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

[JayJuanGee]

What a surprise, stock markets rally on riot optimism.

More stimulus. The only thing that matters in the markets today.

Yep. The war between capital and labor continues, history says "always bet on capital".

Is that what we are seeing?

Of course, I tend to give quite a bit of significance to the dynamics between capital and labor, and surely for the powers that be, they are going to be worried that large scale social unrest is not going to allow for the cooperation of labor in their projection of maintaining their supply chains so that they can eat caviar and steak while the masses rummage through processed foods.

Surely, the odds continue to be in favor of capital, and yet we are seeing a lot of panicking of capital.. and some of the panicking seems a bit premature.. but probably has to do with difficulties in which some officials representing capital are having difficulties recognizing more subtle ways to deal with the people - apart from brute force and money printing.

I'd rather say, the war between the ruling elite and the rest. And the rest is being divided between themselves very easily (again).

There is no:

• black vs white
• capital vs labour
• rich vs poor
• left vs right
• young vs old
• x vs y

The most frustrating part is that sufficient power could be taken away from suppressors just by opting out.

The non-violent act of buying Bitcoin.

I agree that there is a lot of value in NOT allowing the powers that be to set the framework in which you view the world, but I really don't agree with the concept that there is a meaningful resolution to "opt out"

fuck that... if you think that you can just create citadels.. the situation needs to be interactive, and of course, bitcoin provides a lot of vehicles with the right incentives to help to remove some of the corruption through incentives, but it makes little to no sense to completely separate out from the masses... that is part of the problem that we have now, and bitcoin seems to help to create some neutral incentives rather than taking sides.

[Vectra]

So I am not much on ALTs at all, being a BTC semi-maximalist, and only have any notable holding of ONE alt coin (As well as whatever fork coins I missed out on?).

But this situation has been interesting as the charge forward to >10k was accompanied by a fairly clear loss for alts, as I assume money moved out of them into BTC.  And now today as BTC got hammered they are coming back.

I am fascinated with the situation where alts seem to run counter to BTC - at least in terms of BTC value - vs the (maybe more common?) situation where they move in concert and amplify the losses or gains for Bitcoin.

I find it fascinating, and if my brain was any larger I might develop some theory...

it's not regular correlation. Alts were being slaughtered when btc was rising from 3k last year, but they were also slaughtered in March this year and on rise after that. They are usually going down when btc moves up after longer period of decline or during big, big bull runs. BTC is first mover in those cases. In these fast moves, it's anyone's guess really.

[vapourminer]

Could you please advice; what would be a very userfriendly and safe Android app to be used by the less tech savvy
to buy some BTC and keep them in their own wallet on their phone?

While it's best to always keep your bitcoins safe by keeping them in cold storage ("paper" wallets), from time to time it's necessary to temporarily sweep some of them into an electronic device to transfer them.

For this I recommend Mycelium. It is the mobile wallet application used by all of the OTC dealers I deal with.

It's very easy to use and is as secure as any mobile wallet. While it had some issues with iPhone users at one time, those issues have since been resolved. As an Android user, you should have no problems.

It just plain works. I haven't used anything else for years.

same here, USA based. used mycelium on android for years. i buy at exchange (coinbase) and transfer to wallets under my control (hardware usually). mycelium uses seed words so can be backed up to paper. its pretty easy to use. use the proper phone security features obviously. no rooted phone etc.

[Vectra]

last two days are bit of classic old bitcoin times. the madness all over the place

I made good, good money on Zilliqa trade, closed yesterday for almost 200%, so I'm fine wherever btc goes now.

 BTC is up over 10 thousand percent since you joined this forum and you're happy with 200% on some piece of shard alt that needed a paid shilling campaign to pomp it?  You don't know good money.  Give your head a shake.

edit: Zilliqa pomp campaign

I am happy with 200% of anything every day of the week and twice on Sunday. Specially, when that 200% is in btc.

 How much did you bet on it?

0.5 BTC, all I had. I am just coming back into crypto. I wish I had more, but unfortunately it was not the right time. It was one of the safest trades I ever made. Year long accumulation at very low levels and breakout. Bit like LTC move from 4$ in 2017, though obviously not that strong move yet. Zilliqa is very nice coin compared to most alts and was criminally underpriced (still probably is) and had great TA. I am not shilling it at all, I've sold all I had for now, though I'm probably going to buy again if it retracts as I hope it will now. I believe there will be another opportunity for similar trade soon.

