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

[jbreher]

Yeah, I much prefer incremental steps. I’m not in the mood for unsustainable pumps because we all know what happens after them.

I love unsustainable pumps. Make $ on the way up, corn on the way down. Yummy.

nobody can do it on sustainable basis as it does not tell you where it will go.
sooner or later, you would lose.

For some value of 'lose' that has nothing to do with my personal situation.

Can you elaborate, jbreher? 

Yeah. My elaboration is I don't believe that there is any way in which this strategy would cause me to "lose" - counter to biodom's claim.

Every up/down, I make a profit. I can choose whether to take that profit in USD or BTC. Sometimes I flip from one to the other, depending upon cash flow needs.

It is true that this causes me to sell at a price that I expect to be (wildly) exceeded in the future. Accordingly, if corn price goes up monotonically, I will eventually have no corn, and nothing but a gigantic pile o' stinky fiat. Is that 'losing'? Not exactly. Kinda.

However, that pile of stinky fiat is rather stratospheric, given the ratios of play_money:stake I am laddering.

And every up/down gives me a more corn (if I don't take the profit in USD). Accordingly, depending upon the amount of volatility in relation to upward trend, I may never run out on the high side. Losing? Hardly.

So in reality, I was merely trying to soften a retort of 'bullshit' to biodom's blanket 'lose' statement.

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[jbreher]

Bitcoin is unrivaled: Security, Liquidity, SoV. If you just tune it to make it coffee-ready, the system collapses.

Speculation based upon facts not entered into evidence.

I don't see anything wrong with that because there isn't a known safe solution, if there was one, BTC devs would have implemented it already.

Speculation based upon facts not entered into evidence.

[lightfoot]

Trains merited. I am happy.

Does Smerit ever refill itself?

[degxtra1]

Trains merited. I am happy.

Does Smerit ever refill itself?

Thanks bro

Why I can't simply buy this merits?

[JayJuanGee]

Godbye 4digits  
Frankly, I feel sorry to all this guys waiting for sub 9K. Last seconds to join the train.

JSRAW?   Can you confirm this assertion?    If JSRAW does not confirm, I cannot put much higher odds than 50% that we will never see 4 digits again.

Of course, the lower you go, the less probable... So yeah there have been quite a few people looking for below $9k, and jesus, we were already at $9,049 which would have been about a 35% correction from our $13,880 local top.  Why the fuck expect more than that?  

Hi JJG, as far I remember you were always about 50% odds.  

Difficult to get me to come off of 50/50 very often..

More than that? No, you know answer to this question - greed and/or fear.
This two factors are evident for any professional trader I assume you are.
The Point is to find ...ZEN - internal Zen, and play around it.

No way would I characterize myself as a professional [edit: whoops] traitor trader, but I think that i have worked out some pretty decent laddering techniques for myself in the last few years that were kind of a follower to my earlier dollar cost averaging accumulation phase.  When we had gotten stuck in the $250-ish bottom for so long in 2015, I had supplemented my technique into adding a selling component... Before mid-2015, my technique largely only involved buying and if I ever sold anything, I would replace within 24 hours or so.  I am still a little that way in terms of trying to engage in a kind of allocated amount, but my system does have a built in allowance currently for selling that did not really exist for nearly the first two years that I was getting into BTC starting from late 2013.

Anyhow the laddering technique seems to largely cause me to NOT get too emotional about BTC short term price directions, but like anyone who is holding some corn or at one time had held some corn (maybe having had recently sold), I get nervous when the price gets on an overshooting rampage that goes quite beyond expectations - sometimes 2x (as in the final push below $6k in December 2018 or even how quickly she moved above $10k this time around into the $13,880 territory) or 3-5x (as in the December 2017 push up to $19,666).  

For me, there tends to be a bit more nervousness on the way down rather than the way up, but mostly my nervousness won't really start to kick in on the way down as often as it used to do, but even these days it can start to kick in around 30% or so but sometimes even a 30% correction can be part of the expectation so I might not get nervous until it goes to 50% down or if it just keeps on lingering in the lower part of the down, which causes me to fear that it may be going to down more.. but my system does not allow me to sell, it just causes me to buy more as it goes down, rather than trying to bet on the price going down more

But even on the way up, when it is going UP so much, I will frequently question whether I need to alter my selling plan (and perhaps sell a bit more corn) because of the severity in which the price is rising.  Even though I have those kinds of fearful thoughts, I feel that I kind of learned my lesson on that, already in late 2015, when I tried to second guess matters, and I just ended up kind of screwing up... So in essence, I have learned that it is usually just better to stick to my plan course, and of course these days when I am playing with a decent amount of equity, I can act with even less feelings about even the BIGGER of price movements.

