Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18338. (Read 26520047 times)

The time required to find a block has zero relation to "full blocks".

But you already know that, don't you

As for the averages,

Block Generation Time:   
1 block: 10.1 minutes
3 blocks: 30.4 minutes
6 blocks: 1.0 hours

https://bitcoinwisdom.com/bitcoin/difficulty


Price stable = less action
Price rises = OMGs, rockets, trains and champagne everywhere

and a rocket

 
         /\
        |  |
        |  |
        |  |
        |  |
       /___\
       |    |
       |    |
       | BTC |
       |    |
       |    |
      /| | |\
     / | | | \
    /_|||||_\
      /_\l/_\
      ####
     #####
       ###
         #

He forgot to mention when the dragons come flying... 

Hmm, while I used to enjoy most of your comments back in the beginning of 2014, I came to realize that you're the perfect contrarian indicator. So basically now that you're screaming "SELL!!! ZOMG BITC0IN DEDD!!!", buying in seems to be the best decision one can take.

Cheers!

an hour and 19 minutes since the last block. They are averaging 23 minutes per block and they're all full.

this will cause the price to slump, which will kick more hashpower off the networks, causing further backlogs and higher fees in a viscous feedback loop. I told you bastards this would happen.

it's the Fullblocalypse!!

Look at you?  seeming to not be able to resist getting in a kind of non-substantive ad hominem attack.  You don't even explain what was wrong with my approach.  Are you saying (in retrospect monday morning quarterbacking) that there was something fundamentally wrong with my approach?  Do you know enough about my approach?   I don't really want to get caught up on this, except to suggest that you really don't have anything here, except some desire to get in a bit of a digg, for some reason?




Yeah, of course, we know that what you are saying here is a fairly accurate representation; however, we also know that folks come into bitcoin at various stages, and they act with the knowledge that they have at the time that they enter (lots of variation).  Also, we likely understand that bitcoin continues to occupy a kind of niche, and yeah, more and more folks are finding out about it, and finding out about bitcoin has an effect, and also pumping in itself has an effect  in which even the folks pumping can lose control..

So yeah, I agree that the price of bitcoin has likely been artificially suppressed for a kind of extended period of time, and there is a lot of upside potential in which both pumpers and dumpers lose control.. which each of us is looking forward to witnessing such irrational upwards price movement (in the near future, if possible)




That is way too absolutist of a claim.  Sure, you can bet that way, but I am not going to bet that way, and I don't even care if you are correct.  I mean I even hope that you are correct because I profit much more from upwards price movement rather than downwards price movement.

I prepare for both up and down, but since currently about 95% of my bitcoin dedicated funds is in bitcoin as opposed to fiat, yeah, UP works a hell-of-a lot better for me personally.



I tend to agree, but I still sell as it goes up, and for example, if the price goes up 15%, I may end up selling 2.5% of my BTC holdings, but still it seems that I end up buying some of that back too, when the price corrects.. but yeah, let's say that the price does not correct anymore and it goes shooting up 5x or something like that (which seems a bit unrealistic that we are not going to get some more corrections), and maybe in that case I end up selling 15% of my BTC holdings, or maybe i get overly excited and I sell around 50% of my BTC holdings, there is nothing wrong with having such a profit's taking plan.. which may even allow for buying back in at various corrective price points, that seem almost inevitable, as well.





That's a dumb thread and poll that has the maximum score at $1,000..The premise of the thread is completely lacking in insight.  Sure, maybe BTC prices could languish below $1000 for a considerable amount of time, including several years, but we already should have a pretty good idea that prices will likely go up in exponential ways once we get into the upper $800s... so flawed premise in the above cited thread.



I don't disagree with you about these matters, and there will likely various kinds of unknowable FOMO behaviors at various price points both below and above $2k.



I'm not sure about the odds of this $32k in the near future, but yeah, we got a lot of good things lining up in the bitcoin space.

I predict at least 4 more bubbles until the bubble that doesn't pop ( the day to dollar dies ) is blown up.

good job buying as the sky was falling.
all i'm saying tho is that market has a way of playing with people's emotions.

at 1200 its " a golden opportunity"
at 250 its " all the FUD was right, this is the end, HardForks will make everything come undone "
at 450 its " Soon a new coin will take over "
at 650 its " not a buying opportunity kinda high will soon correct back down and then i'll buy"

It isn't coming back down...
buying is very safe right now, and selling is just plain stupid.
poeple aren't really all that bullish ( many predicting marginal increases in price over the next year )
meanwhile news like "Blockchain Tech is an ‘Opportunity’ for Asset Managers" , " China in trouble ", " Brexit "
the coast is clear... actually its worst then that everything is lining up!
Time is running out, FOMO will really kick in above 2000...

at 2000 its "OMG i better put in that 5000$ i've been meaning to invest in now or i'll miss out"
at 32,000 its " I was right! Its a paradigm shift, Fiat will soon die! Muahahahahaha "

Climbing the steepest Walls

True, he mostly communicates (that's on him) w/ the known devil/troll and their various sox. I can't believe he brings himself down to their level in such a big way. Either way, he's ignored until further review. Hang out with the tramp and get the same treatment. And you're right, this place is a joke when the sox are allowed to go bulls on parade w/o repurcussion. Step up Adam. Don't let a dipshit/burnout run this place.

