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

[OutOfMemory]

Protip:  If you want to ignore-list me, STFU and do it.  Otherwise, it will much amuse me to ridicule you.  Big talkers.

Let me finally thank you, for fast forwarding the process to meet my decision.

EDIT: just crossed $16k on stamp, for the record.

[explorer]

And Kraken 16k again.  Don't know what to think for the immediate term.  Sideways?

[V8s Road Warrior]

thanks Phil, edited
meanwhile

[philipma1957]

And Kraken 16k again.  Don't know what to think, for the immediate term.  Sideways?

we have not reach the miners profit high of 13k back in july 2019

if we did after adjustments we would need to be over 25k maybe 30k.

We promptly crashed back down in aug 2019 and hit a low of 3900 in feb of 2020.


basically I don't see a  correction short term until we get closer to 25-30k

[explorer]

[snip]

Q: How does something start as unregistered security, turn into commodity and end up as "money" while still being centralized shitcoin with arbitrary rule changes, deceptive marketing and scammy promises of impossible future that is somehow always just around the corner?
A: Magic

Succinct.

[explorer]

And Kraken 16k again.  Don't know what to think, for the immediate term.  Sideways?

we have not reach the miners profit high of 13k back in july 2019

if we did after adjustments we would need to be over 25k maybe 30k.

We promptly crashed back down in aug 2019 and hit a low of 3900 in feb of 2020.


basically I don't see a  correction short term until we get closer to 25-30k

Sounds good.  Let's go.

[LFC_Bitcoin]

Loading........





FOMO
or fo·mo


[ foh-moh ]
noun Slang.
a feeling of anxiety or insecurity over the possibility of missing out on something, as an event or an opportunity
https://www.dictionary.com/browse/fomo

BTC

[Biodom]

And Kraken 16k again.  Don't know what to think, for the immediate term.  Sideways?

we have not reach the miners profit high of 13k back in july 2019

if we did after adjustments we would need to be over 25k maybe 30k.

We promptly crashed back down in aug 2019 and hit a low of 3900 in feb of 2020.


basically I don't see a  correction short term until we get closer to 25-30k

I understand this logic, but disagree on a short term call.
We will most definitely dip at 20-21k.
There are too many bagholders who will sell at ATH (as soon as it is reached).
Maybe 20% or even 30% dip to $14-16K. I don't need to buy that dip, but I might.
Why? it always (EDIT for JJG: it happened last time) happens-see Dec 2016-Jan 2017

[nullius]

—Just so that the wiser souls of the Wall, who do not have me on ignore, can properly appreciate the artistry of this post:

Honey badger don’t give a fuck.

That sound you hear when you dump Bitcoin is laughter.

[...]

Now, how could I do that if I didn’t edit the title? ;-)

P.S., n.b. that references are improved here (just because I am detail-oriented):

...not so much “gemütlich” as, if I do say so myself, some other kind of good qualities; see Nr. 11 at pp. 20–22 (pdf pp. 40–42) for adequate context:

...die andrerseits im Verhalten zu einander so erfinderisch in Rücksicht, Selbstbeherrschung, Zartsinn, Treue, Stolz und Freundschaft sich beweisen, — sie sind nach Aussen hin, dort wo das Fremde, die Fremde beginnt, nicht viel besser als losgelassne Raubthiere.

[V8s Road Warrior]

Just bumbling through this on a Saturday night; so far it seems like the best thing to happen to lightning since lightning itself. Worth a repost...

Abstract
In this paper we examine the core inbound liquidity bootstrapping problem the Lightning Network faces, and frame it as a resource allocation problem to be solved by the application of market design and auction theory.  We present Lightning Pool, a non-custodial channel lease market-place, implemented as a sealed-bid frequent batched uniform clearing price auction which allows participants to buy and sell capital obligations on the network.  We call these capital obligations channel leases.  A channel lease can be viewed as a cross between a traditional fixed-income asset and an internet bandwidth peering agreement.  Channel leases allow nodes on the network with idle capital to earn yield (based on a derived per-block interest rate) by selling channels to other agents in the marketplace.  The duration of such contracts is enforced on-chain using Bitcoin Script.  We construct Lightning Pool using a novel design for constructing overlay applications on top of Bitcoin: a shadow chain.  Shadow chains allow users to remain in full custody of their funds at all times while also participating in higher level applications that scale via an optimistic  transaction cut-through protocol.

Weird warning: clicking on the link auto downloads the pdf (but I survived the wtf)

https://lightning.engineering/posts/2020-11-02-pool-deep-dive/

[LUCKMCFLY]

Hi guys!!!

