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

[JayJuanGee]

Bitcoin explosion is in the air.

The volumes at Bakkt are broken almost daily. If we assume that the volume on a coin market cap is 90% fake and Bakkt represents true volumes, then Bakkt is now more than 1 percent of the total volume on market cap. Here Bakkt comes to the point that they need so many bitcoins that there will be a shortage on the market. It is only a quarter to two in the afternoon and the trade in America has yet to start and Bakkt is already at 10 million volume. Today or tomorrow, Bakkt will cover the 25 million bitcoins. That is equal to 1 / 8000th part. Enough to make the market explode. I expect the bitcoin to be at $ 25,000 within a month. Then another 50,000.
Now maybe. the moment to buy in

A friend just send me this true what’s app from one or other Belgian link, I don’t know (can’t provide) the true source, but what you thinking about this??

#hopium.....

Personally, I am starting to question some of this BAKKT volume too.  I question tradition financial institutions and their possible shenanigans.  Didn't BAKKT say that they were settling in BTC.... I hope so, but I have my doubts about these kinds of matters that could be inflating BTC's supply through investors who are ready, willing and able to put up enough dollar collateral, then really are the BTC necessary?  Or perhaps BAKKT has to have the BTC because they could get REKKT pretty god damned BIG if BTC prices go shooting up and they don't have the BTC to settle the claims, so BIG players might not want to fuck around like that, but I still don't trust BIG players... sorry, it is just my skepticism regarding traditional financial institutions already existing cultural acceptance/practices to engage in fractional reserve shenanigans.. and hoping it all works out of the market moves against them.

[JayJuanGee]

the halving event will have an effect on the price. maybe with some delay but it is not so called "priced in" yet. it cannot be "priced in" because it is a fundamental change of Supply. even if the Demand stays at this current level the price will go up.

EDIT: is mic a team or just Mic + Cryptoqueen? 

he's a geese rather than a goose

 

[Paashaas]

Bitcoin explosion is in the air.

The volumes at Bakkt are broken almost daily. If we assume that the volume on a coin market cap is 90% fake and Bakkt represents true volumes, then Bakkt is now more than 1 percent of the total volume on market cap. Here Bakkt comes to the point that they need so many bitcoins that there will be a shortage on the market. It is only a quarter to two in the afternoon and the trade in America has yet to start and Bakkt is already at 10 million volume. Today or tomorrow, Bakkt will cover the 25 million bitcoins. That is equal to 1 / 8000th part. Enough to make the market explode. I expect the bitcoin to be at $ 25,000 within a month. Then another 50,000.
Now maybe. the moment to buy in

A friend just send me this true what’s app from one or other Belgian link, I don’t know (can’t provide) the true source, but what you thinking about this??

#hopium.....

[VB1001]

Under this lens, the local peak we experienced in the summer of this year (roughly 200 days since the cycle bottom) was abnormal as indexed prices exceeded where prices were in both the second and third cycle at similar stage during their recovery. Now, prices in this cycle have declined to a point where it is below the third cycle -- consistent with historical patterns.

https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-b34

[Wekkel]

Nice chart on the movement since cycle bottoms. I guess it’s still at least 1100 days to go for the next peak, assuming the fourth cycle will take much longer than any previous cycle.

That’s ok. I can live with that.

[Dalmar]

Bitcoin explosion is in the air.

The volumes at Bakkt are broken almost daily. If we assume that the volume on a coin market cap is 90% fake and Bakkt represents true volumes, then Bakkt is now more than 1 percent of the total volume on market cap. Here Bakkt comes to the point that they need so many bitcoins that there will be a shortage on the market. It is only a quarter to two in the afternoon and the trade in America has yet to start and Bakkt is already at 10 million volume. Today or tomorrow, Bakkt will cover the 25 million bitcoins. That is equal to 1 / 8000th part. Enough to make the market explode. I expect the bitcoin to be at $ 25,000 within a month. Then another 50,000.
Now maybe. the moment to buy in

A friend just send me this true what’s app from one or other Belgian link, I don’t know (can’t provide) the true source, but what you thinking about this??

#hopium.....

I hope the BAKKT demand will be the flash effect on the spot crypto market, the provided information is important for the market makers. For covering the 25 million bitcoins from the current price, I expect a huge push in the BTC price. In a month, we will know the reason for exploding if it ever happens.

