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

[Wekkel]

Real talk...




(Twitter)


@hodloncomrades
I struggle to imagine what a world will look like when hundreds of millions of people are scrambling to acquire bitcoin.

When I start thinking about it the movie Titanic comes to mind, if you are not in a lifeboat it's probably all over for you.
👇

@hodloncomrades
I dream of seeing as many people as possible holding sats before the boat sinks.

#hodloncomrades don't trade.

Opposite to the situation on the Titanic, there will be plenty of Satoshis for people to jump on. The question is how much they will get for every fiat token.

[1714923062]

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[Biodom]

snippped..chart1
snipped..chart2

Some hopium charts.

On the first one, the daily 350 MA is holding quite well while the Mayer Multiple is 0.78. Last time MM was this low it was the last year when the bitcoin was below $4k.

On the second chart we see the 200 Weekly Moving Average. According to this one, we never entered the bear market at all. The moment we came pretty close was last year when the price was $3.2k. What happened then? A mini bull to 14k.

Conclusion: We are very close to the bottom.

Now the Important Questions:

Q- Can it go lower?
A- Sure it can.

Q- Is it worth waiting?
A- I don't think so.

Q- Would you go all in from these prices?
A- Not my thing but I would start putting some serious amounts if I had no bitcoins. I personally increased my DCA's lately. (I did slow it down it in after May when it was above 10k and I told you when it was happening)

It is under 10k. Very close to the some serious support levels. 200DMA was a serious one too but I remember what I said back then, the real boss is the 350DMA. (The king boss commanding general is 200WMA)

I would buy bitcoin from these levels and that's what I am doing.

The fact that we recently declined below Mayer multiple of 1.0 makes this cycle particularly weird.
Witness how it never did this during 2015-2017 bull run (once it started going by the end of 2015).

[bitserve]

Lol

https://www.dailymail.co.uk/news/article-7771903/Honey-badger-rescued-python-jackals-fighting-feast-snake.html

Honey badger is rescued from the coils of a python by a couple of jackals, then teams up with its new friends to kill the snake... before fighting them off to feast on the reptile

BLeh, the badger was in control of the situation the whole time, he was just making the snake to get tired and not needed any help. Also it seems that one of the jackal dared to bite the badger and (most probably) lost all his teeth. Not unlike what shorters try from time to time to no avail. Nothing to see here.

[dragonvslinux]

Bulltrap to breakdown currently in play on 4hr. If $7300 doesn't support the price, it's in trouble again. This is why I don't like symmetrical triangles  



The green line cutting through the wick is the signal for a long trade on the 3 Day chart  

[El duderino_]

Preview of the Cybertruck’s autopilot

https://twitter.com/RampCapitalLLC/status/1204141199835238402?s=20

[jojo69]

aaaaAAAK!

[LFC_Bitcoin]

Preview of the Cybertruck’s autopilot

https://twitter.com/RampCapitalLLC/status/1204141199835238402?s=20

Preview of bitcoin smashing through ALL price resistances in 2021.

[HI-TEC99]

Preview of the Cybertruck’s autopilot

https://twitter.com/RampCapitalLLC/status/1204141199835238402?s=20

Autopilot has room for improvement.

https://www.bloomberg.com/news/articles/2019-12-09/tesla-on-autopilot-rear-ends-parked-police-car-in-connecticut

A Tesla Model 3 sedan hit a parked police cruiser with its hazard lights flashing on a major highway near Norwalk, Connecticut, over the weekend.

[El duderino_]

aaaaAAAK!

Is this different for BaaaaAAAKkt ??

[Last of the V8s]

https://www.blog.btse.com/post/btse-integrates-blockstream-s-liquid-usdt-bitcoin
oh right liquid usdt is not the same as usdt obviously. i get it, kinda. a token launched on bitcoin, kinda.

and in other sidechain news, a very idiotic one called echo https://bitcoinmagazine.com/articles/echo-launches-bitcoin-sidechain-a-weighted-approach-to-more-functionality which sprinkles the word 'random' about and thinks that makes it make sense.

