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

[ivomm]

Looking at the hourly. Is it going up a bit too fast to be sustainable? As usual, wait and see, and like some of us would say, "be pee pared".

I notice today's pattern looks almost identical to Nov 28-30 - another Saturday-to-Monday span. Is it just chance, or are we back to seeing some weekly cycles? Could it mean anything? My SOMA system keeps silent.

Well, there is some trend noticeable in the weekends for sure. Someone is buying each weekend and this is kinda unexpected. Institutions don't buy on weekends, or do they? Grayscale added another 10K BTC's the other day, which gave a reversal to the slightly bearish week. Normally we would expect people to sell during weekends especially before xmas buying last minute stocking stuffers. Instead, it seems that average Joes became wiser and prefer to stack bitcoins. May be many will give this xmas satoshis as gifts to their loved ones?!  

This and the lack of any significant corrections is quite different from what we had in the 2016-2017 market. We just need one final push to get over 20K. May be in the next 24 hours? At least it would be stupid if the bears try to suppress the price longer. With Grayscale adding 5K BTC each day, Microshares incoming 600mil purchase and numerous institutions declaring hundreds of millions purchases with the snap of the finger, the life of the bears and manipulators never looked so dark and doomed. This is what we've been dreaming for the last 4 years! Nothing can stop the price now - china, gox, mnuchin, etc. fud is pointless. And if proudcunt clown shows up with his math and science shorting trolling, then we definitely will go to $30K very soon  

[Torque]

There is a lot of liquidity fighting for the same goods. A few institutional investors are getting in, one by one, pouring millions in.
But the retail investors are not getting in massively yet.

In December 2017 alone, the total number of Coinbase users grew by 6,8 millions. If they each invest 200$, it's 1,36B$ fresh money buying bitcoins.

https://www.statista.com/statistics/803531/number-of-coinbase-users/

The retail investors will come and there will be less and less sellers, the price could skyrock (until it crashes if there is a liquidity squeeze)

A single institutional buyer can match that $1.36B and exceed it. This is their time now, and I dare say they'll do a better job accumulating BTC than retail investors who blow their wealth on toxic waste like XRP or XVG because "it's cheap".

I agree, we'd all love to think that Average Joes combined fiat power can still push the price around, but that ship sailed a long time ago. 

Now Average Joes are just guppies along for the ride.

[True Myth]

There is a lot of liquidity fighting for the same goods. A few institutional investors are getting in, one by one, pouring millions in.
But the retail investors are not getting in massively yet.

In December 2017 alone, the total number of Coinbase users grew by 6,8 millions. If they each invest 200$, it's 1,36B$ fresh money buying bitcoins.

https://www.statista.com/statistics/803531/number-of-coinbase-users/

The retail investors will come and there will be less and less sellers, the price could skyrock (until it crashes if there is a liquidity squeeze)

A single institutional buyer can match that $1.36B and exceed it. This is their time now, and I dare say they'll do a better job accumulating BTC than retail investors who blow their wealth on toxic waste like XRP or XVG because "it's cheap".

I agree, we'd all love to think that Average Joes combined fiat power can still push the price around, but that ship sailed a long time ago. 

Now Average Joes are just guppies along for the ride.

#ThisTimeIsDifferent

[AlcoHoDL]

Man, anything below $20k is so boring...

#spoiledhodlers

[Torque]

OT: Another idiot soon to be indicted for shitcoin securities fraud.  

https://www.coindesk.com/rapper-lil-yachty-sells-out-social-token-in-21-minutes

"According to the Fyooz app, the sale brought in $276,006. Owning $YACHTY gives fans exclusive access to the Grammy-nominated artist, including surprise boxes prepared by his mom, Venita McCollum, author of the book “Raising a Rapper.”

Token owners can also receive personal items from the rapper’s career and participate in online parties with him, according to Fyooz. "

Have these people learned nothing from the ICO debacle?

When jail, bro?

[xhomerx10]

Man, anything below $20k is so boring...

#spoiledhodlers

be careful...

[hv_]

10 years the last time you were active on bitcointalk
Last thread:Added some DoS limits, removed safe mode (0.3.19)
https://bitcointalk.org/index.php?topic=2228

It was on Bitcoin.org forum... only

[OutOfMemory]

New phising attempt...

Your Device has been blocked.

Unfortunately, due to the new KYC (Know Your Customer) policy, you‘re required to pass identification:

https://docs.google.com/document/d/e/longrandomalphanumericstring/pub?embedded=true

Sincerely,
Ledger Support Team.
K41T-M3P82LK

Watch out.

[JimboToronto]

Good morn Bitcoinland.
One nine two two eight dollars
(Bitcoinaverage).

Up from yesterday,
The battle for twenty grand
Is long from over.

