All posts made by BitcoinNewbie15 in Bitcointalk.org's Wall Observer thread
1.
Post 10887157 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.07h):
Sideways action is so boring. I think personally think this may be a bull year for bitcoin in general... Even though it hasnt been so far :p
2.
Post 10926452 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.07h):
Hmm.. another dip in the price. What could be causing it?
3.
Post 10959844 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.08h):
The BTC market has been pretty boring these last few days. I just want to see some price changes lol
4.
Post 10986580 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.09h):
The poll is almost split down the middle... I hope we see $300 in two weeks. But who knows...
5.
Post 10990743 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.09h):
I hope bitcoin will continue to trend upwards, but for now, i think it may be done going up. Hopefully we will see another leg up soon.
6.
Post 11005780 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.09h):
Hmm... not sure if now is a good time to buy or not! The markets are quite volatile today (compared to the last 3 days)
7.
Post 11058856 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.10h):
I did not expect BTC to have a leg down in the recent days
volatility is good i guess. But now its going sideways again
8.
Post 11746257 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
Wow, I did not expect Bitcoin to have a big move up today. Not to mention LiteCoin too, that seems to be blowing up everywhere. I hope Bitcoin continues to rise though and doesnt fall back down.
9.
Post 11754053 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
I did not expect Bitcoin to continue to rise today. Very interesting indeed, this is much more exciting to see the price moving instead of it going sideways. I do hope it will continue to rise upwards.
10.
Post 11767705 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
Looks like Bitcoin moved down slightly today. Interesting, Bitcoin is being very volatile these last few days. I hope the upwards movement will continue, but it also might not at the same time.
11.
Post 11773453 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
I don't know if Bitcoin will have another leg down or another leg up. Bitcoin has been a little surprising lately with its increased volatility. I personally am hoping that Bitcoin doesn't return to its price levels it was at a few weeks back.
12.
Post 11782050 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
Looks like Bitcoin is starting to go sideways again. At least it has been today and yesterday I believe. I wonder if we will see some more price action tomorrow.
13.
Post 11805134 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
I did not expect to see Bitcoin have another leg up after just rising the previous day. It is nice to see the $270 price range again, it has been a few months since Bitcoin was at these prices.
14.
Post 11805367 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.19h):
Bitcoin jumped up to $278 now, last time I checked it was at $273. It is being very volatile today, which i think is exciting. It is very hard to predict what Bitcoin will do next. $300 is a lot closer now, I wonder if Bitcoin will reach it.
15.
Post 11817181 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.20h):
Bitcoin has slid back down a little bit since the previous day, but I assume this is natural and expected to happen. I wonder what the next price move is going to be though. Perhaps it may go sideways for a few more days, no one knows for sure though.
16.
Post 11860135 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.20h):
I am pleased, yet surprised to see how much the Bitcoin price has risen since when I last checked it a few days ago. Great to see it over $300 again, Bitcoin has had bullish volatility today. I wonder what the next price move will be.
17.
Post 11872466 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.21h):
Looks like Bitcoin did have a move down today. The orderbooks are changing up a lot too, I wonder if another price move will be coming soon. It is exciting to see Bitcoin be volatile again.
18.
Post 11897202 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.21h):
Bitcoin had another leg down today it looks like... I wonder if Bitcoin may continue down this path or if it is just a temporary leg down. I guess we have to wait and see.
19.
Post 11935767 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.21h):
I haven't checked the Bitcoin price in a few days, but it looks like it has been stable for most of the time staying around the $275 - $280 range. I wonder when the next price move will be, and whether or not it will be a leg up or down.
20.
Post 11953580 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.21h):
The markets are indeed very boring when Bitcoin goes through these moments of stability/sideways movement. It so far has been going sideways for almost a week I believe. I wonder when the volatility will start up again.
21.
Post 11961170 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.21h):
Looks like Bitcoin did have a very small move up today, although I am not sure what caused it. I didn't expect to see a change in price today, mainly because it has been stable these last few days. It is a pleasant surprise to see that the price rose by $10 though.
22.
Post 11968661 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.22h):
Bitcoin is nearing the $300 price point again. I wonder if it will cross it any time soon. The volume is sort of low right now though. Maybe Bitcoin will go sideways some more.
23.
Post 12035629 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_14.22h):
Bitcoin has been really volatile again these past few days. Last time I checked the price it was at $290 and it has been bouncing around $276 - $290 a lot lately. I wonder if it will have a leg up or down soon.
24.
Post 36734269 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.55h):
Among top ten crypto-currencies (by market-cap), bitcoin still seems the most decentralized.
% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%
Source:
https://arewedecentralizedyet.com/Gotta get rid of my Stellars for sure.
Wow, I didn't expect Bitcoins wealth distribution to be that good relative to the other coins. Im not sure if this is too accurate of a number though, many whales have their coins spread out over multiple wallets. But eh, what can you do. Now if only we could get mining more decentralized...
25.
Post 36749936 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.55h):
Among top ten crypto-currencies (by market-cap), bitcoin still seems the most decentralized.
% of supply owned by the top 100 accounts, standouts:
- Bitcoin 19%- Ethereum 35%
- Ripple 98%
- Bitcoin Cash 25%
- Stellar 95%
- IOTA 62%
- NEO 70%
Source:
https://arewedecentralizedyet.com/Gotta get rid of my Stellars for sure.
Dash with 14% is the more decentralized, but have less nodes.
I am not sure if my memory is serving me right or not, but didn't the Dash devs have a 2 million coin premine? Or something to that affect? Have they sold their holdings or done some sort of redistribution?
26.
Post 37694365 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.55h):
Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?
Unless someone solves this problem in the realm of game theory, it is impossible. This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.
I'm curious as to how all of this is going to play out in the short-medium term.
Some questions I've been asking myself:
Will there be a mass realization that blockchain without bitcoin is just a slow, shitty database? How long will this realization take?
This is something that really frustrates me. The whole "Blockchain not Bitcoin". A blockchain on its own is just like you said, a slow database. It needs to have the other core tech from Bitcoin to make it special (POW, P2P, Cryptography, etc). Also... What is the incentive to maintain the ledger without a valuable token?
A lot of people don't understand Bitcoin (I dont blame them, stuff is complex) but the whole Blockchain not Bitcoin idea is totally nonsensical. Probably will be a few more years before the general public/enterprise realizes this.
27.
Post 38976562 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Fill your bags boys. This is the moment we all have been waiting for. It is coming. Paper monetary system is on life support since early 2000's. QE's kept him alive for nearly another 20 years and It has come to an end.
And we just got some confirmation yesterday that the market does in fact see us as a safe haven asset. (A lot of people just assume this, I have never felt comfortable just assuming it)
Yep a 500$ increase means that the bulls are in for the fight with the bears and they are showing that they don't want Bitcoin to go down below 7,000$. It will just need one big pump for it to go up again. Right now it is trying to complete a inverse head and shoulder pattern which is a bullish formation if it goes about 7,600$ our first target would be 7,700$- 7,800$ but if it goes down to 7,350$ then this rally would be over.
$7348 now.
So I take it the rally is over. It dropped so quickly, down nearly $200 USD in five minutes. Gotta love BTCs volatility. Pretty sure we are headed for sub $7k possibly sub $6k. I hope I am wrong.
28.
Post 39048576 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Remember the good ol' days when this was
the place to find out wtf was happening with the price?
I remember those days. Something I have wondered and I've been meaning to ask, what happened to that wall observer bot? The one that would post the depth chart every few hours? It appears to be gone completely.
29.
Post 39160378 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Visa in UK and EU broken, sorry for your loss.
Prolly a bad server, or Russians.
It's like the 60's back here.
@VisaNewsEurope
We are currently experiencing a service disruption which is preventing some Visa transactions in Europe from being processed. We are investigating the cause and working as quickly as possible to resolve the situation. We will keep you updated.