I understand that it could make a difference if I happen to be 4x in BTC profits or 20x in BTC profits, but when the floor of the BTC price movement starts to seem that it is becoming quite solidly grounded in the neighborhood of 10x in profits, then it becomes way more easy to rest assured... and just attempt to stick with 50/50 thinking... even if I remain curious about what is happening with BTC price movements... I am surely not going to deny that.

You know when we got the nearly 3.5x price appreciation in less than 3 months from $4,200 to $13,880, there is both a kind of rest assurance that the cushion from the $3,122 bottom is way more secured (and harder to reach), but there is also some anxiety regarding how far the inevitable BTC price fall from the exuberant period of the $13,880 top is going to be based on how well buying support has been able to keep up, especially in the last few weeks, the price rise was getting really outrageously unstable in the upwards direction.  Those FOMO fool buying fucks.  

But if $9,049 ends up being the bottom for this particular BTC price correction, then that should also be a decently bullish feeling, even if we still cannot know for sure whether 4 digits are going to again be revisited in the kind of attention-whore volatility drama way that baby BTC happens to be known.  i know, I know, I know.. she cannot really help herselfie because it is just peeps pushing her price movement as much, as far and as long as they can get away with it.

And a bit of Voodoo - I predicted this 3 times within last 30 days - doesn't mean it won't go under 10K within next few weeks for some while.
But trend is fucking obvious. And we survive holiday season

Sounds like we are probably on a similar kind of page in terms of detecting what seems to be a decent amount of trend that is going to be difficult to undermine, even if a lot of cash is thrown at attempting to crash the baby BTC.  If she don't wanna crash, she don't wanna crash.  I think that there is generally a lot of ongoing good news out there that is just fucking the hell out of the effectiveness of any FUDding attempts and like you seem to be suggesting, the trend is your friend... so those of us who go with it, rather than fighting it will likely be better off.   hahahahahahaha   or get reckt, if you happen to want to buck the trend and think that you are smarter than the market.

[Febo]

same mistake as Monero.

Wrong a tiny tail emission that supports mining is not infinite coins.

Tail emission forever *is* infinite coins. Monero’s tail emission rate is 3.6%.  

 Bitcoin’s current inflation rate is 3.87%. In May 2020 Bitcoin’s inflation rate will be less than Monero’s tail emission rate and will keep falling.  Monero will never match Bitcoin as a store of value.  

The transaction fees on Monero are sufficiently horrifying that there is plenty there to support mining.

Tail emission is a fatal flaw.

Monero have perfect emission. Current Monero emission inflation rate is 3.84%   You can daily check it here: https://moneroinfo.herokuapp.com/

Bitcoins current inflation rate is 3.68% and Golds 1.7%     Monero tail emission will be 0.8% so more then half less then Golds and more then 4 times less then Bitcoins at this moment.   If you think that i s a lot, then you really dislike Bitcoins.  

Overall in next 20 years Monero, Bitcoin and Gold mining emissions will be quite close together. No huge differences. All will be scarce and none will have problems with to low emission.

[nutildah]

Every up/down, I make a profit.

Wow, you're making a profit every second of every day?

[fillippone]

It's time (again) for a Wall Observer Meta Post!
Last Week LoyceV updated merit file late, that's why we are having two updates in a short amount of time.
This is the last weekly update, from now on I will update only on the first release of every new month, typically on the first Friday of the month!

