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

[KyleSpades]

And down again.

The wall to 10k is too strong atm.

And it was 1.4k BTC a few moments ago...

There's a 111 sell order, it's insane

[1713516623]

1713516623

[coinlocket$]

TRUE STORY

[Elwar]

10000.gif^H^H^H^H^H^H^H^H^H

[LastJedi]

It did break $10,000 twice. One early morning at 2 am and then at 7 am here. First one was stronger at $10,020. Then the last one at $10,011.
I am going by my sell orders on binance.

It is so close hovering at $9,955 since then.

Soooo very close!

[bitcoinPsycho]

im rounding up

[Torque]

And that slob wonders why he had a massive heart attack recently. Seriously.

Also he's a shit director that gets WAY more credit than he deserves.

[realr0ach]

We are simply sidestepping the FED. Let them have their imaginary money. We don't need to tear it down. We just need to continue to advocate this alternative money.

A designed to centralize, non-fungible, permissioned ledger is not even close to money.  It is the opposite of money - a tracking and control grid, not something to facilitate a free market or any type of freedom in general.  The only type of system bitcoin can facilitate is a police state where every transaction is monitored, blacklists are deployed, and the state is empowered even more so than now.  If you support shitcoins over physical metals, you support empowering the state, period.

Imaginary tokens are not a store of value, nor are they a real commodity, which is required to be a commodity currency, being a real commodity in the first place, nor do they have any fundamentals or characteristics of money in comparison to physical silver or gold.  You are a liar who is shilling for a pump and dump you bought into for self interest is the only real truth.  Some people call this "cognitive dissonance", which is the polite way of saying someone is full of shit.

[Elwar]

And that slob wonders why he had a massive heart attack recently. Seriously.

Also he's a shit director that gets WAY more credit than he deserves.

But...long fast dialogues about the state of humanity right now...

and Star Wars references...

[realr0ach]

I just share my predictions with a strong bull energy. We need to spread the bull energy to make the bitcoin up more strong.

^This guy's quote shows the true nature of shitcoins.  Value is not derived from fundamentals because designed to centralize, non-fungible, imaginary tokens have no fundamentals, but from conmen trying to trick other people into using them.  A real commodity currency like silver does not require conmen trying to trick people into buying them to prevent the value from collapsing to zero.  A real commodity already has value without being used as money, then people adopt it for monetary usage afterwards.  

If there's no underlying value as a commodity without being utilized as money, it's basically just a flat out scam where any type of imaginary 'widgets' can be swapped in by nefarious actors to replace them and defraud people - a lack of Schelling point in other words.  This phenomenon is evident in shitcoins where you started out with only bitcoin and then millions of so-called "altcoins" popped up.  None of them are real or valid commodities, all are based on artificial scarcity, and there is no valid Schelling point for anyone to use one over the other when all are just based on arbitrary bullshit and magic numbers people conjured up.

The word "altcoin" was put out by the bitcoin powers that be as a propaganda word to try and combat the fact bitcoin is a fake commodity with no valid Schelling point.  They were trying to paper over and hide problems like this, pretending like people are committing some type of sin by not buying into their pyramid scheme and creating your own pyramid scheme instead.  Things like physical silver do not have this problem because random idiots in their basement can't create a new silver.  It requires the power of the gods themselves -  two neutron stars colliding - to do that.

[afbitcoins]

We are simply sidestepping the FED. Let them have their imaginary money. We don't need to tear it down. We just need to continue to advocate this alternative money.

A designed to centralize, non-fungible, permissioned ledger is not even close to money.  It is the opposite of money - a tracking and control grid, not something to facilitate a free market or any type of freedom in general.  The only type of system bitcoin can facilitate is a police state where every transaction is monitored, blacklists are deployed, and the state is empowered even more so than now.  If you support shitcoins over physical metals, you support empowering the state, period.

Imaginary tokens are not a store of value, nor are they a real commodity, which is required to be a commodity currency, being a real commodity in the first place, nor do they have any fundamentals or characteristics of money in comparison to physical silver or gold.  You are a liar who is shilling for a pump and dump you bought into for self interest is the only real truth.  Some people call this "cognitive dissonance", which is the polite way of saying someone is full of shit.

If nothing else it IS creating awareness that money can be something other than fiat govt/bank issued debt! Genie is out the bottle. Maybe one day you'll be right and it will lead to physical silver bullion. Or maybe crypto will manage to do the job. It is Open Source. ie free to modify. free to improve. for the people. If bankers where behind it I don't think they would like the fact they don't have a QE print button.

[RejectedBanana]

The psychological barrier at 10k/200EMA is causing the popular alt ratios to stretch...

When that resistance is broken, will they rebound and propel Bitcoin even higher?

HODL on to your feathers!

[coinlocket$]

What do you think about the bicoin cash fork? Will bitcoin increase over 10k in value for the potential flipping?

[jbreher]

Gantz.

Gantts:

[mike4001]

Well I guess unless the whales are pulling their sellwalls where is no way we are getting to 10k.

There are 100/200 BTC sell orders everywhere.

[Raja_MBZ]

It's such a disgrace to crypto that one of the top 4 coins (by market-cap) is "BitCoin Cash", I mean, think over it. Coin and Cash, both at once? I've to give credit to Ripple & Ethereum on this one, at least they chose the good names. "Coin" and "Cash", both being used at once just do not make any sense at all. It shows the unprofessional approach from the very start of those who forked bitcoin for bitcoin trash.

[Toxic2040]

Good morning Bitcoin.

Future looks so bright I gotta wear shades. 

Big stacks of cash keep flowing in and surprise..it's Wall Streets advice to not buy now...hrmm. All I hear is hodl on a little bit longer guys..still trying to fill our bags. 
https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

The price is consolidating at a .236 fib level and I am seeing a possible small dip to gather up some liquidity in about 4 hours before testing $10k+.


Looking farther down the road, I am seeing a nice parabola taking us up towards the rim of a larger cup and handle. Seeing nice corrective consolidation points along the way indicates strength imho.

#dyor

[jbreher]

I don't know if anybody noticed how the MSM are behaving lately, read below
https://www.cnbc.com/2018/05/04/bitcoin-is-rallying--and-can-no-longer-be-dismissed-brian-kelly.html

Interesting takeaways:
- The individual FED banks are speaking of Bitcoin and its valuation being determined in essentially the same manner as the valuation of fiat.
- FEDs acknowledge that there is a place for cryptocurrencies.
- FEDs acknowledge the cryptocurrencies are legitimately currencies. (curious)
- The Vampire Squid (Goldman Sachs) is the leading institutional player in crypto.
- - editorialization: While the arrival of the Vampire Squid is distasteful, we know that Bitcoin is meant to be permissionless -- i.e., we knew this day would come -- and it is actually a good thing, being a necessary consequence of continued adoption. As long as we who believe in uncorruptable money of the people continue to hodl fast, then we -- not they -- control our monetary destiny.

[afbitcoins]

Stats provided by NOAA part of the US govt.

So? NASA is funded by US govt too. Yet they manage to land a few rovers of Mars.

Can't do that with crappy science.

There are interesting theories going around about NASA

For example you could fake it, say in greenland, add a red tint to the 'mars' photos. And keep the rest of the budget for other purposes, know what I mean   You know like with the moon landings.

Yeah those moon landings were all faked.
The earth is flat.
There’s a space alien being kept at Area 51 and the government is keeping it secret.
There’s a bunch of You Tube vids about it so it must be true.

And there’s a big invisible sky fairy too....

Sky fairy? Oh I see   yeah good one. Did he touch you with his noodly appendage? Nothing to see here or on youtube, get it from the classroom and your television. Its alright don't worry.

You see everything came from nothing quite by a complete accident, long ago, 20 billion years. Because redshift of galaxies..  But lets ignore distant massively high redshifted quasers that look to be linked to nearby galaxies though. As that doesn't fit with the  reality of the computer models. Yes computer models. Who needs experiments that can be repeated and verified when you can prove everything on your computer by tweaking the parameters and adding a new constant here or there. You might also even show that we need carbon tax right here on earth. Hey lets throw some, black matter and black holes that we invented on a blackboard with chalk into it too. In fact fuck it lets have eleven dimensions. And the whole universe was once smaller than an atom. Jeez who'd have thought it. Makes you think. Did Nasa land man on the moon, or make the whole fucking thing up? All these questions.

If you are a good boy maybe you can watch some star wars later on.

[realr0ach]

Big stacks of cash keep flowing in and surprise..it's Wall Streets advice to not buy now...hrmm.

On the runup to $20k, Goldman Sachs was actually telling people to buy, so that's not really a reverse indicator.  You can go back and find their elliott wave chartist posts on Zerohedge.  Obviously they wanted people to buy because entities like Goldman Sachs hold more of these imaginary shitcoins than anyone.  Goldman Sachs bought most of the Ethereum premine for instance, which is the only reason the price went that high - them pump and dumping it. They likely still hold tons of it, which is they only reason it hasn't collapsed, them propping it up.

[jbreher]

Now Btc $98xx, when its $6xxx-7xxx I thought its a joke. So I didn’t buy any, now its hitting 10k soon. What should I do ?

Buy. Duh.

OK, too terse - sorry.

When asking yourself 'when should I take this money, and invest it in Bitcoin?', the answer is always 'today'. True, it may go down tomorrow. We don't know whether it will increase or decrease in the near term. What we do know, is that in the medium term, it will increase, and in the long term, it will increase spectacularly. You're looking at an investment that routinely does 10x a year. Don't risk missing the boat - and don't risk being able to buy only half as much Bitcoin, because you were waiting to BTFD (buy the f'ing dip). Today. Now.