Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 16218. (Read 26610919 times)

legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
...lol with the recent news from Russia re competing with China in Bitcon mining - coupled with the faux China ban , and taken into context with the usual bullshit the MSM spout..

This "supposed" Russia "ban"

Who could really give a flying fuck.

Not me that is for sure.

Not a single fuck given.

(Even if Putin were to come into my  house and smack the hardware  wallet outta my hands I would still laugh in his face)

The "supposed" Russian "ban" is completely irrelevant considering they have almost NO volume in cryptocurrencies.
legendary
Activity: 1078
Merit: 1441
ps ....Ledger X tomorrow ?  Huh Shocked
legendary
Activity: 1078
Merit: 1441
...lol with the recent news from Russia re competing with China in Bitcon mining - coupled with the faux China ban , and taken into context with the usual bullshit the MSM spout..

This "supposed" Russia "ban"

Who could really give a flying fuck.

Not me that is for sure.

Not a single fuck given.

(Even if Putin were to come into my  house and smack the hardware  wallet outta my hands I would still laugh in his face)
full member
Activity: 173
Merit: 100
Yeah, now suddenly Russia is "banning bitcoin", just in time, hah. Anyways, going up and down is great fun. Soon I can afford to go to an actual roller coaster ride (I've never been in a proper one).

This fucking FUD is endless game! People need to use their sense and NOT get carried away with every 'news'
sr. member
Activity: 511
Merit: 250
Open and Transparent Science Powered By Blockchain
Yeah but slow and steady wins the race, I would rather we consolidate for a little bit after each jump than get too bubbly too fast...this could be the longest bull run of all time  Cool Cool

Exactly. We need a slow build this time. We've got some good momentum going, but to your point, no hurry to get there.

In this for the long-haul.

That last run-up to $5k was irrational.


This run up to 5K may also be irrational with the segwit2 fork and other FUD to be tossed soon....so I'm assuming it will get to 5k ...people will break under that pressure and sell....like
the last time it was 5K and with the FUD on the forking and other spam ...we will slip back to 3.5k again and then repeat up to 5k ..hopefully as you say...more steady and sure

anyway, hope I'm wrong but how I see it playing out now



Yeah, now suddenly Russia is "banning bitcoin", just in time, hah. Anyways, going up and down is great fun. Soon I can afford to go to an actual roller coaster ride (I've never been in a proper one).
copper member
Activity: 2898
Merit: 1465
Clueless!
Yeah but slow and steady wins the race, I would rather we consolidate for a little bit after each jump than get too bubbly too fast...this could be the longest bull run of all time  Cool Cool

Exactly. We need a slow build this time. We've got some good momentum going, but to your point, no hurry to get there.

In this for the long-haul.

That last run-up to $5k was irrational.


This run up to 5K may also be irrational with the segwit2 fork and other FUD to be tossed soon....so I'm assuming it will get to 5k ...people will break under that pressure and sell....like
the last time it was 5K and with the FUD on the forking and other spam ...we will slip back to 3.5k again and then repeat up to 5k ..hopefully as you say...more steady and sure

anyway, hope I'm wrong but how I see it playing out now

legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
But what do I know, except making up numbers?   Cry

 Kiss

Another 6 months of bullrun is fine by me Smiley

That would be around 15K+... isn't that what masterluc predicted?
hero member
Activity: 1011
Merit: 721
Decentralize everything
But what do I know, except making up numbers?   Cry

 Kiss

Another 6 months of bullrun is fine by me Smiley
legendary
Activity: 1358
Merit: 1016
It's 9.30am here and when I woke up this morning at 6am I was a little disappointed we hadn't hit another ATH overnight.

We will never be at 32k this month at this rate.

Yeah but slow and steady wins the race, I would rather we consolidate for a little bit after each jump than get too bubbly too fast...this could be the longest bull run of all time  Cool Cool

we have a decent two year bull run so far, from October 2015 - from $250-ish.   Is it really possible to get 1 or more additional years out of this particular bull run.. .Perhaps?  That would be a long bull run, if it were to happen... I have my doubts... I do agree that we are not done with the current bullrun, and another 6 months is reasonable.. I cannot really see going beyond 6 months more, unless perhaps there are several significant corrections along the way without blowing off too much steam, and then perhaps we would be going to the $30k to $50k territory in the next 12 to 18 months... that would be a lot, though... so I find it to be quite the stretch and maybe less than 15% chance of such.  But what do I know, except making up numbers?   Cry


That last line made me laugh.


legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
It's 9.30am here and when I woke up this morning at 6am I was a little disappointed we hadn't hit another ATH overnight.

