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

[JimboToronto]

#nohomo usage in WO might have a history which I don't know. Maybe someone else can help.

It was first used by an openly gay WOer to indicate non-sexuality in posts to heterosexual members and spread from there.

[jojo69]

#nohomo usage in WO might have a history which I don't know. Maybe someone else can help.

Bob, being flamingly, fabulously gay, while unapologetic, is still sensitive to his fellow wall observers who might still be a bit uncomfortable with messages of affection and camaraderie.  He appends the "nohomo" to assure these folks that his comments are meant in only the most platonic way.

We don't actually believe the faggot, of course, but we humor him because he is so adorable.

[nutildah]

You all deserve a rain of merits. Which I cannot give in my current state. However, the fact still exists. May love rain in clumpy droplets upon you all. No homo.

[JayJuanGee]

So now that we're back up in 8200's after a dip to the 7800's, how far do you think this rally could last?

Remember there was a similar dip to 8ks and a return to 9ks before dipping down to the current 8.2ks. Can that happen again? What do you guys think?

I still take an intermediate low of $5k-$6k around the end of Q4 into account, based on a giant bearflag, by my own lousy TA.
Otherwise i'm bullish for Q4 and 2020 in general, but if BTC is more than good at one thing, then it's to surprise.
My plan is to hodl on, save fiat, buy corn in Q1/2020 or even wait until the halving and invest in some shitcoin that is carried upwards by bitcoin, to compensate for missing out the $7-$8k range for rebuy (cause lack of fiat).


EDIT: It's all mindgames, but i won't be selling, that's for sure.

Share that TA with us. Let us also make a judgement on whether it is lazy or accurate.
tbh, $5k - $6k is way too low given the rebound tendency this year. I think by the time we close, we could be touching $9k or late $8ks.

I have my own TA for this too, but in my case, it is me who is lazy enough to not post it here  

Here we go. I posted this a few days ago, and i'd consider this lazy-inaccurate-not-even-serious-TA.
It just draws a triangle, not even respecting MA lines (10,50,200). It would take a lot of marketcap loss to bring that MA200 down, otherwise most uf us would be rekt   But still, RSI leaves room for going down a little more, too.
It's Bitcoin, so surprises are included by default.



DISCLAIMER: Don't think my "TA" (painting) could be right, just if you dream about buying BTC at past price levels. I'd strongly suggest to go with the analysis of a(ny) Legendary instead.

Yeah.. something seems off about your analysis, and that much bearish likelihood (down to something approaching $5k), even if we all know that anything is possible...just is such DOWNish our likely direction, when we have already had a drug out correction of 45% in what many of had previously considered to have transitioned into a bull market?   I will agree that there may be a decent amount of ongoing need to continue to remove frothiness from the altcoin space which can also be a justification for further BTC down.

[LFC_Bitcoin]

@APompilano
Bitcoin is the best performing asset over the last decade.
https://twitter.com/apompliano/status/1181604172292149248?s=21


Buy before it’s too fucking expensive!

[Gyrsur]

WE ARE ALL SATOSHI #nohomo

[LFC_Bitcoin]

You all deserve a rain of merits. Which I cannot give in my current state. However, the fact still exists. May love rain in clumpy droplets upon you all. No homo.

Pass me a damn umbrella, ain’t none of those clumpy droplets splashing on me

[JayJuanGee]

Here's what I think.

Someone should anonymously send 10 btc each to Trump, Modi, Xi Jinping, and Putin. Then watch where the fireworks land.

Also, do it in a publicized way so that people get to hear about it. Once that is done. I can pretty much guarantee BTC prices will soar. Just for the sheer stupidity of this stunt.

That might take a decent dent out of some of our stash(es), if NOT completely wipe out many of us.   Maybe Bob should do it, since he was having a bit of a dilemma about cashing out some of his BTC that he does not really need, so sending to those fucktwats might be a good use of some of his BTC (40 BTC to be more exacting).

[El duderino_]

@APompilano
Bitcoin is the best performing asset over the last decade.
https://twitter.com/apompliano/status/1181604172292149248?s=21


Buy before it’s too fucking expensive!

