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

[El duderino_]

Eh, WTF?  chili fries, watch it bud    Its called Poutine and its fun to say.

Poutine is with gravy, not chili.

Original Joe's is a steakhouse that originated in San Jose, California, and they serve steak with fries as an option.  The original is gone (I think) but many still exist up and down the Cali coast.  

Sheeit, in the Midwest and South you see steak served with fries *everywhere* (outside of a 5-star restaurant, that is).

whatever its not about food in here, but if i have too say something about it : when someone would plan a visit to europe and have a chance too visit belgium, just do it for the kitchen .
possitive that its the best in the world, from the most regular resto's its already SUPERIOR ..... 

[1714996358]

1714996358

[El duderino_]

maybe ....  BUT I WILL JUST BE HODLING MY BTC FOR THE NEAR FUTURE IN FINE AND SAFE COLD STORAGE , and yes not really use it ..... #HO:
                                                                                                                                                                                                           DL

[cosmoo]

On a related note, my gambling BCH short has grown in size and has been repositioned a bit higher. In the green now. I'm tempted to close it, but greed is a thing when I gamble.

[El duderino_]

Got my lambo after bitcoin reaches 6,600$ yesterday 

Ridiculous.      Is that you Joulian?   Buying a Ducati with your bitcoin at $450?


There is a concept. Delayed gratification.    Reminds me of some of the dumbasses such as roach, and some others talking about cashing their 2x or 3x bitcoin profits or pumping diversification into precious metals right before the May 2016 bitcoin uptrend.... and could have done much better with some will power. Or bitcoin hodl power.     

Buying a lambo is like buying a shitcoin that you can show off. They both lose value at about the same rate.

maybe but sometimes i do understand 1 would like too buy himself something special.... and if lucky with an LIMITED edition sportscar ...they don't necessarily losing value and especially not like many shitcoins will do...... they will not have the same return potential of BTC , but not everyone will be seeing it that way.
so if a lambo makes you happy and your not hurting yourself with buying one ..... my only words would be, BE HAPPY, DRIVE SAFE and DON'T CRASH IT.
and if 1 like's too show of his achievement, the why NOT , like it or not LAMBO and BTC are related somehow 
offcourse a regular model will lose value ,but can give pleasure too some people as well AND pleasure comes with costs most of the times.

or maybe its a second hand topdeal and can be sold for xxxxx $ more           "only @ 6,6k coins i would waited....."

[El duderino_]

On a related note, my gambling BCH short has grown in size and has been repositioned a bit higher. In the green now. I'm tempted to close it, but greed is a thing when I gamble.

greed it all the way DOWN 

[jonoiv]

why is bitstamp lagging behind most other exchanges by almost 1%?

[Last of the V8s]

why is bitstamp lagging behind most other exchanges by almost 1%?

other exchanges mostly priced in tether not dollar
lotta tether fud recently, losing value versus dollar


edit https://www.binance.com/en/trade/TUSD_USDT

[Last of the V8s]

[jonoiv]

why is bitstamp lagging behind most other exchanges by almost 1%?

other exchanges mostly priced in tether not dollar
lotta tether fud recently, losing value versus dollar

Thanks now it make sense!  

What's your fellings on tether?

[StartupAnalyst]

[Realerre]

Eh, WTF?  chili fries, watch it bud    Its called Poutine and its fun to say.

Poutine is with gravy, not chili.

Original Joe's is a steakhouse that originated in San Jose, California, and they serve steak with fries as an option.  The original is gone (I think) but many still exist up and down the Cali coast.  

Sheeit, in the Midwest and South you see steak served with fries *everywhere* (outside of a 5-star restaurant, that is).

whatever its not about food in here, but if i have too say something about it : when someone would plan a visit to europe and have a chance too visit belgium, just do it for the kitchen .
possitive that its the best in the world, from the most regular resto's its already SUPERIOR .....  

A good suggestion only for potato's lovers, the only places in eu where you are supposed to eat good are Italy and the southern part of France. Btw steak+fries are very common in Italy, the most common main dish for the children's menu in restaurants is cutlet+fries, I was just assuming that they were common also in America...

Ps: if you Google image "steak  fries" and "bistecca  patatine" (same thing in italian), differences are astonishing

[Kylapoiss]

Not Russian, Dagestani Muslim*

Which is legally a part of Russian Federation, hence making Khabib a Russian. If you come from California you are not called a Californian, but an US American.

Got my lambo after bitcoin reaches 6,600$ yesterday  

Ridiculous.     Is that you Joulian?   Buying a Ducati with your bitcoin at $450?


There is a concept. Delayed gratification.    Reminds me of some of the dumbasses such as roach, and some others talking about cashing their 2x or 3x bitcoin profits or pumping diversification into precious metals right before the May 2016 bitcoin uptrend.... and could have done much better with some will power. Or bitcoin hodl power.     

Buying a lambo is like buying a shitcoin that you can show off. They both lose value at about the same rate.

There is a thing called fun, doesn't that have any value? For me it has more value than money, life is for living, not always thinking what outcome is the best financially. And money is fairly easy to make anywhere in the world.

