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

[realr0ach]

I don't think so. I've been hearing for 20 years that all the programming work will be outsourced to India and it hasn't happened yet.

The brutal truth is that educational systems in most countries are garbage. The colleges and universities in most 3rd world countries are worthless - especially when it comes to tech degrees. Nothing compares to a computer science degree from a western/first world county.

The 3d industry (I think a few places like Pixar) tried to outsource to India and it failed in the past.  Their work was not as good as western nations, plus they put their cultural slant on the work as well.  This was just the beginning, though.  The industry is already mature in the west and succeeds in funneling lots of people who are naturally gifted at arts into the field.  In places like India, for numerous reasons, that does not happen.

Maybe it's even impossible for those people to be funneled into that industry at all without the entire nation itself industrializing into a 1st world country, then India's massive population would hold no advantage.  But it's also possible even if their nation stays somewhat 3rd world, they manage to carve out niche industry (think call centers) except instead of call centers, they specialize in programming, 3d, or whatever and undercut the west.  As time goes by, as long as the wage gap between each country is huge, the more incentive there is for them to attempt to form those niche industries and undercut the west, so a lot of it seems sort of inevitable.

Like I said, due to India's structural problems and relative 3rd world status, it's entirely possible India fails to undercut the west, but it's EASILY possible places like China undercut just about EVERYTHING in programming, plus all the low wage, Eastern Euro countries and Russia as well.  There's not much stopping those nations from demolishing the standard of living in programming in the future.  Most of them even know English now.

[Ibian]

Someone posted this on /r/reddit:

WikiLeaks Reveals US Military Use Of IMF, World Bank As "Unconventional" Weapons

Describes how the global monetary system is just a giant American geopolitical weapon. And that is why bitcoin will win. But we knew that, of course.

If anything that's why Bitcoin will win, and not in the way you're taking it.

Bitcoin will win because if the US can push Bitcoin and get it to be globally used, they will get Foreign leaders public addresses that are meant to be private.

They will show cryptographic proof of them breaking sanctions, buying whores, fucking everything under the son and they will use it as a weapon.


Why wouldn't they?

That door swings both ways.

[Kylapoiss]

 Your new hat sir!

https://i.imgur.com/tj6mnSg.png https://i.imgur.com/6lBaRi1.png

Avatar-sized

 

edit: not sure what I was thinking! A black cord was not appropirate... changed it to gold.  Please accept my apologies.

+1 WOsMerit

Could it be even more better with some scrambled eggs on it?

 I tried scrambled eggs but they didn't look very good after manipulating them to fit the brim of the hat and shrinking them to avatar size.  Just another skill I need to work on!

 Thanks to Toxic2040's encouragement, I tried again with the scrambled eggs...



Avatar-sized



 Dabs, you'll be the officer and the gentleman of the thread now.

Good work again sir!

Do you still have my original image? Maybe get mine updated too, the new 3D ones and the LN hat are looking more than awesome

[JayJuanGee]

I just hope we are still young when the $100K party comes. It will be almost surreal if it ever comes to reality. There's a chance though.

We are all going to be in crutches, wheelchairs and with personal assistants and oxogen tanks.  

Sucks to be HODLers.

We can always send our assistants to make some awesome explosions and fireworks with the oxygen tanks. Sounds fun to me.

You are too optimistic, bitserve.  I liked you better, yesterday, when you were in a higher state of capitulation and despair.  This little price bump got your spirits up, too much.

[bitserve]

I just hope we are still young when the $100K party comes. It will be almost surreal if it ever comes to reality. There's a chance though.

We are all going to be in crutches, wheelchairs and with personal assistants and oxogen tanks.  

Sucks to be HODLers.

We can always send our assistants to make some awesome explosions and fireworks with the oxygen tanks. Sounds fun to me.

You are too optimistic, bitserve.  I liked you better, yesterday, when you were in a higher state of capitulation and despair.  This little price bump got your spirits up, too much.

But, but... I remain capitulated!

I am still deeply depressed. This little pump is not going to fool me. Believe me.

[Kylapoiss]

[JayJuanGee]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

[bitserve]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

[jojo69]

Bob returning from IP meeting

[Hueristic]

Someone posted this on /r/reddit:

WikiLeaks Reveals US Military Use Of IMF, World Bank As "Unconventional" Weapons

Describes how the global monetary system is just a giant American geopolitical weapon. And that is why bitcoin will win. But we knew that, of course.

