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

[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.

My dear bear, correlation does not equal causation

No argument there. However, correlation does form the basis of a rational causation hypothesis.

OTOH, your example was noncorrelation. Which is quite a bit further from equaling causation (i.e., in direct opposition from) than is correlation.

A crypto bull market will shrink Bitcoin market dominance

Speculation based upon facts not yet entered into evidence.

[jojo69]

Congratulations Mic, well earned...and welcome !

[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.

Who gives any shits about  your attempts to describe bitcoin as broken with a bunch of made up bullshit, 

See, this is the salient point, JuniorJiggly: I am posting facts with links to supporting evidence, and you keep characterizing them as 'a bunch of made up bullshit'. You are being Deceitful, Dishonest, and Dissembling.

[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

Has nothing to do with a "blockalypse" because the blockalyse never happened.

Blocks became full, Dominance plummeted. If you don't like the name Blockalypse I for this sorry state of affairs, then good for you. Stick your metaphorical fingers in your ears or bury your metaphorical head in the ground - your choice. For my part, I find it an apt and fitting description.

It simply means blocks are becoming increasingly full.

Exactly. And when they become persistently full once again?












Blockalypse II. Where the masses again abandon BTC for some other chain that actually allows one to quickly and inexpensively transfer value.

[jbreher]

https://www.theblockcrypto.com/tiny/samsung-quietly-adds-support-for-bitcoin-to-its-blockchain-keystore/

That's cool, I guess.

This bit puzzled me however:

The support, however, is limited to six devices - Galaxy S10e, S10, S10+, S10 5G, Note10, and the Note10+, and is restricted to seven countries - Canada, Germany, South Korea, Spain, Switzerland, the U.S., and the U.K.

What - if you replace your phone or move elsewhere, All Your Corn Are Belong To Samsung?

[VB1001]

https://bpip.org/profile.aspx?p=micgoossens

Many WO,s with good numbers here.

[Raja_MBZ]

Congratulations Mic!

I miss those days when I used to have more merit than you. It was something like 600 vs. only 300, now it's 899 vs. 2448.

Three things I'm absolutely sure of:

1. My death.
2. Bitcoin reaching $100k in the next five years.
3. I'll NOT beat Mic in terms of merit ever again.

[hd49728]

Gravity force shows its effects on price again. I still don't find reasons of recent drop. Are there any news released minutes ago?

[fillippone]

Gravity force shows its effects on price again. I still don't find reasons of recent drop. Are there any news released minutes ago?

Sellers more aggressive than buyers.
Financial Markets are in disarray



Gold is healthy + 17 USD atm
1 BTC= 1 BTC

No reasons to worry.

[RoomBot]

Here is nothing free in this world.

Bull.....  It's called an airdrop.

Almost everyone here has received free coins and tokens.

Dump 'em for BTC

FREE BTC!

[Hueristic]

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

Ignored for a week for quoting Roach.

Even on Thursday?

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.

Literally the only credible argument I have seen against a dynamic blocksize fork is getting consensus.

[btcbeliever]

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

[Raja_MBZ]

Three things I'm absolutely sure of:

1. My death
2. Bitcoin reaching $100k in the next five years.
3. -

How can you be absolutely sure?
I'm 80% sure, but anything could happen with Bitcoin, right?

Not really. Bitcoin has come a long way from where it began; there's no going back to the initial point anymore. Being 80% sure = not believing enough in bitcoin. Plus TBH, $100k looks quite close to me.

[VB1001]

Congratulations Mic!

I miss those days when I used to have more merit than you. It was something like 600 vs. only 300, now it's 899 vs. 2448.

Three things I'm absolutely sure of:

1. My death.
2. Bitcoin reaching $100k in the next five years.
3. I'll NOT beat Mic in terms of merit ever again.

You will also arrive, you are one step away from being legendary.

Here is nothing free in this world.

Bull.....  It's called an airdrop.

Almost everyone here has received free coins and tokens.

Dump 'em for BTC

FREE BTC!

I know, but I'm not interested, they ask for a lot of data, custionaries, participation in social networks.

[podyx]

Coming down to $8k?

[zhekinsp]

Coming down to $8k?

Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

[degxtra1]

Coming down to $8k?

Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed

[Raja_MBZ]

Congratulations Mic!

I miss those days when I used to have more merit than you. It was something like 600 vs. only 300, now it's 899 vs. 2448.

Three things I'm absolutely sure of:

1. My death.
2. Bitcoin reaching $100k in the next five years.
3. I'll NOT beat Mic in terms of merit ever again.

You will also arrive, you are one step away from being legendary.

Yeah, of course, I'm just a hundred merit away from getting to the legendary status. However, quite sure that I'll never be able to beat Mic in terms of merit.

Coming down to $8k?

Still well above 10K,hopefully no more four digit figures again.Hold your hands together!

no more 4digits

it's confirmed

Confirmed? By whom?

[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?

No but 10X, 20X are

Maybe I am a bit of a fud-dud?    I am feeling a bit bad about myself, and I have said this before.

I hope that bitcoin at least performs as well as the average of the rest of my various assets, at a minimum, which overall the average is about 5.5% per year over a bit over 30 years.  Of course, there have been some assets that have done better and some that have done worse, but my overall average is somewhat locked in place.

Actually, I have not really incorporated bitcoin into my historical average, because surely starting in late 2015, bitcoin's performance started to improve stupendously - yet still my overall portfolio, including the weighting of bitcoin's performance within my overall portfolio, did not really significantly start to skew the overall value of my portfolio until about early-to-mid-2017, so by then, both the size of the Bitcoin portion and the bitcoin price appreciation began to considerably skew the overall performance upwards, and probably if I knew how to perform a bit better calculations, I could probably incorporate those numbers into verifying the extent to which the overall performance of all of my investments improved merely because of the outlandish lopsided upside performance of BTC.

So, maybe I do need to up my numbers, and maybe even to estimate a new calculation of something like 8% per year or something like that?  but anyhow, I try to keep my expectations down, prepare for both positive and negative, and surely with those kinds of expectations, bitcoin has been outperforming any other aspect of my portfolio by leaps and bounds.

I don't really want to change my ways, because I think that my psychology and even my finances remain sound because of my creation of a historical practice that allows me to get rich and to stay rich with the passage of time, so I recognize that if younger folks have both less diversified assets and even a shorter investment history, then they might create systems that both expect higher returns, and perhaps they are going to be able to achieve them, too?  I am not sure if it is might be prudent for anyone to make sure not to put everything into bitcoin and to have his/her expenses covered - maybe even to be able to outline a year or more that cashflow is assured to cover all expenses (including emergency funds), and then maybe with the remainder value 100% of that remainder value could go into bitcoin.  that might work, but still does not seem healthy to expect 20x returns, even though 20x returns could happen, so in that regard, preparation for 20x returns is still accomplished even though expectations are not overly inflated which could cause a kind of recting, too, if expectations are too high.

[Searing]

Meh!

My stats on BPIP. Seems I have trusted too many 'dubious' people on here!

https://bpip.org/search.aspx?q=Searing

https://bpip.org/profile.aspx?p=Searing

Brad