Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 11409.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: El duderino_ on March 08, 2019, 12:28:14 AM

Quote from: JayJuanGee on March 08, 2019, 12:24:13 AM

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

I could perfectly live with all 3 of those.... but never underestimate the suddenly big movements of BTC, i love those..... the ones when nobody expect them and everybody needs to adjust there TA’s Cheesy

But for normal moves those 3 are good and in line with HM’s 6K december price range

I am not trying to describe a preferred course, because I would prefer that the price just goes shooting up.

Instead, I am just thinking about what kind of scenarios (of course I may change my mind) would cause me to start to assert that we are no longer in a bear market.. and we have converted from bear to bull market. Because ever since we dropped below $6k without bouncing up in a reasonably quick time, I converted my labelling of the market from bull to bear. These are merely variations of conditions that I could think of that would cause me to convert back.

I suppose there could be another kind of 4th circumstances that if the price breaks below $3,320, then what would it take for me to consider the conversion from bear to bull?, but since we have not yet broken below $3,320 to satisfy another possible scenario, I consider that kind of 4th condition to be too far removed from current speculation and NOT worthy of consideration until such 4th condition were to actually happen, if it does.

kenzawak

hero member

Activity: 658

Merit: 851

I don't think it's been mentioned before but Coinbase is gonna add staking to its services :

https://bitcoinerx.com/exchanges/coinbase-aiming-to-beef-up-services-with-staking-after-new-hire/

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: JayJuanGee on March 08, 2019, 12:24:13 AM

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

I could perfectly live with all 3 of those.... but never underestimate the suddenly big movements of BTC, i love those..... the ones when nobody expect them and everybody needs to adjust there TA’s Cheesy

But for normal moves those 3 are good and in line with HM’s 6K december price range

fillippone

legendary

Activity: 2380

Merit: 17063

Fully fledged Merit Cycler - Golden Feather 22-23

Quote from: Paashaas on March 07, 2019, 11:52:07 PM

Quote from: Biodom on March 07, 2019, 07:11:35 PM

Quote from: BTCMILLIONAIRE on March 07, 2019, 07:03:38 PM

Quote from: ivomm on March 07, 2019, 07:16:38 AM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

There's no way they can sustain 6.2% annual Bitcoin interest unless they pay it in fiat or virtually nobody deposits/stays deposited.

Sounds sketchy but some might take the risk (not me).

Will they offer the same rate when Bitcoin is well above $100k?

Lending out just 2 coins will net you $10k every singel month...this sounds too good to be true.

BTCjam 2.0.

It is too gods to be true, because it is not true.
With bitcoin at 100k USD , lending 2 coins would give you 12,400 USD annually, with monthly payments.
6.2% annual interest means you get 6.2% of your capital...annually.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

I'm currently thinking three scenarios that would get us out of my own personal consideration of this current bear market and into a conceptual bull market.

1) BTC price rises above $6k and stays there for at least two months

2) BTC price rises above $4.5k and stays there for at least six months

3) BTC price does not break below $3,320 for at least one year

Anyone going to label my tentative "getting out of a bear market and into a bull market" conditions ridiculous?

BTCMILLIONAIRE

hero member

Activity: 1358

Merit: 834

Quote from: Paashaas on March 07, 2019, 11:52:07 PM

Quote from: Biodom on March 07, 2019, 07:11:35 PM

Quote from: BTCMILLIONAIRE on March 07, 2019, 07:03:38 PM

Quote from: ivomm on March 07, 2019, 07:16:38 AM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

There's no way they can sustain 6.2% annual Bitcoin interest unless they pay it in fiat or virtually nobody deposits/stays deposited.

Sounds sketchy but some might take the risk (not me).

Will they offer the same rate when Bitcoin is well above $100k?

Lending out just 2 coins will net you $10k every singel month...this sounds too good to be true.

BTCjam 2.0.

