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

[explorer]

Bob, are you printing the FIAT in your basement?  

Well, you see, uhh, I sold a bunch of BTC for fiat a little while back, and have cash sorta laying around after squaring away Ricks retirement, so, uhh, I'm very blessed is all I can say.

you lucky man. 

Except... Not Luck.

[d_eddie]

My TA says we are running too hot right now.  Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.  

Likely scenarios are:  

1. My TA is shit

2.  We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3.  We will stagnate at this price for 3 months and everyone will get bored

4.  This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)

5. We are going to have a mild dump heading into early January and then bounce.  

Personally I’m going with option 5.  Again I am not trading this - it’s not worth the risk.  

For what's worth, my SOMA system reports option 5 too.

[goldkingcoiner]

My TA says we are running too hot right now.  Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.  

Likely scenarios are:  

1. My TA is shit

2.  We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3.  We will stagnate at this price for 3 months and everyone will get bored

4.  This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)

5. We are going to have a mild dump heading into early January and then bounce.  

Personally I’m going with option 5.  Again I am not trading this - it’s not worth the risk.  

For what's worth, my SOMA system reports option 5 too.

Bitcoin dead! Confirmed!

[BobLawblaw]

Eth

Know that I am desperately seeking a way to cut your bitch-ass over the internet right now.

[marcus_of_augustus]

the Bitcoin carry trade: speculative counter attack to central banking collusion is under way

Saylor's "playbook" https://twitter.com/michael_saylor/status/1340679387998527489

1) borrow fiat long at ~0.75%
2) sell fiat
3) buy bitcoin
4) publish playbook to billionaires and public company CEOs

keiser talks about what's happening here ...
https://youtu.be/-9L4yLPBqDI?t=90

the carry trade https://en.wikipedia.org/wiki/Carry_(investment) is a speculative attack mechanism that currency sharks like Soros and trading arms of Goldman, UBS, Barclays, Citi, MS, etc, etc have been using for decades to manipulate currency systems, commodity markets/flows and to geopolitically influence regimes and regions into bending to their will. It is the modern weapon of international economic warfare and extreme profiteering (some times racketeering).

Most famous examples include:
Pound getting smashed out of european exchange rate mechanism in 1992 that 'broke the Bank of England' in 1992 and made Soros > GBP 1 billion in a day
Thai Baht getting attacked leading to the 1997 'Asian currency crises', S.Korea was strong-armed into handing over private gold holdings by Soros
Russian ruble and post-soviet rebuild bonds explosion
Long Term Capital Management ... google it
Gold market suppression, aka gold carry trade
Yen carry trade and extended Japanese deflationary economic contraction
.... on and on throughout the dotcom bubble, Middle East and S. American financial crises, 2008 GFC.

Now fiat currencies managed by the Central Banks will come under attack using the same mechanism. Really CB have only themselves to blame after being complicit, and even colluding with perpetrators, in many of these wealth destroying, or outright thieving, activities they have subjected whole nations to over the 50 years since fiat currencies were untethered from fixed emission standards.

[AlcoHoDL]

Have posted this before.

Watch it from start to finish. Joe Pesci won an Oscar for that performance. Totally improvised. No script.

https://youtu.be/yL9rSwrsMHw

Always like to watch it when we pump!

What happened next?  Did Pesci beat up the "your so funny guy?"

It doesn't show what happened. It was just a funny scene, I don't think Tommy DeVito (Joe Pesci) was mad at Henry Hill (Ray Liotta), he was just joking. Tommy was later killed by the mafia as payback for his unauthorized killing of Billy Batts (Frank Vincent) a mafia "made man".

The movie (Goodfellas), directed by Martin Scorsese, is based on the real lives of the characters involved. It is probably the best crime movie I've ever watched. If you haven't watched it, you definitely should!

Edit: Wikipedia pages of real-life characters:

Wikipedia — Thomas DeSimone (Tommy DeVito in the movie)
Wikipedia — Henry Hill
Wikipedia — William "Billy Batts" Bentvena

Edit 2:

Goodfellas — The Killing Of Tommy DeVito Scene

2:28 — "He's gone, and we couldn't do nuttin' about it."

Sorry for the OT, but crime stories fascinate me.

[d_eddie]

Eth

Know that I am desperately seeking a way to cut your bitch-ass over the internet right now.

