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

[HairyMaclairy]

For that price, customers do not get the display – which starts at $4,999 – or the $999 stand that holds up that screen.

I am aware of someone who just blew US$250k in cloud processing charges.  They basically said "I wonder what happens when I push all of these buttons at the same time".  Now they know.  They melted the cloud and scaled out the ying yang and then had to pay for it.

Under those circumstances a box which has 1.5TB of ram which can handle some big jobs for $60k looks like a bargain.  Might run a bit warm under the desk tho.

[El duderino_]

The Federal Reserve will inject at least another $425 billion of temporary cash into the financial system within the next few months.

The entire US military budget every year is $693 billion.

Everything is fine though. 🙃

https://twitter.com/rhythmtrader/status/1206264167809929217?s=21

[dragonvslinux]

Whatever was causing the ridiculous long / short ratio on Bitfinex has somewhat eased.  It is now only sublime.

Note:  this is caused by a sudden uptick in the number of shorts, not a decrease in longs. 

Volatility, she is coming. 

The strange thing the Bitfinex long/short ratio was due to over-leveraged longs, that are worryingly still parabolic and at ATH with RSI completely oversold:



The reason the ratio dropped ironically due to the short interest, as opposed to a long squeeze. I don't see this as necessarily a good thing:



On the Daily chart, you can see there has been a 50% increase in shorts today, so far:



But the longs still remain over-leveraged by a factor of 5:1 (80%), as opposed to the high of around 15:2 (87% approx):



Still expecting a drop to around 2-3:1, which is also the 200 Day MA for the ratio, or 4:1 minimum. for a more reasonable 50-65% long leverage personally.



Until then I'm still expecting a long squeeze personally (dump in price), that clearly hasn't occurred. Ratio squeezes don't count for me.

[serveria.com]

Until then I'm still expecting a long squeeze personally (dump in price), that clearly hasn't occurred. Ratio squeezes don't count for me.

$14k to $7k since June is not long enough? 

[serveria.com]

Dammit, it's so boring even gembitz doesn't appear here anymore  WEEEEEEE!

[mindrust]

I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.

What a beautiful morning, cheap coins feel good.

[AlcoHoDL]

I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.

What a beautiful morning, cheap coins feel good.

Sounds like a good plan.

In addition to my regular job (which is more than enough for my living expenses), I also do teaching part-time. I use all of my teaching earnings to buy BTC. It doesn't affect my life in a negative way, but WILL soon affect it in a POSITIVE way when BTC moons.

"Every little helps." (I remember this phrase was being used by a supermarket chain when I was living in the UK many years ago).

[efialtis]

Hey everybody,

just as a side note: We have to get by without the help of the Greek gods for the time being so be careful everybody - until some things are sorted out with my "management"... 

[ivomm]

I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.

What a beautiful morning, cheap coins feel good.

It is good that you continue to buy, I admire that. But the next part about 3K sounds to me like gembitz. He is notorious for his moronic "weeee" posts claiming that the price will fall 50% from the current point.
Yeah, I remember you said the same for getting to 8K, when we were nearly 14K, then 6K when we were at 11K, now 3K. If we get at 3K you will say the same for 1K. You had 4 months from Dec 2018 to April 2019 to buy at 3K and you didn't. And besides, one year ago the crash happened because there were no indications that the price will recover soon. I can't imagine how the weak hands that sold at 3K felt when the price hit 14K only 3 months later. I guess not good at all. Now the halving is only 5 months away. So to have expectations of reaching this low again is softly speaking unrealistic. I am just writing this so that you are not fooling yourself and one day to regret for underinvesting. The current price is beyond good for investing more. Surely, it may fall a bit more, but in the end will it make a difference, if you are a strong hand and hodl until 30-40-50-100K or whatever price target you choose? #stronghands

[Last of the V8s]

note to self: next time I run in to Roger Ver, must ask him, 'does Richard Heart swallow?'

https://www.youtube.com/watch?v=1UPLA9-ICJg
LIVE! Roger Ver and Richard Heart on Bitcoin, Ethereum, HEX, BCH, Blockstream, BitcoinCash & more.

[Last of the V8s]

https://wallstreetexaminer.com/2019/12/powell-spews-baby-poop-in-attempts-to-reassure-investors/

...
And the Fed and Wall Street are blaming regulatory bottlenecks? Give me an effing break.

The fact is that the overleveraged dealers with their bloated inventories know that any downtick in bond prices will destroy them and destroy the system. And the Fed knows it equally well. Because, as Powell noted, they talk to each other all day, every day in the context of their debt market rigging operations.

