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

[Biodom]

OK, made by own "2017 vs 2019" overlay:

About 80K 2019 local top...I can live with that  
I am already seriously jealous of some countries (Germany), citizens of which do not pay any capital gains if they held corn for more than a year.

[Toxic2040]

So we all need to move our coins to legacy addresses?

I have no knowledge if this is a thing or not. Hell of a rumor to start however if you wanted peeps on one side of a fence or another is what I am thinking.

[JSRAW]

[Toxic2040]

Ok..after gazing at the charts for a bit..here you go.


Bitcoin continues to draw support off of the 0.5 long fib as we near a consolidation phase much needed for indicators to 'relax' somewhat. That being said, we also are seeing that late monthly buying trend still in play.
In a perfect world I imagine the price continuing the bull walk until around the 29th of June and then beginning consolidation efforts during the coming long holiday weekend at the first part of July.

I think most of you are aware by this point that it is not a perfect world so I would suggest you #dyor

So to sum it up, no..the baby bull market is not just going to suddenly turn itself off today but there will be times of consolidation.


1h


4h


D

#stronghands'19

[JayJuanGee]

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

Troll alert.

Hmm... 90% of your posts across a 3 year history are talking about 1 or 2 users. There's something funny about your account.

Oh, that's right, you're this guy:

From the author

Hungry desire to feel relevant much? What was the story behind that guy anyway... Let's have a small reminder and feed the troll at the same time (who is in no way here on the forum posting in this very thread I'm sure   ):

Keep in mind this is a guy that at one point asked the mods to ban or disable his account to make him stay away. I think that was the anonymint one. Then he came back later with I think at least one other account prior to the iamnotback though I can't remember what that one was as it was well over a year ago. He has some inciteful things to say at times if you can strip away all the nutty stuff but much of the time he just comes across as a raving nutcase. Some of the stuff he's said recently, like how bitcoin was about to crash (I think it was over a week ago), how segwit had been defeated on BTC and LTC, just makes it hard to take him seriously...

Nothing has changed in 2 years apparently.

Yeah... we just WUV hearing what banned ex-forum members have to say on the regular.    Thanks Traxo.

[VB1001]

#bitcoin $11,000 and relative strength index RSI 68
red -> green -> .. blue!

https://twitter.com/100trillionUSD/status/1143195872022257664

[Febo]

OK, made by own "2017 vs 2019" overlay:

It is totally possible. I started speculate that we will have two bull runs in this cycle same as it was in 2013. April and November runs.   So we reach ATH of this run at end of this or beginning of next year and then crash. I doubt there will be a 80% crash. And a year latter we have the final bull run of this 2020 halving Bitcoin cycle.

[JayJuanGee]

So we all need to move our coins to legacy addresses?

I have no knowledge if this is a thing or not. Hell of a rumor to start however if you wanted peeps on one side of a fence or another is what I am thinking.

The BIG blockers have gotten on this kind of Shelby/annuymint  dumb ass talking point for at least a year and a half now, in some kind of desperate attempt to stifle segwit adoption by propagating baloney pie in the scenarios that are largely just nonsubstantiated FUD spreading campaigns.

[Biodom]

OK, made by own "2017 vs 2019" overlay:

It is totally possible. I started speculate that we will have two bull runs in this cycle same as it was in 2013. April and November runs.   So we reach ATH of this run at end of this or beginning of next year and then crash. I doubt there will be a 80% crash. And a year latter we have the final bull run of this 2020 halving Bitcoin cycle.

I am of the same persuasion (two peaks as in 2013): https://bitcointalk.org/index.php?topic=178336.msg51518490#msg51518490
The gist of it: up to 65K (in 2019, early 2020), down to $16.7K (before halving), up again to $300K.
Perhaps, this would emerge as WO "prediction" consensus.

[eddie13]

$300K.

I think it could hit as low as 3k

hodl for 300k

Hmmm hmm hm hmm

[Agapios]

$300K.

I think it could hit as low as 3k

hodl for 300k

Hmmm hmm hm hmm

eddie13 i kind of like you

[infofront]

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

[rdbase]

Bitcoin -Gotta Cash 'em All! By Jason Paige-The Original Pokemon Theme Singer
https://www.youtube.com/watch?v=br-6BKGEPZE



This outta get the price to pump up past $12,000 in no time!

[actmyname]

The BIG blockers have gotten on this kind of Shelby/annuymint  dumb ass talking point for at least a year and a half now, in some kind of desperate attempt to stifle segwit adoption by propagating baloney pie in the scenarios that are largely just nonsubstantiated FUD spreading campaigns.

I love empty 2 GB blocks.

[JayJuanGee]

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

Another set of downsides is that you are not supporting segwit, increasing the likelihood of a segwit attack through your nonsupport and supporting the FUD spreaders predictions by doing what they want you to do..  You can do what you want, but don't you find it a bit problematic to try to get others to do the same, especially when it remains a kind of attack on bitcoin's current direction involving segwit and based on incomplete information of BIGblocker FUD spreaders?

[JayJuanGee]

The BIG blockers have gotten on this kind of Shelby/annuymint  dumb ass talking point for at least a year and a half now, in some kind of desperate attempt to stifle segwit adoption by propagating baloney pie in the scenarios that are largely just nonsubstantiated FUD spreading campaigns.

I love empty 2 GB blocks.

Maybe I am missing something.

