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

[JimboToronto]

Good morning Bitcoinland.

Back up after a wee dip... currently $8460USD/$11115CAD (Bitcoinaverage).

Borrrrring.

Why it would go up please? I don't understand...

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

It is still nowhere near the vertical phase of the s-curve of adoption.

Give it time.

[Gyrsur]

at the next mark.

GO BTC GO!



EDIT: maybe it will go back to $8399 but this is fine!

[jojo69]

jesus

https://twitter.com/ezracheungtoto/status/1220641000063848448/video/1

[Cryptotourist]

Thanks. I clicked that at work 

#

I'm the buxom blond with the Captain Birdseye beard.

Sheeeit uncleD, fuck no, they say that before hand.

[VB1001]

Tether Launches Gold-Backed Stablecoin and Begins Trading on Bitfinex

Tether is now supporting a gold-backed stablecoin, Tether Gold (XAU₮), according to a Jan. 23 press release. One token represents ownership of one troy fine ounce of physical gold, currently worth approximately $1,550.

The new product is available as an ERC-20 token on the Ethereum blockchain, as well as a TRC20 token on Tron (TRX).

The funds are said to be backed by physical gold held in a “Switzerland vault,” the press release reads. According to Tether, its gold offering is the only product among its competition that does not charge custody fees.

https://cointelegraph.com/news/tether-launches-gold-backed-stablecoin-and-begins-trading-on-bitfinex

This is for our little WO troll, it's a 100x100 safe business.
Gold-backed Tether, which may fail...

[JayJuanGee]

-snip-
... I would rather just go up from here, but seems like there exists some short term down momentum... how low it will go remains another to be determined matter.

Why it would go up please? I don't understand...

You sound a bit like a troll asking such a terse question, but for now, I will give you some benefit of the doubt, since I don't recognize your user name or having had posted in these here parts, previously.

In the short-term, we cannot always determine exactly BTC's price direction, and there is a bit of an inclination that BTC's price continues to move in the direction of the momentum that it already has until it no longer does.

Regarding BTC's medium to long term price, the pressure remains UP, and you can look at BTC price prediction models and information related to those price models which would include: 1) stock to flow, 2) four-year fractal, 3) metcalfe's law and networking effects pertaining to s-curve exponential adoption and 4) other similar models.  

If you do not understand the meaning of these models and you believe that they are purely theoretical, then likely you need to do more studying of bitcoin.  Surely there is a decent amount of truth that past performance of any asset does not guarantee future performance, and none of the price prediction models that I listed really rely on BTC's past performance, but past performance remains helpful to them in analyzing the models and where we are at in terms of those various price prediction models (looking at either time or price).

Do you have any other models or theories?  Do you believe that BTC prices are going down or going to stay flat in the coming 1-3 years?  How about 5 years?  What do you expect?

 I am frequently asserting that nothing is guaranteed, including bitcoin, but even if the price direction of bitcoin is far from guaranteed, there remains a decent amount of strong evidence that any person that takes bitcoin seriously and puts a bit of their assets into bitcoin, such as 1-10% of their investible assets are likely in a good starting place, even though individuals are going to vary in terms of some of their financial abilities or even assets that they might have available and able to invest in bitcoin.  

In any event, bitcoin seems to be a very asymmetric bet, towards the upside... so good luck to anyone who has NOT yet come around to understanding the asymmetric bet concept... you (lacking in understanding peeps) are going to need it (meaning luck).

Why it would go up please? I don't understand...

Cos it's BTC.
(btw, JJG didn't say that)

You seem to be suffering from the shitcoin syndrome.
Wish you a quick recovery.

True dat!!!   martyMC seems to have been engaging in a bit of a twisting of words, and maybe I should have restrained my lil selfie from taking the bait... I see that with some of his continued stupid-ass posts on the topic that do not really seem to add any value, just ask dumbass questions as if we were in 2011 when hardly anyone understood bitcoin, at all.    We are NO longer in those earlier days, so excuses for ignorance are NOT as acceptable... even though I do accept that there are genuinely a lot of people in the world who are quite susceptible to misinformation and disinformation regarding bitcoin because they do not know enough about the topic.

