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

[Pffrt]

I wish I'd been informed about Bitcoin before January 2013. I'd be rich now instead of merely comfortable.

Don't let you repeat this in 2030  

[rdbase]

200-day MA needs to hold

Maybe Plustoken Scammers are selling their Bitcoins

https://twitter.com/ErgoBTC/status/1236072541808029696

Bingo!
They are selling off the bitcoin on exchanges/leverage sites slowly and havent even depleted the entirety of their holdings yet.
A cryptowriter has been reporting on this in the last few days ever since the price dipped below $9k.
https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm
https://cryptoslate.com/why-the-bitcoin-price-just-dropped-4-in-a-single-hour
Where you say?
Bitmex probably.
https://cryptoslate.com/an-abrupt-7-bitcoin-price-drop-to-8100s-liquidated-185-million-of-longs-on-bitmex

[jojo69]

ok

now we have real problems

pornhubs down

[MERlT]

Posted this on Farcebook:

To my future 2021 friends that will be asking me how to make money with "crypto" as the bitcoin price shoots up.
The price is currently under $7700/BTC. This is when you should have been buying if you wanted to "make money".

The real answer though is that bitcoin is money. You should not be buying to get more fiat(government money, dollars, etc.) you should be converting your old currency to your new currency that can't be confiscated by governments, frozen by banks, stopped from giving or receiving, and is backed by math not war. If governments were using Bitcoin they wouldn't need to prop up their currency with more math.

The halving is 2 months away. The price has shot up after every halving over the course of a year. While the next 2 months will likely be very volatile, it will go up after the halving. People buying now are not "lucky". They are informed.

*posting for posterity*

I'm posting this...

To my future 2021 friends that will be asking me how to make money with "crypto" as the bitcoin price shoots up.
The price is currently under $7700/BTC. This is when you should have been buying if you wanted to "make money".

The real answer though is that bitcoin is money. You should not be buying to get more fiat(government money, dollars, etc.) you should be converting your old currency to your new currency that can't be confiscated by governments, frozen by banks, stopped from giving or receiving, and is backed by math not war. If governments were using Bitcoin they wouldn't need to prop up their currency with more math.

The halving is 2 months away. The price has shot up after every halving over the course of a year. While the next 2 months will likely be very volatile, it will go up after the halving. People buying now are not "lucky". They are informed.

*posting for posterity*

[d_eddie]

200-day MA needs to hold

Maybe Plustoken Scammers are selling their Bitcoins

https://twitter.com/ErgoBTC/status/1236072541808029696

Bingo!
They are selling off the bitcoin on exchanges/leverage sites slowly and havent even depleted the entirety of their holdings yet.
A cryptowriter has been reporting on this in the last few days ever since the price dipped below $9k.
https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm
https://cryptoslate.com/why-the-bitcoin-price-just-dropped-4-in-a-single-hour
Where you say?
Bitmex probably.
https://cryptoslate.com/an-abrupt-7-bitcoin-price-drop-to-8100s-liquidated-185-million-of-longs-on-bitmex

It must be somewhere else. Bitmex is not a real exchange. You can only get btc in/btc out.

[LFC_Bitcoin]

ok

now we have real problems

pornhubs down

Fucking hell, when things get bad they get really bad!

[BTCMILLIONAIRE]

People buying now are not "lucky". They are informed.

As it always has been.

I wish I'd been informed about Bitcoin before January 2013. I'd be rich now instead of merely comfortable.

Given the ratios, one could almost argue that informed people are extraordinarily lucky. If it weren't for the fact that people who are informed often never stop seeking out new information that is.

Same story with politics (ill-informed support of big government when theory and data have been crystal clear for decades) or the irrational climate hysteria.


As long as people who prefer following their favourite news sources think they're informed enough for their opinion to matter more than dirt things won't change much.

[rdbase]

200-day MA needs to hold
Maybe Plustoken Scammers are selling their Bitcoins
https://twitter.com/ErgoBTC/status/1236072541808029696

Bingo!
They are selling off the bitcoin on exchanges/leverage sites slowly and havent even depleted the entirety of their holdings yet.
A cryptowriter has been reporting on this in the last few days ever since the price dipped below $9k.
https://cryptoslate.com/chinese-scam-plustoken-is-moving-117m-in-bitcoin-research-firm
https://cryptoslate.com/why-the-bitcoin-price-just-dropped-4-in-a-single-hour
Where you say?
Bitmex probably.
https://cryptoslate.com/an-abrupt-7-bitcoin-price-drop-to-8100s-liquidated-185-million-of-longs-on-bitmex

It must be somewhere else. Bitmex is not a real exchange. You can only get btc in/btc out.

