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

[BTCMILLIONAIRE]

ETH pump target 0.14

engage

Did I miss something?

[Torque]

Curious thread about Bitmain IPO  https://twitter.com/katherineykwu/status/1045059356994269184

I'm thinking this whole Bitmain IPO document is a complete fabrication.

Why? Because if they really did make that much net revenue in half a year's time, then they'd never have a need to take the company public.

Period.

when this was first floated...i think I heard 15 billion..that is a lot of mula. Now not so much. On the other hand, if they do the IPO now and btc dumps..they got lots

and lots of IPO $$$ as a hedge to cover their 'dubious' BCH investments this year But, if BTC pumps, they can ride this IPO back up to whatever the market will bear

win/win

I can't imagine anyone would want to put any serious cash into the Bitmain IPO with the two idiots (Jihan Wu and some other rich Chinese asshole named Micree Zhan) controlling 55% of the company.

[BTCMILLIONAIRE]

Curious thread about Bitmain IPO  https://twitter.com/katherineykwu/status/1045059356994269184

I'm thinking this whole Bitmain IPO document is a complete fabrication.

Why? Because if they really did make that much net revenue in half a year's time, then they'd never have a need to take the company public.

Period.

when this was first floated...i think I heard 15 billion..that is a lot of mula. Now not so much. On the other hand, if they do the IPO now and btc dumps..they got lots

and lots of IPO $$$ as a hedge to cover their 'dubious' BCH investments this year But, if BTC pumps, they can ride this IPO back up to whatever the market will bear

win/win

I can't imagine anyone would want to put any serious cash into the Bitmain IPO with the two idiots (Jihan Wu and some other rich Chinese asshole) controlling 55% of the company.

People investing into things they know nothing about is probably as old as money.

[bones261]

Too soon for these?

[JayJuanGee]

the last high was at 6840.9 on bitfinex. will we break the last high this time?

The whole coinmarket is already reacting to the price. I hope it get close to $7000 by month end or above. Most analysis seen does not see the price going below $6000 this month or next except any big exchange was hacked or the ETF was rejected.

ETF rejection is already priced in.

In other words, BTC prices are not going down from an ETF rejection, but they would go UP if an ETF were approved.

[infofront]

Too soon for these?

We have liftoff!

[El duderino_]

Too soon for these?

@the prices where we already are.... and every day BTC is still here , its never to soon for those rockets, we are already in the Rockets

Only difference with others is that where in on the early and on the Cheap. 
Offcourse there Will be many jealous saltnoses cause of that , but yeah we are the first believers/HODLERS

[infofront]

Rallying on bad news  

 

Edit: Actually, it might just be due to futures closing.

[Astargath]

Too soon for these?

We have liftoff!

Be careful, I've seen plenty of rockets crash midway through. As long as we don't break the weekly trend I won't be confident.

[Wekkel]

I’d be surprised if this rally hits $7,000. Still no conviction.

[El duderino_]

Moral of the story: Let's stick with what we know how to do. Like predicting the price of Bitcoin... LOL

+6K today

I predicted totaly right.... i’m some kind of wizard ? ?

[nikauforest]

I’d be surprised if this rally hits $7,000. Still no conviction.

Yea rally seems weak. Looking at the one hour we came out of a small cup and handle with 6725 as the target. ( target hit )  Nothing amazing, but lets see.

[JayJuanGee]

Too soon for these?

We have liftoff!

Be careful, I've seen plenty of rockets crash midway through. As long as we don't break the weekly trend I won't be confident.

I am going to presume that you are referring to bitcoin rockets, correct?

Personally, it seems to me that in bitcoin we experience a lot of false take offs, but in the whole scheme of things, we are not really experiencing mid-way crashes.  I suppose how it is described remains a matter of perspective, and if you look at the longer projection, we don't really have crash and burns in bitcoin, but we do have extended periods of price correction that causes a lot of questioning about when or if there is going to be another rocket.

In other words, rockets are rare, but they are BIG, even though we have a whole hell of a lot of ongoing correction that causes folks to wonder how much they have profited from the rockets (which they are likely ONLY to be able to profit if they are largely HODLing through the UPS and the DOWNS).

