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

[Anon136]

Jojo that was EXACTLY my face. I think I was in some pit of despair without consciously realizing it because green candles have never in my life surprised me as much as these.

[1685531334]

1685531334

[1685531334]

1685531334

[1685531334]

1685531334

[Derpinheimer2]

Too many dumbos trying to short the bottom.

Was this big enough to liquidate some of the shorts that are actual spot? I'm not talking about the derivatives like OKex and Bitmex. Or did it hit a lot of stop losses on shorts instead of liquidation?

Barely any hit

[RoomBot]

{hate speech} as per usual.

SPEECHLESS .. SOBs..!!!!! and that was back on August 4th.. !!!!!!!!!!!! WOW   ... Again, Speechless...

Quoting the roaches racists shit is a "ignorable" offense, FYI.

Using the left's weaponized language isn't much better.

Hah!, I don't even know what that is!

ADDED: Is that like the dark state or something?

I just don't read all that Q shit.

"hate speech"... it's a phrase cooked up by alinskyites to delegitimize and deplatform their political opponents without actually addressing the content of their message. It's like saying "conspiracy theorist" or "denier" instead of skeptic. It's politically weaponized language. I don't know if roaches claim is true or not, but if it is true than there certainly isn't anything wrong with speaking truth. Except for being off topic of course. So if you really wanted to attack it than you should attack it on the grounds of being either untrue, unimportant even if it were true, or off topic. Not on the grounds that it's "hate speech" which is basically saying "shouldn't be allowed because it makes me feel neggies" (coining that word right now, means like feeling negative emotions, but in a sarcastic making fun of snowflakes kinda way).

I'm not defending roach here. Just things like "hate speech" or "conspiracy theorist" are almost as annoying as euphemisms like "people of color" or "undocumented immigrant". Grinds my gears you know.

Anyway I don't want to go down a rabbit hole here in this thread so we should go elsewhere if anyone wants to pursue it further.

Some people are just beyond help and shouldn't be engaged. Flat earthers, scientologists, and roach are just going for publicity or trying to brainwash people. Engaging them just makes them feel more righteous and legitimizes them. Sort of like if i wanted to start spreading a belief that everyone who doesn't agree with me is a zombie controlled by squirrels that live deep deep underground. And don't you dare call it a conspiracy!

Pro-Tip:  Stop quoting them.

[Rosewater Foundation]

I don't know if roaches claim is true or not

You mean the calamari thing? You're kidding, right?

[Rosewater Foundation]

Calamari for everyone!

[Rosewater Foundation]

And so on.

Bitcoiners.

[HairyMaclairy]

[HairyMaclairy]

Calamari for everyone!

Where the hell have you been?  The police have been searching everywhere for you.  Your mother has been worried sick.

[Rosewater Foundation]

Calamari for everyone!

Where the hell have you been?  The police have been searching everywhere for you.  Your mother has been worried sick.

I come and I go. What's news? Extropianism still popular with the kids?

[HairyMaclairy]

I copped some slight heat for calling a local bottom yesterday.  But I think the thesis still stands with a local target of $7200 - $7300.  Then pucker.  

1-800-How’s-My-Driving




In other news:

[Anon136]

I don't know if roaches claim is true or not

You mean the calamari thing? You're kidding, right?

I think he said something about child trafficking being run but some Jews or something? I think it was something like that but I'm not going to go searching. Not sure, don't really care. I don't trust roach enough at this point to dig into some claim that he makes.

[bones261]

I don't know if roaches claim is true or not

You mean the calamari thing? You're kidding, right?

I think he said something about child trafficking being run but some Jews or something? I think it was something like that but I'm not going to go searching. Not sure, don't really care. I don't trust roach enough at this point to dig into some claim that he makes.

No need to do much research. Many of his views can be "researched" just by making one stop at the Daily Stormer. https://dailystormer.name/

[jojo69]

1-800-How’s-My-Driving

pretty decent, this is all just noise in the falling wedge so far.  I put our next date with destiny in mid November when we will meet an ascending log trend that dates back to 2012.  Find support there and we are parabolic again, fail that support and we, finally, start to get real capitulation with 3K almost assured and 1200 not out of the question.

I, for one, am shifting my focus to fiat accumulation to be in a position to take advantage of the latter possibility.

[JayJuanGee]

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.  

