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

[El duderino_]

Also the fibonachi resistance held 5 times then it broke but has dropped below again by 200 dollars.    At the  moment looks like it's just tempting people to go long before the bloodbath.  Finex is 60% long, that's a lot of leveraged longs and the oderbooks are thin on the ground.  Personally i don't think it wlll go much higher than 8040 on stamp for next few days maybe weeks.   Im not buying now until there is a firm bottom tested  

Thats the same thinking on the other side and tempting for people to sell/short and Maybe get rekt

Trading this market is taking big risks with a solid long term investment that only need HODL and buu when possible .....

Whatevaaa happens one would not like to end up with a 50% loss of stack

[jonoiv]

Also the fibonachi resistance held 5 times then it broke but has dropped below again by 200 dollars.    At the  moment looks like it's just tempting people to go long before the bloodbath.  Finex is 60% long, that's a lot of leveraged longs and the oderbooks are thin on the ground.  Personally i don't think it wlll go much higher than 8040 on stamp for next few days maybe weeks.   Im not buying now until there is a firm bottom tested  

Thats the same thinking on the other side and tempting for people to sell/short and Maybe get rekt

Trading this market is taking big risks with a solid long term investment that only need HODL and buu when possible .....

Whatevaaa happens one would not like to end up with a 50% loss of stack

I've had my fair share of losses, and overall if I held from 2012  i would be very happy right now, so respect to the hodlers! So far anyone pre 2017 will have have had times they were in a very decent profit,  I honestly hope the 2018 hodlers are in that possition in 2020 - 2022..  But im just not fully sold on crytpo yet even after 7 years of being involved so for me I try to trade to minimise my risk.    The higher the price goes the more sceptical I am... 100k BTC might happen 500k too, but i'll believe it when I see it.  But basically I can't handle the swings in price so hodling for me is difficult.

[StartupAnalyst]

I get unimaginable aesthetic pleasure from this picture.
No offense, bears, but I managed to average the purchase price of my BTC in time  and am already in the blessed peace of mind.

[Last of the V8s]

Yeah no quite right, mic. I'm only tarding around with ~1% 2% 0.5%  

[fabiorem]

Thats the same thinking on the other side and tempting for people to sell/short and Maybe get rekt

Trading this market is taking big risks with a solid long term investment that only need HODL and buu when possible .....

Whatevaaa happens one would not like to end up with a 50% loss of stack

Cost-average is the best solution for that. If you buy small quantities periodically, the loss on correction is covered by previous acquisitions.

[g-uid]

what if adoption is releasing a LOT of this selling pressure?

Did you not read what I said?  If price was to skyrocket (and actually stay there and not instantly implode) it also requires mining to skyrocket as well.  If people are currently mining for $2k, $3k, $4k and the price 'only' went to $50k, you'd basically need mining to go up by an entire order of magnitude and it would use more power than the entire US.  Do you think such a thing is actually going to happen?  You would need LOTS more halvings before bitcoin could go anywhere near numbers you people claim without instantly causing some type of global energy crisis.

I'm trying to understand precisely why you are making the assertion that if the price skyrockets then mining skyrockets too.

With reference to https://www.blockchain.com/en/charts/difficulty?timespan=all

We've had price explosions in the past but only 2017 resulted in the mining explosion that you are referring to. Can you explain your reasoning for why mining must skyrocket? Obviously, if price explodes then it makes more sense for miners to get involved (increased profit) but it also means increased competition, so an exponential price gain does not necessarily point to exponential profit for the miners ergo no exponential rise in the difficulty.

[BitcoinGirl.Club]

Yes, but this halvening-centric model is very conservative.

We need to consider the institutional money, and the acceleration it would bring. Jbreher posted about a $133k target in march 2020, I cant find his post right now.

I know there will be a bull run in the halving time but $133k (!?)
Man! I will become a millionaire LOL 😇

[BitcoinGirl.Club]

When are we hitting $10k?

Hopefully end of May/early June.

Me too expecting the same.
We need a steady growth 🙂

[hodl_2015]

Just a short break before we start climbing again

WTF this picture cant be real.

If real, he got some help getting that bed there. But do try "cliff camping" in google images.

[Hueristic]

I find it amusing and telling that BTC was not linked in this anywhere that I can find.

https://www.pcmag.com/news/368405/europol-announces-dismantling-of-global-cybercrime-network

the aim was to collect online banking login credentials so as to access those accounts and siphon out the money they contained. Those funds would then be laundered using both US and foreign banks controlled by the network's members.

[zhekinsp]

When are we hitting $10k?

Hopefully end of May/early June.

Me too expecting the same.
We need a steady growth 🙂

Anyone thing it is possible to hit $10K by end of this month?

[Phil_S]

Nothing is wrong with sideways 8000 for a while, don't be too greedy.

[jojo69]

that said, anything is possible

[Last of the V8s]

let's do both then

[Yaplatu]

 

[cryptjh]

The bitcoin chart starting to look like the 2015 chart

$BTC - 3D chart Super Guppy
Amazing similarity between the last bear market prior to uptrend
Bitcoin had a similar parabolic push out of accumulation, followed by a pullback and uptrend

https://twitter.com/Josh_Rager/status/1127542528083992576

[Paashaas]

https://twitter.com/APompliano/status/1129088622370742272

[angel55]

sorry Mr. Bear your time is over.

[serveria.com]

sorry Mr. Bear your time is over.

Hulk_tossing_a_bear_GIF_goes_here.gif   

[BitcoinGirl.Club]

It said address own 1BTC not the person.

A person can have 100s of BTC in his HD wallet where it's not necessary that any address has to have 1BTC or more. He may have address with 0.99999999BTC in there.