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

[Lambie Slayer]

Yesterday's dump was because of some miner who transferred 2500 BTC in Bitfinex and sold directly. He was not a trader, because a several hours earlier, he could have sold to an ask wall of 1180BTC at 4230$. This guy clearly went above the electricity expenses and decided to take his profit. May be he read the old news article: https://coinnounce.com/cryptocurrency-regulations-in-china-the-journey-and-the-current-status/
When Chinese n00b miners read about the incoming ban (it will happen very soon indeed), I imagine how nerveous they get to sell their precious BTC's only to be able to pay the electricity and other expenses. I hope this year we will lose forever those weak hands and be able to recover in the ATH area at least. But even if these imbecile dumps hold us for another year, after the halvening we will shoot to the moon!

Can I ask where you got this info from?

Obviously where we all get our information from, rumors and straight out of our asses.

I get this info from the same source Lambie gave:

https://www.reddit.com/user/kippysmith1231

16 minutes ago
"So far, we have no reason to believe that this means that our uptrend is over. As far as we can tell, this sell off was mostly one whale market selling off 2500 coins, which you can see being transferred and then immediately spent here:

https://snag.gy/nk8rRM.jpg

This triggered a lot of stop losses, and since we were at the top of our uptrend just below resistance, there were plenty of people happy to follow along and short it.

However, we have found support at the bottom of our current upward channel trend."

Edit. For some reason I can't see anymore the post in reddit. May be it was deleted. Yesterday I saw the addresses and the times of transactions. Everything matched perfect. I never use false numberes like n00b trolls here, FYI.

I clicked the link and noticed the comment was gone too and thought the whales had gotten to poor Mr. Kippy and silenced him before they started the next pump. But if you click the first "load more comments" button you see then the original post will show up. Recovery coming soon. Its a bull market ya know 

[1680367196]

1680367196

[1680367196]

1680367196

[bitserve]

Yesterday's dump was because of some miner who transferred 2500 BTC in Bitfinex and sold directly. He was not a trader, because a several hours earlier, he could have sold to an ask wall of 1180BTC at 4230$. This guy clearly went above the electricity expenses and decided to take his profit. May be he read the old news article: https://coinnounce.com/cryptocurrency-regulations-in-china-the-journey-and-the-current-status/
When Chinese n00b miners read about the incoming ban (it will happen very soon indeed), I imagine how nerveous they get to sell their precious BTC's only to be able to pay the electricity and other expenses. I hope this year we will lose forever those weak hands and be able to recover in the ATH area at least. But even if these imbecile dumps hold us for another year, after the halvening we will shoot to the moon!

Can I ask where you got this info from?

Obviously where we all get our information from, rumors and straight out of our asses.

I get this info from the same source Lambie gave:

https://www.reddit.com/user/kippysmith1231

16 minutes ago
"So far, we have no reason to believe that this means that our uptrend is over. As far as we can tell, this sell off was mostly one whale market selling off 2500 coins, which you can see being transferred and then immediately spent here:

https://snag.gy/nk8rRM.jpg

This triggered a lot of stop losses, and since we were at the top of our uptrend just below resistance, there were plenty of people happy to follow along and short it.

However, we have found support at the bottom of our current upward channel trend."

Edit. For some reason I can't see anymore the post in reddit. May be it was deleted. Yesterday I saw the addresses and the times of transactions. Everything matched perfect. I never use false numberes like n00b trolls here, FYI.

I clicked the link and noticed the comment was gone too and thought the whales had gotten to poor Mr. Kippy and silenced him before they started the next pump. But if you click the first "load more comments" button you see then the original post will show up. Recovery coming soon. Its a bull market ya know 

NO, it isn't yet.

[xhomerx10]

LOL, that's a great template.

The other day I witnessed the biggest hat I've ever seen: the MacArthur Marker in Cagayan de Oro, Northern Mindanao. For someone with Serious Hat Envy. Had to take a picture for my dad:




The story goes he hid from the Japanese here before finally taking off, muttering something along the lines of "I'll be back, folks."

 Jeez... I thought I had a problem

[Lambie Slayer]

The artificial dump was fun, the organic rise that is coming next will be glorious.  

This is Bitcoin. This is a our new Bull Market. Embrace the action. Boredom will never be our fate.

