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

[Biodom]

The make or break moment is nearly upon us. If the next 40 days doesn’t produce the beginnings of a major bubble, it will start to discourage those of us who have been watching the stock to flow ratio for a couple cycles now.

Luckily it seems there’s news of an approved ETH incoming that seems to be legitimate…

that's a funny typo..what's on your mind? lol

that said, i am not worried...yet, but it seems that NOBODY predicted this cycle..as it should be...contrary to Willy Woo's assertion, bitcoin is not really "mechanical".

[nutildah]

Anybody like to share their thoughts on the current market, price action?

It looks weak AF to me. I mean, I think everything is OK & we should rally in Q4 but we really need to start moving up soon. Part of me is fucking concerned if I’m honest.

Lightning network. Twitter.

BTC is finally moving from being the best (and inflation-free) store of value to be the number one internet-money.

Hodl on to your socks.

People (well some of my favorite public indicators) are starting to give up hope, which means its a good time to buy. I honestly don't think we're going much lower from here and will end the year $60k minimum.

[eddie13]

Anyone know anything about prenuptial agreements as they would relate to cryptocurrency?

Hypothetically..

[d_eddie]

Make or break, I'm not so sure. There was a bit of unusually effective China FUD and other fuckery, but S2F and all the rest are still a thing, aren't they?

The make or break moment is nearly upon us. If the next 40 days doesn’t produce the beginnings of a major bubble, it will start to discourage those of us who have been watching the stock to flow ratio for a couple cycles now.

Luckily it seems there’s news of an approved ETH incoming that seems to be legitimate…

This ETF (that's what you meant, right? Mind your fingers slipping into heresy ) can maybe be a catalyst, but I think that what is about to happen is about to happen, ETF or not.

[Cryptotourist]

The make or break moment is nearly upon us. If the next 40 days doesn’t produce the beginnings of a major bubble, ~

You can say that again! Oh wait, you have!

People (well some of my favorite public indicators) are starting to give up hope, which means its a good time to buy. I honestly don't think we're going much lower from here and will end the year $60k minimum.

What, no ATH in November or December? April?
Or are you literally talking about the 31st, dropping from a late November ATH?

[Biodom]

Anyone know anything about prenuptial agreements as they would relate to cryptocurrency?

Hypothetically..

Hmm, from my perspective, as far as bitcoin is concerned, if your coin in not on exchange, you don't really own ANYTHING until the time comes to spend those UTXOs and you (or someone else) happen to have the key to those UTXOs. This fact is often lost on regulators, for example, who think that it is like a stock or a stock certificate. They try to regulate the "possession" part, but there is no possession of anything, really, until you try to spend it.

[LFC_Bitcoin]

Anyone know anything about prenuptial agreements as they would relate to cryptocurrency?

Hypothetically..

Boating accident

[d_eddie]

LFC beat me to it.

[ChartBuddy]

Explanation

[JayJuanGee]

In any case, there's no need for name calling, especially between WO regulars. IMHO.

oh?

We will have to work harder to have fun in other ways, then.  

[...]

What happened to Picard memes, Carolinas, haikus that rhyme and witty discourses?

I suspect that memes of the day go through cycles, so we will need to wait for whichever ones might be of fashion, including tumble weeds, too.

Do we really have to stoop to the level of name calling to have fun in these here parts?

Yes.  Apparently we do.  There is a hierarchy of topics in which when you get to a certain level you talk about people rather than farts... That b called progress.

Don't you know nuttin'?  

Apparently.... no... or would it be yes... I am going to say yes, and that's my final answer. 

The make or break moment is nearly upon us. If the next 40 days doesn’t produce the beginnings of a major bubble, it will start to discourage those of us who have been watching the stock to flow ratio for a couple cycles now.

Luckily it seems there’s news of an approved ETH incoming that seems to be legitimate…

that's a funny typo..what's on your mind? lol

that said, i am not worried...yet, but it seems that NOBODY predicted this cycle..as it should be...contrary to Willy Woo's assertion, bitcoin is not really "mechanical".

He definitely deserves a batman slap for slipping that one in there... or maybe to be shaken, etc etc, like that lady on Airplane.

[HI-TEC99]

Anybody like to share their thoughts on the current market, price action?

It looks weak AF to me. I mean, I think everything is OK & we should rally in Q4 but we really need to start moving up soon. Part of me is fucking concerned if I’m honest.

In the summer of 2016 it pumped to $800, then crashed to below $600 in September. By December/January it had pumped to over $1000.

September seems to be a crap month for the price.

[Cryptotourist]

Do we really have to stoop to the level of name calling to have fun in these here parts?

Yes.  Apparently we do.  There is a hierarchy of topics in which when you get to a certain level you talk about people rather than farts... That b called progress.

I don’t know, I kinda enjoy telling you to fuck off, JsnowG (that’s my favourite - credits to Toxic2040), is that OK?

Where is he BTW?

[JayJuanGee]

Do we really have to stoop to the level of name calling to have fun in these here parts?