Merit analysis based on LoyceV merit file: http://loyce.club/Merit/merit.all.txt

Merit updated to Friday, 2, Aug, 2019 02:48:42 UTC


Total merits sent on WO:     27615
Weekly Merits sent on WO:  213 (-11)
Merited Users:                    588 (+7)
Users sending merits :        459 (+2)

TOP 100 MERIT RECEIVERS:

Code:

1.micgoossens             1736
2.Last of the V8s         1570
3.HairyMaclairy           1167
4.xhomerx10               1125
5.BobLawblaw               911
6.Toxic2040                910
7.jojo69                   789
8.infofront                711
9.JayJuanGee               675
10.LFC_Bitcoin             621
11.d_eddie                 508
12.Torque                  496
13.bitserve                473
14.VB1001                  432
15.gentlemand              381
16.Paashaas                363
17.Elwar                   343
18.kenzawak                342
19.Globb0                  315
20.mindrust                311
21.cAPSLOCK                288
22.mfort312                282
23.JimboToronto            278
24.Raja_MBZ                251
25.BTCMILLIONAIRE          247
26.goldkingcoiner          247
27.Rosewater Foundation    244
28.jbreher                 241
29.kurious                 235
30.Lambie Slayer           234
31.Biodom                  229
32.ivomm                   227
33.fillippone              208
34.realr0ach               194
35.Phil_S                  194
36.TERA2                   194
37.bones261                183
38.Ibian                   180
39.nutildah                172
40.kingcolex               172
41.Kylapoiss               169
42.600watt                 169
43.vroom                   167
44.JSRAW                   162
45.Icygreen                159
46.marcus_of_augustus      156
47.yefi                    153
48.Hueristic               141
49.Wekkel                  137
50.Arriemoller             134
51.StartupAnalyst          130
52.toknormal               129
53.Pamoldar                129
54.Anon136                 121
55.Spaceman_Spiff_Original 119
56.Dabs                    113
57.Cryptotourist           113
58.kirreev070              107
59.vapourminer             106
60.bitcoinPsycho           106
61.BinaryReign             105
62.explorer                 97
63.Bitcoinaire              95
64.AlcoHoDL                 89
65.lightfoot                88
66.serveria.com             84
67.Searing                  83
68.Cryptoqueeen             81
69.STT                      72
70.sirazimuth               72
71.BlindMayorBitcorn        72
72.HI-TEC99                 71
73.Gyrsur                   69
74.cryptjh                  68
75.somac.                   67
76.pacman7331               66
77.Totscha                  65
78.cannycassiopeia          64
79.conspirosphere.tk        63
80.bitebits                 63
81.Majormax                 62
82.DeathAngel               62
83.crypmike                 58
84.nanobtc                  57
85.suchmoon                 56
86.Karartma1                56
87.strawbs                  54
88.Samarkand                54
89.theymos                  53
90.FractalUniverse          53
91.rolling                  51
92.RoomBot                  51
93.BitcoinNewsMagazine      51
94.RayX12                   50
95.fluidjax                 50
96.encycrypto               48
97.Speculatoross            47
98.Ludwig Von               47
99.ErisDiscordia            47
100.PoolMinor               46

TOP 100 MERIT SENDERS:

Code:

1.JayJuanGee              2327
2.BobLawblaw              1939
3.micgoossens             1315
4.LFC_Bitcoin             1073
5.bones261                1033
6.infofront                975
7.Last of the V8s          786
8.Globb0                   723
9.jbreher                  698
10.xhomerx10               683
11.vapourminer             618
12.mindrust                587
13.HairyMaclairy           583
14.cAPSLOCK                548
15.600watt                 504
16.marcus_of_augustus      502
17.Toxic2040               411
18.jojo69                  383
19.Torque                  340
20.Paashaas                318
21.QuestionAuthority       311
22.Hueristic               272
23.d_eddie                 270
24.yefi                    256
25.bitserve                245
26.kurious                 225
27.Dabs                    224
28.VB1001                  212
29.BlindMayorBitcorn       209
30.gentlemand              207
31.Wekkel                  205
32.Ibian                   205
33.ErisDiscordia           200
34.kenzawak                191
35.bitebits                187
36.suchmoon                186
37.RoomBot                 180
38.Karartma1               179
39.explorer                155
40.JimboToronto            152
41.Raja_MBZ                148
42.Gyrsur                  144
43.Dunkelheit667           143
44.mfort312                142
45.nutildah                136
46.BTCMILLIONAIRE          118
47.Pamoldar                118
48.Rosewater Foundation    116
49.edgar                   115
50.kingcolex               115
51.Searing                 113
52.ivomm                   111
53.Lambie Slayer           110
54.goldkingcoiner          110
55.fillippone              108
56.Majormax                106
57.ssmc2                   106
58.Arriemoller             105
59.PoolMinor               101
60.xyzzy099                 99
61.Biodom                   93
62.P_Shep                   91
63.lightfoot                89
64.tonyq                    87
65.julian071                86
66.conspirosphere.tk        82
67.Kylapoiss                81
68.sirazimuth               80
69.Phil_S                   80
70.Icygreen                 79
71.JSRAW                    73
72.criptix                  73
73.RayX12                   73
74.Elwar                    72
75.vroom                    72
76.DeathAngel               67
77.StartupAnalyst           60
78.Cryptotourist            59
79.bitcoinPsycho            57
80.Anon136                  56
81.empowering               55
82.rolling                  52
83.sammy007                 50
84.Jayjay04                 50
85.soullyG                  49
86.FractalUniverse          48
87.STT                      47
88.mymenace                 46
89.AlcoHoDL                 46
90.MrFreeRoMan              45
91.Bitcoinaire              44
92.AlexGR                   43
93.Totscha                  42
94.serveria.com             41
95.afbitcoins               40
96.nanobtc                  38
97.fabiorem                 37
98.flynn                    37
99.MirkoIta                 36
100.crypmike                36

