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

[Raja_MBZ]

23:56:08 3588.2 1520.60

Buy order at Bitfinex  

Happened like minutes after I told to myself that BTC would go down for the night.

Actually, orders like these appear and disappear mostly in few seconds when their turn comes up.

These days, I'm not trusting the administration of exchanges with buy/sell orders. They can easily create fake orders.

[Last of the V8s]

[Torque]

Fully collateralized derivatives. I was pretty sure the first ones to get a green light must be of this kind.

So is this October the 4th? I didn't understand the no sooner than bit...

Is this what it means? 4th?

I think that's market speak for "Hey big investors, back the fk off. We're not onboarding you early and before everyone else on our list, no matter how much money you want to throw at us. We're gonna do this in an orderly fashion. Plus we can't until Oct. the 4th anyway."  

At least that is my interpretation.

Makes lots of sense.

CDS are a kind of shorts already. This brings the WS casino to BTC, I wonder if we must be happy with this... .

I think the wording reported by Torque implies that in order to short, you need to match your order with a long. Zero-sum.

This opens the door to ETF and to all kinds of Wall Street madness. This is going to be huge.

Looks like they're fueling the rockets right now...

https://twitter.com/kanzure/status/911215434439028736

[BlindMayorBitcorn]

As always, what people say on this forum is very far from reality and everyone is only speaking out of self interest. People screaming "HODL" from the bottom of their lungs and newbies listen. I held through the 2014 disaster and I have been beating myself up for it ever since.

This time I sodl and thank fuck for that. Rebought again at 3,4k which netted me 5 bitcoins. Had I held my coins and bought 5 coins it would have cost me $17,5k.

I don't think we are done though and I'm a little afraid of a bear market like 2015 so this time the coins will be hanging very loose.

You really are a money maker. Wish I sodl at the top.

[JayJuanGee]

[edited out]

Nah, didn't mean to induce anyone. As I've said originally, "I'm just wondering how deep that green/red candle would be"
As anyone can clearly see from my 'wordings', I'm not favoring any direction here, so there's no point of inducing.

Thank you for sharing your strategy though 

I reread your posts, and I will concede that I could have been getting overexcited in my inducement allegations..   It is true that you did question the depth of the red/green - so you were not pushing in one direction or another..  ...

One more point regarding depth of any further price movement, I will agree with your implication that there remains a possibility that we could witness depth.  Accordingly, my assessment is that trade volume has been relatively high in the past few weeks, and if one side or the other runs out of coins or fiat, then that could cause some violent price movement.. surely, there is no "given" when it comes to the extensiveness of price movements; however, when we are experiencing considerable trade volume for a couple of weeks, there are increased chances that it would not simmer down without a bit of drama... .. and gosh, either direction does still seem plausible.. even as soon as over this weekend -

[Meuh6879]

I cannot promise because you guys are a tough audience.  You fucks!!!!   

[Last of the V8s]

This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.

https://www.reddit.com/user/crayon_smell

[JayJuanGee]

That wall on bitfinex looks like Mount Everest

Do you mean the wall of 2,029BTC for sale at $3650?    That's a little over $7million.    Do you think that it will get eaten or pulled?  Or do you think that it is going to cause the price to go down?

Sometimes those kinds of walls are reverse indicators, but I agree that 2k coins at these prices does add up to a lot of value.

2000 coins? JJG......are you selling your hoard?

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins.... but maybe it is possible that I would still be hanging out here?  Never say never.

Now you got me fantasizing, RJC,... see what you did?

There are probably several folks in this thread with more than 10 coins.. but I know that some folks here have even struggled to accumulate and to hang onto 10 coins.... so yeah, what would be a realistic threshold in something like 5 years?  Could we realistically consider that 10 coins would be enough to put HODLers into millionaire status in terms of their coins in 5 years? 

Currently I am thinking that kind of a price is possible (that is about a 28x increase from this price point), but surely we have BTC price forces pushing in both directions.

Can we shoot for $100k value coins for 2022/2023, please? 


And, then if we reach $100k value in coins by 2022/2023, then how many folks here are going to sell too many of their coins along the way UP? 

So, o.k.... Maybe guys (and gal) here need to have close to 20 coins now, in order to maintain 10 coins by the time BTC prices reach $100k in 2022/2023?   

Are we good with that?  Does such a price rise seem somewhat plausible and realistic under current conditions and current foundational principles?  Maybe 20% or so odds of such a price point in such a timeline?

[spiderbrain]

This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.

https://www.reddit.com/user/crayon_smell

That is just lovely!

[Elwar]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm not sure what you mean by that ?

I'm sure there at least a few folks with at least 2k coins posting in this thread...

Even retired living on a catamaran in Tahiti I would check in on this thread. I find that between all of the arguments and general banter there is a good sense of what is going on in the Bitcoin world here from many different perspectives. Especially with regard to large price movements. It may not be the most accurate but it beats searching the Internet trying to see if people are reacting to one single thing or what is going on.

The rest of the forum is shit due to signature campaigns. Reddit is comparable as the shitty threads can be downvoted. I tried following #bitcoin on twitter and it's just filled with ads.

[LewisPirenne]

I am pretty sure several people in this thread have at least hundreds of coins, a few may even have thousands.  It is simply quite obvious from their tone, strategy, plus their view and what they are currently doing.  

Some of us are waiting for the polarized outcome, i.e. "When you're ready... you won't have to" or to the very bitter end.

