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

[El duderino_]

Don’t mind the spirit of the true WO-members

Its always positive

[1715144320]

1715144320

[1715144320]

1715144320

[1715144320]

1715144320

[El duderino_]

The ongoing Argentine devaluation is heartbreaking:

100 Pesos

= 20.2 USD (Jan 2013)

= 14.2 USD (Jan 2014)

= 11.6 USD (Jan 2015)

= 7.5 USD (Jan 2016)

= 6.3 USD (Jan 2017)

= 5.2 USD (Jan 2018)

= 2.6 USD (Jan 2019)

= 1.7 USD (Now, Aug 2019)
https://twitter.com/matthuang/status/1161663210392436738?s=21

People Will realise....

[lightfoot]

An autopsy found that financier Jeffrey Epstein sustained multiple breaks in his neck bones, according to two people familiar with the findings, deepening the mystery about the circumstances around his death.
Among the bones broken in Epstein’s neck was the hyoid bone, which in men is near the Adam’s apple. Such breaks can occur in those who hang themselves, particularly if they are older, according to forensics experts and studies on the subject. But they are more common in victims of homicide by strangulation, the experts said.

They need to check Waze, there was probably a traffic jam outside his cell with various operatives trying to get in there to kill him.

Who strangled Epstein? Everybody.

[hd49728]

https://www.tradingview.com/chart/BTCUSD/3l1JOd99-Wedge/

The next 24 hours is extremely critical. Go down and say hello to $7.5k, we better jump up now.

edit: mini jump from 9.5k to 9.8k. I just bought before the jump another $100  

I feel more interesting with the horizontal line at $8000. When people panicly sell at the range of $8000, we might see the next dump to $7.5k, and that time we might see last chance to buy cheap bitcoin, this year. If it happens, next 10 weeks, someone still miss it, will have never have other chances to buy cheap bitcoin. When really big bull run starts, bitcoin will fastly break $20,000. Nevertheless, I don't think that bull run will happen sooner that middle of December this year.
For now, enjoy the bounce, just be careful.

[fillippone]

Time to hit F9, Gabor: negative yielding bonds just hit 16 Trillions USD.

‘Time for Plan ₿,’ Says VanEck Exec as Negative Yield Bonds Hit 27%

According to Deutsche Bank, 27% of global bonds traded are now negative yield, so expected to pay out less than their initial cost.

Negative yield bonds dwarf Bitcoin market cap

This represents $15 trillion worth of debt. Or as VanEck digital asset director, Gabor Gurbacs, commented Aug. 14, this is 75 times the total Bitcoin market cap.

“It’s time for Plan ₿!” he adds.

Whilst currently this phenomenon is limited to certain European countries and Japan, all eyes are on the U.S. Federal Reserve to see if it follows the trend.

Meanwhile, ex-chairman of the Fed, Alan Greenspan, told Bloomberg on Tuesday that there is no barrier to Treasury yields falling below zero. This prompted Bitcoin perma-bull, Max Keiser to tweet that “Bitcoin has no top because fiat has no bottom.”

[El duderino_]

10K closing in ...... 

[Saint-loup]

As The Largest Crypto Exchange Goes Offline, Bitcoin And Altcoins Crash To New August Lows

The cryptocurrency market lost around $25 billion today, as Bitcoin and all major large-cap altcoins plummeted heavily. This happened right after Binance, the world’s largest cryptocurrency exchange went down for scheduled maintenance.

Bitcoin, for once, broke below the $10,000 level in a heavy plunge upwards of 7% at the time of this writing.

Awkward Timing Once Again

All of this happened after Binance, the world’s largest cryptocurrency exchange, went off for a scheduled maintenance in order to perform a system update.

In any case, the maintenance was intended to go for 6-8 hours, which is a considerable amount of time during which deposits, withdrawals, and trading is halted.

As Cryptopotato reported in the past, scheduled maintenances of the kind are an excellent opportunity for Bitcoin price manipulations by whales. Traders don’t want to stay out of control only to find their positions forced liquidation at the time the exchange goes back up.

Moreover, there is also a possibility for serious arbitrage trading because of the severe price difference before and after Binance went offline.

https://cryptopotato.com/as-the-largest-crypto-exchange-goes-offline-bitcoin-and-altcoins-crash-to-new-august-lows/

https://www.binance.com/en/support/articles/360032315391

[El duderino_]

https://m.hln.be/geld/economie/beurzen-kleuren-rood-door-vrees-voor-recessie~ab5bc0ee/

Belgium news..... start talking about a probably recession and everything is turning red etc

Then I was Reading, suddenly they where writing that BTC also went down a bit from 12 to 9.7K
Questioning if BTC is a safe heaven or absolutely not.....

[VB1001]

On August 15, 1971, President Richard Nixon closed the gold window to foreign countries, meaning they no longer could exchange dollars for gold.

The Federal Reserve had printed so much money that there was
a run on gold at the Treasury by foreign central banks. (Americans at the time couldn't own gold thanks to a ban by Franklin Delano Rosevelt.)

