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

[aysg76]

No reason to be Bullish on BTC?

*banks offering exposure to BTC
*more and more adoption
*more and more billionaires admitting HODLing
*more merchants accepting
*El Salvador currency with more countries looking close
*list can go on for a full page or 3-4…..

Models don’t mean anything to Hodlers as anything can change rapidly
Models are just a fun read and a hopium shot if there bullish, negative models I don’t know… always just skip them, like a bad movie or something

The adoption curve has grown substantially over all these years and which makes me bullish in the bearish run also :

See we are still trap in an early phase and there are still many left to hoard the ship and we can easily sail the inflation boat with normal dip waves coming the way which could not sink the boat and it will cross them sooner or later but you know the holders will survive in the next years and rest who will leave behind inflation blast will burst up you and nothing can safeguard you.

The demand has grown and we can see many worldwide renowned celebrities,music bands, rappers and games teams accepting it as mode of salary, payment to employees and holding them on balance sheet as well and i have made a topic for the same as well.You can see it here:

Growing Bitcoin demand among people....

There are many topics that can be given to show bullish run of Bitcoin in the long run.

Just have faith and be in bitcoin boat

[shahzadafzal]

I'm seeing a lot of signs of long term weakness and some signs of short term strength in the market.  This is usually the opposite of what I'm used to seeing.  I'd remain cautious here.  Price models are starting to break and the focus is turning to things like NFTs and coin burns while DeFi is still going strong even after the latest crash.  There isn't a whole lot of reason to be bullish on Bitcoin here in my opinion, but we haven't seen the multiyear blow off top that we typically see, so that remains the hope for a target.  I think it would be wise to have an exit plan ready if the right opportunity presents itself and starting to familiarize yourself with ways to earn a return from your crypto other than by 'price go up' might be a good idea.

No reason to be Bullish on BTC?

*banks offering exposure to BTC
*more and more adoption
*more and more billionaires admitting HODLing
*more merchants accepting
*El Salvador currency with more countries looking close
*list can go on for a full page or 3-4…..

Models don’t mean anything to Hodlers as anything can change rapidly
Models are just a fun read and a hopium shot if there bullish, negative models I don’t know… always just skip them, like a bad movie or something

That's exactly what's happening first banks tried to kill bitcoin and failed miserably. Now They're embracing it... just a day back I read this news

"German Savings Bank To Offer Bitcoin Trading: Report
Sparkasse, a German savings bank, is working to implement a bitcoin trading offering for its 50 million customers.
https://www.nasdaq.com/articles/german-savings-bank-to-offer-bitcoin-trading%3A-report"

What ever the banks or governments do eventually they will follow bitcoin but for some it will be too late.

+

*more and more billionaires admitting HODLing

[ChartBuddy]

Explanation

[Arriemoller]

I remember reading at the time that "freeze" refers to ice cream in japan and that the victim probably thought he was being offered a Halloween treat. It was October 31 and there were Halloween decorations in place. Trick-or-treating is usually done after dark.

The Wikipedia said the 17th which is way early for trick or treating. It seems they made an unfortunate mistake that shouldn't have resulted in death.

If I remember correctly it was a bunch of students going to a party (he was a exchange student) and he thought the party was in that house, but this is from memory.

[Arriemoller]

If I'm not wrong Texas has a law that let's you kill anyone entering your property uninvited after dark.
If I recall correctly the couple that shot the Japanese student did shout "freeze" several times and he did not stop, and it was after dark.

I believe this effectively applies to your residence. You can't just gun down the mormons walking up your drive, even if one is Mitt Romney.

No, I'm pretty sure it applies to your driveway and garden and such also, but I haven't actually looked it up.

[Arriemoller]

Why? Because it is completely arbitrary and does not accomplish what is intended.
Assume several scenarios:
1. A visitor from out of state was traveling, went to piss past a purple post. He/she has no idea, thinks that it is some kind of a decoration-bam, wham. Not exactly the same, but in Florida a nice Japanese student visitor was killed through the door when he was simply participating in Halloween celebration.
2. A local drunkard drove his truck past the "signs", went out to do #1 as well...bam..wham!