Maybe by year's end
We'll be ready to move on
To much greater heights.

Time is running out
To buy as much as we can
At bargain prices.

Sub- twenty thousand
Is like under nine hundred
Was four years ago.

So get your cheap coins
While we still have rock bottom
Prices while they last.

[wxa7115]

it's a fallacy, there is no such fucking thing as intrinsic value, it doesn't exist. See subjective theory of value

... and then maybe ponder for a while how it is the the human brain that "endows" things with value, that were previously without such a property, i.e. not intrinsic.

Agreed, things are valuable because of our subjective view and many times this depends on what we can do with them, a perfect and modern example of this was oil, for thousands of years farmers excavated in order to try to find underground water and cursed their luck when they found oil, why? Because we could do nothing with it and as such it was not valuable, but then we learned how to do something with it and farmers went from cursing their luck to dance in happiness when they found oil.

Another good example of subjective value and how it changes depending on our circumstances is a bottle of water and 10k dollars in a bank account, a bottle of water is not very valuable if you are in a city and the 10k dollars will be of more use in those circumstances, but if you are lost in the desert then the value of that bottle of water increases dramatically while the 10k dollars in your bank account become useless during those circumstances.

[vroom]

New phising attempt...

Your Device has been blocked.

Unfortunately, due to the new KYC (Know Your Customer) policy, you‘re required to pass identification:

https://docs.google.com/document/d/e/longrandomalphanumericstring/pub?embedded=true

Sincerely,
Ledger Support Team.
K41T-M3P82LK

Watch out.

People who fall for hardware wallet phishing attemts deserve to be scammed. They would also reveal their bank account login and credit card information.

[JimboToronto]

New phising attempt...

Your Device has been blocked.

Unfortunately, due to the new KYC (Know Your Customer) policy, you‘re required to pass identification:

https://docs.google.com/document/d/e/longrandomalphanumericstring/pub?embedded=true

Sincerely,
Ledger Support Team.
K41T-M3P82LK

Watch out.

People who fall for hardware wallet phishing attemts deserve to be scammed. They would also reveal their bank account login and credit card information.

Paper wallet users unaffected.

Not your keys, not your coins.

[ElBinBit]

Bitcoin Price in this day



Anybody, quote, please ...

[serveria.com]

There is a lot of liquidity fighting for the same goods. A few institutional investors are getting in, one by one, pouring millions in.
But the retail investors are not getting in massively yet.

In December 2017 alone, the total number of Coinbase users grew by 6,8 millions. If they each invest 200$, it's 1,36B$ fresh money buying bitcoins.

https://www.statista.com/statistics/803531/number-of-coinbase-users/

The retail investors will come and there will be less and less sellers, the price could skyrock (until it crashes if there is a liquidity squeeze)

A single institutional buyer can match that $1.36B and exceed it. This is their time now, and I dare say they'll do a better job accumulating BTC than retail investors who blow their wealth on toxic waste like XRP or XVG because "it's cheap".

Exactly, 1.36B is pocket money for big players. We are going to witness the influx of much bigger money into BTC soon. Average Joe's investment can go wrong but not institutional investor's... the money is just too big there you don't gamble with that shitload of money. If you think Paypal just decided to invest in BTC this year all of a sudden without proper investigation, market research etc think again. They could have introduced BTC option in 2018 but they didn't as they knew it was a bearish market.    

[d_eddie]

Man, anything below $20k is so boring...

#spoiledhodlers

be careful...

More than anything, don't poke her with a stick.

[Phil_S]

Very long read:
The Fraying of the US Global Currency Reserve System

[d_eddie]

No haiku today
I just thought I'd say hello
Epimenides!






#nottheusualtag

[AlcoHoDL]

No haiku today
I just thought I'd say hello
Epimenides!

#nottheusualtag

Epimenides
Was a Cretan who stated
That all Cretans lie.

#paradoxhaiku

[OutOfMemory]

It's Haiku Sunday!
Almost forgot about it,
which is no surprise.

Must been a long time
since i dropped a haiku here.
well, so here i go.

...again on my own?
Remembered this epic song.
Whitesnake, fuck the world!
 

[DaRude]

OT: Another idiot soon to be indicted for shitcoin securities fraud.  

https://www.coindesk.com/rapper-lil-yachty-sells-out-social-token-in-21-minutes

"According to the Fyooz app, the sale brought in $276,006. Owning $YACHTY gives fans exclusive access to the Grammy-nominated artist, including surprise boxes prepared by his mom, Venita McCollum, author of the book “Raising a Rapper.”

Token owners can also receive personal items from the rapper’s career and participate in online parties with him, according to Fyooz. "

Have these people learned nothing from the ICO debacle?

When jail, bro?

Tomorrow's news, Lil Yachty had a big boat accident.