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

[JSRAW]

@fillippone : BTC Pump > Memes > BTC Dump > Haikus> BitcoinGirl.Club's account hack....

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https://twitter.com/BlakePavey/status/1288818865846120449

Definitely, must-watch hilariousness (only 45 seconds of your life).

One more for you, different genre ...
https://twitter.com/KingleafDaDon/status/1289986419734335498

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[Last of the V8s]

A big part of the BTC bid today is from previous sideliners who grabbed a starter allocation in the 10k-10,500 area on the breakout.

These are longer term macro-based buyers, as opposed the small overleveraged guys who chased the pop over 12k and got blown out.

https://twitter.com/MacroScope17/status/1290357835986083841

Are we talking about noobs ? If the price goes down a bit, would they be likely to sell ?

banks. so yes new to btc but not to trading. they need to hold some. stems from the OCC bump

[serveria.com]

It's surprising how many peeps whom I have considered to be quite intelligent (not only on this forum but also IRL) have fallen for conspiracy theories (COVID-19, 5G, Bill Gates mind control chips etc)  

With all the conspiracy theorist propaganda out there, it's easy for the weak-minded to be brainwashed.

That said, don't be a conspiracy denier either. Of course the examples you listed are laughable but that doesn't mean that what Edward Snowden pointed out is also bullshit.

Plandemic and chemtrail mind control may be imaginary but covid and PRISM are very real.

Be neither conspiracy theorist nor conspiracy denier... i.e. use your brain.

[AlcoHoDL]

Pokémon doll still 3D printing... 13h 42m left.

Number go up.
Volume go up.

$12k (10k €) / BTC before doll ready?

How the fuck do you print a Pokémon doll?  That's uncle-ly love, for reals.

Yes, you can! The doll has finished printing and is super cute. Took 36 hours to print, and is personalized for my niece. It was very difficult to print, due to many overhang areas requiring heavy use of PVA material for supports (3D printing experts will understand).

Love my little niece, that's true.

3D printing a Pokémon doll as a special present to my niece. Uncle duties...

Looks like the beast has awoken again!

We are The HoDLers.
We answer to no one, but...
Lambos, Hookers, Blow!

#haiku

That's a bit of a stark contrast, AlcoHoDL, all contained within one post.  

Wow, right before my previous post! Are we telepathically connected?

Believe me, I thought about the contrast issue.

Haiku/Uncle duties conflicting... LOL.

Her daddy is a coiner. Thanks to me. Although he holds much more alts than BTC. I've warned him, but he has fallen into the "BTC too expensive" trap. I hope the incoming bull run will find him HoDLing some good amount of corn.

You may not have received the truly - or would the correct word be "literally?" "internal" memo:   You, me and JSRAW are likely just the same peeps.  

Pray for your brother (or is it brother in law?) that he someday (before it is too late) see the light.  But to each their own and at their own pace.  Many folks want to outsmart the situation, and perhaps he will find a profitable way without losing too much along the way, perhaps.  Not everyone was made to be a bitcoiner at this particular time in the bitcon's life.

I will tell him again this weekend when we'll have our weekly BBQ. He insists "he now understands how this game works" and aims at certain altcoins to maximize profits, with the ultimate goal of using said profits to buy BTC. Let's hope he's right lucky enough to end up in profits in the first place... He may get lucky though, as the upcoming BTC mega-pump will likely drag most major altcoins with it, at least in the short term.

In the 2017 pump, his $4,000 investment (in alts) increased to $50,000. But he never sold anything, and he's now below his initial investment. Let's hope he is wiser this time. For his sake.

[Karartma1]

That's what I am talking about.
Forget charts, we must prepare for the rocket launch. I know all of you have been waiting for so long. 
Personally, I have never been so enthusiastic about bitcoin reaching space like of these days!
As Jimbo says, go bitcoin go! And you better prepare for it.

