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

[Hueristic]

In a brief statement, the Powell family said he had died on Monday morning from COVID-19, had been fully vaccinated against the disease, and thanked the medical staff who cared for him.

https://www.reuters.com/world/us/ex-joint-chiefs-staff-powell-dies-covid-complications-facebook-post-2021-10-18/
https://www.reuters.com/world/us/obituary-colin-powell-us-military-leader-first-black-secretary-state-dies-2021-10-18/

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[JayJuanGee]

As a kid they gave us a math text book in first grade. It had the work in it from sept 1962 to June 1963.
I loved math so much that I finish all the chapters with all the problems by October 1st.

We had a book called "7 a day" with 7 problems in each section. I'd usually run through multiple sections each lesson and then they put me in the "8 a day" book. I learned then that hard work is often rewarded only by more hard work.

Poor lil Richie----tttttttttteeeeeeed

That's the start of your having had become so damned jaded, perhaps?

Got to say I'm a bit disappointed: We just closed the weekly ATH a few minutes ago, are at 62,500 and there is not one picture of a train anywhere on this forum.

What happened?

Lovely....

It be called:  "zen"

Got to say I'm a bit disappointed: We just closed the weekly ATH a few minutes ago, are at 62,500 and there is not one picture of a train anywhere on this forum.

What happened?

There will be more enthusiasm at $70K.    

You would not know "zen" if it slapped you in the face... maybe you need a slap in the face?  Would that help?  I doubt it. #justsaying.

what time does this weekly candle close?

Yall say closing above $60k would be a big deal, not that i really think that, but it looks like its about to..

Does it close on sunday?

Midnight UTC---- yes on Sunday.

Ok..

So it seems that those who are bitcoiners are widely of the subset that also like numbers..
Quite interesting..

For me, I have always loved watching exchange order books changin..
Never really traded off the charts, always traded off the books..

People always thought i was nuts just staring at pages of numbers all the time..
Recognizing patterns..


We may be discovering something about "what makes a bitcoiner" here..


Observing nice price also..

I have another way of saying the same thing.

All people like NGU

Bitcoin is based on NGU and frequently demonstrated NGU technology

bitcoiners are people

bitcoiners like NGU

 

[Paashaas]

In a brief statement, the Powell family said he had died on Monday morning from COVID-19, had been fully vaccinated against the disease, and thanked the medical staff who cared for him.

https://www.reuters.com/world/us/ex-joint-chiefs-staff-powell-dies-covid-complications-facebook-post-2021-10-18/
https://www.reuters.com/world/us/obituary-colin-powell-us-military-leader-first-black-secretary-state-dies-2021-10-18/

Before anti-vaxxers complain about the vaccine, those complications was a result of multiple myeloma, a blood cancer which wrecked his immune system and he was 84.

[ChartBuddy]

Explanation

[OutOfMemory]

In a brief statement, the Powell family said he had died on Monday morning from COVID-19, had been fully vaccinated against the disease, and thanked the medical staff who cared for him.

https://www.reuters.com/world/us/ex-joint-chiefs-staff-powell-dies-covid-complications-facebook-post-2021-10-18/
https://www.reuters.com/world/us/obituary-colin-powell-us-military-leader-first-black-secretary-state-dies-2021-10-18/

Before anti-vaxxers complain about the vaccine, those complications was a result of multiple myeloma, a blood cancer which wrecked his immune system and he was 84.

Thanks, well worth a mention, didn't read about that on the MSM today, and it DOES make a huge difference in efficiency of the vaccine(s).

On Topic:
Other sources shows mempool filling up: https://jochen-hoenicke.de/queue/#BTC,24h,weight

[JayJuanGee]

(\_/)
( •_•)
/ > BTC


HODL!!!

https://twitter.com/naiiveclub/status/1449760254426705922?s=21

That twitter video contained therein is a funny kind of way to show the differences between newbie, trader and HODLer...

All I want to see is a new ATH. Is that too much to ask?

