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

[Icygreen]

gotta see if I can actually live a normal life without a bank.

I've been doing it for a few years now myself... almost. I don't have a bank account at present but I do have a credit card.

Hey Jimbo and other Canadians,
Anyone using https://bullbitcoin.com/?
Supposedly the first exchange/payment portal that makes customers hold their own BTC, does not trade other coins and offers Canadians an avenue for any bill payments using BTC.  

I've registered then decided not to follow through until I hear from someone else that its working. I think something in the terms read funny and I chickened out.  

Happy summer, I've been busy and mostly in lurk mode but staying up to date (mostly) with the thread.

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[JayJuanGee]

We need a $800 pump to wake everybody up.

$12576 in one hour

If this happens, it won't stop there. It will go to the new AYH. (>$14.5k) I got a feeling. 

So....... Mic’s going to the toilet, taking a Seat, checking latest Posts from WO on the phone

WoW reads 12567 in one hour, followed by a bullish mindrust talking about AYH’s etc

Mic instant checks the price....... 11.667 

Now the taking a sh*t went from euphoric to just usual business

Just don't be allowing your team to provide any pics of your alleged "usual business." 

The rest of WO can thank me in advance for this "practical" suggestion.

We are a few hours later, I guess that moment is already been passed.....

Whew!!!   Saved by the bell.

[JayJuanGee]

We need a $800 pump to wake everybody up.

$12576 in one hour

If this happens, it won't stop there. It will go to the new AYH. (>$14.5k) I got a feeling.  

So....... Mic’s going to the toilet, taking a Seat, checking latest Posts from WO on the phone

WoW reads 12567 in one hour, followed by a bullish mindrust talking about AYH’s etc

Mic instant checks the price....... 11.667  

Now the taking a sh*t went from euphoric to just usual business

Just don't be allowing your team to provide any pics of your alleged "usual business."  

The rest of WO can thank me in advance for this "practical" suggestion.

We are a few hours later, I guess that moment is already been passed.....

Then now it is time to tell about the sad part... If it doesn't go above $12.5k (which it didn't), get ready for sub $10k  

I doubt that bitcoin works like that.  There is no "must" in bitcoin.  There's no must in rust, either. 

[HairyMaclairy]

At the mere cost of counterparty risk.

Yup, I pointed that out last time he was mentioning it.

How do you withdraw a stable coin to your bank?  Do you mean a wallet?

What makes you confident this isn’t fractional reserve banking ?

Well apparently they are licensed and monitored by the New York Department of Financial Services which is brutal to get so that adds confidence and no-one can ever tell if something is fractional reserve without having their books open which I don't know of any portal that does, do you?

I am not shilling this only keeping you guys informed of my efforts since I as a US resident have run into these intrusive roadblocks to offramps to fiat and this is the first I've found that is quick, cost effective,non intrusive and apparently safe. What more can one ask for?

They don't even have a referral link so I make nothing mentioning them. I have just waded through tons of offramps that are all closed and wanted to share one that works for US residents.

AFA withdrawing the stablecoin I think it is just a token they use like every DEX out there for trading purposes and it is 1 to 1 on their literature and also that is what they stated when I called them. But also There is literature that stated they are partnered with Binance but I could find no way to get their stablecoin on binance so I just transferred in BTC.

Also their headquarters are in NY so I can sue them without trying to get them extradited which is kind of a huge thing.

Ok interesting. One to watch. 

[mindrust]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

[gentlemand]

Ok interesting. One to watch.  

I would've thought stablecoin issuers would be vastly more uptight than regular banking - https://www.ccn.com/paxos-standard-hassling-ethereum-traders-trying-to-redeem-stablecoin-pax-for-dollars/

And Gemini as well have stopped withdrawals in the past because redeeming large amounts affects their ability to “maximize their status on CoinMarketCap.” https://www.coindesk.com/winklevoss-crypto-gemini-gusd-stablecoin-redemption.

Good luck to those using it them all the same. The amounts you throw around may be the deciding factor in whether they screw with you.

[Ludwig Von]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world). 

[makrospex]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

[degxtra1]

Aight.  Here we are knocking at the top of the channel for the THIRD time in 2 days...  What do they say about third times?

Usually they say that sub 10K hoopers are got already rekt.

[Wekkel]

A Tweetstorm about applying focus: https://twitter.com/jposhaughnessy/status/1159170719454027776?s=19

Not specifically Bitcoin related but perhaps some will find some words of wisdom in it.

[JayJuanGee]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

[degxtra1]

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  

Actually we should celebrate that 4 digits ended for good.

I can't see fireworks, why?

[JayJuanGee]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

[Ludwig Von]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  

[makrospex]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

Yep, it's still over my personal border of comfort (11k at the time, slowly rising).
I liked the daily candles after the first four consecutive appearances.
The haiku follows some kind of imaginary impersonation.

