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

[realr0ach]

Correction: most men and most women are pieces of shit.

Someone forgot to build a contigency plan for a sphere of non-linear time with any grasshopper you ever stepped on, you'll eventually live as it with the grasshopper living as you (except Jews which are actual demons).

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[jojo69]

We have warned you repeatedly to stay away from these guys.

Don’t come crying to us when they collapse.

.

[Hueristic]

Boys a bit movie OT.....

But F*** i’m seriously looking forward to see The joker...

I wish Heath Ledger was around to do it.



Right after i saw him do the joker I went out and bought this for the hell of it.

I never did bother reading it though.





Amusingly enough i've been on the same meds that killed him for over a decade now.

[Hueristic]

I figure I need about $30k BTC to have a 'shot' at even getting dinner with her. Of course, she would have to be a Bitcoin Gold Digger.

Then again, I"m an old pervert for suggesting the above.

Meh! We all have our faults.

(Amazing how much more attractive I become to the world as Bitcoin goes up in price, go figure)

Brad

We are all dirty young men until we become dirty old men and its tough to tell exactly when that happened.

We have warned you repeatedly to stay away from these guys.

Don’t come crying to us when they collapse.

.

ad nauseum

[Hueristic]

That's because the media has more and more control over the kids instead of their parents who work more and more. Parents should raise their kids and not reality shows like Jersey Shore, Kardashian's "reality show" and many others. Or movies like The Wolf of Wall Street where they show the worst case possible which becomes some sort of a new idol for many crypto traders.

I hope you guys make a ton of money with bitcoin so you can spend more time with your kids, if you have them.

It's the parents who give that control because they're both lazy and it's easy.

Sad state of affairs really

I blame the Nanny state, the courts have taken away the tools parents need to instill respect onto a under developed brain. Those tools always boil down to pain, there is no way around it and no substitute. The only way to learn not to play with fire is to get burned. You can yell until your head pops off and they won't listen until thy have the fear of pain associated behind those words.

I'll give you an example. My buddy was beaten by a step dad growing up and swore he would never hit his kids. I told him there is a massive difference between beating and spanking but he wouldn't listen. So after about 6 years and three kids of never laying a hand on them they were ruling his life and telling him to fuck off and basically ignoring everything he said so he finally lost it and started yelling at the top of his lungs at the little pricks and guess what? The neighbors called the cops and he got charged with "verbal Abuse" !!! That poor bastard just couldn't catch a break.

Moral of the story is if you have the tools to teach them then you will never get to the point of losing your mind and you might actually raise a child with some respect for others which is sorely lacking in these full of themselves little shits that are running around now.

[Arriemoller]

cme chart.

cme chart.

stamp price or gtfo

Stamp chart is used for the bitmex price. (one of them) I saw a few times a huge manipulation on the bitstamp because it's easier to crash or pump the market and liquidate longs or shorts on the leverage exchange.

Are you seriously proposing that we reopen negotiation on the Vegas accords of 2015?

Do you have any idea what a can of worms that would be?

I really don't know what are you talking about and why do you have such a problem with my chart.

We have an understanding in this thread, that we only use Bitstamp prices.

[jojo69]

We are all dirty young men until we become dirty old men and its tough to tell exactly when that happened.

I know precisely when it happened.  I remember it well.  I was at the local grocery picking up a few things.  As I moved down the aisle toward another shopper I noticed her pull her child closer...the look on her face I had never seen before.  I had to look at myself, tattered jeans, rotting army coat, and I realized that I was no longer that cute, harmless, punk rock kid, but a possibly homeless middle aged man.

[jbreher]

cme chart.

cme chart.

stamp price or gtfo

Stamp chart is used for the bitmex price. (one of them) I saw a few times a huge manipulation on the bitstamp because it's easier to crash or pump the market and liquidate longs or shorts on the leverage exchange.

Are you seriously proposing that we reopen negotiation on the Vegas accords of 2015?

Do you have any idea what a can of worms that would be?

I really don't know what are you talking about and why do you have such a problem with my chart.

We some militant subset of us have an understanding in this thread, that we only use Bitstamp prices.

FTFY

[Hueristic]

We are all dirty young men until we become dirty old men and its tough to tell exactly when that happened.

I know precisely when it happened.  I remember it well.  I was at the local grocery picking up a few things.  As I moved down the aisle toward another shopper I noticed her pull her child closer...the look on her face I had never seen before.  I had to look at myself, tattered jeans, rotting army coat, and I realized that I was no longer that cute, harmless, punk rock kid, but a possibly homeless middle aged man.

