Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 7310. (Read 26720873 times)

We just broke €10k!



Let's hope we can stay above it this time.

We are either going to bounce off at 13.3k or 15.7k. Can't wait for the retesting of 10k. Thats going to be the final support test before launch to new ATH, I believe.

I do tend to agree with a large part of what you are asserting here, LFC, but surely there is a lot more going on with nocoiners than pure bitterness - because there are likely a lot of nocoiners who just don't realize that they are precoiners or they have not been properly introduced to bitcoin or have not been sufficiently enlightened to the actual raison d'être of bitcoin.

I understand that we could get into technical or semantical arguments regarding the difference between a nocoiner and a precoiner, yet I doubt that we would be making much progress to attempt to pigeon-hole either of these categories of potential bitcoin adopters.

I guess what I am speculating is that in 2-3 years or maybe even 5 years, we are going to have a large number of new bitcoin adopters who had been in both categories, and probably even a certain number of them are going to have selectively forgotten why they had previously been so hostile to bitcoin, and even arguing why they are more OG than some other bitcoin adopter, including some of us who are likely objectively way the fuck more OG than them.

In the end, probably it does not matter too much regarding which bitcoiner is MOAR OG than the next, and surely some bitcoiners will either have great advantages in terms of having had been able to go from rags to riches because they had accumulated their bitcoins really early or that they had persistently continued to attempt to accumulate bitcoin (even while making lots of mistakes along the way) and strung together a decent BTC position through many years of struggle and sacrifice, and likely some other later adopter bitcoiners might have just converted (or become enlightened towards bitcoin) at some later point in time in which they are able to move the silver spoon from their mouth into some other pot, such as the bitcoin/kingdaddy pot.

BOOM baby!!!

the noon wall report

Bitcoin is currently trading above $11.7k on rising volume and finds itself in a relatively unique position where it has broken through previous resistance zones and has little but open air between it and the low teen's.
The heavy 'shoulders' in 2018 and 2019 of this resistance are highlighted in the lower zoom chart. The only other resistance between us and a new ATH imho is in the $14k-15kish range shown by the ichimoku ATH daily cloud 'twist' in early 2018.

medium and short fibs
4h


long and short fibs
D


Zoom

@winklevoss
Not owning #Bitcoin  today will be a worse investment decision than not investing in $APPL, $GOOG, $AMZN, and $MSFT in the early 2000's.
https://twitter.com/winklevoss/status/1289598198760185856?s=21

Agreed.  I was looking forward to this being how it turned out for the same reason... the big money knows they can splash around and ring money out of their new bitcoin toy when all is relatively quiet on the water so to speak, but they're also realizing it becomes dangerous to stand on the shoreline when the storm surge might be about to hit.

I would love to see the institutional manipulators get creamed, but the fact is they are just too smart for that.  Most of them will ride this thing up with us.

And *that*, I think is one of the reasons I think there is a small chance we see some differences in this cycle.  

Not enough of them knew what BTC cycles were the first 2 (3) times.  I mean most of us were just lucky to be there to watch those ourselves.  But if you read that Fidelity piece there is a growing number of people who most likely control a LOT of funds that TODAY are drinking their espressos and saying the same thing to each other that *we* are: "You know... this could be the big one".

The work of bankers in one part of the world is directly connected to the Mad Max in other parts.

BUT
before we all shed our cultural pessimism crocodile tears - overall it is not all going down the drain. The opposite is true: all parameters that measure poverty and violence indicate that humankind is making progress. Don’t get overwhelmed by media attention focusing on only catastrophic news.  More folks have escaped poverty and experience less violence than ever before in history. Corona is a major setback. The fiat collapse will be another.  But there is no zombie apocalypse waiting around the corner.

When pics of courses return?

Finally BTC going up again, meaning the dude at resto again 

I thought that a lot of businesses, governments and even individuals were spending a lot more time considering the filtering systems of their air circulation systems, whether we are talking about buildings, enclosed recreation, or enclosed transportation systems. 

Of course, some smaller buildings or less trafficked places might not have air circulating systems, but I bet that the consultation and even the production of filters and filterting systems for buildings, enclosed recreation, and enclosed transportation systems has been becoming a booming kind of business, even if it might NOT exactly be a bit clear regarding how much of a difference (based on evidence and logic) that such filtering systems might make to spreadability of viruses or possibly other health benefits as compared with costs of such possible filtering systems.

No, you can‘t blame weed for that.

BTC right now:

https://www.youtube.com/watch?v=kgvRlx65BOA

Down before up?  Where have I heard that one before?

Could be necessary to get down before up, but I am not sure.  

Seems that I have heard those kinds of, "down before up" proclamations on a number of occasions, and they don't necessarily end up happening, even though they are purportedly "necessary," and they may even cause some people to wait before buying BTC, to sell some of their BTC or even more risky, to short with an expectation of buying MOAR BTC, and any one of those courses of action might not play out very well in terms of preparing for the likely more important aspect of bitcoin, which is the "UP aspect," which seems to be an actual thingie-ma-jiggie in bitcoin investing strategies.

Just a short note:
Bitcoin price didn't dump just before CME futures contract expiration date and i'm very happy about that.
This is, only for myself, the confirmation that we're at the start of the next bull cycle.
@JJG: Maybe you should cancel your cancellation of hookers, blow and lambos now    

You could buy property and generate a residual rental income - but only if your tenants continue to pay you.

You could buy land and become self sufficient in energy and food - but only until someone comes along with more guns than you and takes it from you.

But then you enter into  territory for which there is no preparation, I suppose.  Makes me think of that movie "The Road".

Which begs the question: which is better for the average pleb - a world run by bankers or a Mad Max world?    (accepting that some parts of the world are already suffering both).

yes, but what will be the "form of destructor" as per "Ghostbusters"?
We are choosing it right now, I believe, all of us.
My bet is on MMT. It will be inflation, finally.

The world seems to be in such a poor shape... we can't really have ANY expectations regarding long-term passive income. The big reset in coming.

No doubt GPT-3 can write something that makes much more sense.