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

[cAPSLOCK]

Think of it from Faketoshi's perspective and it all makes perfect sense. How would you go about getting access to bitcoins without private keys? Your only real option is to start a legal battle, get some judge's order to "assign" them to you, and in parallel try to centralize the miners so that you could try to enforce that order with minimal costs, the less miners/validating nodes there are the easier it would be to force them to comply thus you're more likely to succeed. Label everyone that doesn't agree a criminal

Absolutely.  That has been the long part of the con from the tip AFAIK.  And I assume CA is in on it.  At the very least the sycophants will cheer and lick his toes as they had over the UTXOs for the Satoshi hoard as represented in BSV.  But that is not the brass ring he's going for.  But it is the iron one he might end up with...

[AlcoHoDL]

Taking a sort of ad hominem stance by calling people who validate the protocol and transactions on the bitcoin network "irresponsible neckbeard hobbyists unable to make the proper life choices to enable them to leave mommy's basement" is not helpful or realistic IMHO.

Nope its called a strawman (wrapped in a red herring) and is a tactic Jbear falls back on when he is losing an argument. Logic fallacies are the shield liars, thiefs and schemers hide behind rather than admit their true goals.

We all know those "neckbeards" created bitcoin to protect against the centralist bankers that BSV is bootlicking.

It also hurts my soul that JB is parroting the talking points of the BSV drones. I mean, it's one thing if the argument is valid. But this is just as bad as the "thousand socks of nullc" talking point (quite the neckbeard by the way...).

And that's just it.  No one is making a coherent argument for that fork.  They bring up "protocol set in stone" as they change it.  They fall back on "Law(l) and courts".  Often you get to hear the "So many people are not smart enough to get it" or the "DYOR" argument.  The the abominable "CSW is SN" garbage.

Another one of my favs is Calvin running around accusing people LEFT AND RIGHT of being paid trolls.  I think Kevin Pham was OBVIOUS in that regard, and I have my suspicions that possibly Daniel Krawictz also was in that category.  I have NO DOUBT that various twitter "influencers" received compensation for something like that.  And his proclaimations of paid trolls sort of ignores the FACT that Bitcoin niether NEEDS or even cares about paid trolls.

What bitcoin HAS done is chew up and spit out just about everyone who has ever either purposefully (Pirate@40, so many others) or accidentally (Carpeles) attacked it.

Think of it from Faketoshi's perspective and it all makes perfect sense. How would you go about getting access to bitcoins without private keys? Your only real option is to start a legal battle, get some judge's order to "assign" them to you, and in parallel try to centralize the miners so that you could try to enforce that order with minimal costs, the less miners/validating nodes there are the easier it would be to force them to comply thus you're more likely to succeed. Label everyone that doesn't agree a criminal

And if you really want to go down that line of thought look for whatever is behind CSW pushing that goal and what can be accomplished once a precedent of not immutable is set.

This is why it is our obligation to protect decentralization and fight centralizing forces before they take root.

Sorry, I just had to enlarge your last sentence...

[El duderino_]

HODLsleep !

Go corn, the momentum is yours

[DaRude]

Well this is a good start weeeeeeeee

[JimboToronto]

How pleasant... $9530.

[LFC_Bitcoin]

Observing a nice PUMP, today is a good day.

Also observing Twitter UK official account posting this



https://twitter.com/twitteruk/status/1286052229808447489?s=21

CHAMPIONS

[UnDerDoG81]

Holy shit whats behind these no volume pumps?

[vapourminer]

Holy shit whats behind these no volume pumps?

aliens

[hodl_2015]

Holy shit whats behind these no volume pumps?

It doesn't take a lot of volume when everyone agrees the price should be much higher.
Also: USD is dropping so BTC priced in USD should go up.

[goldkingcoiner]

I am here for the 10k train. I got my ticket and my sandwich.

[ProfTP]

John Bollinger tweeted about the first lift after the BBands squeeze on BTC/USD yesterday. You can see it on the 4 hour Bitstamp chart:


Slight pull back today but still a bullish bias IMO. Slight, but it is there and significant. We need to see follow through with prices starting to walk the upper BBand again and take out $9480, and IMO this needs to happen within a week or we face more than just continued sideways consolidation. We could test $9000 again and if that level does not hold the next significant support level is ~ $7700.

Didn't bollinger himself point out that to a good degree btc does seek to touch the lower band if it broke up through the upper one?
I see this repeating quite often in my charts if i enable BB.

it actually did a few days ago and quple of times around june/july


its quite a good step out of the band


looks like btc is geting pumpy

[strawbs]

Walls observed, years pass
Spartan hodlers wait unerred
Their time is nigh, Choo

#anytime haiku

[bitserve]

This is fine.

[Wekkel]

Next sell signal will be when 3 day RSI is over 90 to 92.

I tend to think that above 85 RSI proved to be a tradable signal. But perhaps you only look for the absolute peak in the next bull run?

[BitcoinNewsMagazine]

Next sell signal will be when 3 day RSI is over 90 to 92.

I tend to think that above 85 RSI proved to be a tradable signal. But perhaps you only look for the absolute peak in the next bull run?

Depends on your risk tolerance and entry/exit signals learned from experience. During the December 2017 parabolic top selling at 3 day RSI of 92 would have got you out at about $16500. Then you had another chance to sell over $16000 on the dead cat bounce in January 2018. Back then the public (even some seasoned traders) were not even thinking about selling, expecting the bull run to continue. Then there was money to be made shorting all the way down to $3122. If you used 3D RSI under 18 you would have closed your short at about $3500 - $4000.

[Biodom]

I am sorry for OT, but Tesla model 3 is a car that is made of cheap materials and is too small for the price.
Sales are down, yet sales of "credits" are up 400%. Stock is up in OT, of course.
TSLA stock is at 300bil valuation. IMHO, a crazy mania, indeed.
https://www.wsj.com/articles/tesla-charged-up-but-going-nowhere-11595454092

Thank g-d, I never shorted it. Was considering calls last summer and even was on a waiting list to buy the car at some point, then saw it in person-no go for purchase.

Glad that btc is up, but annoyed that we are not leading in %%.

Q: can btc do half-Tesla (5X) in the next 12 mo? I hope so.

[Toxic2040]

the evening wall report



1h


4h

[_javi_]

I've just bought a new monitor at Newegg.com, and paid with Bitcoin. 

Payment went thru smooth and fast. Much better than using my local (Argentine) credit card, asking for authorization for a payment abroad, and informing my unfriendly gov about any usd movements.

The only drawback is that i spent my precious hodled satoshis. Now a frenetic bullrun will surely begin.. This is going to be the more expensive monitor ever (0.07 BTC for the records).

Enjoy the +200 usd rise in minutes.. That was me, spending sats.

[lightfoot]

Bump is nice!

Meantime I saw this and just fell over laughing. I simply do not think this well....

[lightfoot]

I've just bought a new monitor at Newegg.com, and paid with Bitcoin. 

Payment went thru smooth and fast. Much better than using my local (Argentine) credit card, asking for authorization for a payment abroad, and informing my unfriendly gov about any usd movements.

The only drawback is that i spent my precious hodled satoshis. Now a frenetic bullrun will surely begin.. This is going to be the more expensive monitor ever (0.07 BTC for the records).

Enjoy the +200 usd rise in minutes.. That was me, spending sats.

Crap, Newegg is taking Bitcoin again?

I still can't bear to throw out my $4,000 cell phone from a few years ago. Aarrgghh!!!