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

[BobLawblaw]

25k on the 25th would be poetic.

Here's hoping.

Happy Jesus Day.

[ivomm]

Meanwhile Greyscale added yesterday another 9 600BTC to their holdings, making a total of 607 270BTC. In the last 4 days they added 34 630BTC, which is by far the best record in their history!  

https://www.bybt.com/Grayscale

[AlcoHoDL]

Meanwhile Greyscale added yesterday another 9 600BTC to their holdings, making a total of 607 270BTC. In the last 4 days they added 34 630BTC, which is by far the best record in their history!  

https://www.bybt.com/Grayscale

I'm guessing that those massive Bitcoin purchases are OTC, which means that the resulting upward price movement will be delayed by some time. We should expect the price to smoothly rise because of this, on top of the usual pumps.

[JimboToronto]

Merry Xmas Bitcoinland.



A nice little Xmas ATH I see... currently $24420USD/$31430CAD (Bitcoinaverage) with an ATH of $24662 (Stamp).

Still lots of time to reach $25k on the 25th.

Go Bitcoin go. Ho ho ho.

[Torque]

another reason why we are winning:

the gov and central banks have over the last decades drank their own cool aid when manipulating the CPI in a way it never shows the real inflation. it is a basket of things one might need of stuff that gets cheaper and cheaper to produce. why did they try to make it look as if there is no inflation? obviously their mental framing was something like the french revolution, where bread got so expensive the regular folks started to starve and overthrew the feudal order.

they dont want the general public to see the real inflation. they were successful in finding a way to do this. too successful. the inflation they say does not occur while printing trillions of $ did not go into the CPI basket. it went into assets. valuable assets, scarce assets are getting expensive faster and faster. asset price inflation is here and it is real. central banks and gov thought it would be ok to let the rich "suffer" from asset price inflation since the rich aint gonna take pitchforks and protest/overthrow the order. that is a correct assumption. but what they did not see coming, what no one saw coming was that the rich are not stupid and will just sit there and get value stripped away from them. the rich have an alternative now and it is called bitcoin. they will opt out of fiat to keep their riches.

with preventing inflation for the plebs so successfully the gov and central banks created an incentive structure for the wealthy to leave the fiat game. and the wealthy will always find ways to get their cake and eat it, too.

the pitchforks are no danger. the fiat alternative is.

edited typos

Imagine losing anywhere from 7-10% of your fiat-based wealth every year...but only getting 2-3% raises (if you are lucky to get one at all)...

Oh wait, people already are:

https://chapwoodindex.com/

http://www.shadowstats.com/alternate_data/inflation-charts

[hodl_2015]

Oh shit. (my yearly taxes are based on the January 1st price.)

[philipma1957]

Ah I need to buy 5k worth of mining gear by dec 31 to help lower my taxes.

[serveria.com]

poor mindrust... 

[AlcoHoDL]

poor mindrust...  

I believe he is now into COVID-related matters... You know, vaccinations, this kind of stuff.

[eddie13]

What a blessed day!!
Bitcoin constantly gives me the feeling that I am witnessing history unfold as few others are allowed the privilege.. Maybe they see it, but I doubt most recognize the significance of what they are seeing take place..

Just incase someone does a game for $100k, I’m calling 11/5/2021

Merry Christmas all!!

[JimboToronto]

Oh noes!

Is Bitcoin dead?

 

[eddie13]

Little shakeout for weak hands, culling the undeserving..

[600watt]

Oh noes!

Is Bitcoin dead?

 

meh, them brainless dumpers. they will never get it.

observing € 19800 on stamp. i was predicting that € 10k would be a hard hurdle to climb for btc and it indeed has been. i was afraid € 20k would be the next hard level.  this is the first try, so too soon to tell. my gut feeling says price will not need another several months to leave € 20k behind.


edit: on finex there was a $2k drop all the way down to $22800.

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $24,090

Also, Merry Christmas.

[JimboToronto]

on finex there was a $2k drop all the way down to $22800.

LOL That's why we use Stamp and ignore Finex etc.

Stamp isn't polluted with leveraged margin trading. Just honest buying and selling.

[serveria.com]

Climbing back up... 

[yefi]

Man I’m regretting the fiat rainy day fund I have right now.  Fiat is the real shitcoin.  

A shitcoin that rests on violent coercion to maintain its value. Bitcoin has never used threats of violence or imprisonment to encourage its adoption.

[philipma1957]

Man I’m regretting the fiat rainy day fund I have right now.  Fiat is the real shitcoin.  

A shitcoin that rests on violent coercion to maintain its value. Bitcoin has never used threats of violence or imprisonment to encourage its adoption.

They have a lot of lawyers and guns bro.

So they do as they please.

[sirazimuth]

2020  (for normies)...  stink-stank-stunk.
2020  (for bitcoiners)...  cha-ching, cha-chang,  da pump.

Merry Xmas bros.....and remember to be generous this year, like bitcoin has been to you.

GO BITCOIN

[BobLawblaw]

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHHAA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHAHH AAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHAHA HHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHAHA HAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHAHA HAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHAHA HAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHAHA HAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHAHA HAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHAHA HAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHHA HAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHH HAHAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHA HHHAHAHAHAHAHAHAHAHHAAHA

https://twitter.com/Bitstamp/status/1342506058397474822