We will never be at 32k this month at this rate.

Yeah but slow and steady wins the race, I would rather we consolidate for a little bit after each jump than get too bubbly too fast...this could be the longest bull run of all time  Cool Cool

we have a decent two year bull run so far, from October 2015 - from $250-ish.   Is it really possible to get 1 or more additional years out of this particular bull run.. .Perhaps?  That would be a long bull run, if it were to happen... I have my doubts... I do agree that we are not done with the current bullrun, and another 6 months is reasonable.. I cannot really see going beyond 6 months more, unless perhaps there are several significant corrections along the way without blowing off too much steam, and then perhaps we would be going to the $30k to $50k territory in the next 12 to 18 months... that would be a lot, though... so I find it to be quite the stretch and maybe less than 15% chance of such.  But what do I know, except making up numbers?   Cry

hero member
Activity: 1011
Merit: 721
Decentralize everything
It's 9.30am here and when I woke up this morning at 6am I was a little disappointed we hadn't hit another ATH overnight.

We will never be at 32k this month at this rate.

Yeah but slow and steady wins the race, I would rather we consolidate for a little bit after each jump than get too bubbly too fast...this could be the longest bull run of all time  Cool Cool
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
It's 9.30am here and when I woke up this morning at 6am I was a little disappointed we hadn't hit another ATH overnight.

We will never be at 32k this month at this rate.

32K would be a 6x+ increase from current price. At current quarterly growing rates we would need almost a full year for that, you fool! Smiley
legendary
Activity: 1358
Merit: 1016
It's 9.30am here and when I woke up this morning at 6am I was a little disappointed we hadn't hit another ATH overnight.

We will never be at 32k this month at this rate.
newbie
Activity: 5
Merit: 0
There are few ICO wherein you can get 30% disscounts and profit share as well.


Bitcoin's going great...

But what the hell is happening with altcoins? Roll Eyes Can't we follow the old rule? When bitcoin goes up, alts go up too? Cry
[/quote]

If you think that there is such a "rule", then your thinking is deluded.

Sure, sometimes there is correlation... sometimes there is coattail dynamics, sometimes there is pumpening that goes beyond bitcoin, but these are not rules..   Every pump and dump cycle has it's own dynamics that may not be exactly predictable, but in this case there does seem to be some possible recognition of value.. that is bitcoin is much fucking more valuable than a bunch of copycat white papers, claiming to be bitcoin 2.0, with features that largely could be built upon bitcoin or a sidechain of bitcoin..  So it is not that the alts do not provide some value, but frequently their issuing of coins causes way more perception of value rather than fundamental value in terms of various networking and building that takes time rather than pure theories.
[/quote]
You cant do sidechains.. federated peg doesnt work. Spv proofs give miners too much power. You need quorum of oracles to sign off. It wont be done on btc as it requires bonded validators.. a pow+pos hybrid design. A trustless sidechain design isnt in the cards for blockstream
[/quote]

Well, whatever is the proper term, we do not need a bunch of these ICOs that are claiming to be able to do something better than bitcoin.. whether it is a sidechain or some other technical way in which a lot of the various proposed functionality (to the extent that they are valuable within bitcoin and blockchain) will likely become part of bitcoin or some kind of related bitcoin appendage.
[/quote]
Nope without sidechains.bitcoin cannot.expand usecases horizontally across markets. This is why alts exist and this is why the famous reddit posts.about how the announcement of sidecbains by blockstream devs were to officially kill any hope for alts will go down in in history as a fairly important and large scale miscalculation of this market dynamics. Well ofcourse sidechains were put on hold and alts gained vs btc because of the reason that some or a few actually do provide utility. We are still early on the curve so any short term blunders in price have no affect on fundamentals which are the true driver of any market. My thinking is that aslong as the macro trend is still intact regards to alts vs btc that the whole market remains bullish until that trend breaks. I leave the exercise to you on figuring out why.
[/quote]

You are coming off as a bit of a pretentious prick, in your attempt to assert that you have some kind of deeper understanding of the importance of alts - without citing any authority but merely referring to supposed authority and making vague amorphous statements about seeming inadequacies of bitcoin to provide certain use cases.

