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

[jbreher]

Hopefully, infofront set a reasonable budget and limitation on the number of relatives to whom he would give gifts... perhaps less than 20 in order that he will still have some bitcoins left by the end of the trip.  And, don't let anyone.. maybe not even the wife know specifics about the bitcoin holdings.   

You will thank me later.

Protip 1: Don't ask jbreher, because he will be having you giving whole bitcoins to almost any relative, which surely can add up quickly. 

Not 'almost any relative'. Just the downline. After all, they're gonna need to know how to manage it when I've left this mortal coil. And 'having you' is more than a stretch. I've never advocated others do the same. I'm just indicating what works for me.

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[JayJuanGee]

Hopefully, infofront set a reasonable budget and limitation on the number of relatives to whom he would give gifts... perhaps less than 20 in order that he will still have some bitcoins left by the end of the trip.  And, don't let anyone.. maybe not even the wife know specifics about the bitcoin holdings.  

You will thank me later.

Protip 1: Don't ask jbreher, because he will be having you giving whole bitcoins to almost any relative, which surely can add up quickly.  

Not 'almost any relative'. Just the downline. After all, they're gonna need to know how to manage it when I've left this mortal coil. And 'having you' is more than a stretch. I've never advocated others do the same. I'm just indicating what works for me.

Look who is Mr. GrumpyPicnicTableBear today?  

Did not even show appreciation for the (season-based) tailored honorable mention.    

Merry Christmas to you, too.  

[makrospex]

Bought dad a 1TB SSD
...
 
edit: I shouldn't complain so much  at least I'm off work

Get him some sort of online backup plan. Or stick in even a slower HDD as mirrored backup thingy. (or set up a NAS in your place so he can use something like crashplan? not sure what's online these days. basically you're the cloud provider or something.)

 Thanks Dabs but my plan was to speed up his computer.  I was sick of the time it was taking to do anything when he asked me to "fix" something on it.  Cloud would really slow it down wouldn't it?  Internet speed is only 25mb/s here.

Maybe also disable the damn superfetch service (google) which makes a windoze pc become a memory swapping machine over time.
One of the greatest WinNT 5 misconceptions, already "tested" from WinME upwards.
I sped up most windoze boxes that were one to three years old considerably, just by disabling this stupid memory prefetch service bug (because it's NOT a feature, imo)
SSD is fine, but backup to good old spinning hdd is mandatory and it don't stop the swap uh-huh, uh-huh. break it down, baby  

[jbreher]

Hey all, any of you guys know what Bruno’s alt is now? He changes accounts like most people change socks. I need to sent him a pm and can’t seem to find an alt more current than April 2019.

Well, I know he's been out of the action for a while due to real life things I'm not sure I should mention, but your best bet is to PM his Phinnaeus Gage account, as that's the one he uses most often.

He can also be reached on Telegram: @BrunoKucinskas

I thought he lost control of the Phinnaeus Gage acct long ago and went to Gleb. I’ll try Telegram. Thx

I'm pretty sure Burt gave it back.

[Globb0]

Direct paging

[Last of the V8s]

oh god the crypto ban thing on youtube was about pedos talking and 'organising' in the comments
'content creators' were warned repeatedly

[AlcoHoDL]

Anyone need a computer upgrade?  I'm available.

I’ll take a wallet.dat upgrade.

If you could just replace mine with a new file containing 10,000BTC that’d be great, thanks.

You know, when you initialize a Trezor or Ledger, the generated seed could theoretically belong to someone else's wallet. Just imagine initializing your brand new Trezor and finding it already contains 10,000 BTC. Just imagine the feeling!  

Of course, the probability of this happening is near-zero, but still non-zero, so one can dream...

Of course, there is still the same nonzero probability of some other lucky guy initializing his own device to the same seed as your newly acquired wealth, so one can have nightmares as well.

Very true...

Reminds me of an old classic:

The Twilight Zone - "Button, Button"

[Phil_S]

Damn it, we're in that cursed 7xxx range since Nov 21... not counting short-lived dips... that's more than a month.

I feel it's time to leave.

Hopefully we'll move to 8xxx and soon!

[AlcoHoDL]

Damn it, we're in that cursed 7xxx range since Nov 21... not counting short-lived dips... that's more than a month.

I feel it's time to leave.

Hopefully we'll move to 8xxx and soon!

This is fine^TM.

For me at least. I'm exactly 273% in profit at this very moment.

HoDL.

[JayJuanGee]

Anyone need a computer upgrade?  I'm available.

I’ll take a wallet.dat upgrade.

If you could just replace mine with a new file containing 10,000BTC that’d be great, thanks.

You know, when you initialize a Trezor or Ledger, the generated seed could theoretically belong to someone else's wallet. Just imagine initializing your brand new Trezor and finding it already contains 10,000 BTC. Just imagine the feeling!  

Of course, the probability of this happening is near-zero, but still non-zero, so one can dream...

Of course, there is still the same nonzero probability of some other lucky guy initializing his own device to the same seed as your newly acquired wealth, so one can have nightmares as well.

Very true...

Reminds me of an old classic:

The Twilight Zone - "Button, Button"

Surely, a similar idea, and surely, very likely to push the button.  That's my take, anyhow.

Damn it, we're in that cursed 7xxx range since Nov 21... not counting short-lived dips... that's more than a month.

I feel it's time to leave.

Hopefully we'll move to 8xxx and soon!

This is fine^TM.

For me at least. I'm exactly 273% in profit at this very moment.

HoDL.

There are times in which I can attempt to provide accurate assessments, but assessing current level of "profits" is not one of them, even my historical attempts at assessing the matter are approximate - including when I was in about one of my lowest areas of losses at about 65.008927683058% losses on January 13, 2015.  Cannot remember the time of day for that approximate "estimate," either.  

