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

[Arriemoller]

to comfort myself in this dip I have bought two claymore mines. Unfortunately I couldn't find a live one, so I had to settle for replicas. I will, like my hero and role model Ron Swanson, have one on my desk and the other one as a hitch cover.

https://www.youtube.com/watch?v=PD78pKaiA3c

https://www.etsy.com/se-en/listing/682772861/claymore-replica-hitch-cover-2-inch?ref=hp_opfy-1

https://www.wish.com/search/claymore/product/5f93d83244696812c994b6a7?source=search&position=8&share=web

[JayJuanGee]

Good morning WO! I see a lil weak hand shake out happened during the night. Traders must have their cut off losses, this is part of the game. I guess some of them are selling in expectation of some 2017 style correction like 30-40% from the last top. But this time it is different. The big institutional buyers are leading the charge. This never happened before in the history of Bitcoin. They are not looking for short terms profits not to mention cut losses. And indeed in the last 8 months we had only one noticeable correction of 20%. It remains to be seen if this tendency will continue. So far 10%.  

I agree with you that "this time is different" in regards to a kind of ongoing FOMO dynamic of quite a few institutional buyers.... but in the end, so fucking what?

I doubt that some of these BIGGER players are going to change the dynamic too much in terms of what is possible or likely in terms of dips - and in fact, there is some necessity for some of these BIGGER players to come into bitcoin in order for us to get some kind of pattern that might play out similar to either 2013 or 2017 but with 100x or 20x (respectively) more capital needed in order to move the BTC price in explosive ways.

Sure, in some sense, you are definitionally correct about "this time is different" because every time is going to be different in several regards to previous times, but in any event the BTC price prediction models still remain amongst the best of what we have in order to at least outline parameters of what is possible or probable to happening in bitcoinlandia in what appears to be our present cycle... and just for clarity (not necessarily for you, ivomm), the currently persuasive BTC price prediction models I refer to are 1) stock to flow, 2) four-year fractal and 3) s-curve exponential adoption based on metcalfe and networking principles.

So, essentially I am saying that 30% or 40% or greater corrections are possible - whether they are probable or not, I don't really know, but I would not be too surprised or shocked or NOT prepared financially or psychologically for them to happen and even to endure lower and longer than expected, largely because BIG status quo would prefer to remove as many regular Joes from their BTC as they possibly can.... those manipulative fucktwats.   

[FullNode]

We are continuing to investigate latency issues on Coinbase Pro.
Thank you for your patience, and we'll update you when this is resolved.

https://twitter.com/CoinbaseSupport/status/1331982798136111104
In the best of times, shitexchanges

[FullNode]

Happy Thanksgiving everyone

I am thankful for so many things this year. I am thankful for my health and my families. I am thankful for the friendships I have found in this forum and in this thread in particular.

Most of all I am thankful for Bitcoin.
#stronghands

I don't like to send sMvirtual, 1 for you
But I'm dry
This is the best forum thread

[JayJuanGee]

https://twitter.com/bitcoinmemehub/status/1331741230905118732?s=21

That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis - even though he might have been a bit better served by more directly attempting to address the underlying volatility of bitcoin concerns that seem to have been underlying the CNBC interviewer's perception of bitcoin.  Furthermore, she came off as a bit hostile to Microstrategy's investment approach and she was NOT shy to directly confront him about this - and even though it may have seemed that he was dodging or avoiding her questions regarding defining the mission of Microstrategy, he did end up directly responding to her point that may have well undermined any further naysaying from her - though we might not have known this with any certainty since mainstream media does seem to be a wee bit shy about having any kind of extended interviews, anyhow, so the interview ended with Michael making his point in a way that seemed pretty strong, at least from a bitcoiner's (referring to yours truly) perspective.   

By the way, I merited your post, dude, because the interview was quite informative.. .. yet I do believe that it would be MOAR helpful for you (and any other posters) to go beyond merely posting links without descriptors (known as click-bait) - but, instead, to give some kind of title or descriptor for such links in order that we WO peeps do not have to click such link-only posts in order to figure out what such links happen to be about.

[vapourminer]

We are continuing to investigate latency issues on Coinbase Pro.
Thank you for your patience, and we'll update you when this is resolved.

https://twitter.com/CoinbaseSupport/status/1331982798136111104
In the best of times, shitexchanges

coinbase pro is erroring out on their end "Whoops, there was an error" what a surprise.

had buys lined up that should of fired if the orderbook is running

[Wekkel]

Willy Woo weighing in: https://twitter.com/woonomic/status/1331974487080726529?s=21

Nothing to worry about 

[Biodom]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.  

Seconded, although I think it will be $15k rather than $13k

Anywhere between 16K (almost achieved) and 12K (or so, less likely) is possible.
The question is: when to deploy the cashola.
Please don't tell me to DCA, not my style, apart from smallish moves.
EDIT: on the other hand, Pomp going on TV and blabbering about 100K and above is usually the sign of the local top.
He did the same in Dec 2017, confidently predicting 40K.
I like the guy, but he is no trader.

