All posts made by BillyBobZorton in Bitcointalk.org's Wall Observer thread
1.
Post 11183526 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_14.12h):
Damn, what a frustrating price level. The market sure does love that ~230-ish.
I have one final round of funds to invest long, but can't deal with any more severe down. I went all in at 230 in January (yes, January!), but recently got back out at 238.
Want to get back in long, fire and forget, but damn which way are we swinging here? I'd be more comfortable if we had a confirmed solid support above 200, but don't know if and when we would ever re-test that.
Have you considered that Bitcoin may, in fact, be maturing and becoming more like money? This implies stability. With bitcoin's hallmark volatility gone & progressively tightening government regulation wiping out 'legal gray areas' for us to exploit, bitcoin ceases to be an attractive, semi-legal and, arguably, less stigmatic form of online gambling/money laundering vehicle - the very things which made it so attractive initially.
With Dark Markets proving more and more vulnerable and bitcoin's floundering price (causal relationship here, though seemingly apparent, is far from rigorously proven), the crypto community is becoming more fractured and toxic.
TL;DR: Mom's not coming home 'till late, so...
~Lo <3
One of the biggest contributors in making crypto a stupid meme complains that the climate is toxic.. lol. Good, that is a good sign that all these dumb alt developers are giving up and soon natural selection will make BTC reign supreme.
2.
Post 17684386 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.02h):
Breakout was expected, sentiment is very bullish world-wide. Good change the price wil blast through $900.
^yep Gavin and the original bitcoin movement is back on track!
*watch^$$$*
What are you smoking? if the software has anything to do with the pump, in any case it's pumping because the Bitcoin Unlimited trolls got destroyed yesterday with that huge mistake and BU got exposed as untested, glitchy software, which means everyone that isn't an idiot is back to supporting Core again and union makes bitcoin more powerful.
3.
Post 17699109 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.03h):
I predict we'll bounce against the $1,000 ceiling a few times and "fall" all the way back down to the $930s then settle back in to the $950-$970 range for a while (but not too long).
I agree, $1000 always seems to trigger lots of people to sell. I don't know why but that's their decision. I'm looking forward to seeing $1000 act as a solid support.
It is stupid mental and psychological pressure. $1000 is such a round, nice looking number, that's all. But make no mistake, we went from $1000+ to $750 crash because of the chinese shenanigans. Now that those are over, we don't have that fear anymore of the PBOC purposedly collapsing the market to short, so we will naturally keep growing and surpassing gold where bitcoin belongs.
4.
Post 18126651 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.05h):
if approved, ill be happy if i can get in bellow 1300$
gata be on a ball for this one, time is of the essence, the second its approved spam this thread with rocket gifs, that will be the signal
I don't think not enough gif rockets will be of use, if you want to ride this rollercoaster you can't sleep and you must F5 every fucking second in the webpage of the sec.
I still haven't made any moves, I may not do anything. I was about to bet 5 BTC back then for a Hillary Clinton win, and I was so happy next morning knowing that I played safe and did nothing.
Who is to say that this is not the same thing again? fucking odds can make you broke.
5.
Post 18641435 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.08h):
Can anyone explain exactly why would bitSTAMP claim to getting hacked? what do they gain doing that this point? they don't have any problems. On the other hand bitfinex im pretty sure it's still hurting from the latest august "hack" (remember the BFX tokens?). It should have disappeared, they are just beating a dead horse.
6.
Post 19211410 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.11h):
I'm gonna play the devils advocate here and say, if you are young, are smart and do your research, and have a good career (and thus money to invest), then diversification is a terrible idea.
Here's why.
When you're still young (in your 20's), you still have you're whole life ahead of you to invest. So it's smarter to do the research, and focus on some higher risk/reward investments earlier on. If you try and fail, you're still young and have more time to start again.
If you divest too much when your young, then you'll just lose out on big potential gains early on that compound later. Sure you'll eventually retire with a nice safe $500k, or maybe $1-2M, but that'll take you 30-40 yrs to get there. And it won't be enough. If you focus on higher risk earlier on and diversify when you get older, then you'll realize maybe 2x-4x gains over that amount.
It's a different ballgame when you get older. You no longer have the benefit of time (or $$$, as your expenses have increased and likely your relative income has decreased) so you have to play it much safer moving forward.
Either that, or if you are starting over at an older age with next to nothing saved, have to take BIG risks to make up for lost time. Sadly many have to try and do that today. #YOLO
Im pretty sure that anyone under age 30 holding 21 BTC at least, will be pretty wealthy in 10 years and they will still be young. If we manage to get segwit in and lightning network allows for trillions of transactions per second and we reach global adoption, 21 should be enough.
I've always told young people to go all in on bitcoin, and maybe buy some other alt that may explode in the mid term (always with the goal to sell and make more BTC).
They have nothing to lose. Government bonds are stupid, they will crash. Once boomers are forced to sell their bonds, tons of money will go into stocks, gold and bitcoin, and just a small % going on bitcoin can make you rich because it got massive upwards potential.
