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

[-CryptoViking-]

[d_eddie]

Oh who the f*ck dumping bitcoins? Price was $28.2k when i was sleep and now it's $26.2k

Paltry volume. Looks like retail. Whales do OTC anyway. Maybe the first Asian traders? Nah, too early for that. Let's wait for Shanghai 8:00 and see. A small correction wouldn't mean much, I think. Or a larger one, for that matter. This is the year we get into the stratosphere - if not to the moon altogether.

[NeuroticFish]

Thanks for giving us a new target.

We will need it when Bitcoin goes $500000+.

I can wait a couple more years, no rush. That's what HODL is about.
Also keep in mind that until then WO post count could even double...

[cAPSLOCK]

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 think it's 4 and 5.

[lightfoot]

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).

Gotta have at least one black helicopter. It's a fashion statement.

But to be honest if things stay >20k I'll still be amazed. This 28k stuff is beyond nuts.

[d_eddie]

@Infofront

I think we might have a juicy poll here!

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.  

[cAPSLOCK]

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.

I think there are tons of facts for #4.

-Bitcoin has grown to a gigantic half trillion dollar network.
-Bitcoin is still ONLY worth a half trillion dollars.
-BIG money individuals and smaller organizations starting to take positions.
-Those who think it is a ponzi/tulips/bubble/pets.com/myspace will not But MANY MANY others will.
-Large institutions *beginning* to take positions.
-The biggest commercial banks and investment firms gone from "it's garbage" to "We expect 300k-600k BTC".
-There has been unprecedented OTC buying.  Never in Bitcoin's history has the OTC market been so hot.
-Much analysis has been put into how much is left for early whales to sell etc.  Not much agreement other than it's probably not much.
-Governments attacking tokens the qualify as securities but not Bitcoin effectively.
-At least one central bank openly endorsing bitcoin use.

And the craziest part.  All the people realizing what bitcoin is at this point?  Are also realizing that the fire is lit and they cannot wait to take aposition without it being costly.

That feedback loop Satoshi mentioned?  Yeah the fact it was ever worth ANYTHING is the miracle.  But as to where it goes?  That part is just getting started.

[cAPSLOCK]

-Bitcoin has grown to a gigantic half trillion dollar network.
-Bitcoin is still ONLY worth a half trillion dollars.

Sorry to arrogantly quote myself.  But that right there is the thing.

I don't think we understand how rare this is (it's just my gut).

If Bitcoin is to be a success it will have to reach escape velocity. - IT HAS.
If Bitcoin is to be a success it will be worth at LEAST a significant fraction of gold to a multiple of gold. - IT IS NOT.

It is currently the least likely to fail as it ever has been.  And yet is only worth a tiny fraction of what it should/could be if it's not going to fail.

It's like some sort of financial eclipse.  But the kind that only happens once in the history of the world as opposed to every thousand years or something.

It will make kangs.

Gentlemen.

(OK - yeah... that's too bullish... but I can't stop. Somebody stop me!)

[xhomerx10]

Would you look at that. I just ranked up as a Full Member. You all know what that means, I'm eligible for a hat. @xhomerx10, what's up?

 Man, I am so sorry!  I knew I had a todo list somewhere.  Thanks for the reminder (and the image - that helped immensely).



avatar-sized

[d_eddie]

-At least one central bank openly endorsing bitcoin use.

Which one? Got a link?

[cAPSLOCK]

-At least one central bank openly endorsing bitcoin use.

Which one? Got a link?

Iran.

https://asiatimes.com/2020/10/iran-to-use-bitcoin-to-fund-imports/

And of course that will come with more Bitcoin bad boy status... but the most extreme use cases are the crucible in which the deepest legitimacy is formed.

[BobLawblaw]

$26,200 and $26,100 orders eaten @ Gemini. Let's see how long $26,000 holds for another $250.

[xhomerx10]

$26,200 and $26,100 orders eaten @ Gemini. Let's see how long $26,000 holds for another $250.

 Keep buying!  It's working

[El duderino_]

$26,200 and $26,100 orders eaten @ Gemini. Let's see how long $26,000 holds for another $250.

 Keep buying!  It's working

Indeed.... keep buying .... you doing a good job

[ivomm]

This bull run looks rather different from anything I've ever seen. It is like a volcano eruption. A volcano that looked sleeping for the past 3 years. People were walking on it seeing only 6K-7K smokes here and there. And now all this potential that was artificially supressed by leverage shorts has erupted. There is so much positivity everywhere, it is nothing like 2017 year. And there are too many waiting on the sidelines for a bigger correction to enter. Nope, Bitcoin is not ded! Or perhaps, Bitcoin had "died" so many times before, that now it is in an apocalypse zombie mode - nobody can stop it anymore!  

[janggernaut]

Well congrats for those who bought the dip

[cAPSLOCK]

LOL... it's Sunday night.

LOL

[BTCaesar]

I have always thought that Elon Musk is behind of BTC... 

[vapourminer]

LOL... it's Sunday night.

LOL

yeah. but.. are we rich again or poor again? its like kinda blurring together now.

[AlcoHoDL]

LOL... it's Sunday night.

LOL

yeah. but.. are we rich again or poor again? its like kinda blurring together now.

It's so good being poor, when you know that next morning you could be rich AF.
Not to mention 2021, when the pink helicopter orders will start rolling in.