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

[El duderino_]

* fine dine

[nullius]

It is the wrath of Nemesis who punish Narcissus !

...Echo...

—Protip:  Insulting someone’s thereby alleged sources of information without facts in evidence is a fallacious argument ad hominem.  Pointing out that admitted hallucinogenic drug users have disordered thinking, and have permanently compromised their own powers of judgment, is a valid argument ad hominem.

Define that.
And define "normal" (just as a lesson)

Among other things, “normal” includes having a firm grasp of reality, and not defining new new new normals under the influence of hallucinogens.

“Disordered thinking” is defined by psychologists, q.v.

In other words, "that's like your opinion, man"

Opinions are like cunts:  Every woman has one.

[Alexander_Z]

Finally, new ATH, at least on Bitstamp (but, as I understand, not on all major exchanges) Great! I am glad that I was wrong when I thought there will be no new ATH until the next (2024) halving.

I am glad that you were wrong too... Was not too difficult to be wrong - by four years, at that.  You need some bitcoin edumacation to bring you up to speed about the power of king daddy.  You seem not to know it.. maybe even not knowing nuttin.

I think I know something, at least I have been watching it from time to time since 2011 (in autumn of 2011 I thought it was dead and 2013-2016 cryptowinter was too boring).

Still below $20k though.

Here's part of your problema.. focusing on irrelevancies.

 

I am still not sure that $20k is irrelevant. There are big sell walls at $20k and so far they have been impenetrable. The resistance is very strong. I think there is still a possibility, although a slight one, that $20k will not be broken for a long time. Yes, we had a new ATH, but it is less that 2% higher than the old one from 2017.

While people here talk about $100k and above, I am not sure that we will see even $50k until 2024. Of course, in case of widespread institutional adoption it may be different.

[xhomerx10]

* fine dine

 Fine fine is fine Mr. Elduderino_ 

 Oddly enough, I read 'fine dine' and didn't realize you wrote it any differently until you corrected yourself.

[JayJuanGee]

Finally, new ATH, at least on Bitstamp (but, as I understand, not on all major exchanges) Great! I am glad that I was wrong when I thought there will be no new ATH until the next (2024) halving.

I am glad that you were wrong too... Was not too difficult to be wrong - by four years, at that.  You need some bitcoin edumacation to bring you up to speed about the power of king daddy.  You seem not to know it.. maybe even not knowing nuttin.

I think I know something, at least I have been watching it from time to time since 2011 (in autumn of 2011 I thought it was dead and 2013-2016 cryptowinter was too boring).

Yes... perhaps you do not NOT know nuttin.

But still... something seems to be off by your perspective, including if you thought that there were boring periods in BTC's life.

I don't really know about 2011 through personal experience, but I was watching the bitcoin space since late 2013, and surely, I found it quite interesting, even between late 2013 and 2016..  I mean if you really think about bitcoin, it is a paradigm shifting invention.. that is quite amazing every 10 minutes that it pumps out another block, and ongoingly there have been new businesses coming and going in bitcoin and some of them successfully evolving, too..  so I am having some difficulties relating to your finding bitcoin to be boring perspective.

Still below $20k though.

Here's part of your problema.. focusing on irrelevancies.

 

I am still not sure that $20k is irrelevant.

Part of my point is not just $20k by itself, but how the BTC price got to nearly $20k from around $10k in early September.

BTC prices pretty much doubled and broke through at least three resistance points in the $12,500 arena, $13,880 and $17,250, and you seem to want to focus upon the fact that it did not quite make it above some kind of symbolic (or maybe self-selected point) of $20k, when it just got into the region in the past week or so?  You are either disingenuous or a troll to be focusing on such nonsense and trying to make some kind of supposedly meaningful bearish point out of it.

There are big sell walls at $20k and so far they have been impenetrable.

So what?


They did not look very BIG to me.

