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

[TheJuice]

I don't understand why any long term holders are selling at these levels. The rocket is just igniting and weve already been at this level this year.

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[BitcoinBunny]

What will be some good altcoins to invest in after the BTC rush is over? Have to be prepared.

Got one for you:

DogPoopCoin DPC.
Currently rated #7849 on Coinmarketcap.

Guaranteed to pump hard when Elon Musk's neighbour's daughter's flatmate's stepdad lets his new puppy out for the first time tomorrow and tweets about it.

Only 47,000,000,000,000,000,000 tokens have been issued to the public and the inflation rate is only 7% per annum.
The other 53,000,000,000,000,000,000 tokens are for the hardworking inventors.

Get in now whilst you can!

[JimboToronto]

Just sold 0.00656btc to my brother's FOMOing friend at $61.5k to buy new tires for my ATV.

Is rubber a good commodity to invest some of my profits in?  

[OutOfMemory]

I don't understand why any long term holders are selling at these levels. The rocket is just igniting and weve already been at this level this year.

it's ok to take a minor piece off the stack if you actually have a good use for the money.

EDIT: Even if unlikely, if i wake up to a new ATH tomorrow, i wouldn't be too surprised. But then the real fireworks are starting...

[Hueristic]

https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc

The CFTC said in a statement Friday that between June 2016 and February 2019, Tether misrepresented to customers and the cryptocurrencies markets that it had “sufficient US dollar reserves” to back every token when, in fact, its reserves were not fully backed the majority of the time.

[JimboToronto]

Wall meets wrecking ball.

[ChartBuddy]

Explanation

[marcus_of_augustus]

.... it's not a bug, that's a feature

[marcus_of_augustus]

I don't understand why any long term holders are selling at these levels. The rocket is just igniting and weve already been at this level this year.

.... the real question is what are they buying that they think will serve them better than bitcoin?

[marcus_of_augustus]

https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc

The CFTC said in a statement Friday that between June 2016 and February 2019, Tether misrepresented to customers and the cryptocurrencies markets that it had “sufficient US dollar reserves” to back every token when, in fact, its reserves were not fully backed the majority of the time.

.... this is hilarious, after more than a century of fractional reserve banking where most bank accounts held less than 10% reserves the "regulators" are suddenly all about enforcing full reserve banking for digital stablecoin accounts

... roll on Full Reserve Banking, the way of the future

... not to mention that while the corrupt CFTC has been watching gold and silver commodity markets have turned into the farce of having less than 1% physical reserves backing the massive pile of paper derivative promises issued in the markets the CFTC 'regulates'

[Richy_T]

I don't understand why any long term holders are selling at these levels. The rocket is just igniting and weve already been at this level this year.

.... the real question is what are they buying that they think will serve them better than bitcoin?

You can't eat a bitcoin or take it with you.

[RapTarX]

If we compare October 2021 with October 2017, in December 2021, where are we heading to?

[Millionero]

just sold a piece for 60k

Pimpin' ain't easy.

[JayJuanGee]

https://www.investing.com/news/stock-market-news/us-sec-poised-to-allow-first-bitcoin-futures-etf--bloomberg-news-2644681

Not excited at all.

ETFs are allowed by SEC so that the powers that be can sell something they don't have (bitcoin) by pledging something they have in unlimited amount through the $$$ printing press. By creating unlimited amounts of paper gold they controlled the price of gold. They'll attempt to do the same with bitcoin!

Fiat is dying, and if they can artificially suppress the price of BTC in the meantime, that just gives us more time to stack cheap sats.

That's the way. I remember reading "we're still so early" more often recently on twatter. 2017 all over again?

I honestly don't think right here is "so, so early", maybe like 2003-2004 in the Internet time frame. Those who say we are in the first inning are probably incorrect..in feels like the bottom of the 3rd  .

Not easy to know, while we are in the process of this matter in terms of where we are at exactly, which partly depends upon where we are going... Once we get to where we are going, then it would likely become more apparent where we were at (including where we are at, right now). 

Oh by the way, there is one possible location in terms of BTC price and another possible location in terms of adoption, so where we are at could end up being different for each of those ways of measuring.

speak for ur lil selfie, Willy.  I have enough.

[marcus_of_augustus]

If we compare October 2021 with October 2017, in December 2021, where are we heading to?

.... it feels a bit more like Oct 2013 tbh

... we're not in the middle of the disgusting chain war FUD storm, transaction spamming, etc

... the system is running quite smoothly with lightning wallets and 3rd party custody on-boarding millions of people per week without too many glitches it appears

... 288k is not that unrealistic at around 5x from here but could be more

[samson]

https://www.theverge.com/2021/10/15/22728253/tether-41-million-misleading-statements-fiat-currency-bitfinex-cftc

The CFTC said in a statement Friday that between June 2016 and February 2019, Tether misrepresented to customers and the cryptocurrencies markets that it had “sufficient US dollar reserves” to back every token when, in fact, its reserves were not fully backed the majority of the time.

.... this is hilarious, after more than a century of fractional reserve banking where most bank accounts held less than 10% reserves the "regulators" are suddenly all about enforcing full reserve banking for digital stablecoin accounts

... roll on Full Reserve Banking, the way of the future

... not to mention that while the corrupt CFTC has been watching gold and silver commodity markets have turned into the farce of having less than 1% physical reserves backing the massive pile of paper derivative promises issued in the markets the CFTC 'regulates'

Not only that, if the bank account name wasn't 'Tether' then they didn't include the money in the reserve, there was a new tweet in the last 10 minutes or so.....

[lightfoot]

Just sold 0.00656btc to my brother's FOMOing friend at $61.5k to buy new tires for my ATV.

Is rubber a good commodity to invest some of my profits in?  

Just wait till you look at those tires and think "Damn, that's 30,000 worth of tires"

(Off to dry myself with a $30,000 towel thank  you)

[ProfTP]

Feels like a new ATH this Weekend.

Price goes up heavely but it feels like its still in stealth mode and people will only start to notice it until it really starts going up. Then it wont be long till we get this blow off top.

The question is then will it go down again in a deep long bear winter  for 2 years or will it start bouncing up again after some weeks and do its endless way up to.

Is this time different


This question is hard to tell, i dont know...

[Wekkel]

Close to ATH and Tether FUD again?

Right … 

[bitcoinPsycho]

Just sold 0.00656btc to my brother's FOMOing friend at $61.5k to buy new tires for my ATV.

Is rubber a good commodity to invest some of my profits in?  

Absolutely  if it keeps you on the road