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

[btcbeliever]

We are about due for a breakout to $12,000.

[JSRAW]

https://www.federalreserve.gov/newsevents/pressreleases/other20190805a.htm

"Federal Reserve announces plan to develop a new round-the-clock real-time payment and settlement service to support faster payments"

Follow up article

FedNow — US Federal Reserve Payment Tool a Threat to Banks, Not Crypto

Banks, not cryptos?

Notably, the Fed’s announcement starts with an emphasis on “the rapid evolution of technology,'' which enables the Federal Reserve and the payment industry “to modernize the nation's payment system and establish a safe and efficient foundation for the future.” However, neither the press release nor the enclosed FAQs make a single mention of Bitcoin, cryptocurrencies, Libra, blockchain or even digital currencies at large.

Indeed, it seems that FedNow wants to topple large banking institutions rather than cryptocurrencies. In fact, banking giants Citigroup, Bancorp and JPMorgan Chase have already started fighting the government’s new effort, as it seems to overlap with their own real-time payments system, the Clearing House, which the banks launched in 2017, following a cumulative $1 billion investment injection from those participating.

It is RIDICULOUS how bullish this is for Bitcoin. 

Don't know bro what to make out of all this, only time can clear the air or as @ fillippone says its fascinating article to read but utter nonsense.

They actually added a verse to Mahatma's old song:

First they ignore you...
Then they laugh at you...
Then they fight you...
Then they lose focus , forget about you briefly, and start cannibalizing each other and themselves...

Then you win.

About Mahatma's quote.

 

Just for clarification, Mahatma Gandhi never said this.

Can you elaborate?  And, edumacate us on this topic?

I have never read or heard this quote in his writing so far. Following quote " first they ignore.... then you win" is wrong and misquoted.

The actual/close quote is "First they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you." used by Nicholas Klein in a 1918 - US trade address-

Source 1

Source 2

[btcbeliever]

We are about due for a breakout to $12,000.

Excuse me I meant to say $13000.

[BitcoinGirl.Club]

I hate BitPay 😠

[Lambie Slayer]

Stockboyz getting rekt all over the globe today.

Wonder if Hong Kong riots might be the black swan we have been waiting for. Instability is always China's biggest fear.

Always fun watching Bitcoin hostile countries have a bad day.

Eisman has been reading WO

"And yes, he called them a black swan: "I think the potential black swan, if there is a black swan right now, is what’s happening in Hong Kong right now,” said Eisman on CNBC’s Power Lunch. “If things escalate even further in Hong Kong, that would have a real impact back on the global economy.""

https://www.zerohedge.com/news/2019-08-09/thats-what-im-worried-about-most-right-now-steve-big-short-eisman-reveals-next

[rebal15]

I know you'll hate me for this but is this the right time to get some shitcoins?   Maybe with the 0.5% of the crypto portfolio? It can surely go down a lot more but what if It goes up?  

XMR and LTC looks so cheap. Especially LTC. Shiet it is 0.007. I dumped mine at somewhere around 0.016 or 0.018 Wew! Feelsgood man. I can get back more than double of what I sold now but not sure If i really want them.

There will be a price point, it will become so cheap, some people won't be able to resist, no matter how pointless and shitty these alts are. It is all part of the speculation.

Maybe It is better to wait for the BTC ATH before making that decision and only then invest %1-3 in shitcoins.

*No need to mention: the aim is to get more bitcoins without getting bamboozled by the altcoin hodlers.
** I have that fuckface on ignore and I never ever read the post that quoted him. I advise you to do the same.

For me, the only alt I really bother with is XMR. I believe in that project and I like the devs.Been a great community from the start and continues to be so. I'd pick up some XMR if I were you and also maybe some LTC although technically I find it less interesting. Either way BTC is still the king

While most alts have been dumped, XMR and LTC have not been. I wonder why they left them. I don't think these two coins are going to perform well.

[JayJuanGee]

Some plans to take profits for hodlers in 2021 for very long term, and in medium term till the end of this year.

Here is my chart mentioned on one of my videos. Either utility is activated or we wait for 1 year for first moon shot of 7000%? This chart is a scenario if we follow previous market structure.

Here is the comparison of the trend from 2015 and 2019. We completed move A, now we are in move B. And this could even take till December to play out.

Seems to be suggesting more down before up? 

Personally, even though I agree that some more down before up could happen, I also believe that down before up is not a necessary condition precedent in order for more up to occur, currently.

[podyx]

Fakeout and beartrap?

What do you think?

[btcbeliever]

Fakeout and beartrap

What do you think?

I think it is sinking because I predicted a rise to $13000 less than an hour ago.

Seriously though, seems like a total roll of the dice guessing which way it will go.  I say now 50-50 that it goes up or goes down from there for the next week.

[El duderino_]

feels pumpy

I'm calling defcon 2 and moving to 5 minute candles

Reverse pumpy?

[fillippone]

feels pumpy

I'm calling defcon 2 and moving to 5 minute candles

Reverse pumpy?

Getting used to this.
The battle for 12k make the “Battle of Winterfell” look like a little playground skirmish...

[fabiorem]

Fakeout and beartrap?

What do you think?

Beartrap. And Im going to buy more.

[Negotiation]

We are about due for a breakout to $12,000.

Observing 1BTC=11348.50

other hand custom true 1 Bitcoin equals=1 Bitcoin always.

[Negotiation]

Fakeout and beartrap?

What do you think?

i think 2 lower point if dumping regularly otherwise no way to confused one day bitcoin price $50k+ Wake up one day.

[JSRAW]

Gentle push....

[alevlaslo]

[GreatArkansas]

Good evening from the other side of the earth.
I love this rhum especially when while doing some charts.
via Imgflip Meme Generator

[realr0ach]

[GreatArkansas]

https://i.imgur.com/1cbf0kF.jpg

Pullback or correction only.

[Cryptotourist]

#I.want.to.suck.Michael.Douglas.png

I hope you have already sold 90% of your gold, & seeking for a better price to go all-in on BTC.
Your sanity is on stake. Again.

Hodlers salute you: