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

[Cryptotourist]

This ^^ at the expense of the dollar.

Read the following outlook for an easy to follow syntheses of all this: https://themarket.ch/interview/louis-gave-inflation-will-come-back-with-a-vengeance-ld.3307

Excellent piece IMO. It voices doubts the keen observer may already have started to nurse, in plain language with a bird's view.
Thanks Wekkel.

Thanks indeed.

Very interesting to read, but he doesn't mention BTC at all.
Also he cannot hide his gold bug feelings, let alone the rest:

So, in a nutshell: Buy value stocks, buy the commodities sector, and buy emerging markets. And for the antifragile part of your portfolio, buy RMB bonds and gold.

Holly shit.
Fuck me sideways:

In a world that is reflating, Japan typically does well. And in this unfolding new Cold War between the U.S. and China, Japanese industrial companies are well positioned.

Hey I got one word for you guys. Japan.
China is the front/cover/escape goat.

Ooops:

But I’d just say that the fact that the Trump Administration decided to make semiconductors the battleground in its fight with China strikes me as extremely dangerous, given the fact that the U.S. has just lost the technology leadership baton to Taiwan. That, to me, will be the most important event in 2020, more important than Covid.

+1 WO's merit!

[AlcoHoDL]

Guys ('n' gal), this is fine.

We are virtually pinned to $36k for a while now. Yes, it's boring. Yes, we want higher. But, just pause for a moment, and think. $36k. This is a stellar value. Remember that we were at $16k not too long ago. This is a 125% increase in two (2) months! Have we become too greedy?

The fact that the price holds strong above $30k should make us all ecstatic. Sure, we all liked it when it reached $40k+, but there's no need to rush it. GTCTTWW. Patience and HoDLing will reward us all very soon. We've waited patiently for 3 years, what's another 6 or 12 months?

Not selling a single sat.
May even buy some sats (already regretting that I did not, when we were at $16k).

HoDL.

[ghandi]

Going sideways may be good for bitcoin. But it is boring for me

[Krubster]

Summary of the latest news surrounding the MtGox coins

https://blog.wizsec.jp/2021/01/earlier-mtgox-payouts-coinlab.html

TL;DR:

No, the trustee is not about to sell all of the MtGox bitcoins and crash the market. Seriously, some people make this claim up every single time.
No, the wait is not over. Even with the proposed option for early distribution, we’re still a long way from anyone receiving any payouts.
No, CoinLab has not “settled” with the trustee nor creditors. Their claim remains disputed, as it should be.
No, CoinLab does not deserve any credit and were never acting in good faith. CoinLab was insisting on continuing to hold up the process for everyone while they litigate to try to steal everyone’s money, and had to be essentially bribed so as not to obstruct this arrangement.
No, the $11M cash payment to CoinLab is not coming out of creditor assets but directly from Fortress/MGIF (one of the largest MtGox creditors) who also personally shouldered most of the risk in order to make this proposal possible.

As you can see, Fortress/MGIF not only had to bribe CoinLab to make this deal possible, but are also shouldering the primary risk from making these early payouts as large as possible. To make up for this risk, if CoinLab loses and the final payout percentage rises above 21%, the corresponding surplus from creditors who cashed out early will be paid out to Fortress/MGIF as consideration. (Early creditors keep their 21%.)

In short, Fortress/MGIF appears to have done quite some legwork behind the scenes to make this offer possible, and at first glance it seems like an attractive one: creditors who opt for early payouts get almost all of the benefit with a near-best-case payout rate, less waiting, and zero risk from CoinLab. Creditors who take the red pill and stay in the game face a significantly longer wait (although there may be interim payouts), only a slight potential upside, and a risk (however small) of an ultimately lower payout.

The early payout option doesn't sound that bad actually.

[vapourminer]

a long time ago, when Nixon stepped down, my father (military) turned and told me "you are witnessing democracy at work, and a peaceful transition of power. no bullets, no army" or something along those lines. at the time i was like "ok, cool."

guess i took for granted how immutable that seemed.

this is not aging well

[serveria.com]

Going sideways may be good for bitcoin. But it is boring for me

We have to be patient. This under 40k sideways can go on for months. Moonshot can start in August - September. I'm not saying this is going to happen but it's possible...

[Wekkel]

But I’d just say that the fact that the Trump Administration decided to make semiconductors the battleground in its fight with China strikes me as extremely dangerous, given the fact that the U.S. has just lost the technology leadership baton to Taiwan. That, to me, will be the most important event in 2020, more important than Covid.

Some time ago, I read a piece of a man with boots on the ground how China is investing in semiconductors and is razing grounds to put 5-10s of fab facilities on the map. This to ensure their own chip supplies in the near future. It was larded with pictures and other interesting stuff showing a 'war' that has not made the newspapers yet. I don't have the link unfortunately.

China is still the underdog in terms of semi-conductors but their engineers learn fast. There will be a time where China can no longer be put under pressure through the Chips/semi-conductor industries.

Interesting stuff.

[ElBinBit]

Going sideways may be good for bitcoin. But it is boring for me

We have to be patient. This under 40k sideways can go on for months. Moonshot can start in August - September. I'm not saying this is going to happen but it's possible...

BTC going to the MOON!
New ATH very SOON!!

[strawbs]

Gotta love it when
A thousand dollar jump up
Raises no comments

#a day late

[arcmetal]

In a few months, hopefully
a ten thousand dollar jump will be, meh.

[LFC_Bitcoin]

Gotta love it when
A thousand dollar jump up
Raises no comments

#a day late

Wake me up at $50,000

[600watt]

OT: Well well well, the cracks in China's veneer of perfection starting to show themselves...

https://twitter.com/TruthAbtChina/status/1350328735438925824

https://twitter.com/TruthAbtChina/status/1350516635711528963

I guess all is not well? Time for some inflation their too I suppose... lol.

Edit: Also slave labor iPhones

https://twitter.com/TruthAbtChina/status/1344826915870400514

In March/April 2020 a Rockefeller covid plan popped out from 2010. People called it a ridiculous conspiracy theory. Fact checkers claimed it false. Yet it comes true step by step. Next on the list is a forced global food shortage. I see that happening soon. In Germany they want to forbid Long-distance Transport. So trucks cant transport food to the supermarkets anymore. I dont remember all the steps of the plan. But at some point when people start to realize whats going on and protest, they mentioned to release the real killer virus with high death rate. We have this UK "Mutation" wich they warned us for for weeks.

Not saying the plan is true. Just mentioning it comes true step by step so far.

Edit: Just seeing supermarkets in London are empty as well.

jeez, another conspiracy nutter. the rich elites want to kill us.   you really believe that the german government will deliberately create a food shortage to let people die from starvation? how can anyone be that stupid, i ask myself. going a step further: how can anyone be that stupid and not shy to tell everyone in a public forum. welcome to ignore list, covidiot.
and by the way - empty shelves in UK... ever heard about brexit?

[JimboToronto]

Good morning Bitcoinland.

Still bouncing along in the mid-$3xxxx range... currently $37120USD/$47433CAD (Bitcoinaverage).

Only 2 hours and before my bank opens and I can get my cash. If only today's little rise could have waited a few hours longer.

Did  I mention that I hate banks?

Gotta love it when
A thousand dollar jump up
Raises no comments

Back in 2013 when Bitcoin was worth $37, a $1 rise or fall didn't raise any eyebrows.

Same thing.

[True Myth]

Good morning WO world.  Still bouncing around in the upper part of the main channel.

[strawbs]

Gotta love it when
A thousand dollar jump up
Raises no comments

Back in 2013 when Bitcoin was worth $37, a $1 rise or fall didn't raise any eyebrows.

Same thing.

Yup, that's the point I was making - how far we've come.

[Mbitr]

Block 666,666 not far away 

[JimboToronto]

Gotta love it when
A thousand dollar jump up
Raises no comments

Back in 2013 when Bitcoin was worth $37, a $1 rise or fall didn't raise any eyebrows.

Same thing.

Yup, that's the point I was making - how far we've come.

And as Arcmetal pointed out, when bitcoins are worth $370k each, $10k up or down will seem like nothing.

[vroom]

Michael Saylor destroys Peter Schiff with an nice igloo analogy:

https://old.reddit.com/r/Bitcoin/comments/kzujkk/michael_saylor_destroys_peter_schiff_with_this/

[BobLawblaw]

I'm starting to get the feeling it's going to be mostly sideways from here for a while, which is probably OK. Range is starting to narrow in the last couple days.

Only scooped dip @ $35k twice yesterday, and $35.5k once.

[LFC_Bitcoin]

I'm starting to get the feeling it's going to be mostly sideways from here for a while, which is probably OK. Range is starting to narrow in the last couple days.

Only scooped dip @ $35k twice yesterday, and $35.5k once.

I’d stopped buying, I have more than enough BTC to ensure money is never an issue again after this cycle. Your strategy has motivated me to have a bit of fun & set a bunch of buy orders this morning (not much per order, literally £150 worth at various levels below the current price, all the way down to $30,000).

Let’s scoop some dip