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

[VB1001]

#Bitcoin looking sharp after shrugging off:
- 2017 CME futures FOMO & hangover
- 2018 US government ICO crackdown
- 2018 SEC approval ETF hope & delusion
- 2018 BSV fork
- 2019 Bakkt futures fear & relieve
- 2020 Corona virus

https://twitter.com/100trillionUSD/status/1269917068310327296

🚀

[Wekkel]

Ongoing accumulation at elevated levels.

This is boring.

But this is good in the long run. Just place some stink bids 10-20% below current prices and enjoy your vacation, making the waiting game less stressful.

Good things will come eventually.

[ivomm]

I have a gut feeling that we might visit 9100 soon.  

The longer we stay in this range 9600-9800 the better. Real investors don't want to take profits. This is evident by various markets statistics. As for the traders, we had several profit takings, or should I say stop losses. When they check the balance and see they left with 10% of their initial investment, they realize there is no point in another cut loss deal. That's why typically in a bull market, 1-2 months sideway movements with several 5-10% recoveries are followed by a 40-50% increase.

The only problem about 10K is that it is a psychological barrier. Many people just don't want to buy above 10K. It is too expensive, you know. Which always brings to my mind three young friends of mine which are IT specialists. They heard from me about Bitcoin in 2017, made their research and.... started trading eth and xrp in Binance. I warned them no to do this, but they didn't listen to me. This is descriptive about the trading skills of most traders, IMO. People who are tech savvy and think they are smart enough to make profits by trading. They don't understand that only 1% of the most experienced traders can make profits. Anyway, the increased demand like 40% per year vs 1.8% year inflation is a good premise for the next big bull run. I think we are at its very beginning. Surely, some nasty manipulators can delay it by several weeks or even months, but it is inevitable.

[vapourminer]

Funny.  I can imagine AlcoHoDL doing an expressive dance towards his phone trying to get the phone to cooperate in showing the proper numbers.



I need one of those too... just like my avatar suggests.

That's the beauty of HoDLing. The older we get, and the longer we HoDL, the better we become, at anything! I can bet that soon we'll all be able to perform almost as good as her...

hey i could do that pose too.

once.

then, many months of physical therapy.

[rolling]

I love the optimism here. $75k within weeks if we follow the bubble of 2013.

https://cointelegraph.com/news/bitcoin-price-75k-within-weeks-recovery-mimics-2013-700-bull-run

[rdbase]

Going down into the depths:

Who is coming along on down for the ride?

[Ibian]

Government over-reach again. Or perhaps under-reach, depends how they go about it.

As long as it is strictly advisory it's fine. We have those in denmark too and nobody is going to come running if you stand a little too close to someone. Hand sanitizers are in every major store and I never use them, never even got a sideways look for that. Let people choose and things will work out.

[Ibian]

Going down into the depths:

Who is coming along on down for the ride?

I love that compassion & forgiveness is almost at the bottom.

The real true deep secret is that without a generational culling of a large percentage of the population, there can be no further progress. Quite annoying, that.

[Hueristic]

Pay off most things like mortgage and be a free man... let the rest mature further

Nothing free about having to pay taxes.

New poll suggestion. Do you say yes or no to the taxman? Is it better to be a slave or a prisoner?

Prisoner because then you force them to pay for your basics while as a slave you support their system with your sweat and blood.

[LFC_Bitcoin]

I love the optimism here. $75k within weeks if we follow the bubble of 2013.

https://cointelegraph.com/news/bitcoin-price-75k-within-weeks-recovery-mimics-2013-700-bull-run

Extremely doubtful but fuck, I’d love to be wrong.

[infofront]

That's some strong ass hopium.



I'll throw this out there too, from AnonyMint:

[Wekkel]

This would include a massive fake out to the downside (-/- 20% straight down). I will be there to catch it  

[JayJuanGee]

Funny.  I can imagine AlcoHoDL doing an expressive dance towards his phone trying to get the phone to cooperate in showing the proper numbers.



I need one of those too... just like my avatar suggests.

That's the beauty of HoDLing. The older we get, and the longer we HoDL, the better we become, at anything! I can bet that soon we'll all be able to perform almost as good as her...

As humans we have peaks... I have noticed... physical and mental.

Wisdom might even deteriorate too, but years of practice may well have caused us to have surplus capital, at certain points of our elder years, so long as we do not screw up too many things.

Am I too pessimistic today?

I will admit that I had a dream last night about BTC prices crashing to $5... was not pretty, and I am glad that my dreams do NOT relate too much to reality.

[Torque]

The U.S. stock market so divorced from underlying fundamentals it's not even funny anymore.

[Ibian]

The U.S. stock market so divorced from underlying fundamentals it's not even funny anymore.

All that money has to go somewhere. Will be funny when people realize stuff suddenly costs twice as much.

[Toxic2040]

Good morning gentlebeings and salutations.

The last week or so of accumulation is taking place imho. Have you packed your bags? Are you prepared for massive gainz? I dont know about you but I am ready.

A couple of notations to gawk at.

#dyor
1h


4h


W

#stronghands

[LUCKMCFLY]

Hodl It is the conviction.

$btc
1Y+ HODL wave back at pre-2017 bullrun level.

1Y+ HODL=the percentage of all bitcoins that have not been moved from one wallet to another for at least 1 year.

Source: https://twitter.com/Yodaskk/status/1269991576517967875

[Torque]

That's some strong ass hopium.

I'll throw this out there too, from AnonyMint:

Don't you just love all these guys that rage quit BTC for some shitcoin fork(ABC, BCH, BSV), but still deeply care about Bitcoin's future price development?

[Hueristic]

The U.S. stock market so divorced from underlying fundamentals it's not even funny anymore.

This is the real fake news.

[Hueristic]

Government over-reach again. Or perhaps under-reach, depends how they go about it.

As long as it is strictly advisory it's fine. We have those in denmark too and nobody is going to come running if you stand a little too close to someone. Hand sanitizers are in every major store and I never use them, never even got a sideways look for that. Let people choose and things will work out.

Umm yeah, you need to reread this.