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

[Icygreen]

just now found out Neil Peart died...



fuck

Damn, they just don't last long in this industry, except Mick Jagger for some reason.
Fame and fortune favor few. RIP

Daily candle just closed at $8200, Did not see that coming.

[1714092548]

1714092548

[kurious]

just now found out Neil Peart died...

fuck

I loved Rush when I was a teenager (in spite of Neil's dubious lyrics for Geddy) - actually went to see them live once Moving Pictures tour - Neil had the biggest gong ever in a kit that had so many pieces it was ridiculous.  Bless 'em.  Permanent Waves, 2012...

RIP, or maybe rest in a perfectly tuned snare drum...

[LUCKMCFLY]

The high correlation of Bitcoin and Gold makes many optimistic ..

Kang admits here that it’s possible that the rise and fall in response to the conflict was probably triggered by speculators. However, regardless of that possibility, Kang says that people have a stronger “belief in BTC as a hedge to global uncertainty, leading to more people trading BTC on macro events.”

Via twitter: https://twitter.com/Rewkang/status/1214983190881787905?s=20

Source: https://paulcrypto.com/2020/01/10/how-bitcoins-high-correlation-to-gold-and-other-sovs-is-strangely-bullish-for-btc/

It may prove to be an advantage to have at least a correlation with gold and that Bitcoin has a low correlation with other Stock Market actions ...

[kurious]

Bitcoin is not gold - it's totally different.  More portable, more covenient... I could go on...

To be put in a box and degraded to a simple digital version of an old-fashioned asset is degarding.

Bitcoin FTW. End of.  

New paradign, world resesrve currency - or bust.

Mesdames et messieurs: Faites vos jeux?

Disclosure: I have no investmets in gold.

[efialtis]

Bitcoin is not gold - it's totally different.  More portable, more covenient... I could go on...

To be put in a box and degraded to a simple digital version of an old-fashioned asset is degarding.

Bitcoin FTW. End of.  

New paradign, world resesrve currency - or bust.

Mesdames et messieurs: Faites vos jeux?

Disclosure: I have no investmets in gold.

Rien ne va plus! 

[bitserve]

Decided as of Monday I'll be bearish 



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

Mmmhhh, what has changed your mood about it? That channel was already there. The only news of the past few days is that after the pump to 8.4K it retraced to retest 7.8K as expected and bounced back nicely. Next step could be some sideways and maybe then breaking upwards outside the channel.

I mean, it could also go back down as you say, but TA (if that's what you prefer) hasn't changed and price dynamics have been very positive lately.

$5.6K looks bearish AF at this time but hey, everything is possible.

[JayJuanGee]

Decided as of Monday I'll be bearish  



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

Mmmhhh, what has changed your mood about it? That channel was already there. The only news of the past few days is that after the pump to 8.4K it retraced to retest 7.8K as expected and bounced back nicely. Next step could be some sideways and maybe then breaking upwards outside the channel.

I mean, it could also go back down as you say, but TA (if that's what you prefer) hasn't changed and price dynamics have been very positive lately.

$5.6K looks bearish AF at this time but hey, everything is possible.

Sometimes placing an order (or a short) can change an otherwise seemingly reasonable person's perspective, even though the facts may not have changed as much as the fact as their book has changed.   Hahahahahahaha  ..

TLDR:  pre-emptive "sorry for your loss dragonvslinux" (ditto whiteboy420).(not really). shouldn't be shorting king daddy in a likely bull market.  

[smartcomet]

https://twitter.com/RiverFinancial/status/1215678437265833984

Today we honor Hal Finney, a true cypherpunk.
We honor his optimism.
We honor his bravery.
We honor his humility.
We honor his love for programming.

Read more about his journey into #Bitcoin and his final days in his post "Bitcoin and Me(Hal Finney)."
https://bitcointalk.org/index.php?topic=155054.0

[Hyperjacked]

Decided as of Monday I'll be bearish 



New target: $5,600, until proven otherwise. Fits with the bear channel we're in that everyone else has already identified.
Going to put my short-term bear cap back on folks.

Boom boom boom n a zoom zoom...

[bitserve]

Sometimes placing an order (or a short) can change an otherwise seemingly reasonable person's perspective, even though the facts may not have changed as much as the fact as their book has changed.   Hahahahahahaha  ..

Maybe... but then again, BEFORE deciding to put a short you obviously had already changed perspective, dontchathink?

So, in a way, talking your book should be, in most cases, the same as saying YOUR truth.

(Except for people purposedly trying to deceive others for obscure reasons, which is not the case here).

[bitserve]

Small update on my Bitcoin ATM "Observer":

Current installed base has almost reached 6500. Current rate daily installations is again at peak rate of more than 10 each day. There is some reasonable probability that we could end this year not far of the amazing amount of 10000 Bitcoin ATM's worldwide.


 

[JimboToronto]

Good evening Bitcoinland from my air-conditioned hotel room in Playa del Carmen.

So far so good. I got in here yesterday and the price was about $7.8k and now it`s up over $8.2k... currently $8232USD $10743CAD (Bitcoinaverage).

Hopefully we can put that crap to rest about my travels south somehow causing the price to fall. It was getting annoying.

[JayJuanGee]

Sometimes placing an order (or a short) can change an otherwise seemingly reasonable person's perspective, even though the facts may not have changed as much as the fact as their book has changed.   Hahahahahahaha  ..

Maybe... but then again, BEFORE deciding to put a short you obviously had already changed perspective, dontchathink?

So, in a way, talking your book should be, in most cases, the same as saying YOUR truth.

(Except for people purposedly trying to deceive others for obscure reasons, which is not the case here).

