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

[Phil_S]

Five figures is so much better than four.

Confirmed as truth.


In other news, the media gets really creative (or really desperate) with FUD:
https://twitter.com/CNN/status/1145402888635727872

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[JSRAW]

Who wants to move to Venezuela for a year and get their mine on
I’d consider it if I was single & a couple of us went into business together.

They mine bitcoin in Iran already within their mosques due to the free electricity they have so why not?
They get over $260,000 worth of bitcoins and it all goes towards their place of worship.
https://cointelegraph.com/news/iran-bitcoin-miners-set-up-shop-in-mosques-amid-govt-crackdown
&
https://www.express.co.uk/news/world/1146669/iran-mosques-bitcoin-safe-houses-hiding

Update

Iranian Government Seizes Bitcoin Mining Operations

[JayJuanGee]

"Wall Observers" is a place of pure fun anyways (except for 1000+ words long posts of JJG).

Largely, you have control over your own destiny Raja.. .one of the benefits of life... , which means that you and only you have discretion in regards to choosing what you read or not.  

Haha, yeah, you're correct. I think I've skipped your posts the most on WO till now anyways.

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JK mate. You're probably the most interesting person in this thread. It'd be 90% shit and 10% good here if you weren't a part of this thread (right now, I guess it's fine if we just call WO 50% shit and 50% good).

Fair enough about reading or not reading posts.

For sure there is a mixture of good, not so good, bad and other variants... .. Also, some days, it is easier to read than others.  Some days, no body can keep up with nuttin, so I would expect only a few people actually read most posts on most days, unless s/he/it really did not have anything else to do.

Even though I post a lot, and some peeps have labelled me as a bot, I still have some other things that I do.  Believe it or no.    

[d_eddie]

Funny how one of these guys looks like Mr. Bitmex.

Image from https://bitcoinmagazine.com/articles/cartoon-cryptos-different-faces

[JayJuanGee]

could it be somehow that we're currently watching the burst of a mini bubble between the last major bubble and the next major bubble after halving in 2020? maybe it was to early for the next real bubble.

I doubt it.   You seem to be giving too much benefit of the doubt to bear narratives and or bitcoin is a bubble FUDsters.


We are just experiencing a normal correction that comes from a short-term period of too much exuberance.  You saw that exuberance from a few days ago, no?   Outrageously excessive for a period of time, so we could hardly have expected that level of excessive exuberance to NOT correct at some point.

We need a 30% correction, I agree this is normal, if it corrects 50%+ ill start to worry.

I largely agree with the points that you are making; however, I doubt that "we need" any certain or specific level of correction, such as 30% in order for price continue up, but at a certain point, it just seems to become almost inevitable that the buys are just not going to be able to keep up with the price, especially when the price is moving up so god damned fast.. especially once the price broke above $10k, then she just did not want to stop going up... until she did.

50% is going to start to make me nervous, too, even though 50% would not really be too outrageous, given the fact that largely we did more than a 3x from April 1 (which was less than 3 months at the time of the current $13,880 top) without very many breaks in the midst of that mostly UP movement.

[rdbase]

Funny how one of these guys looks like Mr. Bitmex.

Image from https://bitcoinmagazine.com/articles/cartoon-cryptos-different-faces

I actually like this one because it shows all the major players in the crypto game arent all who they appear to be.


This just might be the reason why satoshi doesnt want to be revealed so to be put in the same category as these people.

[DeathAngel]

You could say the whole dump was artificially manufactured & possibly the people who orchestrated it don’t want us to stay below 10k. Suspiciously pumped as soon as we touched the 9k’s.

Hmmmmm!

[El duderino_]

You could say the whole dump was artificially manufactured & possibly the people who orchestrated it don’t want us to stay below 10k. Suspiciously pumped as soon as we touched the 9k’s.

Hmmmmm!