That’s where he is wrong..... the ultimate goal is... that it reaches a standard where it just can’t be to expensive

[Torque]

@APompilano
Bitcoin is the best performing asset over the last decade.
https://twitter.com/apompliano/status/1181604172292149248?s=21


Buy before it’s too fucking expensive!

That’s where he is wrong..... the ultimate goal is... that it reaches a standard where it just can’t be to expensive

Uhh guys...an asset divisible to 8 decimals (and more with a small config change) is never too expensive. If the general public keeps believing in this myth of "btc too expensive" we will never get anywhere.

[VB1001]

https://www.youtube.com/watch?v=p0ftZgCEZos

Andreas Antonopoulos

Why Bitcoin is The Next Bitcoin

(Conference in Athens, Jul-2019, and uploaded, Oct-5)

[El duderino_]

Mic just hopes 8.2K is the new 3-4K area

[El duderino_]

@APompilano
Bitcoin is the best performing asset over the last decade.
https://twitter.com/apompliano/status/1181604172292149248?s=21


Buy before it’s too fucking expensive!

That’s where he is wrong..... the ultimate goal is... that it reaches a standard where it just can’t be to expensive

Uhh guys...an asset divisible to 8 decimals (and more with a small config change) is never too expensive. If the general public keeps believing in this myth of "btc too expensive" we will never get anywhere.

Was trying to say a similar thing 

[fillippone]

I literally cannot wait for it.
It’s uncharted territory.

#bitcoin: first SF100 / $20T asset?

Platinum, Palladium, Silver have higher value than btc at same SF, they have industrial use / utility value. Gold will probably be valued higher than btc after next halving, it also has utility value (jewelry). At SF100 ... pure monetary value

https://twitter.com/100trillionusd/status/1180834422960087041?s=21

This thing is too important.
Does any threads on SF already exists here on BitcoinTalk forum?
Shall I write one?

I did it!
Stock To Flow Model: Modeling Bitcoin's Value with Scarcity

This might be the most important thread I ever opened and I put a wrong link to the original article: I am an embarrassment to myself.

Thank you to the person that made me aware of this!

[goldkingcoiner]

Hmmm, got three "Fuck you Fatty" posts deleted.
Is this some kind of program looking for repetitious posts and deleting them?
Anyway, I'm gonna try some variations and see if they too are deleted.

Maybe try "Fatty Fuck you"

I think "Fuck you, fatty" rolls off the tongue more nicely.

Where did "fatty fuck you" come from? Its all over WO. Am I missing out on something?

he seems to be a BigBlocker. I don't know either. but this whole ping pong is like Kindergarten. just put him on "Ignore" and done.  

I could never put any of you guys on my block list. Not even Roach.

#nohomo usage in WO might have a history which I don't know. Maybe someone else can help.

It was first used by an openly gay WOer to indicate non-sexuality in posts to heterosexual members and spread from there.

Oh yeah, what is that lovable Boblawblaw up to these days? 

May love rain in clumpy droplets upon you all. No homo.

Sounds like something a roof pisser would say.

[Icygreen]

Just going over Bitcoin's price history in my mind and remembering the last time we fell to 8K from the ATH. I remember the feelings of excitement at 8K even though we had already dropped about 58%. I thought that was the bottom at the time and Terra wasn't having any of it.
I remember her saying something along the lines of, bottom? "Bitcoin is eight fucking thousand dollars, get real!"

Anyhow, times are different now and because we've been here several times before, We might be looking at a new sideways support plateau similar to the previous 6K support line a year ago. I'm not saying it will result in the same drop, in fact I still think 7.3K will be a great discount bottom if we are to ever arrive there.  Thinking these sideways support zones will be the new norm going forward at least for awhile. It's slightly less volatile and there is slightly more support.  
The normies on crypto twitter are screaming bear flag. Been around just long enough to remember how that goes.    
Not really technical analysis because I got none of that but more SOMA of where I think we are.



TLDR?  8K is the bottom, BTFD!

[Icygreen]

@APompilano
Bitcoin is the best performing asset over the last decade.
https://twitter.com/apompliano/status/1181604172292149248?s=21


Buy before it’s too fucking expensive!

