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

[bitserve]

I already responded both that your facts are not correct and also,

So you're asserting that the charts I posted links to contain fraudulent figures? Interesting. I don't believe your assertion is correct, so I will tentatively conclude that you are delusional on these additional matters of fact.

I'll be happy to rescind my conclusion of delusional, just as soon as you post links to credible evidence of corrected data.

... and even if you might be using some actual facts ... emphasizing facts (if true) in your favor

I know that at one time, in about late 2017, you and your buddy, PeterR were advocating 50/50 or some baloney like that

Nope. You misrememberate. I think Peter suggested just not divesting your other Bitcoins. For my part, I have divulged several times that I have several times the number of BCH, and of BSV, than I do of BTC, though the dollar value of my BTC exceeds the rest of my holdings. And no, I do not feel stupid about it. I fully expect total vindication upon the onset of Blockalypse II. Even if not, I am doing just fine, thankyouverymuch.

That is not much materially different than I had remembered, and of course, you are trying to say that you have some different holding and allocations phylosophy from PeterR.

Nonetheless, it sure it is good to figure out some of these stakes from time to time (even for the benefits of other readers of this thread who might read some of you frequently bitcoin naysaying posts), and surely even though I disagree with you opinions in terms of your choice to hold onto those two shitcoins (bcash variants ABC and SV), I disagree with you pumpening baloney Bcash crap here, but it is laudable that you, at least, to give us some ideas about the approximate ratios of your bcash bag holdings, especially if you are going to be making certain kinds of uptalking attempts of those bcash variants and attempting to suggest that such talk is somehow relevant to this thread, including your ongoing bitcoin neggings..

By the way, even though you are saying that your dollar value held in BTC is greater than BCH and BSV, that would not be too difficult to accomplish by even holding 10x more of each of those stupid ass shit coins, based on current BTC dollar values, but yeah, perhaps there will be some kind of pumpening of those coins, but I doubt that long term holding of those coins would be prudent, nor vindication likely, as you are suggesting, but surely if your money is where your mouth is, then perhaps that is some kind of credibility... even if still seeming to stretch the concept of relevance, here, especially when a kind of meaningful vindication, such as either of those shit projects gaining meaningful network effects to supplant bitcoin (which seems to be what you are suggesting to be not only plausible but likely) seems to be quite a long shot - maybe even in the less than 1% scenarios of likelihood, similar to roach's seeming planning and preparing for Armageddon.....

IF jbreher would make public his actual holding figures maybe his position would be more understandable. He is basically hedging a more than winning bet in either case. He probably doesn't even "need" (as in won't ever spend) as much Bitcoins as he actually still have. And he is somewhat deluded into thinking that the possibility of a "blockapocallipse" is much higher than it really is... so he does hedge his chances knowing that even if he is wrong in his stance about BCH/BSV he will do (very) well. It will just be a small and almost unnoticeable dent on his total net worth. And if he is (he won't) right then double win.

This is a clear case of YMMV and "don't try this at home". His situation is not the average Bitcoiner one. Again, don't fucking try to do this unless you have so much BTC you feel like you need to do something about it... and recklessly blowing it all on lambos, whores and coke is not your thing.

[Hueristic]

CSW rekt:

https://twitter.com/wizsecurity/status/1161338703710568448

So he can he be charged for these fraudulent actions?

[Syke]

If there is no trust with actual 1.1mil btc and by actual I mean btc for which the trust has private keys for, then it is even more idiotic than i thought.
Let's toast to this!

Highly unlikely such a trust actually exists.

[jojo69]

Here is nothing free in this world.

If something is free, YOU are the product

Can't remember where i got this from, but it's true most of the time.

old Adbusters slogan from the 90s at least

[HairyMaclairy]

CSW rekt:

https://twitter.com/wizsecurity/status/1161338703710568448

So he can he be charged for these fraudulent actions?

Theoretically possible but unlikely

CSW will probably end up losing the law suit and have to pay the costs of Ira Kleiman.  But Ira Kleiman is suing to recover something that doesn’t exist so Ira can’t win in any meaningful sense.

So it will all wash away in a wave of bullshit and the BSV shillboys will proclaim it a miracle for BSV.

Someone will jump on something the judge says in the judgement and hold it up as proof that a US court has ruled that CSW is Satoshi.  Of course it won’t say that, but shillboys will believe anything.

[Hueristic]

CSW rekt:

https://twitter.com/wizsecurity/status/1161338703710568448

So he can he be charged for these fraudulent actions?

Theoretically possible but unlikely

CSW will probably end up losing the law suit and have to pay the costs of Ira Kleiman.  But Ira Kleiman is suing to recover something that doesn’t exist so Ira can’t win in any meaningful sense.

So it will all wash away in a wave of bullshit and the BSV shillboys will proclaim it a miracle for BSV.

Someone will jump on something the judge says in the judgement and hold it up as proof that a US court has ruled that CSW is Satoshi.  Of course it won’t say that, but shillboys will believe anything.