Right now as I am typing this post, the BTC price is at about $19,370 and there are 811BTC on the order books until $20k.  Seems like a BIG so fucking what, to me.. and sure, maybe we will not penetrate above $20k in the coming days or even in the coming months, and still it remains a big so what.  The fact of the matter is that we are here, and in early September we were at $10k-ish.. so that IS the BIG SO WHAT... not your opportunistic and self-serving naysaying about not breaking above $20k, yet .. blah blah blah.

The resistance is very strong.

Perhaps.  I could give few shits.

I do suspect that we will break above $20k before we break below $10k.. so there is that angle to consider, too.

I think there is still a possibility, although a slight one, that $20k will not be broken for a long time.

Yes.. even you are admitting that the possibility is slight.

And, we should acknowledge that anything is possible, but I don't arrange my financial life around the slight possibilities.. I arrange my life around more likely possibilities..

Hopefully, you are doing the same.. though you seem to be having trouble recognizing where we are at, exactly... in regards to bitcoinlandia.. and appreciating where we are at.. and perhaps your lack of appreciation has to do with your failure/refusal to either stack enough coins or selling too many coins too soon.

Yes, we had a new ATH, but it is less that 2% higher than the old one from 2017.

That was ONLY 4 days ago.. so I don't know what you are harping on.

Maybe you need to zoom ur lil selfie out a bit?  Four days is hardly shit, even in bitcoinlandia.

While people here talk about $100k and above, I am not sure that we will see even $50k until 2024.

Good for you.  Hopefully you are not too poor.. or maybe you don't mind being poor.

Of course, in case of widespread institutional adoption it may be different.

Bitcoin does not need widespread institutional adoption to go above $50k.. but widespread institutional adoption may well bring BTC prices above $1million by the end of 2025-ish... 2024 is 4 years from now.. you should be looking at the end of 2021 and the end of 2025.. don't you know nuttin?

[xhomerx10]

~snip

Opinions are like cunts:  Every woman has one.

~snip

 This is impossible since not every woman has a man.

[cAPSLOCK]

I just had a thought.

Say the big boys were buying OTC.  Banks, even central banks? Etc.

Wouldn't they be incentivized to sell a percentage of what they were buying on the retail market to keep retail prices as low as possible while they were doing deals in the dark?

I would be if I were them.

Since bitcoin has such a thin float they would not have to sell much to keep the rise at bay.  If I were not lazy I would do a little due diligence to see if the evidence supports or refutes this idea.

[xhomerx10]

I just had a thought.

Say the big boys were buying OTC.  Banks, even central banks? Etc.

Wouldn't they be incentivized to sell a percentage of what they were buying on the retail market to keep retail prices as low as possible while they were doing deals in the dark?

I would be if I were them.

Since bitcoin has such a thin float they would not have to sell much to keep the rise at bay.  If I were not lazy I would do a little due diligence to see if the evidence supports or refutes this idea.

 Cross-market manipulation is illegal in most developed countries; it would be a bad idea for a large corporation to be involved in such a scheme.
 

[nullius]

~snip

Opinions are like cunts:  Every woman has one.

~snip

 This is impossible since not every woman has a man.

+1 WOsMerit for understanding that part of my fully intended double treble meaning.

The quantum mechanical paradox of cunts is that one cunt can have multiple women.


But how can f(woman) not be injective to cunt?  

#nohomomorphism

* nullius is a →

inb4 someone pops up and makes me explain that a “nerd” is not necessarily a humourless autist.

[explorer]

I just had a thought.

Say the big boys were buying OTC.  Banks, even central banks? Etc.

Wouldn't they be incentivized to sell a percentage of what they were buying on the retail market to keep retail prices as low as possible while they were doing deals in the dark?

I would be if I were them.

Since bitcoin has such a thin float they would not have to sell much to keep the rise at bay.  If I were not lazy I would do a little due diligence to see if the evidence supports or refutes this idea.

