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

[Last of the V8s]

https://bitcointalk.org/index.php?topic=5193860.msg52984084#msg52984084

I think this is my favorite of the 10 years BTCT challenge

I think this is mine lol mic

[El duderino_]

^
Haha (did you ever seen that scene in the movie??)

Who knows the characters name and which movie its from?

For me this was an awesome and hilarious scene

[marky89]

"4 year cycle" is just a synonym for claiming that it's impossible for there to be a mining bubble and the artificial scarcity event known as the halving will always make the price go up and make miners profitable, and no miners will ever have to shut off.  If you claim the price will automatically go up every halving, then that would automatically make Bitcoin a Ponzi scam.  So which one is it, kids?  Is Bitcoin a Ponzi scam or not?

It doesn't automatically go up. It probably will based on historically increasing demand and the relationship between price and stock-to-flow ratio.

There is only a guarantee that new supply will dry up as Bitcoin moves towards zero inflation via the halvings. There can never be any guarantee about demand though. We're all just speculating about that.

[Globb0]

If you want bitcoin, earn some money, instead of begging and backing crap deals

[El duderino_]

If you want bitcoin, earn some money, instead of begging and backing crap deals

Loud and clear!!!!

+merit......... Just send out my last ones Hahaha instant reminds me at Oxford 

[realr0ach]

"4 year cycle" is just a synonym for claiming that it's impossible for there to be a mining bubble and the artificial scarcity event known as the halving will always make the price go up and make miners profitable, and no miners will ever have to shut off.  If you claim the price will automatically go up every halving, then that would automatically make Bitcoin a Ponzi scam.  So which one is it, kids?  Is Bitcoin a Ponzi scam or not?

It doesn't automatically go up. It probably will based on historically increasing demand and the relationship between price and stock-to-flow ratio.

There is only a guarantee that new supply will dry up as Bitcoin moves towards zero inflation via the halvings. There can never be any guarantee about demand though. We're all just speculating about that.

For the 500th time, stock to flow does not work on any 'altcoin' at all, so there is no reason it would work on Bitcoin either.  Anyone claiming there's a difference between the two is completely full of shit.  Stock to flow only works on real commodity resources with inelastic demand, not fake, imaginary commodities that you can horde all 21 million coins and the rest of the world can just laugh at you like you don't exist.  

Bitcoin is not a commodity, it's a scheme, and you have no way of forcing or tricking other people into the scheme.  This pump and dump scammer "PlanB" is probably just some fucktard working at Digital Currency Group who is paid to make up bullshit to try and pump their shitcoin holdings.  The idea that anyone walking the planet can create whatever type of imaginary widget they want that only exists in their mind and have completely unrelated commodity market mechanics apply to their imaginary scheme is laughable.

[Last of the V8s]

I dunno the movie mic sorry.

[El duderino_]

I dunno the movie mic sorry.

Halloween but the first one from Rob Zombie

Character = joe grizzly

Google—-> joe grizzly ——> nice hilarious scene

[Ludwig Von]

Bon, going to sleep, hodlsleep. Waiting for Icy 's patches to arrive, to stitch on a physical hat! And dream of a meteorite loaded with 200 tons of silver and a little bit of nickel to hit ROach on the head, just to make him happy... . 

[realr0ach]

When you click on Tesla scammers and they sound 100% IDENTICAL to Bitcoin scammers (Micgoossens):



Oh no, might miss out on some of those imaginary Bitcoin pump and dump timestamps that have mostly plateaued already with questionable upside and infinity downside:

[LUCKMCFLY]

Things are getting better and better with the adoption of Bitcoin.


Source: https://trends.google.com/trends/explore?q=bitcoin,post%20malone,taylor%20swift,ariana%20grande

On the 12-month chart, Bitcoin has been trending high against several chart-toppers with a current index of 45 compared to 17 for Ariana Grande and 15 for both Post Malone and Taylor Swift.

Source: https://dailyhodl.com/2019/11/04/bitcoin-searches-top-post-malone-taylor-swift-and-ariana-grande-on-google-trends/

[yefi]

Kindly please do your own due diligence. To make it a little easier, allow me to give you a headstart, I'm on at least 3 different "List of Escrow" threads on bitcointalk. I've helped prevent at least half a dozen scammers from getting any coins (by refunding everything back to participants.) The largest in fiat value I ever held was close to $5m USD.

I categorically deny any connection to them, nor do I support them. Not too many other escrows in this Wall Observer thread, so maybe thats why I'm the only one offering it. More so to discourage them actually, as you can tell.

Perhaps you're playing the long game?

No offence intended at all, but we've seen with DeathAndTaxes how shamefully worthless a person's reputation can truly be.

[JayJuanGee]

Currently testing the descending triangle resistance on the 4 hr, therefore next hours candle close will be important.
Bare in mind the 1 hr will be on a TD 9 so don't be surprised by any big price moves...



Please note, I'm not getting "rekt" at the moment. This was a neutral call due to the 200 Day MA support invalidating the bearish setup for me.
I'm posting this for benefit of seeing if we invalidate the bearish pattern of a descending triangle, and return to the classic bull flag.

"Please note, I'm not getting "rekt" at the moment."

Good for you.  


I am also going to note that you should not be relying too much on stupid-ass charts that attempt to treat bitcoin as if it were a mature asset and fail and refuse to incorporate either bitcoin's currently low level of adoption and underlying s-curve exponential components that bias UPPITY rather than other scenarios (such as flat or downity).

In other words, TLDR, you deserve to get rekt (even if you are not) if your chart relies on too many incomplete presumptions.    

Too many assumptions, not enough logic. FYI my trading account is only ever 10-15% of my BTC holdings, so go figure  
If I get "rekt", is because my BTC hodl is going up. If I win, it's because I'm losing overall BTC value.
Some people  

Hey.  Fair enough if your trading portion is only 10-15% of your total holdings.  That is decently prudent, so I find difficulties criticizing you on that aspect.

Your remaining assertion about the meaning of "getting r3ckt" is quite a puzzle.    You seem to be trying to suggest that either there is NO way for you to get r3ckt or that getting r3ckt means something other than a traditional understanding of it.

I do agree that if you are trading with ONLY about 10-15% of your total holdings then it becomes quite difficult to get r3ckt in any traditional understanding of the r3ckt concept.

Now, get out there trooper, and trade some BTCs!!!!!!!!!  That's an order.    

You're right it's possible for me to get r3kt™️, probably from fakeouts where I was in the right short trade but got tapped out at a loss prior to my hodl position continuing to lose money after I've lost my hedge. When it comes to bull traps I generally try and avoid them, as if I'm already 85-90% long, I don't want to increase my risk. It's worth considering though.

This probably explains my natural trading bias to some degree, maybe my TA requires a disclaimer because of it. But ultimately I apologize for being the pessimistic bull, that by your standard deserves to get rekt™️, but so far hasn't and is otherwise unlikely to happen due to position sizing, risk management and generally avoiding bull traps. The only way I will get truely rekt™️, is if BTC goes below $4K. Then I iz a r3kt™️ moonboy like any other post-2017 moonboy hopes and dreams getting r3kt™️ r3kt™️ r3kt™️.

To let you down even more, I won't be going out there to trade any satoshis, I'm avoiding buying resistance that's a big open space of bull trap, as well as avoiding any foolish bear traps wicking under the 200 Day MA. I'm remaining neutral, believe it or not. Even if I'll retain my bearish bias regardless of lack of confirmation.

Just got a new job to start dollar-cost averaging though, hope that makes you feel better.

Ultimately, it sounds as if you have some kind of system that gives you comfort, and yeah the dollar cost averaging portion can be a good supplement to your other trading strategies.

Now, get out there trooper, and trade some BTCs!!!!!!!!!  That's an order.    

My bad, I'm waiting for confirmation, but planning to short the bullish broadening wedge with a tight stop loss if that's ok with you?
If you could confirm within the next 96 minutes before the close it'd be appreciated  
I drew this chart just for you. To show you that we're in a bullish pattern, but I still want to short it  



I'll long again at the 200 Day MA (the support trend-line) I promise 

Most of those lines are gobbledy gook to me, and when I said get out there and trade I was suggesting that you follow your own system, whatever that may be.

My system hardly ever makes any changes based on my anticipations of BTC price direction, which is good for me, because I rarely, if ever have much of any kind of anticipation of BTC's short-term price direction that would take me more than 5% or so off of my usual 50/50 disposition.

[dyask]

At the risk of invoking our resident repellant resistant insect, Germany is the cauldron of European civilization.

Just try swimming with your precious metals ...

[JSRAW]

A few busy days - a few dozen pages behind. Business as usual...

I still have the same. I tried to read back the pages but not much
May be we need JSRAW 🤪

Sorry bhai, was away for 40 hour or so...
and not much juicy content in the backlog for this month recap. you might wanna skip or check couple of regular's post history for lolz ( JJG, JoJo, v8 and just to balance check out Roachie)

[AlcoHoDL]

Every time I have some spare fiat, I say "buy BTC now, and sell when it rises a bit, so you have some nice and quick profit." And it does rise, and I do get the "nice and quick profit", but in reality, I never sell, I just HoDL the corn, because in the meantime I have made more fiat by traditional means, so I don't need to sell any corn.

