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

[Biodom]

New prediction: Market dominance on the verge of starting to flip over from Alts to Bitcoin soon-ish.
(No financial advice)

It's quite possible, alts seem to be peaking right now and bitcoin is accelerating (at least for a time being).

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[eddie13]

Henry Ford proposed an "energy currency" as the foundation for the world's financial system in 1921. A century later, we have #Bitcoin
https://twitter.com/DocumentingBTC/status/1386406362209345540?s=20

I have been looking into the feasibility of such a thing a lot lately. I believe Saylor has looked into it in depth as well as I noticed that he mentioned some of the numbers on energy loss on transferring over distances.

I believe it would require superconductor technology close to room temperature for it to be feasible but I think the implications of such a thing would be awesome.

Imagine having a thumb drive with 10kWh on it that you could transfer 1kWh to someone in a few seconds. Something that you can take home and plug into your house and have a night's worth of energy or get paid for 2 weeks of work and it gets transferred to your car which you can plug into your home and top up your hot wallet as needed.

This would encourage advances in energy storage and creation. The world would be abundant in energy such that we could have a lot of very advanced technology, translating very well into moving into space. Even such that people mine space for energy with more efficient generation closer to the sun while transferring energy back to Earth.

The only thing standing between us and that type of currency is technology. Technology that advances yearly at an exponential pace the closer we get to it.


As for the whole meat thing...I suspect that the media is working in overdrive as they support the NWO plan on getting us all to eat cockroaches. I just can't believe that people on this board are spouting off the propaganda as if it's all true. People who know how much they lie about Bitcoin and still believe their lies about meat. It's a damn shame. Maybe the media has been too kind to Bitcoin...it was perhaps a better filter when it was being attacked as just being used for drugs on the darkweb.

Henry Ford wrote many interesting things, another I recall quite related to Elwar’s last paragraph there..
The International .. who?
It’s slipping my mind at the moment.. The International something, by Henry Ford..
google DuckDuckGo it..

[DaRude]

Really? lower 50% now own more land/resources than ever before? Cause this is a bitcoin forum and surely you wouldn't try to deceive by measuring "wealth" of lower 50% in absolute 2021 US dollars now would you?

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number? Why was it fine at 35% in the 70s but now only a dirty commie would suggest bumping it to 21%? Following your logic on how filthy rich are more efficient than poor, then it'll be logical to raise taxes on poor and middle class (there's 0 chance they'll get us to Mars) and lower it for ultra rich? Then just hope really really hard that out of hundreds of billionaires that spend their money on hookers and blow and writing their names to be seen from space (as their rightfully should, it's their damn money , new idea for Bob?) the next one hopefully turns out like Musk and decides to find cure for cancer?

This is just the US but the whole world is on a similar trajectory as long as we don't ruin it by some shortsighted socialist policies.
https://fred.stlouisfed.org/series/WFRBLB50107

Well, then why have brackets for everything else and leave 20% cap gain static for ultra wealthy, what makes it such a perfectly balanced number?

Because investment money is what allows businesses to be created, expanded, and to create jobs. Jobs aren't magical things that appear on their own. More taxes on investment money means less investment. You're not going to fix any of the wealth gap by increasing taxes anyway. They will not pay the taxes. They will just reduce investment or move to a more tax friendly country. Even when the rates were high in the past, they did not collect more taxes as a percentage of income. The wealthy will just change their behavior to avoid the taxes. It's game theory.

If you want to change the wealth gap for real and not as part of a socialist agenda, stop shopping at Amazon and using products or services from huge companies. We can go back to mom and pop shops and the wealth will be more evenly distributed.

Again, taxation will never change "wealth inequality" short of full on socialism/communism where the companies are taken away from the owners. The US tax system is already one of the most progressive in the world so stop complaining and enjoy what your ancestors built for you.

There are a surprising number of progressives / socialists here on what is a primarily a speculation forum. Its possibly what makes it a lively place for discussion.

There is one good example to compare both systems.

In 1953 Korea was divided.

Two countries starting off at same level after the utter destruction from war.

Today DPRK has GDP PPP of $1.700 whilst ROK has GDP PPP $47.000

So in the North you'd pay 30 years salary for 1BTC
In the South just 1 years salary for 1BTC.

Right, right, i see, so in the '70 where wealth was more evenly distributed, kids with a college degree were pretty much guaranteed a good paying job, 10yrs since NASA got us to the moon, and overall there was less civil unrest, in reality it was a North Korea because cap gain tax was at 35%? And anyone suggesting we go back to that is a dirty red commie, because ultra wealthy top 0.3% need more of our support just in case another one decides to cure cancer or something like that?