No matter the case, we can make our investment choices, and you seem to be a bit out of place here, in this thread, if you want to uptalk the importance of alts (and their supposed contribution the the crypto space).  Largely and generally, alts are copying bitcoin, and trying to find various use cases to distinguish themselves from bitcoin.  Sure some of the uses of these alt coins are going to get absorbed into bitcoin - whether you refer to the vague authority of some nonspecific reddit thread or otherwise (is that r/btc, by the way?)....

Anyhow, none of us are the complete knowledge of any of these crypto-space dynamics and there is a whole hell-of-a lot going on in the space - so I am not claiming to be some kind of deity regarding which alt cryptos are going to possibly be more useful than others, and I really don't give too much of a ratt's ass about them.  Right now, the main player on the block remains bitcoin, and likely we are experiencing some realization from the crypto community regarding that reality..... .so all of this does not conclude that there are not some decent and wonderful cryptospace developments that are not pump and dumps, and surely there are - but I would suggest most of us keep our eyes on the prize, which remains bitcoin, and do not get too distracted by the multitude of bullshit alts that you are amorphously trying to claim some kind of importance.. and amorphously claiming BTC to be in adequate in order that you can perpetuate your nonsense and seemingly pro altcoin thesis.
[/quote]
Forgive me I am a developer. Its in my nature to be cryptic. I also hate typing and im INTJ. I say just the necessary for those.that understand.
Its not pro alts.. its pro crypto. Perhaps im more confident in it because ive been waiting for this exact setup since 2013. Its like in 2010 i was saying you better buy US on forexfactory to anyone I knew. I saw fundamentally that USD and us equities would rise together even though that made no sense in context. However it did happen. Ive been planning for this specific wave since 2013 (its the big one if alts and.btc to up together, until they dont) Dm me and we can get on a call and chat. Not typing it up here. No time for that. Its not rocket science really.. but perhaps I took it for granted that others can also see it. Anyways chat later if you want.
[/quote]
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
[edited out].
Forgive me I am a developer. Its in my nature to be cryptic. I also hate typing and im INTJ. I say just the necessary for those.that understand.

These are not really great excuses for your failure and refusal to communicate clearly on a public forum, and then blame me because I am asking for clarification, specifics and elaboration.

Think about your comment that you say things only for those who understand (or are at your level) comes off as quite pretentious and even presumptive that you are either smarter than other people or that your unique perspective is special.

The fact of the matter is that each of us has perspectives, and sure some people are smarter than others, but I would not necessarily conclude that I am smarter than someone else based on a manner of communicating or knowing certain secret things, and likely a sign of social and communicative intelligence is actually begging able to explain points that you make.  You are the one that made the points regarding the supposed dependency relationship of bitcoin to the alt coin market, not me, and I was just criticizing your point or alternatively attempting to obtain some clarification through my criticism of such point(s).



Its not pro alts.. its pro crypto.

You seem to be getting caught up on semantics, here, and maybe at some point both of us loses whatever the fuck the earlier points were.

I think in recent times, I have been becoming more and more critical of others who go down the path of conflating various cryptos and acting as if bitcoin just happens to be one of the many crypto options.  It is a form of either failing and/or refusing to recognize distinguishing aspects of bitcoin or purposefully framing false equivalencies in order to either denigrate bitcoin or to pump alt coin trashes by acting like they are nearly the same thing.. blah blah blah.

By the way, I have no problem with the concept of being pro-crypto or even being excited about the many possible contributions of a variety of alt coin projects and ICOs... so long as we can recognize some of the scam marketing going on with a lot of them, too.  If we try to act as if they are all legit and not motivated by perverted marketing, then likely we are either perpetuating myths, living in a fantasy or possibly purposefully scheming.




Perhaps im more confident in it because ive been waiting for this exact setup since 2013.


Out of your own imagination, you are trying to describe some kind of pattern that likely does not exist and is largely based on a figment of your imagination - perhaps even with a fallacy of trying to put too much emphasis in predicting the future on some kind of self-selected past pattern that you believe to exist - again a kind of false equivalency in suggesting that there is some kind of rule that alts must pump at the same time as bitcoin or some variation of that nonsense that is no rule at all, but only something that you are hoping will happen without any real evidence to support it... and even if you end up being correct and it happens, it does not mean that it was either inevitable or that you predicted it properly...   but yeah, guys like you who fail to speak in specifics, seem to always be able to later proclaim that whatever nonsense you were predicting ended up being correct...  Roll Eyes

Its like in 2010 i was saying you better buy US on forexfactory to anyone I knew. I saw fundamentally that USD and us equities would rise together even though that made no sense in context. However it did happen.


Why does it matter?  Do you have some kind of inferiority complex that you need to describe yourself as some kind of insightful deity?

Are you trying to sell a consultation service or something?

Yeah, great, we can sometimes see a trend or a pattern and we can place some of our additional money in the direction that we believe is more likely to occur... great.. nothing wrong with that. 

Hopefully, you realize that in the end, these are a bunch of probable outcomes, and maybe you were able to predict a more likely outcome, and once the outcome takes place, it becomes 100% - however, nothing is 100% when it is in the prediction mode, and each of us come to differing conclusions regarding what kind of probability we assign to a specific outcome and maybe even how comfortable we are in concluding a certain outcome, whether it is assigning 60% to 70% or some narrower or broader range depending on our confidence level and the extent to which we feel that we understand a large number (or not) of the material factors that goes into making such a prediction about a future event.   


Ive been planning for this specific wave since 2013 (its the big one if alts and.btc to up together, until they dont)

Sure it is possible that you could be correct, maybe a 30% chance or something like that, or maybe I am wrong and there is a 70% chance that you are correct; however, I would not put all of my eggs in a basket that is predicting something based on historical events and also circumstances that have changed too, and have you actually accounted for important and material factors in making you prediction?


Dm me and we can get on a call and chat.

I see no reason for that.  Sometimes if there is progress being made, then perhaps some kind of direct private discussion or chat could be useful - otherwise I don't see the point.

I made my points and you made your points, and my points seem better than yours... hahahhahahaa Cheesy Cheesy


Not typing it up here. No time for that.

Yes.. I see you are not really able to back up your various conclusions, and I am not even sure if it matters that much, except the fact that you are speaking in conclusory nonsense and trying to identify a pattern that likely does not exist and has perhaps a 30% or so chance of playing out.


Its not rocket science really..

Of course, simplifying markets and human behavior is not rocket science.   You can say whatever the fuck you want and you can predict whatever the fuck you want, but does not mean that you know what you are talking about merely because you assert your conclusions without giving any kind of meaningful basis regarding how you got there besides your amorphous and wishful thinking about sensing a pattern that altcoins and bitcoin pumps together.


but perhaps I took it for granted that others can also see it.

Well, that is one of the things that happens when you communicate in amorphous conclusions.  There are some people who might agree with your various premises and conclusions and others who will not.

Anyways chat later if you want.

I don't mind sticking with the public thread.  I don't see any point to chatting privately about this particular topic.
legendary
Activity: 1862
Merit: 1530
Self made HODLER ✓
In aprox. 7 hours Catalonia regional president Puigdemont is scheduled to speak. Nobody knows if he will do as promised and unilaterally declare independency or cowardly back-off on his word.

Let's see if it has any impact on price... or maybe we are already experiencing its influence.
legendary
Activity: 2674
Merit: 3000
Terminated.
You obviously don't spend much time in alt land.
I spend enough time, and the statement is valid. It is referring to other things than what you have in mind, which is why it is confusing for you.

You cant do sidechains.. federated peg doesnt work. Spv proofs give miners too much power. You need quorum of oracles to sign off. It wont be done on btc as it requires bonded validators.. a pow+pos hybrid design. A trustless sidechain design isnt in the cards for blockstream
This statement is completely false on all levels -> you're an idiot. Stop posting bullshit.

