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

[JayJuanGee]

F*ck I'm not very good at these graphs but for some reason they look very bullish to me! 

They are, we have tested support levels & bounced back up each time. All points towards the bottom being already in & we’ll start to test higher resistance levels.

The same happened in 2015 after the Gox crash. We’re still in a period of sideways but expect to leave the valley of death behind & begin to chip away testing higher resistance points.

one thing that seems to be different between now and 2015, is that now there seems to be around 3x or 4x more participation in the WO thread.  There are few active participants from 2015 besides you and me LFC... but anyhow, I am not sure if it matters.  Of course, BTC is more popular and more adoption, so I doubt that we need to go through the same extreme of deserted WO thread, as we did in 2015 before we are ready to slowly migrate uppity, as you suggested could be our current price dynamics.

By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.

[JayJuanGee]

@VB1001 - When I started buying £100 bought nearly 1 whole bitcoin. Fast forward 5 years & imagine if we see that % increase in price in another 5 years. This is why you should never doubt yourself buying smaller amounts.

£100 worth of BTC now could be worth a shit load in 5 years. As I always say buy what you can afford to when you can afford to now & enjoy the profits in the future.

One day my friend all the patience will be rewarded.

I mentioned this several times before too.  I had some cash flow issues in 2015, and frequently in 2015, I would buy small amounts on a daily basis, even below $5 worth, just to stack away my buy for the day and some of those buys really added up... just imagine $30 would get you well over .1BTC.

  I know that currently some places will not allow you to make such low purchases, but I was able to make many low purchase amounts in 2015, and my point is that low amounts of purchases can add up and their value can become quite a lot more with the passage of time, too. 

hashtag Stacking satoshis.   

[Last of the V8s]

https://www.nextgov.com/emerging-tech/2019/03/us-marshals-want-help-disposing-virtual-currencies/155381/

Stored cryptocurrencies must be kept in a segregated digital wallet set aside specifically for the Marshals Service and must be safeguarded against “theft, human error, system failures and acts of God,” the documents state. The contractor must also be able to “brute force,” or be able to hack into, wallets that are “locked by error or technical difficulties,” enabling marshals to gain access no matter what happens.

On the disposal side, the winning vendor must be able to convert the digital currencies to physical money, either by exchanging directly to U.S. dollars, exchanging for more liquid virtual currencies and assets or through a sealed-bid auction. The contractor must also have a mechanism for returning seized assets to the original owners when required.

....

[realr0ach]

I am kinda anti anything when it comes to big businesses but I have to say that I do enjoy it when Google puts together something worthwhile, such as their tribute to International Women's Day.

All you misogynists should take the time to look through some of the incredible achievements that women have accomplished.

Happy wahmen's day.

[jojo69]

https://www.nextgov.com/emerging-tech/2019/03/us-marshals-want-help-disposing-virtual-currencies/155381/

Stored cryptocurrencies must be kept in a segregated digital wallet set aside specifically for the Marshals Service and must be safeguarded against “theft, human error, system failures and acts of God,” the documents state. The contractor must also be able to “brute force,” or be able to hack into, wallets that are “locked by error or technical difficulties,” enabling marshals to gain access no matter what happens.

On the disposal side, the winning vendor must be able to convert the digital currencies to physical money, either by exchanging directly to U.S. dollars, exchanging for more liquid virtual currencies and assets or through a sealed-bid auction. The contractor must also have a mechanism for returning seized assets to the original owners when required.

....

[BitcoinGirl.Club]

I had too much meat in a wedding party. Now feeling my stomach is going to explode LOL

[LFC_Bitcoin]

By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.

Jay, don’t you think it’s weird that the cycle seems to repeat itself. We’re following the same pattern from bear to bull markets. I feel like we’ve been here before which is because we have

I certainly won’t be complaining if we make the same kind of gains in price from 2014 Gox induced bear market to 2017 bull market in this cycle.

[realr0ach]

Good night WO’s

Your video game is terrible:

https://store.steampowered.com/app/1035300/cockroach_Planet_Survival/

[jojo69]

https://www.carper.senate.gov/public/_cache/files/5/0/508a6447-853f-4f41-85e8-1927641557f3/D5CFA4A0FC19997FF41FB3A5CE9EB6F7.equifax-report-3.6.19.pdf

In a Senate report, Equifax is accused of neglecting its own cybersecurity policies which ultimately led to the 2017 data breach that exposed personally identifiable information (PII) of 145 million Americans . The company's key Senior Managers didn't attend cybersecurity meetings and an audit identified a backlog of over 8,500 known vulnerabilities in its network. Over 1,000 of these were considered critical, high, or medium risks that were found on systems that could be accessed by individuals from outside of Equifax's information technology ("IT") networks.

The company instituted an "honor system" for patching its systems and didn't abide by its own patching policy that required the company's IT department to patch critical vulnerabilities within 48 hours. Equifax wasn't even sure of the network assets that it owned, so it was impossible for Equifax to know if vulnerabilities existed on its networks. When threats were announced by the U.S. government with the highest critical score possible; the company's security scans failed to identify the vulnerability. This is because the company lacked a comprehensive inventory of its IT assets. Equifax also allowed its SSL certificates to expire 8 months prior to the 2017 data breach which allowed hackers access to the network for 78 days undetected. Equifax waited six weeks before notifying the public of the breach.

