I guess another relevant question is, when dominance hit 32% last cycle, what turned it around?
Mostly a very sharp drop in xerp, then continuing drop in both VBcoin and xerp.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5476. (Read 26608891 times)
May 14, 2021, 07:07:44 PM
Mostly a very sharp drop in xerp, then continuing drop in both VBcoin and xerp.
May 14, 2021, 06:52:53 PM
Off course CMC is relevant. Perception is everything to retail traders, they don't work on actual analysis, and CMC is one reason we are losing/lost them.
-snip-
-snip-
Have my last.
May 14, 2021, 06:50:04 PM
https://bitcointalksearch.org/topic/m.57011517
This post should be written... reflects a lot of areas in what BTC is facing .... imho I think the bullish factors might be stronger, but this wel written post shows a lot of interesting stuff we should read about DYOR
thx for this amazing analyses by theymos ...
This post should be written... reflects a lot of areas in what BTC is facing .... imho I think the bullish factors might be stronger, but this wel written post shows a lot of interesting stuff we should read about DYOR
thx for this amazing analyses by theymos ...
Very nice indeed.
I would love such games, and subsequent discussions, to stay in the WO.
May 14, 2021, 06:30:59 PM
Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.
Off course CMC is relevant. Perception is everything to retail traders, they don't work on actual analysis, and CMC is one reason we are losing/lost them. I leave the computer for 10 hours, check price when I get back BTC is lower and shitcoins are higher. Zero retail interest in BTC. All time low dominance is at 32% will we get there?
As you say, unless we see a major market crash that is not just aimed at BTC, we will take out those lows. With so many extra shitcoins this time its hard not to take out the lows honestly. The real question though is does ETH flip BTC? if so, that is a psychological hit that will deeply scare.
For 10 years now BTC has been attacked at all levels by all relevant authorities and charlatans, the shitcoins encounter none of this, it's amazing we have held on so long. Will these forces of evil finally win? History shows time and time again how retarded the sheeple are, the sheeple always seem to go along with those who want to hurt them, so long term it's not promising.
I hold out hope though that BTC pulls through and retains it's dominance. It is after all the coin that created the market, the only coin released for pure good intentions to make the world a better place, rather than to enrich the founders like every other shitcoin.
EDIT: I guess another relevant question is, when dominance hit 32% last cycle, what turned it around?
May 14, 2021, 06:11:02 PM
https://bitcointalksearch.org/topic/m.57011517
This post should be written... reflects a lot of areas in what BTC is facing .... imho I think the bullish factors might be stronger, but this wel written post shows a lot of interesting stuff we should read about DYOR
thx for this amazing analyses by theymos ...
This post should be written... reflects a lot of areas in what BTC is facing .... imho I think the bullish factors might be stronger, but this wel written post shows a lot of interesting stuff we should read about DYOR
thx for this amazing analyses by theymos ...
May 14, 2021, 06:05:57 PM
Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).
https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.
TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.
May 14, 2021, 05:24:11 PM
May 14, 2021, 05:22:39 PM
EVs, not Tesla
Just sayin.
There are cheaper alts out there that will be the next Tesla without all of the baggage.
Just sayin.
There are cheaper alts out there that will be the next Tesla without all of the baggage.
May 14, 2021, 05:21:54 PM
May 14, 2021, 04:59:43 PM
https://bitcointalksearch.org/topic/a-member-list-what-do-we-speculate-the-price-will-be-this-summer-join-in-5337266
Hope a true WO to win
Hope a true WO to win
The Dude, doing what he does best!
Bringing joy to those around him in a time of tribulation!
You know.. In this journey we have all met so many different folks. Those here on this forum, like old friends, some strange class of unlikely comrades.
Sometimes it boggles my mind that we are so lucky to be here. Not just because of the obvious reason... but this really is a strange and motley pile of folks. We are lucky to know each other, even virtually.
I cannot help but think from time to time, if bitcoin is not destroyed by Elon, how this forum (or an archive of it) will be scoured over by our curious descendants as they wonder what it felt like to be in our shoes. As some judge us for not seeing what seems obvious to them, or in fact how we were able to. Perhaps it is arrogance in the extreme, to think we matter. But I do. I have said it before... I think one day folks will be reading these threads to relive what we lived through. To see what it was like to live through this.
I doubt they will be able to get it 100%. They will think it should have been easy to hold through all the waves. But of course they will be very wrong. Though it has been for some of us, and those of us here for longer have sustained mind boggling gains and losses.
