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

[El duderino_]

[toknormal]

Price evolution from here...

[d_eddie]

BetterHash Aims to Increase Bitcoin Mining Decentralization



https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/

This Corallo guy is no dummy.Quite interesting, and very promising if it gets in use! BetterHash would also make it easier to create new "anarchist" pools, where the main operator does get a commission, but without the ability to influence the individual miners' "political" choices.

I'd like to hear what miners (or ex miners) think about the likeliness of this new protocol to replace Stratum.

[d_eddie]

(snip quotes)

For a little Straight Outta My Ass Non-TA:

(snip)

I suspect it's Wall St and institutions slurping up most of the whale poop. Several regulated brokers (Fidelity, Goldman, JP Morgan, etc) are on the brink of offering their own Bitcoin exchanges, and are probably in bed with the OTC brokers, accumulating, accumulating, accumulating. Of course, they're getting played by their OTC intermediaries, too, resulting in reverse Bart action and uptrends. I wouldn't be surprised if it's these Wall St guys crying foul in the first place and putting pressure on the CFTC to investigate unregulated OTC/futures manipulation and level the playing field before the flood gates open. This is causing further whale and OTC broker panic to hurry up and unload before regulators shine a light and scatter the roaches in their corner, too.

Why OTC in the first place? Besides avoiding thinly traded exchange slippage, OTC brokers don't typically report anything to the IRS or other tax authorities. I suspect KYC/AML is much more lax as well, as long as you got the coin to play. Privacy comes at a price, though, and it's name is manipulation.

Meanwhile, small fry retail guys are quietly accumulating, driving the bullish background action we see on the charts.

Straight Outta My Ass

4 hr candles

Your point of view is always one of the most thought-provoking for me. You often share insights I couldn't come up with. You must know a bit - and I don't mean only about corn.


By the way, I'm honored you joined the SOMA(tm) Alliance.
But please, remember to keep them predictions Almost Completely Wrong, Almost All the Time! It must be hard for you, but you understand - we've got a reputation to defend.

[JimboToronto]

Good morning Bitcoinland.

Would you look at that... the price dips back to where it was yesterday and people are running around like chickens with their heads cut off calling for $3k.

Meanwhile we're well ahead of where we were in November, barely half a year ago... currently $6789USD/$88116CAD (Bitcoinaverage).

It wasn't much more than a year ago when gold ounce parity was the holy grail. Now a bitcoin is still worth over a quarter pound of the shiny stuff used to electroplate contacts.

Give your heads a shake.

I just wish I had more spare fiat to sell for Bitcoin. This is the best buying opportunity I've had this year while actually at home with access to ATMs.
____

Speaking of ATMs, prices are good today... no negative fees, but I can buy for 1.4% and sell for 0.6% at my usual machines downtown here.

Maybe I'll get lucky and see some unexpected revenues today.

[Paashaas]

Good morning Bitcoinland.

Would you look at that... the price dips back to where it was yesterday and people are running around like chickens with their heads cut off calling for $3k.

Meanwhile we're well ahead of where we were in November, barely half a year ago... currently $6789USD/$88116CAD (Bitcoinaverage).

It wasn't much more than a year ago when gold ounce parity was the holy grail. Now a bitcoin is still worth over a quarter pound of the shiny stuff used to electroplate contacts.

Give your heads a shake.

They need to see the bigger picture 

[savetherainforest]

Price evolution from here...

I don't even give a f^ck anymore... Should we just start spreading fud like yours and blindly / accepting and endorsing this fud for the little guys to sell and the big whales to buy?? We would do that if we know for sure that the whales are hodlers. But I'm guessing you are betting on the wrong pony sometimes when thinking the whales know what they are doing, because I believe they don't!!! Whales are not hodlers!!!

[toknormal]

...Should we just start spreading fud like yours...

So anticipating a 500% gain over 4 years is the new definition of "FUD" ?

I suppose when you're turkeying-out with your tongue on the floor waiting for the next "rally of multiples" then anything short of immediate lambo, mass pension fund buy-in looks like FUD.

Fact is those gains come at a price and the price is time.

[jojo69]

moon tomorrow or FUD

it's just that simple

[toknormal]

moon tomorrow or FUD

You're on the moon already.

Just be glad of it and hope you don't fall off.

[jojo69]

moon tomorrow or FUD

You're on the moon already.

Oh yeah

I keep getting wrapped up in this thread and forgetting...pass the Tang please.

[4rt3m]

Sandwicherie in Paris

Don't know what more weird: 'sandwicherie' or the fixed typo in 'blockchain' sticker, but it's pretty interesting. Also someone hiding from taxes, I guess.

[4rt3m]

You're on the moon already.

♬Kid Cudi – Man On The Moon

[toknormal]

I like bigger moons.

But the moon is getting smaller.

Look. Descending triangles. Read up what they mean.

[toknormal]

TA for Bitcoin doesn't mean dick.

Tell that to the traders painting those charts.

Nothing other than T/A means "dick" when it comes to bitcoin. Fundamentals get priced in years in advance. Once that's done, all manipulation trading is done on buy & sell signals. Market doesn't care about direction. It makes money on the way up. Makes money on the way down. Hodlers are the only people who care about direction.

[LFC_Bitcoin]

Look. Descending triangles.

TA for Bitcoin doesn't mean dick.

It's all butterflies flapping their wings, and shit, in different parts of the world, man.

