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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (1.1%)
7/28 - 11 (11.6%)
8/4 - 16 (16.8%)
8/11 - 7 (7.4%)
8/18 - 5 (5.3%)
8/25 - 7 (7.4%)
After August - 48 (50.5%)
Total Voters: 95

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26448014 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.)
cAPSLOCK
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May 15, 2021, 07:33:03 AM
Merited by JayJuanGee (1)


Anyone following the bet between he and "Dave the Wave" on Twitter?  Dave is MUCH more conservative and I think his dominant long term model is more of a softening parabola, and frankly I think according to his tea leaves we may have already peaked in this "cycle".  He and PlanB have some bet revolving around 100k or not, I think.

Link or it did not happen.   Angry Angry Angry


It happened on twitter, that I know. I just can't find it Sad

I swear they put some money to it, but here was where they were starting to compare models etc:
https://twitter.com/100trillionUSD/status/1220357903779008512

And someone mentioned the bet here:
https://twitter.com/Bizniz203/status/1370834342516117505

But I cannot find the bet...  Maybe it was just a handshake, but I swear they put 1BTC or something... hmm.

I was just listening to Guy Swan's podcast from today, and then he gets to the end of the reading of the article, and he said,

"CCMF.   I do not know what CCMF means, and I looked around a bit, and I could not find what CCMF means, so if anyone knows, let me know." 

I said to my lil selfie (of course silently):  "I know what CCMF means," and then I continued to listen to the podcast while I was eating and doing some other stuff, so I was not paying close attention.. but I kept thinking about the CCMF at the end of the article.. so I decided to look on the podcast description at who the fuck Guy Swan was reading, and it ended up that the article that Guy Swan was reading was from uie puie.. our boy, cAPSLOCK himself... hahahahaha... nice bullish article.. for sure...

Bitcoin Audible: Read_527 - Why Layer 2 & Sidechains Will Do All the Things!! [cAPSLOCK]

The podcast is about 45 minutes, but the reading of the article is about 20 minutes.  From my first superficial listen, it seems to be worth a listen, and I will admit that I am going to have to listen to the podcast one more time because I realize that I was not paying very close attention to the podcast the first time around so I will be wanting to hear it again.. nice.. . maybe it was my ADHD kicking in?   Wink




Choo Choo mothafucka. 

We'll make sure he knows... 🎢🐂🐂🐂
El duderino_
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May 15, 2021, 08:03:03 AM
Merited by JayJuanGee (1)

Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).

https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/

IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.

TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.

I mainly see business as usual tbh.... dips like always.... I also have a “largely btc position” like 98% of my cryptos.... not gonna change that though...

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May 15, 2021, 08:45:27 AM
Merited by JayJuanGee (1)

"It [Bitcoin] isn't a more energy-intensive way of doing consumer payments; it's a less energy-intensive way of achieving consensus than war."

https://twitter.com/saifedean/status/1393480807390535681
Sayeds56
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May 15, 2021, 09:24:01 AM

Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).

https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/

IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.

TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.

I mainly see business as usual tbh.... dips like always.... I also have a “largely btc position” like 98% of my cryptos.... not gonna change that though...





https://www.tradingview.com/chart/BTCUSD/ZnBwwKcP-BTCUSD-is-near-strong-support-zone-and-new-channel-formed-too/
AlcoHoDL
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May 15, 2021, 10:17:28 AM
Merited by JayJuanGee (1)

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?
somac.
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May 15, 2021, 10:27:05 AM

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes.
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May 15, 2021, 11:18:42 AM
Merited by JayJuanGee (1), cAPSLOCK (1)

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?
I don't know where Bob is, but I do know that reading mEtheads talking about it becoming more valuable than bitcoin and more deflationary than bitcoin is making me crazy.
And people are buying the narrative.
Crazy
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May 15, 2021, 11:47:45 AM

40000€ is a nice price to buy so I bought. A bit at 39000€ the other day, too.
Sayeds56
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May 15, 2021, 11:52:06 AM

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes.

Absolutely right. Price goes down on Saturday but on Sunday evening price recovery starts.


https://www.longhash.com/en/news/3438/Monday-Lows-and-Sunday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour
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May 15, 2021, 12:18:57 PM

shahzadafzal
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May 15, 2021, 12:54:48 PM

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

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May 15, 2021, 12:58:33 PM

Prediction time:

2017: Blockchain not Bitcoin
2021: Crypto not Bitcoin
2025: Central Bank Crypto not Bitcoin
2029: Corporate Network not Lightning Network
2034: Interstellar gate energy transfer not Earth Bitcoin
2038: Space Invader chips not Sol Bitcoin
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May 15, 2021, 01:09:07 PM
Merited by Arriemoller (1)

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

We don't need that collectivist BS. It's an individual race to the top, not a group hug to the bottom.
philipma1957
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May 15, 2021, 02:18:49 PM

I too afraid to point out that LTC/DOGE mining ⛏ is as viable as Btc mining.

And that within the al gore rhythm scrypt there is no real competition for Ltc/doge

but that within the al gore rhythm sha 256 bch claims to be a rival with BTC.

Al Gore Rhythm?

It does seem like a novel way of generating true randomness. Is this this the new way of environmentally friendly mining without PoW?

remember he invented the internet so "al gore rhythm" merely pays him the homage he deserves.




Lets see how long it takes for someone to think am I being clever or literal.
rolling
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May 15, 2021, 02:21:34 PM

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

We don't need that collectivist BS. It's an individual race to the top, not a group hug to the bottom.

Only works with well behaved pre-pubescent boys. Once you throw in a little chaos (i.e. females), the game changes drastically.

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May 15, 2021, 02:21:57 PM

Are you being clever or literal?
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May 15, 2021, 02:28:32 PM

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

We don't need that collectivist BS. It's an individual race to the top, not a group hug to the bottom.

Only works with well behaved pre-pubescent boys. Once you throw in a little chaos (i.e. females), the game changes drastically.

Ahh you got me here..!!!
But how about gays (i.e. Elon)?
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May 15, 2021, 02:29:00 PM
Merited by BitcoinHunt3r (2), JayJuanGee (1), Arriemoller (1), Poker Player (1)

@100trillionUSD
#bitcoin  relative strength index (RSI): we are at the typical mid-bull-cycle drop in RSI (yellow circles), in between 2013 and 2017. Excited about next couple of months.

https://twitter.com/100trillionusd/status/1393571337399152641?s=21
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May 15, 2021, 03:03:25 PM

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.



Stuff like that only works in small tribal groups, it's kind of how it must work in small groups like that, compare it to a family where all the kids must have an exact equal amount of candy and soda or they go bananas.
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May 15, 2021, 03:04:51 PM

[edited out]

He doesn't like that people accrue BTC via way of shitcoins, either mined or purchased.

Work it somac...

You have to really stretch your logic to be making those kinds of dumbass childish assertions.  Should I even presume that you are not a child?

In essence, each of us is lucky to be able to figure out ways to attempt to tailor our own situations to our investment strategies, so surely it is understandable that guys are going to acquire BTC and even make allocations in a variety of ways.  They are sometimes going to gamble and learn along the way too.

There is a difference also between suggesting one strategy to be superior to some other strategies and also to attempt to stay topical.  Devolving into shitcoins tends to NOT be topical, but there are ways that cursory treatments can be made, even in this thread, and no one will jump on you for pumping some shitcoin.. sure some folks like to pump shitcoins in this thread, so if they are mostly talking about ways to accumulate or manage BTC including your earlier suggestions about how to NOT sell their BTC, then those kinds of topics seem relevant, even if people might not agree with you and also might consider that you might be overly engaging in third party risk or contract risk.. which also might be construed as pumping a product rather than actually attempting to bat around the issues.


He prefers his no doubt superior strategy (in his mixed up mind) of selling BTC every time it goes a little higher in order to stack more fiat.

I don't know how talking about my strategies becomes relevant to some issues in which guys, including ur lil selfie somac, are wanting to talk about coinmarket cap and act as if it is some kind of central indicator that should be considered in terms of managing bitcoin or figuring out what to do or whatever other stupid purposes were being attempted in description by you and Biodom.  You seem to be wanting to bring up a new issue, no?


Those of us who continue to the accrue BTC and not sell ever, are disliked for some reason that is unable to be undersood, because there is no understanding crazy. 

I doubt that anyone dislikes you, and you actually have good contributions from time to time, when you do not become so emotional about nonsense.  So, sure, too bad that you feel that you are not understood or whatever, but each of us knows that guys are going to employ a variety of tactics to plan and to strategize in terms of bitcoin and also to acquire BTC or to maintain their BTC that will vary upon their timeline and a variety of other personal circumstances.  Even you likely realize, in spite of your lame attempts at dogmatism, that there are a variety of tactics and not everyone is comfortable with every tactic whether involving third party risk, complications or other factors to be considered in deciding what to do and also perhaps learning about new tactics or experimenting with portions of their stash, too.

Good morning WO! Been buying all these small dips. Feels alright. good man!!!!!!!  

Trying to help with your tone.

Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).

https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/

IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.

TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.

I mainly see business as usual tbh.... dips like always.... I also have a “largely btc position” like 98% of my cryptos.... not gonna change that though...

Yep... Of course, we have a lot of members (maybe just a vocal minority) who all of a sudden consider our current BTC price (dominance situation to be the end of the world), so it can be quite difficult to take those dweebs seriously when they are ongoingly harping on both negativity and also picking a variety of either lame ass indicators - such as CMC - and/or also buying into some of the other baloney negative narratives of the day... the emphasis on energy recently is almost pure baloney and opposite to reality, but it has been getting some resonance, and even moreso if such a supposed genius celebrity like Elon is saying it.  So peeps buy into that.


I have a couple of real world projects that I am trying to juggle currently, so I have not been able to get some greater grasp upon how my shitcoin holdings had changed in comparison to my bitcoin.. On a ballpark level, I do suspect that they might have doubled without my doing anything.. so they may have gone from less than 1% to somewhere close to 2%.. but still a BIG so fucking what to me, and whatever current momentum those various shitcoin projects have or might continue to have and surely there are likely some projects that I do not have any financial exposure at all (except for holding a few ETH) such as Doge or NFTs or Defi.. that may be even outperforming (short-term) some of the other shitcoin projects, including outperforming our current stable coin (aka king daddy.. hahahahahaha)...

Yeaah..many of us end up getting drug into acknowledging shitcoins and having to continue see them brought up in this thread as if they all of a sudden have fundamentals when they do not, and suggesting that bitcoin's fundamentals are somehow weaker, and there are no meaningful signs of that.. and also various ongoing attempts (which troll shills do) to put burdens upon bitcoiners to have to defend bitcoin when they are the lame-ass folks asserting that either bitcoin is dead or "underperforming" blah blah blah.
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