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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

No doubt in that case and it's actually best.Next $50k stop is on the way and ChartBuddy is going to show us all that path soon.

[philipma1957]

It's fake, but still has a lot of truth.   Remember DAO and the hack in 2016! Back then it caused a crash in the market. Not this time! The bull is strong! Regarding the decentralized part in eth, defi or any other crypto project: devs rolled back the blockchain of eth without the full miners consent, which gave birth to etc; year after year they made HF after HF without asking the users or the miners. The last one burns the extra fees which used to go to the miners. And soon they will switch to POS which will benefit mostly the devs holding 70%+ of premined eth. The same more or less is valid for any defi "project". It should be called Cefi, not Defi! The only good thing about eth existence is that it allows mining bitcoins with gpus. These are more user friendly and attracted millions which otherwise wouldn't invest directly in Bitcoin. The conviction to became a Bitcoin hodler grew up simultaneously as I was making a good profit by mining. And for many of the miners eth is just an intermediary to bitcoin, nothing more. I don't care about its future and I won't hold or stake anything! And I don't care about missed future profits by selling everything that I mined so far. At the moment it switches to POS, it is a dead project to me. I'm 100% sure that if a project loses completely it's decentralization part, it will die in a matter of months or several years tops.

Yeah that pretty much exactly what I think of Eth.

Mr V would need to personally send me two coins . (Long complex story)

 Then resign and appoint  a multi person development team.  Along with changing the algorithm  to progpow. Promising to run Pow until 2030.

At that point it would be a shit coin rather than the money trap it is.

@ biodom pos is simply a junk bond concept wrapped in a corporation that is nonexistent.

But I am mining ⛏ Eth and cashing it to btc daily.

After the London HF you'll have to find another chain because as soon as (!!!) they switch to POS you'll be out of business.
I know you're prepared.

All the cards are paid off.  So if I sell them at 50% of msrp it is all profit, but that is 2022 or 2023 I will worry then.

The key to mining is DCA the gear do not over pay and over expand.

 Cheap power is a given.
 Safe location.

[Arriemoller]

Hate to break the news to uie poo-ie, Hueristic, but I will.  

Someone's gots a do it.

Your English sucks about as badly as sirazimuth's singing.

No homo.

Hence why I specifically cited the fact I consider this (my first {natural}) a "second language". ;P
And it gets worse every year!

Really? you don't have JJGay on ignore?

If you don't love JJG you don't love Bitcoin. You heard it here first.  

Are you saying I have to sell my bitcoin?

[Arriemoller]

The great philosopher Mr. Nietzsche said:

Real men desire two different things: danger and games.

If there are only 21 million women in this world,
Then the right side of this dialog box may be Bitcoin.

I can hardly imagine that when a normal man loses interest in a woman, I can say with certainty that there is nothing for this man to be unsuccessful. If not, it is that this woman is too ignorant to invest in herself (beauty, stay young) or find a way to grab the man's stomach.

Women grab my stomach all the time, and ask me if it isn't time to lose some weight.

[Arriemoller]

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

Theories??? It's math and science pal. That ain't no theory.

Since when did math and data science not include statistical theories?
One theory is the amount of short positions are still over leveraged last I checked (with $2 billion open positions). The bears are refusing to exit their losing positions, instead are holding onto their shorts Bitcoin as it rises and finds support above the 200 Day MA
What happens theoretically when these positions get liquidated is they have to buy back into Bitcoin. This is how the $50-60K "blink of an eye" can occur. All theory obviously, but 35% shorts vs longs in a bull market is still over leveraged imo.
Remember when price crashed 30% in a day? The market was over leveraged long, the bulls got liquidated. Some theorized this would happen, I ignored it. I won't ignore this scenario in the opposite direction. That would be naive.
Ideally everyone exists their losing positions before liquidation, or at least at different prices. But they don't, and they never learn.

Yes, but the Llama gets everything confirmed in the WO thread, that overrides everything.

[ChartBuddy]

Explanation

[somac.]

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

Theories??? It's math and science pal. That ain't no theory.

Since when did math and data science not include statistical theories?
One theory is the amount of short positions are still over leveraged last I checked (with $2 billion open positions). The bears are refusing to exit their losing positions, instead are holding onto their shorts Bitcoin as it rises and finds support above the 200 Day MA
What happens theoretically when these positions get liquidated is they have to buy back into Bitcoin. This is how the $50-60K "blink of an eye" can occur. All theory obviously, but 35% shorts vs longs in a bull market is still over leveraged imo.
Remember when price crashed 30% in a day? The market was over leveraged long, the bulls got liquidated. Some theorized this would happen, I ignored it. I won't ignore this scenario in the opposite direction. That would be naive.
Ideally everyone exists their losing positions before liquidation, or at least at different prices. But they don't, and they never learn.

It was just a joke, its what proudhon always says.

[Arriemoller]

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

Theories??? It's math and science pal. That ain't no theory.

Since when did math and data science not include statistical theories?
One theory is the amount of short positions are still over leveraged last I checked (with $2 billion open positions). The bears are refusing to exit their losing positions, instead are holding onto their shorts Bitcoin as it rises and finds support above the 200 Day MA
What happens theoretically when these positions get liquidated is they have to buy back into Bitcoin. This is how the $50-60K "blink of an eye" can occur. All theory obviously, but 35% shorts vs longs in a bull market is still over leveraged imo.
Remember when price crashed 30% in a day? The market was over leveraged long, the bulls got liquidated. Some theorized this would happen, I ignored it. I won't ignore this scenario in the opposite direction. That would be naive.
Ideally everyone exists their losing positions before liquidation, or at least at different prices. But they don't, and they never learn.

Yes, but the Llama gets everything confirmed in the WO thread, that overrides everything.

