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

[fillippone]

edit: Who gives me the merit No. 1001, has a prize.

The winner is:

fillippone, quote the post and I will give you the prize, 10 sM for you.

VB1001 this was my goal > 1001

I no longer need merits, I have what it takes to become a legendary when the time comes, use the merits to help other WO members with excellent publications.

Thank you all.

Ahah well done my friend!

Check your PM!

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[JSRAW]

 

And then all the trolls disappear when this happens?

Interweb without Trolls sounds boring.

[bkbirge]

Has this been posted yet? Seems a bit like preaching to the pews...
https://cointelegraph.com/news/bitcoin-price-manipulated-before-futures-settlement-dates-research

Analyzing price behavior from January 2018 to August 2019, the company found that 75% of the times immediately before CME issued payouts, Bitcoin fell.

[JSRAW]

^ Only jojo can tell this if its posted already (he corrected me Twice in very polite manner ) otherwise if VB1001 and stallion haven't posted it then chances are you are first.

[jbreher]

You seem to be of the notion that since BTC is doing well relative to the other Bitcoins at the moment, that it will do so for all time.

As you are aware, my thesis is that Blockalypse II is in BTC's future, which will drive adoption to the other Bitcoins. This is an episodic event, consisting of a sea change in BTC's operating environment. Such an precipitating event may result in a snowball into the more capacious Bitcoins, each of which fits the purity narrative of hewing closer to the initial protocol design.

IOW, Past performance is not a guarantee of future results.

Hey jbreher... Lets say for a moment Blockalypse II takes place. I would think this would be so damaging to Crypto it might not add value to other cryptos. It might just make people turn away altogether. Just thinking out load. In a real Apocalypse it would take a long time to recover from the devastation.

Why? There were two directions (ultimately three) in with the masses could have thrown their lot. The masses went one way, when the proper decision was another. All it would show is that sometimes the masses choose poorly. Would this stunning revelation really surprise anyone? Nay. They'll just adjust to the usable chain. As they should have at the initial fork time.

Your 'stall of BTC means the death of crypto' narrative wears no clothes.

[podyx]

I feel like something is off

[Raja_MBZ]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

Whoaza Raja.

You seem to be a bit ahead of yourself, and yes I do agree that there should be some decent support at $9k, but there should also be some decent support in the $8k to $8.5k range too, no?

Hmmm... from a bird's eye view at the late-2017 to 2019 price chart, it doesn't really seem like that $7xxx-$8xxx are the levels which can prove to be strong (as both, support and resistance). I know this is a very big range of values, but that's just how I look at it!

Muh $8k to $8.5k range support...

[Dabs]

The masses went with the proper decision.

[Raja_MBZ]

I like these support levels:

[gallianooo]

Hmmm Below 8k$ now..

BTC price is so so windy since 2 days, like on Malta island currently.

But my GF doesn't care of the BTC price  

[Negotiation]

Yeah live steam of UN summit

are you want going to UN summit @JSRAW

[mike4001_]

Back to 6,5K ?

[Hueristic]

Bitcoin being auctioned.

https://www.wilsonsauctions.com/auctions/government-auctions/AuctionEvent?saleCode=193560&location=Belfast

[becoin]

I love to buy cheap bitcoins!

[nutildah]

Oof. Not what I was expecting.

Having said that, we're still up 128% for the year, so...

[jojo69]

^ Only jojo can tell this if its posted already (he corrected me Twice in very polite manner ) otherwise if VB1001 and stallion haven't posted it then chances are you are first.

I deserved that.

[jbreher]

Past performance is not a guarantee of future results.

That's an evasive response if I had ever seen one.  

No evasion whatsoever. If one reads and ponders, that response is all that need be said.

You seem to be of the notion that since BTC is doing well relative to the other Bitcoins at the moment, that it will do so for all time.

You are punishing me for leaving you an opening.  My error.

I was indicating evasion because you did not really respond very specifically regarding how much you still seem to be allocated into [other bitcoins] in comparison to BTC,

I told you months ago what my relative allocation was. It has not changed materially. Again, no evasion.

I don't need to repeat that there are no other bitcoins,

Keep telling yourself that. Maybe one day you'll truly believe it.

As you are aware, my thesis is that Blockalypse II is in BTC's future, which will drive adoption to the other Bitcoins.

1) blockalypse II implies that blockalypse I has already happened, which neither the facts nor logic support such historical rendition.

Keep telling yourself that. Maybe one day you'll truly believe it.

2)  for the sake of argument, let's assume that there is some kind of problem with bitcoin, ... a very long shot, maybe in the less than 1% region,

So all that _really_ separates our positions is a relative likelihood.

3) what you are really hoping is that your bags pump....

Sorta. Not really. I am expecting that the strategic flaw within the Core philosophy will surface as soon as the next FOMO happens. Such FOMO will expose the folly of strangling tx capacity with a centrally-planned production quota thereupon. This strangulation will result in Blockalypse II, with another drastic drop in market cap dominance. Those wanting to use Bitcoin, but unable to due to long waits even with huge tx fees, will reevaluate the choices in front of them.

At which point the obvious set of choices would be the other Bitcoins.

Until then, I expect BTC will do relatively well in the marketplace. Upon Blockalypse II, I expect a massive move from BTC to BCH and/or BSV.

When FOMO? I can't predict. But I'm positioned to benefit.

[Fatman3001]

how dat bottom lookin now?

[_javi_]

This looks like Nov 2018 dump..
and i dont like it at all 

[LUCKMCFLY]

edit: Who gives me the merit No. 1001, has a prize.

The winner is:

fillippone, quote the post and I will give you the prize, 10 sM for you.

VB1001 this was my goal > 1001

I no longer need merits, I have what it takes to become a legendary when the time comes, use the merits to help other WO members with excellent publications.

Thank you all.

Congratulations dude, great work, great contributions with quality, you deserve it!