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

[JayJuanGee]

Are you assuming that we need "one last BIG correction"? 

I'm not assuming that much, but that's what my gut tells me through... well, that's advanced SOMA stuff 

Fair enough, and really in sum it sounds as if you have quite a bit stronger view about the probability of down than I do, but in the end, on a personal preparation level (financially and psychologically) I don't really care that much about whether we have additional down.  Sure, I profit more with UPwards price movements, but like we discussed several times, we have to attempt to figure out ways to set our orders in such a way that we can get some advantage(s) from any price movement that happens.

I'm glad I followed my gut by shorting. I managed to stash some away and with this little climb I'm still well in the green even with the play money I left on the table.

I agree that it is a good thing for you, and it is a good thing that you found a plan that you were able to tailor to your own comfort level....  For myself, I have some curiousity about how shorting plays out for others, but I have no compelling reason to change my own practice because what I do feels really good for me.  I did go out and buy a couple of nice things in the past few weeks, so my bitcoin strategy is not taking away from my treating of myself.  By the way, I recall that you took a sufficiently modest short that was an attempt to prepare for price movements in either direction, which is a good thing to do.   Perhaps on reflection you want to tell yourself to play bigger on the next short that you take in similar circumstances (and that could end up playing out in a different way... A lot of shorters do get reckt, so hopefully there are ways to act in moderation in order to not wipe out your profits with any future shorts that you might take - and more likely to be true if you continue to play them in moderation rather than getting greedy.

My final point, however, was the admission that for all we know, the badger might well not give a single fuck what we or anybody else thinks or feels.

I do not engage in these kinds of discussions in order to find out how people feel, but instead to brainstorm differing perspectives.  Yes, largely I have developed plans for myself that play out no matter the price direction and no matter what other people think or feel, but in the end on the margins, we can still learn by sharing ideas with other peeps... and some other peeps are going to profit from our sharing of knowledge (and experiences) too.  Don't get me wrong, I am largely in agreement with you... which is that I doubt that my input or the input of others in this thread causes BTC price action(s), but we still have the ability to profit from participating in such thread discussions, even if seemingly repetitive.

[Anon136]

6800

I don't think there are too many people up to celebrate with you right now but I will. Cheers.

[Wekkel]

6800

I don't think there are too many people up to celebrate with you right now but I will. Cheers.

The 6800 has been a barrier lately. Breaking it would be a bullish signal. But a fail to break it would spoil our summer party.

[jojo69]

OK

Dungeon Master Bob in a robe and pointy hat got a hearty chuckle out of me.

merit

[DaRude]

And if that each person wanted to make just 32 transactions to different people bcash would need 30yrs to process that. Think about that!

I have thought about that. Today, that is indeed the case. Or even maybe longer - as 32MB is the currently supported max, which is subject to miners' decisions to create blocks smaller than max.

Which is, of course, why there has been discussion within the BCH development community -- for as long as there has been a BCH -- on other orthogonal approaches to scaling.

So while true today, it will be false for some value of 'tomorrow'.

In the meantime, BCH is not suiciding itself for the sake of some illusory benefit of 'decentralization' along some axis that is entirely irrelevant.

Orthogonal?

Yes. Do you understand the term? In this case, meaning scaling in a manner unrelated to the max block size.

You mean like side chains!

Sidechainy things are within the universe of things being discussed, though certainly not exclusively, nor even leadingly.

WTF that wasn't in Satoshi's white paper!!!

Point?

Wait so you're saying that different solutions might come in the future so time and resources are better spent on near term issues

In a manner of speaking, yes. Time tested engineering principles focus on the bang-for-the-buck solutions. Always.

However, it is not 'might come'. We know of several scaling solutions orthogonal to increasing the max block size. The discussions underway are focused upon cost/benefit analysis. Or alternately risk/benefit analysis. You know - the essence of engineering.

Reread that ^ few times, and then read your initial troll post about it taking 30yrs to transfer BTC to every human on earth. And then try really really REALLY hard to continue to troll as if you don't see the parallels

[Phil_S]

The daily 200 MA is falling pretty steeply these days. At this rate, it won't be much longer until it encounters the 50 MA for a golden cross.

Assuming the 50 MA flattens out around current prices, this would bring us to mid-September-ish. This is how it played out the last time we had a golden cross in 2015: the 200 MA fell to meet a flat 50 MA.

200 MA fall would slow down, pretty soon. It would be just barely under $8000 in September. It might even stop there...

We would be very lucky if the price (let alone 50 MA) reaches $8000 in September.

[JayJuanGee]

The daily 200 MA is falling pretty steeply these days. At this rate, it won't be much longer until it encounters the 50 MA for a golden cross.

Assuming the 50 MA flattens out around current prices, this would bring us to mid-September-ish. This is how it played out the last time we had a golden cross in 2015: the 200 MA fell to meet a flat 50 MA.

200 MA fall would slow down, pretty soon. It would be just barely under $8000 in September. It might even stop there...

We would be very lucky if the price (let alone 50 MA) reaches $8000 in September.

You are a party poop, Phil.   

[Anon136]

OK

Dungeon Master Bob in a robe and pointy hat got a hearty chuckle out of me.

merit

Don't encourage him!

[HairyMaclairy]

After watching Trump suck Putin’s dick today on global tv I don’t feel like harassing any conservatives today. I just feel sorry for y’all.  