I thought you had put Rolling on ignore!

As you are so easily triggered, I suggest you really do put Rolling, Arriemoller and me on ignore.

Save yourself some grief.

Then you can get on with discussing the topic of Bitcoin.

Talking of which look ooo up 6.5k to $53581 overnight while I had a decent night's sound Hodl sleep.

Mrs Farmer Bill got over excited at 47k and bought $2k worth at $48k.

I am all in on both BTC and the farm, seed, fertilizer, fuel, labor all paid for. Nothing spare for more BTC.

Final input is patience.  

Umm if you haven't noticed that was a reply to your post, you just happened to be quoting rolling yourself inside. Wasn't me who started discussing taxes on a BTC board, but guess i'm "triggered" and now need to find a safe space cause i replied to the BS stats that were being thrown around? Thnx for your suggestion, but you know

[eddie13]

On another note...

Buy a little piece of BTC on coinbase..
“Welcome to the world of crypto!” It says..
Bitch.. I have BTC transactions on this CB account from 2014!!

Welcome to the world of crypto... Mmkay..

Yeah, I’ve had a coinbase account longer than I’ve had a bitcointalk account..

I’m migrating my play coins to CB pro.. Haven’t used it since it was GDAX around 2017 iirc..
Both still have all my trade/TX histories..

[El duderino_]

[DaRude]

On another note...

Buy a little piece of BTC on coinbase..
“Welcome to the world of crypto!” It says..
Bitch.. I have BTC transactions on this CB account from 2014!!

Welcome to the world of crypto... Mmkay..

Yeah, I’ve had a coinbase account longer than I’ve had a bitcointalk account..

I’m migrating my play coins to CB pro.. Haven’t used it since it was GDAX around 2017 iirc..
Both still have all my trade/TX histories..

Why would you support those segwit denying, blockchain bloating, bcash supporting assholes, use Gemini if you're in US.



*Mandatory coinbase user reference

[OutOfMemory]

On another note...

Buy a little piece of BTC on coinbase..
“Welcome to the world of crypto!” It says..
Bitch.. I have BTC transactions on this CB account from 2014!!

Welcome to the world of crypto... Mmkay..

Yeah, I’ve had a coinbase account longer than I’ve had a bitcointalk account..

I’m migrating my play coins to CB pro.. Haven’t used it since it was GDAX around 2017 iirc..
Both still have all my trade/TX histories..

 

C'mon, tame your lil ego!

This shit from coinbase is totally laughable, so do yourself a favor and laugh about it.

[DaRude]

Another city boy who knows sweet FA about producing beef.

Not all of us city boys are clueless about our food.



The Angus steer on the right is Murray, being held by the lad who lovingly raised him like a pet, knowing full well that he was destined for slaughter. He was reserve grand champion at the prestigious Royal Winter Fair a few years back.

The guy with the glasses, second from right, is my local neighborhood butcher in downtown Toronto. He sources his meat from small, humane producers like the happy family in the rest of the picture. Happy meat is good meat. Of course it's free of artificial hormones and unnecessary antibiotics.

Murray was raised on forage and silage and finished with barley. Needless to say he was harvested humanely, locally.

I was lucky to get a couple of steaks from the front part of his rib section (with large spinalis dorsi muscles), plus a couple of flat irons (infraspinatus muscles). While we were enjoying him we had his picture up on the 55" display and toasted him, thanked him, and complimented him on his fine flavor and texture. He was delicious.

disgusting. you meat lovers are fucking psychos.

You do understand that without meat you wouldn't exist or if you would, you wouldn't be able to put together an intelligent line of words?

https://time.com/4252373/meat-eating-veganism-evolution/

As a new study in Nature makes clear, not only did processing and eating meat come naturally to humans, it’s entirely possible that without an early diet that included generous amounts of animal protein, we wouldn’t even have become human—at least not the modern, verbal, intelligent humans we are.

[OutOfMemory]

So, it seems we are still in that "downward channel" (for those that paint that kind of pictures) starting after the Apr. 17th dump.
Fast order fluctuation on stamp, imho the market forces' fight on staying in / breaking out of said channel is full on atm.
#hodl

EDIT: Mind the upcoming CME futures expiry date(s), traders better be prepared for an intermediate drop  . Hodlers? Not affected, as always  

EDIT2: https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

Seems to early for this kind of dip, though. Looks like there is some valid support $53k-$53.3k
Quite interesting...

[fillippone]

TSLA is releasing their financial results.
They didn't Hodl, and sold some of their bitcoin stash:

Tesla Bought 1.5 B in Bitcoins


Nothing too worrisome. If I had bought 1.5BLN in BTC, I would like to check the trade is working also on the other way round!

[JayJuanGee]

In other words, all are welcome here in bitcoinlandia (not that any of us can stop "them" or "the others"), even if you are retarded and even if you are trying to impose your values and beliefs on bitcoin or trying to "destroy it" in one way or another.... Maybe you will get recked or run off in an emotional outburst (aka rage quit) when you perceive that bitcoin is not working for the values/beliefs of ur lil selfie.. blah blah blah..   and maybe bitcoin is going to say.. who cares.. go fuck ur lil selfie with a 36 foot metal rod, if you believe that bitcoin is ONLY x, y and z.. blah blah blah.

Right!
Bitcoin is definitely good for money laundering, buying drugs and making all sorts of “illegal” purchases, funding organizations that get shut down by the likes of visa and PayPal, keeping any government from freezing or confiscating your accounts, leaving totalitarian countries that restrict you from taking your wealth out of the country..

Make all the laws you want.. You can’t stop Bitcoin or stop anyone from doing whatever they choose with it..
Bitcoin still works perfectly for the anarchic uses it was intended for..

Hilarious to see “bitcoiner” lefties get their panties twisted about tax evasion.. lol

Bitcoin works not so great for authoritarians/socialists/leftists..

It seems that I agree with everything you said, except your suggestion that bitcoin does not work for lefties ... or for variants of statists.

I also have a bit of trouble with the strength of your assertion that there is nothing that governments can do about bitcoin blah blah blah...   To be clear, I do not disagree with the sentiment that bitcoin places obstacles in terms of what governments might be able to reasonably do or try to do, but governments do not likely become impotent because of bitcoin.

I am NOT proclaiming to be any kind of expert or anything like that because I am just a regular peep with my right and wrong ideas, and I believe that we can try to attempt to think about these kinds of matters in less all or nothing terms in the sense that bitcoin exists and it creates a whole bunch of incentives that are likely evolving with the passage of time and the increases in network effects, so in that regard, there has been back and forth with bitcoin and there is likely going to continue to be back and forth with bitcoin - whether we are referring to governments, institutions (such as status quo financial institutions) and/or individuals (such as rich peeps who have traditionally manipulated various systems more than poor peeps). 

Many of us who have been investing into bitcoin (and apparently including you, eddie13) recognize that in a variety of ways, bitcoin has already won, and some things that governments, institutions and individuals were able to do in order to stifle or stop bitcoin have become much more difficult (if not impossible to attempt to do), and I am not even saying that there might not be some pretty damned intensive battles against bitcoin and attempted attacks from within, and it does seem quite unlikely that any of them are going to be successful (and probably a pretty straight forward reason that a lot of us continue to be bullish about bitcoin's future prospects), and none of us are sorcerers, exactly (even though there may well be a lot of wannabe sorcerers amongst us), so the way forward, could have a lot of challenges and even a decent amount of physical violence (which is one of the favorite tools of someone who perceive themselves to be running out of options whether state, institutions or individuals), and alternatively (which seems to be a kind of picture that you are painting eddie13), the transition could end up playing out way more non-violently than within our historical past when it comes to threats to the status quo.

[_javi_]

TSLA is releasing their financial results.
They didn't Hodl, and sold some of their bitcoin stash:

Tesla Bought 1.5 B in Bitcoins


Nothing too worrisome. If I had bought 1.5BLN in BTC, I would like to check the trade is working also on the other way round!

Muh iNsTituTions NeVer sEll... 

Weak handed Musk...

[JayJuanGee]

So, who sold at the bottom girls?   Hint: totally retarded, brain-dead, veggie IQ beartards!  

Dude, what about veggie bulltards with memory loss, then?
Hint: I hodl  

Sold a little portion above $50k, which was planned to be sold around $40, while a bit of it got sold in the $60k area already.
My carpenters only want fiat, that's why.

Green candle formation on weekly chart is very positive. If Bitcoin break 56,200 then it should make  new ATH.

I agree that longer time frames, such as the weekly tend to be important to consider what might be going on in terms of BTC price dynamics, but at this point, the weekly has a decent amount of mixed candles.,. there seems to NOT exactly be any kind of meaningful streak going on currently in the weekly candles or anything that is especially notable about the weekly candles (beyond a kind of appearance of consolidation), at this point in time... not that I can see.. but what the fuck do I know?

The monthly, on the other hand, does seem to have a potentially meaningful streak going on.