In both cases, those who do the shootin' would be dragged through the courts, charged with manslaughter, and even IF they prevail, it is DEFINITELY not worth it if lives were not REALLY in danger.
Protect the property? Well, bears and rabbits shit on your property daily with no recourse..well maybe they got shot too from time to time, which is fine.

Additionally, assume scenario #2 happened. If the guy/gal who was shot in this scenario was also local, you would NEVER be safe.
His or her relatives...they got 'them telescope rifles as well, don't ya think?

Again, shooting mere trespassers is not legal in any case. Urban legends, old wives tales and the fact that you would probably get away with it if you weren't completely stupid notwithstanding. It's merely supposed to be a no trespassing sign. Though I do agree that it's really not very good from the point of view of someone who has never heard of this totally non-obvious custom.

By the way, I do recall reading that there were other parts to the Japanese student (though I think that was Texas) that were not being reported (quelle surprise) which, while not making the event particularly better, do shine a different light on things.

If I'm not wrong Texas has a law that let's you kill anyone entering your property uninvited after dark.
If I recall correctly the couple that shot the Japanese student did shout "freeze" several times and he did not stop, and it was after dark.

Edit: i see now that it didn't take place in Texas so that law obviously wasn't applicable.

You are generally correct, however.  Texas does have this law.

And it is a tremendously civilized position in my opinion.  When you live in the country and come under a threat you MUST be able to defend yourself.  No one wants to be in that position.  And no one with any sense wants to carry the fact that they did ultimate hard to another human, even if justified.  But no one is going to be able to come to your aid if you are threatened miles away from any eve rough civilization, so you carry that responsibility yourself.

I have known a lot of country folks.  And they are, for the most part peaceful and kind.  They would help a stranger who came for help. But if you live out in the middle of nowhere and have someone come on your property uninvited (particularly at night), and then they do not respond to commands to halt...  Well there comes a point where the only sensible move is force.  It's known as Castle Law, or Doctrine.  And it is quite sensible in my opinion.

I agree with you, I only wish we had that law in Sweden.

What for? I've been to Sweden it looks literally the most peaceful country in the world. And trust me: you don't want to shoot at people. I served as a police officer for 4 years in 2003-2007. 

I don't want to shoot at people, but I do want the option if needed.
And it's not always as peaceful as it seems. I think it's called the most dangerous country in Europe right now because of all the shootings and bombings. A couple of shootings a day seems to be the norm now, there was one in Malmö yesterday.

https://www.thelocal.se/20210526/sweden-is-the-only-european-country-where-fatal-shootings-are-on-the-rise/

"From January 1st, 2018, to September of this year, Sweden has seen a total of 1,296 shootings, with 169 people killed as a result and another 460 injured."

https://www.breitbart.com/europe/2021/11/07/since-2018-sweden-has-seen-nearly-1300-shootings-169-fatal/

[bitcoinPsycho]

[ChartBuddy]

Explanation

[BitcoinBunny]

 

They are not even hiding it now. But the media is not helping to connect the dots. People should do that themselves.
When's the last time consumers in the UK spent £875 billion buying goods in a year? I reckon that is impossible.



Edit:
Furthermore this also shows how tiny the BTC marketcap currently is and thus how much further it will grow.
When 1 single centralised bank purchases MORE than that in useless "assets" (debt) without even 1 person objecting.

[Torque]

You might disagree with his focus (albeit not completely) on alts, but this is overall a very decent guy (Tyler aka Chico Crypto), imho.
Burned out.
https://www.youtube.com/watch?v=0_FWxlKRYBc
It's sad to see that being under stress of producing content daily did something quite bad for his mental state.
A very honest, jarring video.
Don't get the "game" get to you.