Yes... don't ask.

You are going to potentially jinx it.



It will be coming soon^tm... likely within the next 24 to 48 hours.  Not guaranteed, of course, but has good chances.  If it does not happen, then you can just whine about it... whining is not an uncommon practice, and you may well be within reason to start proclaiming that BTC is dead and that we are in a bear market too... would not be the first time we have seen these kinds of premature sentiments expressed.

#justsaying.

In 2013 Michael Saylor said "Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling". He changed his mind? Or just a good poker player telling us Bitcoin is future and at the end will hammer Bitcoin once he got out?

No.. Saylor actually changed his mind between 2013 and 2020.. and in 2020, he had even forgotten that he had made that rash assessment of BTC via tweet in 2013.. and perhaps in 2013, on some level, Saylor may have been correct about Bitcoin's questionable investment thesis, even though 7 years later, bitcoin's investment thesis did get quite a bit stronger and Saylor did actually change his mind based on such recognition (and likely a wee bit better research into the matter and likely even actual world circumstances [he mentioned the March 2020 liquidity event] that motivated his more seriously considering bitcoin's investment thesis as a potential (and likely) solution to a lot of the lack of soundness of money issues that he was then seeing and now continuing to see (a cannot unsee thesis, once seen?)

[jojo69]

[UnDerDoG81]

In a brief statement, the Powell family said he had died on Monday morning from COVID-19, had been fully vaccinated against the disease, and thanked the medical staff who cared for him.

https://www.reuters.com/world/us/ex-joint-chiefs-staff-powell-dies-covid-complications-facebook-post-2021-10-18/
https://www.reuters.com/world/us/obituary-colin-powell-us-military-leader-first-black-secretary-state-dies-2021-10-18/

The mass media turned this already into an pro vaccinating campaign lol

People are so stupid calling people who do not want only this vaccine as anti vaxxers. I have all my other vaccines. I dont know why they cant handle it that some people do not want this one.

They are fully vacced, never take off their masks, even alone in the car, use their hand sanitizers every 10 minutes and still are scared 24/7. Do your self a favor and turn off your TV. Get out of this trance and start breathing again.

[ChartBuddy]

Explanation

[JayJuanGee]

I am not planning to either sell or take a loan at the moment, but this "method" surely beats selling and paying a HUGE amounts of tax.
All rich do this.

Sorry, I’m not “all rich”, I’m the new kind of rich.

Well.  It seems a wee bit presumptuous for Biodom to be proclaiming that he knows how "all rich" manage their wealth or that individuals here would be well served by following the same (or a similar) approach to managing their own wealth.

And, for sure you do not need to give up control of your bitcoin keys in order to manage your bitcoin wealth well.. but surely there are likely ways to be creative with how you manage your wealth and if you might want to enjoy consumptions and investments in various assets, services and goods without spending your wealth, but instead leveraging your wealth in one way or another.  I doubt that we are talking about all or nothing scenarios, and I doubt that even the uber wealthy are leveraging very large fractions of their wealth at any point in time..

Furthermore, there might be goals of plenty of us here to become or to stay sufficiently wealthy rather than somehow feeling that we have to engage in any kinds of risky behaviors to leverage our wealth.

How do you think Musk had billions to invest in Space X (he borrowed heavily against Tesla stock to the tune of billions)?

By shilling for shitcoins?
Musk is a verified attack vector on BTC.

I agree Musk is not exactly friendly to either bitcoin or to the bitcoin narrative, but bitcoin likely gives no shits about whether he is in bitcoin or not, so surely, there is no real ability to stop Musk from engaging in various kinds of attempts to manipulate bitcoin whether it is informational wise or how he (and his company) might choose to employ his (their) BTC stash(es).

Below is a post of mine that was deleted in another thread for being "off-topic," so I am reposting it here... because it would not be off-topic in these here parts.. and I believe it is an important point in regards to what some members might consider to be influencing (or threats to) bitcoin's current UPpity price pressures.

Nice one J. #nofomo

Speaking of FOMO... we have been ranging in a kind of top of the range for quite a bit of time (maybe since about 14 days ago-ish when we went above $50k.. and have been mostly pushing UPpity ever since.. go figure.. go figure.)... so not really considering any kind of bet on down to be very prudent in these here times, but surely there are some guys selling BTC since supra $50k and even currently and hoping for the best (BTC price might go down, etc), and there are also some guys working on trying to get DOWN from here.. but may well be a fruitless endeavor... who is to say?  Interesting times, no?

By the way, you remember Raja_MBZ who said that he sold all of his BTC around $55k because he was waiting for BTC prices to meet the 200-week moving average, and the 200-week moving average was then around $12k, and now the 200-week average is about $17k.  Sure that 200-week average is a likely most extreme down point that bitcoin could go (especially in a bear market), but jeez, seems premature to be presuming a bear market (including presuming such in May - even though the BTC correction was pretty damned BIG in May).  Anyhow, Raja_MBZ continued to warn us while we were in the $30ks and $40ks that bitcoin would be going down, and he was failing/refusing to buy back his BTC, even though the BTC price was going up.. and even had fairly convincingly passed above $43k to $46k in early August.  Anyhow, he continued to reiterate that he was refusing to buy back because his sale at $55k-ish was the right decision... blah blah blah - because BTC going down to sub-$20k or to meet the 200-week moving average or whatever, and probably still has not bought his BTC back - like he should have done.. even though he has not been posting much recently.. and well could be realizing the dumbness/absurdity of is position (trade).

Or even thinking of Billynocoiner.. who was so much smarter than the rest of us in terms of supposedly betting on down and continuing to tell us that we should be waiting for lower prices.. He was even talking low $20ks and even switched his tunes to sub-$12k a few times... another likely loser.... (at least failing/refusing to adequately and meaningfully prepare for UP.. and preparing for ONLY one direction (down) in bitcoinlandia seems to be quite contrary to any kind of meaningful prudence)  hahahahaha

[El duderino_]

Ahead of the first Bitcoin-futures ETF set to trade tomorrow,
@JodieGunzberg
 of CoinDesk explains why the ETF is a "horrible choice" for investors. #Bitcoin $BTC

https://twitter.com/PowerLunch/status/1450179335051218946?s=20

[ChartBuddy]

Explanation

[JayJuanGee]

In 2013 Michael Saylor said "Bitcoin days are numbered. It seems like just a matter of time before it suffers the same fate as online gambling". He changed his mind? Or just a good poker player telling us Bitcoin is future and at the end will hammer Bitcoin once he got out?

C'mon, clearly he'll say whatever helps make his investors more money. That's all he's ever done.

Huh?  You don't really believe the contents of your own post nutildah?  or is that even possible?

I doubt that you are very close to being accurate at all.. just sounds like you are bitter and envious,,, that's how the contents of your post comes off.. (at least my reading of it).

Sure Saylor has duties to shareholders (Being the CEO of a publicly traded company, Saylor is legally bound to make some kinds of disclosures), but communications with shareholders is only a small part of what seems to be going on in regards to both Saylor's getting involved in bitcoin and the various public actions that he has taken in the bitcoin space (to be very public, attend conference, to be involved on a lot of Bitcoin maximalist type podcasts and other shows, and attempting to educate other companies and rich folks about bitcoin - including developing some of his own materials and holding a teach-in in February 2021) since his having had made his public announcement (which was around early August 2020).

We've come so close today - $ATH-3.4%, €ATH-0.5%. May be we are hours^tm away from a new €ATH.

FTFY.. and I agree as amended.

 

Meanwhile in an alternate universe, the doggie meme coin is pumping like crazy while corn goes sideways.

A lot of severly dehydrated geezers out there it seems.. I have no other explanation for that

"Investing" in Doge is just as stupid as "investing" $11.8 million into a single Cryptopunk NFT and hoping an even bigger idiot comes along later to buy it from you.

