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

[Mervyn_Pumpkinhead]

And more some weak attempts to insult + some weird rant that has nothing to do with the subject in question:

BTC is dependant on USD and would join the meltdown with USD if that would happen.

In another note.. I'll add my rant..
I just discovered that over time, tools like you have actually made me dislike BTC. I really used to like BTC, but after the endless conversations with the uneducated and inexperienced religious zealots, who are both ignorant and arrogant at the same time, I think that BTC would actually just be about wealth redistribution to the worse. People here are reminding me of Bolsheviks more and more. A bunch of half-witted individuals who are after personal gain with wealth/power redistribution while trying to mask it with talks of liberty and freedom.

in a meltdown, yes but that was not what the subject was about

Anyway, i'm done with u

It was the main subject for several pages already.
But you're a dumb f*ck who isn't able to read nor concentrate. You just had your weak little attempts to insult, without having the ability to comprehend on what was exactly the ongoing subject.

Yes.. you have a way of denigrating... Whether this is a debate or NOT... maybe you are attempting to lure me into your various stupid-ass topics one by one. 

O.k.  I will bite a little bit.

Currently almost everything is pegged to the dollar, and the dollar is the most stable value point, at the moment in part because in its various forms it has nearly 20 trillion in various kinds of circulation. 


These value point and reference points can change over time and they likely will change over time.  As bitcoin gains more market capitalization and more liquidation possibilities, there will be less need to peg it to the dollar or to value it as compared with the dollar.  Part of whether there will be a need to continue to peg BTC to the dollar will depend upon adoption levels of BTC - likely at least several years into the future in my thinking before BTC will NOT be pegged to some other currency - whether the dollar or some other currency. 

Five years from now, we may be living in a different world, or if the dollar expectantly crashes, which is possible but not likely in the next several years in my thinking, unless there is a viable replacement, then we may see BTC pegged to some other currency... or if BTC were to achieve a trillion dollar market cap, then it may NOT need to be pegged to anything... possibly...  It is also possible that more than a trillion dollar market cap will be needed before we can have a world with BTC that is NOT pegged to some other asset or currency... maybe $10 trillion in today's valuations would do?

I was telling if USD would suffer a meltdown, then BTC would follow and you tried to insult me with all kinds of ways for saying it and trying to ridicule what I was saying. And now you are saying that this could change in the future?!?
Yes, it could, everything could happen. The messiah could come down to earth and save the world of half-witted little brats like you. But it isn't happening right now isn't it?
Now go back to the first post that you tried so hard to ridicule and you will see me saying this:

If bitcoin would get it's value elsewhere, for instance a major wheat supplier would accept BTC by itself, then there could be a different story. But right now, we don't even have small online stores, that want to accept BTC by itself, without BitPay, meaning without the support of USD.

But you were too dumb to read that, eh? All your concentration went on trying to insult me because I might bring forward some flaws of BTC that you consider as holy.

[1714950598]

1714950598

[1714950598]

1714950598

[1714950598]

1714950598

[1714950598]

1714950598

[1714950598]

1714950598

[aminorex]

2 hours left before this wedge times out and we definitely will have a new 5 min chart pattern, whatever that may be.  clearly there is an uptrend in place with jumps.  the uptrend rate is nigh constant since post-ATH low, while jumps are of decreasing size, and have an increasing probability of being negative in sum over a rolling window as time wears on.  any such finite-time singularity suggests a trend change is immanent.

I'm rolling my buy ladder down and my sell ladder up, widening the steps, in anticipation of a possible burst of volatility.

[JorgeStolfi]

My probabilities are mine! ALL MINE! If you want to have probabilities too, go get your own!


(paraphrasing an old email signature by billco@clark.net, about "opinion" )

[EuroTrash]

China trying to go higher.

I was in the bear camp at £300.

I hang my head in shame. It has survived China censorship and centrally controlled free market capitalism.

Never again will I doubt, The Bitcoin.

That's the spirit!!!!   

This is about to hurt, I'm afraid.

[JorgeStolfi]

[ ... ]

He is the most sophisticated of all trolls; he instills doubt so deep the sheep don’t can't question. [ ... ] 

Uh, yes, the probabilities I posted are based on the assumption that you folks will not manage to drive me away from this thread.  If I were to stop posting here, bitcoin would immediately shoot to the moon and beyond, of course. 

[JayJuanGee]

Yes.. you have a way of denigrating... Whether this is a debate or NOT... maybe you are attempting to lure me into your various stupid-ass topics one by one. 

O.k.  I will bite a little bit.