Yes.  Apparently we do.  There is a hierarchy of topics in which when you get to a certain level you talk about people rather than farts... That b called progress.

I don’t know, I kinda enjoy telling you to fuck off, JsnowG (that’s my favourite - credits to Toxic2040), is that OK?

Where is he BTW?

Exactly!!!!!

I knew that you were much above and beyond fart humor, unlike some of the less couth of our regular WO members.

Back when you were 8.. things were different.

[Torque]

Anybody like to share their thoughts on the current market, price action?

It looks weak AF to me. I mean, I think everything is OK & we should rally in Q4 but we really need to start moving up soon. Part of me is fucking concerned if I’m honest.

In the summer of 2016 it pumped to $800, then crashed to below $600 in September. By December/January it had pumped to over $1000.

September seems to be a crap month for the price.

I personally don't think the price is going to do crapola until January 1st or after.

But I can't say stuff like that here, because:

1. JJG and others will jump on me and call me a bear

2. I'm not a S2F cultist like most of the crypto twitterverse

3. I'm open and happy to being wrong. I hodl regardless of what the price does.

[Richy_T]

Grr. Just got over a cold a couple of weeks ago and now have another. This after several years of sickeningly good health. Hopefully my immune system is still on red alert and I'll be over it quickly. At least it seems to not be C19 symptoms.

[JayJuanGee]

Anybody like to share their thoughts on the current market, price action?

It looks weak AF to me. I mean, I think everything is OK & we should rally in Q4 but we really need to start moving up soon. Part of me is fucking concerned if I’m honest.

In the summer of 2016 it pumped to $800, then crashed to below $600 in September. By December/January it had pumped to over $1000.

September seems to be a crap month for the price.

I personally don't think the price is going to do crapola until January 1st or after.

But I can't say stuff like that here, because:

1. JJG and others will jump on me and call me a bear

2. I'm not a S2F cultist like most of the crypto twitterverse

3. I'm open and happy to being wrong. I hodl regardless of what the price does.

Since when was I any kind of person expecting king daddy to be on any kind of strict schedule...   I am surprised to hear that, especially when I have sometimes jumped on the cases of other WO members who are stating that king daddy has to do x by y date, and I especially become bothered when the assertions are too strict in terms of saying what price performance "has to happen" by certain dates... I tend to be a range kind of a person, and also filled with a decent amount of probabilities rather than certainties.

I also hate to get my expectations up too high, and instead I prefer to proclaim that various exponential periods are kind of surprises, even though many of us could see them coming in advance with decently high levels of confidence (agin not guaranteed, for sure).

In regards to time, I have also suggested that there could be delayed action and that would not necessarily break stock to flow or the four-year fractal or exponential s-curve adoption based on Metcalfe principles and network effects... and I have even suggested that our peak for this cycle could end up playing out as late as 3rd quarter 2022.. and furthermore, cycles could end up breaking, even though I tend to NOT be a fan of prematurely assuming that our three most dominant BTC price prediction models are broken.

I don't exactly agree with any kind of sentiment that there has to be a delay in UPpity (not that you are even saying that Torque), but surely a delay is within reason especially if beartards are able to keep the BTC price down lower and longer than expected, then they are able to shake more weak hands from those kinds of situations.  Beartards surely love to keep the BTC price down for as long as they can and for as low as they can, but part of the problem is that they end up running out of actual abilities to accomplish what they would like to accomplish. For sure, I am not going to know when their inabilities to keep king daddy down is going to become somewhat undeniable, exactly.

In other words, what else is newses?

[sirazimuth]

                           

[Cryptotourist]

Exactly!!!!!

Unknown error. Reboot sequence initiated.

But I can't say stuff like that here, because:

Please don’t do that. We need critical thinkers more than anything at this time. Even if all hell breaks loose.

Grr. Just got over a cold a couple of weeks ago and now have another. This after several years of sickeningly good health. Hopefully my immune system is still on red alert and I'll be over it quickly. At least it seems to not be C19 symptoms.

Cheer up. You’re getting the new updates.

[ChartBuddy]

Explanation

[Torque]

But I can't say stuff like that here, because:

Please don’t do that. We need critical thinkers more than anything at this time. Even if all hell breaks loose.

I've lived through the past bull runs of 2013 and 2017, and TBH, even having the experience of 2013 behind me, the bull run of 2017 still disappointed me. Because at that time, I believed way to hard that "this time is different".

But it wasn't any different. In both 2013 and 2017 cases there was a blow off top, and a bounce to a lower level top, and then finally months later, a high-volume capitulation.

So what do I see when I look at the current 2021 chart? A blow off top, and a bounce that we are currently in, that looks like a lower top forming. I still don't see a high-volume capitulation yet.

Will a capitulation happen this time, or will we just blow past that? I don't really know, I can't say. But something inside tells me it's possible that this time is no different than any of the others. This market just loves to make "fools of the bulls" almost every fkn time.

Just my 2c. I will hodl no matter what happens.