Yeah, this sounds likely.  there is something about being charged for frivolous lawsuits but that would fall on the plaintiff I think. Which is ironic considering csw is the king of those...well trump is really.

[rebal15]

https://www.coindesk.com/goldman-sachs-analysts-note-says-nows-a-good-time-to-buy-bitcoin
Do you see stupid manipulation? Where were they when btc was $4k.
Goldman sachs bullish on what they called scam. Dump it.

[jbreher]

I already responded both that your facts are not correct and also,

So you're asserting that the charts I posted links to contain fraudulent figures? Interesting. I don't believe your assertion is correct, so I will tentatively conclude that you are delusional on these additional matters of fact.

I'll be happy to rescind my conclusion of delusional, just as soon as you post links to credible evidence of corrected data.

... and even if you might be using some actual facts ... emphasizing facts (if true) in your favor

I know that at one time, in about late 2017, you and your buddy, PeterR were advocating 50/50 or some baloney like that

Nope. You misrememberate. I think Peter suggested just not divesting your other Bitcoins. For my part, I have divulged several times that I have several times the number of BCH, and of BSV, than I do of BTC, though the dollar value of my BTC exceeds the rest of my holdings. And no, I do not feel stupid about it. I fully expect total vindication upon the onset of Blockalypse II. Even if not, I am doing just fine, thankyouverymuch.

<<... deflection continues ...>>

Lest we forget which facts JJG asserted are incorrect:

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more precisely, Blockalypse I.

OK, actually only the first two were facts. The last paragraph was merely a rational conclusion based upon those preceding facts.

[jbreher]

And he is somewhat deluded into thinking that the possibility of a "blockapocallipse" is much higher than it really is...

You may wish to ponderate upon this trend line: https://www.blockchain.com/en/charts/avg-block-size?timespan=all

[smartcomet]

https://twitter.com/gravitywave2/status/1161270170003955712

Prediction based on past performance gets harder with this new front-running paradigm we're seeing in bitcoin. Here demonstrated by how the present bull market won't let price act within a nice channel at a less steep slope than the previous (yet at least).

[JayJuanGee]

no green pump today

Another digital shitcoin scammer vanquished by the savage sword of r0ach the physical silver barbarian.

You gotta zoom out a bit, Roach.

Yeah, maybe some of your old-school PMs are doing relatively well in the short-term; however, if you come at the matter from a broader angle, those PMs have not faired too well, relative to bitcoin, and the future is likely to show a similar history in which, relatively speaking, bitcoin out performs them, by leaps and bounds.

So, yeah, revel while it lasts in some of your short-term pumpenings of various PMs including gold and silver.

[HairyMaclairy]

I already responded both that your facts are not correct and also,

So you're asserting that the charts I posted links to contain fraudulent figures? Interesting. I don't believe your assertion is correct, so I will tentatively conclude that you are delusional on these additional matters of fact.

I'll be happy to rescind my conclusion of delusional, just as soon as you post links to credible evidence of corrected data.

... and even if you might be using some actual facts ... emphasizing facts (if true) in your favor

I know that at one time, in about late 2017, you and your buddy, PeterR were advocating 50/50 or some baloney like that

Nope. You misrememberate. I think Peter suggested just not divesting your other Bitcoins. For my part, I have divulged several times that I have several times the number of BCH, and of BSV, than I do of BTC, though the dollar value of my BTC exceeds the rest of my holdings. And no, I do not feel stupid about it. I fully expect total vindication upon the onset of Blockalypse II. Even if not, I am doing just fine, thankyouverymuch.

<<... deflection continues ...>>

Lest we forget which facts JJG asserted are incorrect:

From end of 2017 Feb to mid 2017 Jun, BTC dominance plunged from over 85% to below 40%.
https://coinmarketcap.com/charts/#dominance-percentage

The beginning of 2017 is when blocks started becoming persistently full.
https://bitinfocharts.com/comparison/bitcoin-size.html

The loss of dominance was due neither to BCH nor ICOs. 'Twas the Blockalypse. Or more precisely, Blockalypse I.

OK, actually only the first two were facts. The last paragraph was merely a rational conclusion based upon those preceding facts.

My dear bear, correlation does not equal causation

A crypto bull market will shrink Bitcoin market dominance

A crypto bull market will also increase Bitcoin transactions

Guess what: both of these things happened

[HairyMaclairy]

For fucks sake JJG.  We discussed this yesterday. I asked you quite nicely not to quote Roach.

Ignored for a week for quoting Roach.

[bitserve]

And he is somewhat deluded into thinking that the possibility of a "blockapocallipse" is much higher than it really is...

You may wish to ponderate upon this trend line: https://www.blockchain.com/en/charts/avg-block-size?timespan=all

Nothing to worry just yet. Segwit and tx batching doing its job to increase capacity. And nothing a moderate (ie 2x) additional block size increase plus some LN adoption couldn't solve.

I never said we won't need SOME block size increase. Quite the contrary. But forking to go full retarded on 1GB blocks is... well... just retarded.

That being said, I understand your hedging.  If you believe there is a significant chance for a "blockapocallipse" severely hitting Bitcoin in the near future then... well... maybe your putting (some) of your money when your beliefs are...

