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

[StartupAnalyst]

[goldkingcoiner]

if schmif

Obviously.

[leetlezee]

Essentially the point is that institutional investors want to buy up large quantities of Bitcoin without moving the price. So if they are only buying OTC from Bitmain and other large miners, and the "halvening" happens in 589 days... then I would agree that could easily be where the increase in price comes.

When I said "probably well before the halvening", I was thinking along the following lines.

Lately, volume on traditional exchanges has been ridiculously low. I think this might not be tightly connected with shark buyers going OTC; they have been doing things that way for a while already. The issue is small fish losing interest, patience, fiat money, or all of the above. As soon as all these things build back up, exchange prices must inevitably get a push. Any sign of a bull market will likely trigger a wave of small fish FOMO that will be impact prices for all to see, including MSM. Which will likely create some feedback loop and we'll be back to late 2017 scenarios.

Maybe we should ask Jamie Dimon. I bet he has a pretty good idea of when that might be.

So, who calls him? Will you or should I?  

I'd call Jamie Dimon, but I think he blocked my number due to my efforts to call out his BS in 2017.  

I agree, retail interest in Bitcoin is very low right now, which gives the sharks plenty of room to swim without interference. But once we see some news that spikes enough people's interest, the domino effect will take place like in 2017:

• Institutional investors quietly buying Bitcoin...
• Some announcement drives decent interest in buying Bitcoin
• Bitcoin price goes ^
• "Bitcoin Bull Run Again?" in news cycle
• People start FOMO and buy BTC
• Bitcoin price goes ^^
• More news cycles about Bitcoin "Bitcoin Goes on a Real Tear This Time, Will We See $1,000,000? Jamie Dimon Says Yes"
• More people FOMO buy
• Bitcoin price ^^^
• News cycles go wild, your grandma sees it and calls you to ask you to help her buy Bitcoin
• Institutional investors taking profit $$
• Bitcoin price ---
• People tell themselves this is consolidation before more ^^^
• Institutional investors finish taking profit $$$, start shorting
• Bitcoin price \/
• People say, "just people taking a little profit before hitting the REAL bull run"
• Bitcoin price \/\/
• People start getting a little worried about a repeat, not buying any more
• Institutional investors get busy shorting
• Bitcoin price \/\/\/
• People start reverse FOMO, selling all their holdings
• Bitcoin price \/\/\/\/\/
• Institional investors cashing in shorts... $$$$$$$
• Retail investors lose their shorts
• Bitcoin bottoms and cycle starts all over again

[afbitcoins]

Bitcoin

chart

Indicators are exactly in the middle. Bitcoin trying to bust out the thin end of a wedge. I like the upside more than the downside. Everything getting too tight. Big moves coming?

[goldkingcoiner]

fixed that for you

[StartupAnalyst]

fixed that for you

Thank you, good manual turned out!

[afbitcoins]

fixed that for you

The first version made me laugh more

[StartupAnalyst]

fixed that for you

The first version made me laugh more

The first version is a brief description of my investment in 2018!

[crypmike]

Bitcoin

chart

Indicators are exactly in the middle. Bitcoin trying to bust out the thin end of a wedge. I like the upside more than the downside. Everything getting too tight. Big moves coming?

It is coming past few weeks  

Still waiting

[crypmike]

ICO market is dead. Probably now it's the right time to invest

[Torque]

Eh, WTF?  chili fries, watch it bud    Its called Poutine and its fun to say.

Poutine is with gravy, not chili.

Original Joe's is a steakhouse that originated in San Jose, California, and they serve steak with fries as an option.  The original is gone (I think) but many still exist up and down the Cali coast.  

Sheeit, in the Midwest and South you see steak served with fries *everywhere* (outside of a 5-star restaurant, that is).

[Last of the V8s]

https://taskandpurpose.com/sailor-mom-viral-tweet/

[goldkingcoiner]

...

..

The first version made me laugh more

It's not supposed to be funny. It is supposed to fill your heart with anger and hatred for all altcoins. Feel the burning fury, the unlimited fiery passion of hating altcoin! The only thing that will sooth your soul is moar bitcoin....

[smartcomet]

Introducing the 310 BTC Bitcoin Challenge
https://bitcointalk.org/index.php?topic=5042285.0;topicseen

Thinking about ideas on how to do this I finally created a bitcoin challenge where BTC is to be found, hidden in a digital picture.
I have to admit it wasn't as easy as I projected and I had to exchange all airdrops for BTC.
While this wasn't a easy process for all of them, creating the picture was the most difficult since I'm not a artist myself.


