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

[jojo69]

lingerie rugby...who knew

sigh, unzipps

[bitserve]

https://twitter.com/SullivanHelton/status/1073028061656944641
bad girls

Wow! That's totally AWESOME!!

Is that a real thing? I mean.. not staged and choreographed with stunt women.

If it is and I could invest I would go all in! That shit is going to moon sooner than Bitcoin!

[VB1001]

That’s how the triangle crumbles

 

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Bitcoin

Another retrace of familiar ground for bitcorn today. Bears have pushed the USD price down towards the yearly ATL once again. I think unless we break downwards again sharply below the -0236 fib on the hourly there is not much to see here except to buy those dips. This is also a possible set up for a nice double bottom imho.  #dyor

1h


4h


D

#stronghands2019

Yesterday I uploaded this graph, I was wondering if you think 3000 can be a good support, You see it possible, are we talking about the same thing?

[realr0ach]

You've never considered the idea that a guy diagnosed with mental illness could be wrong about his definition of "ideal money" being something that has no intrinsic value whatsoever and no linkage with the physical world we actually live in?  My definition of "ideal money" would be a metastable energy source like the blocks of pure energy they use in the transformers cartoon.  

Money is supposed to represent physical goods and services in the real world, and now that most labor is not done by hand, the services part of that aspect leans heavily towards energy based.  The creation of physical goods is also heavily energy based, so if there's any focal point for what money should revolve around, it's probably going to be energy since you can do just about anything with lots of energy.

This is why the world naturally shifts towards things like oil based economic systems.  The problem is that you can't use oil as currency because it's too difficult to transact in, thus you can't remove counterparty risk with it. And that's the reason the world always goes back to metals as money.  It's not possible to transact with energy, but you can transact with physical resources (the only real other trait that money is supposed to represent besides services). Out of the physical resources that exist, the noble metals group are really the only thing capable of fitting the bill of removing counterparty risk, having no middlemen, having almost infinite durability, portability, fungibility, scarcity, etc.

Bitcoin = not fungible, not durable (it can cease to exist at any second unlike metals, so bitcoin's durability is basically zero), has built-in middlemen and doesn't remove counterparty risk, designed to centralize, no Schelling point, and has no scarcity.  Artificial scarcity is not scarcity.

[bitserve]

^@VB1001

I would say EVERYONE agrees $3000 is a very hard support. That doesn't mean it could not be broken.

Btw, now that I remember: Nice Maine Coon you have.  How much does it weight? I know those cats are HUGE.

[JayJuanGee]

  BCash is conveniently self-immolating,

I have a hard time with this concept of writing off the various coins, whether Bcash or Ethereum or any of the other shit coins that are dropping more than bitcoin.  Sure, there is some solace when BTC bounces and they do not bounce, but I get some eery feelings that some of them are just going to bounce too much, and then that just means that the bear market for BTC is not over because the various alts (aka shitcoins) need to be beaten more into the ground before (the one scenario) BTC can truly go back up.

another scenario is that alts come along with BTC for another pump, then it would not be necessary for them, now, to be beaten into oblivion.

[bitebits]

The bitcoin price still tumbling makes no sense anymore at this stage. It is purely driven by fear and greed.
Never imagined being able to buy whole bitcoins at once again, I feel sorry for their loss.

[alevlaslo]

https://forum.bits.media/index.php?/topic/952-%D0%BA%D1%83%D1%80%D1%81-bitcoin/&do=findComment&comment=1712272

[Last of the V8s]

https://twitter.com/SullivanHelton/status/1073028061656944641
bad girls

last scene she twerks on the head is lol

But seriously it might be the most entertaining sport to watch ever

twerk on head is hilarious
https://www.youtube.com/watch?v=81W54PDsw78
same action plus a bit more. youtube is full of it.

jojo feigning surprise lol
"who knew"

[RejectedBanana]

2014-15 -> 2018-19 Copy/Paste?

