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

[El duderino_]

Current Mood


https://twitter.com/phneep/status/1046264142611574784

Much more boring man.... but on my way for a very late breakfast (hope its not gonna be the headlight of this sunday)

Ok so its the highlight of todayoldschool breakfast and a small pump
Man do i love these moment and this f****** sunday place

via Imgflip Meme Generator

Keep on pumping into october ,hairry Said its a rally month so i’m ready to go

 Jesus Mic!  Based on what I'm seeing I hope you only eat one meal per day! 

btc'ers always have a big appetite as for DIPS as for food as for alcohols as for women etc

[El duderino_]

The first ever crypto bank opening in October in Zurich, Switzerland. 👍🇨🇭 #bitcoin gogo

[El duderino_]

God I wish XRP would just go away already.

Major fucking smug-storm brewing on Twitter.

back on 2

and even shouldn't be in TOP 100

but yeah there will always be flaws              (yeah to much XRP posts and reads everywhere, it will vanish)

[taratorly]

The first ever crypto bank opening in October in Zurich, Switzerland. 👍🇨🇭 #bitcoin gogo

It is an incredible development. Zurich is the important place for money world. I hope it will be good.

[Torque]

In all trading markets, there is no more true price or value discovery based on supply/demand anymore.

There are only two things : technicals (bot trading) and the media "narrative" du jour to support the technical trading.

That's it. (Hint: just look at the 1m chart, that literally shows what all the worldwide Average Joe retail demand there is on any given day. It's a ridiculously pitiful, miniscule amount).

So what do you think will be "the narrative" will be when Bitcoin's technicals turn over to start a new bull run?

Is there even a real narrative in the MSM? I don't think I've really read any article that was relevant or even interesting. Always hype or doom with some fluff that is quite often just flat out wrong. Seems like the only thing they're good for are figuring out when to dump a few coins or buy some more.

I've long theorized that the MSM "narrative" for Bitcoin has always been and always will be negative, primarily for two reasons:

1. Wallstreet doesn't own 90%+ of all bitcoin (like they do with tech stocks), never will, therefore they don't want to promote it (i.e., they can't game the system therefore they are disinterested anyway).

2. The whales that are interested in the Bitcoin market don't want Average Joe to find and buy the bottom. If they can keep up the negative narrative around Bitcoin, they can say "Stay away, there is no good time to buy!". They only want the public to buy the next ATH in the last few weeks and be bag holders.

[jojo69]

you may refer to me as LA the Legendary

A hearty congratulations sir.  Long awaited and well deserved.

Huzzah!

[LFC_Bitcoin]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Yeah come on mic, time to get down on one knee
Saying that, I’ve been with my girl 10 years now & she has no ring on her finger too

[Torque]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Right after getting a prenup. 

[realr0ach]

In all trading markets, there is no more true price or value discovery based on supply/demand anymore.  There are only two things : technicals (bot trading) and the media "narrative" du jour to support the technical trading.

The roundtable groups formed a club to rig all markets and they do so through the ESF and trading desks at places like the squid and JP Morgan.  So it is not that there is no market, it's that all the billionaires are colluding together on the same team.  In practice it's like having one single whale with almost infinite money vs a bunch of minnows.  Even good traders can make mistakes and lose everything, which they know, so they created a rigged system in order to try and keep themselves in power forever.  Anyone familiar with cryptocurrency technicals can spot that this is an obvious fragile, closed entropy system that's doomed to catastrophically collapse.

Or how I already explained things they do before:

In the GATA archives for metals, it was admitted by the govt that they try to introduce volatility into the metals market using the ESF in order to make them look like a less stable store of value so they can pretend the dollar is somehow more stable.  The ESF itself might even be running the bitcoin pump and dumps doing the same thing here.  Create bubbles then catastrophic collapses over and over ad infinity...in everything...then you pretend the dollar is stable.  Meanwhile, they literally hand out a blueprint of when and where the pump and dumps will occur to a select few oligarchs to make sure they can continuously stay in power and never lose a bet.

[El duderino_]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Yeah come on mic, time to get down on one knee
Saying that, I’ve been with my girl 10 years now & she has no ring on her finger too

BOB my girl would consider you to be a good friend, but i never see the real meaning of getting married... to buy a nice ring wouldn't be a problem, but she's not a real jewelry carrier

and so first its LFC that has to drop the knee .... i'm only with my GF for 5,5 years  (livin together from day 1 also little unusual)

[goldkingcoiner]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Marriage makes Mescaline seem like... Gingerbeer, man.

[BTCMILLIONAIRE]

In all trading markets, there is no more true price or value discovery based on supply/demand anymore.

There are only two things : technicals (bot trading) and the media "narrative" du jour to support the technical trading.

That's it. (Hint: just look at the 1m chart, that literally shows what all the worldwide Average Joe retail demand there is on any given day. It's a ridiculously pitiful, miniscule amount).