It does not if you base it on those fiat numbers. There are, sometimes, dividends that pay in that range. The problem with BTC interest is the limited supply. It's just simply unsustainable for any substantial volume or period of time. So either they'll get "hacked" or lower the rates substantially depending on liquidity.

Paashaas

legendary

Activity: 3620

Merit: 4813

Quote from: Biodom on March 07, 2019, 07:11:35 PM

Quote from: BTCMILLIONAIRE on March 07, 2019, 07:03:38 PM

Quote from: ivomm on March 07, 2019, 07:16:38 AM

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

There's no way they can sustain 6.2% annual Bitcoin interest unless they pay it in fiat or virtually nobody deposits/stays deposited.

Sounds sketchy but some might take the risk (not me).

Will they offer the same rate when Bitcoin is well above $100k?

Lending out just 2 coins will net you $10k every singel month...this sounds too good to be true.

BTCjam 2.0.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: bones261 on March 07, 2019, 10:34:31 PM

Quote from: xhomerx10 on March 07, 2019, 10:21:57 PM

Quote from: bones261 on March 07, 2019, 09:45:32 PM

xhomerx10, may I please have a new hat? I want one with a cool 3d effect. Pretty please. Any bone theme will be sufficient. It doesn't have to be the mutant angler fish.

You had me at "may"

Give me a few days though because I'm away from my desktop.

I can't wait.

https://www.youtube.com/watch?v=wlwnbcxBuzI

I understand, each time it all excitement while waiting what XhomerX Will create Grin

Lambie Slayer

hero member

Activity: 994

Merit: 707

https://www.youtube.com/watch?v=9RHV9K-ditk

This little Bull calf gets stronger each day. Cheesy

Lambie Slayer

hero member

Activity: 994

Merit: 707

Quote from: JayJuanGee on March 07, 2019, 11:20:24 PM

Quote from: Lambie Slayer on March 07, 2019, 11:11:19 PM

Quote from: JayJuanGee on March 07, 2019, 09:56:12 PM

[ edited out]

When 100k comes Im guessing Rebal15 will be holding .05 BTC and thinking he did well over the years. Grin

The new Bull Market will only truly reward true believers. Debbie downers and doubters will have the scraps if they are lucky. A fool and his coin are soon parted.

Fair enough. Some of those troll/shill/bitcoin naysayers will either come around to bitcoin earlier or they are stacking satoshis on the side, but you are correct that a more sound strategy would be to stack satoshis and discontinue with the bitcoin bashing... so buy the time $100k comes (assuming it does), they will at least be in the more than 1 BTC club, and better yet if they could stack enough to either get into the double digit BTC club or the 21 club.

Agreed. Sadly I doubt Rebal15 will last long in this game. I think his first post was something about if it goes down anymore he will sell everything Roll Eyes

He has been called a Roach alt, but Im gonna give Roach a lot more credit than that.

Rebal15 if im wrong and you gain some conviction and act diligently to stack more coin, then kudos to you. Its still very early and 100k is inevitable.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Lambie Slayer on March 07, 2019, 11:11:19 PM

Quote from: JayJuanGee on March 07, 2019, 09:56:12 PM

[ edited out]

When 100k comes Im guessing Rebal15 will be holding .05 BTC and thinking he did well over the years. Grin

The new Bull Market will only truly reward true believers. Debbie downers and doubters will have the scraps if they are lucky. A fool and his coin are soon parted.

Fair enough. Some of those troll/shill/bitcoin naysayers will either come around to bitcoin earlier or they are stacking satoshis on the side, but you are correct that a more sound strategy would be to stack satoshis and discontinue with the bitcoin bashing... so buy the time $100k comes (assuming it does), they will at least be in the more than 1 BTC club, and better yet if they could stack enough to either get into the double digit BTC club or the 21 club.

