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

[criptix]

https://www.jpost.com/omg/former-israeli-space-security-chief-says-aliens-exist-humanity-not-ready-651405


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On a sidenote, if true i expect gold to get worthless for sure


Btw. It is 2020, all bets are off  


/edit

Also steve wozniak has a crypto company now

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[Lucius]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

Down? But MicroStrategy has just announced it will buy BTC for another $400 million - isn't that positive news?


Source

[soullyG]

RSK, the Ethereum-like sidechain for Bitcoin, is introducing a new mechanism to peg-in and peg-out, leveraging hash power and special-purpose hardware security modules.

https://twitter.com/AaronvanW/status/1336326038779883521

Who needs Ethereum anyway?  

https://bitcoinmagazine.com/articles/rsk-is-evolving-powpeg-leverages-hash-power-to-switch-from-bitcoin-to-sidechain-and-back

More info here:
https://medium.com/iovlabs-innovation-stories/building-the-most-secure-permissionless-and-uncensorable-bitcoin-peg-b5dc7020e5ec

TLDR. RSK’s 2-way peg protocol, called “the Powpeg”, has matured from its inception in 2018 as a federation to now include many decentralized qualities. The new RSK Powpeg protects private keys stored in special purpose PowHSMs based on tamper-proof secure elements (SE). Each PowHSM runs an RSK node in SPV mode, and so signatures can only be commanded by chain cumulative proof of work. Security is established in the Powpeg through the simplicity of a layered design we refer to as defense-in-depth.

As Bitcoiners value security over the latest over-hyped functionality, we expect RSK to become the first choice of DeFi for Bitcoiners. Developers have a unique opportunity to build their dApps on a money vault, instead of money Lego. We encourage all Bitcoiners and DeFi players to use RSK and benefit from our 2 years of uninterrupted 2-way peg security combined with a merge-mined consensus backed by more than 50% of Bitcoin mining hashrate.

[Globb0]

Gov coins BWUAAAAAAAHHAAAHAHA

[Toxic2040]

 

+1 WOsMerit


-----
#hodl

believe it or not these chart illustrations are incredibly bullish   
1h


the weekly time frame needs cooling off..we are close to an appropriate area imho     this does not mean today or even this month..but soonish    #dyor
W

#stronghands

[vroom]

https://www.jpost.com/omg/former-israeli-space-security-chief-says-aliens-exist-humanity-not-ready-651405


Oof size very large.gif

On a sidenote, if true i expect gold to get worthless for sure


Btw. It is 2020, all bets are off  


/edit

Also steve wozniak has a crypto company now

and it's the worst business model I have ever read about.

When someone buys WOZX, they’re buying a proxy for a stake in an energy efficiency project: typically upgrades to infrastructure, from LED lights and window glazing to thicker insulation and more efficient power generators. Energy services companies register their proposed projects with Efforce, which assesses the required investment and writes a contract outlining expected returns.

These projects are then financed by investors (or “contributors”) buying the WOZX cryptocurrency, whose transactions will be tracked on a distributed, verified online ledger called a blockchain. Once the upgrades are done, smart meters record the energy savings produced—savings that are automatically distributed to WOZX holders’ accounts as “energy credits.” These megawatt-hour credits can then be used to offset electricity bills, or be sold back to Efforce for cash.

[serveria.com]

Will have to disappoint you my little bear friends. No cheap corn this time! No $14k ($6k is out of the question) coins. We might get a correction and cheap coins (~$18-20k haha) only at $28-30k. So why wait? Get them now and let's get ready for the launch!     

[serveria.com]

Watch how traders, shitcoiners and weak hands transfer their #bitcoin
to strong hands like Grayscale, Paypal, Square, MicroStrategy etc. These BTC will disappear from the market and go into deep cold storage and stay there for years.

That's 2016/17 weak hands vs 2020/21 weak hands. 

[FIFA worldcup]

[JimboToronto]

Good morning Bitcoinland.

Still fighting for $19k... currently $18885USD/$26190CAD (Bitcoinaverage).

Coiling, coiling, coiling... getting ready to go surging past $20k and on to new heights.

Buy while the coins are still cheap.

Will have to disappoint you my little bear friends. No cheap corn this time! No $14k $16k ($6k $14 is out of the question) coins. We might get a correction and cheap coins (~$18-20k haha) only at $28-30k. So why wait? Get them now and let's get ready for the launch!     

ftfy

[LFC_Bitcoin]

Pathetic!

What is this, a dip for ants?

[cAPSLOCK]

The dynamics are currently interesting, and not like what we have seen in the past.  I am going to speculate what might be happening under the hood at this time.

-The retail exchange volumes are up, but not much yet.
-At the same time we are becoming aware of a likely large increase in OTC market volumes.  Does anyone have access to ANY of the OTC trading desk volumes?

I speculate that the OTC market is most likely fairly lit up.  And if I was a player with big money I would do the following:  I would make large purchases on the OTC markets as often as I could, and I would be strategically market dumping portions of these purchases on the retail platforms to suppress retail price, and therefore also control the OTC price since I would imagine it is connected.

Done well this could create a stable price at which to load up as much OTC bitcoin as I possibly could.

If this is being done, then it is going to multiply the fuel in the eventual rocket by bottling up all the momentum that the OTC purchases were not making in real time.  Effectively it is hedging big purchases with a short on the retail platforms.  It ends up being levered to a degree by the fact that retail volumes (at least for trade sizes) are smaller and it would not take much to move, or suppress the market.