[Raja_MBZ]

Preview of the Cybertruck’s autopilot

https://twitter.com/RampCapitalLLC/status/1204141199835238402?s=20

Preview of bitcoin smashing through ALL price resistances in 2021.

Why not 2020?

[El duderino_]

^
Indeed

Followed by HODLsleep

[JayJuanGee]

https://zuxbux.win/
cute one from Giacomo

...Carefully take note of all the gaslighting tactics, the rhetoric tricks, the fallacies, the dissimulated double-standards, the confusing intellectual Rube-Goldberg machines, the unholy hybrids of mellifluous sealioning and aggressive Gish-galloping. Then just embrace them, accept them...and, finally, enhance them! Remember: the same exact “arguments” the Axl Rose look-alike uses to confuse people interested in Bitcoin and to justify his scam, can be used by you to confuse people interested in HEX and to justify your own scam!!!...

https://www.youtube.com/watch?v=RY1KoQXM-R0 He was on Heart's channel earlier, trolling gently.

Oh my!!!!!   I am impressed, not just with Giacomo's trolling efforts of Richard Heart, but later in Heart's live stream Peter McCormick came onto Richard's live stream show, and spoke with Richard for about 2 hours.  Yeah, Heart complained that Peter had been stalking him and came on uninvited, and turned into a real fucking dick for almost the whole discussion with Peter.  Richard could not get off of attack mode which surely did not shed him in a good light.

Peter did much better in this interaction as compared with his interaction from a couple of days ago (that I commented upon in this post).  Way the fuck better, and pretty much flustered the fuck out of Richard Heart for the whole time, and Peter was more than gracious, even allowing a whole hell of a lot of rope for Richard to hang himself.  Masterful, really. 

Accordingly, I did not conclude that I had wasted my time by listening to the largely ongoing flounderings of Heart to constantly be attacking Peter, which made Richard appear to be the real and actual scammer that he is.

[JayJuanGee]

^
But there were no weekend pump 😀

This is fine.

Indeed that was the negative side, just as my drunk promising to him a few weeks earlier .....

Though we had an awesome evening that can’t be taken away anymore and more important as only stacking money ....

I am a bit unclear about what you mean about this "stacking money" concept?  Are you saying it is a good thing to "stack money"?  or a bad thing?  or something else?

Maybe it is a "bad" english thing coming out of the keyboard of "this particular" team associate?   

Or alternatively, it is possible that I might just be NOT understanding some kind of contextual issue regarding this usage. Perhaps?

It’s not to difficult actually ..... don’t only save money in general ( money = which money or whatever you prefer that’s valuable to you...)
But have fun as well!!!

Hm?  I was going to suggest that I though that you were slipping, but hey maybe it is consistent with some of your earlier ideas.

The concept is really to stack sats, and I see no reason to get all inclined towards stacking money, even though the truth of the matter remains that once a guy (or gal) gets through the accumulation phase, then s/he is going to be a lot more flexible in terms of how s/he manages his/her portfolio.  Furthermore, getting into a liquidation phase is likely going to involve more acceptance of whatever happens to be the dollar value - and surely can vary depending on how much time s/he projects to be cashing out.

[JayJuanGee]

^
Perhaps keeping it simple for the general audience.  Lots of folks will stop listening if they don't understand what's being said. He appeals to a large group of investors I'd imagine of which most probably won't understand mining.

For context, we are referring to my comments about the Tim Draper interview video.

Even though I agree with you (Icygreen) that Draper likely attempts to frame his discussion in terms of broad context ideas, I stick by the comments of my earlier post, and I may even double down to assert that he might not even understand the significance of certain technical aspects of projects in which he invests.  

I am NOT trying to act as if I am technically smarter than Draper, but he is more of a broader concepts kind of investor and he does not necessarily get into the technical weeds of his various investments, but he does seem to be more than ready, willing and able to get into investing into technical matters that he does not understand so long as he largely agrees with the overall offer proposition of the thing that he is investing into.  Probably the fact that he dabbles with a large number of investments at the same time, necessitates that he does not get into too many technical details, so, again, I am not sure whether he actually understands the significance of the every two weeks mining adjustment (because it would be easy enough to put that into laymans terms), but of course, I recognize that he easily would understand the whole concept if anyone were to explain it to him (presuming that he currently does not recognize it as an important factor to mention in these kinds of public overview of bitcoin discussions).

