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

[DeathAngel]

I think I need a hat man!

[1715088900]

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[Last of the V8s]

I think I need a hat man!

You do.
Send xhomerx10 (or post) a picture...
He hasn't had aanythink to do recently, sitting about twiddling his scissors, so pretty sure he'll whistle you up a titfer.

[realr0ach]

Had no idea level 5 chimpouts were occurring in...Ireland...

https://dailystormer.name/dublin-roving-gang-of-50-youths-attack-locals-with-crowbars-and-baseball-bats/

[El duderino_]

Is it your birthday mic?

If yes, then happy bday and all the very fcking best for you!

It was the 4th but was in Spain @that time as a surprise thing ...

Have been there meeting LFC (pics posted few pages back)
And went later on to a very good resto
https://bitcointalk.org/index.php?topic=5151405.0
^made a thread to avoid more spam as I already do sometimes

via Imgflip Meme Generator
^
Saturday, time to get F***ing druuuunk!!!!

[xhomerx10]

Bs tilted the wrong way

 

restored

[Saint-loup]

Damn, today gonna do a small family dinner this evening.... but right @this time my GF just came with another surprise (last one I hope guess )

She co-worked with XhomerX10, mmm she asked him to work something out and he provided her a design for this awesome cake, THX to my GF and XhomerX10, I hope she didn't harass you to much , still thank you both, we really enjoyed the cake with a few @my place


(actually my GF wasn't very happy with what they RL made cause XhomerX's original design was much better...., so next time we need a better cake maker)
^
Honestly, I did really loved it, yet another great community helping out etc...



^
Original design by our creative master

-Also yeah r0ach, I still know, she's continuously looking for an upgrade BF... hope she doesn't find it, would miss her 


*honour the ROLLERCOASTER

Awesome! And very very romantic...

Well I think the message is clear, she's waiting for your marriage proposal, with children...     

[xhomerx10]

Hey Mr MicG!  My wife just show me in people magazine that the Dude is selling his California ranch bungalow!
Only 8 million - you'd better scoop that up


https://people.com/home/jeff-bridges-lists-spanish-revival-montecito-ranch-for-8-million-see-inside/

[JayJuanGee]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

This is both interesting but also scaring:

Intresting because there was a lot of debate if the recent price action was due to markets being efficient with people pricing in halving effect before halving actually happening. Public information being incorporated in current market prices is what characterise efficient markets. Something should be granted in a mature market like the one bitcoin begins to be.

This is also scaring because grayscale targets institutional investors. I would have tough this kind of investors had done the basic due diligence of the technology. How can be prepared to invest millions in BTC without even knowing what an halving is?
This is scary. They are ready to invest in something they basically don’t know about.

These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss.  
However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving,  call it the halving period average price.
So thats the potenial of an average price of about $11900 from 2021 onwards!?  

But that only applies if all is as perfect as possible!  I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved)

Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed.

Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market.  $2600 best case scenario or lower probable bottom.

Wow!!!!!   You are so prophetic, jonoiv.

Appears that you still have not given up hope to buy back some of the coins that your dumbass sold at $6k, either at a slight loss in a possible scenario or even at a profit in a better case scenario.

On the other hand, just think about the opportunity cost that you lost, already, including a lot of the stress that you could have lessened if you had not gambled your whole BTC stash (of likely less than .5 BTC) on dumb.

Will talking your book help?  Maybe it will make you feel a little bit better, but I doubt that many peeps reading this thread give you much credibility beyond perhaps some newbie readers who are like-minded wishful-thinking enough to buy into your book-talking FUD spreading attempts.

Have you seen a gambling-addict specialist, yet? or a fantasylandia correction expert, yet?     

[JayJuanGee]

These "studious" investors that did their homework, do appear to have been suckered in for an 80% or more loss.  
However one glimour of hope I see, is the potential of approx 75% increse one year on from the 3rd halving,  call it the halving period average price.
So thats the potenial of an average price of about $11900 from 2021 onwards!?  

But that only applies if all is as perfect as possible!  I can't see it happening, that will be well over a decade and if still no signs of bitcoin adoption (i've still not been able to buy a single product at high street retail with bitcoin in the EU since 2012 when i got involved)

Whatever bitcoin was supposed to be, a currency or store of value, it's still not widley addpoted and heavily flawed.

Based on that and other TA and oppinions I've seen, looks like 2 more years of the bear market.  $2600 best case scenario or lower probable bottom.

Shelby Moore believes its going to $775, and links it with the scenario of a hard fork.

I believed in a three-digit scenario last year, but then the market recovered and we got out of the "despair phase" in the standard bubble chart. As you can see, the black line marks the mean value. We are already in a new cycle, and possibly in the "first sell off" phase.

For this reason I dont believe, right now, that we will see 3k again. We can still fall to 5k, though.

Yeah, Shelby / anunymint quoted for being a pie in the sky dumb-ass might be appropriate.  There are definitely bitcoin naysayers out there, like Shelby/anunymint, jonoiv, and others, who are wishing either that bitcoin has not transitioned out of its previous bear market (of 2018) (seems like decently odds of well-less than 40% of going back into a bear market now), and/or that bitcoin will experience a convincing technical obstacle, such as the bullshit lack of segwit adoption attack scenario, that anunymint continues to spout off about (seemingly less than 5%), which will cause BTC prices to fall or some other currently stupid-ass scam coin (such as bcash or ethereum or some other largely smoke and mirrors project)  to take up some of bitcoin's networking effects to become the credibly dominant coin.

