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

[makrospex]

Hey brothers! So now we're waiting till BAKKT runs out of BTC they have in their initial stash? Mmmmkey...  

How big is the estimation of their initial stash? 'Cause it may take a while...

And btw, observing from inside the salt mine of Praid, RO.  

10k BTC.

A lot.

28 are taken by the time. C'mon, this ain't nothing... 

[Lambie Slayer]

now look, no homo, right, but it has to be said, micgoossens' eyes are the most beautiful eyes.
they are large and round and clear and intense
when he looks at you, you feel like a dude.
sorry, The Dude
is it any wonder then that he has attracted the most beautiful woman in all Belgium? the queen, in fact

obviously I have a lot to say about V8.....

For now i’m on my way home and Will just leave it with only telling you guys about his entrance....

So he walked into where we sit....

Hey, i’m V8 and 2 guys like i’m him or... and Then HM Said i’m HM, followed by V8’s response

No way, you’re not HM.... what a dissapointment

It was hilarious

This is great. Can we get some more funny stories please.

[Lambie Slayer]

If I was a powerful wizard with a magic scepter that could enslave mortal Central Bankers and put them under my spell, I would use this scepter to make the Fed print lots of money and call it POMO, OMO, QE, and lower interest rates to near zero. This would inevitably send my Bitcoin to 1 million usd each and beyond and make me a fabulously wealthy Wizard. Unfortunately I dont have this scepter, but bc Im a lucky SOB the Fed is fulfilling my fantasies by doing this of their own free will.

Damn plot twist, I thought you were going to make them give it all back  to the people  

LOL.

Yeah hate to break it to you Lambie but if BTC rises because the dollar is that drastically inflated, a million bucks just won't have the same ring to it any more.

If money flows into BTC because of the perceived reduction of the dollar's purchasing power, and not actual inflation to match, then yes that would be just dandy.

In other words, we are not going to get filthy rich by inflated FIAT (if we are not already), others will get filthy poor.

Might not be a win but definitely not a lose.

The Fed has already made most Americans into a new technologically advanced first world underclass in denial of their new status. This hypothetical sorcery on my end would just continue the trend until everyone gets so pissed that the multi hundred year central banking scam is brought to a halt by whatever means necessary.

Bitcoin has spent most of its existence with the zero rates, qe, pomo, omo, etc, that the Fed is now getting back to doing. Its just par for the course and I predict like last time the dollar will inflate and lose purchasing power but not in a Zimbabwe type fashion. More like a big mac cost 10-15 bucks, the year is 2026 and Bitcoin is at 1 million usd. Bitcoin has proven to make gains at an exponential inverse to dollar losses, no reason this trend wont continue imo. We dont need hyperinflation to get to 1 million, just status quo money printing by the elites.

No one said it would be easy for the nocoiners that refuse to join us.  

[lightfoot]

In other words, we are not going to get filthy rich by inflated FIAT (if we are not already), others will get filthy poor.

Might not be a win but definitely not a lose.

Yeah, it's a lose. While it's nice to be the one eyed man in the kingdom of the blind you still lose an eye and everyone else is a whole lot duller.

The trick is not to look at life as a zero sum game, but one in which the cooperation of all expand the size of the pie. Those are the only games really worth playing. zero sum ones are just a waste of time.

[erre]

28 btc traded on bakkt right now.

I would be very curious about WHO is buying  this coins... amounts are pity, but seems like some institutional player was ready to "play" with btc on bakkt launch...

[ivomm]

I still don't know how bakkt works. At first I thought they have bitcoins which they lend to the clients. Then I read somewhere that all bitcoins on bakkt are tranferred by the clients themselves. This would mean that bakkt is not an exchange and investors should find another way of bying bitcoins - from exchanges or OTC. Which is a bit dissapointing if it is true. The major concern of the institutions is how to securely buy and store bitcoins. If bakkt doesn't help them, then nothing is changed. On the other hand, the bitcoins locked in bakkt futures contracts are removed from the exchanges. I think that this was the plan of bakkt creators - to develop a regulated market which is immune to exchange arbitrages. With time, if the volume grows significantly, this may have a strong positive effect on the price. But for now with this pathetic volume 29 BTC this looks like hopium.

[VB1001]

BTC hard.

[_javi_]

It seems i´m not the only one not understanding Bakkt.  

We just have to let it run.. Slowly they are going to add spices to the Nothingburguer. (As if honeybadger cares anyway...)

[Febo]

Hey brothers! So now we're waiting till BAKKT runs out of BTC they have in their initial stash? Mmmmkey... 

Yup. We have time. We had been waiting only 3 years for famous Gemini exchnage to have some impact. It can happen anytime.

[LFC_Bitcoin]

WO meetup pioneers pithy motto: "our opsec is atrocious (except for a couple people) but we had a fucking great time and everyone was very cool".

Cool, who else was there? LFC, Mic, HM, V8 what about the rest?

no one?
lalala

Gentlemand and P_Shep have told

The rest = Unknown territory

Maybe more people will attend next time but you will be selectively chosen. Not just anybody gets invited to the brotherhood.

@V8 - I agree, our OpSec was really poor but I trust all of those that attended which is why potential WO Meet Up II Attendees will need to be heavily scrutinised by the board of WO Brotherhood.

[LFC_Bitcoin]

28 btc traded on bakkt right now.

I would be very curious about WHO is buying  this coins... amounts are pity, but seems like some institutional player was ready to "play" with btc on bakkt launch...

Wow, that’s pathetic.

[HairyMaclairy]

137 Daily MA.  Never closed below in the 2016 -17 bull.  

No pressure guys.




For the morbidly curious, the line is around $9866 and rising

[UNOE]

By the way good afternoon WO brother!
Bitcoins moving in between 4 and 5 figures
Current observation @ $10,020

It is confirmed..
Bakkt sucks!

It dumped the price to $9888 now.

[gallianooo]

TRAP ? 

[podyx]

TRAP ?  

[ulrich_zh]

Lol volume 34. That's funny
https://www.theice.com/products/72035464/Bakkt-Bitcoin-USD-Monthly-Futures-Contract/data?marketId=6137541

[NeuroticFish]

10k BTC.

A lot.

28 are taken by the time. C'mon, this ain't nothing...  

33BTC  reported now. Compared to the 10k and some traders' expectations this is less than nothing (figure of speech)

Edit: 34 indeed. Do the orders start moving or is it just wishful thinking?

[ulrich_zh]

10k BTC.

A lot.

28 are taken by the time. C'mon, this ain't nothing...  

33BTC  reported now. Compared to the 10k and some traders' expectations this is less than nothing (figure of speech)

Edit: 34 indeed. Do the orders start moving or is it just wishful thinking?

https://twitter.com/LilMoonLambo/status/1175806427119652867?s=20

[d_eddie]

10k BTC.

A lot.

28 are taken by the time. C'mon, this ain't nothing...  

33BTC  reported now. Compared to the 10k and some traders' expectations this is less than nothing (figure of speech)

Edit: 34 indeed. Do the orders start moving or is it just wishful thinking?

I'm not expecting a queue of customers, but let's give it some time. Institutional investors aren't the quickest to come around, and they usually only have business in, well, business hours. IF it's institutional investors actually.

[d_eddie]

The shakes are getting smaller and shorter, as if replicating the overall flag/pennant structure fractally on smaller timescales.

@nutildah, I asked for that methadone thingy, but they told me I must give up the WOT instead. Think I'll disregard.