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

[Anon136]

The fact that bitcoin is a better gold than gold is not new. The part that surprised me was that the wealthy Chinese elite have very recently been putting $Billions into bitcoin as a safe haven asset in lieu of gold.

Yea... I'm beginning to question the validity of some of my earlier arguments and positions. New developments, particularly around lightning, and the settling down of internal political strife, have made me more bullish on bitcoin dominance. I am still skeptical of the ability of the DLT sector to replace gold unless the DLT sector is firmly dominated by a single project over a long period of time. But I am a lot less skeptical of the idea that the DLT sector will actually be dominated by a single project for a long period of time (bitcoin).

[1679711109]

1679711109

[Last of the V8s]

New from Masterluc:
 

Six months have passed since the beginning of the correction, there are still as many. Sewers did not want to fall. Bitcoin too. The longer we hold at current levels, the higher the probability of falling to new bottoms.

I think there will be a multi-month outset. Time is now against the bears.
Correction: so BELOW the probability of falling

If we have any Russian speakers here, perhaps we can get a better translation. Here is the original quote:

Пoлгoдa пpoшлo c нaчaлa кoppeкции, ocтaлocь eщe cтoлькo жe. Cтoки pacxoтeли пaдaть. Биткoин тoжe. Чeм дoльшe мы дepжимcя нa тeкyщиx ypoвняx, тeм вышe вepoятнocть пaдeния нa нoвыe низы.

Я дyмaю бyдeт мнoгoмecячный бoкoвик. Bpeмя тeпepь пpoтив мeдвeдeй.

Пoпpaвкa: тeм HИЖE вepoятнocть пaдeния
 

Six months have passed since the beginning of the correction, with maybe as many yet to come. Stocks stopped wanting to fall. Bitcoin too. The longer we hold at current levels, the higher the probability of falling to new bottoms.
I think there will be many months of sideways. Time is now against the bears.
Correction: the lower the probability of falling

[bitserve]

[... nonsense delirant rambling removed ...]

Queue the wall of text     Future proves past

Shit posting below continues.

With all due respect, can you stop the retardness already?

[mymenace]

[... nonsense delirant rambling removed ...]
Queue the wall of text     Future proves past

Shit posting below continues.

With all due respect, can you stop the retardness already?

What do you know about Roger Ver and why you protecting him.

No bullshit.

[Rosewater Foundation]

How do we feel about this then?

BlockFi just gathered up $50 million to lend to bitcoin and ethereum holders who don’t want to cash out (yet)

Currently, BlockFi allows investors to take out a loan as high as $10 million using either bitcoin or ethereum as collateral.

[infofront]

[... nonsense delirant rambling removed ...]
Queue the wall of text     Future proves past

Shit posting below continues.

With all due respect, can you stop the retardness already?

What do you know about Roger Ver and why you protecting him.

No bullshit.

This isn't the best thread to be posting that stuff in.

[Hueristic]

https://blog.bitmain.com/en/transparency-policy-shipping-mining-practices/
https://bitcoinmagazine.com/articles/mining-giant-bitmain-offers-new-policy-boost-its-transparency/
will help

This quote is hilarious!

Bitmain says it will not tolerate “secret mining,” a practice...

My thoughts for the moment (alts not joining this rally so I expect a dud):

Does anyone know the exact relationship between alt coins and bitcoin, except that bitcoin is the dog and altcoins are the tail?  At the same time, alt coins can lead a rally or they can trail a rally or they might not come along because there is more froth in them, so I do not deny any relationship between alts and bitcoin, but I doubt that the mere fact that they are not coming along would preclude bitcoin from rallying and continuing to rally.

For other reasons, including the fact that we seem to be in a consolidation zone that might not be easy to break out of, I do agree with any assertion that BTC might not go directly up from here and break above $8,600, for example... so maybe now, our consolidation zone has moved to a range of $7,000 to $8,600, so accordingly, there would not be any reason to write home (or to get excited) about any movement within such current consolidation range.

Seems to me when BTC rallies alts lose cap and then if alts rally after BTC then it shows confidence in the BTC rally.

[bones261]

[... nonsense delirant rambling removed ...]
Queue the wall of text     Future proves past

Shit posting below continues.

