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

[El duderino_]

How could you not be bullish about Bitcoin right now?

- 2nd highest monthly price close
- Corporate treasuries of Square and MicroStrategy buying Bitcoin
- Decoupling from equities
- Robust trading infra and brokerages to buy Bitcoin
- Quantity and quality of content is 10x

https://twitter.com/danheld/status/1322968576605650944?s=20

Indeed

[Biodom]

To paraphase El_Duderino

"a coiner is what a coiner does"

[Wekkel]

To paraphase El_Duderino

"a coiner is what a coiner does"

Or: “this selling won’t stand, man”.

[El duderino_]

To paraphase El_Duderino

"a coiner is what a coiner does"

To paraphase El_Duderino

"a coiner is what a coiner does"

Or: “this selling won’t stand, man”.

Need to get them in 5 syllables bro's 

Main point is the big reason to go ...

[JayJuanGee]

Good morn Bitcoinland.
One three eight one six dollars
(Bitcoinaverage).

Not much to report
But in the world of Bitcoin
No news is good news.

Wasn't October
A splendid month for Bitcoin?
Go November go.

October was surely UPpity, even while September had been down - yet even accounting for September's DOWNity amount, by subtracting out the down amount, bitcoin was still UP twice as much as September had gone down.

TLDR:  Feels good man.

[Biodom]

corn is like a duck:
staying calm in the water,
paddling fast below

#haiku

[BobLawblaw]

We put our boy-cat, Shiva, in charge of rallying the charge towards $14k USD/BTC.

He and our other kitties are currently working out a plan.

Bro is currently licking his balls, deep in thought, while the girls chat amongst themselves, working on charts and graphs.

[Biodom]

We put our boy-cat, Shiva, in charge of rallying the charge towards $14k USD/BTC.

He and our other kitties are currently working out a plan.

Bro is currently licking his balls, deep in thought, while the girls chat amongst themselves, working on charts and graphs.

challenge one or all of the "math cats" with this:

https://www.quantamagazine.org/the-black-hole-information-paradox-comes-to-an-end-20201029/

something amazing in the writeup...the matter could be there in a location, but not 'counted' as "being there'-new ideation (it is being "reassigned").
And, it is linked to encryption...wow.

OT: btw, ya'll may be laughing at this, but it is entirely possible that your interaction with btc and WO is 'actually' keeping you in the branch of the multiverse (or MWI-Everett's multi world interpretation) that is more favorable to the success of bitcoin. Cheers!

[JayJuanGee]

PlanB
@100trillionUSD
#Bitcoin  is the best performing asset, this year, last 5 years and last 10 years. Even risk-adjusted bitcoin outperforms all other assets, year after year. What's your reason for not having bitcoin in your investment portfolio?

Charts: @ecoinometrics and @woonomic

Definitely better to look at returns on a zoomed out and longer time horizon - because the shorter-term snapshots can sometimes lose the sentiment(s) regarding what is really going on when comparing bitcoin to other assets.

Even though bitcoin adoption is ongoingly continuing to increase (frequently difficult to recognize while we are caught within the data changes), with some of this data, it is still difficult to understand how it continues to be so difficult for a lot of normies (and even institutions) to actually come around to the ideas of what is bitcoin - and a lot of this information has been out there for a decent amount of time - even if such information has ben packaged in various (sometimes confusing and ambiguous) ways in the past, and surely a lot of normies do get distracted by theoretical ideas that bitcoin is "at the top of a bubble" and/or theoretical ideas that they are too late to really be able to profit from making some kind of an investment into bitcoin, which bitcoin pessimistic speculations look silly in retrospect even though such ideas continue to persist as I type this post... and will likely continue to persist into near term future years (2-6-10 years), too.. even while ongoing and face-melting levels of transferrings  of wealth continues to take place (even if there are decently-sized and seemingly extended periods of time of bitcoin dips along the way).

For my current descendants, I think I would limit it to some exact sum rather than giving them the whole inheritance.
In my particular case, it is for the better, I think, otherwise it would just promote laziness/lavish lifestyle and nothing else.

Since bitcoin is so volatile (and likely to continue to be volatile, relative to other assets), it may b good to consider framing some of your passing down of wealth in terms of percentages, too, even if there remains some openness in that, too.

[Toxic2040]

the noon wall report at one thirty


Bitcoin closed out October at $13,816.08 marking it the 2nd highest monthly close ever and one of only nine times above $10k in bitcoins recorded history.

Impressive.

I think we are only getting started. Carry on.

#dyor

M



1h


medium fib again tested
4h

#stronghands

[Last of the V8s]

[savetherainforest]

To paraphase El_Duderino

"a coiner is what a coiner does"

Or: “this selling won’t stand, man”.

Don't dump on that carpet, man!

[philipma1957]

Last 12 days

2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406
2020-10-31  13,766
2020-11-01  13,762

note pulled info from here


https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187

as I noted in an earlier post { https://bitcointalk.org/index.php?topic=178336.msg55491561#msg55491561 }

 the  best streak of above 12,584

was from 2017-12-06 to 2018-01-15  that was 41 days

so 12 down and 29 to go.

   This will be a really nice streak to break.

  If we stay hot we break the streak on Dec. 2, 2020

so 2020-12-02 here we come.

[explorer]

Long, Long ago now
In a thread far, far away
JJG opined

  that's as far as I'm going with haiku..

that we would probably fill in the 13K area at a later date.  Now is years later, and we are filling the shit out of it.  Ready for an explosive exit north.  rocket.gif

[FullNode]

GazpromBank to offer Bitcoin trading and custody in Switzerland

https://www.cryptopolitan.com/bitcoin-trading-and-custody-in-switzerland/

[El duderino_]

Other direction @bitcorn

[FullNode]

Other direction @bitcorn

@doption

[birr]

We put our boy-cat, Shiva, in charge of rallying the charge towards $14k USD/BTC.

He and our other kitties are currently working out a plan.

Bro is currently licking his balls, deep in thought, while the girls chat amongst themselves, working on charts and graphs.

[explorer]

Other direction @bitcorn

   Direction can be so confusing.  Is bitcorn female?

[JayJuanGee]

Other direction @bitcorn

   Direction can be so confusing.  Is bitcorn female?

Huh?

dee corn has decided.. and we seem to be largely going UPpity...

In udder words, this price movement that you believe that you might be seeing is totally NOT unusual to get a bit of a rewinding (some might call coiling) on the way up.

We really have not had any kind of meaningful correction, so merely bouncing around within 5% ($13,439, so far) of the $14,100 top is largely white noise in the whole scheme of having had gone up nearly 28% for the month of October (just trying to put a timeframe on such UPpity, even if timeframes can sometimes be a bit arbitrary in themselves).

With a 28% price surge for the month of October, even experiencing a 10% correction (which would be $12,690 - I am not rooting for this) would not really be interfering with our current ongoing UPpity momentum in any kind of meaningful way.  We have not even had a 10% correction since late August/early September.

In other words, wake me up regarding whining about purported DOWNity when we get to a 15% or greater downward correction number.. (which currently 15% correction from the current local top would be $12k-ish) otherwise any of this back and forth and purported UP and DOWN is largely meh...   ..