Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5923. (Read 26714945 times)
March 11, 2021, 11:08:35 AM
bitcoin[NFTz] going to the moon? :-D yeeeee blast offfff//^
March 11, 2021, 10:45:59 AM
Stop jerking us around and gib $60k already!?
Confirmed it is not going to happen.
Well your math and science failed...
March 11, 2021, 10:44:19 AM
Stop jerking us around and gib $60k already!?
Confirmed it is not going to happen.
March 11, 2021, 10:32:29 AM
Stop jerking us around and gib $60k already!?
March 11, 2021, 10:30:12 AM
Normally I would mention here that the price action of bitcoin is interesting in light of the fairly light volume.
But I think we are seeing something different this time (tm).
We have used the large retail exchanges as price oracles for the entire lifespan of Bitcoin, and still do. But is this where the actual volume is happening now?
I would say not.
That divergence is very interesting to think about. I have speculated in the past about scenarios based on this new paradigm, for example: If I were a big money player I would be buying BTC over the counter, and dumping a little bit of it on the low volume exchanges to depress the retail price as I buy. But who knows what is actually happening?
I wonder if the high price is causing unit bias to suppress Joe Sixpack from buying?
I can;t quite figure out what is happening exactly, but it is exciting me... that much I know.
But I think we are seeing something different this time (tm).
We have used the large retail exchanges as price oracles for the entire lifespan of Bitcoin, and still do. But is this where the actual volume is happening now?
I would say not.
That divergence is very interesting to think about. I have speculated in the past about scenarios based on this new paradigm, for example: If I were a big money player I would be buying BTC over the counter, and dumping a little bit of it on the low volume exchanges to depress the retail price as I buy. But who knows what is actually happening?
I wonder if the high price is causing unit bias to suppress Joe Sixpack from buying?
I can;t quite figure out what is happening exactly, but it is exciting me... that much I know.
I understand you, cAPSLOCK, to be saying that it seems different this time, and then you list some amorphous things that may or may not be happening to cause you to conclude that something may well be happening this particular time that is different.. but you just cannot put your finger on it... ... which in essence seems to lend a decent amount of credibility to claims that this time is almost fucking the exact same (it just happens to be different), but we are so much on schedule and within the dominant BTC price prediction models (in my thinkenings) that the whole situation is almost like the wettest of wet dreams that anyone could actually be living through such a fantasy that is not actually a fantasy but "is happening" right in front of our very eyes, and "on schedule" at that.
Who would-a thunk? Truly, way too good to be true, so something must be up.
I am not sure what I am meaning to say is I expect the price action to be different, or not. I don't know that I understand how to calculate that considering we are 1 or 2 orders of magnitude away price wise from the past cycles. What is interesting to me is that the way things are proceeding has some major fundamental differences, and I can be specific.
1. Institutional, and other big money is starting to bite... kinda hard.
2. Most of the accumulation is happening away from retail exchanges.
3. Institutional investors are by and large currently ONLY interested in BTC.
4. The above investors seem to actually UNDERSTAND bitcoin. This is also new. They understand the decentralization part, the scaling issues etc.
5. Retail exchange volume is still barely warm, in my opinion.
Because of the above the idea of a "super cycle" has more weight than I would have imagined was possible. Though I still think it is likely a minority scenario, it has a REAL chance.
In some ways the super-cycle, if it were to happen (and to define it: it is big money (and small) frontrunning the rest of this cycle and lighting a rocket we have not yet seen) will in retrospect appear inevitable.
That is the "this time it might be different" I am talking about. There are lots of models... Rainbows, S2F, that other S2F with real estate in it, etc... What I am wondering is if maybe that latter S2F model ends up being more correct, or this time we break them all?
Will it? I dunno.
March 11, 2021, 10:07:24 AM
tomorrow 60k
March 11, 2021, 09:32:08 AM
- Polymerase Chain Reaction (PCR) Test — The most accurate of all, slow, detects antigens (i.e., shows if you currently have the virus).
If memory serves, there is some controversy with PCR tests. Specifically, it will also test positive if you've had C19 in the past, as the dead tissue and cells do linger around for some time - is what I'm hearing. Maybe the antibodies even trigger a positive PCR test. Fuck. I dunno.
Maybe it depends on the length of the primers? If the snippets are too short, it must be hard to tell if they're enconding SARS-Cov-2 spike proteins or other analogous structures in similar viruses.
Quote
Anal swabs all the way.
Most accurate.
Trust me.
Most accurate.
Trust me.
With rusty swabs for the bad guys?
March 11, 2021, 09:23:21 AM
March 11, 2021, 09:21:31 AM
https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-prediction-stimulus-b1815134.html
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
That is just so incredibly awesome and shows how far we've come; what a wild ride
That won't save us from Elon Musk dumping his bitcoin.
I think the problem will not be Musk dumping HIS coins but the sheeps who follow his lead.
