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

[Last of the V8s]

that was not the intention of the ditty  
it's an expression

[Toxic2040]

[JayJuanGee]

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 deck chairs.

^^^ FTFY

What a pessimistic picnic bear...

Did not realize that you are a Tether FUDster, too.  

The picnic bear wears many hats!!!!!!!!  

You're kidding, right?

Sure, I am kidding in regards to having some funzies with the picnic bear, but I am not really kidding in regards to substance.

I mean, you're the guy that took a Bitfinex bath, are you not?

Do you mean that anyone who had an account on bitfinex and some value (whether BTC, other crypto and/or fiat) on bitfinex as of August 2, 2016 took a bath?

Yeah, I remember you whining about various aspects of bitfinex at that time too... so sure, you have been whining for a while, and in regards to myself, I doubt that the "bath" that I took was significantly more extreme than anyone else who had value on bitfinex as of August 2...

Sure, some members reacted more extremely regarding the situation with a kind of presumption that bitfinex was employing an exit scam, and retrospectively, many of us have realized that those extreme scenarios did not seem to play out, and bitfinex ended up rising from the ashes in a way that caused the extreme actors to experience greater baths than the ones who played their hands more modestly - and yeah, I do not presume that bitfinex was either acting honestly or even that they did not financially benefit from the whole situation - and of course, we still do not know for sure whether the hack was an inside job even with the passage of more than 4 years and even with varying degrees of ongoing skepticism about bitfinex's integrity or their employment of tether and the impending death of tether and blah blah blah.

Yes.. you have seemed to have come off as ongoingly bitter about that bitfinex/tether situation, so maybe we can applaud you for that level of consistency, picnic bear (to the extent that "consistency" is a plus, lil hobgoblin bear...soooo cute!!!!!... ).

And one who kept declaring that Tether's claim of 1:1 with actual USD in the bank was (I hate to say it) good as gold, right up until the point they admitted it was all a sham.

No?

Who fucking cares?  If you hold tether at this point, you can market sell it for $1, and if you want to buy tether at this point, you can get it for $1.  Sure, if you do not want to be in tether because you feel uncomfortable or whatever blah blah blah, then get the fuck out of it.   You can use tether to move between assets and exchanges, and hold a certain amount of consistent dollar peg, and seems that Tether's dollar peg has held up pretty damned well for the past 4 years for some strange reason.  Go figure?

And sure, such dollar peg could come crashing down at any time..  Do I look like a fucking cheerleader for tether?  I hardly give any ratt's ass about tether except that it seems to be working for some purposes for some people to be able to move or hold value that they want to have pegged to the dollar for the time that they hold the tether.. and sure, such pegging works until it does not... so, ultimately, I never said that the promises of tether's ongoing peg to the dollar or whatever is as good as gold, you strawman creating twat.       .. .and even if I did say something that could be interpreted as being excited about tether (which I doubt that i did), who fucking cares?  You think that I am in bitcoin in order to get excited about tether or some other seeming quasi-centralized and difficult to understand utility/liquidity token like that?    

Stock-to-flow is nice.
It shows us where we're going.
Like we didn't know...

#haiku

Hahahahahaha

Humorous, AlcoHoDL.... but at the same time, serious.. 

[nutildah]

Okay fellas, didn't wanted to share this in the inter web but I am drunk irl for the first time in my life (Sorry LFC )and emotions kicking in.. so sharing with you guys some good news.

Somehow i feel that i am youngest fella in WO and i kinda admire some of you, to name a few love birds JJG, v8, Bob, Vap, Jo, Nutella. so letting you fuckers know that i am going to become daddy soon. Me and my partner didn't drop this nuclear bomb to our families for obvious reason, regulars might know why? but sharing here anyways because...... ...mhmm.

Congrats to you. Sorry I don't have much in the way of gifts outside of merits. Maybe you can sell your newly gained sMerits for a nice cigar on MeritTraders.io. And I promise not to go tell your family. Drunk IRL for the first time?? Damn that's quite an accomplishment as well! Perhaps even moreso than having children as it can only happen once. You seemed pretty relaxed for being an alcohol virgin before this point, which is a compliment on your overall demeanor.

[JayJuanGee]

Okay fellas, didn't wanted to share this in the inter web but I am drunk irl for the first time in my life (Sorry LFC )and emotions kicking in.. so sharing with you guys some good news.

Somehow i feel that i am youngest fella in WO and i kinda admire some of you, to name a few love birds JJG, v8, Bob, Vap, Jo, Nutella. so letting you fuckers know that i am going to become daddy soon. Me and my partner didn't drop this nuclear bomb to our families for obvious reason, regulars might know why? but sharing here anyways because...... ...mhmm.

You did not even qualify with #nohomo, you fuck!!!!!  

Drunk for the first time
and not great at cricket. But
who's the Daddy now?

You are a BIG MEANIE, V8!!!!

Meanie to "random" avatar peeps on the interwebs!!!








