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

[Last of the V8s]

https://twitter.com/dan_pantera/status/1288529239772295171

1/ “There are decades where nothing happens; and there are weeks where decades happen.”
— Vladimir Ilyich Lenin

We quoted that line last month – and, it just happened.  The United States printed more money in June than in the first two centuries after its founding.

$864 billion

2/ With that first trillion we:

- defeated British imperialists;
- bought Alaska and the Louisiana Purchase (13 states’ worth of territory);
- defeated fascism;
- ended the Great Depression;
- built the Interstate Highway System;
- went to the Moon.

3/ For the sticklers out there with the knee-jerk counter-argument:

“Hey, you need to use constant dollars – take into account inflation!”

The answer is:

That’s EXACTLY why one should get out of paper money and into #Bitcoin

[TheJuice]

my fellow bitcoin lunatics,

please note that the monthly price candle is closing in 48 hours. if it closes here it would be the 3rd highest monthly close in bitcoins price history.

if this isn't bullish af I don't know what to tell you.

Roger. LFG.

August 2020 better be the highest EOM close ever.

[Biodom]

https://twitter.com/dan_pantera/status/1288529239772295171

1/ “There are decades where nothing happens; and there are weeks where decades happen.”
— Vladimir Ilyich Lenin

We quoted that line last month – and, it just happened.  The United States printed more money in June than in the first two centuries after its founding.

$864 billion

2/ With that first trillion we:

- defeated British imperialists;
- bought Alaska and the Louisiana Purchase (13 states’ worth of territory);
- defeated fascism;
- ended the Great Depression;
- built the Interstate Highway System;
- went to the Moon.

3/ For the sticklers out there with the knee-jerk counter-argument:

“Hey, you need to use constant dollars – take into account inflation!”

The answer is:

That’s EXACTLY why one should get out of paper money and into #Bitcoin

I like Dan, but cannot agree with the following quote, especially with "until then" part:

Stay long crypto until schools/daycare open. Until then[emphasis mine] the economy won’t function and money will be continuously printed.

School opening won't mean much as schools around here are opening, kind of.

[dragonvslinux]

my fellow bitcoin lunatics,

please note that the monthly price candle is closing in 48 hours. if it closes here it would be the 3rd highest monthly close in bitcoins price history.

if this isn't bullish af I don't know what to tell you.

Correction, 2nd highest monthly close. Which would be even more bullish than the 3rd highest!

It's bullish af, end of.

what about June 2019 candle?

$10,760 (Bitstamp),  $10,761 (Coinbase) and $10,748 (BLX) = no cigar. Currently above 3rd highest close and below 1st highest. This means it's the second highest  
Current price: $11,213. GMT 18:10.

I lazily looked at this chart: https://www.barchart.com/crypto/quotes/%5EBTCUSD/interactive-chart
bitstamp is the WO reference, so...

thanks for making me even more bullish!

You're welcome!

Doesn't seem that lazy tbh, just chart looks wrong after taking a look. No idea why  

Here is what Bitstamp actually looks like right now.... 2nd highest "closing" candle so far  



Ignore the line, that's for a Weekly chart. Just long-term resistance being broken  

Edit: This is when I'm supposed to shill my tradingview referral link, but I won't 

[LFC_Bitcoin]

So if I can get this straight, it is either bullish as fuck or bullish as all buggery? Both are fine by me, just wondering.

Bullish AF, sadly we lost our coins in a boating accident in September but we can still cheer the price on from the sidelines

[dragonvslinux]

So if I can get this straight, it is either bullish as fuck or bullish as all buggery? Both are fine by me, just wondering.

Bullish AF

Technically it's only bullish as all buggery right now, if the month close in two days is the second highest, then it's bullish af.
Bullish either way though 

[OutOfMemory]

Don't get me wrong, i'm fucking excited about the pump(s), too  

...but...
has anyone thought about all the pumps we had below $10k that were followed by dumps right before BTC futures expiration dates?
however, for 31st of july it's $9.5k at CME.

I wouldn't be too surprised if BTC drops sub $10k in the next 48 hours or so.
Would we get anything from it, if it will happen?
Yes: We would have been provided with good certainty that BTC is highly manipulated by futures.

So, just to make it clear: I don't hope so, but it's in the back of my mind after huge pumps just before expiration dates.
I sometimes catch myself browsing for the expiry dates after a big pump.

#justhodl

[Last of the V8s]

So if I can get this straight, it is either bullish as fuck or bullish as all buggery? Both are fine by me, just wondering.

Bullish AF, sadly we lost our coins in a boating accident in September but we can still cheer the price on from the sidelines

Well you did. I never had more than a few satoshis anyway. I'm just a teenage keyboard warrior at heart, enjoying the freedom to say rude words on the internet. Like 'clunge' and 'quim'. But good luck with that freedom money thing, might work idk.

[Last of the V8s]

Hey President Xi if you're listening, next time can you send a virus round that preys not on the fat and the poor but on the ugly. Nothing the mingers could do but cower indoors where they belong, and us 10's could swan about having sex and whatnot in the opne air like God intended. kthx

[OutOfMemory]

So if I can get this straight, it is either bullish as fuck or bullish as all buggery? Both are fine by me, just wondering.

Bullish AF, sadly we lost our coins in a boating accident in September but we can still cheer the price on from the sidelines

Well you did. I never had more than a few satoshis anyway. I'm just a teenage keyboard warrior at heart, enjoying the freedom to say rude words on the internet. Like 'clunge' and 'quim'. But good luck with that freedom money thing, might work idk.

Meh.
If you had a ledger wallet, you probably have to take future $5000 wrench (remember: inflation...) home invasions into account as well, regardless if the bottom of the sea is hoarding your coins now.
How can these french amateurs keep sensitive data like this accessible for the world, by the way?
  

