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

[Toxic2040]

 
jojo gets me

+1 WOsMerit

Another thing, the 2010 to 2011 data is not useful. This chart is just bears being greedy at the end of the cycle.

I agree completely, and that first data set is the basis of the rest of their regression. Sloppy.

+1 WOsMerit

[JayJuanGee]

Cylinder Maximalist

 Don't worry, I have a plan for our little friend.  No whitepaper yet but I think those are overkill and cause a lot of unnecessary infighting.



edit: VeeCash! VeeCash! VeeCash!

The latest "me too" language regards "maximalism" is within a range of social acceptability, and if you really want to insult V8, you gotta label him as a cylinder "extremist" hahahahaha 

I like that:  "VeeCash! VeeCash! VeeCash!"  Vroom, Vroom.

[HairyMaclairy]

Internal Combustion Jihadist

[infofront]

Repost of a classic chart (source unknown):

-img snipped-

wut dis?



I suspect the answer might be in here.

https://ellaurora.com/about-us

https://twitter.com/KunalDaSen/status/1029016530640625664

Also, I realized I first heard about it from Anonymint. His analysis of the chart is here

[JayJuanGee]

The 21 million limit and block reward reductions are not set in stone. All it takes is consensus and these things can be changed.

Easier said than done.  Good luck with those kinds of core change proposals that you believe to be so potentially malleable.

21 words. No appearance of "seemingly", still with substitutes of sorts ("you believe to be so potentially"). That's some progress. Due where's due. Missing GTFO though.

Hey!!!!  I am not a monolith.  I have systemic variance.   

[JayJuanGee]

I'm new to this thread and I plan to stay to know your opinion about the BTC movement and possible future movements.
Based on the https://coinmarketcap.com/currencies/bitcoin/, the closing price of BTC/USD was $3,706 and unfortunately only 7 of the total poll voters were right, I guess it says that majority still believe we will see big pump early this year.

Welcome! You'll find we muck about off-topic a lot, but there is some price discussion occasionally. The poll is almost always far too bullish and doesn't represent the predictions people put their names to. Current consensus seems to be that we will drag along this bottom till June or so, maybe with a ghastly stab lower sometime, then begin to grind up very slowly through all the resistance levels.

Thanks, I'm also bullish but I'd like to think more realistic now, I'm kinda bias with myself although I can feel that price might go lower from it's current range. Maybe it's normal to be bias for long term investor compared to a day trader where they are more realistic as they can make money regardless of the market condition.

You guys are day trading here?

Welcome, stadus.

It would not be fair to label participants in this thread as a monolith.  

[jojo69]

[JayJuanGee]

A historic perspective on the last sharp bottom and a flat afterwards (circa 2015).

1. A post on the very bottom day:
https://bitcointalk.org/index.php?topic=178336.msg10146987#msg10146987
Well, they do panic during bottoms, indeed.

2. A couple of months later some people were already predicting better things (32K, not 20K, but it is close; JJG agreed, BTW):
https://bitcointalk.org/index.php?topic=178336.msg10657883#msg10657883
https://bitcointalk.org/index.php?topic=178336.msg10658020#msg10658020

3. by summer 2015 some gave up hope (for a bull):
https://bitcointalk.org/index.php?topic=178336.msg11561452#msg11561452

4. others are cool... I am looking at you, LFC_Bitcoin:
https://bitcointalk.org/index.php?topic=178336.msg11770952#msg11770952

5. then Stolfi came in to rub it in during September, 2015.

6. Then, the bull suddenly happened.

It might not repeat, but I sure hope that it would rhyme with the last bull.

P.S. i only looked at a few dozen posts or so, randomly chosen, just by jumping between pages. if you had a deep insight during that time about going to 20K in 2-2.5 years, please share.

Surely, Biodom, you have to take any of the comments of any particular poster during that time (and even today) with a considerably LARGE grain of salt, and even question whether any of those individual comments, snapshot at that particular moment, would have been reflective of thread sentiments as a whole.