[Lambie Slayer]

Yesterday's dump was because of some miner who transferred 2500 BTC in Bitfinex and sold directly. He was not a trader, because a several hours earlier, he could have sold to an ask wall of 1180BTC at 4230$. This guy clearly went above the electricity expenses and decided to take his profit. May be he read the old news article: https://coinnounce.com/cryptocurrency-regulations-in-china-the-journey-and-the-current-status/
When Chinese n00b miners read about the incoming ban (it will happen very soon indeed), I imagine how nerveous they get to sell their precious BTC's only to be able to pay the electricity and other expenses. I hope this year we will lose forever those weak hands and be able to recover in the ATH area at least. But even if these imbecile dumps hold us for another year, after the halvening we will shoot to the moon!

Can I ask where you got this info from?

Obviously where we all get our information from, rumors and straight out of our asses.

I get this info from the same source Lambie gave:

https://www.reddit.com/user/kippysmith1231

16 minutes ago
"So far, we have no reason to believe that this means that our uptrend is over. As far as we can tell, this sell off was mostly one whale market selling off 2500 coins, which you can see being transferred and then immediately spent here:

https://snag.gy/nk8rRM.jpg

This triggered a lot of stop losses, and since we were at the top of our uptrend just below resistance, there were plenty of people happy to follow along and short it.

However, we have found support at the bottom of our current upward channel trend."

Edit. For some reason I can't see anymore the post in reddit. May be it was deleted. Yesterday I saw the addresses and the times of transactions. Everything matched perfect. I never use false numberes like n00b trolls here, FYI.

I clicked the link and noticed the comment was gone too and thought the whales had gotten to poor Mr. Kippy and silenced him before they started the next pump. But if you click the first "load more comments" button you see then the original post will show up. Recovery coming soon. Its a bull market ya know  

NO, it isn't yet.

Yes my friend, we have been in a Bull Market for 72 days and counting and all is well.  

[cgt99]

price is struggling to go above the blue trend line, and a bear flag is forming , another potential drop  incoming, this scenario will be invalid only if price close above the trend line which is less likely.

Up or down who knows.. could be a good thing to test some lower support too.

If in doubts , just follow Craighs Coin, lol    https://bitcoinwisdom.io/markets/bitfinex/bsvusd

[BitcoinGirl.Club]

Get Inspired




https://www.btcwires.com/c-buzz/venezuelan-man-tells-the-world-how-bitcoin-saved-his-family/

"Venezuelan Man Tells the World How Bitcoin Saved his Family"

“I don’t own bolívars, Venezuela’s official currency. I keep all of my money in bitcoin. Keeping it in bolívars would be financial suicide.”

“In times of hyperinflation, everyone is constantly getting poorer, including a lawyer’s clients. My brother had to turn to cryptocurrencies to get paid since he couldn’t use PayPal due to exchange controls here allowing Venezuelan banks to use only local currency.”

“You could say that cryptocurrencies have saved our family.”

“I can’t change too many bitcoins at once, though. The government doesn’t monitor cryptocurrency transactions (yet), but it does monitor transactions in bolívars — and any worth about $50 or more will automatically freeze your account until you can explain to your bank where the funds come from.”

[Last of the V8s]

meanwhile in the 'news' an old man yelled at bitcoin
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

[LFC_Bitcoin]

Get Inspired




https://www.btcwires.com/c-buzz/venezuelan-man-tells-the-world-how-bitcoin-saved-his-family/

"Venezuelan Man Tells the World How Bitcoin Saved his Family"

“I don’t own bolívars, Venezuela’s official currency. I keep all of my money in bitcoin. Keeping it in bolívars would be financial suicide.”

“In times of hyperinflation, everyone is constantly getting poorer, including a lawyer’s clients. My brother had to turn to cryptocurrencies to get paid since he couldn’t use PayPal due to exchange controls here allowing Venezuelan banks to use only local currency.”

“You could say that cryptocurrencies have saved our family.”

“I can’t change too many bitcoins at once, though. The government doesn’t monitor cryptocurrency transactions (yet), but it does monitor transactions in bolívars — and any worth about $50 or more will automatically freeze your account until you can explain to your bank where the funds come from.”

