Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Last of the V8s]

“A lot of families will complain that their mum or dad, although frail, went into residential care still alert and within a month are like a zombie,”

https://www.theguardian.com/australia-news/2019/jan/15/nursing-homes-turning-residents-into-zombies-aged-care-royal-commission-to-hear

[PoolMinor]

https://www.telegraph.co.uk/technology/2019/01/14/russia-plans-tackle-us-sanctions-bitcoin-investment-says-kremlin/

Russia is preparing an investment in Bitcoin to replace the US dollar as a reserve currency in a bid to tackle US sanctions, according to a Russian economist with close ties to the Kremlin.
Cryptocurrencies have seen a surge of interest in Russia, with President Vladimir Putin expressing interest in the digital assets in recent months. Mr Ginko believes Bitcoin and the wider cryptocurrency industry now account for 8pc of Russia’s GDP, and investment to bolster the country’s reserves with Bitcoin could start as soon as February.

“[The] Russian government is about to make a step to start diversifying financial reserves into Bitcoin since Russia [is] forced by US sanctions to dump US Treasury bonds and [take] back US dollars,” Mr Ginko said.

“These sanctions and the will to adopt modern financial technologies lead Russia to the way of investing its reserves into Bitcoin.”

Been waiting for MSM to confirm this. Thanks.

Careful, this guy apparently has been citing himself for his sourcing of this information.

https://www.ccn.com/fake-news-why-russia-is-probably-not-planning-a-10-billion-bitcoin-buy/

Edit:
Sorry if this has been already addressed.

[jojo69]

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

just wrong

Fatalities from falling bullets are all too frequent. The classic scenario is middle eastern wedding celebrations where falling lead kills a member of the party.  Happens too much.

[El duderino_]

Mixed thought: https://bitcointalk.org/index.php?topic=5097875.new#new

Good night into far HODLspace

[dogebearman]

Mixed thought: https://bitcointalk.org/index.php?topic=5097875.new#new

Good night into far HODLspace

Good night mate

[bitserve]

A 'pebble' falling from several kilometers (without any acceleration except for gravity) will kill you I think. At least that's what I remember my calculation of over a decade ago.

Did you account for air drag, or did you only consider gravitational acceleration?

At that time it would have lost all of its rotation and probably would be just tumbling with added air drag. A parabolic shoot on the other hand.... But still most probably not deadly... if it was so unfortunate to hit someone in the head/eyes/neck. Which is like an extremely small probability in itself. A hit to the body of person with clothes would probably just bounce (not without some moderate impact pain depending on clothes thickness) and not penetrate.

just wrong

Fatalities from falling bullets are all too frequent. The classic scenario is middle eastern wedding celebrations where falling lead kills a member of the party.  Happens too much.

Hmmmm, if you say so maybe I am wrong....

https://en.wikipedia.org/wiki/Celebratory_gunfire

Time to do some study about it...

P.S.: It looks like the most dangerous it is when it is shoot at an angle (parabolic trajectory), as expected, not straight up in the air. But yeah, it seems real people have died or been injured due to it.

[HairyMaclairy]

From the Wikipedia link, referencing Mythbusters:

They found that while bullets traveling on a perfectly vertical trajectory tumble on the way down, creating turbulence that reduces terminal velocity below that which would kill, it was very difficult to fire a bullet in a near-ideal vertical trajectory. In practice, bullets were likely to remain spin-stabilized on a ballistic trajectory and fall at a potentially lethal terminal velocity. They also verified cases of actual deaths from falling bullets.

[JayJuanGee]

I fucking need some moon now that I am again mortgaged! Weeeeeeee!

"Again"?  What is the back story?

I think you were busy IRL when I decided to somehow share it here: https://bitcointalk.org/index.php?topic=178336.msg49054618#msg49054618

Ok.... Now that I read that again, I recall seeing it.

