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

[El duderino_]

So the 70k heslo in 1 month guess is back on the map....

You beat me to it 

 
 

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[JimboToronto]

Lol, my only question is why is proudhon aka llama in the drawing

Proudhon is an alpaca, not a guanaco, llama or vicuna.

Alpaca socks were one of the first (legal) products available to be bought with Bitcoin.

[somac.]

@alistairmilne
RUMOUR: Facebook will annouce they hold #Bitcoin  on their books when they release their quarterly results after trading closes tomorrow

https://twitter.com/alistairmilne/status/1386953429814333441?s=21

We'll see.

But if true that would be slightly annoying. Having someone like Zuckerberg do well out of Bitcoin would kind of upset me, the guy is a real piece of shit afterall. However, that's the good thing about Bitcoin, it is open to everyone, no matter what.

[heslo]

This was quite the insightful podcast on Satoshi, well worth the time imo. https://www.youtube.com/watch?v=KSZMWEhUPG4&ab_channel=WhatBitcoinDid

Quite interesting.

Couldn't help but notice a photo of Peter Schiff on the interviewer's shelves.

It's a troll, McCormack loves trolling Schiff

So the 70k heslo in 1 month guess is back on the map....

Would not be upset to see it

[El duderino_]

Lol, my only question is why is proudhon aka llama in the drawing

Proudhon is an alpaca, not a guanaco, llama or vicuna.

Alpaca socks were one of the first (legal) products available to be bought with Bitcoin.

Thx for the info, didn’t know that

[ivomm]

This Tesla's liquidity test sell is of course a cover-up for turning Q1 to profit for Tesla. But it may have a positive long term impact on the mass adoption among the institutions. Some of them are still hesitant because of the fears of liquidity issues. Even Musk at first raised a doubt about that. And of course, SEC denied ETF's mostly because of the low liquidity of the US exchanges, which makes Bitcoin volatile and susceptible to manipulations. It is like a pop quiz in school. Now everyone has a proof that the liquidity is there and every institution may sell big amounts with a little discount. So, this is another victory on the way to the first ETF's approvals later this year.

But for me at least, there is another major reason for all what happened in the last 6-7 months. In the years of bear market I sometimes expressed regrets about these endless barts caused by the owners and close friends of Bitmex. I remember one post, when I said that the price would had reached 100K in no time if Bitmex didn't exist. I was opposed by r0ach, who claimed that prices above 10K are not sustainable because of the miners profits getting too high. Of course, no need to explain to the moron the elementary things. Coincedence or not, but on that very day, when CFTC accused Bitmex, the barts suddenly stopped. And since then I can't find evidence of derivate manipulation. As a consequence, Bitcoin has become less volatile which is quite appealing for the institutions and billionaires. I will go even further and say that Bitcoin won the war with the derivate manipulations and all these round numbers 100K, 1mil, etc. are just a matter of when, not if. In particular, one day the US government will decide to build and maintain a Bitcoin reserve, followed by governments and financial institutions worldwide. Just imagine that - almost everyone will prefer to receive their salaries in Bitcoin and people like mindrust will realize how big their mistake was. For how long peeps like that will keep refusing to use BTC in credit cards, paypal, amazon, etc.? One - two years max. And imagine mindrust buying satoshis at price around 1mil to be able to buy a vacuum cleaner on amazon? That will hurt a lot!

tl;dr. In case there are still peeps who plan to exit with most of their stash, a word of warning: It is better to sustain a fiat/BTC percentage and never exceed it. For some it is 1/99, for others 33/67 or even 50/50. But everything above 75/25 may and will turn into a disaster. Of course, the ratio is individual and it depends on the age and the plans. For peeps still far from a retirement 0/100 is not bad at all  

[somac.]

This Tesla's liquidity test sell of course a cover-up for turning Q1 to profit for Tesla. But it may have a positive long term impact on the mass adoption among the institutions. Some of them are still hesitant because of the fears of liquidity issues. Even Musk at first raised a doubt about that. And of course, SEC denied ETF's mostly because of the low liquidity of the US exchanges, which makes Bitcoin volatile and susceptible to manipulations. It is like a pop quiz in school. Now everyone has a proof that the liquidity is there and every institution may sell big amounts with a little discount. So, this is another victory on the way to the first ETF's approvals later this year.

But for me at least, there is another major reason for all what happened in the last 6-7 months. In the years of bear market I sometimes expressed regrets about these endless barts caused by the owners and close friends of Bitmex. I remember one post, when I said that the price would had reached 100K in no time if Bitmex didn't exist. I was opposed by r0ach, who claimed that prices above 10K are not sustainable because of the miners profits getting too high. Of course, no need to explain to the moron the elementary things. Coincedence or not, but on that very day, when CFTC accused Bitmex, the barts suddenly stopped. And since then I can't find evidence of derivate manipulation. As a consequence, Bitcoin has become less volatile which is quite appealing for the institutions are billionaires. I will go even further and say that Bitcoin won the war with the derivate manipulations and all these round numbers 100K, 1mil, etc. are just a matter of when, not if. In particular, one day the US government will decide to build and maintain a Bitcoin reserve, followed by governments and financial institutions worldwide. Just imagine that - almost everyone will prefer to receive their salaries in Bitcoin and people like mindrust will realize how big their mistake was. For how long peeps like that will keep refusing to use BTC in credit cards, paypal, amazon, etc.? One - two years max. And imagine mindrust buying satoshis at price around 1mil to be able to buy a vacuum cleaner on amazon? That will hurt a lot!

