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

[jojo69]

Boeing finally reads the poop manifesto on the wall and halts the MAX production line.  They have been rolling the goddamn things out and parking them nose to tail for months.

This is what peak malinvestment looks like.

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[JayJuanGee]

Dead, of course.
Ask JJG for confirmation  

Don't be implying that I am like Roger and Richard... or should I say Richard and Roger?  RR^tm


Those are the guys (and gal?) who know all things that are worth knowing.  

I just wanted to see Batman doing his thing, ya know...

Has to be a really serious amount of dumb before either batman comes out or the "that's so dumb" guy makes an appearance.

Seeming kind of routine, and even tongue-in-cheek for members to be suggesting that bitcoin might be dead - not even the beartrolls really believe that, anymore.. like they had seemed to have believed when we were coming out of the last 4-year fractal comparative period in early 2016 (same was true in late 2016 - when some fairly reasonable prior bitcoiner peeps thought bitcoin was dead after the news of the alleged Bitfinex "hack.").

[JayJuanGee]

This is like a tiny bump in the road.

Fear = Being at a 50% loss on my fiat investment in 2014 or watching our net worth slide over 85% from $19,xxx to $3,xxx.

Anybody who panic sells now is a total loser.

I did a quickie overview of my records, and I was largely consistently in the negative on my BTC holdings between about August 2014 to about May 2016.  The deepest periods of negative were around 65%, but of course, all of that was on paper, especially based on the subsequent BTC price moves.

Furthermore, even the Bitfinex -related crash from about mid-$600s to slightly below $500s and then bouncing back tot he mid-$500s and slowly higher, did not cause my BTC holdings to go back into the negative.  Sure, my BTC holdings did not look that great on paper in late 2016, and they were still on paper because of my ongoing determination to stay in the accumulation and maintenance mode... which did not involve selling.  Profits, are still on paper, but they are way the hell higher than they were in those years.... and largely seems to be a product of determination and persistence, so even if some guys (and gal) have average BTC costs that are much higher than mine (or LFC's) it remains decently likely that persistency with DCA and accumulate and maintain and HODL.. is likely to pay off, which will provide abilities to sell at higher prices, if you so chose... likely, but not guaranteed, that's for sure.   

[xhomerx10]

BTCITCOIN NEEDS YOUR HELP!!! CHANGE ALL YOUR PROFILE PICTURES!!! EVERYWHERE!!! NOW!!!

 I did this hours ago!  When moon?

[Icygreen]

For this special hour of panic on WO, a true story:
Two days ago I stopped at the only stoplight along a rural beachtown drive just as the light turned red.  As if it was aware of the opportunity to use a crosswalk, and with precise timing, a small snake about the size of a common garden variety slithered out onto the road before pausing half way across.  Being familiar with most of the harmless local snake folk in this area I decided to usher the critter across the road to safety ahead of the next green light.  I dismounted my motorbike and approached the snake in a calm manner. Just as I were to take my final pace, the snake turned on me, arched its neck in recoil strike pose and sprung open a previously invisible hood which suddenly made its head appear 3 times larger.  OH SHIT, COBRA!  I froze at less than a meter between us and stared down at my feet wearing the standard $2 flip flop sandles afforded by the natives.
I couldn't move my feet for fear it would be the final trigger. There was 50/50 odds of a successful strike from that short distance.  I could hear other motorists laughing or maybe yelling something at the scene from the stoplight which made me immediately feel like another stupid white tourist far out of his jurisdiction. After a few seconds in lock with the cobra, the light must have turned green and a vehicle slowly passed behind the snake which drew its attention and recoil towards the moving object.
I jumped back with relief and GTFO. The cobra carried on calmly and safely to the other side of the road however, sadly Honey badger courage did not show up on this day.   This would be my first and only encounter with a cobra in the wild of which I clearly was unprepared for.  
Extrapolate what you will in regards to BTC visions and parable. Nothing has changed.
HODL

[JayJuanGee]

Lookie-lookie who is focused on the wrong thingie-ma-jiggies.....

