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Question: Oct. 5 Closing Price:
$0 - 5 (3.5%)
<$8,000 - 38 (27%)
$8,000-$8,500 - 16 (11.3%)
$8,500-$9,000 - 10 (7.1%)
$9,000-$9,500 - 13 (9.2%)
$9,500-$10,000 - 12 (8.5%)
$10,000-$10,500 - 10 (7.1%)
$10,500-$11,000 - 5 (3.5%)
$11,000-$11,500 - 2 (1.4%)
$11,500-$12,000 - 4 (2.8%)
>$12,000 - 17 (12.1%)
>$20,000 - 9 (6.4%)
Total Voters: 141

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21403532 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. (108 posts by 21 users deleted.)
rebal15
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June 19, 2019, 02:55:18 AM

Don't waste your time on shitbook. Save your brain energy for useful things.

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June 19, 2019, 02:57:38 AM

If Libra is set to be a stable coin then why is it even a topic of conversation, why’s it being reported on so much?
Nobody is going to make any money from it apart from Zuckerberg, pointless waste of time.


And the fees that "Alice" and "Bob" will pay in transactions round out Mr.FB business.

Zuckerberg is laughing all the way to the bank (the only person to truly benefit from this farce will be him).
Zuckbucks is for him and him only. Embarrassed
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June 19, 2019, 03:00:38 AM

Year 2017 had a similar weekly candle set-up as the one today, which was followed by a 570% price increase over the next 147 days. Another similar price increase puts BTC price at ≈$62K by the end of October 2019.


https://twitter.com/galaxyBTC/status/1140576413180997632

This graph looks reasonable.

Going up to $60k then drops to $20-$40k ish.

Halving kicks in.

Bitcoin blast to $100k - $200k.

This is what I imagine aswell.

I've been running a few analysis methods to predict a top (that I also used in predicting previous bubble tops pretty damn accurately) and it came out at $55k-$60k if it were to happen this summer/fall

Could you link a couple (or more) of your prior predictions of such tops.
I am genuinely interested. Thanks.

BTW, a move exactly like in 2013 would be $3.1 K to 65K, down to $16.7K, up again to $300K.
Of course, it is never the same, but it could rhyme.
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June 19, 2019, 03:29:42 AM
Merited by JayJuanGee (1)

Quote
However, Libra is not designed to be a stablecoin (as currently defined in the cryptocurrency world) with its value not pegged to a single fiat currency. Specifically, Libra will instead initially be backed by a basket of assets denominated across four fiat currencies: USD, GBP, EUR and JPY.

While these fiat currencies are the first to be included, these are three key criteria we expect for any asset - fiat or not - that could be eligible in the long-term for inclusion into the Libra Reserve:

    Individually uncorrelated: only fiat currencies with free-float can be eligible; currencies that are tied / soft-pegged to each other would only be redundant in the Libra Reserve.
    Decision-making process should be tied to either public organizations (i.e. central banks) or an asset being freely accessible (e.g. commodities).
    Quotability: assets must be universally recognized across jurisdictions, to have programmatically-quotable value. For instance, Apple shares (AAPL) are only traded with a single quote currency: USD. As a result, its shares lack additional quotes to serve as a way to value other assets in various jurisdictions. Alternative assets like Gold or Bitcoin could serve this purpose better as they are traded in multiple markets globally and thus be included in the basket of assets used to determine Libra’s value for end users around the world.

Doesn't matter what they peg it to, it's still a stablecoin if it's pegged to a asset class even if that class is newly made up and has variance.




Tether was fully backed by collateral deposits. Until it wasn't.

Tether was so not a scam. Until it was.

Actually it has become the opposite, it was a fractional reserve that they profited from and then backed. And now isn't again, but that is due to TPTB seizing their reserves.  We have to admit they did state on their site that it was not guaranteed to be honored since day one.
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June 19, 2019, 03:34:50 AM

I've been preparing myself mentally for 8000.

I mean, there has to be a real pullback at some point to establish a higher low...right?

Perfect logic, yes.

Just 3 months ago, $8000 would have been considered by many ppl an unlikely dream so soon, so going back there is fine.. (even $7k is a 'very high' low)

You gotta admit, M&M, that our change in price direction of bitcoin seems to fall quite a ways into a kind of range of unexpected.  Bitcoin does the unexpected, again.

Surely, after the collapse of support of $6k, even I was considering that we would be going down further than $3,122, so yeah, I did not consider our April 1 break above $4,200 to have been sufficient to get us out of our bear market, but really BTC's price has continued to go up and up and up and up since after that April 1 break of resistance .. and still no real meaningful price correction.

