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

[somac.]

Well, if that's the case maybe just bring it out for times like these.

Also, what exchanges have you included in that?

That's just Bitstamp. I'm still gathering data on finex and gdax but will probably just stick with bitstamp.

I'm thinking of putting chartbuddy on twitter (or similar service). People would then be able to post in here as needed. It was a plan for a while. He was on bitco.in for a while but people got fussy and now it's not for BTC anymore really. Twitter would just be more generally available. Unfortunately somebody already grabbed the chartbuddy handle.

Fair enough. I feel bitstamp is the only genuine orderbook anyway, same as most of us here feel, I'm sure.

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[Richy_T]

Fair enough. I feel bitstamp is the only genuine orderbook anyway, as most of us feel here I'm sure.

I know coinbase isn't well liked around here but I'm more not including them mostly because you can choose to get enough data about the order book to fill up your HD quickly or hardly any at all. Finex seems to be less unpopular here than I feel about them but I think one is enough for now anyway.

[Richy_T]

Asks starting to fill up a bit

I think some really interesting data could be gathered from analyzing the book like especially whether walls are being bought or moved. Probably some inferences could be made about the players too.

[somac.]

Fair enough. I feel bitstamp is the only genuine orderbook anyway, as most of us feel here I'm sure.

I know coinbase isn't well liked around here but I'm more not including them mostly because you can choose to get enough data about the order book to fill up your HD quickly or hardly any at all. Finex seems to be less unpopular here than I feel about them but I think one is enough for now anyway.

Problem with coinbase here is not the exchange itself, but more the person running it, nobody here wants to support if for that reason. I also don't think anyone here views bitfinex with high regard honestly.

For me, I would trust coinbase's orderbook over bitfinex. I think many would. But, keeping it on bitstamp make sense for stated reasons.

[somac.]

Asks starting to fill up a bit

I think some really interesting data could be gathered from analyzing the book like especially whether walls are being bought or moved. Probably some inferences could be made about the players too.

I think you're right.

Edit: we're getting some large differences between exchanges in price. $500 at one point between finex and stamp

[El duderino_]

[El duderino_]

[El duderino_]

Same imho .....

[ChartBuddy]

OK, hour's not up but I'm getting off of here so...

[rdbase]

Seriously this guy needs to stop tweeting



Can we close his twitter account if people start reporting.

Well if he did come out and straight out say "Yes! Tesla did sell all of the bitcoin they bought just a mere month ago."
Then the feds would come knocking on his door for the same thing Martha Stewart went to jail for..
Insider trading: To raise a stock up or down fully knowing their influence can sway the markets of a particular commodity.

They will be buying up on the dip if it goes below $30k for sure.

To close his twitter account he would need to pull a Trump-esque type coup at American corporate level to do that.

[Richy_T]

Same imho .....

Yep, all those people who were saying 60k was too expensive... where are you?

[philipma1957]

Seriously this guy needs to stop tweeting



Can we close his twitter account if people start reporting.

Well if he did come out and straight out say "Yes! Tesla did sell all of the bitcoin they bought just a mere month ago."
Then the feds would come knocking on his door for the same thing Martha Stewart went to jail for..
Insider trading: To raise their stock up or down fully knowing their influence can sway the markets of a particular commodity.

They will be buying up on the dip if it goes below $30k for sure.

To close his twitter account he would need to pull a Trump-esque type coup at American corporate level to do that.

why ? Martha Stewart was a licensed broker with inside info in a regulated stock exchange that she was licensed to broker trades.

Musk does not own a crypto exchange.

I don’t see the crime that Martha Stewart did.

Btw if I had my way I rather he be jailed then her.

As his actions have hurt a lot of people and her actions did not.

[El duderino_]

Same imho .....

Yep, all those people who were saying 60k was too expensive... where are you?

Those never are the buyers.... near ATH’s always to expensive, 30-50% from ATH it’s broken.... for them nocoiners...

Non believers always have there excuse for not buying, good we don’t need them and they will only buy at the real TOP’s....

My hands are strong and will remain strong ...

Btw same for a lot of people, we know this DIP was coming so when it’s there we better not complain to much just wait for the recovery do some DCA along the way and look in the brighter long term road ahead of us, it’s just another day in BTC.