[gembitz]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm not sure what you mean by that ?

I'm sure there at least a few folks with at least 2k coins posting in this thread...

Even retired living on a catamaran in Tahiti I would check in on this thread. I find that between all of the arguments and general banter there is a good sense of what is going on in the Bitcoin world here from many different perspectives. Especially with regard to large price movements. It may not be the most accurate but it beats searching the Internet trying to see if people are reacting to one single thing or what is going on.

The rest of the forum is shit due to signature campaigns. Reddit is comparable as the shitty threads can be downvoted. I tried following #bitcoin on twitter and it's just filled with ads.

rolling the waves with a wind-powered asic miner no doubt weee

[jojo69]

This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.
img snip
https://www.reddit.com/user/crayon_smell

oh my goodness

the Guy Fawkes masks on his saddle blanket...   ...   ...

OK, that is going to be wallpaper on the linux 4:3 rig

[JayJuanGee]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm not sure what you mean by that ?

I'm sure there are a few folks with at least 2k coins posting in this thread...

EDIT: Grammar.

My post was merely exaggerating to make a point that I don't possess anywhere near 2k coins.  

I am not trying to ascribe what I believe other WO thread participants should or should not choose to do, even if they happen to have some quantity of coins approaching 2k.

Edit:  after reading Elwar's post (above), I am likely in agreement with him that this particular thread does continue to serve as a fairly decent bellweather, so any of us participating (or at least reading) this thread does seem to have such an advantage.

[gembitz]

This artwork depicts the spirit of Satoshi Nakamoto riding his epic honey badger mount. With no fucks left to give, they hurdle over the moon carrying trophies of the world's vanquished fiat currencies.
img snip
https://www.reddit.com/user/crayon_smell

oh my goodness

the Guy Fawkes masks on his saddle blanket...   ...   ...

OK, that is going to be wallpaper on the linux 4:3 rig

September 30th-October 4th....rrr November 5th    #expect_us

[JayJuanGee]

I probably would not be hanging out with you guys, here in these threads, if I were to have anything approaching 2k in coins...

I'm not sure what you mean by that ?
I'm sure there are a few folks with at least 2k coins posting in this thread...
EDIT: Grammar.

I was merely exaggerating to make a point to asserting that I don't have anywhere near 2k coins.   I am not trying to ascribe what I believe others should or not choose to do.

... but the implication you seem to have made is that people that are BTC-rich, are too self-important or detached to participate-in/observe this thread.

No ?

O.k... I concede that my remarks may have caused that kind of implication, but I still assert that I was engaged in a kind of exaggeration (which is more or less a joke)... so anyone who happens to be bitcoin rich should consider my remarks as form of flattery rather than any kind of insult....

By the way, anyone who gets in the territory of possessing 2k coins or more, with these prices, is truly in a position of privilege, luck, and/or power.  As we know money buys power, and when you have power, you sometimes might get criticized for  having such power, but that does not mean that you did not earn it or that you were not lucky... but sometimes you become a target of jokes (sure you are not filthy rich, but you are in a good position). 

Another point that I made is that in the future a person of much fewer coins (maybe as few as maintaining 10 coins) might start to fit into a similar privileged category, even though s/he may not have started from such privilege.

Many of us involved in bitcoin are lucky to know about bitcoin and to be involved in bitcoin... cross your finger boys and girl.   

[Chef Ramsay]

https://twitter.com/BitfuryGeorge/status/911408449782771712

[conspirosphere.tk]

in the last few months btc bounced up from the EMA100 two times already. Another one seems likely in case we touch it.



edit: good TA here:
https://bravenewcoin.com/news/bitcoin-price-analysis-block-size-and-fee-debate-fade/

The Bitcoin market continues to recover from the shock of a large pullback. The long standing bull trend remains strongly intact. Ichimoku Cloud, Pitchforks, and EMAs all support this notion.

[drbrockcoin]

Financial freedom has always been a political issue.

But the game has changed - the question has been chrystalised. And unless the answer can be sufficiently succinct then the argument will be lost.

Only need a few 'bad apples' (ie. govt.s with more to gain from BTC (and the financial emancipation of its citizens) than they have to lose) and the whole house of cards could well come crashing down.

US is looking good to me. China is moving towards dumping USD as reserve currency + US has a long ideological history of freedom of individual etc.

But more likely it will take route, on a national scale, in smaller countries first and foremost.

Having said that, Japan is looking good too.

Give me a break dude. Your American I guess? Cant blame you the propaganda is strong there 

[ragnar0k]

Financial freedom has always been a political issue.

But the game has changed - the question has been chrystalised. And unless the answer can be sufficiently succinct then the argument will be lost.

Only need a few 'bad apples' (ie. govt.s with more to gain from BTC (and the financial emancipation of its citizens) than they have to lose) and the whole house of cards could well come crashing down.

US is looking good to me. China is moving towards dumping USD as reserve currency + US has a long ideological history of freedom of individual etc.

But more likely it will take route, on a national scale, in smaller countries first and foremost.

Having said that, Japan is looking good too.

Give me a break dude. Your American I guess? Cant blame you the propaganda is strong there 

Meh. They already failed trying to jail people for pirating music/movies and at least they had a valid reason there (copyright). I wonder how they can crack down bitcoin holders... Are they sending people to jail with rapists for owning a handful of bits? No wonder china is not banning bitcoin, its a legal headache