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

[serveria.com]

I already have a Toyota, and loving it. I wouldn't go near a Lambo, even if you paid me.

The only money I will burn is spending it on this:



I will drive it until it falls apart.

Better take the Mercedes, better and modern interior.

Hehe .. No.

If you want better and modern interieur, than stay by BMW or get an Audi. The last one has really modern intereur. In my opinion Mercedes is ugly as hell and even the engines can compansate for that at all.

The interior of Mercedes simply looks better  

Uaaah ... one missing monitor and the round things overall? Looks like "christmas balls". Sorry, nope, nope and nope.

And the ulgy monitor looks like put in there afterwards. How is even considered a nice thing. The Montior looks like: "Oh lets put in there a chinese media system to make a look modern!"

But thank you for the comparing image! So everybody can make their own decision. I know, why I had a BMW and now a Audi.

I prefer FWD so AUDI is my choice! 

[Torque]

You can also sense a rise of 'acceptance' of stable coins in the broader markets: https://cointelegraph.com/news/visa-will-facilitate-usdc-payments-thanks-to-fresh-partnership

Will suck up even more fiat into cryptocurrency, eventually  

Yeah but...if you can 'print' as many stable coins as you can do with fiat, I don't see how that is even remotely a win for anybody that uses them.  

[Toxic2040]

noon charts


#dyor


1h


4h



Bitcoin consolidated several times on the kijun sen during the last bullrun. Only wicking below it a few times..the problem being of course is knowing where your at in such speculation or even if the market will behave in a similar fashion as it has in the past.
W

#stronghands

[LFC_Bitcoin]

@danheld
The real "flippening"

Gold: $10 Trillion
Bitcoin: $0.3 Trillion

What do you believe in? Old shiny rocks, or a breakthrough in human incentives that enabled a new species of money?
https://twitter.com/danheld/status/1334135429700984832?s=21

[Paashaas]

Visa will launch a credit card that rewards users in Bitcoin in early 2021.

https://markets.businessinsider.com/currencies/news/visa-blockfi-offer-credit-card-rewards-purchases-bitcoin-early-2021-2020-12-1029858094#click=https://t.co/DvZO6i0pvC

[d_eddie]

Visa will launch a credit card that rewards users in Bitcoin in early 2021.

https://markets.businessinsider.com/currencies/news/visa-blockfi-offer-credit-card-rewards-purchases-bitcoin-early-2021-2020-12-1029858094#click=https://t.co/DvZO6i0pvC

200$ annually, plus required spending 3000$ in the first 3 months. Who do they think they are, AmEx? 

[explorer]

Visa will launch a credit card that rewards users in Bitcoin in early 2021.

https://markets.businessinsider.com/currencies/news/visa-blockfi-offer-credit-card-rewards-purchases-bitcoin-early-2021-2020-12-1029858094#click=https://t.co/DvZO6i0pvC

200$ annually, plus required spending 3000$ in the first 3 months. Who do they think they are, AmEx?  

Advice:  Take that $3200, buy bitcoin NOW.  You will be so far ahead of any stupid VISA BS after the first 3 months as to not even compare.  Probably the same with just the $200...  I have not checked the details (ad blocker standoff), but... if you DIY, you also have keys...

[Toxic2040]

[sirazimuth]

Visa will launch a credit card that rewards users in Bitcoin in early 2021.

https://markets.businessinsider.com/currencies/news/visa-blockfi-offer-credit-card-rewards-purchases-bitcoin-early-2021-2020-12-1029858094#click=https://t.co/DvZO6i0pvC

200$ annually, plus required spending 3000$ in the first 3 months. Who do they think they are, AmEx? 

$200 annual fee?! Goddamn! I didn’t know cc’s still pulled that scammery.
Years ago when my 15% apr cc (I know, highway robbery),
tried to slap a mere $50 annual fee on my bill to renew card I told
the bastards to waive the fee or cancel my account.
They waived the fee.

[True Myth]

Time for a new poll?

Maybe a guess on the AYH for end of the year?

[marcus_of_augustus]

"The truth is, I've never been a big believer in destiny. I worry that it encourages resignation in the down-and-out and complacency among the powerful. I suspect that God's plan, whatever it is, works on a scale too large to admit our mortal tribulations; that in a single lifetime, accidents and happenstance determine more than we care to admit; and that the best we can do is to try to align ourselves with what we feel is right and construct some meaning out of our confusion, and with grace and nerve play at each moment the hand that we're dealt."

beyond quoting a clear intellectual fraud like Obama ... you can't muse on these philosophical parts without confronting free will.

