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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.9%)
7/28 - 11 (10.1%)
8/4 - 16 (14.7%)
8/11 - 7 (6.4%)
8/18 - 6 (5.5%)
8/25 - 8 (7.3%)
After August - 60 (55%)
Total Voters: 109

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26470289 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Phil_S
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November 06, 2020, 02:47:54 PM

Nursing home entrance right after than FINISH line, tho.
Last of the V8s
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Be a bank


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November 06, 2020, 03:02:36 PM

Toxic2040
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November 06, 2020, 03:13:30 PM


This is one of those pinch me if I'm awake moments. After so much suffering throughout the last 3 years, the price hit $16K during the night. Currently it is stabilizing around $15.6K, which is better than going straight to $17K. On a more personal layer, I've contemplated for a year about a similar scenario. Don't judge me, but I've sold 1.6% of my stash for the first time after the 2017 crash.

The reasons are multiple. First, I'd drained both my credit cards to buy in $3K area in 2018. Second, I'd took a loan to buy in March increasing my stash by 5%. I was too confident that $7K was a good price and the covid pandemic wouldn't affect the price. Hours later the price fell below $4K. So I basically was in mindrust's situation. But I decided to wait to see what will happen in 1 year. Now I have >3x profit from my loans.

I look upon this more like a variation of a long position with borrowed funds from the bank, but a hodler style. I'm not a trader, and never will be. In the mean time several devices went almost out of order and wait in line for a replacement - my phone, tablet, washing machine and tv. There are always expenses for the car as well. So my decision is completely justified and I am feeling good about it. This is a small reward for all the nerves and stress for both me and my father. Now he is shocked in a good way that all my predictions for the price shooting upward were correct. And he is congratulating me for the nerves and cold blooded hodling.

And finally, currently the fiat equivalent is more than enough for the main goal which I put to myself in 2017. In terms of fiat the difference is more than 5x. What will happen in 2021 is another story. I expect some remarkable highs which will tempt me to cash out and quit my job. Hopefully, I will keep most of my stash and sell only what I really need. I really love my job, but sometimes it is ridiculous to dress up, drive to work, check the price and see that during the drive I've earned the equivalent of my salary for many years of work. Not a great stimulus for work, but I don't complain Smiley

+1 WOsMerit

------

We aren’t due to hit $20k in 2020.  If we do, we are ahead of schedule.  Next year more likely.



+1 WOsMerit


Well hello there Mr McClairy.    Nice to see you stop by..I do hope all is well for you and yours m8. 

Steady as she goes.


-------





+1 WOsMerit

lol'd



-------

some morning charts


#dyor


1h


4h

#stronghands
Torque
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November 06, 2020, 03:15:58 PM

Quote
This is huge.

Square is selling double the Bitcoin that is made.

...and now Paypal is doing the same.

Paypal is almost 3X Square. We already know Grayscale is consuming a similar magnitude.

This is a Bitcoin supply crisis. 

Base case: expect huge price moves from Bitcoin.


https://twitter.com/caprioleio/status/1324665302584623104

Good observation. Also fractional reserve being called out on the market by big money will create huge price jumps.
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November 06, 2020, 03:37:13 PM

Don't judge me, but I've sold 1.6% of my stash for the first time after the 2017 crash.

Nothing's wrong with that.

agreed.

next step for him is to sell:

 1.5% at 21k+
 1.4% at 28k+
JimboToronto
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November 06, 2020, 03:39:47 PM

Good morning Bitcoinand.

I see we're still above $15.5k, consolidating after yesterday's delightful gains... currently $15504USD/$20255CAD (Bitcoinaverage).

Passing $20kCAD is a pleasantly satisfying in a way.

A little bit of a breather here wouldn't do any harm. Its a little early to go exponential. Save that for next year.

I'll be happy to be near the ATH by year's end. Slow and steady.

Go Bitcoin go.

I love making money while sleeping, it doesn’t get any better than this.

