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

[_javi_]

We are ticking along nicely.  All going to plan.

the overlay is ok for the first 6 months.. the following 6 months its not so accurate, and afterwards its waaay off..

why do you insist in this bearish overlay?? 11400 usd on halving is depressing!!!    

wheres my hopium?!?!?

go BTC gooo!!

[HairyMaclairy]

We are ticking along nicely.  All going to plan.

Sweet, and it looks like we were correct. I will update in a few days (used ACH) to let you guys know how that Paxos portal worked out. I only tried withdrawing .005 so it should be  a no problem transaction for them.

Ok I’ll bite.  Paxos is a stable coin?  Works like Tether?  Anything special we should know?

[Biodom]

I wonder: Would a Trezor survive liquid nitrogen?

Reason I'm asking is I think I might get my head frozen after all when I die. Tattoo "I have bitcoins", include a couple of Trezors in my mouth with a good PIN, and in a thousand years when Bitcoin is worth infinite amounts it would be a reasonable reward to dethaw my brain and put me on a top of line body.

Hm....

Half-jokingly...USB connector tech has to survive too, which is not likely.
Maybe you can use a microscope to get the info, though.
Here is something regarding 11th century (and nearby) tech.
https://en.wikipedia.org/wiki/Medieval_technology
Well, interestingly enough, wheelbarrow was invented back then (in 12th century).

[smartcomet]

https://twitter.com/jason_yanowitz/status/1158496429217865728

4 people who changed the course of money forever 💥

1260, Kublai Khan: Paper Money
1397, The Medicis: Credit w/ Interest
1971, Richard Nixon: Gold Standard
2008, Satoshi Nakamoto: Bitcoin

[HairyMaclairy]

We are ticking along nicely.  All going to plan.

the overlay is ok for the first 6 months.. the following 6 months its not so accurate, and afterwards its waaay off..

why do you insist in this bearish overlay?? 11400 usd on halving is depressing!!!    

wheres my hopium?!?!?

go BTC gooo!!

You are reading it wrong / too literally.  

Yes it has diverged.  That in itself is an important signal. It means Bitcoin is currently running more bullish than it should.  We are running high and hot.   We are also in a seasonally weak period, which means we should expect general weakness, turbulence and flat lining - which is exactly what we are getting.  We should also start boosting in October, so look for $14k to be broken then, if not before.  If that doesn’t happen and we slump in October, then that is also important information.

What you do with this information is up to you.  But it’s better than fumbling in the dark like 95% of cryptokiddies.

[Hueristic]

We are ticking along nicely.  All going to plan.

Sweet, and it looks like we were correct. I will update in a few days (used ACH) to let you guys know how that Paxos portal worked out. I only tried withdrawing .005 so it should be  a no problem transaction for them.

Ok I’ll bite.  Paxos is a stable coin?  Works like Tether?  Anything special we should know?

Apparently it is a stablecoin exchange and fiat portal.

I have found it from my research these last months and am trying it out currently.

[jojo69]

I'm twelve pages behind and I'm leaving in a few hours. It feels bad to leave with a backlog to start  
I will be out for a month more or less, and my access to this forum will be very limited.
I hope she behaves while I'm not here. I will be checking on her anyway

Maybe I'll be able to able to post before I leave. If not, see you in a few weeks.

Thanks for checking out eddie, have a nice vacation!!

[lightfoot]

I wonder: Would a Trezor survive liquid nitrogen?

Half-jokingly...USB connector tech has to survive too, which is not likely.
Maybe you can use a microscope to get the info, though.
Here is something regarding 11th century (and nearby) tech.
https://en.wikipedia.org/wiki/Medieval_technology
Well, interestingly enough, wheelbarrow was invented back then (in 12th century).

This is not quite 100% a joke: If you really believe Bitcoin is the shit, and it will be worth more later then there is a certain logic with dying with some, then being revived later, remembering your passphrase from long term memory, and having the whole money thing taken care of.

12th century paper and such is quite readable even now, as are long dead languages. It's not impossible to read an 8 inch floppy or a 1950's era core memory you just have to build an interface (trivial with something like a Raspberry Pi and a set of amplifiers). Maybe Cryptosteel anded with a code you memorize. Or a Cryptosteel that decrypts a Trezor wallet that is protected with a passphrase. Might be too easy to hack. Then again in 100 years a Trezor
s physical security would probably be trivial as well.

Hm. Do I really want to dunk my head in a tank of liquid nitrogen?

[JayJuanGee]

Shake, shake, shake, shake, shake it off
Weak, weak, weak, weak hands, fuck off
Enjoy your cut loss, loss, loss, loss
Shake it off

Reminds me of: cut your loose!!!!!...

[OROBTC]

...

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

Gold just touched $1500, and is at new ATHs in various FIAT$ around the world.

I have always believed in serious diversification.  I HODL BTC (plenty!), and watch it every day.  A pot-watcher.

Nonetheless, gold has 6000 years of proven value.  That IS meaningful.  Whether or not it retains its role into the future as the numeraire of all value assets remains to be seen (of course).  That is why diversification is so important.

NO ONE knows what will happen.  Not Shelby, not r0ach.  But, having an open mind is a great and wonderful thing.

[JayJuanGee]

I guess we will see these patterns for some time. Happened after the Gox Crash often. Not sure but I remember swings between 400-700. The good news is, we are seeing these kind of pump and dump @5digits  

Don't be fucking ridiculous.

This is NOT anything like after GOX crash.  You dumbass.

Currently, we are going up not down.... so consolidation is a question of whether we are going to continue going up.

GOX crash was after an already existence of two pumps in 2013 that more or less brought bitcoin from $15 to $1,163.. then thereafter the correction and GOX crash came in the shadows of that.

In other words, you need a better example to make whatever point you are wanting to make about the meaning of this particular BTC price consolidation that we are currently witnessing.

[GreatArkansas]

YTD Bitcoin Hashrate and Bitcoin Market Capitalization charts.

[jbreher]

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

I dunno. 'Gold and Silver Good' is a pretty generic message that can be absorbed anywhere. I don't really see any need to swallow r0ach's flawed axioms at the same helping. Isn't Schiff or some similar goldbug's opinion not closed enough?

[BitcoinGirl.Club]

It's very very early in the morning and I can not sleep. Observing @ $11,630 we are good.

[JayJuanGee]

I passed or failed the Turing test quip?  Or was the test included in the post to which I have not yet responded?  

By the way, did the "highly amused" chick agree to bang you, yet?  Chicks do tend to prefer to be "highly amused" as much as possible and some chicks are more easily humored than others.  

No,yes and nyb.

O.k.  Well if I supposedly failed the Turing test based on not responding to a post, then that seems like a pretty lame methodology.

Second, like I said, if you got the bang then great, and probably it is not necessary to kiss and tell here, in spite of your already have had leaked your citeeeee levels.

Edit: On a third note, I had to go back and fix your quotes because for some reason your editing out part of the earlier post and screwed up the attributions... You fuck!!!!!!!!  So, now this is the full one.. I am going to attempt to go back in again and to cut down the post properly, edit one more time and to make the proper attributions... These are the kinds of things that bots are handy for and what they do in their spare time.  Clean up after human wannabes.  Don't you know nuttin?

Good one, funny thing is I have been trying to make a friggin post for 1/2 an hour and I was just telling to stop talking to me because I don't wanna fuck up the quotes! That was another thread, i'm not worried about fucking yours up

Oh great... Now I am enabling ineptitude by fixing the fucked up walls of texts of others.... great .. great great...  Am I an editor now, or what..? great.

[HairyMaclairy]

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

I dunno. 'Gold and Silver Good' is a pretty generic message that can be absorbed anywhere. I don't really see any need to swallow r0ach's flawed axioms at the same helping. Isn't Schiff or some similar goldbug's opinion not closed enough?

No one has done more to convince me that gold is a barbarian relic than roach

[JayJuanGee]

I wonder: Would a Trezor survive liquid nitrogen?

