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

[serveria.com]

Hahahaha this is hilarious! 

[1715120170]

1715120170

[1715120170]

1715120170

[1715120170]

1715120170

[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.

[Last of the V8s]

I love empty 2 GB blocks.

What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days

not so much empty as filled with crap. lots of it.

[d_eddie]

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

About 80K 2019 local top...I can live with that  

... and if the overlay is true to details (which of course it isn't), the lowest retrace would be to ~9.5k.

[actmyname]

I love empty 2 GB blocks.

What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days

Beautiful. That's worth the hundreds in disk space that I have to pay for to maintain my blockchain history. I love keeping track of the weather.

[BinaryReign]

I love empty 2 GB blocks.

What people fail to realize is a paid subscription service that copies data hourly from an existing website (http://OpenWeatherMap.org ) and pastes it into BSV blocks accounts for 98.4% of BSV transactions over the past 30 days

not so much empty as filled with crap. lots of it.

Have a merit for beating me to it! I was just trying to decide how to bring attention to that, it’s hilarious  

https://thenextweb.com/hardfork/2019/06/24/bitcoin-satoshi-vision-bsv-activity-transactions-weather-cryptocurrency-blockchain/

[Biodom]

...a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.

Safety deposit box in a bank?
A historical reference:

FDR EO 6102
https://en.wikipedia.org/wiki/Executive_Order_6102

https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered

[Last of the V8s]

https://bitcointalk.org/index.php?topic=5158045.0
We got a haiku
 maestro over here and it's
   not even Sunday.

[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?

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 said my piece already, so no need to repeat further (at this time) and I will likely engage with anyone spouting out anunymint nonsense talking points.. so let's see where it goes. 

Hopefully, it is largely a dead topic, but I doubt it.. these kinds of nonsense anti-bitcoin talking points do seem to come back to life on a fairly regular basis.. like freddy krugger from nightmare on elmstreet or michael myers or jason in friday the 13th

[El duderino_]

buying the dips is for noobs, short-termers and suckers ...

... round here we accumulate bottoms ...
 
and hats.

Wtf is your HAT I know comrade XhomerX Made you one.... Maybe if you like he can fix a 3D one

[El duderino_]

https://bitcointalk.org/index.php?topic=5158045.0
We got a haiku
 maestro over here and it's
   not even Sunday.

Haha indeed

[Searing]

...a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.

Safety deposit box in a bank?
A historical reference:

FDR EO 6102
https://en.wikipedia.org/wiki/Executive_Order_6102


https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered

Well, I figure by the time society/Gov't is after me and it is that far gone, it won't matter. I also figured that IF a meteorite takes out my bank, well the crypto gods hate me!

I 'suppose' I should make a copy to another bank in another state, in case of the 'Zombie Apocalypse'

What you state above, does not really matter in my case, in that when BTC was evil in 2013 my bank manager informed the SEC I was an 'evil crypto trader' in that in 2013

all BTC was for drugs/hookers/etc. Thus at least for 2 weeks going into the bank before the SEC guy phoned and had a meeting about this. I was a 'true' desperado with

all the side looks and side talk when I went to the bank to do my business. I cleared it all up with my mining CPA signed Tax Return of 2014, made the bank manager look

like an Idiot. Thus have been 'legal as hell' from that point on.

So I'm afraid the powers that be already have my number, in that I had to tag my bitcoin addresses etc to my

taxes (at least in my own files). Thus, doomed.

I will, however, let everyone else know when the above as you state happens so others can flee. Alas. My fate is likely sealed.

Brad

[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 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 said my piece already, so no need to repeat further (at this time) and I will likely engage with anyone spouting out anunymint nonsense talking points.. so let's see where it goes. 

Hopefully, it is largely a dead topic, but I doubt it.. these kinds of nonsense anti-bitcoin talking points do seem to come back to life on a fairly regular basis.. like freddy krugger from nightmare on elmstreet or michael myers or jason in friday the 13th

I don't feel like debating all that again either TBH.

In other news: it's strangely silent here for a day where we've been poking up above $11K repeatedly.

[cryptjh]

Bitcoin’s True Market Dominance
Analysing Bitcoin’s true market dominance shows that Bitcoin has Pareto dominance (>80%) on the market.
The Volume-Weighted Market Dominance for Bitcoin is 80% and trending up
https://medium.com/@jpthor/bitcoins-market-dominance-a9693ff604bf

[mindrust]

Dude it is mindrust,

not MindTrust 

Dude, I've also been reading it wrong this entire time. It just reads as "mindtrust" in my head, up until today. Just wanted to cross post this here instead of cluttering the raffle thread.

You are not alone. 

Saw many doing the same mistake lately.

WTF is going on here? Mindtrust, remove your negative feedback. My account isn't for sale. And I also did not got hacked, but I'm going to change my password right now, just to be sure!

Another one. 

[serveria.com]

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

You seriously think BTC can't pump $9k in a year? If it won't reach $20k by the end of this summer (ok ok end of year latest) that would mean the beginning of a new bear market and we won't reach $20k during this cycle at all. But it's so improbable and it's so NOT BTC.

[Biodom]

...a few reasons to just keep your stuff in cold storage (safety deposit box in my case) along with the segit info above.

Safety deposit box in a bank?
A historical reference:

FDR EO 6102
https://en.wikipedia.org/wiki/Executive_Order_6102


https://www.presidency.ucsb.edu/documents/executive-order-6102-requiring-gold-coin-gold-bullion-and-gold-certificates-be-delivered

Well, I figure by the time society/Gov't is after me and it is that far gone, it won't matter. I also figured that IF a meteorite takes out my bank, well the crypto gods hate me!

I 'suppose' I should make a copy to another bank in another state, in case of the 'Zombie Apocalypse'

What you state above, does not really matter in my case, in that when BTC was evil in 2013 my bank manager informed the SEC I was an 'evil crypto trader' in that in 2013

all BTC was for drugs/hookers/etc. Thus at least for 2 weeks going into the bank before the SEC guy phoned and had a meeting about this. I was a 'true' desperado with

all the side looks and side talk when I went to the bank to do my business. I cleared it all up with my mining CPA signed Tax Return of 2014, made the bank manager look

like an Idiot. Thus have been 'legal as hell' from that point on.

So I'm afraid the powers that be already have my number, in that I had to tag my bitcoin addresses etc to my

taxes (at least in my own files). Thus, doomed.

I will, however, let everyone else know when the above as you state happens so others can flee. Alas. My fate is likely sealed.

Brad

I am not talking about taxes, but an interesting story. I never used safety deposit box because i have no idea how safe it actually is (judging by the movies).

A somewhat unrelated "rant":
I think people under appreciate the difficulty (or maybe lack thereof?) of selling substantial $$ value of btc to fiat.
I intend to fully pay taxes (same Q) on whatever gains I would made when I sell, but transferring $$ from coinbase to a bank would probably require some talking to a banker first, I assume.
Bob opined before that there were no problem in his case (Gemini?), but I would approach it cautiously if and when the time comes (if ever).

[VanguardVale]

Bull candlesticks are banding along the upper Bollinger Bands setting the pace for further gains. Technically-and in light of the hype element, every low is an entry point. Safe stops would be on June 23rd low of around $10,100. Meanwhile, fitting targets is at $12,000 and later $15,000. From June 19th, trading volumes rose from 19k, peaking on June 23rd at 38k before halving to 17k. Even so, as bulls flow back, prices and trading volumes shall spike as every dip becomes a loading point for traders.

[El duderino_]

https://gallery.fitbit.com/details/7a16871b-5016-4adb-9f33-bfd793e50d4c
^