One of the few things on which I can agree with Warren Buffett:



Isn't hodling fun?
Lucius
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Crypto Swap Exchange🈺


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November 06, 2020, 03:52:09 PM
Merited by philipma1957 (1), JimboToronto (1)


Source

Great billboard Cheesy
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November 06, 2020, 04:13:39 PM

Expect military trucks to drive into the justice department shortly before Trump leaves office.

Expect Trump to walk away a very rich man.

The strangest prediction.

I have a better one:
1. with Senate ostensibly remaining republican (most likely) and Supreme court decidedly conservative, republican "masses" won't care too much and WS is ecstatic (no new taxes, etc.).
2. Trump might try a comeback in 2024. It worked out for Grover Cleveland, so there is a precedent.

Trump is no whipper snapper, so he may well be dead, or near dead in 2024... but would not put it past him to attempt some drama, even in his more elderly years... absent the various criminal charges that he is likely going to have to battle in the coming years because I doubt that democrats - or even regular peeps are going to be tolerant of the various ways that he abused his power in terms of financials and other eccentricities that go beyond the pale of the regular corrupt politicians in the USA.  There may be some allowance to sweep his extremes under the rug - but really would likely not be in the best interest of the country to allow him to get away with his various narcisistic and likely non-productive self-dealings and reckless with the public finances interminglings.
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November 06, 2020, 04:14:37 PM


https://i.imgur.com/WYCRVA7.jpg
JayJuanGee
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November 06, 2020, 04:32:56 PM
Last edit: November 06, 2020, 05:39:57 PM by JayJuanGee


@Toxic: what's in the box?

pain...for fiat hodlers

#dyor


Volume is not the as in the past but i think we dont need lot of volume as longs as there is FOMO  Shocked Wink

I have been kind of wonder too, if there may have been some movement of BTC price discovery from exchanges to OTC type avenues, especially if we have BIG institutions such as Square and Grayscale sucking up a lot of the coin supply.  From where are they getting their coins.  

I believe that Saylor had admitted getting a decent amount of his coins from various exchanges, but he did not really detail with any precision his sources of his BTC and/or exactly his methodology - even though he disclosed that he (likely involving some agents) had made 10s of thousands of BTC buying transactions over a relatively short period of time prior to October of this year..

Actually not even sure about when he started acquiring coins, exactly, but based on his purchase price disclosures and some other of the details that he disclosed, it seems to be that he likely had some somewhat clustered purchasing activities of BTC at least three times in the months of July (his own stash) August (his first acquisition of MSTR coins), September (his second acquisition of MSTR coins).

In any event, changes in on-exchange trade volume might not always give great indications regarding ongoing measure of sentiment, which seems to be part of what you are suggesting, hossamdz.

Almost 2k up in one day, did we ever had that?

Yes, 2019  26 June

October 25, 2019 we had nearly $3k in less than 24 hours from $7,400 to $10,300.  I used to remember (seemingly incorrectly) that we had accomplished that BTC price move in a bit over 12 hours, but when go back and look at the one minute charts it seems that my memory is not what the historical charts are showing.

See this link to play around with the timeline:

https://bitcoincharts.com/charts/bitstampUSD#rg60zig1-minzczsg2019-10-25zeg2019-10-26ztgMzm1g10zm2g25zv



By the way, as many of you more astute Wall Observers may recall, we shot up from $7,400 to $10,300 in less than 24 hours  on October 25, but then we trickled back down to $7,400 and even below $7,400 in the next month.. and then had a kind of mini-bear (feeling at the time) BTC consolidation in the upper $6ks/lower $7ks for a bit more than a month before entering into a beginning of 2020 mini-rally for a bit over a month.. to peak above $10k again before experiencing our movement into our March 12 rapid crash.  

Almost 2k up in one day, did we ever had that?

Yes, 2019  26 June

Once almost 3K not?

Yes... see above.
gallianooo
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November 06, 2020, 05:08:04 PM

Hm. 15.5. Still don't need anything. Wonder what I'll be thinking at 30.

We might do a late 2016-early 2017 "thing" vs ATH.
Move fast to $20-21K, then drop back to $14, then off to the races.