More specifically, we have a quite unusual situation to have 6 monthly green candles in a row, and at the same time, the current candle (which would be the 7th) is currently red.  Accordingly, the opening price for this monthly candle is at $58,789.96, which means that within about 4.5 days (from the time of this post), that monthly candle is going to close, and it will be green if it is above the opening price and it will be red if it is below thew opening price.  Surely, such candle is currently within reach and also we do have a bit of a momentum that is going in such UPpity direction, currently.. but who can really say, beyond watching and appreciating that the next 4.5 days are "critical.^tm"

You are absolutely right that Monthly candles are also important to predict Price of Bitcoin but i think as long as BTC price is above 21 Weekly Moving average, it is Bullish. We all know that TA is not perfect science and it is science of probability but this is the only Tool that helps us to make trading decision.

Oh my, Sayeds56, your response sounds even worse than it did when I responded to the original post, and surely you are going beyond my response.

In any event to address your further point, it seems quite ridiculous that suggest that the ONLY tool is the 21 week moving average to attempt to gauge if we are in a bearish or bullish posture.

Besides a lot of technical indicators having limited applicability, we have BTC price prediction models that likely tell us, way the fuck better, whether BTC happens to be in a bullish or bearish posture, and those include the following (but not limited to, for sure):  1) stock to flow, 2) four-year fractal, 3) exponential s-curve adoption based on Metcalfe principles and network effects.

If they wanted to create real FUD they would just have to get Craig Wright or whoever to say whilst surrounded by gorgeous women:
"Bitcoin is fantastic, it works really well but it can unfortunately never be used to pay for a whore is that right ladies?"
And they all nod and we watch the price nosedive.

The level and direction of your "imagination" is surely diabolical to the core.   You must further your efforts to offer such consultation services whether free or some level of personal gainenings to those "in need." #nohomo   

The only consultancy / advice needed is: HODL.

There is a diabolical rabbit clothing brand so my "diabolical" imagination probably comes natural to bunnies.

Yes, a cutie for sure.. but what about other techniques such as DCA, buying on dips and lump sum capital injections? 

Even though we might be deviating from the topic of my original response, seems that besides HODL there might be other tactics that could be employed and or consulted, too (am I not called koreck?).  I would not want to presume that there is already a sufficient and/adequate accumulation of the corn, and other tactics may well be currently slipping from my data base(whoops) thinkenings.

[20kevin20]

What a boring time. Bitcoin seems to be making moves but only in the wrong direction.. waiting for it to recover seems like a damn eternity!

TSLA is releasing their financial results.
They didn't Hodl, and sold some of their bitcoin stash:

Is there any chance he's purchased Doge temporarily instead, moving from BTC onto it in order to multiply his coins? He already knew very well how much influence one tweet of his could have over an alt.

[El duderino_]

https://twitter.com/excellion/status/1386777620604325888?s=21

Spotted a llama what does it means ?

[BitcoinBunny]

What a boring time. Bitcoin seems to be making moves but only in the wrong direction.. waiting for it to recover seems like a damn eternity!

TSLA is releasing their financial results.
They didn't Hodl, and sold some of their bitcoin stash:

Is there any chance he's purchased Doge temporarily instead, moving from BTC onto it in order to multiply his coins? He already knew very well how much influence one tweet of his could have over an alt.

Boring? Back up 8% in a day.
To put that in perspective. If that happened every day we'd be at a new ATH within 3 days and 100K in just over a week.

[danadc]

I was disappointed by Tesla, finally its traditional financial advisers are still betting on the failed FIAT-based economy.


Source:https://twitter.com/AlbyEarley/status/1386786504509427722

[BitcoinBunny]

TSLA is releasing their financial results.
They didn't Hodl, and sold some of their bitcoin stash:

Tesla Bought 1.5 B in Bitcoins


Nothing too worrisome. If I had bought 1.5BLN in BTC, I would like to check the trade is working also on the other way round!

Sure I would check that too and sell 1 Bitcoin to see if it works in reverse, but then keep the other 33,332 safe in my control.

[vapourminer]

Spotted a llama what does it means ?

obviously advertising for the WO

i hear some llama is spreading word that some gentlemen here on the WO who bought lake ontario and are building a citadel out of texas are trying to figure out if its better to move the lake to texas, move texas to the lake, or build a canal between the two with cruise boats going back and forth.

fear the llama logo

[HI-TEC99]

TSLA is releasing their financial results.
They didn't Hodl, and sold some of their bitcoin stash:

Tesla Bought 1.5 B in Bitcoins


Nothing too worrisome. If I had bought 1.5BLN in BTC, I would like to check the trade is working also on the other way round!

Where did they sell? On an exchange, or somewhere else?