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

[jojo69]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

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[Walt Dyer]

I also wanted to say that I constantly draw some analogies with other professions while trading. And sometimes I feel like a pilot of Boeing or Airbus, who is more comfortable flying in the clouds in low clouds and landing sometimes he can even mix up where the top and bottom.

 We also look at the chart and see one thing, and the indicators set our brains in place and say something else. The chart itself is a cloud, if you look at it, you can't understand anything. Therefore, you need to navigate by indicators, and indicators are the technical analysis. They say what really happens.

I am from Russia and my English is not quite good. I'm sorry.

[cAPSLOCK]

Bitcoin is bearish for the first time before the halving. Is it because the futures market is surpressing the price?

Something I have been thinking about for a while now...

[jojo69]

"crash" to 6700 or a breakout of the downtrend since October

we got to do something here before long

[cAPSLOCK]

Source: https://twitter.com/CryptoGulp/status/1202777316000256000

I'm wondering why Tether is traded so much. Any ideas ? I'm not a trader, so... yeah.

Because it was a way to use the USD while concentrating the legal/counterparty risks to some teeny island where everyone is laughing.  But seriously... that's really basically it. 

[d_eddie]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

{long ass list of people Bob bought a beer for, from a loose comment he made while drunk, which proves he is a man of his word. [He also offered me one even though I had only been lurking during that time]}

He's unhinged, here is a link to his trust flag if you guys haven't supported it yet.

https://bitcointalk.org/index.php?action=trust;u=2580400

I've added my support to Lauda's warning, and added a trust rating of my own (without flags though, since I never came into direct contact with The Nutter Above All).

[Globb0]

The tiny island slips on downstream. For the light that lived is dead.

[LFC_Bitcoin]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

{long ass list of people Bob bought a beer for, from a loose comment he made while drunk, which proves he is a man of his word. [He also offered me one even though I had only been lurking during that time]}

He's unhinged, here is a link to his trust flag if you guys haven't supported it yet.

https://bitcointalk.org/index.php?action=trust;u=2580400

I've added my support to Lauda's warning, and added a trust rating of my own (without flags though, since I never came into direct contact with The Nutter Above All).

I already left him negative trust in April 2019, raving lunatic.

The tiny island slips on downstream. For the light that lived is dead.

Globb0, what have you been smoking?

[OROBTC]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Unless it is merely coincidental, I have no plans to change my ways... hahahahaha  Good luck.

Regarding my earlier post about the diptwat, the only one blah blah blah.. I hate drawing attention to the guy or his thread, but I really resent posting in any thread in which the OP (thread owner) has a penchant for deleting posts.  

Although could be that any deleted post could be reposted in some thread in which substantive posts are not deleted.. to the extent that the deleted post has any meaning outside of the context of the thread.  

Probably the vast majority of forum members do realize that self-moderated threads on a controversial topic tend to be mere propaganda pieces, yet I suppose that there are some members who don't realize the difference between a self-moderated thread and one that is not.

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Are you asking gravity to not tug so much?

Exactly.

MERITED for, well, positive and shit.  Shine on, guys!

I like reading the loooong versions, at least if the topic is interesting.  If not I move on.  Can't fight gravity and all.  It's all good.  This is fine.

[LUCKMCFLY]

Fully in accordance with Plan B...

Governments fight money laundering, terrorist financing and protect consumers with AML/KYC targeting bitcoin, but sacrifice privacy.

But why? Banks do money laundering, terrorism is not a big threat and KYC puts consumers at risk (eg Equifax): BTC doesn't need personal data!

Source: https://twitter.com/100trillionUSD/status/1202948823460524032

[JayJuanGee]

I suppose that there are some generous donations, and of course scammers taking bitcoins, too.

Andreas Antonopolis is a decent example.  He was saying that he was Bitcoin poor near the top of the 2017 price rise, but then received a BIG donation.. someone (might have been Roger Ver triggered) opened a donation fund for Andreas and then one BIG donor dwarfed all of the rest of the donors..and added up to a real large donation.  So, yeah, sometimes luck can happen in those places in which preparation meets opportunities.

I did not know the case of Andreas, what I mentioned earlier is that in the first years of the forum, when someone did a good job or provided a good solution to the forum, he received some coins as a reward, I have read it several times in threads and old comments of the forum, this is now difficult to happen, I would dare to say impossible.

