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Question: Will bitcoin ever go below $10K again in your lifetime?
Yes - 42 (53.8%)
No - 36 (46.2%)
Total Voters: 78

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 22682748 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. (148 posts by 37 users deleted.)
El duderino_
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June 02, 2020, 06:54:08 AM

https://www.reddit.com/r/cryptocurrencymemes/comments/gv0p9q/bitcoin_again_10000/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

 Grin
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Karartma1
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June 02, 2020, 06:58:15 AM

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  Smiley
El duderino_
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June 02, 2020, 07:14:48 AM
Merited by JayJuanGee (1)

Fake dump. Next week->10K!

Got this amazing feeling that where going back to the 10k areas in not to long of a time period....

I do love this feeling...

Maximum NON-investment #dyor


The next few days are critical  Wink It will show whether we are building a floor of a bull ladder before the next climb above 10K, or the decline will continue until some solid support is found. These dead cat bounces were typical for the last 2 years. But the odds are now in favour of the bulls IMO. I mean both the halving and the big volume of bitcoins withdrawn from exchanges since March 12th are good premises for the price to increase.

I may not be MasterLuc, but this aged pretty well. Sorry for all those dumpsters that sold way below 9K. And of course, the poor mindrust. I hope he is not having a heart attack or something.   #stronghands #stronghats

Who is masterluc............................. there are no guru’s in btc nor lines to follow or whatever and indeed this aged very well  Cheesy
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June 02, 2020, 07:21:35 AM

An excellent way to pretend that no change is required is to blame “professional agitators” and “paid protestors”.

Once you have convinced yourself the movement is fake, then there is no longer any need to deal with underlying causes such as systemic racism, low wages and police brutality.  

There is nothing wrong in America today. Congratulations for doing your part in supporting America’s elite.  We couldn’t suppress an entire nation without your willing help.

Well said.

Yet according to Susan Rice ithe whole thing is Russia's fault.


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June 02, 2020, 07:23:00 AM

Well, yes kind of. I'm at least hoping that he has enough integrity to be impartial. And I'm willing to bet that there is going to be a second autopsy as well, that should be a good reason for him to try and keep it clean.
But I know nothing about autopsys and how coroners work, I'm just referring to the prel. report.

Final report: Homicide by LEO.

https://content.govdelivery.com/attachments/MNHENNE/2020/06/01/file_attachments/1464238/2020-3700%20Floyd,%20George%20Perry%20Update%206.1.2020.pdf
Wekkel
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yes


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June 02, 2020, 07:37:28 AM
Merited by LFC_Bitcoin (1)

Back in the channel  Cool



And of course:

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June 02, 2020, 07:45:33 AM

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  Smiley

What party? I don't see any rockets, trains or questionable green objects.  Roll Eyes

We're waiting for 10500 here.

Somebody told us it's a magic number for some reason.
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June 02, 2020, 07:53:25 AM
Merited by JayJuanGee (1)

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  Smiley

What party? I don't see any rockets, trains or questionable green objects.  Roll Eyes

We're waiting for 10500 here.

Somebody told us it's a magic number for some reason.


Not sure about others but I'm waiting for at least $50k. That would be big. $10.5k, $12k or $16k somebody mentioned here are non-events. I'd agree that a new ATH would be a substantial milestone but still not enough to make me sell ...  Cool
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June 02, 2020, 07:59:41 AM

Don't want to ruin the party here but I see the 10k top as yet another Bart move. Sorry Wobservers, I will not consider anything bull until 16k.
If I am proven wrong, I will be happy too.  Smiley

So up from 3k to 10k is not bull enough for you?  Cool
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June 02, 2020, 08:43:43 AM
Merited by JayJuanGee (1)

https://twitter.com/_connerbrown_/status/1267311826003525633

Quote
This past week miners have sold 673 more bitcoin than were generated. We are seeing capitulation from inefficient miners, but prices are holding steady.

What do you think happens when these miners are finally shaken out?




How does he obtain that data? I am skeptical.

I think this is the soure of the graph:
https://terminal.bytetree.com/bitcoin

Just click on the on-chain tab.

I am skeptical too on this indicator.
Once the coinbase is mined can sit there and the miner can sell very old coinbase, or on the contrary the coibae can be moved immediately to pool's participant.
BOth this facts can dramatically change the result of the indicator.

