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

[Last of the V8s]

oh thank god. one can now wrap ones bitcoin in a defi thing on the Tron blockchain. at last

[bitebits]

I am still buying, it's just I don't like the action since the summer of 2019.
Something changed and I can feel it, however it is difficult to convey intuition.
In 2017 everybody was very concerned about btc split,e tc, yet it went from 1K to 20K.
In 2019-2020 everybody (PlanB, PTJ, prominent bloggers, etc) keep saying how great btc is, invest half a bil $$ (the Saylor man), yet here we are, STUCK (and lower than in 2019, which is much earlier in the supposedly bullish cycle).
Nobody had rationalized these doldrums yet.
The fact that Pomp (with an unknown investment prowess) and Raoul Pal are now all in btc does not give me particularly good vibes.
They are good at blogging, NOT investment.
I look at Raoul Pal as a contrarian indicator...usually whatever he says moves 180 degrees (aka in the opposite direction).

Patience.

I see a lot of bullish bitcoin tweets but very few tweets about how bearish mining revenue is rn.
https://twitter.com/sgbarbour/status/1309701673409945602

Bullish.

[Paashaas]

Why most people will have poor returns with Bitcoin.

https://twitter.com/HODLBitty/status/1309561160275034113

[friends1980]

Proud hodler since 2008.

It reminded me "I created a bitcoin wallet in 2010 and forgot about it. After seeing BTC hit $900, I went back and checked my stash..." 

Took me quite a lot of acid, but indeed, now I can see the similarities between my and your posts.

[cosnes]

The simple reality is that nothing has changed. Nothing. People just don't sit at their desks in the office or stand awkwardly at the cooler waiting for a conversation about Bitcoin or privacy.

Users are still the most risky part of any security program, and all of the standard best practices and advice that the security community has followed over the years continues to apply.

[El duderino_]

Big! New bill in the Israeli Knesset: "Bitcoin should be recognized as a currency and not as an asset for tax purposes" ... "the regulatory reality in Israel is not adapted to the existing reality in the field" globes.co.il/news/article.a…

From Tuur Demeester .... can’t share the twitter link....
But worth a view ....

https://www.globes.co.il/news/article.aspx?did=1001343596&fbclid=IwAR1KsItSjl5W5DRYId0l2JFasqKMCbj3VH7Vz2ymWSKmY4r-Vfz24DjQ-SE

[JayJuanGee]

I am still buying, it's just I don't like the action since the summer of 2019.
Something changed and I can feel it, however it is difficult to convey intuition.
In 2017 everybody was very concerned about btc split,e tc, yet it went from 1K to 20K.
In 2019-2020 everybody (PlanB, PTJ, prominent bloggers, etc) keep saying how great btc is, invest half a bil $$ (the Saylor man), yet here we are, STUCK (and lower than in 2019, which is much earlier in the supposedly bullish cycle).
Nobody had rationalized these doldrums yet.
The fact that Pomp (with an unknown investment prowess) and Raoul Pal are now all in btc does not give me particularly good vibes.
They are good at blogging, NOT investment.
I look at Raoul Pal as a contrarian indicator...usually whatever he says moves 180 degrees (aka in the opposite direction).

Patience.

FTFY by adding a meme in order to make the idea more meaningful:

I see a lot of bullish bitcoin tweets but very few tweets about how bearish mining revenue is rn.
https://twitter.com/sgbarbour/status/1309701673409945602

Bullish.

Hashrate up 11.35% to record levels in the last difficulty adjustment (less than 7 days ago)


Based on continuing computer power thrown at bitcoin, Hashrate estimated to go up nearly another 6% in about 7 days from now.

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

[600watt]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

[LFC_Bitcoin]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

What’s your prediction for the bitcoin price at the end of 2020?

[xhomerx10]

Am I the only asshole buying Eth until 32 then more Bitcoin right now? Fucking laugh at me the fool right?

Yes...

Ethereum is a shitcoin...

Don't buy it..

Don't even take it for free.  

Sorry...that "meme magic" is 100% lost on me.

1. not even into memes...took me months/years to finally ask "the hat-master" for a hat.
2. I did not get the meme...dog loves her already? duh! but then, why "she is asking me to go deeper"?
...confusing...does not compute...%#%#$%^*...primary CPU is out, secondary is overheating...

Have you ever heard of the expression:  "a picture is worth a thousand words"?

In essence, memes cause posts to be shorter, especially if they do not need to be explained. 

 

 That's all well and good until your meme doesn't meme what you think it memes.

[Karartma1]

Why most people will have poor returns with Bitcoin.

https://twitter.com/HODLBitty/status/1309561160275034113

That meme is so true. And I have to admit that I was stupid enough to follow the trading advice queue.
Not anymore, full buy, hold, and forget now.

@JJG
Your adjusted dca strategy might be a good fit for my needs. Thanks

[bitebits]

https://digitalik.net/btc/dashboard/


Puts the current price in perspective (nice website btw).

[Torque]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

[nullius]

No one will shove big amounts of money into bitcoin before the U.S. election.

How is that even relevant?  Trump and Biden are approximately the same.  Neither will seek to undo the products of the Woodrow Wilson administration—and starting before undoing the Roosevelt New Five-Year Plan New Deal, that is what should be most important to the financial decisions of American investors, if they are capable even of remembering what they ate for breakfast.   #justsaying

Moreover, this charade has not even the slightest relevance to non-American investors.  One or the other of two American Commissars will be “elected”.  Either way, America will continue to be a terrorist rogue state, will continue to undermine the bigcorp-dollarized-globalized economy, will continue to export cultural degeneracy...  Yawn.

Some people’s obsession with this pointless circus act is surreal.  Not buy Bitcoin because of it?  Say what?  Why should Bitcoin give a hoot?

So much noise about what is basically just entertainment.  Football hooligans, scaled up.

[Philipma1957cellphone]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways away for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

The chance of btc staying in the 10k to 11k range from now to 2024 is under 5%.

First holy covid batman ! Ie covid is not done yet.

Second the world has been able to shut down so many businesses over covid it is stunning.
Not the USA not China not India the entire world has been shutting down and killing off many many many businesses. So what to do?

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

[vapourminer]

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

i swore moon was scheduled for this weekend. will be disappointed if we are not all filthy stinking rich(er) by monday.

[xhomerx10]

~snip

From here on out, no more meaningless memes, Toxic... You fuck.  

I am merely a conduit...for this message.. so don't shoot me...

 Seriously JJG? You're not familiar with candy corn?  Can you not see how happy that little guy is?!
I'm pretty sure the reason he's happy is that there's a special version of him just in time for the Full Beaver Moon!

https://www.brachs.com/products/halloween/turkey-dinner-candy-corn.html

mmmm! corn

[Torque]

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

You can't be serious? The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365.

So not a chance in hell. Plus the internet was *designed* to be decentralized and disaster proof.

[HI-TEC99]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways away for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

The chance of btc staying in the 10k to 11k range from now to 2024 is under 5%.

Wait until the banks start going bankrupt again. I doubt Bitcoin will stay range bound then, and the banks must already be struggling.

[Cryptotourist]

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

Excuse me, that's the second time I read such statement coming from you.
What? No bull market this cycle? How the fuck does that work?
Please don't tell me, "elections, COV" or anything else like that for that matter. Volume will come and will go, and is always going to shrink in the long run.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

How about trying: the single asset that has outperformed - in orders of magnitude - any other asset known in the planet.
Nevertheless, got that right, badger does not care.