Even if that strategy is just a paranoid fantasy, the rest about the retail and OTC markets is true without a doubt.  And even if the big players are not manipulating the whole market by the retail shops, then we will STILL see the eventual intersection of demand with supply in a magnitude never seen before.  But the fuse is lit.  And the smart money can see this (MSTR LOL).  Don;t you think they are going to do everything in their power to delay the inevitable?

And by my back of the napkin calculations there is no way for this particular market to sustain it's current course for very much longer.  Eventually the early whales will be done selling.  I wonder what Chamath is doing.  I think he is too smart to sell much.  On other other hand he's definitely in the green on his purchase.

Personally I think a drop to 14k is not very likely unless it is purposefully dumped there by the biggest players.  And though the motivation to do so is outlined as well as I can above, I just do not think that strategy is going to be able to last much longer.  The only thing that scares me are the big Central Banks and their pet governments.  They will have an incentive to use regulatory powers to crush the market while they do their late accumulation, and then "come around" loosening those regs once they have loaded up.

Interesting times.

[OutOfMemory]

The dynamics are currently interesting, and not like what we have seen in the past.  I am going to speculate what might be happening under the hood at this time.

-The retail exchange volumes are up, but not much yet.
-At the same time we are becoming aware of a likely large increase in OTC market volumes.  Does anyone have access to ANY of the OTC trading desk volumes?

I speculate that the OTC market is most likely fairly lit up.  And if I was a player with big money I would do the following:  I would make large purchases on the OTC markets as often as I could, and I would be strategically market dumping portions of these purchases on the retail platforms to suppress retail price, and therefore also control the OTC price since I would imagine it is connected.

Done well this could create a stable price at which to load up as much OTC bitcoin as I possibly could.

If this is being done, then it is going to multiply the fuel in the eventual rocket by bottling up all the momentum that the OTC purchases were not making in real time.  Effectively it is hedging big purchases with a short on the retail platforms.  It ends up being levered to a degree by the fact that retail volumes (at least for trade sizes) are smaller and it would not take much to move, or suppress the market.

Even if that strategy is just a paranoid fantasy, the rest about the retail and OTC markets is true without a doubt.  And even if the big players are not manipulating the whole market by the retail shops, then we will STILL see the eventual intersection of demand with supply in a magnitude never seen before.  But the fuse is lit.  And the smart money can see this (MSTR LOL).  Don;t you think they are going to do everything in their power to delay the inevitable?

And by my back of the napkin calculations there is no way for this particular market to sustain it's current course for very much longer.  Eventually the early whales will be done selling.  I wonder what Chamath is doing.  I think he is too smart to sell much.  On other other hand he's definitely in the green on his purchase.

Personally I think a drop to 14k is not very likely unless it is purposefully dumped there by the biggest players.  And though the motivation to do so is outlined as well as I can above, I just do not think that strategy is going to be able to last much longer.  The only thing that scares me are the big Central Banks and their pet governments.  They will have an incentive to use regulatory powers to crush the market while they do their late accumulation, and then "come around" loosening those regs once they have loaded up.

Interesting times.

Actually, this idea came to me last week, but i wasn't focused enough to write it down in a transparent, logical way.
I deleted the draft after the second attempt. Blame it on the weed 
Anyway, when bitcoin count in circulation decreases far enough, the OTC's will likely follow the shooting retail price, and fomo surge will probably eat up huge sell-offs just like that. Also, if regulation continues, these kind of market manipulations will go bust and therefore vanish sooner or later.

[True Myth]

OMG Bitcoin dropped .01%

Is Bitcoin dead!?

 

[Febo]

Personally I think a drop to 14k is not very likely unless it is purposefully dumped there by the biggest players.

Come on of course it is possible. Bitcoin was sub $14k only 6 weeks ago. Price can not go over 20k for months. But eventually it will go. And once will go at least 25k then will for sure not go to $14k ever again.

[JimboToronto]

Price can not go over 20k for months.

Why not?

[serveria.com]

World's richest people 1990-2020: https://youtu.be/a3bnNi2R8Vo

Bitcoin billionaires soon? Perhaps some WO names there?  

[Elwar]

So we have a lot of people that have been interested in coming and checking out the Crypto Cruise Ship, MS Satoshi.

The time is near. The ship arrives in Panama on December 22nd and we anchor on the Pacific side after passing through the canal on the 23rd.

We're having a New Year's Party on board then opening officially for guests on January 3rd to commemorate the first Bitcoin block.

Rates include nightly (starting at $88/night), weekly (starting at $546/week) and long term rentals (starting at $1311/month).

Reserve your room now at https://vivavivas.com

Don't bother getting out your credit card to pay, fiat is not accepted.

[wxa7115]

I thought Magic Crystal Balls^TM were rare...

It seems everybody's got one these days...

Everybody thinks they have one, but thinking and actually owning one are worlds apart.

I guess it's pretty obvious for almost every hodler that PMs are doomed. Well, not really doomed doomed but doomed in comparison with BTC. Perhaps they will keep their value compared to fiat but will drop miserably vs BTC 

I think they are still going to do well against fiat currencies, but technically speaking almost everything will do well against fiat currencies with the exception of paper assets, so they are still going to keep the charade going that gold is the best store of value while bitcoin skyrockets under the same scenario.

[cAPSLOCK]

Personally I think a drop to 14k is not very likely unless it is purposefully dumped there by the biggest players.

Come on of course it is possible. Bitcoin was sub $14k only 6 weeks ago. Price can not go over 20k for months. But eventually it will go. Ad once will go at least 25k then will for sure not go to $14k ever again.

Certainly not saying it is not possible.  It most certainly is.  I just feel like any serious dip is gonna get bought fairly aggressively.