[JayJuanGee]

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Obviously possible, but not much space for going down under 10K.
This time, my dear JJG it's confirmed  

Surely, I appreciate that you built a confirmation into your response.   That lends a hell-of-a lot more credence to what you proclaimed.

Actually we should celebrate that 4 digits ended for good.

Likely, too many people remain too nervous about being too close to returning to 4 digits to celebrate.  I am feeling that we can celebrate that the bottom of $3,122 is likely "in," but even with that, I can hardly muster up much more than a 75% confidence level.  Maybe I am too shell-shocked or conservative or merely afraid to get too cocky regarding where we are going, even though I am not too afraid to get cocky and even to laugh the fuck at how the shitcoiners seem to be fairing with our most recent BTC price dynamics in the past 4 months or so.

But, in that, I would only be rubbing in past performance - or even looking at a 2 year timeline and comparing BTC to almost any other crypto.  The vast majority of those shitcoins are not fairing too well, relatively speaking, but I am remain less than cock-assured that some of them might not get some pumpening infusion at some point in the near future.  So I am a hell of a lot more confident to NOT invest in any of them than I would be to either short them or bet against any of them for short to medium term pumpenings, at this point.   

I can't see fireworks, why?

Maybe the whole supply was used up last month? and, there is a bit of reluctance to prematurely ejaculate - even though I would pose that a breaking above $13,880 would infuse some renewed enthusiasm... and maybe even inspire some currently reserved folks to travel to the pyromania warehouse for an unscheduled withdrawal of goodies.

[makrospex]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

I don't get it... why a torpedo?... ahhh ... very astute ! excellent joke ! great humor ! specially when those pedo nutrients are released to the wild after they have been executed for their crimes against Mankind !

child abuse or any kind of gain from such is a no. Even discussing it makes people sick.
It's a borderline joke.

[JayJuanGee]

If you had a brush in your hand now, how would you draw your lines by looking at this chart? There is only one possible direction which makes sense.

Do you also see what I see?

*$100k incoming (we may skip 2020 too, 2021 is more likely)

Go thru a 7000 to 8000 $ valley first. Seems logic (for what it is worth in this world).  

Hm?

Another "down before up" prognosticator.  May the luck be with you, in the event that you are betting on such proposition, along with a decent number of others who are betting on "down before up," yet need not be named at this time.

Well JJG, actually, for me it doesn 't matter. That is what I learned from you. My Corn value is up and I have plenty of coverage down, even lower than the proposed low. And I am happy with small trades in ladders, so also ready for the big one, be it up or down!  

Hey, Ludwig Von.  I have no reason to doubt your proclamations in regard to having had prepared yourself for either BTC price direction, and therefore your speculation regarding "down before up" is going to carry a decent amount of more credibility, at least in terms of your not talking your books.

However (you see that there is nearly always a "however" hahahaha), I'm still a bit reserved in capitulating to any kind of "down before up" assertion or to give it much credence in terms of expectations. 

Just seems to me that, at this time, there would be a lot more pleasure for bitcoin  (to the extent that baby can feel pleasure), to punish those "down before uppers" because baby BTC  does not really seem like she wants to comply with pattern expectations, especially when there are a decent number of "smart than thou" people who seem so damned inclined to treat baby BTC as a mature asset class, and in the heart of hearts of a decent number of actual smart money folks, there remains a decently strong recognition (even if not outwardly shown) that she is merely a baby, and babies don't really tend to behave how you would prefer them to ... those lil fucks.

[Torque]

Quick reminder that Jordan Belfort, the "Wolf of Wall Street" called Bitcoin a scam last year, and said "Get out if you don't want to lose all of your money". The price was about 50% of what it is today.

Bullish.

https://twitter.com/fullbeerbottle/status/1159527648781058049?s=21

Indeed, forgot about that idiot ..........

If you like that one, here's ol' Jim Cramer (and his crony partner Stephanie Link) in 2014 when asked about Bitcoin:

https://www.youtube.com/watch?v=2kEySHOd4JU

Never. Fkn. Forget.

[JayJuanGee]

What do you call a witty man in Canada?
A tourist.

What do you call a child porn leecher that tries to hide his online traces?
A torpedo.

Funny, but also not funny  
i tried...

#haiku, anyone?
sad times, BTC falls
waiting for the pump to come
jokes to lighten up

Currently, I don't see bitcoin in any kind of "fall" status.  We have nearly 10 days of UP, from y point of view, and in the past few days, we are a bit stagnated towards the upper end of the UP.

Yep, it's still over my personal border of comfort (11k at the time, slowly rising).
I liked the daily candles after the first four consecutive appearances.
The haiku follows some kind of imaginary impersonation.

Yeah.. holy fuck... I had not noticed that recently we had 7 daily greens in a row.  Feels good man.

Anyhow, I can accept that you might have been going through with some kind of out-of-body experience when drafting that haiku... You might need to get checked out to make sure that you don't have an alien inside of you... just to be more safu.