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

[bitserve]

It is reasonable to expect some pullback in July and August.  But I sure as hell would not short this market or try to sell local tops.

Growth right now is nutty. The last time we saw this kind of trajectory on the logarithmic and it didn't follow through with an order of magnitude jump was back in 2012.

Except, as much as I would love to see an order of magnitude jump, there are not enough historical data to assume it would be an anomaly if it didn't happen this time.

We will see....

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[MrFreeRoMan]

imaginary, valueless, digital shitcoins

Sorry for quoting Roach but it seems he's trying to follow his idol's advice:

"If you tell a big enough lie and tell it frequently enough, it will be believed." - Adolf Hitler

So this is clearly the reason he keeps repeating it all the time.  

You can always give Roach  this cube
How to critique Bitcoin: a guide

Thought-free thinkpieces at your fingertips

[LFC_Bitcoin]

Weekly resistance is around 9600, above that not much until 11k.
Though i personally believe 10k will be a big psycological hurdle.

5 digits zone, 50+% from ath etc pp.

I really wouldn’t mind going sideways for a significant period now. I’m a bit uncomfortable with massive increases in price over a short time because it usually ends up ending badly.

Consolidation & low volatility for a few months now would be most welcome imo.

[MrFreeRoMan]

Weekly resistance is around 9600, above that not much until 11k.
Though i personally believe 10k will be a big psycological hurdle.

5 digits zone, 50+% from ath etc pp.

I really wouldn’t mind going sideways for a significant period now. I’m a bit uncomfortable with massive increases in price over a short time because it usually ends up ending badly.

Consolidation & low volatility for a few months now would be most welcome imo.

This will happen! But when?

http://charts.woobull.com/bitcoin-nvt-signal/


Edit: dick knows him! He himself:
Build theories on:
History Repeat?
Technical analysis of a newborn product?
It's all shit

[realr0ach]

You can always give Roach  this cube

Nice red herring cube that doesn't even include the main problems at all like having zero fundamentals from transaction validators being designed to centralize, or the completely illogical scaling issues where even if Lightning Network was a valid scaling solution (it's not), most of the coin supply would probably be stranded as dust with the cost of opening a channel higher than the value of the dust.  But that's an inherent terminal error of any of these high overhead, low performance, slavechain tracking system tokens.

[Globb0]

My parents had a 300ZX Z32 as well, awesome cars, horrible to work on under the hood however. I think their history of Z ownership (from the 240 all the way to 350) inspired my love of Jap cars too and lead to me owning an R33 GTR.

There's something about mid 90's to mid 00's Jap cars that hold a special place in my heart

I had a R32 GTR. Without a shadow of a doubt the most hateful vehicle I have ever possessed. Everything went wrong, it handled and braked like shit. The engine was incredible so some day I will place one in a Morris Minor and enjoy the sole bright spot that car had to offer.

Ideally I'd like to buy back that specific car so I can slowly cut it to pieces with tin snips but I think it got scrapped which made me smirk.

Sorry you had that experience! However the 32's are getting long in the tooth now and were always underbraked apart from the VSPEC2's that came with the Brembo brakes standard. But yes, the RB26 is a beautiful engine, second only to the 2JZ in my book. Hopefully if BTC keeps doing well I'll end up owning a 32 and 34 as well. Don't have as much love for the 35... I appreciate it but it's way more reliant on electronics than I like; but bloody fast!

My nephew is into the drifting scene and competes. He runs a Supra with over 700Bhp. The thing is crazy quick. Biggest cost is tyres. Easily chewing through 6 sets in a session.
I have owned a couple of "nice" cars. A Merc CLK 55 AMG, a C32 AMG and a Lotus Elise 111R.
Preferred the Mercs over the Lotus although the Lotus was fun on the windy stuff.
Also had a couple of bikes GSXR and a CBR but gave those up after realising that they are not meant for mowing grass!

No show off, but this was me I think 8 years back in time I did love to drive...

-Still cars and bikes are big boys toys imo I think the car I enjoyed the most was 2-years back when I had a amg gt....
As I see many are into Merc in here damn at the moment having an English vehicle F-type

I went on the back of a Ninja with a professional racer from Sicily, scared the fuck out of me. I couldn't walk after shaking legs.

It was like theres a bus, there was a bus. So fast!!!!


FFFFFFFFFFFFFFFFFuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu%^^%%%%%%%%%6   Mummy!