"happiness, contentedness, sadness", etc are all mostly emotional states of mind and thus subjective (like the subjective theory of value)

I have the free will to go across the room and beat your ass to a pulp. Free will can be demonstrated objectively, repeatedly and without question or the rest of the quasi-religious philosophical BS.

[Heater]

Another day, another CEO doing a U turn on corn:

	2017	2020

Well, what next in 2023? "BlackRock CEO Larry Fink:Bitcoin is the new Dollar!"
Credit go to Plutosky on the Italian Board

Sauce: https://youtube.com/watch?v=NKxTSk8cONw

Pinching my arm: By the CEO of f*cking BlackRock with close to 8 trillion Assets Under Management (that is 24x Bitcoin’s market cap).

This is a must-watch video if you want to understand how the 'global elites' are thinking right now. These are 2 very well-connected and intelligent gentlemen, and so is the audience who are asking questions.

And what do they want to talk about? Government global warming policy, Fed policy, interest rates, Covid-19, working from home, unemployment... etc but not Bitcoin.

There is one question from the audience right at the end about Bitcoin. They can't even say the word, instead, they call it the "B-word". Why can't they say the word 'Bitcoin? Because giving it oxygen is problematic, and they even say as much.  But why don't they want to promote Bitcoin? Simple - they don't have a position yet, and Bitcoin undermines their current lucrative income stream as middlemen in the global financial system.
What we are seeing here are smart people who don't want Bitcoin, but also know it can't be stopped, just slowed down. They also know money can be made from speculating on it, so that is what they are starting to do, albeit quietly behind the scenes.

These guys will take a Bitcoin position, probably next year, and then will become the biggest advocates of all time.
But not yet.

[JayJuanGee]

So I'm thinking if we do go sideways here for a while, all it will be is the small handle for our 2018-2020 big cup. When it breaks up from here, and it will, I expect a doubling in price before another decent correction/sideways movement. Kind of like the move from March 2017.

like 2017, I'm not worried if it takes a few months to achieve this. But with the continued destruction of sound money globally it might not even take that long before the bulls are recharged.

Buy every dip.

Since the last crash in March, we had only one correction of 20%, which is very unusual. Of course the explanation is obvious - big investors entered the market with the purpose of long term holding. Some TA 'experts' may claim that a correction is at the corner, but looking at the liquidity of the exchanges and how quickly the price recovers, I just don't see it. May be if the price increases 30%+ for a day, we will see some more significant correction. But if the current trend of 4-5% daily gains continues, I would expect more like sideways periods in some 10-15% channel from the ATH after each doubling.

I am unsure about if I understand you.

I agree with your assessment that there have not been too many lengthy or deep BTC price corrections since March, so surely we have largely been having Upwards BTC movements with relatively small corrections - but having had experiences in that direction so far does not necessarily signify that those BIG ASS corrections are NOT going to come, at some point.

Maybe for now, the price pressures remain UPpity and there remain too many peeps (or institutions) or whoever is buying who are NOT really allowing the BTC price to go down because they remain ready, willing and able to suck up the vast majority of the dumps that have happened or attempted to happen.

I recall seeing variations of this in the 2015 to 2017 price run... where the BTC price just kept going up and up and up, but at a certain point, it was not sustainable... same with the 3 month run that we got from April 1 to June 27, 2019.. At a certain point, the run-up just becomes unsustainable.

Seems to me that some BTC chartalists (not you, of course) want to start to proclaim that BTC is overbought, but some of them have been saying that since $12k... and it is NOT resulting in a BTC price correction.

We cannot really arrive at any kind of exact formula.. but let's say that we get through the no man's zone of $17,250 to $23,500.. that would only be a 20% run above the ATH - so maybe there would be room for more UPpity before any kind of significant correction.. but it also would make some difference if we were to float around within no man's zone for a few weeks versus a few months.  The longer that we consolidate, then the more that buyers and buy support is able to catch up and to keep up.

