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

[HairyMaclairy]

When POMP Hairy?

$6k by December 2019

$10k by mid 2020

New ATH at start 2021

Then POMP

[Lambie Slayer]

When POMP Hairy?

$6k by December 2019

$10k by mid 2020

New ATH at start 2021

Then POMP

I fully support the sexiness and correctness of this Bull Market timeline.

[mindrust]

Bitcoin: Crypto investors 'think they can get rich quick'

https://www.bbc.com/news/business-47483068

Interestingly:

Despite the hype, very few people actually put their money into this kind of unregulated investment, according to the Financial Conduct Authority's research. Its findings suggested:

>Only 3% of those asked in the FCA's survey had ever bought cryptocurrency such as Bitcoin
>Those who do buy cryptocurrency tend to spend less than £200
>Just one in 100 people who have not done so said they would in the future
>Cryptocurrency is primarily understood by men aged 20 to 44, but 73% of all those asked said they could not define it

I'm glad that... it's just the beginning!

It is still early, we are still the early adopters. While they try to figure out what bitcoin is, we already made our stash. (or making, personally i'm still not done)

When they figure it out, they'll push the price to $100k and you know what??



 

Ok, I lied, I'll sell some.

[LFC_Bitcoin]

When POMP Hairy?

$6k by December 2019

$10k by mid 2020

New ATH at start 2021

Then POMP

Inject that shit into my veins HM.

[El duderino_]

Bitcoin: Crypto investors 'think they can get rich quick'

https://www.bbc.com/news/business-47483068

Interestingly:

Despite the hype, very few people actually put their money into this kind of unregulated investment, according to the Financial Conduct Authority's research. Its findings suggested:

>Only 3% of those asked in the FCA's survey had ever bought cryptocurrency such as Bitcoin
>Those who do buy cryptocurrency tend to spend less than £200
>Just one in 100 people who have not done so said they would in the future
>Cryptocurrency is primarily understood by men aged 20 to 44, but 73% of all those asked said they could not define it

I'm glad that... it's just the beginning!

To get FIAT rich in a few years = getting rich quickly
To create a BTC stash now, thats worth a lot of Dirty/worthless FIAT in a few years = already being BTC rich right now
In a few years or in 10-20-.... years 1BTC = 1BTC
So create a Nice stash and allready be BTC rich   (Don’t let being rich only be determine by the FIAT value of a bitcoin, let it be determine by the amount of BTC that you own)
Good morning WO’s

DAMN F*** still 05.20h
Gotta sleep at least another 2-3Hours

Back into HODLdreaming

[kenzawak]

Highest level of stupidity

I don't think that it's so stupid - cash is always present inside!

Well, there can't be any coins but there must a bit of cash inside yes. But if I were to rob an ATM, I'd go with something more "popular".

Plus it seems like it was an inside job so I guess they knew what they were doing :

https://www.ccn.com/stolen-bitcoin-atm-owners-suspect-memphis-robbery-was-inside-job

[kenzawak]

http://charts.woobull.com/bitcoin-valuations/



Bitcoin Valuations
MARKET CAP
The market price multiplied by the coin supply. (a.k.a Network Value)

REALISED CAP
The value of all coins in circulation at the price they last moved, in other words an approximation of the value paid for all coins in circulation. By Coinmetrics.

NVT CAPS
Values the network using the networks monetary velocity. In essence mapping NVT Ratio back to target Market Cap. NVT Caps make up a fishnet that tends to converge at accumulation bottoms. (By Willy Woo)

AVERAGE CAP
This is the "forever" moving average of Market Cap. The cumulative sum of daily Market Cap values divided by the age of the market in days.

DELTA CAP
The Realised Cap minus Average Cap. Useful for catching the market bottom, and also as a timing indicator for market tops and the start of the bull phase by tracking its oscillation between Realised Cap and Average Cap. (Experimentally proposed by David Puell)

TOP CAP
The average cap multiplied by 35. Historically has matched market tops. (Experimentally proposed by Willy Woo in collaboration with David Puell)

INFLOW CAP
The cumulative value of all coins at the price they were mined.

FEES CAP
The cumulative value of all the fees paid on the network.

[cAPSLOCK]

ok thx^
https://cryptodaily.co.uk/2019/03/french-government-set-to-ban-private-cryptos-like-monero-dash

Does this crush them, or legitimize them?

[kenzawak]

https://twitter.com/woonomic/status/1096764890721804288



PS:

2009: less than $0.01

Actually less than one tenth of a penny. The genesis block was 3rd Jan 2009, but BTC carried no market price until October of that year.

[Last of the V8s]

ok thx^
https://cryptodaily.co.uk/2019/03/french-government-set-to-ban-private-cryptos-like-monero-dash

Does this crush them, or legitimize them?

Sorry it's a terrible headline and nobody's banning anything yet. But would certainly validate rather than crush.

[fillippone]

http://charts.woobull.com/bitcoin-valuations/



Bitcoin Valuations
MARKET CAP
The market price multiplied by the coin supply. (a.k.a Network Value)

REALISED CAP
The value of all coins in circulation at the price they last moved, in other words an approximation of the value paid for all coins in circulation. By Coinmetrics.

