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

[BHSMC]

Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?

Seems like Gemini, coinbase don't support tether. Is there any other option?

[LFC_Bitcoin]

Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?

Seems like Gemini, coinbase don't support tether. Is there any other option?

Buy bitcoin, send bitcoin to Bittrex & convert to Tether.

[Raja_MBZ]

It really feels like we're going to see a Bart back up again till $7000+.

Double bottom

[lightfoot]

All technical analysis is out the window in a "black swan" event like this. The bears were and still are wrong. They just got lucky there was a global event that helped them out.

Bitcoin crashed because the wall street types dumped it to cover margin calls on their other crap. They are dumping everything to prop up their leveraged garbage. Bitcoin held up pretty well given the payouts it had to make.

There is still ongoing daily demand for bitcoin and the daily supply is still getting cut in half very shortly. Everyone who dumped will still have to buy back in once they get their shit together. Don't give it back to them so easily!

This is not a black swan: We've known for years that pandemics were a possibility and headed off at least two (three if you count the nightmare of H5N1) in the past. Too bad we dismantled the structure to detect this, but that was public knowledge and should have been priced into every risk analysis going forward.

[LFC_Bitcoin]

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╬═╬ just dropped down to say
╬═╬
╬═╬ gobble up cheap coins whilst you can
╬═╬☻/
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(Inspired by - https://twitter.com/trustwalletapp/status/1239555808708431877?s=21)

[nullius]

Guys, check out silver price.  ::)

It's actually in the buy zone for me. But ironically, no one can get silver at spot right now, the silver vendors have made sure of that with a high premium.

Would honestly love to own physical gold & silver, purely for the ‘being in awe’ , magpie, shiny, shiny type hypnosis of it but not at the expense of buying corn.

Hmmm...

The substantial effect of the gold ban is still in full force.  The government simply no longer needs to maintain a legal ban, when individual ownership of gold is restricted to only relatively few wealthy investors (most of whom never take delivery—thus leaving possession, “nine-tenths of the law”, in control of banks), plus economically negligible amounts in the hands of socioeconomically and politically marginal goldbugs and “preppers”.  Seriously.  The system does not care if you and a few others have a few coins of an ounce or less.

Read what I said two paragraphs after that, if you want any chance of surviving a real SHTF scenario.

Gold (etc.) is the only form of money that survives the deaths of civilizations.  But it has been under total control in America since the 1930s, and worldwide since not later than the Nixon Shock and global conversion to completely arbitrary fiat currencies.

Any WO-style investment decisions assume as a premise the continued existence of civilization.  For other assumptions, you needed to start preparing long ago.  But if that assumption is correct, then don’t shoot yourself in the foot financially here.

Do the opposite of what panicking people are doing.  For example, I have my own take on this excellent photo of panic personified:

Mass Suicide!

Also, for example, if panickers are dumping Bitcoin, then now is a good time to accumulate it.  If I had any fiat to invest, I would be buying more Bitcoin, and also be looking at futures in commodities, plus some stocks for companies that are least likely to cease to exist.  Well, take that for what it’s worth:  I have no skin in the game with fiat currencies. ;-)

If I had been trading in London at the time of the Battle of Waterloo, I would have ridden on Rothschild’s coattails, too.  Even without any special intelligence as he had.  Just based on my principle that men with cool heads place carefully measured bets against panic.  Always bet against panic!

All of this is high-risk; but do not expect safety in a time of mass chaos (or ever!).  It is a good time to get rich, if you can pull it off—and if you can’t, for the nth time, government-issued scrip is not a safe place to park your assets right now.

[El duderino_]

It really feels like we're going to see a Bart back up again till $7000+.

Double bottom

Could easily live with that outcome

[nutildah]

Bitcoin Core devs announce emergency plans to hard fork bitcoin to cancel halvening!!
 

[JSRAW]

Bitcoin Core devs announce emergency plans to hard fork bitcoin to cancel halvening!!
 

Good read though 

[Biodom]

Most bet that Bitcoin will continue to fall, but the market always shows the opposite of what the masses think, in every crisis there is a very good opportunity that very few see, and in Bitcoin there is now a great investment opportunity.

A really cool fractal

I added some context to it, comparing the virus with the 2008 crash

Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo's to
@CryptoCapo_
 and
@kenzboard
 who showed me the fractal

Twitter: https://twitter.com/BTC_JackSparrow/status/1239133425790930950

 And “Crypto Trader Digest” newsletter:

“As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.”

Source: https://www.newsbtc.com/2020/03/16/scarily-accurate-fractal-bitcoin-will-trade-20000-q1-2021/

Actually, I really like this analogy (fractal). The only question is where the pent-up demand would overcome the resistance of the current downtrend.
It very well may be that 3850 is the answer, but it could be also a band between 3100-3800. For fractal to work we should not dip below 3122 on a 'closing' basis.

[Phil_S]

Every sane person has known for a very long time that the dollar must collapse someday;

Not anytime soon. No universally-recognized replacement on the horizon.

