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

[d_eddie]

via Imgflip Meme Generator

Is that Mary with a beard?

Like mother, like son.

 Hey!  I don't wear yoga shoes.

I'll grant the benefit of doubt on this one, but maybe she designs hats?

[AlcoHoDL]

Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions:

1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.

Verba volant, scripta manent.

Let's see her in 3 years, when she'll be FOMOing the $100k/BTC train...

First they ignore you,
then they laugh at you,
then they fight you,
then you win.

[Majormax]

She is right at what she is posting latter. But the first post you quoted is really silly. Bitcoin price is so unstable that will be way different next week not just a year from now. The point she is right about is that future trading makes bitcoin more stable. So growths and declines will be less sharp. Both ways will be more stable not just the way up. And that is good, money need to be as stable as can be.

The first serious derivative salvo arrived just at the death of the last bubble and since then it's been a steady decline into poo soup.

She's right to raise the possibility. That's unquestionably where most of the 'institutional investors' will prefer to go, but everything flies out the window if there's proper a bubble on or the sniff of one.

We need all this new guff to be present for another 2-3 complete cycles before its effects can be properly analysed. Until then it's just groping in the dark.

As posters have said, nobody can claim to know for sure, and that includes the most bullish cheerleaders....

So, there is indeed a possibility that BTC does not rise due to the next halving. There have only been 2 halvings so far, way too little for a certain judgment.  Price is always dependent on demand first and foremost... supply is important, but it is secondary.

The next bubble, if and when it happens , will have to be a function of a very large amount of fresh capital entering the market. The numbers required are much larger now than in previous bull phases.

[AlcoHoDL]

She is right at what she is posting latter. But the first post you quoted is really silly. Bitcoin price is so unstable that will be way different next week not just a year from now. The point she is right about is that future trading makes bitcoin more stable. So growths and declines will be less sharp. Both ways will be more stable not just the way up. And that is good, money need to be as stable as can be.

The first serious derivative salvo arrived just at the death of the last bubble and since then it's been a steady decline into poo soup.

She's right to raise the possibility. That's unquestionably where most of the 'institutional investors' will prefer to go, but everything flies out the window if there's proper a bubble on or the sniff of one.

We need all this new guff to be present for another 2-3 complete cycles before its effects can be properly analysed. Until then it's just groping in the dark.

As posters have said, nobody can claim to know for sure, and that includes the most bullish cheerleaders....

So, there is indeed a possibility that BTC does not rise due to the next halving. There have only been 2 halvings so far, way too little for a certain judgment.  Price is always dependent on demand first and foremost... supply is important, but it is secondary.

The next bubble, if and when it happens , will have to be a function of a very large amount of fresh capital entering the market. The numbers required are much larger now than in previous bull phases.

Cost of production also plays a major part... Cutting production (per block) in half, while cost of production (per block) remains the same, could make mining unprofitable, unless the price rises.

Edit: Rephrased last sentence.

[makrospex]

All the kids in the house are sleeping, finally.
Time to wish you all a cozy christmas eve 
#hodl

[Globb0]

Working on the same outcome

[Raja_MBZ]

Best performing investments of the decade:

https://twitter.com/JamesTodaroMD/status/1209523537217806341

[Majormax]

...Cutting production (per block) in half, while cost of production (per block) remains the same, could make mining unprofitable, unless the price rises.

..but it doesn't actually affect the price per se. Mining becomes unprofitable, hashrate falls, difficulty falls. The price drives this action, this action doesn't drive the price. Aggregate demand is always key to price changes, and it dances mainly to other tunes.

[LUCKMCFLY]

Nice ..

Bloomberg and
@TheStalwart
 🤣🤣🤣
Last year (2018) you compared bitcoin to tulips and predicted btc would go to zero in 2019 or 2020.
Have You No Shame?

Source: https://twitter.com/100trillionUSD/status/1209455953587974144


Merry Christmas WO!

[El duderino_]

Working on the same outcome

I have been blessed this evening with

-Not being the one with children to take care for
-Been invited and doing all the messy stuff in “not my house”
-Being served lot of alcoholic drinks
-Fine food better as my last outdoor meal for sure
-Few nocoiners at the table (that’s not being blessed)——> what is is that they are quiet
-.........
-More wine is being served!

[Biodom]

I was watching Expanse for the first time.
There are some cultural references in that show that might apply here as well.

1. It is unlikely that bitcoin would be accepted by a majority of populace.

2. Accordingly, we need to care more about bitcoin and bitcoiner's than to actively proselytize.

3. Instead, we should try to create our own culture and facilitate this process. Others can join on their own (where and when THEY are ready).

4. Maybe, we should even try to introduce new words/language to help with culture distinction. This is already happening, slowly. Obviously, this is a spontaneous process.

Mind you, it looks like our culture is already under pressure:

https://www.youtube.com/watch?v=q6odnm_X0jI

[Globb0]

Working on the same outcome

I have been blessed this evening with

-Not being the one with children to take care for
-Been invited and doing all the messy stuff in “not my house”
-Being served lot of alcoholic drinks
-Fine food better as my last outdoor meal for sure
-Few nocoiners at the table (that’s not being blessed)——> what is is that they are quiet
-.........
-More wine is being served!

I am bringing the family into the 4k universe

[El duderino_]

Working on the same outcome

I have been blessed this evening with

-Not being the one with children to take care for
-Been invited and doing all the messy stuff in “not my house”
-Being served lot of alcoholic drinks
-Fine food better as my last outdoor meal for sure
-Few nocoiners at the table (that’s not being blessed)——> what is is that they are quiet
-.........
-More wine is being served!

I am bringing the family into the 4k universe

We are playing a game..... “de slimste mens” I’m leading the game in the first round as we speak

via Imgflip Meme Generator

[JayJuanGee]

She is right at what she is posting latter. But the first post you quoted is really silly. Bitcoin price is so unstable that will be way different next week not just a year from now. The point she is right about is that future trading makes bitcoin more stable. So growths and declines will be less sharp. Both ways will be more stable not just the way up. And that is good, money need to be as stable as can be.

The first serious derivative salvo arrived just at the death of the last bubble and since then it's been a steady decline into poo soup.

She's right to raise the possibility. That's unquestionably where most of the 'institutional investors' will prefer to go, but everything flies out the window if there's proper a bubble on or the sniff of one.

We need all this new guff to be present for another 2-3 complete cycles before its effects can be properly analysed. Until then it's just groping in the dark.

As posters have said, nobody can claim to know for sure, and that includes the most bullish cheerleaders....

So, there is indeed a possibility that BTC does not rise due to the next halving. There have only been 2 halvings so far, way too little for a certain judgment.  Price is always dependent on demand first and foremost... supply is important, but it is secondary.

The next bubble, if and when it happens , will have to be a function of a very large amount of fresh capital entering the market. The numbers required are much larger now than in previous bull phases.

I read your post as being exceedingly cautious, Majormax, and you already likely recognize that I continue to believe that there is a bit more underlying buying pressures than the amount that you seem to be willing to accept present.  Furthermore, supply is a pretty damned underlying force, whether you want to categorize it as "secondary" or not...  supply is a kind of hard pressure that inevitably ends up biting the bears in the ass.. especially any of them who under estimate its power, after they are manipulating down for much longer and much lower than can be contained and ends up resulting in a lot of irrational and uncontainable upwards FOMO buying... which is likely going to be another history that repeats itself... surely not guaranteed in any kind of way, but a seeming likely outcome... time and degree to be determined.   

[fillippone]

Just made an absolute whale move that will shake the market.

0.0339BTC buy - Feel the tremor.

Edit - Hey guys, I had a thought for the new poll. WO poster of the year?
Could be fun?

Like the idea, lots of contestant too! I guess selecting the nominees will be as fun as voting and picking the right one!

[Majormax]

I read your post as being exceedingly cautious, Majormax, and you already likely recognize that I continue to believe that there is a bit more underlying buying pressures than the amount that you seem to be willing to accept present.  Furthermore, supply is a pretty damned underlying force, whether you want to categorize it as "secondary" or not...  supply is a kind of hard pressure that inevitably ends up biting the bears in the ass.. especially any of them who under estimate its power, after they are manipulating down for much longer and much lower than can be contained and ends up resulting in a lot of irrational and uncontainable upwards FOMO buying... which is likely going to be another history that repeats itself... surely not guaranteed in any kind of way, but a seeming likely outcome... time and degree to be determined.   

You are quite right. I think it wise to be cautious.

I wouldn't categorise supply as a 'force', but demand acts more like the pressure. If you had to say which was more active and which more passive, how would you label them ?

Supply is more a variable which is acted upon by demand, and I suppose that is my point in saying that the effect of halving is not a given. Only when demand is absolutely assured and permanent does supply become the active variable.

[HI-TEC99]

Happy Christmas

[Arriemoller]

I read your post as being exceedingly cautious, Majormax, and you already likely recognize that I continue to believe that there is a bit more underlying buying pressures than the amount that you seem to be willing to accept present.  Furthermore, supply is a pretty damned underlying force, whether you want to categorize it as "secondary" or not...  supply is a kind of hard pressure that inevitably ends up biting the bears in the ass.. especially any of them who under estimate its power, after they are manipulating down for much longer and much lower than can be contained and ends up resulting in a lot of irrational and uncontainable upwards FOMO buying... which is likely going to be another history that repeats itself... surely not guaranteed in any kind of way, but a seeming likely outcome... time and degree to be determined.   

You are quite right. I think it wise to be cautious.

I wouldn't categorise supply as a 'force', but demand acts more like the pressure. If you had to say which was more active and which more passive, how would you label them ?

Supply is more a variable which is acted upon by demand, and I suppose that is my point in saying that the effect of halving is not a given. Only when demand is absolutely assured and permanent does supply become the active variable.

Well, supply will be cut in half, and unless you also believe that demand will be cut in half at the exact same time, price will rise. It's really that simple.

[Biodom]

check this out...disappearing stars? That's new.

https://www.extremetech.com/extreme/303769-astronomers-identify-100-stars-that-went-missing-over-time-for-unknown-reasons

bitcoin is unaffected...unless we are all living in some kind of virtual reality.

[Arriemoller]

Back home now from Xmas dinner and present giving. I must have been good cause I got a thousand dollar check for Christmas. And a book and a box of chocolates and a lot of cat food and a hot air fryer that was on sale and some other stuff.



No, it wasn't just me and Santa, the rest of the family is out of the picture for reasons.

I hope you also got some good stuff from underneath the Christmas tree, and I wish you all a Very Merry Christmas.