Equifax's online dispute portal, the hackers also accessed other Equifax databases as they searched for other systems containing PII. They eventually found a data repository that also contained unencrypted usernames and passwords that allowed the hackers to access additional Equifax databases. The information accessed primarily included names, Social Security numbers, birth dates, addresses, and, in some instances, driver's license and credit card numbers.

The usernames and passwords the hackers found were saved on a file share by Equifax employees. Equifax told the Subcommittee that it decided to structure its networks this way due to its effort to support efficient business operations rather than security protocols. In addition, Equifax did not have basic tools in place to detect and identify changes to files, a protection which would have generated real-time alerts and detected the unauthorized changes the hackers were making.

[Bitcoinaire]

According to this chart, we are much further along in this cycle.


Altcoin Market Cap Trends


https://twitter.com/Beastlyorion/status/1104070434876620800

[Toxic2040]

ya ya..thats all fine and dandy but I know what you are all really thinking...



1h


3h

#stronghands'19

[serveria.com]

According to this chart, we are much further along in this cycle.


Altcoin Market Cap Trends


https://twitter.com/Beastlyorion/status/1104070434876620800

Well it seems that we're about to rally violently very very soon   I can see a leg up into 6k-10k area.

If your bags are still not full you better buy NOW! Can you feel it? It's a smell of a bear fear....

[BitcoinGirl.Club]

I had too much meat in a wedding party. Now feeling my stomach is going to explode LOL

Go into a food coma, wake up at a price change, it always happens to me on the holidays and the phone notification going off.

Taking bed rest while browsing in the forum.

[JayJuanGee]

By the way the slow migration up will break at some point and cause some short term upwards explosions in price that end up crashing back down before we really know that we are really heading UP for good.

Jay, don’t you think it’s weird that the cycle seems to repeat itself. We’re following the same pattern from bear to bull markets. I feel like we’ve been here before which is because we have

I certainly won’t be complaining if we make the same kind of gains in price from 2014 Gox induced bear market to 2017 bull market in this cycle.

I am close to perfectly with you on this LFC, even though I tend to want to hedge on the conservative side and NOT to take any exact things for granted, until it already has happened.

Anyhow, I am not betting the farm on BTC because I feel that I have already made a lot of BIG BTC bets that have paid off way more than I ever expected.. even though I was not betting the farm, back then either.  By the time we got to 2015, I felt that I had already taken a large enough stake in BTC in terms of what I was planning to do with my overall percentage allocation.  However, since my BTC holdings were in the red (most of the time from 2014 and on and increasingly so by the time we got to the end of 2014), thereafter in 2015, I was largely dedicating any and all free cash that was coming in on a regular basis to BTC without taking away from my emergency funds in fiat and my other fiat-related investments (Of course, I may have skimped on buying a coffee here or there or I may have eaten in rather than eaten out from time to time, too).

So, yes, if the exact same pattern ends up playing out (and I certainly would not be surprised, even if I am not taking it for granted), then once again, those of us who are continuing to stack satoshis and to HODL them are going to be laughing our asses to the bank when the nocoiners, the fence-sitters, the bitcoin naysayers again are sitting on the sidelines (deja vu) waiting (and waiting) for new BTC price lows that never end up happening. 

So, even though in current times I frequently talk about "bearmarket" and all that bullshit, because I believe that is our current short term BTC price dynamics state of affairs, and that is where the probabilities lie, I am more than adequately prepared for UP, again.  I am kind of in the close to 97% to 98% bitcoin arena.. so I don't have a lot of fiat to play around with in terms of buying more BTC... except as extra cashflow here and there comes in from time to time.  Currently, I also have BTC buy orders down to about $2k that I hope will never fill.

[BitcoinGirl.Club]

"No, Bitcoin (BTC) is Not a Quick Rich Scheme, Price Approaching $4,000"

Exactly!

Bitcoin is the future of world currency system.

https://www.newsbtc.com/2019/03/08/no-bitcoin-btc-is-not-a-quick-rich-scheme-price-approaching-4000/

[LFC_Bitcoin]

@JJG - If I’m honest I’m way more invested in bitcoin than any sane person would be. I have a house with a mortgage on, an apartment that I rent out (it also has a mortgage on).

I have £40,000 in a shit UK fiat bank ISA savings account with 0.1% annual interest (a compensation pay out for a bad car accident I had 10 years ago - caused by a drunk driver).

Apart from that I’m all in on bitcoin. Most sensible people would buy 3 or 4 more apartments & rent them out & probably be set for life but I believe in bitcoin so much. I’m a risk taker & I will become a millionaire through crypto, I’m very certain of it.

Any way that’s my fucking shitty story

[estenity]

Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.

They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen.

why would anybody need centralized exchanges ?

[BitcoinGirl.Club]

Any way that’s my fucking shitty story

And f**king shitty inspiring as well. Well done brother. May the force be with you and we all win.

[Last of the V8s]

https://gizmodo.com/u-s-army-assures-public-that-robot-tank-system-adheres-1833061674

In its request, the Army asked for help enabling the Advanced Targeting and Lethality Automated System (ATLAS) to “acquire, identify, and engage targets at least 3X faster than the current manual process.” But that language apparently scared some people who are worried about the rise of AI-powered killing machines.

meanwhile the price is really trying to go up

[Last of the V8s]

Anonymous based coins are always subject to regulation issues, it's just the nature of them. I wouldn't be confident in them for being a long term investment.

They're all going to be expunged from authorised exchanges eventually but that certainly won't mean they're worthless. It's going to be very interesting to observe where they settle and grow once it's clear that's going to happen.

why would anybody need centralized exchanges ?

because they're not oxymorons