 


Answer:


 

I cannot tell a lie, didn't vote not sure.

WHIMPY!!!!!!!!

I know that d_eddie is eager to see some WO regular get a batman slap, but I am going to assert that you don't quite deserve it....


So instead, for your clearly demonstrated whimpiness by admission, going to give you one of these:

[xhomerx10]

For this special hour of panic on WO, a true story:
Two days ago I stopped at the only stoplight along a rural beachtown drive just as the light turned red.  As if it was aware of the opportunity to use a crosswalk, and with precise timing, a small snake about the size of a common garden variety slithered out onto the road before pausing half way across.  Being familiar with most of the harmless local snake folk in this area I decided to usher the critter across the road to safety ahead of the next green light.  I dismounted my motorbike and approached the snake in a calm manner. Just as I were to take my final pace, the snake turned on me, arched its neck in recoil strike pose and sprung open a previously invisible hood which suddenly made its head appear 3 times larger.  OH SHIT, COBRA!  I froze at less than a meter between us and stared down at my feet wearing the standard $2 flip flop sandles afforded by the natives.
I couldn't move my feet for fear it would be the final trigger. There was 50/50 odds of a successful strike from that short distance.  I could hear other motorists laughing or maybe yelling something at the scene from the stoplight which made me immediately feel like another stupid white tourist far out of his jurisdiction. After a few seconds in lock with the cobra, the light must have turned green and a vehicle slowly passed behind the snake which drew its attention and recoil towards the moving object.
I jumped back with relief and GTFO. The cobra carried on calmly and safely to the other side of the road however, sadly Honey badger courage did not show up on this day.   This would be my first and only encounter with a cobra in the wild of which I clearly was unprepared for.  
Extrapolate what you will in regards to BTC visions and parable. Nothing has changed.
HODL

 You need to get a pet honey badger to travel with you!

[Icygreen]

For this special hour of panic on WO, a true story:
Two days ago I stopped at the only stoplight along a rural beachtown drive just as the light turned red.  As if it was aware of the opportunity to use a crosswalk, and with precise timing, a small snake about the size of a common garden variety slithered out onto the road before pausing half way across.  Being familiar with most of the harmless local snake folk in this area I decided to usher the critter across the road to safety ahead of the next green light.  I dismounted my motorbike and approached the snake in a calm manner. Just as I were to take my final pace, the snake turned on me, arched its neck in recoil strike pose and sprung open a previously invisible hood which suddenly made its head appear 3 times larger.  OH SHIT, COBRA!  I froze at less than a meter between us and stared down at my feet wearing the standard $2 flip flop sandles afforded by the natives.
I couldn't move my feet for fear it would be the final trigger. There was 50/50 odds of a successful strike from that short distance.  I could hear other motorists laughing or maybe yelling something at the scene from the stoplight which made me immediately feel like another stupid white tourist far out of his jurisdiction. After a few seconds in lock with the cobra, the light must have turned green and a vehicle slowly passed behind the snake which drew its attention and recoil towards the moving object.
I jumped back with relief and GTFO. The cobra carried on calmly and safely to the other side of the road however, sadly Honey badger courage did not show up on this day.   This would be my first and only encounter with a cobra in the wild of which I clearly was unprepared for.  
Extrapolate what you will in regards to BTC visions and parable. Nothing has changed.
HODL

 You need to get a pet honey badger to travel with you!

Thought the Bitcoin honey badger analogy would be enough, but literally.   

[HairyMaclairy]

Boeing finally reads the poop manifesto on the wall and halts the MAX production line.  They have been rolling the goddamn things out and parking them nose to tail for months.

This is what peak malinvestment looks like.

Where are the shorts, activist investors and proxy advisors to whip the board into shape?

[Hueristic]

Lookie-lookie who is focused on the wrong thingie-ma-jiggies.....

 


Answer:


 

I cannot tell a lie, didn't vote not sure.

WHIMPY!!!!!!!!

I know that d_eddie is eager to see some WO regular get a batman slap, but I am going to assert that you don't quite deserve it....


So instead, for your clearly demonstrated whimpiness by admission, going to give you one of these:

This ones for D_eddie!!!

For this special hour of panic on WO, a true story:
Two days ago I stopped at the only stoplight along a rural beachtown drive just as the light turned red.  As if it was aware of the opportunity to use a crosswalk, and with precise timing, a small snake about the size of a common garden variety slithered out onto the road before pausing half way across.  Being familiar with most of the harmless local snake folk in this area I decided to usher the critter across the road to safety ahead of the next green light.  I dismounted my motorbike and approached the snake in a calm manner. Just as I were to take my final pace, the snake turned on me, arched its neck in recoil strike pose and sprung open a previously invisible hood which suddenly made its head appear 3 times larger.  OH SHIT, COBRA!  I froze at less than a meter between us and stared down at my feet wearing the standard $2 flip flop sandles afforded by the natives.
I couldn't move my feet for fear it would be the final trigger. There was 50/50 odds of a successful strike from that short distance.  I could hear other motorists laughing or maybe yelling something at the scene from the stoplight which made me immediately feel like another stupid white tourist far out of his jurisdiction. After a few seconds in lock with the cobra, the light must have turned green and a vehicle slowly passed behind the snake which drew its attention and recoil towards the moving object.
I jumped back with relief and GTFO. The cobra carried on calmly and safely to the other side of the road however, sadly Honey badger courage did not show up on this day.    This would be my first and only encounter with a cobra in the wild of which I clearly was unprepared for. 
Extrapolate what you will in regards to BTC visions and parable. Nothing has changed.
HODL

Haha, funny shit man. I once free climbed a cliff and right at the top as I was pulling myself up noticed there was a rattler a foot and a half away from my face coiled up. I moved real fucking slow from there and thanked the gods it didn't nail my ass.

[xhomerx10]

Only 14 days until craig wright will allegedly drive Bitcoin to $0 with his tulip trust stash.  Maybe Mr. Micg can rebuild his Bitcoin empire at really bargain prices.

[HI-TEC99]

Only 14 days until craig wright will allegedly drive Bitcoin to $0 with his tulip trust stash.  Maybe Mr. Micg can rebuild his Bitcoin empire at really bargain prices.

He's not Satoshi, he's a very naughty boy.

[Hueristic]

Only 14 days until craig wright will allegedly drive Bitcoin to $0 with his tulip trust stash.  Maybe Mr. Micg can rebuild his Bitcoin empire at really bargain prices.

He's not Satoshi, he's a very naughty boy.

[JayJuanGee]

Lookie-lookie who is focused on the wrong thingie-ma-jiggies.....

 


Answer:


 

I cannot tell a lie, didn't vote not sure.

WHIMPY!!!!!!!!

I know that d_eddie is eager to see some WO regular get a batman slap, but I am going to assert that you don't quite deserve it....


So instead, for your clearly demonstrated whimpiness by admission, going to give you one of these:

This ones for D_eddie!!!

d_eddie is going to be overdosing with batman slaps.

I did one for him too.  On another thread.    See this one linked here.

 

Feels good to get it out, doesn't it?

[LUCKMCFLY]

I think that you should be patient right now.

The good thing is that if this is a bullish bottom, we have time

I much rather await how price develops towards the level than to have bids and risk it will just puke through it

Accumulation is a slow process

Patience is always key

Source: https://twitter.com/BTC_JackSparrow/status/1206528998119002112

[Biodom]

I have to admit that I don't understand current markets, which now include bitcoin as well.
The linear btc chart makes absolutely no sense.
The log chart makes some sense still, not sure how long this would last, perhaps not too long.
The whole "crypto" system is undergoing something of a slow motion collapse in price, it seems, despite nominally positive news.
I am a big btc proponent, but I don't believe that btc would survive if everything else crypto-related completely fails.

The fiat system currently look victorious and marvels at it's ability to "print" money on a whim with nary any consequence, but we all know that it is really a mirage, but in one's lifespan such mirage can last essentially forever.

