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

[JayJuanGee]

Another honest thought...

As much as we all hate Tone Vays, I believe he was right about one thing.

Shitcoins.

They are a huge part of the problem and nobody can do nothing about it. (anybody can create a shitcoin and scam others before going to zero) Without all of them going to zero, I think bitcoin will have serious problems, price-wise against the USD.

Maybe they'll go away this time...

Take a look at CMC's homepage and tell me what you see. I only see shit. (other than #1) And people trade and hodl these shits with the hopes of them becoming the new bitcoin. And there are hundreds of thousands of them.

No offense man but reading this makes it sound like you're upset that you sold all your coin and now you're bitter and looking for ways to justify your position. I totally understand why you did what you did (even if I don't agree) but the shitcoins have always been there as a distraction to serve to try to take $$$/BTC away from people. Just don't fall for those traps and you'll be fine

There weren't always that many shitcoins. That's a fact. Their numbers are increasing with everynew day, that's a fact too. These aren't lies. Check CMC's historical snapshots and see it yourself.

I might be upset, I might be not. That's just how I feel and see it right now.

Of course there weren't... that's cos more and more people are realising they can get money from others easily by making a coin. The trick is to not buy those shitcoins all marketed on false promises and lies. There's a reason BTC has been around 10+ years and is still totally dominant in every metric

People weren't supposed to elect Trump too. They did it anyway.  Not saying Hillary was better btw. They just didn't have a choice.

Helso is totally correct.  Just because flukes happen, we should not be living our lives and planning around that flukes are going to happen because then we are missing the planning around more likely scenarios. 

Of course there are ways to accomplish both.   Each of us plans around more likely scenarios, but we also prepare ourselves (in a kind of hedging way) for the more outrageous scenarios, therefore we are mostly going to be successful in our bets, while at the same time, not panicking when the outrageous happens because we have done a sufficient amount of hedging for such "way less likely" scenario(s).

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[_javi_]

and tbh I'd rather have pandemic posts in here than that stupid fucking Vegeta game ... that can fuck right off into it's own thread please, thank you.

I prefer the Vegeta game by far. At least its BTC related, and its about observing price (On topic)

The pandemic should be commented elsewhere... Toilet Paper Observer thread..

[birr]

denial will take many forms ... down-playing the severity of the event in their own minds, like the MSM did for 6 weeks (to buy govvies time for stockpiling before their citizens), rage-quitting, pout-quitting, panic-buying, panic-selling, creating trivial distraction games (fiddling while rome burns), shouting(shooting) at messengers, la-la-la-blocking your ears, etc.

Make your peace with it, AS IT IS.

Make peace with what?  I have nary idea.

[Biodom]

I think money can be discussed here since it is potential future bitcoin  .

[Yaplatu]

Source Twitter : @krugermacro

CME is not bitcoins friend 

[strawbs]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

[bones261]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

[HI-TEC99]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

As far as I understand it Vegeta is a Prince from a kids cartoon in which most of the characters are named after vegetables. Someone started posting a picture of him each time we hit a new ATH.

The long version is here.

https://en.wikipedia.org/wiki/It%27s_Over_9000!

[jojo69]

it was big with millennials when they were kids, big internet thing

think "all your base are belong to us"

or maybe I'm dating myself, might have been late Xers

[Biodom]

It would be interesting to see a new poll re btc price EOD tomorrow (say 11:59:59 pm Monday, Central european or London time)

1. Less than 3100
2. Between 3100 and 5000.
3. Between 5000 and 7000
4. Above 7000



That said, I think that SP500 futures have got to reverse by the market open and stock rally has to ensue (at some point tomorrow) since it is close to the last chance for a while.
EDIT: if weekly are counted by the day close today in central european time, then we did close marginally below 200wk average, which probably does not mean a lot.

[JimboToronto]

I absented myself from here for most of the last couple of years to go and spend time in the real world, so now have no idea what the Vegeta thing is all about. Could someone explain succinctly (apologies to those who are anti-Vegeta).

Just as Sparta (the movie 300) was a meme when we first hit $300, the children's cartoon character Vegeta (It's over 9000!) became a meme for first hitting $9000.

Since the price has fluctuated past it several times already, it has become an ongoing meme. The  last couple of times, members have sponsored contests for being the first to post an image meme. Since there were some concerns about cheating, more stringent criteria were called for this time.

[Icygreen]

Out of curiosity: where in the world is Waldo (Trace Mayer)?
Pomp is around , planB as well, even Tone Vays, but Trace is missing in action (at least on twitter).
Interesting...maybe sold too many puts on his bitcoin? He was always professing that trade (through LedgerX), which I find inane.
I wonder how many blockfi loans got liquidated as well...

Trace Mayer lost a lot of credibility after shilling Mimblewimble coin in this interview and got flamed by the BTC maxi's
I think he's to ashamed to show his face now. His bags must be heavy.

[Searing]

@APompilano
The Fed just announced historic actions of emergency rate cut to zero and $700 billion in quantitative easing.

Stock futures just opened 5 minutes ago and they are already falling.

The market is basically calling the Fed's bluff...
https://twitter.com/apompliano/status/1239311910870364161?s=21

they already hit the stop band hit of 5% and stopped to open at 1,041 down I think it is...

thus they are not to impressed by the Fed's action to 0% or more likely it is a 'oh sh*t" the Fed dropped it to 0% we are looking like a real crisis here

sell, sell, sell

It would b nice if the BTC/Crypto market at least went sideways and/or up a bit to show an alternative to printing $$$ the rest and such

we will see I guess

brad

[marcus_of_augustus]

Source Twitter : @krugermacro

CME is not bitcoins friend  

... this is not good. Bitcoin is now 'under management', probably by agents acting for the state, closing the exits in time of escape from dollar facist fiat system using futures pricing fables. I've seen this movie before, it is how it began with gold.

[dragonvslinux]

Source Twitter : @krugermacro

CME is not bitcoins friend 

That's all I needed to see to confirm what I previously thought, so thanks a lot for sharing
+1

[eddie13]

Source Twitter : @krugermacro

CME is not bitcoins friend 

That's all I needed to see to confirm what I previously thought, so thanks a lot for sharing
+1

Please explain..

[lightfoot]

thus they are not to impressed by the Fed's action to 0% or more likely it is a 'oh sh*t" the Fed dropped it to 0% we are looking like a real crisis here

I really wish our President would shut the fuck up. Every time his mouth opens things get worse.

Maybe that is the plan.

[jojo69]

This guy makes W look like a respectable elder statesman...

[dragonvslinux]

Source Twitter : @krugermacro

CME is not bitcoins friend  

That's all I needed to see to confirm what I previously thought, so thanks a lot for sharing
+1

Please explain..

Looks bearish! Institutional volume selling the open... ain't checked stocks, but that "micro correlation" Bitcoin is suffering from appears to be continuing (that of bearish selling pressure). Just checked S&P, big bounce on the open, nothing relevant seen on Bitcoin = Even more bearish short-term, always long-term bullish though  
Someone please merit this chart I'm out, then BTFD. More info from someone paying more attention than me right now.
PS, updated this though: https://bitcointalk.org/index.php?topic=5188537.0 

[bkbirge]

https://www.marketwatch.com/story/exclusive-fed-is-throwing-money-in-the-wrong-place-says-sheila-bair-former-top-banking-regulator-2020-03-15

“Forget this 2008 financial crisis playbook,” Bair said. “We never focused enough on the real problem in 2008, which was homeowners,” she said, adding that she “loves the idea” of recent proposals that aim to get cash straight into the hands of households who are grappling with shuttered schools, businesses and more.