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

[rebal15]

If anyone wants to understand Roach and rebal15 then watch this documentary
https://www.bbc.co.uk/mediacentre/proginfo/2019/29/inside-the-secret-world-of-incels


"This brand new documentary for BBC Three offers a never-before-seen look at the incel community, an online subculture linked to multiple mass murders and hate crimes against women."

Why only r0ach and rebal15? Why didn't you mention John Mcafee?
Ah, I know, because he said some positive unreal things about Bitcoin.

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[LFC_Bitcoin]

Observing $10,407

We’re heating up like a junkies spoon.

Edit - 6 green candles in a row.

[El duderino_]

Last night with my babe to celebrate the 10K$ again  

Jealous drivel...  Comme d'habitude.
It hasn't a chance in hell of ever being in a scene like that.

You must be trolling.  It might be okay if this broad just wandered in off the street or something, but much like Trollgoossens, you can tell this guy puts in way too much work for it.  That goes with the territory of any modern, western woman. .

Cause of r0ach I beat up my GF on daily base and keep her locked up in a basement on chain, feeding her bread and water.... Damn life get so much more boring around here....

Should I keep listening to the all knowing r0ach??

[Biodom]

Rate cut had little effect, but the announcement of new tariffs on China most certainly did.
I don't particularly like the fact that we are now correlating with gold, though.

Overall, we should have been at $1tril already.
Not sure why most financial managers are asleep at the wheel on this.
As Pomp says: "Get off zero".

[JayJuanGee]

A couple good articles...

This one's an interview with a crypto trading manager who says she hasn't seen big institutions get involved yet...
https://www.forbes.com/sites/jeffkauflin/2019/08/01/why-we-need-new-legislation-for-cryptocurrencies-qa-with-institutional-trading-firm-ceo-jennifer-campbell/#26d7b22ab905

Forbes: Many people I’ve spoken with recently have said institutional investors are starting to come into the market more quickly. You don’t necessarily think that’s the case?

Campbell: They’re definitely coming in more than 2018. There are more traditional folks like smaller hedge funds that have come into the market. We’ve had more conversations with the large institutions, but none of the top five institutions are actually trading today.


--------------------------------------------------

This one's about more FUD from centralized institutions, this time in the UK...
https://www.forbes.com/sites/billybambrough/2019/08/01/bitcoin-has-no-intrinsic-value-as-uk-moves-towards-crypto-ban/#5617b0ad2d27

I guess it's hard to steer a boat when it has centuries worth of inertia. They'll come around eventually of course but I don't think it's going to be a particularly smooth ride for us.

I particularly like this quote:
"Although not a ban, [the U.K.'s FCA warning is] a move in that direction," said Herbert Sim, head of business development from Broctagon Fintech Group. "This lack of enthusiasm is shared by several countries; the U.S. with its scrutiny of libra, and India, who are looking to implement a similar ban on cryptocurrencies which are not state regulated. These movements could end up coming back to bite. The international competition on cryptocurrencies is heating up and there are huge risks in being left behind."

How certain would it be that regular people are going to know whether BIG institutions, whether the top 5 or otherwise are actually getting in?  Maybe there will be some public statements at some point (after they have largely already gotten in?)?

I actually believe, too, that there are not too many BIG institutions in bitcoin, yet, because if there were BIG institutions or governments in bitcoin, we would likely see even more drying up of whatever liquidity currently exists across the bitcoin acquisition places of bitcoinlandia.

[JayJuanGee]

Observing $10,101.

I hope bitcoin doesn’t get a nose bleed at the thought of going north of $10,000 & dive below again.

Activity in the WO lately -

Only the poor remain.

Feeling so "poor" and desperate during these trying times, with a kind of gnawing realization that the no coiners, fence sitters, jonoiv, roach and lambie were correct.   

[JayJuanGee]

btw, i'm way the fuck behind again.

You need to take a hint from "every"one else to either employ the services of a team, a bot and/or a sex doll. 

We are no longer in the 90s.....  get with the program.... 

[xhomerx10]

Just put everyone on ignore.  You'll get to the last page much more quickly

[LFC_Bitcoin]

Nobody quote homer please.

Thanks!

[kurious]

Last night with my babe to celebrate the 10K$ again  

Jealous drivel...  Comme d'habitude.
It hasn't a chance in hell of ever being in a scene like that.

(Misogynist drivel)

Cause of r0ach I beat up my GF on daily base and keep her locked up in a basement on chain, feeding her bread and water.... Damn life get so much more boring around here....

Should I keep listening to the all knowing r0ach??

Just don't quote it, that thing loves it.  You can answer it if you must, Mic - but why make everyone see the shit it says - and make it happy?   Try it, mate - it's the only thing guaranteed to make its nonsense pointless.  It is just beyond help - a nasty little cancer that needs surgical removal.

[JayJuanGee]

Last night with my babe to celebrate the 10K$ again  

Jealous drivel...  Comme d'habitude.
It hasn't a chance in hell of ever being in a scene like that.

You must be trolling.  It might be okay if this broad just wandered in off the street or something, but much like Trollgoossens, you can tell this guy puts in way too much work for it.  That goes with the territory of any modern, western woman. .

Cause of r0ach I beat up my GF on daily base and keep her locked up in a basement on chain, feeding her bread and water.... Damn life get so much more boring around here....

Should I keep listening to the all knowing r0ach??

Don't bruise her up too much because you are going to need to create a perfect replica, first.  

Didn't you get the memo about preferability of BOT team members?  They never disobey nor do they make typos nor bad engwish in their posts, either.  

[kurious]

And meanwhile Bitcoin
Spikes up nicely to ten four
That is much better

[Hueristic]

source: howmanyconfs.com

FYI, this is a worthless metric.

Could you elaborate more on this?
I strongly disagree as the security implied in Bitcoin (ledger costliness) is one of the main value proposition for bitcoin imho.

Who would Store Value on an insecure blockchain?

This does not correctly represent the relative relationship of the security chains. Which is not to say I disagree with your statement.
I'll try to find a link for you later after I catch up a bit.

[Hueristic]

Just put everyone on ignore.  You'll get to the last page much more quickly

Shit half the time I can scroll a whole page practically thats ignored!

btw, i'm way the fuck behind again.

You need to take a hint from "every"one else to either employ the services of a team, a bot and/or a sex doll.  

We are no longer in the 90s.....  get with the program....  

Ohh shit man you killed me with this one!!!!!

I'm am literally laughing out like a lunatic by myself right now!
I never actually laugh out loud, its a rare thing.

Nobody quote homer please.

Thanks!

Ohh crap, too late!

It doesn't need to be tested, it is just among the possibilities. Unless the price stays under the 200DMA for a considerable amount of time, it will be bullish.

See that chart:

https://www.tradingview.com/chart/DL4HQwBW/

As long as the orrange line looks upwards, we are fine. (sideways is fine too but i would start to worry at that point)

edit: I just realized i can't share tradingview links that way.

Just see this pic then:

I like this chart.

[criptix]

We closed above 10,2/3 k resistance zone - im bullish again 


Something amazing here:

https://www.youtube.com/watch?v=EzXM2x6rQhs

[fillippone]

source: howmanyconfs.com

FYI, this is a worthless metric.

Could you elaborate more on this?
I strongly disagree as the security implied in Bitcoin (ledger costliness) is one of the main value proposition for bitcoin imho.

Who would Store Value on an insecure blockchain?

This does not correctly represent the relative relationship of the security chains.
I'll try to find a link for you later after I catch up a bit.

Thank you.

This is how I discovered this website.

https://twitter.com/lopp/status/1122850107685310464


I don't want to fall into the "appeal to authority" (one of the most common logical fallacy), but I think Jameson Lopp knows how these things work.

[realr0ach]

Don't get why people just don't put Roach on /ignore.

Roach is happy he does not have to deal with me.

We have already formed consensus without you.

[Raja_MBZ]

[fillippone]

This is impressive.
I mean: what will happen after May 2020 when the supply of Bitcoin will be halved overnight?

Back of the envelope Calculations:

Average Bitcoin price during lat 90 days =  7,500 USD
Mined Bitcoin during last 90 days= 12.5*90*24*6=162,000
Cashapp Sales = 150,000,000 USD

so, Cashapp Sales in BTC = 150,000,000/ 7,500 = 20,000

Basically Cashapp bought more than 12% of total Bitcoin supply.
CashApp only.
After the halving 6% will turn into 24% because of the supply reduction.
This with a flat growth in the next 4 quarters.
Not bad, really not bad.

[realr0ach]

what will happen after May 2020 when the supply of Bitcoin will be halved overnight?

It's almost as if you're describing a Ponzi scheme.