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

[Last of the V8s]

10k - end of May
moon - end of June (2021)
priceless - Uranus

[bkbirge]

10k - end of May
moon - end of June (2021)
priceless - Uranus

I dunno, the docs and insurance seemed to have no problem putting a price on mine.

[LUCKMCFLY]

Hi WO!!!

Why Bitcoin Claiming This Crucial Level Will Set the Stage for a Move to $11,000

“Bitcoin found support on the daily and is mainting its uptrend. Red block is key for me, if we reject from there it’ll confirm distribution above March’s high and I expect much lower. If we can reclaim the red block I am looking to long a pullback to $11k,” he wrote.

Source: https://www.newsbtc.com/2020/05/23/why-bitcoin-claiming-level-will-set-stage-move-11000/

[JimboToronto]

Good morning Bitcoinland.

Pretty much where we were yesterday... currently $9218USD/$12858CAD (Bitcoinaverage).

No news is good news, I guess.
_____  

As for the poll, I'll take the corn.

I've got the other 2 categories covered. I make my own pizza and I prefer an experienced, adult woman. Besides, Pizzagirl needs butt reduction surgery.

Actually, I'm doing OK in all 3 categories but one can always use more corn.

Can't believe the hat fad is still going on.

Fad?

Hip-hop was a fad. Cellphones are a fad.

WO hats are a metaphysical and spiritual breakthrough, a new paradigm.

[JayJuanGee]

On the 30min chart, things are crawling up. Cautiously optimistic about a small late Easter pump.

I hope you're right...  I think the next 30m/3day/2months/etc are critical.

That said, the volume on this rise is so low.  Hopefully it's the front of it.

Until the corona pandemic is not over, bitcoin price isn't going anywhere.

Interesting theory, above.

On the day of that above post, BTC prices had bounced between about $6,500 and $7k, and sure there can be some unfairness to go back and criticize any post or price prediction that is more than 5 weeks old...

Yet, we see that bitcoin does not have a tendency to NOT go anywhere, and sure we have a question about the macro-situation, including the stock market in the coming months, maybe preceding the US elections in November.
Can the stock market be propped up until November, and also there might be a decent amount of optimism about opening up in the past week or so, but the data is not looking good, even when spin is applied and surely we are not hearing about all the data, but it will be quite surprising to NOT get a lot of carnage out of the current opening situation, and how do you keep matters propped up, such as the stock market, in such circumstances.

And, then how will bitcoin perform?  Will it continue to "not go nowhere," and of course, when we go past $20k, there will also likely be assertions that it is NOT going anywhere at that time too.... but sure, it could take a bit of time to get to over $20k, but I still believe that LFC has decently good odds in his favor, which is surely surpassing $19,666 by the end of 2021... that should be easy, peasy whether the corona virus is resolved by then or not, no?  

[BitcoinGirl.Club]

Good morning WO!
Observing @ $9,189

[JayJuanGee]

Curious fact..

The month May has been the second most profitable month for #Bitcoin in the last 10 years. Estrellas en los ojos

Source:https://twitter.com/MMcrypto/status/1264049287173980160

Don't be jinxing us, "so called" Lucky.   

[Jawhead999]

The dude is celebrating

Wow looks great man! Here's mine 

[Hueristic]

Good interview, a bit more substantive than the usual cointelegraph fare...
https://cointelegraph.com/news/defi-exec-believes-crypto-community-mostly-short-term-thinkers

The main thing that I think most people miss when they come to crypto is when they know they’ve worked in something on Wall Street or something on Main Street and they say, “Oh, my gosh. If I just take this and transport it to the blockchain, it's going to be the next big thing. All I have to do is take the best idea of how Wall Street steals money from people and deliver it on the blockchain, and I'm gonna be a billionaire.”

This guy doesn't get it.

But he knows how to leverage other peoples money into his pocket so its a good idea to stay away from him.

[Last of the V8s]

good lord jawhead what is that thing?

[notocactus]

WO's citizens, please let's talk about fee in a minute. 
Bitcoin transaction fees (in sats/kb). Sunday, Saturday are best to move BTC

[JayJuanGee]

https://medium.com/@coinmetrics/market-insights-spotting-and-exploiting-market-volatility-d4b82d188a9e

Near midnight UTC on May 10, 2020, Bitcoin saw a rapid selloff that brought the price down to $8,000 from $9,500, an almost 16% decrease in less than 15 minutes. [...]

[...] Coin Metrics exchange flow data bot flagged an abnormally large deposit of 2,500 BTC on the Gemini exchange. Given the abnormally large nature of this deposit on an exchange that does not often provide liquidity to cover that volume, the bot triggered an alert notification.

Interesting, but I still have to take these kinds of analysis with a decently large grain of salt in terms of what triggered what, and surely prices are not completely controlled by bots, so humans are making decisions about when to dump, how to dump and on what exchanges might they expect to dump the fewest coins but to get the largest effects of getting others to follow so that they can sit back and let the dumpenings be borne by others while they might be busy buying back (of course, after they believe the dumps are over and hopefully if they get the effects that they want).

