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

[Rosewater Foundation]

What a shitshow. This is how bears are born. I'm out of here.

[1714224435]

1714224435

[1714224435]

1714224435

[Rosewater Foundation]

*departing cringe-y homespun wisdoms*

[HairyMaclairy]

[JayJuanGee]

[edited out]

yeah, just venting but for one point....there is NO legit reason I can see for the fall but FUD....usually, there was more to a fall then FUD or upcoming 'supposed' stuff like the ETF...thus the bottom is not in yet...thus annoying....myself

Sometimes there is just NOT a tangible reason for a price decline, so it is kind of playing into the theories of Hairy, Majormax and likely a few of the others who are expecting longer term waves that result in continued downward price movement.

Yeah, I don't want to give too much credit to these technical theories, but you gotta admit that the momentum of the ups and downs is kind of playing out their theories in a text book sort of way....  there is a failure to break above certain points, so then there is a correction down that ends up attempting to push down to the extreme, so yeah, even though their theories are playing out in terms of current BTC price movement, we can also experience reversals... because this is bitcoin.  

In sum, what I am attempting to say is this current momentum is largely driven by a kind of reasonable UP and DOWN momentum within a range... and the FUD spreading might be used as explanations that do not really explain, except perhaps on the margins, and bitcoin was going to largely do what it was going to do, whether there was FUD spreading or not.

it is also 'bot city'

What is so unusual about that?  BTC (and other cryptos) are great for the employment of bots.  How you gonna stop it?

I hope due to August and low volume...kinda  prefer the days when an exchange would f*ck up ...at least i had the illusion of 'why' the price dumped (or pumps) for that manner

Bitcoin has to be at least 10x BIGGER than it was just a few years ago, no?  There are 10x more exchanges and ways to liquidate your BTC, and there is more developments, too (maybe not exactly 10x, but a lot of factors)... Part of growth remains that it is going to be more difficult to track down how the price moves, even though the BIGGEST of players likely have their hands in more pots, and are therefore able to better measure and anticipate movement(s) as compared to smaller fishes, like us.

on my side of the fence however I have more than enough ..even if btc hits $1k again to stay in my retired state till full retirement at 65 years (my work IRA gets me the last way home till full 66 years....even if I have to eat all crypto...also 65 medicare kicks in) thus I'm golden (compared to most folk) ....but again, up till Jan of 2018 ..I had the 'illusion', even as an expected bubble that I had a grasp of what the heck is going on (mining/equip flips/etc) er...now NOT SO MUCH...not handling 'humility' well.

But again, above is a 1st world problem, I can deal with, no more working for someone no matter how this plays out moon or tulips.

so I bitch and moan....again, mostly on the 'illusion' of the past that I had a handle on something with BTC and crypto..er now

not so much

brad

I agree with you.   You are in a much better position than a lot of folks to be able to ride this shit out  (look at Rosewater.. he is preparing to go to the cupboards again, and maybe he will have to stay for several weeks, or perhaps longer?), even if it goes down to $1k, which seems quite unlikely.   So, having the ability to ride it out certainly does help a lot, even though it still be somewhat depressing and disappointing that our BTC portfolios remain worth about only 1/4 of what they were during the late 2017 / early 2018 price surge.

But, really we cannot completely measure our wealth based on BTC price surges, even though the surge likely foretells to where BTC prices are going to return, even if it takes several years to get there.. which is still in your window of making it to 66years old.  Yes, it would have been nice to reach and surpass $20k earlier, and to take some more extreme moves in terms of removing some value from BTC at higher prices, but even if we did not remove value, I think that we have a decent signal for decent odds to that BTC will be returning to those higher ($20k-ish and above) prices within a reasonable longer term investment time frame... which should be the mental framework, anyhow for us longer holders and those of us who really have decent confidence in bitcoin's fundamentals - which have also remained unshaken, despite attempts of bearwhales to shake some of us from our coins.. and not going to happen with several of us.

[mymenace]

Looks like Dodgy Roger and his cronies is doing a runner

Some people are going to be pissed

Huge swings, willybot, fake news - Yep we seen this before

and the whales win, while everyone stands around arguing

[Syke]

aliens?

[xhomerx10]

aliens?

 Pretty sure that's Han Solo in carbonite... suspended animation?

