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

[BitcoinGirl.Club]

Almost forgot since busy with Champions league matches LOL
Observing $18,800

Bitcoin is $200 cheaper than yesterday! 😛


Good evening WO brothers.

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[bkbirge]

Still early days guys.
https://cointelegraph.com/news/citi-downgrades-microstrategy-stock-after-bold-bitcoin-bet

Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says CEO Michael Saylor’s “disproportionate focus on bitcoin” puts investors at considerable risk, especially after an “overextended” rally since September.

[bkbirge]

For fun since there seems to be a couple space fans in the group, here's a couple time lapse vids of the SpaceX-21 cargo mission yesterday. Sped up like this it gives a much different point of view and the reality that everything is traveling 10x the speed of a rifle bullet can almost be related to.

https://twitter.com/SpaceX/status/1336349048534528001 - shows trajectory rising above ISS and closing in to dock
https://twitter.com/kiwibacon/status/1336050479823007745 - shows docking bounce

[Indymoney]

Price can not go over 20k for months.

Why not?

Because we have this problem here right now.

[xhomerx10]

Still early days guys.
https://cointelegraph.com/news/citi-downgrades-microstrategy-stock-after-bold-bitcoin-bet

Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says CEO Michael Saylor’s “disproportionate focus on bitcoin” puts investors at considerable risk, especially after an “overextended” rally since September.

 It would be nice if Saylor would adopt a buy-the-dip mentality

[Zicadis]

Price can not go over 20k for months.

Why not?

Because we have this problem here right now.

Looking at the markets right now, either this or something else caused/contributed to the big downtrend.

Dump it!

[philipma1957]

Still early days guys.
https://cointelegraph.com/news/citi-downgrades-microstrategy-stock-after-bold-bitcoin-bet

Citi analyst Tyler Radke issued a “sell” rating on MSTR shortly after the company announced it was raising more money to buy Bitcoin (BTC). Radke says CEO Michael Saylor’s “disproportionate focus on bitcoin” puts investors at considerable risk, especially after an “overextended” rally since September.

 It would be nice if Saylor would adopt a buy-the-dip mentality

If we were over  20k and in the 25-30k zone we would be overextended. the 18500-19500 zone is close to the correct amount for miners to make a decent return on investment.

I would say we have rallied to the point of where we should be for most miners.

under 15k= too low for most miners.

over 25k = too good for most miners.

I still do not worry about big shakeouts in price.  hodl as best you can people.

[JimboToronto]

Looking at the markets right now, either this or something else caused/contributed to the big downtrend.

Dump it!

Big downtrend? LOL.



Dump it?

Dump your fiat.

[BobLawblaw]

Anyone else buying dip ?

I've been doing a bit of late-nite stacking myself, over the last couple-few evenings.

Bought another $500 of dip just now...

[DaRude]

Hmmm

[Toxic2040]

Nerdle Cam courtesy of LabPadre
https://www.youtube.com/watch?v=Ky5l9ZxsG9M

[Lambie Slayer]

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

https://www.nbcnews.com/news/weird-news/former-israeli-space-security-chief-says-extraterrestrials-exist-trump-knows-n1250333

I have been contacted by a representative of the Galactic Federation and can confirm they will be buying our Bitcoin when the time is right.

[OutOfMemory]

So i finally received my "black friday" ledger nano S.
The next step was to request ledger.fr to delete my personal data from their e-commerce systems, pointing them to Art 17. of the EU's GDPR (a.k.a. "right to be forgotten").
They have to keep parts of the data, for example for legal purposes, but since the order got completed by signed delivery, they should delete the order data from their shopping server, which is accessible from the www.
A part of the procedure is to notify the requesting person of deletion asap, if possible even send some kind of proof.
I'll keep you updated on this.

L8erz

Got an email today, my request was forwarded to their internal privacy policy team.
please hold the line...

[Biodom]

So i finally received my "black friday" ledger nano S.
The next step was to request ledger.fr to delete my personal data from their e-commerce systems, pointing them to Art 17. of the EU's GDPR (a.k.a. "right to be forgotten").
They have to keep parts of the data, for example for legal purposes, but since the order got completed by signed delivery, they should delete the order data from their shopping server, which is accessible from the www.
A part of the procedure is to notify the requesting person of deletion asap, if possible even send some kind of proof.
I'll keep you updated on this.

L8erz

Got an email today, my request was forwarded to their internal privacy policy team.
please hold the line...

mixed feelings...you would not be able to ask for technical help after that, presumably.

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

https://www.nbcnews.com/news/weird-news/former-israeli-space-security-chief-says-extraterrestrials-exist-trump-knows-n1250333

I have been contacted by a representative of the Galactic Federation and can confirm they will be buying our Bitcoin when the time is right.

You too? darn it  

[l0_ola]

Looking at the markets right now, either this or something else caused/contributed to the big downtrend.

Dump it!

Big downtrend? LOL.

https://i.imgur.com/O0COkIy.jpg

Dump it?

Dump your fiat.

I'm not a experienced expert of TA, but to my mind btc is still in uptrend and it is still in the triangle
https://i.imgur.com/qOJQnW2.png

[fillippone]

<…>

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.

You should post prices in Bitcoin, even more so as fiat is not accepted.
If Bitcoin cannot be the unit of account on MS Satoshi, I don’t know where it can be.

[BobLawblaw]

FWIW, I'm converting part of my Paypal cash balances from transactions, into BTC, within the Paypal ecosystem.

I'm really angry with myself for doing that.

Already had to sell some "pocket lint" in BTC, to facilitate a refund on a USD transaction, and it asked for my SSN, before allowing me to continue.

HAR HAR IRS !!!

I SOLD THAT $25 AT A LOSS !!!

[Indymoney]

FWIW, I'm converting part of my Paypal cash balances from transactions, into BTC, within the Paypal ecosystem.

I'm really angry with myself for doing that.

Already had to sell some "pocket lint" in BTC, to facilitate a refund on a USD transaction, and it asked for my SSN, before allowing me to continue.

HAR HAR IRS !!!

I SOLD THAT $25 AT A LOSS !!!

Many issues related to paypal now coming out so my feeling is  we will soon have divorce between paypal and bitcoin.

[explorer]

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.

This scenario is pretty much a given, IMO.

IIRC Saylor had his bought on exchange.  Coinbase and others will handle the bids for your firm, and according to them, they have been doing so at below average price, and without moving the market.  That just means it will move all at once, later 

[explorer]

Good morning Bitcoinland.

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

Was over 25k a week ago, but has been under for days now.  I have yet to see 26k, but I typically only watch Kraken for CAD...  Barely hanging on to 24k right now.