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

[BobLawblaw]

Is this a new trend, like people who get off on car crashes?
That's the second picture like that I saw, in the other a man was rimming this fellow up against a car. Again in the midst of a riot.

 I can't even even about that. Things are getting crazy in parts of the country. Really don't like what BLM and Antifa are trying to foment.

[1679388224]

1679388224

[1679388224]

1679388224

[d_eddie]

... and congrats, Capt. Toxic! I thought you'd been a legendary for months or years already.

[Indymoney]

Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://www.newsbtc.com/2020/08/31/heres-why-this-crypto-ceo-thinks-bitcoin-soon-hits-15000/

[AlcoHoDL]

Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://www.newsbtc.com/2020/08/31/heres-why-this-crypto-ceo-thinks-bitcoin-soon-hits-15000/

I'm no Crypto CEO, but I stand by my earlier, very conservative (near-bearish) predictions for 2020/2021:

2020 (Halving): $8500
2020 (EOY): $13,000 <-- Predicted
2021 (Q4): $30,000 <-- Predicted

I will be so happy to be proven wrong though...

[d_eddie]

Avoid deflation
Let money printers go brrrrrrrr
Dollar going down






#haiku

[Phil_S]

observing 11700...

#metoo

#methree

Go Bitcoin Go!

#metoo 2

[Indymoney]

observing 11700...

#metoo

#methree

Go Bitcoin Go!

#metoo 2

Now again we are on $11700

[AlcoHoDL]

observing 11700...

#metoo

#methree

Go Bitcoin Go!

#metoo 2

Now again we are on $11700

I call that a Reverse Bart.

a.k.a., a Trab !!!

[vapourminer]

~ Am I missing something?

Not much really, just the fud that attacks mining all the time, whether China fud or USA, which stalls the ever-up hashrate sometimes.

CCP really wants bitcoin out of China (lol) and USA has mixed success getting it in.

Let's say that 2/3 of BTC mining got knocked out for a variety of reasons in the coming months, then of course, there would be drama and FUD spreading, but at the same time BTC difficulty level is going to adapt every two weeks as the hashpower changes, in order to adjust to whatever might be going on, and king daddy could give less than two shits about from where (or what jurisdiction) such hashpower comes, and king daddy gives less than two shits if 95% of the hashpower leaves.  Of course, if there is lower hashpower happens, then there could be means to attack it while using less amount of resources, too. 

maybe depends on where that hash that disappears from. what if its from mostly one or two of the top pools. if one of the remaining pools suddenly has over 51% of that remaining hashpower there could be some fear of that pool taking advantage of it for nefarious purposes. that type of drama did happen years back and although it was settled pretty fast (the pool that had near/over 51% prevented new miners from joining iirc) if it happens again maybe the price would be affected.

i dont really keep track of the btc pool hash distribution as i just mine shitcoins on auto exchange pools for btc. someone here will likely have some insight on that (philip maybe?).

[vapourminer]

i just found out Dish network (satellite tv for those who dont recognize the name) takes bitcoin as payment lol. old news i guess but i just noticed yesterday while in my account. probably through a 3rd party, not directly.. i didnt bother to check that far.

[fillippone]

Offtopic / NFSW: From Kenosha, WI Riots: "Are we going to ignore the fact that a dude is suck off another dude in the background ? Wtf 🤣"

WARNING. Cannot unsee: https://i.imgur.com/bOAN10H.jpg

Mhh: although I would very like the above picture to be true, also either one of the two version is photo edited:


 https://nypost.com/2020/08/26/chilling-photos-show-moment-gunman-fatally-shoots-man-in-kenosha/

Also very likely all the pictures taken in the seconds immediately close to this one might have been edited.

Yes, I am fun at parties. Hope this doesn’t make me gain the ignore status 😑

[Wekkel]

Good idea, unarmed but chasing and attacking a man carrying an AR-15.