Even if that were the case, crypto (as a whole) would be severely (if not deadly) hurt.

Ouch... third dumping leg... probably time to BTFD.

[realr0ach]

For fucks sake JJG.  We discussed this yesterday.

Ignored for a week for quoting Roach.

[jojo69]

You gotta zoom out a bit, Roach.

Yeah, maybe some of your old-school PMs are doing relatively well in the short-term; however, if you come at the matter from a broader angle, those PMs have not faired too well, relative to bitcoin, and the future is likely to show a similar history in which, relatively speaking, bitcoin out performs them, by leaps and bounds.

So, yeah, revel while it lasts in some of your short-term pumpenings of various PMs including gold and silver.

Well, we almost made it 48 hours without another ignore...

[aesma]

Posting seriously is hard enough, I don't understand how someone can troll that much, unless paid for it, and even then, I wouldn't want that job !

[JayJuanGee]

OK Wall Observers!
[pumping shitcoins]

You are sounding desperate, RoomBot?

Did you not have enough BTC dip in the past year and a half to be able to accumulate some more BTC without having to resort to shitcoin pumpenings?

Is there no shame, anymore?

[JayJuanGee]

It will be a downwards move IMO.





As said previously in this thread, sold last week around 11.6k, now placing an order buy at 10.6k.

Confident on this one.

We just came from 10.6 not long a go..... why didn’t you bought Then....  

Because he is a chart pundit. But there is another solution to his linear problem, besides a crash to 10600 now. If he draws a parallel line at 11400 he will get another crossing point in a week or two if that is what he is looking for.   Oh dear, such n00bs are cracking me up with their charts skills   I would bet that they will hardly get more than 30% profit in a good bull year with a 400%+ increase like the present. And then they will come here full of pride and joy and teach the holders with 100x profit.   Hilarious!

Thanks for your support, bro!


On a serious note, with my current job, after rent, food and personal expenses I can save circa 700 euros a month, on average. Since we all agree the price of BTC will eventually get to 50k, right? Then I should buy 700 euros of BTC per month, no matter the price, as long as it stays below 50k, correct?

Now that sounds like a great strategy. Will make me rich in 2 or 3 years time

Great idea to buy with your income.


What are you going to do?  Are you borrowing?  Mortgaging the house?  selling everything in order that you can make 5x in a few years? 


You do know that 5x is not guaranteed, too, right?

[JayJuanGee]

  I realized you are thinking to invest all your free money. That's not exactly what I do. I invest %20-40 of that free money but it used to be higher when btc was below $10k. At some point I was going all in with my free money but not now. This shit is complicated and I don't think anybody knows what he is doing. If btc goes to zero right now, oh man that would be so big it would trigger a world war. Think about all those people and their life savings in btc. :O

It does not seem to be a bad idea to have an investment plan,  even if it is investing 100% of free money, as long as the person has enough money to cover all expenses, including emergency expenses, and also be prepared for the BTC price to go down, rather than up - and expect not to access your BTC for a decent amount of time - maybe 5 years (but if the price comes up to a better price, then of course you can adjust your plan and to cash out some earlier than 5 years because the market is performing better than expected.

But the difference between guys like me, and arrogant guys like ivomm (ivommit?) is that the second lot will likely never dare to sell on time.

I have sold several times since I first bought in 2017, and what was 1 BTC originally became 1.38 BTC with time. That's what "know-it-all" ivommit does not understand  

Bitcoin price has some many ups and downs that it is quite easy to do, much easier than on the stock market.

I won't lie, sometimes I had to wait 8 months for the price to go where I wanted, but it always went there eventually. I dared to press the sell button and that will help in the future, people who never pressed the sell button may feel incredibly nervous to the point that maybe they will never sell until BTC disappeares? (let's be honest BTC dying is also a possibility).  



PS: about the edit part, I was obviously sarcastic about buying 700 euros of BTC per month (my average monthly savings), that would be incredibly dumb to do. No need to explain why.   

I doubt that there is any need to compete against other guys (gals) or to suggest that your plan is better than theirs.

Hopefully, each person tailors his/her plan to his/her own situation and is able to figure out what is preferable.

Just like you are willing to wait 8 months or longer for your target, there are also plenty of BTC hodlers who are willing to wait 5, 10  or 20 years while employing an accumulation and HODL strategy that does not involve selling any BTC.. just continue to buy and accumulate.  Those people have historically become rich, and there is no reason to believe that the future might not have some similar patterns as the past. 

There is also a gamble with any kind of HODL and accumulate strategy that involves the possibility that bitcoin can  go to zero.  Of course, any prudent strategy should consider that possibility and be prepared to lose everything or to have some kind of cash out plan if such situation seems to be coming.. there are also some who are more than willing to hold to zero, if that is what happens.  Currently, BTC seems to have a whole hell of a lot more of them holders of last resort than any other currency, who will likely not only hold but will likely continue to buy all the way down to zero, which decreases the chances of BTC actually going to zero.