Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19584. (Read 26608186 times)

Well, Adam, I am glad to see that you are posting.

 Hopefully you got back in somewhere between $355 and $375.... and you have learned your lesson....   



Also, don't be waiting for $330 because it seems to be too risky of a proposition.. at least at the moment.

i called this one prett fucking good



and i have the profits to prove it.

k so lets start up that Choo Chooooooo MOTHER FUCKERS 

We're getting .5 to .7 BTC per post, how about yourself?  00001 BTC per, for whoring out your ass sig?
At least tell me you're doing it to feel dirty and cheap, not for the chump change they toss you.

 

Coin



Explanation

It's funny how the dev side has more small blockers, while the speculation side is almost entirely large blockers nowadays.  Why is this?  Because the dev side doesn't understand markets.  People evaluate stocks by things like cash on hand and future expansion prospects.  If blocks are full, this is bad for speculators because you're no longer getting price appreciation from increased utility, but relying entirely on things like Gresham's law to push the price up for your artificial scarcity tokens with people hoarding it.

Relying on price appreciation through artificial scarcity of coin count and block space is a magician's trick.  It may or may not work, because as we all know, things like Litecoin and a million other altcoins exist.  No matter what you believe is the proper technical solution to the problem, the wise speculator, economist, or even honest human being is going to prefer to increase price via increased utility rather than increase solely by trying to recruit people to invest more.  If you're not increasing utility, that's the point where it does turn into kind of a scheme.  Unless you're going to try and claim the markets currently have vastly undervalued Bitcoin, but that's a different argument.

Things like Lightning Network will increase utility a lot by increasing throughput, the only problem is, it's currently nowhere to be seen.  People demand an increase in utility now, otherwise they feel stupid to invest or tell others to do so because it seems like a greater fool theory when utility is not increasing.  This is what the devs do not understand, and Segwit is kinda too little, too late.  This is the reason why I believe the blockchain does need an increase, to allow expansion until something like Lightning Network is released (assuming it works).

The bottom line is, due to the factors cited above, an increase in block size can really only be beneficial for price, assuming it didn't infringe upon decentralization, and you would need very big blocks to centralize things more in comparison to the size of mining pools that already exist.  Whether you're trying to avoid the greater fool theory, or if all you care about is making money and don't give a shit about anything else, you're going to be in the large(r) block camp.

it is just you ... it may seem like that but we are in the process of a cleansing and some trash is leaving, so you might be confused by the trashy bankster trolls currently infesting us like a bad case of SSD or lice

There has been so much garbage written in here the last 24-36 hours about this or that as to why btc is sliding suddenly, I come home and BTC back up to almost 390.00 lol 

It's just you.   

Whether the trend is up or down depends upon your starting point..., no?


In recent days, we haven't left the bull market, to my understanding,... .which generally makes the trend up, even if we have experienced a recent downward correction to $351... and so far, it remains fairly unclear whether the correction is over.. and if we experience voluminous correction over and up to $410 (which may be a fairly BIG IF), then that would probably be a fairly clear sign that the downward correction is over, no?

sites like www.huobi.com is now waken up, the price is surging back, probably bitcoin price is now coming back.
probably proven that the effect of Mike is invalid if it made back to the ~$420. it would be a better sign for the bitcoiners without selling their bitcoins.

is it just me or does the hole bitcoin community became total trash not even needed to look into anymore?

I like to think of "being a bit gullible" as a positive trait.        Hopefully, I am not HODLing too many coins.....

You know that money in your brokerage account? The balance that appears under "account value" when you login? It's gone. Believe me.... its gone.

My educated guess is that $400 will not be breached. We might touch it briefly, but I am not 100% sure.
However, I opened a new short position at $390. I like my odds from there because the trend is down (my opinion).

Do you think it might go up to or above $400 first? There's a giant spread that's making the price erratic. A few thousand Bitcoins would go through the walls before $400, or send the price below $350. Bid support is weak on Huobi and the Chinese are doing their Sunday morning trading which might stop an attempt on $400.

Dont worry I unignored you a while too. You may be a bit gullible, yet you surprise me sometimes with good sense and humor.  

Coin



Explanation

Hello HDBUCK... you put me on ignore a long time ago too, and I am no paid shill, and I have no hidden agenda.... besides wanting to chime in from time to time....