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Question: What happens first:
$65,000 - 59 (86.8%)
$48,000 - 9 (13.2%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26330516 times)
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ChinkyEyes
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July 10, 2019, 01:07:51 PM
Merited by JimboToronto (1)

Buy ALT or BTC ?


Source Twitter : @cryptopolitain

The ROI seems to be in fiat, we don't want that shit we want satoshis
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somac.
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July 10, 2019, 01:09:57 PM


The ROI seems to be in fiat, we don't want that shit we want satoshis

Spot on!
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July 10, 2019, 01:14:41 PM

A pleasant good morning Bitcoinland.

I see the slow creep upwards has continued past $13k... currently $13024USD/$17090CAD (Bitcoinaverage).

Shouldn't be too long before we see our first new AYH in 2 weeks, maybe even by this weekend, almost surely this month.

Go Bitcoin go.

I have read these pages for many years but rarely post.   Just wanted to point out that your thinking on 06/30/2014?  

You thought it was a bear trap and in fact it was the start of a long and damaging downtreand.  I have noticed after reading this thread for a long time, it does seems to be home to many hardcore bulls.  Many traders on Trading view are predicting a drop to 10 then - 9.5 the 8.5 as a large correction.

What makes you think the price will keep creeping up without any major correction?
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July 10, 2019, 01:36:52 PM

Unless btc doesnt go madly parabolic, i dont see a major correction coming up.
There could always be a catastrophic event, hack or temp ban.
On the bull side, we could have an ETF approval, new use cases, killer app, halving..
This emotional market could move either way..

But its going up for now. Call it momentum, path of less resistance, trend,... whatever.

Enjoy the ride!

Go BTC go!
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July 10, 2019, 01:38:48 PM

I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.

We need more of that shitcoin apocalypse (shitcoinlypse?)  Grin
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July 10, 2019, 02:07:46 PM

I must say, I am very happy with bitcoin's market share growing again. Currently at 66.93% on openmarketcap.com, Going to be nice when it is sitting on 70.

We need more of that shitcoin apocalypse (shitcoinlypse?)  Grin

Bitcoin goes up altcoins go down.  Bitcoin goes down altcoins go down.  I though that meant an incoming dump?

what do you think? very terrifying here.
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July 10, 2019, 02:14:38 PM

Puompiliano pumping the market!

Bitcoin Price Will Smash $100,000 by 2021 Thanks to Facebook, Says Fund Manager

Quote
“I think by the end of 2021 we’ll see it eclipse $100,000,” Pompliano said. “The important thing to remember about bitcoin is that it’s a fixed supply asset and so supply and demand economics apply. If there are increases in demand, you’re going to see the price move up.”

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“It’s really bullish for the digital currency in the sense that the more important part of the announcement is not Libra, it’s Calibra, which is the digital wallet that Facebook is reportedly going to give to hundreds of millions of people, if not billions of people.”

“That wallet I think will eventually support bitcoin, ethereum (ETC-USD), tokenized securities and even data, so you can imagine something like your medical health records being tokenized and held in that wallet. I think it’s really important moment where we give hundreds of millions of people the capacity to hold crypto currencies.”


That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.
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July 10, 2019, 02:30:27 PM

I will laugh hard when these red candle producing morons get wrecked and we climb over 13k constantly  Cool
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July 10, 2019, 02:38:10 PM

Came across this thread by chance, I can see few familiar names merited this thread but still wanna share with others. please check it out, I can assure you, It's worth it.

The most iconic bitcointalk threads. History on Bitcointalk.

Love the platypus thread

https://bitcointalk.org/index.php?topic=67933.0

A couple of comments are too good Cheesy

So much to read in the main thread. Some interesting stories, loving it.
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July 10, 2019, 02:46:59 PM

Poloniex now supports crypto-trading using bank accounts, debit and credit cards

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By connecting bank accounts, customers in over 80 countries can now deposit money into Poloniex and have it automatically tokenized into USD Coin (USDC) for trading. Similarly, customers can withdraw USDC directly into their bank accounts. The starting weekly limits are $50,000 for deposits and $25,000 for withdrawals, but these can be increased for specific customer needs.

