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

[ChartBuddy]

Explanation

[BitcoinBunny]

OT: Another CNBC bitcoin article from the snarky lips of Jim Cramer himself.

You know, for a guy that flip-flops back and forth from hating Bitcoin, to thinking it's amazing, and then back to hating on it again, he sure does spend a lot of time air time commenting on it.  

Charts suggest bitcoin could rally over the next few months but likely won’t reach old highs, Jim Cramer says
https://www.cnbc.com/2022/06/22/charts-suggest-bitcoin-could-rally-over-the-next-few-months-but-likely-wont-reach-old-highs-jim-cramer-says.html

"According to DeMark, when you get a decline this ugly … it often does structural damage to the asset in question,” he said. "If you’re thinking long-term, DeMark says that it could take many years for bitcoin to come near its old highs, maybe even decades. It’s possible we’ll never see them again," he added."

You hear that Average Joe? The message is clear: if you are underwater, you might wanna sell at the next relief rally! Bitcoin will never see it's last ATH ever again!  /s

Except it's not only Bitcoin that has had a decline this ugly.

Facebook / Meta, Netflix, Peleton.

Some of which have seen bigger declines. Is he saying all these companies are dead in the water and will never rally again also? Why only Bitcoin?
It is much easier for me to acquire and hodl Bitcoin than a share in these companies.

If you had listened to these types of false prophets and say sold Amazon at the bottom after the dot com crash you would have shot yourself or the Jim Cramer type of false predictor in the face less than 20 years later.

"Agh, it's just an online bookstore, agh it's just a silly online asset like gold and superb robust cryptography behind it but with no intrinsic value. They had their fun, it's clearly over."

Sure....

[empowering]

Some calculations based on the prolific posting habits of JayJuanGee

Based on the profile of JJG he has made 25 491 posts to date at the time of this post.
With an estimated average word count of 400 words per post:
25 491 * 400 =  10 196 400 total words posted

Assuming an average typing speed of 40 words per minute:
10 196 400 / 40 =  254 910 minutes spend typing posts (Excludes time spent formatting posts and reading replies)
or 254 910 / 60 =  4 248.50 hours
or 4 248.50 / 24 = 177.02 days

JJG started posting on bitcointalk on 18 February 2014, or 3 047 days ago.
254 910 minutes / 3047 days = 83.66 minutes per day on average spent typing posts

A typical book has 300 words per page: The Bitcointalk book of JJG would be a monster at 10 196 400/400 = 25 491 pages long or 2.55 meters thick from front cover to back.

This is the definition of POW.

....and its 95% waffle.


I have often had the thought that he would make his point(s) far more effectively , by making his posts more succinct.

"if you can't explain it simply you don't understand it well enough"



 

[sirazimuth]

Hey, a fresh page without a Death Wish lecture.

Hey easy does it...you wouldn't want to hurt his precious widdle feewings...

[death_wish]

Hey, a fresh page without a Death Wish lecture.

Observing walls of Death Wish posts primarily about Bitcoin, followed by relief rallies of posting about trends in Death Wish posts.  Torque and fillippone are thrilled by your TA.  The CEO of Bitcoin has accordingly retitled the thread; @infofront, try to keep up, will ya?

Don’t worry.  My most recent posting spree is only a dead cat bounce, caused by JayJuanGee’s speculation and sentiment analysis of Death Wish.  The long-term trend in Death Wish posts is deflationary, due to the hardcapped supply of my time and energy.  There is only one of me; and unlike Bitcoin, I am unforkable.  (Tried it; didn’t work.)

I apologize for my habit of sometimes making long, off-topic posts about Bitcoin in the Death Wish Observer thread.

Some calculations based on the prolific posting habits of JayJuanGee

Based on the profile of JJG he has made 25 491 posts to date at the time of this post.
With an estimated average word count of 400 words per post:
25 491 * 400 =  10 196 400 total words posted

Assuming an average typing speed of 40 words per minute:
10 196 400 / 40 =  254 910 minutes spend typing posts (Excludes time spent formatting posts and reading replies)
or 254 910 / 60 =  4 248.50 hours
or 4 248.50 / 24 = 177.02 days

JJG started posting on bitcointalk on 18 February 2014, or 3 047 days ago.
254 910 minutes / 3047 days = 83.66 minutes per day on average spent typing posts

A typical book has 300 words per page: The Bitcointalk book of JJG would be a monster at 10 196 400/400 = 25 491 pages long or 2.55 meters thick from front cover to back.