It seems like a bit of an over-leveraging, but not necessarily a bad one.  Each of us needs to make those kinds of decisions, and not necessarily kick ourselves if we teeter on one side or another.

I recall that in about late 2014/early 2015, I was teetering on whether I should divert some of my 401k investment into bitcoin.  At the time, I was more than 50% in the red in bitcoin, and I figured that such a diversion of merely a portion of my 401k could more than double my BTC holdings.  In the end, I decided NOT to do it because I had already gotten to a level of investment in bitcoin that was beyond my initial projection of what I was going to do.  So I could not really justify taking a larger stake, which would rise to the level of a kind of excessive gambling, in my thinking.  I continued to dollar cost average and to attempt to invest fairly high amounts of my spare cash flow into bitcoin, and I considered that what I was doing was more than enough "overleveraging" because it also allowed me to feel comfortable with my soon thereafter decision to sell on the way up (my current practice of selling on the way up and buying on the way down with ongoing dollar cost averaging into bitcoin of any extra income that I get).  So, I never really feel bad to shave off a bit of sales of bitcoin, here and there, because I already feel a bit "overleveraged," but NOT overleveraged so much as to have taken out of my 401k.  Anyhow, my point is that there can be a variety of ways to still achieve a kind of overleveraging approach while NOT breaking the bank, so to speak.

[dogebearman]

I hope this has not been posted before:
https://medium.com/coinmonks/bitcoins-logarithmic-growth-rates-facebook-s-s-curve-and-future-projections-22d8acaaa801

[kenzawak]

https://twitter.com/DriveMarkets/status/1085345397025910784

[PoolMinor]

Bitcoin bottomed around 0400 hours GMT on 14 January 2015.  

We are now past that time in this cycle.  If the fractal holds, we have bottomed.  

I just bought again. 

Where's the volume though?

[JayJuanGee]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

The whole situation seems strange to me.

If there were "random and spontaneous acts of kindness and generosity," then why is there a need to draw attention to such by creating a thread?  Reminds me of one of my female co-workers who brought homeless guy to work with her, and then attempted to defend her position.  She ended up getting fired over the matter, because it was a sign of her bad judgement especially the fact that she failed/refused to be discreet about the matter - a kind of self-destruction.

[infofront]

So what's the plan guys? If Grin works out well, bitcoin devs shove all that tech onto bitcoin?
https://github.com/mimblewimble/grin/blob/master/doc/grin4bitcoiners.md

I don’t know that you could port Bitcoin onto Grin. So it is a threat.  

But their monetary policy is fuxxed.  Big mistake having an endless emissions.  Same trap Monero fell into.  

So that significantly reduces the threat.  

MW can be implemented on a second layer or as a sidechain with BTC I believe.

So, how many grins will ever be made?

Currently set to 50 per 60 seconds (it was going to be 60/m, but I think they finalised at 50/m).  That is not designed to change.  So it's infinite.

Well, if it's infinite it won't be worth anything. That's Economics 101.

I don't know if anyone, including the developers, expect it to be worth much. It's more of a proof of concept of a technology they want to push onto bitcoin.

[bitserve]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

The whole situation seems strange to me.

If there were "random and spontaneous acts of kindness and generosity," then why is there a need to draw attention to such by creating a thread?  Reminds me of one of my female co-workers who brought homeless guy to work with her, and then attempted to defend her position.  She ended up getting fired over the matter, because it was a sign of her bad judgement especially the fact that she failed/refused to be discreet about the matter - a kind of self-destruction.

You could be way more helpful if you used your logic to support our fellow good-standing members.

I am not saying you are wrong in your narrative. Just trying that you see it from another more positive and supportive point of view.

[JayJuanGee]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

The whole situation seems strange to me.

If there were "random and spontaneous acts of kindness and generosity," then why is there a need to draw attention to such by creating a thread?  Reminds me of one of my female co-workers who brought homeless guy to work with her, and then attempted to defend her position.  She ended up getting fired over the matter, because it was a sign of her bad judgement especially the fact that she failed/refused to be discreet about the matter - a kind of self-destruction.

