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

[Farmer Bill]

Part of the problem here is that Parler is funded by Robert Mercer.   Robert Mercer was a founder of Cambridge Analytica and funder of Breitbart.  

I think this one individual has done more to divide America than anyone else (including Trump).  And it has been highly profitable for him.  

There has been no attempt to hold Robert Mercer accountable for his actions. This needs to change. The FBI should dig into his electronic correspondence to see if he had a role in the Capitol Riots.

https://www.reuters.com/article/parler-funding-mercer/social-media-platform-parler-gets-backing-from-mercer-family-wsj-idUSKBN27V020

Robert Leroy Mercer (born July 11, 1946)[2] is an American hedge fund manager, former principal investor in the now-defunct Cambridge Analytica,[3] computer scientist who was an early artificial intelligence researcher and developer, and former co-CEO of the hedge fund company Renaissance Technologies.[2][4][5]

https://en.m.wikipedia.org/wiki/Robert_Mercer

Edit: he also supported the Brexit campaign.  This guy is dark.

Mercer played a key role in the campaign for the United Kingdom to leave the European Union by donating data analytics services to Nigel Farage.[6]

To no one’s surprise, he is a racist.

Mercer has said that the Civil Rights Act of 1964, the landmark federal statute arising from the civil rights movement of the 1960s, was a major mistake. In 2017, David Magerman, a former Renaissance employee, alleged in a lawsuit that Mercer had said that African Americans were economically better off before the civil rights movement, that white racists no longer existed in the United States, and that the only racists remaining were black racists.

I think we can solve a lot of these problems and heal America through campaign finance reform. If we stop the firehose of money flowing from billionaires to politicians, we can eliminate much of the corruption.

The Democrats control all three arms of government for two years and they have the means to overturn much of the US campaign finance laws.  This will fix at least some of the sickness at the source.  Unfortunately I have my doubts that they can do it with such a narrow majority, they only need one dissenter. 

I'll see your Robert Mercer and raise you a George Soros.

Plenty of people in the United Kingdom supported Brexit. Most / plenty were never influenced by any outside source for wanting to step outside of the EU simply because of the fact the United Kingdom was never under German control during the second world war. Many people in the UK hardly saw the benefit of the EU as some type of protector in the division that caused two world wars. The UK never wanted the Euro thus any further proposed fiscal unification was only seen as a threat and loss of control.

Add in the exodus from half of Syria (supposedly, there were many from different nations who took advantage) to Europe starting in 2015 and the Brexit vote was pretty much sealed when that was going on.
It was easy to make some money in the UK on the Brexit vote betting via bookmakers as it was about 10 to 1 for leave!

Robert Mercer was never needed to do a damn thing.
Nigel Farage never managed to get himself elected as a member of parliament. His influence, yes it was there as a barking dog in the EU parliament, was hardly needed to sway anyone.
In addition, you only have to go back 10 years before the Brexit vote and find out that in fact the Liberal Democrats wanted an in out referendum as well. Nothing to do with Robert Mercer or Nigel Farage.

That is about as real a take as it gets, you must live in the UK.
In a democracy the majority decide, not the educated, the elite, the left or right.
Most who voted leave had held that view long before a referendum was called.
The only people who did not see the leave majority vote coming, were the entire mainstream media, the well heeled elite, the so called educated classes, and the Labour party who think they know whats good for working people without asking them.

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[serveria.com]

Not at all,
simply comparing the market to early 2018 after a massive bull run.

   $42k is surely a MASSIVE bull run...

Glad to see the price head back up. But let's see where we are in a month.
For me 18K ish would be a price I'd be happy to buy in at again. At the moment I'm not sure if we can go back up much beyond 40 or drop a lot further still so I'm playing it safe and just hodl.
And yes my prediction was more long term (month or so) to find the bottom. Should have made that clear.

Well Grayscale and other big guys seem to be happy to buy at $35k...  

[BitcoinBunny]

Not at all,
simply comparing the market to early 2018 after a massive bull run.

   $42k is surely a MASSIVE bull run...

