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

[realr0ach]

purging of value in shitcoins

With the slow motion collapse of imaginary, valueless, digital tracking and slavery system tokens, it is time to shed your Jewish slave name.  You will now purchase only physical metals from here forth and be known as FlaviusJuanGee.  Elwar, on the other hand, shall be granted a barcode on his forehead and continue to use digital slave tokens.

[nutildah]

This is most likely just a little December tax loss harvesting for the U.S. and any other countries where its applicable, the Bargain Boyz still aren't buying yet, but they will come out of hiding sometime before the halving (first half of January is my best estimate rn) for the final capitulation.

The Bargain Boyz got a nibble from $6840 - $6870. Apparently they think even greater discounts are yet to be found, but I certainly hope they are wrong. We have to remember that they last believed $6500s to be true bargain material.

[realr0ach]

Since you guys are noobs that don't know anything about markets, let me be the first to inform you of what's happening.  In markets that are complete scams controlled by a single entity like Goldman Sachs, they tend to always do their gay, fakeout dumps right before they do a pump.  The market will spike sharply down then immediately rise after.  HOWEVER, they ALSO do the same thing when forcing a market downwards - they create a fool's spike up and then dump it off a cliff.  

The latter is exactly what happened for anyone who isn't a fool and can look at the chart.  The market is a scam controlled by a single entity and they did their fakeout upwards and then forced it off a cliff on purpose.  The identity of this entity is either some Jew fag like Goldman Sachs, the Chinese mining monopoly scammers at Bitmain, or the ESF itself even.  There is no Bitcoin market.  It's completely fake like every other fraudulent Tesla derivative or other bullshit.  Don't sell anything because it's probably Bitmain and we need TONS of shoeshine boys to dump on them to make them lose money if they try to pump it after.

[DaRude]

Only 14 (+31) days until craig wright faketoshi will allegedly drive Bitcoin to $0 with his tulip trust stash. have to come up with the next lie to keep himself relevant.  Maybe Mr. Micg can rebuild his Bitcoin empire at really bargain prices.

Oh can't wait what intrigue he'll come up next, my money is on courtier will deliver the keys but some bits are ineligible but no worries his super brain will crack it, he just needs you keep believing until jan 2021

[LUCKMCFLY]

Interesting...

Just to shed some perspective on the #macro. Yes, it's early days still. But lets not overlook the fact that $BTC is already ahead of Australia and South Korea's fiats #bitcoin

Source: https://twitter.com/cryptojase/status/1206779553340784641

[realr0ach]

Another bullshit chart that claims there's like 10x more silver than there actually is, or that all the silver ever mined is actually sitting around in bullion bars when most of it was wasted in cheap electronics, unrecycled mirrors, etc, etc.

[VB1001]

Guys ..., head up, look ahead, chest out, WO, looks like a thread of weak hands. 

Stronghats

[mindrust]

This is mt gox all over again.

https://www.zerohedge.com/crypto/chinese-crypto-scammers-helped-inspire-recent-bitcoin-market-carnage

Stop predicting the bottom and start buying if you haven't already. These prices won't last long.

It feels weird to know that these cheap stolen coins originally were belonged to somebody else.

These are black market coins! :d

[realr0ach]

This is mt gox all over again.

https://www.zerohedge.com/crypto/chinese-crypto-scammers-helped-inspire-recent-bitcoin-market-carnage

Stop predicting the bottom and start buying if you haven't already. These prices won't last long.

Since this thread is the down syndrome zone, let me remind you of the real elephant in the room:  the entire future of Bitcoin relies on a dysfunctional, designed to be ultra-centralized, hub and spoke, permissioned ledger, bullshit contraption called Lightning Network.  For anyone who is even remotely intelligent and has done ANY type of cursory investigation into Lightning Network, that should really scare you.  For any of Bitcoin's perceived shortcomings or failures whether it's decentralization or anything else, all those problems are magnified ten fold in LN or simply don't work at all/make no sense to use.

I've already written my viewpoint on the subject numerous times talking about how LN is garbage and useless, and it's not just one or two major problems, there's basically hundreds of gaping holes in LN.  Don't have to trust me, do the research yourself.  Probably not the greatest LN thread, but here's one to get started off a cursory search (just read the comments):

https://www.reddit.com/r/CryptoCurrency/comments/9lv7kc/why_would_anyone_use_the_lightning_network/

[ðºÞæ]

This is mt gox all over again.

https://www.zerohedge.com/crypto/chinese-crypto-scammers-helped-inspire-recent-bitcoin-market-carnage

Stop predicting the bottom and start buying if you haven't already. These prices won't last long.

