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

[heslo]

Yet another ATH, not sure I'll ever tire of this

[1713913302]

1713913302

[HairyMaclairy]

Sitting at the bank today today I was pretty much cheering on their incompetence. Oh...problem with your system? Of course. Need to get the manager? Typical. Oh look...a form for your read only database. Lovely.

Thank you banks for making me rich. Never change.

Last time I was in a bank I had to deposit some foreign fiat. A messy handwritten note on the door saying they were closed for no valid reason.
Came back the following week to be greeted by a series of machines.
Why is a bank closed ever in that case?
And that was a top 20 bank.

I was in Scotland and was greeted with sign that said “Our ATM closes at 4pm on Friday and reopens at 9am Monday”.  And this was a major town.  Hilarious stuff.  

[Elwar]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

[El duderino_]

The world could do with a few more chilled out dudes

 

[d_eddie]

Arthur Hayes might be a crook, but he does write informative pieces.
Moving from GME and Robinhood to BTC (and Bitmex), Why and how? Part 1.

https://blog.bitmex.com/walkaway/?utm_source=cryptotraderdigest&utm_medium=email&utm_content=CTD

The interesting bits are in his account of what happened with WSB and Robinhood. He says he jumped on the GME wagon himself, though it might just be to get some sympathy. The self-promoting stuff is actually kept to a minimum.

>>>>Arthur Hayes might be a crook<<<<<<

I still sent you an smerit d_eddie but I remain a bit bothered by your description of Hayes - even though such description is not technically inaccurate, it just seems to be playing too much into mainstream (and of course powers that be government) vilification of him. Maybe "fugitive from the law" would be less harsh, but whatever... just thought that it is worth a comment - and sure, I might change my mind later, but I tentatively consider the USA case against Bitmex, Hayes and some of the others to be strong-arm bullying tactics, even if the USA govt might be justified in many of their concerns, perhaps?  perhaps?

My assertion that he might be a crook is not based on any factual evidence: just a few grumbling users suggesting their huge trades had been front-run, or that their liquidation (on a derivative position) was unjustified given the comparatively smaller swings in the underlying (corn). They thought and suggested that the order book was being "rocked" by some whale, in cahoots with Bitmex management etc. I have no idea how truthful or reliable those allegations are. My personal experience with Bitmex has always been a good one. I even got a "reverse margin call" once, with one of the staff taking me to Skype to advise I could take a little profit out (which I did). I just felt like a disclaimer was necessary.

In the USA vs. Hayes thing, I'm all with Hayes without a doubt. I agree it's plain bullying. The homepage explicitly said "If you are a USA citizen you can't register". Should they enforce it at a cost? They are not breaking any local laws in the country where they're registered.

This, however, has little or no bearing with the quality of that blog, always rich with technical insight, usable advice, and behind-the-scenes views of all the crypto/fintech world, with a strong (almost exclusive) emphasis on bitcoin. It is one of the few no-bullshit outlets of information about bitcoin and bitcoin trading. Apart from this month's piece about WSB etc., it is recommended reading in general.

[strawbs]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

Yeah, that's a classic tea cup and saucepan forming within a 4 year moving fibonacci spiral wave. Coupled with a spasmodic rising wank splat. It's really bullish.

[Elwar]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

Yeah, that's a classic tea cup and saucepan forming within a 4 year moving fibonacci spiral wave. Coupled with a spasmodic rising wank splat. It's really bullish.

Ya, I knew that's what it was called...just wanted to see if anyone else knew it too.

[d_eddie]

Observing 55555.

Very close to next milestone: Gold parity at 57k.

Doesn't seem that long ago when it was hitting parity with 1 oz of gold....it wasn't that long ago now I think of it...

And 1 gram before that. I remember that, too. 2013 or 2014 IIRC.

[bitcoinPsycho]

This run feels different .this run is fucking serious

[hisslyness]

This run feels different .this run is fucking serious

This cycle will be the greatest transfer of Lambos ever!

[d_eddie]

I don't get it, but OK:
https://twitter.com/hashtag/LaserRayUntil100K

Laser eyes are the bitcoiner's mark.

[BitcoinBunny]

Pumpin' for 57 it seems.

8.5% increase in entire crypto market since yesterday. 

1 trillion in BTC is nothing yet.

[marcus_of_augustus]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

... it's not a theory or TA, you're simply describing an exponential (power law) curve.

[marcus_of_augustus]

56k and rocking it!

[marcus_of_augustus]

https://www.zerohedge.com/markets/johns-hopkins-prof-sees-us-herd-immunity-april-fauci-fearmongers-2022-return-normality

Data suggests US has already achieved herd immunity to covid

[eddie13]

This run feels different .this run is fucking serious

Lot of big corps getting in..
Crazy indeed..

I expected 300k not even considering the Corp interest..
700k???

[bitcoinPsycho]

This run feels different .this run is fucking serious

Lot of big corps getting in..
Crazy indeed..

I expected 300k not even considering the Corp interest..
700k???

Its not if but when

Obviously feeling very optimistic today for some reason

[cAPSLOCK]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

But this market is not like the previous ones.  And I have no idea what that means including it might do exactly what you are predicting.

But we have never had big institutional money coming in like it might be now... 

It may never turn into an unstoppable force and an ummoveable object, but the buyers might just keep appearing while the remaining holders get tighter and tighter.  I am actually more worried this goes hyperparabolic and ends up more vol...

I am going to stop typing.  I have no idea what is coming.  I do not think we have a historical frame for it.

[600watt]

Well you want a scary thought.  How about cloning a Neanderthal from a glacier. The ethics implications are off the charts. 

they were hairy, that is for sure...

[alevlaslo]

growing to 56000 now, drop to 5600 after