So, by the time, we got to May and then experienced a few more upwards breaks of resistance, the evidence became more and more convincing that we were out of the bear market.  Not only the amount of time that BTC's price was going up but the amount of distance that BTC was putting on the $3,122 bottom (or any other price point even close to that). 

So, yeah, I would agree that price corrections down to $7k or even $6k are certainly plausible, but those kinds of corrections, don't really seem to be in bitcoin's current cards.  She seems to want to at least break $11k before giving some kind of meaningful test of support, and even then she might want to continue UP for a bit longer - since so many shorters seem to continue to want to provide fuel for further UP.   Sucks to be a shorter, and they seem to believe that if they keep betting down, then sooner or later they are going to be right - even though they continue to lose money in the process of their continued downward bet... We'll see... We'll see.
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June 19, 2019, 03:39:24 AM

Except we don't really KNOW if it was really fully backed. Also, neither cash nor BANKING FIAT are absolutely NON-FUNGIBLE... if they were selling Tether in exchange of banking fiat coming from dubious individuals/corporations, those funds were not really worth their face value because you are assuming a risk (that finally materialised) that the funds gets frozen later.

That's the reason even people (not only governments/banks) do require reasonable KYC on the origin of funds for big purchases, because you could end up without the sold good plus the obtained funds seized on a later date.

We only know that one point in time it was backed and that was done by a law firm which was only allowed access to the balance but not the books. Shady but they did prove they had the cash at that one point in time.
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June 19, 2019, 03:44:38 AM
Merited by vapourminer (1)

Except we don't really KNOW if it was really fully backed. Also, neither cash nor BANKING FIAT are absolutely NON-FUNGIBLE... if they were selling Tether in exchange of banking fiat coming from dubious individuals/corporations, those funds were not really worth their face value because you are assuming a risk (that finally materialised) that the funds gets frozen later.

That's the reason even people (not only governments/banks) do require reasonable KYC on the origin of funds for big purchases, because you could end up without the sold good plus the obtained funds seized on a later date.

We only know that one point in time it was backed and that was done by a law firm which was only allowed access to the balance but not the books. Shady but they did prove they had the cash at that one point in time.

That's not enough evidence for ME. I can't say I know that just because of a third party dubious appraisal. In fact neither could they (not enough information and redundant verifications). And also that cash was already hindered from the origin so it was never worth its face value (which is my main point here).

I can have a barrel full of (real) notes but if the origin of them is dubious it is almost (unless I manage to launder them, which has a very significant cost) as if I had nothing. Which is exactly what happened to Tether when it got a big chunk of their funds locked.

Also, I can have X millions in my bank account and be bankrupt... if you don't have full access to my books and carry a deep audit it could all be just loaned money for the snapshot. It is basically impossible to take into account liabilities if you don't know about their existence.
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June 19, 2019, 03:46:47 AM

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June 19, 2019, 03:53:06 AM

What an assholish thing to say.

Look, you came in here telling people to "stfu" when it came to roach. Which is ironic because now you can't shut up about him. You don't understand how the forum rules work, just humbly accept that. Nobody can censor roach except for infofront. He's clearly not going to be banned from the forum, so it really doesn't matter what any of us think.

Once again you change the subject  Roll Eyes

Not ironic; I don't care about him or what he says (you should try it); if anything, I use my brain and reaffirm my arguments against him. Don't be such a pansy. You mocked me, patronized me, all because I called out the ridiculousness of people complaining about someone they can completely ignore. You can ignore me, just like I'm putting you on ignore. Yes, I am an asshole, and so are you (probably most of us here, whether we admit it or not), and the fact that you are legendary shows just how far this thread has fallen over the last 7 or so years I've been a part of it.

Now I remember why I stopped coming here; if you're not part of the echo chamber, you're told to gtfo and your opinions are invalid (to get off of roach, jbreher has been subject to this multiple times)... it's pathetic.
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June 19, 2019, 03:54:14 AM

"Or maybe her attention,
is drawn by Aqualung,
who watches through the railings as they play-ah-hay"

Perhaps /ignore the newbs, we will see many more, this next year. At least, don't waste brain cells on replying.

Harrumph.
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June 19, 2019, 03:55:33 AM

Except we don't really KNOW if it was really fully backed. Also, neither cash nor BANKING FIAT are absolutely NON-FUNGIBLE... if they were selling Tether in exchange of banking fiat coming from dubious individuals/corporations, those funds were not really worth their face value because you are assuming a risk (that finally materialised) that the funds gets frozen later.

That's the reason even people (not only governments/banks) do require reasonable KYC on the origin of funds for big purchases, because you could end up without the sold good plus the obtained funds seized on a later date.

We only know that one point in time it was backed and that was done by a law firm which was only allowed access to the balance but not the books. Shady but they did prove they had the cash at that one point in time.