With all due respect, can you stop the retardness already?

What do you know about Roger Ver and why you protecting him.

No bullshit.

We are not protecting Roger Ver. Most people that post here would agree that he is a complete asshat! If you want to have a thread that is devoted to slamming him, then feel free to open up a topic in the scam accusations thread. It's comedy gold that you are trying to state that many of us here are somehow Ver shills because we don't want to bitch about him with every single key stroke that we devote to this forum.

[HairyMaclairy]

We all agree Roger Ver is an asshat.   It is a fact that is so obvious it doesn’t bear repeating.

[Rosewater Foundation]

Does mymenace think this thread is this thread

[Rosewater Foundation]

I'm not about to peek on general principle. But let me guess. Future proves past?

[bitserve]

I'm not about to peek on general principle. But let me guess. Future proves past?

Yeah... who are you protecting?! How would you know without peeking?

Now you tell me

Sounds fishy as hell

[Rosewater Foundation]

I'm not about to peek on general principle. But let me guess. Future proves past?

Yeah... who are you protecting?! How would you know without peeking?

Now you tell me

Sounds fishy as hell

I'll just go ahead and add myself to the list.

[bitserve]

http://www.mentalhealthamerica.net/conditions/paranoia-and-delusional-disorders

[Rosewater Foundation]

I keep having this dream where Bob covers my naked body in gluten and feeds me to a Canadian. What could it mean?

[RoomBot]

We all agree Roger Ver is an asshat.   It is a fact that is so obvious it doesn’t bear repeating.

I, for one, thoroughly enjoy bashing Roger Ver.

Just think of ALL the BTC, dollars and hashes WASTED on his shitcoins that could should have stayed in BTC ecosystem.
And all the chumps who got swindled in the good name of bitcoin.


--Bitcoinist

[smartcomet]

https://twitter.com/jchervinsky/status/1021795224958455810

TL;DR -- the SEC can, and probably will, delay its decision on the VanEck/SolidX commodity-backed #bitcoin ETF until ~February 21, 2019.

[Elwar]

How do we feel about this then?

BlockFi just gathered up $50 million to lend to bitcoin and ethereum holders who don’t want to cash out (yet)

Currently, BlockFi allows investors to take out a loan as high as $10 million using either bitcoin or ethereum as collateral.

Just like lending on Bitfinex, it's all about how much risk you want to take that the platform itself doesn't go under.

You can make somewhere around 1% or so per year on your BTC lending to shorts. But if Bitfinex goes the way of many of the exchanges, then you lose all of your money.

[mymenace]

We all agree Roger Ver is an asshat.   It is a fact that is so obvious it doesn’t bear repeating.

I, for one, thoroughly enjoy bashing Roger Ver.

Just think of ALL the BTC, dollars and hashes WASTED on his shitcoins that could should have stayed in BTC ecosystem.
And all the chumps who got swindled in the good name of bitcoin.


--Bitcoinist

Now who has the power to protect Roger

Gavin visits CIA
Gavin visits Council on Foreign Relations


Well we all know they had something on Roger - a felony charge on our little angel investor

[STT]

Great info on the ETF process, that guy sounds like a real asset to everyone in crypto.  Though I guess this was already obvious to some, he explains it well

Worth pointing out: 1. VanEck was first to file for a futures based ETF.

So maybe its more viable being based on futures which has its own regulation and I think increases margin requirements based on volatility.  I've held ETF based on futures before, because really holding a warehouse of corn or whatever even for investment companies is not viable so thats a normal avenue.  However I was also told it was a product for advanced investors only and I was restricted from basic access to Futures based ETF which could be how BTC ETF is labelled.

Sure, that's fine in theory. But I can't imagine the SEC will approve the first ever bitcoin ETF without taking all the time allowed by law.

Sorry. Get ready to wait.

I would expect them to just deny it early if anything but its normal for them to use all time up apparently.



8594 is the 200 day moving average overhead, I didnt realise we had come so close to it now.  50 DMA is rising and also short term we are in an ascending channel.   I guess the market will recognise and pay most attention the 200 DMA and we'll react to the price.   Passing it would be very bullish but I dont think we'll do that at first glance, however we are more positive now then I had thought would be the case



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