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

[soxxx]

Why btc is going vertical?
Two possibilities:

1. We don't know something important.
2. We are being played.

I worry about the second, hoping for the first.
This is not something usual.

or everyone is taking their position and won't be selling until 6 digits.

Who would be selling right now?

HODLers? No
Miners? No
Institutions? No

It's the dawn of the new Era of currency.

[eddie13]

Today is the day for history books.

Screenshoting for posterity.

Still not as big as the 20k pump green candles..

It will be history (again) when the last pump is dwarfed on the charts (again) to where you can barely see the bump..

[jbreher]

This is unsustainable. The price will be under $10k before the end of the year, and stay there until Libra takes over. Bitcoin is done. Short bitcoin.

Merited for making me laugh. I'm borrowing the jbreher rule.

'Make me spew? Get a merit!'

[Ibian]

Why btc is going vertical?
Two possibilities:

1. We don't know something important.
2. We are being played.

I worry about the second, hoping for the first.
This is not something usual.

3. It's just the baby steps and you are girly man.

[Febo]

This is insane. How many daily +20% happened in last years? Trust me not many.   When we hit $20k, then real shit will start. 

[Last of the V8s]

[JayJuanGee]

Above $12k there is very little resistance to ATH and above. All the hard work has been done breaking $4k, $6k, $10k, $12k.
Which means that at this point either:
1) Moon, and then some. Or
2) This is where institutions dump on the Retail guys who are just getting brave enough to come back in after getting so badly burned in 2018.
Thoughts?

I'm sure there's gotta be some resistance somewhere along the line.

I alway thought that somewhere around $17,500 would have some resistance, when we start approaching the previous ATH... and since we are moving so fast, it seems that the resistance could come even before that.

Nonetheless, I am not going to put anything past BTC.  Certainly, our current ongoingly upwards price situation seems beyond almost any quasi-reasonable expectation.  So, yeah, a dump could come at any time, whether that dump is coming from institutions dumping on retail or anything else.. so what.. there seems little to no reason to give any shits about those kinds of conspiracy angles...  because in the end, even if some retail folks get burned, bitcoin seems to remain pretty solidly as a vehicle of the people... so in that regards, bitcoin has been open for any "people" to get in.. and sure, they would have had to have some access to information, which understandably is not available to everyone, especially people who might be less connected to internet ideas, but otherwise there has been decent access opportunities for regular peeps to buy.

[willope]

Why btc is going vertical?
Two possibilities:

1. We don't know something important.
2. We are being played.

I worry about the second, hoping for the first.
This is not something usual.

There's just one reason. HIM:


He doesn't want to eat his own dick live on TV next year.
So he pumps bitcoin.

[jojo69]

[HairyMaclairy]

https://blockchainwhispers.com/bitmex-position-calculator/

 

Holy fuck lol

[Spaceman_Spiff_Original]

https://blockchainwhispers.com/bitmex-position-calculator/

 

Holy fuck lol

Isn't that indicator total bs? I mean, it's futures right?  Not money being borrowed, but contracts that always have an equal amount of counterparties, if I am not mistaken.

[HairyMaclairy]

Is this a pump or news behind this run?

No news.  Only pump. 

HM, what the fuck is going on?
Are we going to hit $50,000 - $100,000 BEFORE the halvening?

I only call tops and bottoms.  This is not a top nor a bottom.  You are on your own !

[Last of the V8s]

https://www.reddit.com/r/BitMEX/comments/8t1w8n/is_there_a_bitmex_short_vs_long_statistic/
yeah total bs confirmed

[HairyMaclairy]

So what is this I hear about horror stories of people making a test transaction out of a large old wallet only to fat finger the unspent change into an incompatible, unspendable address type??

How can this possibly happen if you are using Core or Ledger or Trezor?

[mindrust]

Why btc is going vertical?
Two possibilities:

1. We don't know something important.
2. We are being played.

I worry about the second, hoping for the first.
This is not something usual.

1.

There will be war. Worldwide.

They blew it with the Dollar and the Euro and the Yuan and the Yen. All gone.

All want to be cheaper than the rest but the rest don't want to be the rest. They want to be the cheaper than the other rest.

Too many manufacturers, not enough markets/buyers.

All of these countries, including Switzerland, printed the shit out of their FIAT currency. Nobody wanted to experience real deflation.

Take cover, It is not coming, It is already here.

China was supposed to be a slave not a boss. If China becomes the Boss with the population of 1 billion people, It just means one thing:

WELCOME TO HELL (for everybody and every country except China)

*I am not hating China here, it is just the truth.

[Last of the V8s]

I only call tops and bottoms.

[hodl_2015]

It looks like the marked has decided that ATH was a fair market price, so get it over with.

[JayJuanGee]

330 btc wall on stamp now. someone does not want the price to move beyond $12500

Yes. been watching it. They are trying to force the price down while bitfinex is down because reasons

one needs 67 btc to move the price down 1% on stamp. but almost 400 btc to move it up 1%
never seen this. is it common?
http://data.bitcoinity.org/markets/books/USD

I think that is common when the price is moving a lot in one direction  The order books do not fill up on the downside fast enough, and it looks like there is a decent amount of resistance, but ends up being NOT.  Ends up being a good way for bears (and other sellers) to lose their coins with bulls having something to buy into.  hahahahahahahaha.. funny how that works... and works and works... until it doesn't.

Yes, surely most of us recognize that this outrageous UP cannot last forever, but "feels good man" while it is happening, especially for HODLers.

Let's see if it's only a dip or a bigger correction. Much needed imho.

I would say that it's not only much needed, but somewhat overdue...

An "overdue" that might not happen.

Pee pare ur selfie for UP, too...... NOT merely for down.     

Yes, this is bitcoin. As a long-time HODLer, I'm well prepared for UP and I don't want it to go down at all, but it's impossible. Such long uninterrupted ralies, while very fun to watch, eventually make me uneasy. There will be a dip sooner or later... but I'm also mentally prepared for it. $12600. That's a bit crazy, but again, this is bitcoin

No argument from me, and thanks for the clarification regarding your own personal stance..... in essence, you are not wishing for DOWN, but you are shocked like the vast majority of us regarding the extent of this ongoing and intense UP.

[HairyMaclairy]

Well funding rates are through the roof.  Normally 0.01%. But who cares.

[ip365]

well i think that we'll see dump action soon ... price correction have to be done !