[goldkingcoiner]

I lost all of my BTC

Are you seriously serious?!?

Mic got liquidated

Oh Goosy no. Please tell me this isn't so.... How can you lose your Bitcoin as a Hodler?

@r0ach.... family tradition ??

That looks like an awesome blowjob lineup.

Also, what happened to you Goosy? Whats this about a boat? Apologies, I was keeping away from corn until the corn stopped scaring me.

I tried my best but I huffed some hopium and now I am here.

When you 80x too frequently, it comes back to bite you, and peeps never talk  (or brag) about their losses... that's one of the major problems of going 80x more than one time (after you had already gotten lucky, even though admittedly it had been an accident).   Squander away all gains plus more and maybe even end up going completely broke out of desperation.  it tends to be an illness for anyone who plays more than once.

Thats why you never go over 2x. Hell, you could go 1.5x and still make a nice profit while being sure that your liquidation point is never reached.

I hope he meant his day trading stash and not his actual hodling coins. Can't go and bet gambling the entire hoard.

I hope so too. How much did you lose? For the next time, Goosy, join my telegram daytrading channel Signalarity and follow my trades.  

@r0ach.... family tradition ??

That looks like an awesome blowjob lineup.

Also, what happened to you Goosy? Whats this about a boat? Apologies, I was keeping away from corn until the corn stopped scaring me.

I tried my best but I huffed some hopium and now I am here.

When you 80x too frequently, it comes back to bite you, and peeps never talk  (or brag) about their losses... that's one of the major problems of going 80x more than one time (after you had already gotten lucky, even though admittedly it had been an accident).   Squander away all gains plus more and maybe even end up going completely broke out of desperation.  it tends to be an illness for anyone who plays more than once.

Thats why you never go over 2x. Hell, you could go 1.5x and still make a nice profit while being sure that your liquidation point is never reached.

How could you ever accidentally go 80x, then?  how could that be a typo from 2x?  Maybe a typo from 8x?  Maybe your more adventurous days?  Maybe you learned your lesson?  One and done?  Living off the profits of an "innocent" and crazy-ass "mistake" that worked out in your favor?

It was an 8x mistake. I was about to take the fee losses and back out when in the next second BTC shot up. Just a lucky coincidence. I would not have made any big losses either way. I have made small mistakes like that. Or mistakes like accidently closing my position because I was on the wrong subaccount. But then again when you are a veteran daytrader you can allow yourself a bit of room under 10x as long as you know exactly what you are doing and how to take losses if something goes awry...

Currently in this market, I would never go over 4x.

[golden-dragon]

@ceterispar1bus
Canadian Miner Hut8 disclosed a cost to mine of $4.3K in their Q3 financials. However, this only includes operating costs and leaves out depreciation, expenses, and net finance expenses. Including these gives a cost to mine of ~ $7.1K.

Short-term if the price goes under $7.1k they will keep mining as this is still > operational costs & mining equipment is a sunk cost. But long-term you can’t imply that they are profitable <$5k. They will need to replace equipment, continue paying employees, financing costs, etc

https://twitter.com/ceterispar1bus/status/1199300282997334017

[JayJuanGee]

[edited out]

I hope he meant his day trading stash and not his actual hodling coins. Can't go and bet gambling the entire hoard.

I hope so too. How much did you lose? For the next time, Goosy, join my telegram daytrading channel Signalarity and follow my trades.  

Oh gawd!!!!!!   Now you are pumpening ur lil selfie?   

@r0ach.... family tradition ??

That looks like an awesome blowjob lineup.

Also, what happened to you Goosy? Whats this about a boat? Apologies, I was keeping away from corn until the corn stopped scaring me.

I tried my best but I huffed some hopium and now I am here.

When you 80x too frequently, it comes back to bite you, and peeps never talk  (or brag) about their losses... that's one of the major problems of going 80x more than one time (after you had already gotten lucky, even though admittedly it had been an accident).   Squander away all gains plus more and maybe even end up going completely broke out of desperation.  it tends to be an illness for anyone who plays more than once.

Thats why you never go over 2x. Hell, you could go 1.5x and still make a nice profit while being sure that your liquidation point is never reached.

How could you ever accidentally go 80x, then?  how could that be a typo from 2x?  Maybe a typo from 8x?  Maybe your more adventurous days?  Maybe you learned your lesson?  One and done?  Living off the profits of an "innocent" and crazy-ass "mistake" that worked out in your favor?

It was an 8x mistake. I was about to take the fee losses and back out when in the next second BTC shot up. Just a lucky coincidence. I would not have made any big losses either way. I have made mistakes like that. Or mistakes like accidently closing my position because I was on the wrong subaccount. But then again when you are a veteran daytrader you can allow yourself a bit of room under 10x as long as you know exactly what you are doing and how to take losses if something goes awry...

I have made mistakes too.... for example selling when I meant to buy or buying when I meant to sell, but since my trades are only 1x, most of the time, I can just ride it out and the market will usually come back in order that I can correct my mistake, otherwise, I can just ride it to the other side in which I just am out of the loop for a little while.  There are not too many ways to lose if you are just playing 1x so long as you are not playing BIG and engaging in incrementalism and largely just attempting to stack sats which is betting that overall we are going up in the longer term.

Currently in this market, I would never go over 4x.

Surely way more adventurous than me, because I don't play any leverage, and I am not even motivated to learn.. since I have been doing just great with a simple 1x arrangement.   But to each his own, and I understand that there can be ways to play your leverage tight and to allow it to work for you to make it more profitable than 1x arrangements... furthermore, I don't short, so I am always going long or closing longs rather than shorting, so there is that angle, too.

[BitcoinGirl.Club]

<snip>

Or like this

NSFW

https://ibb.co/DQDtD9P

Good old time LOL (I mean when I used to watch them 🤣 )

Just had a thought. It's a bear trap! 🤪

[El duderino_]

When another one day +3K pump 

Naaaah don’t go to fast these days, accumulation may last some while

[El duderino_]

Largest Shopping Mall Operator in the US Goes All in on Bitcoin ATMs for Holiday Shoppers

https://dailyhodl.com/2019/11/26/largest-shopping-mall-operator-in-the-us-goes-all-in-on-bitcoin-atms-for-holiday-shoppers/

[virasog]

When another one day +3K pump 

Naaaah don’t go to fast these days, accumulation may last some while

These are small bitcoin earth quakes. One day a big earth quake will happen but not next month

[LUCKMCFLY]

One look, it may be a good omen ...

#BTCUSD $BTCUSD $BTC #BITCOIN

🚨BULL ANNOUNCEMENT:

👉NOVEMBER = IMPORTANT MONTHLY CLOSE!

DEFEND:
✅DIAGONAL BULL CHANNEL
✅TRIANGLE
✅RSI +50
✅20SMA (BB band)

IF YOU SUCCEED YOU WILL BE REWARDED WITH A BULLCROSS NEXT WEEK 50MA/100MA = 🚀

Then Bears can BTFO!

Drop MIC 🎤
🤟

Source: @888Velvet

[BitcoinGirl.Club]

<snip>

These are small bitcoin earth quakes. One day a big earth quake will happen but not next month

F**k you! 😘

Source: @888Velvet

I like optimistic TA.

[cAPSLOCK]

99% he is joking

Boating accidents are NEVER a laughing matter.  The Monero community was ravaged by a plague of them... 

Sad.

[JimboToronto]

Good morning Bitcoinland. Last day in the jungle for now.

The price has been bouncing nicely... currently $7330USD/$9740CAD (Bitcoinaverage).

Hopefully we'll be back up over $9k and maybe even see 5 digits by year's end. I'll probably have to sell some coin before I come back down in early January.

Go Bitcoin go.

[ivomm]

The day started so bad, going down to 6 800. Now it ends up above 7 500$. And this is how the new bull journey begins! Who bought - bought!

Edit. I just saw that bakkt hit a new record again - above 3400 BTC until now. Well played bakkt boys, well played!

[LFC_Bitcoin]

{Insert micgoossens trademarked Stiffler PUMP meme)

[Paashaas]

What the hell is wrong with people these days... <insanity-welness>..?

I don't want to get anal cancer (colon or rectal) by putting my hole into the sunlight..



https://nypost.com/2019/11/26/perineum-sunning-is-latest-insanity-wellness-influencers-swear-by/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow