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

[Last of the V8s]

Twitter is buzzing about shorts... what's this all about?

https://datamish.com/d/000000004/btcusd?refresh=20s&orgId=1
12.8k net shorts just like in April
hopium-smoking bulls expect a big old short squeeze again

[1686188852]

1686188852

[1686188852]

1686188852

[1686188852]

1686188852

[LFC_Bitcoin]

Where pedophiles reign supreme

[Cassius]

Twitter is buzzing about shorts... what's this all about?

https://datamish.com/d/000000004/btcusd?refresh=20s&orgId=1
12.8k net shorts just like in April
hopium-smoking bulls expect a big old short squeeze again

Shorts are at a year-high, and shorts:longs is also almost at a high.
I.e. the market as a whole is betting heavily that BTC will fall.
However the 'wisdom of crowds' tends towards somewhat stupid, and 'the market exists to make fools of as many people as possible' (can't find a source for that quote but it's logically correct). When everyone thinks it's going down, the sellers have already made their moves and have run out of firepower.
So a short squeeze is not off the cards. However, as Max implies, if longs were at an all-time high the bulls would take that as bullish too.

Edit: found it. Bernard Baruch. "The main purpose of the stock market is to make fools of as many men as possible."

[HairyMaclairy]

"The main purpose of the stock market is to make fools of as many men as possible."

Preferably all at the same time.

[Globb0]

if it were true there was 1 (or a few) main manipulators, then it would follow they would want to move the opposite way to all the shorts (or longs)

[Last of the V8s]

how r u meant to observe the walls if they r invisible

[Globb0]

I stopped myself asking show me the invisible wall?   

[Last of the V8s]

https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=61CD5B55-EA3E-41F2-BB4B-3EEB7879131F#

The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?

[Last of the V8s]

(@Sheffield)
Small-time guys leaving. OG's are not selling and/or are accumulating.

[crypmike]

Own Bitcoin or other digital currencies, 2018.

Turkey: 18%
Romania: 12%
Poland: 11%
Spain: 10%
US: 8%
Austria: 8%
Germany: 8%
Italy: 8%
Australia: 7%
Netherlands: 7%
UK: 6%
France: 6%
Belgium: 5%
Luxembourg: 4%

https://think.ing.com/uploads/reports/ING_International_Survey_Mobile_Banking_2018.pdf

[realr0ach]

if it were true there was 1 (or a few) main manipulators

If?  IF?  There is no if.  You need to be an extremely bad trader, completely clueless, or a combination of both to not have figured out the price is controlled by a single entity operating on Bitfinex by now if you do anything whatsoever in these markets.  A lot of you people are just dumb money hodlers, so I guess that's why most of you haven't seen it because you just buy some shitcoins from the ATM, drive home, then pass out on the couch eating cheetos and don't really interact with the market at all.  

Then again, you people are also completely clueless about lots of other obvious things when my average day is usually something like this:

[Icygreen]

PAY NO ATTENTION TO THE MAN BEHIND THE CURTAIN!
This was my main hurdle and concern in the very beginning.  No doubt there is manipulation, really super BIG entities, market makers, or however you'd like to call it. This is the reality of being involved with bitcoin at such early stages (wild west?)  But make no mistake, we are all here (market makers included) for the very real possibility that bitcoin will grow because of sound fundamentals,  and a growing desire/need for a sovern currency free of QE and inflation. If market makers didn't believe in any of this, they'd have left long ago on a pump, never to return.
I feel life's too short to not be part of this very rare opportunity and I'm content being among the big players who can move the markets. I will mitigate my risk by choosing not to trade on shady exchanges like bitfinex or simply not trading at all.
Those who are short term gambling the market or here just to make a buck are the ones targeted by the market makers. So in essence, if you've got time, HODL is likely the best option.

[STT]

In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications?

I would expect of the two crypto will suffer if it does not become more efficient.   Every free market favours the most efficient solution to reach the same point.   Bitcoin as part of its security goes out of its way to introduce this energy cost but I dont think thats feasible for regular simple use globally.   


https://i.imgur.com/MhI5NZt.jpg


Bullish peak in shorts relative to a price that is going sideways after leaving a negative channel, I think thats relatively bullish in an ironic way

[Torque]

https://www.energy.senate.gov/public/index.cfm/hearings-and-business-meetings?ID=61CD5B55-EA3E-41F2-BB4B-3EEB7879131F#

The purpose of the hearing is to consider the energy efficiency of blockchain and similar technologies and the cybersecurity possibilities of such technologies for energy industry applications. In particular, should we expect electricity prices to increase from rising electricity demand in blockchain applications? In addition, how can we evaluate whether blockchain and similar approaches will soon improve the cybersecurity of computing systems used to supply our energy?

Boy, I wish I had a cushy govt job where I could get paid to just go to meetings and hearings and spout off a bunch of meaningless, irrelevant mumbo jumbo about things that I have no idea what I'm talking about.  

[Last of the V8s]

^lol Torque soo cynical
https://eosindex.io/projects/246-drugex

DrugEx unites sellers and their customers through personalized data intelligence for an unprecedented drugs dealing experience. We are creating a more sustainable retail economy where drug dealers become stronger by working together and drug buyers get rewarded based on the value of their data that they fully own, control, and can share.

Wonder if the block producers will wear this.

[El duderino_]

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind 

[LFC_Bitcoin]

sometimes i do like to go in my ZEN modus when i'm into mood and look to the near future .....



future talks crypto !!! just keep that on mind 

I wanna see $50,000 per coin & then I’ll never have to do another single days work EVER & nor will my kids if I have any.

Pleeeeaaasssseeeeee crypto God’s, make $50,000 per coin a reality.

[Last of the V8s]

[El duderino_]

myself also still whitout children BUT i do think 50k coins are there in the near future "few years to be near future...." if its faster its all good but @50K i will not liquidate all of my coins .... i think i would max sell 30% or so then see how everything goes

I JUST LIKE MY COINS TO DAMN HARD  

[Gyrsur]

I JUST LIKE MY COINS TO DAMN HARD  

#MeToo