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

[Hueristic]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

I think it would take more than the second coming for that to happen.

Nite.

[JayJuanGee]

Imagine being shortsighted that you believe 1 - 24 hours after the launch is a healthy timeframe to judge a new product..

People shitting on Bakkt is just disgusting.

Hahahahahaha


You are taking today's BTC price performance and FUD spreading opportunity way too personally, Paashaas.

Shouldn't you know better?  I mean FUDsters going to FUD at any and all possible opportunities, and make BTC price connections, even when such BTC price connections are tangential, at best.

One goal of the FUD spreader is to take advantage of momentum creation to push BTC prices down as far as possible and to keep them down for as long as possible.

Yeah, right, I would surely prefer up, yet there is NOT a whole hell of a lot that any of us can do about various downs - whether expected or not, except merely to attempt to take advantage of it, when it does happen, so long as we have attempted to prepare ourselves financially for such (psychologically preparation remains important too, but if we financially prepare our lil selfies, then the psychological preparation part will be much easier to roll thru).

[JayJuanGee]

Do you need to put in a fair bit of effort to find the truly awful or is it more of a knack?

It's seems that you are kind of complimenting me without really striving for such.  

It's just kind of a random way that I do it.  Sometimes it takes me a while to find an image that I like and that I feel fits my attempted message, and other times, I find a workable image relatively quickly (sometimes a lot of images actually fit with more or less my intended message).  

Takes me forever, for instance to find that Siegfried one it took about ten minutes, Of course my memory sucks now.

Do you put "stock" in every keyword phrase?

Huh?   Never thought about the search function like that, but I suppose there are ways to skew results by adding certain words to the search, and if I were to use a word like "stock" then my search would likely become screwed rather than skewed, no?

In other words, TLDR, my answer to your above seemingly silly-ass question is:  "no."

[JayJuanGee]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

Geez!!!!!!!   So earnestly serious today, jojo.  

Are you o.k.?  

[hv_]

meh

BAKKT is a giant nothingburger

Sell the 'good' news

[soxxx]

Its crazy how much has changed in 9 months. Wonder what the next 9 months will look like 

[600watt]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

[soxxx]

Bitcoin formed a pennant formation after first major move in 2015, it had move down a few weeks prior to the pennant closing and road it up. Perhaps we will see the same?

[mersal]

Its crazy how much has changed in 9 months. Wonder what the next 9 months will look like 

I guess it will just stay in the region of $10K to $13K until the next halve of mining rewards.I hope the prices will recover from the four digits soon.

[mindrust]

I’m not even remotely bothered about price action like this any more. Just use it to accumulate, even if it’s relatively small amounts.

I love it, its a win-win, if Bitcoin goes down I can accumulate a little more, if it goes up, my net worth goes up. Ill take this any day over going sideways!

Exactly.

As long as you DCA both FIAT and BTC, you have nothing to worry. The Bulletproof strategy.

When it becomes cheap enough, direct some of your FIAT reserves to BTC and 💥 boom , in a few months you are even more richer.

[vroom]

coming up next (<7d) a new local low at $9000-9250, then leg up to $15000.

made a professional TA to support my prediction

halfway done, we are here now. need more despair, more bitcoin is dying news. a voluminous move down and a quick recovery.

[mindrust]

137DMA is being buttfucked.

Next 5-6 hours is super duper critical now.

We lost this critical battle but we don't give up!

Let's gather around the next support line. 200DMA! You shall not pass freaks

[Phil_S]

Still going sideways
Maybe it* doesn't matter
More sideways ahead


---
* (137DMA)

[serveria.com]

Network kinda slow lately? 

[whiteboy420]

a girl posting in WO

ancestors cry.

This Newbie thinks Bitcoin is only for men.

Satoshi laughs.

Not allow.

[600watt]

well, i got to admit that i expected some more buys during the launch of bakkt. this is pathetic.

on the other hand: it is an open gate now, easy to use for institutional investors, regulated, safe, etc.

we will only see its impact during the next big monster super duper hulk OMG holy handgrenade holy fuck super mega run-up of bitcoin price. this run-up will come, no doubt whatsoever. and it will leave us shell shocked and speechless by its steepness and size, it always does. those so far almost mythical institutional bitcoin investors will get sucked in by the FOMO. after all, they are human beings. keep in mind those suckers paid a 100% premium with grayscale on the top of the last FOMO candle in dec. 2017. yes, some paid $40k per bitcoin on that day.

they´ll salivate, we´ll hold

only then bakkt can show us if it is worth anything. patience, fellow WO´s, patience....

[fillippone]

well, i got to admit that i expected some more buys during the launch of bakkt. this is pathetic.

Of course this is too early to try to figure out anything from this values, but of course one can try to compare to what happened on similar occasions:

Bakkt Bitcoin futures launch volumes 75 times smaller than CME’s first day

By the close of Monday, a total of 72 BTC had been traded on Bakkt—75 times less volume seen than December 2017 launch of CME’s cash-settled futures offering, which saw the equivalent of 5,298 BTC traded on its first day, as noted by Alex Kruger.

[El duderino_]

Its crazy how much has changed in 9 months. Wonder what the next 9 months will look like 

First or last ??



r0ach already provided me this one

[wachtwoord]

Current news about Googles Quantum Computer may be weighing on Crypto.

By 2021 , it is theorized that 256 bit encryption could be cracked by quantum computing.

##https://interestingengineering.com/google-says-that-they-have-just-reached-quantum-supremacy


Although Quantum Computing has a tangential application set to classical computing, the current breakthrough by Google indicates things could change ... uncertain.  

This is worth keeping an eye on, because it could become an existential threat to encryption.

I have read some discussion about this previously, and I believe that SHA256 hashing is not affected (by quantum calculations) in the same way as 256 bit encryption.

...might just cause a dip in prices for now.

Just don't reuse your address and you'll be fine. Or reuse it and you'll still be fine for next few yrs.

The problem is more the old coins stuck in old adress types (P2PK addresses, so unhashed) that haven't moved (e.g. Satoshi's coins).

[ivomm]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

Here goes my last merit.   It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it.

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)