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

[JayJuanGee]

2017 version of my better half: "Why you did not sell [some number] at 10K, you promised, you promised."
2019 version of the dialogue: "Should I, hon?" "Oh, no, keep it, don't you dare."
Got myself a "keeper"   .

it's possible that he sold some calls...I distinctly remember him selling some puts before (not sure if it worked out or not).

You referring to Trace Mayer, Biodom?  

Are you suggesting that he is talking his book?  or his analysis is off in some kind of way?  

Personally, I would suggest that Trace Mayer's analysis is off because it seems to suggest a kind of gradualism in the coming months and even years.  I know that he is showing how fair value progresses, but bitcoin does not tend to progress in any kind of short-term gradualism.

Perhaps, the former, but maybe also the latter as you discussed.

Trace doesn't really strike me as a guy who talks his book.  I mean he got in when the price was in the single digits, and I believe, even fractions of a dollar, so I get the sense that he has quite a surplus of wealth in the sense that additional wealth is not something that motivates the way that he talks about bitcoin, except to mostly be a bull.  There is a bit of sense that he might be suggesting that BTC's market is a little bit overheated at the moment. 

Even the price points that he mentioned in his chart, left out December 2018, which would show BTC bouncing from an even more dire situation to its current over-exuberant status , which again show how wild, outrageous and quasi-unpredictable bitcoin can act.  It is quite possible that bitcoin goes into a kind of "very overvalued status" (which would be light blue), and then corrects back down to get a second bubble post halvening.. which would make sense in a kind of early and late 2013 scenario playing out over the next two calendar years.

I think that Trace Mayer is no dummy, so he recognizes the vast array of possibilities, and likely mostly HODLs through the vast majority of these price UPs and DOWNs while skimming some profits off of the top, here and there to support whatever living expenses that he has and any extra business ventures that he considers getting into on the side of his having fun with ongoing bitcoin evangelism activities.

Trace talks his book. e.g. runtogold.com

Fair enough...

I do find Trace to be a quite credible and informative source.  Of course, any person is going to have some of their biases based on personal experiences, but overall Trace provides a lot of good, credible and thought provoking bitcoin related information.

Also, don't get me wrong, I don't believe in sorcerers, so I am willing to take any person with a decent grain of salt, even though I do tend to find some people to be more credible than others. 

I will admit that one thing that bothers me about Trace is his tendency to expect people to have more time and abilities than they have to protect their wealth in various kinds of ways in that regard he is likely a lot more anti-government and libertarian than me, but I do not necessarily need to agree with someone completely in terms of their various ideologies in order to find a lot of value in their representations of fact, logic and speculations about such facts and logic.

[marcus_of_augustus]

Trace talks his book. e.g. runtogold.com

Fair enough...

I do find Trace to be a quite credible and informative source.  Of course, any person is going to have some of their biases based on personal experiences, but overall Trace provides a lot of good, credible and thought provoking bitcoin related information.

Also, don't get me wrong, I don't believe in sorcerers, so I am willing to take any person with a decent grain of salt, even though I do tend to find some people to be more credible than others.  

I will admit that one thing that bothers me about Trace is his tendency to expect people to have more time and abilities than they have to protect their wealth in various kinds of ways in that regard he is likely a lot more anti-government and libertarian than me, but I do not necessarily need to agree with someone completely in terms of their various ideologies in order to find a lot of value in their representations of fact, logic and speculations about such facts and logic.

I'd agree with all that.

[JayJuanGee]

Yeah... right roach..       you sure are the smartest mother fucker in the room.   


I would trust you to advise me about what does and does not have value in terms of present value and future value.






#NOT/

[Dabs]

It's impossible to defeat metals on Exter's pyramid. But who else uses a defunct pyramid except gold bugs? It's dead ...

[realr0ach]

Here JayJuanGee, you can print this and put it up on your wall to pretend you own some type of assets:

[eddie13]

I saw it here first so....
Thoughts? https://bitcointalk.org/index.php?topic=5158097.0

[realsteelboy]

Break up or break down?

I’m going up 3am GMT

[marcus_of_augustus]

Gold relics, please catch up:

1) intrinsic value is now a bygone myth (like the heliocentric universe) since the subjective theory of value was formally established.