Right now, we remain in the  60% to 70% price correction range, yet even if we get another 50% or so correction from here (down to the $3k range), which is seeming more and more unlikely (absent some really devastating bad BTC news) with the passage of consolidation time),  which would bring BTC prices into about an 85% correction range, but even if that 85% correction were to happen (let's say $3k-ish), BTC prices would still remain about 12x higher than they were during the vast majority of the low for the 2014-2015 price consolidation period.  Hard to characterize that as a crash, exactly, even though it is easy to identify a whole hell-of-a-lot of false starts within various times in bitcoin.

By the way, we could go back even further in BTC history, before 2013, and find additional upsurges and meaningful BTC price corrections that just continued to advance BTC upwards, especially if you largely attempted to accumulate BTC and were able to hold more than 3 years through the sometimes seemingly extended price valleys.

[STT]

I’d be surprised if this rally hits $7,000. Still no conviction.

Hard to tell, seems we need to wait for daily bars to close.     The chart does look optimistic and there was a surge past the 50 day average I noticed.   Then of course it slows again and appears like its on the blocks ready to sprint for 7200 area at least.
However we wait, theres a counter argument and line of lower highs to contest.  Its a fairly well defined trend line, it will have some force in effect if only because many people will draw a similar conclusion.    Its all a bit muddy but I'll throw 6847 out there as possibly part of that trend and I'd like to see that beaten by todays session of trading in Asia or further ahead if need be.  Either way 7200-7400 would be target because thats 200 day average and the most followed measure, especially on mainstream markets thats always followed

[Rosewater Foundation]

I take it from the shift in sentiment and rockets and such like that we haven't dropped into a sinkhole of bottomless dumping. Good. I don't want to be poor anymore.

Carry on.

Edited multiple times due to typos due to screwdrivers.

[Paashaas]

Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds

https://cointelegraph.com/news/austria-to-use-ethereum-public-blockchain-to-issue-135-bln-in-government-bonds

Holyshit well that does at least tell us Ethereum isn't going to just die on the vine. Crypto is definitely here to stay.

it seems quite strange to me why some BIGGER financial institutions are building upon Ethereum rather than BTC, when BTC is way more secure than ethereum - both in terms of its hashing power and design and the fact that bitcoin does not have a shit load of scam projects that are using it.  I am thinking about Gemini, as well, creating their Gemini USD on ERC20?  Go figure?  Aren't they adding additional risk to their projects or do they believe if something goes wrong, then they can appeal to the Ethereum foundation to fork to fix in their direction, which surely is not something that they could count on in BTC but BTC?

I would not be suprised to see another DAO 2.0. 

They will learn it the hard way.

Crypto is hackers paradise.

[JayJuanGee]

Austria to Use Ethereum Public Blockchain to Issue $1.35 Bln in Government Bonds

https://cointelegraph.com/news/austria-to-use-ethereum-public-blockchain-to-issue-135-bln-in-government-bonds

Holyshit well that does at least tell us Ethereum isn't going to just die on the vine. Crypto is definitely here to stay.

it seems quite strange to me why some BIGGER financial institutions are building upon Ethereum rather than BTC, when BTC is way more secure than ethereum - both in terms of its hashing power and design and the fact that bitcoin does not have a shit load of scam projects that are using it.  I am thinking about Gemini, as well, creating their Gemini USD on ERC20?  Go figure?  Aren't they adding additional risk to their projects or do they believe if something goes wrong, then they can appeal to the Ethereum foundation to fork to fix in their direction, which surely is not something that they could count on in BTC but BTC?

I would not be suprised to see another DAO 2.0. 

They will learn it the hard way.

Crypto is hackers paradise.

That is kind of what I am thinking.  I was thinking that the Winklevoss brothers were kind of bitcoin maximalists, and perhaps a bit smarter about what differentiates bitcoin from shit coins including what is a very large ethereum attack surface in terms of the software and in terms of the variety of scammers building their shitcoins on top of it.  Scammers/hackers might be some of the smartest people in the world, at least in terms of their innovative attempts to steal money (aside from wallstreet and high level banker types).

[jojo69]

this is looking pretty barty

[vroom]

this is looking pretty barty

so sad but true. I hope we are wrong.

edit: w00t. I think we are wrong. or there is a second bart forming right now.

[Totscha]

Public challenge:

Can you say "rekt shorts" without a smile on your face?