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

[Sukovsky]

Longs ready to get squeezed. Just like the shorts. And again no one is talking about it yet.

[Totscha]

Longs ready to get squeezed. Just like the shorts. And again no one is talking about it yet.

And ruin the surprise?

[Phil_S]

something's happening... something green... 

[Torque]

Longs ready to get squeezed. Just like the shorts. And again no one is talking about it yet.

Oh noes, a short squeeze instead.   

[Icygreen]

Didn't expect that 300+ candle. Always doin what's least expected.  Just bet on the impossible like McAfee and you'll do fine.

[Totscha]

Longs ready to get squeezed. Just like the shorts. And again no one is talking about it yet.

Oh noes, a short squeeze instead.   

Oh dear. A reverse Bart Simpson again...

We all know what happens next

[cAPSLOCK]

THIS is what happens next.

[Mister_Success]

It looks like most people here is over 40? Noone (no matter which age) that didn't start using computers until the nineties? And absolutely no millenials here?

Interesting if that were the case.

I'm 21 and feel much too young to be here 🤣

[jojo69]

didn't someone call an inverted bart this weekend?

[xhomerx10]

That's a boom.

[cAPSLOCK]

Bitcoin is going to reverse bart during the next week

What prescient wizardry is this I see before my eyes?

[greensheep]

Did the coincensus already start? 

[JimboToronto]

Good morning Bitcoinland from rain-soaked Puerto Morelos. Down on the coast for a day to visit with friends and buy a new wifi router, and a few other things that are unavailable in the jungle.

First internet access in almost a week and I see the decline from $9.95k continues, although it rebounded a little this morning... currently $8800USD/$11230CAD (Bitcoinaverage).

Why is it that the best buying dips always seem to happen when I have no access to buying?
_____

Got a couple more weeks before heading north before the real rainy season begins. Busy preparing for the rains by replacing the roof and fixing the stucco on the walls of the house I bought in January.

I also have to plant a couple of rows of guano palms along the road frontage of my second property (which I bought last week) before the rains come. They should be well-watered and established by the time I come back down in November and will make an excellent privacy "hedge" as well as a fine source of roofing thatch.

[bitserve]

Good morning Bitcoinland from rain-soaked Puerto Morelos. Down on the coast for a day to visit with friends and buy a new wifi router, and a few other things that are unavailable in the jungle.

First internet access in almost a week and I see the decline from $9.95k continues, although it rebounded a little this morning... currently $8800USD/$11230CAD (Bitcoinaverage).

Why is it that the best buying dips always seem to happen when I have no access to buying?
_____

Got a couple more weeks before heading north before the real rainy season begins. Busy preparing for the rains by replacing the roof and fixing the stucco on the walls of the house I bought in January.

I also have to plant a couple of rows of guano palms along the road frontage of my second property (which I bought last week) before the rains come. They should be well-watered and established by the time I come back down in November and will make an excellent privacy "hedge" as well as a fine source of roofing thatch.

Good morning Jimbo.

How much for those properties if you don't mind to tell? Just curious...

[Paashaas]

Did the coincensus already start? 

Yep, and it has started with the most remarkable moment in Bitcoin so far.

--Bankers know the revolution is coming--

[Agapios]

Good morning Bitcoinland from rain-soaked Puerto Morelos. Down on the coast for a day to visit with friends and buy a new wifi router, and a few other things that are unavailable in the jungle.

First internet access in almost a week and I see the decline from $9.95k continues, although it rebounded a little this morning... currently $8800USD/$11230CAD (Bitcoinaverage).

Why is it that the best buying dips always seem to happen when I have no access to buying?
_____

Got a couple more weeks before heading north before the real rainy season begins. Busy preparing for the rains by replacing the roof and fixing the stucco on the walls of the house I bought in January.

I also have to plant a couple of rows of guano palms along the road frontage of my second property (which I bought last week) before the rains come. They should be well-watered and established by the time I come back down in November and will make an excellent privacy "hedge" as well as a fine source of roofing thatch.

So i guess you are not a holder ?

[Lontonbit]

I love you Bart

[JimboToronto]

Good morning Jimbo.

How much for those properties if you don't mind to tell? Just curious...

The first one was a 60% stake in a 50 meter x 50 meter property including the main house, cookhouse, composting outhouse and 2 wells, one dug and one drilled. There is an additional smaller house that the original owner moved into. It has 110v electricity, intermittent town water and is just barely within town limits of a village of less than 1000 people on a gravel road. It cost me about $15kCAD, one third debt repayment, one third cash, and one third Bitcoin.

The other is a raw jungle lot with 30 meters frontage on an unnamed mud road, 15 meters deep. It is currently unserviced but I should have water by next fall and hopefully power within the year once it has electricity it will be within town limits. Both my neighbors have already offered to buy the property from me. It cost me $3.1kCAD cash.

[Harlot]

Well that was a big squeeze a 400$ increase in just 15 minutes shows signs of Bitcoin's strength and its bulls are showing that they are no pushover when it comes to price action. 9,000$- 9,200$ is the next target if we have stayed above 8,800 to confirm that we broke it. The bull flag is looking good and reaching that target has a high chance because of the increasing volume as well.  If the RSI on the daily trend will hit double bottom in 40 this will confirm BTC is going on the bullish side.

[STT]

Something to do with lambos and a conference is a reason for a rise.   Not sure how Lambo adds up to anything more the doge meme but this article was funny

Federal Reserve Bank of St. Louis President James Bullard and FedEx Corp. CEO Frederick Smith, who said blockchain technology “could be the next big disruption.”

Bullard did throw some cold water on the festivities, noting that “cryptocurrencies are creating drift toward a non-uniform currency in the U.S., a state of affairs that has existed historically but was disliked and eventually replaced.”

https://www.bloomberg.com/news/articles/2018-05-14/bitcoin-climbs-from-three-week-low-as-lambos-take-manhattan


So he is arguing against competitive currency valuation or the status of the USA economy before Federal reserve arrived and saw 90% of dollar value lost.    Every so slightly self biased in his observation possibly.

drift toward a non-uniform currency

If something is continually failing, a drift or occurrence of alternatives is a very healthy response by the economy to avoid that failure.  If the devaluation benefits some it does not benefit the millions who start life with nothing but their own labour and payment for that labour.