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

[ChartBuddy]

Explanation

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[LFC_Bitcoin]

I think what you actually buy when you use a Bitcoin ATM is anonymity (although, sadly, that's likely to change in the near future). For some, it's worth the high premium. And for a HoDLer who has had a 1,000+% investment value appreciation, why would he/she care if the ATM charges a 10% premium while giving you full anonymity? It's like comparing a BTC price of $100,000 vs. $90,000. No biggie.

I’ve been looking & I don’t think there are any totally anonymous bitcoin ATM’s in the UK. They all require some form of KYC.
I totally agree that if you can find a 100% anon one then the 10% fee, whatever, it’s better than the capital gains tax most of us pay.

[Dabs]

I think what you actually buy when you use a Bitcoin ATM is anonymity (although, sadly, that's likely to change in the near future). For some, it's worth the high premium. And for a HoDLer who has had a 1,000+% investment value appreciation, why would he/she care if the ATM charges a 10% premium while giving you full anonymity? It's like comparing a BTC price of $100,000 vs. $90,000. No biggie.

I’ve been looking & I don’t think there are any totally anonymous bitcoin ATM’s in the UK. They all require some form of KYC.
I totally agree that if you can find a 100% anon one then the 10% fee, whatever, it’s better than the capital gains tax most of us pay.

You can probably buy and sell some semi-anon using p2p; only the person you are trading with may possibly keep records and most people in this gray market don't bother. In my opinion, it may not be completely worth it buying from an ATM anyway.

I happen to have exchange accounts in different countries, so I tend to buy some from here, move to there, cash out there, withdraw back here, there would be a bank record but it comes out as cash, and for the relatively small amounts that I do, it gets mixed in with some other transactions that are much larger and connected to another business, so, I think as far as I am concerned, while not completely anonymous, we've got it covered.

[ChartBuddy]

Explanation

[tersek]

Ain’t that the truth.

@HuobiSg
What people see vs what people don't see 👀

https://twitter.com/huobisg/status/1418518754955341831?s=21

since becoming a BTC hodler my sleep has not been good, maybe I'm still in the process of becoming a strong hand

[LoyceV]

since becoming a BTC hodler my sleep has not been good, maybe I'm still in the process of becoming a strong hand

(source)

[JayJuanGee]

I think what you actually buy when you use a Bitcoin ATM is anonymity (although, sadly, that's likely to change in the near future). For some, it's worth the high premium. And for a HoDLer who has had a 1,000+% investment value appreciation, why would he/she care if the ATM charges a 10% premium while giving you full anonymity? It's like comparing a BTC price of $100,000 vs. $90,000. No biggie.

I’ve been looking & I don’t think there are any totally anonymous bitcoin ATM’s in the UK. They all require some form of KYC.
I totally agree that if you can find a 100% anon one then the 10% fee, whatever, it’s better than the capital gains tax most of us pay.

Merely putting in a phone number could be considered sufficiently anonymous, no?  I think that would be for authentication of transaction purposes, and sure technically, they might not even need to do that level of identification... because if you are buying BTC, you would give cash, so should be pretty immediate to receive the BTC, but if you are selling BTC, there may well need to be a couple of confirmations minimum that venders are going to prefer.  I remember when I used to buy BTC with strangers, I tended to be o.k. with one confirmation.. but I would NOT give over any cash without at least one, and I never felt any necessity to have to receive more than one  - but I suppose if there is some kind of contention going on such as in August 2017 with the hard fork issues.. or maybe if there might be some other possible attack that might be attempted--- for example if there were an actual 51% attack that might be going on through Chinese miners, then maybe a few confirmations would be the better practice in those kinds of circumstances.

At some point, competition should bring down those fees - even 5% to 10% seems excessive, absent some kind of great market volatility.... Would be nice if there were some systems like local bitcoins or even ways that buyers/sellers can get directly in contact with each other to do in person transactions in cash.. but when I used to use local bitcoins, my lowest fee would usually be 5%, and there were times that I had gotten up to 12% when it seemed that many of the other buyer/sellers disappeared in 2017/2018 for a few months... and then I had to disappear after a while too because I was like one of the only ones left in my area.. and I just felt like it was too risky for me to be dealing with so many seeming crazies (during that time).. and I could not really bring myself to charge more than 12% or so (maybe I did a wee bit higher on one or two transactions, but it was not comfortable for me)... so I just stopped dealing with strangers (and only did buy/sells with prior customers) and continued transacting with strangers after the market settled down.. maybe it was about a 6 week break in December 2017/January 2018.. maybe also partly my concerns of the ongoing spam attack at that time too.. and then fees were so high on the network as well and I had already had some transactions that were stuck for a decently long time too during that time.

Ain’t that the truth.

@HuobiSg
What people see vs what people don't see 👀

https://twitter.com/huobisg/status/1418518754955341831?s=21

since becoming a BTC hodler my sleep has not been good, maybe I'm still in the process of becoming a strong hand

Perhaps.. Even becoming a strong hand or otherwise not doing really stupid shit that causes you to devolve into fantasy land is not a given.. There are some members who seemed to have been developing strong hand techniques and then they just panic or go into some other la la land dumb shit, so for sure no real guarantees.

I am also kind of thinking that it takes years to become a strong hand.. perhaps at least a full cycle, and maybe even a couple of cycles depending on your circumstances, of course.

[ChartBuddy]

Explanation

[philipma1957]

steady diff of + 1.4239%  and steady price of 32,300 means miners are whaling still bull for any paid off BTC miner .


144 or 146 blocks a day at 6.3 = say 920 coins for miners daily.  if they are mining at 50 watts a th and 5 cents lots of profit for them.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Tyler Winklevoss
@tyler
BTC is a rebel with a cause
https://twitter.com/tyler/status/1418673448893784066?s=21


@ashwsbreal
Elon accepting #Bitcoin  again for Tesla.

Miners leaving China and will eventually mine bitcoin somewhere else.

JP Morgan , Bank of America loves crypto now. ( in it for the tech )  

1 Year ago today Bitcoin was $9500 , today it’s at $32,000

Fundamentals are Bullish.
https://twitter.com/ashwsbreal/status/1418656387924639750?s=21


@michaelgmcquaid
$TSLA earnings on Monday.  Conference call could be an announcement time for Tesla to start accepting #bitcoin  again.  @elonmusk
https://twitter.com/michaelgmcquaid/status/1418673209575022596?s=21


@ashwsbreal
#Bitcoin  to 100k is imminent. Fuck the bears
https://twitter.com/ashwsbreal/status/1418623472842985478?s=21



I have a feeling this weekend is going to be good for bitcoin.

NFA

Night boys!

[ChartBuddy]

Explanation

[cAPSLOCK]

God, ripple army is flooding my mentions on Twixter now... good grief.  This is horrible... I suppose I have to wield the banhammer.

[marcus_of_augustus]

... got that feeling again when we leave familiar numbers behind that we will never see again, like old gilfriends, $2 only a faded memory now but I know I went there, $32, $100, $300 was way too familiar thank god she's gone now, $1000 was friendly and fun but didn't stick around long, $9000 was just a total bitch who kept coming back for more, $20k popped in and out twice but didn't stay much ... $32k what will you do, you have one foot out the door?

[bitcoinPsycho]

$34000 in one hour 

[LFC_Bitcoin]

Popping in before sleep to cheer lead…..

PAMP EET

[ChartBuddy]

Explanation

[xhomerx10]

Who has an extra tin-foil hat lying around?  I need it.

Can I get a hat with laser eyes? I'll trade you some tin foil... (but these days, they use aluminum, not tin.)

 Deal!  Aluminum will be fine



edit: added one with tiny laser eyes for the faceless Dabs.

[aesma]

Nice green dildo to start the week-end !

[UnDerDoG81]

Traders Influencers wrecked by bringing the price sub 30k. They still preaching 18k   let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of  Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

The Stock to Flow (S/F) Deflection is the ratio between the current Bitcoin price and the S/F model. If deflection is ≥ 1 it means that Bitcoin is overvalued according to the S/F model, otherwise undervalued.