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

[Torque]

Here we go

Bitcoin’s 12-year history has been peppered with vertiginous gains and equally sharp drops. It volatility has hampered use for payments and made many larger investors wary.

Backers hoped than in 2020 a more mature market and fewer retail investors have lowered the chances of the kind of crash that followed its 2017 bubble.

Traders cited for the drop the unwinding of highly leveraged positions built up as bitcoin approached its record, as well as tweets by the CEO of major cryptocurrency exchange Coinbase expressing concern at rumours of a regulatory crackdown.

https://www.reuters.com/article/crypto-currency/bitcoin-leads-cryptocurrency-selloff-down-9-7-on-day-at-16-922-idINKBN2860SG

#btfd

Finally gentlemen, it's happening! The FUD is back, baby!

https://www.cnbc.com/2020/11/26/bitcoin-plunges-by-nearly-3000-after-closing-in-on-its-all-time-record.html

FUD like this is the sign. I've been waiting for it to show up.

There will be more FUD like this next year....all year long.

But we are going to the moon.

#BTFD

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[rdbase]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

4 digits is no longer possible.  That time has passed.

That does feel like a knife in vegeta's back.
Back down to $17k

Always when we get so close to ATH it drops down 3x as much from before.
A dark cloud is upon BTC price action.

Just like vegeta's tears in the rain.

We need a another hero!

Pick your new hero meme for the bitcoin revolt.

[Gyrsur]

4

[Lambie Slayer]

Here we go

Bitcoin’s 12-year history has been peppered with vertiginous gains and equally sharp drops. It volatility has hampered use for payments and made many larger investors wary.

Backers hoped than in 2020 a more mature market and fewer retail investors have lowered the chances of the kind of crash that followed its 2017 bubble.

Traders cited for the drop the unwinding of highly leveraged positions built up as bitcoin approached its record, as well as tweets by the CEO of major cryptocurrency exchange Coinbase expressing concern at rumours of a regulatory crackdown.

https://www.reuters.com/article/crypto-currency/bitcoin-leads-cryptocurrency-selloff-down-9-7-on-day-at-16-922-idINKBN2860SG

#btfd

Finally gentlemen, it's happening! The FUD is back, baby!

https://www.cnbc.com/2020/11/26/bitcoin-plunges-by-nearly-3000-after-closing-in-on-its-all-time-record.html

FUD like this is the sign. I've been waiting for it to show up.

There will be more FUD like this next year....all year long.

But we are going to the moon.

#BTFD

LOL, yes the Tard FUD is juicy right now. We dont get as much retard Fud with Roach hanging himself and Stolfi in a mental facility. I go to stocktwits to find the rarest specimens of BearTards for laughs now.

I found this moron's comment this morning and had a good belly laugh. 

https://stocktwits.com/DayTraderHKM/message/259539712

"$BTC.X
 This junk gave me so much hard time to transfer mere
$50USD
 do to heavily regulated and Exchanges want to verify your identity, ect.

Wait until Orange Gump's soy boi Mnuchin put the final nail in this PonziCoin's coffin. You think sell off at 15K will be bad lol wait until selling pressure becomes biblical at 8K.

By next year this junk will be too much hassle to deal with you better off using other platforms and not worry about some Midget with glasses trying to mine these MEMECoins since kid couldn't even get a regular job in McD. JK all these junks are mined now in ChyNa you will all be bag holders soon."

[sirazimuth]

oh boo effing hoo.
my bitcoins are only worth.... yadda yadda...etc..

Honestly, is anyone really surprised?


....now, where was I with this green bean casserole....

[RejectedBanana]

Cup, meet Handle.

[BobLawblaw]

Okay, what the actual fαck happened.

No idea man.

Just bought some more dip again, tho.

[rdbase]

I think those who shorted are quite happy waking up this morning to see theirs got bought up.
Now you know it being black friday and this time fortnite BTC price will pump.
So why not go long for some sweet turkey-time gains?

[Toxic2040]

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.


#dyor

some new short fibs
1h


kitteh purrs with tongue out..how is this possible?
4h


a dragons bloody fang gleams at dawn
D

#stronghands

[JayJuanGee]

So, is Bitcoin dead yet?

[...] NO ONE can participate in bitcoin from all angles [...]

You said my name.

Yes... including ur lil selfie.

In the past several months, we have learned more and more about your BTC investment approach and some of your perspectives in respect to lillie fiend.

No problema.

Whether you choose to continue to participate and reveal more or to roll with the punches in these here parts remains within your discretion.

Furthermore, we have had some back and forth in various regards including how balancing BTC with other investments might work and the extent to which spending BTC might be preferable to giving such BTC to others... and surely some politics can skew world-views, too.. whether we agree about various points or not.

In any event, if details are shared, NOT even nullius can reasonably persist in holding himself out as an everyman, once we get to know such lil fella (#nohomo) a wee bit better (whether we had wanted to increase such acquaintances or no).    

 

[d_eddie]

WTF...? I just switched from the 15k temp thingy to my old hat, FFS.

[lightfoot]

Cool, bitcoin is on sale!

[lightfoot]

^^NSFW 

Lambie is off ignore for that one. :-)

[philipma1957]

Okay, what the actual fαck happened.

No idea man.

Just bought some more dip again, tho.

Yeah I purchased a few pieces of coin for my paypal accounts.

[Wekkel]

Most of all I am thankful for Bitcoin.

Be thankful for all you got: https://youtu.be/w7UOaYtzO8M

Happy Thanksgiving!

[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.