Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7445.

Icygreen

legendary

Activity: 1464

Merit: 1136

Quote from: BobLawblaw on July 19, 2020, 06:31:28 AM

Quote from: Icygreen on July 18, 2020, 11:23:04 PM

Benzos

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.

Certainly NOT a jab but I see where the comment could be taken personal, It's not personal, its an observation of irrational emotional swings which remind me of my own family members whom are dependent on the same stuff. Cry

Believe it or not Bob, there are people who genuinely care about your well being and participation in our lives here.

Still the same old Bob? I'll admit, sodomizing JJG didn't raise too many eyebrows but now that the rusty baton is making its rounds on the WO... And Mic, a guy who exudes nothing but camaraderie, goodwill and trust?
As we witness Bob set ablaze the pyre of his words, we recount the time we shared and feel sad and confused for our loss while trying to make sense of it all. Cry

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Bent as a nine-bob
note. Black as the Ace of Spades.
Our Texan cowboy.

JimboToronto

legendary

Activity: 4284

Merit: 5206

You're never too old to think young.

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!

Quote from: ivomm on July 18, 2020, 04:41:18 PM

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.

rolling

hero member

Activity: 824

Merit: 712

Quote from: kellrobinson on July 19, 2020, 08:19:07 AM

Quote from: LFC_Bitcoin on 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.

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.
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.

kellrobinson

sr. member

Activity: 304

Merit: 380

Quote from: LFC_Bitcoin on 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.

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.
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.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

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.

kellrobinson

sr. member

Activity: 304

Merit: 380

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

Indymoney

full member

Activity: 896

Merit: 236

Quote from: d_eddie on July 19, 2020, 07:52:37 AM

Quote from: vapourminer on July 18, 2020, 11:34:34 AM

Quote from: LFC_Bitcoin on July 18, 2020, 11:22:01 AM

Quote from: d_eddie on July 18, 2020, 09:53:56 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.

Hope you're right! I can't wait to change this hat.

In September 15000$ is really great as many good things coming so its good for them.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: vapourminer on July 18, 2020, 11:34:34 AM

Quote from: LFC_Bitcoin on July 18, 2020, 11:22:01 AM

Quote from: d_eddie on July 18, 2020, 09:53:56 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.

Hope you're right! I can't wait to change this hat.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

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.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: BobLawblaw on July 19, 2020, 06:31:28 AM

Quote from: Icygreen on July 18, 2020, 11:23:04 PM

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??

d_eddie

legendary

Activity: 2520

Merit: 3038

The corn can't stay still
something's gonna happen soon
got ADHD

#haiku

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Quote from: gentlemand on 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

We are going to burn the podium dancers? haven't they suffered enough in this panamacademic

BobLawblaw

legendary

Activity: 1869

Merit: 5781

Neighborhood Shenanigans Dispenser

Quote from: Icygreen on July 18, 2020, 11:23:04 PM

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.

AlcoHoDL

legendary

Activity: 2590

Merit: 4839

Addicted to HoDLing!

Fewer hats too... Just quickly browsing...

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Let bitcoin have a run then everything else will disappear.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: BitcoinGirl.Club on July 19, 2020, 05:55:42 AM

[...]
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.

BitcoinGirl.Club

legendary

Activity: 2800

Merit: 2736

Farewell LEO: o_e_l_e_o

Quote from: cAPSLOCK on July 18, 2020, 07:27:32 PM

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?

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

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

Globb0

legendary

Activity: 2702

Merit: 2053

Free spirit

Peace

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7445. (Read 26730982 times)