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

[Dabs]

Quicken probably put that as a hard limit (sanity check), since no share of any security right now is worth more than $99 million.

S&P = 3.9k, DOW = 31.5k, Nasdaq = 14.4k .. Let's look at individual stocks AAPL = 134, TSLA = 803, MSFT = 244, AMZN = 3.2k, GOOGL = 2.1k

When BTC > $99m, it's a nice problem to have.

[LFC_Bitcoin]

@matt_odell
CALLING A BITCOIN TOP HERE IS LIKE CALLING THE TOP AT $3K IN 2017, THIS TRAIN IS JUST GETTING STARTED
https://twitter.com/matt_odell/status/1361691379336945666?s=21

[AlcoHoDL]

Fuck. Seeing $4x,xxx is so boring...

I want at least a 5 in front of a 5-digit number.

Or a 6-digit number (whatever the front digit).

[Dabs]

Fuck. Seeing $4x,xxx is so boring...

I want at least a 5 in front of a 5-digit number.

Or a 6-digit number (whatever the front digit).

5 in front of a 5 digit number.
6 in front of a 6 digit number.
7 in front of a 7 digit number.

[d_eddie]

Fuck. Seeing $4x,xxx is so boring...

I want at least a 5 in front of a 5-digit number.

Or a 6-digit number (whatever the front digit).

Though, my dear, some front digits are better than others, I'd say in a gentlemanly manner. More port?

EDIT - By Jupiter! Mr. Dabs was faster than I. I'll just sip on this port a little longer.

[d_eddie]

Fuck my long was cancelled before execution because of insufficient margin (too little BTC in the marginpool) on Kraken. It was only 1.6 BTC so they must be really low on BTC's.

 I'm honestly sorry for your cancelled long but this is  r e a l l y  g o o d  n e w s!

As xhomerx10 said, good news indeed. The ask book is too thin on Kraken. I suspect the situation is similar everywhere. That's why I doubted we could slice through 50k like butter right now: someone wants to sweep out the leveraged longs first (nudge nudge, hint hint @Torque and the others).

So I'd say: expect a brutal down wick - possibly even into the low 40k's - before 50k gets crossed at speed. The psychological barrier is done with already.

[Sayeds56]

Fuck my long was cancelled before execution because of insufficient margin (too little BTC in the marginpool) on Kraken. It was only 1.6 BTC so they must be really low on BTC's.

 I'm honestly sorry for your cancelled long but this is  r e a l l y  g o o d  n e w s!

As xhomerx10 said, good news indeed. The ask book is too thin on Kraken. I suspect the situation is similar everywhere. That's why I doubted we could slice through 50k like butter right now: someone wants to sweep out the leveraged longs first (nudge nudge, hint hint @Torque and the others).

So I'd say: expect a brutal down wick - possibly even into the low 40k's - before 50k gets crossed at speed. The psychological barrier is done with already.

Bulls still maintain control.



https://www.tradingview.com/symbols/BTCUSD/ideas/

[serveria.com]

I'll be the first to admit I was wrong. We did not hit the top and my order went through. Now the price can climb or fall as much as it wants and I'll be fine either way knowing that I never have to sell again. By the next 4 year cycle there will be no fiat to sell into.

I won't be selling, I'll be buying things with bitcoins.

I cut up my credit cards years ago. I have a shitload of money on the exchange and in bitcoins but I can hardly spend any of it as I have to trade BTC with friends for a few hundred dollars here and there. I dropped all of my banks in Panama because they're assholes.

I'll let the world catch up to my lifestyle of not using banks or credit cards.

Thank God for purse.io. I was very worried when they announced a shut down last year.

That does not bode well.  

[bitebits]

... Random rant and insults...

j

So fuck off and don't read my post. Who you think you are, that you can "order" here someone to leave the board. Someone describe to me the situation without any insult. But  Big Jay Jay have to begin a rant 10h after I posted my stuff and someone gave a good explanation to it. Without any insult. What is wrong with you, I have to ask. Did you have some anger issues? Seek help and try not to insult people here. Btw maybe you said something important, but I stop reading after the first insult. So your rant went into nothing. Or did you wanted to address other people's with that? Maybe you get some credit for insulting others, don't know, but your Bla Bla didn't reach me, because you have no control over you emotions. I

Don't poke it, we have all been there 

[JimboToronto]

Good morning Bitcoinland. Gotta finish my coffee and go shovel the global warming off the front sidewalk.

Finally broke through $50k with a new ATH ($50603 Stamp) and the obligatory correction... currently $48660USD/$61700CAD (Bitcoinaverage).

The battle for $50k might take some time.

Go Bitcoin go.
_____

As far as the new poll goes:

I've been "profit-taking" for years. I spent more than I put in years ago, buying 3 properties in Mexico, doing extensive repairs and renovations and buying miscellaneous musical instruments. In fact, the day I first broke $1m, I bought a new Gallien-Kruger bass amp.