Bitcoin is not empty, right?

In recent times, Bitcoin has been having a lot of on chain transaction, yet fees remain relatively inexpensive with decently quick transaction times.  

Bitcoin is doing pretty good in the whole scheme of things, especially being an open source project that is largely incentives based with increasing and increasing networking effects on a variety of levels - that also includes increasing adoption too... Can't really complain about any of that, right?

[infofront]

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

Another set of downsides is that you are not supporting segwit, increasing the likelihood of a segwit attack through your nonsupport and supporting the FUD spreaders predictions by doing what they want you to do..  You can do what you want, but don't you find it a bit problematic to try to get others to do the same, especially when it remains a kind of attack on bitcoin's current direction involving segwit and based on incomplete information of BIGblocker FUD spreaders?

So, if I keep my cold storage coins in a legacy address, how does the affect anyone but me?

Attacking segwit isn't going to accomplish much at this point anyway. That battle was already fought, and the pro-segwit side achieved a major victory. I agree that any negatives about segwit will remain big blocker talking points, as they try to make BTC look weak. That doesn't mean there aren't still legitimate criticisms of segwit, and lightning, for that matter.

[serveria.com]

Hahahaha this is hilarious! 

[Searing]

On August 24, 2018 I called for Bitcoin to drop 50% to $3k before rallying back over $10k.

That call was deadly accurate and allowed Morgan Creek Digital to buy the dip.

Here is my next price target.

offthechain.substack.com/p/bitcoin-is-l…

https://twitter.com/apompliano/status/1143131557827211266?s=21

The POMP is one of my favourite crypto peeps on Twitter.
I think $100,000 6 months earlier but we will see -

Damn, I hope you correct. If Bitcoin gets to around say $20k even by the middle of next Summer, I think my head will explode.

Not sure which is worse though, limiting my expectations on price, the price pumps and I am confused. Or thinking the price is gonna pump past the ATH

with the 'heady" adrenaline rush of 'fear' 'panic' and damn...now wtf do I do? Sell/Hodl/Panic?

sh*t at least my life is 'exciting' with crypto in the recesses and windmills of my mind.  

Stuff to do.

Bitfinex to introduce 100x leverage...

The Rogue Wave and coming nosebleed ATH and collapse of Core BitcOn (perhaps to ~$775 at the halving).

So we all need to move our coins to legacy addresses?

The downside to keeping hodl stash/cold storage coins in legacy addresses is that you'll probably have higher transaction fees when you finally move them.
The upside is that you'd avoid any potential segwit based attacks on bitcoin, like if miners decide to take all the segwit coins.

So, I guess you have to balance the estimated future fees for non-segwit transactions with the estimated potential for miner theft.

Another set of downsides is that you are not supporting segwit, increasing the likelihood of a segwit attack through your nonsupport and supporting the FUD spreaders predictions by doing what they want you to do..  You can do what you want, but don't you find it a bit problematic to try to get others to do the same, especially when it remains a kind of attack on bitcoin's current direction involving segwit and based on incomplete information of BIGblocker FUD spreaders?

So, if I keep my cold storage coins in a legacy address, how does the affect anyone but me?

Attacking segwit isn't going to accomplish much at this point anyway. That battle was already fought, and the pro-segwit side achieved a decisive victory. I agree that any negatives about segwit will remain big blocker talking points, as they try to make BTC look weak. That doesn't mean there aren't still legitimate criticisms of segwit, and lightning, for that matter.

Exactly where I'm at with all that.

Also, I've kept the BCH and BSV stuff on my legacy addresses. In the United States, if I don't touch the stuff, no taxes. As soon as I touch this 'moon drop' of many bitcoin forked coins

(BCH/BSV/BTC, etc) Then I pay 'capital gains' on when it hit my bitcoin legacy addresses from the sky. So, not an ideal situation, but why I've held on to BCH and BSV, etc and not

stripped them from my legacy wallet. I dread someday with an audit having to explain Bitcoin/Altcoins/Forked Coins/ICO's etc to an IRS person. A year ago on an unrelated crypto

tax question I called the IRS to ask about something and off hand I asked how many IRS folk were working with the IRS representative answering the phone in that IRS center.

She said 100 plus. I asked her if anyone there could answer any IRS type tax questions on crypto and/or Bitcoin, etc. She was gone for quite a bit, so I think she really worked

the room, but NO ONE knew anything at that IRS call center on how all this crypto/BTC works. Anyway, as an aside.

But back to the point you state, there are more than a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.

Brad

[Toxic2040]

So, if I keep my cold storage coins in a legacy address, how does the affect anyone but me?

Attacking segwit isn't going to accomplish much at this point anyway. That battle was already fought, and the pro-segwit side achieved a decisive victory. I agree that any negatives about segwit will remain big blocker talking points, as they try to make BTC look weak. That doesn't mean there aren't still legitimate criticisms of segwit, and lightning, for that matter.

I agree with this with the caveat that 'legitimate criticisms' are one thing and fud another. Basic game theory indicates a extremely low probability that miners would attack and destroy long term gainz for short term gainz. Because that is what would have to happen for such an attack to be effective. The entire crypto ecosystem would have to collapse permanently...not just bitcoin. Everyone would lose faith in decentralized stores of value.

Now could there be and are there bad actors? Maybe...but imo simple extrapolation indicates a zero sum game for this attack vector.