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

[VB1001]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

[JayJuanGee]

Am I going to be the first to say, welcome back $8,000 our dear friend.

Hope to see more of you in the rear view mirror.     

[VB1001]

^
You have to have a very large mirror.

[alevlaslo]

BTC will be long in the sidewall, take altcoins

[VB1001]

The raw SOPR is slightly over 1. It seems that current SOPR levels are really decreasing the supply, so prices get a harder time going lower.

But the really interesting thing this time is the 7d median SOPR. It's closer to 1 now, but still not there. The median SOPR seems to be a better trading indicator, since it removes some of the noise created by random big address moving coins around.

Another interesting thing is the average output lifespan. It's very low, denoting that mainly short lived outputs are being moved. One more time it implies that long time holders are not moving/selling their coins.

https://twitter.com/renato_shira/status/1137056836971040768

Introducing SOPR: spent outputs to predict bitcoin lows and tops

https://medium.com/unconfiscatable/introducing-sopr-spent-outputs-to-predict-bitcoin-lows-and-tops-ceb4536b3b9

[JayJuanGee]

^
You have to have a very large mirror.

Just seemed like a good thing to say.   

[VB1001]

edit:

I start to fail my central hard drive

Already published by @Last of the V8s

https://bitcointalk.org/index.php?topic=5138321.0

[Saint-loup]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

Very interesting news!  
thank you

Edit: I found the original quote

Is the Halving Priced In?
 

The halving is close enough that it’s time to start talking about it more seriously, but far enough out in the future that it’s unclear whether it’s priced into the market efficiently. In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event. Moreover, according to Unchained Capital, less than 32% of the bitcoins in circulation have remained in the same wallet addresses since July 2016.3 This is consistent with our own determination that a large number of existing bitcoin holders are investors who have entered the market in the last three years. For many of them, this is uncharted territory and could very well be their first halving event.

While some investors in the digital asset ecosystem appear to have a short-term bias, strategies with a multi-year investment horizon and the discipline to hold strategic positions in Bitcoin through these events have historically generated outsized returns. For example, in the one-year periods following the first and second halvings, bitcoin’s price rose by roughly 81x and 3x, respectively.

https://grayscale.co/the-next-bitcoin-halving/

[El duderino_]

^^^
Btw

An HAT update for spaceman could look awesome witheout white and with 3D   

 Another day, another mind-boggling adventure.



 avatar-sized

This is just a very COOL looking Avatar

[LFC_Bitcoin]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

Very interesting news!  
thank you

Edit: I found the original quote

Is the Halving Priced In?
 

The halving is close enough that it’s time to start talking about it more seriously, but far enough out in the future that it’s unclear whether it’s priced into the market efficiently. In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event. Moreover, according to Unchained Capital, less than 32% of the bitcoins in circulation have remained in the same wallet addresses since July 2016.3 This is consistent with our own determination that a large number of existing bitcoin holders are investors who have entered the market in the last three years. For many of them, this is uncharted territory and could very well be their first halving event.

While some investors in the digital asset ecosystem appear to have a short-term bias, strategies with a multi-year investment horizon and the discipline to hold strategic positions in Bitcoin through these events have historically generated outsized returns. For example, in the one-year periods following the first and second halvings, bitcoin’s price rose by roughly 81x and 3x, respectively.

https://grayscale.co/the-next-bitcoin-halving/

Every time the halving comes near we get FUD with people saying it’s priced in.
So far post halving we have had a parabolic rise. I think we can safely say that no, the halving is never priced before it happens.

There are less coins being mined post halving therefore coins are more scarce. It’s all about supply & demand, if you reduce the supply then demand increases which naturally makes the price go up.

[MrFreeRoMan]

All you have to do is HODL & don’t panic sell. Bitcoin (so far in its lifetime) is the best investment you can make. Almost guaranteed profits if you have patience.

Amen.

Simply don't ever sell unless you absolutely must. Don't sell because the price goes up or down. Sell only because you need specific goods or services.

Trading is a sucker's game.

[El duderino_]

^
+1 mer.

(Few days to replenish )

But thats the best fizzy drink a have seen lately 

[serveria.com]

All you have to do is HODL & don’t panic sell. Bitcoin (so far in its lifetime) is the best investment you can make. Almost guaranteed profits if you have patience.

