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Question: Sept. 21 Closing Price:
$0 - 2 (2.7%)
<$8,000 - 4 (5.5%)
$8,000-$8,500 - 1 (1.4%)
$8,500-$9,000 - 1 (1.4%)
$9,000-$9,500 - 2 (2.7%)
$9,500-$10,000 - 4 (5.5%)
$10,000-$10,500 - 12 (16.4%)
$10,500-$11,000 - 15 (20.5%)
$11,000-$11,500 - 16 (21.9%)
$11,500-$12,000 - 4 (5.5%)
>$12,000 - 7 (9.6%)
>$20,000 - 5 (6.8%)
Total Voters: 73

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21363901 times)
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Ludwig Von
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September 03, 2019, 08:57:21 PM


Well, I didn't find it on a linear scale anywhere, so I just made one for you myself:



TBH, this one doesn't look so cool as it looks like something flat just went up. BTC has always been a lot cooler on a log scale.

That is of course true, looking cooler on log. But I also like lin, it gives a more realistic image. Thanks, weldone!
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Wilhelm
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September 03, 2019, 08:59:59 PM

^
Also lovely post, maybe have to do something with me sitting alone in an Italian cheap resto eating a good quality tagliatelle with 2 wines till now Smiley

Btw i'm not lying BoB is like my

CULT CLASSIC of bitcoin talk, like Quentin Tarantino is my CULT hero in Movies Cheesy

Do you ever eat or drink at home?  Grin
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September 03, 2019, 09:05:34 PM


If somebody could pull an average diagonal line and add in some future predictions?
That’d be great!  Kiss

Edit: seems to be 2.45x on average. So next year is 25k then 125k...
HairyMaclairy
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September 03, 2019, 09:12:22 PM

When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

When you do you think we will break out of the flag?
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September 03, 2019, 09:22:12 PM

When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

When you do you think we will break out of the flag?

I think we will break in maximum 1 month, possibly sooner. But things can change. That's my thought from today's prospective.
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September 03, 2019, 09:28:30 PM
Merited by JayJuanGee (1)

When there is too much bullish graphs i start to get worried.
But WO made a few very bullish graphs when most of others were calling a breakout to the downside. Which didn't happen.

When you do you think we will break out of the flag?

I think we will break in maximum 1 month, possibly sooner. But things can change. That's my thought from today's prospective.

Agreed. I think Bakkt will cause us to break upwards out of the flag.  I think a real risk of another mini blow off top in the next 30 days.  I would even say we have a 10% chance achieving a new ATH in September.

Appreciate your flexible thinking.  It is important not to get stuck in mental models.
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September 03, 2019, 09:39:12 PM


If somebody could pull an average diagonal line and add in some future predictions?
That’d be great!  Kiss

Edit: seems to be 2.45x on average. So next year is 25k then 125k...

Yeah but please pay attention this is just September 3 price and we all know what happened in December 2017  Cool
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September 03, 2019, 09:39:38 PM
Merited by VB1001 (1)

Hi there!

Nice to see price is still looking "fine" and with increasingly better prospects each time Q4 is nearer and this price levels keeps consolidating around/over $10K.

Too busy IRL to post as frequently as I was doing in the past but I keep reading WO almost daily and thought it was about time to greet you all.

Keep the good hodling guys, it looks like the chances to get handsomely rewarded for it in the long run are getting higher and higher.
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September 03, 2019, 09:47:15 PM


If somebody could pull an average diagonal line and add in some future predictions?
That’d be great!  Kiss

Edit: seems to be 2.45x on average. So next year is 25k then 125k...

Yeah but please pay attention this is just September 3 price and we all know what happened in December 2017  Cool

Yes, but still that did not change the next years situation. (Although the year between was, eugh, rOachish... .  Grin
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September 03, 2019, 09:50:14 PM


If somebody could pull an average diagonal line and add in some future predictions?
That’d be great!  Kiss

Edit: seems to be 2.45x on average. So next year is 25k then 125k...

125k? Or 61.25k? Tongue

~snip~

That is of course true, looking cooler on log. But I also like lin, it gives a more realistic image. Thanks, weldone!

You're welcome!
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September 03, 2019, 10:10:44 PM


Also, I have held a kind of tentative theory that alt coins are going to get another pump, along with bitcoin....


That is a widely held belief amongst alt hodlers/traders.  However, there is an older, and even more widely held view, that there is ultimately only room for a handful (or one dominant) long term globally adopted crypto.