Ps:
Oh... I overlooked saying congrats to JSRAW and the purported upcoming family. #nohomo

Doing your part to add to HODLers, one at a time.^tm  

[Toxic2040]

the noon wall report

Continuing the battle at the 0.236 medium fib, bitcoin is currently trading near $11,678.00 

The closing of another weekly candle in just over four hours should offer further insight into what appears to another massive bullrun for bitcoin on the horizon.


1h


Fairly clear delineation of the s/r level we have been testing at the 0.236 fib. I think we might test $12kish again soon.   #dyor
4h

#stronghands

[nutildah]

So therefore they have little interest in Bitcoin itself, other than Bitcoin is luring Average Joes away from the corrupt stonk markets that they DO INDEED control. And this irritates them beyond belief. They literally WANT Average Joes back into the corrupt stonk market where they can rekt them all day long.

Who indeed controls the stock market? Give me a name. Just saying "they" is what makes you come across as a conspiracy theorist.

As if the crypto market doesn't have as much or even more potential for corruption? It's delusional to believe otherwise, just as its delusional to think the entire crypto market represents more than a blip on the overall size of trade-able markets.

Total market cap of all cryptos: $0.363 trillion
Total market cap of 3 biggest US stock exchanges: $35.503 trillion

So without adding in commodities and other stock markets, this is about 1% the size of the NYSE, NASDAQ and OTCQX. Adding in the rest of the top 25 global stock markets raises the total to $78 trillion; adding conservative estimates of the following:

Gold = $9 trillion
Silver = $6 trillion
Oil = $4 trillion
Everything else = $3 trillion

= $100 trillion dollar total trade-able market. So we're now down to the crypto market representing 0.363% of this amount.

The investors that make up the crypto market are just a speck on the overall market. Nobody is missing their money, and they aren't being covertly brainwashed to come back to the stock market by some random guy on Twitter. Just block him. Problem solved.

[Torque]

Who indeed controls the stock market? Give me a name. Just saying "they" is what makes you come across as a conspiracy theorist.

Did you know: 85% of equities/commodities are owned directly by wealthy sovereigns, central banks, investment banks, Wall Street investment funds, hedge funds, etc. Only 15% of those same investment vehicles are owned by mom and pop retail investors (actually not even owned; leased is a more accurate term...they don't really own shit). And as the Baby Boomers continue to retire and sell off their stock investments to live, and as more corporations continue to buy back their stock with freely printed money, that 15% figure is going to continue to shrink.

As if the crypto market doesn't have as much or even more potential for corruption? It's delusional to believe otherwise, just as its delusional to think the entire crypto market represents more than a blip on the overall size of trade-able markets.

Total market cap of all cryptos: $0.363 trillion
Total market cap of 3 biggest US stock exchanges: $35.503 trillion

So without adding in commodities and other stock markets, this is about 1% the size of the NYSE, NASDAQ and OTCQX. Adding in the rest of the top 25 global stock markets raises the total to $78 trillion; adding conservative estimates of the following:

Gold = $9 trillion
Silver = $6 trillion
Oil = $4 trillion
Everything else = $3 trillion

= $100 trillion dollar total trade-able market. So we're now down to the crypto market representing 0.363% of this amount.

Yes I know this. But it's growing bigger and bigger with each passing year. It's gaining in popularity. And those other markets you listed? Gold, Silver, Oil, and everything else? Those are markets that the Cabal controls. Bitcoin, they don't control. And it irritates the shit out of Wall Street.

If not, then why would the likes of Jamie Dimon or Warren Buffett even bother to comment on Bitcoin at all? Why wouldn't they just ignore it entirely? Why would the Mainstream Media spend so much time and effort, year after year, publishing hit piece upon hit piece against Bitcoin if it weren't such a threat?

[Last of the V8s]

I've seen figure of up to 4 quadrillion for the 'everything else' markets: bonds, derivatives, land, debt... . Doesn't affect your argument. A lot of that is just fake anyway.

all I really see is oh when we 100x we overtake US stonks, "conservatively" in 2 halvings' time

[aesma]

Observing 11700$

[JayJuanGee]

the noon wall report

Continuing the battle at the 0.236 medium fib, bitcoin is currently trading near $11,678.00  

The closing of another weekly candle in just over four hours should offer further insight into what appears to another massive bullrun for bitcoin on the horizon.

Perhaps another nailbiter, no?  The next (as I type) 3.71666667 hours (but who's counting those 8 digits of approximation?) remain critical^tm

I am guess-timating the need to close this week's candle at over $11,950-ish (give or take 20 bucks) in order for this week's candle to close green...

A greenie would be a bit over a 2% pumpening from our price - currently bouncing around at a weeeeeeee (a shameful note to gembitz) bit above $11,700, as I type.

[nutildah]

If not, then why would the likes of Jamie Dimon or Warren Buffett even bother to comment on Bitcoin at all? Why wouldn't they just ignore it entirely? Why would the Mainstream Media spend so much time and effort, year after year, publishing hit piece upon hit piece against Bitcoin if it weren't such a threat?