[JayJuanGee]

I’m impatient but  I will wait.

Hahahahaaha

I am hoping that you do not pull a mindrust.   (o.k.  I am exaggerating, a bit)

Some of your seemingly true statements that reflect your intentions and plans come off as a bit scary sometimes, and geez, think about it..... what happens if we only get $45k out of this next exponential run, and you have not sold any and you have to wait 4 more years for supra $45k?  

I expect that would not be a happy LFC, even though I suspect that you would not go as far as employing a mindrust because the more that we consider the mindrust specifics, the less and less sense that the specifics makes, even though we can still express our concerns that other WO members (who we have gotten to know through our years of HODLing) might not have enough financial and psychological preparations to be ready for various scenarios that fall somewhat short of their "bare minimum" expectations.

You likely already realize where I am going with this, and that is my suggestion that you prepare yourself (and everyone else, too, prepare ur lil selfies financially and psychologically) for a variety of scenarios, including extreme scenarios that are outside of your expectations....

At the same time.. surely, you are responsible for your own situation.. so I will still respect you in the morning #nohomo, even if I believe (from my own lame perspective) that you might be gambling a bit too much with your BTC strategies.

[edited out]

I am with you on this one LFC.
I have already moved 10% of my precious to an exchange and setup staggered sell orders ranging from £45000 to £60000.
I know it's way too early but we know how bitcoin goes when she starts hauling ass.

I am certainly not opposed to setting up sell orders early, and currently my sell orders only go up to about $35k, but those are orders that are still on the books from our 2017 BTC price run...   I also have enough BTC already in my exchange accounts to sell to about $60k... Nonetheless, I will likely revisit the idea in the $25k territory.. and for sure, none of us should be waiting until the last minute to make some of these preparations... which is a kind of gambling in itself.... but of course, we can also just have a plan to do certain things at certain price points, but we also have to be careful in regards to if we will be able to move coins during excitement periods.

Surely, putting BTC sell orders on the book can help you to concretize your commitment to the idea, and of course, you are not locked into those BTC sell order amounts or increments because you can tweak them any time that you like (unless you lose access to your account, which also can happen sometimes during exciting time periods or even your own personal circumstances of being kidnapped or in a coma and then maybe you would want to have your orders executed rather than having had missed the opportunity).  Since you are talking in terms of £ (pounds)... currently, that is about 20-25% higher than the dollar face value amount...(£45000 to £60000 would be about $56,400 to $75,000) so yeah it is seeming kind of high, as a starting point, and it also seems that your range is pretty damned narrow (like gambling), but of course, your plan to sell only about 10% of your BTC stash within that price range seems to have that part of the prudence covered.. that you are not going full bore.    

[LFC_Bitcoin]

Stop shilling turd coin Zilliqa. This is a sacred thread, ain't nobody got time for no penny alt.

[UnDerDoG81]

Same guy dumping and pumping lol. How much loss would he make if he do that? Buy 5k coins, sell again at same price range.

[Wekkel]

good morning ... Mycelium ...

It just plain works. I haven't used anything else for years.

This ^^^

[LFC_Bitcoin]

@JJG
I am totally gambling with my crypto investment. I’m way over invested, if it all goes to $0 I am still a partner in a business & can live comfortably on what that brings in though.

Bitcoin is my honey pot though, I could sell everything now & pull out a lot of fiat but I have bigger dreams, much bigger. It’s all worked out very well so far.

I trust in the process, end of 2021 = fireworks.

[Wekkel]

If it all goes to shit, at least I can tell my kids that we were the ones trying to actually change the world. If the world passes on sound currency, it will be on them 

[Hueristic]

Peaceful non-violent protest, respect for your city, and respect for your fellow man (no matter what race or class) is the only way to go on this. Anyone who believes otherwise is a fool.

I think the President just ordered the gassing of peaceful non-violent protesters 2 blocks from the White House so he could go and stand in front of a church with a bible.

In a massive show of force, federal law enforcement officers fired rubber bullets and tear gas at peaceful protesters outside the White House on Monday evening as President Trump appeared in the Rose Garden to announce the mobilization of “thousands and thousands of heavily armed soldiers” to quell “lawlessness” across the country.

