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

[Wekkel]

Good article but unfortunately only for Medium.com members: “Bitcoin and the Promise of Independent Property Rights” by Hasu https://link.medium.com/ewvJPkPtJS

Key take away:
"Civilization scales through cooperation, but cooperation between strangers is inherently hard. Social institutions can solve this prisoner’s dilemma and allow us to cooperate on a larger scale. At the bottom of the stack, we need a stable and benevolent monopoly on violence, to enforce the rules of the legal system and establish property rights. Until now, it was impossible to have strong property rights in places with a weak local government. Bitcoin does not depend on the existing system in any way and can give us the highest form of property rights, no matter who and where we are."

Those who think Bitcoin is done for will be in for a rude surprise.

[1714046591]

1714046591

[serveria.com]

Greedy bears were waiting for a high volume bottom plunge that didn't come. I believe we already bottomed according to the not so common Rounding Bottom pattern https://tradingsim.com/blog/rounding-bottom/ that the herd was not looking out for. This fits neatly with the decline starting off with monster volume and plunging down more multiple times but at a slower rate and with weaker volume each time. Also its likely that Jimbo cursed us all behind our backs in a moment of weakness while Roach did speak to a Jewish girl(his last female contact till he meets and falls in love with Gembitz at the 100k party) and Searing has already panic sold a big chunk at the bottom. Goose and JJG publicly made their sacrifices(thank you kind sirs) but we may have to speculate about the clandestine actions of Searing, Roach, and Jimbo. All of these conditions met would assure the bottom is in. If correct we should keep rising, slowly at first, but gaining speed and volume on the way out and see 6k  around Jan 12 2019. The cautious bull herd seems to be taking for granted they will get a nice long year to accumulate cheap coins like 2015 and then they can all be millionaires since they neglected to do this 4 years ago during the last great crypto winter, I dont think this will happen at all. Only 21 million(ok like 17 million) coins and its pretty pie in the sky for everyone to think they are gonna get 12 months of bargain basement prices where they can just casually collect coins for peanuts while fundamentals grow stronger by the day.

Ideal scenario (gently and slowly light up your hopium pipes for this one and take a big inhale)........

after regaining 6k in mid January, Bakt would then usher in another mini bubble to 40k followed by a quick and mild bear season testing 10k again, all before the next halving where the march to 250k starts



Also for anyone waiting for the high profile ragequit/capitulation/ from a well known Bitcoiner.... well the Erik Finman "Bitcoin is dead" was about as good as it gets. This kid has been well covered by the media for quite some time as the "teenage Bitcoin millionaire." If you're waiting for Saifedean Ammous to declare Bitcoin dead before we hit bottom, sorry its just not gonna happen.



Still working on the Gembitz origin story screenplay. Conducting a lot of in depth research into her sad and messy life right now before the big reveal coming soon. Stay tuned frenz.

Haha hilarious  

while Roach did speak to a Jewish girl(his last female contact till he meets and falls in love with Gembitz at the 100k party)

I really doubt it Bob is planning to invite both these dipshits to the 100k party  

[gentlemand]

I really doubt it Bob is planning to invite both these dipshits to the 100k party  

When you arrive you will discover that every single person on this thread was the Anti Semite apart from you.

Then it envelops you in its cloak and drags you to its sex van.

[goldkingcoiner]

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

[LFC_Bitcoin]

$3,467

Fucking going down again.

[Toxic2040]

$3,467

Fucking going down again.

Price discovery happens.

[Lambie Slayer]

I really doubt it Bob is planning to invite both these dipshits to the 100k party  

When you arrive you will discover that every single person on this thread was the Anti Semite apart from you.

Then it envelops you in its cloak and drags you to its sex van.

Well Roach and his future lover and baby mamma Gembitz are both Jewish so if they are the most disliked creatures on this thread then the ADL might accuse it of being an Anti Semitic thread, but it is most likely out of coincidence rather than bigotry. Interestingly enough I can confirm that Roach's father is a prominent attorney at the ADL so this could cause problems down the road. https://www.adl.org/?gclid=EAIaIQobChMIlvfQhvyn3wIVBrvsCh3-UgChEAAYASAAEgI_mPD_BwE

[xhomerx10]

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

 Not bad.  So the beer's on you tonight?

[El duderino_]

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

 Not bad.  So the beer's on you tonight?

Or on BOB .... he got you Guy’s addresses already so that’s more easy......

[goldkingcoiner]

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

 Not bad.  So the beer's on you tonight?

Maybe not tonight. I am hanging on to this long for a while like a bad gambler with an alcohol addiction. Still kind of hoping for another pumperino. Bollinger band constricting, Palms are sweaty
Knees weak, arms are heavy
Vomit on my sweater already
Mom's spaghetti

[jojo69]

for god's sake

close that long immediately

[Globb0]

So how many hours or days until it go down again ?

7 of course,  aren't you following the days official price agenda?

[goldkingcoiner]

[bitserve]

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

 Not bad.  So the beer's on you tonight?

Maybe not tonight. I am hanging on to this long for a while like a bad gambler with an alcohol addiction. Still kind of hoping for another pumperino. Bollinger band constricting, Palms are sweaty
Knees weak, arms are heavy
Vomit on my sweater already
Mom's spaghetti

Wait, what? So you opened an 80x margin long by mistake, got the extreme luck that the price went in your favor and instead of thank the gods and close it and reopen with a more sane leverage you decide to... what? Let it go until you get rekt?

[BTCMILLIONAIRE]

EVERYONE PAY ATTENTION TO ME!

HOLY SHIT. I ACCIDENTALLY LONGED AT 80x instead of 8x AT 3237. Talk about a lucky day! Of course I noticed my mistake but by the time I could correct it, we were impaled on a fast green dildo!

 Not bad.  So the beer's on you tonight?

Maybe not tonight. I am hanging on to this long for a while like a bad gambler with an alcohol addiction. Still kind of hoping for another pumperino. Bollinger band constricting, Palms are sweaty
Knees weak, arms are heavy
Vomit on my sweater already
Mom's spaghetti

Wait, what? So you opened an 80x margin long by mistake, got the extreme luck that the price went in your favor and instead of thank the gods and close it and reopen with a more sane leverage you decide to... what? Let it go until you get rekt?

y house gone

[CheapYoutubeHits]

lets hope we bottomed already,


to many people say we did not bottom yet,

[goldkingcoiner]

I put a stop loss just below -REDACTED-. No worries boys. I got this.

[d_eddie]

Well boys, did we just have a small bear trap close and trap those sneaky bears? I haven't seen one of those in quite a while.

I like this. At least, my long got some relief and my short a higher entry point. I hope more relief is coming. My gut tells me we're not done with suffering yet, though. Strictly SOMA, of course.

[serveria.com]

lets hope we bottomed already,


to many people say we did not bottom yet,

That's how BTC works - it does the opposite of what we predict  

[El duderino_]

$3,467

Fucking going down again.

3.5k brother