That's not enough evidence for ME. I can't say I know that just because of a third party dubious appraisal. In fact neither could they (not enough information and redundant verifications). And also that cash was already hindered from the origin so it was never worth its face value (which is my main point here).

I can have a barrel full of (real) notes but if the origin of them is dubious it is almost (unless I manage to launder them, which has a very significant cost) as if I had nothing. Which is exactly what happened to Tether when it got a big chunk of their funds locked.

I didn't say they were legitimate in any way shape or form. I only stated that at one point in time they did have backing for all issued coins.
Shady but true.

So the consensus I've read is this facebook coin Libra is going to 'help' Bitcoin in its role as a 'store of value'. Does everyone buy this?

Just curious. I could see this 'maybe' if the facebook wallet for Libra would also allow the use of another crypto like BTC/LTC/ETH etc, etc.

that, however, seems very unlikely.

I still like the fact that it is $10 million dollars a 'node' to run the blockchain network for this Libra coin by facebook.

Also heard on NPR today that this coin will allow for tracking your spending and personal data, etc, etc. That seems 'convenient' as hell.

anyway, was wondering what folk think in the WO board here on bitcointalk?

whatever crypto always drama!

brad

It should help legitimize Crypto to a shit-ton of Plebs by extension so it is a good thing in that sense.
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June 19, 2019, 04:14:14 AM

What an assholish thing to say.

Look, you came in here telling people to "stfu" when it came to roach. Which is ironic because now you can't shut up about him. You don't understand how the forum rules work, just humbly accept that. Nobody can censor roach except for infofront. He's clearly not going to be banned from the forum, so it really doesn't matter what any of us think.

Once again you change the subject  Roll Eyes

Not ironic; I don't care about him or what he says (you should try it); if anything, I use my brain and reaffirm my arguments against him. Don't be such a pansy. You mocked me, patronized me, all because I called out the ridiculousness of people complaining about someone they can completely ignore. You can ignore me, just like I'm putting you on ignore. Yes, I am an asshole, and so are you (probably most of us here, whether we admit it or not), and the fact that you are legendary shows just how far this thread has fallen over the last 7 or so years I've been a part of it.

Now I remember why I stopped coming here; if you're not part of the echo chamber, you're told to gtfo and your opinions are invalid (to get off of roach, jbreher has been subject to this multiple times)... it's pathetic.

ignoring Roach is ignoring knowledge, wisdom, politics, manipulation and many other things.
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June 19, 2019, 04:19:34 AM

Nobody is censoring anybody. That's a basic misunderstanding you have. Flags don't censor people, neither do tags for that matter.

Haha, I'm sorry you keep losing the argument and have to continually change the focus of this conversation. It's like arguing with my girlfriend when she knows she is wrong, eye rolls included.

Who gives a shit about flags and tags (why even bring them up?)? People are literally asking for roach to be banned and/or his posts deleted because they disagree with him and find him annoying. If that's not censoring, tell me your definition of it so we're on the same page.

I'm not sure if you're trolling, or (sadly) just can't see it.

What an assholish thing to say.

Look, you came in here telling people to "stfu" when it came to roach. Which is ironic because now you can't shut up about him. You don't understand how the forum rules work, just humbly accept that. Nobody can censor roach except for infofront. He's clearly not going to be banned from the forum, so it really doesn't matter what any of us think.

I know that some peeps don't like roach, but I thought that the most recent flag against him was merely to warn newbies (and I suppose others) about him - not to get him banned or to get his post deleted - even though some peeps would not mind achieving that either. 

Of course, roach seems to go on a bit of a worse spouting of nonsense from time to time, but his nonsense doesn't really seem to be getting any worse - maybe running out of shock value, and lots of folks don't likely read his posts in detail - maybe skim them from time to time, including yours truly.   Wink

By the way, sometimes I believe that some of Roach's posts are allowed to stand that should be deleted - but of course, discretion is going to differ from person to person, and overall, infofront does seem to strike a decent balance with his largely hands-off style, and largely leaves it to us to tell roach to fuck off or to ignore roach or whatever other variation of interaction with roach (or not) that we might individually choose.
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June 19, 2019, 04:28:45 AM

Careful with your OpSec kenzawak, my friend. I do enjoy your journeys though, just stay safe Smiley

Checking my ip logs at least twice a day but you're right, you never know, I need to be careful.
Thanks for looking out !

Yeah, 99% of people on this thread are probably absolutely fine. There’s always a couple of cunts everywhere though.