Sure they are selling on exchanges such as bitfinex and binance. Sending to mixers is a plausible scenario as well.
"How the PlusToken scammers utilize mixers, OTC brokers, and more to launder and cash out funds
While we tracked $2 billion worth of various cryptocurrencies that victims sent to the PlusToken scammers, some of that money was paid out to early investors, presumably to maintain the illusion of high returns while PlusToken presented itself as a legitimate company. In many cases, it’s difficult to tell whether transfers made by the PlusToken scammers were going to those early investors or to addresses under their own control. Nonetheless, we’ve tracked roughly 800,000 ETH and 45,000 BTC we can definitively say the scammers transferred to their own addresses to launder. They’ve cashed out at least 10,000 of that initial 800,000 ETH, while the other 790,000 has been sitting untouched in a single Ethereum wallet for months.
The flow of the 45,000 stolen Bitcoin is more complicated. So far, roughly 25,000 of it has been cashed out. The other 20,000 is currently spread out across more than 8,700 cryptocurrency addresses, which speaks to the high level of effort the scammers put into obfuscating the movement of funds. The scammers have transferred the Bitcoin more than 24,000 times, using more than 71,000 different addresses — and that’s not even counting cash outs or transfers to off-ramps such as exchanges.
Many of those transactions were conducted through mixers like Wasabi Wallet, which utilizes the CoinJoin protocol to make it more difficult to trace the path of funds."
source: https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price

[JimboToronto]

I wish I'd been informed about Bitcoin before January 2013. I'd be rich now instead of merely comfortable.

Don't let you repeat this in 2030  

Don't worry. I'm not going to un-discover Bitcoin.

As soon as I heard about Bitcoin (from a friend telling me about Silk Road) my #1 priority was to accumulate as much as I could afford.

The only time I ever sold any coins unnecessarily was a mere 10 coins at $155 each during the "dead cat bounce" in April 2013. I bought 15 back at $97 shortly after. That was my only foray into tarding instead of hodling.

Now I buy whenever I can during a dip and only sell when I absolutely must. This has worked out very well for me. I'm stress-free and wealthier than I ever dreamed possible considering I didn't start until shortly before my 65th birthday.

Life is good.

[Lambie Slayer]

https://www.youtube.com/watch?v=lgSH3LPfo6g

For the bounce to come.

[Lambie Slayer]

Bitcoin still up about 8 percent since Coronavirus became a global news story on Dec. 31. Gold up a tiny bit more since then, and of course stocks down a lot since then.

Safe haven narrative isn't going anywhere.

[Jeremy Franklin]

Bitcoin still up about 8 percent since Coronavirus became a global news story on Dec. 31. Gold up a tiny bit more since then, and of course stocks down a lot since then.

Safe haven narrative isn't going anywhere.

GOOD NEWS! We are also up 2.6% in the last hour boysss. Bullrun confirmed!

[bkbirge]

That was my only foray into tarding instead of hodling.

Haha, first time I've seen that. Perfect!

[serveria.com]

Greta sex doll anyone? https://twitter.com/andietheaspie/status/1234144522298372101   

[OutOfMemory]

All of us in January when we learned about corona virus...

https://twitter.com/panama_tj/status/1236793863127347200?s=21

VIDEO ATTACHED
snip

Best part is when daddy finally runs and abandons his family.
Instant divorce reason, imho.

I read some opinion on titter today, that the dumps are caused by miners to buy rigs in advance to the halvening.
Would make quite some sense.

Can you provide a reference for this?
Would be nice to confirm honey badger doesn’t give a fuck and follows his own logic while the rest of the world routs.

https://twitter.com/BurgerCryptoAM/status/1236923375689359360

First comment on this tweet, from "LogD".

[Lambie Slayer]

Bitcoin still up about 8 percent since Coronavirus became a global news story on Dec. 31. Gold up a tiny bit more since then, and of course stocks down a lot since then.

Safe haven narrative isn't going anywhere.

GOOD NEWS! We are also up 2.6% in the last hour boysss. Bullrun confirmed! Good news, we are in a 10 year Bull Run. Gay Bears have been taking it up the ass the whole time.  

Good point, but you forgot to say no homo.

[bitebits]

ok

now we have real problems

pornhubs down

Fucking hell, when things get bad they get really bad!

No need, we all got f*cked today.

[OutOfMemory]

ok

now we have real problems

pornhubs down

Fucking hell, when things get bad they get really bad!

tried xhamster?

[Torque]

So other than the coronavirus, what was your "tell" that they were ready to crash the market?

Mine was the bogus run up in Tesla stock. They always run the market up right before crashing it with FUD.

Wake me up when Tesla is back to ~$250/share, where it should be. Then I'll know the shorts are done.

[BitcoinNewsMagazine]

Based on history of the indicator we should be getting close to a bottom as https://alternative.me/crypto/fear-and-greed-index/ reads extreme fear.