Just a mindF*** with the opening of Q3 list

No one knows over there how bullish to make there guess

[jojo69]

You could say the whole dump was artificially manufactured & possibly the people who orchestrated it don’t want us to stay below 10k. Suspiciously pumped as soon as we touched the 9k’s.

Hmmmmm!

yeah...that double bottom looks fishy

[criptix]

You could say the whole dump was artificially manufactured & possibly the people who orchestrated it don’t want us to stay below 10k. Suspiciously pumped as soon as we touched the 9k’s.

Hmmmmm!

[Spaceman_Spiff_Original]

Lol, so true.

[Raja_MBZ]

~snip~

Fair enough about reading or not reading posts.

For sure there is a mixture of good, not so good, bad and other variants... .. Also, some days, it is easier to read than others.  Some days, no body can keep up with nuttin, so I would expect only a few people actually read most posts on most days, unless s/he/it really did not have anything else to do.

Even though I post a lot, and some peeps have labelled me as a bot, I still have some other things that I do.  Believe it or no.    

That's cool. Your posts are too good to be written by a bot; I believe that you're a smart man of 30s.

However, talking about bots, I must say that bots can probably do anything if they are capable of doing this:

[ivomm]

This "correction" starts to smell fishy to me. It all started with 800 BTC sell on CB that caused the crash from 13880. There is something suspicious in the way the sells are executed in CB in the last few days. Each time Bitstamp shows buying activity, some fat sell order on CB brings down the price with 3-4%. It looks as if some whale was in a hurry to unload tens of thousands of bitcoins in 11-13K area. And of course the weak hands follow with their panic sells. It may as well be a coordinated bears effort to look like the 2018 long and nasty crashes, but it happens too quickly.  They may try to produce an awful chart, so that trolls will explain how Bitcoin is doomed. But at the same time they hope to cheat the n00bs to sell their precious coins before the halving. If some trolls are telling us that Bitcoin won't go beyond the ATH, they are lying. They know it as much as we do!

[Raja_MBZ]

TD Ameritrade-Backed ErisX Gets Green Light to Settle Futures in Bitcoin

https://www.coindesk.com/td-ameritrade-backed-erisx-gets-green-light-to-settle-futures-in-bitcoin

[El duderino_]

~snip~

Fair enough about reading or not reading posts.

For sure there is a mixture of good, not so good, bad and other variants... .. Also, some days, it is easier to read than others.  Some days, no body can keep up with nuttin, so I would expect only a few people actually read most posts on most days, unless s/he/it really did not have anything else to do.

Even though I post a lot, and some peeps have labelled me as a bot, I still have some other things that I do.  Believe it or no.    

That's cool. Your posts are too good to be written by a bot; I believe that you're a smart man of 30s.

However, talking about bots, I must say that bots can probably do anything if they are capable of doing this:

https://www.youtube.com/watch?v=D1CgGxPWyI0

This robot?

[criptix]

TD Ameritrade-Backed ErisX Gets Green Light to Settle Futures in Bitcoin

https://www.coindesk.com/td-ameritrade-backed-erisx-gets-green-light-to-settle-futures-in-bitcoin

Rip bitmex

[JayJuanGee]

TD Ameritrade-Backed ErisX Gets Green Light to Settle Futures in Bitcoin

https://www.coindesk.com/td-ameritrade-backed-erisx-gets-green-light-to-settle-futures-in-bitcoin

Rip bitmex

Bitmex has a headstart, so I will believe it when I see it.

In other words, the death of bitmex has been highly exaggerated.   

[gentlemand]

Bitmex has a headstart, so I will believe it when I see it.

In other words, the death of bitmex has been highly exaggerated.  

And Poloniex was the world centre of altland once upon a time.

Look at it now.

Money has no conscience and most definitely no loyalty.

[d_eddie]

No margin positions on ErisX. And Bitmex is theoretically off limits for US citizens. So there isn't too much overlap.

[rebal15]

how this market works. anyone will be rich.

https://twitter.com/ImShillGates/status/1143751749737570304