March 11, 2021, 09:00:46 AM
https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-prediction-stimulus-b1815134.html
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
That is just so incredibly awesome and shows how far we've come; what a wild ride
What's even more incredibly awesome is Forbes (again) publishing an article that sings praise to the corn in simple, clear, non emphatic words. After the "pioneers/cyberpunks" (that's us for the normies - let's leave it at that) and the visionary entrepreneurs...
Gentlemen, let me introduce you to the mainstream financial culture.
In Bitcoin We Trust?
....
All of which points to inflation not far down the road. Traditionally, this is a prospect that would have triggered an increase in demand for store-of-value commodities such as precious metals. However, technology has come to the rescue with an increasingly compelling commodity called bitcoin, a cryptocurrency based on a fundamental principle: its supply is finite and it has already been issued at a very high rate. That gives it a fundamental advantage in terms of trust over either tradicional currencies or stablecoins based on baskets of coins or assets which, as we have already seen, are very unstable.
There are more and more important players in the economy, from companies like Tesla, Square, China’s Meitu and many others; banks like Citi, Goldman Sachs, JPMorgan; investors like Guggenheim or Paul Tudor Jones; or insurers like MassMutual, which have decided to take positions in bitcoins or offer them to their clients as a critical hedge against the possible devaluation of the dollar. This has encouraged a large number of companies to buy bitcoins, which in turn has sent the value of the cryptocurrency soaring. Let’s see what happens if a country decides to buy bitcoin en masse.
It’s very hard to predict where the post-pandemic economy is going, but there seems to be a growing consensus that bitcoin will play a big role in establishing its direction of travel. The reality is that there are no more truths or lies about economics anymore. To all intents and purposes, and particularly in the post-pandemic context, the bitcoin is a far more valuable asset to gold, silver, the dollar or the euro. A fact that many people, regrettably, have yet to understand.
https://www.forbes.com/sites/enriquedans/2021/03/11/in-bitcoin-wetrust/?sh=7d4ee25d2a07
....
All of which points to inflation not far down the road. Traditionally, this is a prospect that would have triggered an increase in demand for store-of-value commodities such as precious metals. However, technology has come to the rescue with an increasingly compelling commodity called bitcoin, a cryptocurrency based on a fundamental principle: its supply is finite and it has already been issued at a very high rate. That gives it a fundamental advantage in terms of trust over either tradicional currencies or stablecoins based on baskets of coins or assets which, as we have already seen, are very unstable.
There are more and more important players in the economy, from companies like Tesla, Square, China’s Meitu and many others; banks like Citi, Goldman Sachs, JPMorgan; investors like Guggenheim or Paul Tudor Jones; or insurers like MassMutual, which have decided to take positions in bitcoins or offer them to their clients as a critical hedge against the possible devaluation of the dollar. This has encouraged a large number of companies to buy bitcoins, which in turn has sent the value of the cryptocurrency soaring. Let’s see what happens if a country decides to buy bitcoin en masse.
It’s very hard to predict where the post-pandemic economy is going, but there seems to be a growing consensus that bitcoin will play a big role in establishing its direction of travel. The reality is that there are no more truths or lies about economics anymore. To all intents and purposes, and particularly in the post-pandemic context, the bitcoin is a far more valuable asset to gold, silver, the dollar or the euro. A fact that many people, regrettably, have yet to understand.
https://www.forbes.com/sites/enriquedans/2021/03/11/in-bitcoin-wetrust/?sh=7d4ee25d2a07
Nice find, ivomm.
+1 WOsMerit
March 11, 2021, 08:59:17 AM
- Polymerase Chain Reaction (PCR) Test — The most accurate of all, slow, detects antigens (i.e., shows if you currently have the virus).
If memory serves, there is some controversy with PCR tests. Specifically, it will also test positive if you've had C19 in the past, as the dead tissue and cells do linger around for some time - is what I'm hearing. Maybe the antibodies even trigger a positive PCR test. Fuck. I dunno.
Anal swabs all the way.
Most accurate.
Trust me.
March 11, 2021, 08:57:19 AM
I see our ants are working hard...
I read somewhere that without ants the world would cease to exist. Now I see why.
I read somewhere that without ants the world would cease to exist. Now I see why.
March 11, 2021, 08:48:57 AM
OT: Me observing the second GME short squeeze/ bubble thingy...
No squeeze IMO. Just some old style hype, with the new business plan, new CFO etc.
By the way, I gave up any dreams of an explosive short squeeze, but managed to sell enough so I'm now playing with house money. Not a lot of dough, but it does feel smug!
according to WSB it's just a gamma squeeze.
