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

[d_eddie]

Now that the fNFT craze has ended (thanks theymos! I really enjoyed the game, I too wish it could last longer, but calendar is calendar...) well I digress, but now that the fad is over I can replace that fNFT/sql-fBTC inflation with some proper WOsMerit inflation, so here we go.

bitcoin is a lot about game theory. with so many institutions fighting over the last few bitcoin available, what would be the optimal time for a large investment to create an advantage over its competitors? maybe before or on a long weekend when the competition is on vacation?

Food for thought from a legendary in the making and official WO helicopter guy.
+1 WOsMerits

bitcoin is a lot about game theory. with so many institutions fighting over the last few bitcoin available, what would be the optimal time for a large investment to create an advantage over its competitors? maybe before or on a long weekend when the competition is on vacation?

Large investments will aim for OTC deals with predictable cost. Those without the clout for that will purchase slowly to avoid price shocks.

We talk about supply and demand affecting the price but trading is a stochastic process and sentiment is probably more important most of the time. This is why 58k is "too expensive" but a dip o 53k is also "too expensive" then when we're blasting past 73k, it will be "buy buy buy".

An old fox. Old dog? New tricks? No need. This stuff is old, "too expensive" vs. "buy buy buy". The matter is, it still works that way.

+1 WOsMerits

My point of view on this matter: I suspect most big players go OTC, so the market shouldn't be too responsive to their buys in the short term (the cAPSLOCK/Richy_T thesis basically). However, Saylor has said he likes iceberg/hidden limit buys on the ordinary books, so there is that. The answer likely lies in the middle. Perhaps?

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[Krubster]

It's not just about proudhon, guys. It's GANDALF the wizard himself that says so! We're all doomed. Cornz is going to zero soon. Should I say, weeeeee?

But... but... I don't mean to offend Gandalf, but my calculations says something else.

I have crunched the numbers, I promise!



God if I'm wrong... Maybe marcus_of_augustus can confirm with his equation?

[vapourminer]

It's not just about proudhon, guys. It's GANDALF the wizard himself that says so! We're all doomed. Cornz is going to zero soon. Should I say, weeeeee?

But... but... I don't mean to offend Gandalf, but my calculations says something else.

I have crunched the numbers, I promise!



God if I'm wrong... Maybe marcus_of_augustus can confirm with his equation?

run the numbers through this guy as a check:

https://www.youtube.com/watch?v=tN5KIUNfYGA

[Krubster]

run the numbers through this guy as a check:

https://www.youtube.com/watch?v=tN5KIUNfYGA

Thank you. That concludes it.

[Torque]

Hang on now.  Since Lauda left, can we be sure there is a woman on this forum?

Are you sure I'm not a woman?

Are you sure I'm not black?

Want to find out?

EDIT: Uhoh. Buy order @ $58.5k just got filled... Next order @ $58k
EDIT2: Oshit. Filled @ $58k. Next order @ $57.5k

Actually I have always suspected that. If you own a shitload of BTC and want to remain anonymous and keep high level of opsec you could pretend to be someone least similar to yourself, like a person of opposite sex, race, another age, nationality etc... so using this method we can easily find out Bawb is in fact a white woman, probably heterosexual, living in China or Russia? OMG!  

What about BitChick? She seemed fairly legit, Bit.Husband was less on board. She burned some BTC on missionary stuff, haven't seen her since.

 She still posts on Twitter Reddit regularly.  She said something the other day about her thinking bitcoin to $300k and hubby thinking 150k.  She never pretended to be a power-topping, gay, black cowboy though did she?  

 edit:  All those social media platforms are the same to me.  

I think that the occasional women accounts that wander into the WO thread from time to time, get turned off by all the NSFW and silly bro/misogynist shit that gets posted here on the regular. As well as all the tech/politics/religion arguments *cough* debates.

Which is why any account that hangs out here over a long-ish period of time that claims to be a "female" is full of shit (news flash: they never were a woman, they were lying the whole time)

[JimboToronto]

Good morning Bitcoinland. Now that April NFTers' Day is officially behind us, we can get back to reality.

