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

[ChartBuddy]

Explanation

[shahzadafzal]

“He” still holds bitcoin.

Of course he does.

Keep us above 60

Closing above $60k for 10 consecutive days and counting.

[ChartBuddy]

Explanation

[Paashaas]

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

[lightfoot]

Well that makes sense. How else will China "Ban Bitcoin" again?

[somac.]

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

I really really really hope they don't. The CCP are a pack of evil bastards, best if they have nothing to do with bitcoin.

[ChartBuddy]

Explanation

[Paashaas]

The crypto economy is about to expand.

Mastercard is preparing to announce that any of the thousands of banks and millions of merchants on its payments network can soon integrate crypto into their products, CNBC has learned.

That includes bitcoin wallets, credit and debit cards that earn rewards in crypto and enable digital assets to be spent, and loyalty programs where airline or hotel points can be converted into bitcoin.

To do so, the payments network is partnering with Bakkt, the crypto firm recently spun off by Intercontinental Exchange, which will be the behind-the-scenes provider of custodial services for those who sign up, executives at the two firms told CNBC.

https://www.cnbc.com/2021/10/25/mastercard-says-any-bank-or-merchant-on-its-vast-network-can-soon-offer-crypto-services.html

[ChartBuddy]

Explanation

[Torque]

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on" 

[philipma1957]

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on" 

They will flood market with gear sales will begin in Jan or Feb.

We are very much matching to 2017 which end in a huge bull rush.

2018 was a flood of gear for months on end. So maybe just maybe 🤔 it is not so differently after all.

[Dabs]

China is thinking about unbanning bitcoin mining after price rise and started a new research.  ...lol.

https://digesttime.com/2021/10/24/china-is-thinking-about-unbanning-bitcoin-and-started-a-new-research/

Translation: "Tell the chinese miners to turn the bitcoin mining rigs back on"  

They will flood market with gear sales will begin in Jan or Feb.

We are very much matching to 2017 which end in a huge bull rush.

2018 was a flood of gear for months on end. So maybe just maybe 🤔 it is not so differently after all.

If the rigs are still in China. It's possible the rigs actually physically moved from China to other countries and run from outside China. In which case, there is no incentive to return unless China either forces the miners somehow, or pays them to do so, or electricity rates have subsidies or support or something. It is unlikely they will get back the older miners, but they can try to encourage new ones. They effectively kicked out their exchanges as well. No existing exchange is going back, it will be new ones.

China shot themselves in the foot.

[ChartBuddy]

Explanation

[RejectedBanana]

https://www.nytimes.com/2021/10/24/business/media/facebook-leak-frances-haugen.html

Ms. Haugen, in our phone interview, also resolved a minor mystery: whether she’s quietly relying on the financial support of Pierre Omidyar, the eBay co-founder whose groups started working with her in October, as Politico first reported.

The reality, she said, is that she has her own financial resources, and has accepted help from nonprofit groups backed by Mr. Omidyar only for travel and similar expenses.

“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” she told me.

 

[eXPHorizon]

Ya might find this funny but it is true. The fish in the Sea are drowning...

[marcus_of_augustus]

https://www.nytimes.com/2021/10/24/business/media/facebook-leak-frances-haugen.html

Ms. Haugen, in our phone interview, also resolved a minor mystery: whether she’s quietly relying on the financial support of Pierre Omidyar, the eBay co-founder whose groups started working with her in October, as Politico first reported.

The reality, she said, is that she has her own financial resources, and has accepted help from nonprofit groups backed by Mr. Omidyar only for travel and similar expenses.

“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” she told me.

 

.... pretty sure this bitch is a spook or intelligence asset that is trying to use the recent public campaign of hate against social media to torpedo FB plans for end-to-end encryption roll out

... we've known for years FB and socials are toxic cesspits, so after embedding herself in FB for less than 2 years she comes out with this 'whistleblower' crap that has been obvious for anyone looking from the outside what FB has been doing to young minds

... the spooks have been happy to turn a blind eye to FB social crimes while they have been major beneficiaries of gaining all that juicy surveilled data and privacy-raping their citizens .... now suddenly they grow a conscience when FB rolls out end-to-end encryption plans?

.... cry me a river scumbags, after fiat banksterism, intelligence agencies are the biggest hindrance to freedom and good things, they're becomng a plague on humanity

[Sayeds56]

https://twitter.com/Greg_Flor/status/1450446642239270916/photo/1

[cAPSLOCK]

All this price action... But so little retail volume.

This is incredibly bullish in my opinion. 

Who is buying?

[ChartBuddy]

Explanation

[JayJuanGee]

Observing $62,376 = Better!
Let’s begin a slow grind up to $70,000 this week.

Have a good one today boys.

I could well live with +$10k per week.
LFG, ChartBuddy!  

I was beginning to consider $1k per day or some variation of that, but then realizing that bitcoin does not work like that.. so we might start to get $1k per day then all of a sudden we get a $10k day.. perhaps? momentum was down just yesterday-ish.. and then we had nearly 24 hours of reversing.. so then.. has the baby-sized (or would it be ant-sized?) down reversed?  Could be, no?

Actually, another thing that I thought of regarding a kind of gradual scenario is that at some point we have to get suspicious regarding "why isn't there no battle?"  So, even if the battle is not constant, it seems that we should want to see a "battle" every once in a while, just to be able to appreciate that whatever move is happening is real rather than just cooperating whales causing the price moves to happen.. and it gets so much better and exciting when the whales lose control... .. for example I doubt that the bearwhales wanted the price to get above $43k/$46k in early August.. but they likely did not really have a choice.. and I doubt that they wanted the price to get above $53/$55k in early October, and they likely did not have much of a choice at that point, either.. my tentative thinking....

And, they do not really like that we continue to be in noman's land because there is not really much that they can do about that, but that bridge was crossed in early October.. so it is largely just a matter of getting through this.. with only token battles along the way.. perhaps?  perhaps?

Here is a drawing I made to summarize the hyperinflation debate surrounding @jack tweet. Economists dont realize the best way to measure USD inflation is to measure #BTC  - which is the exit path of least resistance during a monetary collapse.


https://twitter.com/jasonplowery/status/1452262671957610496?s=21

The drawing is missing PMs... in that regard, there are some guys (economists) who are still measuring PMs also.. sure maybe the ones measuring PMs is a shrinking minority, but there are still some who believe that gold and silver have chances in these here trying times.

Keep us above 60
~
Otherwise I’m forced to start buying little dips…

Good idea, I like it! I created a buy order at €60, just for the hell of it
Now I wait for a fat finger flash crash.

Whoaza!!!!!!!   Gonna have to label you as a troll soon Loyce.. (alternatively a bitcoin naysayer, nocoiner, undercoiner, fence-sitter, DOWNity aspirationalist or some other variant of those titles)

 

 

I'm not trolling, I really did it Okay, maybe the buy-order itself could be considered trolling, but the exchange doesn't seem to mind.
I may be dreaming, but flash crashes do happen sometimes. Remember the drop to US$0.06?

I vaguely remember something like that happening.. (and your link shows it as 5 years ago).. and yeah it has happened on other exchanges from time to time (other trading pairs, too).. so sure, something like that could happen... sometimes they reverse it, too.. that has happened, as well.  Gemini did it within only a few months of their opening.. wasn't the opening about summer/fall 2015 so the reversal was a few months later.?