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

[Arriemoller]

Just watching the Trump whistleblower stuff on TV, watching the stock market fall, watching BTC fall, trying to understand how this isn't all related to Trump being a massive piece of shit.

It's just not. It's a technical move.

Peaking out again
Reality is so cold
Retreating back fast

[El duderino_]

Mic's request =

[Gyrsur]

to speak with Trump's words: The miners did an incredible good job! Halving date is now on 14 May 2020. These guys are great! We're going to make history! I love you all!

https://edition.cnn.com/2017/04/21/politics/donald-trump-president-speeches-favorite-phrases-trnd/index.html

[JayJuanGee]

Price at this level?

....

I think that by closing "The Shorts" we can see the price recovery, which can be fast, so they are testing offer at these price levels.

I just don't know why I don't care when the price drops.


I think I will never leave my accumulating phase.

Actually that is true.

If BTC price stays suppressed for a decently long period of time, then either guys (and gal) can continue to accumulate BTC or to return to BTC accumulation (even when s/he may have previously concluded that BTC accumulation was completed).

[El duderino_]

Observing............ Why the F*** do I always see the same??

My screen always tells me 1BTC=1BTC

Mmm good enough for me....

[Raja_MBZ]

I just don't know why I don't care when the price drops.


I think I will never leave my accumulating phase.

Merited, because...

[rdbase]

I just don't know why I don't care when the price drops.


I think I will never leave my accumulating phase.

Merited, because...

IOU an sM when I get some.

I think the price will break out of this slump soon because all the news for bitcoin cant stay the same forever and there is always a light at the end of any torrential storm.

[Lambie Slayer]

This is getting ugly

your mom is ugly ~good morning sir

Your net worth is ugly but hey, at least we have something ugly in common?

LOL. Shitcoining Bitcoin deniers and poverty always go hand and hand.

[Lambie Slayer]

We're going to 8,200 too many fuckheads are expecting it to go down and they are always wrong. You think idiots like gembitz could short the market correctly if they had money, HA

i told everyone to sell at 11k you new here? lol

I remember you screaming and crying it was dead at 3,800 and when it pumped you changed your tune like the little shell of a man you are.

when it dips under 4k this time will be different haha

What you'll pretend to have a spine this time or continue on being a pathetic excuse of a person. I bet your a fair weather fan as well, I honestly don't like you gembitz and it's not that you're a bear it's that you're a bear then a bull then a bear. You're the prime example of a loser in the markets you buy at highs and sell at lows and cry and whine the entire time. If you think it's going to zero sell and get the fuck out, I know you're not shorting and have no real amount of skin in the game.

Exactly.  +2

Whenever I wonder why the guy washing my car is so upset about I realize he probably has has half a paycheck(aka net worth) in shitcoins and is crying non stop while he schizo shitposts online to numb the pain.

[LUCKMCFLY]

On the other hand, some news is not all bad  ..





source:https://cointelegraph.com/news/10-000-nodes-are-running-btc-lightning-network-in-new-all-time-high

The good news may not have the direct impact on the market at once ... but it does help to improve the overview of what's coming ..

[Lambie Slayer]

I think one huge red dildo down to high 6ks with mega volume and a lot of beautiful bottom memes could end this and restart the bull run into the halving. I like how fast this is happening. Much better than a slow drip.

Whales know because of the halving they dont have much time to cause max pain to newbs, weak hands, and get rich quick pumpers so whatever the bottom is (Id guess 6800 rn if I had to) I expect it to materialize quickly(30 days max).

TLDR: if you need to move fiat to exchanges to take advantage of rock bottom prices, do it pronto.

[rebal15]

[El duderino_]

[Gyrsur]

if we stay above 8k during the next day this will be good sign. todays attack to push the price significant below 8k was not successful.

[fillippone]

Next hours are critical

[El duderino_]

Next hours are critical

Not one timeframe is critical

HODLers heart, mind, focus, ironhands etc is critical in every second of the HODL

[Hueristic]

Outside of bitcoin, the explanation about repo-gate from already familiar C. Long:
https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/

For every US Treasury security outstanding, roughly three parties believe they own it. That’s right. Multiple parties report that they own the very same asset, when only one of them truly does.

Caitlin has always been good on this; the same rehypothecation exists in share markets, as she has properly ranted about before.  Basically Wall Street only makes money by selling what it has many times over.  Selling stuff it actually does not have is its business model.

This is part of the big financial institutions' problem with Bitcoin - that they can't own one BTC and sell it, or rent it out for interest 20 times over.  If they can work out how to rehypothecate Bitcoin you can bet your shirt they will, but so far there hasn't been a way because of Bitcoin's transparent ledger and regulatory issues.

Exchanges already do rehypothecate - so of course it is possible, but only where the institution holds the keys of other third parties, and people who pay for or rent Bitcoin trust that third party to hold it rather than deliver.  In this respect Bitcoin is like physical gold - rather than issued gold certificates.

Satoshi's design was all about this issue and the criminal recklessness of the world's financial instututions.  If you doubt this at all - I refer you, Ladies and Gentlemn to Bitcoin's Genesis Block.

They have, it's called options on non-settled future contracts.

[royalfestus]

Massive buy order at even a lower price than we are seeing, staggered for those not sure of how dip it could go. It is now about the Benjamin

[El duderino_]

In here its always about tha BTC bro

Goodnight, crawling into my HODLnest............ time for e well earned HODLsleep

[JimboToronto]

your mom is ugly

Hey. Leave Schlitzie alone.

I met her back in the early 1960s when she was still working the freak shows.

She was actually quite the charmer (for a microcephalic).

Probably smarter than some of the trolls here too.