7.
Post 19422545 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.12h):
The bull run isn't finished yet imo. Again some consolidation going on at the moment.
The market wants the $3k and it will get it!
Regarding the altcoins I have no clue when the bubble will pop. But it will pop some day. And then the question is in how far this will have an influence on Bitcoin. Either it will be the fuel and push BTC even higher or it will take BTC down as well.
It's obvious that the bullrun is not over. Ever since we broke the May 26 $2750 peak, we are back to the previous bullish channel and consolidating a price above this peak, it's holding nicely on $2800.
The following hours are crucial, if we don't go below those recent peaks we may see $3000 this month.
It HAS to happen this month or it may not happen, if the august UASF comes and there's a lot of uncertainty in the air then it's anyone's guess and my guess is down.
8.
Post 19459782 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.12h):
New ATH later today - so nice
I don't think so, it would mean we hit $3000 today... possible, but looks like we are going horizontal for a while. We may hit it in july when everyone moves their BTC to their wallets possibly selling some of their alts before august 1st.
August 1st may be a fucking disaster, so maybe some people buy ETH/LTC in the meantime. ETH is a scam no matter what and LTC is bitmain-coin but I want to hedge against the UASF turbulence while staying in crypto and that seems the way to go.
9.
Post 19476408 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.12h):
Well, we may hit $3000 hit pretty soon after all. A possible theory explaining a bull run now is that people want to buy bitcoin pre-august 1st, because after august 1st, transacting any bitcoin is not ideal as long as the conflict is not solved.
Do you get paid in legacy or 148 coins? etc
10.
Post 19478651 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.12h):
Shorting ETH/BTC is probably a very good idea right now.
Do you mean shorting both ETH and BTC or shorting ETH against BTC?
If so... why?
Ethereum continues being a hype machine. You can hate the project as much as I want, you can call it a scam which it probably is and so on, but something is clear: ETH has been an amazing investment, and it's a constant hype train with every ICO or Vitalik antics, getting all those corporations board. The latest one is Vitalik visiting Putin... markets love that kind of stuff. I wonder if we'll eventually see ETH reach 4 figures.
11.
Post 19496909 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.12h):
By the tone of your posts; "Nothing can stop ETH now, it's proven itself. It's gonna keep going up forever", I'd say it's definitely near a top.
i've thought it wasn't humanly possible to get any higher just about every minute of every day for the last few months. nothing's changed for me.
Same here, but that doesn't mean I will go into a state of delusion.
I may be wrong about it though and I'm keeping an eye on it.
Im holding 0 ETH for the record, but if the ICO madness continues, everyone buying needs to buy some ETH. My thesis is that some people will hold some ETH long term instead of going 100% on that ICO. "Just in case I'll keep some ETH in my wallet".
On other news: BTC hits 3003 on bitfinex. Okcoin, 3071. Bitstamp and BTC-e remaining to join 3000 party.
12.
Post 20151748 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.13h):
This is it, we are almost going below $2000. Bitfinex being the lowest with a dip of $2001. Bitstamp $2005, BTC-E $2011.
You all can thank Jeff Garizk, Jihad Wu, Roger Ver and the rest of people involved in this attack. Sad to see. I can't wait for their asses to get kicked hard.
13.
Post 20152989 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.13h):
Not sure how low this may go. Got a bad feeling. So long as there is uncertainty of 2 chains and fear of not being able to get your BTC off Exchanges etc... this fall could get ugly, and already is. Is it all worth it? makes ya wonder. I suppose if we can get to a place where the block size debate is settled maybe then we can soar again. But for now, I just got a bad feeling.
How ever I don't think big holders will just up and be selling off. Especially if they bought in at say 1600 or so... So that in itself may slow the drop to a point. Who knows lol
It would be as easy as miners accepting that BIP141 is the only thing that wouldn't make the market crash like a plane on the twin towers, but their ego is too big, they are on a mission, they don't care about the price. Hardforkers are here to cause damage and take control of bitcoin no matter what happens. They will pay dearly for attempting that.
14.
Post 20239829 (copy this link) (by BillyBobZorton) (scraped on 2020-04-04_Sat_15.14h):
I'm not worried about the hardfork. As you could see the last 2 weeks, the other side is completely incompetent in terms of coding! Core devs safed their asses 3 times, although they are not involved in that shieeet!
Let Jihan, Bitpay and all the other corporations fork off. They will regret it pretty soon after the fork and will come crawling back. This corporate takeover attempt of the ecosystem and the brand Bitcoin will fail!!
The fact that a $40B network is now running on BTC1 should give everyone pause for concern.
But what % of miners are actually running the btc1 garbage? I was under the impression that most miners were still running Bitcoin Core and not btc1.
Well, if everyone is running btc1, then im sure I know now why the price is not taking off to an ATH. We can't get an ATH if people are running shit code.