Fair enough.   I am likely exaggerating a bit regarding the book-talking.. and surely, none of us really know which way the BTC price is going to go in the short term.. and whether there really needs to be further down, such as below $6,424 or even as low as the $5,600 that dragonvslinux is targeting, and there would likely be only slight marginal benefits to changing the opinions of others within forums like this... I would presume... but hey, maybe this thread is MOAR powerful than I would have previously thought?
 
Surely, I would, personally prefer up (or at least NO further downs below our local low of $6,424), and I get a bit bothered by the "down before up" proclamations that frequently come off as more certain than they deserve because I have witnessed those proclamations being wrong so many times in bitcoin's historical price performance circumstances that seemed to have been very similar to this.  We can only get so much down... or squeeze so much juice out of this lemon...

In other words, continuing to expect a decent amount more down, when there has already been quite a bit of down, seems more like wishful thinking rather than anything that might be beyond 50/50 odds.. or maybe if there is some luck, the odds of further down could be 60/40.... but they are no way near the level of certainty that seems to be expressed in the way that dragonvslinux typed out his proclamation... so I suppose I am making fun of those seeming certainties in the proclamations... while wishing for the gratuitous opposite of REKKT bearshorts.

[infofront]

Good evening Bitcoinland from my air-conditioned hotel room in Playa del Carmen.

So far so good. I got in here yesterday and the price was about $7.8k and now it`s up over $8.2k... currently $8232USD $10743CAD (Bitcoinaverage).

Hopefully we can put that crap to rest about my travels south somehow causing the price to fall. It was getting annoying.

Countertrend. Now every time you travel south, the price must go up. You know what you must do.

[HairyMaclairy]

We are tracking nicely if a touch high.  All within the margin of error. 

[LUCKMCFLY]

Seeing some news I have now come across this: "Expert says gold and bitcoin prices are not correlated", which emphasize the Non-Correlation of gold and Bitcoin, in my previous post they give some arguments to believe that yes, it is really curious to run into With two types of thoughts. In this article: Expert says gold and bitcoin prices are not correlated

“On standard economic and financial measures, gold and bitcoin are at opposite ends of the spectrum — gold is historically a safe haven while bitcoin is a risky asset. Gold is a physical asset that will be valued for decades to come (and been a reserve of value for centuries) while bitcoin is a string of numbers on the computer that may change overnight, ”Cartwright told Decrypt.

What is certain is that when there were those war drums Bitcoin behaved as a refuge of value, even if temporarily but it did.

The high correlation of Bitcoin and Gold makes many optimistic ..

Kang admits here that it’s possible that the rise and fall in response to the conflict was probably triggered by speculators. However, regardless of that possibility, Kang says that people have a stronger “belief in BTC as a hedge to global uncertainty, leading to more people trading BTC on macro events.”

Via twitter: https://twitter.com/Rewkang/status/1214983190881787905?s=20

Source: https://paulcrypto.com/2020/01/10/how-bitcoins-high-correlation-to-gold-and-other-sovs-is-strangely-bullish-for-btc/

It may prove to be an advantage to have at least a correlation with gold and that Bitcoin has a low correlation with other Stock Market actions ...

[OROBTC]

Seeing some news I have now come across this: "Expert says gold and bitcoin prices are not correlated", which emphasize the Non-Correlation of gold and Bitcoin, in my previous post they give some arguments to believe that yes, it is really curious to run into With two types of thoughts. In this article: Expert says gold and bitcoin prices are not correlated

“On standard economic and financial measures, gold and bitcoin are at opposite ends of the spectrum — gold is historically a safe haven while bitcoin is a risky asset. Gold is a physical asset that will be valued for decades to come (and been a reserve of value for centuries) while bitcoin is a string of numbers on the computer that may change overnight, ”Cartwright told Decrypt.

What is certain is that when there were those war drums Bitcoin behaved as a refuge of value, even if temporarily but it did.

The high correlation of Bitcoin and Gold makes many optimistic ..

Kang admits here that it’s possible that the rise and fall in response to the conflict was probably triggered by speculators. However, regardless of that possibility, Kang says that people have a stronger “belief in BTC as a hedge to global uncertainty, leading to more people trading BTC on macro events.”

Via twitter: https://twitter.com/Rewkang/status/1214983190881787905?s=20

Source: https://paulcrypto.com/2020/01/10/how-bitcoins-high-correlation-to-gold-and-other-sovs-is-strangely-bullish-for-btc/

It may prove to be an advantage to have at least a correlation with gold and that Bitcoin has a low correlation with other Stock Market actions ...

If I were to guess, I would think that BTC and Au have a small but real positive correlation.  Someone with more skills and data than I have should do a good study on that.  Certainly in times of real geopolitical trouble one would expect both to go up in price as both are refuges from the financial system.

Until that time, I will HODL both BTC and gold.  

[Hueristic]

Good evening Bitcoinland from my air-conditioned hotel room in Playa del Carmen.

So far so good. I got in here yesterday and the price was about $7.8k and now it`s up over $8.2k... currently $8232USD $10743CAD (Bitcoinaverage).

Hopefully we can put that crap to rest about my travels south somehow causing the price to fall. It was getting annoying.

Countertrend. Now every time you travel south, the price must go up. You know what you must do.

Sorry Jimbo you gotta got Antarctica now, yah know take one for the team.

[lightfoot]

On the bad side I just found out Neil Peart is dead. There goes my hero.

[bitebits]

Most of you are legends, ...

Legendary status correlates to making many posts [...]

Nowadays, yes. While collecting merits. But there are members that got legendary for mostly just being around a lot, pre-merit era. Although I believe the merits are serving their purpose for more quality posts, the most wordy are not almost contributing the most.

Believe lurking should be rewarded as well. Would like to be able to hand out more merits to quality posts, while not being an active poster myself.