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

[fillippone]

https://twitter.com/100trillionUSD/status/1330469160980242432

This the same Sunday hopium planB post ??   

I am getting old... apparently.
I used to be the Italian stallion. Now I am the Italian mule...

[Torque]

So when the MSM is not busy printing articles slamming Bitcoin, it's up to the ol' trick of "look over here, not over there!" with articles that only mention shitcoins and avoid talking about Bitcoin.

https://finance.yahoo.com/news/ethereum-litecoin-ripple-xrp-daily-024408704.html

The ol' diversion tactic. 

[dragonvslinux]

The other day everyone was talking about $20K and beyond (as we were topping out). Now today people are saying to take profits as $19K was "clearly" the local high. Am I the only one looking to trade the dip on smaller time-frames? Buy support in bull markets? As long as we remain in a bull channel, price remains bullish.

Having low buy orders on low liquidity exchange pairs (BTC/EUR on Bitstamp) is also a good idea it seems 



Whales and their fat fingers 

[nullius]

As a long-term investment, I think she turned out quite fine:



Plagiarism disclaimer: I didn't take this picture myself - no shit.

You shall be baned!  Prepare for your Red Trust!

(not sure if this is a generation gap thing, but I do sincerely hope I'm not the only one who recognized this "hottie", otherwise I'd feel horribly old)

Fuck you for doxing my age.  Though I am older, and she has aged better:



SKAM!

Code:

~Areopagus

🙃☮

I love this Fuchs:

Although in reality I would have hidden a sheep under the stairs.

I have mutton and lamb chops in a deep freezer under the stairs.  Good?  🐺

Although in reality I would have hidden a sheep under the stairs.

In that case, if something goes South, you will need to prove that you are not a sheep.
Best to be on the sincere side, and ... hide!

*. Just remembered about a guy that spent many years in jail, for pretending to be someone else (a serial killer), and evidently was sentenced as if he was the one.
That was before DNA testing - which actually set him free, decades later.

Genetic testing is not required.  Memetic testing proves that I am not a sheep!

...fantasies about “educating” the ineducable.  Sheep can no more be taught to think than dogs can be taught to sing opera.  Indeed, for the intended readers of this essay (others are hereby irrelevant), sheep can no more be taught to be you than you can be taught to be a mindless sheep...

[nullius]

in the same way traditional publishers of print news or books got eaten by software, banks will not disappear all of a sudden. 500 years is some huge momentum. it will take decades, but their fate is sealed already.

That statement may have been colourable (if arguable) decades ago.  Similarly as for similar statements about the recording industry, the film industry, etc.

Now:

• Amazon has both a monopoly and a monopsony on e-books.
• A lawsuit by BigCorp book publishers may destroy archive.org.  (This may take awhile.)
• DRM has corrupted the W3C standardization process.  It is now impossible to build an independent, standards-compliant web browser without paying ridiculous licence fees for the privilege of abusing your users—if the DRM gatekeepers will even allow you such a privilege.
  
  

  Summarizing our options
  
  Ultimately there are two potential options: Widevine or PlayReady.
  
  With Widevine we’ll be stuck waiting for an indefinite amount of time without certainty of whether they’ll agree to provide their solution.
  
  With PlayReady we can expect to have to pay $10,000 upfront.

• Universities still pay obscene amounts of money for access to scholarly journals.  The profit goes into the pockets of BigCorps, not to scholars and researchers.  When last I checked, Alexandra Elbakyan (—who has nothing to do with America—) was in hiding, with tens of millions of dollars in American court judgments against her, and a ridiculous U.S. “Justice” Department investigation against her.  Usage of Sci-Hub and Library Genesis is relatively marginal, whilst billions of dollars in value are extracted by parasitic middlemen.
  
  

  Consider Elsevier, the largest scholarly publisher, whose 37% profit margin¹ stands in sharp contrast to the rising fees, expanding student loan debt and poverty-level wages for adjunct faculty. Elsevier owns some of the largest databases of academic material, which are licensed at prices so scandalously high that even Harvard, the richest university of the global north, has complained that it cannot afford them any longer. Robert Darnton, the past director of Harvard Library, says "We faculty do the research, write the papers, referee papers by other researchers, serve on editorial boards, all of it for free … and then we buy back the results of our labour at outrageous prices."²  [...]