Just to clarify, this is also a joke.

[Dabs]

As for me, I prefer my books in PDF format, or anything that I can easily convert into PDF, as I can then save that forever and read it offline, and nothing will change that too. I understand some tech or movement is out there to just use plain .txt files or something.

PDF has some issues because it is a display/layout format and doesn't work well with some devices. It's not terrible though. epub and mobi are basically marked-up text which is designed for reflow and is fine as an archive format. PDF is preferable for some works which rely on layout so there are some competing aims there. FWIW, the PDF format was originally not open but it turned out their protection was incredibly weak. Plain text has a whole range of issues as a book format and is only really any good for the simplest of works.

Yeah, I understand this, it was like ... a bunch of things Adobe did that protection was weak, like all their previous generation software, particularly Photoshop (which is why everyone seems to have it, or it's always at the top of the list on the pirate bay.)

As for the PDF files themselves, I don't mind the free reader app, and Calibre works too, and I've gotten a whole bunch of them over the years, saved, offline. Books, some are obviously scanned and saved as a PDF instead of 300 jpegs. Others are actually decent texts that were created using Word or some other document word processor and saved/printed to PDF. I figure if I need a hard copy I can always print it, which is why I'm not too fond of epub and mobi. I've ended up converting them to PDF anyway.

[El duderino_]

[ChartBuddy]

Explanation

[bitcoinPsycho]

So called(self proclaimed)greatest democracy in the world 🌎 lol

[ChartBuddy]

Explanation

[Torque]

As for me, I prefer my books in PDF format, or anything that I can easily convert into PDF, as I can then save that forever and read it offline, and nothing will change that too. I understand some tech or movement is out there to just use plain .txt files or something.

PDF has some issues because it is a display/layout format and doesn't work well with some devices. It's not terrible though. epub and mobi are basically marked-up text which is designed for reflow and is fine as an archive format. PDF is preferable for some works which rely on layout so there are some competing aims there. FWIW, the PDF format was originally not open but it turned out their protection was incredibly weak. Plain text has a whole range of issues as a book format and is only really any good for the simplest of works.

Yeah, I understand this, it was like ... a bunch of things Adobe did that protection was weak, like all their previous generation software, particularly Photoshop (which is why everyone seems to have it, or it's always at the top of the list on the pirate bay.)

I still don't understand why most retail users are still using Adobe Photoshop. As a graphics designer I used it for the better part of a decade, but now GIMP does pretty much everything PS can do and more. And it's free. I switched over to GIMP years ago and never looked back.

And for pen drawing/painting, Krita is the bomb.

[gembitz]

As for me, I prefer my books in PDF format, or anything that I can easily convert into PDF, as I can then save that forever and read it offline, and nothing will change that too. I understand some tech or movement is out there to just use plain .txt files or something.

PDF has some issues because it is a display/layout format and doesn't work well with some devices. It's not terrible though. epub and mobi are basically marked-up text which is designed for reflow and is fine as an archive format. PDF is preferable for some works which rely on layout so there are some competing aims there. FWIW, the PDF format was originally not open but it turned out their protection was incredibly weak. Plain text has a whole range of issues as a book format and is only really any good for the simplest of works.

Yeah, I understand this, it was like ... a bunch of things Adobe did that protection was weak, like all their previous generation software, particularly Photoshop (which is why everyone seems to have it, or it's always at the top of the list on the pirate bay.)

I still don't understand why most retail users are still using Adobe Photoshop. As a graphics designer I used it for the better part of a decade, but now GIMP does pretty much everything PS can do and more. And it's free. I switched over to GIMP years ago and never looked back.

And for pen drawing/painting, Krita is the bomb.

you still babbling on about nfts? weeeee 50k punt streeet pikerzzz

[El duderino_]

In this thread I suggested that bitcoin is a powerful Schelling point, communicating quality & reliability, versus alts who host a lot more scammy projects, by comparing it to top level domain names:

1/ First try at drawing parallels between top level domainnames (TLDs) & cryptocurrencies. '17 Domaintools Report:  https://www.domaintools.com/content/The-DomainTools-Report-2017.pdf

2/ Market learns quickly, so scammers rotate into new TLDs quickly. Here are the TLDs ranked by # of blacklisted domainnames:



3/ Same in cryptocurrency space, where scams evolved from BTC ponzis, to "national coins", to "better mining" coins, to MLM coins, to ...

4/ Namespace is quite similar: 1,528 TLDs vs 1,119 cryptocurrencies in existence. en.wikipedia.org/wiki/List_of_c… coinmarketcap.com/all/views/all/



5/ The trust in .com names is justified: on a relative basis, 99.5% of .coms are likely bona fide — better than .org, .net, .info.



6/ IMO Bitcoin has relatively less scams associated with it than the rest of the top 10 cryptos. Lower gullibility, higher cost of business.

7/ Scams have a tendency to concentrate in certain namespaces. While fraud in quality TLDs is >1%, some others have 10%, 20%, +50%+ scams.



8/ Suspect same pattern in crypto—some brands r scam friendlier: premine (EZ revenue), PoS (perpetual income), ERC20 (fast deployment), ...

9/ DNS privacy providers: with the exception of 1 (the largest!), most providers are associated with only about 1% of scammy domains.



10/ Struggling to infer parallel phenomena in crypto. Perhaps big fraud facilitator is BTC-E, with other exchanges having lower fraud rate?

11/ Countries with highest concentrations of illicit domains. Perhaps extra due dil is warranted when evaluating ICOs with similar origins.



12/ The end. Curious about your thoughts, and again thanks to @DomainKing for bringing this industry to my attention!


Credit: Tuur Demeester

[El duderino_]

https://twitter.com/naiiveclub/status/1425380469244268549?s=21

[ChartBuddy]

Explanation