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

[Dig Bicks]

I still think bitcoin is a scam because it wasn't a fair launch bit its still a lot better than the corrupt fiat system.

I'm calling 16k by end of this year.

[HairyMaclairy]

Haha that’s an incendiary first post - welcome !

[Last of the V8s]

It was knocking about the cypherpunk mailing list for a couple months before launch.
The only people who could possibly have been interested at that time.
Anyone who was anyone could have mined and contributed from day one or even before.

[Dig Bicks]

It was knocking about the cypherpunk mailing list for a couple months before launch.
The only people who could possibly have been interested at that time.
Anyone who was anyone could have mined and contributed from day one or even before.

That doesn't make it a fair launch.  Satoshi was able to mine one million bitcoins himself.


I'm a crypto supporter but the fact that one guy owns such a large percentage of bitcoins scares off new investors.  This whole thing looks like a giant ponzi scheme from the outside.

[hv_]

https://abacusjournal.com/exclusive-goldman-sachs-and-bakkt-goldman-wont-go-it-alone-with-crypto-custody-product-will-rely-on-bakkt-infrastructure/

[leetlezee]

It was knocking about the cypherpunk mailing list for a couple months before launch.
The only people who could possibly have been interested at that time.
Anyone who was anyone could have mined and contributed from day one or even before.

That doesn't make it a fair launch.  Satoshi was able to mine one million bitcoins himself.

I'm a crypto supporter but the fact that one guy owns such a large percentage of bitcoins scares off new investors.  This whole thing looks like a giant ponzi scheme from the outside.

Well, if you have a problem with the way Bitcoin started, why don't you go bring your complaint to Satoshi instead of whining in here about it.

[StartupAnalyst]

Guys, I'm on the forum exactly one year. And this is very cool, the feeling is like I just created an account yesterday. It was a good time, Bitcoin was 20k (I hope this is only the beginning). I received a lot of new information and the thread Wall Observer BTC / USD has become one of the most popular for me. I will celebrate this event this weekend.

Congratulations !!) How would you describe the past year?


Do you think this meme is true?)

[JayJuanGee]

Drums in the deep.  Mempool rising.

It's Bitmain shit-fuckery with them mining empty blocks, backing things up again.

You need a real flaming hat to get urselfie in a better moo.....    Perhaps a slot in the top of the hat in order that your mohawk can show through?

[Wekkel]

I still think bitcoin is a scam [...] its still a lot better than the corrupt fiat system.

It's not a scam, but an upgrade.

[JayJuanGee]

now i see bob ..... i'm thinking where's that purple/pink looking had the f*** @  

xhomerx you gonna have some work still  

maybe create a classic one (infofront-trump-btc-and some shit in one as well?)

 mic, I need the larger size image of your avatar to make you a hat.

actually i wasn't direct asking, but yeah there nice so THX for the effort

just on this pic the dog looks crazy (but on normal pic's she looks good) haha

Crazy is a good look, especially in the bitcoin HODLer world.  I take it that she's a HODLer.  

[StartupAnalyst]

I still think bitcoin is a scam because it wasn't a fair launch bit its still a lot better than the corrupt fiat system.

I'm calling 16k by end of this year.

Roger? Is that you?

[kirreev070]

Congratulations !!) How would you describe the past year?

For me it was a difficult but interesting year.

Do you think this meme is true?)

Periodically it is. Although this is the exception rather than the rule. But sometimes my eyes twitch...

[JayJuanGee]

Your fud has no power here

Largest most recent spike into mempool green was October 5.  We had a small dump that day followed by Bart downward on October 10.  We are again creeping into green mem pool territory.

Currently shorts are rising fast (as shown by Bitmex funding rate going negative) and Bitfinex USD shorts being up 4.6% in the past 24 hours off already high levels (currently 34k).  

From a technical perspective we are at the outer boundaries of the meme triangle and due a push down.

The price is currently range bound in a narrow band which points to an explosive move to follow.

Taking into consideration that we have just had a failed rally, the most likely direction of travel is a short explosive move down.  Maybe to $6200 or $6100.   The alternative is another short squeeze which becomes more likely as Bitfinex shorts approach 40k if no downward movement by that point, although it’s hard to believe that many shorts will be using high margin and vulnerable to liquidation given the actions of the past 48 hours.  Stop hunts are always a risk.  

The mem pool data is just one factor in this analysis.  All the other points are indepently verifiable albeit TA is subjective by definition. 
If I had to make a price prediction, I would say $6200 within the next 4 days.  If more Tether FUD blows up, then all bets are off as a run on Bitfinex could easily cause another surge in price. 

All of this is going on in the context of continued desire to shake additional froth from the altcoin space.... yet even though there seems to be incentive and perhaps a relatively strong desire to shake additional froth from such altcoin space, I don't think that such shaking (whether short term or medium term) is a necessary precedent for bitcoin prices to return towards ATH (and to bring frothy altcoins/ICOs and other scams with). 

[JayJuanGee]

https://support.binance.com/hc/en-us/articles/360017955492
Binance Trading Strategy Competition - 37,000 BNB Giveaway!
The requirements of the Trading Strategy Competition

2) Withdrawals are not permitted during the competition period to remain eligible.

inb4 CZ has liquidity probs

Must be learning from the Micpeep about the value of games to attract the attention of folks?

[Last of the V8s]

It was knocking about the cypherpunk mailing list for a couple months before launch.
The only people who could possibly have been interested at that time.
Anyone who was anyone could have mined and contributed from day one or even before.

That doesn't make it a fair launch.  Satoshi was able to mine one million bitcoins himself.

I'm a crypto supporter but the fact that one guy owns such a large percentage of bitcoins scares off new investors.  This whole thing looks like a giant ponzi scheme from the outside.

As fair as poss in the circs. Would you have had him announce it in the MSM? Would've defeated the object, no?
It's not an investment, it's a bid for freedom. It doesn't need newbs.
What it looks like to newbs and what it actually is are different, and the former is irrelevant.
The million btc meme is a myth. https://bitcointalk.org/index.php?topic=175996.msg1832988#msg1832988 onwards

[ThePunisher49X]

Volume is spiking fast, with minimal volatility. We know what that means.

[JayJuanGee]

Mmmm probably your longer in BTC as 1 year and just 1 year active on the forum, sorry my bad.

Yeap, I in BTC since 2013. Long watched the forum, but registered only a year ago

As you celebrate and would be there, i surely would buy you Some good old cocktails ..... so cheers drink one of me  

All that will be needed this weekend is alcohol and good company.

What was your overall BTC investment strategy?  Did you dollar cost average to accumulate?  Did you make some sell mistakes?    Did you have some sell successes - especially since we had such an outrageous run that first went about 20x from $250 to $5k - and then another 4x from there - before coming back down. 

I have a few people that I got into bitcoin - at least I was a kind of catalyst to their introduction and largely attempting to get them to accumulate and to HODL, yet peeps certainly have minds of their own (and I encourage that too), there were a few people who got some decent profits and got out, but only the rare one largely held through and was lucky enough to take decent profits in the $14k range - while still holding a vast majority of the original stash - I mean withdrew more than 4x of the original principle, and still retains "house money BTC" that is valued around 9x of the original principle.  Surely some luck in that but such luck is surely facilitated when an asset (like bitcoin) has performed so well and really remains in a price territory that is more than 20x of its 2015 "stability" point (that was in the mid $200s for a vast majority of the year).

[LFC_Bitcoin]

Are we still not rich?

[kirreev070]

Are we still not rich?

We need to wait a couple of years and we will become even richer.

[Dig Bicks]

Are we still not rich?

Well being a millionaire these days isn't rich.  Have to be a billionaire now if you want to be considered truly wealthy.