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

[LFC_Bitcoin]

This corn price-action is beginning to bore me.

Wake me up at $20k

$20,000 not until after the halving I think. Not too bad though, I’m certain we’ll see six figures before 2022. It’s just a waiting game, kind of like putting our best lives on hold until this thing moons (which it will).

Keep smiling Bob.

[bkbirge]

Mounting recognition of Bitcoin as a safe-haven asset is being spurred by the relevance of its non-sovereign characteristics amid an unpredictable geopolitical backdrop. The coin is “doing exactly what it's designed for today,” cryptocurrency and blockchain lawyer Jake Chervinsky argued earlier this week.
https://cointelegraph.com/news/bitcoin-price-correlation-with-gold-nearly-doubled-in-past-3-months

Seems to tie in to what some folks here were discussing earlier.


This is interesting, gov't hackers moonlighting at night?
https://cointelegraph.com/news/chinese-govt-hackers-are-targeting-crypto-companies-report

[Krubster]

I think the recent drop of $400 was due to the news of binance the biggest exchange being hacked and customer kyc information is in the cloud now.
https://bitcointalk.org/index.php?topic=5173312

That's from an old hack back in August last year. CZ confirmed this on Twitter earlier today
https://twitter.com/cz_binance/status/1158984801442910209

[realr0ach]

Haha.  The Zerohedge goyim know.  Anyone can create a new digital shitcoin out of thin air, but nobody can create another silver or gold in their basement.

[jojo69]

Golly

I guess these alts really can go to zero.

[jbreher]

Observing BTC @12,070 USD. whoops 11,690
Observing GOLD @1,502 USD. (highest point since April 2013)

Donald Trump sent Gold overshooting criticizing FED being too shy cutting rates (like 15 trln of negative yield bonds worldwide are not enough)

Some user would be celebrating for this move in Gold.
All other user know what bullish gold implies for their favourite asset and are celebrating too!

News of simultaneous pump in Bitcoin and in Gold is likely to cement the 'digital gold' narrative in the minds of the many.

[jbreher]

It was interesting to learn than Schiff's dad, Irwin, died in prison 3 years ago as part of his protest/boycott on federal income tax.

Fascinating. I had no idea they were related.

[bitcoinPsycho]

This corn price-action is beginning to bore me.

Wake me up at $20k

Wake me up at 24777 so I know where to send Some Corn at.

[fillippone]

Observing BTC @12,070 USD. whoops 11,690
Observing GOLD @1,502 USD. (highest point since April 2013)

Donald Trump sent Gold overshooting criticizing FED being too shy cutting rates (like 15 trln of negative yield bonds worldwide are not enough)

Some user would be celebrating for this move in Gold.
All other user know what bullish gold implies for their favourite asset and are celebrating too!

News of simultaneous pump in Bitcoin and in Gold is likely to cement the 'digital gold' narrative in the minds of the many.

Well, actually Gold continued drifting upwards, while bitcoin reversed back.

But really, we are observing blips in short term price that are really insignificant in the long run.

[rdbase]

I think the recent drop of $400 was due to the news of binance the biggest exchange being hacked and customer kyc information is in the cloud now.
https://bitcointalk.org/index.php?topic=5173312

That's from an old hack back in August last year. CZ confirmed this on Twitter earlier today
https://twitter.com/cz_binance/status/1158984801442910209

The news releasing today of what they known about for over a year is a little concerning. Wouldnt you agree?  
But still those hackers are in possession of all those customers information including government issued ids including passports which are good for 10 years!
Price of bitcoin is showing the sediment of those who are selling on binance so to get their funds off of there and close their accounts.

Not any good for binance man since they are the biggest exchange for those who consider it their goto cryptocurrency exchange being new to the hodl gang.

[_javi_]

/tinfoil hat on

It seems somebody is buying large chunks of corn, then sending corn abroad and selling on the other side.

/tinfoil hat off

..and they say BTC has no use 

[realr0ach]

Gold and silver right now are in an even more undervalued position than when gold went from $400 to $1900 and silver $7 to $50.  US debt levels are also going full hockeystick and so will the price of metals with it.  This really might be the "metals run you don't sell" because debt levels going full-blown hockeystick is usually the end and welcome to Zimbabwe time.  



