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

[aesma]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

Hard to really say but, checking the top 100 richest address list there are 674,721 addresses with  1- 10 btc.  If we assume that each is for one person, an even distribution of btc for each address, and needing about 3 btc @ $300k each to reach a million, we can estimate about 600k new millionaires. 

(just to keep it simple, those with less than 1 btc won't be new millionaires, and those with more than 10 btc at that point will already be millionaires)

600k new millionaires out of 46,000,000 is around a one percent increase.  Not much of a dent. 

The whole point here is just to show that btc at 300k is not a far stretch.

There is millionaire and there is millionaire. I would be one of those you just counted, but how many have 300BTC or more and would be 100 millionaires ? The "upper classes" of millionaires and billionaires would probably evolve quite a bit. Meanwhile, imagine someone who has 10-100 millions right now, probably mostly in a company and some assets, if (s)he figures he wants to be part of the BTC game and that 300BTC would be the right amount, it might not be that easy for that person to actually buy that, (s)he would need 10 million in cash laying around.

[somac.]

Big move is due to break of the triangle formation. let's hope it is not a fake breakout.

So i guess the move has nothing to do with real world happenings...

You chartists are amazing..

Did not see the Musk quote till after I made that post. However, Support and resistance lines are absolutely relevant and the reason why is because people think they are relevant. Support and resistance levels are therfore where people place their orders and stops. Why do you think that the big moves are always made around these levels? To ignore where people position thier orders is just plain fucking stupid.

And whats your analysis of support and resistance levels for GME and AMC shares past action ??

I bet the move was due to a scalene triangle breaking into a head and shoulders..  

Don't be daft, there are no support and resistance lines at these levels, the stock is moving purely on momentum and short term news.

By denying support and resistance levels you are esentially saying that no trader out there is placeing any orders based on those lines. Is that what you think is true? And do you deny the exisitence of short squeezes and stop runs which capitalise on the build up of orders at these S&R levels?

[BobLawblaw]

Ok look. NGU $5k USD.

That's nice.

Back to bed for a coupla more hours.

HODL on, HODLers. Next stop, $50k USD/BTC for some principled profit-taking.

[Overflask]

What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?

[heslo]

What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?

Shitcoins, yeah. Reddit hopped onto doge to pump that after Robinhood stopped trading on $GME

[BobLawblaw]

* BobLawblaw stops. Closes eyes. Inhales deeply. Waits 10 seconds. Slowly exhales.

What are Dogecoins?

Ok. DOGECOINERS FUCK OFF.

NO MORE OF THAT SHIT IN HERE.

DOGECOIN IS MORE DEGENERATE THAN THE LIFESTYLE I LEAD.

That says a lot.

[philipma1957]

You have to wonder why Doge when there's BTC. I'm not sure if I have the order of tweets correctly but fisrt coin mentioned by WSB was Doge, second was BTC, then the last I saw was Link.

Because you can transfer 230000 coins worth over 16000 usd for about 30 cents and do it quickly.

LTC + DOGE. are asic backed with a ton of gear and serve a purpose the btc can't really do with adding layer upon layer of wrapped payment plans.

Now bob calm down.  DOGE is merely a means to acquire more BTC for me. I have a long way to go before I reach your levels of btc wealth.

[vapourminer]

umm.... guys?

hey welcome back..

[yefi]

And what's with this?

Is Coinmarketcap joining into trolling hedgefunds?

How long before somebody creates an actual WSB shitcoin though?

[afbitcoins]

And what's with this?

Is Coinmarketcap joining into trolling hedgefunds?

How long before somebody creates an actual WSB shitcoin though?

For a few minutes I thought thats what that was

[_javi_]

Don't be daft, there are no support and resistance lines at these levels, the stock is moving purely on momentum and short term news.

By denying support and resistance levels you are esentially saying that no trader out there is placeing any orders based on those lines. Is that what you think is true? And do you deny the exisitence of short squeezes and stop runs which capitalise on the build up of orders at these S&R levels?

What i think its true is that you cant predict future.

Of course there are psychological levels, as people act based on emotions. And again, you cant predict facts that will affect those emotions.

Trading is gambling. But i agree traders have an edge over gamblers, as many times there are self fulfilled prophecies, and somebody can front run them.

[savetherainforest]

https://www.youtube.com/watch?v=Qkuu0Lwb5EM

enjoy this classic

I'l re-post this classic as well cuz u guys don't seem to listen to the 90's, They have Moons & Rockets !!! Just watch the intro... rofl.   

https://www.youtube.com/watch?v=KkhGkRahU6g

[Sayeds56]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Why do we even make those charts if one single person can pump BTC by just taking its name? Insane! Unbelievable growth. People are yelling and happy about this event even I am glad too but this isn’t good for crypto to be honest. One single person can drive the price up and down unlike Traditional markets. The market needs to be saturated and distributed equally. This giant holdings by the institutions isn’t good for the future of BTC. I might be wrong just sharing my opinion!

