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Question: When will bitcoin reach the top of this bull market (i.e. when will it moon)?
Topped at $13,880 in June - 12 (7.6%)
H2 2019 - 16 (10.2%)
H1 2020 - 30 (19.1%)
H2 2020 - 28 (17.8%)
H1 2021 - 12 (7.6%)
H2 2021 - 31 (19.7%)
H1 2022 - 6 (3.8%)
H2 2022 - 4 (2.5%)
H1 2023 - 0 (0%)
H2 2023 - 3 (1.9%)
2024 or Later - 15 (9.6%)
Total Voters: 157

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21294150 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (102 posts by 19 users deleted.)
realr0ach
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January 22, 2019, 03:37:56 AM

UBI should not be regarded as communism

There's no such thing as "UBI".  It's a made up bullshit word identical to communism.  They just wish to call it something else because communism has too much of a negative stigma.  It's like me renaming Nazism to GRFJ - Get Rid of the Fucking Jews, and claiming it's something else.  The economic system didn't fail due to capitalism either, it failed because we already have communism.  A central bank is one of the main tenets of communism.

And of course "UBI" is communism.  One man's free shit is another man's indentured servitude.  The only way this doesn't apply is if everything is done by robots.  When's the last time you went to a robot dentist?  A robot plumber? A robot car mechanic?  Not even simple tasks like making a pizza are done by robots.  Probably never will be because the machine would cost as much as the store itself and still have to be staffed by people anyway.  

Anything involving robotic food preparation is going to be nothing more than a conveyor belt to automate some of the process, but not all.  All you'd really be doing in the end is making it so your minimum wage employee has to do less work while still paying him the same amount.  You'd still need him there regardless.  You're basically setting money on fire.  Then when your pizza machine breaks down every single day, you get to call in the $200 an hour robot specialist to work on it.
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January 22, 2019, 03:50:20 AM

Did somebody previously post a graph or a chart detailing what happens to the price every January (we usually slump every Jan?).

Any way, curious to know people’s thoughts that if we stay over $3,200 as we enter February - Have we definitely seen the bottom of this cycle?

Thoughts?


Bitcoin is not seasonal.

Remember the proclamation that we go up every November?

That did not work too well in November 2018.

I think that the pressure (lack of support) for down is greater than the pressure (too much resistance) for up.  

Does not mean that the price is going down.  Does not mean that I hope the price will go up.  Does not mean that I am selling any.  Does not mean that I am not going to buy more BTC if the price goes down. Does not mean that my stash of BTC is NOT big enough for me to be prepared for UP.

In other words, I have hardly no fucking clue, beyond a coin toss with the use of a coin that is slightly skewed towards down.
Yeah people are too excited to jump on what they see as trends and seasons, people were talking about the November and December pumps since July when the price continued a downtrend.

I am not sure if I would call it "continues a downward trend," even though the price has so far gone downwards during those recent periods, and sure if we zoom out, we see the BTC price has gone down since about December 2017.... Will it continue to go down is the million dollar question that we should not presume to already have happened, when it has not happened, yet.

So, yeah, there was a bit of a problem, when BTC ranged in the flat for a considerable amount of time above $6k until mid November, and yeah the BTC price had visited $6k-ish - at least 4 times prior to breaking through (without breaking through), and then once the BTC price pierced blow that $6k level, then we came down to another so far plateau level.

I would not assume more down, even though the odds for down are greater than the odds for up, especially after we broke below $6k.  Furthermore, there is a lot of resistance to get back up.  I would NOT grasp at straws to make some kind of "seasonal" call because there is a lot more going on in bitcoin besides what supposedly happens at certain times of the year.    

What is currently happening in BTC is that bears, bear whales and manipulators are going to continue to attempt to suck out as much as they can and for as long as they can in order to get the BTC price to go down.  Even though the odds are slightly in their favor, they have not succeeded to push the price down below $3,140, so I am not going to assume that they are going to continue to be successful to push the price down further, even if the odds are slightly in their favor.
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January 22, 2019, 04:41:20 AM

Crossposting this from Monero thread, I did not see it here.

