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

[bitserve]

Bitcoins ability to let you control your own money is becoming more important by the day. Anecdotally, but illustrative: Met another coiner who had 30-some K in the bank. He wanted to withdraw them all. They said nope, he had to come to a meeting and explain what he wanted them for. Another guy is being told by the cashier that they don't want him to withdraw as much money as he does, he had to tell them that the women he deal with are not cheap. And my bank won't let me deposit money, simply because I sell bitcoin for cash.

On a broader scale, banks are shutting down entire accounts for people on the right, which is to say, to the right of Marx. Only a few known cases so far, but there will be more, and it will keep going. How are they supposed to pay their rent? To eat? To travel? This is literally meant to destroy peoples lives, ultimately killing a percentage of them.

The price of bitcoin does not reflect its value. Nevermind speculation, bitcoin is literally becoming a matter of survival.

The problem, again, is the conversion to CASH. Banks don't want to deal with cash. Governments don't want you nor banks to deal with cash. Why? Because it is way harder to control (and TAX!).

Keep separate your cash and your banking fiat and everything with be fine. If you want to "launder" (either legally or illicit) cash into banking FIAT set up a real business that is reasonable to do cash dealings. If you want to spend lots of banking fiat, do it via credit cards.

In other words: You are using it wrong

[Ibian]

Bitcoins ability to let you control your own money is becoming more important by the day. Anecdotally, but illustrative: Met another coiner who had 30-some K in the bank. He wanted to withdraw them all. They said nope, he had to come to a meeting and explain what he wanted them for. Another guy is being told by the cashier that they don't want him to withdraw as much money as he does, he had to tell them that the women he deal with are not cheap. And my bank won't let me deposit money, simply because I sell bitcoin for cash.

On a broader scale, banks are shutting down entire accounts for people on the right, which is to say, to the right of Marx. Only a few known cases so far, but there will be more, and it will keep going. How are they supposed to pay their rent? To eat? To travel? This is literally meant to destroy peoples lives, ultimately killing a percentage of them.

The price of bitcoin does not reflect its value. Nevermind speculation, bitcoin is literally becoming a matter of survival.

The problem, again, is the conversion to CASH. Banks don't want to deal with cash. Governments don't want you nor banks to deal with cash. Why? Because it is way harder to control (and TAX!).

Keep separate your cash and your banking fiat and everything with be fine. If you want to "launder" (either legally or illicit) cash into banking FIAT set up a real business that is reasonable to do cash dealings. If you want to spend lots of banking fiat, do it via credit cards.

In other words: You are using it wrong

All of which is to say, money today is not fungible.

[rebal15]

Gentlemen, who knows why the price of an BTC falls? 
Rejected the application for the ETF BTC?

the answer is : I think that there is no solution to regulate and control BTC.

[bitserve]

Bitcoins ability to let you control your own money is becoming more important by the day. Anecdotally, but illustrative: Met another coiner who had 30-some K in the bank. He wanted to withdraw them all. They said nope, he had to come to a meeting and explain what he wanted them for. Another guy is being told by the cashier that they don't want him to withdraw as much money as he does, he had to tell them that the women he deal with are not cheap. And my bank won't let me deposit money, simply because I sell bitcoin for cash.

On a broader scale, banks are shutting down entire accounts for people on the right, which is to say, to the right of Marx. Only a few known cases so far, but there will be more, and it will keep going. How are they supposed to pay their rent? To eat? To travel? This is literally meant to destroy peoples lives, ultimately killing a percentage of them.

The price of bitcoin does not reflect its value. Nevermind speculation, bitcoin is literally becoming a matter of survival.

The problem, again, is the conversion to CASH. Banks don't want to deal with cash. Governments don't want you nor banks to deal with cash. Why? Because it is way harder to control (and TAX!).

Keep separate your cash and your banking fiat and everything with be fine. If you want to "launder" (either legally or illicit) cash into banking FIAT set up a real business that is reasonable to do cash dealings. If you want to spend lots of banking fiat, do it via credit cards.

In other words: You are using it wrong

All of which is to say, money today is not fungible.

Exactly. Not even cash really is... because (nowadays) you can't use it to buy expensive shit nor real estate, etc...

