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

[Indymoney]

In the meantime, the BitMEX platform is operating entirely as normal and all funds are safe. To allay any potential customer concerns, pending withdrawal requests were processed at 17:45 UTC, in line with our standard procedures. We will process another off-cycle withdrawal at 08:00 UTC, 02 Oct 2020, and then 13:00 UTC, as usual.

All funds are safu

Its a good news as many was too much concerned about their funds.

[LFC_Bitcoin]

@Jopendus
Here's an interesting comparison. silk road arrests/seizure, BTC-E arrests/seizure, and this moment with #Bitmex whatever that amounts to. All 3 moments are alike. 
https://twitter.com/jopendus/status/1311766192084975616?s=21










Meme quote - Jihan Wu

[El duderino_]

Will there still be a $100k party?

Just curious

Or a HAT party.... but there will be something

[600watt]

sry for off topic but I just had a neuron pop in my brain and the idea is to create an ERC20 shitcoin and get it listed on cmc. we gonna name the coin theDIP. and holy fuck we will get all this free advertisement from bitcoiners all over the world!

BUY THE DIP!  

dear comrades.

fighting this uphill battle for years against shitcoinery is a toxic and brutal sport. that is why I thought I put a little joke in. a few hours later it suddenly dawned on me. I hadn't even bother to check...   and comrades... look at that:

What is DIP Token?
DIP Tokens act as the native internal currency that is inseparable from the protocol and network of its users. DIP tokens are needed to earn transaction fees (% of insurance premiums or fixed cost), incentivize and reward platform users to bring risk to the network, build and maintain risk transfer products. The total supply of Etherisc Tokens is 1 Billion

T H I S is some high end shitcoinery

https://etherisc.com/faq

there is even another one:  DIP

Dipper Network为促进基础金融协议的发展，采用挖矿模式：借贷即挖矿、交易即挖矿、合成即挖矿等，用户在协议中产生有相应的行为，将获得平台的长期和不定期机制的TOKEN激励。

https://dippernetwork.com

reality is stranger than fiction...

[nullius]

Meme quote - Jihan Wu

Outdated, obsolete language.  Don’t you know that this isn’t the horse-and-buggy days?  Language evolves.

There is now a much worse “four-letter word”.

2016, with obsolete language:

2018, after Faketoshi stuck a fork in his back, Jihan changes his tune and upgrades his F-bombs:

[criptix]

Btw i didnt see anyone talking about it here yet, but:

BTC ETF in 2021 confirmed?

Regulators killing all the bucket shops where whales are manipulating the BTC price to pave the way for ETFs.

Which in this time and day might actually lead to CBs holding BTC (i.e. japanese CB buying ETFs in the past, FED etf buying this year)

[sirazimuth]

Any Nostradamus type characters in here wanna make a prediction for harvest day next year?





 

[Hueristic]

https://www.youtube.com/watch?v=un9x-DjTMT0

[vapourminer]

Any Nostradamus type characters in here wanna make a prediction for harvest day next year?





 

is that the same as, like, guessing how many joints in a lid?

[nullius]

Btw i didnt see anyone talking about it here yet, but:

BTC ETF in 2021 confirmed?

Regulators killing all the bucket shops where whales are manipulating the BTC price to pave the way for ETFs.

Which in this time and day might actually lead to CBs holding BTC (i.e. japanese CB buying ETFs in the past, FED etf buying this year)

Interesting idea.  Though it’s pretty shot-in-the-dark speculation; and I don’t think that the past day’s events “confirm” anything, except that a government deeply dependent on the dollar is on another one of its insane rampages.

I also am not a fan of the ETF idea (same as I was never overly fond of CME futures, etc.), though of course, there is nothing that I can do to stop it.

Which in this time and day might actually lead to CBs holding BTC (i.e. japanese CB buying ETFs in the past, FED etf buying this year)

I don’t think that central banks will ever invest in Bitcoin, in the sense of viewing it as a valuable asset (like gold) that they want to have for that reason.  Bitcoin is their competitor, in its fundamentals.  They are too strategically-minded to attack it outright; and they will try to exploit it as they can.  But if they can avoid doing so, they will never accept Bitcoin as some sort of key to the international financial system.  (“...if they can avoid...” whereas they have more power than their governments.)

So, has the Fed been buying ETFs this year?  —As anything other than their recent habit of being a “buyer of last resort” to prevent the stock market scam from imploding too quickly, which also has the benefit of draining non-imaginary capital out of the markets and giving some of those inflationary new dollars somewhere to go on paper without crashing?  Killing two three birds with one stone, that.

cryptos are a financial derivative?

I would imagine there are some big money interest behind this move...  someone else wants Hayes' action.

Interesting day.  “Interesting times.”

US Treasury Secretary Mnuchin: We Have Reached Agreement On Direct Payments To Americans
https://twitter.com/LiveSquawk/status/1311445259906318342

[JayJuanGee]

Any Nostradamus type characters in here wanna make a prediction for harvest day next year?





