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

[STT]

It probably will be the same on a large scale, whats dangerous is the large movement possible has most risk for the newest users as they are also buying in at the higher prices.   No doubt some bought at the wrong time at 2017 and over invested in some way.    Its better if we move slowly, 2x is still pretty fast for an average annual gain.

shook the entire world market

I do see that happening again but it perhaps could also be some dollar shock which isnt bearish for BTC.   Lots of change is possible, some of it benefits some over others.   Hopefully not too many volcanoes blowing up which nobody is really gaining from though everything has its place in the grand plan I guess :p    We're likely in a pivotal area of finance history, things that take place over decades are going to move though who knows when exactly.

Price is currently failing momentum a bit, dipping below weekly average I'd say its in a negative mood but I'd also not expect it to especially sell off into a weekend though of course news can do that.   More something to consider entering in Japanese trading hours.

So this dude is calling for a 'mean reversion' which he believes based on history of dollar decline is an overvaluation of dollar and he projects a steady loss of value until at least 2024. 

[vapourminer]

Regardless of Kraken's limits I don't think that your bank would be entirely happy to receive millions if your usual account size, is, say 10K or less.

Call them at least before ! Then depending on the bank they might close your account, or invite you to try this 50 old liquor with a cigar...

i didnt notify mine. and while it wasnt millions (i wish) it was an amount that, well, they certainly didnt mind. all they did when i transferred x amount was try to get me to use their banks investment adviser in addition to my own.

i did tell them what bitcoin was and let them know coinbase was a regulated usa exchange etc (this afterward when i showed up in person) although im sure they checked that beforehand.

i had linked that bank account with coinbase back in 2013 or thereabouts so they already knew about it for sure.

[BobLawblaw]

Number going down.

[fragout]

Number going down.

yep. stock futures, gold silver also. tis the end i tell u

[LFC_Bitcoin]

Number going down.

Meh, all just noise. The end destination doesn’t change.

[hv_]

this👌👍

Bitcoin (BTC) will only stop gaining in value if “something unexpected” stops it, Bloomberg researchers believe.

https://cointelegraph.com/news/only-something-unexpected-can-stop-bitcoin-price-bull-run-bloomberg

Lol.

Bloomy news soo expensive

Best quote. Maybe an unexpected sell off?

 

[cAPSLOCK]

Shit is getting out of hand. Was just about to post this.

It's a chain swap as JL0 pointed out, so no new tether were effectively minted. They're just rearranging their furniture.

It's actually good(bad) for ETH.  Good as it is validating it, bad as it is going to add so much more to the centralization of it.

I seriously wonder why they don't use Liquid USDT.  SUCH a better design.

Not centralized enough.

That's actually an interesting point.

Liquid is a Federated trust model.  Very much centralized. And openly.  Ethereum is a "decentralized world computer (code is law)" that is probably about as "decentralized" as liquid, except no one is actually sure who is controlling it.

[bitcoinPsycho]

Number going down.

Or poised to go up

[soullyG]

Setting lowball bids at $9699

[AlcoHoDL]

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

[bitcoinPsycho]

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

So very true but its an obsession I have to admit

[AlcoHoDL]

Just for the LULZ.

https://youtu.be/GI7sBsBHdCk

Has been posted before, but hey, still funny!

Money printer go brrrrrrrrrr...!

[vapourminer]

Number going up...
Number going down...

Guys, you're just reading the noise.

Number has been going up since 3 January 2009.

So very true but its an obsession I have to admit

as someone already noted its much more fun to read the WO 1st and then guess the price. then check your favorite exchange and see what the real number is.

after all if you know the price before reading the WO its like hearing about the score of the football (ok soccer or whatever ) score before watching the game.

sorry for offending the (american) football vs the rest of the worlds football thing crowd. well, not really heh. not really a fan of either. now, hockey.. yeah, it has dedicated fighters whos only purpose is to to take opposing players out.. now thats a game.

[BobLawblaw]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

[d_eddie]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

[JL0]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

There is CME gap at $9600 maybe we'll fill that.

[soullyG]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

More than kinda here.

Yeah me too. Feels like ~$10500 or so will be the bottom if we do slip more here, but hey, lowball bids ready too for some high volume dump flash crash action. Mmm I love me some Bitcorn coaster

[cAPSLOCK]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin.  All of this seems inevitable to me.

That said, I have always been skeptical of the model.  For no good reason though.  Really just because it fits too damn well, lol.  And ultimately it HAS to fail.  Because it predicts a price of $∞.  Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS.  Lol.

[d_eddie]

Setting lowball bids at $9699

Doubt she's going to go that low, but good luck trying to hook that price.

Will be genuinely surprised if we dip below $11k USD/BTC. Kinda hoping the S2F projections pan out as predicted.

You know if it stays on that course for ANY reason it is going to get that PlanB fellow a LOT of attention in the traditional finance world which will be certainly waking up to Bitcoin.  All of this seems inevitable to me.

That said, I have always been skeptical of the model.  For no good reason though.  Really just because it fits too damn well, lol.  And ultimately it HAS to fail.  Because it predicts a price of $∞.  Because stock to flow eventually will do something the world has never actually seen before and would essentially make bitcoin PRICELESS.  Lol.

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? 

[cAPSLOCK]

Indeed, the absence of an upper bound makes the S2F model for bitcoin a lot less sexy in the long run. I could live with the curve flattening out at, say, $1M. Could you? 

In extraordinary comfort.