[infofront]

Most bet that Bitcoin will continue to fall, but the market always shows the opposite of what the masses think, in every crisis there is a very good opportunity that very few see, and in Bitcoin there is now a great investment opportunity.

A really cool fractal

I added some context to it, comparing the virus with the 2008 crash

Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo's to
@CryptoCapo_
 and
@kenzboard
 who showed me the fractal

Twitter: https://twitter.com/BTC_JackSparrow/status/1239133425790930950

 And “Crypto Trader Digest” newsletter:

“As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.”

Source: https://www.newsbtc.com/2020/03/16/scarily-accurate-fractal-bitcoin-will-trade-20000-q1-2021/

Actually, I really like this analogy (fractal). The only question is where the pent-up demand would overcome the resistance of the current downtrend.
It very well may be that 3850 is the answer, but it could be also a band between 3100-3800. For fractal to work we should not dip below 3122 on a 'closing' basis.

I'm guessing it will be a "defeat" of the virus, lifting of national emergency status, etc. The overwhelmingly positive sentiment, combined with QE, negative rates, and mega bailouts, create the perfect setup for a massive slingshot effect. When the consensus is that we're on the way back up, the big players are going to take advantage of all that free money.

[cAPSLOCK]

Yeah I dunno

I shaved off my "feeling better" money at $13

dollars

...I ain't doing that shit again

Date Registered:   January 04, 2012, 02:23:16 PM

You must be talking about the crash of August 2012...

Damn, you're an old-timer. Had no idea -- there's only a handful of accounts as old as yours that are still active. Well OK, maybe a couple hundred, but still...


Speaking of old accounts, the Mark Karpeles "MagicalTux" account woke up recently, but hasn't posted since 2013. Maybe he has something to say about the upcoming Gox repayments.

Old timer... Whatever.

[BHSMC]

Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?

Seems like Gemini, coinbase don't support tether. Is there any other option?

Buy bitcoin, send bitcoin to Bittrex & convert to Tether.

Thank you so much. Congrats on Liverpool to win the EPL this year as well!

If I do it the way you described, then I'll be paying too much for commission. Buying BTC will cost me comm., then buying tether is going to cost me more comm.

Am I missing something?

Thank you!

[cAPSLOCK]

Out of curiosity: where in the world is Waldo (Trace Mayer)?
Pomp is around , planB as well, even Tone Vays, but Trace is missing in action (at least on twitter).
Interesting...maybe sold too many puts on his bitcoin? He was always professing that trade (through LedgerX), which I find inane.
I wonder how many blockfi loans got liquidated as well...

Trace Mayer lost a lot of credibility after shilling Mimblewimble coin in this interview and got flamed by the BTC maxi's
I think he's to ashamed to show his face now. His bags must be heavy.

Trace did not shill too much in that particular video, but I agree with you that he is being beaten up in regards to his recent seemingly too much mimblewimble shilling.

As he should be.  And I am not as anti-alts as you.

But he was a two faced liar shilling a 50% premined scam.

I think that is something his reputation should NEVER recover from.  There is only one reason to do what he did.

[Wekkel]

Credibility can only be lost once.

[marcus_of_augustus]

so no more mentions of the global multigenerational pandemic any more? Down the memory hole?

only keep calm lambie establishment shilling?

or dump all your coins mindrust establishment shilling?

what's the pay like these days guys better than signature begging? or vegeta game begging?

bitcoin is dying because it has been overrun by the same parasites that are crawling out of the dead fiat hosts.

They wear suits and beg for govt regulations and bailouts while committing open fraud in public markets.

[nullius]

Every sane person has known for a very long time that the dollar must collapse someday;

Not anytime soon. No universally-recognized replacement on the horizon.

Why do you assume that a replacement must exist before it collapses!?

That is like assuming that Madoff’s scheme could not collapse before his investors moved on to something better.  Say what?

The U.S. Dollar itself is the most enormous of things that are “too big to fail”.  That does not mean it cannot fail—to the contrary.  It has been suspicious since 1913, fundamentally unsound since the 1930s, and a red-tag scam since the 1970s.  Of course, it will collapse—it cannot keep going forever!  The problem is that without a crystal ball, it is impossible to time the collapse of a global, tera-scale scam backed by a habitually belligerent military superpower with a worm-eaten domestic economy that still has a lot of momentum.

I am not a financial analyst.  I think in historical terms.  The context that you snipped:

Every sane person has known for a very long time that the dollar must collapse someday; but trying to predict when is like trying to predict the fall of the Roman Empire when you are living in it at some undermined point between c. A.D. 300–400... or is it later than I think?

[bkbirge]

Good time to move up a species or 2. (can't remember the source but I'm sure it's been posted here before...)

    Humpback Whale = 5000 BTC or more
    Whale = 1000 - 5000 BTC
    Shark = 500 - 1000 BTC
    Dolphin = 100 - 500 BTC
    Fish = 50 - 100 BTC
    Octopus = 10 - 50 BTC
    Crab = 1 - 10 BTC
    Shrimp = less then 1 BTC

[serveria.com]

It really feels like we're going to see a Bart back up again till $7000+.

Double bottom

So much needed hopium... thanks