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

[makrospex]

Good evening at $10.009  
I've seen higher figures today.
Daily still looking good, continuing yesterdays trend.
I'll wait one more green daily candle with short wick to feel safe.

[willope]

Good chart, comforting.
But nothing "seems to be sure"
She does what she wants.

#haiku

Speculation is just that. Guessing.
Wamhen do what they want. Btc goes up on the long term.

[BitcoinNewsMagazine]

Bitcoin is about to kiss $10,000 as per preev,Is there any resistance to break?

As long as $10000 holds next major resistance is at $10235 then $11120 on Bitstamp see the daily chart:



Bitcoin price also tends to respect Fibonacci retracement levels shown on the chart below:



Considering the M top in the daily chart I think we have a near term bearish bias and the odds are greater we visit the middle Bollinger Band on the weekly chart before continuing to advance. Hope I am wrong but that would mean a drop to about $7900 currently. Sooner or later during a new bull market price tends to test the weekly middle BBand:



Actually a trading range $9000 to $10000 for a month or so to build momentum would be good letting the middle Bollinger Band rise to price. Can't rule out a flash crash to $8000 though we have all seen that before.

[El duderino_]

via Imgflip Meme Generator

A few Will get this one

[El duderino_]

Bitcoin is about to kiss $10,000 as per preev,Is there any resistance to break?

As long as $10000 holds next major resistance is at $10235 then $11120 on Bitstamp.

So Lets crush them

[Biodom]

The SEC will start to mine some btc soon...  

The SEC Set To Begin Running Bitcoin and Ethereum Nodes

The US Securities and Exchange Commission is looking for quotes from contractors who will run the Ethereum and Bitcoin nodes for them.

What is the motivation behind the move?

Moving forward, the contractors will have to make additions of new blockchains as the SEC requires. The SEC has, however, not given any valid reason as to why it wants to operate its own nodes. The only explanation the agency has provided is stating that the objective is to support monitoring risk, compliance enhancement as well as to inform SEC policymaking on digital assets.

The SEC will ramp up its analytics to aid its blockchain complaisance investigations and monitoring. In essence, they have stated that the subscription will collect blockchain data from the various hosted nodes instead of offering the data through blockchain explorers.
https://cryptoiq.co/the-sec-set-to-begin-running-bitcoin-and-ethereum-nodes/

They will spam everyone who makes decent size txs; remember that 1-100 sat spam few years ago.
That was also "monitoring", I guess.

[El duderino_]

Sitting at the car dealership for a couple hours, waiting on an oil/filter change and State Inspection.

Observing $10,072 USD @ Gemini.

Grow corn, grow.

Damn BoB change dealer a couple of hours wtf are they doing ....

[fillippone]

Guys,
I just updated my monthly recap!
Bitcoin Bearish or Bullish? Here my thoughts: JUNE UPDATE (+POLL)

Feedback from the Wo Family more than welcome!

[_javi_]

via Imgflip Meme Generator

A few Will get this one

Money Heist reference.. lol, nice one, goose.


oh btw.. observing 5 digits and being happy.

go BTC go!!!

[mindrust]

BOO YAA

The FED cut the interest rates by .25% and surprisingly, EUR/USD (1.1111 right now) is dumping  yuuge. I thought the opposite would happen. This looks bad for the central banks.

They did this to stop USD from gaining strength and USD is just replying with a "fuck you".

The end is nigh. (for FIAT) Buy bitcoin.

EDIT: LOOOL WTHAT THE FLYING FUCK, EUR is 1.1108 and gold is -%0.41!

Edit2: BTC stays strong at $10k.  

1.1084 $1419

[jackbauercsgo]

Fed cut rates 0.25 % today

Speculate away oh speculation board

[fillippone]

Gold reacted badly to the news, selling off with rates. Now it's bouncing back to day High.
Bitcoin doesn't give a f.ck.

Anybody noticed it is the first (and first one of a series) FED cut since 2008?
This means it's the first FED easing cycle since Bitcoin came into existence, challenging low interest rates world.

