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

[LFC_Bitcoin]

@Lambie

Thanks man, I’m balls deep any way, I’m pretty much all in now. If you’re not buying now & you have spare fiat then I guess it proves you don’t fully believe.

[serveria.com]

OK, I gave in. Just sent £8,000 to Coinbase & bought.

I obviously have a good sized corn stash but I now literally only have £2,000 worth of fiat in my entire list of banks & savings.

Effectively I am all in.


(Feeling guilty - the 2BTC were £7,700 combined so I had £300 left. I bought Litecoin with the £300 )

standing_ovation.gif

[Lambie Slayer]

Breaking news. The IMF just brought a fresh Trillion dollars to the money printer potluck dinner.  

https://www.cnbc.com/2020/03/16/imf-says-its-ready-to-mobilize-its-1-trillion-lending-capacity-to-fight-coronavirus.html


Quick hurry bears, post about the few dozen 84 year olds that died in some country today. Gotta keep the gloom up right.  

All this money printing may not be getting an instant reaction but like the Halvening or any other major bullish event, it will push up the price once the fake outs are done.

This is not about the virus anymore. Hasn't been for at least a week. CBs have been making a fuse for the last 10 years and the virus just lit it. That is all.

Seems to me most of the planet is spooked about the virus, including bitcoiners. Many have panic sold despite the bullish fundamentals of money printing and the halvening. I thought Bitcoiners would be much more resilient thus far than other asset holders. I still think they will rise to the challenge soon though.

First they have to realize spreading doom and gloom is bear behavior and snap out of their habits of late. Next Bitcoiners have to become self immunized to the fear the virus causes. Then we practice Strong Hand Hygiene of the great Tyson Fury and dip our Strong Hands in gasoline for 20 seconds while singing happy birthday.

 https://www.the-sun.com/sport/boxing/351396/tyson-fury-dipping-his-hands-in-petrol-for-five-minutes-a-day-to-toughen-up-knuckles-before-deontay-wilder-rematch/

Once we have the strongest hands in all the land and have herd immunity from virus fears, then we will shine and the world will want to come join us and fomo in.

Its hard to blame the world for not joining our club when bitcoiners are acting just as scared and panicked as nocoiners.

[Alexander_Z]

4 digits for years to come.

Nah..

The liquidity pullers will run out of liquidity to pull, and BTC will have nowhere but up to go from there..

The institutional investors will be out, and then we will see the true price of BTC without them..
I imagine the $$ USD will inflate massively from here also, so those effects should be seen after the institutional pullout..

Maybe 10-15k. Anything higher is very unlikely, barring USD hyperinflation (which is also unlikely).

[lightfoot]

Ok. Bitcoin is going "down" because dollars are disappearing. The little bits of paper are starting to vanish like toilet paper because institutions (banks and the like) are hoarding them to be able to pay taxes and probably bonuses to their leaders.

So right now dollars are like toilet paper and everyone is worried that they won't have a clean bum. Thus they are more "valuable" than bitcoins. Now the main difference between dollars and toilet paper and bitcoins is that you can print an infinite number of dollars at a whim. You can only make so much toilet paper, and you sure can't make more than 12.5 bitcoins per 10 minutes.

When the super flood of dollars hits, people will be flush again and bitcoin will go back to about where it has been (IMO). Note I don't think it will skyrocket because the dollars being printed are just filling a pothole that has been growing all along and people have been blissfully ignoring it.

The people ultimately screwed are people on pensions, people on fixed income, and people who panic.

Note that all of the above assumes a sane person is in charge of all this. Such is not the case.

[Lambie Slayer]

@Lambie

Thanks man, I’m balls deep any way, I’m pretty much all in now. If you’re not buying now & you have spare fiat then I guess it proves you don’t fully believe.

You're welcome.   I wish I could buy more rn, but I fired off my last rounds before the Virus crashed everything.

[Phil_S]

Maybe 10-15k.

That's more like it. Closer to cost of production.

But that's just the floor estimate. Real prices could be much higher.

[Wilhelm]

I don't think ETH will rise like it did again unless you can find another round of ridiculous amount of idiots to get scammed by ICOs again..