[gembitz]

^@VB1001

I would say EVERYONE agrees $3000 is a very hard support. That doesn't mean it could not be broken.

Btw, now that I remember: Nice Maine Coon you have.  How much does it weight? I know those cats are HUGE.

$420 support weeeeee

[VB1001]

^@VB1001

I would say EVERYONE agrees $3000 is a very hard support. That doesn't mean it could not be broken.

Btw, now that I remember: Nice Maine Coon you have.  How much does it weight? I know those cats are HUGE.

Yes, this support of the 3000 seems a good point to make a move, we will see if the bears or the bulls.

My Maine Coon cat is male 9.5 Kg.



The females weigh between 4.5 and 7 Kg
The males between 6 and 9 Kg

.

[Wilhelm]

Currently some whale is trying to push down Bitcoin to below $3k.
Let's see if the last weak hands have been shaken out.

[gembitz]

The bitcoin price still tumbling makes no sense anymore at this stage. It is purely driven by fear and greed.
Never imagined being able to buy whole bitcoins at once again, I feel sorry for their loss.

bitcoin will tumble below $1000 easy weee

[LFC_Bitcoin]

^@VB1001

I would say EVERYONE agrees $3000 is a very hard support. That doesn't mean it could not be broken.

Btw, now that I remember: Nice Maine Coon you have.  How much does it weight? I know those cats are HUGE.

Yes, this support of the 3000 seems a good point to make a move, we will see if the bears or the bulls.

My Maine Coon cat is male 9.5 Kg.

The females weigh between 4.5 and 7 Kg
The males between 6 and 9 Kg

.

Cool!
I have two Ragdoll’s -

Male - 7.2kg
Female - 5.0kg

They’re big domestic cats but obviously not as big as yours

[gentlemand]

The bitcoin price still tumbling makes no sense anymore at this stage. It is purely driven by fear and greed.
Never imagined being able to buy whole bitcoins at once again, I feel sorry for their loss.

The peak didn't make any sense either and was also driven purely by fear and greed. People need to stick around until it's been drained at this end of the spectrum.

[gembitz]

The bitcoin price still tumbling makes no sense anymore at this stage. It is purely driven by fear and greed.
Never imagined being able to buy whole bitcoins at once again, I feel sorry for their loss.

The peak didn't make any sense either and was also driven purely by fear and greed. People need to stick around until it's been drained at this end of the spectrum.

bitcoin needs to "reset" as a pennystock again = win

[realr0ach]

2014-15 -> 2018-19 Copy/Paste?

Here's the problem with your assessment.  Even if you erroneously believe a chart is supposed to be an endlessly repeating fractal - no chart actually does that because then people would front run the fractal, all be on the same side of the trade, and cause it to implode - bitcoin is a derivative of the US dollar.  If there's deflation or a dollar liquidity crunch, it's physically impossible for the chart to do that.  You can tell the economic system is currently going through debt implosion and liquidity crunch by just looking at things like the price of oil.  

So the only way possible for bitcoin to skyrocket for no reason besides someone claiming a chart is supposed to make it do so, is for the govt to do extreme dollar devaluations, QE4, etc, and send both the money velocity and money supply screaming higher.  If the plan is to literally destroy the dollar to make the debt bubble servicable, giving you something resembling Zimbabwe wheelbarrow hyperinflation, the vast majority of people are going to be heading towards the base of Exter's Pyramid and Schelling point of money (gold and silver) and not bitcoin to try and preserve their wealth.  

At that point it's solely a fear trade, not a speculative trade, and very few people if anyone believe shitcoins are a better store of wealth than metals.

[illinest]

Big bounce off $3K? Maybe too obvious....

[sirazimuth]

Totally unrelated. But just one click further: https://www.youtube.com/watch?v=YSjsNzffUGQ

Brilliant - had me in fits.

I actually read the title "When you're overqualified for the job" after viewing the vid.
Well that nailed it and  made me lmao.  thanx yogi.

(yeah I know, the post is two days old and ancient history but I fell behind...my bad)