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

[JayJuanGee]

Not that we should care about BCH in here but this will be interesting
One could even speculate the correlation between this news and the big move.

There appear to be some problems with BCH mining, perhaps related to the difficulty re-targeting algorithm. It also appears one entity is now in effective control of mining.

I'm curious to learn what is going on here. Anyone know more?

https://twitter.com/aantonop/status/1188277233640755202?s=19

Well, I agree with you Icygreen that we do not necessarily want to either attribute very much credit to various shitcoins, such as bcash variants or even to focus too narrowly on simplified explanations for BTC price movements when there are a large number of factors that seem to push bitcoin's price and sometimes allow for exacerbation of BTC price movements in one direction or another.

On the other hand, we cannot really exactly divorce ourselves with these variety of shitty projects that have attached themselves to us like kids that we had tried to give up for adoption.  The misfits seem to want to continue to have a connection and therefore create some effects upon BTC price movements.

I was kind of hoping that some of BTC's short term price movements would involve and even allow for continued purging of froth in the various shitcoin community, and i kind of considered that ongoing purging could be an overall  better path forward, yet it still seems difficult to really see the purging to the extent that it really is going on, even though there seemed to have been a lot of strong evidence of purging in our April to June BTC pumpening of 3.5x while various shitcoins barely appreciated in value, and actually lost value respective to bitcoin.  In the past, few months (since June), a lot of shitcoins are largely holding their own, and even in this latest pumpening from a few days ago, the various shitcoins seem to have been pumped, along with bitcoin. 

Furthermore, the specific mining algorithm or otherwise seeming difficulties in bcash abc mining seems to have not had any real or meaningful negative price ramifications on bcash, at least so far in the short term we have not yet seen it.  Many of us know that there are a lot of reasons to characterize bcash abc as a piece of shit, but there still seem to be a decent number of pumpeners who actually believe in the stupid-ass payment mechanism vision, and probably bcash sv is even a BIGGER piece of shit that bcash abc, but it seems that the lack of liquidation avenues causes that piece of shit (referring to bcash sv) to be capable of considerable pumpenings that seem to defy actual logic or fundamentals... so yeah, if scammers are able to pump their shitty scams, then get rich quick dumbasses are going to jump on board and enable those lacking in fundamental zombies to live on for many, many many years, and likely even trap a decent number of innocent folks into their snake oils.

In other words, what I am trying to say is that I don't really see any pumpening of bitcoin or crashing of bcash abc (aka bch) that seems to be caused by their recent news of mining difficulties, which could just be some lagging effect that is taking place, perhaps?

[LFC_Bitcoin]

Lebanon stopping people from withdrawing cash



@Trezor
Bitcoin is an ultimate answer to corrupted governments, closed banks, banned cash out and freedom restrictions. Bitcoin is accessible to everyone, everywhere, anytime.

Strength and power to the people of #Lebanon!

https://twitter.com/trezor/status/1188796208321646592?s=21

[JayJuanGee]

Back to price analysis....

3.5 month parabolic run at the initial stages of breaking down  

https://www.tradingview.com/x/PtdtsMU7/

Tricky! Retested the broken parabola and then reversed!  Didn’t see that last move coming.

Yeah, we (royal we) all appreciate your (jackbauercsgo's) unique contributions and creativity of providing upside down charts and puzzling talking points.  







NOT!!!!!!!!!!!!!

[VB1001]

Veteran Trader: Don’t Break These 11 Rules Trading Bitcoin and Crypto

Never revenge trade
Avoid trading crypto on weekends
Never trade Forex on Friday
Maintain specific trading hours
Never fall in love with an asset
KISS - Keep It Simple, Stupid!
Only trade when you are in the proper mindset
Don’t forget to journal
Paper trade daily
Don’t try to catch a falling knife
Don’t overtrade

https://cointelegraph.com/news/veteran-trader-dont-break-these-11-rules-trading-bitcoin-and-crypto

He says nothing new but it's okay to remember.

[jackbauercsgo]

snip

snip

snip

Hey again JJG.  Sorry you aren't able to comprehend the charts.  I thought they were pretty self-explanatory but maybe not  .  I'll see if I can get some crayons to doodle something simple.  I'll bring a couple extra for you to chew on too   

[Phil_S]

upside down parabolas?

unless you're doing it ironically...

[bkbirge]

upside down parabolas?

unless you're doing it ironically...

At least time is still on the x-axis.

[jojo69]

at least JJG's reflexes are still good

[jackbauercsgo]

upside down parabolas?

unless you're doing it ironically...

Parabolic trends appear during uptrends and downtrends.  Most people think they are for uptrends only and completely miss when they occur during downtrends.  This is why I inverted the chart, to help people see what was happening.  We're all way more accustomed to seeing parabolic uptrends, so people tend to "get it" more when I invert.

[kurious]

upside down parabolas?

unless you're doing it ironically...

¡dn ʎɐʍ ƃuoɹʍ ǝɥʇ ʇᴉ ƃuᴉop s,ǝɥ 'ʞɔnɟ ǝɥʇ ʇɐɥʍ

[makrospex]

Pure MDMA, so hard to get these days  
I miss the nineties in that regard.
Still one has to watch serotonine and dopamine drainage, i wouldn't do it too often.
Great sex, better than on blow, imo. Both a little too "athletic", however (but that's all about personal preference *lol*)

2cb in moderation is great for sex. I can't say the same for MDMA. It gives me a heart full of love and a limp dick, but YMMV and apparently it does. Is it really so hard to find these days? My friends tell me it isn't so. I still have a little hidden away, but I'm not telling anyone until that very special occasion comes up.  

Well, my ex-girls and me didn't even want to stay at clubs most of the time, we went straight home or to some safe place (if too far away) just to xxx the rest of the active turn Followed by long, intimate, lovely and confused discussions while slowly coming down. On good X the mood lifting effect could be felt for another or even two more days. Limp dick? I had problems hiding my boner at some raves!
Not aware of ever having tried 2CB. I might have become some lazy freetime stoner, i think i could get some when i call up some old fellow veterans, but i lack interest. Maybe it's the house full of children that keeps me off serious partying, too On the other hand, i think i've seen enough of this when i was young, don't feel like missing out on anything. Chances are high that i will try most substances i never had when i will get real old (70+) just for curiosity.

EDIT: "Real Satoshi" (not CSW) tweeting again. https://twitter.com/SatoshiNRH

[realr0ach]

EDIT: "Real Satoshi" (not CSW) tweeting again. https://twitter.com/SatoshiNRH

That's the trouble with releasing a DARPA scam to try and distract people away from real money (physical metals).  They're unable to admit it's a DARPA project or nobody will use it so they keep attempting to wheel out CNN crisis actor figureheads like Craig Wright and this Twatter account to control the direction it takes.

[xhomerx10]

Speaking of parabolas, I was on a road trip last weekend (over 2000k) and I saw this rainbow touching the earth.  It was actually colouring the trees where it touched - or it was a very convincing optical illusion.  I've never see that before.  Also, I'm sorry to report that there was no pot of gold! (Maybe I was at the wrong end)

 

NB.  Before anyone goes all scientific on me, I know a circle is not a parabola but they can both be derived by intersecting a plane with a cone and I needed a segue 

[LFC_Bitcoin]

Speaking of parabolas, I was on a road trip last weekend (over 2000k) and I saw this rainbow touching the earth.  It was actually colouring the trees where it touched - or it was a very convincing optical illusion.  I've never see that before.  Also, I'm sorry to report that there was no pot of gold! (Maybe I was at the wrong end)

 

NB.  Before anyone goes all scientific on me, I know a circle is not a parabola but they can both be derived by intersecting a plane with a cone and I needed a segue 

The jews probably already took it.

#r0achism’s

[realr0ach]

#r0achism’s

https://dailystormer.name/black-returns-to-the-jungle-to-confront-his-cannibal-tribe-13-years-after-they-tried-to-eat-him-alive/

[Last of the V8s]

https://twitter.com/Felipether/status/1188814540802318337
this stocktoflow stuff is epic

[realr0ach]

https://twitter.com/Felipether/status/1188814540802318337
this stocktoflow stuff is epic

Yes, magically stock to flow doesn't work on any 'altcoin' at all, yet scammers claim it works on Bitcoin when there's zero difference between the two.  Except they're lying and stock to flow only works on physical commodity resources that exist in the real world people actually need for something and doesn't work on imaginary, artificial scarcity scams (digital shitcoins).  Applying fake scarcity to your imagination does not make it a resource or commodity.

[LFC_Bitcoin]

https://twitter.com/Felipether/status/1188814540802318337
this stocktoflow stuff is epic

S2F makes beautiful reading if it does bear fruition & end up as predicted.

[Last of the V8s]

In further Moron Monday news tonight, Brock and Roger agree that 'governance seems to be the hardest thing on any chain' amongst many other Moron Monday agreeings:
https://youtu.be/ym3gk05iAQQ What's up with EOS? - Brock Pierce Interviewed by Roger Ver

[makrospex]

In further Moron Monday news tonight, Brock and Roger agree that 'governance seems to be the hardest thing on any chain' amongst many other Moron Monday agreeings:
https://youtu.be/ym3gk05iAQQ What's up with EOS? - Brock Pierce Interviewed by Roger Ver

Some day this kind of behavioral sickness may even end up in the ICD as the "Ver syndrome" (furiously inventing and defending "alternative realities")  
*Gets some popcorn before clicking the link*  

EDIT: Bitcoin Judas gave Brock way too much coke