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

[LUCKMCFLY]

Well, let this be the springboard for the good ... the Good Rally--

[1713249315]

1713249315

[1713249315]

1713249315

[Arriemoller]

Ignoring again
Safe space is getting tighter
Fatman is afraid

https://www.youtube.com/watch?v=sXQkXXBqj_U

Good one, bookmarked it for future use.

[Negotiation]

Well, let this be the springboard for the good ... the Good Rally--

The picture says something market trend observe people look like positively every time follow positive site.

[Arriemoller]

Well, let this be the springboard for the good ... the Good Rally--

The picture says something market trend observe people look like positively every time follow positive site.

You must improve your English, most of the time I don't understand what you are saying.
Until then, use few words, short sentences and on the point.

EDIT: and commas, use commas,,,,

[jojo69]

hmmmm, we seem to be respecting this line, I wonder what it could be?



well well well, our old friend magic 1, who'd a thunk it?

[Biodom]

Outside of bitcoin, the explanation about repo-gate from already familiar C. Long:
https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/

For every US Treasury security outstanding, roughly three parties believe they own it. That’s right. Multiple parties report that they own the very same asset, when only one of them truly does.

[JayJuanGee]

^^
NP jbreher will keep pumping/supporting that one

Clearly BSV led that drop. Little ol' BTC merely caught in the wake.

or smth

Whatevs... I have all the time in the world.

One will not say that when he’s under the dirt......

No man got all the time in the world....

When one is in the catbird seat, the difference between the end of the world and 'it doesn't matter' is merely academic.

Well hopefully you are referring to you BTC investment rather than bcash or various varients of bcash, which are both likely to perform less well than bitcoin.  

Of course, if you have a smaller portion in bcash, then you still might do o.k., but not as well as if you ONLY held bitcoin.  

Past performance is not a guarantee of future results.

That's an evasive response if I had ever seen one.  

No evasion whatsoever. If one reads and ponders, that response is all that need be said.

You seem to be of the notion that since BTC is doing well relative to the other Bitcoins at the moment, that it will do so for all time.

You are punishing me for leaving you an opening.  My error.

I was indicating evasion because you did not really respond very specifically regarding how much you still seem to be allocated into bcash shitcoins in comparison to BTC, and in that regard, I was trying to get some kind of sense about whether you were really prepared with bitcoin rather than to be betting on stupid ass bcash variants, as if they have sufficient fundamentals to enjoy long term price appreciation rather than just sham-based pumpenings that are fueled by deceptions rather than concrete contributions of either of the bcash variants.

I don't need to repeat that there are no other bitcoins, but sure you and the other bcash pumpeners are habitually talking that kind of nonsense and hoping that it resonants some naive people.

As you are aware, my thesis is that Blockalypse II is in BTC's future, which will drive adoption to the other Bitcoins.

Yes.  A bit of fantasy land that you believe is relevant to this thread.

1) blockalypse II implies that blockalypse I has already happened, which neither the facts nor logic support such historical rendition.

2)  for the sake of argument, let's assume that there is some kind of problem with bitcoin, there is quite another leap of faith that network effects will go over to some stupid ass bcash variants, but sure you have a right to have your lil fantasy.   This whole response is based on a knowledge that you are referring to other coins as other bitcoins, and even attempting to proclaim that have the name bitcoin or even having some common history with bitcoin before the shitcoins forked off would give the shitcoins higher levels of claim to receive various network effects from bitcoin... a very long shot, maybe in the less than 1% region, if I am NOT being too charitable by giving such a high percentage chance to your little fantasy playing out in any kind of semblance that you would hope.

3) what you are really hoping is that your bags pump.... and maybe this time you would become smarter to get out of your shitcoin holdings, but I really have my doubts, at this time and based on your seeming persistence with your ongoing and even seeming to double down to some extent with your nonsensical assertions.

This is an episodic event, consisting of a sea change in BTC's operating environment. Such an precipitating event may result in a snowball into the more capacious Bitcoins, each of which fits the purity narrative of hewing closer to the initial protocol design.

Your further explanation does not really help, but hey, if that is what you believe, then so be it.

IOW, Past performance is not a guarantee of future results.

This logical part is true, but applied to continued bitcoin dominance, and your anticipation of the direction of future of BTC's networking effects, your perspective is still quite seemingly squarely within the far reaches of fantasylandia.

[LUCKMCFLY]

Price at this level?



When Checking BTCUSDShorts:



Still sailing at 4h, I hope they close quickly.

I think that by closing "The Shorts" we can see the price recovery, which can be fast, so they are testing offer at these price levels.

[Hueristic]

Outside of bitcoin, the explanation about repo-gate from already familiar C. Long:
https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/

For every US Treasury security outstanding, roughly three parties believe they own it. That’s right. Multiple parties report that they own the very same asset, when only one of them truly does.

Rehypothecated, there's that word again.

I do not like this word.

Price at this level?

....

I think that by closing "The Shorts" we can see the price recovery, which can be fast, so they are testing offer at these price levels.

I just don't know why I don't care when the price drops.


I think I will never leave my accumulating phase.

