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

[Majormax]

Crypto, on the other hand is liquid in electronic markets. A far higher portion of the coin supply is traded in the sense of possession remaining with ownership. This puts cash-settled markets at a disadvantage because they are "outside the loop"in a way that they aren't with gold.



How is this Possible ?
It basically comes down to the feature widely known as "public-private key cryptology". If we superimpose the model of bitcoin on gold, both public and private keys are co-incident. That means we need custodial services because gold hodlers cannot allow the metal to leave their posession and still retain control over it.

With public-private key cryptology, a cryptographic asset can be allowed to sit "out there" while retaining mobility, resistance to counterfeit and be under the control of the owner. That is the huge advantage in value that Bitcoin has as a monetary asset over precious metals. It's also the property that gives it far greater resistance to the kind of manipulation from derivatives markets that we see in PM'S.

This is the key to the attractiveness of digital currency.  The downside is that an owner has to take responsibility for their own security.

With a custodial service, there is an insurance/assurance that the registered owner cannot have the asset stolen, without compensation from the custodian. Disenfranchisement can only come from the contract terms, or failure of the custodian.

[El duderino_]

Just so we all have our math clear, $100 down to $10 then back up to $100 is -90% followed by +900%. 

good view hairy.... good math 

[El duderino_]

just read this funny post .... a guy said time to buy the fucking dip!!

repeatedly saying this while contnuously smashing my head against the wall .......

haha i think many actualy telling and posting to BTFD's etc but really don't act themselves (just posting to get a good feeling or something)
  .  some of the post are hilarious

[withlove99]

Scenario for a positive trend, early October. Specifically 03/10 - 05/10 set the peak $9000/1BTC

This scenario is feasible when BTC passes $7200 and has a stable btc around $5800 - $6000

What is the opinion of people?

This is a chart I have identify over a month ago, and now is in the middle of September. Current BTC price is above $6000
So this prediction could happen in October next?
Everyone please give your opinion?

[Totscha]

EOS is on the edge
placed right on the bottom trendline + H&S

[El duderino_]

GOOD POINT



AND @ THE MEANTIME

[xhomerx10]

Scenario for a positive trend, early October. Specifically 03/10 - 05/10 set the peak $9000/1BTC

This scenario is feasible when BTC passes $7200 and has a stable btc around $5800 - $6000

What is the opinion of people?

This is a chart I have identify over a month ago, and now is in the middle of September. Current BTC price is above $6000
So this prediction could happen in October next?
Everyone please give your opinion?

 I don't know why they call it the bat/butterfly/crab; I only ever see bikini tops.

[El duderino_]

12288 getting shorter and shorter

08/09/2018 xhomerx10
09/09/2018 vapourminer
11/09/2018 Dakustaking76
20/09/2018 Digigami
22/09/2018 Agapios
26/09/2018 itod
30/09/2018 DeathAngel
12/10/2018 IntroVert
15/10/2018 explorer
18/10/2018 Searing
26/10/2018 kurious
09/11/2018 fabiorem
15/11/2018 bitserve
20/11/2018 Globb0
22/11/2018 Last of the V8s
01/12/2018 Alexander_Z
07/03/2019 CoinCube
15/04/2019 Spaceman_Spiff_Original
20/06/2019 bitebits
13/12/2019 nikauforest
10/04/2020 yefi
05/09/2020 samson   
23/06/2021 fortune143             

this list getting REKT as well pffff time to get some action 

and another one bites the dust who's the favorite on this one ??        really don't know where i would think the winner stands in here maybe bitserve, globbo, V8 range.... don't let it be yefi or samson or fortune143 for the SMALL 12k price to hit  what a boring time would that be

[Torque]

With public-private key cryptology, a cryptographic asset can be allowed to sit "out there" while retaining mobility, resistance to counterfeit and still be under the control of the owner. Public and private keys are decoupled. That is the huge advantage in value that Bitcoin has as a monetary asset over precious metals. It's also the property that gives it far greater resistance to the kind of manipulation from derivatives markets that we see in PM'S.

Agreed, and I think this feature of Bitcoin is why it is both admired and loathed by Wall Street.

1. Admired for precisely the reason that you described, as some welcome such an asset to be non-gamable or game-resistant unlike the derivatives markets (e.g., fake futures contracts, wash trades with non-existent shares, phantom "shares", rehypothecation of shares, HFT, etc.)

