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Question: Price Target for Nov. 30, 2024:
<$75K - 1 (2.6%)
$75K to $80K - 1 (2.6%)
$80K to $85K - 1 (2.6%)
$85K to $90K - 7 (17.9%)
$90K to $95K - 12 (30.8%)
$95K to $100K - 4 (10.3%)
>$100K - 13 (33.3%)
Total Voters: 39

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26492249 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
bitebits
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April 21, 2020, 03:48:37 AM

Even without the recent oil prices into negative territory (!), the declining energy price gives an interesting twist to the upcoming Bitcoin halving in May. Under normal circumstances the price of a bitcoin needs to roughly double for the miners to remain profitable after the halving (assuming the same hashrate). $/kW are one of the few constants.

But the oil prices have more than halved this year. Because of Covid-19 there is no demand and Russia and the Middle East oligopoly are having a conflict: from >$50 to <$20 per barrel.

If these oil prices remain it could dampen or even nullify the effect of the upcoming halving on the bitcoin price.
Toxic2040
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April 21, 2020, 03:53:04 AM

I dont have much in this report honestly. Too much noise. All I can tell you is either you believe in bitcoin and the bright future it brings or you dont.

You sound depressed and disheveled, poor lil guy.   Cry

Boost up those espíritus... yes, you can... yes you can.
bitebits
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April 21, 2020, 04:04:49 AM
Last edit: April 21, 2020, 04:31:43 AM by bitebits

WTI -7.1 May WTI on CNBC

WO stays cocky, but what if someone (cough-Medallion-cough) will play with bitcoin futures like this.


Looking at silver: there will be a huge spread between the delivery of paper bitcoin and physical bitcoin.


I don't really understand any of this. Who, if anyone, can buy oil at those extremely low and even negative prices? What does it mean?


“Fugayzi, fugazi. It’s a whazy. It’s a woozie. It’s fairy dust. it doesn’t exist. It’s never landed. It is no matter. It’s not on the elemental chart. It’s not fucking real.”
Icygreen
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April 21, 2020, 04:49:38 AM

I'm confused, did oil futures close higher after falling negative.
Wekkel
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yes


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April 21, 2020, 05:10:45 AM

It won’t be a Great Depression. It will be something much more intrusive and longer lasting.
Millionero
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April 21, 2020, 05:11:19 AM


War has solved more problems than anything else in history. The only question here is if it is a war that should be fought. Not if war as a concept is good or bad. It is unquestionably good.
Not the giant clusterfuck called the Iraq war.  Nothing good about a clusterfuck.  A clusterfuck is just a clusterfuck.  If you like clusterfucks, then yes war is good.


[snip] without any kind of fucking
[snip]
No profanity please.
I'm the only one here who is allowed to use profanity!
VB1001
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April 21, 2020, 05:16:15 AM
Last edit: April 21, 2020, 05:28:41 AM by VB1001
Merited by fillippone (1)



https://twitter.com/100trillionUSD/status/1252314994265460738

Rainbow Chart and S2F, overlapping follow the same goals.

Strange things are happening that no one would have imagined in 2019.

2020

- Virus that paralyzes the world.
- Oil in negative
- Bitcoin 🚀
fillippone
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April 21, 2020, 05:17:45 AM

I'm confused, did oil futures close higher after falling negative.


Not sure about what you are looking at.
Currently may future on WTI is trading at 1.65 USD.
Today is last day of trading for this future.
Probably tradingview has already rolled to JUN future that is now trading at 21.37.
Nothing to be surprised about, as I wrote here and here yesterday.
UmerIdrees
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April 21, 2020, 05:35:09 AM

2020

- Virus that paralyzes the world.
- Oil in negative
- Bitcoin 🚀


Bitcoin stood strong even though everything crashed.

jojo69
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April 21, 2020, 06:12:35 AM

yup

we're gonna get million dollar bitcoin

and you should be able to buy a decent used car for that
VB1001
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April 21, 2020, 06:24:00 AM
Merited by bitebits (1)

CFTC Approves Bitnomial to Offer Futures Contracts Settled in Real Bitcoin

Quote
The U.S. Commodity Futures Trading Commission (CFTC) approved Bitnomial Exchange to operate as a designated contracts market (DCM), meaning the exchange can now offer bitcoin futures and options contracts.

The approval, granted Monday, brings a new player to the still-small world of bitcoin futures in the U.S.

To date, only CME, Cboe, Bakkt, ErisX and LedgerX offer bitcoin futures and options contracts, though Cboe ended its contract in early 2019 and ErisX sees little volume on its futures. Unlike CME, Bitnomial appears to be focusing strictly on physically-settled contracts, meaning customers receive the actual bitcoin when the contract expires, rather than the fiat equivalent.

https://www.coindesk.com/cftc-approves-bitnomial-to-offer-futures-contracts-settled-in-real-bitcoin

https://www.cftc.gov/PressRoom/PressReleases/8153-20
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April 21, 2020, 06:29:43 AM
Merited by cAPSLOCK (1)

We got Schrödinger's Kim Jong Un on second stage if anyone isn't digging the main show.
Plaguedeath
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April 21, 2020, 06:43:53 AM

Forex           - Crash
Stocks         - Crash
Crude Oil     - Crash
Fiat Money   - Crash
Gold            - Huh
Bitcoin         - Huh

VB1001
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April 21, 2020, 06:55:03 AM


https://future.travel/

Major Asian Ticketing Agency Accepts Bitcoin on Lightning Network

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Vietnamese online ticketing agency Future.Travel now accepts Bitcoin (BTC) payments via the Lightning Network (LN), with funds being converted into local currency at the time of sale.