Getting off a daily grind in bitcoin and kind of moving to a long term picture has been very good for me this cycle vs 2017-2018-first excitement, then crash, pins and needles.

Dang, it really pains me to see guys like this who have a serious addiction to caring so fkn much about crypto TA. Something that they don't even realize is a complete waste of time and life. There's nothing more depressing and soul-crushing for a man than to sit around trying to make sense of and trying to predict something that you have absolutely no control over whatsoever. This is the exact same shit that destroyed the lives of many young wanna-be daytraders of penny stocks back in the last few decades. Many of them ended up in massive bankruptcy and committed suicide.

The guy needs to gtfo of shitcoins, stop looking at the prices, get off the internet, and go do something product with his life. Learn a skill, get a hobby, make friends, get a girlfriend, travel. Whatever. Invest in himself and his future.

There is no "game". There is only your dumb ass for thinking there ever was one. It's all a delusion, dude. smh

[fillippone]

Russian Ban:

Russian cenbank to seek ban on investment in cryptocurrencies, sources say

MOSCOW, Dec 16 (Reuters) - The Russian central bank would like to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto transactions, two financial market sources close to the central bank said.

Bitcoin is dead.
Next 24h are critical.
Confirmed.

[d_eddie]

Russian Ban:

Russian cenbank to seek ban on investment in cryptocurrencies, sources say

MOSCOW, Dec 16 (Reuters) - The Russian central bank would like to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto transactions, two financial market sources close to the central bank said.

OMG after China, here comes "Russia bans bitcoin"!
What will we do?
It sure is going to be the death of our lil friend.
And all the Russian oligarchs had better sell their stashes for rubles.
Amirite?

[ChartBuddy]

Explanation

[xhomerx10]

Saw on Twitter.

almost perfect, but instead of the sleigh we need the rollercoaster

 It's a Christmas miracle.

 
 

[serveria.com]

Russian Ban:

Russian cenbank to seek ban on investment in cryptocurrencies, sources say

MOSCOW, Dec 16 (Reuters) - The Russian central bank would like to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto transactions, two financial market sources close to the central bank said.

Bitcoin is dead.
Next 24h are critical.
Confirmed.

OMG we're screwed this is the end of it... haha NOT! HODLers not affected! 

[tertius993]

They are not even hiding it now. But the media is not helping to connect the dots. People should do that themselves.
When's the last time consumers in the UK spent £875 billion buying goods in a year? I reckon that is impossible.
 
-- image snipped for readability --

Edit:
Furthermore this also shows how tiny the BTC marketcap currently is and thus how much further it will grow.
When 1 single centralised bank purchases MORE than that in useless "assets" (debt) without even 1 person objecting.

£875 Bn is the total* purchases under the scheme since (I think) 2016 when it was instigated.  It's not an annual spend.

Edited to add: probably better to describe it as the limit on purchases they can make, not sure they have actually used it all yet.

[serveria.com]

The central bank is now in talks with market players and experts about a possible ban.

I bet these "market players" and "experts" own crypto themselves so it's very unlikely they will ban anything.  

[d_eddie]

The central bank is now in talks with market players and experts about a possible ban.

I bet these "market players" and "experts" own crypto themselves so it's very unlikely they will ban anything.  

My wild guess? They'll ban easy access for the plebs. U poor? Rubles it is!

(Or depending on your level of sophistication maybe dollars too,  USD safu OK, no risky is money very good!)

[ChartBuddy]

Explanation

[Torque]

OT: All this talk in the MSM about the "relief rally" in stonks, and how the market "liked" the hawkish Fed news about tapering and potential 3 rate hikes in 2022.

Lol, what bullshit. The stonk market only likes free money, and more of it. They in fact hate tapering, and really hate higher interest rates. And they could give a shit about inflation.

A bunch of shorts got hammered, that is all.

What everyone should be very worried about is when the Fed really *does* start seriously tapering and raising rates. That would start the clock, and mean that another global black swan "event" is right around the corner. By design.