I will also assert that even though Draper does not seem to get into the weeds of any technical proposition arguments, he also does not seem to be easily distracted into any kinds of pumping up of various shitcoins, and maybe he does invest in shitcoins but just does not talk about them.  Most of all interviews that I have seen him, he will redirect any attempts at shitcoin talking back towards bitcoin.  So, whether he ends up being correct or not, his not getting into shitcoins is something else that bitcoin maximalists can appreciate.

Don't get me wrong, I, personally, am not really hostile to various possible technical offerings of shitcoins, but I am frequently against either overexaggerating their importance or attempting to put them on some kind of equivalency pedestal as bitcoin, when there is a BIG ASS lacking of actual factual and logical evidence to show any shitcoin to come even close to bitcoin, and I hate to even mention the network effects of Ethereum in this regard, because even the network effects of ethereum seem to be considerably built upon smoke and mirrors that have decent odds of completely collapsing in spite of all the supposed hundreds of thousands of snot nosed 14 year olds building upon it.  But hey what do I know?  I am surprised that ethereum is seemingly holding its own (to the extent that it is) for more than 5 years already... holiey ba-jeezus!!!!!  

Drapers' kool aid strong! :-D ~ i met him last year fwiw* lol

Did you yell "wwwweeeeee" right to his kool aid face?

Oh yeah!!!!

[arklan]

I wish we'd just crash below $6,500, to rip the bandage off and cause some real pain. This fucking around Bitcorn is doing, is starting to piss me off. She's all over the place last few weeks...

well yea, but that's just how sideways goes... i mean, an actual stable currency would have tiny movements, never really changing by any large amount... least we're not seeing that.

[JayJuanGee]

I wish we'd just crash below $6,500, to rip the bandage off and cause some real pain. This fucking around Bitcorn is doing, is starting to piss me off. She's all over the place last few weeks...

well yea, but that's just how sideways goes... i mean, an actual stable currency would have tiny movements, never really changing by any large amount... least we're not seeing that.

I doubt that we can expect bitcoin to serve as any kind of stable currency for a long time.  It is too god damned small.

Furthermore, I have no problems with current BTC prices, even though we seem to be towards the bottom of a correction channel.  We are a whole hell of a lot better off, so it seems to me, than we were between December 2018 and March 2019...... like double better, so I really cannot appreciate reasons to be complaining regarding the bearwhales that are going to try to manipulate prices down as far as they can and for as long as they can, and even though I have no clue about when they are going to run out of coins to dump, it does seem that sooner or later the momentum is going to change and bearwhales who are betting upon further down or any other fence sitters, no coiners or bitcoin naysayers might end up getting fucked to the extent that they have not adequately prepared themselves for UP.

[arklan]

I wish we'd just crash below $6,500, to rip the bandage off and cause some real pain. This fucking around Bitcorn is doing, is starting to piss me off. She's all over the place last few weeks...

well yea, but that's just how sideways goes... i mean, an actual stable currency would have tiny movements, never really changing by any large amount... least we're not seeing that.

I doubt that we can expect bitcoin to serve as any kind of stable currency for a long time.  It is too god damned small.

Furthermore, I have no problems with current BTC prices, even though we seem to be towards the bottom of a correction channel.  We are a whole hell of a lot better off, so it seems to me, than we were between December 2018 and March 2019...... like double better, so I really cannot appreciate reasons to be complaining regarding the bearwhales that are going to try to manipulate prices down as far as they can and for as long as they can, and even though I have no clue about when they are going to run out of coins to dump, it does seem that sooner or later the momentum is going to change and bearwhales who are betting upon further down or any other fence sitters, no coiners or bitcoin naysayers might end up getting fucked to the extent that they have not adequately prepared themselves for UP.

guys, help, i'm scared, i agree with JJG.

yea, we're a long, long way from stable. and yea, I agree, we're in another slump of down like we've seen multiple times before, and each time before there was, eventually, a climb, then a spike. this is what, the 4th or fifth time in the last decade?