By the way, from about late 2014, until his departure from the forum in about late 2016, Adamstgbit was continuing to predict $32k in 1 year or 2 years, and of course there was a bit of a variation in his predictive assertions depending how much of a drunken troll mood he was in and he even kept some of those kinds of predictions up, even when he had become more obsessively BIG blocktard embittered and maniacal about this forum supposedly being "censored."

[Wekkel]

https://www.coindesk.com/bitcoin-will-still-bite-the-dust

An inferior product cannot survive

Thats why we still have http and html 

[kurious]

https://www.coindesk.com/bitcoin-will-still-bite-the-dust

An inferior product cannot survive

Thats why we still have http and html 

So he said 'Bitcoin will bite the dust' in 2015.

Now he says 'Bitcoin will still bite the dust' in 2019.

Bullish.

[Globb0]

https://www.coindesk.com/bitcoin-will-still-bite-the-dust

An inferior product cannot survive

Thats why we still have http and html 

So he said 'Bitcoin will bite the dust' in 2015.

Now he says 'Bitcoin will still bite the dust' in 2019.

Bullish.

Bitcoin will bite the dust, perhaps on the day the planet is destroyed? or maybe sometime before that. Dust n bones.

[Karartma1]

snip

When a picture tells a story just as well as, if not better than, a lot of written words.
Jay can't do anything about that.

[StartupAnalyst]

[Globb0]

[StartupAnalyst]

Ahahah meme as if a passage from a dream!!)

[PoolMinor]

Internal Combustion Jihadist

[kenzawak]

And another one !

New York-based Asset Management Firm Files for Bitcoin ETF
This one is supposed to be less volatile. It was dne on the same day as the Bitwise proposal (Jan. 10)

https://www.newsbtc.com/2019/01/15/wilshire-phoenix-quell-sec-concerns-less-volatile-bitcoin-etf/

https://www.sec.gov/Archives/edgar/data/1750145/000091957419000279/d8050549a_s-1.htm

"Wilshire Phoenix, a New York-headquartered investment management group, has submitted an S-1 filing with the SEC. The filing purportedly pertains to a crypto-backed product, interestingly named the United States Bitcoin and Treasury Investment Trust.

Unlike suggested vehicles from VanEck and its partners, Wilshire’s trust will hold positions in not only BTC but short-term U.S. Treasury bills and American dollars too. Explaining that rationale behind this diversification, unheard of in the crypto industry, the ETF hopefuls wrote in the legal document:

“The purpose of the Trust is to provide investors with exposure to BTC in a manner that is more efficient, convenient and less volatile than purchasing stand-alone BTC.”

The SEC-filed document accentuated the fact that the trust isn’t meant to directly emulate a capital allocation towards Bitcoin. Instead, Wilshire sees the instrument as a way for prospective investors to gain minimal, but sufficient exposure to the leading cryptocurrency. The American investment firm added that the vehicle’s divergent nature would decrease volatility, while also minimizing the shortcomings of purchasing, securing, and selling Bitcoin."

[El duderino_]

via Imgflip Meme Generator

Sometimes those comments LoL LMAO many times

[luckygenough56]

You guys are day trading here?

nope i've given up for now, bitcoin doesn't know where to go, it's full of weird shakes out and fractal shit, impossible to know where it will go short term. Market still feels bearish af. Well, maybe not bearish but sidewayish

[kenzawak]

Russian PM Warns Against Discounting Bitcoin

https://finance.yahoo.com/news/russian-prime-minister-don-t-160107238.html

Russian Prime Minister Dmitry Medvedev has addressed the cryptocurrency bear market in a speech at the Gaidar international scientific forum, according to local media outlet TASS.
....
Speaking on the extreme volatility seen in 2018, the prime minister and former president said:

But this, of course, is not a reason to bury them [cryptocurrencies]. Here […] there are both light sides and dark sides, as in any social phenomenon, in any economic institute. And we should just watch closely what happens to them."

So there's a scientific forum called the Gaidar ?