Forgive me I am a developer. Its in my nature to be cryptic.
Self-proclaimed, non-existing, nature of a random developer.  Roll Eyes

Quote
Bitstamp | Total bids: 67088511 USD. Total asks: 2318 BTC. Ratio: 28936.06265 USD/BTC. | Data vintage: 0.0660 seconds
legendary
Activity: 2044
Merit: 1005
Bitcoin's going great...

But what the hell is happening with altcoins? Roll Eyes Can't we follow the old rule? When bitcoin goes up, alts go up too? Cry

If you think that there is such a "rule", then your thinking is deluded.

Sure, sometimes there is correlation... sometimes there is coattail dynamics, sometimes there is pumpening that goes beyond bitcoin, but these are not rules..   Every pump and dump cycle has it's own dynamics that may not be exactly predictable, but in this case there does seem to be some possible recognition of value.. that is bitcoin is much fucking more valuable than a bunch of copycat white papers, claiming to be bitcoin 2.0, with features that largely could be built upon bitcoin or a sidechain of bitcoin..  So it is not that the alts do not provide some value, but frequently their issuing of coins causes way more perception of value rather than fundamental value in terms of various networking and building that takes time rather than pure theories.
You cant do sidechains.. federated peg doesnt work. Spv proofs give miners too much power. You need quorum of oracles to sign off. It wont be done on btc as it requires bonded validators.. a pow+pos hybrid design. A trustless sidechain design isnt in the cards for blockstream

Well, whatever is the proper term, we do not need a bunch of these ICOs that are claiming to be able to do something better than bitcoin.. whether it is a sidechain or some other technical way in which a lot of the various proposed functionality (to the extent that they are valuable within bitcoin and blockchain) will likely become part of bitcoin or some kind of related bitcoin appendage.
Nope without sidechains.bitcoin cannot.expand usecases horizontally across markets. This is why alts exist and this is why the famous reddit posts.about how the announcement of sidecbains by blockstream devs were to officially kill any hope for alts will go down in in history as a fairly important and large scale miscalculation of this market dynamics. Well ofcourse sidechains were put on hold and alts gained vs btc because of the reason that some or a few actually do provide utility. We are still early on the curve so any short term blunders in price have no affect on fundamentals which are the true driver of any market. My thinking is that aslong as the macro trend is still intact regards to alts vs btc that the whole market remains bullish until that trend breaks. I leave the exercise to you on figuring out why.

You are coming off as a bit of a pretentious prick, in your attempt to assert that you have some kind of deeper understanding of the importance of alts - without citing any authority but merely referring to supposed authority and making vague amorphous statements about seeming inadequacies of bitcoin to provide certain use cases.

No matter the case, we can make our investment choices, and you seem to be a bit out of place here, in this thread, if you want to uptalk the importance of alts (and their supposed contribution the the crypto space).  Largely and generally, alts are copying bitcoin, and trying to find various use cases to distinguish themselves from bitcoin.  Sure some of the uses of these alt coins are going to get absorbed into bitcoin - whether you refer to the vague authority of some nonspecific reddit thread or otherwise (is that r/btc, by the way?)....

Anyhow, none of us are the complete knowledge of any of these crypto-space dynamics and there is a whole hell-of-a lot going on in the space - so I am not claiming to be some kind of deity regarding which alt cryptos are going to possibly be more useful than others, and I really don't give too much of a ratt's ass about them.  Right now, the main player on the block remains bitcoin, and likely we are experiencing some realization from the crypto community regarding that reality..... .so all of this does not conclude that there are not some decent and wonderful cryptospace developments that are not pump and dumps, and surely there are - but I would suggest most of us keep our eyes on the prize, which remains bitcoin, and do not get too distracted by the multitude of bullshit alts that you are amorphously trying to claim some kind of importance.. and amorphously claiming BTC to be in adequate in order that you can perpetuate your nonsense and seemingly pro altcoin thesis.
Forgive me I am a developer. Its in my nature to be cryptic. I also hate typing and im INTJ. I say just the necessary for those.that understand.
Its not pro alts.. its pro crypto. Perhaps im more confident in it because ive been waiting for this exact setup since 2013. Its like in 2010 i was saying you better buy US on forexfactory to anyone I knew. I saw fundamentally that USD and us equities would rise together even though that made no sense in context. However it did happen. Ive been planning for this specific wave since 2013 (its the big one if alts and.btc to up together, until they dont) Dm me and we can get on a call and chat. Not typing it up here. No time for that. Its not rocket science really.. but perhaps I took it for granted that others can also see it. Anyways chat later if you want.
legendary
Activity: 2338
Merit: 1130

You misunderstand the jist of my post. Its not.about that at all. Try to think.a bit more.about it. Put your.thinking cap one.if you got one.