Quote
Alex Gladstein on Why Bitcoin Matters for Freedom

https://www.whatbitcoindid.com/podcast/alex-gladstein-on-why-bitcoin-and-decentralised-technology-matters-for-freedom
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January 22, 2019, 04:46:49 AM

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch  Smiley

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work
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January 22, 2019, 04:50:12 AM

New Blockstream Joint Venture to Expand Bitcoin Applications in Japan.

https://www.prweb.com/releases/new_blockstream_joint_venture_to_expand_bitcoin_applications_in_japan/prweb16046970.htm
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January 22, 2019, 05:04:22 AM

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch  Smiley

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work

The kikes at the BIS are too stupid to know PoW is designed to self destruct without them having to try to force anyone off it.  The overhead per transaction is huge and it's only kept afloat because a high initial, fixed block reward subsidizes each transaction.  Once the subsidy becomes too anemic, people will just abandon that chain and use a different one that still has a block reward running to subsidize their transactions, or switch to an even more centralized, lower overhead system like PoS.

The fact PoW is designed to centralize, and thus has no fundamentals and high overhead, is not hard to lose vs equally shitty or worse systems with less overhead.  That's why it's best to just tell any digital shitcoin shill to fuck off and support physical metals instead.  It's difficult to create a dystopia with metals as money, while digital shitcoins are a dystopian govt tracking and control system by default straight out of the box, and they will only mold them further towards that task each passing day.
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January 22, 2019, 05:16:28 AM

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch  Smiley

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work

I experience a churning of my stomach when I see non-sense like that.  It is a sign of desperation, like you are suggesting, and it there is a kind of "holy cow" regarding the level of misinformation that is presented by the underlying assertion.

Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug.  Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin.  The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case.

By the way, bitcoin is stubborn and very difficult to change, too, and that remains as a feature rather than a bug to defend against misinformation campaigns that try to get bitcoin to become paypal-like, so stop whining about how stubborn and "inefficient" bitcoin is you fucking bank shill bitcoin naysayers.   Tongue Tongue    Cheesy Cheesy
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January 22, 2019, 05:26:44 AM

Something that 'breaks the rules'.

That article making parallels between bittorrent and bitcoin really hit home, didn't it.

indeed
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January 22, 2019, 05:33:40 AM

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch  Smiley

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work

I experience a churning of my stomach when I see non-sense like that.  It is a sign of desperation, like you are suggesting, and it there is a kind of "holy cow" regarding the level of misinformation that is presented by the underlying assertion.

Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug.  Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin.  The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case.

By the way, bitcoin is stubborn and very difficult to change, too, and that remains as a feature rather than a bug to defend against misinformation campaigns that try to get bitcoin to become paypal-like, so stop whining about how stubborn and "inefficient" bitcoin is you fucking bank shill bitcoin naysayers.   Tongue Tongue    Cheesy Cheesy

terse
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January 22, 2019, 05:38:08 AM

If you've ever noticed Twitter & Reddit are garbage but couldn't explain exactly why:

https://www.reddit.com/r/MGTOW/comments/aiejff/this_is_the_type_of_wimyn_gizmodo_hides/eeo86bh/
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January 22, 2019, 05:39:00 AM

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

QFT.

+1

What he said.
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January 22, 2019, 05:42:29 AM

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

QFT.

+1

What he said.

What if they used the time, then figured out the solutions and then realized every one of those solutions would get them killed so decided to just sit back and complain until someone else finds a better solution that doesn't get them killed?
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January 22, 2019, 05:54:24 AM
Last edit: January 22, 2019, 06:17:13 AM by realr0ach

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

QFT.

+1

What he said.

Stupid post.  There's probably legions of 120+ IQ people in Japan working two jobs 90 hours a week, making jack shit for money and barely getting by.  And this is one of the most egalitarian countries on earth.  Working hard, being smart, or being productive does not mean you will be rewarded for it.  

Shitcoins are a great example.  I consider all digital shitcoins a scam and only physical metals as money, but most people here believe Bitcoin is legit, just the other shitcoins like Ethereum are a scam.  Welp, hate to break it to you, but the pump and dump scam known as Ethereum created far more profit for people than just about anything else.  Other complete bullshit like "Tron" too.  Most people will agree that physical metals are a hell of a lot better investment than "Tron", but are metals holders being rewarded lately?  Nope.  But "Tron" holders are driving lambos.