Nothing is only sunshine, sometimes it does rain, where is that meme with raining red bars and one person holding a green one, appropriate time for posting it ...

[El duderino_]

Back In HODLsleep for a few more ...

[DaRude]

This probably provides some evidence to the doubters that we are NOT quite ready for a supercycle.. but hey.. maybe some peeps are thinking that there will be, and I doubt that the world works like that and I doubt that status quo institutions are just going to roll over without at least a certain amount of fight both with financial tools if they can do that and with information wars too, if they can maintain some amount of credibility in propagating ideas that put bitcoin into doubt, at least to those who are less familiar with what really causes bitcoin to tick, and even some of us longer term bitcoiners will sometimes have our doubts, too... but hopefully we neither panic nor sell too much of our stash too soon because of our sometimes over receptivities to whatever new talking points are getting put out into the social media or wherever else such information is being propagated.

I think the institutional interest is enough to kick off the "supercycle".

I wish there was a way to know how many CFOs got a text from their board members this weekend about how Elon is doing them all such a big favor.  I imagine the OTC desks are going bonkers tomorrow.  in fact I imagine VIP customers are making deals tonight. The market may have already swallowed up the 19k TSLA sold, assuming I am right about this.  It will go down as a great short term move, but shortsighted.

I suppose I am a hopeless bull.  I just have a hard time seeing this pulback not getting snapped off pretty quickly.

CFO? Oh you mean "Master of Coin" must be awkward for him now https://www.bloomberg.com/news/articles/2021-03-15/musk-adds-technoking-of-tesla-title-cfo-is-master-of-coin-kmahgu33

[somac.]

Back In HODLsleep for a few more ...

I hope things look better on your return.

[ErisDiscordia]

So...Musk tweet is like the Silk Road bust of 2013?

OGs know what I'm talking about...

I like this analogy. I feel like reminiscing.

It's October 2013 and Bitcoin died again. This time from 266$ down to 50$ and now hovering around 100$.

There was a poster here in the WO who kept going on and on with the tired narrative of how Bitcoin has value only because of darknet markets like Silk Road. Paid troll? Deluded nocoiner? Trader spreading FUD? Who knows. But it was a common sentiment and not easily disproven at the time. What else could you buy with BTC? Alpaca socks, maybe a VPN, some gambling and some food in one of the perhaps dozen establishments around the world run by Bitcoiner owners. Without Silk Road, there was no point in having Bitcoin.

Then the news hits: Ross Ulbricht, the founder of Silk Road, has been arrested. Hundreds of thousands of BTC seized by the US gov. Instant flash crash in BTC price. Surely, this was going to be the end...

...except it wasn't. The price rebounded from its almost 40% crash - within 2-3 days it was hovering around the 100$ mark again. Just like that, the narrative of "Bitcoin has only value because of drugs" was relegated to the dustbin of history. Many more narratives would emerge to challenge Bitcoin over the years. It's too volatile. Governments will ban it. It's blockchain, not Bitcoin. But what about muh environment? What if daddy rich guy Musk doesn't like Bitcoin anymore? Many, many more - they tend to blend into incoherent noise after some time.

Within a few weeks of the Silk Road flash crash Bitcoin hit 1000$ and the world started going properly nuts over Bitcoin for the first time. It had proven its anti-fragility because that's what the Honey Badger does. We also know what it doesn't do: give a shit.

Daddy Elon will eventually learn as well. That all the money and narcissistic energy in the world won't help you control Bitcoin. And we will look back on the Elon dump as we do on the Silk Road crash. As the signal for having defeated yet another hostile narrative.

[Richy_T]

why ? Martha Stewart was a licensed broker with inside info in a regulated stock exchange that she was licensed to broker trades.

She also didn't go down for insider trading.

[dre1982]

Seriously this guy needs to stop tweeting



Can we close his twitter account if people start reporting.

I think he is doing the same at the moment with DOGE. Just making a hype of it and at the end he will dump all his DOGE and made huge profit.

[OutOfMemory]

What a nice weekend that was  

Who the fuck is Elon  
A core dev? A crypto dev? A clueless twatter clown?

This is Idiocracy all over again. Trump was a symptom, Musk is another symptom...
Can you, can i, can we change what is happening right now?
No.
So just sit back, relax and BTFD.
I bought the top, which will be topped again and again and again...

EDIT: Look, Mum! It's going up again!