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

[cAPSLOCK]

Cup, meet Mr. Handle...   

[1713889273]

1713889273

[1713889273]

1713889273

[Biodom]

Regarding btc vs unnamed alts. Not really the right place, but the topic was already discussed above.

I consider btc as a savings account and alts as a checking/spending account.
I only invest single digits (in total) into alts, but sometimes they run up impressively.
Then they drop just as precipitously, so I try to take profits aggressively, mostly into fiat, with some going back into savings/btc.

BTW, this is the first cycle when multiple alts started going up exponentially before btc significantly appreciated (if you ignore the last summer "premature" bump).

[Hueristic]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

 

Tether is (in most part, at this point) ETH based.

Is there a write up why they moved from the omni layer and how they accomplished that?
Also why the fuck would they do that in the first place?

[cAPSLOCK]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

 

Tether is (in most part, at this point) ETH based.

Is there a write up why they moved from the omni layer and how they accomplished that?
Also why the fuck would they do that in the first place?

I don't know really.  They also did a portion on liquid, which I would think is MUCH MUCH MUCH better than the crypto-kitties garbagatorium.  They have also released USDT an EOS, and TRON (LOLROFLMAO).  I guess not to put all ones scammy eggs in one basket?

https://cryptobriefing.com/bye-bitcoin-tether-booms-on-ethereum-withers-on-omni/

https://www.thestreet.com/investing/cryptocurrency/crypto-conversation-tethers-swap-is-swarmed-by-questions

[JayJuanGee]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

  

Tether is (in most part, at this point) ETH based.

Is there a write up why they moved from the omni layer and how they accomplished that?
Also why the fuck would they do that in the first place?

I don't know really.  They also did a portion on liquid, which I would think is MUCH MUCH MUCH better than the crypto-kitties garbagatorium.  They have also released USDT an EOS, and TRON (LOLROFLMAO).  I guess not to put all ones scammy eggs in one basket?

https://cryptobriefing.com/bye-bitcoin-tether-booms-on-ethereum-withers-on-omni/

https://www.thestreet.com/investing/cryptocurrency/crypto-conversation-tethers-swap-is-swarmed-by-questions

From my understanding there are multiple forms in which tether is issued, and wikipedea may not be the best source (or even the most up-to-date in accordance with the possible EOS and TRON that cAPSLOCK mentioned, but it describes the tether issuance situation like this:

>>>>>Currently, there are a total of four distinct Tether tokens: United States dollar tether on Bitcoin's Omni layer, euro tether on Bitcoin's Omni layer, United States dollar tether as an ERC-20 token, and euro tether as an ERC-20 token.<<<<<

https://en.wikipedia.org/wiki/Tether_(cryptocurrency)

...Of course, there is no problem making various allocations in your portfolio...

(Keep it together, Bob. It's not Thursday yet.)

Thanks for exercising ur lil selfie-constraints in order to contribute towards making "my day" even MOAR 'specially better when it finally does comes.   #nohomo  

[Hueristic]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

  

Tether is (in most part, at this point) ETH based.

Is there a write up why they moved from the omni layer and how they accomplished that?
Also why the fuck would they do that in the first place?

I don't know really.  They also did a portion on liquid, which I would think is MUCH MUCH MUCH better than the crypto-kitties garbagatorium.  They have also released USDT an EOS, and TRON (LOLROFLMAO).  I guess not to put all ones scammy eggs in one basket?

https://cryptobriefing.com/bye-bitcoin-tether-booms-on-ethereum-withers-on-omni/

https://www.thestreet.com/investing/cryptocurrency/crypto-conversation-tethers-swap-is-swarmed-by-questions

OK, unless I'm missing something after reading those links and others it seems to me that the main reason is for the ability to earn interest.

[Hueristic]

Observing increasing short liquidations. Number threatening to go up some more.

I think I can live with that.

[JayJuanGee]

Observing increasing short liquidations. Number threatening to go up some more.

I think I can live with that.