Edit:  By the way, there are likely a lot of people who engage in a financial assessment at the end of the year, and maybe even wait to finalize it after the new year has passed... so maybe there could be another assessment coming up for a lot of people, including HODLers of bitcoin.

[Last of the V8s]

If you look closely you can see Roger Ver over on the right there on his own.

[LUCKMCFLY]

Insteresting perspective:

Would you feel the same about #bitcoin's current price of $7200 ?
...
If 2013 peak was $100 instead of $1000, and 2017 peak was $2k instead of $20k (If that were true, BTC would have increased every single year). #perspective

Source: https://twitter.com/100trillionUSD/status/1210653170210357248

[Arriemoller]

Any way, Christmas is over, let’s get back to doing what we do best......

Observing walls, checking the price too many times a day & dreaming of the MOON!

Ahem. "The 12 Days of Christmas start on Christmas Day and last until the evening of the 5th January - also known as Twelfth Night. The 12 Days have been celebrated in Europe since before the middle ages and were a time of celebration."
Says the all knowing internet, Christmas songs in november is not the beginning if Christmas, just bloody annoying.

[dragonvslinux]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.



The Weekly is yet to print the buy signal (also only half way through the week), so no confluence between these time-frames yet, but still:

If these buy signals come through, I will become an uber bull  

[Lambie Slayer]

Belated Merry Christmas to everyone. Just finished catching up on 9 days of WO reading, familial duties kept me busy of late.

[Lambie Slayer]

So, let's face it: Lambie was wrong this time too. No $5k no 4k or 3k. Not even $6k dammit! He's so proud of himself for "declaring baby bull market" but how many times since then he was wrong predicting bear moves? There has to be some reason a person predicts bear moves every now and then. The guy is smart, I admit. But to me he's just a smarter version of gembitz. Sorry Lambie fans.  

I've only heard him tossing out the number $5k in the last day... did he do so previously? He just said it won't go to $3k. And I've got news for you: this is $6k. This is it. He's been right about calls he made 3-4 months or so ago, which is better than most can say.

Everybody is a smarter version of gembitz. My comb is a smarter version of gembitz. Yeah I guess I'm a Lambie fan. Oh well, I'll have to learn to live with it.

Well said Nutildah. 6k range did happen.

And yep, we are all smarter than gembitz.

And yeah 3k isnt gonna happen imo, somebody is misremembering my posts. 5k's might be in the cards though, it could go either way at this point in my opinion.

Id want to see some serious volume among other things before I called bottom yet.

I bought 2 more coins when the Bargain Boyz buy zone was reached but Id like to get another 8 or so if the price is right. Ill let the Boyz guide me. Obviously we all know its a metaphor for shrewd investors holding out for compelling prices, so when I said the Boyz were buying it meant I was buying too.

[dragonvslinux]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

[Biodom]

about an alt: people are finally waking up to a basic betrayal of trust...

https://www.trustnodes.com/2019/12/27/the-mystery-of-12-million-eth

Yet so much remains unknown. Was there a contract? Between who? What were the terms? What were the conditions? Has this contract been breached?

By the letter of it, perhaps not, but in the court of public opinion it certainly has been breached, for that payment was based on the promise of a completed roadmap to Serenity, a promise implicitly or explicitly made by all of them.

They got so much, and instead of exercising their knowledge, even their talent, and perhaps more importantly instead of educating the new generation to pass on skills, they spoil themselves.

what a clusterf--k, but with us pushing 70% in dominance, would not add much.

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners became mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.

TL;DR It is was not switching hashing OFF, it was a replacement cycle.

[dragonvslinux]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners become mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.

TL;DR It is was not switching hashing OFF, it was a replacement cycle.

Not relevant. These signals have been back tested pre-ASIC. I'm sure that any TA based miner would be able to pin point the relevant cycles with releases of different models of miners that end up on the market, or others that drop out of the market for that matter, in relation to these capitulation & buy cycles.

Me, I do not care for economics, only reliable technical indicators. It's signalling a buy and this indicator hasn't been wrong yet, I won't be betting against it for that reason.

[Biodom]

The Hash Ribbons indicator is currently signalling a buy. Closing the day at current price would be the first buy signal since January 11th 2019 at $3,632.

Sorry but had to post again, still can't get my head around this. Most indicators are telling me we're going down. Hash Ribbons is telling me the bottoms in on a long-term scale.



Why do I care about Hash so much? I don't, I care about an indicator that's given 9 signals in 9 years with 100% success rate of calculating post-bottoms in the market (or best accumulation prices). Therefore, if this signal is wrong, it would be part of the 10% unreliable signalling, meaning on a Daily time-frame at least, there is a 90% chance the bottom is in  

This signal might still work, but there is a simple technical explanation for hashing rate stagnation (or minuscule decline).
The reason is that upon decline from $14K to $7K and simultaneous prior increase in hashing caused by the deployment of new generation miners (starting in about may-June), old trusty S9 miners become mostly unprofitable to run and there was A LOT of them, so it was a multi-month process of switching old gen off and new on. Large miners never do it in one swoop, it is a process.

TL;DR It is was not switching hashing OFF, it was a replacement cycle.

Not relevant. These signals have been back tested pre-ASIC. I'm sure that any TA based miner would be able to pin point the relevant cycles with releases of different models of miners that end up on the market, or others that drop out of the market for that matter, in relation to these capitulation & buy cycles.

Me, I do not care for economics. Only reliable technical indicators. It's signalling a buy and this indicator hasn't been wrong yet, I won't be betting against it for that reason.

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.
BTW: in the hypothetical surrogate TA observation that temperature is lower in the winter than in the summer (in northern hemisphere) what is more important: the "TA" observation or the knowledge of orbital tilt and planet rotation around the star?