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

[Last of the V8s]

Russia isn't big. https://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures
https://twitter.com/markaduck/status/1292791796754415619?s=20

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[bitserve]

A crash is possible if USA Russia and China all agree to out law it.  

Russia is totally irrelevant. China have already sidelined themselves. The US outlawing it would be one of the weirdest moves of modern times.

Agreed. The time for outright banning Bitcoin is long gone. Now that enough people and institutions are dealing with it a decision like that would need too much "justifications" to even consider it.

[gentlemand]

Its my personal feeling Russia is still big in Crypto 

For scamming, yup.

Russians are skint. The economy is half the size of the UK and they regularly taunt us for being pipsqueaks.

Russia blew it. They mean nothing in Bitcoin terms. They could've if they had any vision beyond gangsterism.

[philipma1957]

A crash is possible if USA Russia and China all agree to out law it.  

Considering it is becoming increasing legal throughout the world for banks to hold and deal in btc I find this an impossibility.

that is why the word “if” was used in my statement.

not the word “when”

[Indymoney]

Russia isn't big. https://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures
https://twitter.com/markaduck/status/1292791796754415619?s=20

You are right its my mistake I accept this really they are big in scams.

[LFC_Bitcoin]

Sub $11,000 tonight?

I’m not bothered as long as we don’t go back to 4 figures. Bit of volatility isn’t bad at this price.

[philipma1957]

Sub $11,000 tonight?

I’m not bothered as long as we don’t go back to 4 figures. Bit of volatility isn’t bad at this price.

Actually since I am hodling to at least Nov 1 or 50k price.

I would love 💗 💕 to see a strong drop to 8888.

The problem is it is going to go over 13000 very soon. Much more likely to see the 13000 price

before we see 8888.

The big move comes sept 21 to oct 14.

if covid spikes like mad from the usa school kids catching it the  fud will rise like mad. the election retoric will go up and over the top. causing the left and the right to fear the other side winning.

and people that have a lot to lose will want lots of btc and crypto coins to flee to.

[boumalo]

11169$ 

It was 11949 less than 24 hours ago.

There will be some support at some point, where do you think ? 10500 ?

I feel 12k is the new 10k, we can't break it, it's positive, we are still relatively high !

[Hueristic]

A crash is possible if USA Russia and China all agree to out law it.  

In other words: a crash is impossible. I really don't think USA, Russia and China can agree on anything... 

Except that the masses do not deserve individual rights.

[Last of the V8s]

Does anyone actually like this Kamala Harris? Not the libs, not the right, so ...?

[Elwar]

Does anyone actually like this Kamala Harris? Not the libs, not the right, so ...?

Kamala Harris is the toughest prosecutor in the US. Half the population of people in jail have her to thank for it.

Democrats love police that are tough on crime.

[Last of the V8s]

[sirazimuth]

....
What a complete clown you are.

you are exactly half way through a bear market as you well know.  You spend your life on this thread trying to convince noobs you know what you are talking about when you're a shill. 

sub 2k is inevitable. but you know this and if you don't, you're a moron. So what is it ? a shill or a moron?  I concede there is a high chance you're both.

...snipped ... clowns , etc...

Looks like that jonoiv character went fishing and hauled in his favorite target...the famous wob wordy man

[Torque]

Does anyone actually like this Kamala Harris? Not the libs, not the right, so ...?

Kamala Harris is the toughest prosecutor in the US. Half the population of people in jail have her to thank for it.

Democrats love police that are tough on crime.

Yes, but... I have quite a few Democrat acquaintances, and some former ones, who initially liked and voted for Obama because he was a well-spoken former lawyer, only to become disenchanted with him later on.

They thought he ended up being nothing more than a silver-tongued "Slick Willy" who spoke really eloquently, but ultimately just said a bunch of gibberish nonsense that sounded good to the public, and never really followed through on many of his promises.

That's a lawyer for you. I doubt that she would be any different as VP. Although, what do VPs do anyway?