This is the definition of POW.

Nice try but not highly impressed 😁 Reason 400 Words and your assumption is Doubtful.

Impressed a little

Edited: By the way He is True Legend over here his contribution is appreciated

I am hoping someone can parse the data and calculate an average word count per post. It might be even more than 400, although he might have become more wordy as the price of bitcoin increased over the years. A chart of JJG average monthly word count compared to the deviation from the 200wma might be insightful.  

Ah, TA of JJG.  Accordingly, JJG is the quote currency in the new topic title.  As per the orders of the CEO of Bitcoin.

40 words per minute is a slow typing speed.  A proficient typist can do >100 WPM—unless suffering catastrophic bodily health problems to a degree that would inhibit, or even prohibit normal typing, like Hal.  There is no evidence that JJG is slowed down or obstructed by such issues; and in the absence thereof, time spent typing is a relatively minor marginal cost.

You omit any estimate of the largest time cost in making long, high-quality posts:  Editing.  In my own experience, editing takes at least an order of magnitude longer than writing; and usually, the higher quality the result, the longer the time spent editing.

All professional-grade writing software has wordcount as a basic feature.  Too bad this forum lacks that feature.

My own posting habits here are predicted to be like altcoins:  Wildly volatile, with blow-off tops exceeding JJG.  But JJG is likely to stay close to his 200 WMA, while my output here may sometimes go to zero.

[ChartBuddy]

Explanation

[nanobtc]

Easy enough to paste it in a .txt file.

Code:

wc -w death_wish.txt

[vapourminer]

Easy enough to paste it in a .txt file.

Code:

wc -w death_wish.txt

need to take into account quotes and subtract that. i think someone tried to do that at some point.

[proudhon]

OT: Another CNBC bitcoin article from the snarky lips of Jim Cramer himself.

You know, for a guy that flip-flops back and forth from hating Bitcoin, to thinking it's amazing, and then back to hating on it again, he sure does spend a lot of time air time commenting on it.  

Charts suggest bitcoin could rally over the next few months but likely won’t reach old highs, Jim Cramer says
https://www.cnbc.com/2022/06/22/charts-suggest-bitcoin-could-rally-over-the-next-few-months-but-likely-wont-reach-old-highs-jim-cramer-says.html

"According to DeMark, when you get a decline this ugly … it often does structural damage to the asset in question,” he said. "If you’re thinking long-term, DeMark says that it could take many years for bitcoin to come near its old highs, maybe even decades. It’s possible we’ll never see them again," he added."

You hear that Average Joe? The message is clear: if you are underwater, you might wanna sell at the next relief rally! Bitcoin will never see it's last ATH ever again!  /s

Yeah, but DeMark is right. Bitcoin will never see its last ATH ever again. I don't understand how that isn't obvious to everyone at this point. I mean, ok, sure, maybe in 2072 bitcoin will be worth "$69k", which will be about what a pack of skittles costs on mars. We have to face the reality of the science and math now. The crypto experiment has failed. USD is a safer "investment" than bitcoin at this point.

[empowering]

https://youtu.be/puCOqcLpXKk

[death_wish]

I have often had the thought that he [JayJuanGee] would make his point(s) far more effectively , by making his posts more succinct.

"if you can't explain it simply you don't understand it well enough"

The men who invented libraries, and who have spent millennia filling them with books?  Morons.

The authors of scholarly journals never understand anything well enough:  That is why they write so very much, as they seek to improve their understanding of the universe.  They yearn as Faust, but the devil offers them no easy answers.

The true measure of knowledge is to know enough to know how little one knows.  I myself find my grossest ignorance in my greatest expertise.

The wise man knows that his ignorance is infinite, and the sum of all human knowledge is negligible:  He stands on a mountaintop, gazing at stars and galaxies.  An insect is unaware of the existence of mountains.

Jack Dorsey had the answer:  Break all thought and discourse down into bite-sized pieces, which can be consumed without any need for non-negligible attention span—without need for thought.  Reading becomes like munching on potato chips.  It surely improves the quality of discussion:  Observe “Crypto Twitter”.

Nietzsche wrote aphoristically, when bodily health problems inhibited him from writing long-form essays.  He wrote nothing simply:  His most succinct statements compressed libraries hidden therewithin.  Decompression is difficult—cryptanalysis:  Not simple, and not for simpletons.  He would have despised Twitter.

Filed under “Casting Pearls”.

[Ramiza]

Scam Alert 🚨🚨

We have received reports that cold callers pretending to be BTC Markets are offering financial advice. We do not cold call anyone and we do not offer financial advice.

If you receive such a call, please report it to Scam Watch and block their number.

https://www.scamwatch.gov.au/report-a-scam

[machasm]

Some calculations based on the prolific posting habits of JayJuanGee

Based on the profile of JJG he has made 25 491 posts to date at the time of this post.
With an estimated average word count of 400 words per post:
25 491 * 400 =  10 196 400 total words posted

Assuming an average typing speed of 40 words per minute:
10 196 400 / 40 =  254 910 minutes spend typing posts (Excludes time spent formatting posts and reading replies)
or 254 910 / 60 =  4 248.50 hours
or 4 248.50 / 24 = 177.02 days

JJG started posting on bitcointalk on 18 February 2014, or 3 047 days ago.
254 910 minutes / 3047 days = 83.66 minutes per day on average spent typing posts

A typical book has 300 words per page: The Bitcointalk book of JJG would be a monster at 10 196 400/400 = 25 491 pages long or 2.55 meters thick from front cover to back.

This is the definition of POW.

Does that include Thursdays?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[OutOfMemory]

Some calculations based on the prolific posting habits of JayJuanGee

Based on the profile of JJG he has made 25 491 posts to date at the time of this post.
With an estimated average word count of 400 words per post:
25 491 * 400 =  10 196 400 total words posted

Assuming an average typing speed of 40 words per minute:
10 196 400 / 40 =  254 910 minutes spend typing posts (Excludes time spent formatting posts and reading replies)
or 254 910 / 60 =  4 248.50 hours
or 4 248.50 / 24 = 177.02 days

JJG started posting on bitcointalk on 18 February 2014, or 3 047 days ago.
254 910 minutes / 3047 days = 83.66 minutes per day on average spent typing posts

A typical book has 300 words per page: The Bitcointalk book of JJG would be a monster at 10 196 400/400 = 25 491 pages long or 2.55 meters thick from front cover to back.

This is the definition of POW.

So by 2030 we will bet on "when JJG word count parity?" price predictions?
Very nice!  

"if you can't explain it simply you don't understand it well enough"
 

The misunderstanding here is that "simple" sometimes is "as simple as possible", which can be relatively complicated.
I'd rather say: "Simple minds need simple explanations".

[Gachapin]

Some calculations based on the prolific posting habits of JayJuanGee

Based on the profile of JJG he has made 25 491 posts to date at the time of this post.
With an estimated average word count of 400 words per post:
25 491 * 400 =  10 196 400 total words posted

Assuming an average typing speed of 40 words per minute:
10 196 400 / 40 =  254 910 minutes spend typing posts (Excludes time spent formatting posts and reading replies)
or 254 910 / 60 =  4 248.50 hours
or 4 248.50 / 24 = 177.02 days

JJG started posting on bitcointalk on 18 February 2014, or 3 047 days ago.
254 910 minutes / 3047 days = 83.66 minutes per day on average spent typing posts

A typical book has 300 words per page: The Bitcointalk book of JJG would be a monster at 10 196 400/400 = 25 491 pages long or 2.55 meters thick from front cover to back.

This is the definition of POW.

So by 2030 we will bet on "when JJG word count parity?" price predictions?
Very nice! 

even Bitcoin cannot go that high in price...  #JJGPOW

[OutOfMemory]

So by 2030 we will bet on "when JJG word count parity?" price predictions?
Very nice! 

even Bitcoin cannot go that high in price...  #JJGPOW

I like your sense of humor. #nohomo
It's good to see that some peeps are entering WO having fun times, especially when the bears are back in town...

[Daltonik]

IntoTheBlock shared new statistics on the sale of 18,251 bitcoins by miners over the past 10 days, while noting that Ithe difficulty of mining has fallen by 2.35%  during this time, it must be admitted that miners still have a lot of bitcoins on their balance.

[eXPHorizon]