Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 12690. (Read 26713617 times)

I think that sometimes theymos, realist as he may seem to be, can sometimes end up arguing a bit too much on the bearish side of bitcoin matters.  It has been shown in the past.  hahahahahaha   in other words, take theymos's predictions with a grain of salt.  


Edit:

Hahahahaha.. this is what I was trying to say.

In the midst of this despair, I just wanted to surface the observation that anybody who has been holding bitcoin for more the thirteen months is in the green.

That is all.

Is it "Bag on Hairy" Friday already?

Trading channel?  Do you think $600 million in Tethers were created out of thin air to create a trading channel right below the previous trading channel?  The only possible thing that could be going on is the dump is either a shakeout before a rise, or this thing is about to get shorted literally into the ground.  Regardless, do not sell.  We need as many shoeshine boys as possible to dump the second the scammers running BitFinex attempt to pump it again.

Isn't that part of the point about why bcash attackers are harping on this event?  They are not really harping on it because of whether it is effective or fair, but rather whether it shows that bcash is a kind of phoney that tries to act like it is similar to bitcoin in terms of the decentralized aspects, but when push comes to shove, bcash has a lot of ability to muster up whatever level of decision making that it needs to, even when it does not need to, because it does not even come close to the same ballpark as bitcoin when it comes to decentralization (even while holding itself out, pie in the sky as it even seems to them sometimes, as the "real" bitcoin's vision (pun not intended)).

An attempt at predicting trading channel from here - much lower certainty on this:

Aaaaah, the three brackets, the pleasure they bring...

You mean (((foreign)))

Oh come. Hairy does his best. This little dip is not entirely his fault. Probably.

The charts look terrible. Crud.

That guy is one of Max Keiser's little minions.  I don't pay attention to him much so I don't really know if he's legit or some type of CNBC fast money con artist, but in his videos he pretends like market manipulation does not exist, shakeouts don't exist, and every market is a completely aggregate market without whales causing bad signals.  In other words, just about everything he said in that video makes zero sense for someone like me that actually knows how this scam of a market trades.  Bitcoin is 99.9% market manipulation and virtually nothing to do with short term TA.

Where in his video does he mention that the entire bitcoin market is controlled by a signal entity operating on Bitfinex since the price was $200???  Where in his video does he mention $600 million in Tether was created out of thin air right before this move, all in the hands of a single entity?  The bitcoin market does not exist.  It's literally one single entity rigging the price.  The identity of this entity on ScamFinex is either some TBTF bank like Goldman Sachs, Bitmain, or the ESF.

Managed to get back to a computer instead of trying to chart on a mobile phone.  And I don't really like what I see. 

Overview back to 2012 showing build of long term trend line from cryptowinter (weekly)


Overview of 2017 / 2018 showing build of 2017 support line plus 2017 downward trend line (daily)


Zoomed in on daily.  Showing we have fallen through a hole beneath three key trend lines


4 hour view showing our current position in the hole


1 hour view showing our current failure to break out of the hole

Overall, it appears that there were no real BIG surprises in this bcash fork, and it appears that Bcash ABC largely prevailed.. and likely to continue to prevail, at least in terms of the short-term internal bcash battling. 

I think that, overall, bcash should be weaker from the totality of infighting and what the infighting reveals about bcash, but crypto markets can play out so irrationally, so that if there is any kind of bcash pump, there might be others who are willing to join in on such nonsense pumping of shit (or a subset of shit.. which is the product of a fork of shit)...

My ongoing tentatively thinking is that the actual fork of bcash (and the infighting that may or may not settle down in the near future) is mostly bullish for bitcoin, yet bitcoin might be a bit reluctant to pump, still, until there is a bit more purging of bcash nonsense.. which also could take a bit of time to play out when there may be attempts to suggest that the whole bcash fork nonsense has made it stronger, rather than weaker, merely as a means to pump the subset of the shit.. and then supposedly suggest that bcash can serve as some kind of meaningful competitor to bitcoin.. which most of us who are studying the space should realize that perpetrating bcash as having strength is nearly completely based on hopium rather than actual fundamentals that are anywhere close to the ballpark of bitcoin.

ABC not accepting SV blocks is irrelevant. The goal of the checkpoint is to limit the potential depth of a reorg to the block height of the checkpoint. The attack this is meant to preclude is SV sympathizers secretly mining an ABC chain of empty blocks. If such chain exceeds the cumulative PoW of the public ABC chain, that parallel chan could be released, invalidating all previously-considered-settled txs on what is now an orphaned ABC chain.

Of course, in order to remain a viable mechanism for forestalling such an attack, the checkpointing will need to be performed periodically, as it can only guard against reorgs preceding and including the checkpoint block height.

Silicon Valley s5e08

https://youtu.be/T9A05Cxrg9M

https://cryptoinsider.com/silicon-valley-bch-hashrate-war/

It seems like a good time to take up drinking again.

Hi Toxic. Many people here discourage bearishness, but there's practically no plausible, short term bullish scenario at this point.

Your take sounds reasonable. I'm crossing my fingers for a bart back up to $6K+, but I'm not holding my breath.

European Central Bank Exec Calls Bitcoin the 'Evil Spawn of the Financial Crisis'

https://cointelegraph.com/news/european-central-bank-exec-calls-bitcoin-the-evil-spawn-of-the-financial-crisis

ready for a rebound after the BCH fork?

via Imgflip Meme Generator

There’s booze thats a good start so might be drunk this evening

And when i am .... Then Maybe i have Some knowledge to share as well in here
Probably BTFD-hodl and mmmm do it again