Additionally, Poloniex has partnered with payment-processor Simplex, so customers from 60+ countries can use their debit or credit cards to buy bitcoin on Poloniex. Simplex charges a 3.5% fee (or $10, whichever is greater), and customers can purchase as little as $50 worth of bitcoin.

Customers who connect their bank accounts and deposit funds will get their fiat money automatically tokenized to USD Coin (USDC)

https://medium.com/circle-trader/poloniex-now-provides-card-and-bank-account-connectivity-for-crypto-trading-2d2cef175639
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July 10, 2019, 02:49:22 PM

I will laugh hard when these red candle producing morons get wrecked and we climb over 13k constantly  Cool

They are swimming against the current, and they cant see the tsunami coming.
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July 10, 2019, 02:51:24 PM


That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.


I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.
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July 10, 2019, 03:03:16 PM


That's' part of the story on why bitcoin is performing versus shitcoin. The money is flooding into crypto, main gateways into crypto is of course bitcoins, but contrary to what happened in last retail-led rallies, money is staying into bitcoin.
Bitcoin is the only market where the liquidity (i am referring to bid/offer, market depth and reduced slippage)  is guaranteed for this kind of investors.
I can't see any reason why a fund manager would keep any shitcoin where value proposition is basically non-existent and liquidity is scarce.


I agree, most of the alts are indeed having their lunch eaten by the BTCiggest fish.

There are scenarios which might plausibly be positive for alts:

• Some alts could be included in 'baskets' of crypto once ETFs do finally appear. Top 20 Mcap ones, maybe?   Everything else will be in the penny stocks section.  Those out of the cut may not all end up dead, but the majority will be close to it.

• The only other possible hope is retail FOMO with new punters of the 'I can't afford a whole bitcoin' ilk buying up potential 'next bitcoin' things and shiny alts.  A rising tide raises all ships after all.  Many alts can still boast healthy (recent) gains in USD terms.

I see the chances of an ETF with alts slimming considerably with the bloodbath we are seeing. Consider also that consequences of alts down performing BTC are bad because:
  • Alts downperforming reduces liquidity from markets, getting difficult to have reliable prices, and depth, that are fundamental for an ETF
  • Akts downperforming means reduced hashing power, thus lower security on the alts, again, this is bad for institutional investors

Regarding the FOMO, this can always happen, but the case of getting long because of this is getting more and more ridiculous.


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July 10, 2019, 03:10:23 PM

When 15k a coin? The HAT is asking for it....
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July 10, 2019, 03:14:45 PM

We boom upwards and its always pleasant, but the spikes down are just so F***ing fast always like 1K in minutes Roll Eyes

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July 10, 2019, 03:16:27 PM

Relaying words.


Quote from: shelby

I am pretty sure shitton of people will be unloading their stashes like there is no tomorrow when btc starts to go above $50k. Not many will be left to hodl a full piece when it hits $100k.


When BTC goes above $100k and hits $1m, those who sold from $50k will be very sorry unless they owned and dumped at least 20 btc.


In the SegWit donations taking scenario at the May 2020 halving, they may never ever get that opportunity. They’ll be fleeced before that price level is available. Whether Craig Wright (and his mining partners who already control some 3% of the network hashrate) carries out the plan to monopolize (i.e. buy all of for a year or more) the production of ASICs with the proceeds of the $100+ billion (and growing) SegWit “anyone can spend” UTXO booty remains to be seen. My popcorn is ready.



I still remember 10 years ago, when I went into the bank and made a 5 year deposit with 4.5% year interest. I lived happily through those 5 years taking my profit. Until I heard of Bitcoin. What will be the interest of my Bitcoin deposit in 5 years? Incredibly high, for sure. Therefore, the price of suffering one more  bear year is insignificant compared to the prize after that.

[…] I believe that when I got into bitcoin in late 2013, my plan was to attempt to stay in for at least 1 year, even though i felt that I did not know much about bitcoin, except to attempt to treat it like a long term capital gains tax[for the tax advantages] […]

I removed the superfluous word for ya.

So you admit that in the past you had blinders on, and you obviously have become very devoted to BTC because a 1% of net worth investment has appreciated to 99% of your net worth according to you in prior posts.

But you refuse to acknowledge that perhaps you have blinders on again, and refuse to even dig into my research which I argue clearly shows that Core Bitcoin is not Bitcoin.