[nanobtc]

I'm supposed to put brakes on my car tomorrow. I will postpone, bought $100 of corn for now. First things first. I'll drive carefully for a while...

Do it yourself. Swapping pads (esp front, which is what wears) is easy as pie.

But, of course! I know how to swap disc brake pads, for the last few decades. The parts were USD $60, I just fudged up to the nearest hunnerd dollar bill amount. And bought USD$100 of corn instead.

It's a standard transmission, it's easy to be mindful, and just downshift instead of standing on the square one....

[VB1001]

The Mayer Multiple for Bitcoin (8370.21 USD) is now 1.01.
It has historically been higher than today's value 62.38% of the time.
The average historical value is 1.39.
Get real-time data and more information on https://mayermultiple.info

https://twitter.com/MultipleMayer

Good morning WO,s

Bitcoin +/- $8400
Bakkt 76 BTC

Everything runs its course, no problem.

Hodl

[HairyMaclairy]

We are seeing consolidation around the 200 DMA (red curved line).  Good solid volume on relatively small price movement yesterday is consistent with a local bottom.  

A post-Bakkt relief rally remains a strong possibility.  Expect resistance from the bottom of the triangle if we head back up.  

I will be watching to see if we can consistently inch upwards from here on very light volume.  This would set up a debart to high $9ks.  

Alternatively, if we stall or drift lower and sit directly on the 200DMA like a hen on eggs, then we risk breaking those eggs and heading down sharply further.  

Daily




Close up of 200DMA. We need to be gently climbing away.  It is rising so going sideways isn’t quite good enough. I want to see us staying above $8420, not drifting down into the $8300s. 

[1982dre]

* BobLawblaw starts wondering if we've seen the bottom...

Let's hope we have seen the bottom already. 

[600watt]

Bargain alert - https://www.wilsonsauctions.com/timed-auction/listings/lot?salecode=192398&listingid=d95e4df2-00f9-45c1-833a-937f0edae9a0&bundleoverview=false

The UK government is auctioning some crypto they nicked off someone who nicked it.

If you wish to pay £99 for 0.1 BSV instead of £68 for a whole one, and who doesn't? this could be your only chance this year.

uk gov a shitcoin pusher? lmao.... 

[makrospex]

Bargain alert - https://www.wilsonsauctions.com/timed-auction/listings/lot?salecode=192398&listingid=d95e4df2-00f9-45c1-833a-937f0edae9a0&bundleoverview=false

The UK government is auctioning some crypto they nicked off someone who nicked it.

If you wish to pay £99 for 0.1 BSV instead of £68 for a whole one, and who doesn't? this could be your only chance this year.

uk gov a shitcoin pusher? lmao.... 

Would fit the shitty prime minister, imho...

[kurious]

Outside of bitcoin, the explanation about repo-gate from already familiar C. Long:
https://www.forbes.com/sites/caitlinlong/2019/09/25/the-real-story-of-the-repo-market-meltdown-and-what-it-means-for-bitcoin/

For every US Treasury security outstanding, roughly three parties believe they own it. That’s right. Multiple parties report that they own the very same asset, when only one of them truly does.

Caitlin has always been good on this; the same rehypothecation exists in share markets, as she has properly ranted about before.  Basically Wall Street only makes money by selling what it has many times over.  Selling stuff it actually does not have is its business model.

This is part of the big financial institutions' problem with Bitcoin - that they can't own one BTC and sell it, or rent it out for interest 20 times over.  If they can work out how to rehypothecate Bitcoin you can bet your shirt they will, but so far there hasn't been a way because of Bitcoin's transparent ledger and regulatory issues.

Exchanges already do rehypothecate - so of course it is possible, but only where the institution holds the keys of other third parties, and people who pay for or rent Bitcoin trust that third party to hold it rather than deliver.  In this respect Bitcoin is like physical gold - rather than issued gold certificates.

Satoshi's design was all about this issue and the criminal recklessness of the world's financial instututions.  If you doubt this at all - I refer you, Ladies and Gentlemn to Bitcoin's Genesis Block.

[nutildah]

There was a Rambo movie in 2008? I had no idea. Have to look for it on the net. What's it called?

Rambo https://www.imdb.com/title/tt0462499/

He takes a bunch of religious pussies into Burma. They gain redemption at the end by dashing a local's brains out with a rock.

Taking a throat with hand

What movie is this Mic?

[Cryptotourist]

As you are aware, my thesis is that Blockalypse II is in BTC's future, which will drive adoption to the other Bitcoins.

There are no other Bitcoins, dah.
The shitiest of shitcoins adoption part made me laugh though. Purely delusional.

#

Alternatively, if we stall or drift lower and sit directly on the 200DMA like a hen on eggs, then we risk breaking those eggs and heading down sharply further.  

That's why - by Monday - we need to be @$10k+ level.

[soxxx]

No worries, we are just in a falling wedge pattern, nothing to see here

[DaRude]

Today BAKKT traded BTC217, in 5yrs that'd take up almost 50% of the supply. Silly traders with their dinosaur charts and triangles.