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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7345. (Read 26708098 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
"alt-season" really is not a bad thing for Bitcoin.  

I pretty much agree with everything you said in that above-linked post, cAPSLOCK, but why you need to throw in this above stupid-ass line that is making a positive value judgement upon shitcoins rather than either staying descriptive or bashing upon shitcoins which would be a seemingly more proper etiquette in regards to addressing what is likely to be a nearly inevitable shitcoin pumpening phenomenon - largely based on the reasons that you had already outlined in that post?  

There seem to be ways to make those same kinds of statements regarding shitcoins in a descriptive way rather than seeming to wanna suck the shitcoin dick way (if there is any such meaningful dick there.. you may need a magnifying glass for your dick suckening efforts.. or perhaps (not speaking from experience) just pucker your lips really tightly?).. #nohomo   Cheesy Cheesy Cheesy Cheesy Cheesy

I guess my basic thought there is Honey Badger does not care.  He can go into the house of bees and won't even notice if he's stung.

Sure.  Goes without saying that honey badger does not care, but do we really need any positive talk of shitcoins in this thread?

You know any kind of positive talk whatsoever devolves into shitcoin pumpening or comparing and contrast of which shit coin is less shitty...

ain't nobody got time for that....



even in this thread in which it seems that we have lots of time, anything positive about shitcoin devolves into unnecessary clutter and ambiguity..

Some people actually believe some alts have value. 

Of course.  But why talk about it here, even if it is possible?

A small percentage of those actually have a good argument. 

Again?  Relevance here? Does it really help to keep this thread from devolving into shit to be playing around with those kinds of possible nuances?

Most of the others are "blockchain: the tech behind bitcoin" DeFi type lemmings *cough* Laura Shin *cough*.

It's not like I don't know what you are saying. There are considerable likelihoods of getting inadvertently sucked into those kinds of topics with a lot of frequency when listening to various podcasts or attempting to absorb various media content, but that does not seem to be an argument that we should not at least attempt to have some kicking and screaming when members try to pull that seemingly unnecessary shit here.  We already have enough of that with trolls and newbies who are confused, so why should more senior members be perpetuating that same kind of ambiguity and muddiness in these here parts?

And SOME people will simply take advantage of an alt boom to harvest more BTC from fools.

Nothing wrong with that... just don't need to talk about it here.  It is not like it is a BIG FUCKING secret that there are ways to make money off of shit, but where the fuck do you think that is going to lead us, if we start to believe that every little time some guy pulls in profits here or there on some shitcoin starts to brag up that bullshit in this thread?  And so fucking what that he was able to buy more BTC with that trading?

If s/he feels like rejoicing about how much money that s/he made on x, y or z shitcoin (beyond just incidentally mentioning it), then why not rejoice in the ANN section.. there are plenty of those shitty threads rejoicing about various shitcoins m,n &o on a regular basis, and they may also be rejoicing about x,y &z too if you bring it up... and make some shitcoin buddies.. why should we give any shits here?  You may even be able to rub elbows with Roger, craig, calvin, peter, gavin and a few other notables that do not spend too much time in this here thread (thank god).

it is what it is.. I do not make much value judgments here. 

And, that is why you decided to make positive statements about shitcoins because you want to be lazy and you really want to talk about shitcoins here.. damned everyone else who are trying to keep that sheeeeeet out.. you are wanting to make an exception for ur special lil snowflake selfie.

I do not know the future, but have placed my bets according to my own thoughts and values.

Of course, there is no problem making various allocations in your portfolio that are not about bitcoin.  There are not too many nutjobs who go completely bitcoin, and again sometimes we even talk about our various ways about allocating, which might even involve some shitcoins (without either devolving into shitcoin pumpening or spending too much time on such likely-to-devolve topic of shitcoins).  Furthermore, it might be understandable that a younger investor might either take more risks and include shitcoins in his/her investments, but still seems to be quite problematic to get into some of those details in this particular thread.. same thing with talking about various PMs such as gold.. sure there can be some relevance, in this thread to talking about gold in small doses, but it just has a tendency to devolve, so better to just say fuck gold.. so that those topics do not go too far afield here..  and in the end, no one is likely to stop a high ranking member like you from bringing up shittopics, and you likely will get a lot of leeway too, but is there any real value in just unnecessarily stirring shit about any of these kinds of topics rather than just mentioning them in passing or taking them to another thread if you want to get all hot and bothered by a topic that is problematic in a thread like this?
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a takeout.
Don't get me wrong, I am holding either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

I think there is a greater than usual chance for this rally to still have legs.  Both because of how the entire sector is acting, AND how the BTC chart looks.  This stands to be more than just a little bullrun it LOOKS like a breakout.

That said i have no effing idea... and it certainly COULD be a bulltrap.  If so I'd expect us to drop hard.