Good luck central Banksters!

[willope]

Who cares about fiat shitcoins?

Bitcoin doesn't give a f.ck.

That's all.

[HairyMaclairy]

Stop the presses...

https://twitter.com/Excellion/status/1154985452127916032/photo/1

Last time pro-Bitcoin news like this started in China, was mid-2013..

What’s the reverse of FUD?  PAMP?

I refuse to buy into this Chinese PAMP.  

Edit:  however I do buy Fed PAMP.  Go the Fed!

[OROBTC]

Gold reacted badly to the news, selling off with rates. Now it's bouncing back to day High.
Bitcoin doesn't give a f.ck.

Anybody noticed it is the first (and first one of a series) FED cut since 2008?
This means it's the first FED easing cycle since Bitcoin came into existence, challenging low interest rates world.

Good luck central Banksters!

Excellent observation.  

Gold has traditionally done well in low interest (and lowering interest) environments.

It will be very interesting to follow BTC price in the weeks to come.  It will, after all, be easy to remember today's price ($10k) when Powell and Company cut the Fed Funds Rate.

[kurious]

Good chart, comforting.
But nothing "seems to be sure"
She does what she wants.

#haiku

Oh mistress Bitcoin
Your butterfly path we plot
Fly up to the stars

#haikubackatcha

[HairyMaclairy]

What is more likely is that several computers or servers were used to mine the first million coins. Since there were no pools, each mined coin comes from a wallet on different computers.

Multiple computers can all use the same wallet. But the nonces on the blocks indicate that they came from a single "system" that was very fast, probably some sort of pool-like configuration.

Or the difficulty was low

No. The nonces in each won block indicate that the vast majority of mining power in the first days was definitely coordinated.

How is that inconsistent with low difficulty on a single laptop?  

Even if multiple machines, which I doubt, I don’t know how you can say with confidence that sequential nonces aren’t just crappy code shared by all machines.  To state the bleeding obvious, if all clients count their nonces starting at “1”, and then “1 + 1” etc, your blockchain will have a series of nonces counting in order. 

None of this pool conspiracy theory makes any sense.

[Febo]

Meanwhile another lil pump? 

Bitcoin derivatives provider LedgerX announced it has launched the first physically-settled bitcoin futures contracts in the U.S. Wednesday.


It looks like BAAKT hype was not so silly after all.  LedgerX launched earlier and it seems pushed price of Bitcoin up.

[HairyMaclairy]

Incidentally, it is working splendidly so far.

Yeah jbreher, splendidly is far from a couple of recent reorg occasions.

With no known negative consequences.

eta: Other than the loss of the coinbase tx revenues for the initial orphaned miners.

Right, why would it have any negative consequences since nobody uses it, dah?

Way to completely miss the point. Again.

All the txs (again, save for the coinbase tx of each orphaned block) were ultimately included onchain.

Nevermind the obvious blatant lie that "nobody uses it". Is this what substitutes for honest discourse in your pathological mind?

Thanks Craig for sorting that out.  We don't know what we would do without you.

[HairyMaclairy]

The SEC will start to mine some btc soon...  

The SEC Set To Begin Running Bitcoin and Ethereum Nodes

The US Securities and Exchange Commission is looking for quotes from contractors who will run the Ethereum and Bitcoin nodes for them.

What is the motivation behind the move?

Moving forward, the contractors will have to make additions of new blockchains as the SEC requires. The SEC has, however, not given any valid reason as to why it wants to operate its own nodes. The only explanation the agency has provided is stating that the objective is to support monitoring risk, compliance enhancement as well as to inform SEC policymaking on digital assets.

The SEC will ramp up its analytics to aid its blockchain complaisance investigations and monitoring. In essence, they have stated that the subscription will collect blockchain data from the various hosted nodes instead of offering the data through blockchain explorers.
https://cryptoiq.co/the-sec-set-to-begin-running-bitcoin-and-ethereum-nodes/

Anyone here want to charge the SEC $100k a month to run a node for them?