My "real life" friends and acquaintances have no idea at all. Part of the reason they do not know is I will not tell them because I learned early on (2012-2015ish?) that part of the reason they would not be here is they could NOT handle what we handle. The vast majority of folks wash out. I am not trying to sound arrogant. Maybe something is WRONG with us that we can stand it, lol. But they even project their ideals. There is this one guy I think of in particular. Love the fellow. But he called me a fool so many times as I help through peaks and valleys. Smart guy. IT professional. Made sure to let me know over and over that I should listen to him, and not lose it all. That I had been stupidly lucky, but I would evidently hold it all until it was worthless and miss a chance to benefit because I was too stupid to see the obvious writing on the wall.
We do not talk about Bitcoin any more when we see each other now. Ha. Partly because he is tired of trying to "fix" me, and I imagine partly because he is mad that, at least at this point, it has turned out I was right. I told him he should buy some bitcoin when it was ~$20.
I have quit telling people that.
Even today while all my friends are now making sure I admit publicly I missed the boat on Doge, and am not as smart after all am I? (Although I did do a rare purchase of it yesterday because I happened to see the Coinbase news right when it happened... I actually locked in a quick 25%. Such Rare!)
And I am steeling myself for the coming onslaught of "When are you going to get rid off a'l that evil bitcoin that is boiling the oceans" questions.
You guys are the only ones that get it.
I know we disagree on various things... but we are family now. We have lived through glorious fortune and mind boggling losses together. Some of us have been destroyed by it all, and some have flourished, and we have helped each other along the way...
And then there is The Dude. Posting his pump truck meme and running contests.
Future people? If you actually read this JJG length post? He is (was?) an important one of us. He is a pure representation of the hope and goodness that we have all striven to have. He represents what is best about us. Joy, generosity, and a resolute bullishness that even the least of us has experienced on this journey... He was (is!) well worth knowing. There is a reason he got all the "merits".
Hahaha, yeah y'all wish you were here. How much is that 0.077BTC contest he is currently running worth now? I have a feeling it will buy a modest house someday.
THX for the very nice and kind post with a wink to me ...
I only disagree on a small part, or I have seen something different... Since I'm in BTC it all came from the knowledge of one single person, he never talked about it with friends same as you, but he had to tell me cause of poker stuff etc ...
Now I was a different kind of person as you and my friend...
I did the strategy of screaming it from the rooftops.... not about my holdings or what I have, but about the thing (currency, asset, ...) that they should investigate and get into and the result is my 3 true best friends got in little pre previous bull market and hodled true, they all lost a lot cause of Alts and knowing better though they matured and learned and all increased there holdings and are all good knowing bitcoiners imo, I love it we can live it together as best friends and brothers, same for my RL brother... only my parents didn't follow as they should but ... yeah you know they are just not this generation but still they are happy for me and the rest of us now, which is beautiful as well... The true nice thing is those I wanted to bitcoin the most ... they are bitcoinng and those who give me the "meh" feeling... they yeah you know, don't coin... So my general feeling over people seems to be OK
Btw very kind post and I will merit it later cheers
May 14, 2021, 04:58:55 PM
I kind of miss Roach, he would at least stir things a bit every now and then.
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
People should stop believing in sky daddies altogether. Certainly not be indoctrinating children into these ancient cults.
The only religion we should be allowed to follow is Bitcoin.
As for women; they are good for a few things I've found. But the list seems to be getting shorter to me.
For example I've seen some women talk about Bitcoin online but never met one who does that in person, so I am yet to be impressed to be honest.
hahahaha
Difficult to find anyone in real life to talk about bitcoin, women or otherwise, and sure if you spend the whole time looking down their shirts then they might just rather get down to business with the bunny rather than talk.
By the way, I have found some folks who want to talk about bitcoin and sure mostly guys, and it seems that guys are more likely to deviate into shitcoins rather than women, so in that sense I have found women in real life to be more focused on bitcoin than guys, but sure, they might tell me that they are going to do one thing, and then later I find out that they did the exact opposite of what I suggested to do because whether guy or gal, seems that everyone wants to exercise their own agency which surely tends to lead to errors, especially moreso when they have less experiences.
So gosh personalities of men and women do tend to be different, but it still seems that many folks are vulnerable to the same kind of hesitancies, believing bad information, inabilities to create and stick to a strategies, tendencies towards gambling and other emotional and even knowing better kinds of flaws.. hard to really blame folks in real life for those personality traits, even though sometimes it can be a bit frustrating, but I may well have a few frustrating personality traits too.. anything is possible..at least almost anything.
May 14, 2021, 04:55:30 PM
Anyone following the bet between he and "Dave the Wave" on Twitter? Dave is MUCH more conservative and I think his dominant long term model is more of a softening parabola, and frankly I think according to his tea leaves we may have already peaked in this "cycle". He and PlanB have some bet revolving around 100k or not, I think.
Masterluc just said 37000 which means we're going in the opposite direction, LOL.
I hope their forecasts melt like an ice cube in the Sahara within a few weeks. I'm no TA wizard, but my SOMA system refuses to believe those eager buyers won't make a feast long before 40k. The simplistic view I hold is that to bring the price down there must be corn sold at that low price.