It's good to accumulate, but also good to enjoy some profits. The thing is, I already have enough fiat allocated for "enjoyment" purposes, so I just HoDL...

Why am I saying all this? Because it's a Tuesday morning and I'm bored...

Come on BTC, DO something!!!

[jbreher]

[edited out]

Sorry to equate your casual dismissal of something to declaring said thing to be a "farce." How dare I.

Jbreher selective representation of facts and incredible leaps of logic

Like what? Asking for links to the evidence so one is able to reach a conclusion themself? Hardly a seleective representation of facts, nor any leap of logic whatsoever.

I thought trustlessness was one of the core principles behind this grand journey we all share. Don't trust - verify. amirite?

Well, you _could_ have just verified the information yourself instead of throwing the ball back to the non-SV crowd.

Which is exactly why I was asking for evidence. Your links do not make the case.

Especially after such evidence was presented to you in my post that you overlooked in order to ask for evidence.

Evidence? Okay. Let's examine this together, shall we? Here's your original post:

Apparently the maximum amount he could have possibly "lost" was less than 0.1 BTC (if he wasn't making up everything):

https://twitter.com/rusty_twit/status/1187995784957947904?s=20
https://twitter.com/rusty_twit/status/1189678498337574912
https://bitcoinist.com/4-bitcoin-loss-on-lightning-network-is-fud-says-community/

https://twitter.com/rusty_twit/status/1187995784957947904?s=20 ?
Nope, no evidence in there. Discussion and allegation, no evidence.

https://twitter.com/rusty_twit/status/1189678498337574912 ?
Maybe. Not dispositive, however. The total of penalty txs over the probable time interval of the event show less than 1BTC lost through penalty txs. But tell me - why is it assumed that there were penalty claims? If his counterparties were on the beneficial side of a stale closing tx, what is their incentive to issue a penalty? They stand to win more through just letting the mistaken stale tx broadcasts lie as is. Seems we need to at least consider that possibility before closing the case. As at least one scenario.

https://bitcoinist.com/4-bitcoin-loss-on-lightning-network-is-fud-says-community/ ?
Oh yes - "says community". Hearsay is not evidence.

I'm still wanting to see the evidence that leads you to conclude that his claim was a fabrication. Or are you just relying on the conclusions of others?

[jbreher]

Where you at BSv shills? jbreher?

Dunno why you're summoning me. I ain't got no dog in this fight. Do you?

I considered it a black swan event, Faketoshi claimed that once he gives Kleiman the coins he'll have to dump a big chunk of them just to cover taxes All appears just to be another lie on his way to becoming irrelevant, wanted to hear BSv shills comment on it so i summoned you, great bear/BSv supporter.

You seem to be suffering the commonly-shared echo chamber delusion that CSW and BSV are one and the same. They are not.

But if even you can't put a positive spin on this

I have no reason to put any spin on this whatsoever.
Though I will point to this: https://coingeek.com/calvin-ayre-passes-on-buying-dave-kleiman-estate-because-it-holds-no-assets/
Yeah, it's CoinGeek. May or may not be true. But it is potentially relevant, if true.

I don't know why anyone is particularly astonished that CSW did not cough up half a billion bux to Ira. He has been consistent all along in stating that he will have no access to the Tulip Trust funds until such time as the keys become available to him - which I believe has been stated to be early 2020. Whether true or not, that has been the claim since years. He obviously can't transfer something he does not possess.

In the meantime, popcorn consumption is epic.

[dragonvslinux]

Now, get out there trooper, and trade some BTCs!!!!!!!!!  That's an order.    

My bad, I'm waiting for confirmation, but planning to short the bullish broadening wedge with a tight stop loss if that's ok with you?
If you could confirm within the next 96 minutes before the close it'd be appreciated  
I drew this chart just for you. To show you that we're in a bullish pattern, but I still want to short it  



I'll long again at the 200 Day MA (the support trend-line) I promise  

Most of those lines are gobbledy gook to me, and when I said get out there and trade I was suggesting that you follow your own system, whatever that may be.

My system hardly ever makes any changes based on my anticipations of BTC price direction, which is good for me, because I rarely, if ever have much of any kind of anticipation of BTC's short-term price direction that would take me more than 5% or so off of my usual 50/50 disposition.

Fair point, no explanation to random over drawing on my clutter chart
Fortunately price blindly followed the path though so I've done as you've asked



It always surprises me being able to copy & paste trends and watch them actually play out 

[El duderino_]

whenever I see a post of r0ach I only see this