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

[Gyrsur]

We may be an oligarchy but at least we don't believe in queens, barons, and knights. Do you also believe in dragons?

This is the ballot sheet of my local council election.



Problem with that?

VForstleiter - Orc

Der Scheiß Kopf - Trickster

 

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[Gyrsur]

it could be profit taking after the top ($9570) of professional players before the weekend.


(*) Bitstamp data timeframe 1h

[dragonvslinux]

@leb_crypto
Cup&Handle (purple) within a bigger potential Cup&Handle (blue).

$12.1k potential target before the halving event in May.



https://twitter.com/leb_crypto/status/1223183644006678528?s=21

Interesting perspective, I've seen an alternative version of a confirmed cup & handle pattern targeting $11,675, but the above chart is starting to look more relevant:



https://twitter.com/Sawcruhteez/status/1222309552475058176

That said, I don't like the fact that they result in bullish movements only 60% of the time, it's a bit too close to flipping a coin for me. I don't know what the probability is of reaching the target, but I'm assuming it's can't be much more than 50-55% if the pattern confirmation is only 60% reliable.

[HI-TEC99]

Good morning and good luck to all WO friends in the UK, it will be interesting to read your comments in the coming days.

Is anything special happening?

I bought Ode to Joy, the EU anthem, to make sure it's number one in the music charts on B word day. The rival is named '17 million Fuck Offs' which is a wonderful summary of the attitudes stirred up.

That won't surprise the French, who apparently refer to the English as les fuck offs.

[LUCKMCFLY]

The correlation efficiency between Bitcoin and Gold in this 2020 has been recorded as a maximum compared to the last 4 years.

According to Alex Kruger saw this growth:

“Bitcoin is in the process of becoming a macro asset as the market matures. In the meantime bitcoin is also a hedge against the TAIL-RISK of fiat systems collapsing, i.e. a put option on central banks without expiry.”

Twitter: https://twitter.com/krugermacro/status/1222024287240048645

Source: https://www.newsbtc.com/2020/01/31/bitcoin-actually-declines-off-of-political-uncertainty-bombshell-study-finds/

[jojo69]

2 girls 1 cup-n-handle

[Phil_S]

  /  

[vapourminer]

ive moved have surely caught the banks attention as any individual transfers over 10,000 USD get flagged. and i dont try to hide them (called layering? i forget. theres a term when avoiding hitting the 10k limit, like 9700, 8500 etc). so i do 10k on the dot chunks.

It's called smurfing/structuring.

Yeah, be very careful not to do it, as that adds even more risk for being tagged and reported. Multiple periodic under-the-limit (whatever it is in your country) transfers would rise all the flags.

Also, it is completely different to send/receive money from a "well-known" exchange (which most banks should have no issue with)... than to make multiple "undocumented" CASH deposits into the bank account and/or make/receive bank transfers to unknown individuals.

true, dat. come in with 10 grand cash and im sure someone will be wanting to talk to you as well as people lined up after that one.

at some point way back i had told them about coinbase and this account would mostly be an on/off ramp for btc. of course the fact that whenever i cashed out anything large i would cash out ~15 percent extra and stick it the bank CDs or something there for a year or whatever. that covered taxes and im sure they didnt mind holding on to it.

been lucky perhaps? but the bank seems awful fond of me for whatever reason.

[JimboToronto]

Good morning Bitcoinland.

I see we're down a bit from yesterday's $9.5k+ AYHs but still well over $9k... currently $9277USD/$12267CAD (Bitcoinaverage).

Taking a little breather is a good thing but let's get back to the rally soon.

Go Bitcoin go.

Or don't use a bank at all. Do it the Jimbo way. Bitcoin ATM, wallet sweep, cash in hand. No names, no IDs, no records. The anonymity is worth the 5% (or whatever it is) commission.

Unless you're talking large sums, in which case you need to be extra careful.

It's been over a year since I've used an ATM. Now all my transactions are OTC, anonymous.

My typical fee is 3% which is competitive with just about any exchange when you include the cost of transferring the fiat. Definitely a cheap price for anonymity.

It's also instant. When I buy dollars, they're being counted in the machine while I'm scanning the QR code and sending the satoshis to pay for them. The whole process takes seconds. Same when I'm selling dollars.

The most important thing is that I never expose my private keys or give up any bitcoins until the cash is being counted. The only period of risk is during that time after sweeping from cold storage, buying, or otherwise receiving bitcoins into a cellphone wallet application and before transferring them to other secure addresses, either my own or other peoples.

[Paashaas]

14 day incubation period?

... next 2 weeks are critical.

According to Aussie scientists the virus can go undetected for some time but those with it and not showing symptoms are still contagious. Scanning people for high temprature to detect a fever is not a reliable method so the virus can spread easy to others.

