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

[LFC_Bitcoin]

Observing - $9,782.

Looks like we’re going up again. If I was a betting man, which I am.... I’d definitely say we’re going to break $10,000 this weekend.

I would like to go sideways for a bit though, I really don’t want a meteoric rise & flash crash. At this rate we’re going to see a new ATH BEFORE the halving.

Like I said, be really good to slow down a little.

[realsteelboy]

9800 broken.

Anybody have a slight feeling we’re pumping too much, too fast? I think we’ll touch $10,000 but it wouldn’t surprise me if we corrected to $7,500 ish.

Yes but I think more like around 8700. It has to be go down. Then a few weeks later we go easy through 10k. Just like 9k took some time. Pure speculation. I am hodling. So this is no advice to sell. It could also go to 15k and never come back.

I think 8000-9000 for the dip

[wayna]

I think there is a significative chance to have a pull-back within a couple of weeks.

That’s fine and may well happen. But don’t short it. We have moved from a baby bull market to a toddler bull market

Toddlers have not developed higher cognitive functions and so are prone to irrational fits of rage.

We appear to be heading north again this fine morning.

After all, it makes sense, so I am still hodling

I am very curious to see when this bull trend will stop or implode, anyway... comparing it to the beginning of the year, the price is not stationary anymore.

The 2020 will be a hot year.

[vapourminer]

As for upside on digital shitcoins, as I've said a million times already, you cannot rig the price of Bitcoin to like $60k while cost of production is $3-6k.  People would never buy the $60k coins when they can just mine it for 1/10th the price. 

so.. the average person, who can barely run a computer, will buy asic(s), join a pool and setup a wallet (as many exchanges dont like miners paying direct to them, but maybe thats changed), and send the pool payouts to maybe an online wallet, maybe a hardware wallet, whatever. then send to an exchange.

and take the time to figure all that out from scratch (and probably make mistakes or get burned in the process) just to acquire some btc. when they can just join an exchange and buy it right now (yes at a premium vs a miners cost), no fuss no bother. quick and easy.

so yes many people will pay more, possibly a lot more, than the mining cost to acquire btc. after all they will still profit if the price goes up. miners will make more (at the time and expense of acquiring, setting up and maintaining asics and pools) but profit is profit.

[Globb0]

[El duderino_]

Few weeks back a guy wanna buy 20K worth of corn, but we just had a fast forward towards 5K, a guy said maybe wait a bit cause of a pullback might happen....

The initial buyer didn't waited @7K+ (this is in €....)

Also makes me realise that every day there are new people getting introduced into BTC, and when I had my first @350-ish, I didn't know what kind of awesome thing I owned....(I say my actual buying is way less as my winnings but still I was always boss of myself how to treat my BTC of-course and always HODLed)
But when it was @750-800$ I bought a piece for cash again and this particular situation I had seen the 1300-ish top (pre-bullrun) and didn't hetitate with buying as I better understood BTC I didn't think like I could of bought 10$ if I known more early etc or cheaper as I did cause you know what, I didn't knew BTC at that time...

This is what I experience more today people that are actual buying are the same as me just a later stadium of BTC-timeline
They bought or could bought at 3K-ish (my 350$)

now they can buy 10K as they see 20K as a top, almost similar as my 750-800$ when I saw almost 1.4K as a top ....

People that where not around earlier completely think different with buying, people are more buying PIECES of a BTC or a few whole if they are able to buy .... market and people into keep evolving

What a market, what a time we are presented with, love it, love tha CORN

[vapourminer]

10k Tonight? Go!

TBH, I'm hoping for a small pullback, so I can BTFD before $10k, and finish off acquiring another whole kernel of corn (Currently at 0.72 BTC purchased on dips). Not going to FOMO at these levels, despite having the cash already loaded on the exchange.

ive been doing the dca thing with small amounts of fiat (and some smalltime shitcoin mining autoconverting to btc) for a while. but a few days ago i just said screw it and pulled the trigger with a larger amount of fiat for some extra corn.

im to lazy to try and find and track the dips, although i have laddered buys and sells on an exchange that have worked out fairly well so far. i do shift those up and down occasionally as needed.

so i dont really worry about pullbacks or corrections (or spikes) when buying, im long term hodl for the most part so it works out ok for me.

[vapourminer]

HODLSLEEP!!

er, that word is trademarked by mic already  

only until CSW claims he came up with the term 1st and challenges mic for the trademark.

[CryptoNeed]

HODLSLEEP!!

er, that word is trademarked by mic already  

only until CSW claims he came up with the term 1st and challenges mic for the trademark.

[Dakustaking76]

Anybody have a slight feeling we’re pumping too much, too fast? I think we’ll touch $10,000 but it wouldn’t surprise me if we corrected to $7,500 ish.

No we dont go to fast, if you look at the charts from 2017. Then this is nothing comparing to that.
In 2017 we rised in a single day more then $1000 so...

Think again when we go fast to fast then you will see a rise more then $1000 in couple hours.

[infofront]

Anybody have a slight feeling we’re pumping too much, too fast? I think we’ll touch $10,000 but it wouldn’t surprise me if we corrected to $7,500 ish.

Yes but I think more like around 8700. It has to be go down. Then a few weeks later we go easy through 10k. Just like 9k took some time. Pure speculation. I am hodling. So this is no advice to sell. It could also go to 15k and never come back.

The "it has to pull back" line of thinking is why so many people missed out on cheap coins this year. Tone Vays and his followers are still waiting for $1,000.

[Paashaas]

I Tried Using Facebook’s Libra Blockchain. It Didn’t Work.

https://www.bloomberg.com/opinion/articles/2019-06-20/facebook-s-libra-cryptocurrency-isn-t-actually-supposed-to-work?srnd=opinion

[VB1001]

Gold/Bitcoin ratio: That is, how many Bitcoin does it take to buy one ounce of gold. How few Bitcoin will it be someday?

https://twitter.com/Pladizow/status/1141754107780317184

Infallible strategy of the good investor BTC (weak hands):
Buy high
Sell ​​under
Then invest in gold to compensate.

[cryptjh]

<-- MicG's 10k hat

Anybody want to help him out?  Pick one

Great hats, I will wear this one

[lightfoot]

9858 on Bitstamp. Not a bad way to wake up in the morning....

[pereira4]

So I'm thinking this libra nonsense will get heavily regulated, the states would be insane not to. And that will then be used as an excuse to regulate crypto in general, and bitcoin especially. It might be a good time to get around to moving elsewhere for those planning to do so.

Zuckerberg is not going to compete against the Federal Reserve.. only collaborate with the NSA. There isn't going to be competition against it all of a sudden. Only Bitcoin can survive in the wild doing it's own thing. A private centralized company like Facebook cannot ever issue their own money, they will use whatever US government allows.

This is another digital USD "stablecoin" thing. Nobody cares. It is either neutral or bullish for Bitcoin as it once again gives it free publicity and makes its case even more obvious for the idiots that still don't get it. Just wait for their Libra wallets to shrink every time they make the wrong political opinion on social media.

If Zuckerberg doesn't want to cooperate with the US, they will get shut down or they will try to move to other jurisdiction and release Libra ZV (Zuckerberg Vision) or whatever the fuck.

[rdbase]

9858 on Bitstamp. Not a bad way to wake up in the morning....

Only $142 from $10k.
Is this the real life?

[lightfoot]

9858 on Bitstamp. Not a bad way to wake up in the morning....

Only $142 from $10k.
Is this the real life?

As they say, this is fine....

[rdbase]

9858 on Bitstamp. Not a bad way to wake up in the morning....

Only $142 from $10k.
Is this the real life?

As they say, this is fine....

If it is fine then what meme is for $10k?
Full super sayian?

[Ibian]

So I'm thinking this libra nonsense will get heavily regulated, the states would be insane not to. And that will then be used as an excuse to regulate crypto in general, and bitcoin especially. It might be a good time to get around to moving elsewhere for those planning to do so.

Zuckerberg is not going to compete against the Federal Reserve.. only collaborate with the NSA. There isn't going to be competition against it all of a sudden. Only Bitcoin can survive in the wild doing it's own thing. A private centralized company like Facebook cannot ever issue their own money, they will use whatever US government allows.

This is another digital USD "stablecoin" thing. Nobody cares. It is either neutral or bullish for Bitcoin as it once again gives it free publicity and makes its case even more obvious for the idiots that still don't get it. Just wait for their Libra wallets to shrink every time they make the wrong political opinion on social media.

If Zuckerberg doesn't want to cooperate with the US, they will get shut down or they will try to move to other jurisdiction and release Libra ZV (Zuckerberg Vision) or whatever the fuck.

Collaboration would not bring any less regulation, or any slower.