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

[DeathAngel]

Looks like the bleeding has stopped from yesterday, for now at least. $10,000 seems far away now, I was taking that for granted.

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[gentlemand]

I'll always like Joe Rogan, and I realize this is the Onion, but he does ask some pretty dumb questions sometimes... Maybe just as a side effect of being too stoned.

He seems to get so many people through he probably forgets who he's talking to.

My ultimate nightmare job would be chat show host or breakfast DJ. Having to be chatty, upbeat and interested in whoever is plopped in front of me several days a week would rapidly result in an explosive aneurysm. I speak on average around 500 words a year.

His most interesting podcast is probably the bloke from Fear of 13 who got off death row. It's interesting primarily because without the power of editing he comes over as a truly skin crawling figure.

[makrospex]

My first Meme ever, btw. 

[Alexander_Z]

Looks like the bleeding has stopped from yesterday, for now at least. $10,000 seems far away now, I was taking that for granted.

Bleeding stopped, flat line and very low volume for some time, then small (and smaller) ups to form the next descending triangle, which breaks down as usual. What next, $6500 or $5800?

[Slow death]

the price dropped a lot and you know what that means? it's time for analysts to come in to make their predictions

Joel Birch:

“I do believe that Bitcoin eventually will exceed $20,000, and I think that any price below $8,000 is a good price to buy.”

Cameron Winklevoss:

”The fact that the price of bitcoin isn't surging today illustrates just how early and misunderstood this asset is.“

if the price were $100,000 and dropped to $90,000 they would be complaining because it fell

[El duderino_]

Do you think there will be a strong price correction before or after halvening?  I'm not asking you for financial advice, I just want to know what you expect more.

 Not expecting us to drop below $6k USD/BTC before the halvening, but anything can happen. I do expect the price to be back above $10k before the halvening, but don't have a good "gut feel" for where we will be six months out, post-halvening. Too many variables are unknowable right now.

 If I was to pull a number out my ass right now, I would guess around $20k USD/BTC, six months out, post-halvening. Trying to set my targets intentionally low so as not to completely bum myself out sorta thing.

Could live with all of that but BoB....?? “Not expecting to drop below 6k before the halvening.....” hope so as well, but I hope much more not to drop below 6K after the halvening right?

Though as everyone knows me I only hope for green dildo’s and if not >big lebowski meme ... life goes on, as does the HODL.... <

[El duderino_]

Looks like the bleeding has stopped from yesterday, for now at least. $10,000 seems far away now, I was taking that for granted.

10 000 better not be to long away, I was getting used to the 5 digit numbers again.

A morning of 5 digit is do much better as a morning of 4 digit

But then again the number of BTC stays the same and only changes if I buy or sell.... or win or lose....

[DeathAngel]

Looks like the bleeding has stopped from yesterday, for now at least. $10,000 seems far away now, I was taking that for granted.

10 000 better not be to long away, I was getting used to the 5 digit numbers again.

A morning of 5 digit is do much better as a morning of 4 digit

But then again the number of BTC stays the same and only changes if I buy or sell.... or win or lose....

Yeah as I always see you post
1BTC = 1BTC. I guess we all need to chill out, it will be worth it one day in the near future.

[ivomm]

Freshly saved 500 euro on its way to the exchange. To be honest, I am kind of surprised that bears tried to break the 7700 support. I don't get it why we should feel desperate with 2% drop below this support. If it is not comfirmed in the coming weeks, then all this was noise. Most TA won't even consider it as broken if it is cancelled soon. Now the support down to 7K has increased to 2700BTC in Bitstamp. This is enough to despair even the best bear manipulator in the world. It is like a street with a dead end, dear bears! You may try to break it, but the result will be broken heads   The volume is low, meaning that besides the usual trades nobody is in a hurry to sell. And this is a sign of the failure of the bears, who thought with the sell of 700BTC on one exchange can bring havoc and despair. You have no good or bad news, dear bears, so your fail will be epic. 8K coming in 2 weeks. 10K and above in the coming months.   Cheers to the hodlers!

[Paashaas]

What about harvesting human organs from those people.. Of course the world doesn't dare complaining to the CCP because of economic reasons.



https://www.haaretz.com/world-news/.premium.MAGAZINE-a-million-people-are-jailed-at-china-s-gulags-i-escaped-here-s-what-goes-on-inside-1.7994216

[JL0]

https://twitter.com/whale_alert/status/1187280252843839489
https://twitter.com/whale_alert/status/1187294953426300928?ref_src=twsrc%5Etfw

First Dump and then PUMP ?