How many coins do they have to burn? I would gladly help them out for what I can, and buy at 20k-30k even right now, if it's OK with them.
The choir might stop, but I'm betting the soloist will keep singing with that beautiful voice we know.
May 14, 2021, 04:42:20 PM
I kind of miss Roach, he would at least stir things a bit every now and then.
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
People should stop believing in sky daddies altogether. Certainly not be indoctrinating children into these ancient cults.
The only religion we should be allowed to follow is Bitcoin.
As for women; they are good for a few things I've found. But the list seems to be getting shorter to me.
For example I've seen some women talk about Bitcoin online but never met one who does that in person, so I am yet to be impressed to be honest.
But to be fair, I think men are equally dumb to let more than 50% of teachers to be females. Crazy when we consider education to be that important.
We are talking 70-80% levels in many western countries.
I think I learned more from a 1 hour Michael Saylor interview than 4 years of economics at high school.
May 14, 2021, 04:38:34 PM
If you guys want to ignore the troll from that small battery car maker: why is he mentioned in all of the posts on this page?
Don't feed the troll!
Don't feed the troll!
Here we are resistant so all can be posted and laughed/discussed... We have thick skin in this place
We do feet the asparagus
I have to ask, what? " We do feet the asparagus"
Footed asparagus is the best
Don't forget to elbow the lettuce
Better give you're price
May 14, 2021, 04:35:15 PM
I kind of miss Roach, he would at least stir things a bit every now and then.
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
I liked to read R0ach's posts, regardless of the content, they were always with well reasoned argument, he fairly accurately predicted the dip in silver prices, when I was in the market to buy some. Sub $14 in Dec 2015 its now $27.xx wow nearly twice price now. A pretty good investment.
Bitcoin was around $450 at the time.
I guess he was just defeated to see Bitcoin out performing silver by such a huge margin and decided to quit posting his arguments have been proven totally wrong.
Given his love of precious metal I never did understand the anti Semite stuff, maybe he was a Jew himself but a self loathing one.
May 14, 2021, 04:26:05 PM
Which dev?
Dodge market cap went up with $10B after this tweet.
Blocked this idiot i don't care anymore.
Was wondering why he dressed up as the reverse hero last week on that attempt at trying to come off as funny but failed miserably.
So now this post is a bit more relevant from the last two tweets put out 24 hours ago from him:
https://bitcointalksearch.org/topic/m.57002173
No wonder he dressed up as Wario..
I thought it was a bit weird at first but it seems like he was just mocking us at revealing who he truly is and that being:
The real villan of BTC!
https://www.youtube.com/watch?v=EXVGLS4g8_w
Looks like he met the developer of doge after all. I thought it was a bit weird at first but it seems like he was just mocking us at revealing who he truly is and that being:
The real villan of BTC!
https://www.youtube.com/watch?v=EXVGLS4g8_w
And he didn't like his jib it seems from his response.
I think Jackson Palmer is the one developer he was talking about he would like to meet.
May 14, 2021, 03:51:43 PM
I kind of miss Roach, he would at least stir things a bit every now and then.
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
Wonder what side he would have taken, he hated both jews, arabs and muslims, (and most women).
May 14, 2021, 03:49:29 PM
And while we, for once, had an interesting and heated debate, the price once again tanked.
May 14, 2021, 03:45:42 PM
Every Youtuber starts to talk about other cryptos flipping Bitcoin. I think sometime soon whales will move their money out of all that alts and show who is king. Hopefully the whales will not forget their roots. Without Bitcoin they still would be poor. Including me. While I am no whale
They did that in 2017 as well, nothing to take any notice about.
May 14, 2021, 03:32:08 PM
We are born as babies and babies are not born with hate ore racism, all bullshit, it's being learned through society and society needs to change and to change it we need to start changing the financial system first to reach world peace. That's why Bitcoin is extremly important.
Stay positive. Your thoughts will be your words, words will be your deeds, deeds will become your personality and that will determines your destiny.
Make love not war!
(Out of merrits so i can't send a few to Arriemoller and Farmer Bill.)
Stay positive. Your thoughts will be your words, words will be your deeds, deeds will become your personality and that will determines your destiny.
Make love not war!
(Out of merrits so i can't send a few to Arriemoller and Farmer Bill.)
Great! There are no winners in war, only Losers so spread the message of peace acrss the globe.
Oh come on, that's hippie talk.
Was there no winner when the allied beat the axis powers?
Was there no winner when South Korea pushed the communists back above the 38th parallel?
How many casualities South Korea and Allied forces had to suffer to win these wars.
Yes, but the outcome was better for humanity then if the wars weren't fought in the first place. So humanity is the clear winner in both these wars.
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