Amen.

Simply don't ever sell unless you absolutely must. Don't sell because the price goes up or down. Sell only because you need specific goods or services.

Trading is a sucker's game.

Wow we all need this energy drink now! #HODL!

Can we order online?

[ivomm]

According to Grayscale, many investors are not aware of the bitcoin block reward halving.
As such, it still remains a key factor for the price and it is not completely priced in.

"We were surprised to learn that many of them were not even aware of this event." (Grayscale)

https://twitter.com/iamjosephyoung/status/1136949078879744000

Very interesting news!  
thank you

Edit: I found the original quote

Is the Halving Priced In?
 

The halving is close enough that it’s time to start talking about it more seriously, but far enough out in the future that it’s unclear whether it’s priced into the market efficiently. In fact, based on anecdotal conversations with market participants, we were surprised to learn that many of them were not even aware of this event. Moreover, according to Unchained Capital, less than 32% of the bitcoins in circulation have remained in the same wallet addresses since July 2016.3 This is consistent with our own determination that a large number of existing bitcoin holders are investors who have entered the market in the last three years. For many of them, this is uncharted territory and could very well be their first halving event.

While some investors in the digital asset ecosystem appear to have a short-term bias, strategies with a multi-year investment horizon and the discipline to hold strategic positions in Bitcoin through these events have historically generated outsized returns. For example, in the one-year periods following the first and second halvings, bitcoin’s price rose by roughly 81x and 3x, respectively.

https://grayscale.co/the-next-bitcoin-halving/

Every time the halving comes near we get FUD with people saying it’s priced in.
So far post halving we have had a parabolic rise. I think we can safely say that no, the halving is never priced before it happens.

There are less coins being mined post halving therefore coins are more scarce. It’s all about supply & demand, if you reduce the supply then demand increases which naturally makes the price go up.

This is indeed the most ridiculous FUD attempt I've ever seen! It made me laugh But in case some n00bs could be mislead, here is what I think: The price is not determined by the investors, but by the daily traders. They sell, buy, short, long, etc. and always look for a daily profit. They are not interested what the price will be after 1 year. Otherwise, they would be called investors and won't do short/long positions. Now, when a big investor appears on an exchange (or rather OTC, but let's say that the OTC desk pulls bitcoins from all major exchanges), he may move the price up to 20% in a day. But - and this is very important - if the daily market can't sustain that price, it will fall immediately! So, again traders play the main role of the price forming. And as I said, one year for them looks like an eternity. To say that the halving is priced in, it would mean that the price reached the top and it will fall soon - that is the hidden FUD in this statement. It may be true only if in the last weeks before the halving, we are way beyond the current ATH - $40-50K at least. Then we could expect some pullback, but in several months the reduced supply would restore the balance. Then nobody will know what the real price should be - with reduced supply and million new investors and traders entering the exchanges it is difficult to make predictions. So what usually happens is that the price continues to follow its parabolic graph untill it can't be sustained and some bigger corection comes. The exact values nobody can predict now. What we see as doom and gloom charts is done by n00b shorters, who just entered the market and realized that they can post their shit charts in various forums to influence others. And to go against the bull trend with charts and explanations like these is as if a child is trying to move the ocean with its little bucket. It has the faith but not the resources obviously  

[JSRAW]

That's my energy drink folks  not quite similar but straight out from the local dairy farm.

And BTC Price playing ping pong every week with us tbh. down during the midweek and pump at the end of the week. somehow it reminds me of someone IRL  #NotaDirtyjoke

[MrFreeRoMan]

Wow we all need this energy drink now! #HODL!

Can we order online?

I delivered here




try here! I dont know
https://aredi.ru/bitcoin_energeticheskiy_napitok_250_ml_na_kripto_valyuty_7661901010.html

[Royse777]

Can we do a investigation in Hal Finney`s Death?

^^
The guy popped in and questioning nonsense LOL

I thought this is the best place to post it here. I hope you guys will visit and leave your points if there is any.

Cheers :-)

[El duderino_]

https://twitter.com/ICO_advisor/status/1137280536114847744

[elrippos friend]

Welcome back $8k

I LOVE IT

Nice 

[LFC_Bitcoin]

I just bought £500 worth so you can thank me for the cheap coins because it’s bound to go down now, it always does shortly after I buy