2. Loathed for all the same reasons. The SEC can't control all of the crypto exchanges and their behavior. Wall Street cannot game the system like they have with equities and commodities. I believe that this is precisely the reason that the SEC is dragging their feet on approving Bitcoin ETFs. It has nothing to do with "protecting the public", and everything to do with protecting Wall Street from itself. Under the table Wall Street is expecting the SEC to bend the rules of Bitcoin to benefit them, but the rules are unbendable... and I think the SEC realizes this. So it's just easier for them to shoot down all ETF approvals, at least for now.

[LFC_Bitcoin]

GOOD POINT



AND @ THE MEANTIME

Saw that film again the other day. The two strippers are nice

[toknormal]

BTC/USD reverse Bart Sibrel manoeuvre in progress.

[Bitcoinaire]

Thats a nice pop, more of the same price action. This feels like the accumulation zone, we'll see.

[Hueristic]

With public-private key cryptology, a cryptographic asset can be allowed to sit "out there" while retaining mobility, resistance to counterfeit and still be under the control of the owner. Public and private keys are decoupled. That is the huge advantage in value that Bitcoin has as a monetary asset over precious metals. It's also the property that gives it far greater resistance to the kind of manipulation from derivatives markets that we see in PM'S.

Agreed, and I think this feature of Bitcoin is why it is both admired and loathed by Wall Street.

1. Admired for precisely the reason that you described, as some welcome such an asset to be non-gamable or game-resistant unlike the derivatives markets (e.g., fake futures contracts, wash trades with non-existent shares, phantom "shares", rehypothecation of shares, HFT, etc.)

2. Loathed for all the same reasons. The SEC can't control all of the crypto exchanges and their behavior. Wall Street cannot game the system like they have with equities and commodities. I believe that this is precisely the reason that the SEC is dragging their feet on approving Bitcoin ETFs. It has nothing to do with "protecting the public", and everything to do with protecting Wall Street from itself. Under the table Wall Street is expecting the SEC to bend the rules of Bitcoin to benefit them, but the rules are unbendable... and I think the SEC realizes this. So it's just easier for them to shoot down all ETF approvals, at least for now.

I don't doubt this for a second. But I also don't doubt they have managed to game the system somewhere (Tether comes to mind). It's obvious they have control of the media.

[Deeyoh]

Another 2 week grind up and 1 day dump to same level?   I know I'll get caught one of these days with my trade stash.  It's so easy now to just wait for price to grind up.. start selling then wait for the dump.    

Been doing this for awhile and damn I have 3 times the btc I started with in my trade stash.  This can't happen for to long I suppose.. if I'm accumulating then I know someone else is too on a much grander scale.  They have to be cleaning the hell up.

[HairyMaclairy]

Welp there’s your ATH shorts getting rekt.  This is shit is Groundhog Day.

[El duderino_]

GOOD POINT



AND @ THE MEANTIME

Saw that film again the other day. The two strippers are nice

for a good laugh i really love the amrican pie series , sometimes the school times where good 

and i think this evening you and me probably gonna watch the same thing    what a good game will it be 

[Phil_S]

Going back to $6500 ?

[LFC_Bitcoin]

GOOD POINT



AND @ THE MEANTIME

Saw that film again the other day. The two strippers are nice

for a good laugh i really love the amrican pie series , sometimes the school times where good 

and i think this evening you and me probably gonna watch the same thing    what a good game will it be 

You’re damn right what I’ll be doing tonight. Haven’t got tickets tonight though, will be watching on TV, maybe with a couple of beers & a smoke.

I’ve been drinking San Miguel lately.

[Hueristic]

These idiots don't have a clue that dash had an insta/ninja mine. It's retarded that people that have no clue can set up such large funds. Not to mention ETH/ETC premine.

"Pre-mined coins excluded from fund"

https://bcfocus.com/news/ripples-xrp-stellar-lumens-xlm-left-out-of-new-morgan-creek-crypto-fund/21860/

[toknormal]

These idiots don't have a clue that dash had an insta/ninja mine.

I'm sure you'll still find some left willing to pander to your sense of butthurt tribalistic zealotry over ancient historical anecdotes, but I think they just meant that the entire coin supply should be "in circulation"