You could be way more helpful if you used your logic to support our fellow good-standing members.

I am not saying you are wrong. Just trying that you see it from another more positive and supportive point of view.

I did not know that I was participating in this forum to be "supportive" of crazy?  Next thing you are going to want me to invest in some "profitable" charity?

[bitserve]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

The whole situation seems strange to me.

If there were "random and spontaneous acts of kindness and generosity," then why is there a need to draw attention to such by creating a thread?  Reminds me of one of my female co-workers who brought homeless guy to work with her, and then attempted to defend her position.  She ended up getting fired over the matter, because it was a sign of her bad judgement especially the fact that she failed/refused to be discreet about the matter - a kind of self-destruction.

You could be way more helpful if you used your logic to support our fellow good-standing members.

I am not saying you are wrong. Just trying that you see it from another more positive and supportive point of view.

I did not know that I was participating to be "supportive" of crazy?  Next thing you are going to want me to invest in some "profitable" charity?

I tried.

[JayJuanGee]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

The whole situation seems strange to me.

If there were "random and spontaneous acts of kindness and generosity," then why is there a need to draw attention to such by creating a thread?  Reminds me of one of my female co-workers who brought homeless guy to work with her, and then attempted to defend her position.  She ended up getting fired over the matter, because it was a sign of her bad judgement especially the fact that she failed/refused to be discreet about the matter - a kind of self-destruction.

You could be way more helpful if you used your logic to support our fellow good-standing members.

I am not saying you are wrong. Just trying that you see it from another more positive and supportive point of view.

I did not know that I was participating to be "supportive" of crazy?  Next thing you are going to want me to invest in some "profitable" charity?

I tried.

During the run up to $19k, I had a guy ask me donate some bitcoin to a good cause (which was a mutual acquaintance who had made some bad financial decisions in then recent times), because he knew that I was rich.  

[bitserve]

FS you try an do good round here you get banned.

Loosers hehe

https://i.imgur.com/N8Wyr45.gif[/img]

https://bitcointalk.org/index.php?topic=5097875.0
oh man Globb0 do be careful of those tards over there. they are mindless power-crazed robots. you may have to back down and act contrite and change your ways.
btw love what you were doing of course

It's a pity a random spontaneous act of kindness and generosity can be so heavily criticised instead of just accepted for what it is.

The whole situation seems strange to me.

If there were "random and spontaneous acts of kindness and generosity," then why is there a need to draw attention to such by creating a thread?  Reminds me of one of my female co-workers who brought homeless guy to work with her, and then attempted to defend her position.  She ended up getting fired over the matter, because it was a sign of her bad judgement especially the fact that she failed/refused to be discreet about the matter - a kind of self-destruction.

You could be way more helpful if you used your logic to support our fellow good-standing members.

I am not saying you are wrong. Just trying that you see it from another more positive and supportive point of view.

I did not know that I was participating to be "supportive" of crazy?  Next thing you are going to want me to invest in some "profitable" charity?

I tried.

During the run up to $19k, I had a guy ask me donate some bitcoin to a good cause, because he knew that I was rich.  

Bonkers.

You are not SO rich

[HairyMaclairy]

Where's the volume though?

We have to allow for the risk that we do not get a volume event this time.  Or maybe we get a volume bounce off the 200 Weekly MA which sits at $3250.  

This is still very much an untested hypothesis.

Edit:  the technicals still say we are sitting in a confirmed downtrend.  But that's not the point.  We are trying to predict the bottom before it shows in the technicals.  

[goldkingcoiner]

Where's the volume though?

We have to allow for the risk that we do not get a volume event this time.  Or maybe we get a volume bounce off the 200 Weekly MA which sits at $3250.   

This is still very much an untested hypothesis. 

Can this perhaps be connected the delayed bakkt launch?