Agree with this scenario.
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November 06, 2020, 05:08:52 PM

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Cue to Buy Bitcoin: Fed and Bank of England Vows to Do ‘Everything' to Help their Economy Recover
https://bitcoinexchangeguide.com/cue-to-buy-bitcoin-fed-and-bank-of-england-vows-to-do-everything-to-help-their-economy-recover/
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November 06, 2020, 05:11:51 PM
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Cue to Buy Bitcoin: Fed and Bank of England Vows to Do ‘Everything' to Help their Economy Recover
https://bitcoinexchangeguide.com/cue-to-buy-bitcoin-fed-and-bank-of-england-vows-to-do-everything-to-help-their-economy-recover/


Oh cool they are going to close up shop?
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November 06, 2020, 05:20:13 PM

The Run of the Golden Bull!  Wink

https://www.youtube.com/watch?v=nJeddv1QbeQ

Great song choice and makes it sound like it is from the beer guy commercial vibe to it. Cool
https://www.youtube.com/watch?v=guMrgRKKENI
https://www.youtube.com/watch?v=U18VkI0uDxE
He faces a bear! Grin

https://www.youtube.com/watch?v=dYde7LbQrG4
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November 06, 2020, 05:20:13 PM

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Cue to Buy Bitcoin: Fed and Bank of England Vows to Do ‘Everything' to Help their Economy Recover
https://bitcoinexchangeguide.com/cue-to-buy-bitcoin-fed-and-bank-of-england-vows-to-do-everything-to-help-their-economy-recover/


Oh cool they are going to close up shop?

No they will try to absorb btc into their clutches.
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November 06, 2020, 05:20:37 PM

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Cue to Buy Bitcoin: Fed and Bank of England Vows to Do ‘Everything' to Help their Economy Recover
https://bitcoinexchangeguide.com/cue-to-buy-bitcoin-fed-and-bank-of-england-vows-to-do-everything-to-help-their-economy-recover/


Oh cool they are going to close up shop?
No, the printers will explode
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November 06, 2020, 05:36:56 PM
Last edit: November 06, 2020, 05:51:35 PM by JayJuanGee

$15.5k USD/BTC breached. Yeah, riding this fucking wave, yo.
Will reconsider depending on how quickly we hit $16k.
YOLO.
$15.551 achieved! Grin
snip
Watching on BBC news and they mentioned about the release of silk road bitcoin. Lips sealed
Yet no movement from Trumpster from the white house yet but the tweets are in all caps so you know he is mad. Cheesy
snip
snip

It all depends on Georgia now to find out when he goes dark for the next 3 months left of his term.
Thought it would be Arizona and Nevada to do it for Ol' man Biden. Grin

If only he could step away from himself and see just how stupidly childish he is behaving. Does he not realize that counting ballots actually takes time? Seriously, how does this guy even tie his shoes?

It is quite surprising that so many people vote for such a narcissistic self-absorbed dweeb, especially when his main duties would be to represent people and the public interest, which he seems totally incapable of carrying out such duties.  I suspect that there has been a decent amount of regular peeps who believe that it is in the public interest to diminish or destroy government, and for some reason, they believe that trump's self absorption actually ends up accomplishing their objectives.. Seems like a lack of actual introspection from a lot of normies to actually believe such a corrupt (and unwilling (more likely unable) to focus on anything beyond his own interests) person (referring to trump) actually is good for either the country or for the serving of their own interests.

the question asked now is the vote result gonna effect bitcoin price or not , we all see that the price moved up due the vote but what if trump lost ? hmm

Edit:  whoops, I got ahead of myself, and responding to your post below this one

Price goes up.  Price goes down.

Sure, we could continue going up.. Has happened many times; however, any of us should not be surprised by some kind of significant correction at some point, and the mere fact that such correction happens to coincide with some worldly events, so fucking what... does not mean that they are related exactly, even though they are happening at the same time.

We have not had any kind of meaningful correction since around early September and that was when we were dipping into the four digits.

