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

[JayJuanGee]

Under $3,400 let's see what sticks or maybe the bottom isn't in.

Now its above $3,400.

Seriously, you guys should stop biting off your nails at every $100 mark test. The bottom is currently $3220, or thereabouts -- almost $200 away. It's not time to get out the revolver or the cyanide until it breaks clean below $3200.

Regarding current bottom, you are $100 off, which could make a difference, these days.

Our current bottom is $3,122 on December 15 (As always, talking about our WO reference of Stamp here, of course). 

[1714216787]

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[1714216787]

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[1714216787]

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[bitcoincidence]

Under $3,400 let's see what sticks or maybe the bottom isn't in.

Now its above $3,400.

Seriously, you guys should stop biting off your nails at every $100 mark test. The bottom is currently $3220, or thereabouts -- almost $200 away. It's not time to get out the revolver or the cyanide until it breaks clean below $3200.

didn't kill blondie yet...

[JayJuanGee]

Is the doomsday near?
this is so heart breaking... liqui.io was not a big exchange but still... its happening 1+1+1+.....

Liqui has been always a shady exchange. Thanks for letting us know.

Does not look shady if they are giving everyone's money back.

[Febo]

https://www.reddit.com/r/Bitcoin/comments/akl4on/oc_how_many_people_are_using_bitcoin_by_country/

The most surprising here are India and Indonesia. I thought compared to how popular is internet in India and how popular are Gold and cash there, Bitcoin is way behind. I guess just news dont come out.

[JayJuanGee]

There are some recent hypothesizing that if he does not get thrown in jail in the coming years, he will likely, inevitably, end up coming back to bitcoin.. but I have some difficult times seeing that anytime soon, and he may just go down with the ship and keep Bcash alive for 30 years, finding ways to profit off his ongoing scam and deception in this wild wild west of crypto, and really there are plenty of status quo that would not mind funding his ongoing deceptions in an effort to continue to attempt to undermine bitcoin.

Honestly, i'd rather know that he is behind bars instead of seeing his face at BTC again.
My first and ever BCH transaction took 22 minutes to confirm, btw.

The odds of Roger going behind bars at any time in the near future don't seem too high right now, and seems merely like wishful thinking, even though we have seen Roger engaging in some pretty manipulative, emotional and childish behaviors....

Does his conduct in this BTC/crypto wild wild west cross criminal legal lines that would put him in jail?  And what jurisdiction is going to do it?  To me, it seems too early to speculate on that kind of wishful thinking.

[JayJuanGee]

Is the doomsday near?
this is so heart breaking... liqui.io was not a big exchange but still... its happening 1+1+1+.....

Liqui has been always a shady exchange. Thanks for letting us know.

Does not look shady if they are giving everyone's money back.

Am I misunderstanding them? I figured if they can not guarantee liquidity for the current users that means they don't have what's in people's wallets online? Right

Maybe it is unclear?  They said that users can get their money in 30 days (whether that part is true will be determined in 30 days, I suppose.. just enough time for a get away... hahahahahahaha).

I think that liquidity for trading and liquidity for refunding money are two different things.  In other words, they could have enough money to provide refunds, but not enough trading traffic to make their system work well (which they seem to assert that such lack of trading liquidity had been causing its own issues).

[ðºÞæ]

https://twitter.com/SoundMoneyz/status/1089216802100572161

another FUCK you @rogerver, sorry couldn't cover this F*** word, I hope you guys understand.

Two Bitcoin Hardforks (right and left leaning) argue who is the correct hardfork.
Hardforking creates trouble, without the 27 Dec. 2017 hardfork Bitcoin cash would not exist and none of the other 50 or so hardforks all because of a hardfork.
Down with hardforks, all of them.

[Wekkel]

A nice heart warming message. We may not have seen the low yet, but evidence of bottoming is increasing: https://twitter.com/woonomic/status/1089444492363485184?s=19

[HairyMaclairy]

Edit:
Also HM your "overlay" is incorrect.

Lies


In what sense is it incorrect?

It is simply incorrect because history rhymes. Your construction of overlay diminishes the obvious delay in timing from the previous movements to the current movements that are taking longer to develop. You will see soon enough when you shake it like a Polaroid picture!

Fair enough.  