One scenario for this is if we see NASDAQ, S&P etc confirm a dead cat, which they are primed to do.  If THAT happens then we either fall with them, or we confirm a decoupling.  unfortunately history favors the former.

But with the Fed using up all the zeros we might just see the markets keep brrrring up.

That is a win/win scenario for bitcoin I think.
hero member
Activity: 786
Merit: 857
We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
A proper run at $10,000 now would be really bullish & most fucking welcome. It’s about time we started a slow grind up to $15,000 or something before 2021.
legendary
Activity: 1722
Merit: 2213
With volume so far, too.

If this is not a bull trap, I think it's fairly significant.



Likewise. The VPVR POC is now around $9,450 (on Bitstamp) where price is, as opposed to approximately $9,500 where it was only yesterday, so we are still at some notable resistance. Coinbase's VPVR is now around $9,300, that changed as of yesterday too it seems, being back above this level has suddenly become significant it seems.
I'd assume a 4hr close confirms breaking the resistance trend-line, more relevantly a Daily close above $9,376 would be back above the 50 Day MA too  Cool

what is VPVR?

POC?
VPVR = Volume Profile Visible Range

"Volume Profile Visible Range. ... It displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period"

POC = Point of Control

You can use both of them in Tradingview


Thanks for covering me, I realise I should explain acroynms better, but I was being lazy  Tongue

Red line is the point of control, the histogram bar where most volume/trading has occurred:



Re previous post, closing above $9,420 is as important imo. Expected retracement of a dead at bounce is to the 0.618 fib (before trend continues), which we are unfortunately currently struggling to close above in the next 12 minutes. Not that we'd need to close above it with the current candle, but for me the bear channel, 200 MA, 0.618 fib retracement & VPVR POC (larger time-frame) is the confluence of resistance (x4) I'm looking at on this time frame. A break of the bearish channel simply isn't enough.


legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Here is another way to say something I have been trying to say...

When you look at goofy coins like DOGE and XRP and see that they have multiple steps up preceding this move by BTC, it makes me think that the chances of the below turning into a "Bart" are lower than usual.



If i start saying "Alts are the lungs of Bitcoin" I give you all permissions to light me on fire.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
And SOME people will simply take advantage of an alt boom to harvest more BTC from fools.

This
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
"alt-season" really is not a bad thing for Bitcoin.  

I pretty much agree with everything you said in that above-linked post, cAPSLOCK, but why you need to throw in this above stupid-ass line that is making a positive value judgement upon shitcoins rather than either staying descriptive or bashing upon shitcoins which would be a seemingly more proper etiquette in regards to addressing what is likely to be a nearly inevitable shitcoin pumpening phenomenon - largely based on the reasons that you had already outlined in that post?  

There seem to be ways to make those same kinds of statements regarding shitcoins in a descriptive way rather than seeming to wanna suck the shitcoin dick way (if there is any such meaningful dick there.. you may need a magnifying glass for your dick suckening efforts.. or perhaps (not speaking from experience) just pucker your lips really tightly?).. #nohomo   Cheesy Cheesy Cheesy Cheesy Cheesy

I guess my basic thought there is Honey Badger does not care.  He can go into the house of bees and won't even notice if he's stung.

Some people actually believe some alts have value.  A small percentage of those actually have a good argument.  Most of the others are "blockchain: the tech behind bitcoin" DeFi type lemmings *cough* Laura Shin *cough*.

And SOME people will simply take advantage of an alt boom to harvest more BTC from fools.

it is what it is.. I do not make much value judgments here.  I do not know the future, but have placed my bets according to my own thoughts and values.
JL0
full member
Activity: 817
Merit: 158
Bitcoin the Digital Gold
With volume so far, too.

If this is not a bull trap, I think it's fairly significant.



Likewise. The VPVR POC is now around $9,450 (on Bitstamp) where price is, as opposed to approximately $9,500 where it was only yesterday, so we are still at some notable resistance. Coinbase's VPVR is now around $9,300, that changed as of yesterday too it seems, being back above this level has suddenly become significant it seems.
I'd assume a 4hr close confirms breaking the resistance trend-line, more relevantly a Daily close above $9,376 would be back above the 50 Day MA too  Cool

what is VPVR?

POC?
VPVR = Volume Profile Visible Range

"Volume Profile Visible Range. ... It displays trading activity over a specified period and plots a histogram on the chart which reveals dominant and significant price levels based on volume and in essence gives a clear indication of Supply or demand at a certain price rather than volume in a certain period"

POC = Point of Control

You can use both of them in Tradingview
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
With volume so far, too.

If this is not a bull trap, I think it's fairly significant.



Likewise. The VPVR POC is now around $9,450 (on Bitstamp) where price is, as opposed to approximately $9,500 where it was only yesterday, so we are still at some notable resistance. Coinbase's VPVR is now around $9,300, that changed as of yesterday too it seems, being back above this level has suddenly become significant it seems.
I'd assume a 4hr close confirms breaking the resistance trend-line, more relevantly a Daily close above $9,376 would be back above the 50 Day MA too  Cool

what is VPVR?