NVT CAPS
Values the network using the networks monetary velocity. In essence mapping NVT Ratio back to target Market Cap. NVT Caps make up a fishnet that tends to converge at accumulation bottoms. (By Willy Woo)

AVERAGE CAP
This is the "forever" moving average of Market Cap. The cumulative sum of daily Market Cap values divided by the age of the market in days.

DELTA CAP
The Realised Cap minus Average Cap. Useful for catching the market bottom, and also as a timing indicator for market tops and the start of the bull phase by tracking its oscillation between Realised Cap and Average Cap. (Experimentally proposed by David Puell)

TOP CAP
The average cap multiplied by 35. Historically has matched market tops. (Experimentally proposed by Willy Woo in collaboration with David Puell)

INFLOW CAP
The cumulative value of all coins at the price they were mined.

FEES CAP
The cumulative value of all the fees paid on the network.

Those indicators by Willy Woo (TW: @woonomic) are great.
Each one of them is not built on it’s TA fuckery: every indicator has a rationale behind, something of “fundamental” analysis, not all of them must be truly reliable, but they surely help getting the whole picture. THEN if you really love TA you can draw all the channels on those indicators, but primarily there is common sense.

I used and analised those in my post Bitcoin Bearish or Bullish? Here my thoughts: FEBRUARY UPDATE

[_javier_]

http://charts.woobull.com/bitcoin-valuations/

Is it me or we are pointing downwards for the first time ever??  

[JayJuanGee]

http://charts.woobull.com/bitcoin-valuations/

Is it me or we are pointing downwards for the first time ever??  

It's you.

I have noticed that you have a kind of negative nancy pattern of seeing bitcoin price direction related things.

[JSRAW]

Coinbase users is it true? 



https://twitter.com/btcArtGallery/status/1103641195245256704

[Biodom]

The light that reflects off of cryptoqueen is indeed pleasant to perceive.

it's cryptoqueeen, apparently.
ask micg (or her) why the extra "e". IDK.

In other news:
Interesting fight in the alt land...
https://twitter.com/ameensol/status/1103739189529460736

Apparently some VC guy thinks that eth is "loosing its lead" whatever this means.
He probably means losing, albeit who knows, maybe its "lead" is getting loose (aka not tight), lol.

[BTCMILLIONAIRE]

Mic, show us your pics from El Nido, Palawan in the Philippines. It looks very nice, but I have read that some of the 'tours' only give you about 45 minutes in any one place.

Wanted to keep it quiet .... but cause you Ask.... i Will provid a few this evening

Its truely beautyfull down here, of-course the small town a bit dirty (with its charmes) but out town only green and beauty

IRL 10X more breathtaking ..... pic’s making it look more bad

Wasn’t plan to put in to much pic’s, but it was on request
Me sorry


And WTF is that red in BTC ?

(In the sea’s I saw 0 plastic or dirty things where i was) i did saw Some Holland peoples

Wow Mrs Goosens is a hottie 

Is for sure NO lie

Partially is if you keep refusing to put a ring on her finger.

[BTCMILLIONAIRE]

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

There's no way they can sustain 6.2% annual Bitcoin interest unless they pay it in fiat or virtually nobody deposits/stays deposited.

[BTCMILLIONAIRE]

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

seems untenable really.

but. i did look around the site. no taxable event moving a coin there (or out i presume?). interest paid in same crypto as deposit. 1099 tax form sent with interest made for tax purposes. so you are taxed only on the interest. not sure how they figure that in USD when interest was in btc..

if you dont mind losing it, might be worth a play (for some). 1 btc or 45 eth minimum.

of course "not you keys not your btc."

risky but if you dont mind losing it all it might be appealing to some. as it would earn 6% that the btc in yer cold wallet doesnt.

nice, till you lose 100% of it. ooops

I follow one simple rule. I never do any "business" with anyone if I don't understand their business model and exactly know how THEY are profiting in the dealing. As I can't see here how they could profit from it it's a no-go for me.

By using the deposited coins to trade. Which makes it anything but risk-free even if you ignore general counter-party risk and hacks.

[Biodom]

https://bitcoinist.com/gemini-backed-bitcoin-interest-account/

6.2% annual interest for a Bitcoin account sounds appealing. The idea is good and may attract many investors. But what if BlockFi turns out to be the new Bitconnect? Who cares that it is backed by Gemini?Any thoughts on this?

There's no way they can sustain 6.2% annual Bitcoin interest unless they pay it in fiat or virtually nobody deposits/stays deposited.

Sounds sketchy but some might take the risk (not me).

[El duderino_]

The light that reflects off of cryptoqueen is indeed pleasant to perceive.

it's cryptoqueeen, apparently.
ask micg (or her) why the extra "e". IDK.

This i also do not know.... gonna Ask her myself.

The light Will reflect less of her @the end of the vacation i guess... (we need to take Some Philippine colour)

What up with BTC? Never mind HM provided us the price road i saw.
So no need for live charts anymore just, just those 3 year times to follow and were good
(Could live with that HOPIUM injection)