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

[Wilhelm]

I don't think ETH will rise like it did again unless you can find another round of ridiculous amount of idiots to get scammed by ICOs again..

ETH rose while facilitating all those disgusting scams..
ETH just made those scams too easy to pull off, and pumped on gas prices..

Percentage wise it seems more interesting than bitcoin.
Etherium seems to follow suite on bitcoin.

Anyway I have more than enough Bitcoin

[LFC_Bitcoin]

@Lambie

Thanks man, I’m balls deep any way, I’m pretty much all in now. If you’re not buying now & you have spare fiat then I guess it proves you don’t fully believe.

You're welcome.   I wish I could buy more rn, but I fired off my last rounds before the Virus crashed everything.

I’m still going to buy regularly as I always have done & always will but it’ll be £500 here, £500 there & not larger amounts now.

[Wekkel]

Bitcoin is not failing. It’s fiat currencies. The ship is wobbling and for now, people move out of ‘phoney wealth’ to their beloved fiat currency (and rightfully so). Since Bitcoin is (by most) priced in fiat and not the asset class deemed top of the line (yet; that’s still cold hard cash), it is dumped too.

But this short moment of the ship rocking the other way, does not negate fiat currency’s biggest issue: the ‘fiat’ part. More specifically, the relentless ‘fiat’ printing of it. One way or the other, there’s more and more of it over time. And the effect thereof cannot be postponed forever.

Debts turning sour complicate the picture. Debt deflation makes ‘perceived wealth’ disappear. The cash left becomes harder as a result. Only in the longer run, the true nature of it all becomes apparent.

Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.

Until that time, be ready.

[bkbirge]

Then we practice Strong Hand Hygiene of the great Tyson Fury and dip our Strong Hands in gasoline for 20 seconds while singing happy birthday.
 https://www.the-sun.com/sport/boxing/351396/tyson-fury-dipping-his-hands-in-petrol-for-five-minutes-a-day-to-toughen-up-knuckles-before-deontay-wilder-rematch/

Sounds exhausting...

Leading up to the fight Fury said he will masturbate seven times a day to keep testosterone pumping before sharing the ring with Wilder this month.

[Lambie Slayer]

dollars are like toilet paper and everyone is worried that they won't have a clean bum.

Im thinking either great T-shirt or book title.  

[vapourminer]

I love getting up, grabbing a shot of meth, and taking a look into the WO. Gives me a good sense of people's thoughts before I start the day.

Now on to checking old bitcoin's price: Is it back over 10k yet?

HOLY FUCK WE'RE ALL GOING TO DIE!!!!!

What's next on the agenda?

more meth, obviously. a lot more.

[Phil_S]

Guys, check out silver price. 

[Wekkel]

These events ram the price of Bitcoin, but not it’s utility.

[bkbirge]

Only once treasuries and the dollar itself come under attack, Bitcoin will be truly measured.

I suspect a lot of countries will try following Russia's lead if that happens. I expect it to be a temporary war with btc the winner but who knows.
https://cointelegraph.com/news/russias-central-bank-seeks-to-ban-crypto-issuance-and-circulation

According to a legal executive at the Bank of Russia, the country’s major but still unfinalized cryptocurrency legislation — a bill “On Digital Financial Assets” — will ban the issuance and circulation of cryptocurrencies.

...could be like gold in the USA from 1933 to 1977.
https://en.wikipedia.org/wiki/Executive_Order_6102

... a New York attorney named Frederick Barber Campbell had one deposit at Chase National Bank of over 5,000 troy ounces (160 kg) of gold. When Campbell attempted to withdraw the gold, Chase refused, and Campbell sued Chase. A federal prosecutor then indicted Campbell on the following day (September 27, 1933) for failing to surrender his gold.[12] Ultimately, the prosecution of Campbell failed, but the authority of the federal government to seize gold was upheld, and Campbell's gold was confiscated.

[nutildah]

Let's see what happens when the stock market opens in 2 minutes.

<---- lucky post number for good luck

Price has been correlated with BTC a lot more this month than at any time previous.

Start your engines, this is going to be interesting...

BTC currently @ 4583.

[cAPSLOCK]

https://twitter.com/noisevault/status/1239543650117443584

[2020VISION]

not today 4k ~ $3500 soon :-D reeee

[JSRAW]

Fair play award goes to them ....

In 1 week (3/23): $2,100 - $10,970
In 1 month (4/16): $1,500 - $12,970
In 3 months (6/16): $2,500 - $17,250
In 1 year: (3/16/21): $4,600 - $150,000

Yeah, and I can predict this:
In 1 week: $1,000 - $10,000
In 1 month: $500 - $20,000
In 1 year: $200 - $50,000
In 3 years: $100 - $100,000

[2020VISION]

Guys, check out silver price. 

wow monkeys getting shook out the treezzz    ~> blood in the streets!!

[dragonvslinux]

Who's buying the dip then? Bitcoin under $5K is a 75% discount folks. As LFC said a few days ago... don't complain later on that you didn't stack satoshis at these cheap prices.

While the stock market bounces in a dead cat manner, and Bitcoin corrects and re-tests $4K level support, long-term this is actually very good imo. I think stocks have further to go down (long-term, like another 50% over the coming months), I don't think BTC has much further to go down (long-term, like $2.5K would be my lowest target, unlikely to be reached too). Bitcoin breaking the correlation with global markets is a great thing, even if not in the direction we might all immediately hope for in the short-term.

BTFD  
Not financial advise, but underlining BTFD hehe

[2020VISION]

Who's buying the dip then? Bitcoin under $5K is a 75% discount folks. As LFC said a few days ago... don't complain later on that you didn't stack satoshis at these cheap prices. While the stock market bounces in a dead cat manner, and Bitcoin corrects and re-tests $4K level support, long-term this is actually very good imo. I think stocks have further to go down (long-term, like another 50% over the coming months), I don't think BTC has much further to go down (long-term, like $2.5K would be my lowest target, unlikely to be reached too). Bitcoin breaking the correlation with global markets is a great thing, even if not in the direction we might all immediately hope for in the short-term.

BTFD  
Not financial advise, but underlining BTFD hehe

prolly people who sodl the top? :-D gogo $3500 goooo

[mindrust]

https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

[bkbirge]

Who's buying the dip then?

Just waiting on fiat to make it's slow meandering way through the system.

[Phil_S]

https://www.cnbc.com/2020/03/15/traders-await-futures-open-after-fed-cuts-rates-launches-easing-program.html

Stocks fell sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak.

The S&P 500 dropped 8.14% shortly after the open, triggering a “circuit breaker” trading halt that will last for 15 minutes. The Dow Jones Industrial Average fell 9.7%, or 2,250 points. The Nasdaq Composite slid 6.1%.

[Wekkel]

https://www.tradingview.com/chart/BTCUSD/qNy2lBH5-Bearish-outcome-of-previous-ideas/

https://images2.imgbox.com/a9/e4/GdfW8Qnp_o.png

The longer view.

We should not shy away from this but plan accordingly (not this exact scenario but the chance that Bitcoin will slumber for a while).