I think that the halvening (supply reduction) remains the primary driver of price over the long term.   I also think that the “longening” (increase in Bitcoin price cycle time) is inconsistent with the halvening being fixed 4 year periods, more or less.

 In other words I do not believe in the longening and think it is just an artifact of historic price battles.  

We shall see soon enough whether I am wrong and the longening is a thing.  I would say that the longening is a thing if the price is still doing poorly, at or below this level in December.

[JayJuanGee]

https://twitter.com/SoundMoneyz/status/1089216802100572161

another FUCK you @rogerver, sorry couldn't cover this F*** word, I hope you guys understand.

Two Bitcoin Hardforks (right and left leaning) argue who is the correct hardfork.
Hardforking creates trouble, without the 27 Dec. 2017 hardfork Bitcoin cash would not exist and none of the other 50 or so hardforks all because of a hardfork.
Down with hardforks, all of them.

Huh?   The bcash hardfork happened on August 1, 2017?  Are you referring to some additional event on Decembr 27?  or did you just get the date wrong?   

[El duderino_]

via Imgflip Meme Generator

[realr0ach]

In other news, Bob has been drafted by the NFL:

[JayJuanGee]

Edit:
Also HM your "overlay" is incorrect.

Lies


In what sense is it incorrect?

It is simply incorrect because history rhymes. Your construction of overlay diminishes the obvious delay in timing from the previous movements to the current movements that are taking longer to develop. You will see soon enough when you shake it like a Polaroid picture!

Fair enough.  

I think that the halvening (supply reduction) remains the primary driver of price over the long term.   I also think that the “longening” (increase in Bitcoin price cycle time) is inconsistent with the halvening being fixed 4 year periods, more or less.

 In other words I do not believe in the longening and think it is just an artifact of historic price battles.  

We shall see soon enough whether I am wrong and the longening is a thing.  I would say that the longening is a thing if the price is still doing poorly, at or below this level in December.

A little bit of a strange speculative indicator that you raise here, namely "longening", and surely a long amount of history of several more cycles would likely be needed to determine with any kind of certainty whether a "longening" is actually happening.  I doubt that you would be able to determine such a phenomena from this exact cycle, even though it is not a bad talking point.

Regarding the halvening, the percentage of its affect in respect to BTC supply is certainly a less and less proportion of the bitcoin, so it will seem to have diminishing importance in the future, even though I would agree with you that today, that halvening plays a considerable role today, and perhaps bordering on a "primary driver" role as you assert.

[El duderino_]

via Imgflip Meme Generator

https://twitter.com/redditbtc/status/1089949085967269889?s=21

[HairyMaclairy]

Does anyone know why the order book on stamp looks so different than elsewhere? On stamp there seems to be much more buy support than sell resistance. Eg buying 1250 btc on stamp now will bring the price up over 17% while selling the same amount will bring it down less than 3%.

However stamp volumes and walls are tiny compared to other exchanges (but other exchanges have more fake volume and walls) and according to https://data.bitcoinity.org/markets/books/USD the buy and sell walls are much more evenly matched (when I looked just earlier the sell walls were even larger than the buy walls across exchanges).

What is the truth? Does binance have too large an influence on the overall figures?

Stamp is the price leader most of the time and has to be taken seriously.

[ðºÞæ]

https://twitter.com/SoundMoneyz/status/1089216802100572161

another FUCK you @rogerver, sorry couldn't cover this F*** word, I hope you guys understand.

Two Bitcoin Hardforks (right and left leaning) argue who is the correct hardfork.
Hardforking creates trouble, without the 27 Dec. 2017 hardfork Bitcoin cash would not exist and none of the other 50 or so hardforks all because of a hardfork.
Down with hardforks, all of them.

Huh?   The bcash hardfork happened on August 1, 2017?  Are you referring to some additional event on Decembr 27?  or did you just get the date wrong?  

Right leaning Bitcoin hardforked on 27 December (Segwit)
Left leaning Bitcoin hardforked August 1, 2017
Silver Bitcoin hardforked October 2011
Down whit all hardforks

[Last of the V8s]

How the left see the red hats

[kenzawak]

https://twitter.com/DataLightMe/status/1088481586180489216

[El duderino_]

https://twitter.com/lopp/status/1089872332900962305?s=21

Awesome

[kenzawak]

https://twitter.com/DataLightMe/status/1088481586180489216

Pretty interesting page :
https://twitter.com/DataLightMe