THIS IS THE POST FROM SOMEONE ON TWITTER AND I 100% Agree on it.

BTC WILL REACH ULTIMATE HEIGHTS ONLY WHEN NUNBER OF HOLDERS WILL INCREASE BUT NOT WITH FEW HOLDERS AND THIS IS FOR SURE NOT GOOD FOR BITCOIN AS THEN THIS CAN BE MANIPULATED EASILY BY THESE WHALES !

REMEMBER THESE NAMES :
ELON MUSK
MICHAEL SALOR
JACK DORSEY

THEY HAVE 2 much control for now over BITCOIN

https://t.me/cryptosignalsMG/5342

[savetherainforest]

REMEMBER THESE NAMES :
ELON MUSK
MICHAEL SALOR
JACK DORSEY

THEY HAVE 2 much control for now over BITCOIN

U forgot Satoshi d!eepsh!eet!    

[True Myth]

Breakout imminent? ...    

Soon.

My SOMA says we will see some action within 3-4 days.


(Disregard the arrows, that's just me tracking the EMA 21/55  )

Those arrows are too upsetting. !!!

Price going up as scheduled.   

https://www.youtube.com/watch?v=Hy8kmNEo1i8

Even a pump to $43k would still put us back within the main channel.  Up up and away!

Seems a wee bit optimistic to get a pump (now) that would push us through to an another ATH.

Of course, we cannot rule out anything in bitcoinlandia, but still seems a bit too bullish given our BTC price corrections (and perhaps consolidations) of the past few weeks.

No shit? (checking BTC price) wait but...but..   

Welcome back to the main channel folks.

[_javi_]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Why do we even make those charts if one single person can pump BTC by just taking its name? Insane! Unbelievable growth. People are yelling and happy about this event even I am glad too but this isn’t good for crypto to be honest. One single person can drive the price up and down unlike Traditional markets. The market needs to be saturated and distributed equally. This giant holdings by the institutions isn’t good for the future of BTC. I might be wrong just sharing my opinion!

THIS IS THE POST FROM SOMEONE ON TWITTER AND I 100% Agree on it.

BTC WILL REACH ULTIMATE HEIGHTS ONLY WHEN NUNBER OF HOLDERS WILL INCREASE BUT NOT WITH FEW HOLDERS AND THIS IS FOR SURE NOT GOOD FOR BITCOIN AS THEN THIS CAN BE MANIPULATED EASILY BY THESE WHALES !

REMEMBER THESE NAMES :
ELON MUSK
MICHAEL SALOR
JACK DORSEY

THEY HAVE 2 much control for now over BITCOIN

Yes sir, i totally agree.

I prefer hordes of plankton rather than a couple whales.

[heslo]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Why do we even make those charts if one single person can pump BTC by just taking its name? Insane! Unbelievable growth. People are yelling and happy about this event even I am glad too but this isn’t good for crypto to be honest. One single person can drive the price up and down unlike Traditional markets. The market needs to be saturated and distributed equally. This giant holdings by the institutions isn’t good for the future of BTC. I might be wrong just sharing my opinion!

THIS IS THE POST FROM SOMEONE ON TWITTER AND I 100% Agree on it.

BTC WILL REACH ULTIMATE HEIGHTS ONLY WHEN NUNBER OF HOLDERS WILL INCREASE BUT NOT WITH FEW HOLDERS AND THIS IS FOR SURE NOT GOOD FOR BITCOIN AS THEN THIS CAN BE MANIPULATED EASILY BY THESE WHALES !

REMEMBER THESE NAMES :
ELON MUSK
MICHAEL SALOR
JACK DORSEY

THEY HAVE 2 much control for now over BITCOIN

https://t.me/cryptosignalsMG/5342

They have no control over BTC, that's what's so great about it. No matter what they think, no matter how hard they try to censor a transaction, they can't. Sure, they might be able to influence the price in the short term but bitcoin just hums along nicely not giving a single fuck who any of them are

[OutOfMemory]

What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?

Dogecoins?
I guess it's what comes out of your dog on a walk., innit?
The things you pick up and seal using a plastic bag, right?

[yefi]

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult.

[hisslyness]

Can someone explain why that is so though? Can't exchanges similarly just "stop" people from buying bitcoin? I get that people can still do P2P transactions, but what happens if the "big" exchanges treat bitcoin similarly as RH did, restricting the buying...what happens then?

If "big" exchanges decide to unilaterally stop BTC buying, it is those exchanges that will die not Bitcoin. Unlike the ledger at the Depository Trust Company, Bitcoin's ledger is global, open and democratic which makes restricting access to it - by a handful of powerful entities - incredibly difficult.

then another exchange will just pop up and take over the reigns! Nothing will stop bitcoin as long as there is a full node ready to validate, bitcoin will be fine!