Bummer man, some chicks are like that to anyone they don't know, as well.

[JayJuanGee]

I love this game. It is soooo easy to be profitable trading bitcoin. You just need to buy and buy and buy and buy and buy and buy and buy and buy and buy and buy and buy and buy and buy... If it drops its a gift... Just buy and buy and buy and buy and buy and buy and buy...

That's quite the sophisticated strategy that you got going there, becoin.  


 

I predict a violent price explosion within the next 5 days. The spiral spring is charged and ready to release it's energy.

Maybe September 1st?!

Missed only by one day!

You suck!!!!!!!!!


 

[realr0ach]

My review of Bitcoin and it's CEO JayJuanGee:

[jojo69]

We got any Brazilians in here?

[JayJuanGee]

If I think about the current price of Bitcoin now and BTC price in about 5 years, this current $10k is cheap as hell! I'm stashing as much I can! See yaa in 2024, if anyone of you survive HODLING till then! hehe

Price of Bitcoin in 2024 atleast $350k?

Why are we NOT going to see you until 2024?   

Are you going to be in jail until then?  Or in some other kind of incommunicado status?

I think that we will have decent BTC price performance that comes before 2024, and maybe even another run up by the time we get to 2024 or might take until 2025 or at the latest 2026 for another BTC price run. 

By the time that we even get to 2024, I will probably already be having quite a bit of my funzies state of life and be in a
 BTC spending status before we reach 2024... I imagine.   

Surely, I am still likely to have a decent stash of BTC by 2024 or 2026, but likely not as many as I have today..maybe 70% of today's quantity...  I haven't quite thought through it that far in advance and how my spending of BTC might play out..

[JayJuanGee]

Interesting RE-themed discussion going on here. Some ideas are really bright, some are worth looking into. I'm also considering to invest in RE but I'm still a bit hesitant because I own a property I rent out so I can confirm some issues mentioned by gentlemand do exist (well ok maybe he's exaggerating a bit) but it's a PITA to manage/maintain your property and also communicate with renters/neighbors etc...  frankly I can't imagine how I could manage all that say x8 for 8 apartments that's a nightmare...    

8 apartments would be a full time J.O.B... even with a manager.  You are managing the manager, or they are taking a BIG ass cut.. hopefully, they earn their cut or are otherwise taking care of matters with sufficient due diligence?

[JSRAW]

Libra got some fan in ECB, one of the board member using cute words for Libra

Reuters: Europe should ignore 'treacherous promises' of Facebook's Libra currency: ECB's Mersch

FRANKFURT (Reuters) - Facebook’s (FB.O) proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy and Europe should ignore its siren call of “treacherous promises” ECB board member Yves Mersch said on Monday.
“Depending on Libra’s level of acceptance and on the referencing of the euro in its reserve basket, it could reduce the ECB’s control over the euro, impair the monetary policy transmission mechanism by affecting the liquidity position of euro area banks, and undermine the single currency’s international role,” Mersch added.

Like regular currencies, Libra would be highly centralized, an “extremely concerning” setup since it is not backed by a lender of last resort and it is ultimately accountable to shareholders, who are not seen as repositories of public trust, Mersch added.

“It is scheduled for release in the first half of 2020 by the very same people who had to explain themselves in front of legislators in the United States and the European Union on the threats to our democracies resulting from their handling of personal data on their social media platform,” Mersch added.

Given these challenges, European regulatory and supervisory authorities need to assert jurisdiction over Libra and also need global cooperation to mitigate its risks.

“I sincerely hope that the people of Europe will not be tempted to leave behind the safety and soundness of established payment solutions and channels in favor of the beguiling but treacherous promises of Facebook’s siren call,” Mersch added.

Bloomberg :ECB’s Mersch Says Siren of Libra Is Beguiling But Treacherous

[JayJuanGee]

Make your own conclusion.

https://twitter.com/inmortalcrypto/status/1168215051385430016

I'm fine this too, $500,000

I really like the look of this projected chart, especially the next ‘crash’ which shows the price at still over the current ATH. I can definitely live with that.

It's a bit bullish.

Of course, it could happen like that, but having a correction that only takes bitcoin back down to $60k as its low seems god-damned optimistic.

Compellingly so.

 

 

Looking at 2024 onwards makes me drool like a idiot....  
$6M per BTC or higher ...

Will be curious if BTC plays out anywhere nearly as bullish as that projection, especially if you are expecting a similar trajectory in 2024.  I am not saying that it could not happen, but I just have a hard time imagining such a bullish scenario. 

I will have to be getting gold-platted elderly diapers. 