                        
                            
TOP 100 WEEKLY RECEIVERS:

Code:

        
1.micgoossens               22
2.Lambie Slayer             14
3.VB1001                    13
4.nutildah                  12
5.LFC_Bitcoin               11
6.jbreher                   11
7.mindrust                  10
8.HairyMaclairy              8
9.fillippone                 8
10.kurious                   7
11.Dabs                      7
12.Torque                    6
13.gallianooo                6
14.jojo69                    5
15.Biodom                    5
16.vroom                     5
17.Pamoldar                  5
18.600watt                   4
19.JSRAW                     4
20.Dunkelheit667             4
21.Saint-loup                4
22.JayJuanGee                3
23.Raja_MBZ                  3
24.Cryptotourist             3
25.AlcoHoDL                  3
26.BobLawblaw                2
27.Globb0                    2
28.JimboToronto              2
29.serveria.com              2
30.ChinkyEyes                2
31.bkbirge                   2
32.Last of the V8s           1
33.cAPSLOCK                  1
34.ivomm                     1
35.kingcolex                 1
36.bitcoinPsycho             1
37.lightfoot                 1
38.criptix                   1
39.Syke                      1
40.GrosWesh                  1
41.makrospex                 1
42.Millionero                1
43.≡║▐µ                      1
44._javi_                    1
45.bakasabo                  1
46.slocker                   1
47.tranthidung               1
48.Lucius                    1
49.degxtra1                  1

TOP 100 WEEKLY SENDERS    

Code:

                                  
1.JayJuanGee                41
2.micgoossens               37
3.LFC_Bitcoin               14
4.BobLawblaw                12
5.vapourminer               11
6.hv_                       10
7.jbreher                    8
8.nutildah                   8
9.HairyMaclairy              6
10.Globb0                    5
11.mindrust                  5
12.VB1001                    5
13.fillippone                4
14.AlcoHoDL                  4
15.ivomm                     3
16.Lambie Slayer             3
17.infofront                 2
18.jojo69                    2
19.d_eddie                   2
20.JimboToronto              2
21.BinaryReign               2
22.Ludwig Von                2
23.≡║▐µ                      2
24.pereira4                  2
25.xhomerx10                 1
26.cAPSLOCK                  1
27.Torque                    1
28.Hueristic                 1
29.kurious                   1
30.Raja_MBZ                  1
31.Searing                   1
32.Majormax                  1
33.ssmc2                     1
34.Phil_S                    1
35.JSRAW                     1
36.criptix                   1
37.vroom                     1
38.Cryptotourist             1
39.bitcoinPsycho             1
40.serveria.com              1
41.BitcoinNewsMagazine       1
42.bkbirge                   1
43.smartcomet                1
44._javi_                    1
45.rattle_rattle             1

           
  
WEEKLY sMERITS BALANCE

Code:

SMerits Balance=Received Merits/2-Sent Merits

Positive Balance means an user has been increasing sMerits on the WO thread, while negative numbers means the users has sent more merits on WO than received.
Negative numbers are possible or because he has been generous this week because he has been greedy past weeks (so only temporary imbalance), or because he has hoarded smerits on other threads spending them on WO thread, or because he's a merit source.