So what do you think will be "the narrative" will be when Bitcoin's technicals turn over to start a new bull run?

Is there even a real narrative in the MSM? I don't think I've really read any article that was relevant or even interesting. Always hype or doom with some fluff that is quite often just flat out wrong. Seems like the only thing they're good for are figuring out when to dump a few coins or buy some more.

I've long theorized that the MSM "narrative" for Bitcoin has always been and always will be negative, primarily for two reasons:

1. Wallstreet doesn't own 90%+ of all bitcoin (like they do with tech stocks), never will, therefore they don't want to promote it (i.e., they can't game the system therefore they are disinterested anyway).

2. The whales that are interested in the Bitcoin market don't want Average Joe to find and buy the bottom. If they can keep up the negative narrative around Bitcoin, they can say "Stay away, there is no good time to buy!". They only want the public to buy the next ATH in the last few weeks and be bag holders.

That seems pretty much point on. Especially the second point, as whenever MSM starts hyping Bitcorn a reversal is usually just around the corner.

[sirazimuth]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Yeah come on mic, time to get down on one knee
Saying that, I’ve been with my girl 10 years now & she has no ring on her finger too

BOB my girl would consider you to be a good friend, but i never see the real meaning of getting married... to buy a nice ring wouldn't be a problem, but she's not a real jewelry carrier

and so first its LFC that has to drop the knee .... i'm only with my GF for 5,5 years  (livin together from day 1 also little unusual)

1st the engagement ring
then the wedding ring
followed by the suffer ring....

[drays]

Tera admittedly had an INTJ personality, which means she would express neither definite female, nor definite male behavior. Well, closer to male, regardless of actual sex. INTJs are analysts with contrarian approach to everything.

I didn't read all of her older posts, but what I have seen during last half-a-hear, was not subjectively bullish or bearish - just an objective analysis based on reality, without any bias.

I really miss her here, as she was one of the most interesting posters (to me at least), with fresh and independent approach to things. Without a contrarian its too easy for a group/thread to be deluded.
If she reads this (which I strongly doubt) I would ask to come back (if that doesn't make her health issues worse, of course).

Does that mean that she was being contrary for the mere sake of being  contrary?  That is both annoying and troll-like behavior, no?    I understand that some people might find that interesting, but it seems that if you find it interesting, you are merely wanting to get entertained by the stirring of shit, rather than attempting to engage in meaningful battles of information and conclusions based on facts and logic rather than just picking out some random and inimportant contrarian point?

Anyhow, she seemed more like a troll and a shit stirrer rather than someone who might be well-intentioned and attempting to make meaningful contributions to dialectical discourse... as you seem to suggest her intentions to be good or at least the ends justify the means, perhaps?

Well, probably I was not expressing myself well enough - my English is still far from being good and definitely cannot be compared to yours.
When I told "with contrarian approach to everything", I meant more of an "independent and original approach to everything". Being independent thinker and picky/critical at the same time, very often means to become contrarian, and so stand against the crowd. Many people hate them. Contrarians add new viewpoint to discussion, sometimes just to play, but often to help, as group will be able to see things from multiple viewpoints and get better understanding of the complex topic. However this could be annoying to some people, especially those who prefer "being right" to "being more informed" - so called "soldier"-type of person.

And, truly saying, I do not see any connection between being contrarian and "stirring of shit". If you are discussing/investigating shit, then yes, it would be useful to stir it, so you feel the smell better and so get better feel of the subject heh.. But if you are discussing another (non-shit) topic, contrarian often provides arguments and new information (including facts and logical conclusions) to defend his/her views. This is how I see Tera and her input. She was nothing like a troll. More of like a highly intelligent and educated person (woman), who was often bashed for having different opinion.

Whatever. People are different, have different values and appreciate different things. I for one, prefer new ideas, information and discussion to food pictures and and memes. But I understand others have different preferences. That's normal

[JayJuanGee]

This is my best match against a 2014 scenario.



https://www.tradingview.com/i/YSYQZwmF/

I would accept that scenario right away (which holder wouldn't?).

Even though the scenario could happen, as a fellow HODLer, I don't accept it... at least not readily.

The scenario calls for an additional 50% down, based on an overlay of 2014/15 which were different circumstances than we find today.  Yes, it could happen, but it is far from a given, and it is even reasonable that the bottom is already "in". 

Unfortunately there is a high probability that futures markets (CME/CBOE/etc) have indeed sorta "tamed" Bitcoin and we won't see neither those lows nor those skyrocketing highs, at least not in that relatively short timeframe. But... I only know that I know nothing and anything is possible.

Your last sentence seem to be the most important, and even though the theories like to suggest that bitcoin has been "tamed" and volatility has gone down forever, how are they really going to tame it, when we still have way less than 1% of world adoption and a whole lot of stupid ass crazy with the alts too?

Financialization of bitcoin has both its ups and downs, but even a lot of those folks are still acquiring bitcoin and they want to "get rich" too, especially if they are able to take advantage of the least resistance when it happens, and when such "least resistance" happens to be UP, they will also join in on the buying frenzie... which seems to be a matter of "when" rather than "if".

I am "poor" already... If it is on the cards that I will be "sufficiently rich" someday just because of crypto... so be it.

Whoaza!!!!  you have been registered here since early 2013, weren't you able to accumulate some BTC over the years?   At least enough to have decent profits, even though you might not be "rich" yet, the decent profits should have removed you from "poor" status, relatively speaking, no?

In the meantime I will be working on other potentially profitable stuff to raise my probabilities of reaching that status one way or another.

It does not hurt to continue to accumulate BTC and even to have some kind of cashflow coming in and to use a decent amount of that cashflow to buy BTC.  Hopefuily you don't delve into gambling and become desperate about becoming rich, which does not usually work as well as a sound investment strategy, such as accumulating BTC....

The next months/years are critical guys.

Agreed.

[Resumean]

Low-key game changer. Price tag with actual BTC price.

[LFC_Bitcoin]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Yeah come on mic, time to get down on one knee
Saying that, I’ve been with my girl 10 years now & she has no ring on her finger too

BOB my girl would consider you to be a good friend, but i never see the real meaning of getting married... to buy a nice ring wouldn't be a problem, but she's not a real jewelry carrier

and so first its LFC that has to drop the knee .... i'm only with my GF for 5,5 years  (livin together from day 1 also little unusual)

How did that happen man?

[El duderino_]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Yeah come on mic, time to get down on one knee
Saying that, I’ve been with my girl 10 years now & she has no ring on her finger too

BOB my girl would consider you to be a good friend, but i never see the real meaning of getting married... to buy a nice ring wouldn't be a problem, but she's not a real jewelry carrier

and so first its LFC that has to drop the knee .... i'm only with my GF for 5,5 years  (livin together from day 1 also little unusual)

1st the engagement ring
then the wedding ring
followed by the suffer ring....

exactly but the SUFFER ring is the one you get in return .....

[JayJuanGee]

I haven't done the full Math on this, but isn't that a back and forth kind of game (due to the presence of traders and speculators)?

Correlation vs Causation.  This is the Captain speaking.  If there is a statistician on board, please press the call attendant button to identify yourself to the cabin crew.  

From that perspective you can spin the argument up from both sides. The price is a result of the difficulty, as it dictates the supply. The cause that you speak of can be arbitrarily picked here. (Infinite difficulty = no coins = no price, hence the presence of a difficulty creates a price)

Except this isn’t really accurate. Difficulty adjusts both up and down. With a low enough difficulty I can run the entire Bitcoin network on my 2009 laptop.  Any decrease in supply due to a rapid decrease in hashrate is inconsequential on a multi year time line.

I should've clarified that I meant the initial difficulty for the genesis block. A difficulty so high that no coins can be mined results in no coins and thus no price, and a difficulty so low that arbitrarily many coins can be mined by anyone would result in a price of zero. Hence, the difficulty came first, and the price came after. Even without these edge cases, you need to mine coins first before any price can be set though. Alas, you can spin this up either way by including or excluding exotic scenarios.

Your extreme scenarios are so far out there as to be unrealistic because the algorithm allows for blocks to be mined every 10 minutes and the difficulty is adjusted every 2 weeks in order to attempt to approximate the 10 minutes for every block time line.

Otherwise, I agree with you about the back and forth feeding rather than it being just a one way cause and effect.

Furthermore, price is fed by a whole hell of a lot more than mining, and both of you seem to understand enough that miners might be playing more of a long term game rather than a short term game, and they will hold through bad periods, but perhaps for only so long.  There is going to be a lot of variance, and in the longer run, the more efficient miners should be able to survive longer while the less efficient miners might find it more profitable to merely buy the coins rather than attempting to mine them.

[El duderino_]

https://i.imgflip.com/2j1zt1.jpg

I couldn't help but notice the distinct lack of a ring on a particular finger.

As your attorney, I advise you to take a hit out of the little brown bottle in my shaving kit. You won't need much, just a tiny taste.

Then, put a ring on that finger.

Yeah come on mic, time to get down on one knee
Saying that, I’ve been with my girl 10 years now & she has no ring on her finger too

BOB my girl would consider you to be a good friend, but i never see the real meaning of getting married... to buy a nice ring wouldn't be a problem, but she's not a real jewelry carrier

and so first its LFC that has to drop the knee .... i'm only with my GF for 5,5 years  (livin together from day 1 also little unusual)

How did that happen man?

haha little like in movie's or something .... get the know each other a few weeks , went out few times and the night when i pulled the hamer (first kiss and the rest) she slept over and didn't left anymore .... i more and more asume that she had a vision or some that 1 day i would get involved with BTC or so...

#when BTC gets boring we turning ourselfs to relation things and shit 

give me a BOB