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

[Karartma1]

@JJG/nullius
I am not going to argue with you guys. You completely misread my quote

It is no measure of health to be well-adjusted to a profoundly sick society.

. I was referring to those jokes related to gender and such.
You guys are becoming a black hole.

What JJG is saying nullius is that Bitcoin is an inelastic good (which did not exist before!). You can’t produce more to compensate for an increase in demand, or produce less when demand declines. Therefore not having bubbles or being stable at $10k is just wishful thinking at its current level of adoption.

Thank you bitebits!

[El duderino_]

The run to ATH has started

Continues

[Indymoney]

Analyst Gives 3 Reasons Why Bitcoin Could Bounce Back from $10K

https://thebitcoinnews.com/analyst-gives-3-reasons-why-bitcoin-could-bounce-back-from-10k/

[Phil_S]

https://twitter.com/PeterSchiff/status/1303009420713111553

I admit my first reaction was to check if it's some parody twitter account.

Turns out it's real.

 

[NeuroticFish]

Turns out it's real.

It's real (see discussion on btalk) and it's a follow up of the story where Peter Schiff publishes his son's Bitcoin wallet.

[El duderino_]

Turns out it's real.

It's real (see discussion on btalk) and it's a follow up of the story where Peter Schiff publishes his son's Bitcoin wallet.

[El duderino_]

Now we wait .. until #bitcoin  and S&P500 move up TOGETHER



https://twitter.com/100trillionusd/status/1303634146527514624?s=21

[El duderino_]

https://twitter.com/luchopoletti/status/1303366711404625923?s=21

^cool 

[LFC_Bitcoin]

$10,000 holding strong, give up bears, resistance is futile.

$13,000 coming soon......

[bitebits]

The run to ATH has started

Continues

Coinfirmed.

[philipma1957]

hope you all got in at 9960 and bought the dip!

[El duderino_]

hope you all got in at 9960 and bought the dip!

9.8-ish we have seen overnight

[ivomm]

$10,000 holding strong, give up bears, resistance is futile.

$13,000 coming soon......

This year resembles 2016 in so many ways - the halving, the recovery after 85% crash, and last but not least - various shitcoin pumps. It is very hard in general for a n00b to avoid the traps of the fast profit seeking with these pumps. They have both positive and negative effect on the Bitcoin price. Positive - because part of the trading is with Bitcoin pairs and so more Bitcoins are locked in these markets. Also, after 99% of the "traders" register losses, they come to their senses and understand that the only real profit is longterm by investing and hodling Bitcoin. Negative - the remaining 1% (usually the creators of the scam exits) harvest tens and hundreds of millions profit. The profit which is in bitcoins they have little hesitation to sell and dump the price. This is probably what happened in the last days with sushi exit scam and other defi shitcoins listed on binance as well. Perhaps the bears thought they can take advantage of this situation and put a pressure on 10K, but all this is in vain. They just can't hold the price any longer to fill their bags with cheap coins. This is not only the end of their sub 10K throw the kitchen sink efforts - this is the continuation of a massive bull run which, with several short pullbacks, should take us above 100K in few years. But hey, may be the bears will succeed in bringing the price below $100K for several months. And proudcon and other funny trolls will come and inform us that Bitcoin is dead and it is coming down to $60K. Same old, same old.  

[Phil_S]

SMA-24-hours

stays over 10000

[Torque]

The corrupt Wall Street trading cabal (of which Jim Cramer is a shill mouthpiece for) is worried about Bitcoin. Not about it taking over the world or anything like that, but because retail investors and traders are excited about trading/hodling in a digital commodity that the Cabal themselves cannot control. Because it's too late for them to come in and corner the Bitcoin market.

1. They cannot corner the Bitcoin market, i.e. gain 90%+ control over minted bitcoin, because the majority of mined bitcoin is already in the hands of "not-Wall Street". And the hodlers are spread out all over the world. This happened in the beginning years when Wall Street was laughing at and largely ignoring Bitcoin as a penny stock scam. They didn't even understand what it was exactly or why it should have value.

2. Bitcoin has to be mined by miners. The Cabal cannot artificially inflate it vis a vis just print more bitcoin, do phantom bitcoin, or fractional reserves (that last task is in the hands of the crypto exchanges, ones that they cannot control).

3. Because they cannot get huge, significant amounts of bitcoin for free, they cannot massively short it either.

4. They are accustomed to using massive leverage to move stonk markets (think 1000X or more), but that type of leverage is not permitted by the crypto exchanges because of risk management.

5. If they want huge amounts of bitcoin to play with, they have to buy it OTC or on the market exchanges like everyone else. And the amount they want has to be available. This is NOT how Wall Street does things.

So therefore they have little interest in Bitcoin itself, other than Bitcoin is luring Average Joes away from the corrupt stonk markets that they DO INDEED control. And this irritates them beyond belief. They literally WANT Average Joes back into the corrupt stonk market where they can rekt them all day long.

Everything I wrote before was just confirmed, by a guy that would know the Cabal (aka Wall Street) pretty well. The Bitcoin market might just be one of the last truly free markets on the planet.

https://twitter.com/tylerwinklevoss/status/1303421878888009728

[proudhon]

Bad news update for today:

[xhomerx10]

^Could I ask that you make the image slightly larger please?  Those of us with macular degeneration can't quite make out the data.

[Toxic2040]

^Could I ask that you make the image slightly larger please?  Those of us with macular degeneration can't quite make out the data.

[Dabs]

Nice to see other people use the words: Schelling point... When I would usually see it together with other words like "Rube Goldberg Machine" and other such nonsense.

[proudhon]

^Could I ask that you make the image slightly larger please?  Those of us with macular degeneration can't quite make out the data.

Sorry. Didn't think about that. I had to make it a link because bitcointalk doesn't have the science to display this size yet.

https://i.imgur.com/3I8CyKs.jpg