[DaRude]

Looks like Dodgy Roger and his cronies is doing a runner

Some people are going to be pissed

Huge swings, willybot, fake news - Yep we seen this before

and the whales win, while everyone stands around arguing

Their ability to prop up bcash directly correlates to their profit from bitcoin.

[DaRude]

ah..sh*t and even 6600 for BTC.....

well, hell it is only $$$ right? FML (sob!)

but with August being lite on volume....the bots and such are gonna have a frigging field day....it seems....

(crypto...too much drama....want some plain boring news...it is like a crypto soap opera

gossip/anticipation of ill gotten gains (etf) ...sh*t....

still going with my original view on the next 2-4 years...EVERYTHING is going down 50% crypto, stocks, house, etc...I myself

see a pretty good recession coming down the pike..my only hope is 1) btc is dumping now rather than later when stock market

chokes 2) a normal recession is a 20% pull back..me I'm expecting 40% deep recession..thus my 50% it GONE viewpoint...

3) should really consider at this point in time being a 'minimalist' sell crap on ebay for btc low prices..if right SCORE...if wrong

hell less crap so its a win/win...


frigging silly hairless primate humans running around hooting and panic'ing and tossing 'poo' ...(metaphorically speaking with FUD)...

frigging amazing we have not blown ourselves back into the stone age yet....(get me off this planet!..I wish to defect!)

and now we are at 6,550..per btc ..the fun never ends here

brad

I know that you (Searing) and I have had several back and forth communications (both publicly on this thread and a few PMs, too), and currently, I am thinking that part of the explanation why you (and this seems to apply to a few others in this thread too, like Rosewater) tend to get more nervous about downfalls in the BTC price, as compared with me, is that you are looking at the downfall in BTC price as a loss of value to you, because you are focusing on the fiat value.

Of course, I understand that the fiat value is important, especially in the long term, but I think that I can distinguish myself from you partly based on my attempting to view the opportunities to increase the number of my BTC.  Yeah, I am not the only one like this, and there are a few of us who might still be a bit bummed out that the overall fiat value of our holdings is becoming less, but several of us attempt to make lemonade out of these lemons by buying BTC with the dips ... and really if we go to $6k or below $6k, this is going to be like the 4th time that BTC price is visiting these price territories.. .Sure, BTC price could break below $6k (and even below $5,777 which is currently the lowest price for this correction cycle), but nonetheless, we are doing good, no?

Can't we buy some more BTC?  Can't we attempt to appreciate buying opportunities (even if we are a little bit bummed out because our price direction preference remains, UP)?

yeah, just venting but for one point....there is NO legit reason I can see for the fall but FUD....usually, there was more to a fall then

FUD or upcoming 'supposed' stuff like the ETF...thus the bottom is not in yet...thus annoying....myself it is also 'bot city' I hope

due to August and low volume...kinda  prefer the days when an exchange would f*ck up ...at least i had the illusion of 'why' the price

dumped (or pumps) for that manner

on my side of the fence however I have more than enough ..even if btc hits $1k again to stay in my retired state till full retirement

at 65 years (my work IRA gets me the last way home till full 66 years....even if I have to eat all crypto...also 65 medicare kicks in)

thus I'm golden (compared to most folk) ....but again, up till Jan of 2018 ..I had the 'illusion', even as an expected bubble that I

had a grasp of what the heck is going on (mining/equip flips/etc) er...now NOT SO MUCH...not handling 'humility' well.

But again, above is a 1st world problem, I can deal with, no more working for someone no matter how this plays out moon or tulips.

so I bitch and moan....again, mostly on the 'illusion' of the past that I had a handle on something with BTC and crypto..er now

not so much

brad

Just people wanting to make a quick buck. Half a billion USD in leveraged longs just on Finex salivating for the moon while paying daily interest. Market can stay irrational longer than you can stay solvent.

[mindrust]

I want to experience the same thing you all did back in the day.

My wish is about to become real. I am so excited. $3k incoming. 

Are you excited too guys? Are you?

Soon I'll be able to complete my "5btc party" ticket. 

[jbreher]

We are just stuck at 7k. Blah.

Well, that comment aged poorly.

grr

[JayJuanGee]

I want to experience the same thing you all did back in the day.

My wish is about to become real. I am so excited. $3k incoming. 

Are you excited too guys? Are you?