They both have no use or are any good at maintaining value because of inflation. (With Doge the number of tokens, with NFT the sheer infinite amount of possibilities in colour pixels in a matrix and change the size of that matrix whenever you feel like it).

If you can create & sell them or temporarily trade them then good luck to you, but eventually someone will be left holding something totally useless that will most likely never trade at the same you bought it again when the hype is over.

It's actually good that there are so many "competitors" to Bitcoin because they immediately show why these will fail and why Bitcoin will succeed:
The competitors are not rare and are for 99% of them not decentralised. Even that last 1% is not certain since many competitors do not get attacked (yet) and no one has even been interested in forking them simply because they have no value. No one cares.

There is a kind of additional added value in various NFTs that are associated with a certain person, so there can be some fame/pumpening that comes with some expectations and representations that are made about such NFT products being actually scarce - so surely there is a lot of trickery out there, and there seems to be nearly an infinite number of gullible people, while at some point the pure hype - as you seem to be attributing to these matters BitcoinBunny - is likely going to become more and more apparent in terms of showing that such supposed scarcity cannot really be backed up.. without some kind of solid proof of work system to back up the scarcity.. and "have you heard of bitcoin... ?"  hahahahaha

[edited out.. other parts]
..........
Just think .. a mere $10 per week of buying for the past 8 years would have gotten  you nearly 5 bitcoin and nearly $300k in value.. just gotta be erroring on the side of HODLing or accumulating........
.......

Would you consider that $10 a week investment a decent success?
Or did he still fail?

If someone has acquired and accumulated something in the ballpark of 5 BTC over the past 8 years-ish, generally speaking, I would consider that to be a decent success... Of course, there might be some need to measure individual circumstances to really attempt to figure out the extent to which someone may have been actively studying bitcoin during that time - or just blindly investing into it.

I understand that historically a lot of people have had reservations about getting into bitcoin, and there has been a lot of confusing and misleading information out there through-out the past 8 years-ish.

Furthermore, normies may well also have limited financial circumstances, and some people are more limited in their finances than others, so even investing at $10 per week could have been a bit of a cashflow stretch for some people of limited means... or maybe a young person who is in college or early in his/her career and trying to make every dollar go as far as s/he can make it go.

So, in that sense "success" is relative, yet we can use the $10 per week as a kind of reasonable/meaningful measuring point to see if whatever you did had out performed what many of us had been suggesting that people do.. even going back 7-8 years.  I will admit that I was DCA investing into BTC almost 8 years ago, but I really did not say anything to anyone in the real world until about 1 year after I had already been into BTC... .. So, I have been saying something fairly similar and mostly consistent (even though I learned a few ways of presenting matters over the years, too) for the past 7 years in terms telling people to get off zero and at least to take a small stake in bitcoin, including DCA investing a small amount... and sure, if some people were quite reluctant to DCA, I would tell them to just figure out a lump sum target that is comfortable for them.. but yeah, many normie people who I met in the real world were not very receptive to BTC 7 years ago.. and they were also a bit patronizing or skeptical about my choices to invest in such seemingly magical internet money ideas.

In recent times, I have been gravitating up and away from $10 per week, because I believe that people should attempt to be more aggressive.. and surely there are still people who struggle with their cashflows, but I do consider $100 per week to be a reasonably aggressive stance currently.. and maybe a kind of equivalent to the $10 per week that I had been suggesting in earlier times.. .. it's equivalent to do what you can.. and there is justification to attempt to be somewhat aggressive.. so even if you have no ability to really lump sum, then these days $100 per week would be reasonably aggressive.. .. even though $10 was sufficiently aggressive in the past 7-8 years (excluding maybe the most recent 18 months or so).

[Biodom]

Ahead of the first Bitcoin-futures ETF set to trade tomorrow,
@JodieGunzberg
 of CoinDesk explains why the ETF is a "horrible choice" for investors. #Bitcoin $BTC

https://twitter.com/PowerLunch/status/1450179335051218946?s=20

I tried to explain it before, but it went over @JJG head and he/she "exploded" in indignation...as usual.
The vid lady is right, though.