You would have thought this would cause a massive jump to crypto even if it is temporary. Surely a more decentralised system is the only solution to prevent such a thing again.
Makes no difference to price from what I can see.
Friday evening after most people get paid. People are getting mad from what I can tell.
Hearing shops are all closing across the UK too. Big stores such as Tescos etc.
Many big stores are closing up in the US too. Subway, Sears, JC Penny, etc. I think this Visa issue is hilarious and too good to be true. It does suck for the consumers, but it shows the benefit of decentralized systems. Imagine if this visa situation happened on a global scale, it would be pure anarchy.
30.
Post 39252415 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Ah finally, another "blockchain, not Bitcoin" article. Its been a while since I've seen one of these. Can't believe people are still out there saying this, I'm already eagerly awaiting the next blockchain, not bitcoin article.
31.
Post 39370245 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Today may be a bit bloody but I'm kind of expecting a spike to bring it back to $7600.
I'm thinking today is going to get a bit more bloodier. Tomorrow, all of the blood could form some sort of a bath. A bloodbath if you will.
Jokes aside I think we will see $7,300 today, and maybe the bears will battle the bulls at $7000 tomorrow... I think the bears will win though.
32.
Post 39456949 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Guys, let's get the topic back on track. All scam accusations should be in the scam accusation child forum.
All we had to do is to click the report button, and get a moderator notified. No need to keep on ranting and derailing this thread which ultimately leads to a bottomless end.
Agreed. I do have a problem when the moderators tolerate folks like @realr0ach insulting Legendary members.
I warned bitcoin was in a
serious bubble last December and I sincerely hope many of you got out over $18,000. We already had the dead cat bounce (great short entry at $15,000) and we are now under a daily Death Cross which is the final confirmation of a bear market:
Any bounce up this month is a bull trap IMO and should be used to raise cash or short. I don't believe we will see the final capitulation until end of this year. Point of maximum pain has not been reached yet and best time to buy is when "there is blood in the streets". I do believe that long term bitcoin will do just fine but expecting a new ATH before the middle to end of 2019 is very low probability. Like unicorn sighting low probability. Sorry about that.
Take trading advice here and confirm with your own analysis. Learn Ichimoku Cloud, Fibonacci, 50/200 daily moving averages/RSI and learn to make your own trading decisions. You don't become a profitable trader in one month for most it takes at least a year with guidance from a mentor. Most new traders get wiped out and quit if they are on their own.
In the future I will be posting any important bitcoin analysis or trading set ups on my own website. I have not devoted much time to it lately (too busy trading) but that will change.
I came to the same conclusion. I do think we are in for a long bear market, and we won't see a new ATH by end of 2018. We might by end of 2019/2020. Who knows, we could be wrong but I highly doubt it. Something that I have been pondering is that BTC has had significantly more exposure during 2017 than it has any prior year. Now that everyone knows about Bitcoin and many people bought it, how will this affect BTC in the long term? Surely this bear market won't be similar to prior ones because of how much more exposure Bitcoin has received.
33.
Post 39457990 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
I came to the same conclusion. I do think we are in for a long bear market, and we won't see a new ATH by end of 2018. We might by end of 2019/2020. Who knows, we could be wrong but I highly doubt it. Something that I have been pondering is that BTC has had significantly more exposure during 2017 than it has any prior year. Now that everyone knows about Bitcoin and many people bought it, how will this affect BTC in the long term? Surely this bear market won't be similar to prior ones because of how much more exposure Bitcoin has received.
Who cares any price below ATH is a cheap price. We already experienced it many times. Even if we go full bear for the next 2-3 years, as soon as we go above 20k$ (and i know we will) you'll make at least %100 profits if you buy from these prices. Those who bought from $20k however will have to wait for $50k and its not impossible. Will probably see $100k+ after the halvening.
