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

[bkbirge]

Just saw this today, a fun read. Something you can point the bears to when they inevitably start whining about tulips during the upcoming bull run...
https://getpocket.com/explore/item/there-never-was-a-real-tulip-fever

In fact, “There weren’t that many people involved and the economic repercussions were pretty minor,” Goldgar says. “I couldn’t find anybody that went bankrupt. If there had been really a wholesale destruction of the economy as the myth suggests, that would’ve been a much harder thing to face.”

[1715543860]

1715543860

[1715543860]

1715543860

[cAPSLOCK]

Voted.

Yah me too. I was a bit bearish.



how bout you if it's ok to ask?

Me too.

well sheeeeeit






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charts

#dyor

1h


4h

#stronghands

[bitcoinPsycho]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..

$3.63   thats pure shameless extortion

[JayJuanGee]

Sheeeeit

 Dammit Bob!  I was having a pretty good day until you had to go and say that.   

Was my thought too.. saw his post and didn't even have to look at the price.  When I finally did it was not as bad as I had feared... also this:


Just a little perspective.

I am having some difficulties being pessimistic about BTC price movements in recent months. 

More specifically, on a personal level, in nearly the past two months (since September 3), I have only had one BTC buy order execute, and I have had around 10 BTC sell orders execute... which means that the BTC price has mostly been going nonstop UPpity during that time. 

Sure, Bitcoin prices do not tend to go straight up, except during extremely bullish periods.. yet from looking at my own books, we seem to largely be experiencing a decent amount of largely straight UPpity BTC price actions with hardly any meaningful and/or significant price corrections along the way...

I am surely ONLY making an observation, and I am NOT complaining because as many of the regular folks in this here WO thread likely realize I set my BTC orders in such a way that causes me to hardly give any shits about which direction BTC prices head in the shorter term (months or a few years), so long as they largely go UPpity in the longer term (like 4-8 years or even more)... which seems to be what has been happening with our lillie fiend, aka dee bitcoins...

Even looking at the shorter term, we seem to be experiencing ongoing bullish as fuck BTC price actions, so I hardly see any reason to be concerned about if we might hav some we lil blip along the way, here and there, which surely should be reasonably expected to happen, from time to time in bitcoinlandia.

Even if we were to experience some kind of BIG ass correction (and test) down to $10k-ish..., that does not seem unreasonable and sometimes happens in bitcoinlandia... not sure if we can write off 4 digits forever, but surly NOT out of the question that we might be getting close to being able to engage in such writing off of 4 digits, too.. ... hahahahahahaa   

I, personally, am interested to see what happens when we get close to testing our quasi-local top (from late June 2019) of $13,880... we going to get above such price range?  or hang out in that area or lower for some amount of time?

[LFC_Bitcoin]

Could $13,000 begin to act as a new support? We’ve dipped below several times now (all the way to $12,8xx) but bounced back over $13,000 every time.

Bears are failing to get control atm, I’m just wondering if the next fairly significant move will definitely be up? It’s beginning to look that way.

I’m calling a new high (since it was $13,8xx last July) by the end of the month. $14,000 before November

[Febo]

Covid-19 is rising on a rapid scale in Europe, hospitalizations and ICU's are almost ore at max capacity in some countries. Europe is on the verge of losing control of its fight against Covid-19 and will slowly moving into lockdown (light) 2.0.

Yup Europe was hit hard by second wave. Czech Republic, Belgium, Netherlands, Slovenia in the lead. It is funny Slovenia had very little infected in the first wave and during summer had almost no cases. Luckily we have only state owned lazy public service healthcare that have gazillion reserves. So now when they will have to do it with max efficiency, they will be suddenly 10 times more efficient

[bitebits]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Now you are just showing off, 600 

[600watt]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Now you are just showing off, 600 

found it on reddit. the usual exchange trick I guess. 80k btc is unfathomable..

[Hueristic]

About mindrust, on a serious note, I just can't understand why he did what he did. I would expect such panic selling from a newbie, someone who doesn't know much about Bitcoin, like my mum & dad maybe. But the picture I had of mindrust, was of a seasoned, experienced player. And sell 10 BTC @ under $4000 a piece to get what? $40k? Does that justify losing the chance of a lifetime?

[ --- insert Capt. Picard facepalm meme here --- ]

He was (is?) a true Masterluc disciple, that should explain it all.

[bitebits]

https://twitter.com/denizmsaat/status/1320755173065658369

[ivomm]

It seems that JP Morgan's leaked document is authentic. It was posted only on twitter by Dan Tapiero as an image (I know someone shared it here, but I repost it for convenience):



https://twitter.com/DTAPCAP/status/1319703750450302980

After that he posted another one:



https://twitter.com/DTAPCAP/status/1320429184993427459/photo/1

---------

Who would have thought that one of the biggest sources of Bitcoin FUD and mockery would make such a sharp U-turn? It is as if I'm reading some post from one of our WO hodler members.   If JP MOrgan predicts incoming 100K price target as a minimum top for the next cycle, what can now say the pathetic trolls who pretend to have some knowledge about science and math?