It’s going to be hilarious that after all these years of appreciation, you lose it all because you were too proud to have a skeptical mind (skeptical of your own blinders).

Just saying.





All this talk of to the moon 2020 or 2021 is silly. We all know the real moon is in 2022. Or maybe 2023.

2022 seems to be the consensus. IMO that's a good indicator that we'll moon before or after 2022. Probably before, since most people also seem to be convinced that the BTC cycles are lengthening.

+1 (because I have no merits to give). Except if the SegWit taking scenario comes to fruition as soon as May 2020, that mooning above $100k may only come on obscure OTC markets for those who hodl legacy addresses.



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.

Indeed, but look for an anonymously launched, volunteer development team, two-tiered coin, absolute anonymity, bona fide decentralized transaction volume scaling, and true ASIC resistance circa 2020 as an alternative to the Libra 666 choice… the second coming of Satoshi…



The BTC/alt charts generally look terrible to me from a technical angle. A lot are in no man's land, where they've broken long-term support. I'm not touching that until I see signs of utter capitulation (sea of -2x%) or BTC's rally getting long in the tooth.

Indeed ties in with my recent post (has it been posted?) arguing that we have a significant pullback over the next several months before an ATH (note another AYH may possibly arrive short-term before the posited pullback).



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

What if the peak ATH is at the halving and Core crashes to $775 after that? Did that qualify?





It's a bullshit scale.  There is no authoritarian left vs authoritarian right.  The classical scale is only a single X axis where the further right you go progressing towards smaller scales of govt, the closer you get to 'anarchy', while the further left you go, the closer you get to authoritarianism, totalitarianism, marxism, fascism, and everything else which are all in the same group since they all require large govt.  That is not to say 'anarchy' is actually a good thing, anarchy just means abdicating power to whatever random passerby wants to seize it to then rule over you.

You’re attempting to view the politics of individuals through the filter of big vs. small government, which is the correct filter from a non-WASP, true Christian perspective (c.f. also discussion with @Traxo in the comments of linked blog). Note there are not many non-WASP, true Christians in this world. The Bible says 144,000.

But psychology of individuals is not so one dimensional as your filter. The quadrants of that graphic depict the psychological basis for the reasons that individuals align left or right.

This is one of the examples where although reasonably smart (2 SD?), you lack 3+ SD sophistication and nuance in your thought processes.





Posted as an impartial messenger, which means don’t presume I agree with the choice of wording or even the points made. Nevertheless the forum benefits from hearing all sides of an argument.

Quote from: shelby
[…] And I expect BTC to move to at least a double-top of $20k (if not much higher) before or by the halving May 2020, because Craig Wright will need for the difficulty to be very high so he can drive the Core shitcoin fork chain to a near standstill if he craters the hashrate with the donations taking incentive. He might be bluffing though […]

[…] but I will explain that @Husain_Zabir’s A and B price levels are probably too low and his C bottom target is probably too high. Also the Rogue Wave could possibly top as high as $78k. The low (presumably BTC not $) volume on @HairyMaclairy’s chart seems to indicate this current move is not complete.

Yet let’s revisit @infofront’s stock-to-flows valuation chart hypothesis which was based on my speculation fractal modeling. I have added some black lines to his chart and also drawn in green the progression of the BTC price up to July. I have also extrapolated in green-to-blue a scenario hypothesis on the price from now to the May 2020 halving:



Also my annotated chart of the BTC price below indicates that this pullback has support at $10k, $8k, $6k and worst case $4k […]

However instead of the usual scenario after the halving, I expect a divergence between the Core BitcOn-job and the real “v0.1”, immutable Bitcoin (i.e. not BCH nor BSV). I expect Core shitcoins to crash to Martin Armstrong’s $775 prediction, whilst real Bitcoin will appreciate under the radar to $1+ million until it is eventually used to back Facebook’s Libra after the strong U.S. dollar vortex.

wtf? The forum certainly does not benefit from hearing such bullshit!

https://twitter.com/100trillionUSD/status/1148330889627295745 [←note corrected link]
Quote
#bitcoin RSI crossed 70 hurdle!



Stars are aligning for a very interesting halving season

Indeed the halving is going to be a peak price for the Core shitcoin, not the start of higher and higher prices for that piece of shit.

