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

[JayJuanGee]

Nice post fillippone. Did I light up your bracelet? Does it flash when double merited?

Of course, it flashed and vibrated when you merited me (single merit, not double), and again when you mentioned me.
You actually sent a double thrill on my body.

My body is ready. (also for this)

fillippone .... edited out a wall of fillippones.......  fillippone fillippone fillippone fillippone

TEST123 #nohomo

Looks like homo to me, even if you disclaim.

 

[Paashaas]

Good morning WO!
Observing @ $ 13,200

So finally we are moving forward. I missed everything in-between. What changed?

Goodmorning BitcoinGirl.Club. Bitcoin is slowly decoupling from the stock and gold market.

Recent rise in #bitcoin  price and drop in gold price, increased the price of bitcoin to 7 ounces of gold. IMO this is significant.

https://twitter.com/100trillionusd/status/1321731076767830017?s=21

Goeiemorgen El duderino.

Watching the same post at the same time lol.

It looks like Bitcoin is getting ready to conquer a larger portion of the gold market cap.

Right now BTC is at about 2.4% of the market size of gold.

This is only the beginning.

https://twitter.com/ecoinometrics/status/1321731938541948929

[BitcoinGirl.Club]

<snip>

Morning!
So had $13,800+ at some point and then we are down to $700+. Looks like market is trying to stable at some price around the current price.

Wall Street Suffers Worst Day Since June

[philipma1957]

Also there are large drops in difficulty due to end of rainy season in China.

This puts downward pressure on price.

This difficulty my gear earns 1 btc for the entire 2 weeks

But with a 15% drops in diff next 2 weeks

I earn 1.15btc

this means as a  miner I have a spare 0.15btc due to higher earnings which I can sell off.

Thus downward pressure on price from miners for the next 17 days.


besides the expected .15 increase in coin for a 1 btc miner there are huge fees.

https://www.blockchain.com/explorer?utm_campaign=dcomnav_explorer

blocks
654662 over 2.8 coins in fees
654661 over 2.5 coins in fees
654660 over 2.6 coins in fees

huge amounts note ant pool made 2 of those blocks more then 5.3 coins in fees they pocket and can sell instantly  thus more downward price pressure.

So whales sitting on 50 million in profit
and big pools getting huge fees

both point to us going down in price.

[friends1980]

Nice post fillippone. Did I light up your bracelet? Does it flash when double merited?

Of course, it flashed and vibrated when you merited me (single merit, not double), and again when you mentioned me.
You actually sent a double thrill on my body.

My body is ready. (also for this)

fillippone .... edited out a wall of fillippones.......  fillippone fillippone fillippone fillippone

TEST123 #nohomo

Looks like homo to me, even if you disclaim.

 

Hope Of Missing Out?

It looks like we're expanding the dictionary of trading vocabulary more and more every day...

[infofront]

Previous poll results:

[soullyG]

Bounced nicely off $13000, now at $13420 and rising

[philipma1957]

I missed I was too low on that poll.

This time I voted we go under 13k.

[Karartma1]

But Micheal Saylor is a real Bitcoin Bull.... I would say he must be a WO regular!


https://twitter.com/michael_saylor/status/1321422012380753921?s=20

While reading this tweet just remember he also hodl the 90% voting rights in MSTRG. So he informed the other managers, but in the end he self-voted his decision.

This is an interesting additional piece of information that was not really publicly known, previously.

Well, this is why I craft my thread very attentively: to disclose information going below the very first superficial layer.

All was already written in this posts (actually it is 75%, not 90%, but nothing really change).

Link to thread:
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

I hope the guy has invested in his personal security too. I mean his OpSec is completely gone. I wouldn't sleep very well at night knowing the world knows I have 17k damn coins!

[El duderino_]

I missed I was too low on that poll.

This time I voted we go under 13k.

Bear 

[cAPSLOCK]

Head fake confirmed?

[soullyG]

Feels like it, but I won't believe it till we've passed $13880 with a bit of volume

[philipma1957]

I missed I was too low on that poll.

This time I voted we go under 13k.

Bear 

For the next six to eight days I am bearish.

[JayJuanGee]

I missed I was too low on that poll.

This time I voted we go under 13k.

Bear  

As I type, we do seem to be getting some UPpity pressures, and I am not going to complain to continue to witness bears getting recked beyond expectations.... gonna feel good, man. .. even though no guarantees --- but bear tears do make some decent kind of fuel.    #nohomo

I missed I was too low on that poll.

This time I voted we go under 13k.

Bear 

For the next six to eight days I am bearish.

Those are infamous words, in these here parts.... "long term bullish, short term bearish"... sucks to b uie.   

[Phil_S]

all right

that's more like it

[JL0]

I missed I was too low on that poll.

This time I voted we go under 13k.

Bear  

For the next six to eight days I am bearish.

Friday CME futures expiration I'm looking forward to the weekend and the monthly close.

[Biodom]

RE Saylor...he plomped $170 mil of his OWN money into the corn as well.
https://twitter.com/michael_saylor/status/1321422012380753921

the guy knows how to DCA,  

I literally don't know what I would do if I was sitting on a $60m profit.

sell 10%, use $6 mil-that's easy.

[Phil_S]

https://twitter.com/lopp/status/1321464188271763463

Lopp: Acquire more bitcoin before @michael_saylor buys them all.

Michael Saylor: Once you understand #Bitcoin, you go to bed each night with anxiety, feeling chronically short.

[Paashaas]

Breaking News Iran Changes Law to Use Bitcoin For Imports.

Iran has become the first country in the world to use cryptocurrencies at a state level for value exchange.

The Iranian Cabinet has amended legislation to redirect cryptos into the Central Bank of Iran’s funding mechanisms for imports, according to a Saturday report by the official IRNA news agency.

---

Iranian money has drastically fallen in value with inflation there at 34%, a situation that has been continuing since 2018.

The country is in the grip of US sanctions, so they can not use dollars for international trade.

They are therefore turning to bitcoin, the first country to do so at a state level, with the famous bitcoin volatility less of a consideration here because the situation is desperate.

Edit: Original source

[cAPSLOCK]

Breaking News Iran Changes Law to Use Bitcoin For Imports.

Iran has become the first country in the world to use cryptocurrencies at a state level for value exchange.

The Iranian Cabinet has amended legislation to redirect cryptos into the Central Bank of Iran’s funding mechanisms for imports, according to a Saturday report by the official IRNA news agency.

---

Iranian money has drastically fallen in value with inflation there at 34%, a situation that has been continuing since 2018.

The country is in the grip of US sanctions, so they can not use dollars for international trade.

They are therefore turning to bitcoin, the first country to do so at a state level, with the famous bitcoin volatility less of a consideration here because the situation is desperate.

Cool/Scary.  This could cause the west to start considering an adversarial stance towards Bitcoin.  Which we all know would be foolish.  But still...