Hundreds of protesters were pushed away from Lafayette Square, where they were protesting the killing of George Floyd, by the National Guard, U.S. Park Police and Secret Service. The ambush began half an hour before the city’s newly imposed curfew of 7 p.m. went into effect. When the crowds were cleared, the president walked through the park to visit the historic St. John’s Episcopal Church, which had been set on fire Sunday.

(Source: Washington Post)

Hm. Interesting.

They must not have been in a "free speech zone".

[infofront]

@JJG
I am totally gambling with my crypto investment. I’m way over invested, if it all goes to $0 I am still a partner in a business & can live comfortably on what that brings in though.

Bitcoin is my honey pot though, I could sell everything now & pull out a lot of fiat but I have bigger dreams, much bigger. It’s all worked out very well so far.

I trust in the process, end of 2021 = fireworks.

Same. Either it goes to Mars and I get rich, or it goes to $0 and my life stays the same. YOLO

An accountant friend tried telling me to take some profits. I know that's good advice. However, what am I going to do with non-life changing amounts of money? I can already afford to eat what I want, take vacations, whatever. So, I'll let it all ride.  

[Phil_S]

I have bigger dreams, much bigger.

I thought about taking over the world too, but... it's too much hustle, man. Good luck tho.

[Febo]

Just to distract you from the price.
Kraken has answered to the infamous Goldman Sachs conference with a well written report.

Re: @GoldmanSachs:“Implications of Current Policies for Inflation, Gold and Bitcoin"

So you have two ways to alleviate from dump-induced pain:

• Buy the dip
• Read interesting reports about bitcoin, and not about the price of bitcoin.
• Actually, three: do both

Kraken is by far the best exchange we have. Lets hope it will stay for long that way. That Jesse Powell will stay healthy ( he had some health issues in past months) and not bored from crypto to retire. It would be huge loss that some bank buys Kraken and ruins it as it happened to some exchanges.

[hv_]

Stop shilling turd coin Zilliqa. This is a sacred thread, ain't nobody got time for no penny alt.

++

I m Bitcoin maximalist but protocol / code stack minimalist

[Last of the V8s]

inb4 jojo 'fuck kraken up its tentacled arse'.

Anyway that shit Jesse didn't do anything about Mt Gox when he knew it was hopeless? Shoulda warned the world? Or am I wrong?

[infofront]

I prefer Gemini for quite a few reasons, but basically no shenanigans there and they have their shit together.

[JayJuanGee]

The target of local short-term triangle is above $11000. Which will trigger break of long term resistance line at around $10000. And this will trigger break of giant long term triangle with target well above all time high. This is a start of long term bull run.

No shit, really? Thanks captain Obvious!    I wonder if somebody's still taking this guy seriously?

I don't get it either.

Also masterluc:

March 16th

"I got bearish target between $1800 and $2500. In this case weekly 200 SMA will be broken and become resistance. Many time and affords will require to break it up and make it support.

Brace."

3 hours ago

"Trade closed: stop reached: This sword of Damocles is broken. Bearish scenario invalidated."

The guy blew some really big calls that he essentially put his entire weight behind. Now, his weight is no more. Please, let's let him rest in TA peace.



RITAP

After what he did to mindrust he more likely deserves TA hell..  

Yeah, of course, mindrust was dumb enough to rely upon Masterluc, but still cannot blame Masterluc for the gullibility of others, can we?

Don't get me wrong, I am no fan of Masterluc's phoney baloney, so I frequently criticize his pronouncements and/or the member propagating such nonsense, but still peeps gotta be responsible for their lil selfies.  

[cAPSLOCK]

Same guy dumping and pumping lol. How much loss would he make if he do that? Buy 5k coins, sell again at same price range.

That amount of bitcoin bought and sold at market seems like madness to me.  Most people trading 50mm worth of BTC would do it over the counter, and of those who do trade on an open exchange would usually not use market buys/sells to execute the trade because of the enormous slippage this entails.

Unless they had a motivation to move the market, or need the quickest execution for some dubious premise like money laundering, or sales of stolen coins.

Perhaps I am just not sophisticated enough to understand the motivation.

[cAPSLOCK]

Stop shilling turd coin Zilliqa. This is a sacred thread, ain't nobody got time for no penny alt.

++

I m Bitcoin maximalist but protocol / code stack minimalist

You are also pretty much the worst kind of shill of all, and I would prefer a thousand Zilliqa, OMG, and Tron shills over your flavor. ;P