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

[JimboToronto]

Good morning Bitcoinland.

We've now been going basically sideways for 2 days now... currently $39877USD/$50600CAD (Bitcoinaverage).

We all knew there would be resistance at twice last cycle's ATH. The battle for $40k rages on.

Hopefully this buying opportunity will last long enough for a $20kCAD check to clear. Yes, I finally broke down and got my first bank account in years to receive this check. Obviously I want to convert it into Bitcoin ASAP. They're holding my funds for 10 days despite the fact the check was certified.

Fuck I hate banks.

[Karartma1]

Fuck I hate banks.

I know Jimbo, we all have to deal with this shit at some point in our lives.

[ElBinBit]

There is some weird shit going on in Sweden as well The death rate is suddenly dropping for no apparent reason.

Sweden has this weird delayed reporting system where they keep adding to the death toll of a day over several weeks.  So their curve is always looking like the death toll is dropping, and is then adjusted upwards later.  

Yes, I'm aware of the lag, but I don't think it's this big, guess we will know in a months time.

[JimboToronto]

Fuck I hate banks.

I know Jimbo, we all have to deal with this shit at some point in our lives.

Hopefully my involvement with banks won't last long.

I'll keep an account open long enough to buy a property I've been eyeballing, including dealing with the capital gains tax.

Then I'll close the account and I'll be blissfully bank-free again.

Cash and Bitcoin rule.

[Wekkel]

I feel like the bears have just been throwing out pathetic attempt after pathetic attempt.

The bears are dead, long live the bulls.

And the next one is incomming ... they are not out of ammo yet!

Until we see a $4k drop without an immediate bounce back up this is nothing more than a futile attempt at causing panic. I keep seeing #stronghands in this thread and indeed that's where we are at right now, silly bears!

Not wanting to bring in altcoins but with Ethereum still hovering around $1,250 it’s clear that no one in the crypto markets is close to a panic.

[d_eddie]

Fuck I hate banks.

I know Jimbo, we all have to deal with this shit at some point in our lives.

And a previously unbanked guy like you can expect additional custom hoops to to jump through.

[philipma1957]

Well I mine

Eth
LTC
Doge

and BTC

so shit coins are fine by me.

Please tell me philipma, why did you merge and migrate your shitcoin threads into WO?
And don't tell me to acquire more BTC, because I find this investment advice as totally not cool.
That said, ETH is the queen of shitcoins and BTC's bitch, so JJ will agree with me - that if you must diversify - buy ETH, and ETH only - and that only for a limited time frame every 4 year cycle.

Hodling anything else other than king BTC, is bound to loose value over time.

I think that I mostly agree with everything that you say here, CT.. except what is this little tingilie about holding ETH for a 4-year cycle?  Who the fuck would be suggesting anything close to that in terms of assurances?

There is no level of assurance regarding holding ETH for any period of time beyond a day or two, perhaps.. that shit could go to zero with only a few days notice... .. so sure, maybe some guys might be gambling with various shitcoins like ETH and various ETH affiliated coins, but for their own good, they better be careful in terms of NOT getting trapped in any of those various shit built upon shit that (smokes and mirrors) could collapse at any time and with little to no notice.

My advice is far more sound than ct's

As he advocates holding eth and I don't

ETH
LTC
DOGE

are simply tools to get more BTC .  While ct fails to acknowledge this and advocates holding eth.

My risk of using gpus and paid off L3+ gear to mine      edit(added mine)
ETH
LTC
DOGE to get more BTC is almost, but not quite zero.

Yes... I agree with you that there is a problematic aspect of holding ethereum..  there is also a bit of a problematic aspect of supporting various shitcoins by mining them, but sure I understand that miners are incentivized by profits and if it is more profitable to mine a shitcoin and turn it into BTC than to mine BTC directly, then I can understand such motivation to direct personal hash power at such shitcoin(s) in order to transition them into BTC... that surely makes sense to me.

If the US government keeps allowing large companies to place capitol into Bitcoin, I’m going to have to assume that the US government is Satoshi and they hold all the Satoshi coins..

Something is up..
How are they now so sure Bitcoin isn’t hackable or the gov won’t turn against it..
I’m thinking they must have some assurances from higher up..

Very likely to be true.

I suspect this run continues until Biden gets sworn in or until Trump get sworn in or does a re-election.

Mean while enjoy the profits.

Get a fucking grip if you believe that there is any kind of snowball's chance in hell that Trump is staying in power.. the fucking looney dweeb, and the more surprising aspect is that some somewhat intelligent people give him any benefit of the doubt in terms of having motives that are for the good of the country.. blah blah blah.. .. any motives that he has is because he perceives them to be for the good of his lil selfie.

I do not think Trump will be in power after the 20th of January.

You should learn to read English.

" or " has a lot of meaning in my statement  which you have choose to completely misinterpret.

