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

[xhomerx10]

https://twitter.com/RobinhoodApp/status/1349040567502573570

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[strawbs]

NYSE closed GME trading?
That didn't age well. Stockfuckheads trying to scam Wallstreetbets.  

Why does Bloomberg and Google show GME at $132 and $208 suddenly now? Just a few hours ago it was ~$380-400...what happened? Just curious

The brokers have been opening for seconds at a time, just enough to allow the hedgefunds to drive the price down (probably just selling to each other), then immediately closing, thereby removing any opportunity for retail investors to buy.  Then 20 mins later the same thing happens again. The manipulation is happening in plain view but it can't go on forever. Sooner or later the market wil have to reopen properly and as long as the retail investors HODL, or keep buying, the price will have to go up.

[Dabs]

https://www.reddit.com/r/wallstreetbets/comments/l6y25u/americans_cant_buy_gme_bb_help_is_on_the_way/

It's gone international now. Canada. Kazakhstan. UK. Brazil. Netherlands. Romania. Denmark. Mexico. Australia. Lithuania. France. Norway. Singapore. South Africa. Holland. New Zealand. Ireland. Switzerland. Chile. + 13k more replies I've not bothered to read.

[Torque]

https://www.reddit.com/r/wallstreetbets/comments/l6y25u/americans_cant_buy_gme_bb_help_is_on_the_way/

It's gone international now. Canada. Kazakhstan. UK. Brazil. Netherlands. Romania. Denmark. Mexico. Australia. Lithuania. France. Norway. Singapore. South Africa. Holland. New Zealand. Ireland. Switzerland. Chile. + 13k more replies I've not bothered to read.

The Streisand effect? Lol

[PhoenixZephyrus]

NYSE closed GME trading?
That didn't age well. Stockfuckheads trying to scam Wallstreetbets.  

Why does Bloomberg and Google show GME at $132 and $208 suddenly now? Just a few hours ago it was ~$380-400...what happened? Just curious

It's called a sell-off.

You think stonks only go up? Esp without a 'buy' button? Lol  

Nah lol but I thought that there were still some apps that allowed buying GME? Is this due to the fact that most of the trades were done through RH and since that has closed buying, the sell-off is happening by the hedge funds?

As far as I understand, people on the RH can only either HOLD or sell, and most or r/wallstreetbets are holding.

NVM: Its back at $298 on Google right now, rising slowly back up.

The brokers have been opening for seconds at a time, just enough to allow the hedgefunds to drive the price down (probably just selling to each other), then immediately closing, thereby removing any opportunity for retail investors to buy.  Then 20 mins later the same thing happens again. The manipulation is happening in plain view but it can't go on forever. Sooner or later the market wil have to reopen properly and as long as the retail investors HODL, or keep buying, the price will have to go up.

How is that even remotely legal? From when is it the broker's responsibility to monitor how markets should work/not work? It seems that RH was just selling off data to these hedge funds and making money off of it.

[sirazimuth]

.....
Incoming JJG Batman slap....

Dude, you literally read my mind... I was just about to post that, word for word, lol.

....Observing GME funny business... malarkey...

[d_eddie]

NYSE closed GME trading?
That didn't age well. Stockfuckheads trying to scam Wallstreetbets.  

Why does Bloomberg and Google show GME at $132 and $208 suddenly now? Just a few hours ago it was ~$380-400...what happened? Just curious

They are preventing buys now. Not just the options - which could be construed as making some sense for the market maker, though I don't see why they should to that - but the mere underlying stocks too, which is outright outrageous. There might be a crime going on here. My financial advice: Go long popcorn!

Just tried to buy a couple shares of GME on Schwab and they wait until you actually click the Place Order button to tell you the GME security is invalid and can't be found. This whole thing is a coordinated effort to stop the short squeeze from happening.

This is a battle that will benefit bitcoin one way or another. I think we should all do our part and at least buy a share or two (if you can find a broker who will sell you one).

Edit: Actually, I kept trying and the order went through.

Same here. Got in at $222 for the lulz.

[lightfoot]

Gotta enjoy this pump and dump....

[sirazimuth]

Hey now, I think that GME trader dude just went all in on Dogecoin. (much wow, many moon)

<preparing for incoming Jay bat slap.....>

[Gyrsur]

I guess the "partners" behind the scene of RH forced them to stop the further buying of some stocks.

is the WSB dude anonymous or is his identity known? if not I guess the SEC will go against him in the next weeks and will try to put him to jail or some other incredible fine so that nobody will try such an orchestration in the future ever again.

EDIT: as Satoshi demonstrated if you want to go against the Power never show your head.

[AlcoHoDL]

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

The Streisand effect?

The things one learns in WO...