You still haven't really given me a name as to who "controls" the stock market; you just alluded to a secretive "cabal."

Jamie Dimon and Warren Buffet mention bitcoin because some of their investors want to know what they think about it. When they get asked enough times for their opinion, they finally give it. As for the mainstream media's "hit pieces," they print what sells. Obviously there is some public interest in bitcoin, so they print things that they think their readers will want to read. And not all pieces in the media about bitcoin are bad -- several also hail its innovative features and cover it in a positive light.

Here's the problem: you are relying upon too many unknowns to arrive at a conclusion. It's a hallmark behavioral trait of conspiracy theorists. Present some specific evidence that:

a. TPTB hate bitcoin and are trying to destroy it (seems like more government regulators and financial institutions are coming to terms with bitcoin with each passing day), and
b. they would go so far as to hire Twitter shills to pump the stock market and shit on bitcoin.

Without producing specific evidence, I could just as easily claim that the cow jumped over the moon.

[Torque]

As for the mainstream media's "hit pieces," they print what sells. Obviously there is some public interest in bitcoin, so they print things that they think their readers will want to read. And not all pieces in the media about bitcoin are bad -- several also hail its innovative features and cover it in a positive light.

Yeah right, about 1 article out of every 100 might.  

https://99bitcoins.com/bitcoin-obituaries/

Here's the problem: you are relying upon too many unknowns to arrive at a conclusion. It's a hallmark behavioral trait of conspiracy theorists.

And I guess you're one of those normies in life that dismiss pretty much everything you don't agree with as a "conspiracy theory", and label anyone that believes in something you don't as a "conspiracy theorist".  

It's a hallmark behavioral trait of an npc.

Just do me a favor; take another blue pill, and blissfully get on with your life.  

Btw, why are you into Bitcoin again? Why not just trust stonks and the good old USD?

[nutildah]

My problem is I have a scientific background and appreciate little details like evidence and logic before jumping to conclusions that serve to reconfirm my world view. If that renders me a normie NPC then call me Wojak.

[Toxic2040]

I've seen figure of up to 4 quadrillion for the 'everything else' markets: bonds, derivatives, land, debt... . Doesn't affect your argument. A lot of that is just fake anyway.

all I really see is oh when we 100x we overtake US stonks, "conservatively" in 2 halvings' time

+1 WOsMerit

*added information to image that could be relevant   

--------

the noon wall report

Continuing the battle at the 0.236 medium fib, bitcoin is currently trading near $11,678.00 

The closing of another weekly candle in just over four hours should offer further insight into what appears to another massive bullrun for bitcoin on the horizon.

Perhaps another nailbiter, no?  The next (as I type) 3.71666667 hours (but who's counting those 8 digits of approximation?) remain critical^tm

I am guess-timating the need to close this week's candle at over $11,950-ish (give or take 20 bucks) in order for this week's candle to close green...

A greenie would be a bit over a 2% pumpening from our price - currently bouncing around at a weeeeeeee (a shameful note to gembitz) bit above $11,700, as I type.

Closing green on the weekly might take some effort..I think as we are still in consolidation mode as we get ready to enter the final week of August...any close in this range is still a net positive.

The Bull has arrived imho.
#dyor
W

#stronghands

[JayJuanGee]

My problem is I have a scientific background and appreciate little details like evidence and logic before jumping to conclusions that serve to reconfirm my world view. If that renders me a normie NPC then call me Wojak.

Wojak?  Is that you?

[aesma]

The stock market is high because central banks are printing fiat and buying assets (even junk stuff). There is no need for a conspiracy, it's all done in the open.

[Torque]

My problem is I have a scientific background and appreciate little details like evidence and logic before jumping to conclusions that serve to reconfirm my world view. If that renders me a normie NPC then call me Wojak.

So Epstein really did kill himself, eh? I guess without evidence to the contrary, you believe he most certainly did.  

Here, have another blue pill. Nom nom.  

[nutildah]

My problem is I have a scientific background and appreciate little details like evidence and logic before jumping to conclusions that serve to reconfirm my world view. If that renders me a normie NPC then call me Wojak.

Wojak?  Is that you?

https://media1.tenor.com/images/3b06f433573161e36e5526b35b07f1d8/tenor.gif?itemid=16294467

So Epstein really did kill himself, eh? I guess without evidence to the contrary, you believe he most certainly did.  

Much like the JFK assassination or 9/11, without concrete evidence to shift the debate one way or the other, its not really worth speculating upon, and Occam's razor applies.

[Icygreen]

My personal favorite is WTC7 hitting the ground at freefall speed. After 9/11 we were called conspiracy theorists for more than a decade before supposed logic started to creep in. Still, ask someone how that day happened and I bet you get some jihad box cutter story, flight manuals and recovered passports.  Mistrust of government and powerful elites (they) is learned.

https://m.youtube.com/watch?v=t2vEqcjw5x4

Those we place in the box of 'conspiracy theorist' usually have their bullshit sensor on sensitive, and rightfully so.  They're kinda like the first line of defense and we need these critical thinking guards on duty.