That’s where he is wrong..... the ultimate goal is... that it reaches a standard where it just can’t be to expensive

Uhh guys...an asset divisible to 8 decimals (and more with a small config change) is never too expensive. If the general public keeps believing in this myth of "btc too expensive" we will never get anywhere.

Isn't dollar price relation the problem?  Most are coming from the assumption that the dollar is king and everything should be measured against it.  Several things could slowly change this misconception, ie. hyperinflation, harsh capitol controls, bank runs, or simply where I think we are today in the financial re-education of the youth who likely will never see the opportunities that our generations had.  Bitcoin won't be strapped to USD forever IMHO but its anyone's guess how it'll move away and when.
For now we should start to consider using MBTC units as they will be the more attainable ladder into BTC for most. #stackingsats is trying but too far away I think.

[Icygreen]

https://www.youtube.com/watch?v=p0ftZgCEZos

Andreas Antonopoulos

Why Bitcoin is The Next Bitcoin

(Conference in Athens, Jul-2019, and uploaded, Oct-5)

Yep, watched this yesterday. Legend!
I really appreciated hearing that for Bitcoin to fail, it will need to TOTALLY 100% fail where its not possible to fix it. Ya, we're not even close to this.
Wasn't so happy that he said Bitcoin isn't likely to do 10x or 100x again  but I think he was referring to the early time frames when it happened quickly.

[HairyMaclairy]

Where did "fatty fuck you" come from? Its all over WO. Am I missing out on something?

he seems to be a BigBlocker.

Surely a reason for personal denigration, if ever one there were.  

The current era of big blockers are fraudsters and scammers.  Just spend 10 seconds researching Ver or CSW. 

That’s sufficient reason for personal denigration.  

[makrospex]

So now that we're back up in 8200's after a dip to the 7800's, how far do you think this rally could last?

Remember there was a similar dip to 8ks and a return to 9ks before dipping down to the current 8.2ks. Can that happen again? What do you guys think?

I still take an intermediate low of $5k-$6k around the end of Q4 into account, based on a giant bearflag, by my own lousy TA.
Otherwise i'm bullish for Q4 and 2020 in general, but if BTC is more than good at one thing, then it's to surprise.
My plan is to hodl on, save fiat, buy corn in Q1/2020 or even wait until the halving and invest in some shitcoin that is carried upwards by bitcoin, to compensate for missing out the $7-$8k range for rebuy (cause lack of fiat).


EDIT: It's all mindgames, but i won't be selling, that's for sure.

Share that TA with us. Let us also make a judgement on whether it is lazy or accurate.
tbh, $5k - $6k is way too low given the rebound tendency this year. I think by the time we close, we could be touching $9k or late $8ks.

I have my own TA for this too, but in my case, it is me who is lazy enough to not post it here  

Here we go. I posted this a few days ago, and i'd consider this lazy-inaccurate-not-even-serious-TA.
It just draws a triangle, not even respecting MA lines (10,50,200). It would take a lot of marketcap loss to bring that MA200 down, otherwise most uf us would be rekt   But still, RSI leaves room for going down a little more, too.
It's Bitcoin, so surprises are included by default.



DISCLAIMER: Don't think my "TA" (painting) could be right, just if you dream about buying BTC at past price levels. I'd strongly suggest to go with the analysis of a(ny) Legendary instead.

Yeah.. something seems off about your analysis, and that much bearish likelihood (down to something approaching $5k), even if we all know that anything is possible...just is such DOWNish our likely direction, when we have already had a drug out correction of 45% in what many of had previously considered to have transitioned into a bull market?   I will agree that there may be a decent amount of ongoing need to continue to remove frothiness from the altcoin space which can also be a justification for further BTC down.

Yes, but...
It could also be possible that the BAKKT warehouse was priced in a short while after capitulation ($3k) which led to a mini-bubble. We saw prices go up in parabolic manners until a tad under $14k and we may now observe a miniature of 2018 bear movements. This could well lead to final bottoms in the $5-$6k range, while the median increase would be a continuation of the MA200 - or parallel, in other words, like the very beginning of the "real bullrun" until around 2022. These are the thoughts behind the picture, but still quite fictional for sure.
So if we tank that low, i'm happy to buy moar corn, if not, i'd be half as happy to buy less.