Are you texting and driving again, Sid?
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Bitcoin's going great...

But what the hell is happening with altcoins? Roll Eyes Can't we follow the old rule? When bitcoin goes up, alts go up too? Cry

If you think that there is such a "rule", then your thinking is deluded.

Sure, sometimes there is correlation... sometimes there is coattail dynamics, sometimes there is pumpening that goes beyond bitcoin, but these are not rules..   Every pump and dump cycle has it's own dynamics that may not be exactly predictable, but in this case there does seem to be some possible recognition of value.. that is bitcoin is much fucking more valuable than a bunch of copycat white papers, claiming to be bitcoin 2.0, with features that largely could be built upon bitcoin or a sidechain of bitcoin..  So it is not that the alts do not provide some value, but frequently their issuing of coins causes way more perception of value rather than fundamental value in terms of various networking and building that takes time rather than pure theories.
You cant do sidechains.. federated peg doesnt work. Spv proofs give miners too much power. You need quorum of oracles to sign off. It wont be done on btc as it requires bonded validators.. a pow+pos hybrid design. A trustless sidechain design isnt in the cards for blockstream

Well, whatever is the proper term, we do not need a bunch of these ICOs that are claiming to be able to do something better than bitcoin.. whether it is a sidechain or some other technical way in which a lot of the various proposed functionality (to the extent that they are valuable within bitcoin and blockchain) will likely become part of bitcoin or some kind of related bitcoin appendage.
Nope without sidechains.bitcoin cannot.expand usecases horizontally across markets. This is why alts exist and this is why the famous reddit posts.about how the announcement of sidecbains by blockstream devs were to officially kill any hope for alts will go down in in history as a fairly important and large scale miscalculation of this market dynamics. Well ofcourse sidechains were put on hold and alts gained vs btc because of the reason that some or a few actually do provide utility. We are still early on the curve so any short term blunders in price have no affect on fundamentals which are the true driver of any market. My thinking is that aslong as the macro trend is still intact regards to alts vs btc that the whole market remains bullish until that trend breaks. I leave the exercise to you on figuring out why.

You are coming off as a bit of a pretentious prick, in your attempt to assert that you have some kind of deeper understanding of the importance of alts - without citing any authority but merely referring to supposed authority and making vague amorphous statements about seeming inadequacies of bitcoin to provide certain use cases.

No matter the case, we can make our investment choices, and you seem to be a bit out of place here, in this thread, if you want to uptalk the importance of alts (and their supposed contribution the the crypto space).  Largely and generally, alts are copying bitcoin, and trying to find various use cases to distinguish themselves from bitcoin.  Sure some of the uses of these alt coins are going to get absorbed into bitcoin - whether you refer to the vague authority of some nonspecific reddit thread or otherwise (is that r/btc, by the way?)....

Anyhow, none of us are the complete knowledge of any of these crypto-space dynamics and there is a whole hell-of-a lot going on in the space - so I am not claiming to be some kind of deity regarding which alt cryptos are going to possibly be more useful than others, and I really don't give too much of a ratt's ass about them.  Right now, the main player on the block remains bitcoin, and likely we are experiencing some realization from the crypto community regarding that reality..... .so all of this does not conclude that there are not some decent and wonderful cryptospace developments that are not pump and dumps, and surely there are - but I would suggest most of us keep our eyes on the prize, which remains bitcoin, and do not get too distracted by the multitude of bullshit alts that you are amorphously trying to claim some kind of importance.. and amorphously claiming BTC to be in adequate in order that you can perpetuate your nonsense and seemingly pro altcoin thesis.
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