The entire economic system is so broken that you need to make the wrong decisions on purpose to make money.  The whole thing needs to be burned to the ground.  Work hard to get an engineering degree in Canada?  You'll have something like a 20% chance of employment. Be an absolutely useless woman and create an instagram and patreon account?  Make $150k a year.  I have no idea exactly where this money comes from, but it's common.  At this point, dropping out of middle school and becoming a white rapper would probably be more productive than going to college.

https://dailystormer.name/this-thot-is-making-154000-a-month-on-patreon-and-basically-youre-a-fucking-enabler/
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January 22, 2019, 06:00:50 AM

BIS chief Agustín Carstens: Bitcoin must depart from PoW.

I like how bankers starting to sweat they know Bitcoin will eat their lunch  Smiley

https://cointelegraph.com/news/major-central-bank-institution-bis-bitcoin-must-depart-from-proof-of-work

I experience a churning of my stomach when I see non-sense like that.  It is a sign of desperation, like you are suggesting, and it there is a kind of "holy cow" regarding the level of misinformation that is presented by the underlying assertion.

Some folks don't realize that the "holy shit" of bitcoin is wrapped up in its proof of work, so proof of work is a feature, not a bug.  Proof of work causes bitcoin incentive, and like you suggested, paashaas, will continue to generate incentives that cause the downfall of the whole financial system, causing value to flow into bitcoin.  The audacity of the article seems to show that there are many traditional financial incumbents who will be willing to battle quite strenuously to spread their nonsense about bitcoin supposedly being flawed, when in fact they are pointing out central features.. namely POW in this case.

By the way, bitcoin is stubborn and very difficult to change, too, and that remains as a feature rather than a bug to defend against misinformation campaigns that try to get bitcoin to become paypal-like, so stop whining about how stubborn and "inefficient" bitcoin is you fucking bank shill bitcoin naysayers.   Tongue Tongue    Cheesy Cheesy

terse

your point?
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January 22, 2019, 06:25:53 AM

Anyone who has time to complain about wealth inequality doesn't really deserve moving upwards in the food chain, as they could've invested the same time on figuring out sensible goals for their life as well as some steps towards them.

QFT.

+1

What he said.

What if they used the time, then figured out the solutions and then realized every one of those solutions would get them killed so decided to just sit back and complain until someone else finds a better solution that doesn't get them killed?

I can't even figure out what you are getting at. Working on life will get you killed? I guess in some sense. In the long run, we're all dead.

Life is hard. Buck up, bucko - or get lapped by those willing to put in the work.
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January 22, 2019, 06:29:47 AM

Don't you worry, we've been putting in work on the "solution":

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January 22, 2019, 07:48:08 AM

FFS r0ach, I went to sleep, got up and you are still on it - the thread I mean, not that....other thing.

Haven't we reached your Schelling point for the day? Tongue

And to think you are convincing anyone. I bought a whole coin yesterday. Wink

#

Morning WO's!
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January 22, 2019, 07:48:34 AM

https://www.reddit.com/r/Bitcoin/comments/aidwtd/now_in_a_football_game_in_israel/een4hiy
The guy behind it is Moshe Hogeg, he bought the team, Beitar Jerusalem (the main team of Jerusalem). Also, he is the founder of Sirin Labs (Finney, the blockchain phone).
NICE.... but I just finding it really cool/awesome man


He's also pretty shady:
https://www.ccn.com/renowned-israeli-crypto-entrepreneur-moshe-hogeg-accused-of-misusing-ico-funds/
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January 22, 2019, 08:05:16 AM

To be fair, the deck is stacked pretty badly.

Even some pretty intelligent folks decide it's not really worth playing.

In conditions of true institutionalized inequality, revolution is pulling yourself up by your bootstraps.
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January 22, 2019, 08:06:05 AM
Merited by Majormax (1)

Damn, I pretty patient when it comes to long term shit but this is getting ridiculous.

I've got bad news for you, friend...  Undecided
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