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

[BobLawblaw]

[ChartBuddy]

Explanation

[Torque]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.cnbc.com/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

“Given that bitcoin is not serving well as a medium of exchange, I don’t think it’s going to have any fundamental value other than whatever investor’s faith leads it to have,” Prasad said.

Uh...that's the very definition of sound money, you dumbass. 

[shahzadafzal]

It’s a same things but doesn’t feel same.

$46,000 Bitcoin in February vs $46,000 Bitcoin in December

https://twitter.com/gaborgurbacs/status/1471925547051671560?s=21

[cAPSLOCK]

There's another full moon tomorrow (or the 19th in the morning depending on where you live) and while this isn't trading advice, it looks as though there might just be something to all this talk of bitcoin "mooning" after all.  A little hopium chart for your perusal:


 

Frm this chart, I think the logic is inescapable that where there is a moon (of any kind?), bitcoin is going up.

[buwaytress]

There's another full moon tomorrow (or the 19th in the morning depending on where you live) and while this isn't trading advice, it looks as though there might just be something to all this talk of bitcoin "mooning" after all.  A little hopium chart for your perusal:

But usually the rule is that some Full Moons / New Moons are felt 1-2 days in advance. So basically the pump should start TODAY !!!

Now if you're from my part of the world, the moons aren't actually just lore and fun. More than half of society, business and government even, unwittingly follow a lunar calendar by following the Muslim calendar (we have it aside the Gregorian one actually in newspapers, press releases, most government-dated documents).

Now if you're Chinese too this significance amplifies... and then haven't we also got Super Full Moons and Orange Full Moons and stuff like that?

If we pump more than 10% in 24 hours over the next 3 days, I'm going to start not laughing at you lunatics

[vapourminer]

So here is the quiz for you guys:

So this is how i also stack some btc  

A dog?

nah. see the stripes? zebra

[cAPSLOCK]

But Bob.  We NEED them!

https://www.youtube.com/watch?v=RNfYtjQZcv0

[ChartBuddy]

Explanation

[Lucius]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.cnbc.com/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

“Given that bitcoin is not serving well as a medium of exchange, I don’t think it’s going to have any fundamental value other than whatever investor’s faith leads it to have,” Prasad said.

Uh...that's the very definition of sound money, you dumbass. 

I already read that same article this morning, in the local language - which confirms that bad news spreads much faster than this damn oMicron virus. Mr. Prasad (in my local language his last name literally means piglets) seems to be a big fan of Mr. Buffett who gave his famous statement on the same TV show in 2014 “Stay away from it. It’s a mirage, basically,” he said on CNBC’s “Squawk Box” on Friday.

Nothing more than free PR for the university and its book...

[ChartBuddy]

Explanation

[d_eddie]

A end of year santa rally would be nice right about now, not liking these 40s, 50s is where its at.

I think it is unlikely. This end-of-month is the mother of all end-of-month events, and the landscape has already bears spotted around. Endure my friend, endure. I promise the reward will be sweet.

[serveria.com]

A end of year santa rally would be nice right about now, not liking these 40s, 50s is where its at.

I think it is unlikely. This end-of-month is the mother of all end-of-month events, and the landscape has already bears spotted around. Endure my friend, endure. I promise the reward will be sweet.

Well let me remind u not so long ago everybody and his dog was waiting for the moonshot, new ATHs and six digits. So did it happen? Honey badger doesnt care. It doesnt do what everybody expects it to do. 

Actually more frequently it does the opposite...

[Gachapin]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.c[Suspicious link removed]m/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

“Given that bitcoin is not serving well as a medium of exchange, I don’t think it’s going to have any fundamental value other than whatever investor’s faith leads it to have,” Prasad said.

Uh...that's the very definition of sound money, you dumbass.  

The interview (2nd vid) is a torture to watch...

The 'academic' with the old "Blockchain, not Bitcoin" fallacy, just to pitch his CB shitcoins  

"...CB currencies are going to remain dominant as stores of value"   .... yeah sure.
That's like saying drugs are going to remain the dominant help for people with emotional problems.


The "journalist" is a complete idiot. I'm afraid there are much more where he is coming from.

I fear many of them will go full on environmentalist on Bitcoin, if they aren't already. While having no clue about any thermodynamic argument, or things like 'nothing at stake' problems.

However, interesting to see MSM talking negatively about BTC again, since that's mostly the time when whales are buying.

[Richy_T]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.cnbc.com/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

Was hoping that was going to be Stolfi.

[Gachapin]

Bitcoin ‘may not last that much longer,’ academic warns
https://www.c[Suspicious link removed]m/2021/12/17/bitcoin-may-not-last-that-much-longer-academic-warns.html

Message: You hear that Average Joe? It's not going to be around much longer. Stay the fk away from Bitcoin!

Was hoping that was going to be Stolfi.

I miss that guy and the discussions...

Roach was funny but no adequate replacement

[ChartBuddy]

Explanation

[BobLawblaw]

But Bob.  We NEED them!
https://www.youtube.com/watch?v=RNfYtjQZcv0

You misunderstand. I understand we need the whales, but we can't feed them the cheap stuff all the time.

Sometimes they gotta deal with Brandon fucking up the economy, and eet the really spensive corn.

Ya dig?

[d_eddie]

A end of year santa rally would be nice right about now, not liking these 40s, 50s is where its at.

I think it is unlikely. This end-of-month is the mother of all end-of-month events, and the landscape has already bears spotted around. Endure my friend, endure. I promise the reward will be sweet.

Well let me remind u not so long ago everybody and his dog was waiting for the moonshot, new ATHs and six digits. So did it happen? Honey badger doesnt care. It doesnt do what everybody expects it to do.  

Actually more frequently it does the opposite...

She likes to go against expectations: I concur, serveria.
I guess you know I'm a permabull (although possibly not quite in your league )

However, keeping rational expectations, as in assigning fair looking probabilities to different outcomes, is the name of the game - at least for me, if I want to keep my feet on the ground and whatever's left of my mental sanity.

Reason says the short term landscape isn't too bullish. I think we'll have to grunt our way through 2021.
What about the bull? Still in place is my gut feeling. Sophisticated SOMA analysis and all. Ready to be proven wrong of course...

[ChartBuddy]

Explanation