Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12081. (Read 26652390 times)

Fun fact:

Great spirit is positive, highest dec 2018 stamp price:
$4,172   - 14 (31.1%)

Yeah, I don't see how any of that could be used in a court as evidence. Plus the fact that I do buy heaps and heaps of beer doesn't mean I do drive under the influence... and even if I did, it would need to be PROVEN in accordance to established lawful procedures.

Of course, if you are going to buy illegal goods or services, yeah, better use cash, but I guess no one would be able to use a credit card even if he wanted to be so reckless, right?

I would be more worried about my search history (basically any and all nefarious things conceivable is included)... which I can perfectly and reasonably explain of course.

One thing is to care about privacy and another different thing is to make your life unnecessarily cumbersome and miserable out of extreme paranoia. A balance here would be healthier. I learned that DECADES ago, when I was a truly extremely paranoid person. It was not worthy nor justified.

Otherwise one risk ending like r0ach, who claims to NOT have a smartphone (maybe not even an old non-smart cellphone I don't remember).

The guy walking beside the train must be an no/alt-hatter peasant...

A scenario in which I'd have to worry about anyone knowing about what I bought at what time combined with somebody hacking the database and leaking it to my unlikely enemy in an already unlikely scenario is so infinitesimally likely that I still don't see the point for any practical intent. Seems much more sensible to be worried about talking around your phone and even that would be at the very least edging on tinfoil.

The new 'China bans Bitcorn'?

Economics is a joke that has, in its current form, no place at institutions of higher education.



You're conflating two things here. More below.



With no word have I said 'never'. I specifically pointed to the current state of crypto, which makes fundamental analysis (beyond mining cost) completely impossible. Hence, no obvious fundamental value that can give you any idea of where we are currently standing.



As said, you're conflating all of my post with the chart drawing you see most of in these places (crypto). The chart drawing and analysis is part of a branch called technical analysis. It tries to identify trends and shifts in market psychology.
What I was talking about is fundamental analysis, which is much more objective (to the point of accuracy of data) as it analyses underlying assets, costs, profits, revenue as well as risk and opportunity premiums and so on of a business.
Thus, fundamental analysis gives you an objective value of a company, around which the stock price fluctuates.

Technical analysis tries to quantify the fluctuations (stemming from market psychology and the implied trader behaviour).

Bitcoin's price stands almost exclusively on the emotional and speculative leg of technical analysis right now, and that won't change until we get to a scenario where "Y proportion of X market" is traded against BTC. This is also why Bitcoin went from 20k to 3k. Because technicals pointed towards that being the likely outcome (note that nothing will ever give you the exact numbers without).
If Bitcoin could be assigned a fundamental value of $10k we would've most likely not seen a significant drop below $10k, as FOMO would kick in and revert the price towards its fundamental value. Similarly, it would retrace from $30k to $20k if the latter was its fundamental value, as people would sell in order to buy back at a price closer to the "real" value.
Technical indicators give you a confidence interval for the deviation from the fundamental value as well as the speed of convergence towards it. But since that doesn't exist in Bitcoin, a quasi-fundamental value is given mostly by mining price + moving averages (technicals). Hence, it doesn't matter if Bitcoin is more "mature" until a fundamental value is near universally agreed upon by global markets and easily identifiable. It'll keep trading more or less the same until then.

P.S. The 'battle' is mostly just trading based on technicals with some people getting caught in between and making up narratives that fit the current market. Hence the odd timing of news stories and whatnot. They push trades implied by fundamentals over the edge so to speak.

Max at $4750-$5250 for Q1 imho... & then of to a 2019 new low

 I just finished a night shift and I was supposed to pick up the turkey before I sleep but my wife has graciously offered to do that for me to allow me time to make one WO hat before I go to bed.
Hope it fits!



avatar-sized

Good for you!



Just kidding

bitcoin has a global recognition, BCH has the largest manufacturer of miners, ETH has apps, DASH has anonymity. What other coins mean?

I believe I can fly

Sure, bigger fucking candles

I get your point. But the fact is that you do walk in the same river - multiple times - because that's how it makes sense to the human (still dumb) brain.
Different water molecules or different river bed just won't cut it. Not in the short term anyway. We need patterns to project our thoughts in to the future.

What you believe is more real than reality itself.

I also always think there Will be Some diffrences....

You cannot walk in the same river twice

Yes, I am working hard to get it soon, I am going to work these days of Christmas holidays to obtain the merit Nº100 / HAT.

Sucker's rally, pump & dump - vol2. Peachy

yes i think so many have PM'd him a pic for a HAT
just he posted to have a few busy days.... but when he finds the time, he's always in for a new HAT