 

A bit far into the future.

I hate to be a fuddy duddy, but I will make a relatively conservative BTC price prediction for that date that is somewhat in my ongoing practices to keep my expectations somewhat low....  

On that same note, in recent times, I have decided to move up upon my earlier bitcoin investment thesis, which was to anticipate and plan around a 5.5% per year price increase, and I have decided to tentatively move that BTC price appreciation expectation up to 12% per year.  This is NO small deal, and perhaps many people are going to conclude that I am too pie in the sky.. so maybe that is why I used the word, "tentatively."

Of course, historically, those of us in bitcoin for a while have experienced that some years have been better than others, but if we average out Bitcoin's overall performance, we have gotten pleasantly surprised by its ongoing outperformance of all other asset classes... at least asset classes that are used for storage of value... and perhaps no asset classes can proclaim to be nearly as liquid as bitcoin... even though some of bitcoin's liquidity is being threatened with the Bitmex situation.

I am thinking that I can conservatively estimate that from here on out I can expect an average return on my BTC of at least 12% per year (upped from 5.5%), and I am going to reframe my future cashflow plans around such revised bitcoin price appreciation thesis.

Accordingly, a conservative BTC price indicator is the 200 Weekly moving average which is currently at nearly $6,800.

Therefore, I will expressed a combined guess for September 30, 2021 that:

1) BTC's 200-Week moving average will be at least $7,616 ($6,800 + 12%) -

and

2) BTC's street price will be at least  $12,008 ($10,721 + 12%) .

I know.. seems easy to meet these expectations, but I really feel uncomfortable with underperformance or not meeting expectations, so I would prefer to meet or exceed expectations rather than NOT.

Again... even though there is some conservativism, here,... at least on a somewhat brighter note,  I have decided to move my average per year BTC price appreciation expectations up from 5.5% to 12% - which likely has some amount of bullishness contained therein, even if today we had been hearing about somewhat debby-downer Bitmex newses.

[Biodom]

he he

Now, that planB scheme is being widely criticized as unrealistic or even unscientific, the crowd will tend to become much less wild in anticipation...and then btc would outperform.
If everybody are sitting counting their imaginary funds at $100K or above by Dec 2021, it would NOT do it.

[JayJuanGee]

he he

Now, that planB scheme is being widely criticized as unrealistic or even unscientific, the crowd will tend to become much less wild in anticipation...and then btc would outperform.
If everybody are sitting counting their imaginary funds at $100K or above by Dec 2021, it would NOT do it.

You are not referring to my "conservative" prediction, I hope, and trying to suggest that I am waffling or becoming more conservative because of fear in regard to some short-term bad newses?

In spite of the short term bad newses (ie bitmex situation), my overall framework has actually become more bullish (at least I have been thinking about this for about week or two), as I attempted to outline in the post to say that I have tentatively moved my BTC price appreciation expectations from 5.5% to 12%.

By the way, I did think about you too, Biodom because increasing BTC price appreciation expectations from 5.5% to 12% .. also has significant, meaningful and material impacts upon things like retirement and various underlying presumptions of passive income and thresholds for reaching fuck you status...

Increasing BTC price appreciation expectations from 5.5% to 12% will significantly bring down the capital requirements for reaching fuck you status..... but surely, if some aggressive withdrawal abilities are expected, then maybe there would be some needs for maintaining a greater cushion, too?

So instead of having a withdrawal rate of 4% per year, the withdrawal rate could be moved up to something like 8% per year.

You did not even like my reliance on a 4% per year in order to maintain passive income status, so surely, you will be more bothered by a doubling to an 8% per year withdrawal rate... and so I will concede that even for me, it is feeling a bit aggressive.. and I am going to play with it for a bit of time to see if I can make it work... it is a kind of bitcoin exception.. that may not end up playing out, empirically.. I will play with it for a while in any upcoming hypothetical...

Good news for uie pooie the persistent party poop is that if you used to need $6 million of capital to maintain your passive income expectations (based on a 4% withdrawal rate), you could figure out ways to reduce that down to a $3 million principle based on an 8% withdrawal rate and still find it workable to achieve your income expectations..

hahahahaha

I don't expect you to go down into accepting these concepts (including a possible doubling of your withdrawal rate) without a fight.  

Oh yeah... also, in regards to 1) Plan B's stock to flow, 2) 4-year fractal and 3) s-curve exponential adoption based on metcalfe and networking principles, those ideas are still in the background and likely pushing BTC UPpity on an ongoing basis and they persist to cause bullish ideations, but I would not believe it prudent to structure base finances around them in any kind of meaning and substantial way - though good, for sure, to have a plan in case that outrageous shit were to end up happening.. and really, the models do not really cause them to be lessening in likelihood, even if there might be some short-terms feelings of set back and even if we were to get some kind of correction down to BTC's 200 week moving average (of $6,800) or something seemingly outrageous like that.