Now I'm in the process of buying a lake. Toward the deposit, I just sold one whole coin (OTC of course) for $61.5kCAD... no fees, its a seller's market.

Every month I spend a little "profit" to pay expenses.

I'm surprised how few say they haven't taken any profits. What's the point of being rich if you don't enjoy it??

[cygan]

surprised a bit that no one here has posted this video yet

https://twitter.com/i/status/1361485382861414405

 

[OutOfMemory]

...

Those who try to scare us with going to 0 talk either don't understand how exchanges work, or are hoping to make others sell, so they buy cheaper. I am not scared of any low price and that I will be at a loss temporarily (happened many times already). On the contrary, I am happy with the fact that I can buy more Bitcoins with my monthly income. The question is not how low we may go, but how high we will go! For the ignorants just two numbers - 200 price at the end of 2014 (does it matter now?!?) and stable 6K at the end of 2017 (excluding the peak 10-20K). So we are on this schedule: 4k at the end of 2018 and stable 30-40K  at the end of 2021 (with possible peak above 100K). But let's say we have more crooks like Wu, Ver and Wright to hammer the price, and SEC is still refusing to allow ETF. Then what about in 7-8 years. With almost all 21mil Bitcoins mined, and several millions lost each year, and millions of new buyers... The explosion can't be delayed much longer for sure. So, no need of FUD or nervous trading, just hodl and you won't be dissapointed by the result!

While reading, i recognized

Then what about in 7-8 years. With almost all 21mil Bitcoins mined

In reality, last BTC mined should be around 2140 by current prognosis, so 7-8 years won't work.
Difficulty problems?  

Also, several millions of bitcoin lost each year...
How?  

We'll be "almost" way before 2140. Someone even predicted before 2078 due to constantly being faster than 10 minutes mined per block (halvings are about 3 years 10 months instead of a full 4 years).

However, even assuming 10 minute blocks, we'd have "almost" all bitcoins mined by about 2040, with 20.95m BTC or more than 99% already.

Thanks for the info. My sources may be a bit outdated, it seems...  

EDIT:

As for the poll, i "already have taken profits". Yesterday, to be precise. Just a little, for funding the extension of my house. There will be subsequent takings in the near future, and as it seems about half of what i bought before winter will remain in the hodlstack.

[Hueristic]

Fuck my long was cancelled before execution because of insufficient margin (too little BTC in the marginpool) on Kraken. It was only 1.6 BTC so they must be really low on BTC's.

Nice to see they are not stupid as to try to run a fractional reserve.

[Elwar]

I'll be the first to admit I was wrong. We did not hit the top and my order went through. Now the price can climb or fall as much as it wants and I'll be fine either way knowing that I never have to sell again. By the next 4 year cycle there will be no fiat to sell into.

I won't be selling, I'll be buying things with bitcoins.

I cut up my credit cards years ago. I have a shitload of money on the exchange and in bitcoins but I can hardly spend any of it as I have to trade BTC with friends for a few hundred dollars here and there. I dropped all of my banks in Panama because they're assholes.

I'll let the world catch up to my lifestyle of not using banks or credit cards.

Thank God for purse.io. I was very worried when they announced a shut down last year.

That does not bode well.  

Ya, nervous about moving money to my bank account.

Risk an exchange going down or risk the bank freezing my account for sending money from a bitcoin exchange...and then telling me to come to the closest branch to sort it out.

[macson]

surprised a bit that no one here has posted this video yet

https://twitter.com/i/status/1361485382861414405

 

sorry but me first, you late

And awayyyy we go.

https://twitter.com/WSBChairman/status/1361485382861414405

Don't you know....pump it up

[JayJuanGee]

Now that the 50k cherry has been broken we can expect it to peep above again, then again, then we will all be bitching about how it just won't break the mark to 60k.

Personally, I am thinking that $60k should be a bit easier than $50k, but does not necessarily mean that we will break past it.  I do believe that once we actually meaningfully break above $50k and perhaps stay there a bit longer than 10 minutes, then getting into the $58 to $62.5k price arena should not take very long... but gosh... even though I consider getting into the $58 to $62.5k price arena decently rapidly as a fairly likely scenario, sure there are a lot of other minority scenarios that could end up playing out to prove such a more likely scenario to be wrong.   

[Torque]

https://twitter.com/PeterSchiff/status/1361717952102469634

"A permanent move down to zero is inevitable..."

[AlcoHoDL]

https://twitter.com/PeterSchiff/status/1361717952102469634

Is he softening up or what?

Not that I care...

[cAPSLOCK]

https://twitter.com/PeterSchiff/status/1361717952102469634

Is he softening up or what?

Not that I care...

He's been soft for years.  He's cracking now.

But him calling for 100k is bearish.   At least he's saying zero after... so he can still be fully humiliated when it is 250k.

[Arriemoller]

https://twitter.com/PeterSchiff/status/1361717952102469634

"A permanent move down to zero is inevitable..."

Well, he is right, nothing lasts forever, it will go to zero somewhere in a distant future.