The printing of money also caused accelerating price inflation in the United States that Nixon tried to battle. But instead of putting pressure on the Federal Reserve to stop printing money, on the same day he closed the gold window, he also imposed a wage and price freeze.

https://www.economicpolicyjournal.com/2018/08/this-week-in-economic-history-nixon.html

August 15, 1971 / Aug-15-2019

Lets go 10,000 BTCitcoin

[El duderino_]

9 9 7 7 bucks
Mothersday in Belgium now
So a day off here

[fillippone]

On August 15, 1971, President Richard Nixon closed the gold window to foreign countries, meaning they no longer could exchange dollars for gold.

The Federal Reserve had printed so much money that there was
a run on gold at the Treasury by foreign central banks. (Americans at the time couldn't own gold thanks to a ban by Franklin Delano Rosevelt.)

The printing of money also caused accelerating price inflation in the United States that Nixon tried to battle. But instead of putting pressure on the Federal Reserve to stop printing money, on the same day he closed the gold window, he also imposed a wage and price freeze.

https://www.economicpolicyjournal.com/2018/08/this-week-in-economic-history-nixon.html

August 15, 1971 / Aug-15-2019

Lets go 10,000 BTCitcoin

The day America Defaulted his obligations to the world.

[600watt]

never gonna see sub $10k prices again. 

 

[bakasabo]

never gonna see sub $10k prices again. 

 

You know how they say:

[btcbeliever]

never gonna see sub $10k prices again. 

 

I would be very happy it that were true.
I have a fraction of my btc hoard loaned out to celsius.network at 4.6% annual interest,
Paid weekly in btc
I sell it as soon as I get it, since I'm retired (thanks solely to btc).

[fillippone]

This.
This is the most convincing reason for the Bitcoin dump, that looked totally asynchronous to all other things happening in the world (Gold and China, in the first place). I saw this am via Twitter, but here there's a good recap.

Did Chinese Ponzi Scam Cause Bitcoin To Tank 10%?

One possible factor floating around the crypto sphere this morning is a Chinese Ponzi scam that resulted in the loss of a substantial sum of Bitcoin. Founding partner at Primitive Crypto, Dovey Wan, has been busy on twitter today with news that PLUS Token team members have been arrested.

The likelihood of this having any impact on wider Bitcoin and crypto markets is still being debated. The story is not even being reported outside of China at the moment and Wan appears to be the only source of information aside from a from a six week old SCMP story.

Founding partner at Adamant Capital, Tuur Demeester, has hinted that the sums involved could have wider implications on markets;


“If true, we’re talking about a 200,000 BTC heist here… +1% of circulating supply, worth over $2 billion today.”

This am I also saw this Twitter thread, where someone stated some gang members, stil at large, are trying to cash out sending clips of 100 BTC to binance:

https://twitter.com/DoveyWan/status/1161703702270365696?s=20

I couldn’t find the chat but starting a few days ago, Chinese traders are saying someone has been dumping 100BTC non-stop on Binance, will post here once I find the chat detail.

Which i suspected related to PlusToken as well

[btcbeliever]

never gonna see sub $10k prices again. 

 

I would be very happy it that were true.
I have a fraction of my btc hoard loaned out to celsius.network at 4.6% annual interest,
Paid weekly in btc
I sell it as soon as I get it, since I'm retired (thanks solely to btc).

Until last week was 4.6%. now it's 3.75 %

[Saint-loup]

This am I also saw this Twitter thread, where someone stated some gang members, stil at large, are trying to cash out sending clips of 100 BTC to binance:

https://twitter.com/DoveyWan/status/1161703702270365696?s=20

I couldn’t find the chat but starting a few days ago, Chinese traders are saying someone has been dumping 100BTC non-stop on Binance, will post here once I find the chat detail.

Which i suspected related to PlusToken as well

Binance was offline during the crash under $10 000 as you can read in my post above (and now Binance has reopened, BTC is back above $10 000) so it's unlikely to be the right explanation.

[fillippone]

This am I also saw this Twitter thread, where someone stated some gang members, stil at large, are trying to cash out sending clips of 100 BTC to binance:

https://twitter.com/DoveyWan/status/1161703702270365696?s=20

I couldn’t find the chat but starting a few days ago, Chinese traders are saying someone has been dumping 100BTC non-stop on Binance, will post here once I find the chat detail.

Which i suspected related to PlusToken as well

Binance was offline during the crash under $10 000 as you can read in my post above (and now Binance has reopened, BTC is back above $10 000) so it's unlikely to be the right explanation.

The fact they were referring to is several days old...
Might be binance had enough liquidity to absorb the sales, while with binance closed, selling 100 btc elsewhere was enough to move the market.

[El duderino_]

https://m.youtube.com/watch?v=M3TzVgGyBFs

Pretty sure many people doing this at the moment.... Made me laugh very hard

[realr0ach]

Jewish controlled company Google strikes again:

https://dailystormer.name/google-blacklist-leaked-after-google-congress-it-didnt-exist-daily-stormer-at-the-top-of-it/