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

[vapourminer]

Already explained this somewhat but here is another visual aid. Seems like some serious compression/tension is building up for the nothingburger event that is the future expiry set for tomorrow.
Just have to remain calm and see how it plays out.


Three types of faults:
A. Strike-slip
B. Normal
C. Reverse

There are three main types of fault, all of which may cause an interplate earthquake: normal, reverse (thrust), and strike-slip. Normal and reverse faulting are examples of dip-slip, where the displacement along the fault is in the direction of dip and where movement on them involves a vertical component. Normal faults occur mainly in areas where the crust is being extended such as a divergent boundary. Reverse faults occur in areas where the crust is being shortened such as at a convergent boundary. Strike-slip faults are steep structures where the two sides of the fault slip horizontally past each other; transform boundaries are a particular type of strike-slip fault. Many earthquakes are caused by movement on faults that have components of both dip-slip and strike-slip; this is known as oblique slip.

Reverse faults, particularly those along convergent plate boundaries, are associated with the most powerful earthquakes, megathrust earthquakes, including almost all of those of magnitude 8 or more. Strike-slip faults, particularly continental transforms, can produce major earthquakes up to about magnitude 8. Earthquakes associated with normal faults are generally less than magnitude 7. For every unit increase in magnitude, there is a roughly thirtyfold increase in the energy released.

https://en.wikipedia.org/wiki/Earthquake

#dyor

wait is california scheduled to split off into the ocean and sink tomorrow (today?) thats not on my schedule.

man i need to pay more attention. well, maybe.

[goldkingcoiner]

Price is in buy zone + we are at a bear trap, lets pump it bois  

[Last of the V8s]

All members, from G**** B****

News regarding the 'Easing of Lockdown' discussion between medical experts:

Medical experts were asked if it is time yet to ease lockdown restrictions.

Allergists were in favour of scratching it, but Dermatologists advised not to make any rash moves.

Gastroenterologists had sort of a gut feeling about it, but Neurologists thought the government had a lot of nerve.

Obstetricians felt certain everyone was labouring under a misconception, while Ophthalmologists considered the idea short-sighted.

Many Pathologists yelled, "Over my dead body!" while Paediatricians said, "Oh, grow up!"

Psychiatrists thought the whole idea was madness, while Radiologists could see right through it.

Surgeons decided to wash their hands of the whole thing and Pharmacists claimed it would be a bitter pill to swallow.

Plastic Surgeons opined that this proposal would "Put a whole new face on the matter."

Podiatrists thought it was a step forward, but Urologists were pissed off at the whole idea.

Anaesthetists thought the whole idea was a gas, and those lofty Cardiologists didn’t have the heart to say no.

In the end, the Proctologists won out, leaving the entire decision up to the arse-holes in charge.

Hon Sec.

[cAPSLOCK]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

[cAPSLOCK]

Unbelievable.

Grayscale added 19,879 BTC to their Bitcoin Trust since last week (53,588 BTC since the halving).

Bitcoin miners only produced 7,081 BTC since last week (39,544 BTC since halving).

That's almost 400,000 BTC under management for $GBTC

So, how do they 'manage' 400,000 bitcoins to get 20% return?
And risk-free?

Bitcoin custody is exactly the opposite of risk free.   Can you imagine the vectors being tried as we type to get at their networks, emails, etc?

[UnDerDoG81]

They say put your eggs in different baskets. I put all my eggs in Bitcoin long time ago and it paid out so far. Now I have some Fiat savings and since they printing money like insane I dont want to hold fiat. Now considering to buy moar bitcoin in the next dump sub 9k. Good or bad idea?

Thing is if stock market crashes in a 2nd wave bitcoin will crash as well. I think it does not matter in what you invest. Unless anything very bad happens and bitcoin go down to zero in the next months. Any thoughts?

[goldkingcoiner]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

[cAPSLOCK]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

I didn't say throw it AWAY!  I said throw it in the wash! It's kinda smelly by now.

[vapourminer]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

I didn't say throw it AWAY!  I said throw it in the wash! It's kinda smelly by now.

i tried that. half my brain cells went down the drain

[jbreher]

Since shares trade at 120% premium in order to sell at 120% premium 6 months later you have to buy at 120% premium now. What is the point of doing that?
Is Grayscale a ponzi?

Likely not. Likely just overpriced.

[UmerIdrees]

Lots of things remain unanswered and unfinished in 2020.

[goldkingcoiner]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

I didn't say throw it AWAY!  I said throw it in the wash! It's kinda smelly by now.

Ahhhh sorry. I put my head in the microwave to kill the corona germs. Now my broken is a bit brain.

[LFC_Bitcoin]

Looks like some decent resistance keeping us above $9,000 at the moment. Time to shake out some more weak hands. Only the strong will succeed as in all walks of life.

Are you a HODLER or a PANIC SELLER?

[Indymoney]

Looks like some decent resistance keeping us above $9,000 at the moment. Time to shake out some more weak hands. Only the strong will succeed as in all walks of life.

Are you a HODLER or a PANIC SELLER?

Most of time hodler as its give good return.

[vapourminer]

Are you a HODLER or a PANIC SELLER?

many of us have been both at one point or another.

its an educational thing. or right of passage maybe.

[becoin]

Are you a HODLER or a PANIC SELLER?

Very few panic sellers left. There will be lots of panic buyers. Just pick a pack of popcorn.

[xhomerx10]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

I didn't say throw it AWAY!  I said throw it in the wash! It's kinda smelly by now.

 This will prevent you from taking it off even if just for a wash.



 avatar-sized

[Indymoney]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

I didn't say throw it AWAY!  I said throw it in the wash! It's kinda smelly by now.

 This will prevent you from taking it off even if just for a wash.



 avatar-sized

@xhomerx10 great work I love to have like this but for me still very long way to go

[dragonvslinux]

Looks like some decent resistance keeping us above $9,000 at the moment. Time to shake out some more weak hands. Only the strong will succeed as in all walks of life.

Are you a HODLER or a PANIC SELLER?

Hodler. It's no time to be mindrusting right now (no offence intended), only accumulating at lower levels.

[xhomerx10]

Why do so many people in here have hats as their avatar

A lot of us are ashamed of our hair loss from years of crazy bitcoin price swings, but not silly enough to try a combover.

I feel like my hat needs an update... hmm maybe it just needs to be thrown in the wash?

You throw away your hat, we throw away YOU.

I didn't say throw it AWAY!  I said throw it in the wash! It's kinda smelly by now.

 This will prevent you from taking it off even if just for a wash.



 avatar-sized

@xhomerx10 great work I love to have like this but for me still very long way to go

 Thanks.  I appreciate the compliment.  You'll get there!