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

[Toxic2040]

morning charts

#dyor


1h



birdie sings in the morning
4h



D



all these marks just mean I think we have a several weeks before we hit significant resistance to more up
W

#stronghands

[mladen00]

December,

Alcohol or Altonhold month? 

[AlcoHoDL]

Don't ever argue with conspiracy theorists.
They have aliens on their side.
You don't stand a chance.

[Torque]

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.

And you know why they don't have a position yet? Because they don't take up positions on assets like Average Joe does.

They don't want to hold the underlying commodity directly. Too messy. What they want is to take a massive 10,000X leveraged position through a derivative vehicle - an ETF. In billions of $$$.

https://markets.businessinsider.com/currencies/news/shark-tank-investor-kevin-oleary-says-he-would-buy-a-crypto-etf-2020-12-1029859503?utm_source=reddit.com

And we don't have that...yet.

[BitcoinGirl.Club]

Good afternoon WO
Observing @ $19,370

Haven't we suppressed the last ATH back in December 2017?

[dragonvslinux]

Today I feel that Bitcoin may just need a little encouragement in the short-term, something like "you can do it!" or "go on, take a leap of faith" might work.
Or more realistically, one smallish whale giving it the push in the right direction could be all that needs to happen:



Otherwise, failing to move back into the resistance area soon, we may just need to be a little more patient, make another higher low again around the VPVR ($18.6K):

Price held the $18K support level, for now establishing a bullish higher low, while now re-testing local resistance. The trend remains bullish with old resistance now confirmed as support.

Patience is a virtue.

[BitcoinGirl.Club]

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

Do they even understand bitcoin?
No!

Then why so much attention to them?

[Spaceman_Spiff_Original]

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

Do they even understand bitcoin?
No!

Then why so much attention to them?

Because they direct the flow of shitloads of money.

[Torque]

I fear/worry that 90% of retail FOMO run next year will buy 'crypto', completely ignoring bitcoin.

I'm guessing that's exactly what the establishment whale traders would like to see happen.

In early 2017, they dumped bitcoin and pumped shitcoins to the moon, literally all in the top 30 at the time, for a reason: to shake weak hands out of bitcoin.

[Saint-loup]

The monthly update:



September 2020 - so far no storm in sight, but it is getting colder for sure.

Unreal, another month already passed. Autumn has arrived, orange turned into red. Down 7.55 %, 117 pages to catch up. Does everything go down the drain? No! We are 50% up this year and I will have this month my first week off this year. Really looking forward to read you soon!

Gentlemen, I hope you are doing fine and start enjoying the season in comfort!

No update since 2 months...  
Are you okay Dunkelheit667?

[BitcoinGirl.Club]

Surprisingly no one is posting green dildos 🤣

No worries as we will touch $20K you will have too many with different colors.

But let's not forget, green is the trademark on WO 😆

[BitcoinGirl.Club]

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

Do they even understand bitcoin?
No!

Then why so much attention to them?

Because they direct the flow of shitloads of money.

To who?
Those who really do not know that the current currency system is a joke.
They legalize the papers with a shape and graphic and they can print it whenever they want and whatever amount they want.

If you have a plat to print money and if you print it then it's fake but if they print money with the same plate then it's real. There are no backing up of how much you can print. How long this system is going to sustain? After USD to have the same value that Somalian currency right now has?

Money mining LOL
https://www.youtube.com/watch?v=i77nE2gLbDY



WAKE UP WORLD!

[bkbirge]

Interesting article from the traditional investor point of view, 6 months to a year ago the recommendation was a max 1%-2% of exposure to bitcoin. Still early days.

Therefore, for investors with low- to mild-risk tolerance, perhaps a position size of 3-5% of total portfolio holdings may be appropriate. For investors with higher risk tolerance, a position size of 10% or more of total portfolio holdings may make sense.

https://seekingalpha.com/article/4392760-bitcoin-this-time-really-is-different

[Millionero]

Today I feel that Bitcoin may just need a little encouragement in the short-term

Me not care short term.  Me okay if corn droop little bit.

[FullNode]

.@Grayscale
 Bitcoin Trust bought near 2 times total #BTC  mined during Nov 2020.

https://twitter.com/Coin98Analytics/status/1334362982965362688

[philipma1957]

I think we bounce around 18880 to 20220 for the next 30 days.

[Millionero]

I think we bounce around 18880 to 20220 for the next 30 days.

Maybe we bounce around for six months.  Then six months later $150k.  Six months after that, $60k.

[FullNode]

S&P Dow Jones Indices to launch cryptocurrency indexes in 2021

LONDON (Reuters) - S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class.

The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said.
S&P’s clients will be able to work with the index provider to create customized indices and other benchmarking tools on cryptocurrencies, S&P and Lukka said in a joint statement.
S&P and Lukka hope more reliable pricing data will make it easier for investors to access the new asset class, and reduce some of the risks of the very volatile and speculative market, they said.

“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.

https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUSL1N2IJ0TG

[serveria.com]

20k today? 

[eddie13]

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 .

You're right, and I'd got that much.  But just thinking of the yearly $200 fee makes me angry. You'd have to spend 13.333 plus change just to get that back.

Not worth it at all for a measly 1.5% back..
Maybe for 3%..

The $3000 spend is no big deal though.. Easy free money there..