I think that I responded appropriately, and it seems that I am responding to what you said.. including some other posts that you made that were consistent with ideas of uncertainty in respect to whether trump might stay in power instead of biden.. and that ship sailed a while back... even though there continues to be a lot of mischief around these kinds of ideas and even gamesmanship that the dweeb is contemplating - and may have already fully blown is wadd.. whatever stupid shit that he had.. Of course, he is not going to stop creating mischief if he is left with any kind of capability to engage in such mischief... he's a self-centered fucktwat... for whatever that's worth.

A)  I hate the internet.  Very hard to communicate.

 My opinion on Trump is he like most presidents I have seen is a liar and a cheat. He simply did not give a fuck and let you and me and anyone else see his lies.

I have no uncertainty about Trump's future from Jan 21 2021 on he will not be the president of the USA.
I failed to communicate this due to my limitations of English writing on the internet.
I was trying to communicate that many on the left and the right are still uncertain about Trump and his future impact on the USA. They have decided to hedge by grabbing BTC just in case.

So I see a pullback if and when Biden is sworn in. I also see a rally later in the year.

I suspect Trump could leave the country and operate out of North Korea claiming he is the "real president" of the USA or some other move like that.  More than one country has had a losing leader do this.

[gembitz]

flash crash now or should we wait? reeee

[BitcoinGirl.Club]

Will get tested to confirm it first. The plan is to do it tomorrow. Pretty sure it's going to be positive...

What is your update?
Hope all good.


Good evening WO!
Observing @ $39,400

We had $40 and now let's move for $50k! That's my initial goal. I hope we are not far away from it.

[serveria.com]

BTFD! 

[BobLawblaw]

EDIT: $39,000 filled. Loaded up more fedbux. Dip order placed @ $38,500

Order at $38,500 cancelled. Targeting dip guzzle @ $38,000.
EDIT: $38,000 filled. Dip order placed @ $37,500.
EDIT2: $37,500 filled. Wiping off my lips for a moment. Dip order placed @ $37,000.

[UnDerDoG81]

I want to move my BTC from Bittrex to Bitstamp. Bittrex says do not sent your coins to an Segwit adress. Is Bitstamp using segwit? Sorry but I am a noob in this stuff. I see Ledger is segwit so I can not sent it there I guess.

[BitcoinGirl.Club]

I want to move my BTC from Bittrex to Bitstamp. Bittrex says do not sent your coins to an Segwit adress. Is Bitstamp using segwit? Sorry but I am a noob in this stuff. I see Ledger is segwit so I can not sent it there I guess.

If address starting with 3xxxxxx or bc1xxxxxxxxxxx then the address format is Segwit.

If they are asking not to send to Segwit then create a legacy wallet (1xxxxx) using Electrum and send the coin to the legacy wallet first.

[UnDerDoG81]

I want to move my BTC from Bittrex to Bitstamp. Bittrex says do not sent your coins to an Segwit adress. Is Bitstamp using segwit? Sorry but I am a noob in this stuff. I see Ledger is segwit so I can not sent it there I guess.

If address starting with 3xxxxxx or bc1xxxxxxxxxxx then the address format is Segwit.

If they are asking not to send to Segwit then create a legacy wallet (1xxxxx) using Electrum and send the coin to the legacy wallet first.

Thanks. What a pain in the ass, really. So Ledger starts with bc1 and Bitstamp with 3xx... Ok I sent it to Electrum first.

Edit: Exodus should also work no? There I have an 1xx adress already.

[Torque]

So is Bitcoin ded? Game over? 

[El duderino_]

So is Bitcoin ded? Game over? 

Yeah it’s Bcash atm .... but actually WTF... bcash little pump LoL

[BobLawblaw]

So is Bitcoin ded? Game over? 

No, this is the part of the game where you BTFD.

[sirazimuth]

Some dirty rotten whale is dumping Bitcoin and pumping  *******trash.

[LoyceV]

I want to move my BTC from Bittrex to Bitstamp. Bittrex says do not sent your coins to an Segwit adress. Is Bitstamp using segwit? Sorry but I am a noob in this stuff. I see Ledger is segwit so I can not sent it there I guess.

If address starting with 3xxxxxx or bc1xxxxxxxxxxx then the address format is Segwit.

If they are asking not to send to Segwit then create a legacy wallet (1xxxxx) using Electrum and send the coin to the legacy wallet first.

Thanks. What a pain in the ass, really. So Ledger starts with bc1 and Bitstamp with 3xx... Ok I sent it to Electrum first

Small correction: Addresses starting with 3xx might be Segwit, but it could also be multisig.
Those should be fully compatible, unlike addresses starting with bc1q (Bech32, native Segwit), so I assume they can send to addresses starting with 3xx.

Some dirty rotten whale is dumping Bitcoin and pumping  *******trash.

So many people still don't seem to get that altcoins, ICOs, DeFi and all other shitcoins are only created to make the creator rich. They were late into Bitcoin, create their own shitcoin, hype it, bubble it, sell it, and get more Bitcoin for themselves.

[True Myth]

Sunday BTC sale!  Fiat is flying out of my accounts...

Get it while its hot!