After a splendid month of March (soaring from $49k to $59k) we can look forward to continuing this amazing bull run by going for an unprecedented 7th consecutive green monthly candle.

For now, we're still going sideways in the $5xxxx range, albeit knocking on the $60k door... currently $59315USD/$74538CAD (Bitcoinaverage).

When we finally break through, watch out.

Go Bitcoin go.

If you are buying 600mm worth OTC what's 1% to keep the price "oracle" in line?

People are probably tired of me saying this, but I just can't see how this is not what is currently in play... and it is ridonkulously bullish once it stops working.

Indeed. I've been trying to remind people about this for years but there are still some who act as if online exchange prices are strictly the result of supply and demand with "whales" being equal participants.

Obviously since most high-level holders operate over-the-counter off-exchange, they can use online exchanges mainly to dump to keep nominal prices artificially low for buying offline.

Where do people think the "bear whales" keep coming up with the coins to crash (correct) the price down periodically? Not at online exchanges.

...and the rich get richer and the poor get poorer... ain't we got fun?

[AlcoHoDL]

I hate it when I click on a link and instead of opening in a new tab, it leaves WO, and then I close the tab to return to WO, and there's no WO.

#addictedtowo

[philipma1957]

..... sideways with an uppity slant .....

That's what she said....

along with "again"

[xhomerx10]

Hang on now.  Since Lauda left, can we be sure there is a woman on this forum?

Are you sure I'm not a woman?

Are you sure I'm not black?

Want to find out?

EDIT: Uhoh. Buy order @ $58.5k just got filled... Next order @ $58k
EDIT2: Oshit. Filled @ $58k. Next order @ $57.5k

Actually I have always suspected that. If you own a shitload of BTC and want to remain anonymous and keep high level of opsec you could pretend to be someone least similar to yourself, like a person of opposite sex, race, another age, nationality etc... so using this method we can easily find out Bawb is in fact a white woman, probably heterosexual, living in China or Russia? OMG!  

What about BitChick? She seemed fairly legit, Bit.Husband was less on board. She burned some BTC on missionary stuff, haven't seen her since.

 She still posts on Twitter Reddit regularly.  She said something the other day about her thinking bitcoin to $300k and hubby thinking 150k.  She never pretended to be a power-topping, gay, black cowboy though did she?  

 edit:  All those social media platforms are the same to me.  

I think that the occasional women accounts that wander into the WO thread from time to time, get turned off by all the NSFW and silly bro/misogynist shit that gets posted here on the regular. As well as all the tech/politics/religion arguments *cough* debates.

Which is why any account that hangs out here over a long-ish period of time that claims to be a "female" is full of shit (news flash: they never were a woman, they were lying the whole time)

[xhomerx10]

Good morning Bitcoinland. Now that April NFTers' Day is officially behind us, we can get back to reality.

After a splendid month of March (soaring from $49k to $59k) we can look forward to continuing this amazing bull run by going for an unprecedented 7th consecutive green monthly candle.

For now, we're still going sideways in the $5xxxx range, albeit knocking on the $60k door... currently $59315USD/$74538CAD (Bitcoinaverage).

When we finally break through, watch out.

Go Bitcoin go.

If you are buying 600mm worth OTC what's 1% to keep the price "oracle" in line?

People are probably tired of me saying this, but I just can't see how this is not what is currently in play... and it is ridonkulously bullish once it stops working.

Indeed. I've been trying to remind people about this for years but there are still some who act as if online exchange prices are strictly the result of supply and demand with "whales" being equal participants.

Obviously since most high-level holders operate over-the-counter off-exchange, they can use online exchanges mainly to dump to keep nominal prices artificially low for buying offline.

Where do people think the "bear whales" keep coming up with the coins to crash (correct) the price down periodically? Not at online exchanges.

...and the rich get richer and the poor get poorer... ain't we got fun?