Venezuela is one of the cheapest places in the world (on record) to mine bitcoin because of the really cheap electricity prices. Anybody feel like going to live there for 12-18 months & setting uo a mining farm with me?

meanwhile in the 'news' an old man yelled at bitcoin
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

Ahhhh, that dinosaur who lost $4,000,000,000 the other day.....

[jbreher]

https://twitter.com/LNstats/status/1099389990214295552

https://i.imgur.com/zXIRf0T.png

https://1ml.com/statistics

I'm wondering if someone might explain something to me. Specifically, what is an 'Updated Channel (24h)'? Is this a count of the number of channels that have been updated by an on-chain tx in the last 24 hours?

[mikeywith]

nobody knows for sure, unless they have a crystal ball, i got 2 but non of them is crystal so i will wait for a close above the blue trend line, or price touching the blue horizontal support to go long.

and ya fake satoshi is doing great today, by the way, use tradingview , its dope.

[DeathAngel]

meanwhile in the 'news' an old man yelled at bitcoin
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

You can’t teach an old dawg new tricks

[JSRAW]

price is struggling to go above the blue trend line, and a bear flag is forming , another potential drop  incoming, this scenario will be invalid only if price close above the trend line which is less likely.

Not touching anything!

[Febo]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

Things had changed. Well they did not changed in last few days but in last 2 months. Before that the price mainly went down. Now in the last 2 months and in the upcoming months price will go up and down. This is a huge change.

[cAPSLOCK]

The artificial dump was fun, the organic rise that is coming next will be glorious.  

This is Bitcoin. This is a our new Bull Market. Embrace the action. Boredom will never be our fate.

When the dump happened I wondered if we would see a huge BSV rise soon after... I kind of wish I had posted when I thought it so I'd look extra geniusy.  

But I am wondering if the big seller(s) might not be a BSV insider?

[DeathAngel]

Just yesterday, I was celebrating my birthday and it seems that I was seeing a few people indicating that the signals were there for a turn around. Now today, most have backpedalled. How much longer are we going to have to endure this overwhelming feeling of

MEH ?


 

Things had changed. Well they did not changed in last few days but in last 2 months. Before that the price mainly went down. Now in the last 2 months and in the upcoming months price will go up and down. This is a huge change.

We saw similar in 2015 as we were exiting the Gox induced bear market, we had pumps & everybody was excited but then just as quickly as we’d pumped we had soul crushing dumps.

This is all part of the process as we transition from bear to bull market.

I’m a seasoned HODLER now, we should all just relax. We know which way the market is heading even if it takes a while to get there.

[Last of the V8s]

meanwhile in the 'news' an old man yelled at bitcoin
https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html

You can’t teach an old dawg new tricks

Nah with him it's just his agenda. He needed the State, in fact practically was the State, to build his pile, and he knows Bitcoin will bring all these States down.

Anyway that expression irks me, because yes it's harder to learn as one gets older, but it depends more on open-mindedness and willingness to learn.

[jojo69]

Surely we can see with some degree of accurateness that this postulation bears a degree of accuracy while at the same time and notwithstanding however we can also posit that toxic's chart from a few pages back also exhibits the single whale theory with a surely more level of accuracy, where we witness the same amount of bitcoins being bought up at a low price thereinafter or later if you prefer that formulation being sold or perhaps indeed dumped at a higher or perhaps we could call it better price, notwithstanding the third theorisation that i personally have seen being bandied about these interwebs that it was all due to an ethereum whale buying up on bitmex setting huge walls and i personally suspect that this might have potential for being the most likely reason for the recent dumperunio because the volumes on mex for eth in the past week or perhaps we could more accurately term it 8 days haha show these large buys pumpening up the pricitudes and then dumping yesterday. so while we can say with a certain degree of accuritude that your assertional statement of out of our assitude has a reasonable ring to it we can also state that there are some figures and other datas on the interwebs which back up these rumorifications

A little out of line, it's not Thursday yet.

[jojo69]

How bias?

https://www.weforum.org/agenda/2018/12/24-cognitive-biases-that-are-warping-your-perception-of-reality?

raise you

cognitive bias codex

[Hueristic]

Thanks to micg for the original idea, and a huge thanks to xhomerx for translating that into something amazing:



Avatar-sized

Great job!
But made the hand to big!