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

[jojo69]

just you wait

[HairyMaclairy]

Would you consider now to be an opportune time for the States and Fed to return to a balanced budget?

[jojo69]

INCOMIIIIING!!!

[jojo69]

Would you consider now to be an opportune time for the States and Fed to return to a balanced budget?

why even consider such impossible absurdities?

[HairyMaclairy]

We did it in 1930.  Why not give it another go?

https://newrepublic.com/article/83824/slichter-budgets-depression-1932

[jojo69]

I'm game

ain't happening though

[ivomm]

Bitcoin is just teasing us

[xhomerx10]

https://twitter.com/DrEricDing/status/1258413222039891968?s=20

Good morning. Since we dislike Murder Hornets for mass killing bees, hope this is satisfying if you are out of coffee.

WTF BRO HE RIPTS HIS HEAD WHEN HE IS STILL ALIVE

Damn nature at is finest!

 It gets better.  The praying mantis is also prey for the same giant hornet.
 Also brains - see link.

 https://invbrain.neuroinf.jp/modules/newdb1/detail.php?id=35

edit:  who's gonna save us now?

https://youtu.be/asDkXaTlTEQ

[Toxic2040]

INCOMIIIIING!!!

[JayJuanGee]

So, even if any of us ends up panicking.....  which could happen.. not saying that it could not...  We should panic incrementally.. rather than fully.    

 

so we should start practicing screaming like little girls?

oh shit.... your elaboration causes me to doubt proper attributes ....

since many of us realize that Searing has "screaming like a little girl" trademarked.  

I'm turning you in vapourminer.  

crap. caught plagiarizing already. ill never be a csw level faker at this rate.

apologies to brad

you gotta up your game.... I know I am borrowing a statement, too.... a just recently used one.  .. .but since you guys (and gal) are so witty, cannot help but to get influenced.

[JayJuanGee]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  So merely having a decent car is not a sign of wealth, and frequently many people over leverage debt in regards to their cars because they want something dependable.. which may or may not be a wise choice.. for example to buy something nice and new when they might be able to buy something that is a few years old.. but still dependable that has lesser status.  Some of these are systemic issues rather than individual, but some of the over-leveraging seems to be incentivized by the system, too... and of course, peeps in bitcoin should be attempting to learn NOT to be over-leveraging themselves - except maybe in bitcoin... even though that might NOT be the greatest idea, either.

[Biodom]

This is a food distribution center (bread line) in Las Vegas.



I have to note that every single car there is much nicer and newer than anything I own.

Hm.

A possible interpretation is that people who have otherwise led comfortable middle class lives their entire life are suddenly on the bread line through no fault of their own.

Or maybe they did overspend in the car (and presumably other things too) if they don't have enough savings for at least a few months.

In the USA, outside of the BIG cities, almost everyone owns a car, even poor people.  

Typically, a beaten up truck, NOT a LEXUS, and it is in the middle of the sin city, but i get your point...someone could be just one paycheck away from losing that vehicle to a repo-man.

[soxxx]

Just my opinion but I think we go back down to $9500 over the weekend, retest the trend line we broke out of, then we move up come Sunday night/Monday, probably go up to $10.5k this week, if not on monday. We may see some fireworks on monday, keep your fingers crossed.

[bkbirge]

Scary times ahead.

Nah. The middle classes are crap and uptight. I should know as I used to be one.

We will move back into a world that we were built to understand. We will till the fields in the day time. In the evening the laird comes round and fucks your wife. And you if he's been drinking.

Better than the lard coming around I suppose. 

[Toxic2040]

the evening wall report

Challenging a known s/r zone and the psychological $10k barrier has bitcoin in the thick of things with just days left until the highly anticipated and increasingly talked about halving occurs.

bulldog watch and laugh as cat hang upside down from branch
4h



Now I can hardly tell you what the price will be tomorrow, let alone a couple months from now. What I can tell you is this..I like how bitcoin has behaved over the last couple of months. Several trying weeks by any ones standard and in all honestly the possibility of more to come. During that time when all markets faltered with panic, bitcoin showed measured strength and a rational recovery. That recovery has continued to simmer and is now boiling at a full bull roar by most measures.

Now are we are the top and are we going to crash? I dont know...nobody knows..not really.

What I can observe is the fact that bitcoin has traded in this range for the last 3 years as well as this year. 2017,2018 and 2019 all saw trading in the 5 digit range for a time.
That was prior to the stark post-pandemic world we see today..prior to the Fed's doubling down on a monetary policy of unlimited printing. Prior to corrupt nation states defaulting on currencies across global markets.
I could go on but dont feel like I need to.

All I can tell you is today, I am much more comfortable with bitcoin trading at(or near or above)5 figures, than I was any of those other years.

Not sure what it means or if its helpful but there you go.   #dyor
D

#stronghands

[DaRude]

This is Faketoshi's wife who has an MBA and the claimed owner of W&K Info Defense Research LLC

12:35:25 16 THE DEPONENT: Well, he intimated that he had lost
12:35:31 17 a lot of bitcoin when that Japanese company - when that
12:35:34 18 guy in Japan, I think the - the bitcoin - I don't know if
12:35:41 19 it was a bank or what sort of outfit it was, but he,
12:35:47 20 I guess, absconded with all the money, and Craig had kept
12:35:51 21 some of his - had - well, "some of it", I think he kept
12:35:55 22 all of his bitcoin there, and --
12:35:58 23 BY MR ROCHE:
12:35:59 24 Q. And what's - and this is Mt. Gox? Is that what
12:36:03 25 you're referring to?
12:36:03 1 A. It might be. That name sounds familiar.
12:36:07 2 Q. And what's your basis for your understanding
12:36:10 3 that he kept a lot of his bitcoin there?
12:36:12 4 A. Because he said he lost a fair - lost a fair
12:36:14 5 bit of money.

https://www.courtlistener.com/recap/gov.uscourts.flsd.521536/gov.uscourts.flsd.521536.488.17.pdf

Faketoshi had about BTC50 on Gox. Yep, definitely sounds like a creator of BTC who owns BTC1MM

[Dakustaking76]

https://twitter.com/btcblockbot/status/1258928726475243520?s=21



I do not
Hope 🤬🤬🤬

[Biodom]

yes, Novo said the same today.
Apparenly, Paul Tudor Jones is one of the three rarefied "macro"guys (plus Soros and Druckenmiller, I guess).
I am not sure that it is true, there are many more macro traders, but PTJ has a 10bil fund.

[LUCKMCFLY]

It is interesting to see this parabolic model ...

Bitcoin Poised for a Parabolic Push to $20,000 as Elusive Buy Signal Emerges

This indicator surfaced in the months prior to the massive parabolic uptrend seen in late-2017, and again just prior to the rally seen by BTC in summer of 2019.

This indicator’s emergence coincides closely with Bitcoin’s decisive break above a descending trendline that was formed in the time following its rally to highs of $13,800 in late-June of 2019.

Source: https://www.newsbtc.com/2020/05/08/bitcoin-poised-for-a-parabolic-push-to-20000-as-elusive-buy-signal-emerges/

[Hueristic]

Hey, Someone want to PM me a good proxy for US to use binance.