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Question: Is this the last time we see sub-$10K?
Yes - 38 (40.9%)
No - 55 (59.1%)
Total Voters: 93

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21534773 times)
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Phil_S
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December 27, 2019, 07:45:35 PM

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!

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AlcoHoDL
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Addicted to HoDLing!


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December 27, 2019, 07:54:07 PM

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 fineTM.

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

HoDL.
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How much alt coin diversification is needed? 0%?


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December 27, 2019, 07:59:53 PM
Last edit: December 27, 2019, 08:14:01 PM by 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!  Shocked

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 fineTM.

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.   Embarrassed

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
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Be a bank


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December 27, 2019, 08:32:06 PM
Merited by xhomerx10 (1), LUCKMCFLY (1)



If you look closely you can see Roger Ver over on the right there on his own.
LUCKMCFLY
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DAVID CHAUM's xx coin SALE IS NOW LIVE!


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December 27, 2019, 09:08:43 PM

Insteresting perspective:

Quote
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
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Justitia arma requirit


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December 27, 2019, 09:15:41 PM
Merited by vapourminer (1), xhomerx10 (1), DeathAngel (1)

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
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December 27, 2019, 09:34:27 PM

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. Shocked



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  Grin
Lambie Slayer
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December 27, 2019, 10:03:14 PM

Belated Merry Christmas to everyone. Smiley Just finished catching up on 9 days of WO reading, familial duties kept me busy of late.
Lambie Slayer
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December 27, 2019, 10:19:34 PM

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.   Cool

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. Smiley

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.
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December 27, 2019, 10:21:11 PM

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. Shocked

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  Shocked
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December 27, 2019, 10:25:34 PM
Last edit: December 27, 2019, 10:41:18 PM by Biodom
Merited by JayJuanGee (1)

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

Quote
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. Shocked

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  Shocked

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.
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December 27, 2019, 10:41:14 PM

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. Shocked

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  Shocked

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.
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December 27, 2019, 10:42:44 PM
Merited by Arriemoller (1)

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. Shocked

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  Shocked

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?
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December 27, 2019, 10:47:48 PM

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.

TA is based on probability, that is based on mathematics, 1s and 0s. The latter has been reliably tested for thousands of years. The former, for only a couple of hundred maybe.
Economics is based on a load suits in a room deciding whey think is best to do with their money, at the detriment of anyone else.
My faith in mathematics is inexplicably higher than any moronic human species based intelligence.
Believe what you want, I know what I'll be putting my money on: 1s and 0s.
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December 27, 2019, 10:55:49 PM

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.

TA is based on probability, that is based on mathematics, 1s and 0s. The latter has been reliably tested for thousands of years. The former, for only a couple of hundred maybe.
Economics is based on a load suits in a room deciding whey think is best to do with their money, at the detriment of anyone else.
My faith in mathematics is inexplicably higher than any moronic human species based intelligence.
Believe what you want, I know what I'll be putting my money on: 1s and 0s.

TA has almost nothing to do with math, it is mostly interpretation of the prior data with Fibonacci numbers thrown in to give it a 'pseudo'-scientific feel.
However, if it works for you due to some 'hidden' parameter that you don't even realize exist, so be it.
Happy trading!
Lambie Slayer
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December 27, 2019, 11:00:12 PM

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.   Cool

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.

I guess that you had not noticed that he had been calling for a price correction ever since about early May when we crossed over $6k... So, yeah.. sooner or later he is likely to end up being correct, so that merely makes him entertaining, at best, rather than the soothsayer god-like creature that he would like to have doted upon his attention-whoring little noggen.    Cheesy Cheesy Cheesy Cheesy Cheesy

I may have mentioned a possible retrace here and there, I dont have time to go through all my posts, but im pretty sure we had already hit 9k at the end of May before I started getting decisively bearish on a medium term time scale. Hell I remember off the top of my head posting about a leveraged long I closed in May in the 7ks so I dug up that post, which you merited by the way.

https://bitcointalk.org/index.php?topic=178336.msg51033899#msg51033899

Not exactly uber bear material after crossing 6k now is it?


