You are absolutely right, a breakout is likely to happen has happened and BTC could revisit 38K hit 80k.
ftfy
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6187. (Read 26710771 times)
February 02, 2021, 11:14:44 PM
ftfy
February 02, 2021, 10:34:21 PM
It looks like our consolidation is about to end. I think we are in for a big move any day now.
We already broke out of the triangle. We also just recently had a golden cross on the 6H EMA 21/55. That has happened two times before since this bull run started in October last year, and see what happened to the price after that (see the arrows on the charts for when that occurred).
Let's see how well this prediction will age. Hodlers unaffected as always.
We already broke out of the triangle. We also just recently had a golden cross on the 6H EMA 21/55. That has happened two times before since this bull run started in October last year, and see what happened to the price after that (see the arrows on the charts for when that occurred).
Let's see how well this prediction will age. Hodlers unaffected as always.
You are absolutely right, a Descending triangle breakout is likely to happen and BTC could revisit 38K.
February 02, 2021, 08:55:37 PM
It looks like our consolidation is about to end. I think we are in for a big move any day now.
We already broke out of the triangle. We also just recently had a golden cross on the 6H EMA 21/55. That has happened two times before since this bull run started in October last year, and see what happened to the price after that (see the arrows on the charts for when that occurred).
Let's see how well this prediction will age. Hodlers unaffected as always.
We already broke out of the triangle. We also just recently had a golden cross on the 6H EMA 21/55. That has happened two times before since this bull run started in October last year, and see what happened to the price after that (see the arrows on the charts for when that occurred).
Let's see how well this prediction will age. Hodlers unaffected as always.
February 02, 2021, 07:50:08 PM
We need to earn on DEXes-that's the real way forward.
The "best" DEXes are on non-bitcoin chains / networks. You know it. I know it. But would you actually turn your BTC corns into something else? The "safest" is to just be a liquidity provider for the stable coins so you don't get any impermanent losses, since both of them will be almost at the same value for as long as you leave it there.
I mean, 1 USDT = 1 USDC = 1 DAI (or other dollar stablecoin) or very close to it.
I really do not see how it is possible to make money on staking and DeFi with gas being $50-100 for a transaction. The only way anyone will use a DEX is if they're trading millions.
I think atomic swaps, bisq and Lightning make more sense for a DEX. Lightning colored coins looked like a great solution for the ability to issue "tokens". Admittedly, my hope for Bitcoin as an every day currency is hampered by the high transaction fees. But LN creates the possibility. I also understand how difficult LN is as well.
Most people don't like them but I like Blockstream's Liquid solution for all of this. For the simple fact that they are practicing advanced Bitcoin features on their sidechain which includes Bitcoin native smart transactions.
For much of what we all talk about, the poor stock market, the poor system of governance in place right now, we need to have effective alternatives in place before we do any work to bring it all down. Otherwise an even worse solution will get implemented.
I had not even read your whole post before I was composing a "what about Liquid" response (human nature...)
But I honestly believe Adam Back and friends really really have set up a sleeper layer two solution that will most likely seem to come out of nowhere later this year or next.
Here's the beauty:
Cashapp, Bakkt, Paypal and friends? Custodian 100% trusted layer 2. Super smooth transactions... super vulnerable model.
Lightning? Trust minimized, smart contract based layer 2. Fast, Hard to use, doesn't always work (yet) not great for ginormous tx.
Liquid? Federated trust model. So, somewhere between the other two. Distributed. Hard to shut down. Multi jurisdictional. FAST, cheap... Much wow. Already working with tokens (USDT for example. I have a couple in my green wallet!)
All three have tradeoffs. Liquid might be closest to the sweet spot.
Future? Atomic swaps, bisq improvements, lightning improvements.. etc...
But does anyone else see the Liquid tradeoffs as kinda really good?
February 02, 2021, 07:40:54 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
You telling me that exposing yourself to a 700k loss on "memes" is not the traits of a sound trader?
Imagine the BTC he could have bought instead, lol.
I sent a guy a lot of bitcoin for the rights to the "Over 9000" meme.
I think it's probably about time I check with him to see how much money I made. I think it was probably a whole lot. That was going on for quite a while.
I may re-invest into the "that escalated quickly" meme.
Ah... I own that one... I will start the bidding at 2btc, but I guarantee it will *ahem* "go up fast"...
February 02, 2021, 07:32:30 PM
We need to earn on DEXes-that's the real way forward.
The "best" DEXes are on non-bitcoin chains / networks. You know it. I know it. But would you actually turn your BTC corns into something else? The "safest" is to just be a liquidity provider for the stable coins so you don't get any impermanent losses, since both of them will be almost at the same value for as long as you leave it there.
I mean, 1 USDT = 1 USDC = 1 DAI (or other dollar stablecoin) or very close to it.
I really do not see how it is possible to make money on staking and DeFi with gas being $50-100 for a transaction. The only way anyone will use a DEX is if they're trading millions.
I think atomic swaps, bisq and Lightning make more sense for a DEX. Lightning colored coins looked like a great solution for the ability to issue "tokens". Admittedly, my hope for Bitcoin as an every day currency is hampered by the high transaction fees. But LN creates the possibility. I also understand how difficult LN is as well.
