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Question: When will we see a new ATH? (Credit to: Biodom)
2019 - 14 (9.7%)
Early 2020 - 33 (22.8%)
Late 2020 - 44 (30.3%)
Early 2021 - 11 (7.6%)
Late 2021 - 21 (14.5%)
2022 - 3 (2.1%)
2023 - 0 (0%)
2024 - 4 (2.8%)
After 2024 - 3 (2.1%)
Never - 12 (8.3%)
Total Voters: 145

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21428969 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. (128 posts by 22 users deleted.)
Last of the V8s
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May 22, 2019, 04:05:44 PM

SHUWasabi
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
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Wekkel
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May 22, 2019, 04:10:31 PM

 I was promised a rally  Huh
JSRAW
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May 22, 2019, 04:13:28 PM

What's the fuss about Theresa May resigning tonight?
JayJuanGee
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How much alt coin diversification is needed? 0%?


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May 22, 2019, 04:13:46 PM

Even if you have a good plan and you largely follow your plan, there can still be a decent amount of trepidation during the process of the BTC price going UP like a bat out of hell...

-snip-

So build the shaving/skimming into the plan. That's all I'm saying.

This is Bitcoin. If your plan does not consider the possibility that the price overshoots by at least an order of magnitude more than you -- in your wildest dreams -- would dare to hope, then u r doing it rong.


Absolutely... while I would be highly surprised to see 6 digits anytime soon, my plan does allow for prices all the way up to 1MM.   (( past 1MM.. its just a snarky notation that says "hookers and blow"  Grin ))

I have absolutely zero trepidation following my plan..  

Let your logical self make the plan..  then when the price goes bonkers, your emotional self can trust that your logical self knew what he was doing and you can just sit back and enjoy the ride..  

worked for me just fine in 2017.

Does your plan say that you are going to run out of BTC at $1million?  Or will you have some left?

Sometimes I play around with my BTC price trajectories, and I recall that when the BTC price was in the triple digits, my trajectories only went a bit above $10k, but as the BTC price continued to go up, I expanded some of my trajectories to go to further prices, and some of that is merely cut and paste and others just update to go to BIGGER numbers once I change the base numbers in the fields (the where the BTC price is at numbers).  

I have no fucking idea about whether BTC prices will even come close to the upper ends of my current price trajectories, but still in 2017, BTC prices easily surpassed my earlier versions of my BTC price trajectories.  I just looked back and I see that my more bullish and forward looking trajectories only went to $5k when the BTC price was in three digits, and as the BTC price went up, my inputing of new numbers into the formula such as then current price and then current BTC holdings would cause the trajectory to adjust upwards, but still in 2017 the BTC price seemed to be wildly outpacing my BTC price trajectories  and I had to adjust the shown BTC prices therein to keep up with BTC's price movement, and also consider whether my trajectories were matching up with how things were actually playing out in terms of my cash flow..

One of my questions to myself during that time was whether what I was doing was in the ballpark of my BTC price trajectories, even though in earlier times the trajectories had seemed pie in the sky, theoretical and even crazy to some people, my question to myself was to match whether they were being played out in the ballpark of my plan(s).
 
Anyhow, when BTC prices went to nearly $20k it became justifiable that my BTC price projections should go at least to $100k, and there was one point, in recent times that I thought that it would not hurt to copy and paste my formula to see how the BTC price trajectory plays out in a further out upwards BTC price projection, just in case.. let's see how $500k looks..  

Sometimes the way that I talk about what I am doing is weird, too.  For example, I will say that my formula just continues to incrementally sell about 1% of my BTC stash for every 10% price rise, but at a certain point, even though the practice shows that I should continue to sell BTC and accumulate fiat, the ratio of fiat value to BTC value does not really come down very much, even while it is continuing to build fiat and to diminish my BTC holdings, and it seems that I kind of get stuck into the 90% BTC to 10% fiat ratio territory....  

but if I look back in the price trajectory at my BTC holdings today and compare them to my projected BTC holdings at various price points, I will see that if BTC prices were to make $500k, I would have sold a bit more than 30% of the quantity of my today's bitcoin holdings.  Even though I did not cut and paste further data, I am sure that the numbers are not much different in the event that BTC prices were to get up to $1million.