Here is a good interactive, logarithmic chart for historical prices:

https://www.tradingview.com/chart/BLX/vR2WQLMS-Plagiarism/

So thus we can expect a 40 – 50% decline now from the 66% of the ATH price (which is $13k) and 5 – 6 months sideways action after that until the vertical move to an ATH peak at the May 2020 halving. That peak price could be significantly higher than the minimum target of a double-top at $20k, such as high as 14X the $6250 level per @infofront’s annotations on PlanB’s chart above.

It’s very clear what is happening now. I have taken some profits.


https://twitter.com/ChartsBtc/status/1144614623988994048

If we enter the correct channel this will be epic.

The Core shitcoin has dropped below the thick dashed green line, which may now act as overhead resistance forever. Perhaps only the real Bitcoin will rise back above that thick line after the halving after the SegWit taking restoration of unforgeable costliness.



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July 10, 2019, 03:17:56 PM

Nice.. 1k usd drop in an hour.. gentlemen, this is BTC.

Somebody is trying to scare the noobs, and drop ice water on retail fomo..

I prefer this chop chop between 11k and 13k than going stupidly parabolic up at this stage.
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July 10, 2019, 03:21:06 PM

Just a lil shaking off the weak hands. As if bulls are saying: "Give me your bitcoins NOW!" (so that n00bs won't have them when 100K)
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July 10, 2019, 03:27:13 PM

A shitload of coins were dumped, and we are at yesterday´s evening price. Well done, smart bears.
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July 10, 2019, 03:27:28 PM



Lambos hookers and blow are so addictive you try it once and you'll keep doing it for the rest of your life  Grin

So what do we know about addictions?
They are a commercial replacement for love & happiness.

I got some minor legal and illegal addictions too, but my main interests nowadays are clearly in the love and happiness department.
If you see it as a crypto portfolio, i am 92% into bitcoin and 8% into shitcoins  Grin
When i was younger, these figures where about inverted  Tongue
Didn't help with health too much, but hey... YOLO, as the hipsters say...

What is your percentage of fiat?

I think my total right now is about 96% BTC, 3% fiat and 1% shitcoins..

Fiat isn't crypto  Roll Eyes
So if you compare Fiat in the financial business to "phantasies" in real life, its share would be low, say 95% crypto, 5% fiat  Grin

Now for real:
I got everything i need: Passive income, house, wife, kids, a pool, chickens (and eggs), pets, two cars for all of us and always enough Fiat for everyday weeds ...uhm.. needs.
The BTC stash is mainly to #hodl for the future of my children.

Kudos on your investment allocations. I look forward to the inevitable day when the average normie is 90+% in Crypto and of that 90+% less than 5% is in Shitcoins. We are still very early and pioneers of sorts. Most boomer normies would say we are crazy for this but their house of fiat cards is already falling, they just dont know it yet.

I am zero percent in Shitcoins and over 90 percent net worth in Bitcoin, but I understand the allure to put a lil filthy fiat into some. I just dont have time to dabble and dont want to invest in anything I dont have time to research extensively and follow. So I will just continue to blindly hate all coins that are not the one true King of Coins and call them Shitcoins and scams. This hater is gonna keep hating. Cool

It is one thing to talk about your diversification within various crypto, bitcoin versus shitcoins versus fiat, but another thing to talk about bitcoin versus other investments.  I believe makrospex was referring to the former not the later.  Of course, he mentioned that he had a house, car and blah blah blah.. and he might even have other investments such as gold and stock.  Personally, I believe that we are way too soon to be making large allocations into crypto, whether bitcoin or otherwise, and if we are talking overall investment, I think that 1% to 10% in bitcoin would be reasonable, and higher allocations would be a bit risky. 

Of course, some of us have had so much appreciation in our bitcoin holdings, so that even if we may have started with an intention in the 1% to 10% range, I believe mine got up to about 13% or 14%, then that investment allocation likely grew, and I believe mine grew to a much higher allocation in the 70% plus arena, and I decided NOT to reallocate, flying in the face of traditional advice and let the house money ride to a considerable extent... while employing insurance strategies within the investment to sell some on the wayside  up and to buy back on the way back down...etc etc etc.
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