TOP 10 WEEKLY BALANCE RECEIVERS

Code:

1.Lambie Slayer              4
2.Dabs                     3.5
3.kurious                  2.5
4.Biodom                   2.5
5.Pamoldar                 2.5
6.Torque                     2
7.600watt                    2
8.Dunkelheit667              2
9.Saint-loup                 2
10.VB1001                  1.5

TOP 10 WEEKLY SENDERS

Code:

1.JayJuanGee             -39.5
2.micgoossens              -26
3.BobLawblaw               -11
4.vapourminer              -11
5.hv_                      -10
6.LFC_Bitcoin             -8.5
7.Globb0                    -4
8.jbreher                 -2.5
9.ivomm                   -2.5
10.AlcoHoDL               -2.5

                 
Merit circulation decreased again this week. Crickets and tumbleweeds everywhere and holiday didn't help merit circulation.

Still fixing glitches here and there, I am using this to getting better at data management. JayJuanGee is back with a great sending spree!
I will make this post monthly, updated after the first merit release of the month.

[JayJuanGee]

Yeah, I much prefer incremental steps. I’m not in the mood for unsustainable pumps because we all know what happens after them.

I love unsustainable pumps. Make $ on the way up, corn on the way down. Yummy.

nobody can do it on sustainable basis as it does not tell you where it will go.
sooner or later, you would lose.

For some value of 'lose' that has nothing to do with my personal situation.

Can you elaborate, jbreher? 

Yeah. My elaboration is I don't believe that there is any way in which this strategy would cause me to "lose" - counter to biodom's claim.

Every up/down, I make a profit. I can choose whether to take that profit in USD or BTC. Sometimes I flip from one to the other, depending upon cash flow needs.

It is true that this causes me to sell at a price that I expect to be (wildly) exceeded in the future. Accordingly, if corn price goes up monotonically, I will eventually have no corn, and nothing but a gigantic pile o' stinky fiat. Is that 'losing'? Not exactly. Kinda.

However, that pile of stinky fiat is rather stratospheric, given the ratios of play_money:stake I am laddering.

And every up/down gives me a more corn (if I don't take the profit in USD). Accordingly, depending upon the amount of volatility in relation to upward trend, I may never run out on the high side. Losing? Hardly.

So in reality, I was merely trying to soften a retort of 'bullshit' to biodom's blanket 'lose' statement.

Well, I agree that you have a lot of discretion in the way that you take profits, and there can be some ways that you could also likely engage in accounting, just as I could in such a way that in reality you are really only playing with house money, so the win is already in and the system works for nearly any price scenario, except maybe if BTC went to zero and then you were putting in fortunes all the way down, or some outlandish scenario like that in which you did not know that it was actually going to go to zero.. but even then, you might have a limit regarding how much that you are wiling to invest on the way down or even how far down you would keep buying.

Regarding running out on the way up, my system is no where near having that kind of potential of a problem, and yeah I know that there remains a decent amount of discretion here regarding how BIG of a portfolio you have and also how much you are selling on the way up.  I just feel that I have so much goddamed fiat, even with modest selling that I don't even have much if any motive to sell more fiat than my modest selling all the way up causes me to do... so whether BTC goes to $100k or $1million or $10million or whatever, I still would have decent proportions in BTC.   

I would concede that there might be a certain point that I would just liquidate a decent-sized amount of BTC, just for shits and giggles and to buy something outrageous.  Even if BTC goes above $100k, and I going to have to engage in some additional learning about acting or being a kind of rich that had been above my expectations.  So, even though I reluctantly don't want to hire too many consultants, sometimes they are going to be needed for certain kinds of BIG ASS purchases and even maintaining and managing those kinds of assets.

[Biodom]

Yeah, I much prefer incremental steps. I’m not in the mood for unsustainable pumps because we all know what happens after them.

I love unsustainable pumps. Make $ on the way up, corn on the way down. Yummy.

nobody can do it on sustainable basis as it does not tell you where it will go.
sooner or later, you would lose.

For some value of 'lose' that has nothing to do with my personal situation.

Can you elaborate, jbreher?  

Yeah. My elaboration is I don't believe that there is any way in which this strategy would cause me to "lose" - counter to biodom's claim.

Every up/down, I make a profit. I can choose whether to take that profit in USD or BTC. Sometimes I flip from one to the other, depending upon cash flow needs.