Since this thread is the down syndrome zone, let me remind you of the real elephant in the room:  the entire future of Bitcoin relies on a dysfunctional, designed to be ultra-centralized, hub and spoke, permissioned ledger, bullshit contraption called Lightning Network.  For anyone who is even remotely intelligent and has done ANY type of cursory investigation into Lightning Network, that should really scare you.  For any of Bitcoin's perceived shortcomings or failures whether it's decentralization or anything else, all those problems are magnified ten fold in LN or simply don't work at all/make no sense to use.

I've already written my viewpoint on the subject numerous times talking about how LN is garbage and useless, and it's not just one or two major problems, there's basically hundreds of gaping holes in LN.  Don't have to trust me, do the research yourself.  Probably not the greatest LN thread, but here's one to get started off a cursory search (just read the comments):

https://www.reddit.com/r/CryptoCurrency/comments/9lv7kc/why_would_anyone_use_the_lightning_network/

This is a Bitcoin discussion thread altcoins like Bitcoin Lightning Network (LNX) are discussed in altcoin section

[HairyMaclairy]

Our next inflection point is the long term support line on Bitstamp.  Once again, our tendency to sit on the support line like a duck on an egg, is not a good sign.  When this one breaks it should be a doozy.  But it could also be the capitulation bottom we so desperately need.



Detail:

[fillippone]

<...>
He tried throwing sticks and more yelling to no avail and ended up sitting on a rock some ways off until the badger got bored or had some other important badger stuff to do and wandered off.

Anyway, I shit you not, that's how he told it, I thought that fit here somehow.

Now, the phrase "Honey Badger don't care" has a meaning to me, living in the heavily hurbanised old Europe.

[HairyMaclairy]

Looking forward to seeing which of these lines holds.  Hopefully it is the base line support coming from down below.  

Well the base line is still holding for the moment.  Although the price pattern is not quite what I had in mind.

[El duderino_]

Only 14 days until craig wright will allegedly drive Bitcoin to $0 with his tulip trust stash.  Maybe Mr. Micg can rebuild his Bitcoin empire at really bargain prices.

Let’s hope so if I’m selfish 

[JSRAW]

Hairy, so sideways for this week?

[HairyMaclairy]

Hairy, so sideways for this week?

At our current price we collide with the support line on .... 25 December.  So theoretically could go sideways until then but seems pretty unlikely.

[Icygreen]

awesome snake story

So, totally NOT trying to one up, that was awesome, and reminds me of a little story that I think is appropriate here.
...
Anyway, I shit you not, that's how he told it, I thought that fit here somehow.

I feel like there is a lesson to be learned here but I can't quite put my paw on it.

Don't fuck with snakes or badgers however if the two shall twine, get popcorn bitcorn?

[Bossian]

Hairy, so sideways for this week?

At our current price we collide with the support line on .... 25 December.  So theoretically could go sideways until then but seems pretty unlikely.

Yep, 6k-6.4k area soon, but bounce back after that, January or February.

Forgot who posted this in this thread before but the patterns are extremely similar to March-April 2018.



It's important to note that the bounce back expected will be a failed rally. The bearish trend is still very clear at the moment. Nothing indicates a price above 11k anytime soon.

[d_eddie]

-snip-

d_eddie is going to be overdosing with batman slaps.

I did one for him too.  On another thread.    See this one linked here.

 

Feels good to get it out, doesn't it?

Oh my. That's The-Wall-(of-text)-Above-All! A lengthy battle seasoned with slaps. What more could one wish for?

-snip-

This ones for D_eddie!!!

Thanks Hueristic, thanks JJ. It feels good to see the old Bat still doing his thing.

[HairyMaclairy]

Hairy, so sideways for this week?

At our current price we collide with the support line on .... 25 December.  So theoretically could go sideways until then but seems pretty unlikely.

Yep, 6k-6.4k area soon, but bounce back after that, January or February.

Forgot who posted this in this thread before but the patterns are extremely similar to March-April 2018.



It's important to note that the bounce back expected will be a failed rally. The bearish trend is still very clear at the moment. Nothing indicates a price above 11k anytime soon.

Yes we will have a spike before the halvening.  But the halvening is in May.  It’s really not that long away and the supply side constriction will start to be felt within a month or so.  The idea we will be plumbing some new low in December 2020 is really highly unlikely.