[Globb0]

I had a 190 E too,

I'm more interested in a Japanese Turbo Nutters Barge these days.

Jap FTW!

Any particular flavor?  

Had 3 MR2's the 3rd one a MK3 with added turbo and intercooler oil cooler standalone ECU overbore sleved racebuilt engine forged everything etc. and the last was a Nissan 300zx Twin turbo, FAF!

*edit*  and if you meant the Merc, it was the racey one. Best ever looking Merc in my opinion

Nice. I like the look of the Mitsubishi GTO even if they are totally unloved by the public.

The MR2 sounds nuts.  A real sleeper.  Did you ever track it?  I bet it could hold its own against an Exige or Clubman which is saying something.

Coilovers etc. of course. So light and agile and precise. Black too.

Silly fast. Definite permagrin. Have a few magazines as momentos.

It was both, won the class at the drag strip, and won for looks on other days

Very missed now I instead have CHILDREN!   FS


Oh yeah I had to have a cluch specially made for it. Then it wheel spinned when you changed gears.   Horrific in traffic.  lol

[El duderino_]

This week in crypto:

1. Facebook crypto details emerge
2. Binance launching US operation
3. @sqcrypto 1st hire is @moneyball
4. Iceland approve fiat on blockchain
5. Helium raises $15M Series C
6. Bitcoin still not dead

The virus is spreading 🔥
https://twitter.com/APompliano/status/1139887465777569792

7. Vegeta memes back on track
8. 5-dig numbers in sight
9. r0ach been flagged by a respected member
 Etc

https://twitter.com/Micgoossens/status/9000-9100-9200-9300-10,000

[fabiorem]

imaginary, valueless, digital shitcoins

Sorry for quoting Roach but it seems he's trying to follow his idol's advice:

"If you tell a big enough lie and tell it frequently enough, it will be believed." - Adolf Hitler

So this is clearly the reason he keeps repeating it all the time.  

I believe he repeats it as a mantra, so that he can ignore reality to the best of his abilities.

He could solve his drama by just going away, but /pol/tards are know to be masochists who love their supposed oppressors.

[Hueristic]

My nephew is into the drifting scene and competes. He runs a Supra with over 700Bhp. The thing is crazy quick. Biggest cost is tyres. Easily chewing through 6 sets in a session.
I have owned a couple of "nice" cars. A Merc CLK 55 AMG, a C32 AMG and a Lotus Elise 111R.
Preferred the Mercs over the Lotus although the Lotus was fun on the windy stuff.
Also had a couple of bikes GSXR and a CBR but gave those up after realizing that they are not meant for mowing grass!

Been there a few times!

[MrFreeRoMan]

Bitcoin Grow without me! It is easier to him on 65 kilograms! And while I'm in DOTA2 play!

[yefi]

Except, as much as I would love to see an order of magnitude jump, there are not enough historical data to assume it would be an anomaly if it didn't happen this time.

We will see....

True. Plus it seems insane.

[HairyMaclairy]

I had a 190 E too,

I'm more interested in a Japanese Turbo Nutters Barge these days.

Jap FTW!

Any particular flavor?  

Had 3 MR2's the 3rd one a MK3 with added turbo and intercooler oil cooler standalone ECU overbore sleved racebuilt engine forged everything etc. and the last was a Nissan 300zx Twin turbo, FAF!

*edit*  and if you meant the Merc, it was the racey one. Best ever looking Merc in my opinion

Nice. I like the look of the Mitsubishi GTO even if they are totally unloved by the public.

The MR2 sounds nuts.  A real sleeper.  Did you ever track it?  I bet it could hold its own against an Exige or Clubman which is saying something.

Watched too much the fast and the furious?

Im eying an audi sq5 right now, also pretty nice as a family car

Yeah the SQ5 is impressive.  Really ought to carry an RS badge for the motor.  Twin turbo V6.  

[HairyMaclairy]

So umm I just hit my personal ATH as measured in fiat terms.  Just passed the 2017 peak.

Feels good man

Wow! You fucking doubled your BTC during the bear market?

Hat off Sir!

Not quite. I increased my BTC by about 62% by trading the bear market and then bought another 15% near the bottom with fresh fiat.  

Up a little bit today by longing the last dip with a dollar cost average of $8,000ish.  Depreciation of the local currency against US$ over the past year has done the rest of the doubling effect.  I am genuinely using Bitcoin as a store of value as the local peso loses its shit....

Strategy from here is simple.  Constantly long the dips for the next two years while keeping plenty of collateral in case of a flash crash.

I was a late starter so have a lot of ground to make up.

[HairyMaclairy]

My parents had a 300ZX Z32 as well, awesome cars, horrible to work on under the hood however. I think their history of Z ownership (from the 240 all the way to 350) inspired my love of Jap cars too and lead to me owning an R33 GTR.

There's something about mid 90's to mid 00's Jap cars that hold a special place in my heart

I had a R32 GTR. Without a shadow of a doubt the most hateful vehicle I have ever possessed. Everything went wrong, it handled and braked like shit. The engine was incredible so some day I will place one in a Morris Minor and enjoy the sole bright spot that car had to offer.

Ideally I'd like to buy back that specific car so I can slowly cut it to pieces with tin snips but I think it got scrapped which made me smirk.

Sorry you had that experience! However the 32's are getting long in the tooth now and were always underbraked apart from the VSPEC2's that came with the Brembo brakes standard. But yes, the RB26 is a beautiful engine, second only to the 2JZ in my book. Hopefully if BTC keeps doing well I'll end up owning a 32 and 34 as well. Don't have as much love for the 35... I appreciate it but it's way more reliant on electronics than I like; but bloody fast!

I test drove an R33 GTR. Nice car but the dealer was dodgy.  Odometer misaligned...

Do you find yourself attracting young men at the gas station instead of young ladies ?

[realr0ach]

Last of the V8s false flag attack (flagging anyone who he disagrees with as a 'scammer') backfires on him:

I can tell by his one post here roach is far more intelligent than any of you posting here. Thanks for proving to me keeping you excluded is the right choice. You can't handle anyone disagreeing with you without making it into a personal attack.

[pereira4]

You can always give Roach  this cube

Nice red herring cube that doesn't even include the main problems at all like having zero fundamentals from transaction validators being designed to centralize, or the completely illogical scaling issues where even if Lightning Network was a valid scaling solution (it's not), most of the coin supply would probably be stranded as dust with the cost of opening a channel higher than the value of the dust.  But that's an inherent terminal error of any of these high overhead, low performance, slavechain tracking system tokens.

I understand your case for gold, but why not find a middle term and own both? Both gold and Bitcoin have a point. So far everyone that has been a stuck up goldbug has end up paying the price of missing on massive boats. Why not own some of both again? How high must it go for you to accept selling was a bad idea?
You have become our resident Peter Schiff at this point. I don't expect any closure since we've been debating this since the release of gold 1.0 itself.

[realr0ach]

I understand your case for gold, but why not find a middle term and own both? Both gold and Bitcoin have a point. You have become our resident Peter Schiff at this point.

Bitcoin is not a resource or commodity.  It's an imaginary, valueless, designed to centralize, government tracking system token.  The goal of all Keynesian scams is to give someone something of zero value while stealing their resources, goods, or labor that actually does have value.  Only a moron accepts a Keynesian scam for their goods or labor.

[El duderino_]

Last of the V8s false flag attack (flagging anyone who he disagrees with as a 'scammer') backfires on him:

I can tell by his one post here roach is far more intelligent than any of you posting here. Thanks for proving to me keeping you excluded is the right choice. You can't handle anyone disagreeing with you without making it into a personal attack.

A quote coming from? ......... You are good with words sometimes and are of some intellect, but same time you go hand in hand with being one of the most stupid, dumb creatures that walks on this planet....
Thats a stamp you will carry a whole lifetime (only for knowing BTC so early, then studied it and made the decision of selling and not owning it)
That made you carry a lifetime IDIOT-STAMP

Then no flag discussion in here moron, talk in that thread, if some are interested they talk to you there! In here nobody cares.

[pereira4]

I understand your case for gold, but why not find a middle term and own both? Both gold and Bitcoin have a point. You have become our resident Peter Schiff at this point.

Bitcoin is not a resource or commodity.  It's an imaginary, valueless, designed to centralize, government tracking system token.  The goal of all Keynesian scams is to give someone something of zero value while stealing their resources, goods, or labor that actually does have value.  Only a moron accepts a Keynesian scam for their goods or labor.

There is always going to be a need for something with the properties of Bitcoin for someone out there, just like there's always going to be a need for something with the properties of gold for someone out there. Case in point, none of them is going to 0. There are no real reasons to not own some of both unless you've become a goldbug only drone/bitcoin only drone which rejects the good use cases of both.