It is true that this causes me to sell at a price that I expect to be (wildly) exceeded in the future. Accordingly, if corn price goes up monotonically, I will eventually have no corn, and nothing but a gigantic pile o' stinky fiat. Is that 'losing'? Not exactly. Kinda.

However, that pile of stinky fiat is rather stratospheric, given the ratios of play_money:stake I am laddering.

And every up/down gives me a more corn (if I don't take the profit in USD). Accordingly, depending upon the amount of volatility in relation to upward trend, I may never run out on the high side. Losing? Hardly.

So in reality, I was merely trying to soften a retort of 'bullshit' to biodom's blanket 'lose' statement.

The only point i was making is that selling, then re-buying, then selling again and re-buying sequences would most likely (in my opinion) result in a lower number of bitcoins than you start with.

I have absolutely no problem with selling bitcoin (or $$ for btc) in bits and pieces on the way up (or down, depending on your strategy).
It' the trading back and forth that I posit to be an unrealistic tool (when taken alone) to increase the number of btc that someone have.

I realize that you might be playing with small %%, still, i do not wish other people trading away their future wealth by trying to gain a bit of a leverage, hence my post.

[degxtra1]

Godbye 4digits  
Frankly, I feel sorry to all this guys waiting for sub 9K. Last seconds to join the train.

JSRAW?   Can you confirm this assertion?    If JSRAW does not confirm, I cannot put much higher odds than 50% that we will never see 4 digits again.

Of course, the lower you go, the less probable... So yeah there have been quite a few people looking for below $9k, and jesus, we were already at $9,049 which would have been about a 35% correction from our $13,880 local top.  Why the fuck expect more than that?  

Hi JJG, as far I remember you were always about 50% odds.  

Difficult to get me to come off of 50/50 very often..

More than that? No, you know answer to this question - greed and/or fear.
This two factors are evident for any professional trader I assume you are.
The Point is to find ...ZEN - internal Zen, and play around it.

No way would I characterize myself as a professional traitor, but I think that i have worked out some pretty decent laddering techniques for myself in the last few years that were kind of a follower to my earlier dollar cost averaging accumulation phase.  When we had gotten stuck in the $250-ish bottom for so long in 2015, I had supplemented my technique into adding a selling component... Before mid-2015, my technique largely only involved buying and if I ever sold anything, I would replace within 24 hours or so.  I am still a little that way in terms of trying to engage in a kind of allocated amount, but my system does have a built in allowance currently for selling that did not really exist for nearly the first two years that I was getting into BTC starting from late 2013.

Anyhow the laddering technique seems to largely cause me to NOT get too emotional about BTC short term price directions, but like anyone who is holding some corn or at one time had held some corn (maybe having had recently sold), I get nervous when the price gets on an overshooting rampage that goes quite beyond expectations - sometimes 2x (as in the final push below $6k in December 2018 or even how quickly she moved above $10k this time around into the $13,880 territory) or 3-5x (as in the December 2017 push up to $19,666).  

For me, there tends to be a bit more nervousness on the way down rather than the way up, but mostly my nervousness won't really start to kick in on the way down as often as it used to do, but even these days it can start to kick in around 30% or so but sometimes even a 30% correction can be part of the expectation so I might not get nervous until it goes to 50% down or if it just keeps on lingering in the lower part of the down, which causes me to fear that it may be going to down more.. but my system does not allow me to sell, it just causes me to buy more as it goes down, rather than trying to bet on the price going down more

But even on the way up, when it is going UP so much, I will frequently question whether I need to alter my selling plan (and perhaps sell a bit more corn) because of the severity in which the price is rising.  Even though I have those kinds of fearful thoughts, I feel that I kind of learned my lesson on that, already in late 2015, when I tried to second guess matters, and I just ended up kind of screwing up... So in essence, I have learned that it is usually just better to stick to my plan course, and of course these days when I am playing with a decent amount of equity, I can act with even less feelings about even the BIGGER of price movements.

I understand that it could make a difference if I happen to be 4x in BTC profits or 20x in BTC profits, but when the floor of the BTC price movement starts to seem that it is becoming quite solidly grounded in the neighborhood of 10x in profits, then it becomes way more easy to rest assured... and just attempt to stick with 50/50 thinking... even if I remain curious about what is happening with BTC price movements... I am surely not going to deny that.