Thanks guys!

Not interested in buying GME, but it's so interesting to see the drama unfold. Are we all plugged into a Matrix universe? Have we all taken the BLUE pill? More importantly, is Bitcoin the RED pill?

[Biodom]

I guess the "partners" behind the scene of RH forced them to stop the further buying of some stocks.

is the WSB dude anonymous or is his identity known? if not I guess the SEC will go against him in the next weeks and will try to put him to jail or some other incredible fine so that nobody will try such an orchestration in the future ever again.

Instead, SEC needs to go against RH and other brokerages which are CLEARLY manipulating the market-there is no question about that.
I am still out.

[JayJuanGee]

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.

I understand where we are at, but I am still NOT going to take anything for granted, including sub-$20k.

Like I already said, it seems that the odds are quite against sub $20k (let's say within the next 3-6 months), but they could be as high as 10% or even higher than that, and 10%-ish is nothing to sneeze at.

We could look at UP too... what are the odds for $50k to get broken in the next 3-6 months or $100k in the next 3-6 months?   Are we even asserting 50% for the lower one and/or 40% for the higher one?  I don't know because I get a bit nervous attempting to assign too many specific to expectations even though assigning such values can still be a good exercise to hone in what any of us really believes to be likely and how likely we might believe those price directions might be (including giving some kind of framework to the level of realism that exists in our own thinking in terms of BTC price performance expectations). 

The particular uptrend that we seem to be in currently is also interesting because it seems way too early to determine whether we might experience largely straight UPpity for the coming 3-18 months or we might experience a kind of double top UPpity that could arguably take longer to play out - even up to 24 months - even though seemingly unusual to drag out so long - but whatever, part of the points that I am trying to make includes that I don't want to presume to many scenarios even if we might assign relatively higher values over one direction or degree (or timing) than other various outcomes - including that the bull market could end up playing out quite a bit less bullish than expected - even though we are witnessing a whole hell-of-a-lot of signs that this particular bullmarket could end up overshooting rather than undershooting the vast majority of our expectations... wait and see... wait and see..

It's not like many of us following this thread in the past few years or more have not taken adequate measures to pee pare our lil selfies for UPpity.,. so even some of the BTC skeptics who have been following this thread for the past few years have a decent amount of UPpity preparations - even though some of them do seem to complain, even while bitcoin prices are going UPpity because they have likely prepared too little for UP.. hahahahahhahaha.. whatever, there is ONLY so much that can be done and each of us has to be able to live with our own decisions in that regard.

[rolling]

I guess the "partners" behind the scene of RH forced them to stop the further buying of some stocks.

is the WSB dude anonymous or is his identity known? if not I guess the SEC will go against him in the next weeks and will try to put him to jail or some other incredible fine so that nobody will try such an orchestration in the future ever again.

Instead, SEC needs to go against RH and other brokerages which are CLEARLY manipulate the market-there is no question about that.
I am still out.

Ted Cruz and AOC agree?

https://twitter.com/tedcruz/status/1354833603943931905?s=20

[Gyrsur]

I guess the "partners" behind the scene of RH forced them to stop the further buying of some stocks.

is the WSB dude anonymous or is his identity known? if not I guess the SEC will go against him in the next weeks and will try to put him to jail or some other incredible fine so that nobody will try such an orchestration in the future ever again.

Instead, SEC needs to go against RH and other brokerages which are CLEARLY manipulate the market-there is no question about that.
I am still out.

do agree with you 100% but unfortunately we are still living within the Matrix.  #nohomo

[sirazimuth]

<Lots of on topic Jay words >

We can always count on Jay to steer the WOB thread back onto its proper on topic rails when things get a little wonky in these much wonky times.
Thanx Jay. <hat off and bow>  

  ...what's this? no bat slap?

[Torque]

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

The Streisand effect?

The things one learns in WO...

Thanks guys!

Not interested in buying GME, but it's so interesting to see the drama unfold. Are we all plugged into a Matrix universe? Have we all taken the BLUE pill? More importantly, is Bitcoin the RED pill?

One choice is much easier than the other... the r/wallstreetbets tribe just hasn't realized it yet.

[Phil_S]

‘They’re the Wall Observers, they’ve been in BTC for years’

Any chance for them getting some of your BTC ? 

[JayJuanGee]

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.

We (in this here thread) do not give any shits about your piece of shit coin that you are trying to suggest as equivalent to BTC (or your proclamation that there is some kind of broader market that merely involves BTC).

In other words, get the fuck out of here with that off topic nonsense - and spread your dreams about your pump and dump coin and your distracted thinkenings in some other location.  

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....

I resent being predictable.

   

[Gyrsur]

I just learned JJG has balls.