Starts at 30 seconds:  https://twitter.com/kylegriffin1/status/1018888078134476802?s=21

[Phil_S]

Remember "Wanted for Treason" poster from 1963?

"He is befriending our enemies (Russia etc)".



History goes full circle.

[HairyMaclairy]

Remember "Wanted for Treason" poster from 1963?

"He is befriending our enemies (Russia etc)".



History goes full circle.

Yes that pamphlet was from the John Birch society which was alt-right before it was cool to be alt-right.

So it’s the conservatives fucking up yet again.

[Phil_S]

Yes and now the left is crying "Treason" because "He is befriending our enemies (Russia etc)" instead of starting WW3, as any responsible President should.

[HairyMaclairy]

Well if peace means surrender, including siding with Putin against the findings of the Republican controlled Senate Intelligence Committee, then yes. After all, there’s nothing wrong with cock sucking. I’m sure many find it quite tasty. I certainly hope my wife does.

[mymenace]

Why the continued psyop program, or are you really brainwashed


the gig is up



the central banks are being eliminated by the patriot banner and global partners

[Phil_S]

Well if peace means surrender

Hmm... no it doesn't. Peace means peace.

[Last of the V8s]

[somac.]

Well if peace means surrender, including siding with Putin against the findings of the Republican controlled Senate Intelligence Committee, then yes. After all, there’s nothing wrong with cock sucking. I’m sure many find it quite tasty. I certainly hope my wife does.

Holy shit man, are you serious? USA and Russia are the 2 biggest nuclear powers in the world, if you don't want peace and nice relations between them you are fucking twisted. "Peace means surrender" wow, just wow.

USA intelligence is the thing you distrust the most of anything. Weapons of Mass destruction, bay of pigs, drug running, overthrowing of democratically elected governments, hunter of whistleblowers, and many more insanely horrible acts against world peace. But as soon as Trump indicates they may be wrong or not 100% honest, Trump is the bad guy. Blows my mind.

There's a BBC documentary called the "century of the self" I suggest you watch it in full.

Edit: You need to drop this right vs left conservative vs progressive bullshit. It will prevent you from seeing what is right and wrong.

[mymenace]

Well if peace means surrender, including siding with Putin against the findings of the Republican controlled Senate Intelligence Committee, then yes. After all, there’s nothing wrong with cock sucking. I’m sure many find it quite tasty. I certainly hope my wife does.

Holy shit man, are you serious? USA and Russia are the 2 biggest nuclear powers in the world, if you don't want peace and nice relations between them you are fucking twisted. "Peace means surrender" wow, just wow.

USA intelligence is the thing you distrust the most of anything. Weapons of Mass destruction, bay of pigs, drug running, overthrowing of democratically elected governments, hunter of whistleblowers, and many more insanely horrible acts against world peace. But as soon as Trump indicates they may be wrong or not 100% honest, Trump is the bad guy. Blows my mind.

There's a BBC documentary called the "century of the self" I suggest you watch it in full.

Edit: You need to drop this right vs left conservative vs progressive bullshit. It will prevent you from seeing what is right and wrong.

gonna be weird when people wake up and see it was never black or white, red or blue,

it is about being transparent or corrupt, centralized or decentralized and it works every time

[somac.]

gonna be weird when people wake up and see it was never black or white, red or blue,

it is about being transparent or corrupt, centralized or decentralized and it works every time

People are not going to wake up when they are still willing to be told what is right and wrong by other people rather than thinking for themselves. This is why I mentioned that particular documentary, because it delves into that, which Hairy could benefit from listening to.

[Hueristic]

As times change, your methods may need to change, too.

  I think we ate at the same restaurant today!

HAH, that was my first thought as well!

100

WoooWee.

Remember "Wanted for Treason" poster from 1963?

"He is befriending our enemies (Russia etc)".



History goes full circle.

Yes that pamphlet was from the John Birch society which was alt-right before it was cool to be alt-right.

So it’s the conservatives fucking up yet again.

I remember when work blocked that site in the 90's, I had just gone to check it out and the next day it was blocked (tagged as hate speech). Lol

I didn't see any hate speech om there though, I used a proxy and searched for hate speech but still couldn't find any. but they had some views I didn't agree with so I didn't stick around.

Well if peace means surrender, including siding with Putin against the findings of the Republican controlled Senate Intelligence Committee, then yes. After all, there’s nothing wrong with cock sucking. I’m sure many find it quite tasty. I certainly hope my wife does.

Holy shit man, are you serious? USA and Russia are the 2 biggest nuclear powers in the world, if you don't want peace and nice relations between them you are fucking twisted. "Peace means surrender" wow, just wow.

USA intelligence is the thing you distrust the most of anything. Weapons of Mass destruction, bay of pigs, drug running, overthrowing of democratically elected governments, hunter of whistleblowers, and many more insanely horrible acts against world peace. But as soon as Trump indicates they may be wrong or not 100% honest, Trump is the bad guy. Blows my mind.

There's a BBC documentary called the "century of the self" I suggest you watch it in full.

Edit: You need to drop this right vs left conservative vs progressive bullshit. It will prevent you from seeing what is right and wrong.

Stupid ass shade of grey movie, I had to make this meme as it spams all that movies images.

https://www.youtube.com/watch?v=dKsDjpKr2Mk  <<<---- Love this movie.