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

[Totscha]

Wake up with a boner

A boner with a purpose!

[LUCKMCFLY]

Bitcoin and Gold ...

Interesting chart: Bitcoin has been increasingly correlated with gold (although the correlation level is still relatively low).
@100trillionUSD
 
@MarkValek
 
@MarkYusko
 #btc #gotgold

Source: https://twitter.com/RonStoeferle/status/1202914857043058689

[ataArt]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

it can happen much earlier

[Bossian]

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
 version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

I agree with that, but it will be a failed rally (posted a thread about it). Bitcoin history has a lot of failed rallies, it will be one of them (the same as March-April 2018 period). Anyway buying at 7.3k is pretty good in anticipation of this rally.

[dragonvslinux]

According to the chart, the behavior clearly indicates that we are at the beginning of a good bullish rally.

4/ Also keep an eye on Bitcoin Network Momentum

At this point in prior cycles, we saw rapid increases in on-chain BTC volumes for 6-10wks b4 bull market started

Worth watching for now to see if this repeats following recent uptick

@woonomic
 version with coinmetrics data is 🔥

Source: https://twitter.com/PositiveCrypto/status/1202627555016220674

It's true we're still holding up a form of support trendline from the start of the year regarding network transaction volume which is a good sign.



We did dip below it briefly but popped up above again.

[JimboToronto]

Good morning Bitcoinland.

Trudging along sideways I see... currently $7381USD/$9725CAD (Bitcoinaverage).

Ho freaking hum.

Hey WO gang

I found something for the HODLsleep:

https://www.bitlisten.com/

Wow. There's a blast from the past. Is that old site still running?

It's a reincarnation of the original Listen to Bitcoin site.

It seems the guy who created it sold it and the new owner infected it with a trojan. It created quite a stir about 6 years ago. Needless to say, it was discussed here in the WO.

https://blog.malwarebytes.com/cybercrime/2014/01/musical-bitcoin-bubbles-serve-java-applets-malware/

The original owner revived it, malware-free, and changed the name to Bitlisten.

Thanks for bringing back old memories.

[fillippone]

Innovation in BTC

Relatively new initiatives and show a more complete picture of Bitcoin stack technology.

Users when using Lightning can make transactions privately on the use of additional techniques and network layers, such as Tor, from here the percentage of private use of the lightning network can be estimated by analyzing the number of channel opening transactions in the chain compared to the number of public channels outside the chain.

Bitcoin, in its totality, is a constantly evolving suite of protocols.

Source: https://medium.com/@LucasNuzzi/a-look-at-innovation-in-bitcoins-technology-stack-7edf877eab14

I opened a thread in the technical section referencing every boxes with their respective thread here on the forum!
A Look at Innovation in Bitcoin’s Technology Stack [complete with references]

<...>
Thanks for bringing back old memories.

You are welcome!

[DeathAngel]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

it can happen much earlier

$150,000 per BTC before 2023, I think & hope.
If we reach the halving at around about $10,000 per BTC then it’s only x 10 to reach $100,000 & we’ve seen that after each halving so far (at least).

[Walt Dyer]

https://imgur.com/a/MXXnNFk - Hi guys. I have never written anything here. This is my first post. But I have been trading since 2017. I wanted to share my charts.

[Bossian]

https://imgur.com/a/MXXnNFk - Hi guys. I have never written anything here. This is my first post. But I have been trading since 2017. I wanted to share my charts.

That is an ABC correction (zigzag), many have talked about it lately, you won't find much support on this forum though.

I cannot see clearly a specific date on your picture, but 5k (if it happens) is expected mid-2020 (more or less during the halving). I am not sure if the halving has been priced in already, but either it is priced in, or it won't be priced in before 2022-2023 period.

Welcome to the forum.

[jojo69]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

[Walt Dyer]

I also wanted to say that I constantly draw some analogies with other professions while trading. And sometimes I feel like a pilot of Boeing or Airbus, who is more comfortable flying in the clouds in low clouds and landing sometimes he can even mix up where the top and bottom.

 We also look at the chart and see one thing, and the indicators set our brains in place and say something else. The chart itself is a cloud, if you look at it, you can't understand anything. Therefore, you need to navigate by indicators, and indicators are the technical analysis. They say what really happens.

I am from Russia and my English is not quite good. I'm sorry.

[cAPSLOCK]

Bitcoin is bearish for the first time before the halving. Is it because the futures market is surpressing the price?

Something I have been thinking about for a while now...

[jojo69]

"crash" to 6700 or a breakout of the downtrend since October

we got to do something here before long

[cAPSLOCK]

Source: https://twitter.com/CryptoGulp/status/1202777316000256000

I'm wondering why Tether is traded so much. Any ideas ? I'm not a trader, so... yeah.

Because it was a way to use the USD while concentrating the legal/counterparty risks to some teeny island where everyone is laughing.  But seriously... that's really basically it. 

[d_eddie]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

{long ass list of people Bob bought a beer for, from a loose comment he made while drunk, which proves he is a man of his word. [He also offered me one even though I had only been lurking during that time]}

He's unhinged, here is a link to his trust flag if you guys haven't supported it yet.

https://asktom.cf/index.php?action=trust;u=2580400

I've added my support to Lauda's warning, and added a trust rating of my own (without flags though, since I never came into direct contact with The Nutter Above All).

[Globb0]

The tiny island slips on downstream. For the light that lived is dead.

[LFC_Bitcoin]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

{long ass list of people Bob bought a beer for, from a loose comment he made while drunk, which proves he is a man of his word. [He also offered me one even though I had only been lurking during that time]}

He's unhinged, here is a link to his trust flag if you guys haven't supported it yet.

https://asktom.cf/index.php?action=trust;u=2580400

I've added my support to Lauda's warning, and added a trust rating of my own (without flags though, since I never came into direct contact with The Nutter Above All).

I already left him negative trust in April 2019, raving lunatic.

The tiny island slips on downstream. For the light that lived is dead.

Globb0, what have you been smoking?

[OROBTC]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Unless it is merely coincidental, I have no plans to change my ways... hahahahaha  Good luck.

Regarding my earlier post about the diptwat, the only one blah blah blah.. I hate drawing attention to the guy or his thread, but I really resent posting in any thread in which the OP (thread owner) has a penchant for deleting posts.  

Although could be that any deleted post could be reposted in some thread in which substantive posts are not deleted.. to the extent that the deleted post has any meaning outside of the context of the thread.  

Probably the vast majority of forum members do realize that self-moderated threads on a controversial topic tend to be mere propaganda pieces, yet I suppose that there are some members who don't realize the difference between a self-moderated thread and one that is not.

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Are you asking gravity to not tug so much?

Exactly.

MERITED for, well, positive and shit.  Shine on, guys!

I like reading the loooong versions, at least if the topic is interesting.  If not I move on.  Can't fight gravity and all.  It's all good.  This is fine.

[LUCKMCFLY]

Fully in accordance with Plan B...

Governments fight money laundering, terrorist financing and protect consumers with AML/KYC targeting bitcoin, but sacrifice privacy.

But why? Banks do money laundering, terrorism is not a big threat and KYC puts consumers at risk (eg Equifax): BTC doesn't need personal data!

Source: https://twitter.com/100trillionUSD/status/1202948823460524032