Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5646.

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: becoin on April 12, 2021, 02:01:24 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail.

Bitcoin is also too big to fail.

STT

legendary

Activity: 4102

Merit: 1454

Quote from: becoin on April 12, 2021, 02:01:24 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail.

Not sure if hovering here represents strength or a likely ceiling that means we require to revise lower prices still. Does an especially higher price require momentum to pass old prices or can it just hover and suddenly rise through both moving averages and prior volume pricing at the same time.

Quote

This is a different kind of chart I thought the thread might appreciate, relates to varied economic prospects

serveria.com

legendary

Activity: 2422

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Privacy Servers. Since 2009.

Quote from: xhomerx10 on April 12, 2021, 03:43:31 PM

Quote from: Richy_T on April 12, 2021, 03:36:02 PM

Quote from: shahzadafzal on April 12, 2021, 01:05:24 PM

“Not a financial advice”

Dedicated to all lovers on WO!

Until your wife finds out.

I'm out of merit but that is damn funny! Cheesy

That is funny indeed. Merited both of you. Cool

WhyFhy

hero member

Activity: 1439

Merit: 513

Quote from: d_eddie on April 12, 2021, 02:26:34 PM

Quote from: cAPSLOCK on April 12, 2021, 09:14:32 AM

OK.. just to talk about Bitcoin for a moment... Wink

Considering Bitcoin use on the rise in African culture... who are our Africans here? Does anyone have data on this? What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently. Exchanges for example. That they are NOT trading into a lower fee crypto to trade in. (BCH, LTC, DOGE for example). I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS.

Are we seeing Gresham's or Their's law playing out there?

From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint.

+1 WOsMerits

Exchanging off chain... how? The mother of invention... They might actually be onto something. It could be a web of trust backed by guns (fuck with me and Nigerian mafia will get your ass). I think we'll be the first to get more details, if it's really a thing. The WO is definitely part of the vanguard.

opendime was aiming for it. I guess they are walking around with paperwallets or usb drives in different denominations?? good question though for sure.
something like this can be done too

xhomerx10

legendary

Activity: 3808

Merit: 7912

Quote from: Richy_T on April 12, 2021, 03:36:02 PM

Quote from: shahzadafzal on April 12, 2021, 01:05:24 PM

“Not a financial advice”

Dedicated to all lovers on WO!

Until your wife finds out.

I'm out of merit but that is damn funny! Cheesy

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: shahzadafzal on April 12, 2021, 01:05:24 PM

“Not a financial advice”

Dedicated to all lovers on WO!

Until your wife finds out.

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

This is my life now...

Icygreen

legendary

Activity: 1464

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Quote from: philipma1957 on April 12, 2021, 11:43:07 AM

Quote from: xhomerx10 on April 12, 2021, 08:14:03 AM

Quote from: Farmer Bill on April 12, 2021, 04:20:16 AM

Quote from: degxtra1 on April 11, 2021, 08:43:59 PM

#16: CENSORSHIP...AND THE COMPLETE ABSENCE OF SCIENTIFIC DEBATE

Nothing personal to all of you guys hoping vaccination will solve all problems but... if anyone of you @experts@ could trash this piece of work would be highly appreciated .

I was almost ready to get this vaccine but somebody sent me this link yesterday afternoon.

https://www.deconstructingconventional.com/post/18-reason-i-won-t-be-getting-a-covid-vaccine

Do your own research and decide either way.

This article is an advertisement to encourage you to subscribe to the website's dubious health program through promoting fear and ignorance.
While the writer has already been vaccinated.
A first grade kid could trash all 18 lame excuses.

If there was an article '18 reasons to ditch Bitcoin' would you sell?
Likely you would research who was behind the article and their motive.
(Like Oh yeah Craig Wright sponsored the article to dis Bitcoin and promote his shitcoin or Big Corporation X wants an in to Bitcoin and needs to get your coins at a cheaper price etc.)

My healthy 32 year old daughter non smoker, organic diet, active outdoor pursuits, caught Covid and spent 8 days in hospital seriously ill. 2 months on she still has some mild symptoms noticeably poor sense of smell and taste plus minor fatigue.

Her ordeal made it an easy decision for me to get vaccinated.

I have chosen to go with the vaccine game of russian roulette.
My first shot of pfizer is tomorrow. Wish me luck.

And really, I wish you well.