Whoa whoa man... I'm innocent. It was Biodom who started! O:-)

[True Myth]

[Phil_S]

[serveria.com]

My TA says we are running too hot right now.  Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.  

Likely scenarios are:  

1. My TA is shit

2.  We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3.  We will stagnate at this price for 3 months and everyone will get bored

4.  This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)

5. We are going to have a mild dump heading into early January and then bounce.  

Personally I’m going with option 5.  Again I am not trading this - it’s not worth the risk.  

Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).

I'll go with option 4. I'm a retarded permabull after all. 3 is also possible.

Another possibility: something happened and blowoff top will happen 3 months earlier this cycle. 

[serveria.com]

Eth

Know that I am desperately seeking a way to cut your bitch-ass over the internet right now.

Whoa whoa man... I'm innocent. It was Biodom who started! O:-)

Hey, Bawb hasn't even mentioned the dreaded rusty pipe and you have chickened out already?   

[itod]

My TA says we are running too hot right now.  Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.  

Likely scenarios are:  

1. My TA is shit

2.  We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3.  We will stagnate at this price for 3 months and everyone will get bored

4.  This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)

5. We are going to have a mild dump heading into early January and then bounce.  

Personally I’m going with option 5.  Again I am not trading this - it’s not worth the risk.  

Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).

There are no facts to base 4. & 5. on them, so 3. looks most logical.

[philipma1957]

'buying' right now at about 10.6K/btc...making Bob jelly
Phil knows what I am talking about  .

My TA says we are running too hot right now.  Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.  

Likely scenarios are:  

1. My TA is shit

2.  We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3.  We will stagnate at this price for 3 months and everyone will get bored

4.  This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (not black)

5. We are going to have a mild dump heading into early January and then bounce.  

Personally I’m going with option 5.  

yes, 5, but not mild, unless 25-30% drop is mild, could last into March-ish.

I am buying mine at 75% or  20.1k a coin.

The other coins I won't mention the prices I pay for them.


off topic

I had 85 usd worth of a shit coin locked into an exchange that now wants my kyc.
So Have been day trading it back and forth with BTC Since I won't give them kyc for 85 usd worth of a shit coin.

I had 32,000 of those shitcoins stuck worth 85 usd I now have  32,000  of the same shit coins

and 0.00162 btc worth  a total of 199 usd.

If this keeps up I may have to give them kyc.

[edit] and my 365 purchased from PayPal is now  575 and a 25 dollar PayPal coupon

393 is now 624.46 plus a 25 dollar credit

[OutOfMemory]

my sunday haiku
bitcoin on a steady rise
thanks to low supply

checked WO
we have reached page parity
so what? this is fine!

el_dude gave away
bitcoin for a game to play
such good guys are rare

#thatsithaiku

[Toxic2040]

noon charts

#dyor

1h


4h


D


W

#stronghands

[d_eddie]

Eth

Know that I am desperately seeking a way to cut your bitch-ass over the internet right now.

Whoa whoa man... I'm innocent. It was Biodom who started! O:-)

Hey, Bawb hasn't even mentioned the dreaded rusty pipe and you have chickened out already?   

Imagination can be scarier, man.

[JimboToronto]

My TA says we are running too hot right now.  Currently we are at the March 2021 price and it’s only December so we are roughly three months ahead of schedule.  

Likely scenarios are:  

1. My TA is shit

2.  We are aiming for a 2013 crash (although I would say we have not yet gone parabolic so this is a lower risk)

3.  We will stagnate at this price for 3 months and everyone will get bored

4.  This time it is different^TM and This Is Gentlemen please pick the colour of your helicopter (no black helicopters please)

5. We are going to have a mild dump heading into early January and then bounce.  

Personally I’m going with option 5.  Again I am not trading this - it’s not worth the risk.  

Edit: If we make it to 15 January without a meaningful drop, options 2 & 4 become more prominent (never forgetting option 1).

My gut (call it SOMA if you want) says #2.

I'm not counting out #4 (due to institutional) or #5 (it's still early).

If so, #5 negates #2.

#4 negates all others.

Edit: Now I'm tending more toward #5. It might already be starting (below $26k).

[goldkingcoiner]

[Torque]

Is Bitcoin finished?   

[d_eddie]

Don't know why, but I have a crawling feeling of poverty...