 "ain't we got fun" immediately reminded me of the Little Friskies commercial from the mid 1970's - that damned TV is a powerful tool.
 https://youtu.be/GJzygoRYqj0

[d_eddie]

run the numbers through this guy as a check:

https://www.youtube.com/watch?v=tN5KIUNfYGA

Thank you. That concludes it.

Vapourminer shows us what happens to catz who don't know enuff math & science. Dont be that cat.

When we finally break through, watch out.

If you are buying 600mm worth OTC what's 1% to keep the price "oracle" in line?

Indeed. I've been trying to remind people about this for years but there are still some who act as if online exchange prices are strictly the result of supply and demand with "whales" being equal participants.

Where do people think the "bear whales" keep coming up with the coins to crash (correct) the price down periodically? Not at online exchanges.

Says the uber-fox.

+1 WOsMerits

[BitcoinBunny]

Epliogue

[JimboToronto]

"ain't we got fun" immediately reminded me of the Little Friskies commercial from the mid 1970's - that damned TV is a powerful tool weapon.
 https://youtu.be/GJzygoRYqj0

ftfy

Thank gawd I'd already almost freed myself from TV by the 1970s.

I was thinking more of the classic from the Roaring '20s a century ago.

Here's a more recent version:

https://www.youtube.com/watch?v=qqa4x9HQXEQ

[savetherainforest]

..... sideways with an uppity slant .....

That's what she said....

I have the patience, passion and dedication for the price to crash and pump again, over and over and over again!
The price will crash accordingly then it will pump promptly as scheduled.        

[xhomerx10]

"ain't we got fun" immediately reminded me of the Little Friskies commercial from the mid 1970's - that damned TV is a powerful tool weapon.
 https://youtu.be/GJzygoRYqj0

ftfy

Thank gawd I'd already almost freed myself from TV by the 1970s.

I was thinking more of the classic from the Roaring '20s a century ago.

Here's a more recent version:

https://www.youtube.com/watch?v=qqa4x9HQXEQ

 Nice.  Hey!  That's George Clooney's mama!
 I'm familiar with that song.  Several years back, I put together a 4 CD music compilation for a friend's grandmother's 80th birthday party.  The one song she wanted which proved very hard to get was Alice Blue Gown (1920).  I ended up getting a copy from a friend at work whose father collected and redistributed oldies from England.  I don't think it originated in England but I guess it was popular there.  I'm sure I put "Ain't we got fun" in that mix too.

[BobLawblaw]

She never pretended to be a power-topping, gay, black cowboy though did she?  

Who says I'm pretending 

[Cryptotourist]

Consolidating @~$60k is a real pleasure to observe.

Can't believe we're still under 60k. We should probably be at least 62 from $ inflation alone over the last two weeks.

Damn right!

Proudhon, I'm a big fan of your meth science. However, I think you might have your numbers mixed up.

Of course it's the drugs dude.
He posts only when he's sober-ish. Else it's lala land all the way.

I think that the occasional women accounts that wander into the WO thread from time to time, get turned off by all the NSFW and silly bro/misogynist shit that gets posted here on the regular. As well as all the tech/politics/religion arguments *cough* debates.

Which brings us to our next poll: "Which user has the longest pipi?"
If that's too misogynist, we can go with the "how many kilos are the WO balls combined?"

Which is why any account that hangs out here over a long-ish period of time that claims to be a "female" is full of shit (news flash: they never were a woman, they were lying the whole time)

Well, rarely - but sometimes we get a female. I can smell it. Quantumly.

[Torque]

I know that no one wants to hear this, but with such a weak push upward on low volume, I'm thinking it might retest $57K again before making new highs.

But whaddu I know.

[Kylapoiss]

I know that no one wants to hear this, but with such a weak push upward on low volume, I'm thinking it might retest $57K again before making new highs.

But whaddu I know.

Dropping a few K before new highs at this price doesn't seem much, does it?

More so if you count it by percentage.



It's been actually great to be away for so long and not look at the charts/prices too often, maybe once in 2 months, kept my head clear and focus on other things. No plans to cash out any time soon anyways.

[OutOfMemory]

Next 24 hours are critical.