Bent as a nine-bob
note. Black as the Ace of Spades.
Our Texan cowboy.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7321. (Read 26709357 times)
July 19, 2020, 09:22:41 AM
July 19, 2020, 08:55:23 AM
Good morn Bitcoinland.
Nine one sixty-six dollars
(Bitcoinaverage).
Welcum back Lawblaw
I see they left your merits...
Merits well deserved.
Hold your head up high:
Nolite te bastardes
Carborundorum!
We had some pretty good page crashes at milestones like 10k pages, but the biggest was when Ritchy_t rage quit and took Chartbuddy with him.
No sweat. WO keeps trudging on.
Nine one sixty-six dollars
(Bitcoinaverage).
Welcum back Lawblaw
I see they left your merits...
Merits well deserved.
Hold your head up high:
Nolite te bastardes
Carborundorum!
Jeez, what happened? Such a page crash I've never seen in WO before! Several hudred pages I think. Are we under a hacker attack? Are all old posts SAFU?
We had some pretty good page crashes at milestones like 10k pages, but the biggest was when Ritchy_t rage quit and took Chartbuddy with him.
No sweat. WO keeps trudging on.
July 19, 2020, 08:53:53 AM
kellrobinson, the base trend was pierced because people panicked about an unprecedented (in our lifetime) global pandemic. We recovered from people panic dumping very quickly & it’s now history. It was a totally isolated point & likely won’t happen again.
There’s definitely at least one more parabolic, face melting blowoff top for bitcoin.
In the next year or two, there isn't a hell of a lot of difference between the parabolic regression forecast (yellow) and the logistic regression forecast (blue). By that time, there will be occasion to re-evaluate anyway.There’s definitely at least one more parabolic, face melting blowoff top for bitcoin.
I think corn go up, probably another crazy FOMO boom, but FOMO not guaranteed.
I'm re-evaluating my projections based on a seat-of-the-pants feeling. The parabolic regression's projection just looks too steep.
The logistic probably isn't steep enough.
Remember y'all, these are minima traces.
So hungry honey badger gonna jump up and come down to rest sooner or later between those yellow and blue lines.
Lotta real estate between those lines, going out into the future. Can't be precise with this kind of stuff.
My two dinars.
I'd like to see how that looks with a terminal price of around $10Million rather than $500k. That's the price it needs to get to in order to be useful on a global scale. If it stops at $500k then it has failed and would likely go back to something much lower.
July 19, 2020, 08:19:07 AM
kellrobinson, the base trend was pierced because people panicked about an unprecedented (in our lifetime) global pandemic. We recovered from people panic dumping very quickly & it’s now history. It was a totally isolated point & likely won’t happen again.
There’s definitely at least one more parabolic, face melting blowoff top for bitcoin.
In the next year or two, there isn't a hell of a lot of difference between the parabolic regression forecast (yellow) and the logistic regression forecast (blue). By that time, there will be occasion to re-evaluate anyway.There’s definitely at least one more parabolic, face melting blowoff top for bitcoin.
I think corn go up, probably another crazy FOMO boom, but FOMO not guaranteed.
I'm re-evaluating my projections based on a seat-of-the-pants feeling. The parabolic regression's projection just looks too steep.
The logistic probably isn't steep enough.
Remember y'all, these are minima traces.
So hungry honey badger gonna jump up and come down to rest sooner or later between those yellow and blue lines.
Lotta real estate between those lines, going out into the future. Can't be precise with this kind of stuff.
My two dinars.
July 19, 2020, 08:13:51 AM
kellrobinson, the base trend was pierced because people panicked about an unprecedented (in our lifetime) global pandemic. We recovered from people panic dumping very quickly & it’s now history. It was a totally isolated point & likely won’t happen again.
There’s definitely at least one more parabolic, face melting blowoff top for bitcoin.
There’s definitely at least one more parabolic, face melting blowoff top for bitcoin.
July 19, 2020, 07:56:35 AM
March 12 saw a steep crash that pierced the base trend.
There's no compelling reason to think bitcoin will stay above the red square root line. The curve fits bitcoin's price history, but the goodness of fit to past data doesn't mean that bitcoin will continue trending above the line. Looking far enough into the future, bitcoin's total market value will have to taper off; society simply doesn't have infinite wealth to support the unbounded value expansion depicted by the parabolic curve on the log chart.
Generally, the exponential growth that new technologies exhibit early tapers off on a logistic curve. (The logistic function was developed in the nineteenth century to model population growth.) Wikipedia has a concise description of logistic growth.
The initial stage of growth is approximately exponential (geometric); then, as saturation begins, the growth slows to linear (arithmetic), and at maturity, growth stops.
The following chart compares parabolic regression and logistic regression on data (red) that hew closely to bitcoin's minima. I'm expecting bitcoin's future base trend to fall between.
Regression on the red data in this chart
There's no compelling reason to think bitcoin will stay above the red square root line. The curve fits bitcoin's price history, but the goodness of fit to past data doesn't mean that bitcoin will continue trending above the line. Looking far enough into the future, bitcoin's total market value will have to taper off; society simply doesn't have infinite wealth to support the unbounded value expansion depicted by the parabolic curve on the log chart.
Generally, the exponential growth that new technologies exhibit early tapers off on a logistic curve. (The logistic function was developed in the nineteenth century to model population growth.) Wikipedia has a concise description of logistic growth.