So true!

You can’t base trends from the conventional fiat trading world on bitcoin. Bitcoin is still a new animal, it hasn’t been harnessed & controlled (fully) for hundreds of years by bankers & governments like regular stocks & bonds.

Trade based on TA & triangles, pretty graphs etc at your own fucking peril.

Buy & HODL for a good few yesrs, it’s the only way (imo) to pretty much guarantee profits, big one’s too.

[RejectedBanana]

Price evolution from here...

I don't even give a f^ck anymore... Should we just start spreading fud like yours and blindly / accepting and endorsing this fud for the little guys to sell and the big whales to buy?? We would do that if we know for sure that the whales are hodlers. But I'm guessing you are betting on the wrong pony sometimes when thinking the whales know what they are doing, because I believe they don't!!! Whales are not hodlers!!!

Well, so far as I know, the Winklevii are still holding.

At least we've got that.  

Whales have to weigh tax implications, too. If they've been holding a while and they are truly a whale, that's a 23.8% profit cut right off the top for US citizens. That means they have to weigh whether it will fall at least 23.8% to make it worth their while to buy back in with a lesser amount, or instead gamble on their intact hodlings growing even bigger at the next halvening. If they are smart about cashing in and offsetting a bit at a time, they can massively minimize tax obligations.

Best laid plans, and all...

[Ludwig Von]

The voyage to the moon is not without consequences... .

[JimboToronto]

Luckily some of my friends were smart enough to see what was happening when my coins went from being worth dozens of dollars to being worth hundreds, bought in and now they're worth thousands.

Too bad for those who didn't see and missed the rocket train. The view from up here is fine. My friends and I enjoy it greatly.

[Toxic2040]

You realize that statements like these are really conservative, and very long term bearish about bitcoin... which causes me to conclude that you have some lack of appreciation for bitcoin's potential upside.

I do agree with you that the higher the expected future price, the lower the probability that it is going to happen, but  it seems to me that when you use words like "ever" in your prediction, you are attempting to predict too many legs in a chain of future events that you have to be nearly completely speculating about since it is nearly impossible to accurately predict more than a few legs into the future at a time... and the further out you go the more any prediction is going to be based on a lot of factors currently unknown.

Hopefully your bearishness is not rubbing too much off into me...  

+1 WOsMerit

I entirely agree with you !

50% is the probability I am assigning. 'Ever' is not a prediction, just a part of one of the possibilities.

Of course, I omitted to say that another scenario (part of the other 50% if you like), is that $100k is achieved before 2022.

All these numbers and time frames are speculation, yes, and subject to evolving circumstance. That is what this thread is for.

Hopefully I can present ideas that give others food for thought, and also prevent ppl from making errors in trading by being too myopic. My apparent bearishness is only a comparitive with general bullishness, and the greatest mistake IMO would be too become too mentally committed to a bullish outlook (and thus disillusionment) when we are merely in a long bear market, which will eventually turn round.

Low predictions of $2-3k are merely realistic scenarios, and are helping to avoid the mental pain of HODling in a downtrand.

+1 WOsMerit

Doomsayers are usually the ones who dumped their stash and wanting you to do the same so they can buy from a lower price. Don't listen to them. Buy the fucking dip and hold.

I've played that game before and got burned because of a bull run.

Don't be a sucker. Be on the safe side.

If you haven't sold from 15k+ or even 10k+... why even bother now?

+1 WOsMerit

for all last pages  

but offcourse thats beautifull all can have there own opinion , but seems to be the case when we go down all say negative and when its bull rally ,nothing can't stand in the way of the higher prices    


my father is maybe one of the worst .... is as long in BTC as myself  never said anything good from 250-300 to 1500 allways bad feeling lot of sell offs ... than still with a very healthy amount in the bull rally to 20k "nothing is better than BTC" ... didn't sell a lot @ that time LOL     price goes down and panic sell offcourse around 8000-9000 lot off sideways from there and yesterday after the recent DIP he was sitting in the office chair saying to my brother BTC will never go back to higher prices and its finisht and.....


for many in here do not be my father in the BTC story   i am happy i am the biggest BTC bagholder @our place

+1 WOsMerit

Price evolution from here...

+1 WOsMerit

I disagree however. To much dip for the rest of this year and by 2022 lambo talk will seem cheap around here as we all will be drooling over BFR's and the first humans to set foot upon Mars.

Tokyo2020 is coming for you and your bitcoin..  Be ready and have your bags packed.

----------------------------

BetterHash Aims to Increase Bitcoin Mining Decentralization



https://news.buybitcoinworldwide.com/betterhash-aims-to-increase-bitcoin-mining-decentralization/

+1 WOsMerit

This Corallo guy is no dummy.Quite interesting, and very promising if it gets in use! BetterHash would also make easier to create new "anarchist" pools, where the main operator does get a commission, but without the ability to influence the individual miners' "political" choices.

I'd like to hear what miners (or ex miners) think about the likeliness of this new protocol to replace Stratum.

 
This is good stuff here, thanks.  Probably should all be taking a closer look at this.
 

-----------
Bitcoin

Good morning all.
Short term trend lines reaching for $6.88k  Indicators are relaxing and seem to be showing some upwards potential for today. Still expecting a retest of support levels sometime late Wednesday, early Thursday however.
This is gut check time..   Do you think bitcoin is over or under priced? I know mine feel undervalued right now. #dyor
1h

D