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

[marcus_of_augustus]

https://www.coindesk.com/microstrategy-raising-400m-to-buy-more-bitcoin



It's about sending a message ... fiat-debt system is officially on notice that speculative attacks can go both ways.

https://nakamotoinstitute.org/mempool/speculative-attack/

... and soundest money usually triumphs.

[lightfoot]

The whole time bitcoiners have wrung their hands over all the speculative attacks.

Quantum computing, forks, bugs, 51% attacks, nation state bans, frauds, and so on.

Then one day a bitcoiner launched the first serious speculative attack against the current system.

Welcome to the black hole gentlemen.

What, Mindrust? What did he do now?

[Toxic2040]

    
      -The Man in the Arena-

     It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better.

    The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no
    effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows
    in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory
    nor defeat.

    -Theodore Roosevelt
     1910

[bkbirge]

This guy thinks institutional investing may offer natural protection of bitcoin presumably because gov't will be less inclined to mess with them as compared to retail investors. He also thinks mass adoption won't occur until btc becomes the worldwide monetary standard.
https://cointelegraph.com/news/institutions-will-protect-bitcoin-from-government-overreach-erik-voorhees

In Voorhees’ view, the real surge in institutional interest will occur near the peak of the next bull market when not owning Bitcoin will inflict reputational damage.

[Toxic2040]

evening charts

#dyor

1h


4h


D


if we are in a cup and handle situation on the daily time frame..then I think we could see a correction as illustrated by the red box and at least down past the halfway point shown   $14k does seem to be around the bottom imho unless some other black swan event presents itself
D


W

#stronghands

[bitebits]

https://www.reddit.com/r/Bitcoin/comments/k8eo9p/monday_art_stoxart/

[JayJuanGee]

Observing @ $19,000

Observing @ $19,070

I have not forgot, observing @ $19,080

Observing @ $19,000

Did I make a point?

Nope...


Bitcoin don't do like dat.  

Observing @ $19,000

Observing @ $19,070

I have not forgot, observing @ $19,080

Observing @ $19,000

Did I make a point?

it's a stable coin until it's not

I would NOT characterize bouncing around this particular price range (whether we call it $19k or whatever) for a week to be stable, exactly.. if we spend 6 months here (or even 6 weeks here), then I might consider changing my thinkenings on the topic... not very damned likely, even the shorter 6 weeks scenario.

[Phil_S]

19200 is the new 6400.

19200 / 6400  = 3

[nutildah]

This guy thinks institutional investing may offer natural protection of bitcoin presumably because gov't will be less inclined to mess with them as compared to retail investors. He also thinks mass adoption won't occur until btc becomes the worldwide monetary standard.
https://cointelegraph.com/news/institutions-will-protect-bitcoin-from-government-overreach-erik-voorhees

In Voorhees’ view, the real surge in institutional interest will occur near the peak of the next bull market when not owning Bitcoin will inflict reputational damage.

He's on to something here, but I'm not sure its for the reason he thinks it is.

With large institutions in play, there may be a natural “bulwark” against government overreach.

This is only because these giant companies have lobbyists whereas retail investors don't.

[JayJuanGee]

Hello guys!!!

Here I share this chart from ChartsBTC:

I think that by this Christmas we can go over $ 20k ..

  

#bitcoin on this date (log scale)

Source: https://twitter.com/ChartsBtc/status/1335973260169674754

I did a quickie peruse ahead.. .and it looks like nobody requoted you danadc so we could see the chart..

So here you go.. seems to be a relevant and interesting chart, with the appropriate links, too.

[FullNode]

Bitcoin Sees Massive Inflows from Institutions, Gold Sees Mammoth Outflows
According to CoinShares data published by international news agency Reuters, $1.4 billion of institutional money has flown into Bitcoin-focused investment products over the past few weeks.

By contrast, gold has seen massive outflows of $9.2 billion during the same time frame as investors seem to be becoming increasingly keen on the digital iteration of the yellow metal.

https://u.today/bitcoin-sees-massive-inflows-from-institutions-gold-sees-mammoth-outflows   

[zasad@]

Hello WO Gang.

Just to let you know that I interviewed a lot of fellow forum members.

You can read my interviews here:
[Interviews] with Bitcointalk members

In addition to that I opened a competition to vote for the best interview here:

[Vote 2020] Best Bitcointalk Interview

Prizes for the best interview and for voters too!

You are welcome to join for an interview or voting the best one!

OpSec much?

Which russian extortion mob, or tax department, do you work for?

Why do you use the word: or
In Russia, all state organizations have long merged with the mafia

[El duderino_]

what if the mindtrust incident is just another kind of boating accident?

He always was open about he's holding... they where not low, but also not abnormal or insane ... So would be weird for him to exit boat like how he did ...

[AlcoHoDL]

Goodbye mindrust.

Welcome r0ach v2.0.

It's happened before. Will happen again. It's psychology 101. That's how the brain reacts to major catastrophic events. It's a safety mechanism, to protect the person from going insane. Doesn't always work.

[soullyG]

BTC Weekly:

Top = Miner Revenue

Bottom = BTC

Many are expecting a substantial pullback.

But in the first 2 cycles the pullbacks only occurred once miner revenue had surpassed its previous ATH.

Additionally, price peaked after new miner revenue ATH.

This time?

https://twitter.com/Pladizow/status/1335992578588684291

#btfd

[anonymous3x]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

[bitcoinPsycho]

[soullyG]

Longs getting thrown under the bus, grab your cheap coins while you can

[_javi_]

if this dump for ants marks a local "higher low", see you at 25k. (Cause i say so)

[Wekkel]

Unless there is good news, our direction is down.We just have begun.
Bitcoin I'm waiting for 14,000$ -15.000$ to buy.

You could be right, but it's simply not worth the risk selling BTC at this point.

/not going to commit an unforced mindrust