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

[LFC_Bitcoin]

Hello Bitches, I am back! After my account got hacked in August 2018, I got it back today (thanks admins). So, ready for the next bullrun 

Welcome back my G.
The keys are in the ignition ready for the next bull run, glad to have you.

[1714020335]

1714020335

[1714020335]

1714020335

[Paashaas]

I can smell the FOMO in the air.

[HairyMaclairy]

There have been 3 notable golden crosses before today on the 50/200 Daily Moving Average.  They are as follows (look for where the red line 200 DMA crosses the yellow line 50 DMA from above).

Golden Cross in 2012
Price is flat during Golden Cross.  Price up by ~ 60% 3 months later



Golden Cross #1 in 2015
Price is falling during Golden Cross.  Price down by ~9% 3 months later




Golden Cross #2 in 2015
Price is rising during Golden Cross. Price up by ~45% 3 months later



Today's Golden Cross for comparison purposes
Price is rising during Golden Cross.



Analysis

So far, most traders seem to be assuming that today's Golden Cross will be like Golden Cross #1 in 2015, with the price crashing from resistance at $6k.  But the mood in July 2015 was very different from today.  Importantly, in 2015 the price had already started to crash before Golden Cross #1.  

Today's Golden Cross most closely resembles Golden Cross #2 in 2015.  Which suggests we could find ourselves with a price of increase of 45% within 3 months, which would be nudging $8,000 in July (and possibly a spike to 10,000 before that...)

[BTCMILLIONAIRE]

New poll should be, if CSW starts suing the trust for keys to the stash, since he has his own chain would you support freezing Satoshi coins on the BTC chain.

You are assuming a lot, aren't you?

You are assuming that the trust story is actually true, and if it were true, then whoever has the keys can do whatever the fuck they want with the coins, including dumping them all.

We don't need to DAO hardfork in bitcoin.  This is not ethereum, and the mere fact that some goofball like craig might gain access to such coins should NOT worry anyone.

It's a hypothetical based on their claims, would it be better if it was reworded to: what if two billionairs are not completely insane and actually have some logic to their madness? I'm having a hard time explaining their actions and timing, so dismissing it off to their stupidity feels like an easy way out. To me that's the biggest risk holding BTC back right now, everything else seems to be going as planned. Trusts cannot do anything with assets they hold but beneficiary can do whatever the fuck they want, and in the wrong hands BTC1MM can do a lot of damage. But as i answered my own question, if that has any merit to being true their first step would be proving that he's Satoshi in the eyes of the government. And if that were to actually happen we would most certainly fork to original and Satoshi's frozen stash chains the next day and then market would assign risks appropriately.

Never attribute to conspiracy what can adequately be explained by incompetence

Occum's Razor says the simplest explanation that Craig is lying about the trust, is the most likely explanation.

That doesn't explain why he would be lying.

It's not entirely implausible that real Satoshi is dead or locked up and CSW somehow weaseled himself into a position where either the public or an authority calling him Satoshi would grant him access to a trust.


Either way, time will tell what is going on. One way or another.

[JSRAW]

https://twitter.com/CryptoBull/status/1120385822447030272?s=19

May be this can explain why he's lying?

Crystal Ball is broken so it could be stupid perspective.

[kenzawak]

I have weak heart and confused mind so every stage looks trap to me and for me actual bull market starts from $15 k.

We breach psychological price barriers on the way up. I think $6,000 is one as that’s when we started to drop fast at the peak of the bear market, it was fucking horrible.

$8,000 is a big deal to me, I dunno why but it just seems like a big jump.

$10,000 is obviously a big sticking point, I think there will be people selling when we get there.

Then we have, as you say $15,000. The next one after that is a new ATH.

I’m not selling anything until north of $30,000 - $40,000.  

20k is the psychological barrier for me. I was just a noob 1.5 years ago (well I still am obviously) but I remember thinking "wow I made quite a lot with almost nothing... what if I had invested that amount of money instead of that one ?"... and now that I have (well not completely but it's getting there), I wanna know how much profit I can make with that... and then, I know that it won't stop until... well, the moon. Because at 20k or even 30k, I probably won't sell.

@JSRAW I know you heard it many times but I don't think it really matters what happens in the short term, if we get 5% or lose 5%... in a few years, we'll look back thinking how dumb we were worrying about a few hundred $.

[JSRAW]

Valuable advice are always appreciated in life. No matter how many times it's repeated by everyone. there is always someone who can take help from such advice. So thanks for sharing your thoughts.

It's applies on Experienced and noob both.

@nutidah you okay bro? Heard news about earthquake in Philippines

[Lambie Slayer]

New poll should be, if CSW starts suing the trust for keys to the stash, since he has his own chain would you support freezing Satoshi coins on the BTC chain.

You are assuming a lot, aren't you?

You are assuming that the trust story is actually true, and if it were true, then whoever has the keys can do whatever the fuck they want with the coins, including dumping them all.

We don't need to DAO hardfork in bitcoin.  This is not ethereum, and the mere fact that some goofball like craig might gain access to such coins should NOT worry anyone.

It's a hypothetical based on their claims, would it be better if it was reworded to: what if two billionairs are not completely insane and actually have some logic to their madness? I'm having a hard time explaining their actions and timing, so dismissing it off to their stupidity feels like an easy way out. To me that's the biggest risk holding BTC back right now, everything else seems to be going as planned. Trusts cannot do anything with assets they hold but beneficiary can do whatever the fuck they want, and in the wrong hands BTC1MM can do a lot of damage. But as i answered my own question, if that has any merit to being true their first step would be proving that he's Satoshi in the eyes of the government. And if that were to actually happen we would most certainly fork to original and Satoshi's frozen stash chains the next day and then market would assign risks appropriately.

Never attribute to conspiracy what can adequately be explained by incompetence

Occum's Razor says the simplest explanation that Craig is lying about the trust, is the most likely explanation.

That doesn't explain why he would be lying.

It's not entirely implausible that real Satoshi is dead or locked up and CSW somehow weaseled himself into a position where either the public or an authority calling him Satoshi would grant him access to a trust.


Either way, time will tell what is going on. One way or another.

Yes. It doesnt explain why so I will elaborate a bit on how I see it. I see a pattern with Craig of lying over and over in his pursuit of money, fame, and power. He also lies to protect his ego and save face, but it usually starts as a lie for the first three I mentioned. Following this simple pattern I make the simplest extrapolation that he is lying about the trust's existence for money, fame, and power. His big score the last few years was getting the financial backing of Calvin. Without this backing he would likely be broke. Calvin supports him bc imo he believes he is Satoshi. Lying about the trust is a great way to keep Calvin and others on the SV team bc he dangles the promise of dumping a million Bitcoins to buy ShitVision and pump it to high heaven, making Calvin and ShitVision brigade all rich while the WO team is pumping gas.

If the trust was real Craig, one of the biggest asswipes ever to walk the Earth would be rubbing proof in our face at every chance and trying to crash Bitcoin rn, he would not wait and suffer in anguish and rage like he is now. This is just simply the kind of piece of shit he is.

ShitVision is going to zero and Calvin will go down as an idiot and a sucker.




129 days into the new Baby Bull Market and all is well.


Tone Vays and Tyler are parasitic sacks of shit and should suffer for their doom calling.


Lets just say fuck it and pump this to 10k this week and rekt every bear beyond repair.

[HairyMaclairy]

Calvin doesn’t believe Craig is Satoshi.  Calvin knows that many will believe that Craig is Satoshi, and that is enough.

[HairyMaclairy]

^ https://bitcointalk.org/index.php?topic=178336.msg50730966#msg50730966

actually this coinbase/poloniex info-selling thing is getting seriously mysterious with 2 members confirming
witaf  

Old news.  Just everyone has forgotten because Coinbase scandals are so regular.  

https://decryptmedia.com/5488/coinbase-data-sold-executive-leak

“Our current providers were actually selling client data to outside sources and it was really compelling for us to get control over that and have proprietary technology that we could leverage to keep the data safe and protect our clients,” Sandler said.

[Lambie Slayer]

[JayJuanGee]

3% of American Retirees Own Some Bitcoin, While 33% Have No Idea What Bitcoin Is: Survey

https://cointelegraph.com/news/3-of-american-retirees-own-some-bitcoin-while-33-have-no-idea-what-bitcoin-is-survey

If I were in the United States, I would be part of the 3%, but with a difference, I am over 50 and I am not retired.

Waiting, fuckyourmoney.

we have members of those 3% here, self described.
For certain (small) %% of people, age is mostly not a factor.
They keep going and learn new things well into their eighties, maybe slowing down in the nineties.

Personally, I doubt that it makes much difference about your age, because most people, young or old, have few clues about what the fuck bitcoin is, even if they may have heard the name.

Young people might be willing to take a bit more risk with their investments, based on their timeline, but older people will generally have a lot more money that they can invest (at least move around their various investments, even if the investment habits of Americans is likely to be subpar, as compared/contrasted with their inclination to consume... or to gamble)

[HairyMaclairy]

once you have snake you never go back

One of my Naga friend say same thing about snakes and dogs.

So the thing about China is that their food handling is suboptimal.  

I was sitting in a hotel restaurant and ordered the fish.  About ten minutes later I hear some flapping wings behind me and look around for a bird that has somehow gotten into the restaurant.  Except it’s the waitress bringing me my fish in a wicker basket and it’s drowning in the air and flapping like a demented pigeon.  
‘Yes very fresh’ I say in my best Shanghaiese to her evident satisfaction as she pops the lid off the wicker basket showing me the struggling fish.  

Am in another restaurant a month later with some pals and one of them orders the fish soup.  I hear a flapping sound behind me.  The waitress rocks up with a big burlap sack that is flapping around and I take a look inside ready to say ‘yes very fresh’ to the fish.  But my pal neglected to mention he had ordered the python soup instead.  

And no, I didn’t go back. 

[xhomerx10]

“I was free for a moment. Probably the freest person in the world.” - Elwar

 

 Avatar-sized

 

 Godspeed U 2.


edit: Credit to MicG - it was his suggestion.

[Lambie Slayer]

Just some Hopium smoking thoughts, i dont really believe this will happen, but................

This will be the first halvening that the entire financial world knows what Bitcoin is. What if, induced by the end of rate hikes and quantitative tightening, institutions and retail soon start a massive front run on the next halvening that pushes us parabolic and takes us to 100k before the halving, only to have a massive dumpathon in the summer of 2020 with a brutal and heartbreaking   crash to 20k.

Rate hikes and QT helped push us to the 3100 low, so now that they are both ending, it is easy to imagine a violent rush to 6k, and then a risk-on environment induced, massive front run of the halvening that all the institutions are sad they missed last go around.


Smoked some more, high as fuck on Hopium and Fomo vapors and now I see it clear as day.

INSTITUTIONS ARE COMING - 100K SOON  

[JayJuanGee]

We are not going anywhere until we can break it at $5500. 

With price currently below $5300, would not just getting to $5500 be -- by definition -- going somewhere?

I just sold some BTC and some ALTs. it sucks watching the market eveyday.

Watching the market everyday is optional with BTC. 

In other words, you can long term invest into BTC.

I don't know what the fuck you are talking about in regards to alts, but as long as you keep them below 5% of your stash, you might not need to watch them, either.... granted, even 5% might be too much of an alt coin allocation, depending on how you proportion them.

[GreatArkansas]

This will be the first halvening that the entire financial world knows what Bitcoin is.

But, what if they are still not done buying cheap Bitcoins?
Or they already loaded their bags at the $3,xxx bottom?
$100,000 is too small for new ATH but before that, we should see first breaking our ATH at $19,xxx.

[Lambie Slayer]

[El duderino_]

“I was free for a moment. Probably the freest person in the world.” - Elwar

 

 Avatar-sized

 

 Godspeed U 2.


edit: Credit to MicG - it was his suggestion.

Very Nice gonna put that one on when i’m home

+1 merit

Cleaned out @the moment 

[JayJuanGee]

via Imgflip Meme Generator

Whole of BTC-world knows this story and everybody is with Elwar, just so Nice to read and to hear he’s ok....

GoGoGo Elwar and be safe!!!

Has a major media outlet picked it up yet?

I heard a story on NPR about it today.

I am surprised by a belligerent reaction to what is essentially building a floating house.
Not sure that I understand this.

Me either. What's the difference between that and an anchored sailboat?

An anchored sailboat is mobile... in spite of the anchor...