I don't know: It would be intresting to figure out how much is the flow of money from miners (or rather pools) to exchanges. this is actual selling to pay for running expenses (hardware, electricity bils etc.).


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June 02, 2020, 08:50:57 AM

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June 02, 2020, 08:57:32 AM
Merited by El duderino_ (2)

Back in the channel  Cool



Im baaaaaack!

Im baaaack in the channel again!




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June 02, 2020, 08:58:49 AM

What a surprise, stock markets rally on riot optimism.
Wekkel
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yes


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June 02, 2020, 09:25:22 AM
Merited by Paashaas (1)

What a surprise, stock markets rally on riot optimism.

More stimulus. The only thing that matters in the markets today.
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June 02, 2020, 09:43:47 AM
Merited by JayJuanGee (1)

What a surprise, stock markets rally on riot optimism.

More stimulus. The only thing that matters in the markets today.

Yep. The war between capital and labor continues, history says "always bet on capital".
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June 02, 2020, 09:55:52 AM
Last edit: June 02, 2020, 10:23:56 AM by Wekkel
Merited by JayJuanGee (1), Torque (1), jojo69 (1), nutildah (1), Arriemoller (1), Dunkelheit667 (1), julian071 (1)

I'd rather say, the war between the ruling elite and the rest. And the rest is being divided between themselves very easily (again).

There is no:
  • black vs white
  • capital vs labour
  • rich vs poor
  • left vs right
  • young vs old
  • x vs y

The most frustrating part is that sufficient power could be taken away from suppressors just by opting out.

The non-violent act of buying Bitcoin.
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June 02, 2020, 09:59:31 AM



So if I see well, the top line considers the wigs of the candle, while the line just below considers the body of the candles. I thought the latter was more relevant (wigs are not really meaningful) when looking at long term trend. And now that we noticed there is a CME gap at 11.9k, it wouldn't surprise me if Bitcoin price peaks around 12k for 2020 and goes bearish again to finish the current cycle. Not the scenario I see as the most likely but possible. Most likely IMO is getting rejected at 10.5k just like in October 2019 and February 2020.
Exciting times regardless  Tongue
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June 02, 2020, 10:09:14 AM



So if I see well, the top line considers the wigs of the candle, while the line just below considers the body of the candles. I thought the latter was more relevant (wigs are not really meaningful) when looking at long term trend. And now that we noticed there is a CME gap at 11.9k, it wouldn't surprise me if Bitcoin price peaks around 12k for 2020 and goes bearish again to finish the current cycle. Not the scenario I see as the most likely but possible. Most likely IMO is getting rejected at 10.5k just like in October 2019 and February 2020.
Exciting times regardless  Tongue

F*ck TA. BTC is so undervalued. Everything under 5 digits is dirt cheap. It's just unbelievably cheap. $10.5 and $12k is still a bargain. From a HODler's point of view: if we haven't sold back in 2017/18 why should we sell now? And one more thing: if you take the coronadump out of that graph what do you see? I see the ATH now!  Cool
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June 02, 2020, 10:09:25 AM

I'd rather say, the war between the ruling elite and the rest. And the rest is being divided between themselves very easily (again).

There is no:
  • black vs white
  • capital vs labour
  • rich vs poor
  • left vs rigth
  • young vs old
  • x vs y

The most frustrating part is that sufficient power could be taken away from suppressors just be opting out.

The non-violent act of buying Bitcoin.

In general I agree with this stance, especially the left vs right aspect, but most of the people involved in the struggle don't have spare money to buy bitcoin. Maybe they had $1200 for a few fleeting moments, but it was probably used to pay off mortgage, rent, credit cards or bills, etc.

Today seemed like Trump vs. the world, more or less. Punching an Australian camera man to move out of the way so Trump can take a photo op... doesn't send a very good message to anyone.

https://twitter.com/Giacinta53/status/1267755712236716032
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June 02, 2020, 10:17:37 AM
Merited by JayJuanGee (1), serveria.com (1)

Not sure about others but I'm waiting for at least $50k. That would be big. $10.5k, $12k or $16k somebody mentioned here are non-events. I'd agree that a new ATH would be a substantial milestone but still not enough to make me sell ...  Cool

I ain't selling shit until at least $40,000+

I’ve been buying & HODLING for over 6 years, I’m impatient but  I will wait. I’m not going to sell myself short.
I think $100,000 is a real possibility by the end of 2021. That’s my target to sell off maybe 50-75% & then -

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