The initial stage of growth is approximately exponential (geometric); then, as saturation begins, the growth slows to linear (arithmetic), and at maturity, growth stops.
The following chart compares parabolic regression and logistic regression on data (red) that hew closely to bitcoin's minima. I'm expecting bitcoin's future base trend to fall between.
Regression on the red data in this chart
July 19, 2020, 07:54:43 AM
My SOMA analysis system is itching. Something is going to happen soon, price-wise. My money is on a quick leg up, not overwhelming but definite.
$11,000 by September
prolly more like up to 15k then down to 11k by september. you all know how much fun honey badger like to have fun when it wants.
July 19, 2020, 07:52:37 AM
My SOMA analysis system is itching. Something is going to happen soon, price-wise. My money is on a quick leg up, not overwhelming but definite.
$11,000 by September
prolly more like up to 15k then down to 11k by september. you all know how much fun honey badger like to have fun when it wants.
July 19, 2020, 07:47:50 AM
Everybody has lost the plot due to covid lockdowns, bitcoin doing literally nothing but limping along sideways etc.
I have to admit my own mental health has been affected during this testing time for all.
Everybody just needs to chill though, I won’t say my opinions on the virus as many don’t agree but life will soon return to normal. The BTC price will move upwards soon, we haven’t seen any effect of the halving on the market yet, it was the same at this point after the 2016 halving, boring as fuck. It takes a while for the reduced amount of newly mined coins to be reflected in the price.
Miners having less coins to dump on exchanges will tell soon, it has to.
We all just need to be patient & keep our stress/anxiety levels down. Everything is going to be fine, keep on HODLING, at the end of the storm, there’s a golden sky.
I have to admit my own mental health has been affected during this testing time for all.
Everybody just needs to chill though, I won’t say my opinions on the virus as many don’t agree but life will soon return to normal. The BTC price will move upwards soon, we haven’t seen any effect of the halving on the market yet, it was the same at this point after the 2016 halving, boring as fuck. It takes a while for the reduced amount of newly mined coins to be reflected in the price.
Miners having less coins to dump on exchanges will tell soon, it has to.
We all just need to be patient & keep our stress/anxiety levels down. Everything is going to be fine, keep on HODLING, at the end of the storm, there’s a golden sky.
July 19, 2020, 07:43:17 AM
Benzos 
You and Mic can go sodomize yourselves with the same length of rusted pipe going around, you retarded fucks.
This is an absolute repugnant asshole comment meant nothing more as a pointed jab, rooted in complete ignorance.
It's almost like you guys are pretending I'm a different person or something right now.
I'm still the same old Bob.
?? So.... ?? What did I have done wrong?? July 19, 2020, 07:18:58 AM
The corn can't stay still
something's gonna happen soon
got ADHD
#haiku
something's gonna happen soon
got ADHD
#haiku
July 19, 2020, 07:07:50 AM
Careful, everybody.
This is clearly a delicate and volatile time with everyone's cards looking to fall.
Look to yourself, not to others.
If mass hysteria descends we end up with THIS
This is clearly a delicate and volatile time with everyone's cards looking to fall.
Look to yourself, not to others.
If mass hysteria descends we end up with THIS
We are going to burn the podium dancers? haven't they suffered enough in this panamacademic
July 19, 2020, 06:31:28 AM
Benzos
You and Mic can go sodomize yourselves with the same length of rusted pipe going around, you retarded fucks.
This is an absolute repugnant asshole comment meant nothing more as a pointed jab, rooted in complete ignorance.
It's almost like you guys are pretending I'm a different person or something right now.
I'm still the same old Bob.
July 19, 2020, 06:27:38 AM
Fewer hats too... Just quickly browsing...
July 19, 2020, 06:13:56 AM
Let bitcoin have a run then everything else will disappear.
July 19, 2020, 06:10:16 AM
[...]
Did anyone notice WO is awfully quiet? What is happening?
Did anyone notice WO is awfully quiet? What is happening?
The WO might have forked and we are unknowingly on the minority chain. It might as well just be JJG taking a little break.
July 19, 2020, 05:55:42 AM
Huge loss though. I think of him as part of the WO's soul.
He IS indeed one of the soul of this entire WO history.Did anyone notice WO is awfully quiet? What is happening?
July 19, 2020, 05:43:41 AM
Careful, everybody.
This is clearly a delicate and volatile time with everyone's cards looking to fall.
Look to yourself, not to others.
If mass hysteria descends we end up with THIS
This is clearly a delicate and volatile time with everyone's cards looking to fall.
Look to yourself, not to others.
If mass hysteria descends we end up with THIS
July 19, 2020, 05:23:23 AM
Peace
July 19, 2020, 04:08:21 AM
I think we should now leave Bob alone for a bit.
In case of still any doubt @jack likes Bitcoin:
https://twitter.com/jack/status/1283169859233214465
(and of all the things that could be mentioned in his likely often viewed Twitter profile is #bitcoin BTC)
In case of still any doubt @jack likes Bitcoin:
https://twitter.com/jack/status/1283169859233214465
(and of all the things that could be mentioned in his likely often viewed Twitter profile is #bitcoin BTC)
He’s a peasant Jr. Member again now, he doesn’t deserve attention (joking Bob, love you #nohomo).
@jack is a true bitcoin bro, imagine if he came here
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