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

[El duderino_]

https://medium.com/@BrandonQuittem/bitcoin-is-a-social-creature-mushroom-part-2-3-6a05c3abe8f0

sorry guy's i'm having a quiet day here but soon going out

[1714909406]

1714909406

[ssmc2]

Bear trap closed. Fasten your belts!

Bear trap within a bull trap

[cgt99]

Cmon batman time for lift off!! 

[criptix]

Bear trap closed. Fasten your belts!

Bear trap within a bull trap

Inverted head and shoulders to 5.3-5.5k looks good still.

Crossing fingers  

[JimboToronto]

Bear trap closed. Fasten your belts!

Bear trap within a bull trap

Bear trap within a bull trap within a bear trap.

The year 2018 is one big bear trap just like 2014 was.

[VB1001]

Good article, I would like to read the original of WSJ

WSJ: Bitcoin Trading at Strong Correlation with Gold as Traditional Investors Step In

https://cointelegraph.com/news/wsj-bitcoin-trading-at-strong-correlation-with-gold-as-traditional-investors-step-in?

[Phil_S]

Hopefully this symmetry will get us back to $6400.

[Last of the V8s]

https://twitter.com/DoveyWan/status/1078607226221285378
Maybe this is THE LAST AND BIGGEST Bitmain drama of the year ⚠️⚠️⚠️ Local source said “ BOTH Jihan and Zhan will step down” !!! 🚨🚨🚨 The original plan according to IPO filing is Jihan & Zhan will be co-CEOs, but now the source said “The successor maybe Mr. Wang” 👀👀👀

more on Wangs further down the thread: she says it's more likely Haichao Wang than the Wang from fucking Huawei.

[dandannn]

Bear trap closed. Fasten your belts!

Bear trap within a bull trap

Bear trap within a bull trap within a bear trap.

The year 2018 is one big bear trap just like 2014 was.

So many traps!

[Biodom]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

I understand this argument (to a degree), but I am not sure what would be the impetus for such a transition?
5-10 years: I cannot see it providing that there is no massive debt default.
50-100 years: maybe, if the path is right.

[jojo69]

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

[Last of the V8s]

bitcoin represents capital now, safe and secure
bitcoin sucks up all the capital it can find over the next few years
bolivares
pounds sterling lol
dollars
equities
bonds
pork bellies and metals
houses
commercial real estate
then we find the top, at a 1000x? a millionx?
the world divided into 21 million coins

I understand this argument (to a degree), but I am not sure what would be the impetus for such a transition?
5-10 years: I cannot see it providing that there is no massive debt default.
50-100 years: maybe, if the path is right.

can we settle on somewhen in between?
the impetus comes from increasing scarcity of coin and increasing awareness of that emission schedule

[jojo69]

Just call me Reynolds.

Ryan?

wrap

[criptix]

Watching the silver price slowly fall back to $6 over the next decade will be even worse.

From a TA point of view, $10 looks like a very strong support and potential bounce. But, r0ach is always talking about costs of production and oil as the main factor. Oil price is gonna dump really hard over the next couple of decades. As much as electrical cars increase their market share the more affected will be the demand of oil. Main demand right now is coming from cars all over the world. Another interesting side effect is that long distance flights will become even cheaper.

I'm sorry.

Where do you think all this electricity is going to come from?

While there will certainly be plenty of volatility in the energy sector, even "dumps", broadly speaking oil will never, ever, be cheaper in real terms.

Even serious industry paid annalists acknowledge that we are past peak EROI, and there is simply no replacement for the energy density of fossil fuels.

Fusion!

[Biodom]

Coinbase released some new account rules.
https://www.coinbase.com/legal/user_agreement?locale=en-US

Pledges not to hypothecate customers' btc.
Anybody noticed something new/important?

[kenzawak]

Good article, I would like to read the original of WSJ

WSJ: Bitcoin Trading at Strong Correlation with Gold as Traditional Investors Step In

https://cointelegraph.com/news/wsj-bitcoin-trading-at-strong-correlation-with-gold-as-traditional-investors-step-in?

There you go :

https://outline.com/LmstEG

Full article, for free.

[jojo69]

Fusion!

no roads where we're going Marty

[Paashaas]

Bitcoin Cash Block Sizes Average Less Than 100 KB, Defeating The Point Of Its Creation 

https://cryptoiq.co/bitcoin-cash-block-sizes-average-less-than-100-kb-defeating-the-point-of-its-creation/

[VB1001]

Today the green dildo again coincides with the closing of futures.

[d_eddie]

Need to see it get a bit bigger on the daily