I just don't see that we can competely rule out 30% to 40% corrections based on the fact that they have not happened since March, and maybe because of such absence of corrections, that causes more justification that a correction of such magnitude might be due.. whether it happens while we are bouncing in the no man's zone or maybe we make it to $35k before such correction ends up playing out... I just have troubles trying to lock expectations into any kind of formula including either the motive to shake weak hands or the desire to take profits, and surely another presumption might be that shitcoins are NOT frothy.. and personally, I could appreciate a 30% to 40% correction being justified merely based on the frothiness of shitcoins, including whether anyone believes that ethereum is going to be able to pull of some kind of shenanigan smoke and mirror transition into some wild ass shit without some hackers taking advantage of it, including some instabilities with their miners who are likely NOT too happy with ethereum's desires to phase them out (or fuck them over).. .Let's see how all that goes, and it could surely trigger some kind of greater than expected correction in BTClandia... It's not like we can completely divorce our lil selfies from that crap that seems to affect the whole space...including BTC price dynamics... whether we like it or no.

[marcus_of_augustus]

... just wondering what happens to bitcoin in a scenario where USA goes into martial law and Trump starts rounding up perpetrators of election fraud?

He has the power, some would say the constitutional duty, to protect USA against all enemies, foreign and domestic.

https://www.youtube.com/watch?v=720O_yBLrTs

... I think it's coming. Prepare yourselves for a step increase in crazy times.

[philipma1957]

So I'm thinking if we do go sideways here for a while, all it will be is the small handle for our 2018-2020 big cup. When it breaks up from here, and it will, I expect a doubling in price before another decent correction/sideways movement. Kind of like the move from March 2017.

like 2017, I'm not worried if it takes a few months to achieve this. But with the continued destruction of sound money globally it might not even take that long before the bulls are recharged.

Buy every dip.

Since the last crash in March, we had only one correction of 20%, which is very unusual. Of course the explanation is obvious - big investors entered the market with the purpose of long term holding. Some TA 'experts' may claim that a correction is at the corner, but looking at the liquidity of the exchanges and how quickly the price recovers, I just don't see it. May be if the price increases 30%+ for a day, we will see some more significant correction. But if the current trend of 4-5% daily gains continues, I would expect more like sideways periods in some 10-15% channel from the ATH after each doubling.

I am unsure about if I understand you.

I agree with your assessment that there have not been too many lengthy or deep BTC price corrections since March, so surely we have largely been having Upwards BTC movements with relatively small corrections - but having had experiences in that direction so far does not necessarily signify that those BIG ASS corrections are NOT going to come, at some point.

Maybe for now, the price pressures remain UPpity and there remain too many peeps (or institutions) or whoever is buying who are NOT really allowing the BTC price to go down because they remain ready, willing and able to suck up the vast majority of the dumps that have happened or attempted to happen.

I recall seeing variations of this in the 2015 to 2017 price run... where the BTC price just kept going up and up and up, but at a certain point, it was not sustainable... same with the 3 month run that we got from April 1 to June 27, 2019.. At a certain point, the run-up just becomes unsustainable.

Seems to me that some BTC chartalists (not you, of course) want to start to proclaim that BTC is overbought, but some of them have been saying that since $12k... and it is NOT resulting in a BTC price correction.

We cannot really arrive at any kind of exact formula.. but let's say that we get through the no man's zone of $17,250 to $23,500.. that would only be a 20% run above the ATH - so maybe there would be room for more UPpity before any kind of significant correction.. but it also would make some difference if we were to float around within no man's zone for a few weeks versus a few months.  The longer that we consolidate, then the more that buyers and buy support is able to catch up and to keep up.

I just don't see that we can competely rule out 30% to 40% corrections based on the fact that they have not happened since March, and maybe because of such absence of corrections, that causes more justification that a correction of such magnitude might be due.. whether it happens while we are bouncing in the no man's zone or maybe we make it to $35k before such correction ends up playing out... I just have troubles trying to lock expectations into any kind of formula including either the motive to shake weak hands or the desire to take profits, and surely another presumption might be that shitcoins are NOT frothy.. and personally, I could appreciate a 30% to 40% correction being justified merely based on the frothiness of shitcoins, including whether anyone believes that ethereum is going to be able to pull of some kind of shenanigan smoke and mirror transition into some wild ass shit without some hackers taking advantage of it, including some instabilities with their miners who are likely NOT too happy with ethereum's desires to phase them out (or fuck them over).. .Let's see how all that goes, and it could surely trigger some kind of greater than expected correction in BTClandia... It's not like we can completely divorce our lil selfies from that crap that seems to affect the whole space...including BTC price dynamics... whether we like it or no.