[cAPSLOCK]

Trigger Warning: Businesswire

https://www.businesswire.com/news/home/20200811005331/en/MicroStrategy-Adopts-Bitcoin-Primary-Treasury-Reserve-Asset

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, today announced that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, inclusive of fees and expenses. The purchase of Bitcoin cryptocurrency was made pursuant to the two-pronged capital allocation strategy previously announced by the company when it released its second quarter 2020 financial results on July 28, 2020.

The company addressed the first prong, which called for returning a portion of its excess cash to shareholders, when it announced today that it had launched a cash tender offer for up to $250 million of MicroStrategy’s class A common stock via a modified Dutch Auction offer. By acquiring 21,454 bitcoins, MicroStrategy addressed the other prong of its capital allocation strategy, which called for investing up to $250 million in one or more alternative investments or assets.

“Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term value for our shareholders,” said Michael J. Saylor, CEO, MicroStrategy Incorporated. “This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash. Since its inception over a decade ago, Bitcoin has emerged as a significant addition to the global financial system, with characteristics that are useful to both individuals and institutions. MicroStrategy has recognized Bitcoin as a legitimate investment asset that can be superior to cash and accordingly has made Bitcoin the principal holding in its treasury reserve strategy.”

I believe fairly strongly (maybe I should read ahead before posting this in case you have all already been saying it... but anyway) that the price action we are seeing today as about as textbook a "sell the news" situation as imaginable. 

I think we are fine as long as we do not drift under 11050(ish) for very long. In fact I figure it might be a decent time to BTD.  But if we do fall too far under there, there isn't much technically holding us till ~ 10200 or so.

My prediction is after this correction we see another round of action similar to what led up to this news.  Because I think that story is going to start repeating itself.

And as much as I would love to jump on a rocket, I feel like the longer we can go before the dam breaks the better launchpad we will build.  Slow steady climb.. sort of like 2015-2017 is what I am hoping for.

The further we can get towards an ATH, and even past it without the great FOMO of this cycle kicking off, the longer I think the legs will be.

This is exciting, isn't it?

(PS as I typed all this gobbeldy goop I've been watching the action move from 111xx to113xx... good... good)

[xhomerx10]

Does anyone actually like this Kamala Harris? Not the libs, not the right, so ...?

Kamala Harris is the toughest prosecutor in the US. Half the population of people in jail have her to thank for it.

Democrats love police that are tough on crime.

Yes, but... I have quite a few Democrat acquaintances, and some former ones, who initially liked and voted for Obama because he was a well-spoken former lawyer, only to become disenchanted with him later on.

They thought he ended up being nothing more than a silver-tongued "Slick Willy" who spoke really eloquently, but ultimately just said a bunch of gibberish nonsense that sounded good to the public, and never really followed through on many of his promises.

That's a lawyer for you. I doubt that she would be any different as VP. Although, what do VPs do anyway?

Well if your name was Dick Cheney, you did everything the president had responsiblity for except for blasting your hunting partner in the face with bird shot (which is not exclusively in the domain of Presidential duties).

[serveria.com]

Climbing back up... didn't even touch 11k...  relax girls... 

[gentlemand]

Yes, but... I have quite a few Democrat acquaintances, and some former ones, who initially liked and voted for Obama because he was a well-spoken former lawyer, only to become disenchanted with him later on.

They thought he ended up being nothing more than a silver-tongued "Slick Willy" who spoke really eloquently, but ultimately just said a bunch of gibberish nonsense that sounded good to the public, and never really followed through on many of his promises.

He struck me as a boring wind bag before he got the top job. And not much of a Long Legged Mack Daddy either.

[Indymoney]

Climbing back up... didn't even touch 11k...  relax girls... 

Now we have $11350K so can girls jumps around ?

[xhomerx10]

Climbing back up... didn't even touch 11k...  relax girls... 

Now we have $11350K so can girls jumps around ?