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

[marcus_of_augustus]

heh, nice edit vapour, we think alike

... how else will you pay your Galactic Federation taxes after the "big reveal"?

... you think there is no driving force behind all these global international One World Order Government moves? ... the aliens are just working quietly behind the scenes, putting things in place and getting us ready to start paying their dues. And bitcoin is a currency they will accept.

edit: Colony

[smartcomet]

https://twitter.com/Coin98Analytics/status/1315853890424717312

source is https://bitcointreasuries.org

[bitebits]

Bitcoin in the Boardroom with Michael Saylor (part 1)
October 13, 2020  Peter McCormack

https://www.whatbitcoindid.com/podcast/bitcoin-in-the-boardroom

[nullius]

The skittish reactions are rather ironic, whereas my principal point was that Abbie Richards placed George Soros off-limits for discussion by labelling any such concerns as per se “antisemitic”.  (And by the way, that cartoon that I reposted did not even depict any of the famous Jewish American money-men.)

I wasn’t the one who brought up Soros being Jewish.  This nonsensical grab-bag was:



It is one issue on which all semblance of rationality immediately ceases.  On one side, it is categorically forbidden either to mention a Jewish person, or to mention that such a person is Jewish—even if Jewishness is mentioned only in the context of discussing an accusation that any concerns whatsoever about George Soros are “antisemitic” (!).  The whole scenario is Kafkaesque—oh, dear, Kafka was Jewish; did I just accidentally make an antisemitic remark by mentioning him!?  On the other side, once Jewishness gets mentioned, the interwebs tell me that it is necessary to produce elaborate proofs that Rockefeller had secret Jewish heritage (though I have never seen Morgan or Carnegie accused of being Jewish, so I suppose that I am allowed to mention them?).  Schlemiel bumps into Schlimazel...  In my whole life thus far, I have not met even so many as a dozen people who can discuss such matters objectively.

Anyway, my other point was that Soros (a JEW!!!) basically does the same as Carnegie (NOT a JEW!!!).  Carnegie bankrolled organizations with feel-good names that nobody could disagree with, such as “international peace”.  Soros says that he wants an “open society”.  They are all subversive as hell.  DYOR—at this juncture, I am not inclined to discuss it further.

[Last of the V8s]

[Cryptotourist]

... how else will you pay your Galactic Federation taxes after the "big reveal"?

Wild guess - we won't. Sounds so ungalactic of them.

... you think there is no driving force behind all these global international One World Order Government moves? ...

Sure there is. Human greed - take a look at the mirror.

the aliens are just working quietly behind the scenes, putting things in place and getting us ready to start paying their dues.

Well, you - of all - would know.
How about liberating humanity from its monetary chains? Instead of more chains something trivial like ... taxes.

And bitcoin is a currency they will accept.

That's strange, I thought they were after monoatomic gold.

edit: Colony

Galactic Federation production?

[Last of the V8s]

https://www.btctimes.com/news/spanish-government-plans-bill-to-require-crypto-disclosure

Spanish crypto investors may soon be required by law to disclose their holdings along with any profit gained following newly passed regulation.

coming soon to a .gov near you
how many of us can keep our btc away from prying eyes?
how many care?

surely worth having some non-kyc'ed coin to keep these thugs at bay.

https://bitcoinprivacy.guide/get.html

[Karartma1]

come on boys it's been posted twice now shouldn't we jumping up and down again another company sank 115 million into btc and no one seems to give two shits you'd rather talk about quantum greek jews or something i mean perhaps this is the new normal i don't know but i think it's something

Agreed.  And I hope it *IS* the new normal.

This is where I think we are on the bitcoin adoption curve:



The question is will price follow a similar trajectory?

Man, I hope so.

Can't merit you cAPSLOCK but, trust me, this is the most brilliant adoption curve analysis I have seen in ages. And the fact that's confirmed by math and science further supports it.

By the way, here comes my first haiku. Be kind.

Financial hyenas
First buy our assets,
Then ask for the moon.
#haiku 1

[JayJuanGee]

4 years

Oct 12, 2016
Oct 12, 2020

That's what I am talking about, willis!!!!!

Going to be a lot more acrobatic maneuverings to be trying to argue correlation from those visuals, but correlation wannabes, gonna correlate... based on all of them dipping at the same time in March 2020.. or some other nonsensicals like dat.   

 






 

[shahzadafzal]

"Not only @Square, in 2020 there are more than 10 Public Companies investing in $BTC, with a total value of over $ 6 billion, equivalent to nearly 600,000 BTC." @Coin98Analytics

[ivomm]

https://twitter.com/Coin98Analytics/status/1315853890424717312

[El duderino_]

Lovely afternoon.
Lets see whats there for me, to
double post today. 

[goldkingcoiner]

... how else will you pay your Galactic Federation taxes after the "big reveal"?

Wild guess - we won't. Sounds so ungalactic of them.

... you think there is no driving force behind all these global international One World Order Government moves? ...

Sure there is. Human greed - take a look at the mirror.

the aliens are just working quietly behind the scenes, putting things in place and getting us ready to start paying their dues.

Well, you - of all - would know.
How about liberating humanity from its monetary chains? Instead of more chains something trivial like ... taxes.

And bitcoin is a currency they will accept.

That's strange, I thought they were after monoatomic gold.

edit: Colony

Galactic Federation production?

I forgot what I wanted to post. Was probably going to be a shitpost.

[ivomm]

In connection with the frequent news about companies that reveal their positions in bitcoins, I have the following observations / speculations. Haters on twitter say that these bitcoins are not bought at once and that the price has not risen, so this news is irrelevant. These are the same haters who said 9 months ago that the halving was priced in. Apparently they were wrong, because the price has risen by more than 50% since the beginning of the year. In the same way, they are wrong in their assumptions that these purchases will not affect the price in the future. Here I believe that the following facts are valid.

These are serious companies with great resources and specialists who have obviously come to the conclusion that bitcoin will go up and at some point will decouple from stocks as it was often in the past. This will give the desired insurance and more companies will invest.

Another interesting fact is that in the last 6 months the balance of spot exchanges has decreased by about 500K bitcoins, which is close to the amount owned by some companies listed in my post above. This trend will obviously continue with further purchases.

The real question here is how much we can expect companies to invest in bitcoin over the next 4-5 years. It is clear that not everyone will buy large quantities at once, so 1-2 month bubbles cannot be expected from there. But according to fidelity, the estimated fiat that will be invested is about $1.3 trillion. A simple calculation shows that this amount at the current price would buy more than 100 million bitcoins, which is impossible of course. Therefore, even only the institutions will move the price to at least 100K, which would correspond to 10 million bitcoins - again more than is actually achievable, because there will be more than 8 million bitcoins that are either lost or not sold below 100K.

So definitely this news is very important and we should be happy. And be patient. The decline in bitcoins on spot exchanges is only a sign (but a definite one) of an impending price increase. The real rise can be postponed for several months, at most 2 years, if there are violent manipulations through the derivatives. However, as the pathetic troll proudcon would say, mathematics and science prove that with such an investment the price will become at least 100K in the coming years. And if we add the natural retail growth which will be enough by itself to push the price above 100K, we can expect a peak well above 100K.

#confirmedbymathandscience  

[Phil_S]

50 week SMA reached $9000 for the first time ever.

[Dabs]

When a company or anyone buys bitcoin, either they market buy, or create a wall. If the wall is not visible, it could be an OTC buy, or simply an iceberg.

[dragonvslinux]

Notably rejected by log growth trend-line, time for some consolidation to create a higher low?

It's also more than possible price now decides consolidates sideways and creates a higher low around $10.3-$10.4, given that we have established a (local) higher high.

This is otherwise the level I'm looking at for support, if price fails to turn resistance into support ($10.7-10.9K):



Patience is a virtue. Awaiting a 1-4 candle correction to the downside on the Daily for a higher low.

[WastedLTC]

https://twitter.com/Coin98Analytics/status/1315853890424717312

source is https://bitcointreasuries.org

Pretty sure that is not the correct BTCetc logo...       lol -- had to look that one up.

[Karartma1]

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

[Torque]

@ivomm
At the end of the day, when looking at all the buying frenzy from publicly traded companies, I think what really matters is the fact that there are less and less available bitcoin on the market. I believe proudhon can confirm that:
Supply Decrease: price increases, quantity decreases

Yes, although the exchanges can still keep a lid on things with increased fractional reserves to offset the reduced float. This only works as long as the market is lifeless with very few deep pocket buyers.

But once an on-market buying frenzy starts, combined with mega short squeezes the FR will only make it worse for the exchanges. Price will be gapping up bigly.