To enable LN-based Bitcoin payments, Future.Travel collaborated with Canada-based tech firm Neutronpay, which will provide Future.Travel its multi-currency merchant platform, according to an April 20 announcement. With the newly integrated option, the BTC transaction processing time will ostensibly be cut down to three to four seconds in most cases.

https://cointelegraph.com/news/major-asian-ticketing-agency-accepts-bitcoin-on-lightning-network
Plaguedeath
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April 21, 2020, 07:01:13 AM


https://future.travel/

Major Asian Ticketing Agency Accepts Bitcoin on Lightning Network

Quote
Vietnamese online ticketing agency Future.Travel now accepts Bitcoin (BTC) payments via the Lightning Network (LN), with funds being converted into local currency at the time of sale.

To enable LN-based Bitcoin payments, Future.Travel collaborated with Canada-based tech firm Neutronpay, which will provide Future.Travel its multi-currency merchant platform, according to an April 20 announcement. With the newly integrated option, the BTC transaction processing time will ostensibly be cut down to three to four seconds in most cases.

https://cointelegraph.com/news/major-asian-ticketing-agency-accepts-bitcoin-on-lightning-network

Looks like Vietnamese now accept Bitcoin as payments tool  Roll Eyes

Quote
The State Bank of Vietnam has declared that the issuance, supply and use of bitcoin and other similar virtual currency is illegal as a mean of payment and subject to punishment ranging from 150 million to 200 million VND
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Vietnam
bitebits
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April 21, 2020, 07:08:23 AM



https://twitter.com/100trillionUSD/status/1252314994265460738

Rainbow Chart and S2F, overlapping follow the same goals.

Strange things are happening that no one would have imagined in 2019.

2020

- Virus that paralyzes the world.
- Oil in negative
- Bitcoin 🚀



It is PlanB having some fun because of:
https://twitter.com/ercwl/status/1250537262800142336
Cryptotourist
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April 21, 2020, 07:16:22 AM

5D chess ... does anyone even know how many people really got the virus in China? Or was it mostly an export?

Forgot to quote Sun Tzu's greatest chapter, that makes all the previous quotes possible, chapter 13: The Use Of Spies

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18. Be subtle! be subtle! and use your spies for every kind of business.

The irony! Grin
VB1001
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April 21, 2020, 07:18:50 AM



https://twitter.com/100trillionUSD/status/1252314994265460738

Rainbow Chart and S2F, overlapping follow the same goals.

Strange things are happening that no one would have imagined in 2019.

2020

- Virus that paralyzes the world.
- Oil in negative
- Bitcoin 🚀



It is PlanB having some fun because of:
https://twitter.com/ercwl/status/1250537262800142336


Yeah, I suppose he is excited to see that his S2F chart matches other much older models, I posted some of this a few days ago.
Last of the V8s
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April 21, 2020, 08:41:21 AM
Merited by Toxic2040 (3), vapourminer (1)

All Members

Today is the Birthday of Her Majesty Queen Elizabeth

I am sure that we all wish her to remain in good health during these turbulent times.



God’s Plan for Aging

Most seniors never get enough exercise. In His wisdom God decreed that seniors become forgetful so they would have to search for their glasses, keys and other things thus doing more walking.

And God looked down and saw that it was good.
Then God saw there was another need. In His wisdom He made seniors lose coordination so they would drop things requiring them to bend, reach & stretch.

And God looked down and saw that it was good.
Then God considered the function of bladders and decided seniors would have additional calls of nature requiring more trips to the bathroom, thus providing more exercise.

God looked down and saw that it was good.
So if you find as you age, you are getting up and down more, remember it’s God’s will. It is all in your best interest even though you mutter under your breath.

Nine Important Facts To Remember As We Grow Older:

Death is the number one killer in the world.
Life is sexually transmitted.
Good health is merely the slowest possible rate at which one can die.
Men have two motivations: hunger and hanky panky, and they can't tell them apart. If you see a gleam in his eyes, make him a sandwich.
Give a person a fish and you feed them for a day. Teach a person to use the Internet and they won't bother you for weeks, months, maybe years unless you give them your email address.
Health nuts are going to feel stupid someday, lying in the hospital, dying of nothing.
All of us could take a lesson from the weather. It pays no attention to criticism.
In the 60's, people took LSD to make the world weird. Now the world is weird, and people take Prozac to make it normal.
Life is like a jar of jalapeno peppers. What you do today may be a burning issue tomorrow.

At least the sun is shining today.  Keep safe everyone.

Hon Sec.

Thank you Dennis W*** for the bones of this transmission.
VB1001
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April 21, 2020, 09:05:02 AM


https://knowyourmeme.com/photos/1837298-2020-oil-price-crash
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