tl;dr. In case there are still peeps who plan to exit with most of their stash, a word of warning: It is better to sustain a fiat/BTC percentage and never exceed it. For some it is 1/99, for others 33/67 or even 50/50. But everything above 75/25 may and will turn into a disaster. Of course, the ratio is individual and it depends on the age and the plans. For peeps still far from a retirement 0/100 is not bad at all  

Nice post. I myself we be selling zero to very little. I was once upon a time going to sell up to 30%, but that has now dropped down to say no more than 10% and even that is pushing it and would require a parabolic move before the sale. With the world we are going into my decendants will need every one of the bitcoin I can hold onto.

[vapourminer]

How to unsee???

this is the WO. welding goggles for eye protection at a minimum is highly recommended.

[Karartma1]

How to unsee???

this is the WO. welding goggles for eye protection at a minimum is highly recommended.

After too much time on the WO my world is only green (mostly) and red (luckily not as common as green).

Spot on ivomm on your last comment, as usual

[ivomm]

https://twitter.com/KennethDredd/status/1386844294074363905

[Phil_S]

'2x per year' lines update (vs 7-day average):

Hats off to Phil_S  for this chart that sees 2x still hold as of april 2021   (and that the recent insane spike to $60,000 is within the high bound and nothing really special eg is less in relative terms to the $17,000 spike.) For any newbies on this site this chart basically says buy now. Sure, I and some others think the price will resettle in the region of $12,00-$30,000 for a bit so you may not want to go all in at $50,000 which is about where its at today but even if you bought lots very soon (in the next year say) it will all come right in a matter of a 1 year or two after that when you join the the "doubling bandwagon".  GO BITCOIN GO!

Thanks!

Update:

[philipma1957]

So the 70k heslo in 1 month guess is back on the map....

70k by may 1 for sure

[ImThour]

Believe me or not, this single action will get Bitcoin on a new ATH.


https://twitter.com/WisdenIndia/status/1387023106993049605

[vapourminer]

So the 70k heslo in 1 month guess is back on the map....

70k by may 1 for sure

quoted

my lowest buy was like 48.3k this dip, a buy i had set a tick above 47k never went off though. kinda a bummer.

[Parazyd]

Found another Bitcoin price prediction chart today

[OutOfMemory]

Good day 

So i see BTC at $55k, out of shallow waters, where the bears satisfy their thirst.
I'd like to see the price a lil higher today, above $55.5k, just to make sure we left the dump behind.
Expecting fights at well known levels like $58, $60k and $62k, so $70k by may (which rhymes beautifully) may become very real.
#hodltight

[modrobert]

Found another Bitcoin price prediction chart today

[philipma1957]

So the 70k heslo in 1 month guess is back on the map....

70k by may 1 for sure

quoted

my lowest buy was like 48.3k this dip, a buy i had set a tick above 47k never went off though. kinda a bummer.

I got in at  4 price points

51,037 Apr 22
49,853 Apr 23
49,322 Apr 24
48,249 Apr 25

@ OutOfMemory 70k by May is a very nice rhyme




My first post on 70k by may 1 below:

Another 60k+ so we are coiling to go past 70k asap.  By May 1 for sure. that would be 2 weeks for today.

[Torque]

Increasing base-layer capacity to, what, maybe 30–40 tps tops would be a sick joke at a cost that would surprise people.  It would not solve any problems, and it would create many.  We need technologies supporting tens of thousands of TPS or more; a doubling (or whatever) of the current blocksize is insufficient by orders of magnitude, too much and not enough all at once.

Do we though? I keep seeing people, big blockers and some OG's alike, banging on this proverbial drum, year after year after year, as if it such a dire, imminent need.

But if most bitcoiners see Bitcoin as 99% SOV and and 1% or less as a transaction medium, then no, it's not. And we don't. The current TPS limit will continue to serve just fine.

And Gresham's Law will continue to prove that out.

There is a reason why the acronym "HODL" is so identified with Bitcoin, but certainly not with fiat.

[eddie13]

So the 70k heslo in 1 month guess is back on the map....

70k by may 1 for sure

quoted

my lowest buy was like 48.3k this dip, a buy i had set a tick above 47k never went off though. kinda a bummer.

I got in at  4 price points

51,037 Apr 22
49,853 Apr 23
49,322 Apr 24
48,249 Apr 25

@ OutOfMemory 70k by May is a very nice rhyme




My first post on 70k by may 1 below:

Another 60k+ so we are coiling to go past 70k asap.  By May 1 for sure. that would be 2 weeks for today.

I bought in the first dip between 53,9 and 54,4
The last dip I got a bunch more between 47,9 and 48,1

I’m back to about even on my first drippings now and up on the 2nd..

Figure I’ll be pretty happy with all of it once we are back over 60..
That money was kinda supposed to be for something else, like responsible adulting, but I couldn’t resist..