Blockchain Technology
Macro RSI Shows Bitcoin is on the Verge of a Massive Bull Run

Bitcoin has seen a rapid rally over recent weeks from the $10,000 range to $16,000 as of this article’s writing. The leading cryptocurrency is expected to move even higher in the weeks and months ahead as long-term trends are still positive.

according to PlanB:

“if you missed 2013 and 2017 bull markets: current #bitcoin price rise to $16k is just a small taste of what will come next. we are just warming up.”

Source:https://thecryptostreet.com/blockchainnewsmagazine/macro-rsi-shows-bitcoin-is-on-the-verge-of-a-massive-bull-run/?utm_source=dlvr.it&utm_medium=twitter

I think a very good movement is brewing ... I think that by this December we will be able to touch $ 20k again ..

[soullyG]

[TheJuice]

Hi guys!!!

Blockchain Technology
Macro RSI Shows Bitcoin is on the Verge of a Massive Bull Run

Bitcoin has seen a rapid rally over recent weeks from the $10,000 range to $16,000 as of this article’s writing. The leading cryptocurrency is expected to move even higher in the weeks and months ahead as long-term trends are still positive.

according to PlanB:

“if you missed 2013 and 2017 bull markets: current #bitcoin price rise to $16k is just a small taste of what will come next. we are just warming up.”

Source:https://thecryptostreet.com/blockchainnewsmagazine/macro-rsi-shows-bitcoin-is-on-the-verge-of-a-massive-bull-run/?utm_source=dlvr.it&utm_medium=twitter

I think a very good movement is brewing ... I think that by this December we will be able to touch $ 20k again ..

I agree, we should tickle 20k in a few short weeks. I'm excited for 2021. LFG

[philipma1957]

And Kraken 16k again.  Don't know what to think, for the immediate term.  Sideways?

we have not reach the miners profit high of 13k back in july 2019

if we did after adjustments we would need to be over 25k maybe 30k.

We promptly crashed back down in aug 2019 and hit a low of 3900 in feb of 2020.


basically I don't see a  correction short term until we get closer to 25-30k

I understand this logic, but disagree on a short term call.
We will most definitely dip at 20-21k.
There are too many bagholders who will sell at ATH (as soon as it is reached).
Maybe 20% or even 30% dip to $14-16K. I don't need to buy that dip, but I might.
Why? it always happens-see Dec 2016-Jan 2017

Good counter point.

USA tax law can favor a sale of a cap gain {gain} in December if you have lots of cap gain losses earlier in the year.

USA tax law can favor a sale of a cap gain {gain} in January if you hodled so long and have only gains.  You don't pay it for as long as April 15 2022 if you sell a gain in Jan 2021.

[jojo69]

[fillippone]

A nice tweet from a new Twitter account:

These are the levels and this is what institutional fomo looks like

https://twitter.com/whale_map/status/1327260627463761921?s=21


Basically the graph plots a bubble when some bitcoin land on a whale portfolios (>10K BTC) and it is NOT spent afterward.
The size of the bubble il the size of the purchase.

This graph smell like FOMO

[philipma1957]

"
2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406
2020-10-31  13,766

2020-11-01  13,762
2020-11-02  13,545
2020-11-03  13,632
2020-11-04  13,908
2020-11-05. 14,937
2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,562
2020-11-12  15,939   < edit
2020-11-13  16,279
2020-11-14.  ?


note pulled info from here


https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187

as I noted in an earlier post
 { https://bitcointalk.org/index.php?topic=178336.msg55491561#msg55491561 }

 the  best streak of above 12,584

was from 2017-12-06 to 2018-01-15  that was 41 days

so 25 down and 16 to go.

   This will be a really nice streak to break.

  If we stay hot we break the streak on Dec. 2, 2020

so 2020-12-02 here we come.




We also are developing a second streak Nov 1 on is above 13545

we have never had a full month from day one stay above 13000. I for one want to see both things happen.

and we are unfolding a third streak more on that later."




I am quoting and altering my post from yesterday.


I want to talk about the third streak that is opening up.  BTC never had 12 days in a row over 15000

Below is the longest 15k+ streak

2017-12-21  16,033
2017-12-20  16,724
2017-12-19  17,986
2017-12-18  18,634
2017-12-17  19,110
2017-12-16  18,430
2017-12-15  17,334
2017-12-14  16,351
2017-12-13  16,434
2017-12-12  16,854
2017-12-11  16,293.    11 days in a row.


note I get all my stats from the following thread.  https://bitcointalk.org/index.php?topic=138109.msg1472141#msg1472141

I have been using his data to show these streaks.