[nullius]

https://twitter.com/100trillionUSD/status/1331884814102900737

"The Netherlands implemented these  laws 2 weeks ago. You now have to screenshot your wallet when withdrawing bitcoin from Dutch exchanges, easy but annoying. Make sure you vote people in power that protect property rights and bitcoin, and remove people who don't protect freedom."

If these new regulations actually are imposed by Lame Duck Donald's henchmen then so what, its a nothing burger, just screen shot your wallet and call it a day.

Are they serious?  Screenshots!?  Just after I inadvertently got into a flamewar over this, too.  What is that supposed to achieve, which privacy-raping your wallet with a statement of tx data would not?

All the n00bs who don’t verify PGP signatures will now bow down to me.
Muahahahaha!

Why does everyone use screenshots?

PSA:  Screenshots are trivial to fake.  A screenshot is no better proof than a quote; and a quote is much easier to read.  If your word can be trusted about the authenticity of a screenshot, then you can be trusted to provide a quote—whereas if a quote from you is untrustworthy, then so is a screenshot!

The above is a real screenshot, not “Photoshopped”.  I produced it with minimal effort by editing the actual webpage, using my browser’s developer tools.  Thus, it looks perfect; and nonexistent graphical modifications cannot be detected.  That is also how I conveniently crafted a parody of Jihan’s infamous “fuck your mother” tweet.

For the sake of ocular health and safety, and to avoid a false sense of security, please stop using screenshots in situations whereby a visual depiction is not required.  Thank you.

inb4 Craig Wright uses screenshots to “prove” to idiotic regulators that he controls Satoshi’s wallet.

[Wekkel]

Ill go for $15k and then with all reserves.

If this target is not met, I will have some cash for the holidays  

Edit: or shitcoins 

[philipma1957]

Happy Thanksgiving everyone

I am thankful for so many things this year. I am thankful for my health and my families. I am thankful for the friendships I have found in this forum and in this thread in particular.

Most of all I am thankful for Bitcoin.
#stronghands

I don't like to send sMvirtual, 1 for you
But I'm dry
This is the best forum thread

I sent you and toxic2040 merits.

happy thanksgiving 🦃

[bitebits]

Inserting a bit of bullishness:


https://twitter.com/gregzaj1/status/1331697875059961856

[Wekkel]

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight 

[JayJuanGee]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.  

Seconded, although I think it will be $15k rather than $13k

Or UP soon-ish

Hahahaha

Right now, as I type, we seemed to have bounced to the precipice of no man's land (whatever that means?)...

So, we are bouncing in a $16,500 to $17,400 price range.. and of course, such range could continue, become broader or become narrower... and I am thinking that this could serve as a decent launching off range to test the resistance before actually passing through no man's land.

Yeah, right.. we were in no man's land for a bit more than a week, so surely some people may have started to believe that we had successfully broken through the last resistance before no man's land.. and hey.. it is a problematic thesis to flippantly presume that we would break through three resistance points in a row ($12k-ish, $13,880 and $17,250) and not to revisit any of those break-throughs in order to sort out the battle and in order to sort through being really ready for UPpity.

Sure, I don't claim to be any kind of genius when it comes to figuring out where we might go in the short term, but I do NOT consider it unreasonable to have to sort some of this price discovery (battle) out before we are actually ready to convincingly and decisively move through no man's land.

In other words, you don't simply pass through no man's land without some kind of prior battle or preparation.. that is my current thinkenings.  Take it for what it is worth, since I don't claim to know any tingilie.  

Or UP soon-ish

More likely. 2017 started with 1000$-ish price while previous ATH was 1200.
Now the previous ATH is almost 20k and we have already reached 19k. I expect January start at well over 19k too, which may not give it too much time for falling.

I would not get too caught up on specific timelines that you believe that battles have to happen or have to end... but hey, do what u like.

In other words, previous patterns might give some great ideas about what is possible, what is likely, or what is more probable, but we can become way too much slaves to the pattern if we expect them to play out with any kind of precision.. even if in the longer run they end up coming to nearly exactly where we had expected them to come.

In udder words, king daddy no likey to be put in a box and told what to do.   

[BobLawblaw]

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight 

Just bought some more dip. Maybe I'll buy more tonight.

Wonder if we're going to go below $16,250. If so, lulz.

[BobLawblaw]

^ Buying with dollars from a different pocket, Bob?

Same pocket.

 ¯\_(ツ)_/¯

[virasog]

[Indymoney]

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight 

Just bought some more dip. Maybe I'll buy more tonight.

Wonder if we're going to go below $16,250. If so, lulz.

Look like we are going to touch this $16.250 very soon as its tumbling very badly right now.

[Torque]

We are continuing to investigate latency issues on Coinbase Pro.
Thank you for your patience, and we'll update you when this is resolved.

https://twitter.com/CoinbaseSupport/status/1331982798136111104
In the best of times, shitexchanges

I'm sure there is no "latency issues" for certain whales trading on Coinbase Pro.  

The house always wins.  

https://twitter.com/JohnWick_589/status/1331327882912739330

[Wekkel]

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight 

Just bought some more dip. Maybe I'll buy more tonight.

Wonder if we're going to go below $16,250. If so, lulz.

The 4hr is soo extremely oversold that I jumped the gun already. F*ck it, I’ll ride this pig wherever it goes