[Amel]

he he

Now, that planB scheme is being widely criticized as unrealistic or even unscientific, the crowd will tend to become much less wild in anticipation...and then btc would outperform.
If everybody are sitting counting their imaginary funds at $100K or above by Dec 2021, it would NOT do it.

You are not referring to my "conservative" prediction, I hope, and trying to suggest that I am waffling or becoming more conservative because of fear in regard to some short-term bad newses?

In spite of the short term bad newses (ie bitmex situation), my overall framework has actually become more bullish (at least I have been thinking about this for about week or two), as I attempted to outline in the post to say that I have tentatively moved my BTC price appreciation expectations from 5.5% to 12%.

By the way, I did think about you too, Biodom because increasing BTC price appreciation expectations from 5.5% to 12% .. also has significant, meaningful and material impacts upon things like retirement and various underlying presumptions of passive income and thresholds for reaching fuck you status...

Increasing BTC price appreciation expectations from 5.5% to 12% will significantly bring down the capital requirements for reaching fuck you status..... but surely, if some aggressive withdrawal abilities are expected, then maybe there would be some needs for maintaining a greater cushion, too?

So instead of having a withdrawal rate of 4% per year, the withdrawal rate could be moved up to something like 8% per year.

You did not even like my reliance on a 4% per year in order to maintain passive income status, so surely, you will be more bothered by a doubling to an 8% per year withdrawal rate... and so I will concede that even for me, it is feeling a bit aggressive.. and I am going to play with it for a bit of time to see if I can make it work... it is a kind of bitcoin exception.. that may not end up playing out, empirically.. I will play with it for a while in any upcoming hypothetical...

Good news for uie pooie the persistent party poop is that if you used to need $6 million of capital to maintain your passive income expectations (based on a 4% withdrawal rate), you could figure out ways to reduce that down to a $3 million principle based on an 8% withdrawal rate and still find it workable to achieve your income expectations..

hahahahaha

I don't expect you to go down into accepting these concepts (including a possible doubling of your withdrawal rate) without a fight.  

Oh yeah... also, in regards to 1) Plan B's stock to flow, 2) 4-year fractal and 3) s-curve exponential adoption based on metcalfe and networking principles, those ideas are still in the background and likely pushing BTC UPpity on an ongoing basis and they persist to cause bullish ideations, but I would not believe it prudent to structure base finances around them in any kind of meaning and substantial way - though good, for sure, to have a plan in case that outrageous shit were to end up happening.. and really, the models do not really cause them to be lessening in likelihood, even if there might be some short-terms feelings of set back and even if we were to get some kind of correction down to BTC's 200 week moving average (of $6,800) or something seemingly outrageous like that.

Top 3 Coins Price Prediction Bitcoin, Ethereum and Ripple: BTC upside topped at $11,600

BTC is perched on head of a powerful flexibly divider, so drawback potential is restricted. On the upside, the bulls have the space to move the cost up to $11,600, before it meets a solid opposition level. According to Sentiment, there is an enormous spike in the age expended metric on sixteenth September. Normally, a spike brings about an unexpected value development (could be either sure or negative). In any case, passing by the IOMAP, we can figure that the development will be positive.




Throughout the most recent 10 days, there has been a sharp drop in on-chain advancement action. This is generally a bearish sign. In any case, Bitcoin isn't as reliant on-chain action as Ethereum.

[fillippone]

Hyge!

Trump Says He and Flotus Tested Positive for Covid-19

Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!
 

https://twitter.com/realdonaldtrump/status/1311892190680014849?s=21

Another reason why Melania is regretting not social distancing from Donald...
How can be more presidential debate then?


Edit:
It also might be part of a strategy. Getting COVID and “surviving it” could reinforce his rhetoric about it.
Also it would strengthen his image. In Italy Silvio Berlusconi got COVID too. He told that “medics told me I got one of the highest viral count in Italy”. Yes, of course, he is well now, he’s my hero (/sarcasm).
 

[Paashaas]

Now, that planB scheme is being widely criticized as unrealistic or even unscientific

That's a little bit exaggerated, you can say the same that all models are wrong it works until they dont. Great material for observation and speculation, it works pretty well for PlanB so far atleast in this bullrun.

Trump Says He and Flotus Tested Positive for Covid-19

[Lambie Slayer]

RIP Donald. He will soon have the sniffles and be dead in 4 hours, if only the US military had stocked up on more Kleenex 

[Lambie Slayer]

Buy the POTUS sniffles dip. 

[AlcoHoDL]

COVID-19 has now become a fashion symbol, and {P,FL}OTUS just follows the trend. Should boost their popularity. LOL!

[Last of the V8s]

So Trump is ded,
Arthur is feisty
Azeri troops are hot
that boomer is in
and 2 stale blocks all in one day.
Still a few hours for ... stuff. Perhaps the price will actually do something. Nah sorry just a wild dream.