Currently almost everything is pegged to the dollar, and the dollar is the most stable value point, at the moment in part because in its various forms it has nearly 20 trillion in various kinds of circulation. 


These value point and reference points can change over time and they likely will change over time.  As bitcoin gains more market capitalization and more liquidation possibilities, there will be less need to peg it to the dollar or to value it as compared with the dollar.  Part of whether there will be a need to continue to peg BTC to the dollar will depend upon adoption levels of BTC - likely at least several years into the future in my thinking before BTC will NOT be pegged to some other currency - whether the dollar or some other currency. 

Five years from now, we may be living in a different world, or if the dollar expectantly crashes, which is possible but not likely in the next several years in my thinking, unless there is a viable replacement, then we may see BTC pegged to some other currency... or if BTC were to achieve a trillion dollar market cap, then it may NOT need to be pegged to anything... possibly...  It is also possible that more than a trillion dollar market cap will be needed before we can have a world with BTC that is NOT pegged to some other asset or currency... maybe $10 trillion in today's valuations would do?

I was telling if USD would suffer a meltdown, then BTC would follow and you tried to insult me with all kinds of ways for saying it and trying to ridicule what I was saying. And now you are saying that this could change in the future?!?
Yes, it could, everything could happen. The messiah could come down to earth and save the world of half-witted little brats like you. But it isn't happening right now isn't it?

You are twisted, and I will let my post stand for itself.

Now go back to the first post that you tried so hard to ridicule and you will see me saying this:

If bitcoin would get it's value elsewhere, for instance a major wheat supplier would accept BTC by itself, then there could be a different story. But right now, we don't even have small online stores, that want to accept BTC by itself, without BitPay, meaning without the support of USD.

But you were too dumb to read that, eh? All your concentration went on trying to insult me because I might bring forward some flaws of BTC that you consider as holy.

You are NOT making any insightful statement or facts or possibilities that have NOT already been sufficiently and adequately accounted for in my earlier discussion to whatever extent I chose to engage with your lamed brained ideas that tend to be attempt to talk about exceptions rather than rules..

[JayJuanGee]

2 hours left before this wedge times out and we definitely will have a new 5 min chart pattern, whatever that may be.  clearly there is an uptrend in place with jumps.  the uptrend rate is nigh constant since post-ATH low, while jumps are of decreasing size, and have an increasing probability of being negative in sum over a rolling window as time wears on.  any such finite-time singularity suggests a trend change is immanent.

I'm rolling my buy ladder down and my sell ladder up, widening the steps, in anticipation of a possible burst of volatility.

In other words?  seems that you are anticipating prices to go down in the next "burst"?

[TooDumbForBitcoin]

I've had Jorge on ignore since about his third post (and all who quote him.)

Is he still portraying himself as his countrymen's defender against the evil of bitcoin?

If yes, I wonder why he has no posts on the Portuguese language boards of bitcointalk.

[JayJuanGee]

[ ... ]

He is the most sophisticated of all trolls; he instills doubt so deep the sheep don’t can't question. [ ... ] 

Uh, yes, the probabilities I posted are based on the assumption that you folks will not manage to drive me away from this thread.  If I were to stop posting here, bitcoin would immediately shoot to the moon and beyond, of course. 

You bears must have a bear poole or something going on... b/c one bear would NOT be sufficient to have any effect on the price of bitcoin.  Maybe we need a pic of a bear poole?

[Mervyn_Pumpkinhead]

You are twisted, and I will let my post stand for itself.

Consider yourself lucky, that you will probably never find out, on how twisted I could actually be with disrespectful little brats like you.

You are NOT making any insightful statement or facts or possibilities that have NOT already been sufficiently and adequately accounted for in my earlier discussion to whatever extent I chose to engage with your lamed brained ideas that tend to be attempt to talk about exceptions rather than rules..

I was debating aminorex's argument where he said that BTC would benefit from the devaluation of the dollar.
And there you came, having absolutely no clue on what is exactly going on, and then attempting to throw personal insults at me.

[ChartBuddy]

Explanation

[aminorex]

2 hours left before this wedge times out and we definitely will have a new 5 min chart pattern, whatever that may be.  clearly there is an uptrend in place with jumps.  the uptrend rate is nigh constant since post-ATH low, while jumps are of decreasing size, and have an increasing probability of being negative in sum over a rolling window as time wears on.  any such finite-time singularity suggests a trend change is immanent.

I'm rolling my buy ladder down and my sell ladder up, widening the steps, in anticipation of a possible burst of volatility.

In other words?  seems that you are anticipating prices to go down in the next "burst"?