Still interesting to get a variety of perspectives on how to use data, even if there is likely some incompleteness in the whole matter, but surely some BIGGER players are likely to have more data than smaller players just in terms of their likely having coins on a variety of exchanges.. and that they might be testing out the extent to which support might be broken on one exchange or another and/or whether the price breaking below certain price points might cause some cascading of forcing longs to get liquidated on other exchanges.

[JayJuanGee]

My understanding of "personal slave" means that they actually listen to you, which is the opposite of what regular chicks do.

Regular chicks are kind of like Cryptotourist, they frequently do the opposite of what you want and often try your patience to its limits.  Even a short-term "personal slave" is actually difficult to come by in the real world so would be well worth more than 1 whole bitcoin.

How da fuck would you understand?
It depends on the role play, you fucking moron.

+1 for humor J, and as I said, loose the salt.

I am referring to real life - not 14-year old snot-nosed fantasy bullshit, in which you have never met an actual real life girl or know what they are like or how they act.. you believe that you can merely assign some role, and chicks are going to cooperate..

Get a fucking life, you diptwat... oops, I apologize... I know that you can only grow up so quickly.. since you are only 14 fucking years old.. why rush the matter... enjoy your childhood a bit longer... how the fuck you going to know about these kinds of experiential things that adults had already gone through until your grow the fuck up a bit more.. which should not be rushed.. cherish your youth.. there is some value in that.. or there should be.  Don't proclaim that I had never given you any valuable advices...

[JimboToronto]

good lord jawhead what is that thing?

Where's the beef?

[Biodom]

Yup.  Stock market is way too high.  Too early to buy the blood in the streets.  Need to wait.

Thanks for the graph. Stocks are very high, indeed, but there is that pesky gap on the top. It might fill first, or at least, it is a possibility.
Personally, I am risking only about 34% of my fiat in stocks (not even the index).
Crazy moves in 2020, but so far I am staying the course, periodically buying/selling some trends.

[Last of the V8s]

There's still scope for stocks to go utterly mentally "up".
https://dailyreckoning.com/gary-shilling-dr-dooms-forecasts/

In the German Weimar hyperinflation period, an index of German share prices (1913=100) rose from 126 in January 1918 to 531,300,000 in September 1923, and 23,680,000 million in November1923 amidst extremely high volatility.

But in dollar terms, because of the currency depreciation, the same index (1913=100) fell from 101.55 in January 1918 to 2.72 in October 1922, before recovering to 39.36 in November 1923. So, if governments print too much money, and if credit expands dramatically, as has been the norm in the US in recent times, inflation is certainly also possible in peacetime.

[Last of the V8s]

[VB1001]

- Although if we review the history of Bitcoin, it might be better to see in detail the dates of the first transaction, the first sale and finally the purchase of pizza:

Jan-12-2009 / Block 170 First transaction Bitcoin: Satoshi Nakamoto sent 10 BTC to Hal Finney.

One of the first supporters, adopters, contributors to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009

https://en.bitcoin.it/wiki/Category:History

https://www.blockchain.com/btc/tx/f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16

Oct-12-2009 / Block 24835 First Bitcoin sale to Fiat.

When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02.

https://99bitcoins.com/bitcoin/historical-price/

https://www.blockchain.com/btc/tx/7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2

Martti Malmi sold 5,050 BTC for $5.02
https://twitter.com/marttimalmi/status/423455561703624704

May-22-2010 / Block 57043 Pizza Day 10,000BTC.

https://www.blockchain.com/btc/tx/a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d

Today in the Bitcoin Prehistory thread https://bitcointalk.org/index.php?topic=5126554.msg54483915#msg54483915 I have posted about Pizza Day (without the girl), but this day is always mentioned as the first transaction or purchase of Bitcoin and it is not entirely correct, as always V8 has been fast and has warned me, I already modified the post, now it is better, I did not know it either, but I am glad to know that the first Bitcoin transaction was from Satoshi to Hal Finney.

Thx V8.

[jojo69]

good lord jawhead what is that thing?

the food or the pixelated counterfeit hat?

[Wekkel]

Hi WO!!!

Why Bitcoin Claiming This Crucial Level Will Set the Stage for a Move to $11,000

“Bitcoin found support on the daily and is mainting its uptrend. Red block is key for me, if we reject from there it’ll confirm distribution above March’s high and I expect much lower. If we can reclaim the red block I am looking to long a pullback to $11k,” he wrote.

Source: https://www.newsbtc.com/2020/05/23/why-bitcoin-claiming-level-will-set-stage-move-11000/

To add: the red block is around $9,400-9,500.

I hate to say it but a proper pull back would be good for fuelling the $10k rocket.