That means that all the losers are on a long road to oblivion. This alt bear market is one stage on that road. It is simply natural selection. 

A hope for another pump is all that is left.  Interestingly, that chimes with investors' behaviour in stock investments.  They invariably hold losers to zero, hoping for 'one chance' to get out.

That's a fair assessment of something that is happening and likely to continue to happen in terms of the penny stocks (aka alt coins, aka shitcoins).  But, even with that theory, there may need to be a break out of one or two of the coins, merely to keep hope alive and to show that upwards escape is possible.

I am not going to invest in that crap, yet I can understand that whole potential for suckers in the altcoin space, even those not holding coins and wanting to get in to get rich quick remains   so damned BIG that there are a lot of suckers out there who might end up buying into that crap, and I am even hearing it marketed from time to time, even though we know that a lot of the various projects continue to play on the 2017 history.. and the possibility that such a season could repeat.

Even though I could see such outrageous exuberance happening in 2017, I did not buy into it because I was happy with my mediocre BTC performance whether we were 10x at $2,500 or 30x at $7,500 or even our ultimate 78x at $19,666.   There were some other coins that were performing better depending on how they were measured, and I did not give any shits about that, but during that process, there were a decent amount of folks bailing out of BTC (at least in part) and a large number either not holding any BTC or maybe only holding 10% in BTC.... but part of the problem may have been with that ongoing retail exuberance was that many of the snot-nosed 14 year olds might have only had access to a few thousand dollars as their initial capital, so they ended up becoming inclined to put everything into shitcoins.. and then maybe even attempting to ride them out for way too long, which ultimately even caused them to lose their initial investment, but they have likely continued to invest on the way down in a kind of martingale effort that has decent chances of paying off with something like bitcoin, but not so much with the shit coins that have decent chances to continue to go down and/or any temporary rebound of the shitcoin(s) continues to not be enough to get many of those folks anywhere near to above water in terms of their average investment costs.
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September 03, 2019, 10:42:52 PM

<snip>

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Same here, I am well off without Bitcoin and have a good standard of living. It is good to have acquired this by myself, which let's you know what you are capable of.

I don't know if I really feel comfortable taking a lot of credit for the situation - because before bitcoin, I was already heading for a kind of comfort level and even early retirement based on what I had already built - but at the same time, I was understanding that when I was going to go into that kind of early retirement, I was going to continue to have to act frugally in order to really be able to maintain financial cushions and just to maintain my standard of living while knowing that many people go into retirement on a kind of fixed income that ends up NOT really keeping up with inflation.   

I also had a retirement fund (a kind of 401k) that I had considered to be pretty damned decent as a reserve, but in late 2013, I was going to have to find other investment vehicles  because I was no longer going to be contributing to that particular fund, so it would just sit there in a tax free status and also to hopefully grow somewhat in value based on various investment options that I had with those funds.  So, in late 2013, I started investing in bitcoin as a kind of way to possibly supplement my 401k, as a kind of option that was not absolutely necessary for my survival, but I had a kind of preference that if my BTC investment could at least average around 5-6% per year, over several years, then at least the bitcoin investment would be performing on a very similar level as the historical performance of the 401k.   We saw what happened in 2014 and 2015 and during that time, my investment into bitcoin was mostly negative during that time, yet by early 2016, I was feeling a kind of close to breaking even level of BTC performance, and surely by late 2016, I was definitely feeling that my investment in BTC was averaging greater than 6% per year, and it was outperforming my 401k.  By early 2017, matters got even better, and only a few years of BTC investment was actually getting close to reaching parity with my 15 or so years of 401k investment, and geez with a bit more passage of time, I was seeing BTC to become equal in value to all of m investments combined (and had surpassed the value of my 401k)...   

So, I think in part what I am saying that my BTC investment seemed to have largely been a product of my having had already accumulated a decent amount of capital before I had invested into BTC, so when the opportunity came along, I was not desperate at all and I just put a decent amount of that available capital into BTC.   When I was younger I would not have had that kind of capital available, so I have some difficulties really speculating about what my younger self would have done.. and maybe I would have ended up playing the matter in a quite less prosperous way?  If I were to have had the option as a younger me?


As you say I am in not too young either, having Bitcoin will help me get to the point where you don't have to work ever... (even though I will continue to work).

