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

[nullius]

Nice to see Trump wait for Thanksgiving Day to bury the news of the pardon he granted to Michael Flynn

I can't wait to see him try and pardon himself.
Even if it works, that only applies to federal crimes.
He is in a heap of shit for state crimes. (and he knows it)  His immunity runs out on Jan 20, 2021 at noon.
Pass the popcorn please...

Off to mother Russia.

Liberals with their conspiracy theories!

[1713540777]

1713540777

[1713540777]

1713540777

[nullius]

Are we about to get seriously f-ed?

https://twitter.com/brian_armstrong/status/1331744884856741888

Last week we heard rumors that the U.S. Treasury and Secretary Mnuchin were planning to rush out some new regulation regarding self-hosted crypto wallets before the end of his term. I'm concerned that this would have unintended side effects, and wanted to share those concerns.

 Plenty of VPN options to choose from, but otherwise I expect that Bitcoin, and all other cryptocurrencies will go on without them. 

You seriously mean that some people use Bitcoin (and other cryptocurrencies) without Tor? 

(Not VPN.)

[nullius]

purring kitteh blows a kiss
4h


thin necks wring easily
#stronghands

I just made quadrillions of dollars^* shorting Bitcoin at high leverage!!  

* Vintage Mugabe-era Zimbabwe dollars—or perhaps future American dollars, which may soon match.

#stronghands

1 BTC = 1 BTC.  I said it in 2017.  I said it in 2018–19.  I said it in March 2020, July 2020, and September 2020.  I said it last week—I will say it now, too!

I can check fifty times per day, or per hour, or per minute—it still says, 1 BTC!

• Bear market:  Shrug.  Sigh.  OK, I will try to eat less for awhile—because spending hurts.
• Bull market:  Shrug.  Smile.  OK, prices are lower now!  Wow, my expenses are getting so much cheaper...

It is how my lil selfie survives being overinvested in Bitcoin.  

You can amuse ur lil selfie all the way to the poorman's house, if you are rich in some kind of money that nobody (relatively speaking) wants.

You probably are "overinvested in BTC".. especially if you really do not attempt (or is it refuse?) to balance out your BTC versus fiat in a meaningful way... you are just not recognizing the overinvested status of ur lil selfie..    

Bookmarking a few things to which I should like to return—admittedly wishful thinking, maybe...  :-/ :-/ :-/


Sound like me?  Just looking at one of my Newbie-rank posts from December 2017—coincidentally, two days after the ATH:

In principle, I am also against speculative trading; though I certainly do not complain about appreciation of my bitcoins’ value!  I am in Bitcoin primarily for reasons of ideology.

[...]

I do share your concern about certain apparent political collision courses, perhaps inevitable.  That’s why I try to inform people about the historical incidence when gold was banned for four decades in the U.S.

[...]

If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.  This last is important, because Bitcoin is more than a technology:  Bitcoin and its value are a sociological phenomenon.

^^^ The Bitcoin: The Social Phenomenon thread was long in coming.

[JayJuanGee]

Sound like me?  Just looking at one of my Newbie-rank posts from December 2017—coincidentally, two days after the ATH:

In principle, I am also against speculative trading; though I certainly do not complain about appreciation of my bitcoins’ value!  I am in Bitcoin primarily for reasons of ideology.

[...]

I do share your concern about certain apparent political collision courses, perhaps inevitable.  That’s why I try to inform people about the historical incidence when gold was banned for four decades in the U.S.

[...]

If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.  This last is important, because Bitcoin is more than a technology:  Bitcoin and its value are a sociological phenomenon.

^^^ The Bitcoin: The Social Phenomenon thread was long in coming.

Bitcoin does not live in a vacuum - so of course, speculation remains part of what incentives it's whole system to work in terms of miners at the base security level and then building value within the community - whether being used in commerce, stored or even incentivizing development.  Of course, you do not necessarily need to participate in speculation in order to benefit from it, and there may likely be none (or only a few) peeps who actually participate in bitcoin from all angles...