The sell off ratio continues to maintain about a 90% BTC to 10% fiat ratio, which seems to cause an ongoing generation of a lot of fiat, and during that process my BTC widdles away so slowly that it is maintaining the decently large base of about 90% - even if I look at it more closely over the whole stretch, and I will see from the earlier times, I had sold about 30% of my stash from the earlier days (kind of assuming that the price goes straight up rather than buying some BTC back upon price drops), so at some points, it looks like these kinds of projected rises in BTC prices causes me (and likely many other BTC hodlers) to become quite rich.. and maybe even too rich overall.

Anyhow, BTC prices going up causes "good problems to have" for HODLers, and I am thinking that I will have to figure out ways to spend so much excess money (again a good problem to have, if BTC prices play out in that upwards direction)...  
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May 22, 2019, 04:15:55 PM

What's the fuss about Theresa May resigning tonight?

No idea, I知 on my third glass of cheap Prosecco & watching a gameshow Cheesy
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May 22, 2019, 04:16:15 PM



Holy shieeet

You are not anonymous bruh!

Wearing my hat back.

Sad.

Any idea where ChipMixer is registered? I don't find any relevant information in their domain name's WHOIS.

I guess ChipMixer is Canadian. My private research leads me to this guess.
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May 22, 2019, 04:17:52 PM
Merited by jbreher (1)

What's the fuss about Theresa May resigning tonight?


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May 22, 2019, 04:19:58 PM

SHUWasabi

indeed, a very good starting point for Bitcoin privacy is:

https://wasabiwallet.io
https://samouraiwallet.com
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May 22, 2019, 04:21:00 PM

You guys think we will ever see BCash @$4k again within any bullrun? I feel like I lost a fortune by not selling @4k and kept that scam hodling.

You will not find anyone here who thinks that BCH will ever be $4k again

False statement is false.

XD

False statement is false.
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May 22, 2019, 04:21:56 PM

Europol, Dutch and Luxembourg authorities clamp down on crypto mixing service Bestmixer.io

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Today, the Dutch Fiscal Information and Investigation Service (FIOD), in close cooperation with Europol and the authorities in Luxembourg, put an end to cryptocurrency mixing service Bestmixer.io. The investigation resulted in the seizure of six servers in the Netherlands and Luxembourg.

The Dutch FIOD has gathered information on all the interactions on this platform in the past year. This includes IP-addresses, transaction details, bitcoin addresses and chat messages. This information will now be analysed by the FIOD in cooperation with Europol and intelligence packages will be shared with other countries.

https://financefeeds.com/europol-dutch-and-luxembourg-authorities-clamp-down-on-crypto-mixing-service-bestmixer-io/



Any source from dutch government or europol?

Cant find much infos on this seizure.
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May 22, 2019, 04:23:14 PM



Holy shieeet

You are not anonymous bruh!

Wearing my hat back.

SHUM Cheesy

for the new readers of WO:

SHUM = Should Have Used Monero!

https://www.reddit.com/r/CryptoCurrency/comments/7iy27c/major_shum_bitcoin_trader_wrongfully_jailed_for/
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May 22, 2019, 04:23:18 PM

Repeated dishonesty from Samourai have barred them from ever receiving a payout from the bounty as far as I am concerned: I will not be signing a transaction paying them. Evaluating the privacy of systems is difficult even when the involved parties are honest and easy to work with, it is far too difficult when they are actively misleading.  Personally, I would urge my friends to not use that wallet.
snip~
ymmv
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May 22, 2019, 04:24:29 PM
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Any source from dutch government or europol?