POC?
legendary
Activity: 1722
Merit: 2213
With volume so far, too.

If this is not a bull trap, I think it's fairly significant.



Likewise. The VPVR POC is now around $9,450 (on Bitstamp) where price is, as opposed to approximately $9,500 where it was only yesterday, so we are still at some notable resistance. Coinbase's VPVR is now around $9,300, that changed as of yesterday too it seems, being back above this level has suddenly become significant it seems.
I'd assume a 4hr close confirms breaking the resistance trend-line, more relevantly a Daily close above $9,376 would be back above the 50 Day MA too  Cool
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
"alt-season" really is not a bad thing for Bitcoin.  

I pretty much agree with everything you said in that above-linked post, cAPSLOCK, but why you need to throw in this above stupid-ass line that is making a positive value judgement upon shitcoins rather than either staying descriptive or bashing upon shitcoins which would be a seemingly more proper etiquette in regards to addressing what is likely to be a nearly inevitable shitcoin pumpening phenomenon - largely based on the reasons that you had already outlined in that post?  

There seem to be ways to make those same kinds of statements regarding shitcoins in a descriptive way rather than seeming to wanna suck the shitcoin dick way (if there is any such meaningful dick there.. you may need a magnifying glass for your dick suckening efforts.. or perhaps (not speaking from experience) just pucker your lips really tightly?).. #nohomo   Cheesy Cheesy Cheesy Cheesy Cheesy
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it


Bitstamp
https://www.ibtimes.com/bitstamp-bitcoin-wallet-moved-1-billion-btc-only-paid-048-fees-3003501

Quote
the transaction showed the cost-efficiency in moving large amounts of money when it was transferred with just a $0.48 transaction fee. According to The Fee Calculator, sending that amount via PayPal will net a charge worth $27 million.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
I find it weird/interesting that the current alt-boom that it seems to be the shittiest of shit-coins that are really headed north.  It looks to me currently that the more "blue-chip" sort of alts (I know some of you are bleeding from the eyes now) are not enjoying the gains that more ridiculous alts are.

I am not anti alt boom, nor do I think dominance is a very meaningful metric.  I also think some alts are going to rise with Bitcoin in this cycles bull market similar to last time.

I also think in the end bitcoin devours just about all but possibly a few of the alt-coins, and maybe even those...

But I do not think we are done with people speculating on the other blockchains.  Especially since we will have people who are 100% brand new starting to flood in.

All the "Bitcoin already is too expensive", "Bitcoin doesn't have these features", "Bitcoin is old tech", "This is the new bitcoin" arguments are going to work on the new crop of people just that they did on the previous generations, including many of us. Smiley

I don't want to get shunned out of this thread, but "alt-season" really is not a bad thing for Bitcoin.  Neither will be the eventual "altpocalypse".
legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
Good morning Bitcoinland.

Creeping up again to the mid-$9xxx range... currently $9429USD/$12775CAD (Bitcoinaverage).

Summer doldrums roll along. At least we're not dropping.

Go Bitcoin go.
legendary
Activity: 2145
Merit: 1660
We choose to go to the moon
yeah well I remember $1000 pumps.

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Altcoins Marketcap Dominance is rising fast  Shocked


Source : tradingview.com
 
Bitcoin Marketcap Dominance : 62,8% (yesterday 63,5%)

If this continues we will be looking at a fullblown Altcoins Season and perhaps at the same time a further sideways moving of the Bitcoin price
(as more and more investors diversify into Altcoins).

I doubt that very many members, who are active in this particular thread, give too many fucks about either the direction of the misleading bitcoin dominance indicator or even that a shitcoin season might end up happening again.....

Sure some of us might become a bit distracted by that misleading bitcoin dominance indicator/shitcoin pumpening season nonsense, and I see little reason to spend much if any time on such a distracting and difficult to figure out fluff topic, including either devolving into questioning which coin might happen to be king daddy (the dog or the tail) or distracted into get-rich-quick fantasies that may or may not materialize through trying to guess which of the less shitty of the shitty-ass coins is the least less shitty and has the greatest of the various other indicator pumpamentals (and possibilities to not get caught holding the bag).... surely not fundamentals in any of the shitcoins like exist with our beloved king daddy dog (not king daddy tail)

In other words, fuck that shit.   Roll Eyes Roll Eyes

With volume so far, too.

If this is not a bull trap, I think it's fairly significant.




Why would lines on a screen matter?

 Roll Eyes Roll Eyes
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
With volume so far, too.

If this is not a bull trap, I think it's fairly significant.

legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
Halvenings are not what they used to be.

We're on the launch pad for a large move upwards. So, so close.....

Tee hee.
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