We are going to let Bitcoin go its way and surprise us in a few years.

It is safer for this to happen than what I have said before.

Overall, I think that you are correct about the earliest of bitcoin adopters throwing around coins as if they did not have much if any value, and largely it was true, they did not have a lot of value - so part of the solution, including ideas of liquidity was that adoption had to be increased and/or expanded, otherwise the HODLers of coins would have no place to either cash out or to spend their coins.

Might also show that some of the real BIG coin HODLers may not have been as generous as people thought them to be, including Roger Ver, who held a shitload of coins in the early days, that were worth millions on paper, but he did not have many places to be able to cash them out.

One thing about Roger that makes his seem as such an idiot to so many of the other bitcoin HODLers is that he seems to be stuck on that same mode of thinking - and doubled down on stagnant views that seem to have been applicable in the past.  To the extent that he is genuine and has not been bought off or coerced by some kind of government entity for his ongoing attacks on bitcoin, he also turned his own perspective into some kind of taking matters personally, but then his attack vector also turned into a way for him to make money off of dumb and unsound principles.. so i supposed he doubled down on dumb to some degree, and could take a while to part him from his money because he has found ways to make some of the dumb short-term profitable. 

Regarding BTC price movement, I keep hoping to see bitcoin's price move up while altcoins are stagnant or even going down, and that does not seem to be happening, so these kinds of abilities to continue to hang onto the coattails of bitcoin seem confusing to me - even while I understand that whatever next UPpity BTC price move we get could also continue to allow some of the shitcoins to pump more than bitcoin, and long term BTC HODLers might well be able to continue to understand that it is better to just stay with bitcoin, there are likely going to be a lot of folks continuing to be tempted into various shitcoins (which ones will do better is still hard to figure out and which ones that might go completely and quickly bust, or "tulips" like searing likes to say, is still in the to-be-determined category).

[Cryptotourist]

Globb0, what have you been smoking?

[OROBTC]

...

NAILED that one (just above, #511300 last page) exactly right, LUCKMCFLY.  My greater family has had quite a string of cancer deaths in recent years.

*   *   *

Banks and Equifax are some real enemies of unwary people.  HODLing assets outside the financial system only makes sense.  

r0ach deserves some credit for that as well as all of you, physical Au is also outside the financial system.  Precious metals and BTC are natural and complementary allies.  And their prices are somewhat independent of each other, hence complementary.  YES, I did see the chart showing the (weak, IMO) correlation of prices of BTC vs. Gold.  "The academics" use a rule of thumb that a correlation of 0.30 is "significant".  That above chart (I'll go back and hunt it down and EDIT this post in a bit) shows BTC & Au always less than 0.30, and showed NEGATIVE correlation for some time.  Seems to me, amateur statistics guy, pretty independent of each other.


EDIT: Should have known is what LUCKMCFLY who posted that interesting chart showing correlation of BTC and Au (#511281, last page).  Note that if you look at the "area under the curve" (a la integral calculus), you will see that adding up all those low correlations comes to near zero, close enough for the correlation to be be, effectively, near ZERO at least IMO. 

BTC and gold act independently of each other, at least for now.  If Hong Kong gets slaughtered by the Commie Reds, that of course could change quickly...

[VB1001]

When the medium term hits the long term trend. How low can it go?

https://twitter.com/davthewave/status/1202841536326598656

I see an excess of comments and graphics in the bearish direction, I still see bears and bulls fighting to stay +/- $ 7,400, we could see $ 7,000 or less, but I am inclined to think that we are closer to a green dildo in the direction of $ 8,000 sorry, I don't agree with the vast majority.

BTCullish

[JayJuanGee]

^
Damn I almost thought that fool was writing in here 

[LFC_Bitcoin]

^
Damn I almost thought that fool was writing in here 

He’s talking about that ass hole The-One-Above-All in Meta JJG.

[JayJuanGee]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

You are breaking Bob's opsec.

Something not right about that.   

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $7,407

Still waiting for LFC's Vegeta 🤪

[Paashaas]

Panic mode activated

[jojo69]

Panic mode activated

Its OK, they can quit any time they want, a little recreational liquidity never hurt anyone.