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

[HairyMaclairy]

[Rosewater Foundation]

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.

I make vital contributions. I'm the soul of this place, dammit!

[jojo69]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

[yefi]

LUCKILY when BTC = sideways (boring) and WO = quiet  (following BTC), i post a few things passing me by during the day, so that you can still write the F*** out of your keyboard              (where do you keep finding your walls of text)

Just random stream of consciousness.. hahahahaha

Just hope you respect your fingers and use a mechanical kb. Mushy membranes are the undoing of many a good digit.

[infofront]

Looking at 2014/15 bear market & comparing market phases (Price/RSI)

Simplified into 4 steps: Capitulation, Slow Bleed, Sideways & Breakout

If BTC follows the same trend, I think the next major move will be




came across this one ..... another BULLISH TA    #whenBULLISh = good for me  

I will concede that overall the comparison is bullish; however, I would also speculate that the UP trend period would NOT necessarily be as DRUG out as it was between late 2015 and late 2017 - just because some of the dynamics in the whole crypto space have changed... I am NOT saying anything new here because I think that others have suggested that another UP that might be coming in the near future (perhaps imminent) would have decent chances of taking place in a more collapsed time frame.

By the way, we also know that some folks like to make their BTC price predictions around our upcoming 2020 halvening, and I don't necessarily disagree with the placement of a decent amount of weight and significance necessarily to the dynamics that come about because of the perception of decreased BTC supply and the actuality of decreased supply... yet if sophisticated money is already going to largely know about the algorithm of the BTC halvening - even though they also may attempt to play the BTC market, at the same time to attempt to manipulate down as much as they can, while they can.  In the end, part of the point that I am attempting to make here is that upcoming BTC price movements do not have to either pattern upon previous halvenings, and really BTC price dynamics (including some kind of additional exponential price growth period) could just run rough shod over the whole halvening creating a timeline and price performance pattern that does not resemble previous patterns (aka "fractals" as we have also seen them to be called... hahahahahaha).  

The 2013 "Double Pump" scenario is a possibility for sure. The second bull market would be short and violent, like late 2013. It would then be followed by the mother of all bear markets - til 2021? 2022?

As an aside, I think future halvenings will be non-events. The annual inflation rate is now below 4%.

[marcus_of_augustus]

https://www.tickcounter.com/countdown/789193/bitcoin-pump-bakkt-physical-futures
ferfuxxake lol

Why BTC pump based on this situation alone?  Can someone provide a quickie explanation about why BAKKT futures are significantly different from the already existing futures of CME and CBOE (that have been in place for nearly a year)?

... next day settlement, i.e. 24 hr delivery of the bitcoin, on-chain redemption.

At least that's what they are claiming but it doesn't exist in reality, yet.

CME, CBOE are futures contracts that expire in 1-month, 3-month and 6-month periods and settled using cash (fiat).

[JayJuanGee]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain. 

The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another.  The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).

[marcus_of_augustus]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

[Rosewater Foundation]

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously..

[jojo69]

oh god

it's crashing

[Elwar]

What's Theymos doing with his life these days I wonder? That seastead thing ever get off the ground? So to speak. This digital gold thing doesn't really seem to be panning out. I guess.

All puns intended, obviously..

Not sure about Theymos but I will likely be living on a seastead in the next 3 months or so.

[HairyMaclairy]

Pics compuslory

[elrippos friend]

Hilarious 

[realr0ach]

The dingo ate your gold m8:

https://www.silverdoctors.com/gold/gold-news/11-tons-of-gold-missing-from-australia-and-now-england-denies-australia-access-to-its-gold/

This is why the Jews are constantly trying to get people to buy valueless, imaginary shitcoins instead of physical metals.  Metals have been rehypothecated like 300:1+.  People always speculated silver would break the paper markets, but it's likely people like Putin doing open market orders in mega-tonnage that causes the paper markets to blow up, then real silver price discovery follows after rogue sovereigns buying up all the gold (which was "banned" with Bretton Woods) burns down the house of cards.

Silver is still going to see way better gains than gold, but at this point due to the rogue sovereigns, it seems overwhelmingly likely the gold paper market is the one that cracks first.  Anyone who owns paper gold or silver will also have their account 'settled' before revaluation and see zero gains.  It's even in the fine print!

[jbreher]

"physical delivery"

of a virtual asset...

we are well and truly down the rabbit hole now

Hey... it makes more sense to describe physical delivery of a virtual asset, such as "the private keys to X bitcoin" than it does to assert that some real physical asset such as real property or gold is represented on the blockchain, because that is not true.. and that is bullshit if you want to assert that you own Y real estate or Z gold because it says so on the blockchain. 

The physical real property or the physical gold is of a different nature than the private keys to value that is represented in a bitcoin transaction and represented when one person (or entity) transfers the private keys from himself/herself to another.  The value is in the bitcoin itself (and the private keys) rather than some separate physical property that may or may not be deliverable (such as the real property or the gold examples that I mentioned).

Think morely bigly. One word: Yap.

[Icygreen]

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.

Nice, you got it to upload!  What's the secret?

[xhomerx10]

The janitor not only did not rise from his seat when he passed, but never even glanced at him, as if only a fly had flown through the reception-room.

 I literally just read that story while attempting to find a larger version of Searing's avatar.  Wow.

Nice, you got it to upload!  What's the secret?

 Yeah I tried with the gif file to no avail then I decided to try an animated png instead and it worked.  There is a converter at ezgif com that will convert the gif to an apng (file extension is still .png)  I would do it for you but I am at work for another 5 hours.

[Icygreen]

Sweet, Thanks!

Edit: LOL

[Wekkel]

Living the Dream 

[xhomerx10]

Sweet, Thanks!

Edit: LOL

Looking good!