[Elwar]

Goldman Sachs is not allowing #nohomo

https://www.msn.com/en-us/money/news/goldman-to-refuse-ipos-if-all-directors-are-white-straight-men/ar-BBZgUOP?li=BBnbfcN

Before they will IPO a company, the company must prove that at least on of its board members is a female or gay.

They have not yet specified the criteria by which a board member must prove his homosexuality...but I suspect you will start to see board members like this applying for IPOs:




So essentially, Goldman Sachs is encouraging straight men to move to Bitcoin.

[Gyrsur]

this time better we prepare rocket/train/moon pics beforehand.  


EDIT: all what helps the price to go up should be allowed even at work.  

[lightfoot]

jesus

https://twitter.com/ezracheungtoto/status/1220641000063848448/video/1

Ladies and gentlemen!
Boys and girls....



Dying time's here....

[El duderino_]

Observing number attempting to go up. $8,469. Was gonna buy some dip if it dropped below $8k.

this time better we prepare rocket/train/moon pics beforehand.  

That was a short lived HODLsleep.... it seems....

Definition of a HODLsleep = go in peaceful , stress less, whiteout worries .... sleeping mode

So when in HODLsleep then it’s like no turning back only after a few hours of good sleep, knowing coins safe

HODLsleep became an understanding and a way of life

[VB1001]

this time better we prepare rocket/train/moon pics beforehand.  


EDIT: all what helps the price to go up should be allowed even at work.  

Mmmmm, in this place it seems that it is very hot, it is the end of the afternoon, it has sweated a lot, everything is a combination of unpleasant "perfumes" and if you enlarge the photo the feet are very large, more "perfume".

[STT]

looks good boys, we can go back to #HODL sleep.

No time to sleep, you cant stop here this is bat country.      I'd be more short term negative but this news of national currency is pretty big news in potential, far more interesting to me then anything China came out with.
   Japan actually has a requirement to realise something better, as the first user of QE about 30 years ago even while a rich country they have worse demographics then most countries.   Japanese government should have worse credit rating then Greece probably, however they hold 1 trillion US treasury debt and obviously are pivotal in world trade so there is no small news with that situation

[Paashaas]

Driving to Rotterdam and The Hague picking up friends for some quality time.

To relax and enjoy.

Have a nice weekend.

[Dalmar]

How you guys read the general trading sentiment for specific coin/asset? I want to measure the temptation on the markets without indicators that take the data from derivatives of the price/candle. Thanks beforehand for detailed answers

[martyMC]

-snip-
... I would rather just go up from here, but seems like there exists some short term down momentum... how low it will go remains another to be determined matter.

Why it would go up please? I don't understand...

You sound a bit like a troll asking such a terse question, but for now, I will give you some benefit of the doubt, since I don't recognize your user name or having had posted in these here parts, previously.

In the short-term, we cannot always determine exactly BTC's price direction, and there is a bit of an inclination that BTC's price continues to move in the direction of the momentum that it already has until it no longer does.

Regarding BTC's medium to long term price, the pressure remains UP, and you can look at BTC price prediction models and information related to those price models which would include: 1) stock to flow, 2) four-year fractal, 3) metcalfe's law and networking effects pertaining to s-curve exponential adoption and 4) other similar models.  

If you do not understand the meaning of these models and you believe that they are purely theoretical, then likely you need to do more studying of bitcoin.  Surely there is a decent amount of truth that past performance of any asset does not guarantee future performance, and none of the price prediction models that I listed really rely on BTC's past performance, but past performance remains helpful to them in analyzing the models and where we are at in terms of those various price prediction models (looking at either time or price).

Do you have any other models or theories?  Do you believe that BTC prices are going down or going to stay flat in the coming 1-3 years?  How about 5 years?  What do you expect?

 I am frequently asserting that nothing is guaranteed, including bitcoin, but even if the price direction of bitcoin is far from guaranteed, there remains a decent amount of strong evidence that any person that takes bitcoin seriously and puts a bit of their assets into bitcoin, such as 1-10% of their investible assets are likely in a good starting place, even though individuals are going to vary in terms of some of their financial abilities or even assets that they might have available and able to invest in bitcoin.  

In any event, bitcoin seems to be a very asymmetric bet, towards the upside... so good luck to anyone who has NOT yet come around to understanding the asymmetric bet concept... you (lacking in understanding peeps) are going to need it (meaning luck).

