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Question: 1/24 Closing Price:
<$32,000 - 13 (19.4%)
$32,000-$33,000 - 4 (6%)
$33,000-$34,000 - 2 (3%)
$34,000-$35,000 - 6 (9%)
$35,000-$36,000 - 11 (16.4%)
$36,000-$37,000 - 7 (10.4%)
$37,000-$38,000 - 4 (6%)
$38,000-$39,000 - 1 (1.5%)
$39,000-$40,000 - 4 (6%)
$40,000-$41,000 - 2 (3%)
$41,000-$42,000 - 0 (0%)
>$42,000 - 13 (19.4%)
Total Voters: 67

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25069185 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. (157 posts by 13 users deleted.)
El duderino_
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May 14, 2019, 08:56:49 PM

Ok who is selling  Angry Remember we can get to 100k in 1 day if no one sells  Grin

You F***ing know i’m not Cheesy

And busy with playing .........
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May 14, 2019, 09:04:47 PM

Ok who is selling  Angry Remember we can get to 100k in 1 day if no one sells  Grin
I have seen $19K but never sold my coin. How could I will sell when the price is only $8k?
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May 14, 2019, 09:14:10 PM
Merited by JayJuanGee (1)

I expect a denial of service of bitcointalk.org soon. 

When the site bogs down, it is merely Eternal September. A mere sign that retail FOMO has started.

DDOS would be a sign that another exponential run is ending. Unlikely at this point. Corrections, dips,  will still be fairly deep and long, which is a good thing.

IMHO the bull market is not fully established yet (only 75% probability), plenty of doubters, not so much FOMO. ..which is also a good thing btw.
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May 14, 2019, 09:22:32 PM

It’s barely red on the daily. Hard to get wound up about that, given the huge move yesterday. 

Under the circumstances anything except going straight back down is bullish. 
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May 14, 2019, 09:23:57 PM

Ok who is selling  Angry Remember we can get to 100k in 1 day if no one sells  Grin
I have seen $19K but never sold my coin. How could I will sell when the price is only $8k?

We should start some kind of fanatical religion or violent gang and make newbs and hodlers in general swear a blood oath not to sell punishable by death or at least punishable by having to spend a day with Roach in the homeless shelter. No selling allowed till at least 50k ffs Roll Eyes

Im kidding sorta, but not really though.

Bitcoin is a perfect candidate to become a religion one day. A mysterious creator no one has ever seen. Traitors who betray it for 50 pieces of silver. It dies over and over and comes back to life. Non believers get punished with poverty and insanity. Powerful nation states with huge militaries cant stop it. Millions of believers.

Jesus only personally used violence one time in the Bible. He literally took a whip and started beating animals, flipping tables and chasing money changers out of the temple. Shocked

"In the temple courts he found people selling cattle, sheep and doves, and others sitting at tables exchanging money. So he made a whip out of cords, and drove all from the temple courts, both sheep and cattle; he scattered the coins of the money changers and overturned their tables. To those who sold doves he said, “Get these out of here! Stop turning my Father’s house into a market!”

Also money is a god for most of modern society, so its only right that Bitcoin become their one true god.


via Imgflip Meme Generator

Again Im sorta kidding, but not really though. Cool

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May 14, 2019, 09:31:18 PM

I believe some whales are doing swaps with Ripple.

Nothing to worry about. Soon the money returns to Bitcoin.
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May 14, 2019, 09:33:49 PM
Last edit: May 14, 2019, 09:46:37 PM by encycrypto

I believe some whales are doing swaps with Ripple.

Nothing to worry about. Soon the money returns to Bitcoin.

No, they're not. We're not worried either. Also, if you think that Ripple is doing too god, open its YTD chart and compare it with BTC. You're comparing a lion with a donkey, please don't do that.

*good
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May 14, 2019, 10:18:57 PM

And the daily has swung back green. 

Go Bitcoin go. 
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May 14, 2019, 10:30:08 PM

And the daily has swung back green. 

Go Bitcoin go. 