You know when we got the nearly 3.5x price appreciation in less than 3 months from $4,200 to $13,880, there is both a kind of rest assurance that the cushion from the $3,122 bottom is way more secured (and harder to reach), but there is also some anxiety regarding how far the inevitable BTC price fall from the exuberant period of the $13,880 top is going to be based on how well buying support has been able to keep up, especially in the last few weeks, the price rise was getting really outrageously unstable in the upwards direction.  Those FOMO fool buying fucks.  

But if $9,049 ends up being the bottom for this particular BTC price correction, then that should also be a decently bullish feeling, even if we still cannot know for sure whether 4 digits are going to again be revisited in the kind of attention-whore volatility drama way that baby BTC happens to be known.  i know, I know, I know.. she cannot really help herselfie because it is just peeps pushing her price movement as much, as far and as long as they can get away with it.

And a bit of Voodoo - I predicted this 3 times within last 30 days - doesn't mean it won't go under 10K within next few weeks for some while.
But trend is fucking obvious. And we survive holiday season

Sounds like we are probably on a similar kind of page in terms of detecting what seems to be a decent amount of trend that is going to be difficult to undermine, even if a lot of cash is thrown at attempting to crash the baby BTC.  If she don't wanna crash, she don't wanna crash.  I think that there is generally a lot of ongoing good news out there that is just fucking the hell out of the effectiveness of any FUDding attempts and like you seem to be suggesting, the trend is your friend... so those of us who go with it, rather than fighting it will likely be better off.   hahahahahahaha   or get reckt, if you happen to want to buck the trend and think that you are smarter than the market.

JJg you never become to be dissapointed

[JayJuanGee]

Trains merited. I am happy.

Does Smerit ever refill itself?

So far there has only been one smerit drop from theymos on January 24, 2018 that went across the board to everyone based on their rank and their activity level in the previous year, and I really doubt that he is going to airdrop anymore smerits.

These days the only way that you can get smerits is to receive them from other members who appreciate your content for whatever reason, and if you get designated as a merit source, and so far theymos has only designated 131 members as merit sources.

Trains merited. I am happy.

Does Smerit ever refill itself?

Thanks bro

Why I can't simply buy this merits?

It's against the rules for merit sources to trade their smerits for anything of value, and likely if anyone found out that you were a regular member buying smerits, then your account would probably get red tagged... any member can give red tags, and of course the higher that you are on the trust level the more weight your red tags have, and probably the more that you participate in the red tag system the more trust you can gain, as long as you do not cause the opposite reaction from other members by red-tagging stupid shit or not sufficiently justifying your red tag... hahahahaha

[bitserve]

Nice

[btcbeliever]

  choo choo bitcoin 
time for some consolidation for a few days, please!

[OROBTC]

...

Chinese Yuan down to 7 / USD, a record low.  Kyle Bass says this has just started:

https://www.zerohedge.com/news/2019-08-04/currency-war-begins-chinese-yuan-crashes-past-7usd-record-low

Asian stocks down hard.  US and German stock futures down hard.  Gold is up a tiny bit.

What will happen in Hong Kong this week?

BTC at +/- $11,400.  No surprise...



Edited for additional info

[HairyMaclairy]

No way would I characterize myself as a professional traitor

Well that’s a relief

[BitcoinNewsMagazine]

Tipping point reached bulls in control.

[nutildah]

It's against the rules for merit sources to trade their smerits for anything of value

So this means we can still trade merits for BSV or Beam?



I do hate being out of merits, but it does encourage me to think up ways to farm up more merits. My sMerit supply is so piddly that when they trickle to me its like a weak stream of urine on my head.

[JayJuanGee]

No way would I characterize myself as a professional traitor

Well that’s a relief

Whoops!!!!   what a freudian slip... I went back and fixed that one.

[JayJuanGee]

It's against the rules for merit sources to trade their smerits for anything of value

So this means we can still trade merits for BSV or Beam?



I do hate being out of merits, but it does encourage me to think up ways to farm up more merits. My sMerit supply is so piddly that when they trickle to me its like a weak stream of urine on my head.

I understand the pun about that shit hardly being worth anything - but surely it has not gone to zero yet, so "technically" there is arguable value there, so I wouldn't take any of those kinds of chances, unless you want to be removed as a merit source... which I believe would be the most likely remedy..........