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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372748 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
nutildah
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December 14, 2019, 03:38:28 PM
Merited by suchmoon (7), bitserve (1)



Ouch... Though I don't prefer to be the bringer of negativity, bitcoin is among the highest of the high-risk investment category. If there's a market sell-off, BTC, now inexorably tied with Wall Street, will be one of the first assets to suffer a major sell-off, as big-time investors (however ironically) plow their money into cash.

- stocks go down
- dollar becomes stronger
- Fed prints dollars
- stocks go up
- a bubble pops
- stocks go down
- dollar becomes strong
- Fed prints dollars
- stocks go up
- etc.

Apparently they can just keep doing this forever, and the cycle will continue forever... I'm not wrong until proven otherwise. The dollar is the worst form of currency except for all of the others, BTC included.

The case for BTC being some sort of alternative store of value to the dollar just isn't there yet, IMHO. Speculators have to get out first, which as we all know, isn't happening any time soon.
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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1714981602
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d_eddie
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December 14, 2019, 03:42:13 PM

We're under 7.1k.

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Mic needs a short break  Smiley
So does weary d_eddie. Boozy saturday for Mic? ;-)
nutildah
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December 14, 2019, 03:51:30 PM

Boyz are revving up the trucks, shining their hood ornaments, getting ready for true bargain hunting.



Where has Lambie been anyway?
El duderino_
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December 14, 2019, 03:57:07 PM

Indeed it will be a b00z accompanied by f00d evening, after dinner a X-mass market with some friends and moar b00z of-course Cheesy
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December 14, 2019, 04:04:28 PM
Merited by BobLawblaw (1)

well fuck this shit
_javi_
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Still a manic miner


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December 14, 2019, 04:07:59 PM

This is fine... but becoming a tad disgusting.

bitserve
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December 14, 2019, 04:10:43 PM

Ouch.

Didn't Hairy say something about middle december dump?

The good thing about dumps is the following pump... unless another dump follows.

Bleh, it's been long time since I don't have any idea what the price gonna do, so let's just let it be. This is fine.
El duderino_
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December 14, 2019, 04:14:42 PM

The next generation will not be buying bitcoin, they will be earning it.
https://twitter.com/Rhythmtrader/status/1205883443625824257?s=20

Some things will sink in.... With some it just happens faster Cheesy
Hueristic
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Doomed to see the future and unable to prevent it


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December 14, 2019, 04:35:38 PM

Yeap, I knew I shoudn't have looked after catching up here.

How long we gonna sideways down this shit.

It's almost 2020 goddamn it!



Globb0
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December 14, 2019, 04:43:38 PM
Merited by BobLawblaw (1)

jojo69
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December 14, 2019, 04:45:11 PM

Oh and on the Celtic question. They can of course all just fuck right off. But they can't leave.

Sic semper tyrannis
nutildah
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December 14, 2019, 04:53:07 PM
Merited by BobLawblaw (2)

Guys...



Nonsense. We came here to find the American Dream.

Now that we're in the vortex, you wanna quit?
nutildah
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December 14, 2019, 05:06:08 PM

Now that we're in the vortex, you wanna quit?

Fucking LOLing over here. Bravo. Have a great weekend.

Thanks Bob, you too.

Having just watched a clip of that scene makes me want to rewatch the whole thing. I've probably seen it 5 times but am due for another viewing.

For those missing the context:

https://www.youtube.com/watch?v=gP8_w1J5raY
LUCKMCFLY
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December 14, 2019, 05:11:40 PM

Interesting ... although this is not completely reliable.

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A look at the bitcoin balances of wallets that held any $BTC over the past decade.

Centralized or decentralized - you be the judge...


Source: https://twitter.com/thetokenanalyst/status/1205525039497523200
Elwar
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December 14, 2019, 05:14:02 PM

I have heard of the Omni Layer before and am looking at it but does anyone have any insight into it?

I went to check to see what the most popular use of the OP_RETURN code was on Bitcoin and it appears almost half of them are omni.

I am looking at this as a way to record distributed ownership of an Ocean Builders SeaPod.
El duderino_
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December 14, 2019, 05:23:40 PM

Now that we're in the vortex, you wanna quit?

Fucking LOLing over here. Bravo. Have a great weekend.

I will be LOLing from the moment i'm holding my first b00z of the evening.......
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December 14, 2019, 05:40:32 PM

Bitcoin trying to get to the $6k's. Wish we could fast forward to the bottom and get this over with.

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December 14, 2019, 05:44:16 PM

Bitcoin trying to get to the $6k's. Wish we could fast forward to the bottom and get this over with.



He needs a mullet and a can of Budweiser 😁
jojo69
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December 14, 2019, 06:11:43 PM

front running indeed  Roll Eyes
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December 14, 2019, 06:12:23 PM

The defining words of this cycle will be: patience.
Somehow I know that's true. Gotta weed out the dolla-dollar bill chasers from the more principled. Will it get ugly or just long and boring?


Earlier post, for contextual reference:

And the defining words of this cycle will be...front running. Fasten your seat belts!


So, yeah, overall, we are returning to the uncertainties of BTC price predictions, and whether some predictions are overly optimistic or overly pessimistic?

Either way, I become a little bit irritated when they are expressed in too certain of ways, yet I understand that real people talk like that.

You go into the real world, and people continuously talk about things in terms of certainties rather than probabilistically, even if they understand, when taken to task, that the future remains unknown, until after it happens (then it is no longer the future).

For sure, when we got our little April 1 to June 27 BTC price boom of more than 3.5x, there were a lot of legitimate feelings of HODLers, and perhaps even non-hodlers (pre-coiners and no coiners) that front running remains a very significant possibility for this upcoming cycle.  I hate to put odds on it, but with such ongoing correction (retracing of those gains), it starts to feel as if front running might not be as likely as many of us perceived it to be.  Yet, this whole correction (or manipulation or whatever it ends up being) could be a trick (a BIG ASS bear trap), too.  In the end, even given our current feelings of peril and uncertainty regarding when this particular correction is going to stop, we cannot really rule out the front running theory.  Not yet, anyhow.

Regarding this calendar year,  we only have slightly more than two weeks left, and surely there are great odds that this calendar year is going to be a positive, especially given that we started out at about $3,800, so even with the ongoing correction/retracement, we are currently more than 80% up for this calendar year.  Cannot really complain in the the yearly snapshot kind of way, unless we get a halvening of the BTC price in the next two weeks, which surely is not out of the question, when we are dealing with ongoingly seemingly desperate status financial players who have needs to attempt to show that they have bitcoin "under control."  
Many of us can tentatively believe that they have bitcoin "under control" until they don't, but of course, even when they lose control of bitcoin,  they will, at some point, regain control over it (perhaps at $17k?  or perhaps at $50k, or perhaps at $250k), and they will assert:  "we got this.  That is what we were trying to do." hahahahahha...   That should be more accurately referred to as "opportunistic spin."   Wink  Cheesy Cheesy Cheesy Cheesy


front running indeed  Roll Eyes

Hahahahaha.,..

Saw this jojo post, as I posted mine.

That is what I am trying to say, jojo. 

Front running should not be ruled out, yet.

So stop rolling your eyes, or they might get stuck like that.  You would not want that, AmiNOTrite?   Tongue Tongue
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