I agree with him and I can honestly say that we are still not equal to July 2019 in terms of mining profits.

25k-30k would equal the Holy 2019 price of 13k.  Which collapsed basically because mining profits were too good to be true.

If you can invest under 50k and earn 6k a month -1.5 for power you clear 4500 a month which is too good for a miner.

Right now investing 50k and clearing 4500 a month is not doable.

So I think we could hold these prices for a few months to until we skyrocket  to 25-30k

[JayJuanGee]

Everyone's view on what is a comfortable or "content" life varies, but a lot of people are currently in situations where just a little bit more income to pay for expenses is all that is needed.

The alternative is to try and live lower, for some people that can be done, for others is already difficult.

One can be happy by being content. You can also estimate this number by simply looking at your average expenses for the past year. If you do ever get enough corn such that one day a small percentage of it pays your annual expenses, then you can probably either retire, or work less.

The usual number I see floating around is 4%. So if BTC hits $1 million, and you only need close to $40k per year (in addition to any other money you are making right now), then ... you could try to live with that. If you have a whole 1 BTC that is. This implies investing it outside of BTC in the traditional stock market, so if you just keep it in BTC, you'll want more than 4% per year price appreciation.

You are somewhat on the right track, Dabs.. yet I believe that there are ways to work out formulas in which you have all or some of your investment value in BTC and still be able to consider that your passive income from your BTC investment can work.

In recent months, I have been starting to consider that BTC is likely to have something like a 10% to 12% price appreciation per year rather than the traditional 4%... but also, instead of using the top of the BTC price range to consider the value of your BTC price, it is likely a lot safer to use something like the 200-week or the 208 week moving average.  I have been using the 208 week moving average because it is a bit more conservative and it brings the period to 4 years rather than 8 weeks shy of 4 years... so that currently the 200-week moving average is nearly $7,500 and the 208 week moving average is nearly $7,200...

So if you want to assess your BTC to be worth $1 million, then currently, you would need to have about 138.89BTC... that's using the 208 week moving average.  Of course, if BTC reaches one million, then we would need to consider where is the 208 Week moving average.  Maybe it would be somewhere between $100k and $300k, depending on how quickly the BTC price goes up to $1million... so sure, you could shave some BTC off the top, but personally, I don't really consider that it is necessary to shave BTC off the top, even though I do appreciate that the more wealth that any of us gains, the more that we should consider having investments in other assets besides BTC... but surely, people are going to differ regarding the extent to which they believe diversification is going to be a valuable thing in the coming years as bitcoin may well keep moving up in value.. and surely $1million is within a reasonable realm of expectations - maybe in the coming 5-10 years.. and it seems to be a bit of stretch to be very likely in this particular cycle.. presuming that we get a cycle (that we seem to currently be in the relatively early stages) in the coming 12 to 18 months.

I can tell anyone here, once you have enough bitcoin to buy a Lambo ten times over, not only will you *not* want one, you also realize that it would be huge mistake to buy one.

If I could afford to buy ten lambos for cash

I will probably end up getting a Toyota or a Honda ... You could get a Corolla or even Camry or Civic depending on your tastes and have a lot of fun with it without worrying what you'll do for a few years down the road.

I already have a Toyota, and loving it. I wouldn't go near a Lambo, even if you paid me. I hate this brand of cars. And, strangely (or not), I tend to dislike Lambo owners too. The few I've met were arrogant, ignorant, uneducated, "thick" types, that just wanted to show off their wealth. Not my type.

Looks like you are going to have a tough time with our hookers, lambo and blow stage of our BTC transformation stage, then.

"We" might need to kick you out of our lil club.   Have fun staying without the goodies.

I have spoken.

Whoazzza!!!!  Scary, too.

I got a chill..

Well, it may have just been me...   I do tend to get scared, easily. So, there is that.     

[BayAreaCoins]

... just wondering what happens to bitcoin in a scenario where USA goes into martial law and Trump starts rounding up perpetrators of election fraud?

He has the power, some would say the constitutional duty, to protect USA against all enemies, foreign and domestic.

https://www.youtube.com/watch?v=720O_yBLrTs

... I think it's coming. Prepare yourselves for a step increase in crazy times.

I hope he does.