I suppose that some of these nutjobs do reasonably understand that any scenario of a serious bitcoin demise would cripple almost any meaningful chance for another crypto to take it's place, but those bitcoinnaysayer altcoin pumping nutjobs likely don't care too much about actual likely outcomes because they rely upon naive folks to actually give more weight to their their pie in the sky scenarios since most of the smarter bitcoiners do seem to realize that successful FUD spreading only needs to contain a scintilla of actual truth in order to allow the desired effect in which scintilla scenarios are granted way more probability weight than they deserve - and get way more air-time than they deserve.

[Last of the V8s]

We're gonna need a whole new internet if JJG and Shelby start discussing things.

[JayJuanGee]

A lot of people buy solely because they think the halving is some type of guaranteed pump and dump profit.  As seen with some of Litecoin's moves in the past, if the halving generates no return because everyone already bought beforehand, you can then wind up with epic implosions when everyone is on the same side of the trade.  The halving then turns into dump fest instead of profit.

Is that why you are refusing to take any kind of stake in bitcoin, roach?  You don't want to be fooled?   Your pie in the sky scenario is likely going to lead to your getting roached again, based on a failure/refusal to buy, rather than your getting roached at below $700 when you sold your whole BTC stash. 

In other words, you have an opportunity to NOT become a "roach 2" "statistical" meme.   

In other words (am I running out of ways to say this?), go buy ur selfie a little bit of bitcoin (perhaps even 1% of your investment stash, even though 10% would likely be better).

And, since I am in the midst of giving some advice, take ur selfie to a nunnery, too.       

[El duderino_]

^^^^

 Wow!  That's the cutest Bitcoin rollercoaster guy ever!  The cake looks awesome and the best part is you can see the love in it.
You have the best GF in the world MicG.  Hope you made a good wish on that cake!

Again thx for your always support and help you have done.... thx!

Cheers! (Still just me and not yet the booze that is talking... )

[BitcoinGirl.Club]

^^

https://twitter.com/CryptoBac/status/1137398453774966784/photo/1

Roach?

[JayJuanGee]

We're gonna need a whole new internet if JJG and Shelby start discussing things.

I've already had some exchanges back and forth with that nutjob, and he is an expert at technical divergence, obscurity of points, irrelevance, appeals to status and other bullshit logical and misrepresentation fallacy presentations.

I believe that you would much rather go have a drink with me, rather than that pretentiously pompous ass, who has been banned from the forum several times due to his inability to make any genuine or meaningful points without exaggeration(s).   

[JayJuanGee]

A lot of people buy solely because they think the halving is some type of guaranteed pump and dump profit. 

This is the effect of the hype train. The bull market came earlier than in 2015, so we cant predict how long will be the current cycle. It could end in 2020 or 2022, despite the halving.

Even though it appears that we have transitioned into a bullmarket, the case of a bullmarket is far from closed, which means that there could be somewhere in the neighborhood of up to 40% that the bottom is NOT in.  Accordingly, if the less likely scenario were to occur, such as the bottom NOT being in (which is far from non-zero chances), then a lot of bulls will be eating shit. 

All of us BTC HODLers should be preparing our selfies, both financially and psychologically for short-term BTC price scenarios that are less likely, without losing sight of the fact that currently, the odds do seem greater than NOT that BTC has transitioned into a bull market (without devolving into fallacious thinking/preparations that our likely current bull market status is 100% or even 80%, when it is likely much lower than that).

[JayJuanGee]

People think this because it’s exactly what happened so far. I don’t think it’s naive to expect history to repeat itself, r0ach.

It's inevitable that a Bitcoin halving will be a buy the rumor sell the news event like this Litecoin halving:

hahahahahaha

That is what a lot of peeps said around bitcoin's second halving that occurred in mid-2016.. it was quite comical to then witness how the reduction of new bitcoin supply (in 2016 and thereafter) seemed to have ongoing upwards price pressures on BTC that became even more concrete when the reality was experienced...... which seemed to become more and more stronger after the halving was realized in a concrete physical way with not as many new coins on a daily basis.... etc etc etc (which added up with more and more passage of time).

Who gives any shits about what happens with litecoin?.... litecoin is not bitcoin and accordingly is not the dog, at best litecoin is the tail...., even if it's halvening comes more than 9 months prior to king-daddy bitcoin's.      

[JayJuanGee]

Is it your birthday mic?

If yes, then happy bday and all the very fcking best for you!

It's his b-day for at least a week... teams get week-long b-days, while mere mortals get day-long b-days.   

[LFC_Bitcoin]

JJG, you’re right buddy. I remember very well people saying the halving was priced in before the last halving. Some people never learn do they, we’ll do donuts in our lambos, snort coke & fuck hookers laughing at them

[Last of the V8s]

We're gonna need a whole new internet if JJG and Shelby start discussing things.

I've already had some exchanges back and forth with that nutjob, and he is an expert at technical divergence, obscurity of points, irrelevance, appeals to status and other bullshit logical and misrepresentation fallacy presentations.

I believe that you would much rather go have a drink with me, rather than that pretentiously pompous ass, who has been banned from the forum several times due to his inability to make any genuine or meaningful points without exaggeration(s).   

The only word I understood there was 'drink' and I believe you're right, we 3 should meet up while this whole thing blows over and put the world to rights.

[HairyMaclairy]

Have you seen a gambling-addict specialist, yet? or a fantasylandia correction expert, yet?     

Nice one JJG.  Hit the nail on the head and made me laugh.