I agree, the Halvening will truly be an exciting event. I remember the last one, it seems like it takes a few months for the shock of a lower inflation rate to hit the market. If there are no crazy long block times or anything from now until 2020, then the halvening should happen in may 2020. End of 2020 is probably when we would see another ATH. I definitely do think $100k/coin is possible and not unreasonable. That would peg BTCs market cap at around $2 trillion which is only 1/4 of golds market cap.
34.
Post 39589853 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Looking at these graphs makes me think that BTC is ON TRACK TO MOON LANDING as long as hashrate continues to climb.
Hashrate vs Price last 12 months (linear scale):
Hashrate vs Price all time (log scale):
Its insane how much the hashrate has grown. Miners must see a bullish future for Bitcoin because they are essentially investing a ton of money in BTCs infrastructure. Hash rate continues to grow even during a price decline. To me at least, that seems pretty bullish.
35.
Post 39621860 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
There are those old depth chart pictures I've missed! I also miss those prices too, if only I've bought more and realized me joking BTC would hit $10k wasn't actually a joke and would be eventually true. $239, oh boy good price. Can we get these depth chart pictures again? What happened to the bot that used to post these?
36.
Post 39840784 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
Hopefully, a triple bottom will brighten everyone's day.
37.
Post 39893436 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.57h):
We do seem to be tracking frightfully close to the accelerated 2014 model.
This is very interesting, it would make sense due to all the exposure Bitcoin has seen this bubble vs all the previous bubbles. I hope this is the case, and if we are indeed forming a triple bottom this could be likely.
38.
Post 39994608 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.58h):
Meta idea: since people are always making price predictions, I was thinking that it'd be cool to add a "Speculation score" number under your posts/merit/activity while in the speculation section, with the score based on some continuously-running price prediction game. I probably don't have time to develop a game like that, though. But if someone else creates it off-site with the necessary APIs, your site could provide the scores for the forum. Anyone want to create it?
That seems to be an even more difficult algorithm than programming a chartbuddy 2,
which has been lacking in this thread for more than two years since RichieT's "rage quit." Thank you lol, I have finally gotten my answer on this. Chartbuddy used to post in this thread all the time years ago, and when I finally came back to the forum recently I noticed it was gone. I have been wondering what happened to it!
At least now I have some closure
lol
39.
Post 40275588 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.58h):
We have evidence in this thread of users not wanting to accept Segwit transactions. That's users not miners, that's a lack of fungibility, and that's an issue.
I didn't know that. If you gave me a legacy BTC address (if we had some sort of deal or transaction), I'd send you some BTC that came from a native segwit address. You'd still get your BTC, and you'll likely get it confirmed in a block faster too. Why would you not accept that? Would you return it?
Its a crazy idea, but it is true. There are some Bitcoiners out there that will not accept a Bitcoin TX if there is any segwit TXs in its lineage. Take this with a grain of salt, as my understanding of this attack is very basic and I have no clue how viable it is. The idea behind not accepting Segwit TXs is because there could be a potential 51% collusion attack in the future, where the miners would roll back the Segwit fork and accept all the past Segwit txs as anyone can spend. They would then continue mining the original protocol satoshi designed. So theoretically, there would be two chains. The legacy BTC chain, and the rolled back Segwit chain with all the stolen coins. Any "Legacy" BTC that has no Segwit TXs in its lineage have no risk of being stolen in this attack.
Again, like I said, I have a very rudimentary understanding of this attack. I don't really know the specifics or its viability. This is something that Anonymint has been talking about on this forum recently under his alt account "anunymint".
40.
Post 40328394 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.58h):
Alright, to me at least, the charts are looking very Bearish. Especially because we have been hovering at around this price for a while... I am fairly certain we will see a dump down to the $5k range within the next 3-4 days. I feel like it could go pretty low this time...
Again, like I said, I have a very rudimentary understanding of this attack. I don't really know the specifics or its viability. This is something that Anonymint has been talking about on this forum recently under his alt account "anunymint".
Oh well, if that damn loon thinks so, then it must be a real and imminent threat. Chicken Licken and all that.
This was the same guy, you might like to know, who insisted Bitcoin was fundamentally flawed and doomed when I first joined this forum back in early 2013.