[bitcoinisbest]

That's what I am talking about.
Forget charts, we must prepare for the rocket launch. I know all of you have been waiting for so long.  
Personally, I have never been so enthusiastic about bitcoin reaching space like of these days!
As Jimbo says, go bitcoin go! And you better prepare for it.

Soon we may see bitcoin’s rocket launch and reaching the new skies of high. Let’s keep the hope afloat to see new ATH in coming time.

[El duderino_]

free afbeeldingen

[Phil_S]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

[AlcoHoDL]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Yes, it is.

But we are greedy.

We want MOAR!

[LFC_Bitcoin]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

[d_eddie]

Licked 10k from above. Let them play sideways. Tide is turning and we're on top of it.

[Phil_S]

4 best months so far:

12/2017   average price=$14835
 1/2018   average price=$12891
 7/2019   average price=$10665
 8/2019   average price=$10612

[Karartma1]

Taking August to re-read the Bitcoin Standard again just to be sure I remember that I am here for the long term. In case you haven't read it, do yourself a favor and read it.

[BobLawblaw]

Lots of Tether moving around.

[JayJuanGee]

3D printing a Pokémon doll as a special present to my niece. Uncle duties...

Looks like the beast has awoken again!

We are The HoDLers.
We answer to no one, but...
Lambos, Hookers, Blow!

#haiku

That's a bit of a stark contrast, AlcoHoDL, all contained within one post.  

Wow, right before my previous post! Are we telepathically connected?

Believe me, I thought about the contrast issue.

Haiku/Uncle duties conflicting... LOL.

Her daddy is a coiner. Thanks to me. Although he holds much more alts than BTC. I've warned him, but he has fallen into the "BTC too expensive" trap. I hope the incoming bull run will find him HoDLing some good amount of corn.

You may not have received the truly - or would the correct word be "literally?" "internal" memo:   You, me and JSRAW are likely just the same peeps.  

Pray for your brother (or is it brother in law?) that he someday (before it is too late) see the light.  But to each their own and at their own pace.  Many folks want to outsmart the situation, and perhaps he will find a profitable way without losing too much along the way, perhaps.  Not everyone was made to be a bitcoiner at this particular time in the bitcon's life.

I will tell him again this weekend when we'll have our weekly BBQ. He insists "he now understands how this game works" and aims at certain altcoins to maximize profits, with the ultimate goal of using said profits to buy BTC. Let's hope he's right lucky enough to end up in profits in the first place... He may get lucky though, as the upcoming BTC mega-pump will likely drag most major altcoins with it, at least in the short term.

There surely are some folks who are able to pull off some kind of involvement in shitcoins that ends up improving their BTC position, and sometimes they can also learn about the whole space a bit better (and some don't even get too distracted in nonsense).

I am really not too sure how I would handle such a situation, but surely allow him to provide some justification attempts, to the extent that he is ready, willing and able to share that information with you.  It could be productive kind of conversation, to the extent that you might not get frustrated with some of his shitcoin talk and then diverting too much into shitcoin pumpening talk which frequently does seem to include some parts that imply purported deficiencies in BTC.

Of course, some of the best shitcoiners know continue to make sure that they have exit strategies from their shitcoins, and sometimes they do get caught too much into shitcoins in terms of actual finances, but then if they cannot get out or they just begin to believe too much in the shitcoin projects, then it might become more and more difficult to relate to them because their mindset seems to begin to actually believe the nonsense that they are being fed, even while they proclaim that they do not really believe but they are just in for the pumpening of the shitcoin, blah blah blah.

In the 2017 pump, his $4,000 investment (in alts) increased to $50,000. But he never sold anything, and he's now below his initial investment. Let's hope he is wiser this time. For his sake.

Well, there you go.  That's part of the difficulty.

There are a bunch of eth-heads (a kind of shitcoin enthusiast that is out there in the wild) that are looking at eth's pump in the past few months, and they are excited as fuck, and that eth has not even come close to making up for its early 2019 loss relative to bitcoin... so sometimes there can be a bit of a bagholder mentality.. and also, relative to the dollar (rather than relative to BTC) they might actually be UP... which causes them feelings of hopium, too..

