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

[Gyrsur]

GUYS WHEN  LAMBOOOO

buy 10 mBTC today and in 10 years you will be able to buy your Lambo. I promise you. 

Quoted for you and now we will meet after 10 years here on this thread with this all 

this is fine! 

will load 10 mBTC from a Wasabi Wallet onto a Paper Wallet in the next 24 hours and will leave it there for the next 10 years.

will post the public address later.

[marcus_of_augustus]

ok that was quite a convincing dump ... right on adam's schedule at ~32K

think we can confidently call that adamstgBit's dump ... who knows why anyone would go buy some fiat right at the beginning of potential hyperbitcoinisation, but there it is.

think we can expect other part-timers to hop off around $40k, $50k etc ... Winklevoss twins talked about 40k 5-6 years ago, I would bet they buy back some fiat around then too.

most people aren't really into bitcoin for the bitcoins, they really want more fiat from riding the bitcoin escalator ... only at the end of a hyperbitcoinisation phase will that mentality truly change ... they'll be wheeling US dollars around in a barrow ... think about that for a minute.


... also you may want  to try and wrap your head around a world where bitcoin is the global reserve money and $200 trillion in fiat-driven debt has evaporated in a singular monetary event ... I'm not saying that will happen but it is difficult to predict what happens with the current established power structures in that scenario, e.g. money == power

[El duderino_]

I have recovered some old hats and different versions of each of the following WO members

AlcoHoDL https://www.wohats.com/2019/09/alcohodl.html
Arriemoller https://www.wohats.com/2019/09/arriemoller.html
BobLawblaw https://www.wohats.com/2019/09/boblawblaw.html
bones261 https://www.wohats.com/2019/09/bones261.html
cAPSLOCK https://www.wohats.com/2019/09/capslock.html
infofront https://www.wohats.com/2019/10/infofront.html
JayJuanGee https://www.wohats.com/2019/10/jayjuangee.html
JimboToronto https://www.wohats.com/2019/10/jimbotoronto.html
Last of the V8s https://www.wohats.com/2019/10/last-of-v8s.html
El duderino_ https://www.wohats.com/2020/05/el-duderino.html

33,333 ATH Bitstamp

I got around 20 different hats, still got them all 😂

[eddie13]

Convincing?
Barely a dip imo..

Convincing to me would have been to around 25-27k for a little dump.. back to 20 would have been a pretty darn convincing pullback..

That was like nothing..
We didn’t even go down as much as we went up in 1 day..

A good dump would knock off a week of gains, not just the last half day of gains..

[marcus_of_augustus]

the same systemic risk as Mt Gox.  It’s not going to kill Bitcoin but it’s enough to put you off your cornflakes.  
 If Coinbase gets hacked, all hell will break loose. 

i wouldn't care/mind too much if Coinbase got hacked tbh. after all the shit they've dished up on bitcoin community it would be a good lesson in decentralisation and a well-deserved kick in the pants for the hubris of Brian A. etc.

and it would be graphic demonstration that no amount of regulation AML/KYC, etc, consumer protection racketeering guvmint fuckery backing up a big, fat target like Coinbase beats decentralised redundancy ...

in fact, Coinbase is probably overdue for a systemic-level hack just going on bitcoin history of exchanges and adoption wave cycles ...

[savetherainforest]

$50,000 in one hour

Sounds Legit.

[marcus_of_augustus]

Convincing?

convincing for an admstgBit-sized stash ... but mostly tongue-in-cheek

[El duderino_]

[serveria.com]

The flipside is the price is much more vulnerable to regulatory interference.  If Grayscale has regulatory problems, the price will be adversely affected. Putting regulatory issues aside, we can ask ourselves - where to from here?

Right now probably yes... but... once all other big players will go all in on bitcoin this threat will be reduced.  

Sure.  But right now Grayscale poses the same systemic risk as Mt Gox.  It’s not going to kill Bitcoin but it’s enough to put you off your cornflakes.  

Interestingly Grayscale uses Coinbase Pro custody services.  If Coinbase gets hacked, all hell will break loose. 

Funny but it's the second time today I hear about coinbase possibly getting hacked... do they have poor security record? How many times have they been hacked?  

[serveria.com]

Haha hilarious! +1 WO merit. 

[UnDerDoG81]

ok that was quite a convincing dump ... right on adam's schedule at ~32K

think we can confidently call that adamstgBit's dump ... who knows why anyone would go buy some fiat right at the beginning of potential hyperbitcoinisation, but there it is.

think we can expect other part-timers to hop off around $40k, $50k etc ... Winklevoss twins talked about 40k 5-6 years ago, I would bet they buy back some fiat around then too.

most people aren't really into bitcoin for the bitcoins, they really want more fiat from riding the bitcoin escalator ... only at the end of a hyperbitcoinisation phase will that mentality truly change ... they'll be wheeling US dollars around in a barrow ... think about that for a minute.


... also you may want  to try and wrap your head around a world where bitcoin is the global reserve money and $200 trillion in fiat-driven debt has evaporated in a singular monetary event ... I'm not saying that will happen but it is difficult to predict what happens with the current established power structures in that scenario, e.g. money == power

If I would sell my btc to fiat I would immediately invest in something else. Dont ask me what, I never researched that because not planning to sell. But never would hold fiat in big amounts.

[explorer]

What's next?  Proceed parabolic on the log chart, or stick to the 3 month channel?  Either way is  choo choo.

[heslo]

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

[sirazimuth]

.....
Funny but it's the second time today I hear about coinbase possibly getting hacked... do they have poor security record? How many times have they been hacked?  

0

[serveria.com]

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

Just another pathetic FUD attempt. Tether=scam for some bitcoiners. Every mention causes butthurt to some peeps (not me).  

[ivomm]

This is what happened on kraken BTC/EUR earlier today. It was either a n00b fat finger, or kraken's server malfunctioning (again). This is a trading feat which is the typical n00b bible in 3 steps:
1. Sell 20% lower than the other exchanges.
2. Rebuy 20% higher.
3. For better results do it regularly on kraken.

[explorer]

So serious question guys. Like clockwork with BTC going up again the no coiners or shitcoiners immediately cry that it's inflated by Tether, they're being investigated by the NYAG, blah blah blah.

What I can't work out, IF Tether is a dodgy entity and they are being investigated... WHY IN THE FUCK would you continue just printing Tethers with no abandon? None of those crying from the rooftops can answer that question so to me, it seems clear that Tether is for the most part, legitimate.

Am I wrong here? Am I missing something?

  Way too much money there for it to be uncorrupted, but they proceed as if there is no issue.  Just confident in their game, I guess.

[explorer]

This is what happened on kraken BTC/EUR earlier today. It was either a n00b fat finger, or kraken's server malfunctioning (again). This is a trading feat which is the typical n00b bible in 3 steps:
1. Sell 20% lower than the other exchanges.
2. Rebuy 20% higher.
3. For better results do it regularly on kraken.

Leverage and insufficient liquidity?

[eddie13]

Europeans scare easily? Weak hands?

[El duderino_]

Europeans scare easily? Weak hands?

I’m EU think again