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

[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.

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.

 ... just wondering what happens to bitcoin in such a scenario ...


PS: thnx for the deranged comeback rant though, funny
PPS: i'm an outside observer, no dog in the game, you might want to look a little closer, your country is in a constitutional crisis and the MSM are totally quiet on it ... shhhh, don't mention the 81 million votes for basement Biden  lolololol

[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.

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

Oh?  That's your interpretation of what ivomm was saying.  I was attempting to get clarification of what he was saying, and at the same time, attempting to rebutt any kind of suggestion that we are NOT getting corrections of 30% to 40% in the coming future, and ivomm seemed to be suggesting a few doublings of the BTC price before such large corrections might happen.

You, Phillip, on the other hand, seem to be suggesting a possible run to $25k to $30k.. which is probably closer to what I was suggesting as a reasonable run before meaningful corrections might start... so what you are saying, Phillip, seems to be closer to what I was saying..

I could be all screwed in the head in trying to interpret, so maybe it would be helpful if ivomm clarifies a wee bit more, perhaps that would be helpful?

[600watt]

... 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.

it is very interesting to see that the same folks who think wearing a simple mask during an airborne virus pandemic is against their freedom are the same that think it's ok to declare martial law, pause all constitutional rights and have the military take over because they can't seem to find any evidence whatsoever regarding their made up fantasy world of "election fraud"

[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

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...

You are not forced to spend $3000, it's optional if you want the bonus.

Users will receive 1.5% of their purchases back in the form of the digital asset. Cardholders will also receive a bonus of $250 in Bitcoin after spending $3,000 or more within the first three months of ownership .

[nutildah]

PPS: i'm an outside observer, no dog in the game, you might want to look a little closer, your country is in a constitutional crisis and the MSM are totally quiet on it ... shhhh, don't mention the 81 million votes for basement Biden  lolololol

Dude. What lowest common denominator twitter and youtube rabbit holes do you spend your days falling down? It's all bullshit backed by nothing and everybody with half of an honest brain knows this.

You're basically the poster child of the dangers presented in that Social Dilemma movie.

On January 20th Joe Biden will take office. Let me know if you want to make a bet on it and put your money where your mouth is.

Everybody: I think I've said this before if you haven't seen The Social Dilemma, watch it! It's important that you do. And its on Netflix.

it is very interesting to see that the same folks who think wearing a simple mask during an airborne virus pandemic is against their freedom are the same that think it's ok to declare martial law, pause all constitutional rights and have the military take over because they can't seem to find any evidence whatsoever regarding their made up fantasy world of "election fraud"

This times 1,000%.

[marcus_of_augustus]

PPS: i'm an outside observer, no dog in the game, you might want to look a little closer, your country is in a constitutional crisis and the MSM are totally quiet on it ... shhhh, don't mention the 81 million votes for basement Biden  lolololol

Dude. What lowest common denominator twitter and youtube rabbit holes do you spend your days falling down? It's all bullshit backed by nothing and everybody with half of an honest brain knows this.

Doooood. I'm not on faceberg or twatters. Macro investor for 25+ years. You're being gas-lighted into thinking nothing's going on while your sitting president is on youtube telling you there's a shitload of trouble coming in a 45 min speech describing any manner of fraud in the election (cognitive dissonance got the better of you?), it's all out there if you get out of your comfort bubble and leave the security blanket of MSM behind ... you need to wake the fuck up and get into the real world ... doooood.

Sorry to burst your denial bubble but if you're open to new ideas enough to be into bitcoin you should be open to all ideas ... and the US governing bodies are in a world of shit right now ... from one half of my honest brain to the other, honest.

https://www.linkedin.com/pulse/archetypical-cycle-internal-order-disorder-ray-dalio/

btw I wouldn't waste time taking money off an argumentative little nobody pissant on a btc forum, I like bigger tables.

[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.

it is very interesting to see that the same folks who think wearing a simple mask during an airborne virus pandemic is against their freedom are the same that think it's ok to declare martial law, pause all constitutional rights and have the military take over because they can't seem to find any evidence whatsoever regarding their made up fantasy world of "election fraud"

... anything to say what it would mean for bitcoin in such a situation? ... the fact you guys are hell bent on immediately taking the discussion political is just more evidence of the derangement, anger, mind-fuck psyop the US is being subject to right now imho.

[bitebits]

Prepare for retail incoming:

[nutildah]

btw I wouldn't waste time taking money off an argumentative little nobody pissant on a btc forum, I like bigger tables.