So, what follows is utter horseshit.
...

good stuff

[HairyMaclairy]

Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.

I'm going to enjoy watching this unfold.

The Brits are going to go kamikaze free market / deregulation.   They want to be the British Virgin Islands. A lot of people are going to make a lot of money out of this.  Sucks for the poor and vulnerable in the regions but they voted for it so fuck em.   This is going to be more fun than the break up of the USSR. 

[Last of the V8s]

Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.

I'm going to enjoy watching this unfold.

The Brits are going to go kamikaze free market / deregulation.   They want to be the British Virgin Islands. A lot of people are going to make a lot of money out of this.  Sucks for the poor and vulnerable in the regions but they voted for it so fuck em.   This is going to be more fun than the break up of the USSR. 

That's the spirit.
They just need to stop being poor.
I'm beginning to like you.
мoлoдeц

[HairyMaclairy]

man just readying that hurt my head. i am so glad i never got into apple products...

not that windows is remotely perfect, mind you...

it all sucks donkey balls

fucking computers man...sometimes I just have to go down and listen to the creek

Any reason you can’t run a Win7 box airgapped?

[HairyMaclairy]

Well, looks like the Brit gits are about to commit economic suicide. Thank heavens there is bitcoin so the people can exchange their worthless "pound" for something that will have value.

I'm going to enjoy watching this unfold.

The Brits are going to go kamikaze free market / deregulation.   They want to be the British Virgin Islands. A lot of people are going to make a lot of money out of this.  Sucks for the poor and vulnerable in the regions but they voted for it so fuck em.   This is going to be more fun than the break up of the USSR.  

That's the spirit.
They just need to stop being poor.
I'm beginning to like you.
мoлoдeц

Brexit ain’t gonna help them being poor.  Oh no sirree.   We gonna do red tape reduction.  We gonna get us some class A poker machines.  Next we are going to deregulate payday loans so Workington man can pay 900% interest per annum.  We are going to gut the Consumer Credit Act.  And GDPR?  Lol fuck privacy.  

[HairyMaclairy]

UK rejected hardcore red socialism in favour of softcore blue socialism ... meh.

If you believe that Boris is a blue socialist, I have a bridge to sell you.   

[Last of the V8s]

omg news at ten people have to take responsibility for themselves - innovative shocker

[HairyMaclairy]

Like I said.  There is a shit ton of money to be made from people who don’t take responsibility for themselves.  Like ‘long acting’ opioids.  Great little earner.  

[Last of the V8s]

Like I said.  There is a shit ton of money to be made from people who don’t take responsibility for themselves.  Like ‘long acting’ opioids.  Great little earner.  

Well, 'money', but yes, no excuse for being poor in this land of opportunity.

I'm not up to speed on that exactly.
Are we selling off the NHS to whom, the Chinese fentanyl folks? idkwita or is that a US thing?
Marginally prefer those cunts to run it all but w/e

[mindrust]

I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.

What a beautiful morning, cheap coins feel good.

It is good that you continue to buy, I admire that. But the next part about 3K sounds to me like gembitz. He is notorious for his moronic "weeee" posts claiming that the price will fall 50% from the current point.
Yeah, I remember you said the same for getting to 8K, when we were nearly 14K, then 6K when we were at 11K, now 3K. If we get at 3K you will say the same for 1K. You had 4 months from Dec 2018 to April 2019 to buy at 3K and you didn't. And besides, one year ago the crash happened because there were no indications that the price will recover soon. I can't imagine how the weak hands that sold at 3K felt when the price hit 14K only 3 months later. I guess not good at all. Now the halving is only 5 months away. So to have expectations of reaching this low again is softly speaking unrealistic. I am just writing this so that you are not fooling yourself and one day to regret for underinvesting. The current price is beyond good for investing more. Surely, it may fall a bit more, but in the end will it make a difference, if you are a strong hand and hodl until 30-40-50-100K or whatever price target you choose? #stronghands

I know.

I have been buying no matter which way it goes. The truth is, I don't really care about the price. I DCA from any price I get. (I bought a lot when it was above 10k)

I am just getting a bit excited when it makes those big swings. I have the impression that pamoldar understands me the best here.

I swear I'll buy shit ton when we hit 6k.

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

*btw I did buy from 3k price range. I even bought some when it was below 3k. I'll share my graph soon.

**


See? I remember I said I slowed down my buys in May and increased them lately. This graph shows it perfectly. I am going parabolic again.