Actually, it seems to me that having the option to work or not has a decent amount of empowerment.  But then there comes a certain point in time in which a guy might choose to hardly work at all because it is not worth it.... Part of the matter depends on if a guy has some other ways to consider self-fulfilling ways to spend time, that might become way more tempting than either the obligations of work or the feeling of the status that provides.  On the other hand, surely there can be certain kinds of work that really don't seem like work, even though they do end up bringing in money and there can be decent satisfaction of knowing that you don't really need that money, but you are not inclined to deny the income - and may even decide on dedicating some of the extra funds to philanthrope or something like that just for shits and giggles.


Getting filthy rich in your 20s is not good because you have never learnt what the value of money is. Chances would be that you have blown all your money before you are 40.

Yeah.. I am not really sure.  There are likely some younger people who can handle that filthy rich status quite well.  I would not have minded having the opportunity, but I had always kind of structured my life activities in a way that I was NOT really pursuing getting rich quick or anything like that (even though I knew a lot of people who were constantly pursuing such, and that did not really seem to be my inclination).  I tended to take conservative and slow investment approaches, but I suppose if I had gotten such opportunity to get rich quicker or even if I had something like bitcoin that had allowed incremental and self-directed investing, I might have gotten into something like that and ended up taking a quite different path in life.

I have never been a blow all my money kind of a guy, and I am thinking that I would have still been able to figure out something that would have merely caused me to get rich quicker (than I had been with my traditional investments) had bitcoin been available to me during my youth... but who knows for sure?   maybe I would have turned into a blow all my money kind of guy like you suggested to be the tendency of younger peeps?
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September 03, 2019, 10:52:39 PM


https://www.reddit.com/r/Bitcoin/comments/cz65ds/why_bitcoin/
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September 03, 2019, 11:29:04 PM

Burger King in Germany now accepts Bitcoin as payments - CoinJournal.co

https://twitter.com/redditbtc/status/1168969274184146947?s=21
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September 03, 2019, 11:30:04 PM

^
Also lovely post, maybe have to do something with me sitting alone in an Italian cheap resto eating a good quality tagliatelle with 2 wines till now Smiley

Btw i'm not lying BoB is like my

CULT CLASSIC of bitcoin talk, like Quentin Tarantino is my CULT hero in Movies Cheesy

Do you ever eat or drink at home?  Grin

Yeah, but we just having such a month......... Roll Eyes
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September 03, 2019, 11:32:27 PM

here we are again, stuck at the same range as one week ago. this bitcoin tries to kill us with boringness.

I'm not bored.
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September 03, 2019, 11:33:01 PM

Hi there!

Nice to see price is still looking "fine" and with increasingly better prospects each time Q4 is nearer and this price levels keeps consolidating around/over $10K.

Too busy IRL to post as frequently as I was doing in the past but I keep reading WO almost daily and thought it was about time to greet you all.

Keep the good hodling guys, it looks like the chances to get handsomely rewarded for it in the long run are getting higher and higher.

Always good to hear from you as well.... Wink

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September 03, 2019, 11:34:29 PM

I've not been active in this thread for the last couple weeks / few days, and I don't see that changing due to IRL stuff picking up speed, and corn activity being pretty boring during that time.

I just read something on Twitter along the lines of BTC is entering a "FOMO loop", and I just can't even even.

My gut says the bull broke out of the barn over the weekend, and shit is about to get real interesting.

I am likely entering lurk mode until we start approaching closer to $20k.

Love, hugs, and HODLs. No homo.


been missing you man

only 5% homo
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September 03, 2019, 11:35:48 PM

Japan’s Financial Services Agency is a big proponent of Bitcoin and Lightning Network.

This is the Agency’s Commissioner (top boss) on the left and the Director of Innovation on the right.

The first country that embraces Bitcoin will have a significant advantage 🙏🏽

https://twitter.com/apompliano/status/1168863005666205696?s=21

Can you elaborate a bit on them being big proponents of Bitcoin and LN? What have they done or said?
https://twitter.com/hodlonaut/status/1168865563193593861?s=21

They have fairly clear regulatory framework, they want to see Bitcoin/LN succeed, they specifically told me that they think open networks will win, and they are hoping to be a world leader in adopting both aspects of the tech
https://twitter.com/apompliano/status/1168867222908833792?s=21

Bullish Cool
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September 03, 2019, 11:38:14 PM

via Imgflip Meme Generator

https://www.coindesk.com/human-trafficking-expert-urges-us-congress-to-regulate-crypto-miners?utm_source=twitter&utm_medium=coindesk&utm_term&utm_content&utm_campaign=Organic%20&amp&__twitter_impression=true
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