Darwin at work 

[infofront]

Reset

[BobLawblaw]

Voted $12-12.5 this round. Slow, seemingly organic upward momentum from last week, appears to be keeping mostly steady.

[explorer]

Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://www.newsbtc.com/2020/08/31/heres-why-this-crypto-ceo-thinks-bitcoin-soon-hits-15000/

Soon 3/4 of ATH...  Ummm, yawn?  Way to go out on a limb 

[LFC_Bitcoin]

Voted $12-12.5 this round. Slow, seemingly organic upward momentum from last week, appears to be keeping mostly steady.

Same.

Slow & steady wins the race, it’s a marathon, not a sprint.

[JayJuanGee]

Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://www.newsbtc.com/2020/08/31/heres-why-this-crypto-ceo-thinks-bitcoin-soon-hits-15000/

Vinny Lingham does not have much (if any) credibility in these here parts in recent years.  #justsaying

Why This Crypto CEO Thinks Bitcoin Soon Hits $15,000

https://www.newsbtc.com/2020/08/31/heres-why-this-crypto-ceo-thinks-bitcoin-soon-hits-15000/

I'm no Crypto CEO, but I stand by my earlier, very conservative (near-bearish) predictions for 2020/2021:

2020 (Halving): $8500
2020 (EOY): $13,000 <-- Predicted
2021 (Q4): $30,000 <-- Predicted

I will be so happy to be proven wrong though...

You have more credibility than Vinny.

[cygan]

https://twitter.com/binance/status/1300070773655183362

its time for the next evolution

[Toxic2040]

Tomorrow is the close of the monthly candle and will bring further clarity as what lies ahead.  #dyor

Do you really believe that there is any kind of material significance to monthly candles?

Are monthly candles used by anything?  Bots?   Sure, they might be displayed here and there, but really significance?

Remember, from time to time, we also have quarterly, yearly and even 4 year candles being touted about, too.

I am not proclaiming any kind of non-significance of these various candles, but I wonder if you are really seriously excited about such impending monthly candle close or you are just a tease?    

yes

My interest stems from the fact that monthly candles describe long term macro trends and that is where my interest in bitcoin lies...long term. As for material significance? I am not sure how much can be gleaned from monthlies for day to day trading..which I think is what the majority of hodlers in this thread are focused on. We dont even have 9 years of monthly candles yet..just over 100 candles maybe? That is not enough of a statistically relevant number to be making assumptions on. Each month closed reduces noise however..so again...yes, I am excited.
----

In approximately 2 to 6 weeks...miners capitulate and we see some form or another of a V pattern.

Do you really believe that miners are on the edge?  There is a lot of behind the scenes with miners, and surely over the years and the various halvenings, we have had a variety of nonsense miner death spiral theories spouted out that do not end up playing out, but seems that part of the underlying presumption of your miner capitulation theory would be that there is something unsustainable going on behind the scenes in mining.

Sure we could have a three gorges dam rupture or something catastrophic like that, but that does not seem to be being calculated in the scenario that you are conjecturing, toxic.

I look at the recent halvening and the largely stable hashing power being thrown at bitcoin with even a slightly high point after this last difficulty adjustment:

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

In my potentially rosey eyes, mining hash rate continues to appear bullish as fuck on an ongoing basis, including the difficulty adjustments that were made before and after our most recent halvening and really how steady the ongoing upward pressures on difficulty continues to seem as UPpity.  Am I missing something?

yes

Perhaps I was not clear enough in my statements. I think there is a difference between miners turning off rigs due to profitability and affecting difficulty and miners having to dump coin to pay bills. Which the latter is what I was referring to. I believe some miners have been hodling coins on the possibility that there might be a significant rise in price and at some point selling capitulation might be a factor. Again..in my humble opinion.

[explorer]

Voted $12-12.5 this round. Slow, seemingly organic upward momentum from last week, appears to be keeping mostly steady.

Same.

Slow & steady wins the race, it’s a marathon, not a sprint.

Right up until its a sprint...