Cant find much infos on this seizure.
https://www.europol.europa.eu/newsroom/news/multi-million-euro-cryptocurrency-laundering-service-bestmixerio-taken-down

nothing more there

edit: from the fokker's mouth https://securingtomorrow.mcafee.com/other-blogs/mcafee-labs/crypto-currency-laundering-service-bestmixer-io-taken-down-by-law-enforcement/
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May 22, 2019, 04:28:57 PM

SHUWasabi

indeed, a very good starting point for Bitcoin privacy is:

https://wasabiwallet.io

Wasabi does not compare.

Quote
Ideal fungibility requires every Bitcoin transaction to be indistinguishable from each other, but it is an unrealistic goal. ZeroLink's objective is to break all links between separate sets of coins. ZeroLink presents a wallet privacy framework coupled with Chaumian CoinJoin, which was first introduced in 2013 by Gregory Maxwell. A mixing round runs within seconds, its anonymity set can go beyond a single CoinJoin transaction's if needed, and its DoS resilience presumes a transaction fee environment above $1 Bitcoin.
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May 22, 2019, 04:29:28 PM

Repeated dishonesty from Samourai have barred them from ever receiving a payout from the bounty as far as I am concerned: I will not be signing a transaction paying them. Evaluating the privacy of systems is difficult even when the involved parties are honest and easy to work with, it is far too difficult when they are actively misleading.  Personally, I would urge my friends to not use that wallet.
snip~
ymmv

DYOR Dude!
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May 22, 2019, 04:31:14 PM

Repeated dishonesty from Samourai have barred them from ever receiving a payout from the bounty as far as I am concerned: I will not be signing a transaction paying them. Evaluating the privacy of systems is difficult even when the involved parties are honest and easy to work with, it is far too difficult when they are actively misleading.  Personally, I would urge my friends to not use that wallet.
snip~
ymmv

DYOR Dude!

I did it for him in the post above yours. Wink
infofront
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May 22, 2019, 04:32:31 PM
Last edit: May 22, 2019, 04:58:35 PM by infofront

Satoshi knew that once he slipped that blocksize limit into the core client, it would be there forever, and become the de facto standard in all bitcoin software implementations. That's why Garzik and the others were opposed to it at the time. Satoshi said that it was temporary, but he knew enough about game theory to realize 1MB blocks would become a Schelling Point within the bitcoin network if it was left in the core client long enough.

That's simply not true. You're claiming to know the mind of Satoshi in direct opposition with his public statements.

https://bitcointalk.org/index.php?topic=1347.msg15139#msg15139

Quote
We can phase in a change later if we get closer to needing it.

https://bitcointalk.org/index.php?topic=1347.msg15366#msg15366

Quote
It can be phased in, like:

if (blocknumber > 115000)
    maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.

I disagree. He was smart enough to know that by the time a larger blocksize would be perceived as being needed, it would be too late to change it.

Also, he's just pointing out that the blocksize "can" be adjusted.
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May 22, 2019, 04:32:43 PM

What's the fuss about Theresa May resigning tonight?

No idea, I知 on my third glass of cheap Prosecco & watching a gameshow Cheesy

Enjoy your evening bhai! politics is shitty like game of throne these days anyways.





Lady Hitler? Cheesy
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May 22, 2019, 04:35:45 PM

What's the fuss about Theresa May resigning tonight?

No idea, I知 on my third glass of cheap Prosecco & watching a gameshow Cheesy

Enjoy your evening bhai! politics is shitty like game of throne these days anyways.





Lady Hitler? Cheesy


I知 self employed, I pay as little tax as possible. It doesn稚 matter much to me who is in charge of the country. I am very much anti establishment.

Plus when bitcoin moons I値l get away with even more Smiley
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May 22, 2019, 04:37:30 PM

letエs quickly check how sustainable bSV is rewarding miners with fees to secure the network:

Quote
Today's earned fees across Bitcoin forks...

Bitcoin: $1.8M of fees earned by miners
Bitcoin Cash: $461 of fees earned by miners
Bitcoin SV: $16 of fees earned by miners
Bitcoin Gold: $2 of fees earned by miners

Yet the SV blockchain continues. Funny, that.

Looks like a ripe target to me.
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