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

[Phil_S]

I am pretty sure that the picture is much different if you take a longer time horizon and then you start them out at the same place on that longer time horizon.

In other words, it is not worth it to beat yourself up over either BTC's underperformance or correlation with stocks on the short term... even though it is still interesting to see, it is not reflective of the BIGGER picture, either in terms of from where bitcoin has come or where it is likely to go - relative to stocks.

Yeah, at the previuos graph (the one with the gold) the starting point was January 2019, and clearly there was no correllation in 2019.

[LFC_Bitcoin]

@UltraXBT

Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee

Instead you leverage trade the chop zone until you are homeless

[vapourminer]

@UltraXBT

Imagine just buying spot bitcoin and calmly sitting down and having a relaxing cup of coffee
[...]

good thing i love my coffee then. i drink so much coffee a day an MD i worked with told me if i ever stopped cold turkey i might have a seizure. i never could get him to admit if he were joking or not.

[Room101]

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

[JayJuanGee]

It's weird how complicated people like to make shit. People have been talking about Elliot waves and bitcoin since I started here in 2013. Buy now, sell now, definitely this is what the future holds. Sounds fucking stressful if you ask me. Plus a recipe to end up with 0 bitcoin. I'm sure there are people out there that have made a killing, survivorship bias and all that. Maybe even a couple know what the fuck they are talking about. Still stressful.

With btc the KISS principle has always worked out pretty fucking well, and will continue to do so as far as I can see.

Buy bitcoin. Only sell if you absolutely have to. Like a loved one needs a kidney, or the bank is coming to repossess your house or some shit. In bear markets don't look at the price. Sometimes for years. Chill the fuck out. Don't think you are smarter than you really are, sure as fuck don't think you are smarter than the chaos that is bitcoin price movements.

Buy bitcoin. Don't stress. Don't sell. Don't be greedystupid.

If every chart producing oracle that has come and gone from these pages had done that, there would be a lot more rich forum members. Your charts, models and fancy theories will send you broke. I'll still be here. Once I forgot my password for 3 years. Thank god for JohnTheRipper.

Buy bitcoin. Chill the fuck out.

Great ideas, except the part about forgetting your password(s).  With bitcoin, and the power (and responsibility of being your own bank), you gotta stay active enough, at least, to check your passwords from time to time, even if it is just a couple times a year.

[lightfoot]

- Carnage happening in Brazil due to Jair Bolsonaro misplaced policy, 2 health ministers already resigned.

What's this about specifically?

Sao paulo digging 13.000 graves to cover all those corpses, people die in their own blood because they don't have ventilators.

Massgraves appears all over they country.

Ooooh. I remember working on this stuff with other countries. The soccer fields turned into graves were pretty interesting to spot next to the little burned huts.

Reality exists. Oh well.

[lightfoot]

Meantime looks like Bitcoin is doing well today. About time to see 10k+

[LFC_Bitcoin]

Meantime looks like Bitcoin is doing well today. About time to see 10k+

$11,000+ excites me, feels a long time since we touched those lofty heights.

[Phil_S]

We're going to have THE PUMP every day now, right? 

[El duderino_]

We're going to have THE PUMP every day now, right? 

I could live with that

[soullyG]

We're going to have THE PUMP every day now, right? 

I could live with that

Definitely. I miss the days of $2k pumps every morning 

[LFC_Bitcoin]

Definitely. I miss the days of $2k pumps every morning 

It’ll be $5,000 - $10,000 daily pumps at the absolute peak of this bull run IF things work out like they should.

[vapourminer]

observing ~9.4k USD. it will do. for now,

better than the 8ks a bit ago. unless im hallucinating again.. but the MDs assured me that those hallucinations would stop after a while.

[The Real John Titor]

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

[JayJuanGee]

We're going to have THE PUMP every day now, right?  

Well, remember the pump from $250 to $19,666 took a bit over two years.

And, maybe we could label this as the pump from $3,500 (middle of the bottom) to $200k-ish (give or take).

So, if we are currently at $9k, that would still be relatively early in the pumpening... something comparable to $600 - $700.

I just remember having pumpenings that would happen for days or maybe a few weeks, and then pauses for decent periods followed by continued pumpenings.. but not really knowing when they would come, if a pump would be a long one or a short one.

The seemingly consistent pumpening of about every day came in the last couple of months, but even then, even while we were exponential from about $4k to $19,666, there would come once in a while pullbacks, and then continued pounding upwards.  I believe that, currently, it is not too likely that we are very close to that level of happening, yet.. that would be difficult to sustain, currently....

But, what the hell do I know?  I mean, sometimes there may be some changes in the pattern, just to mess us up..... We had the three month pumpening from $4,200 to $13,880, and i could see something like that taking us to a $17k-ish level.. within a few months.  Such BTC price performance would be a bit much, but not out of the question from where we are at, currently.

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

You are not really helpful with your lame attempt at comedy, conclusory living in a fantasy-land sorcery wanna-be assertions.

[The Real John Titor]

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

You are not really helpful with your lame attempt at comedy, conclusory living in a fantasy-land sorcery wanna-be assertions.

I don’t have the time to try to convince you, sorry.

[nutildah]

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

Wow, good to see the real John Titor is here. There's a lot of phonies out there.

I have so many questions:

When does the coronavirus pandemic end?

Is Keith Richards still alive in 2036?

What happens if you hang around in our timeline for 16 more years, are you going to party with your younger self?

[bitserve]

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

You are not really helpful with your lame attempt at comedy, conclusory living in a fantasy-land sorcery wanna-be assertions.

I don’t have the time to try to convince you, sorry.

How old are you? Were you alive during the first halvings? Did you manage to hodl all the time or did you do a mindrust some time on the road? We wanna know.

[The Real John Titor]

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

Wow, good to see the real John Titor is here. There's a lot of phonies out there.
I have so many questions:
When does the coronavirus pandemic end?

It doesn't. It becomes something like the common cold, or flu season. You build up antibodies to certain strains, but it ends up mutating seasonally.

Is Keith Richards still alive in 2036?

No.

What happens if you hang around in our timeline for 16 more years, are you going to party with your younger self?

No desire to stay in this timeline for longer than a few months, but Command had their reasons for sending me here, now. I just follow orders.

This was a great time in the history of Bitcoin. You people should like what happens over the next few months.

You are not really helpful with your lame attempt at comedy, conclusory living in a fantasy-land sorcery wanna-be assertions.

I don’t have the time to try to convince you, sorry.

How old are you? Were you alive during the first halvings? Did you manage to hodl all the time or did you do a mindrust some time on the road? We wanna know.

I'm not cleared to share current age data at this time. Yes, I was a child during the first halving. To be honest, I'm not HODLing very much. Only 0.12 BTC in my time, assuming I return to something resembling the timeline I left. The longer I stay at a place in time, the more we have observed divergence upon my return.

[VB1001]

Subtleties and Security

Abstract: This piece is written by Bitcoin Core maintainer and BitMEX guest writer, Michael Ford. Michael is the first recipient of the expanding HDR Global Trading Limited Bitcoin developer grant program. This follows on from Michael’s first piece for us: Build Systems & Security – Bitcoin Is Improving. In this new piece, Michael explains four security improvements to Bitcoin Core that he has been working on:

1. Fixing a hidden bug which prevented a security check from occurring,
2. Fixing a security weakness on Windows,
3. Solving a problem which weakened the random number generator caused by a failure to detect a function on MacOS, and
4. Adding tests for a discrepancy in the behaviour of the macOS linker, when compared to the documentation.

This work illustrates the importance of testing on multiple platforms.

https://blog.bitmex.com/subtleties-and-security/