I should just stick with NO ONE can participate in bitcoin from all angles because there is ONLY so much that any one person can do in terms of participating in the various systems that are directly or indirectly inspired by bitcoin (and ongoingly growing too).

Going for a second dip.
Hopefully we will be above 16500 tomorrow, but if not, I've got some buying power waiting to be deployed.
I would not mind if the decline stops right here either, but some double dip is virtually guaranteed (if not in the next 24 hr, then in the next 3-4 days).

Maybe or maybe not...

Could test $17,253 again or could test $16.5k or lower.  

Historically, we have experienced plenty of 30% to 40% tests of support (and even greater from time to time) right in the midst of a bull run...

In this case, 30% would be $13,643, and 40% would be $11,694.  Greater than 40% would be lower prices than $11,694.  So, sure.  There is that angle, and BIG ASS corrections can be quite healthy for shaking out a few weak hands here and there..   If you consider our current correction, it has only been about 11.5% from $19490 to $17253.  I am not wishing for down, and do tend to get pleasure from the BTC price going up and watching bearwhales, no coiners, fence sitters, bitcoin naysayers and alt-coin pumpeners have to chase the bitcoin train UPpity when they failed to pee pare their lil selfies.

I am not going to complain either to be witnessing some shitcoins getting some purgening of a wee bit of value in this dumpening, too.   Purgening of shitcoin froth could be some of the fuel that is driving this correction.. yet I am not going to proclaim to be able to pinpoint specific motives beyond asserting that if momentum can be established in the DOWNity direction, then surely there are players that are going to take advantage of such DOWNity momentum to push the BTC price down for as far as they can and to keep it down for as long as they’ve  can.... So there is that angle, as well.

[Toxic2040]

Congrats to all the newcomers. You just panic sold your first bitcoin. Join us next week where you buy it back for a hefty loss.

+1 WOsMerit


-----

-snipped-

1 BTC = 1 BTC.  I said it in 2017.  I said it in 2018–19.  I said it in March 2020, July 2020, and September 2020.  I said it last week—I will say it now, too!

I can check fifty times per day, or per hour, or per minute—it still says, 1 BTC!

• Bear market:  Shrug.  Sigh.  OK, I will try to eat less for awhile—because spending hurts.
• Bull market:  Shrug.  Smile.  OK, prices are lower now!  Wow, my expenses are getting so much cheaper...

It is how my lil selfie survives being overinvested in Bitcoin. 



If you have a large holding from 2011, then just enjoy it and support Bitcoin’s further development and social acceptance.  This last is important, because Bitcoin is more than a technology:  Bitcoin and its value are a sociological phenomenon.

+1 WOsMerit

[UnDerDoG81]

2k soon theories coming up asap after a needed correction 

[Wekkel]

Everybody is guessing but I guess this will take a few days to settle and has a probability of being a local top for now.

Come back in 2 weeks for new attempt at ATH.

Meanwhile => accumulate more.

[nullius]

Nulli..I am sure you have thought about this..but we are just a bunch of dumb hicks around here for the most part. you come in with a scalpel when [...]

All too oft have I been accused of wielding a chainsaw, when a scalpel would suffice.  This is new:

Thank you, Mr Toxic.  But this won’t do:



The gentleman of refined tastes is being persecuted by Toxic2040’s antithesis!

...and one more thing, Mr Toxic:  Love the library.  But I keep mine encrypted.

If memory serves, there are a few other Easter eggs alike to the foregoing—never mind.
Mood Musik for my friends to enjoy whilst reading my posts:  Free download of a public domain project!

Hotlinks to MP3s for all tracks (now playing):  Aria; Variation 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27–28, 29, 30; Aria da Capo è Fine.

24-bit FLAC is also available; see the above archive.org link for that, or for the handy in-browser Javascript musik player.

Blame this for my attempts to introduce culture to the Wall:  (Read 225 times :-()

museums, art, libraries
tremendous success: 0 answers

0 is my name!

[nullius]

That's the spirit, f1980!!!!!!
(...) gotta get rid of some of this extra money... surely cannot take it with me, and who knows when the wished I could "take it with me" might end up playing out.