Lambie Slayer

hero member

Activity: 994

Merit: 707

Quote from: JayJuanGee on March 07, 2019, 09:56:12 PM

Quote from: rebal15 on March 07, 2019, 09:46:24 PM

Quote from: Lambie Slayer on March 07, 2019, 03:29:27 PM

Quote from: serveria.com on March 07, 2019, 02:48:10 AM

Quote from: Lambie Slayer on March 07, 2019, 12:35:30 AM

Quote from: JayJuanGee on March 05, 2019, 01:56:08 PM

Quote from: Lambie Slayer on March 05, 2019, 11:38:23 AM

Quote from: JayJuanGee on March 04, 2019, 07:22:30 PM

[edited out]

Perhaps our Roach and his future lover Gembitz were slain as the bear market morphed into a new Baby Bull Market. Wink

I am not going to go so far as to say that there is no such thing as a "baby bull market" but surely we are not in such a market yet.

The evidence seems pretty strong that we are currently in a bear market... however, subsequently, if the current bottom of $3,122 is not breached, and better yet $3,700 is NOT breached then there could be some later BTC price behavior that causes us to subsequently describe this period as the beginning of a bull market (aka baby bull)... but we are very far from such a defined state, and it remains about a 52% to 48% proposition that the bottom is NOT in.

The market has been bullish for 82 days since the low of 3122. For Bears to claim continuation of a bear market they will have to break this low. The burden of proof is on them. Its a Baby Bull Market until then. Bears never broke the Jan 15 low in 2015 and the rest of 2015 was a bull market. We are in the same pattern until proven otherwise.

Its a Bull Market ya know.

Seems to me Lambie Slayer is a nice person. Would like to meet him @ the 100k party next year. Cool

Very much looking forward to meeting you sir. 100k will be a beautiful day Grin

Even "roach wannabes" can have some humor in them. Cheesy

Go figure. Wink

When 100k comes Im guessing Rebal15 will be holding .05 BTC and thinking he did well over the years. Grin

The new Bull Market will only truly reward true believers. Debbie downers and doubters will have the scraps if they are lucky. A fool and his coin are soon parted.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: xhomerx10 on March 07, 2019, 10:21:57 PM

Quote from: bones261 on March 07, 2019, 09:45:32 PM

xhomerx10, may I please have a new hat? I want one with a cool 3d effect. Pretty please. Any bone theme will be sufficient. It doesn't have to be the mutant angler fish.

You had me at "may"

Give me a few days though because I'm away from my desktop.

I can't wait.

https://www.youtube.com/watch?v=wlwnbcxBuzI

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: El duderino_ on March 07, 2019, 09:48:26 PM

Quote from: bones261 on March 07, 2019, 09:45:32 PM

xhomerx10, may I please have a new hat? I want one with a cool 3d effect. Pretty please. Any bone theme will be sufficient. It doesn't have to be the mutant angler fish.

Cool and XhomerX when are you gonna 3D upgrade yourself with those romania colours or with Some cool HULK/thor avatar
HAT?
Cause we are running into Avengers endgame and i now your a FAN Cheesy

To be honest, it never crossed my mind to upgrade my own! Not a bad idea though

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: bones261 on March 07, 2019, 09:45:32 PM

xhomerx10, may I please have a new hat? I want one with a cool 3d effect. Pretty please. Any bone theme will be sufficient. It doesn't have to be the mutant angler fish.

You had me at "may"

Give me a few days though because I'm away from my desktop.

realr0ach

sr. member

Activity: 924

Merit: 311

#TheGoyimKnow

Quote from: Last of the V8s on March 07, 2019, 05:34:16 PM

Quote from: cAPSLOCK on March 07, 2019, 05:18:26 PM

Quote from: Last of the V8s on March 07, 2019, 03:16:34 PM

ok thx^

https://cryptodaily.co.uk/2019/03/french-government-set-to-ban-private-cryptos-like-monero-dash

Does this crush them, or legitimize them?

Sorry it's a terrible headline and nobody's banning anything yet. But would certainly validate rather than crush.