Half-jokingly...USB connector tech has to survive too, which is not likely.
Maybe you can use a microscope to get the info, though.
Here is something regarding 11th century (and nearby) tech.
https://en.wikipedia.org/wiki/Medieval_technology
Well, interestingly enough, wheelbarrow was invented back then (in 12th century).

This is not quite 100% a joke: If you really believe Bitcoin is the shit, and it will be worth more later then there is a certain logic with dying with some, then being revived later, remembering your passphrase from long term memory, and having the whole money thing taken care of.

12th century paper and such is quite readable even now, as are long dead languages. It's not impossible to read an 8 inch floppy or a 1950's era core memory you just have to build an interface (trivial with something like a Raspberry Pi and a set of amplifiers). Maybe Cryptosteel anded with a code you memorize. Or a Cryptosteel that decrypts a Trezor wallet that is protected with a passphrase. Might be too easy to hack. Then again in 100 years a Trezor
s physical security would probably be trivial as well.

Hm. Do I really want to dunk my head in a tank of liquid nitrogen?

There might be some reasons to want to secure your bitcoin beyond one or two generations, but I think that it is better to discontinue with your scenarios about being able to come back in a future life... that's fucking ridiculous.  We have to be more practical in terms of our own finite lives and our financial and psychological plannings around our inevitable deaths... there are way the fuck more chances for life extension than being able to come back and even life extensions are likely not going to give you a whole hell of a lot of time.  So more practical is just to think of how you are going to spend your bitcoins while you are still alive and the extent to which you might want to pass some of them down.. Of course, you lose a decent amount of control when you pass down, and trusts that you control can usually only go a bit beyond the measurement of any life in being at the time that you create the trust... within the vast majority of common law rules against perpetuities principles.

[JayJuanGee]

...

r0ach HATES crypto, I get that, but his commentary ought to be read by anyone here at W.O. who is over 30 - 35 or so...

Gold just touched $1500, and is at new ATHs in various FIAT$ around the world.

I have always believed in serious diversification.  I HODL BTC (plenty!), and watch it every day.  A pot-watcher.

Nonetheless, gold has 6000 years of proven value.  That IS meaningful.  Whether or not it retains its role into the future as the numeraire of all value assets remains to be seen (of course).  That is why diversification is so important.

NO ONE knows what will happen.  Not Shelby, not r0ach.  But, having an open mind is a great and wonderful thing.

You think that we need more hopium gold pumpers in here?   fuck.

[JSRAW]

"Media on Bitcoin:

2010: "what"
2011: *laughs*
2012: *laughs*
2013: *laughs*
2014: *laughs*
2015: *laughs*
2016: "Bitcoin used by criminals"
2017: "Bitcoin is a bubble"
2018: "Bitcoin wastes energy"
2019: "Bitcoin is safe haven and digital gold! Buy it!"

That escalated quickly."

https://twitter.com/Rhythmtrader/status/1158841530532188160?s=19

[epilido]

I wonder: Would a Trezor survive liquid nitrogen?

Half-jokingly...USB connector tech has to survive too, which is not likely.
Maybe you can use a microscope to get the info, though.
Here is something regarding 11th century (and nearby) tech.
https://en.wikipedia.org/wiki/Medieval_technology
Well, interestingly enough, wheelbarrow was invented back then (in 12th century).

This is not quite 100% a joke: If you really believe Bitcoin is the shit, and it will be worth more later then there is a certain logic with dying with some, then being revived later, remembering your passphrase from long term memory, and having the whole money thing taken care of.

12th century paper and such is quite readable even now, as are long dead languages. It's not impossible to read an 8 inch floppy or a 1950's era core memory you just have to build an interface (trivial with something like a Raspberry Pi and a set of amplifiers). Maybe Cryptosteel anded with a code you memorize. Or a Cryptosteel that decrypts a Trezor wallet that is protected with a passphrase. Might be too easy to hack. Then again in 100 years a Trezor
s physical security would probably be trivial as well.

Hm. Do I really want to dunk my head in a tank of liquid nitrogen?

Ummmm....just remember the seed and tattoo the I have bitcoin message.  If you can’t rember the seed then the reanimation was ....