That is hilarious.
41.
Post 40770584 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_15.59h):
Well isn't that just fantastic... Looks like the doors have been opened to $5500 or less now. The psychological barrier at $6000 has been broken again. How much lower are we going to go?
We still have 30 minutes to go on the hourly - if it pops back over 6k before that, we can pretend like it never happened
Fingers crossed, I'm praying to bog this is the point where the downtrend ends and violently pumps for no discernable reason. We really could use a Bitcoin ETF right about now... Actually looking like we are about to see capitulation to me. Maybe $5200 overnight... BTCs market cap is about to dip below $100 Billion. I hope the bulls might take hold soon...
42.
Post 41649301 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_16.00h):
Good morning Bitcoinland.
Still rocketing along sideways... currently $6569USD/$8610CAD (Bitcoinaverage).
Yawn.
"a bubble, a Ponzi scheme and an environmental disaster"
Hey, he forgot "drugs, terrorism, and kiddie porn".
It is interesting to see us going sideways at these prices... I hope we don't see another leg down, as we have bounced off of a bottom three times now. It's still to early to call this a bullish reversal, but that's definitely what I'm hoping for. We shall see what will happen soon enough.
Also, whenever people call Bitcoin a Ponzi, I just have to laugh lol. It is the silliest thing, and they are obviously grasping at straws and trying to find a reason to call Bitcoin a scam. I'll never understand Bitcoin haters...
43.
Post 51827820 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_16.55h):
Random question, does anyone have an idea as to what happened to Tim Draper? He is relatively outspoken about Bitcoin and hasn't said anything about it since May. Almost makes me think he sold his coins... I'd think he would say something once BTC passed $10,000 but nothing...
44.
Post 51827939 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_16.55h):
10k it broke now
when is the dropping stopping
to buy some new corn
#haiku
I have the Bitstamp livechart opened right now and I am looking at a $10,050 give or take a few bucks price, I am not sure where you're getting your price.
*extremely short term rising as well.
You're right. I was using
http://bitcointicker.co/ today for the first time and it's getting quite late here.
Still my first haiku. I avoided them for centuries but this time i tried to like them and it seemed to work.
Bitcoin will rise soon
Do not sell, or doom and gloom
Buy now and hold strong
first haiku
45.
Post 52719029 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_17.04h):
Does anyone know what happened with the orderbook for coinbase pro/gdax? Went from having the usual $50 million+ in buys, and now is sitting at barely above $10 million. Dropped within the last 6 hours. Very unusual considering $50 million in buys was already low.
46.
Post 52729835 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_17.04h):
Has anyone else noticed the severe drop in liquidity on coinbase pro for BTC/USD?? Order book averaged about $50 million+ in buys all the way down to $2200 up until yesterday. Within the last 24 hours it dropped from $50 million down to barely over $10 million. What happened here?
47.
Post 52736454 (copy this link) (by BitcoinNewbie15) (scraped on 2020-04-04_Sat_17.04h):
Has anyone else noticed the severe drop in liquidity on coinbase pro for BTC/USD?? Order book averaged about $50 million+ in buys all the way down to $2200 up until yesterday. Within the last 24 hours it dropped from $50 million down to barely over $10 million. What happened here?
You posted the same thing yesterday. Order books are irrelevant - whales use APIs.
I am very aware I posted the same thing yesterday, thank you very much for the extremely valuable and insightful response. I come to this forum for such genius responses. Looking forward to your future work.
Has anyone else noticed the severe drop in liquidity on coinbase pro for BTC/USD?? Order book averaged about $50 million+ in buys all the way down to $2200 up until yesterday. Within the last 24 hours it dropped from $50 million down to barely over $10 million. What happened here?
Coinbase revamped its fee structure. Again.
In the process, it nuked all standing orders made under the old fee structure.
PITA to set up all the ladders again, but whaddayagonnado?
This is what I was looking for, this makes the most sense. Thanks fellow Bitcoiner.