That part that you quoted is really dumb... it is a very similar talking point that Vitalik makes about bitcoin being inefficient in terms of energy.

And, part of the dumbness of it remains that the mining of bitcoin remains individually incentivized in part based on electricity costs, so individuals are deciding freely how much to spend on their particular mining operation.  In the end, who gives a shit if they end up losing money or wasting electricity, because they are going to have to pay for it.. which also causes a kind of incentive for them to become more efficient in order to .. wait.. wait.. wait.....

attempt to make more profits.....

Capitalism free market at its best is to allow the individuals to decide and to gamble and hope to beat others in order to make more money for themselves.

[JayJuanGee]

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.

What you gonna do with your bitcoin, once it reaches $50k?  you totally cashing out and buying gold?   hahahahahahaha  

So, if bitcoin "crashes back to $10k", you will be protected, but would you be protected if bitcoin crashes from $50k to $500k?

Seems like I already asked you this, but I still don't recall whether your actual answer (plan) is reasonable in order for you to be able to really sit back and relax and be protected for a variety of scenarios:  What you gonna do?  What you gonna do?

PS:  Actually, part of the reason that I am asking this again with such earnest is because $50k is seeming more and more likely to be on its way... even compared to late 2017 / early 2018....   It is possible that we could be at $50k less than a year or it could take a few years, but it is seeming to have decent chances, especially after this most recent correction from $19k to $6k... and so we are actually fueled up pretty well for another shot... seems to me.


PPS:

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  

At $50,000 I’ll probably sell about half & live off the rest, maybe buy a bunch of real estate so there’s constant money still coming in.

I see if I had read ahead, then I will see that you have a kind of 50% and rough outline..   To the extent that you do not buy real estate, it sounds as if you might be cashing into fiat, no?  would that just sit in a bank or would you have it hedge invested in some kind of fiat investment that you believe to be more liquid than bitcoin?

[JayJuanGee]

http://blog.mclain.ca/buy-and-hold-31-cryptocurrencies-for-365-days-week-52/

This is the final instalment of one geezer's 52 week journey of buying and holding.

Result - just under break even.

Makes it appear that there is some kind of value in dabbling in other cryptos, besides bitcoin  - and seems like a possible BIG ASS waste of time and energies, while getting lost about what is the best of the long terms of the cryptos - and that is bitcoin.  Sure, maybe you can play around with some other cryptos, but you gotta be careful not to get lost with their distractions.. and even mentally considering some other cryptos as if they were long term and fundamentally competitive to bitcoin.

[infofront]

https://twitter.com/Beastlyorion/status/1032121259209969665

[JayJuanGee]

Bitcoin in Dec 2021 (more than 18 mo after halving) would be...

1. At peak (similar to 2013 and 2017)? 100k? 160K?
2. Coming off earlier blowoff peak in 2019-2020?
3. Being stuck in the doldrums, albeit with a higher price of 8K-10k?

IMHO, probabilities (from scenario 1-3) are 40%, 30%, 30%.

Your opinion?

Interesting scenarios, and they do seem to cover several possibilities, but not all of the possibilities, right?  So the answers could not add up to 100%, unless the answers are covering all of the possibilities in your list of scenarios. Right?

[HairyMaclairy]

pretty decent, this is all just noise in the falling wedge so far.  I put our next date with destiny in mid November when we will meet an ascending log trend that dates back to 2012.  Find support there and we are parabolic again, fail that support and we, finally, start to get real capitulation with 3K almost assured and 1200 not out of the question.

Agree.  I believe we cannot achieve capitulation without breaking downwards from the log trend from 2012.  It’s only a question of time. I also believe we will hit absolute bottom within a month of breaking the log trend and start the long slow road to $100k plus.  I have no idea what the bottom number is - I can only measure by time until halvening.  But by definition, capitulation is a number low enough that it puts the fear of the end of the world into sellers.  

Edit:  there is a real possibility we will break upwards from the descending wedge once or twice more before we break downwards from the long term log trend from 2012.  This would moderate the depth of the plunge when we do break.  

[El duderino_]

SOON!!

 Sorry I'm out of sMerits again!




edit: Thank you, merci!

Doing what i can with my remaining 3 Smerits but man i recieved a (very generous amount of Smerits....) last weeks , but they fly away .......  like its nothing , whatever Just woke up early and love to see a pump in the morning hours it fits good with my coffee and morning exercises So keep Going BTC doing good