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

[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!

[HairyMaclairy]

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 ...

Too early.  A $12.8k bottom after breaking ATH in 2021. 

[akhjob]

Bitcoin is the most auditable blockchain

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-37f

[realr0ach]

Bitcoin is the most auditable blockchain

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-37f

Yes, a Chinese social credit score, cashless society slavery system for Jewish parasites to monitor goyim cattle in real-time is supposed to be auditable, you fucking moron.  I wouldn't bet the farm on Jewish digital slavery tokens, though.  Kind of hard to operate a digital slavery system if you don't exist:

Rabbi Predicts A Holocaust For Jews In America If Ruinous Jewish Usury Is Not Stopped

https://christiansfortruth.com/rabbi-predicts-a-holocaust-for-jews-in-america-if-ruinous-jewish-usury-is-not-stopped/

[Paashaas]

https://twitter.com/CryptoScamHub/status/1207497820875325441

[LUCKMCFLY]

The best option for protection against possible recession is Bitcoin.

Global debt is fast making fiat money worthless (see chart).

At $10 million per Bitcoin, Bitcoin provides a sufficient reserve to alleviate the world’s debt burden.

'Old money' will see this soon... #bitcoin #HODL #BTC

Source:https://twitter.com/CryptoDataHound/status/1207532871474237440

[VB1001]

Well, I'm glad to get up and see 7150, but we're not out of danger yet,
we have to get to the battle for 8,000/8150, until we get there, the bears will be fighting.

[El duderino_]

Where Do we wanna go from here?? Someone can fill in that question ? 

[Cryptotourist]

Jupiter moon - Europa.
Right after the slingshot effect.

[ivomm]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

[JSRAW]

@JJG, I got confused for a sec then i realized mhmm.... okay

[LFC_Bitcoin]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

Now that is interesting, what will the break even price be after the halving?

[nutildah]

Today was a great day for America BTW.



Trump finally impeached. He belongs to yet another very exclusive club now.

It was more symbolic than anything, but at least now maybe future presidents will think twice before asking foreign leaders to investigate their political rivals.

I'ma go ahead and attribute today's pump to this  

[bitserve]

Where Do we wanna go from here?? Someone can fill in that question ?  

Nobody can predict the next movement these days. But considering how fast the price recovered from yesterday's crash, I think the next target is $8200. I don't know yet who sold so much in the last months, but this wasn't a mass sell off like in 2018. I have a gut feeling that their bitcoin bag is now empty, so I wouldn't be surprised if we jump and this time stay above 10K in the following weeks. If my gut feeling is not quite right, we may be in pains for the next weeks with jumps and falls around 7K. It is less probable that the bears attempt a new attack on $6500, this will cost them too much. At least they don't have the support of the miners, who are still on a loss right now. The hashrate compared to the last year doubled, so for the miners for example the price $3200 in 2018 is equal to $6400 now.  I think that the break even price considering the electricity and all maintenance costs right now is around $7-8K.

Now that is interesting, what will the break even price be after the halving?

All factors being equal, well, double (ie: $15K)

But then, if prices also increases it is predictable hashrate will too, so more than double.

There is always the possibility of price not increasing and then hashrate decreasing while maintaining the cost per BTC mined.

So... we don't really know... but double is most "safe" answer.

Or was it a rethorical question? lol

[HairyMaclairy]

Where Do we wanna go from here?? Someone can fill in that question ? 

More down before up imho.

[El duderino_]

Where Do we wanna go from here?? Someone can fill in that question ? 

More down before up imho.

Deeper as where we just went??