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

[nutildah]

Its now Monday in most of the world, voting day here in the PI (no alcohol for sale all day boo....), but I have a new haiku anyway:

Yay, a new laptop!
Can thank BTC for that.
Goodbye phone posting!

Good, which  one did you buy

Its a HP ProBook, thanks for asking. Not very glamorous but it will get the job done!

They put a 70% tax on imported electrical goods here, and since they don't make their own computers, its really a bitch to find a decent laptop at a reasonable price. Don't know why they do that -- its like they are making it harder for their own people to be technologically competitive. Its really hard to find a job online if you are trying to make a resume on your cell phone.

They have 1 cell phone manufacturer, called MyPhone, and while the name sounds a bit cheesy I bought my girlfriend one of their tablets over a year ago for $60 and it still works great. It really was life changing for her. I would buy their brand laptop if they made one.

[LFC_Bitcoin]

@mic - I’m not too disappointed because we have the CL Final to come. I’d rather win that any way, much more prestigious trophy.

I’m off to Budapest tomorrow for 4 days, going to try & find some cool bitcoin cate’s or something to show you guys.

$7,000 feels great doesn’t it. $3189 or whatever the bottom was looks so far away now doesn’t it.

[arcmetal]

.....

You're comment reminded me of a conversation I had with a no-coiner a few summers back.  He was certainly a negative nancy to all my comments about bitcoin.  Finally it came down to me asking him "so would you ever consider buying some bitcoin?", to which he replied "yes, but not until it has become commonplace, and less volatile."

And so I says, that may not happen until it has reached $ 1 million, are you sure you'd wait until then?  And his response was "yes". ...

He may have been serious, or maybe just spiteful, its tough to say.  The best analysis I have of this is to compare it to the invention of the telephone.  There are some that would buy it right away, to have the newest thing, and then there are some that would wait until everyone has a phone before buying it, because why would you own it if hardly anyone you knew had one.  I realize the differences between these two inventions, but I'm just trying to rationalize of waiting to buy bitcoin at $ 1 million.

It might just be that some are happy to wait until it becomes a household item like a telephone, or a teapot, and they have no interest in making extra money on its path to that end.

I would say his responses are more indicative of his fear of loss as well as need to stay with the herd.

Many people exhibit this irrational response to a highly speculative investment.  They are not willing to risk any small loss, even for the prospect of a very large gain. 'Safety' in that type of view, is worth more than any potential reward from a gamble.

Yes, this is something I've noticed with most.  Naturally, why would they wish to risk anything on something they don't quite understand.  I know I wouldn't spend money on something that didn't make sense to me or I didn't find a use for.

But as time passes, knowledge of a new technology slowly seeps into the common lexicon, and in turn creating new bull runs.

[Wekkel]

This fools’ rally has set us back for at least another year.

[Paashaas]

That recent dump was pathetic.

Next stop is $8000 - $9000.

[UnDerDoG81]

I bet if we stay at these levels for 24-36 more hours, the bears will come out and drop it to sub 6k or lower. I remember this pattern from the past.

[realr0ach]

why would they wish to risk anything on something they don't quite understand.  

This dumb comment is virtually identical to black people's explanation for 'raycism' - "they just be ignorant".  No, white people are racist due to knowledge, not because "ignorance".  They know the crime statistics have blacks committing violent crimes at a rate of something like 10x higher than everyone else.  They're not avoiding moving to Detroit because of ignorance.

Same with bitcoin. I'm not "scared" or "ignorant" of bitcoin.  I'm not all-in on digital shitcoins because I know TOO MUCH about them and know they have zero fundamentals because they're designed to centralize.  You clueless scammers with barely any knowledge about how these things work keep parotting nonsensical slogans when it's not even possible to create a decentralized digital currency in the first place.  Transaction validators are always designed to centralize; combine that with tokens being non-fungible and you have a completely dystopian permissioned ledger.

[ProfTP]

This is going much faster than expected.

And things can go even much faster in the coming weeks and months.


All these tiny bumps on the way up are super bullish.

Lets keep that price for some time for some good growth and lets have a new ATH this year,
i know it sounds crazy and unreal but this correction from the low in the winter is so surprising to alot of people that we can have a big FOMO run and then a nice correction before the halvening.
That will give us lots of media attention that is needed for the super run after the halvening.
That will be the start of the mass adaption run, before that it will be the run for the people who heard of crypto in 2017 and 2018 and are watching right now with money on their hand and are undecided yet.


So good to have this run out of the dark zone and closer to the light.

[realr0ach]

This fools’ rally has set us back for at least another year.

Maybe you'll get lucky and it's insider trading front running some type of event.  I clicked the (((Alex Jones show))) today to see what type of nonsense he was talking about and he was shilling FOR the overthrow of Venezeula AND for war with Iran LOL.  He's not even trying to hide it anymore the only purpose of his show is to try and deflect attention away from the Jews for things like 9/11 (USS Liberty 2.0) and now to read line by line verbatim Mossad propaganda.

[Kylapoiss]

Nice to see the price rising when checking it once a week only

gogogo!

[d_eddie]

Hahaha that’s about correct.

They make it really easy to use leverage on longing or shorting so that makes it appealing.  But it is a home of deep fuckery and the volume and order books are completely fake and their in-house trading team is front running trades.  Hard work to consistently make a profit there.  

... unless you stay under the radar with small trades.

And only use pre-set limit orders - never market orders or market stops...

Definitely. Their supposed huge liquidity has a habit of going into hiding just when it's most needed.

However, slippage is less critical for small trades.

[LFC_Bitcoin]

This fools’ rally has set us back for at least another year.

[MrFreeRoMan]

This fools’ rally has set us back for at least another year.

via Imgflip GIF Maker

[realr0ach]

If JayJuanGee & Micgoossens are at the scene, what else could you call it besides a fool's rally?

[fragout]

Action to the upside or downside within the next few hours

[gentlemand]

Bitfinex claim their wee sale is complete and they're whole again. They say the majority was raised from Ifinex, um, so perhaps it's now only 10% backed or something.

https://twitter.com/paoloardoino/status/1127839301218254851

They will still be here after we've evolved into brains in jars and departed the solar system.

[serveria.com]

Action to the upside or downside within the next few hours

If you haven't realized it yet we are going up already. Slow but steady. No sideways man.

[HairyMaclairy]

Loud and proud

[Wekkel]

This fools’ rally has set us back for at least another year.

Whatchu on about? You still think the bottoms not in? REALLY?

The move is going too fast. It will break if not already the case. Buyers will be wondering where their $100k Bitcoin is. Delusion and sorrow will spread. Price will be sideways and choppy for months/a year. No one will touch the Bitcoin for considerable time. At least, not the masses who’s influx should bring us towards $100k.

Or do you think moms and pops are buying into and causing the current rally?

Someone is continuously off loading coins, big time  
Suckers’ rally.

[HairyMaclairy]

Look at the chart above your post.  We are only 5 months ahead of schedule right now.  We should be hitting this price in November 2019 in any event.  Do you really think that this is a big deal?