Hey President Xi if you're listening, next time can you send a virus round that preys not on the fat and the poor but on the ugly. Nothing the mingers could do but cower indoors where they belong, and us 10's could swan about having sex and whatnot in the opne air like God intended. kthx

Problem: Most 10's are female. They will establish a matriarchy and then we men are finally fucked. (EDIT: Not in the pleasant way, i mean!)
Be careful what you wish for.
Hush! Xi! Don't listen.

[Last of the V8s]

Bitcoin is many things to many people - why people choose to own hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future. These views have been the subject of misunderstanding, confusion and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, alternative asset, all of the above, or none of the above. Additionally, it is still undetermined whether the underlying blockchain is best used to facilitate wholesale clearing and settlement, consumer payments or the anchoring and timestamping of arbitrary data.

The truth is, as the ecosystem matures, Bitcoin may simultaneously serve many functions - either foundationally or through incremental layers. One of the beautiful things about Bitcoin is that its success is not predicated on serving a singular purpose.

In this piece, we will focus on the view that Bitcoin is an aspirational store of value. We explore the inherent characteristics that position Bitcoin to fulfill this role in the future, consider whether it is being used in this way today, and discuss factors that may drive greater demand for such utility.

Please download the full report here:{pdf}
.

https://www.fidelitydigitalassets.com/articles/aspirational-store-of-value

[Biodom]

Bitcoin is many things to many people - why people choose to own hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future. These views have been the subject of misunderstanding, confusion and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, alternative asset, all of the above, or none of the above. Additionally, it is still undetermined whether the underlying blockchain is best used to facilitate wholesale clearing and settlement, consumer payments or the anchoring and timestamping of arbitrary data.

The truth is, as the ecosystem matures, Bitcoin may simultaneously serve many functions - either foundationally or through incremental layers. One of the beautiful things about Bitcoin is that its success is not predicated on serving a singular purpose.

In this piece, we will focus on the view that Bitcoin is an aspirational store of value. We explore the inherent characteristics that position Bitcoin to fulfill this role in the future, consider whether it is being used in this way today, and discuss factors that may drive greater demand for such utility.

Please download the full report here:{pdf}
.

https://www.fidelitydigitalassets.com/articles/aspirational-store-of-value

We are at less than 2% of gold (EDIT: in market cap)....nice...long way to go.

[xhomerx10]

Bitcoin is many things to many people - why people choose to own hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future. These views have been the subject of misunderstanding, confusion and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, alternative asset, all of the above, or none of the above. Additionally, it is still undetermined whether the underlying blockchain is best used to facilitate wholesale clearing and settlement, consumer payments or the anchoring and timestamping of arbitrary data.

The truth is, as the ecosystem matures, Bitcoin may simultaneously serve many functions - either foundationally or through incremental layers. One of the beautiful things about Bitcoin is that its success is not predicated on serving a singular purpose.

In this piece, we will focus on the view that Bitcoin is an aspirational store of value. We explore the inherent characteristics that position Bitcoin to fulfill this role in the future, consider whether it is being used in this way today, and discuss factors that may drive greater demand for such utility.

Please download the full report here:{pdf}
.

https://www.fidelitydigitalassets.com/articles/aspirational-store-of-value

We are at less than 2% of gold....nice.

 Wait! What?  Gold is up?!

[Indymoney]

Bitcoin is many things to many people - why people choose to own hold bitcoin depends on their circumstances and views of what bitcoin is today and what it could become in the future. These views have been the subject of misunderstanding, confusion and debate. Historically, such debates have revolved around whether bitcoin, the native asset, is a store of value, medium of exchange, alternative asset, all of the above, or none of the above. Additionally, it is still undetermined whether the underlying blockchain is best used to facilitate wholesale clearing and settlement, consumer payments or the anchoring and timestamping of arbitrary data.

The truth is, as the ecosystem matures, Bitcoin may simultaneously serve many functions - either foundationally or through incremental layers. One of the beautiful things about Bitcoin is that its success is not predicated on serving a singular purpose.

In this piece, we will focus on the view that Bitcoin is an aspirational store of value. We explore the inherent characteristics that position Bitcoin to fulfill this role in the future, consider whether it is being used in this way today, and discuss factors that may drive greater demand for such utility.

Please download the full report here:{pdf}
.

https://www.fidelitydigitalassets.com/articles/aspirational-store-of-value

We are at less than 2% of gold....nice.

 Wait! What?  Gold is up?!

Gold is up today future is up 1.02% because of some good demand.

[bitebits]

Today 10 years ago:

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."

[Phil_S]

I bought a little bit of gold on March 18, when it fell down to $14xx levels, now I feel like a fucking Nostradamus, haha. 

[infofront]

Two Centuries Of Debt In One Month :: Pantera Blockchain Letter, July 2020

Here's some chart pr0n from the report:



$115K in a little over a year? Fucking beartards

[xhomerx10]

So if I can get this straight, it is either bullish as fuck or bullish as all buggery? Both are fine by me, just wondering.

Bullish AF

Technically it's only bullish as all buggery right now, if the month close in two days is the second highest, then it's bullish af.
Bullish either way though 

 I'll take "bullish af" for $1000 Alex.

https://youtu.be/hFCmrGsNANQ

[LFC_Bitcoin]

Two Centuries Of Debt In One Month :: Pantera Blockchain Letter, July 2020

Here's some chart pr0n from the report:



$115K in a little over a year? Fucking beartards

I’ll take that offer right now tbh

[Indymoney]

Two Centuries Of Debt In One Month :: Pantera Blockchain Letter, July 2020

Here's some chart pr0n from the report:



$115K in a little over a year? Fucking beartards

I’ll take that offer right now tbh

No one want to miss this offer $115K in a year real a big deal.