• Nowadays, hoi polloi watch movies on Netflix instead of torrenting.
• iTunes not only saved the “music” industry with a new business model:  It was the precursor for the “app store” business model by which device makers control what software you can run on “your” device.  This is an existential threat to the free availability of general-purpose computing.
• —This list could be much extended.  I think that I have made my point.—

Do you suppose that the bankers be stupider than the publishing industry, et al.?

next time you are talking to a banker enjoy it as if you were able to watch some dinosaurs in rl. bitcoin is their asteroid.

Not if these “dinosaurs” exploit mass greed to seize control of Bitcoin.

As Bitcoin’s price “moons”, which the bankers themselves can easily cause at will, how many people do you know who will say NO to ridiculous regulations and “KYC”-enforcing, transaction-censoring mining pools?

For a quick index on the answer to that question:  How many people do you know who say NO to “KYC”?

Nobody will say it.

Be vigilant.

If I could have Bitcoin keep its freedom and be worth exactly what I bought it for—no more, no less, forever—then I would be much happier than I will be to see my modest stash “moon” as I lose my tiny little sliver of financial freedom.

[FullNode]

Grayscale #bitcoin trust volumes on OTC markets up strong this quarter

https://twitter.com/skewdotcom/status/1330205023721189377

You can really smell the FOMO when you see retail flocking to grayscale buying bitcoin at 22,000 USD!
Grayscale had his best day ever as USD inflow last Friday.

Also details here

Good thread


https://i.imgur.com/43IhEIn.jpg

[LFC_Bitcoin]

Observing $18,319!

After falling to $17,7xx this morning (UK time) it looked like we might be set for a significant correction which I was disappointed at the thought of but accepted it was possibly due after we have had a significant upwards surge in recent times with no retrace. It seems that there might just be strong support & even a big willingness to buy in that range.

If we can hold $18,000 over the next day or two we could even be set for a test of the ATH before the end of the month, quite incredible really.

Everything is going exactly to plan.

Keep HODLING boys!

[friends1980]

Although in reality I would have hidden a sheep under the stairs.

I have mutton and lamb chops in a deep freezer under the stairs.  Good?  🐺

Louis nullius, I think this is the beginning of a beautiful friendship.


edit: stable around 18,250....

[bitserve]

This is not the Bitcoin I knew...

Where are the wild retraces? The endless dream crushing?

Bleh.

[JimboToronto]

Good morn Bitcoinland
One eight four eight five dollars
(Bitcoinaverage).

It seems that the great
Battle for eighteen thousand
Is not over yet.

Let's wait a little
Longer to reach a new high
And go much further.

Take your profits before we crack ATH.

I think that I will
Take my profits in Bitcoin
Thank you very much.

[Phil_S]

Already at $18,500

This is fine



edit:
https://www.zerohedge.com/crypto/jpmorgan-admits-it-was-wrong-about-end-bitcoin-bull-run-renews-140000-plus-price-forecast

[UnDerDoG81]

Oh shit, who sold at 17,7xx  

EDIT: Its not meant to be mean. But cmon, we are in a bullrun that not even started. Just resist to make a few $$$ and hold.

[jojo69]

Posting is only for entertainers like JJG.

https://www.youtube.com/watch?v=d0ByxyIAWrQ

[Wekkel]

If this holds up around $18,xxx, a spike to $30k may be in the cards 

[strawbs]

Got to love these dips
which then rebound straightaway.
Seller's remorse now

[LFC_Bitcoin]

Not up in here....

[Toxic2040]

1h


4h

[Free Market Capitalist]

Call me an optimist if you like, but I think we'll break ATH before December. All the news I see is positive, it's all upward price prediction reviews.

Only a catastrophe can stop this.

[BobLawblaw]

Have been buying small "petty cash" chunks of this dip over the last 12 hours for... reasons.

Gut tells me this upcoming week may start to get quite interesting.

[JayJuanGee]

I know but you just can't make them understand how good

gpu to eth to btc is at the moment.

Buy a new card 3 year warranty. I still mine with 1080ti's from dec 2017 and they turn profit.

Well, I did mine for one whole year - 2018 - with GPU's, and ETH was the first thing I mined.
I do understand that 2018 was not a happy year for mining, but I did get my sample. But the best thing I did, was to sell the hardware exactly "on time", and allocate the funds back to BTC. Expensive electricity you see. Also mined a few dozen shitcoins - just because.

Now if you're ideally set up (solar farm) - of course your ROI is far better.

No wonder CT.... you have such shitcoiner roots...     

    

My whole point was - in case you guys missed it - that I don't think we should engage with such mining details (ETH all over the place) ... here, on this thread.
Over & out.

Good thing that you have come around to see the light...