People like Martin Armstrong claim the govt is going to go ballistic trying to shakedown citizens for huge taxes and steal all their money in nefarious ways.  That's complete nonsense.  The common citizen has zero money to steal.  You can't get blood from a stone.  Their only option is for the govt to raid billionaires at places like Apple, Google, and Amazon because they accumulated all the money, but it will never happen because they're connected and have their money offshore anyway.  So print to Zimbabwe it is (or go back to metals as money because this is the end).

[btcbeliever]

It was interesting to learn than Schiff's dad, Irwin, died in prison 3 years ago as part of his protest/boycott on federal income tax.

Fascinating. I had no idea they were related.

Peter Schiff published a moving memorial speech about his Dad Irwin.

https://schiffgold.com/commentaries/death-of-a-patriot/

[VB1001]

Op Ed: How Layer 2 Protocols Can Improve Bitcoin for Remittances

Bitcoin is mostly viewed as a store of value or as “digital gold” these days, but there is also a growing number of people who mainly use the digital asset for international money transfers. These people don’t care about being a cypherpunk. They just want to get money from point A to point B in the fastest, cheapest manner possible.

https://bitcoinmagazine.com/articles/op-ed-how-layer-2-protocols-can-improve-bitcoin-for-remittances

Nothing we don't know, but the more they talk about Bitcoin, the better.

[btcbeliever]

It was interesting to learn than Schiff's dad, Irwin, died in prison 3 years ago as part of his protest/boycott on federal income tax.

Fascinating. I had no idea they were related.

Peter Schiff published a moving memorial speech about his Dad Irwin.

https://schiffgold.com/commentaries/death-of-a-patriot/

Here is some great educational reading: https://www.paynoincometax.com/federalmafia.htm

[HairyMaclairy]

It was interesting to learn than Schiff's dad, Irwin, died in prison 3 years ago as part of his protest/boycott on federal income tax.

Fascinating. I had no idea they were related.

Peter Schiff published a moving memorial speech about his Dad Irwin.

https://schiffgold.com/commentaries/death-of-a-patriot/

Sorry I am going to call this out. This will be a highly unpopular post.

Dying chained to a hospital bed because you refuse to pay federal taxes is not the act of a patriot.

It is an act of greed, foolishness and stubbornness.  

Here is some great educational reading: https://www.paynoincometax.com/federalmafia.htm

Given he died in prison, maybe not such a good idea to follow his advice. 

[JayJuanGee]

Golly

I guess these alts really can go to zero.

Which one(s)? 

We have a lot of zombie coins, that's for sure.

[fabiorem]

Bitcoin down and gold $1488.  A sign from the gods.

What gods? The jews who control the gold market?

[AlcoHoDL]

/tinfoil hat on

It seems somebody is buying large chunks of corn, then sending corn abroad and selling on the other side.

/tinfoil hat off

It's pAmping again...

If what you're saying is true, it makes it so tempting to sell at the top of the Bart and wait for the dump to rebuy more corn...

Will I do it? Probably not. Why? 1. I'm a hardcore HoDLer. 2. I'm very unlucky in trading, when I sell at the top of the Bart, it will turn out to be the bottom of the mega-FOMO rise we are all waiting for...

tl;dr: HoDL.

[JayJuanGee]

/tinfoil hat on

It seems somebody is buying large chunks of corn, then sending corn abroad and selling on the other side.

/tinfoil hat off

It's pAmping again...

If what you're saying is true, it makes it so tempting to sell at the top of the Bart and wait for the dump to rebuy more corn...

Will I do it? Probably not. Why? 1. I'm a hardcore HoDLer. 2. I'm very unlucky in trading, when I sell at the top of the Bart, it will turn out to be the bottom of the mega-FOMO rise we are all waiting for...

tl;dr: HoDL.

Exactly.. hodl..

There is no such thing as selling at the top of the bart, except for looking at the bart on the chart after the fact, and saying that is when you should have sold.

In other words... like you already said (besides the theoretical waxing and waning) hodl.. You dummy.