2) corporeal is a well-established legal term, to mean not intangible. Corporeal obviously encompasses bitcoin private keys (electronic or magnetic arrangements on digital media or seed phrases and written words on paper or other media). I.e. cryptographic keys are substantial and the possessor of the substance of the physical bitcoin private keys controls the value encumbered upon those keys.

3) bitcoin keys have been demonstrably proven in the market place as an effective physical, non-fiat, bearer instrument, the purest form of money invented to date. In cannot be uninvented, the next iteration will not be gold but likely something even further removed from rocks dug out of the ground to be used as a value transfer and storage information technology.

4) gold is not dead but the writing is on the wall, it will eventually become a monetary relic, like cowry shells, rai stones, wampum shells, tally-sticks, continental notes, silver, copper, nickel and fed res. debt promissories. All that will not happen overnight. You have time to dyodd.

[BitcoinNewsMagazine]

Symmetrical triangle forming. Usually the break out is in the direction of the existing trend but with bitcoin there are no guarantees:

[Toxic2040]

[GreatArkansas]

Just saw this 

[HI-TEC99]

Break up or break down?

I’m going up 3am GMT

 

Or it could do a sideways bart / inverse bart for months.

[jojo69]

well, there's a breakout of BNM's triangle already

[Hueristic]

You think having a botnet of real Bots is a bad idea?

Quite. But also very hard to see how the economic and business models will ever stack up.  

They are looking to recoup maintenance cost but I don't think they will unless something drastically changes. If they break even then they will be happy.

But its added decentralized security for the network and LEA supporting Crypto so it's a Win Win in my book.

[Last of the V8s]

how do they stop bullets again

[Syke]

Break up or break down?

I’m going up 3am GMT

It's going up.

[Hueristic]

It's good to see that we're at 10790, it's the second time that he's trying to break into more than 11,200.




https://twitter.com/lopp/status/1142864831613153286

Here's the info.

[bitcoin-dev] PSA: Upcoming disclosure of pre-v0.17.1 vulnerabilities
Luke Dashjr luke at dashjr.org
Sat Jun 22 23:42:52 UTC 2019

    Previous message: [bitcoin-dev] New BIP - v2 peer-to-peer message transport protocol
    Next message: [bitcoin-dev] OP_SECURETHEBAG (supersedes OP_CHECKOUTPUTSVERIFY)
    Messages sorted by: [ date ] [ thread ] [ subject ] [ author ]

Two relatively minor vulnerabilities will likely be disclosed sometime soon.

The first vulnerability, CVE-2017-18350, was introduced in v0.7.0 (released in
2012 September), and affects all versions released until the fix was included
in v0.15.1 (released in 2017 November). No versions prior to v0.15.1 are
expected to be fixed.

The second vulnerability, CVE-2018-20586, was introduced in v0.12.0 (released
in 2016 February), and affects all versions released until the fix was
included in v0.17.1 (released in 2018 December). As of today, this fix has
NOT been backported to older versions. When/if v0.15.3 and v0.16.4 are
released, they may also include a fix, but due to the minor severity of this
vulnerability, it does not merit a dedicated release on its own. (The git
branches are also NOT fixed at this time.)

Please be sure you have upgraded to a fixed version no later than August 1st.

[dyask]

^Nobody needs to see retard drivel and lies claiming metals are not tangible and bitcoins are.  Cry and lie as much as you want, it's 100% impossible for imaginary, valueless, designed to centralize, permissioned ledger digital shitcoins to defeat metals on Exter's pyramid.

Ha!  I just pointed out that the "tangible" gold hasn't even kept up with inflation ... So much for that tangible investment.

The real value story for gold is it will be great if the world faces some major catastrophe.   The problem with that thinking is that anything that major will wipe out most people no matter how prepared they are.   That isn't a world I want to live in.

[BitcoinNewsMagazine]

well, there's a breakout of BNM's triangle already

I like to see a thirty minute green candle completely above the triangle to confirm the breakout.

[btcbeliever]

Hey we just started a 7th daily candle, that are all green so far.  If this 7th candle closes out green, will that be some kind of record for most consecutive daily green candles?