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

[lightfoot]

Oh great. It's going to go back to 9000 again and we'll be bitching about that.

Again.

[Biodom]

CR7 took his cue from bitcoin...what a crazy jump+levitation. wow.

[El duderino_]

CR7 took his cue from bitcoin...what a crazy jump+levitation. wow.

Only 2m56cm..... we aim higher....

[LFC_Bitcoin]

Can’t sleep!
Actually feeling uber bullish, looking at S2F & loads of positive tweets.

Feeling very excited about our future gentlemen.

[Icygreen]

A good morning indeed. A $1000 relief rally or is the bottom in? Personally not yet convinced on a bottom, I'd expect a longer grind for conviction but whadoIknow, anywho, bought a bit on the way down as it crossed 6,600 so I can feel smart today

[marcus_of_augustus]

can we see the bottom now?or now?

[Bitcoinaire]

Damn you plus token! Here's the dump.

Whale Alert
@whale_alert
20m
🚨
  789,525 #ETH (105,099,509 USD) transferred from PlusToken to unknown wallet

https://twitter.com/whale_alert/status/1207464036142596096

[JayJuanGee]

Damn you plus token! Here's the dump.

Whale Alert
@whale_alert
20m
🚨
  789,525 #ETH (105,099,509 USD) transferred from PlusToken to unknown wallet

https://twitter.com/whale_alert/status/1207464036142596096

What is ETH?

[Icygreen]

can we see the bottom now?or now?

I retract my previous comment, forgive me lord, Icy THE bottom!

[jupiter9]

Bakkt is going to set a new record today:

∙ Today's volume so far: 6162 BTC ($44.44 million)
∙ Last traded price: $7,213
∙ Trading day progress: 67%
∙ Current daily Bakktarget™: 7106 BTC ($51.25 million)

https://twitter.com/bakktbot/status/1207438396332883970

Previous record was 5671 BTC on Nov 27th

Going to smash the previous record. Halving approaching, big players starting to move?

Volume at historical max
Open interest at historical max
Options trading
Longs on Bitfinex at historical max
5 months to halving
Miners near capitulation
News of adoption everywhere.

No reason not to stack every sats.

See you in 9 months.

Longs on max are very bearish sign. Too much of good news are bearish sign. They might be a bull sign for the future.

[realr0ach]

You used to come off as a fairly normal guy back in 2015.

Dumb post as usual.  Anyone who's not mentally retarded can tell words like "globalists", "deep state", and "neocons" mean nothing more than international Jewry.  The evil cult of Judaism is an inbred, mentally insane, psychopathic, evil cult, which is why they keep pushing and pushing well past the point any sane person would until everyone and their mom knows it's them causing the problems and then they get expelled or exterminated.  It's happened like a cyclical act of the universe hundreds of times in hundreds of different countries now.  But with all that precedent, the 300th time it happens in a row is a "conspiracy theory", right?

[LUCKMCFLY]

I recognize the effort of the bulls to contain $ 6.4k and boost the price to $ 7.2k

Bitcoin $BTC has apparently held at important support

Via Twitter: https://twitter.com/PeterLBrandt/status/1207367441594093569

If bulls are able to hold the cryptocurrency above its previous support level at $7,000 in the near-term, bulls may be able to shift the tides of the recent downtrend back into the favor of buyers, potentially allowing for Bitcoin to post a bullish close to 2019.

Source: https://www.newsbtc.com/2019/12/19/how-bitcoin-avoided-a-much-deeper-pullback-with-a-timely-reaction-from-bulls/

[realr0ach]

If S2F fails to materialise, would be the biggest delusion ever

Of course it's a delusion.  Stock to flow only works on real commodity resources with some form of inelastic demand.  Bitcoin isn't a real commodity.  If 'stock to flow' worked on imaginary, valueless digital timestamps, it would work on all five billion "altcoins" too, but it doesn't.  You don't get to pretend that complete failure of the model doesn't exist.  All imaginary timestamps are Keynesian scams based on artificial scarcity, but plenty of those altcoins also appeared to follow stock to flow on their way upwards and then just imploded back to zero again.

But the REAL red flag of this scammer named "PlanB" who is promoting this nonsense is his claim that "silver is not a monetary metal, only gold is".  Virtually the only people who attempt to push that viewpoint/propaganda on people are central bankers and their puppets because they have a much harder time controlling silver.  Hell, even copper is still a monetary metal in currently circulating coins for fucks sake!  Yet silver is not?  LOL, ok fucking kike.  Why is nobody asking for the real identity of this PlanB scammer?  I promise you it's someone like Larry Summers or a Goldman Sachs puppet.

[marcus_of_augustus]

Bitcoin $BTC has apparently held at important support

... worth noting here, this represents the first doubling of the bottom from $3.2k to $6.4k.
Took ~14 months so setting the cadence for the new bull wave inside the secular mega-bull trend.
Expect a $12.8k interim bottom in ~7months, July 2020?