    Possible, for sure, however apparently not so difficult to buy big on-exchange.  How deep is OTC liquidity?  I would expect that to dry up before overall exchange liquidity.

 Cross-market manipulation is illegal in most developed countries; it would be a bad idea for a large corporation to be involved in such a scheme.
 

I would expect such from CBs and the largest corps.   Is the current lock-step action purely a result of an instant arbitrage army?  Never used to work that way.  I expected it to be tighter as markets mature, but wow.  'The Big Boys' tend to run 'The Big Scams',  and they do get more sophisticated with experience, to dupe more people and escape detection longer.

  What a bargain:  Accumulate vast BTC holding through shady practices, get caught, pay a dollar denominated fine years down the road.  Sorry, where's the disincentive?
 

[Wekkel]

It's coming 

[explorer]

   We left the channel under duress, and returned as quickly as possible.  Tenaciously crawling toward The Line.

[Millionero]

anagram for JayJuanGee:  a jejune gay
#nohomo

[Heater]

All we need now is a pump for ants to get us over $20k.

Is that too much to ask?

[sirazimuth]

How to get a pathetic troll wound up in two easy steps.
1. Press their hissy fit button
2. ghost them

Oh yeah... don’t quote them either.

[lightfoot]

While it would be cool to have a run over 20k, the very fact that it has been sitting in the 19k's for days now is just causing me to giggle like Skeletor.

[EatonABooger]

While it would be cool to have a run over 20k, the very fact that it has been sitting in the 19k's for days now is just causing me to giggle like Skeletor.

Skeletor... man that brings back memories...     and

"Go Joe"   ha ha

[jojo69]

[True Myth]

While it would be cool to have a run over 20k, the very fact that it has been sitting in the 19k's for days now is just causing me to giggle like Skeletor.

Hahaha I'm "occasionally" checking the price throughout the day and then saying to myself "Not yet..."

It is pretty awesome to see what looks like stability at these numbers. I suspect we won't stay here for much more than a week before some volatility returns.

[OutOfMemory]

—Protip:  Insulting someone’s thereby alleged sources of information without facts in evidence is a fallacious argument ad hominem.  Pointing out that admitted hallucinogenic drug users have disordered thinking, and have permanently compromised their own powers of judgment, is a valid argument ad hominem.

Define that.
And define "normal" (just as a lesson)

Among other things, “normal” includes having a firm grasp of reality, and not defining new new new normals under the influence of hallucinogens.

"normal" means defined by (some) norm, which in turn is defined by majories.
For example, say if more than 50% of all human males would have a second dick growing out of their forehead, it would be defined as "normal".
Few understand this. (i was waiting a long time to write this statement, but now that it fits...)
Normal is not a rule, nor a substitute for correctness or truth.

As an observer, what we humans generally are, we can't tell what is "reality", but only what we observe as "reality".
That's a philosophical core-issue, as well as the perception of reality as a central aspect of psychology.

I don't glorify the use of drugs. It's something only real adventurers should do. By "real" i mean being aware of dangers and consequences, and taking the risk to take them. But here's a

Pro Tip: Psychoactive drugs let you temporarily "switch" or "extend" (or "expand", as some are saying) "reality", so the user is able to become aware of the true nature of "reality", by applying falsification, THE basic standard scientific procedure.

"Normal" people aren't able to falsify their observation of reality. So "normal" in that regard is like being handicapped in checking reality for negative plausibility.

Like it or leave it.
Surprise me. #nohomo

“Disordered thinking” is defined by psychologists, q.v.

Disordered thinking: A failure to be able to "think straight." Thoughts may come and go rapidly. The person may not be able to concentrate on one thought for very long and may be easily distracted, unable to focus attention.

So, you think so. Interesting. I haven't read yet texts by somebody on WO that would connect to that definition.
Wait, excluding myself (for immune reasons), it seems your postings don't fit too bad to an imaginary author suffering from these kind of disturbance, defined above.

Mr. Watson?