So we have 3 streaks going
1) 12854 +. is at 23 days and closing in on the 41 day streak from dec 2017 to jan 2018

2) we have a 7 day 15000+ streak closing in on the 11 day streak from dec 11 2017  to dec 21 2017

3) and our Nov 1 to Nov 14 streak above 13000 is the second longest streak from the beginning of the month above 13000. Jan 1 2018 to Jan 15 2018 is in first place.

update so far so good  as we are now over 16,200

 I will get back to this at night.  We need to keep this up!

So updates.

3) if we stay over 13000 until Nov 16 we break the best beginning steak ever for any month.       15 days is old record.   2 days to break this record

2) We should stay over 15,000 by closing which will bring us to 9 in a row over 15k                     11 days is old record.   3 days to break this record

1) we have a 25 day streak over 12584. -----------------------------------------------------------  old record is 41 days.        17 days and counting

I assume hope we are good for the 14th and just kept it up.

[JayJuanGee]

I wonder how nullius' posts look after a few mg of C₁₂H₁₇N₂O₄P  

nullius & JJG in the middle of a cocaine session, sitting at a table, debating something.......

nullius and JJG sitting in a tree

t

a

lk

i

n

g


.....

#no homo.

[Lambie Slayer]

A nice tweet from a new Twitter account:

These are the levels and this is what institutional fomo looks like

https://twitter.com/whale_map/status/1327260627463761921?s=21


Basically the graph plots a bubble when some bitcoin land on a whale portfolios (>10K BTC) and it is NOT spent afterward.
The size of the bubble il the size of the purchase.

This graph smell like FOMO

Golden Bull Run confirmed. HODL.

[Lambie Slayer]

"
2020-10-21  12,584
2020-10-22  12,963
2020-10-23  12,914
2020-10-24  13,053
2020-10-25  13,077
2020-10-26  13,063
2020-10-27  13,446
2020-10-28  13,372
2020-10-29  13,321
2020-10-30  13,406
2020-10-31  13,766

2020-11-01  13,762
2020-11-02  13,545
2020-11-03  13,632
2020-11-04  13,908
2020-11-05. 14,937
2020-11-06  15,570
2020-11-07  15,076
2020-11-08  15,255
2020-11-09  15,364
2020-11-10  15,325
2020-11-11  15,562
2020-11-12  15,939   < edit
2020-11-13  16,279
2020-11-14.  ?


note pulled info from here


https://bitcointalk.org/index.php?topic=138109.msg55488187#msg55488187

as I noted in an earlier post
 { https://bitcointalk.org/index.php?topic=178336.msg55491561#msg55491561 }

 the  best streak of above 12,584

was from 2017-12-06 to 2018-01-15  that was 41 days

so 25 down and 16 to go.

   This will be a really nice streak to break.

  If we stay hot we break the streak on Dec. 2, 2020

so 2020-12-02 here we come.




We also are developing a second streak Nov 1 on is above 13545

we have never had a full month from day one stay above 13000. I for one want to see both things happen.

and we are unfolding a third streak more on that later."




I am quoting and altering my post from yesterday.


I want to talk about the third streak that is opening up.  BTC never had 12 days in a row over 15000

Below is the longest 15k+ streak

2017-12-21  16,033
2017-12-20  16,724
2017-12-19  17,986
2017-12-18  18,634
2017-12-17  19,110
2017-12-16  18,430
2017-12-15  17,334
2017-12-14  16,351
2017-12-13  16,434
2017-12-12  16,854
2017-12-11  16,293.    11 days in a row.


note I get all my stats from the following thread.  https://bitcointalk.org/index.php?topic=138109.msg1472141#msg1472141

I have been using his data to show these streaks.

So we have 3 streaks going
1) 12854 +. is at 23 days and closing in on the 41 day streak from dec 2017 to jan 2018

2) we have a 7 day 15000+ streak closing in on the 11 day streak from dec 11 2017  to dec 21 2017

3) and our Nov 1 to Nov 14 streak above 13000 is the second longest streak from the beginning of the month above 13000. Jan 1 2018 to Jan 15 2018 is in first place.

update so far so good  as we are now over 16,200

 I will get back to this at night.  We need to keep this up!

So updates.

3) if we stay over 13000 until Nov 16 we break the best beginning steak ever for any month.       15 days is old record.   2 days to break this record

2) We should stay over 15,000 by closing which will bring us to 9 in a row over 15k                     11 days is old record.   3 days to break this record

1) we have a 25 day streak over 12584. -----------------------------------------------------------  old record is 41 days.        17 days and counting

I assume hope we are good for the 14th and just kept it up.

So you are saying Monday we should all eat a steak and post a picture and then moon?