We shall see. No jerky buying/selling moves.

[JayJuanGee]

I have to admit that I don't understand current markets, which now include bitcoin as well.
The linear btc chart makes absolutely no sense.
The log chart makes some sense still, not sure how long this would last, perhaps not too long.
The whole "crypto" system is undergoing something of a slow motion collapse in price, it seems, despite nominally positive news.
I am a big btc proponent, but I don't believe that btc would survive if everything else crypto-related completely fails.

The fiat system currently look victorious and marvels at it's ability to "print" money on a whim with nary any consequence, but we all know that it is really a mirage, but in one's lifespan such mirage can last essentially forever.

We shall see. No jerky buying/selling moves.

Of course, none of us has any kind of clear theory of the dump regarding how far or how long.  Of course, lambie has some theories, but what the fuck does he know besides drama queen?  Anyhow, it seems that shitcoins can get purged of a decent amount of excessive value, and could be that altcoin season comes in a different kind of way (and to different shitcoins) than it had come in the past.  

I doubt that a shuffling and purging of value in shitcoins really undermines bitcoin.  There are likely always going to be some shitcoins, but do they really need to not be punished from time to time for their level of dumb?

  You think all that bullshit de-fi and other nonsensical network effects cannot get taught a lesson with their dumbass investing into projects that are built on the foundations of a shitcoin (ethereum 1.0, 2.0, or whatever other phone baloney layers of confusion they are propagating)?

I doubt that bitcoin is going to die from such ongoing and potentially heavy shitcoin purging that also might even purge a decent number of bitcoin investors, too.

[Biodom]

I have to admit that I don't understand current markets, which now include bitcoin as well.
The linear btc chart makes absolutely no sense.
The log chart makes some sense still, not sure how long this would last, perhaps not too long.
The whole "crypto" system is undergoing something of a slow motion collapse in price, it seems, despite nominally positive news.
I am a big btc proponent, but I don't believe that btc would survive if everything else crypto-related completely fails.

The fiat system currently look victorious and marvels at it's ability to "print" money on a whim with nary any consequence, but we all know that it is really a mirage, but in one's lifespan such mirage can last essentially forever.

We shall see. No jerky buying/selling moves.

Of course, none of us has any kind of clear theory, but seems that shitcoins can get purged of a decent amount of excessive calue, and could be that altcoin season comes in a different kind of way (and to different shitcoins) than it had come in the past.  

I doubt that a shuffling and purging of value in shitcoins really undermines bitcoin.  There are likely always going to be some shitcoins, but do they really need to not be punished from time to time for their level of dumb?

  You think all that bullshit de-fi and other nonsensical network effects cannot get taught a lesson with their dumbass investing into projects that are built on the foundations of a shitcoin (ethereum 1.0, 2.0, or whatever other phone baloney layers of confusion they are propagating)?

I doubt that bitcoin is going to die from such ongoing and potentially heavy shitcoin purging that also might even purge a decent number of bitcoin investors, too.

Is there a single internet company/stock?
There is no ecosystem consisting of one entity...the only one was depicted in sci-fi "Solaris" (the book, not the US movie, which mostly sucks).
Multiple entities (i don't care how you call them) provide the gamut of ideas on how to move forward. The whole field benefits.

[goldkingcoiner]

Am I too late for the WO dump panic? I'm sorry, I know its tradition...

*ahem*

OH NO BITCOIN IS GOING DOWN OH SHIT OH SHIT OH SHIT ITS OVER! 3K SOON!!1 *hands start shaking*

[Paashaas]

This is most likely just a little December tax loss harvesting for the U.S. and any other countries where its applicable, the Bargain Boyz still aren't buying yet, but they will come out of hiding sometime before the halving (first half of January is my best estimate rn) for the final capitulation.

via Imgflip Meme Generator

The bargain boyz are currently FOMOing the stock market, after they made their profits they wil return to buy cheap BTC and pump the price with atleast $5k - $10k.