Soon I'll be able to complete my "5btc party" ticket. 

you are trolling us.   

Even you realize, still, that $3k is not likely to happen without some very, very, very powerful FUD spreading... Maybe another "hack" of Bitfinex or Binance or some other BIG news could push us in that extreme of a direction...

[vroom]

I want to experience the same thing you all did back in the day.

My wish is about to become real. I am so excited. $3k incoming.  

Are you excited too guys? Are you?

Soon I'll be able to complete my "5btc party" ticket.  

bear dreams  

[HairyMaclairy]

[mymenace]

Looks like Dodgy Roger and his cronies is doing a runner

Some people are going to be pissed
Huge swings, willybot, fake news - Yep we seen this before
and the whales win, while everyone stands around arguing

Their ability to prop up bcash directly correlates to their profit from bitcoin.

correlates to their profit scams from bitcoin - fixed

Nothing new there. Here is something new.

The only way to get to Roger is through his shills


See what they do to people - poor deluded soul, or is it

it will be interesting to see how much impact their exchange will have. i think very little at the beginning. traders are not reacting on any kind of news anymore.

Frustrated hodlers and dissapointed bulls will dump soon enough! Lot of margin calls, pain and suffering are lying in front of us. There is no need to wait for any statement of the Winkliiis to make the situation even worse.
There won´t be any ETF, ever. Experiment BTC failed. Good night & good luck game over.

[El duderino_]

I want to experience the same thing you all did back in the day.

My wish is about to become real. I am so excited. $3k incoming. 

Are you excited too guys? Are you?

Soon I'll be able to complete my "5btc party" ticket. 

Oooooh not welcome @btc party’s
When wishing low doom prices 

[RivAngE]

It's funny how the media is throwing the ball to ETF delays. Like having ETF and making it easier for manipulators to short Bitcoin would bring any benefit to crypto-believers like us.

Sure, whoever started this dive timed the selling with the news about the ETFs, but only in order to confuse weak hands and intensify the confusion and panic.
What I don't understand is HOW is someone able to manipulate the market, whenever they decide to sell they make it so people will panic sell driving the price lower. When they're happy with the lower price they buy so much that a spike is created and people go into FOMO mode, driving the price higher only for the manipulators to repeat the circle.

Even though I'm an experienced forex and stock market trader, when I tried to trade some Bitcoin futures I got for free (signature campaigns) I got beaten from the market.
For as long as there are people trying to trade Bitcoin instead of HODLing it, manipulators will keep playing with the price.

[Elwar]

I'm not liking the new crop of folks that came in this past year. They don't really know anything about Bitcoin (Satoshi? Is that some sort of seafood?). They just want to see the price go up. Maybe the government can pass a law to make the price go up. That's all that matters.



I hope the price crashes to the point that they all sell the bottom and never come back until they're paying for their bread after waiting in the bread line with bitcoins.

[slowlyslowly]

I want to experience the same thing you all did back in the day.

My wish is about to become real. I am so excited. $3k incoming. 

Are you excited too guys? Are you?

Soon I'll be able to complete my "5btc party" ticket. 

you are trolling us.   

Even you realize, still, that $3k is not likely to happen without some very, very, very powerful FUD spreading... Maybe another "hack" of Bitfinex or Binance or some other BIG news could push us in that extreme of a direction...

I am not so sure. Bitcoin has had massive drops in percentage terms after we have skyrocketed before. I think a figure of $3,000 is quite possible without some a new bad news event or lots of FUDding. Does anyone really know why we stopped at about $6,000 on the initial rundown? if it was whales holding up the price they may do it again at a lower figure next time?

But I am overall very bullish. Gosh we were at about $3,000 only about a year ago and at the point it was at an 'all time high". Every bitcoin bought in the years before that even if it goes to $3,000 is a great purchase.  And in a few years we will be laughing at how low $19,000 was just like we laugh now at the $31 peak or the $1000 peak. Just slowly buy and hold - we are in fine shape - bitcoin has seen off everything people have thrown at it and the basic reasons for owning remain the same as 2009 so more new comers will buy in as they get told about the benefits. Time is our friend.

[withlove99]

BTC can't to reach 83xx - 84xx as I expected, this is disappointing
If D1 confirm down new cycle when candle drops below 6369. Note this. Red line will take effect.
How is the opinion of people?