[El duderino_]

Ahead of the first Bitcoin-futures ETF set to trade tomorrow,
@JodieGunzberg
 of CoinDesk explains why the ETF is a "horrible choice" for investors. #Bitcoin $BTC

https://twitter.com/PowerLunch/status/1450179335051218946?s=20

I tried to explain it before, but it went over @JJG head and he/she "exploded" in indignation...as usual.
The vid lady is right, though.

Most important = we all just keep our private keys ourselves
Though this is known from the start and repeat idly been mentioned ….

[ChartBuddy]

Explanation

[El duderino_]

[JayJuanGee]

I can't believe that a CEO of a major financial institution is quoted as studying the PlanB S2F model, which was created by a nobody.

Absolutely surreal.

https://www.cnbc.com/2021/10/17/bitcoin-bull-mark-yusko-sees-trouble-at-60000-says-its-overbought.html

“There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow model says we should,” the Morgan Creek Capital Management CEO and CIO told CNBC’s “Trading Nation” on Friday.

My comment was not so much a hit on PlanB's S2F model, but moreso that a wealthy elite with access to the world's smartest, highly paid quants is basing his bitcoin buying decisions on something created by the community at large. Just goes to show how clueless these people really are about the Bitcoin market.

Yusko has been into bitcoin for at least a few years, and likely was pro-bitcoin before planB had put out that S2F model...

In other words, Yusko is not a newbie entrant into bitcoin, in terms of the financial people who have been making probitcoin proclamations... Regarding his concern (or troubles) at $60k?  who knows?  Sounds like a weird but conservative claim that sometimes people will make to hedge their bets....

Traditional financial experts (such as Yusko) get these momentum matters wrong sometimes (and maybe even moreso with bitcoin in terms of trying to put bitcoin into some kind of box that does not quite fit... but surely Yusko seems to understand pretty well bitcoin's upside potential... and gosh any traditional investment advisor should be attempting to error on the conservative side.. seems to me).

Surely I have doubts about any kind of meaningful resistance at $60k.. but sure, I could see that there might be some concerns that a lot of ammo could get thrown at bitcoin in the sub prior ATH of $64,895, but seems a wee bit late to me to be trying to challenge Uppity momentum at these price points... especially since noman's land already started around $55k, and seems that odds would have been greater to try to stop Uppity momentum earlier (and around $55k-ish) rather than at around $60k-ish prices..,.but whatever, skeptics can skeptic all that they want... I doubt that king daddy gives too many shits.

Fully expecting for the hashrate to consolidate, and the price to start pumping. Hard.
Go BTC, go!

#ATH.incoming

Aw gawd.....   

NOT this hashrate leading BTC prices nonsense again. 

here we go!
we will see a new ath this night (cest)

Whew.. Pretty bold sorcery assertion...

"this night"?

timezone?

What time does night begin and end in terms of your prediction?

[eddie13]

Bitcoin is winding up stored energy to catapult through the ATH.. Gotta let them buy books stack up and let liquidity stack up on the buy side..
Get those liquidity maker bots comfy with the current price so they will chase it up and through the resistance..

Ofcourse their will be resistance breaking an ATH, especially such recent ones..
Their is even resistance to breaking small local highs..

See the bottoms getting higher? <good sign
Stay calm

You’ll probably wake up one day soon to $70k..
When it breaks $65k it’s going to immediately go to $66k-$67k Atleast in like 3 minutes..

[Torque]

Got to say I'm a bit disappointed: We just closed the weekly ATH a few minutes ago, are at 62,500 and there is not one picture of a train anywhere on this forum.

What happened?

After 8 straight years of Goxxing, FUD'ing, exchange exit scamming, Govt reg scaring, China banning, and Musk'ing, I'm all outta train and rocket pics.