Today, finally, I can announce the 310 BTC Bitcoin Challenge.

Yes, that's correct, there's 310 BTC hidden in the picture.

[StartupAnalyst]

The first version made me laugh more

It's not supposed to be funny. It is supposed to fill your heart with anger and hatred for all altcoins. Feel the burning fury, the unlimited fiery passion of hating altcoin! The only thing that will sooth your soul is moar bitcoin....

Somewhere in the perfect parallel universe...

[JayJuanGee]

If we can hold the $6k floor through to the end of January, then it’s on like Donkey Kong.

...and if we can't, a conservative short might be the ticket.

You are vocalizing this "shortie thingie ma jiggie" a lot, recently.  Getting me worried in a kind of maternal sense.

[JayJuanGee]

fixed that for you

The first version made me laugh more

That's because your false alt-coin equivalencies' brain is too clouded by some kind of an inability to differentiate the value of bitcoin from the shitcoins.

[JayJuanGee]

ICO market is dead. Probably now it's the right time to invest

We've devolved into an ICO pumping thread, too?  Why not take that to an Ethereum thread?  or maybe a Bcash thread, I heard that Bcash is becoming more friendly to the ICO ideas to help to possibly give them a purpose.

[windjc]

Essentially the point is that institutional investors want to buy up large quantities of Bitcoin without moving the price. So if they are only buying OTC from Bitmain and other large miners, and the "halvening" happens in 589 days... then I would agree that could easily be where the increase in price comes.

When I said "probably well before the halvening", I was thinking along the following lines.

Lately, volume on traditional exchanges has been ridiculously low. I think this might not be tightly connected with shark buyers going OTC; they have been doing things that way for a while already. The issue is small fish losing interest, patience, fiat money, or all of the above. As soon as all these things build back up, exchange prices must inevitably get a push. Any sign of a bull market will likely trigger a wave of small fish FOMO that will be impact prices for all to see, including MSM. Which will likely create some feedback loop and we'll be back to late 2017 scenarios.

Maybe we should ask Jamie Dimon. I bet he has a pretty good idea of when that might be.

So, who calls him? Will you or should I?  

I'd call Jamie Dimon, but I think he blocked my number due to my efforts to call out his BS in 2017.  

I agree, retail interest in Bitcoin is very low right now, which gives the sharks plenty of room to swim without interference. But once we see some news that spikes enough people's interest, the domino effect will take place like in 2017:

• Institutional investors quietly buying Bitcoin...
• Some announcement drives decent interest in buying Bitcoin
• Bitcoin price goes ^
• "Bitcoin Bull Run Again?" in news cycle
• People start FOMO and buy BTC
• Bitcoin price goes ^^
• More news cycles about Bitcoin "Bitcoin Goes on a Real Tear This Time, Will We See $1,000,000? Jamie Dimon Says Yes"
• More people FOMO buy
• Bitcoin price ^^^
• News cycles go wild, your grandma sees it and calls you to ask you to help her buy Bitcoin
• Institutional investors taking profit $$
• Bitcoin price ---
• People tell themselves this is consolidation before more ^^^
• Institutional investors finish taking profit $$$, start shorting
• Bitcoin price \/
• People say, "just people taking a little profit before hitting the REAL bull run"
• Bitcoin price \/\/
• People start getting a little worried about a repeat, not buying any more
• Institutional investors get busy shorting
• Bitcoin price \/\/\/
• People start reverse FOMO, selling all their holdings
• Bitcoin price \/\/\/\/\/
• Institional investors cashing in shorts... $$$$$$$
• Retail investors lose their shorts
• Bitcoin bottoms and cycle starts all over again

I am not sure why this narrrative - that institutional investors always make the right calls and own the markets while retail investors always get killed- is so prevalent in crypto psyche. Most of bitcoin richlist are retail investors. Meanwhile funds drove the ICO craze and got killed. But whatever excuse you want to make as to why you’re not wealthier, go right ahead if it makes you feel better.

[Searing]

ICO market is dead. Probably now it's the right time to invest

Looked into a couple ICO's, they said they were not allowed in the USA. Is that true for all now?

not really into ICO's but curious...

brad