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

[bitebits]

Hey!

And a just released desktop tool for wall watchers, Kraken owned: https://cryptowat.ch/apps/desktop

[JayJuanGee]

Craving for 14 k today

I will settle for over $12,000 by the time I wake up tomorrow, it’s time for an AYH!

Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC
The Bitcoin trading dominance has hit a three-year high for the first time since BTC hit its all-time high price of almost $20,000.

source: https://cointelegraph.com/news/bitcoin-trading-dominance-hits-2017-levels-not-seen-since-20-000-btc


well $15k, $18k and $20k break out most of hits $20k 2017-levels nearly. not sure but likely true one day happy year 2020
 break out $20k.

Of course, it is interesting to look at coin market cap for shits adn giggles from time to time, but it is not a very meaningful measurement in terms of trying to figure out whether bitcoin is valuable or the extent to which bitcoin is valuable.. so some people get deceived by their looking at the shadows on the wall of the coinmarket cap cave and  into failing to buy bitcoin a meaningful amount of bitcoin, waiting to buy bitcoin or selling too many bitcoins too soon because they use coinmarket cap as if it were some kind of meaningful indicator of bitcoin value compared to more than 7k shitcoins.

The Great decoupling^TM
(Gold, S&P 500, Bitcoin and eth, 12 Oct - 20 Oct)

I must have missed that....  

especially since king daddy was never coupled...  


go figure?



 




 

Edit:  I realize that the above chart compares bitcoin to gold and equities and also included ETH in there, too...   My above comment was mostly aimed at the gold and equities correlation nonsense which has largely been whimsically spouted out since about March of this year - and of course, having parallels short-term spouting events in various parts of bitcoin's history, too.. especially if bitcoin might be in a short-period of consolidation.. and/or rebalancing...   

Ethereum, on the other hand, is a wee bit of a different story, as an asset class.. because largely ethereum and other shitcoins have been a lot more correlated to bitcoin, and any possibility of their success largely depends upon bitcoin providing them cover.  So the analysis of the correlation, or lack thereof, of ethereum and other shitcoins to bitcoin is somewhat different from such analysis of those more mature assets of gold and stocks.

[nutildah]

[Karartma1]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

[El duderino_]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

Let me have this for a start.... In a completely empty COVID-mall

[OutOfMemory]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

Let me have this for a start.... In a completely empty COVID-mall

the more beautiful side(s) of a pandemic 

[blue Snow]

12k+

[Karartma1]

https://www.youtube.com/watch?v=DB-k5r1XjWI

Now tell me you disagree about having this as a start!

Let me have this for a start.... In a completely empty COVID-mall

Yeah, well, you know, that's just, like, your opinion, man.
Enjoy 

[aesma]

It could be wales. Imagine you have 10000 BTC and millions of dollars in the bank. Why not play with 1000 BTC, pump and profit, dump and profit again ? At worse you might lose a bit, at best you might earn a lot and increase your stashes.

That old conspiracy theory about the Welsh...  I have always though there was a grain of truth in it.

You had good fun with that one. I don't sleep enough these days, and it's not even because of BTC.

^ That is how stubborn hodlers are born, and nocoiners.

Example of a hodler vs. a trader and now nocoiner:
https://twitter.com/swanbitcoin/status/1318585144052207630

Wanting to buy at a good price is laudable, however the problem is going all in/all out, that's a crazy risk. The guy is rich already though so it doesn't really matter. If he owns stuff that will keep some value I mean.

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.

I am glad that you have assessed that you have learned from this process and that you believe engaging in such process has likely caused you to sell less BTC overall than what you would have without such strategy.

Still sounds that you structured such overall strategy in a way that was overly emphasizing betting on down and also in that regard selling too much, too soon BTC on the way up..

But, hey, if in the end you learned from the whole process, that is good, and perhaps you might be able to employ again in the future and/or tweak some more in order to make such process even more valuable to your own particular situation.

If the price never goes down from here then it would have been a "mistake", but not too costly. I'm still well in the price range I had set up, but I realize now that when the price is low, we find that twice or thrice that price would be great already. When we're two thirds of the way to that doubled price, things look different.

I could buy back at current price and "take the loss" but then I might also regret having done that, so I will let things play out, if the price never goes down I will find a use for the cash.

[P_Shep]

[Arriemoller]

People: Yay, that will teach Google to not be such bad meanies.
Also people: Why did the government drop the anti trust lawsuit on Google so quickly?
Also people: Why does my computer suddenly slow down a lot when I go onto any web page with Google ads?
Also people: I never noticed that light next to my camera before.

Google has been seriously pissing me off the last few years feeding me garbage and making it nigh impossible to find what I'm actually searching for.

We will not stand for this aggression!

Me too, it's come to a point where it's useless for some searches, that's one of the main reasons I started using the Duck.
Unfortunately there's not many alternatives any more, it's not like it was 20 years ago.

[nutildah]

20k by Christmas.

The Bargain Boys are currently taking a blissful walk down memory lane, thinking about all the sweet bargs they swept up between $5k and $9k this year.

[lifeOK]

20k by Christmas.

Does that mean fees will go up as the value goes up?

[serveria.com]

Absolutely last chance for nocoiners to stock up before tge launch!    Time to go all in!

[serveria.com]

20k by Christmas.

Does that mean fees will go up as the value goes up?

Most probably yes

[psycodad]

Google at this point is where Altavista was when Google came on the scene. People used Google because it had a simple page, was quick, and not choked with crap.

All this has happened before, all this will happen again.

AltaVista never had near the money at that time that Google has now. They won't be as easy to buy out, especially not by Yahoo 

I have started to use https://asciimoo.github.io/searx/ some time ago, it's a very nice meta-search engine that can easily run from an old RPi.
While it is not perfect, it keeps you from being tracked by the "don't do evil" lunatics.

[rdbase]

12k+

Today we dance

This cat doesn't look to bounce today my friend!

Absolutely last chance for nocoiners to stock up before the launch!    Time to go all in!

To the moon and get your boots packed we are observing $12,230!

[aesma]

20k by Christmas.

Does that mean fees will go up as the value goes up?

Do you mean fees in fiat or fees in BTC ? I expect fees in BTC to lower. But you never now. Fees go down dramatically when the price stabilizes for a few days/weeks. I just sent a tip to someone and put 1 sat/byte, we'll see how it goes.

[fillippone]

BUM!

PayPal to allow cryptocurrency buying, selling and shopping on its network

Story link soon

https://twitter.com/annairrera/status/1318877596499824642?s=20

EDIT
Story as reported by Reuters:



Developing story:

PayPal to allow cryptocurrency buying, selling and shopping on its network

Apparently it is US only, for the moment.

My thread with full updates:
   
PayPal to allow cryptocurrency buying, selling and shopping on its network

[cAPSLOCK]

REUTERS REUTERS REUTERS

https://www.reuters.com/article/paypal-cryptocurrency-idUSL1N2HB14U

PAYPAL PAYPAL PAYPAL

HOLY FUCK 

Strap in.