Please no!!!!  need to wait until next Thursday for me to be able to buy some more... haven't had enough time to buy at these prices.

[Cryptotourist]

Thanks for exercising ur lil selfie-constraints in order to contribute towards making "my day" even MOAR 'specially better when it finally does comes.   #nohomo  

Fuckin blow him already.

#sohomo
#Thursday_here
#STFU

[Toxic2040]

Observing increasing short liquidations. Number threatening to go up some more.

[cAPSLOCK]

Observing increasing short liquidations. Number threatening to go up some more.

Oh, joy.

I really really really really really really really need this to be the front end of the big rally for this cycle.

I really want to harvest a portion of my hoard into a little real estate and set up an account to pay me like 80k a year from here on out and let the rest ride the rocket.

I am tired of my slaving for money that is worth less worth.less worthless.

That said, I can keep hanging on if I have to...  but c'mon corn!  you know you wanna!

[Toxic2040]

the evening wall report

climbing back upwards to the 0.618 the four hour chart has clear skies and smooth sailing towards building support ahead
4h


that 0.382 resistance at $9.54kish dominates the sky overhead with support gathering underneath at the 0.5 and $9.26kish  #dyor
D

#stronghands

[lightfoot]

It's a really good time to be alive....

[jojo69]

[CryptoYar]

Whale Alert
1,900 BTC (17,806,057 USD) transferred from Binance to unknown wallet

Tx: https://whale-alert.io/transaction/bitcoin/5288d8357e3e71273861c3f6fbbbbf148d5eac485efeefe054110212b6681dc7/1

Source

[Biodom]

Anatomically incorrect, but OK.

[JayJuanGee]

Regarding btc vs unnamed alts. Not really the right place, but the topic was already discussed above.

I consider btc as a savings account and alts as a checking/spending account.
I only invest single digits (in total) into alts, but sometimes they run up impressively.
Then they drop just as precipitously, so I try to take profits aggressively, mostly into fiat, with some going back into savings/btc.

BTW, this is the first cycle when multiple alts started going up exponentially before btc significantly appreciated (if you ignore the last summer "premature" bump).

You might be correct that we are bordering on a potentially slippery slope when attempting to assert whether the tail is actually wagging the dog and if so if this is the first time that such tail had happened to appear to wag the dog.

First, I believe it is way too early to even proclaim that there is some actual meaningful and lasting price breakout, whether we are talking about the tail or the dog or both... Sure, there seems to be a decent amount of short-term action, and a lot of fanfare, but will such short-term action lead to something that is sustained and meaningful?

Second, there have been plenty of times in which the tail had appeared to have been wagging the dog, previously, but then after taking a closer look, we found out that we had been looking at the situation from the wrong angle and what we thought that we had been seeing was not actually happening as we had previously mistakenly thought.



For now, I will hold my tongue, and sure of course, there could be some budding breakout that is taking place, until there is not.       

I really really really really really really really need this to be the front end of the big rally for this cycle.

Don't beg.  It's not a good look.  King daddy might decide to punish you.      

I admit that I'm no armchair psychologist, but I am not sure whether you are in a good place, bob.

[Paashaas]

“i don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” – f.a. hayek. 

Bitcoin says hello.

[El duderino_]

Despite death spiral FUD, miner capitulation FUD, future manipulation FUD, corona, PlusToken FUD, Tether FUD, whales selling FUD etc ...#bitcoin  just had its third best quarterly close ever ($9.1K) and is heading for difficulty ATH Monday (17E12). 🚀

https://twitter.com/100trillionusd/status/1280928298382565377?s=21

[Toxic2040]

Despite death spiral FUD, miner capitulation FUD, future manipulation FUD, corona, PlusToken FUD, Tether FUD, whales selling FUD etc ...#bitcoin  just had its third best quarterly close ever ($9.1K) and is heading for difficulty ATH Monday (17E12). 🚀

https://twitter.com/100trillionusd/status/1280928298382565377?s=21