The pump from 10k to 14k was certainly a surprise to me, but we all know it didn't last long, and after July 26 once we hit 14k its been a down trend since.

Did we possibly hit the bottom of the trend in the Bargain Boy Buy zone recently. Perhaps, but at the moment I'm leaning against this, although actually hitting the zone does make me a lot less bearish. Id say 35 percent chance that was the end and its all up from here. 65 percent chance the B Boyz come out to play at least one more time imo.

Your insecure vendetta against anyone with an opinion on future price is getting sillier and sillier as time goes by. Nobody buys an asset without having opinions as to where the price will go, so yeah we are all sorcerers around here, get used to it.

Also please explain how posting a billion words a week isn't attention whoring Cheesy Id like some insights into that logic. All social interaction is attention seeking by nature, in person or online, get used to that too.  Wink

The JJG indicator is still undefeated, the more mad you get at my predictions the more likely Im right, per usual.
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December 27, 2019, 11:04:11 PM

The Bargain Boyz have kicked off the celebration early with some pints of shandy, happy to have loaded up their F-150s with sub $7k corn.



I suspect we won't hear from them in a while, but who knows what will actually happen? To be continued...


Didn't you hear that they are still waiting to buy, those dweebs.

Someone caught a slow motion video of them this morning, and I don't think that they are faring too well...

They are not really in very good shape.




Incorrect, they are in their prime with excellent blood pressure. Spend less time revenge typing and you should experience some health benefits yourself.  Wink

Remember you are missing the train I caught long ago. To get on that train you need to divest out of your questionable investments and up your percent of investment in King Bitcoin.

Id recommend something respectable as a bare minimum, like 50 percent of net worth devoted to the  King.

Typing walls for 50 percent of your life is a time investment, not a financial one.  
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December 27, 2019, 11:05:54 PM
Merited by Lambie Slayer (1)

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.   Cool

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.

I guess that you had not noticed that he had been calling for a price correction ever since about early May when we crossed over $6k... So, yeah.. sooner or later he is likely to end up being correct, so that merely makes him entertaining, at best, rather than the soothsayer god-like creature that he would like to have doted upon his attention-whoring little noggen.    Cheesy Cheesy Cheesy Cheesy Cheesy

Id say 35 percent chance that was the end and its all up from here. 65 percent chance the B Boyz come out to play at least one more time imo.


If chances are as you described, then Kelly criterion says: no new bet (yet).
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December 27, 2019, 11:08:43 PM

TA is voodoo, it NEVER works reliably. Economics of the process is what actually works.

TA is based on probability, that is based on mathematics, 1s and 0s. The latter has been reliably tested for thousands of years. The former, for only a couple of hundred maybe.
Economics is based on a load suits in a room deciding whey think is best to do with their money, at the detriment of anyone else.
My faith in mathematics is inexplicably higher than any moronic human species based intelligence.
Believe what you want, I know what I'll be putting my money on: 1s and 0s.

TA has almost nothing to do with math, it is mostly interpretation of the prior data with Fibonacci numbers thrown in to give it a 'pseudo'-scientific feel.
However, if it works for you due to some 'hidden' parameter that you don't even realize exist, so be it.
Happy trading!

Technical indicators are exclusively based on mathematics, the source code would tell you this if you bother to read them, but never-mind.
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December 27, 2019, 11:09:40 PM

I want to take this moment to remember that exactly one year ago we were at around $3.5K and it was a hard blow after all the previous year unfulfilled dreams.

During 2019, it seems we have bottomed and doubled that.

What I mean is...



HAPPY XMAS TO ALL OF YOU WO BROTHELS



#nohomo #wosign #dyor

If you are proposing WO members get together and open brothels after 100k is reached then Id like to hear more about this business concept please.  Cheesy
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