You have a tendency to be really fully of shit, Hyperjacked, so the more appropriate assessment of the situation would be something like this:

"when you see others spreading around shit, and they admit that they are spreading shit, you agree with them."  That's what I did in my above earlier response.        

As you know, Adam, I have approached my bitcoin investment from a dollar cost averaging strategy.  Surely, if I was just getting into bitcoin now, my approach would likely be similar, but certainly my BTC/fiat position would be different, merely from the fact that I have already been buying and accumulating BTC for about 2 and 2/3 years now (wow time flies!!). 

I mean I get your point that currently bitcoin is likely more of a "buy, buy, buy" than it was in November 2013 (hindsight is 20/20); however, since I am already have largely invested and taken my position, it is not like I can go out and start to leverage in bitcoin  or changing my strategy merely because I believe that bitcoin is more of a "buy, buy, buy" now than it was in November 2013.

In other words, already largely in.. buy on the way down and sell on the way up... that is my current and ongoing position in BTC... and ongoing strategy.

I am happy with my total BTC accumulation, my average price per BTC and my having had stacked up fiat for the way down, just in case the price goes down and it feels like plenty of BTC (in comparison to my total wealth and liquid assets) in case BTC prices go up. 

Anyhow, you seem to be asserting that the fundamentals are very strong and should be buying, buying, buying right now, but that is not going to work for some folks, unless they are maybe just getting into BTC or maybe they had sold a bunch in the $700s or even upper $600s or for some other reason they have come across extra cash.   

I already have gotten to know you sufficiently to understand that you sometimes will exaggerate a bit, just to make your points, yet I also believe that you are a bit more of a gambler than me.

Surely, each of us has our investing style. 

I personally would rather play the whole bitcoin thingie ma jiggie more conservatively and make less money than to take chances on betting one way or another or stacking too much fiat into BTC when my BTC investing portfolio is already in a pretty decent position with currently about 95% in BTC and 5% in fiat...

In other words, I am not going to change my investment to 96% BTC or any higher amount unless BTC prices go down and more or less force me to allocate a higher percentage of my portfolio into BTC.   

Must admit...this thread is a has been IMO

No good debates anymore just jay and the cronies talking meaningless trash

Your dates are a little bit off.

The Brexit vote (and the surpise outcome thereafter) took place more than 24 hours after the dip to $540, after the price had come back up into the $620s, and the results of the Brexit vote seemed to have caused (or at least correlated) with bitcoin prices rising after the vote from the $620s to $684... and then BTC prices came back down into the mid to lower $600s thereafter (including another attempted, but failed test of sub $600).

Of course when u create your own reality u don't care what anyone thinks...

Cheers jay   

the price is a lie, every day it lies in order to try to fool you into fucking up.
consider how you felt 2 years ago...
today's lie " its not safe, price could drop any moment"

I don't really understand any need to get emotional, but yeah, if we are human, then sometimes we do get emotional, to some extent, but seems that we should also attempt to control our emotions somewhat when we are posting in these kinds of forums.






To the extent that any of your comment is comprehensible, I have my doubts regarding either who is supposedly involved in behind the scenes bitcoin manipulation and the extent to which there are institutions with good enough strategies to exercise any kind of widespread control over bitcoin's price, especially when there is also ongoing increasing mass adoption and ongoing increasing bitcoin development.  So, yeah let's see how long prices can be contained and in what price arenas? 

Regarding any kind of fractional reserve that may be going on in bitcoin, we may have some of that going on in exchanges and other centralized institutions that are working with bitcoin.  So far the extent of fractional reserves seems to be lower than various mainstream fiat systems, even though ETFs and other mainstream financial instruments may bring some more of that to bitcoin, and even though some folks are going to recognize that it is better to own bitcoins themselves rather than any proxy asset.






Yeah, probably you are going to get banned if you keep posting nonsense like that, so in other words, your attempt to clarify seems to have resulted in possible stream of conscious gobbledy gook.. and it seems likely that you are probably capable of better.. yet likely better (or clarification) is not your intention.




you are providing pretty good examples of trolling, here, in the above blurb of nonsense.. which amounts to apparent attempts to fill the thread with irrelevant and distracting goofiness.

I've watched this twice. I have no words.

Several times that I've heard these kinds of predictions... Call me either overly cautious or  sccccaaaaarrrrrrreeeeeedddd.   

i simply cannot accept poeple are so stupid as to invest into Onecoin with the idea that its not a total scam.

my guess as to what is holding this thing afloat ( a assume it is floating... ) is the idea that poeple believe Other poeple are stupid enough to think its not a scam, they see all they hype and think " wow the scam coin has alot of hype behind it, i bet lots of suckers will bite so i'll bite first"

everyone thinks everyone else is stupid and this allows people to buy this shit fully knowing they are buying a scam coin.