I personally had been expecting some resistance after $13,880 (our previous local high) and then additional resistance in the sub $17,250 arena.. which would have been one of our bounce highs from December 2017.. but also significantly sub $17,250 would be within a certain reasonable percentage of our ATH --- 15% or so... which would represent entering into no man's zone.. or whatever proper name for such price area around previous ATH...
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November 06, 2020, 05:38:51 PM

the question asked now is the vote result gonna effect bitcoin price or not , we all see that the price moved up due the vote but what if trump lost ? hmm
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November 06, 2020, 06:03:56 PM

the question asked now is the vote result gonna effect bitcoin price or not , we all see that the price moved up due the vote but what if trump lost ? hmm

Chances are that the Democrats will be printing out much more dollars during a Biden presidency than a Trump one. From that perspective, it could just make things even more attractive for cryptos as an alternative store of value...
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November 06, 2020, 06:08:28 PM
Last edit: November 06, 2020, 06:19:09 PM by Searing

Need to remind myself, I do not need a Lambo.




Just remember...there is a 'mysterious' never much mentioned 'magic' to Bitcoin...the more you have in HODL mode..the more 'lucky'  you are to the oppisite sex and any

friends or relations there of. I mean, why could that be?

As a further example of such 'wierdness' say you have 1,000 BTC and you went home with your 19 year old girlfriend (like everyone has at my age of 65 years) and meet

her father and asked for marriage. For some reason, when the 'retired in BTC/Crypto comes up' and also the 'topic' of marriage comes up...even the Father..seems to

regard you in more favor..then you would expect. All due to the 'mystery' of the 'obvious' and 'magical properties' of Bitcoin. It is a mystery indeed! Likely, never

to be solved in my lifetime, but on the other hand, my fiance seems to be trying to F*ck me to death, but I'm sure I'm imagining things. Smiley

Brad


either you are lucid dreaming OR you are one horny "goat"...no offense, please.

hey, I'm just commenting on the fact that women seem to be attracted to HODL'ers lately for some 'unexplained' reason...it is 'befuddling' indeed! Smiley


Need to remind myself, I do not need a Lambo.




Just remember...there is a 'mysterious' never much mentioned 'magic' to Bitcoin...the more you have in HODL mode..the more 'lucky'  you are to the oppisite sex and any

friends or relations there of. I mean, why could that be?

As a further example of such 'wierdness' say you have 1,000 BTC and you went home with your 19 year old girlfriend (like everyone has at my age of 65 years) and meet

her father and asked for marriage. For some reason, when the 'retired in BTC/Crypto comes up' and also the 'topic' of marriage comes up...even the Father..seems to

regard you in more favor..then you would expect. All due to the 'mystery' of the 'obvious' and 'magical properties' of Bitcoin. It is a mystery indeed! Likely, never

to be solved in my lifetime, but on the other hand, my fiance seems to be trying to F*ck me to death, but I'm sure I'm imagining things. Smiley

Brad


WTF do you need a 19 year old for?
I am 63 I will be 64 in 2-3 months.

You could give me every coin back I ever handled in my profile wallet.

I think it is about 400 btc which is now over six million.

I would not be looking for a 19 year old.



I just find it 'befuddling' that all these women, young and old, have such a 'technical' vision of Bitcoin HODL'ers....and want to hang out with ...us long term

hodl'ers...must be some

kinda of 'glam' about Bitcoin....I don't get it...but then again....can't be the money right? That would be so disappointing...naw... must be they are just hot nerds! Smiley

It must be our technical 'charm' and wisdom, right? It can't be for the money, that would be too depressing. So if people can 'deny reality' on FOX news I'm gonna

continue to go with my pixie-dust/fairyland/unicorn-fart vision on such interest in HODL'ers by the opposite sex. If you don't believe in such a viewpoint, go to any

exotic dancer club, it is amazing how much they will talk to you about the properties of BTC and such. Ah, such wasted 'technical' nerd talent. It must be my 'sparkling'

self-imposed...never to be seen...locked in my house due to the Pandemic ...personality.

Anyway, have to run some Nigerian Prince is in trouble and needs me to hodl his $$$ and BTC private key for a 'modest' fee.

(Denial: 2020 how America copes with the pandemic)

Brad
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