ETH rose while facilitating all those disgusting scams..
ETH just made those scams too easy to pull off, and pumped on gas prices..

Percentage wise it seems more interesting than bitcoin.
Etherium seems to follow suite on bitcoin.

Anyway I have more than enough Bitcoin

[LFC_Bitcoin]

@Lambie

Thanks man, I’m balls deep any way, I’m pretty much all in now. If you’re not buying now & you have spare fiat then I guess it proves you don’t fully believe.

You're welcome.   I wish I could buy more rn, but I fired off my last rounds before the Virus crashed everything.

I’m still going to buy regularly as I always have done & always will but it’ll be £500 here, £500 there & not larger amounts now.

[Wekkel]

Bitcoin is not failing. It’s fiat currencies. The ship is wobbling and for now, people move out of ‘phoney wealth’ to their beloved fiat currency (and rightfully so). Since Bitcoin is (by most) priced in fiat and not the asset class deemed top of the line (yet; that’s still cold hard cash), it is dumped too.

But this short moment of the ship rocking the other way, does not negate fiat currency’s biggest issue: the ‘fiat’ part. More specifically, the relentless ‘fiat’ printing of it. One way or the other, there’s more and more of it over time. And the effect thereof cannot be postponed forever.

Debts turning sour complicate the picture. Debt deflation makes ‘perceived wealth’ disappear. The cash left becomes harder as a result. Only in the longer run, the true nature of it all becomes apparent.

Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.

Until that time, be ready.

[bkbirge]

Then we practice Strong Hand Hygiene of the great Tyson Fury and dip our Strong Hands in gasoline for 20 seconds while singing happy birthday.
 https://www.the-sun.com/sport/boxing/351396/tyson-fury-dipping-his-hands-in-petrol-for-five-minutes-a-day-to-toughen-up-knuckles-before-deontay-wilder-rematch/

Sounds exhausting...

Leading up to the fight Fury said he will masturbate seven times a day to keep testosterone pumping before sharing the ring with Wilder this month.

[Lambie Slayer]

dollars are like toilet paper and everyone is worried that they won't have a clean bum.

Im thinking either great T-shirt or book title.  

[vapourminer]

I love getting up, grabbing a shot of meth, and taking a look into the WO. Gives me a good sense of people's thoughts before I start the day.

Now on to checking old bitcoin's price: Is it back over 10k yet?

HOLY FUCK WE'RE ALL GOING TO DIE!!!!!

What's next on the agenda?

more meth, obviously. a lot more.

[Phil_S]

Guys, check out silver price. 

[Wekkel]

These events ram the price of Bitcoin, but not it’s utility.

[bkbirge]

Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.

I suspect a lot of countries will try following Russia's lead if that happens. I expect it to be a temporary war with btc the winner but who knows.
https://cointelegraph.com/news/russias-central-bank-seeks-to-ban-crypto-issuance-and-circulation

According to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurrency legislation — a bill “On Digital Financial Assets” — will ban the issuance and circulation of cryptocurrencies.

...could be like gold in the USA from 1933 to 1977.
https://en.wikipedia.org/wiki/Executive_Order_6102

... a New York attorney named Frederick Barber Campbell had one deposit at Chase National Bank of over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold, Chase refused, and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold.[12] Ultimately, the prosecution of Campbell failed, but the authority of the federal government to seize gold was upheld, and Campbell's gold was confiscated.

[nutildah]

Let's see what happens when the stock market opens in 2 minutes.

<---- lucky post number for good luck

Price has been correlated with BTC a lot more this month than at any time previous.

Start your engines, this is going to be interesting...

BTC currently @ 4583.

[cAPSLOCK]

https://twitter.com/noisevault/status/1239543650117443584

[2020VISION]

not today 4k ~ $3500 soon :-D reeee

[JSRAW]

Fair play award goes to them ....

In 1 week (3/23): $2,100 - $10,970
In 1 month (4/16): $1,500 - $12,970
In 3 months (6/16): $2,500 - $17,250
In 1 year: (3/16/21): $4,600 - $150,000

Yeah, and I can predict this:
In 1 week: $1,000 - $10,000
In 1 month: $500 - $20,000
In 1 year: $200 - $50,000
In 3 years: $100 - $100,000