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

[SuperTA]

I understand that TA is not very popular and desired to see when they become bearish. I mean who likes to watch their bags going down in price? Unless you're a no coiner or a shorter or just someone who didn't fill their bags enough. But that's not the case here where majority are hodlers.

[El duderino_]

@100trillionUSD
Call me crazy, but it wouldn't surprise me if BTC closes 2019 at $10k+ .. opportunities like this (#bitcoin below S2F model value, 6 months before the halving) are rare.

https://twitter.com/100trillionusd/status/1198994998655672321?s=21

According to the btc history and previous halvening behaviour this model isn't accurate and it's too early. Well ok, even previous red dots are lagging behind so it's not something very accurate to watch.

dooood, it's a leading indicator you numbskull

feature not a bug, leading indicators are rare beasts and to be highly prized

Of curse it wont last because once the information is widely known in the market the advantage will arbitraged away and the information asymmetry will be gone

Marcus? You are born in Augustus? Btw what is a numbskull? Please don't call me one 

Btw SuperTA.... we all love planB

[El duderino_]

Millions are protesting across the world in:

Hong Kong, Venezuela, Lebanon, Russia, Syria, Spain, Ecuador, Bolivia, Iraq, Haiti, Israel, Pakistan, Indonesia, Chile, Argentina, Peru.

They don't need cheaper payments, they need censorship-resistant money.

https://twitter.com/Rhythmtrader/status/1199060090424311808?s=20

[infofront]

You've been playing too much WoW, Bob.

[El duderino_]

btw

https://twitter.com/800Hertz/status/1198759082968174594?s=20

HODLers ready for the new Lambo??

[infofront]

You've been playing too much WoW, Bob.

Coincidentally, I recently deleted my 18+ year old account over the China bullshit. No longer supporting Blizzard/Activision. At all.

Respect.
I considered that, but it was going to be too painful 

[fillippone]

Coincidentally, mempool is exploding:
Zoom on the last 48 hours:



Never been so clogged since mid July:



https://jochen-hoenicke.de/queue/#0,3m

6 blocks found in the last 180 minutes.

Edit:
As LFC_bitcoin says, someone is loading their bag:

24h Exchange Volume

via @COIN360com

coin360.com/exchanges

https://twitter.com/cryptounfolded/status/1199072678461820928?s=21

[LFC_Bitcoin]

@fillippone

The signs are there, it’s just like late 2015, we’re going to start a slow creep up soon before EXPLOSION in 2021.

My bags are full/

My body is ready

[El duderino_]

@fillippone

The signs are there, it’s just like late 2015, we’re going to start a slow creep up soon before EXPLOSION in 2021.

My bags are full/

My body is ready

@LFC

Dammit nobody's bags can be full! 

[LFC_Bitcoin]

@fillippone

The signs are there, it’s just like late 2015, we’re going to start a slow creep up soon before EXPLOSION in 2021.

My bags are full/

My body is ready

@LFC

Dammit nobody's bags can be full!  

They’re full but I have more bags to fill if I can (a lot more expensive now than it used to be)

[El duderino_]

^Looks like your girl

[Icygreen]

I understand that TA is not very popular and desired to see...

Da Voodoo-spirits whisper to me that deese be perilous times, and we should be firmly holding onto'r pants. "Slow and gentle accumulation" da spirits be whisperin'

Take your desires and cry to Calvin Ayre about them.

[LFC_Bitcoin]

^Looks like your girl

Haha!
She better not be spending all that money on shopping. Man must bitcoin

[ChinkyEyes]

You new guys can safely ignore Lauda. She's grumpier than usual - not getting any dick as theymos has been busy on anniversary celebrations.

Lauda i think it's a surname, not the female name. You guys probably didn't watch Formula 1? You didn't hear about Niki Lauda?

Wir sind die mutter von niki lauda?

----

Currently observing 7206, got my paycheck today and I directly sent some fresh fiat to an exchange.

I did a big fiat injection into BTC around the beginning of October around the 8200 levels. I am regretting I did not sell on the pump to 10k and rebought again at these levels.

[Last of the V8s]

[LUCKMCFLY]

The massive adoption of Bitcoin will undoubtedly increase market demand.

Bitcoin’s network value, expressed in USD market cap, has a high correlation with the level of network activity, expressed in dollar transaction value (TV$). The chart below shows the direct link between the Bitcoin price and the 12-week average USD transaction value.

The Bitcoin price is also driven by the active stock moved on-chain. If we analyze the HODL waves, we can see that bull markets are associated with an increased proportion of moving Bitcoins.

Source: https://bitcoinist.com/bitcoin-bulls-favorite-stock-to-flow-model-is-flawed/

[rolling]

https://jochen-hoenicke.de/queue/#0,3m

6 blocks found in the last 180 minutes.

The worldwide average "Electricity Only" cost of mining is likely around $7500/BTC. Maybe some miners are shutting down temporarily? Probably just variance though.

[d_eddie]

My long is being beaten to shreds, and happiness is a thing of the past.
What's a man supposed to do? Why, buying physical!
(Investment money decoupled from play stash.)

You did not sufficiently off-set with a short this time around?

I cashed it out already, and I won't short again right now.

[jojo69]

jesus

has it achieved its final form?

[Last of the V8s]

Maybe it's a bit wordy schmurdy idk