BTCUSD already outperformed my expectations by exceeding my wednesday target overnight.  I no longer have a view, until something new materializes. When I have no view, I try to scoop pennies by market making, but I only look at the screen every couple of hours during working days, so I am not aggressively making market.  If I think vol is likely to rise, I spread out my bids and asks.

[Adrian-x]

My probabilities are mine! ALL MINE! If you want to have probabilities too, go get your own!


(paraphrasing an old email signature by billco@clark.net, about "opinion" )

good call!

I used to think Professor Bitcoin aka Mark Williams was the ultimate almost “extinct cave bear” the demise of his reputation was my sell at the top trigger.

His position is a lot more moderate, and I’ve read he admitted publicly he is even holding Bitcoin.

I now look to you for guidance, don't go full bull or stop posting just yet.

[JayJuanGee]

You are twisted, and I will let my post stand for itself.

Consider yourself lucky, that you will probably never find out, on how twisted I could actually be with disrespectful little brats like you.

You are NOT making any insightful statement or facts or possibilities that have NOT already been sufficiently and adequately accounted for in my earlier discussion to whatever extent I chose to engage with your lamed brained ideas that tend to be attempt to talk about exceptions rather than rules..

I was debating aminorex's argument where he said that BTC would benefit from the devaluation of the dollar.
And there you came, having absolutely no clue on what is exactly going on, and then attempting to throw personal insults at me.

Each of your points here is filled with faulty logic, incorrect facts or incorrect inferences regarding fact. 

I see no real value into getting drug into such tangential stream of consciousness type scenarios, so accordingly, and as far as I'm concerned, the substance of various referenced historical posts can speak for themselves.

[Adrian-x]

[ ... ]

He is the most sophisticated of all trolls; he instills doubt so deep the sheep don’t can't question. [ ... ] 

Uh, yes, the probabilities I posted are based on the assumption that you folks will not manage to drive me away from this thread.  If I were to stop posting here, bitcoin would immediately shoot to the moon and beyond, of course. 

  I,m betting it will, not that it will be causation, just bad timing.

[sonofliberty]

Choo choo. Motherfucker.

[aminorex]

I see no real value into getting drug ...

depends on the drug

[Mervyn_Pumpkinhead]

You are twisted, and I will let my post stand for itself.

Consider yourself lucky, that you will probably never find out, on how twisted I could actually be with disrespectful little brats like you.

You are NOT making any insightful statement or facts or possibilities that have NOT already been sufficiently and adequately accounted for in my earlier discussion to whatever extent I chose to engage with your lamed brained ideas that tend to be attempt to talk about exceptions rather than rules..

I was debating aminorex's argument where he said that BTC would benefit from the devaluation of the dollar.
And there you came, having absolutely no clue on what is exactly going on, and then attempting to throw personal insults at me.

Each of your points here is filled with faulty logic, incorrect facts or incorrect inferences regarding fact. 

I see no real value into getting drug into such tangential stream of consciousness type scenarios, so accordingly, and as far as I'm concerned, the substance of various referenced historical posts can speak for themselves.

Ok, bring forward the points that I have made, that are filled with faulty logic, incorrect facts or incorrect inferences regarding fact.
If you fail to do that then I'm seriously starting to reconsider on finding a way to show you how twisted I can really be.
Now try really hard, a lot could be at stake here.

[JayJuanGee]

2 hours left before this wedge times out and we definitely will have a new 5 min chart pattern, whatever that may be.  clearly there is an uptrend in place with jumps.  the uptrend rate is nigh constant since post-ATH low, while jumps are of decreasing size, and have an increasing probability of being negative in sum over a rolling window as time wears on.  any such finite-time singularity suggests a trend change is immanent.

I'm rolling my buy ladder down and my sell ladder up, widening the steps, in anticipation of a possible burst of volatility.

In other words?  seems that you are anticipating prices to go down in the next "burst"?

BTCUSD already outperformed my expectations by exceeding my wednesday target overnight.  I no longer have a view, until something new materializes. When I have no view, I try to scoop pennies by market making, but I only look at the screen every couple of hours during working days, so I am not aggressively making market.  If I think vol is likely to rise, I spread out my bids and asks.

Blame me for being a noob... but when you say "vol" are you referring to volatility or volume or both or somthing else?  I am NOT sure which to guess....

[aminorex]

big candle just broke the wedge on both sides.  evidently my vol read was right.  i don't feel adequately hedged with margin shorts right now.  i wish there was a liquid futures/options market.  sure seems like a big money maker for someone.  i'd do it if i had time.