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

[Torque]

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

[LFC_Bitcoin]

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

Very likely Torque, anybody who expects a constant upwards price trajectory tor the next 18 months or so is an idiot. It’s always good to get a few good corrections on the way up.   

I think scenario one is the more likely.

[Toxic2040]

nmoon charts


.....

ftfy

tell me how you really feel.. 

+1 WOsMerit



--------

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

+1 WOsMerit


Unpopular opinion #3

Bitcoin keeps laddering up to $25k until Q4 2021 and then gets serious about a face melting pump towards $100k.

[philipma1957]

nmoon charts


.....

ftfy

tell me how you really feel.. 

+1 WOsMerit



--------

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

+1 WOsMerit


Unpopular opinion #3

Bitcoin keeps laddering up to $25k until Q4 2021 and then gets serious about a face melting pump towards $100k.

If BTC was 78k right here right now it would equal 19.9k of 2017 (from a mining viewpoint)

So to think 100k is coming soon is not that unlikely.

[Cryptotourist]

Unpopular opinion #4

Remember remember, the dipth of November.

Late this year or next year ATH, dip, $50k by the end of summer, and finally $165k by DEC 2021.

$100k tomorrow.
Visual:

[explorer]

Unpopular opinion #4

Remember remember, the dipth of November.

Late this year or next year ATH, dip, $50k by the end of summer, and finally $165k by DEC 2021.

$100k tomorrow.
Visual:

Choo Choo MF!  That train is rolling!

[Indymoney]

https://twitter.com/whale_alert/status/1319373882185449473?s=20

https://twitter.com/whale_alert/status/1319373880025382915?s=20

[marcus_of_augustus]

Going to 1 million

[gembitz]

I GONE TRADED MY $$$ FOR MAGIC INTERNET CORNZZZ :-D WEEEEEEE

[bullrun2024bro]

Going to 1 million

Jeeeesus, you mean this event is going to be canceled? I already ordered my popcorn.



Source: http://www.dickening.com/

[xhomerx10]

Going to 1 million

Jeeeesus, you mean this event is going to be canceled? I already ordered my popcorn.

 So that's why he gave himself up to the authorities!!

[marcus_of_augustus]

I'll take $500 million worth and sleep better

Delivers the mother lode

[afbitcoins]

Hmm I wonder which part of the cycle we are on now .. ?

chart

[julian071]

[rdbase]

Going to 1 million

Jeeeesus, you mean this event is going to be canceled? I already ordered my popcorn.

So that's why he gave himself up to the authorities!!

I guess he wasn't reciting this enough times from the old classic:

https://www.youtube.com/watch?v=uVmU3iANbgk

The Rain in Spain
Audrey Hepburn, Rex Harrison, ...
"The rain in Spain stays mainly in the plain
Again
The rain in Spain stays mainly in the plain!
I think she's got it! I think she's got it!
The rain in Spain stays mainly in the plain!
By George, she's got it! By George, she's got it!
Now, once again where does it rain?
On the plain! On the plain!
And where's that soggy plain?
In Spain! In Spain!
The rain in Spain stays mainly in the plain!
Bravo!
The rain in Spain stays mainly in the plain!
In Hartford, Hereford, and Hampshire...?
Hurricanes hardly happen
How kind of…"
Source: Musixmatch

No dickening this year chums. He most likely will get some dick in prison though.

[serveria.com]

nmoon charts


.....

ftfy

tell me how you really feel.. 

+1 WOsMerit



--------

Unpopular opinion #1

Bitcoin will continue to pump until the election, then dump the day after.

Unpopular opinion #2

Bitcoin will pump until the second week of December, then dump.

Either way, I see a significant pull back before year end. Then the rise will continue in the new year. That's the bullish part.

+1 WOsMerit


Unpopular opinion #3

Bitcoin keeps laddering up to $25k until Q4 2021 and then gets serious about a face melting pump towards $100k.

We're not seeing any significant pullback until we reach the new ATH. 

[philipma1957]

Hmm I wonder which part of the cycle we are on now .. ?

chart

chart is bull shit scale is wrong look at the numbers on the right.

[aesma]

Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

Let's hope Paypal provides insurance if something goes wrong with Paxos, and not something like "not my fault, don't care".

[philipma1957]

Does paypal really buying bitcoin, if a paypal user buying (paypal) bitcoin or is the paypal-bitcoin just on the paper?

(Or is it just another shittoken? The ppB? )

Most likely they are buying real bitcoin. They are teaming up with Paxos Trust Company to hold the assets.

Do you have that in writing? FAQ or so?

Want to know this too.... Its pretty important!

https://www.paypal.com/us/smarthelp/article/cryptocurrency-on-paypal-faq-faq4398

Yes they are buying real BTC and they are using Paxos to do so. They are making money on the spread. I doubt they are taking possession of the coins. They are just facilitating the buying and selling and making 0.5% on each buy or sell. Paxos is holding the coins and is regulated so they are not going to do fractional reserve.

All this talk about fractional reserve is just FUD.

Let's hope Paypal provides insurance if something goes wrong with Paxos, and not something like "not my fault, don't care".

Please use common sense.  Ie. do not put in 25-100% of your btc holdings into PayPal

I am at 40 usd worth of btc which is under 1% of my btc holdings.

[smartcomet]

Highlights from the report
Full-time equivalent (FTE) employee growth slowed considerably following the late-2017 market frenzy. Respondents across all market segments, reported year-on-year growth of 21 per cent in 2019, down from 57 per cent in 2018.

The survey findings estimate that on average 39 per cent of proof-of-work mining is powered by renewable energy, primarily hydroelectric energy. Understanding the energy source of mining is important because electricity costs account for the majority of hashers’ operational expenditures – albeit with some variability across world regions – and hashers have long competed on accessing the cheapest energy source.

Aligned with 2018 findings, new survey data shows that off-chain transactions, both in terms of volumes and numbers, continue to be dominated by fiat-cryptoasset trades (and vice-versa), meaning that users primarily interact with service providers, such as exchanges, to enter and leave the cryptoasset ecosystem.

Stablecoins are becoming increasingly available. The share of service providers supporting Tether grew from four per cent to 32 per cent between 2018 and 2020, compared to 11 per cent to 55 per cent support growth for non-Tether stablecoins. This is aligned with the rising value of transactions denominated in stablecoins.

Service providers operationally headquartered in North America and Europe indicate that business and institutional clients make up 30 per cent of their customers. This figure is much lower for APAC and Latin American firms at 16 per cent and 10 per cent respectively.

The share of cryptoasset-only companies that did not conduct any KYC checks at all dropped from 48 per cent to 13 per cent between 2018 and 2020, most likely resulting from the progressive harmonisation of KYC/AML standards across jurisdictions, such as initiated by the Financial Action Task Force (FATF). The inclusion of firms exclusively supporting cryptoassets featured in FATF’s updated standards and recommendations is believed to have spurred greater compliance among this group of firms. However, this should not be interpreted as these companies becoming fully KYC compliant as some KYC checks are only applied to a subset of consumers.

USER NUMBER AND ACTIVITY

In 2018, the 2nd Global Cryptoasset Benchmarking Study estimated the number of identity-verified
cryptoasset users at about 35 million globally.

Applying the same methodology, an update of this
estimate indicates a total of up to 101 million unique cryptoasset users across 191 million accounts
opened at service providers in Q3 2020 (Figure 34). This 189% increase in users may be explained by
both a rise in the number of accounts (which increased by 37%), as well as a greater share of accounts
being systematically linked to an individual’s identity, allowing us to increase our estimate of minimum
user numbers associated with accounts on each service provider.