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

[jojo69]

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[Phil_S]

Reminds me of when I 1st heard Deep Purple's  "Smoke on the Water" and thought the refrain was "Slooooow running Hoooooorses!....."
yeah I know, I'm still deaf to this day....

I'm deaf since I heard them live, in a small(-ish) place. Damn, they were loud as hell.

[Biodom]

... around $2million networth more objectively brings any guy to fuck you status because it allows for a passive income of about $6,666 per month...

That's assuming a return of 4% p.a. That's reasonable but I'm interested to learn through which means you would look to achieve that? Typical fiat account interest? Loaning btc? Something else?

That or with a return of zero, you run out of money in 25 years.
A much more realistic scenario IMHO considering that we are at peak valuation in stonks and bonds already.
Still, 25 years is a good run.

[Cryptotourist]

Meanwhile I can't get this straight, small weddings are allowed but facials are still banned. What sort of wedding night do these monsters propose?

Canada is promoting glory holes, so there are still workarounds for facials in some places.

Canadian Health Agency Suggests Glory Holes for Safe Sex Amid Pandemic

Great, when full body latte?

[cAPSLOCK]

....snip ...WTF?

Good lord,
that must be some mighty fine ganja you are smoking there dude...

I blame it on Google Translate.

No doubt GPT-3 can write something that makes much more sense.

[Phil_S]

The world seems to be in such a poor shape... we can't really have ANY expectations regarding long-term passive income. The big reset in coming.

[Biodom]

The world seems to be in such a poor shape... we can't really have ANY expectations regarding long-term passive income. The big reset in coming.

yes, but what will be the "form of destructor" as per "Ghostbusters"?
We are choosing it right now, I believe, all of us.
My bet is on MMT. It will be inflation, finally.

[strawbs]

The world seems to be in such a poor shape... we can't really have ANY expectations regarding long-term passive income. The big reset in coming.

You could buy property and generate a residual rental income - but only if your tenants continue to pay you.

You could buy land and become self sufficient in energy and food - but only until someone comes along with more guns than you and takes it from you.

But then you enter into  territory for which there is no preparation, I suppose.  Makes me think of that movie "The Road".

Which begs the question: which is better for the average pleb - a world run by bankers or a Mad Max world?    (accepting that some parts of the world are already suffering both).

[OutOfMemory]

Just a short note:
Bitcoin price didn't dump just before CME futures contract expiration date and i'm very happy about that.
This is, only for myself, the confirmation that we're at the start of the next bull cycle.
@JJG: Maybe you should cancel your cancellation of hookers, blow and lambos now    

[JayJuanGee]

Quick wick down to fill that gap around 9600 then right back up and we'll really be off to the races.

Down before up?  Where have I heard that one before?

Could be necessary to get down before up, but I am not sure.  

Seems that I have heard those kinds of, "down before up" proclamations on a number of occasions, and they don't necessarily end up happening, even though they are purportedly "necessary," and they may even cause some people to wait before buying BTC, to sell some of their BTC or even more risky, to short with an expectation of buying MOAR BTC, and any one of those courses of action might not play out very well in terms of preparing for the likely more important aspect of bitcoin, which is the "UP aspect," which seems to be an actual thingie-ma-jiggie in bitcoin investing strategies.

[Cryptotourist]

BTC right now:

https://www.youtube.com/watch?v=kgvRlx65BOA

[600watt]

....snip ...WTF?

Good lord,
that must be some mighty fine ganja you are smoking there dude...

No, you can‘t blame weed for that.

[JayJuanGee]

Since the air conditioning in the building is now on (it was off before to save money), the air is distributed to all rooms anyway. 

I thought that a lot of businesses, governments and even individuals were spending a lot more time considering the filtering systems of their air circulation systems, whether we are talking about buildings, enclosed recreation, or enclosed transportation systems. 

Of course, some smaller buildings or less trafficked places might not have air circulating systems, but I bet that the consultation and even the production of filters and filterting systems for buildings, enclosed recreation, and enclosed transportation systems has been becoming a booming kind of business, even if it might NOT exactly be a bit clear regarding how much of a difference (based on evidence and logic) that such filtering systems might make to spreadability of viruses or possibly other health benefits as compared with costs of such possible filtering systems.

[El duderino_]

Finally BTC going up again, meaning the dude at resto again 

[LFC_Bitcoin]

Finally BTC going up again, meaning the dude at resto again 

When pics of courses return?

[600watt]

The world seems to be in such a poor shape... we can't really have ANY expectations regarding long-term passive income. The big reset in coming.

You could buy property and generate a residual rental income - but only if your tenants continue to pay you.

You could buy land and become self sufficient in energy and food - but only until someone comes along with more guns than you and takes it from you.

But then you enter into  territory for which there is no preparation, I suppose.  Makes me think of that movie "The Road".

Which begs the question: which is better for the average pleb - a world run by bankers or a Mad Max world?    (accepting that some parts of the world are already suffering both).

The work of bankers in one part of the world is directly connected to the Mad Max in other parts.

BUT
before we all shed our cultural pessimism crocodile tears - overall it is not all going down the drain. The opposite is true: all parameters that measure poverty and violence indicate that humankind is making progress. Don’t get overwhelmed by media attention focusing on only catastrophic news.  More folks have escaped poverty and experience less violence than ever before in history. Corona is a major setback. The fiat collapse will be another.  But there is no zombie apocalypse waiting around the corner.

[cAPSLOCK]

Just a short note:
Bitcoin price didn't dump just before CME futures contract expiration date and i'm very happy about that.
This is, only for myself, the confirmation that we're at the start of the next bull cycle.
@JJG: Maybe you should cancel your cancellation of hookers, blow and lambos now    

Agreed.  I was looking forward to this being how it turned out for the same reason... the big money knows they can splash around and ring money out of their new bitcoin toy when all is relatively quiet on the water so to speak, but they're also realizing it becomes dangerous to stand on the shoreline when the storm surge might be about to hit.

I would love to see the institutional manipulators get creamed, but the fact is they are just too smart for that.  Most of them will ride this thing up with us.

And *that*, I think is one of the reasons I think there is a small chance we see some differences in this cycle.  

Not enough of them knew what BTC cycles were the first 2 (3) times.  I mean most of us were just lucky to be there to watch those ourselves.  But if you read that Fidelity piece there is a growing number of people who most likely control a LOT of funds that TODAY are drinking their espressos and saying the same thing to each other that *we* are: "You know... this could be the big one".

[LFC_Bitcoin]

@winklevoss
Not owning #Bitcoin  today will be a worse investment decision than not investing in $APPL, $GOOG, $AMZN, and $MSFT in the early 2000's.
https://twitter.com/winklevoss/status/1289598198760185856?s=21

[Toxic2040]

the noon wall report

Bitcoin is currently trading above $11.7k on rising volume and finds itself in a relatively unique position where it has broken through previous resistance zones and has little but open air between it and the low teen's.
The heavy 'shoulders' in 2018 and 2019 of this resistance are highlighted in the lower zoom chart. The only other resistance between us and a new ATH imho is in the $14k-15kish range shown by the ichimoku ATH daily cloud 'twist' in early 2018.

medium and short fibs
4h


long and short fibs
D


Zoom

[Cryptotourist]

BOOM baby!!!