Also mostly in line with masterluc's amazing call from way back when ...

[realr0ach]

Expect a $12.8k interim bottom in ~7months, July 2020?

Your viewpoint, just like everyone else who claims the price is somehow guaranteed to go up at a 45 degree angle to infinity due to the Keynesian, artificial scarcity event known as the halving, overlooks the fact there has to be an actual buyer for whatever price you artificially try to rig it to.  If JayJuanGeeCoin exists and JayJuanGee corners the entire market and artificially rigs the price to $1 billion each, is the price $1 billion if there's nobody willing to buy one for that?

So we have this Keynesian false god named Satoshi who created the ultimate scam where the price needs to double every four years for the market to not implode, and after a handful of halvings - through extreme market rigging from the criminal owners of MtGox and Bitfinex - it has not imploded yet because they artificially rigged it higher.  But halvings should be looked at more like a monetary crisis than benefit because they're obviously not sustainable. Maybe the criminals who own Bitfinex try to rig it to your new target and there's zero retail buyers making virtually every single miner unprofitable all at the same time and it's game over.

[Bitcoinaire]

Damn you plus token! Here's the dump.

Whale Alert
@whale_alert
20m
🚨
  789,525 #ETH (105,099,509 USD) transferred from PlusToken to unknown wallet

https://twitter.com/whale_alert/status/1207464036142596096

What is ETH?

My thinking is if they dump, it may bring crypto down together.

[JayJuanGee]

Expect a $12.8k interim bottom in ~7months, July 2020?

Your viewpoint, just like everyone else who claims the price is somehow guaranteed to go up at a 45 degree angle to infinity due to the Keynesian, artificial scarcity event known as the halving, overlooks the fact there has to be an actual buyer for whatever price you artificially try to rig it to.  If JayJuanGeeCoin exists and JayJuanGee corners the entire market and artificially rigs the price to $1 billion each, is the price $1 billion if there's nobody willing to buy one for that?

No one is claiming that BTC price is guaranteed to go up, you dipwad.

There are models that predict the price and price direction, and surely if the price moves too far out of line with the predictions of the models, then the model might become negated by empirical evidence.

Your attempted use of a coin, such as JJGcoin, remains a stupid-ass strawman argument, at best.  Bitcoin is way the fuck broader of a market than just a small group of people, and such liquidity has been growing over the past 10 years and continues to grow, which throws a BIG ass monkey wrench in your own lame-ass seemingly bitter and resentful attempts at a model that attempts to get you back in the market below your $700 sell price in 2016, which seems way the fuck unlikely to happen.  Sorry about your loss.... (I take that back... no I'm not sorry for your loss.. with your level of ongoing demonstrations of dumb and unwillingness to learn, you seemed to have deserved getting left behind by the bitcoin train and having had an expression named after your level of dumb... ie.. "getting roached."). 

[JayJuanGee]

Damn you plus token! Here's the dump.

Whale Alert
@whale_alert
20m
🚨
  789,525 #ETH (105,099,509 USD) transferred from PlusToken to unknown wallet

https://twitter.com/whale_alert/status/1207464036142596096

What is ETH?

My thinking is if they dump, it may bring crypto down together.

you mean that if they dump Ethereum, then bitcoin's price might come down too? It might... but I thought that the theory was that they PlusToken scammers were dumping BTC, too?  Even that is a pretty lame ass theory attempting to act as if bitcoin cannot absorb the dumping of 20k or 40k coins or whatever number of BTC they happen to have to dump, if that is what they are doing... which is also questionable if that is even happening.

[realr0ach]

Whale Alert
@whale_alert
20m

789,525 #ETH (105,099,509 USD) transferred from PlusToken to unknown wallet

That's another reason this entire market is a huge fucking scam.  Because someone can put up those $100 million in illiquid asset Ethereum as margin collateral and use it to short or long Ethereum, or even cross 'asset' contaminate Bitcoin and use it as collateral to long or short Bitcoin too.  If people are allowed to just print "collateral" out of thin air, then anything can be manipulated to infinity...or shorted to zero.  Which is why the only real collateral is physical commodity money that cannot be printed or conjured out of thin air (gold, silver, and copper).  And why Bitcoin - or anything else - doesn't have a valid price unless measured solely against those.

[d_eddie]

On a merit spree, fat finger pulls a double.  Luck of LUCKMCFLY.

Bottom from marcus...  well, my love is Emily.  Icygreen sees red.

bitserve's perspective.  vroom conjures a pump demon, picnic bear spots him.

JayJuanGee concise, as long as the ratt approves.  r0ach keep on r0achin.

#notsundayhaiku  Inspiration: JSRAW.  Thanks for all the fish!