Won't know how to spend all of the money.

might have to start buying alts (like some other filthy rich peeps) in order to throw a sufficient amount of my money away.

I believe, but I am not sure, if I would want to live frugally like warren buffet in my old age.

[JayJuanGee]

I really like the look of this projected chart, especially the next ‘crash’ which shows the price at still over the current ATH. I can definitely live with that.

The problem with that chart is, the other 4 chars I shared were predicting $80-100k as the top, this one says it can go as high as $500k.

Where is the problem? If this one happens to be true and the others not, I won't be having enough btc to enjoy that  $500k. I know I'll be having at least 1, but is it enough?

People will he cashing out to lambos like there is no tomorrow once we go above 50-60k. I find it pretty unrealistic to see it going above $100k in this bull run but who knows... what if...

It seems that you should prepare for both realistically bullish and outlandish scenarios, including the possibility to that we reach $500k in the next cycle.

Based on my knowledge of your BTC holdings, to me, it does seem as if you would be selling too much if you are down to 1 BTC anywhere after (or above) $100k.  

On the other hand, it might end up working out for you to sell higher amounts, yet it seems that you gotta figure out what level is actually comfortable for you, even  if it seems extreme and unlikely to happen.

There were surely some BTC HODLers who thought that $5k was the absolute top in the 2017 cycle and maybe they had only 1BTC after that, but then they were then paralyzed in selling it above $10k too because they felt that they had already sold their stash or shot their wadd by too much and too early.

My current 'feel' is pretty much inline with planB major thesis.
Unless something happens to break it, I would use his graph as a guideline.
Predicted value is 55K at the halving, then slowly moving about 2-3 fold from there toward next halving.
However, going backwards, btc was "supposed' to be at $3700 when it peaked at almost 20K, so it was roughly 6X predicted.
Therefore, the range of the next ATH is most likely 55k-330K with about 180-190K mid range.
When to sell depends on when the true parabola starts going fast.

TL;DR If planB is correct, we are going to 55K-330K as the next ATH. Midrange target of 150-200K is very appealing, albeit I might sell some at 120K. t

I know that I suck.

I am going to just keep with my plan to sell in the ball park of the same amount that I have been, which is about 1% for every 10% rise or 10% for every 100% rise, which has been working out quite well for me, and I never have to worry about either running out of BTC or attempting to time the top (or the bottom for that matter because some of the sale proceeds will go towards buying back BTC on dips, which seem inevitable, even if they are not really occurring during exponential price runs).

I cannot remember who said (I think marcus of augustus?) that once the BTC price rises 100% in less than a month, then you have a pretty good idea that the blow off top has been reached or is coming soon.  I am not sure if I am going to feel inclined to sell a bit more if we reach a "blow off top" of that significance (and even wondering if such a blow off top is going to happen again).  

A question could also be how much of a correction we are going to have.  One problem with making BIG sales amounts is putting a BIG value on any particular exchange, even if it is just for the period in which the BTC prices are high... sometimes it might feel like you are putting too much value on an exchange... and then making sure that your bank does not overreact, either... and the LARGE amount could get locked up, perhaps?  Perhaps?  Some of the BIG liquidation avenues seem to be getting more and more draconian with the passage of time, but if you attempt to clarify ahead of time, then could save some pains, perhaps?  Perhaps?

[JayJuanGee]

.... well if it's this bullish and afternoon in china, just think of how bullish it will be in 4 hours.

Posters are saying that we will retest $420... but the price on stamp is NOT going below $430... so maybe we are going to bounce into the upper $400s before the weekend... no more test of the downward, maybe?  Price seems inclined to go up... at this point....

OMG, bitcoin is now below $420.

.
.
.

Oops, I mean below $10420.

hahahaha

A blast flash from the past.   My how times have changed, so quickly... seemingly so... Is there any investment that is going to take us so far... and remember in early 2014... I may have been short-term correct, but in essence, I was wrong for about two years, because, if I recall correctly, we did not get back above $420 in any kind of material and meaningful long term way until May 2016.. and at that point, sub $500s became a thing of the past - even if we touched upon $500 briefly during the August 2016 Bitfinex flash crash dippening.

[JayJuanGee]

\

~Snip
and it might even end up being on thursdays...   go figure.      

Sacrificing Bhai?

I try to do my part, when I can.     

[Negotiation]

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~Snip
and it might even end up being on thursdays...   go figure.      

Sacrificing Bhai?

I try to do my part, when I can.     

@JayJuanGee sir have a question people used "FTFY" (maybe using easier) what is the full meaning of abbreviation "FTFY".