[d_eddie]

edit https://twitter.com/JackMallers/status/1222941238279708674?s=20

One of the reasons to check the WO at least once in a while - V8's findings... (This is one of the most bullish among recent posts IMO.) (Did I mention nice outfit BTW?)
+1

Didn't get that.
The article talks to me like I am a child.
Where is bitcoin there, exactly?
AFAIU, Strike has a LN node, you simply deposit cash from your bank account or debit card into Strike (as a prepay?), strike then "takes" your cash, 'virtually' exchanges it for btc in their "channels", use their channels to pay your LN invoice, debits your cash. They interact with btc, you don't (for payment). Is it a "good thing"? I dunno. Maybe I misunderstood their setup, but what exactly the following means?

Bank accounts and debit cards can now speak to nodes all over the world, and nodes all over the world can now speak to bank accounts and debit cards.

Apart from the simplistic language, there is some substance here it seems.

You can buy and sell btc through Strike. One more on/offramp can't be bad, even admitting functionality isn't at the top.

Although the service requires fiat custody in the shape of a bank account or debit card, it is noncustodial from a btc angle: if you buy btc, they go to your wallet rather than staying in your Strike account.

If selling, the fiat goes to your Strike balance. I assume it is reasonably easy to cash out in the case of a bank account. It might be trickier to cash out in the case of a debit card but hey, you can use the fiat for any payments anyway - not only Strike payments.

It actually uses btc as the underlying technology for value transfer.

Their story about the cannabis store in Colorado is a good example of easing payments in that grey area where credit cards and banks often refuse service. Depending on how anonymous QR codes or LN invoices can be, this is a good shot at uncensorable payments.

As a seller, you can opt to convert the payment in cash 100% - keeping volatility risk to a minimum - or 0%, getting your btc secured by your own wallet, your own keys - or any amount in between.

Looks big to me. I'm hoping it takes off and invites imitation and competition in what can be a profitable business line.

[d_eddie]

2 girls 1 cup-n-handle

A new twist to the expression "party pooper"?

[hv_]

FUD ?

https://www.newsbtc.com/2020/01/31/bitcoin-investors-be-aware-kraken-finds-way-to-hack-into-trezor-hardware-wallets/

[Gyrsur]

2 girls 1 cup-n-handle

A new twist to the expression "party pooper"?

party pooper anywhere??

[VB1001]

Good morning and good luck to all WO friends in the UK, it will be interesting to read your comments in the coming days.

Is anything special happening?

I bought Ode to Joy, the EU anthem, to make sure it's number one in the music charts on B word day. The rival is named '17 million Fuck Offs' which is a wonderful summary of the attitudes stirred up.

The decision is firm, there is no going back, time will tell how it ends.

[LFC_Bitcoin]

2 girls 1 cup-n-handle

A new twist to the expression "party pooper"?

party pooper anywhere??

She might be carrying the Coronavirus!

Ahhhh, I’d still bareback & bounce.

[Globb0]

Ill be giving her the carnivorus

[vapourminer]

(called layering? i forget. theres a term when avoiding hitting the 10k limit, like 9700, 8500 etc). so i do 10k on the dot chunks.

"structuring" is the term, words are important in this context, like the difference between evading and avoiding...

yeah thats it.

i know that if you try and hide it (legal terms blur in my mind but i understand the clear meaning: dont F*** with us as we will know , you will get boned big time, and with the utmost care.

bleh, no thanks.

so i figure i might as well be obvious, toss some 10k deposits in for a period of time. its like "LOOKIT ME!"

nothing happened.

[LFC_Bitcoin]

@scottmelker
CME Bitcoin Futures expire in 15 minutes. That is all.
https://twitter.com/scottmelker/status/1223271074705506309?s=21

[JayJuanGee]

Ehi!
One of us fellow WOer has just been interviewed!

https://twitter.com/staciewaleyko/status/1222940338442113024?s=12

“This is called “Ogliarcy!O...G...L...I...C...H...Ogligarcy!...Something like that!”

Bitcoin fixes that, by the way.

https://twitter.com/staciewaleyko/status/1222940338442113024?s=12

Oh hell yeah, a bitcoin expert, oo the credibility, the exposure here we go. Hmm T shirt is tingling my spidey sense.

Goes on to proclaim on subjects such as alien abduction and Jesus

Groan

Hahahahha

Yeah... he is trying to cover too many topics... and to make too many connections... like the alien abductions stop when you find god....  and oligarchy is not really that difficult... but maybe it was the first time that he had attempted to say it outloud when he had just seen it in writing previously.. just happened to be in front of a camera...

He did say that bitcoin fixes this and that he is a bitcoin expert....    like one of the commenter said in the thread, "he is not wrong"... hahahhaha