I hope they really didn't do that to the Venezuelan people.

[DevilSlayer]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

[Kylapoiss]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

[Kylapoiss]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

I stopped trading around June-July, can't predict anything in this kind of market and don't want to trade with (considerable) losses. Emotions have been pretty numb since sideways $6,500, I'm prepared for anything now.

Like said, don't invest money you can't afford to lose. I learned it the hard way in 2014-2015.

[JayJuanGee]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

[Kylapoiss]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

Good times to accumulate, I'm pretty sure the next rally will come as it was in 2017, from almost nowhere. Lets hope bitserve will add some stash into his bag too and forgets about the capitulation. Fundamentals are getting stronger every day and 1 BTC is still 1 BTC

[bitebits]

It hasn’t gone up.  A few hundred bucks above the 200WMA doesn’t count.

Denial.

[bitserve]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

Bleh, I am volatility battle hardened. My first "important" purchase reached Bitstamp the day Bitcoin reached $266... with the subsequent drop. I made most of my stash in extreme volatility periods. It is low price low volatility what breaks my nerves... Past bear market I just forgot about Bitcoin (while hodling) but this time I am still here and in that way it is a first time for me. Bring the fucking volatility to me for fucks sake!

[Toxic2040]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

I think its actually easier to understand when there is higher volatility as the trend is your friend so they say.

And the trend for crypto is decidedly upwards today with strong gains posted across the board. Bitcoin is currently trading in the $3.61k to $3.71k after settling slightly downwards to consolidate from a 10% gain on intraday trading.
1h

4h

[JayJuanGee]

[edited out]

Good times to accumulate, I'm pretty sure the next rally will come as it was in 2017, from almost nowhere. Lets hope bitserve will add some stash into his bag too and forgets about the capitulation. Fundamentals are getting stronger every day and 1 BTC is still 1 BTC

I agree with you that it seems to be a good time to accumulate, but we are not in a time similar to 2017, yet.  We are not even in  a time similar to 2016.  We are either in a time similar to 2014 or 2015.  We do not know which one, yet, and that is part of the reason for such trepidation.

I know that I am making fun of bitserves emotional proclamations from yesterday, but there is certain level of reasonableness to such trepidations because there is no guarantee that the BTC price bottom is still in, and in that regard, we could experience another halvening of the BTC price and further dragging out of more flat, and down before we get to the UP part.

Yes, I would feel a lot more comfortable to get above $6k, but we are a long way from there, and even the pittance of a scenario that I described in my earlier post (getting to $5,900 a couple of times would not be enough to persuade that we are out of the bear market.

So, sure it is nice to play around, including myself, about the emotional outbursts and frustrations of others, and to make fun out of it, but there remains a decent amount of truth to the whole matter... accumulate now, but don't accumulate so much that you are NOT prepared for another BTC price halvening.  Keep some dry powder, just in case.  I don't know the odds of another BTC price halvening, but they are not really low, and may even be in the 30% to 40% territory, which is nothing to sneeze at.

Would I rather go up?  Hell yeah.  Am I going to be bummed out if the BTC price halves again?  yes.   I would also buy, even though I am disappointed because the whole value of my BTC holdings halved again... but I would buy a bit more because that is what my system tells me to do, especially when there is nothing fundamentally wrong with BTC and the actual fundamentals remain stronger than any other crypto project, and that is apart from the shenanigans of various fiat based systems.. but anyhow, several of us BTC HODLers (and accumulators) consider BTC as a fiat hedge... so there we go.. continuing to HODL and continuing to accumulate, even while being somewhat bummed out that the BTC price continues to have some difficulties breaking above some of the price resistance points between here and $6k.. and could reasonably take a good 2 months (great scenario) to 18 months (worse scenario) to get back to $6k and challenging the resistance at $6k.

[Kylapoiss]

** snap **

I think its actually easier to understand when there is higher volatility as the trend is your friend so they say.

And the trend for crypto is decidedly upwards today with strong gains posted across the board. Bitcoin is currently trading in the $3.61k to $3.71k after settling slightly downwards to consolidate from a 10% gain on intraday trading.
1h

4h

Nice and clear graphs with explanations which even a total rookie would understand. Sent my last merits on the way