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

[Richy_T]

Anyone of us can be guilty of thinking that we know more about a topic than we do, yet suggesting that bitcoiners have high susceptibility for dunning kruger does not seem fair.

I didn't mean to give that impression. I was more applying it to the nevercoiners who diss it after minimal attempt at understanding. Though this also applies to "blockchainers" who think the technology can be used in isolation from the token and to a large extent altcoiners (though those tend to fall into the "get rich quick" category). My listing of aspects of the technology is to show that we have something pretty deep going on here. People often criticize things they simply don't understand (like Musk and POW).

[ivomm]

...
https://twitter.com/CryptoWhale/status/1419647049729990657

@CryptoWhale is a scam twitter account. Again posting fake bearish "news" without a source. Clearly a shorter who is in agony. Deep, deep an@l agony rn  

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Investing.com
@Investingcom
🇺🇸EARNINGS THIS WEEK:

-APPLE
-MICROSOFT
-AMAZON
-GOOGLE
-FACEBOOK
-PINTEREST
-AMD
-SHOPIFY
-TESLA
-FORD
-MCDONALD’S
-STARBUCKS
-PFIZER
-BOEING
-CATERPILLAR
-UPS
-PAYPAL
-VISA
-MASTERCARD
-EXXON
-CHEVRON

👉 bit.ly/3eQRiAu
https://twitter.com/investingcom/status/1419288828456562695?s=21


How many of these will report that they bought bitcoin?

[AlcoHoDL]

The energy is there. The potential is there. Just one small push...

https://youtu.be/YXn08b5Illo

You know... we are a very ungrateful lot.

We act like the central banks are not on our side.  But they are the ones who have done all the hard work setting up the dominoes.  They stored all that potential energy for us.

Let us pause a moment in gratitude for the Central Banks.

Lol.  Hahahahaha.  Haaaa.  No... Really ... Fuck them.

Come to think of it, it's kind of like what's happening with CBs. Only a tiny tile (BTC) is enough to bring them all tumbling down, collapsing under their own weight, with Bitcoin harnessing that energy, amplifying it and returning it to the people. This reminds me of one of Saylor's talks. The greatest monetary energy transfer in the history of the world.

Fuck 'em, yes, but don't let them know about it.

[Raja_MBZ]

Though I don't hold any BTC, it's good to see it pumping. The leveraged shorters were getting so annoying.

I want BTC to range $25,000-$45,000 multiple times, hard and fast, to teach stupid gamblers some manners.

[ImThour]

I want BTC to range $25,000-$45,000 multiple times, hard and fast, to teach stupid gamblers some manners.

People without BTC don't ask BTC to do something. ETH might help you, cheers.

[ChartBuddy]

Explanation

[Farmer Bill]

Bad advice for hodlers (or patient traders) 

If they didn't bought at $29k, they don't deserve at $38k. That's what I meant.
Not sure how it's bad.

Any time is perfect time to buy bitcoin. Buy now thank me later (November - December 2021) 

I agree.

I used to agonize whether to buy at $68 $70 or wait for $64. Same again in the $300s
In the long term it makes no difference, just buy when you have spare fiat, it does not always coincide with a dip.
I just bought BTC 0.25 at $31.5k before the $32k window closed, I was wrong about the window closing that day so bought another BTC 0.25 at $29.6k. That's me out of fiat for months now.

BillyCoiner still waiting for $8k $10k $20k. Poor Billy Nocoiner.

[Elwar]

oh yah...and another 100 milly printing this morning


https://twitter.com/whale_alert/status/1419617834028703745

https://twitter.com/CryptoWhale/status/1419647049729990657

Reading through the lawsuit against Tether detailing its long history of moving money all over the place it reads like a series of moving money from one institution to the next as the institution grows uneasy with having Bitcoin money on its account. So they are constantly moving it all over the place until someone gets tired of them. Every second and third tier money transmitter starts blocking them, they're caught in an ancient system whose gatekeepers are trying to keep them out.

I would not be surprised that they don't have 100% reserves but their biggest problem is having a place to put the money. In the end, they will exhaust all resources. The best thing they could do is do a proof of burn. Where they literally have a neutral third party with cameras verify that they burn the dollars that come in (though illegal) and replace each one with a USDT.

[bitebits]

Investing.com
@Investingcom
🇺🇸EARNINGS THIS WEEK:

-APPLE
-MICROSOFT
-AMAZON
-GOOGLE
-FACEBOOK
-PINTEREST
-AMD
-SHOPIFY
-TESLA
-FORD
-MCDONALD’S
-STARBUCKS
-PFIZER
-BOEING
-CATERPILLAR
-UPS
-PAYPAL
-VISA
-MASTERCARD
-EXXON
-CHEVRON

👉 bit.ly/3eQRiAu
https://twitter.com/investingcom/status/1419288828456562695?s=21


How many of these will report that they bought bitcoin?

If Starbucks, we went from buying coffee with bitcoin to buying bitcoin with coffee.

[fr4nkthetank]

As seen on CNBC 20 minutes ago

"TETHER INVESTIGATED BY DOJ"
-....for bank fraud in like, 2014

hahahahahahaha obviously they committed bank fraud if that is defined by lying to the bank about the crypto aspect of their business, since no banks wanted to do anything with crypto then

I mean, we all have our reservations on tether (why anyone still uses tether in 2021 is a mystery to me vs alternatives)

But, god damn, someone got squeezed and is bleeding $$$, funny timing, dont you think?

[serveria.com]

So here we are standing at the gates of $40k again... 

[Raja_MBZ]

I want BTC to range $25,000-$45,000 multiple times, hard and fast, to teach stupid gamblers some manners.

People without BTC don't ask BTC to do something. ETH might help you, cheers.

...and just who created that rule out of thin air?

[bitebits]

https://twitter.com/CryptoWhale/status/1419647049729990657

https://tether.to/tether-responds-to-bloomberg-article/

Today, Bloomberg published an article based on unnamed sources and years-old allegations, patently designed to generate clicks. This article follows a pattern of repackaging stale claims as “news.” The continued efforts to discredit Tether will not change our determination to remain leaders in the community.

Tether routinely has open dialogue with law enforcement agencies, including the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability. We are proud of our role as industry leaders in promoting cooperation between industry and government authorities in the U.S. and around the world. We remain committed to our customers and the industry-leading technology and transparency that has led to our growth.

It is business as usual at Tether, and we remain focused on how to best serve the needs of our customers.

[ChartBuddy]

Explanation

[cAPSLOCK]

Though I don't hold any BTC, it's good to see it pumping. The leveraged shorters were getting so annoying.

I want BTC to range $25,000-$45,000 multiple times, hard and fast, to teach stupid gamblers some manners.

In my HUMBLE opinion being short bitcoin (which you are by holding assets (USD/GOLD/XXXX) other than it) is gambling.

Who learns a lesson if it powers through 25-45k seemingly not to look back?

What does one have to gain with a ZERO allocation to this kind of asset?

I know you have done quite well in your speculation.  I salute you there... I do not have the nerves to play those games.

[UnDerDoG81]

It will break anyway why the resistance. Give up bears. 45k by Friday.

[cAPSLOCK]

This is a BEAUTY of a bullflag.  It's already up so much, but I do not seeing it stay here for much longer.  



I say 70% chance breaks up which is possibly a run to ~44k (!!)
30% chance we Bart back down ~35.

Those numbers are conservative... I am adjusting for my bias since internally I am way better than 2:1 for.

[LFC_Bitcoin]

It will break anyway why the resistance. Give up bears. 45k by Friday.

They’re fighting hard at the moment. $40,000 seems a THING.