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

[kenzawak]

https://twitter.com/BinanceResearch/status/1148602494362226688

[Biodom]

Bitcoin crosses 64% dominance on cmc

The relentless Agony of the Alts...

Very nice to see on cmc a sea of red except for BTC.

And speaking of alts, (yeah, sorry bout that)....
....the winner of pop and flop shitcoin-of-the-day is.... Egretia   <prolonged whoopee cushion sound>

I am so badly disillusioned by shitcoins I don’t think I am capable of taking any blockchain project seriously.  And that’s probably not a good thing, because if something genuinely good does come along I will probably just reject it out of hand.

I am not disillusioned with a specific comment that some are a mess, some too self-dealing and others are not even "real" crypto.
The downswing in alts had happened before and I am not sure if market dynamics favors just one coin.
Typically, in most other markets, there are at least a few dominant players (maybe FB and GOOG are the exceptions). We shall see.
I am certainly not selling any bitcoin for alts.

[infofront]

If you happen to read this thread (sarcasm intended), you would notice that consensus, to the extent that there is such a thing or that it matters, seems to be more in the early 2021 time frame....

Lets find out. New poll time!

Old poll results:

[JayJuanGee]

It is just a game of risk management.

You buy some risky assets, some less-risky assets, some solid assets, some barbaric relics... All has its spot in the game.

Sounds about right to me. I always get a chuckle on these boards when posters (present company excluded of course) recommend diversifying and their idea is to buy as many different tokens as possible.

There is some validity to diversification, but the concept is taken to an extreme with shitcoins, and there seems to be hardly any justification to diversify into shitcoins.

Another thing, the concept of diversification is to attempt to diversify into assets that are not likely to be correlated and represent some fundamental differences.  Frequently altcoins are merely following bitcoin, so they are not really a different asset class.

Finally, there is a pretty god damned low probability that any altcoin would be able to take over the slack if bitcoin were to fail, and so a justification to diversify into a world of altcoins based on a kind of bitcoin failure theory has a very faulty premise.

I am not opposed to people coming to their own conclusions regarding what kind of diversification would be good for them based on their personal situation, and I understand the temptation to completely diversify out of traditional investments; however, if an employer offers any kind of 401k, it would likely be a good idea to invest into such 401k at least up to the matching funds (if matching exists) and perhaps up to the tax deferrable limit, but that might be a question of how much money would be left to invest into bitcoin, because most young people should consider having some investment into bitcoin, even if such bitcoin investment only ends up being 1% to 10% or so of their total investments.

[JayJuanGee]

If you happen to read this thread (sarcasm intended), you would notice that consensus, to the extent that there is such a thing or that it matters, seems to be more in the early 2021 time frame....

Lets find out. New poll time!

Old poll results:

hahahahahaaha



Good one, infofront.

You are going to double down regarding theories of consensus....     

[infofront]

That's my style Jay!

[mindrust]

Firrrssst!

[Cryptotourist]

New poll time!

Suggestion:

"What happened in r0achie's childhood?"

a) His mother threw him out.
b) Got gang banged from every hole in da hood.
c) Was mislead by a Jew.
d) Was mislead by a woman.
e) A Nazi lover gave him his education.
f) All of the above.
g) None of the above, he is just a dick.

Edit: Too late, maybe next time.

[yefi]

Lets find out. New poll time!

Difficult to know what constitutes the end of a bull? Was 2013 two bull runs or one? Well if two, I'll plump for H2 2019.

[infofront]

Lets find out. New poll time!

Difficult to know what constitutes the end of a bull? Was 2013 two bull runs or one? Well if two, I'll plump for H2 2019.

Yeah I wavered a bit on how to word it. I dunno

[kurious]

Lets find out. New poll time!

Difficult to know what constitutes the end of a bull? Was 2013 two bull runs or one? Well if two, I'll plump for H2 2019.

Yeah I wavered a bit on how to word it. I dunno

Do we only know afterwards, when it crashes by 85%?

[fillippone]

https://twitter.com/BinanceResearch/status/1148602494362226688

Binance research is following this thread!

https://bitcointalk.org/index.php?topic=178336.msg51760830#msg51760830

[kurious]

https://twitter.com/BinanceResearch/status/1148602494362226688

Binance research is following this thread!

https://bitcointalk.org/index.php?topic=178336.msg51760830#msg51760830

Where else but the WO for proper analysis?

[fillippone]

https://twitter.com/BinanceResearch/status/1148602494362226688

Binance research is following this thread!

https://bitcointalk.org/index.php?topic=178336.msg51760830#msg51760830

Where else but the WO for proper analysis?

Indeed.
In addition our analysis are for the sake of s better enlightenment of world minds, not driven out of filthy lucre.

[JayJuanGee]

Lets find out. New poll time!

Difficult to know what constitutes the end of a bull? Was 2013 two bull runs or one? Well if two, I'll plump for H2 2019.

Yeah I wavered a bit on how to word it. I dunno

Maybe there could be a kind of time period in there that would have to come after the ATH in order for that ATH to be considered the top of such a cycle?

So, for example:

"When do you believe BTC will reach its highest point in its next ATH top (in which at least a one year period of lower prices follows before BTC next reaches another ATH)?"

Of course, you could change that following price period, but 1 year should work in a vast majority of cases in order to give a sufficient period time for a reset, so in 2013, there were two tops and a less than a year intervention (something like 9 months between 2013 tops that were in early April and late November), so in 2013 the second top would count as the top for that period because there was less than 1 year intervention between reaching ATHs, but after the December 2017 peak, we have had more than 18 months of intervening period without experiencing another ATH.... meaning that we are in reset mode... reset for another ATH, but questioning details as to when (or if) that next ATH will come or how it will play out, exactly? 

Of course, no poll is going to be perfect because we have to make a best guestimate kind of choice, based on the wording.

[kurious]

For me I do think we might have two runs - since we seem to be ahead of the fractal... but the real one will still be a year after the halvening, so 2021.  And as is traditional, probably December.

[sirazimuth]

Where else but the WO for proper analysis?

tea leaves? reading goats entrails?.... or how about that magic eight ball thingy?

[fillippone]

If you happen to read this thread (sarcasm intended), you would notice that consensus, to the extent that there is such a thing or that it matters, seems to be more in the early 2021 time frame....

Lets find out. New poll time!

Old poll results:

Weren’t an idea of next minimum positioning (price/time) getting traction?

[HairyMaclairy]

It is just a game of risk management.

You buy some risky assets, some less-risky assets, some solid assets, some barbaric relics... All has its spot in the game.

Sounds about right to me. I always get a chuckle on these boards when posters (present company excluded of course) recommend diversifying and their idea is to buy as many different tokens as possible.

You won’t get many people, if any, saying that here

[Raja_MBZ]

https://twitter.com/Rhythmtrader/status/1148652161045270528

As of block 584,640, 84.8% of all #Bitcoin have been mined.