Right that's why, and not because ultimately you know that you're wrong and too proud to admit it.



Amazing how someone could apparently accomplish so much in life yet understand so little about the world around them. That's fine. I'll just remind you of this discussion on January 20th, which should give you enough time to come up with a new conspiracy as to why things didn't pan out the way you thought they would.

[sirazimuth]

the fact you guys are hell bent on immediately taking the discussion political

Wtf do you expect dude?  
You're the one that started the the political discussion with your ignorant "a clear intellectual fraud like Obama " bullshit.
Then you proceed to post a link to the moron impotus deranged 45 minute rant of voter fraud nonsense.
And speaking of intellectual frauds, you still haven't explained that weird equation in you avatar.

derangement, anger, mind-fuck psyop the US is being subject to right now imho.

You got that right... all perpetuated by right wingnut Retrumplicans who refuse to accept they lost the election and choose to
push this ridiculous voter fraud narrative and nonsensical conspiracy theories which is all being laughed out of court.

[Phil_S]

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

Most likely

[El duderino_]

A Belgian morning pump .....

[600watt]

... 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.

it is very interesting to see that the same folks who think wearing a simple mask during an airborne virus pandemic is against their freedom are the same that think it's ok to declare martial law, pause all constitutional rights and have the military take over because they can't seem to find any evidence whatsoever regarding their made up fantasy world of "election fraud"

... anything to say what it would mean for bitcoin in such a situation? ... the fact you guys are hell bent on immediately taking the discussion political is just more evidence of the derangement, anger, mind-fuck psyop the US is being subject to right now imho.

wait, you are salivating publicly about martial law and "rounding up" folks (with no evidence, just accusations) but I was "taking the discussion political" when pointing out some asymmetry regarding the freedom you lose by wearing mask compared to losing all constitutional rights?

regarding bitcoin: civil war in the mightiest empire of history will create chaos. I don't know what degree of chaos will help the price of bitcoin, but if it is enough chaos the internet and magic internet money will not be the important things. food and ammo will be important. I don't think that the world has to collapse in order for bitcoin to shine. I rather have our civilization survive without civil war, martial law and shit like that.

[Cryptotourist]

... anything to say what it would mean for bitcoin in such a situation?

... bullish?


Conspiracy of the day: marcus vs WO

It's not working guys.

[600watt]

check out the DXY chart. $ is looking weak. in 2017 the weakening of the $ coincided with strength of bitcoin.

[nutildah]

regarding bitcoin: civil war in the mightiest empire of history will create chaos. I don't know what degree of chaos will help the price of bitcoin, but if it is enough chaos the internet and magic internet money will not be the important things. food and ammo will be important. I don't think that the world has to collapse in order for bitcoin to shine. I rather have our civilization survive without civil war, martial law and shit like that.

Whatever happens we'll still need the internet!

That's one of the reasons why the coronapocalypse has been good for bitcoin: internet infrastructure remains unaffected, yet people are trapped inside, fearful of germs and human contact. Nothing better to do than figure out how to use bitcoin. Seems like a lot of people did just that.

Without internet, however, you basically own zero bitcoins or its equivalent in fiat. So whatever end-of-days scenario people want to envision I hope it includes functioning internet.

[Cryptotourist]

Hello:

[Bitcoins101]

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

Most likely

The closest thing to martial law has been what the governors of many states have done this year. And, like the tweet suggests, in many cases private citizens just go about their daily lives as though their crazed governor is not warning them that having dinner with their relatives will lead to going to funerals with their family.

[Paashaas]

Corona stagnates in Europe.

Countries rolling out their vaccine program.

More than 200,000 new cases with 2800 deaths in a singel day in the U.S.

Los Angeles in total lockdown.

[OutOfMemory]

Anti LGBT politician escaping a drug, 25 men gang bang party through window/roof hatch when police arrives
What will his wife a Constitutional Court judge say when he gets home?
https://www.youtube.com/watch?v=jN77Pr5h0ec

coming soon: Divorced, sued, f*cked.
Maybe not in this particular order  

btw.: have you read about the "fine" €25 for each "partycipant" and €75 for the host (for not following covid orders)
Equality, right?

But remember:

Some are more equal than others

Very cheap. Think of it as an entry ticket to the party. A good encouragement for other groups to hold parties. Nice!

Sorry, my mind tricked me again 
I just read the fines were €250 and €750, respectively.
Still, pocket money for EU politics, i guess...