Glad to see the price head back up. But let's see where we are in a month.
For me 18K ish would be a price I'd be happy to buy in at again. At the moment I'm not sure if we can go back up much beyond 40 or drop a lot further still so I'm playing it safe and just hodl.
And yes my prediction was more long term (month or so) to find the bottom. Should have made that clear.

Well Grayscale and other big guys seem to be happy to buy at $35k...  

True, I have little knowledge (or interest I guess) knowing how Grayscale buys its BTC but it seems big players can quickly move money in and out to gain more BTC from weak hands, so I just don't think it's unimaginable we drop big and go back up big later in the year (potentially 6 figures).

[AlcoHoDL]

In addition, you only have to go back 10 years before the Brexit vote and find out that in fact the Liberal Democrats wanted an in out referendum as well. Nothing to do with Robert Mercer or Nigel Farage.

Populism made almost all the difference.
UK is about to wake up with quite a hangover after the brexit party.

Source: Statista

[Heater]

After 8 years of trying I converted a nocoiner friend yesterday and they were lucky enough to buy the dip.

[BobLawblaw]

@Bloqport
Bitcoin surges an average of 153% after every 30% pullback 🔥
https://twitter.com/bloqport/status/1348742623809384450?s=21

I can't even what the hell are they I don't understand why numbers penis codpiece.

Suffer well!

+10 WOs merit for DM reference

You'll dance to anything.

[True Myth]

In memory of the 2018 crash:
https://youtu.be/8VIfo4YbELY

In memory of the 2021 correction:
https://youtu.be/OyXS7QCDn3I

[OutOfMemory]

That is about as real a take as it gets, you must live in the UK.
In a democracy the majority decide, not the educated, the elite, the left or right.
Most who voted leave had held that view long before a referendum was called.
The only people who did not see the leave majority vote coming, were the entire mainstream media, the well heeled elite, the so called educated classes, and the Labour party who think they know whats good for working people without asking them.

And you can't influence and manipulate the majority, can you?
You seem to undervalue mass psychology, imho.


Anyway, bitcoin does one thing since the genesis block, and that is: surprise us.
When i go by the least popular opinion, imo the sustained continuation of a bull run, for example.
It seems that sideways and down are the more popular expectations, so bitcoin is likely up to do something else  
But this is another attempt to project the past onto future events, tbh. May fail as well, and certainly will at some point  

After 8 years of trying I converted a nocoiner friend yesterday and they were lucky enough to buy the dip.

possibly the birth of a new hodler?

@Bloqport
Bitcoin surges an average of 153% after every 30% pullback 🔥
https://twitter.com/bloqport/status/1348742623809384450?s=21

These +153% would bring us into $80k territory, which the tarot grandma of a WO predicted recently (didn't remember his nickname).


When zooming out, the correction looks just right. Breaking the parabola and returning to trusty, old linear projection.
Shy investors will possibly like this, too.
Confidence.
 
EDIT: and good night!

[yefi]

Not at all,
simply comparing the market to early 2018 after a massive bull run.

Massive bull run? This ain't no massive bull run son. We're only twice the old top. This is like a calf hobbling around trying to find its balance.

When we're over 100k, we can talk about massive bull runs.

[Hueristic]

Also this. I mean they can easily touch the databases.

I’m not a system architect but expect it really depends on the setup.  If they are using Bring Your Own Key (which they should be...) then it’s all encrypted and AWS doesn’t have the key. 

All AWS are subject to side channel attacks.

[True Myth]

The media is really taking advantage of this drop...
https://www.theguardian.com/business/2021/jan/11/bitcoin-be-prepared-to-lose-all-your-money-fca-warns-consumers-risk-productis-cryptoassets

Bitcoin: be prepared to lose all your money, FCA warns consumers

*Edit - Forbes getting in on the action too.
https://www.forbes.com/sites/jonathanponciano/2021/01/11/crypto-market-erases-200-billion-in-market-value-in-24-hours-regulator-warns-investors-could-lose-all-their-money/?sh=6f47f7783913

Crypto Market Erases $200 Billion In Market Value In 24 Hours; Regulator Warns Investors Could ‘Lose All Their Money’

#bulllish

[HairyMaclairy]

Not at all,
simply comparing the market to early 2018 after a massive bull run.

