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

[Krubster]

HODLing $GME, $AMC, $NOK, $NAKD. Likely dumping it all Monday.

What fun. /r/wallstreetbets are sorta like us, just A LOT zanier. And way more degenerate.

It's impressive, really.

Today I learned

za·ny  (zā′nē)
adj. za·ni·er, za·ni·est
Comical or ludicrous because of incongruity or strangeness.
n. pl. za·nies
1. A comical person given to extravagant or outlandish behavior.
2. A ludicrous, buffoonish character in old comedies who attempts feebly to mimic the tricks of the clown.
[French zani, from Italian dialectal zanni, from Zanni, variant of Italian Gianni, nickname for Giovanni, John, the name of servants who act as clowns in commedia dell'arte.]

[julian071]

I also applaud those guys who stuck it to the man with those Gamestop stocks. Also shows you the power of decentralized organizing, in a way.

Totally hypocritical that regulatory institutions "are looking into" what happened, meaning looking into how they can take this decentralized power away. If you don't like stock price manipulation then there are other things you'd have to look at. But of course, they do not mind the manipulation per se, ony they want to control who's doing it - their fellow capitalists.

[Wekkel]

If it is about naked short selling, I hope this little farce will bring the much deserved scrutiny on the practice of mass naked short selling.

[Cryptotourist]

So, I am not going to proclaim any kind of support is solid - until maybe we are much above such support including that it is seeming quite likely that 4 digits are a thing of the past.. but $20k and sub $20k might seem difficult to reach but we could not proclaim sub $20k to be impossible to reach... now could we?

Well we could ... but we won't ... yet!
Likewise, I need us to consolidate above $40k.

That said, you are comparing very different quarters.
A quarter in a bear market vs a quarter in a bull market. A quarter before the halving vs a quarter after the halving.
Every day that goes by, $20k becomes less likely to visit ever again.

As for $10k, that's only a nocoiner's wet dream.

[dieselmeister]

the real estate that I maybe wanted to buy is reserved by another person ... so I have no selling pressure any more... The BTC is free to rise

[FIFA worldcup]

[dieselmeister]

ETH? Wrong Thread

[Paashaas]

Robinhood is no longer supporting purchases of new shares of $GME $AMC $BBBY $NOK on their platform.

DeleteRobinhood. Game on.

[FIFA worldcup]

ETH? Wrong Thread

Not really because ETH here just meant crypto currencies in general. Although i am not a big fan of altcoins but I think Ethereum (along with bitcoin) has a big role when it comes to the mass adoption of crypto currencies.

[Indymoney]

Robinhood is no longer supporting purchases of new shares of $GME $AMC $BBBY $NOK on their platform.

DeleteRobinhood. Game on.

Are they supporting Bitcoin to purchase ?

[dieselmeister]

ETH? Wrong Thread

Not really because ETH here just meant Crypro currencies in general. Although i am not a big fan of altcoins but I think Ethereum (along with bitcoin) has a big role when it comes to the mass adoption of cryto currencies.

Sorry, was more of a joke don't take that to serious

[xhomerx10]

GME hitting 430 in in before hours trading. A sight to see indeed, I wonder if it becomes a 100 billion dollar company.

If these gamblers are pissed at wall street and all the games they play, what ever profits they get they should plow into Bitcoin. that would be another fuck you.

Edit: 450

Edit2: Blown away by these shorts apparently GME is still 140% short, this thing could go to 10,000 if the run keeps going https://www.zerohedge.com/markets/we-have-some-bad-news-gamestop-shorts

European eToro has even stopped trading GME until NYSE opens, those fucks.

I think everywhere is going to block retail on this. Those shorts haven't even been covered yet according to ZH article. This thing could bring down a lot of people.

What do you mean by not covered yet?

I mean the shorters haven't exited their postions yet. Which means a short squeeze hasn't happened yet.

Shorters can only exit their position by buying the same number of shares they have shorted. When this happens it will add to the buying demand even more. I'm shocked that there has been no covering yet, these shorters are sitting on billions of dollars of losses.

 Maybe they're sitting on ever-increasing potential losses while waiting for Amazon, Apple and Google to shut down Robinhood.  I believe Robinhood relies on AWS + App store/Play store for dist.
Also, it would be no surprise to anyone if big gov't bailed out big finance at the expense of little guy... again.

[Paashaas]

Let's go!


https://twitter.com/CryptoBull/status/1354803042143494148

[rolling]

Without government intervention, this one Gamestop stock could topple the world economy. The losses are unlimited since there aren't enough shares in existence to cover the short and most of the people holding the shares aren't selling anyway. The shorts are actually increasing now as the price goes higher.

If the government does step in, it will just add fuel to the fire for the next stock they target (or silver).

[JimboToronto]

Good morning Bitcoinland.

The $3xxxx doldrums continue... currently $32077USD/$41160CAD (Bitcoinaverage).

Yawn... more coffee please.

ETH? Wrong Thread

Not really because ETH here just meant crypto currencies in general. Although i am not a big fan of altcoins but I think Ethereum (along with bitcoin) has a big role when it comes to the mass adoption of crypto currencies.

Crypto currencies in general? Wrong thread. 

[PhoenixZephyrus]

If it is about naked short selling, I hope this little farce will bring the much deserved scrutiny on the practice of mass naked short selling.

Absolutely, and all for it. Melvin apparently shorted 140% Gamestop stock. What's even better is the Gamestop slogan is perfect for sticking it to the man: Power to the Players

[xhomerx10]

 

[rolling]

[ivomm]

Imagine what would happen when a reddit/WO group with hundreds of millions of people arises in support of Bitcoin.   First target - $100K, next - $1mil! And then Wallstreet will collapse for good!  

[strawbs]

ETH? Wrong Thread

Not really because ETH here just meant crypto currencies in general. Although i am not a big fan of altcoins but I think Ethereum (along with bitcoin) has a big role when it comes to the mass adoption of crypto currencies.

Incoming JJG Batman slap....