Why it would go up please? I don't understand...

Cos it's BTC.
(btw, JJG didn't say that)

You seem to be suffering from the shitcoin syndrome.
Wish you a quick recovery.

True dat!!!   martyMC seems to have been engaging in a bit of a twisting of words, and maybe I should have restrained my lil selfie from taking the bait... I see that with some of his continued stupid-ass posts on the topic that do not really seem to add any value, just ask dumbass questions as if we were in 2011 when hardly anyone understood bitcoin, at all.    We are NO longer in those earlier days, so excuses for ignorance are NOT as acceptable... even though I do accept that there are genuinely a lot of people in the world who are quite susceptible to misinformation and disinformation regarding bitcoin because they do not know enough about the topic.

So you really think there is an unlimited free lunch for Bitcoin holders?
Everyone buying and holding at any price will win free money... indefinitely...
So even the dumbest guy in the world just need to buy bitcoin and sit down to earn money? He just need to wait to beat the market and steal money from professional traders?  
What about all the people who bought Bitcoin 2 years ago? How much did they earn as of now?

[bitcoinPsycho]

Adjective. (comparative more butthurt, superlative most butthurt) (slang) Overly annoyed, bothered or bugged 

[Mihaylovic]

Another short term descending triangle. Looks it can push bitcoin price till below 8000 usd. But i think bitcoin still have enough strong buy walls a little bit above 8k.

[JayJuanGee]

How you guys read the general trading sentiment for specific coin/asset? I want to measure the temptation on the markets without indicators that take the data from derivatives of the price/candle. Thanks beforehand for detailed answers

Oh Gawd!!!!!    Are you talking about bitcoin or something else?

How about you go first rather than striving to make some of us do your thinking (or lack thereof) work for you?   

[JayJuanGee]

[edited out]

So you really think there is an unlimited free lunch for Bitcoin holders?

I don't recall anyone, including yours truly, saying anything about any kind of free lunch, whether unlimited or not....

Speaking of unlimited, Matt Odell frequently asserts that bitcoin is "designed to pump forever," and there seems to be some truth in that assertion.     Take such assertion with whatever sized grain of salt that you feel necessary.

Everyone buying and holding at any price will win free money... indefinitely...

Yeah, right.  You are really coming across as a butt hurt.  Hopefully you sold high, rather than hoping for sub $6k prices, because if you are hoping for sub $6k prices, there are decent chances that your hopium would not be fulfilled.

So even the dumbest guy in the world just need to buy bitcoin and sit down to earn money?

Probably, the dumbest guy in the world better get his fucking finances in order before he starts investing into something that he does not know.

The dumbest guys in the world tend to have a lot BIGGER problems than just whether they are going to become richie from bitcoin, and dumb peeps do not tend to be very good at tempering their behaviors (including gambling behaviors), so likely dumb dumb is going to need to work on becoming less dumb, which would include people like yourself.  You are saying some pretty dumb stuff right now, so maybe you need to look at ur lil selfie in the mirror and figure out what the fuck you are doing, exactly when you seem to be fighting the power of king daddy.

Go figure?

He just need to wait to beat the market and steal money from professional traders?  

Are you including yourself in this purported class of "professional traders?"  I have my doubts about your implied competence in this direction, especially if you are spending time making up bitcoin-related (seemingly FUD spreading) bullshit on the interwebs..

What about all the people who bought Bitcoin 2 years ago? How much did they earn as of now?

Actually, currently, they should be more than 30% ahead if they had been dollar cost averaging for the past two years.

See this two year calculator (that I set at two years, you can set it however you like) that shows bitcoin compared with gold and dow jones index funds.

Historically, King daddy seems to have been a pretty fucking solid investment, relatively speaking.  There is no real reason to believe that the future is not good for bitcoin.  Of course, each person has to account for his own circumstances, including cash flow, other investments, view of bitcoin as compared with other investments, risk tolerance, timeline, and skills, time available and research abilities regarding portfolio management/including whether/how to trade.

[kurious]

Some tittle tattle...  

QuadrugaX money possibly held at Crypto Capital, the dodgy Panama bank that has Finex cash?

https://btcmanager.com/quadrigacx-funds-crypto-capital/?q=/quadrigacx-funds-crypto-capital/&