I am starting to feel a bit dirty by thinking about some of these shitcoin ideas.. but yeah, if we are interacting in real life, we already likely realize that there is a decent amount of draw that regular peeps are going to experience in terms of shitcoins, and some folks do end up dabbling a bit more than might be for their own good, so frequently, I will try to suggest ways that they can "limit" their shitcoin experiments, which suggestions of limiting might surely fall on deaf ears, as we both seem to have experiences in that direction... difficult to save people from themselves and difficult to really predict that they might not figure out some gambling system that might end up paying off, even in terms of increasing their BTC holdings.

[julian071]

My daughter made this for me today:



She's a hodler too!

[Biodom]

4 best months so far:

12/2017   average price=$14835
 1/2018   average price=$12891
 7/2019   average price=$10665
 8/2019   average price=$10612

#3 is actually July 2020 at 11323 (coinmarketcap) by closing, but higher on coindex index-$11430
Not sure if average is more relevant or less.

Basically, apart from two "frothy" months of 2017-2018 peak, we closed July at the highest monthly.
A 'bronze' so far...going for "gold"  

[JayJuanGee]

If we're going to spend an entire August in 11xxx range... well, that's fine with me.

It's a good range!

Stability is good, sometimes trading in a sideways range for significant period is a good thing. Se were in the $9’000’s for a while before we broke out. I’m cool with being in the $11’000’s for a month or two if it means we break out & push towards $14,000 or something by November.

I personally believe that we cannot really request what BTC should do in the short to medium term, but those of us who have been HODLing for a decently long time (a few years) kind of already recognize that bitcoin is going to do whatever she is going to do.

I understand that you, LFC, are using the word "good," and it sounds as if you could be asserting "good" in a kind of prescriptive way - but there is also a descriptive interpretation of your same sentence to suggest that you are asserting that if BTC stays in this kind of $11k arena for a while, then that allows for BTC buying support to catch up (in a kind of Lindy Effect way), and surely, after the BTC price is in this area "for a month or two," then the BTC price could break out in either direction, but sometimes just staying in $11k price area for such short to medium term will likely cause it to become a bit more costly for the bears to both spend their coins to push the BTC price down and to take chances that they might NOT have enough coins (or lack of buying support from others - or negative BTC sentiment) to be able to actually push BTC prices down low enough or keep the BTC prices down long enough in order to actually be able to reacquire the coins that they had used to push the BTC price down.

I am surely not complaining... and just remembering how much time we were spending toiling in the $7k-ish price arena, and considering that frequently dipping into the $6k-ish area and wondering if $6k-ish buy support might not be able to hold.. and now those $6k-ish buy numbers and dips are feeling like a kind of fantasy price area that a lot of precoiners, fence-sitters and/or BTC accumulators, would really salivate to get some coins in something close to that same BTC price arena that we seemed to have been visiting and toying with on a regular basis in a kind of "quite strongly" feeling, just a few short months ago...

Some of us have seen seemingly similar variation of the picture play out in the BTC historical charts, and some of us have personally witnessed (experienced) such BTC price performance scenarios with similar (not going back), that sometimes is difficult for the precoiners, fence-sitters and early BTC accumulators to relate to such likely "not going back" BTC price dynamics.

[cAPSLOCK]

Lots of Tether moving around.

I know very little about ETH, and own exactly 2 of them, I think, lol. 

But isn't the ETH fee market starting to blow up, and if so does that not cause tether moves (at least the ones where it's on Ethereum, which I think is most of them) expensive?

I just looked it up... looks like it's getting to be something like $0.50.  So not too bad yet.

I would honestly think the Tether foundation (or whatever they are called) would REALLY REALLY benefit from switching issuance of as much USDT as possible to the Liquid sidechain.

[El duderino_]

Lots of Tether moving around.

Lots of BTC moving around as well