The implications will resonate worldwide. The banks can't pretend to ignore Bitcoin anymore. They will have to study more seriously both the technology and the free market and start facilitating Bitcoin's use by their clients. Like what is doing Bitwala for some time. And as a part of this process the symbolic Bitcoin ETF should be expected provided some big company like Grayscale makes a good proposition. No wonder the inflows to the exchanges in the last days are so low, despite the highest price in 1-2 years! Big expectations create a self-fulfilling prophecy. What can I say? Be careful with the pizzas! 0.1BTC spent for something that is not so necessary now, will be be worth > $10K very soon!   Remember Laszlo... and mindrust!

[Biodom]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Now you are just showing off, 600  

found it on reddit. the usual exchange trick I guess. 80k btc is unfathomable..

it's just numbers... I can easily understand 80btc, 80K is just 1000 times more.
Like a weight of a big size human vs a smaller (young) guinea pig. I can dig that.
At some point i was doing mental calculations of various objects and/or timelines comparison.
My favorite is this:

You know that little silent flies flying around oranges and apples (they are called fruit flies-one of the favorites in genetic research).

One day, while shopping at a grocery store and seeing those flies and pondering about life I made a calculation that the proportion between that fly body weight and a male body weight of, say, 75kg, is almost exactly the same as a proportion between the 40 year person lifespan (maybe I was 40 then, the history is silent) and the age of the Universe (13.6 bil years) is roughly the same (almost an exact match). Since the fly is a clearly visible macroscopic creature, maybe our lives also have some meaning even in comparison with the lifespan of the Universe.

We are visible even in such time-frames.

for those who want to confirm my calculations:
fruit fly weight is 0.22mg (2.2X10^-4g); universe age 13.6X10^9 years

[Icygreen]

https://blockchair.com/bitcoin/block/654321

74,400BTC = almost 1 billion
new positions I hope

[savetherainforest]

I too hate frogs   and racists.

Heyyyyy!!!!!..... Don't disrespect my cap froggy!!!


Edit: Or else I will get out my 'Roachazaurus' pokeball and release it on you!!!

[JSRAW]

About mindrust, on a serious note, I just can't understand why he did what he did. I would expect such panic selling from a newbie, someone who doesn't know much about Bitcoin, like my mum & dad maybe. But the picture I had of mindrust, was of a seasoned, experienced player. And sell 10 BTC @ under $4000 a piece to get what? $40k? Does that justify losing the chance of a lifetime?

[ --- insert Capt. Picard facepalm meme here --- ]

Fair amount of wo'ers were buying during that crash or posting memes but mindrust was trying to time the bottom with the help of Masterluc. 

[savetherainforest]

Voted.

Yah me too. I was a bit bearish.



how bout you if it's ok to ask?

Sadly I wasn't bullish enough... I said 12.500 < > 13.000   ... But I could have been close!

[tranthidung]

I came back to WO today (with post, not simply read). Enjoy WO gang!  

What do you think of these charts?

• How about the impacts of unemployment rates on price of Bitcoin and gold?
• How about the impacts of pandemic on unemployment rates (in USA)?

Please make your own data interpretation with your trust on validity of those secondary data (data collection methodology, data cleaning and data analysing, etc.)

There are delayed (lag) effects on the pandemic and the unemployment rates. When the unemployment rates skyrocketted, bitcoin already rallied in V-shape. The announcement of the pandemic was made by WHO on 12 March 2020.

• BTC: daily close price
• Gold: daily close price
• USA. Unemployment rates: monthly data

Sources
https://coinmarketcap.com/currencies/bitcoin/
https://www.gold.org/goldhub
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm#
https://www.euro.who.int/en/health-topics/health-emergencies/coronavirus-covid-19/news/news/2020/3/who-announces-covid-19-outbreak-a-pandemic

[ErisDiscordia]

It seems that JP Morgan's leaked document is authentic. It was posted only on twitter by Dan Tapiero as an image (I know someone shared it here, but I repost it for convenience):



https://twitter.com/DTAPCAP/status/1319703750450302980

It's cute how they assume millennials will "become over time a more important component in the investors' universe" as if they don't own just 4% of US wealth (down from over 20% the boomers owned when they were as old as Millennials are now). I guess it's easy to grow from (near) zero.

But they're right about one thing: if Millennials somehow manage to scrape by enough cash to invest a few pennies, they won't be investing it in JPM stocks

[AlcoHoDL]

About mindrust, on a serious note, I just can't understand why he did what he did. I would expect such panic selling from a newbie, someone who doesn't know much about Bitcoin, like my mum & dad maybe. But the picture I had of mindrust, was of a seasoned, experienced player. And sell 10 BTC @ under $4000 a piece to get what? $40k? Does that justify losing the chance of a lifetime?

[ --- insert Capt. Picard facepalm meme here --- ]

He was (is?) a true Masterluc disciple, that should explain it all.

Fair amount of wo'ers were buying during that crash or posting memes but mindrust was trying to time the bottom with the help of Masterluc. 

Yeah, I forgot about Masterluc... It's sad really... Instead of reading the White Paper and understanding the tech and its implications, one blindly follows a fortune teller with a crystal ball telling him what to do.

BTW, what a nice-looking 5-minute chart! Smooth, gradual, healthy growth.

HoDL.

[nutildah]

Instead of being called Masterluc from now on, he should change his name to "Just Luc."