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

[bones261]

Shorts @ATH and 100M Tether printed, fasten your seatbelts

Meh, I think what is going on as of late is that traders are BTFD, when there is one down to $63xx and lower and then scalping it for modest gains of 2%-4%. Apparently, with the "invisible walls," some big fish is probably implementing this strategy. Could even blame it on Spoofy's new strategy, (if you believe in Spoofy.)

[1714225763]

1714225763

[Last of the V8s]

https://informationisbeautiful.net/visualizations/trillions-what-is-a-trillion-dollars/ for a bigger picture


not sure about some of these figures, but basically

[andreibi]

2 days until the ProShares ETF is rejected.

Not your keys. Not your bitcoins.

Everyone knows it's a 95% chance of rejection. That's why shorts is at an all-time high.  And a likelihood that it does nothing to the price (being already priced in).

And then short sellers have to buy in order to close their positions, leading to a short squeeze rally.

[Elwar]

https://informationisbeautiful.net/visualizations/trillions-what-is-a-trillion-dollars/ for a bigger picture


not sure about some of these figures, but basically

$26.5 trillion in offshore money...

when Bitcoin is much easier than dealing with all of that

[European Central Bank]

do the exact opposite of what CNBC reckons and guess what happens?

https://www.tradingview.com/chart/WPRBTC/X5WuyDQn-CNBC-Bitcoin-Indicator-is-pointing-to-a-massive-rally-soon/

[hodl_2015]

I officially dub it:
ABCash

I propose:
abcASH

[doc12]

I officially dub it:
ABCash

I propose:
abcASH

The other fork is FaketoshiCash then, or Fakecash for convenience 

[Biodom]

Bitcoin in Dec 2021 (more than 18 mo after halving) would be...

1. At peak (similar to 2013 and 2017)? 100k? 160K?
2. Coming off earlier blowoff peak in 2019-2020?
3. Being stuck in the doldrums, albeit with a higher price of 8K-10k?

IMHO, probabilities (from scenario 1-3) are 40%, 30%, 30%.

Your opinion?

[bones261]

I officially dub it:
ABCash

I propose:
abcASH

The other fork is FaketoshiCash then, or Fakecash for convenience  

The problem here is that BCH has(may be had, I haven't been keeping tabs on BCH for months.) at least two mining farms that are not signaling who they are. Many assumed that the mystery mining farms were Bitmain. However, with the way Craig Wright has been tweeting, I am beginning to suspect one if not both may be controlled by nchain. (He could be full of it too.) This is going to be a PITA for many casual BCH holders if the powers that be cannot agree. The difference between this fork and the original fork off of BTC is that there is likely to be no replay protection. Many BCH people are mistakingly looking forward to the split because they will get more free coinz. Hope they know how to split up their coins properly, when there is no reply protection. I know that I certainly don't know how to properly split my coins, even with reply protection. Thank God that my BCH holdings are basically dust.

[xhomerx10]

https://informationisbeautiful.net/visualizations/trillions-what-is-a-trillion-dollars/ for a bigger picture


not sure about some of these figures, but basically

 I took the liberty of scaling in Bitcoin.

[Last of the V8s]

Bitcoin in Dec 2021 (more than 18 mo after halving) would be...

1. At peak (similar to 2013 and 2017)? 100k? 160K?
2. Coming off earlier blowoff peak in 2019-2020?
3. Being stuck in the doldrums, albeit with a higher price of 8K-10k?

IMHO, probabilities (from scenario 1-3) are 40%, 30%, 30%.

Your opinion?

Is your last name Bear lol?
1. 810k 25%
2. 5%
3. 2%
4. Going up fast 10%
5. Dipping 58%

[nikauforest]

do the exact opposite of what CNBC reckons and guess what happens?

https://www.tradingview.com/chart/WPRBTC/X5WuyDQn-CNBC-Bitcoin-Indicator-is-pointing-to-a-massive-rally-soon/

Very high short position at the moment. +1000 dollar rally coming soon.

[Last of the V8s]

[kronos123]

Shorts @ATH and 100M Tether printed, fasten your seatbelts

Meh, I think what is going on as of late is that traders are BTFD, when there is one down to $63xx and lower and then scalping it for modest gains of 2%-4%. Apparently, with the "invisible walls," some big fish is probably implementing this strategy. Could even blame it on Spoofy's new strategy, (if you believe in Spoofy.)

Bitfinex exchange makes average volumes of about $ 15-20 billion a month, which for 3 months make about $ 50 billion; with a commission of 0.2% per transaction makes exactly $ 100 million

These 100 million are the profits of Bitfinex for the 2nd quarter 

[Last of the V8s]

Shorts @ATH and 100M Tether printed, fasten your seatbelts

Meh, I think what is going on as of late is that traders are BTFD, when there is one down to $63xx and lower and then scalping it for modest gains of 2%-4%. Apparently, with the "invisible walls," some big fish is probably implementing this strategy. Could even blame it on Spoofy's new strategy, (if you believe in Spoofy.)

Bitfinex exchange makes average volumes of about $ 15-20 billion a month, which for 3 months make about $ 50 billion; with a commission of 0.2% per transaction makes exactly $ 100 million

These 100 million are the profits of Bitfinex for the 2nd quarter  

quite the non-sequitur
anyway, not sure about that volume and their fees are less than that for the most part https://www.bitfinex.com/fees

[Torque]

Which bcash lol is best bcash lol?

I hope they splinter off into hundreds of such shitcoin forks, each one with their own little circle jerk of hubris and nonsense.

Death by a 1000 cuts.

[infofront]

[Icygreen]

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind  

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

But 20k per coin won't do it or even @ 6k?  Hmmm..... Sounds like you won't be cashing out at 50 either when it arrives. But very good for you sir if you have enough to retire!

[Gyrsur]

SOON!!

[Biodom]

Bitcoin in Dec 2021 (more than 18 mo after halving) would be...

1. At peak (similar to 2013 and 2017)? 100k? 160K?
2. Coming off earlier blowoff peak in 2019-2020?
3. Being stuck in the doldrums, albeit with a higher price of 8K-10k?

IMHO, probabilities (from scenario 1-3) are 40%, 30%, 30%.

Your opinion?

Is your last name Bear lol?
1. 810k 25%
2. 5%
3. 2%
4. Going up fast 10%
5. Dipping 58%

none of scenarios 1-3 are truly bearish, but #3 would suck, I agree.
#2: I meant that similar peak (100-160K) occurs earlier (in 2019-2020) and btc would correcting by Dec 2021.