[JayJuanGee]

I wish we'd just crash below $6,500, to rip the bandage off and cause some real pain. This fucking around Bitcorn is doing, is starting to piss me off. She's all over the place last few weeks...

well yea, but that's just how sideways goes... i mean, an actual stable currency would have tiny movements, never really changing by any large amount... least we're not seeing that.

I doubt that we can expect bitcoin to serve as any kind of stable currency for a long time.  It is too god damned small.

Furthermore, I have no problems with current BTC prices, even though we seem to be towards the bottom of a correction channel.  We are a whole hell of a lot better off, so it seems to me, than we were between December 2018 and March 2019...... like double better, so I really cannot appreciate reasons to be complaining regarding the bearwhales that are going to try to manipulate prices down as far as they can and for as long as they can, and even though I have no clue about when they are going to run out of coins to dump, it does seem that sooner or later the momentum is going to change and bearwhales who are betting upon further down or any other fence sitters, no coiners or bitcoin naysayers might end up getting fucked to the extent that they have not adequately prepared themselves for UP.

guys, help, i'm scared, i agree with JJG.

yea, we're a long, long way from stable. and yea, I agree, we're in another slump of down like we've seen multiple times before, and each time before there was, eventually, a climb, then a spike. this is what, the 4th or fifth time in the last decade?

No need to fear, arklan.  Lots of guys (and gal) agree with me on a regular basis, even if some of the peeps might be too fraidie kitties to admit.

Some of them have resorted to reading books to overcome fear(s); I am glad that you did not need to take such measures.   

[Hueristic]

First BTC node in space.

Points to note:
1. Jeff Garzik Bitcoin core developer, possibly This Guy
2. Space agencies for satellite launch Nasa > SpaceX > Chinese (CNSA) then followed by Indian (ISRO) in future.

A Bitcoin Wallet Is Orbiting the Earth at 5 Miles Per Second

CAPE CANAVERAL, FLORIDA – At exactly 12:29 EST on Thursday, a crypto wallet built by developers at SpaceChain hurtled into the stratosphere aboard a Falcon 9 rocket.

When it arrived at the International Space Station, the 1kg node – only a fraction of SpaceX CRS-19 resupply mission's 2,600kg payload – became the first active bitcoin node on the ISS.

For SpaceChain, the launch is a step forward in its mission of building out a robust, decentralized blockchain infrastructure high above the Earth. The wallet will be beyond any country’s jurisdiction – and well above the reach of any physical hardware hacks.

SpaceChain sees its nodes as a radical new way to make crypto transactions more secure. This is the three-year-old company’s third launch and its first from American soil. The other two launches blasted off from China.

This is some cool ass shit that i'd love to heart on the Nightly News!

Mah Patriots look horrible today!

 Ah you're too hard on them.  They looked really good for the first 3-4 minutes...
Steelers had it easy today - they played the Cards.   Hard not too look good but they tried anyway

Cowgirls looked good first drive as well. Lol

Steelers have had some fire in them lately with a team full of second and third stringers!


I've been wasting alot of time on the new Ryzen system trying to get winblows 7 and qubes to play with each other. I know it defeats qubes purpose but its just to get acquainted with it and have it on an easy to access system (my htpc thats always in reach).

Preview of the Cybertruck’s autopilot

https://twitter.com/RampCapitalLLC/status/1204141199835238402?s=20

Autopilot has room for improvement.

https://www.bloomberg.com/news/articles/2019-12-09/tesla-on-autopilot-rear-ends-parked-police-car-in-connecticut

A Tesla Model 3 sedan hit a parked police cruiser with its hazard lights flashing on a major highway near Norwalk, Connecticut, over the weekend.

Now thats some funny shit right there.

guys, help, i'm scared, i agree with JJG.