The only thing it validates is my claim that govt has zero plans to allow people to use anything other than a non-fungible, govt tracking and enslavement system that gets rid of cash and abolishes the 5th amendment. Bitcoin accomplishes those goals but the others apparently don't. Hence why there's absolutely no reason to support digital shitcoins over physical metals. Shitcoins are extremely conducive to creating complete dystopias, but metals are not.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: rebal15 on March 07, 2019, 09:46:24 PM

Quote from: Lambie Slayer on March 07, 2019, 03:29:27 PM

Quote from: serveria.com on March 07, 2019, 02:48:10 AM

Quote from: Lambie Slayer on March 07, 2019, 12:35:30 AM

Quote from: JayJuanGee on March 05, 2019, 01:56:08 PM

Quote from: Lambie Slayer on March 05, 2019, 11:38:23 AM

Quote from: JayJuanGee on March 04, 2019, 07:22:30 PM

[edited out]

Perhaps our Roach and his future lover Gembitz were slain as the bear market morphed into a new Baby Bull Market. Wink

I am not going to go so far as to say that there is no such thing as a "baby bull market" but surely we are not in such a market yet.

The evidence seems pretty strong that we are currently in a bear market... however, subsequently, if the current bottom of $3,122 is not breached, and better yet $3,700 is NOT breached then there could be some later BTC price behavior that causes us to subsequently describe this period as the beginning of a bull market (aka baby bull)... but we are very far from such a defined state, and it remains about a 52% to 48% proposition that the bottom is NOT in.

The market has been bullish for 82 days since the low of 3122. For Bears to claim continuation of a bear market they will have to break this low. The burden of proof is on them. Its a Baby Bull Market until then. Bears never broke the Jan 15 low in 2015 and the rest of 2015 was a bull market. We are in the same pattern until proven otherwise.

Its a Bull Market ya know.

Seems to me Lambie Slayer is a nice person. Would like to meet him @ the 100k party next year. Cool

Very much looking forward to meeting you sir. 100k will be a beautiful day Grin

Even "roach wannabes" can have some humor in them. Cheesy

Go figure. Wink

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: bones261 on March 07, 2019, 09:45:32 PM

xhomerx10, may I please have a new hat? I want one with a cool 3d effect. Pretty please. Any bone theme will be sufficient. It doesn't have to be the mutant angler fish.

Cool and XhomerX when are you gonna 3D upgrade yourself with those romania colours or with Some cool HULK/thor avatar
HAT?
Cause we are running into Avengers endgame and i now your a FAN Cheesy

rebal15

jr. member

Activity: 527

Merit: 6

Quote from: Lambie Slayer on March 07, 2019, 03:29:27 PM

Quote from: serveria.com on March 07, 2019, 02:48:10 AM

Quote from: Lambie Slayer on March 07, 2019, 12:35:30 AM

Quote from: JayJuanGee on March 05, 2019, 01:56:08 PM

Quote from: Lambie Slayer on March 05, 2019, 11:38:23 AM

Quote from: JayJuanGee on March 04, 2019, 07:22:30 PM

[edited out]

Perhaps our Roach and his future lover Gembitz were slain as the bear market morphed into a new Baby Bull Market. Wink

I am not going to go so far as to say that there is no such thing as a "baby bull market" but surely we are not in such a market yet.

The evidence seems pretty strong that we are currently in a bear market... however, subsequently, if the current bottom of $3,122 is not breached, and better yet $3,700 is NOT breached then there could be some later BTC price behavior that causes us to subsequently describe this period as the beginning of a bull market (aka baby bull)... but we are very far from such a defined state, and it remains about a 52% to 48% proposition that the bottom is NOT in.

The market has been bullish for 82 days since the low of 3122. For Bears to claim continuation of a bear market they will have to break this low. The burden of proof is on them. Its a Baby Bull Market until then. Bears never broke the Jan 15 low in 2015 and the rest of 2015 was a bull market. We are in the same pattern until proven otherwise.

Its a Bull Market ya know.

Seems to me Lambie Slayer is a nice person. Would like to meet him @ the 100k party next year. Cool

Very much looking forward to meeting you sir. 100k will be a beautiful day Grin

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.