+1 WOsMerit
You're right, and I stand corrected. I hadn't seen the spiky pattern of the previous (gamma+short) squeeze. Apparently, this time it's gamma only, and it's rather new as a phenomenon. A good piece I just found on Forbes lays it down in simple but accurate terms.
https://www.forbes.com/sites/georgecalhoun/2021/03/10/gamestop-the-second-surgeanatomy-of-a-gamma-swarm/
March 11, 2021, 08:10:52 AM
@BTC_Archive
This is what happened to #Bitcoin when the $1,200 stimulus cheque went out last time. 🤔
https://twitter.com/btc_archive/status/1369964886126657537?s=21
This is what happened to #Bitcoin when the $1,200 stimulus cheque went out last time. 🤔
https://twitter.com/btc_archive/status/1369964886126657537?s=21
March 11, 2021, 08:05:37 AM
Only 750 € for Euro-ATH.
Burn them trees!
Burn them trees!
March 11, 2021, 08:04:17 AM
Ok, that was enough for an ignore.
You flatter him that way. It's best to tell him to fuck the fuck off.
Price is going up nice and steadily. RSI on the 3D chart is moving across 70 with plenty of room for another move upwards towards new ATHs.
Confirmed.
March 11, 2021, 07:52:25 AM
Ok, that was enough for an ignore.
Price is going up nice and steadily. RSI on the 3D chart is moving across 70 with plenty of room for another move upwards towards new ATHs.
Price is going up nice and steadily. RSI on the 3D chart is moving across 70 with plenty of room for another move upwards towards new ATHs.
March 11, 2021, 07:42:56 AM
https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-prediction-stimulus-b1815134.html
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
That is just so incredibly awesome and shows how far we've come; what a wild ride
That won't save us from Elon Musk dumping his bitcoin.
March 11, 2021, 07:07:12 AM
https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-prediction-stimulus-b1815134.html
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
"Anyone who invested their $1,200 stimulus cheque into bitcoin last April would now have more than $10,000 worth of the cryptocurrency"
That is just so incredibly awesome and shows how far we've come; what a wild ride
March 11, 2021, 06:58:14 AM
In Bitcoin We Trust?
....
All of which points to inflation not far down the road. Traditionally, this is a prospect that would have triggered an increase in demand for store-of-value commodities such as precious metals. However, technology has come to the rescue with an increasingly compelling commodity called bitcoin, a cryptocurrency based on a fundamental principle: its supply is finite and it has already been issued at a very high rate. That gives it a fundamental advantage in terms of trust over either tradicional currencies or stablecoins based on baskets of coins or assets which, as we have already seen, are very unstable.
There are more and more important players in the economy, from companies like Tesla, Square, China’s Meitu and many others; banks like Citi, Goldman Sachs, JPMorgan; investors like Guggenheim or Paul Tudor Jones; or insurers like MassMutual, which have decided to take positions in bitcoins or offer them to their clients as a critical hedge against the possible devaluation of the dollar. This has encouraged a large number of companies to buy bitcoins, which in turn has sent the value of the cryptocurrency soaring. Let’s see what happens if a country decides to buy bitcoin en masse.
It’s very hard to predict where the post-pandemic economy is going, but there seems to be a growing consensus that bitcoin will play a big role in establishing its direction of travel. The reality is that there are no more truths or lies about economics anymore. To all intents and purposes, and particularly in the post-pandemic context, the bitcoin is a far more valuable asset to gold, silver, the dollar or the euro. A fact that many people, regrettably, have yet to understand.
https://www.forbes.com/sites/enriquedans/2021/03/11/in-bitcoin-wetrust/?sh=7d4ee25d2a07
....
All of which points to inflation not far down the road. Traditionally, this is a prospect that would have triggered an increase in demand for store-of-value commodities such as precious metals. However, technology has come to the rescue with an increasingly compelling commodity called bitcoin, a cryptocurrency based on a fundamental principle: its supply is finite and it has already been issued at a very high rate. That gives it a fundamental advantage in terms of trust over either tradicional currencies or stablecoins based on baskets of coins or assets which, as we have already seen, are very unstable.
There are more and more important players in the economy, from companies like Tesla, Square, China’s Meitu and many others; banks like Citi, Goldman Sachs, JPMorgan; investors like Guggenheim or Paul Tudor Jones; or insurers like MassMutual, which have decided to take positions in bitcoins or offer them to their clients as a critical hedge against the possible devaluation of the dollar. This has encouraged a large number of companies to buy bitcoins, which in turn has sent the value of the cryptocurrency soaring. Let’s see what happens if a country decides to buy bitcoin en masse.
It’s very hard to predict where the post-pandemic economy is going, but there seems to be a growing consensus that bitcoin will play a big role in establishing its direction of travel. The reality is that there are no more truths or lies about economics anymore. To all intents and purposes, and particularly in the post-pandemic context, the bitcoin is a far more valuable asset to gold, silver, the dollar or the euro. A fact that many people, regrettably, have yet to understand.
https://www.forbes.com/sites/enriquedans/2021/03/11/in-bitcoin-wetrust/?sh=7d4ee25d2a07
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