Being the richest guy in the cemetery isn't exactly my masterplan either.

True masterplan:  A long-term investment in the dynastic power of future friends.  (Jay already knows my opinion of lil Gee selfies.  )

In this game called life, it is not who dies the richest who wins:  It is whose great-great-great-grandchildren have the most power.  Wealth is neither the beginning nor the end; but as I have learned the hard way, it certainly helps.

<darwin.jpg>

’member, lads, it is he who owns the means of reproduction who wins.  Home Economics 101.  IT IS THE SECRET OF LIFE.

Alles am Weibe ist ein Räthsel, und Alles am Weibe hat Eine Lösung: sie heisst Schwangerschaft.

* nullius ist Keinen ü b e r Allem.

[serveria.com]

What is this? A dump for ants? 

[ErisDiscordia]

I'm liking this correction. It was the same last time we were revisiting the previous ATH (around 1150$) in early 2017. Upon hitting 1150 we had a decent correction to 700ish. A month later we were back at 1100$. Five more months and we were hitting 3K and we all know how the rest of 2017 went.

The longer you fuel the rocket the higher she goes 

[dragonvslinux]

Small profits taken at $18K. I'm now short-term bearish on the 4hr, looking for some tasty dip on the Daily chart, waiting for the Weekly RSI to not be so oversold...

*Picture time*

Based on the 4hr MA Ribbon, the parabolic structure has been broken. While there is support below, it forces me to call the local top at $19.5K for now:



 
 
 

The trend is your friend, until it becomes your enemy  

[Karartma1]

If it stays this low until the beginning of December I can only be happy as my DCA strategy will allow me to buy cheaper.
Always good to have strategies.
No panic

[nullius]

So, is Bitcoin dead yet?

[...] NO ONE can participate in bitcoin from all angles [...]

You said my name.

What is this? A dump for ants?  

Where are all the FOMO n00bs who were wishing to catch a dip?

Meanwhile => accumulate more.

* nullius is amused that something significantly over 10¢ $1 $10 $100 $1k $5k $10k $(where the hell are we?  I lost track awhile ago) is suddenly a “dip”.

What will the morrow bring?

The longer you fuel the rocket the higher she goes  

[OutOfMemory]

Good morning.
... is it really good? Could be better, according to BTC price charts  

Ex wife update:

The non follower has discovered the recent rise in BTC.  Called me to see how she can sell her bitcoin.  #LooseHands

So why did you tell her?



  


So $18.6k broke. Well, you lucky buyers, BTFD!
My fiat is locked, but my corn too  

What is this? A dump for ants? 

Bigger ants, tho...

I'm liking this correction. It was the same last time we were revisiting the previous ATH (around 1150$) in early 2017. Upon hitting 1150 we had a decent correction to 700ish. A month later we were back at 1100$. Five more months and we were hitting 3K and we all know how the rest of 2017 went.

The longer you fuel the rocket the higher she goes 

Yeah, i remember my debut buying at $2,4k. Panic sold the most @ around $2.2k two days later and re-bought again at $2.8k in the same week   

[ivomm]

Good morning WO! I see a lil weak hand shake out happened during the night. Traders must have their cut off losses, this is part of the game. I guess some of them are selling in expectation of some 2017 style correction like 30-40% from the last top. But this time it is different. The big institutional buyers are leading the charge. This never happened before in the history of Bitcoin. They are not looking for short terms profits not to mention cut losses. And indeed in the last 8 months we had only one noticeable correction of 20%. It remains to be seen if this tendency will continue. So far 10%.  

[El duderino_]

https://twitter.com/bitcoinmemehub/status/1331741230905118732?s=21

[Wekkel]

... But this time it is different. The big institutional buyers are leading the charge. ...

Institutional investors are not both (long term) accumulating HODLers and Traders. So take your pick.

There is no reason why traders could move price down 20-30% in a classic 'good' dip.

[P_Shep]

Well this is very ungentlemanly.

[nutildah]

Very unbecoming of gentlemen.