[nutildah]

... just wondering what happens to bitcoin in a scenario where USA goes into martial law and Trump starts rounding up perpetrators of election fraud?

He has the power, some would say the constitutional duty, to protect USA against all enemies, foreign and domestic.

https://www.youtube.com/watch?v=720O_yBLrTs

... I think it's coming. Prepare yourselves for a step increase in crazy times.

Oh please. The only thing interesting coming is when Trump shits his pants from being tased after he assaults a secret service agent when he refuses to leave the white house. That is far more likely an outcome than whatever incel militia fantasies you are conjuring up.

[JayJuanGee]

Another day, another CEO doing a U turn on corn:

	2017	2020

Well, what next in 2023? "BlackRock CEO Larry Fink:Bitcoin is the new Dollar!"
Credit go to Plutosky on the Italian Board

Sauce: https://youtube.com/watch?v=NKxTSk8cONw

Pinching my arm: By the CEO of f*cking BlackRock with close to 8 trillion Assets Under Management (that is 24x Bitcoin’s market cap).

This is a must-watch video if you want to understand how the 'global elites' are thinking right now. These are 2 very well-connected and intelligent gentlemen, and so is the audience who are asking questions.

And what do they want to talk about? Government global warming policy, Fed policy, interest rates, Covid-19, working from home, unemployment... etc but not Bitcoin.

There is one question from the audience right at the end about Bitcoin. They can't even say the word, instead, they call it the "B-word". Why can't they say the word 'Bitcoin? Because giving it oxygen is problematic, and they even say as much.  But why don't they want to promote Bitcoin? Simple - they don't have a position yet, and Bitcoin undermines their current lucrative income stream as middlemen in the global financial system.
What we are seeing here are smart people who don't want Bitcoin, but also know it can't be stopped, just slowed down. They also know money can be made from speculating on it, so that is what they are starting to do, albeit quietly behind the scenes.

These guys will take a Bitcoin position, probably next year, and then will become the biggest advocates of all time.
But not yet.

Thanks for highlighting where the bitcoin topic was brought up, which was at the end at minute 52:40 of the above video.. and yeah, I found their responses to be a bit evasive in terms of really getting into what bitcoin is - but they did suggest that there is a lot of passion about bitcoin currently... so bitcoin has gotten everybody excited.. blah blah blah... so yeah.. maybe that is a sign in regards to the public becoming more interested in bitcoin.. and maybe even considering whether the public might jump into bitcoin as an  investment (even though, currently, we seem to be witnessing more concrete evidence of increased institutional interest in bitcoin (and maybe be increased interest in some people who specialize in finance matters) rather than lay persons).

... just wondering what happens to bitcoin in a scenario where USA goes into martial law and Trump starts rounding up perpetrators of election fraud?

He has the power, some would say the constitutional duty, to protect USA against all enemies, foreign and domestic.

https://www.youtube.com/watch?v=720O_yBLrTs

... I think it's coming. Prepare yourselves for a step increase in crazy times.

The only real evidence of fraud is Trump, his lil selfie... I doubt that he has enough backing, currently, to pull of an actual coop or whatever he would like to label it as "protecting" blah blah blah.

Seems more likely that he will be going out with his tail between his legs.. of course, he may well try some further desperate attempts at making more ruckuses.. which seems to have been good for him in the money raising arena.. and hopefully raising money and stirring shit with people about bullshit selfish motive theories might be enough to keep him from going into handcuffs at 12:01pm on January 20 .. which would be hilarious, even though I cannot really see that happening unless he refuses to vacate the premises.. that narcissistic corrupt self-dealing diptwat.. would not put it past him to attempt to pull off a stunt like that.

... just wondering what happens to bitcoin in a scenario where USA goes into martial law and Trump starts rounding up perpetrators of election fraud?

He has the power, some would say the constitutional duty, to protect USA against all enemies, foreign and domestic.

https://www.youtube.com/watch?v=720O_yBLrTs

... I think it's coming. Prepare yourselves for a step increase in crazy times.

Oh please. The only thing interesting coming is when Trump shits his pants from being tased after he assaults a secret service agent when he refuses to leave the white house. That is far more likely an outcome than whatever incel militia fantasies you are conjuring up.

hahahahaha

what he said.  Nutildah said it better than me.

[Hueristic]

https://twitter.com/thecryptomonk/status/1334101842079395840