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

[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.

[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.

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

I suppose the same approach the rest of the world would take if they weren't occupied. De-peg from USD. Not sure what that will look like for BTC but for now it appears like an idea, a dangerous one, that is being realized in the minds of hodlers and adopters and backed by math.

For now most are still concerned with making dollars and why not. When that changes towards BTC, it will be felt.

Sorry, not sure if I actually answered any part of you're question, Wednesday morning ramble.

[LFC_Bitcoin]

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...

The thing is most of these morons don’t know what the halving is & the effects that the reduced supply will have on the price post halving.

Loads of them will get fucked in the ass financially when the parabolic rise starts, probably in 2021. These noobs can’t suppress the honey badger.

You can’t control what can’t be controlled. Let them have their fun for now, they’ll get screwed eventually.

[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?

I suppose the same approach the rest of the world would take if they weren't occupied. De-peg from USD. Not sure what that will look like for BTC but for now it appears like an idea, a dangerous one, that is being realized in the minds of hodlers and adopters and backed by math.

For now most are still concerned with making dollars and why not. When that changes towards BTC, it will be felt.

Sorry, not sure if I actually answered any part of you're question, Wednesday morning ramble.

I'm good with all the answers. Open discussion (or brain storming) always delivers results, regardless if they are useable, they form the basis of emerging thoughts etc...

[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.

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

Agreed with you there lfc_bitcoin!

Just got to watch mane and salah score a couple of goals today and all with be groovy!
Bitcoin price is going back up as we speak. Already at over $7500 so good going from all the fudsters trying to drive it down.

[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.

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...

Sentiment can be mucked with from the wall street boys with futures until everyone's either too tired or too scared to touch BTC. That will have an impact on price.

[El duderino_]

When BTC drops and we need a drink 

[El duderino_]

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.  #nohomo

 

[Icygreen]

Last post this afternoon, must gitz bak to work sints we'z poor again.

I'll be listening to this.
Joe Rogan Experience #1368 - Edward Snowden  (nearly a million views today)
https://www.youtube.com/watch?time_continue=6&v=efs3QRr8LWw

Edit:  Snowden storytell drone for 3 hours, Joe asks a question and Edward tells a story.... snore.....maybe I'm being critical. Was hoping for the Joe Rogan interview experience.

[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.

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...

The thing is most of these morons don’t know what the halving is & the effects that the reduced supply will have on the price post halving.

Loads of them will get fucked in the ass financially when the parabolic rise starts, probably in 2021. These noobs can’t suppress the honey badger.

You can’t control what can’t be controlled. Let them have their fun for now, they’ll get screwed eventually.

Whales know what halving is. And are no morons, they would not be whale, no?

[Raja_MBZ]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

Whoaza Raja.

You seem to be a bit ahead of yourself, and yes I do agree that there should be some decent support at $9k, but there should also be some decent support in the $8k to $8.5k range too, no?

Hmmm... from a bird's eye view at the late-2017 to 2019 price chart, it doesn't really seem like that $7xxx-$8xxx are the levels which can prove to be strong (as both, support and resistance). I know this is a very big range of values, but that's just how I look at it!

After 1 month, we're almost there at the $6xxx support levels.