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

[Elwar]

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.

[OutOfMemory]

The world could do with a few more chilled out dudes

Texas has entered the chat.

I guess no one liked my animation

I did  
+1 WOsMerit  

(Out of sMerit  )


Let's see where this road will take us.
I was on the verge of further selling a bit, but i have no idea how to spend the fiat, and i don't need money for finishing my house, yet.
So i just better leave this thought, for now.

As for the bull market, i try to sell high, to buy more at a later time, at about mindrust levels...

EDIT: Thanks for the merit, Bob. Will be used as destined.

[BitcoinBunny]

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.

[Searing]

Today's Date: 2/19/2021

From the current price from Coinmarketcap.com

www.coinmarketcap.com

ATH Today as of this post!

Current Price: $56,040.79 USD.

Total BTC Needed: 17.84 BTC! For 1,000,000.00 USD!

A running thread on this is located:

https://bitcointalk.org/index.php?topic=5291490.msg55894985#msg55894985

So the acceleration continues!

Brad

[Torque]

OT: Uh oh, not good news for ETH miners...

Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
https://finance.yahoo.com/news/nvidia-redesigns-graphics-cards-limit-153008702.html

...but some potentially great news:

The technology giant still plans to serve Ethereum miners, though. With the new Cryptocurrency Mining Processor (CMP), Nvidia is offering a professional mining-specific product that doesn’t “do graphics,” per the post, a move it first announced last month.

I'm sure those will cost an arm-and-a-leg though, and be scarcer than the 3080s.

[heslo]

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

[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