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

[El duderino_]

[El duderino_]

Jeff Bridges diagnosed with lymphoma 

Read it too ..... I’m getting depressed by sh*t like that

[El duderino_]

https://www.forbes.com/sites/billybambrough/2020/10/19/bitcoin-is-braced-for-a-bombshell-from-fed-chairman-jerome-powell/

[Last of the V8s]

https://www.forbes.com/sites/billybambrough/2020/10/19/bitcoin-is-braced-for-a-bombshell-from-fed-chairman-jerome-powell/

yep here's the speech, dull though it is

https://www.youtube.com/watch?v=g-jegM5q-yo&feature=youtu.be&t=535

LIVE: Fed Chair Jerome Powell speaks to the IMF on digital currencies [CBDC's]

Brr man speaks

and here's our pal Pal's pre-emptive shill/response, dull but outlines the cbdc thing pretty well
https://youtu.be/qL2LfVRl3J0 The Bitcoin Life Raft: The End of Monetary & Fiscal Policy As We Know It (w/ Raoul Pal)

Real Vision CEO, Raoul Pal, breaks down the events leading to the recent tidal wave of interest in Central Bank Digital Currencies. He touches on the various crises that have encouraged the rampant printing by central banks and the destructive consequences this has left in its wake. Touting Bitcoin as the unkillable “cockroach of finance” and the life raft for this transitional period in history, Raoul sees CBDCs as the killer of stable coins and the start of a new era in the world of monetary and fiscal policy - the first major steps of technology eating the traditional finance world. Pal says that all of the macro signals are pointing towards a major shift in how the system is run. He cites the allowance of banking custody for crypto assets by regulators, major corporate treasuries investing in Bitcoin, and new types of banks, such as Kraken, all as pivotal events in the coming shift to a digital asset world. Filmed on October 18, 2020.

[Last of the V8s]

me - bitcoin

them - omg omg omg bitcoin? but that uses up all the planet's scarce resources, i literally can't breathe because of your funny internet game tokens

me - https://bitcoinmagazine.com/articles/introducing-cbpi-a-new-way-to-measure-bitcoin-network-electrical-consumption

them - that's a lot of words, I have sandalwood chopping boards to craft and you want to literally starve me to death

me - tl;dr:


them - yeah i don't know much about science, but i know what i like

me - (barely resisting the urge to literally stop them breathing) have fun staying poor

[Last of the V8s]

from https://twitter.com/propelforward/status/1318340321701396481

a #thread on the #FinCEN $60mm civil money penalty assesed against #harmon related to #Helix #crypto tumbler as a service that was used to launder #bitcoin for much of the dark web. Buckle up. Allegations is ugly. 1/x

[Millionero]

WHAT IS THIS ?!

A PUMP FOR ANTS ?!???

Not so much a green dildo, as a mint butt plug.

But hey... us ants appreciate it.

I'm feeling a tingling down there... must be the mint.

[aesma]

10000€ yesterday.

I decided to stop my experiment "trading" BTC, after 6 months. It worked about as intended, if the price goes back to what it was in April, I will have grown the starting capital both in BTC and EUR, but my hodler self is taking over so I don't want to sell anymore BTC. I have cancelled all my sell orders and only kept my buy orders. I have a decent EUR stash to buy BTC when/if it goes down again. Next time I do some trading I will probably start with EUR only, with the goal to only grow the EUR stash (and spend the gains buying BTC, for example).

Overall I think I sold less BTC than I would have otherwise, because pumps always made my heart pump, while with this strategy ups and downs led to excitement, but I've had enough excitement for a while. And I believe more and more, with what's happening with central banks, that BTC is destined to go to 6 digits in a few years at most.

[NeuroticFish]

A PUMP FOR ANTS ?!???

Ant or not, I have to confess I do feel better when I see the price at over 10k EUR.

10000€ yesterday.

It was there today too for a short while.

[Karartma1]

me - bitcoin

them - omg omg omg bitcoin? but that uses up all the planet's scarce resources, i literally can't breathe because of your funny internet game tokens

me - https://bitcoinmagazine.com/articles/introducing-cbpi-a-new-way-to-measure-bitcoin-network-electrical-consumption

them - that's a lot of words, I have sandalwood chopping boards to craft and you want to literally starve me to death

me - tl;dr:


them - yeah i don't know much about science, but i know what i like

me - (barely resisting the urge to literally stop them breathing) have fun staying poor

My pick: let's get rid of X-mas lights! Let's buy fireworks instead.

[soullyG]

First successful multi-Raptor engine test fire of Starship prototype! To the moon! (and Mars)

https://youtu.be/Bc4_iu7U3ic?t=8830

[bitcoinPsycho]

Soon

[El duderino_]

Craving for 14 k today

[600watt]

looking good.

rocket.gif

[PoolMinor]

Craving for 14 k today

https://www.frostnyc.com/products/solid-miami-cuban-link-chain-14k-yellow-gold

[600watt]

as always: there is a pump and it gets dumped the shit out of it. who in his right mind is playing with this Uber-fire? e v e r y metric regarding bitcoin is bullish. what is the gain if I burn $2mio to dump the price back where it was 1 hour ago, when in general price is going upwards for 10 years?

since this is a speculation subform there ought to be traders here. what strategy do traders follow when they market dump bitcoins that are worth millions? I don't get it.

[soullyG]

Pretty sure it's caused by margin traders getting called and liquidated, which then carries over to the other exchanges by arbitrage bots

[PoolMinor]

as always: there is a pump and it gets dumped the shit out of it. who in his right mind is playing with this Uber-fire? e v e r y metric regarding bitcoin is bullish. what is the gain if I burn $2mio to dump the price back where it was 1 hour ago, when in general price is going upwards for 10 years?

since this is a speculation subforum there ought to be traders here. what strategy do traders follow when they market dump bitcoins that are worth millions? I don't get it.

In the near past we used to call this the shaking out of weak hands.

Edit:
In other words, call their bluff and buy like a MOFO - with FOMO.

[AlcoHoDL]

Observing the charts:



We all know how it ends...

HoDL.

[somac.]

BTC dominance back over 60%.