Most people don't like them but I like Blockstream's Liquid solution for all of this. For the simple fact that they are practicing advanced Bitcoin features on their sidechain which includes Bitcoin native smart transactions.
For much of what we all talk about, the poor stock market, the poor system of governance in place right now, we need to have effective alternatives in place before we do any work to bring it all down. Otherwise an even worse solution will get implemented.
Just a quick search on how LN colored coins are doing these days and I found this impressive project:
https://github.com/LNP-BP/FAQ/blob/master/Presentation%20slides/RGB%20%26%20Spectrum%20explanation%20for%20business.pdf
February 02, 2021, 07:04:10 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
He got rich talking sports and shit online - somebody bought half of his company for a ton of money and let him continue to do as he was doing previously. He's got shitloads of money to waste - and I think he makes more money by publicly losing money.... and eating pizza with celebrities. I'm not a fan.
February 02, 2021, 06:59:49 PM
I hear that song on Coast to Coast AM all the time. Love it!
February 02, 2021, 05:38:37 PM
We need to earn on DEXes-that's the real way forward.
The "best" DEXes are on non-bitcoin chains / networks. You know it. I know it. But would you actually turn your BTC corns into something else? The "safest" is to just be a liquidity provider for the stable coins so you don't get any impermanent losses, since both of them will be almost at the same value for as long as you leave it there.
I mean, 1 USDT = 1 USDC = 1 DAI (or other dollar stablecoin) or very close to it.
I really do not see how it is possible to make money on staking and DeFi with gas being $50-100 for a transaction. The only way anyone will use a DEX is if they're trading millions.
I think atomic swaps, bisq and Lightning make more sense for a DEX. Lightning colored coins looked like a great solution for the ability to issue "tokens". Admittedly, my hope for Bitcoin as an every day currency is hampered by the high transaction fees. But LN creates the possibility. I also understand how difficult LN is as well.
Most people don't like them but I like Blockstream's Liquid solution for all of this. For the simple fact that they are practicing advanced Bitcoin features on their sidechain which includes Bitcoin native smart transactions.
For much of what we all talk about, the poor stock market, the poor system of governance in place right now, we need to have effective alternatives in place before we do any work to bring it all down. Otherwise an even worse solution will get implemented.
February 02, 2021, 05:35:20 PM
February 02, 2021, 05:27:36 PM
February 02, 2021, 05:25:30 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
You telling me that exposing yourself to a 700k loss on "memes" is not the traits of a sound trader?
Imagine the BTC he could have bought instead, lol.
I sent a guy a lot of bitcoin for the rights to the "Over 9000" meme.
I think it's probably about time I check with him to see how much money I made. I think it was probably a whole lot. That was going on for quite a while.
I may re-invest into the "that escalated quickly" meme.
February 02, 2021, 05:14:47 PM
anyway you can fit a 1/4 mile drag strip on one of the straightaways? bonus points if its your driveway too.
Actually, yes. The driveway will be *AT LEAST* serving as a straightaway 1/4 mile drag strip before hitting the bridge leading towards the main parcel of land.
Difficulty factor: Roaming, grazing cattle. Will need to find some way of making sure the cattle are completely isolated from the driveway and racetrack.
i always dreamed of having my own race track myself but i aint anywhere to the point i could pull one off lol. difficulty factor here is mainly deer jumping out from the treeline into the road/track and a LOT of blind corners (trees again) plus elevation changes to spice it up. and while i have a phrase about not needing brakes under my avatar brakes and handling would be key in any track i design.
looking forward to progress reports man (within opsec of course).
February 02, 2021, 05:03:07 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
Yeah the only difference between them really is that Portnoy is rich and mindrust is poor... but not for long soon they both will become poor...
Someone needs to shoot him a HFSP tweet.
February 02, 2021, 04:57:47 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
Yeah the only difference between them really is that Portnoy is rich and mindrust is poor... but not for long soon they both will become poor...
February 02, 2021, 04:55:52 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
You telling me that exposing yourself to a 700k loss on "memes" is not the traits of a sound trader?
Imagine the BTC he could have bought instead, lol.
February 02, 2021, 04:52:16 PM
That Portnoy guy is like, the worst investor I’ve seen since mindrust.
Makes you wonder how he got rich in the first place.
Makes you wonder how he got rich in the first place.
February 02, 2021, 04:45:45 PM
Now i'm even more bullish on GME
And to think this "trading genius" was crying over losing $25K in Bitcoin...
...and then selling it before it right before it did a three bagger. Lol.
He's probably all in Ripple.
I dont usually get any pleasure from seeing someone else do badly but I must admit that I had a little cheer on this post.
February 02, 2021, 04:35:30 PM
We need to earn on DEXes-that's the real way forward.
The "best" DEXes are on non-bitcoin chains / networks. You know it. I know it. But would you actually turn your BTC corns into something else? The "safest" is to just be a liquidity provider for the stable coins so you don't get any impermanent losses, since both of them will be almost at the same value for as long as you leave it there.
I mean, 1 USDT = 1 USDC = 1 DAI (or other dollar stablecoin) or very close to it.
However, stablecoins negate the anti-inflation, store of value function that is probably bitcoin's first strength right now.
Even so, I doubt anyone gives 5%-10% yearly interest for any stablecoin.
Jump to: