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

[realr0ach]

I feel it coming.

All 2017 retail buyers are already gearing up for this one. Gonna be Epic.

They most certainly not, I did not get a single call, text about it from any mid-late 2017 buyers so far.
I don't feel much of a FOMO yet.

The official PPT plan is to rig upwards metals, stocks, and digital shitcoins all at the same time to try and inflate away bad debt.  The fact they believe they can not only prop up this stock bubble but make it even larger means they plan on face melting inflation.  I feel zero need to adjust my position to anything else besides metals with inflation resembling a currency crisis because something resembling a currency crisis means metals are the only place to be.

I don't know any specific maximum upside numbers here, but I assume it's going to be similar to the $200 to $1850 gold run over the span of 9ish years except probably a lot shorter time frame this time because they don't have the luxury of 9 years to prevent all this shit from imploding.  I assume roughly 9-10x gold and 20x silver if timed right, but maybe silver will surprise me and break far under 30-40 GSR this time.  

As for upside on digital shitcoins, as I've said a million times already, you cannot rig the price of Bitcoin to like $60k while cost of production is $3-6k.  People would never buy the $60k coins when they can just mine it for 1/10th the price.  The amount of mining would have to increase by an order of magnitude in order to rig the price upwards that much, and it would probably use more power than the entire United States, so the Bitcoin pump and dump scam really is butting up against the limits of the natural world.  People who make believe Bitcoin somehow has way better upside potential are going to be vastly disappointed.

[1714757397]

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[1714757397]

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[1714757397]

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[JayJuanGee]

Thusrday up the F***
JJG must, when tattoo Mr freeman?
Never stop playing!

Oh gawd.



 

[realr0ach]

JayJuanGee, your friend Anonymint made a Twitter account and now there's holocausts everywhere.  What do you have to say for yourself?

https://dailystormer.name/john-cusack-makes-anti-semitic-tweet-claims-a-bot-is-responsible/

[Toxic2040]

Try thinking happy thoughts r0ach...I dont see what it could hurt at this point. Put on some Bob Ross..have a beer...relax dude. Your killing yourself.

[yefi]

The sellers are drying up, lot of long term investors that won't sell until we see 6 digits.

Pretty much validated by the UTXO chart which shows long term hodl is back to 2015 levels: https://plot.ly/~unchained/37/bitcoin-utxo-age-distribution/#/

[jojo69]

go baby go!

[nikauforest]

10k Tonight? Go!

[rafanadal]

1 year 3 months since we last saw 5 digits, is tonight the night?

[lightfoot]

Just spent the evening out on a 100 foot yacht, and what makes me really smile is 9775 on stamp

[realr0ach]

Try thinking happy thoughts r0ach

Metals are breaking out.  I haven't been this happy since the Nazis liberated France.

[xhomerx10]

<-- MicG's 10k hat

Anybody want to help him out?  Pick one

[realr0ach]

Actually, calling it a "metals breakout" wouldn't be accurate since any idiot can tell it's PPT riggers slowly massaging the price upwards because they couldn't contain it anymore, otherwise silver would be moving much much faster instead of both metals going up the same percent so far.

[GreatArkansas]

https://i.imgur.com/DCiSUQ0.png  <-- MicG's 10k hat

Anybody want to help him out?  Pick one

https://i.imgur.com/1xmpvvn.png  https://i.imgur.com/DIl3QhQ.png https://i.imgur.com/R6bVqzU.png https://i.imgur.com/ArxpxJY.png  https://i.imgur.com/ksMTRqI.png https://i.imgur.com/uWwyQdL.png

This one has dope color, this is much better for me.

[Toxic2040]

go baby go!

Very well.





#btd's
1h


4h

#cryptouplift

[jonoiv]

go baby go!

Very well.





#btd's
1h


4h

#cryptouplift
[/quote

I don't know of any other instrument where traders will put that much effort into maintaining the price $666. Is $666 bullish or goatish?

I do like goatish The pull to $666 is kind of weird, I think its been the stickiest point on the charts so far and that's become a trend but the first few times around it screamed of manipulation. $13 had an awful lot of pull too but if it was just the draw of a well know figure then $69 would also have been a sticking point (as would the 8's on the Chinese exchanges). It strongly suggests someone taking advantage of superstition, the kind of someone that believes the Christian god is on their side and is unaware those figures will be more inclined to stir interest from younger generations than to dissuade them, I'm thinking knights of templar and the holy wars here. Pure tinfoil but some sort of explanation is needed for the amount of funds expended on maintaining that figure.

I'm leaning towards confirmation bias - you look for the price to approach 666 since it seems significant, but don't notice if it hovers around some other number much more reliably.

That said, the idea some practitioner of The Art somewhere might have been an early adopter and is now using the wealth gained for ritual purposes - or as a joke, if there's a difference - makes about as much sense to me as the whale conspiracy theories that get thrown around here.

you call it confirmation bias, I just see human nature.

also, new charts.



I stupidly hit refresh so I had to re-draw the lines, huobi bottom line is much more aggressive in this set, looks most likely to be broken. also bitstamp still the hardest to draw.

btc-e still charts like a champ! 

[soxxx]

The sellers are drying up, lot of long term investors that won't sell until we see 6 digits.

Pretty much validated by the UTXO chart which shows long term hodl is back to 2015 levels: https://plot.ly/~unchained/37/bitcoin-utxo-age-distribution/#/

Good, between this, the halving, the normalization of crypto, the price will surge to unprecedented levels because the demand will be through the roof and the bitcoin available for sale will be very small quantity.

[infofront]

Actually, calling it a "metals breakout" wouldn't be accurate since any idiot can tell it's PPT riggers slowly massaging the price upwards because they couldn't contain it anymore, otherwise silver would be moving much much faster instead of both metals going up the same percent so far.

*yawn*
Bitcoin is up 300% for the year. Let me know when your analog Bitcoin can compete with that.

[jonoiv]

Actually, calling it a "metals breakout" wouldn't be accurate since any idiot can tell it's PPT riggers slowly massaging the price upwards because they couldn't contain it anymore, otherwise silver would be moving much much faster instead of both metals going up the same percent so far.

*yawn*
Bitcoin is up 300% for the year. Let me know when your analog Bitcoin can compete with that.

calm down adam

[jojo69]

Well,

I, for one, think that 3100 was a nice healthy pullback, things were getting a trifle overheated there at 20K.

With that out of the way we return you to your regularly scheduled march toward global reserve currency.

[soxxx]

We are now 11 months away from the halving. Dread it, run from it.......destiny still arrives