Massive bull run? This ain't no massive bull run son. We're only twice the old top. This is like a calf hobbling around trying to find its balance.

When we're over 100k, we can talk about massive bull runs.

Word

[Hueristic]

Parler's security was beyond terrible. They didn't even strip the medadata from uploaded images. Metadata such as:

By Design. they knew exactly what they were doing.

[Biodom]

Not at all,
simply comparing the market to early 2018 after a massive bull run.

Massive bull run? This ain't no massive bull run son. We're only twice the old top. This is like a calf hobbling around trying to find its balance.

When we're over 100k, we can talk about massive bull runs.

The price itself (42K) was not a problem, the temporary overbought situation was there because of the rate of ascent, nothing else.
A dip to 30K was great as far as removing some frothiness. Mashinsky/Celsius guy is saying 16K, but to me it looks too deep from 42K.
The moves are too fast, though, for almost a $800 bil (at the top) asset. I guess bitcoin refuses to grow up yet, maybe at 2 tril....

SPAC man, Chamath P., is hilarious
https://twitter.com/chamath/status/1347906104374644737

[True Myth]

Observing overconfidence in the bounce back.  Buy order set at $32,500 for potential quick correction.

[Evilish]

And we're back over 35k.

In memory of the 2018 crash:
https://youtu.be/8VIfo4YbELY

In memory of the 2021 correction:
https://youtu.be/OyXS7QCDn3I

Haha, good reminder of 2018. Love that unexpected Carlos Matos bit.

[JayJuanGee]

i sold too many BTC at under $1000 per corn !!    doh

Figured as much.... wwwwwwweeeeeeee!!!!

Holy crap. Looks like price touched 30k a couple hours back. I wouldn't be surprised if we hit 25k in the next few days. Or go back up to 40k. You never know with BTC.

Welcome back to the olden days. I wonder how long it will take to rebound this time.

I actually find what is happening to be expected. The days when the price doesn't stop breaking ATH after ATH are very cool but they can't last forever. What I'm sure of is that some weak hands bought around $40 and sold at a loss, since I think the general retailers started to influence the price somewhat from $20-25k as shown by google trends and stated in this article, and those retailers are more prone to sell out of panic.

They sell because they are amateurs in the world of bitcoin, and they believe that they are going to be able to buy back cheaper, which more frequently than not ends in tears (or having to buy back at a loss).

[SiNeReiNZzz]

[JayJuanGee]

Missing a couple-few 0's before that "x" there  

There are probably a variety of ways to figure out average costs per BTC, and even if having had sold to create a $0 cost basis by playing with "house money" 

But I am just going to suggest that mine might be something like the dip caused me to go from more than 40x profits to only about 30x profits.. even though it could be accurate to just add a zero and say going from 50x to 40x profits.. .. it still adds up to similar kinds of calculations in which these kinds of percentages of dips do not seem as material as to when you are either barely in profits or you are not quite into profits, yet.. then the dips feel more consequential and amazing.

The moral of the story is that in the vast majority of cases newbies are not going to be rushed into having those kinds of greater levels of cushions, and if they are early into bitcoin, they just have to be considering various ways to take reasonable and prudent steps to engage in ongoing BTC accumulation without risking much if any principle along the way, and after a couple of 4 year cycles they are likely going to have profit cushions that are much greater than they are going to be able to get in the vast majority of traditional asset classes.

[STT]

Source: Statista

The majority of the tax is paid by whatever the lowest tier is in the country.  I always think thats an important check to make when determining the likelihood of some idea proceeding successfully or not. So like the idea of only raising taxes on the rich is usually flawed and fails, fine words but in poor effect.    Politics is nonsense very often, I reject 90% of it of being anything more then a burden and its greatest use is avoiding wars through diplomacy, communication.



Is this document likely to have much impact

https://t.co/cqGPeyMzx2?amp=1