[LFC_Bitcoin]

Freshly saved 500 euro on its way to the exchange. To be honest, I am kind of surprised that bears tried to break the 7700 support. I don't get it why we should feel desperate with 2% drop below this support. If it is not comfirmed in the coming weeks, then all this was noise. Most TA won't even consider it as broken if it is cancelled soon. Now the support down to 7K has increased to 2700BTC in Bitstamp. This is enough to despair even the best bear manipulator in the world. It is like a street with a dead end, dear bears! You may try to break it, but the result will be broken heads   The volume is low, meaning that besides the usual trades nobody is in a hurry to sell. And this is a sign of the failure of the bears, who thought with the sell of 700BTC on one exchange can bring havoc and despair. You have no good or bad news, dear bears, so your fail will be epic. 8K coming in 2 weeks. 10K and above in the coming months.   Cheers to the hodlers!

Haven’t got many sMerit’s left atm but couldn’t go past this without sending 1.

Cheers

[fillippone]

if you are scared from BAKKT impact on market, then brace for more:

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer feedback, and that ICE Futures US self-certified the contract through the U.S. Commodity Futures Trading Commission (CFTC).

I am afraid time has come to write the option equivalen to my Everything you wanted to know about BTC futures but were afraid to ask! post.
Gigantic work, but has to be done.

[LFC_Bitcoin]

I was just reading about that on Twitter fillippone.

What do you think it will mean/do for the price in the short to medium term or anybody else who wants to add an opinion?

[Arriemoller]

What about harvesting human organs from those people.. Of course the world doesn't dare complaining to the CCP because of economic reasons.



https://www.haaretz.com/world-news/.premium.MAGAZINE-a-million-people-are-jailed-at-china-s-gulags-i-escaped-here-s-what-goes-on-inside-1.7994216

OR, they are holding and reeducating muslim terrorists and potential terrorists to safeguard the people.
Unlike the western democracies who cuddle them and let them in to their countries so they can commit terrorist acts against us.

[_javi_]

if you are scared from BAKKT impact on market, then brace for more:

Bakkt to Launch Options on Its Bitcoin Futures Dec. 9

Bakkt announced Thursday that it would “launch the first regulated options contract for bitcoin futures,” adding a new product to its current slate of physically-settled bitcoin futures contracts. CEO Kelly Loeffler said in a Medium post that the contracts were built in response to customer feedback, and that ICE Futures US self-certified the contract through the U.S. Commodity Futures Trading Commission (CFTC).

I am afraid time has come to write the option equivalen to my Everything you wanted to know about BTC futures but were afraid to ask! post.
Gigantic work, but has to be done.

...customers will have the choice of options contracts settled with cash, meaning customers receive the fiat equivalent to the contract’s value at expiration, or physically, meaning they receive the actual bitcoin...

Not another tool to gamble and short BTC... 

[gentlemand]

OR, they are holding and reeducating muslim terrorists and potential terrorists to safeguard the people.
Unlike the western democracies who cuddle them and let them in to their countries so they can commit terrorist acts against us.

So you don't believe someone has the right to live the life they were born into in the country they were born into? It's not as if they're sudden frothing converts and out of the average 1 million people of any type only a tiny and pathetic handful will be terrorists.

[fillippone]

I was just reading about that on Twitter fillippone.

What do you think it will mean/do for the price in the short to medium term or anybody else who wants to add an opinion?

I am skeptic on conspiracy theories about impact of futures on price.
I even doubt the price dump we observed in the occasion of launch of futures (both CME/CBOT and, in a smaller extent, BAKKT) were actually connected.

I do think the more instrument we have, the better.
More instrument allows better liquidity and better price discovery.
Bakkt futures were important because, as I wrote a few post back, allowed “slower” institutions to get long bitcoin with less organisational stress.

I sincerely don’t know how options will impact on the situation. I think also Bakkt is simply reacting to a similar announcement by CME, as their are still struggling with future volumes, so I think they are rushing a little with this new launch.

So in a word: impact on price is very limited. I won’t read too much into that.

[sirazimuth]

My first Meme ever, btw. 

Looks like the zucky boy sports a Caesar hairpiece.

[Arriemoller]

OR, they are holding and reeducating muslim terrorists and potential terrorists to safeguard the people.
Unlike the western democracies who cuddle them and let them in to their countries so they can commit terrorist acts against us.

So you don't believe someone has the right to live the life they were born into in the country they were born into? It's not as if they're sudden frothing converts and out of the average 1 million people of any type only a tiny and pathetic handful will be terrorists.

Religion is a choice, if your religion is a potential hazard to the public then I'm ok with that religion being controlled or even banned.
You can't tell in advance who of that 1 million tiny and pathetic handful will be terrorists.

I feel that about all hazardous religions by the way, not just muslims.

I'm also well aware that China is a communist dictatorship and I'm not in favor of that.
But sometimes the reporting is a little to one sided for my taste.
Organ harvesting I do believe is a real thing in Chinese prisons and camps, I have heard a lot about that lately actually, and that I'm of course opposed, but I'm not for freedom of religion.

That is just one of those pc things that was imported from the USA, we didn't have freedom of religion until the 50s in Sweden and it wasn't until the 70s that catolics where allowed to open convents and that worked just fine, And I know it was not that different in the UK.

Freedom from religion I'm all for however.

EDIT: pk to pc.