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

[bitcoinPsycho]

I see everyone keeps looking for news or blaming some FUD or the other for bitcoin's price drop.

If this was about something having to do with bitcoin you would see the bitcoin price drop and alts remaining fairly stable.

This is about major market sentiment. A cycle that has been seen throughout history and repeated itself once again. Big money moved in, the price started to climb so everyone and their brother started buying so they could get those sweet 1000% gains that they were promised. Then we topped out and the price started going down. This is not what we were promised!?! I was supposed to be able to retire by buying bitcoins at $10k! What's happening!?! I better get out of this thing I have no clue about quickly! Sell! Sell! Sell!

The weak hands that have no clue will leave. But the big money will stay. They like volatility. We just fed the Wall Street beast the money of a bunch of ignorant n00bs and they will want more. They will play the market. They will get their money.

That is why we hodl. We understand that we cannot time the market. We do not spend every minute of every day watching the patterns and charts and use our hundreds of millions to move the market. We sit back and let others do that for us and we hold out.

All of my friends thought I was smart for buying so early. The smart part was not buying early, but not selling when the market was scary.

Well said
I award you with 100 Tether merit

[1675700064]

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[marcus_of_augustus]

Yeah, let's all move in Bcash, it'll be so much better to scale bitcoin with bigger blocks size instead of smaller transaction sizes. Tall tales, bigger lies and bigger blocks is what makes bitcoin great, just ask satoshi. He was at Davos pumping Ether, honest he was.

[cAPSLOCK]

Who sold at the bottom?

We don't know that yet...

[egyptian magician]

pessimist

No, my friend. Realist. When people are telling me their 16 year old nephews are making easy money trading crypto, it means the market is way overbought.

[Elwar]

The price will probably stick at $6666 for a while.

[RayX12]

Who sold at the bottom?

We don't know that yet...

I bet Jaimie Diamond was buying!

[the artful bodger]

pessimist

No, my friend. Realist. When people are telling me their 16 year old nephews are making easy money trading crypto, it means the market is way overbought.

On a less depressing note, the bitcoinity all time charts show bitcoin is up by +138258% today.

[User705]

I see everyone keeps looking for news or blaming some FUD or the other for bitcoin's price drop.

If this was about something having to do with bitcoin you would see the bitcoin price drop and alts remaining fairly stable.

This is about major market sentiment. A cycle that has been seen throughout history and repeated itself once again. Big money moved in, the price started to climb so everyone and their brother started buying so they could get those sweet 1000% gains that they were promised. Then we topped out and the price started going down. This is not what we were promised!?! I was supposed to be able to retire by buying bitcoins at $10k! What's happening!?! I better get out of this thing I have no clue about quickly! Sell! Sell! Sell!

The weak hands that have no clue will leave. But the big money will stay. They like volatility. We just fed the Wall Street beast the money of a bunch of ignorant n00bs and they will want more. They will play the market. They will get their money.

That is why we hodl. We understand that we cannot time the market. We do not spend every minute of every day watching the patterns and charts and use our hundreds of millions to move the market. We sit back and let others do that for us and we hold out.

All of my friends thought I was smart for buying so early. The smart part was not buying early, but not selling when the market was scary.

This is well said but there’s also something to be said about being smart and trading at major inflection points or when BTC gets significantly above or below fundamentals ie production costs.  Above 10k old miners were being turned on.  Probably a good time to get some fiat.  If we get to low single K miners will start getting turned off.  That’s probably a good time to load up.  But trying to catch a falling knife now is pretty risky.  But buying back coins sold in high teens is probably a good idea now.

[rafanadal]

The price will probably stick at $6666 for a while.

no, maybe at 5000

[cmacwuz]

So anyone else in the camp thinking this is the final up-down before the bigger bubble cycle (see May 2013)? Since we endured a long bear market, I have a feeling that with greater market inertia, we end up having features that are longer in time.

In any case, I don't see myself regretting holding in 2 years time. Of course I could have timed so as to increase by BTC holdings 5x during this cycle, but after this exposure I don't see a prolonged bear market coming until a major technical/political issue erupts to hurt crypto.

I'm young, fuck the USD, fuck the gov't. Good luck to everyone and may the bottom bounce like a golfball on an ice rink

[jojo69]

I want to know Roger's feeling now.
BitcoinCash = 500$

$875 where I'm tarding

[Nosk]

I think I found the safest way to hodl.

[gembitz]

I want to know Roger's feeling now.
BitcoinCash = 500$

$875 where I'm tarding

50 cent?    weee

[Bitcoinaire]

The price will probably stick at $6666 for a while.

Dang, just like 2014 but with an extra 6...........

[greensheep]

The price will probably stick at $6666 for a while.

Seems like floating around 6800, trying to go higher, but stable
Curious what tomorrow will bring, hope there is some good news from that American governement meetup.

[lightfoot]

I think the meetup has been postponed till the 14th. Bummer.

[User705]

The price will probably stick at $6666 for a while.

Seems like floating around 6800, trying to go higher, but stable
Curious what tomorrow will bring, hope there is some good news from that American governement meetup.

Wow sad satate of bitcoin to hope for good news from US gov.

[HairyMaclairy]

The price will probably stick at $6666 for a while.

Seems like floating around 6800, trying to go higher, but stable
Curious what tomorrow will bring, hope there is some good news from that American governement meetup.

The text of the testimony has been released.  It is largely ok. Basically scams need to be stamped on but the securities regulator does not want to stop innovation.

[marcus_of_augustus]

THIS IS IT!!!!

https://youtu.be/wYlptbR0Dkw

[megadeth]

Multi year bear ?