There is always a possibility that something might happen and/or someone might have personal reasons (an illness or smth) to do so, everyone can't wait for 5 years, maybe he still has a big chunk of BTC left

[leetlezee]

I agree, retail interest in Bitcoin is very low right now, which gives the sharks plenty of room to swim without interference. But once we see some news that spikes enough people's interest, the domino effect will take place like in 2017:

• Institutional investors quietly buying Bitcoin...
• Some announcement drives decent interest in buying Bitcoin
• Bitcoin price goes ^
• "Bitcoin Bull Run Again?" in news cycle
• People start FOMO and buy BTC
• Bitcoin price goes ^^
• More news cycles about Bitcoin "Bitcoin Goes on a Real Tear This Time, Will We See $1,000,000? Jamie Dimon Says Yes"
• More people FOMO buy
• Bitcoin price ^^^
• News cycles go wild, your grandma sees it and calls you to ask you to help her buy Bitcoin
• Institutional investors taking profit $$
• Bitcoin price ---
• People tell themselves this is consolidation before more ^^^
• Institutional investors finish taking profit $$$, start shorting
• Bitcoin price \/
• People say, "just people taking a little profit before hitting the REAL bull run"
• Bitcoin price \/\/
• People start getting a little worried about a repeat, not buying any more
• Institutional investors get busy shorting
• Bitcoin price \/\/\/
• People start reverse FOMO, selling all their holdings
• Bitcoin price \/\/\/\/\/
• Institional investors cashing in shorts... $$$$$$$
• Retail investors lose their shorts
• Bitcoin bottoms and cycle starts all over again

I am not sure why this narrrative - that institutional investors always make the right calls and own the markets while retail investors always get killed- is so prevalent in crypto psyche. Most of bitcoin richlist are retail investors. Meanwhile funds drove the ICO craze and got killed. But whatever excuse you want to make as to why you’re not wealthier, go right ahead if it makes you feel better.

The point is market manipulation on a large scale exists behind the scenes that is never covered by the news / brought to light. Not all institutional investors were/are involved in the manipulation and therefore got burned by the crash earlier this year, while naturally, some HODL-ers are on the richlist (it's easier to have lots of Bitcoin if you acquired/mined it when it was cheap), and some retail traders have gotten lucky and hit it big. The point is the average Joe who is trying to get into Bitcoin is essentially robbed of his money by market manipulation he has no idea even exists.

But then again, market manipulation exists in other markets as well... stock, commodity... they just have more regulation, so it's easier to get caught.

[savetherainforest]

maybe ....  BUT I WILL JUST BE HODLING MY BTC FOR THE NEAR FUTURE IN FINE AND SAFE COLD STORAGE , and yes not really use it ..... #HO:
                                                                                                                                                                                                           DL

How about: NO.


The only solution is direct payment with some sort of subsidiary coin that is pegged to bitcoin. (bitcoin will always be a hodl at home coin that you will just use small pieces of it for rare transactions and not day-to-day buy bread or coffee transaction coin)

[d_eddie]

If we can hold the $6k floor through to the end of January, then it’s on like Donkey Kong.

...and if we can't, a conservative short might be the ticket.

You are vocalizing this "shortie thingie ma jiggie" a lot, recently.  Getting me worried in a kind of maternal sense.

Don't worry mom, I always wear a condom.

[Elwar]

There is a thing called fun, doesn't that have any value? For me it has more value than money, life is for living, not always thinking what outcome is the best financially. And money is fairly easy to make anywhere in the world.

There is always a possibility that something might happen and/or someone might have personal reasons (an illness or smth) to do so, everyone can't wait for 5 years, maybe he still has a big chunk of BTC left

True. If you're retired and have nothing better to spend your money on then a lambo is a good way to burn through some cash.

But if you're still working and buy a lambo...you just extended your working days by the amount you have to earn to pay for that thing (which would be the opposite of fun). Unless you enjoy your work.

[d_eddie]

Essentially the point is that institutional investors want to buy up large quantities of Bitcoin without moving the price. So if they are only buying OTC from Bitmain and other large miners, and the "halvening" happens in 589 days... then I would agree that could easily be where the increase in price comes.

When I said "probably well before the halvening", I was thinking along the following lines.

Lately, volume on traditional exchanges has been ridiculously low. I think this might not be tightly connected with shark buyers going OTC; they have been doing things that way for a while already. The issue is small fish losing interest, patience, fiat money, or all of the above. As soon as all these things build back up, exchange prices must inevitably get a push. Any sign of a bull market will likely trigger a wave of small fish FOMO that will be impact prices for all to see, including MSM. Which will likely create some feedback loop and we'll be back to late 2017 scenarios.

Maybe we should ask Jamie Dimon. I bet he has a pretty good idea of when that might be.

So, who calls him? Will you or should I?  

I'd call Jamie Dimon, but I think he blocked my number due to my efforts to call out his BS in 2017.  

I agree, retail interest in Bitcoin is very low right now, which gives the sharks plenty of room to swim without interference. But once we see some news that spikes enough people's interest, the domino effect will take place like in 2017:

• Institutional investors quietly buying Bitcoin...
• Some announcement drives decent interest in buying Bitcoin
• Bitcoin price goes ^
• "Bitcoin Bull Run Again?" in news cycle
• People start FOMO and buy BTC
• Bitcoin price goes ^^
• More news cycles about Bitcoin "Bitcoin Goes on a Real Tear This Time, Will We See $1,000,000? Jamie Dimon Says Yes"
• More people FOMO buy
• Bitcoin price ^^^
• News cycles go wild, your grandma sees it and calls you to ask you to help her buy Bitcoin
• Institutional investors taking profit $$
• Bitcoin price ---
• People tell themselves this is consolidation before more ^^^
• Institutional investors finish taking profit $$$, start shorting
• Bitcoin price \/
• People say, "just people taking a little profit before hitting the REAL bull run"
• Bitcoin price \/\/
• People start getting a little worried about a repeat, not buying any more
• Institutional investors get busy shorting
• Bitcoin price \/\/\/
• People start reverse FOMO, selling all their holdings
• Bitcoin price \/\/\/\/\/
• Institional investors cashing in shorts... $$$$$$$
• Retail investors lose their shorts
• Bitcoin bottoms and cycle starts all over again

I am not sure why this narrrative - that institutional investors always make the right calls and own the markets while retail investors always get killed- is so prevalent in crypto psyche.

It's not that they make the right calls. It's that when your fiat muscle is in the same order of magnitude as the market cap, you stand a good chance to make your call right if you plan carefully.

Most of bitcoin richlist are retail investors. Meanwhile funds drove the ICO craze and got killed. But whatever excuse you want to make as to why you’re not wealthier, go right ahead if it makes you feel better.

Most are retail investors because they really made the right call at the right time, and staked a good chunk of their "real money" on "magic internet money". Now that the price went up significantly, correction notwithstanding, bitcoin is becoming more and more of a rich person game, as someone said a few pages back.

And by the way, it's not an excuse for me. I made that call at the right time too, although my modest fiat reserves at that time don't make me a disgustingly rich guy today. Not yet.


EDIT
Only after posting this, I read leetlezee's reply to the same post by windjc. I think it summarizes my point of view effectively. Just for reference, here's the link.

(snip)
The point is market manipulation on a large scale exists behind the scenes that is never covered by the news / brought to light.

[windjc]

I agree, retail interest in Bitcoin is very low right now, which gives the sharks plenty of room to swim without interference. But once we see some news that spikes enough people's interest, the domino effect will take place like in 2017:

• Institutional investors quietly buying Bitcoin...
• Some announcement drives decent interest in buying Bitcoin
• Bitcoin price goes ^
• "Bitcoin Bull Run Again?" in news cycle
• People start FOMO and buy BTC
• Bitcoin price goes ^^
• More news cycles about Bitcoin "Bitcoin Goes on a Real Tear This Time, Will We See $1,000,000? Jamie Dimon Says Yes"
• More people FOMO buy
• Bitcoin price ^^^
• News cycles go wild, your grandma sees it and calls you to ask you to help her buy Bitcoin
• Institutional investors taking profit $$
• Bitcoin price ---
• People tell themselves this is consolidation before more ^^^
• Institutional investors finish taking profit $$$, start shorting
• Bitcoin price \/
• People say, "just people taking a little profit before hitting the REAL bull run"
• Bitcoin price \/\/
• People start getting a little worried about a repeat, not buying any more
• Institutional investors get busy shorting
• Bitcoin price \/\/\/
• People start reverse FOMO, selling all their holdings
• Bitcoin price \/\/\/\/\/
• Institional investors cashing in shorts... $$$$$$$
• Retail investors lose their shorts
• Bitcoin bottoms and cycle starts all over again

I am not sure why this narrrative - that institutional investors always make the right calls and own the markets while retail investors always get killed- is so prevalent in crypto psyche. Most of bitcoin richlist are retail investors. Meanwhile funds drove the ICO craze and got killed. But whatever excuse you want to make as to why you’re not wealthier, go right ahead if it makes you feel better.

The point is market manipulation on a large scale exists behind the scenes that is never covered by the news / brought to light. Not all institutional investors were/are involved in the manipulation and therefore got burned by the crash earlier this year, while naturally, some HODL-ers are on the richlist (it's easier to have lots of Bitcoin if you acquired/mined it when it was cheap), and some retail traders have gotten lucky and hit it big. The point is the average Joe who is trying to get into Bitcoin is essentially robbed of his money by market manipulation he has no idea even exists.

But then again, market manipulation exists in other markets as well... stock, commodity... they just have more regulation, so it's easier to get caught.

Market manipulation does not exist on any large scale. Prove it. If retailers hold they win. Simple as that. If you are trying to day trade the chop, then you’re probably just a bad trader.

[Last of the V8s]

why is bitstamp lagging behind most other exchanges by almost 1%?

other exchanges mostly priced in tether not dollar
lotta tether fud recently, losing value versus dollar

Thanks now it make sense!  

What's your fellings on tether?

My explanation made sense but the pic didn't, sorry.
Anyway tether is a scam with likely little consequence.

[El duderino_]

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