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: marcus_of_augustus on April 12, 2021, 02:51:16 PM

... Coinbase IPO will release tens of billions of fiat into the hands of long time bitcoin savy enthusiasts and maximalists, who are least likely to want to have the new dosh sit in fiat

.... they're just trying to keep a lid on this as long as possible and buy up the cheap coins

... no way btc is only worth 10x Coinbase market cap, the IPO event should fix most of that anomaly

IMHO, you are getting it exactly backwards, at least at first.
Some institutions will sell btc and buy Coinbase IPO, unless WS plays some trick to push Coinbase down temporarily, like they did with FB.
In fact, I see roughly 50% chance of the latter scenario happening.

d_eddie

legendary

Activity: 2520

Merit: 3038

I like what you say Marcus, BUT Coinbase have been net sellers of corn since their start, so I think some mistrust about that is granted.

OutOfMemory

legendary

Activity: 1708

Merit: 3439

Man who stares at charts (and stars, too...)

Quote from: d_eddie on April 12, 2021, 02:28:16 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I'd play with them and stack the last of the cheap satz. Just a handful, just to be able to say "I bought my last sat under 60k (or barely past that)". Let the hedgies work for us hodlers, not the other way round. We came here first didn't we?

Quote from: becoin on April 12, 2021, 02:01:24 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail.

I don't buy this. As I said, and more said before me, my hunch is they're just suppressing spot to get the best possible deal OTC. They won't be able to keep at it for long, says my SOMA system.

Seconded.
They just try to build up sell pressure on spot, like they're used to on the stock market.

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

... Coinbase IPO will release tens of billions of fiat into the hands of long time bitcoin savy enthusiasts and maximalists, who are least likely to want to have the new dosh sit in fiat

.... they're just trying to keep a lid on this as long as possible and buy up the cheap coins

... no way btc is only worth 10x Coinbase market cap, the IPO event should fix most of that anomaly

gallianooo

sr. member

Activity: 719

Merit: 388

Quote from: d_eddie on April 12, 2021, 02:28:16 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I'd play with them and stack the last of the cheap satz. Just a handful, just to be able to say "I bought my last sat under 60k (or barely past that)". Let the hedgies work for us hodlers, not the other way round. We came here first didn't we?

Quote from: becoin on April 12, 2021, 02:01:24 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail.

I don't buy this. As I said, and more said before me, my hunch is they're just suppressing spot to get the best possible deal OTC. They won't be able to keep at it for long, says my SOMA system.

Fucking agree with you dude !

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I'd play with them and stack the last of the cheap satz. Just a handful, just to be able to say "I bought my last sat under 60k (or barely past that)". Let the hedgies work for us hodlers, not the other way round. We came here first didn't we?

Quote from: becoin on April 12, 2021, 02:01:24 PM

Quote from: OutOfMemory on April 12, 2021, 01:54:30 PM

Resistance got pretty strong in no time.
I smell hedge funds... Roll Eyes

I smell a new round of newly printed trillions of $$$ by the Fed to bail out hedge funds that have shorted bitcoin and are too big to fail.

I don't buy this. As I said, and more said before me, my hunch is they're just suppressing spot to get the best possible deal OTC. They won't be able to keep at it for long, says my SOMA system.

d_eddie

legendary

Activity: 2520

Merit: 3038

Quote from: cAPSLOCK on April 12, 2021, 09:14:32 AM

OK.. just to talk about Bitcoin for a moment... Wink

Considering Bitcoin use on the rise in African culture... who are our Africans here? Does anyone have data on this? What I want to know is whether the idea is true that Africans are using BTC for trade via trusted second layers currently. Exchanges for example. That they are NOT trading into a lower fee crypto to trade in. (BCH, LTC, DOGE for example). I am asking how much Africans are choosing to stay in BTC rather than trade in the cheaper less liquid ALTS.

Are we seeing Gresham's or Their's law playing out there?

From my reading I understand they are really staying focused on BTC, and just avoiding fees by exchanging off chain... and if that is true I honestly think this is one of the MOST important things happening with BTC from a evolution standpoint.

+1 WOsMerits

Exchanging off chain... how? The mother of invention... They might actually be onto something. It could be a web of trust backed by guns (fuck with me and Nigerian mafia will get your ass). I think we'll be the first to get more details, if it's really a thing. The WO is definitely part of the vanguard.

El duderino_

legendary

Activity: 2716

Merit: 13505