It looks exactly the same as April 2 daily candle.. and look what happened thereafter...  Roll Eyes
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May 14, 2019, 10:33:29 PM

And the daily has swung back green. 

Go Bitcoin go. 

It looks exactly the same as April 2 daily candle.. and look what happened thereafter...  Roll Eyes

HAH.  Good point !
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May 14, 2019, 10:35:21 PM

When institutional money and central banks begin to FOMO, watch out.
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May 14, 2019, 10:44:41 PM
Last edit: May 14, 2019, 11:32:09 PM by toknormal



What "use case" do you think bitcoin solves out of interest ? (Apart from making coin-grabbing early adopters rich)

so you really don´t know it yet? you been in this forum since sub $100 prices. you did not understand it back then, that is why you are no early investor. nothing to be ashamed of. but after 6 years and 6000 posts...    i see...

how about:
permissionless, trustless, uncensorable, borderless secure and safe transfer of value.
unconfiscateable, immutable, truly decentralized and safe store of value.

Those are features of a blockchain, not monetary-economic roles.

Bitcoin is a reserve asset (relatively speaking in the blockchain space). As such its job is to collect and provide continuity to long term capital that's not deployed in some kind of active economic role. In any monetary system you always have a layered structure of diverse assets - always. Thats because there are so many distinct priorities that may be in conflict for a given requirement.

For example, say you're a saver. You want to maximise return on your savings and don't care how they are denominated. You may or may not need regular "income" from your capital, or just protection against goods price inflation long term. That would be one set of priorities which may be met by - whatever: sovereign bonds, equities, indexed funds, gold, silver, bitcoin.



On the other hand, say you're a car manufacturer. You have a 6 month budgeting cycle during which the price of labour, raw materials and plant can go all over the place. On top of that you're exposed to potentially unfavourable currency volatility in foreign markets. Here, you're not interested in maximising return on capital, but rather running your production costs on budget and preserving the margin on future sales. So you invest in a completely different type of money - one that preserves your planning priorities and hedges your risks.



Contrary to the tunnel visioned mono-culture you've been promoting in this discussion, the crypto economy is no different. There will be and IS already a demand for a diversity of trustless monetary blockchains that address specific priorities ranging from realtime trading performance, through various hedging protocols such as stablecoins or commodity pegs, the whole smartcontract sector and crypto-derivative platforms, trustless auction exchanges, invoice factoring platforms, bitcoin clones that prioritise alternative aspects of the protocol, trustless hedging protocols for merchants such as Bitshares.

Bitcoin cannot do all this and was never designed or intended to. If you think one blockchain can run a whole crypto economy you're deluded. Also you can forget any "side chain" or "piggy back" nonsense as well because if there's one thing that's been learned from the old gold standard or trans-national currencies like the Euro, it's that single currencies are a disaster for diverse economies. They transmit all the rot from where the problem is to where it isn't. (Though that doesn't mean that we can't have world reserve asset bases like bitcoin but they are horizontal, not vertical).

The way that all these "alternative classes" create growth in bitcoin is that the monetary systems are layered on top of each other so that the utility assets are near the top and reserve assets at the bottom. One way that this is often expressed is in a metaphor known as "Exter's Pyramid". What happens is that most of the utility capital is deployed and recycled in the utility layers (such as short term business deposit accounts in the classic economy for cash flow). But some of these activities make "excess money" - i.e. profits - which have to be "parked" somewhere as they are excess to requirements. That's how capital starts to drift down through the pyramid and into the successive reserve layers below, adding long term value to them.



So be careful what you wish for. If you really want your BTC to grow, in my opinion you'd better hope the whole economy grows around crypto and that ain't gonna happen with one blockchain - albeit a reserve asset one. Trees have leaves for a reason, the bark on the trunk isn't too great at collecting light for photosynthesis since it's busy doing another job protecting it from reindeer sharpening their antlers. Similarly, altcoins will be the "collectors" of revenue and ultimately capital from a myriad of business sectors that bitcoin would simply never have found its way into on its own. Why do you think the Lightning Network is needed for example ? Because bitcoin can't even adequately fulfill the most basic of trading performance priorities and there are plenty more where that one came from.

What you want for bitcoin growth is LOW relative market dominance, not high dominance. That's also why you see jumps in bitcoin value taking place after a period of decline in dominance - because the high "capital collector" altcoin layers of crypto's "Exter's pyramid" have become saturated, get squeezed, and the excess capital moves to reserve storage in bitcoin.

Finally, I'm not the only one to have made this appraisal of the future structure of the crypto eco-system. Others have taken it much further, such as Tom Luongo who actually posted a version of the pyramid adapted to crypto. This is from a couple of years ago.


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May 14, 2019, 11:26:45 PM

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.
El duderino_
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May 14, 2019, 11:33:14 PM

Todays session ended, Exhausted, HODLsleep and HAT change needed.

Gonna catch up with the thread tomorrow.

Good night my fellow BTC-brothers
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May 14, 2019, 11:34:50 PM

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.  And even they are quite dubious.  Tether and Dai have shown us that current stable coins are not stable.  They had one job....

Until we have at least one alt coin which has achieved something, I’m afraid your argument has no practical application, and is of theoretical interest only.

They relieved the unwary of their bitcoins and sent them to the likes of eduffield, fluffypony, coblee, bytemaster and the other worthy gentlemen.
They achieved that much.
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May 14, 2019, 11:38:23 PM

Just got home from our province just to vote for Midterm election, $6,100 before I left, and now I'm back BTC already reached $8,000.  Cool Cool
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May 14, 2019, 11:40:29 PM
Last edit: May 14, 2019, 11:54:26 PM by toknormal

That’s all very good and well.  But the only alt coins that have shown any value to date so far are stable coins.

What exactly do you mean by "value" ? Value to you ? Value to the market ? Productivity value ?

More importantly...does it matter ? These discussions inevitably end up like an order book = there's somebody parked at every level from zero to infinity. Commentators in the "fiat world" argue bitcoin is useless and valueless just as many bitcoin holders argue altcoins are. Moon Coin from way back in 2014 has no current value. All its value is now in bitcoin because that was the only pairing it ever had. But it was where the "value" went first. Those people bought mooncoin, not bitcoin because many of them would have far less bitcoin today if they'd bought bitcoin first.

Similarly, stocks in typewriter manufacturers from the 1960's have zero value. Their value moved into more permanent vehicles whether that be the next short-lived stock, cash or gold. It doesn't matter because the value was captured and eventually moved down Exter's pyramid.

My point is that all this talk of "alts have no value" is pointless. You might as well say bitcoin has no value because if someone puts their money in Moon Coin first rather then bitcoin, it doesn't. Most people want to earn money quickly, not slowly and reserve assets have never been - nor ever will be - the front door to wealth.

They're where wealth ends up when it matures to a certain stage. That's why most people invest in companies rather than gold and it's why bitcoin needs a healthy altcoin market that's - ideally - multiples of its own size to grow long term.
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May 14, 2019, 11:57:02 PM

By “value” I mean a use case, where the coins have been used for their use case.  

Other than stable coins, no alt coin has ever been used for its intended use case in any meaningful way.  

If they don’t have a viable use case, then they don’t have any value.
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May 14, 2019, 11:57:20 PM



edit: Justin Sun face mat Consensus pee bounty now up to $70 https://twitter.com/StopAndDecrypt/status/1128441005374619648
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May 15, 2019, 12:05:38 AM

My point is that all this talk of "alts have no value" is pointless. You might as well say bitcoin has no value because if someone puts their money in Moon Coin first rather then bitcoin, it doesn't. Most people want to earn money quickly, not slowly and reserve assets have never been - nor ever will be - the front door to wealth.

They're where wealth ends up when it matures to a certain stage. That's why most people invest in companies rather than gold and it's why bitcoin needs a healthy altcoin market that's - ideally - multiples of its own size to grow long term.


So your argument is that altcoins have "value" simply to make short term wealth gains in, instead of buying Bitcoin? Really?

You're missing the whole point of Bitcoin in the first place. SMH
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