[StartupAnalyst]

Gentlemen, who knows why the price of an BTC falls? 
Rejected the application for the ETF BTC?

the answer is : I think that there is no solution to regulate and control BTC.

It turned out that for me all attempts of the state to regulate and control the BTC look like this.

[Lambie Slayer]

I guess whales dont have time or patience to Bart anymore, just straight down then straight up a few minutes later. Every trader gets bogged but hodlers always win in the end

[bitserve]

I guess whales dont have time or patience to Bart anymore, just straight down then straight up a few minutes later. Every trader gets bogged but hodlers always win in the end

It's nice for scalpers. Let them keep doing it. I have always loved volatility. Problem is that this is still very low volatility for me, being a minion my ranges are usually wider.

Other than that it is completely irrelevant for hodlers. Just insignificant noise.

P.S.: I have the suspicion this last dump has come from the same whale of the last time.

[El duderino_]

JoJo, me out early ....———> into HODLstation

good night WO’s———> small pump, grow my little green dildo’s

[HairyMaclairy]

This has been a bullish dump

[StartupAnalyst]

JoJo, me out early ....———> into HODLstation

good night WO’s———> small pump, grow my little green dildo’s

Good night Mic.

At the same time, somewhere in the world, something began to move in Bob's pants.

[Biodom]

With all due respect, why are we supposed to repeat prior flat mo for mo?

So far, at a macro level, it matches almost exactly.  Don’t ask me why, I just work here.

Everyone expected a plunge in January because it would be the same as in 2015, but it happened in December instead, so not really almost exactly.
I grant you that there is some similarity so far, but IMHO, this would go away soon.

[bitserve]

With all due respect, why are we supposed to repeat prior flat mo for mo?

So far, at a macro level, it matches almost exactly.  Don’t ask me why, I just work here.

Everyone expected a plunge in January because it would be the same as in 2015, but it happened in December instead, so not really almost exactly.
I grant you that there is some similarity so far, but IMHO, this would go away soon.

One of the bigger differences will probably be that the next bull run won't be as much explosive as the previous ones. Otherwise Bitcoin would reach a ridiculous price... something I don't think will happen with just one single bull run. The curve must tend to gradually flatten. How much? Noone knows.

[BTCMILLIONAIRE]

With all due respect, why are we supposed to repeat prior flat mo for mo?

So far, at a macro level, it matches almost exactly.  Don’t ask me why, I just work here.

Everyone expected a plunge in January because it would be the same as in 2015, but it happened in December instead, so not really almost exactly.
I grant you that there is some similarity so far, but IMHO, this would go away soon.

It could very well have moved ahead by whales anticipating it and not wanting to risk shorting too late.

[jojo69]

dump

DENIED!

[BTCMILLIONAIRE]

dump

DENIED!

jinx in progress

[HairyMaclairy]

Badger doesn’t want to rescue my wee outstanding short.  So sad. Too bad.

[mirakal]

This has been a bullish dump

LOL, looking forward to seeing the opposite, bearish pump?

[BTCMILLIONAIRE]

This has been a bullish dump

LOL, looking forward to seeing the opposite, bearish pump?

Wouldn't that imply a weak pump into a down trend? Getting ready to 80x short?

[Biodom]

With all due respect, why are we supposed to repeat prior flat mo for mo?

So far, at a macro level, it matches almost exactly.  Don’t ask me why, I just work here.

Everyone expected a plunge in January because it would be the same as in 2015, but it happened in December instead, so not really almost exactly.
I grant you that there is some similarity so far, but IMHO, this would go away soon.

One of the bigger differences will probably be that the next bull run won't be as much explosive as the previous ones. Otherwise Bitcoin would reach a ridiculous price... something I don't think will happen with just one single bull run. The curve must tend to gradually flatten. How much? Noone knows.

We keep declining above 80% (84-94%) after each peak, however, we increase smaller and smaller % in each cycle.
This would result in a lower low after a couple of cycles.
If the decreasing trend in X-factor increase of each peak (X36 to X17 to X8 to X3.76 to X1.77; bold numbers indicate what already happened) is followed by about 84% plunge each time, then btc would peak at about 595K and then starts declining with lower lows for both peak and trough each time 595K (peak) to 95K (trough), then 95K to 168K (peak), then 168K to 27K (trough), etc.

[jojo69]