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

[d_eddie]

say that everything is still ok.

No one ever said that the road to the new ATH would be a piece of cake. We're just experiencing growing pains, and probably some fuckery (the expiring futures are as good a reason as any). Heavy regulation can't come down too hard if some of the powers that be are deep in it. And some are.

Everything is still OK.

[d_eddie]

A V-shaped bottom spotted on short timescales (minutes). It could mean anything, including a quick recovery.

File under Price Observation.

[qwizzie]

For those in need :

I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.

- Bene Gesserit Litany Against Fear

[fillippone]

I used to be a permabull and I still am, but I need some fellow holder to reassure me.

I didn't struggle too much when btc was 3k-ish, because i was only waiting for the final capitulation, which i tought finally happened when we jumped to 14k and then, after correction, we were going sideways10k-ish.

From here, I thought, it can only go up.

But now we are experiencing a significant further correction, and today's red dildo is really tought for me, not financially but emotionally.

Worst than all, during the last year or so I saw too little development: lighting network is cool and I even used it with my android, but there are almost no merchants. And we still dosen't have an open market or a p2p exchanger. And I am really afraid that if we dosen't manage to get a working ecosystem BEFORE regulation, regulation will kill most of the coming projects.

Today I need someone to hodl my hand and say that everything is still ok.

I do feel you.
But we are 203 ahead of halving.
https://www.bitcoinblockhalf.com/

You don't want to be caught short.
Not now.

I struggle emotionally, too, but then I look at the robustness of the SF model and I start dreaming again!

Still, 1BTC=1BTC

[bkbirge]

For those in need :

I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear.
I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing.
Only I will remain.

- Bene Gesserit Litany Against Fear

“He who controls the spice BTC controls the universe.”

[d_eddie]

But we are 203 ahead of halving.
https://www.bitcoinblockhalf.com/

You don't want to be caught short.
Not now.

Indeed, my short is gone for now. Thanks for the satoshis  
Willing to reopen if we see 7.6-7.7, but wary of the 8k's that might be behind the corner (that corner, not this now corner).

[BitcoinGirl.Club]

No, this time last May we were over 8k.  It's an October day!!

Mayday 🤪

[LFC_Bitcoin]

Seasoned HODLERS be like.....



(Excuse the in-laws wallpaper)

[rdbase]

^^
Just like in the commercials of those couples sitting on the beach sipping on a corona.

|I blame bakkt and the fake crypto libra for this mess we all woke up to this morning.

[LFC_Bitcoin]

^^
Just like in the commercials of those couples sitting on the beach sipping on a corona.

|I blame bakkt and the fake crypto libra for this mess we all woke up to this morning.

It’s annoying man but just a blip in the long term picture.

[gentlemand]

Today I need someone to hodl my hand and say that everything is still ok.

I encourage you to stare directly at this until late 2021.



I also advise you to ask family members to keep you fed and clean whilst your attention is completely absorbed by it.

By the time its spell is broken everything should be tickety boo.

[vroom]

Today I need someone to hodl my hand and say that everything is still ok.

I encourage you to stare directly at this until late 2021.

please, make it stop

[Dabs]

GBTC from Greyscale is like a fund or stock you can buy from a regulated exchange. I think it's on the NYSE. It tracks the price of bitcoin, but carries a higher premium. It's primarily for institutional and retail investors who don't know how to handle the real bitcoin with wallets and stuff. Or for those lazy to do it that way and needs something in their bank account things.

[makrospex]

GBTC from Greyscale is like a fund or stock you can buy from a regulated exchange. I think it's on the NYSE. It tracks the price of bitcoin, but carries a higher premium. It's primarily for institutional and retail investors who don't know how to handle the real bitcoin with wallets and stuff. Or for those lazy to do it that way and needs something in their bank account things.

Honestly, all that futures'n stuff have brought nothing good to bitcoin.

I'm prepared for $5-$6k Q1/2020 already, as most of you might already know, so even a drop to $7k wouldn't even make me rise an eyebrow.
Totally relaxed, right here in the now. Everthing is fine, $btc will go upwards later.

[Icygreen]

Was just reading from @100trillion iirc that tools like futures and gbtc are created to suppress Bitcoin's price. Since they do not own actual BTC but still want to short it.  The long of this is,  Bitcoin's price might not be Bitcoin's price, gamed prices and timelines.

[makrospex]

Was just reading from @100trillion iirc that tools like futures and gbtc are created to suppress Bitcoin's price. Since they do not own actual BTC but still want to short it.  The long of this is,  Bitcoin's price might not be Bitcoin's price, gamed prices and timelines.

However, if the system can't be changed or protected from evil, speculative forces, what would possible solutions for hodlers and adopters look like?

[_javi_]

Was just reading from @100trillion iirc that tools like futures and gbtc are created to suppress Bitcoin's price. Since they do not own actual BTC but still want to short it.  The long of this is,  Bitcoin's price might not be Bitcoin's price, gamed prices and timelines.

If i dont understand wrong, to supress the price you need actual selling of BTC.
Some morons betting on btc price (cash settled future contracts) cant affect the price.
BUT it seems they managed to get a selling counterpart (baaad whale).. They bet on a low price, and in the other side they actually sell BTC. Then the whale rebuys lower. (rinse and repeat)

Rigged game. They win, we suffer observing walls...

[Dabs]

GBTC is not a future. It's a fund or stock that tracks BTC price. Look at it, its available on most financial institution as a tradeable stock or fund. It's possible to short it on some exchanges, but on others, you can simply just buy or sell it. It's like buying Apple or Microsoft.

[Ludwig Von]

Was just reading from @100trillion iirc that tools like futures and gbtc are created to suppress Bitcoin's price. Since they do not own actual BTC but still want to short it.  The long of this is,  Bitcoin's price might not be Bitcoin's price, gamed prices and timelines.

However, if the system can't be changed or protected from evil, speculative forces, what would possible solutions for hodlers and adopters look like?

Since these casino games do not involve real BTC, then who are the actors in the real BTC that can suppress the price, in order to support the casino games? There is more here than we see. If I not mistake, the CME guy said that they wanted to take volatillity out. Ugh ogh, really? They are gaming equally in BTC in order to support their casino games. So we will have to get along with that.

That is de BTC PPT : Plunge Provoking Team

[erre]

Was just reading from @100trillion iirc that tools like futures and gbtc are created to suppress Bitcoin's price. Since they do not own actual BTC but still want to short it.  The long of this is,  Bitcoin's price might not be Bitcoin's price, gamed prices and timelines.

However, if the system can't be changed or protected from evil, speculative forces, what would possible solutions for hodlers and adopters look like?

No middlemans. No fractional reserve exchangers. Much more merchants and p2p fiat gateways.