Thats why on the eight day God said "Thou shall provide an ignore button, that is all"

Work on your reading skills Hueristic!!!!!!!!!!!    Angry Angry Angry


Sometimes I get a decent amount of pleasure to boss around other WO peeps, even if they don't listen to me,  no matter what I say.   Cheesy Cheesy Cheesy Cheesy

Anywhooo.... If you had read the contents of the posts that you responded to, you should have noticed that LFC and kenzawak are NOT discussing the kind of "fine" or "NOT fine" that the use of an ignore button will rectify.

They are referring to someone who might be involved in this thread to violate the opsec of privacy of other members - which is not affected by use of the "ignore button."

Actually, I would assert that way more than 99% of the peeps here don't give two shits about attempting to invade the privacy of the personal lives of other members here, but there is an industry that goes around and targets various individuals, and likely they would target the individuals with weaker opsec.. or if they can find any possible exploitable chink in the armor.
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June 19, 2019, 04:38:54 AM

Careful with your OpSec kenzawak, my friend. I do enjoy your journeys though, just stay safe Smiley

Checking my ip logs at least twice a day but you're right, you never know, I need to be careful.
Thanks for looking out !

Yeah, 99% of people on this thread are probably absolutely fine. There’s always a couple of cunts everywhere though.

Thats why on the eight day God said "Thou shall provide an ignore button, that is all"

Work on your reading skills Hueristic!!!!!!!!!!!    Angry Angry Angry


Sometimes I get a decent amount of pleasure to boss around other WO peeps, even if they don't listen to me, anyhow.   Cheesy Cheesy Cheesy Cheesy

Anywhooo.... If you had read the contents of the posts that you responded to, you should have noticed that they are NOT referring to the kind of "fine" or "NOT fine" that the use of an ignore button will rectify.

They are referring to someone who might be involved in this thread to violate the opsec of privacy of other members - which is not affected by use of the "ignore button."

Actually, I would assert that way more than 99% of the peeps here don't give two shits about attempting to invade the privacy of the personal lives of other members here, but there is an industry that goes around and targets various individuals, and likely they would target the individuals with weaker opsec.. or if they can find any possible exploitable chink in the armor.

Meh, I was trying to make a funny. Anything said in an open forum should be weighed v/s what OpSec level you wish to achieve. There is no way you can change that and actually thinking you could would adversely effect your ability to reach that unattainable goal by giving yourself a false sense of security which inevitably leads to lowering your guard. Now if you feel that someone is plying you for more information than you should be sharing then the ignore button is your friend. Wink
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June 19, 2019, 04:40:17 AM


I find the participation of these nonprofits interesting:

Quote
Nonprofit

Women’s World Banking – uses a network of 40 independent micro-finance institutions and banks provide support to entrepreneurs in the underdeveloped world with an emphasis on women

Kiva – 501 non-profit organization that allows users to lend money to low-income entrepreneurs in over 80 countries through its platform

Mercy Corps – global humanitarian aid organization that provides support to regions hit by disasters, whether they be economic, environmental, social or political

Also the fact that both Uber and Lyft are onboard, but nobody else running 'the sharing economy' such as AirBnB, et al.

“Participation” probably means they have signed an MOU to accept donations in Libra.  Free money - what do they care.
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June 19, 2019, 04:41:48 AM

“Participation” probably means they have signed an MOU to accept donations in Libra.  Free money - what do they care.

It's not like every scam coin ever hasn't used this method to shill its warez.
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June 19, 2019, 04:43:17 AM

Basically, libra (which would be based only on usd, eur, pounds and yen) would decimate local currencies. If used broadly, why would anyone use local? Binance research suggests something similar, but in a wrong direction.

If you earn USD, why would you want to take (partial) FX risk on yen, pounds and euros?
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June 19, 2019, 04:46:06 AM

They are reinventing the Tether scam. A crypto pegged to FIAT. Nothing to see here.

But one difference with Tether is that Tether is not a scam.  Tether is actually used (and that is why tether get's so much hate in the media, including gov'ts and financial institutions), as contrasted with the vast majority of the other allegedly "stable" coins.

Tether was fully backed by collateral deposits. Until it wasn't.

Tether was so not a scam. Until it was.

In regards to Tether, you are spouting out the mainstream media line too?  For what purpose?  Do you even understand what is going on in regards to the threat that tether seems to pose towards mainstream and that is largely fueling the misinformation and exaggeration campaign regarding it?

Do you work for bitfinex? You've been making excuses for them for years now.

They claimed they were fully capitalized. Until they were forced to admit they were not.

It's really not that hard to detect their dishonesty. I really don't need to point out anything more than that.
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June 19, 2019, 04:47:28 AM
Merited by Last of the V8s (1)

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do I win a cookie?

Yes

You can collect it at 1008 Argyle Street, Finnieston, Glasgow. 


Go up to the bar and ask for the cookie from Hairy.
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