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

[vapourminer]

When one is in the catbird seat, the difference between the end of the world and 'it doesn't matter' is merely academic.

Well hopefully you are referring to you BTC investment rather than bcash or various varients of bcash, which are both likely to perform less well than bitcoin. 

[...]

some may have pre fork btc sitting around. so by default, it doesnt really matter as one has all versions since anyway.

HODL has many advantages for the lazy.

[1679527066]

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[1679527066]

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[marcus_of_augustus]

P.S. I know this looks like hopium especially to the daily traders, but this increase is only 10x from 14K this year. There were much bigger increases even for one year, not to mention for 3 years. The only question is when 100K, not if!

$40k-$135k is a good range. Don't listen to people screaming about hopium.

$135k-$350k I'd say ... and it's not just some cut crap estate street hopium, it's the best money can buy hopium ... high-grade, black-tar hopium from poppy fields on the top of the world

[El duderino_]

Many Belgian friends....

Texting me what’s happening etc

And did you see the price.....??

Eeeuhm no I didn’t, F*** guys of-course I saw it i’m A BTC’er that’s what I do ....  I always watch the price so no stupid questions .... and we all know UP as DOWNs will happen

[El duderino_]

P.S. I know this looks like hopium especially to the daily traders, but this increase is only 10x from 14K this year. There were much bigger increases even for one year, not to mention for 3 years. The only question is when 100K, not if!

$40k-$135k is a good range. Don't listen to people screaming about hopium.

$135k-$350k I'd say ... and it's not just some cut crap estate street hopium, it's the best money can buy hopium ... high-grade, black-tar hopium from poppy fields on the top of the world

I do join that opinion !!!!

[psycodad]

China bans BTC for the 20.000th time.... 

"Trading and possessing cryptocurrencies is illegal in China as part of broader currency controls, but crypto use is prevalent on the black market."

That's at least one piece of complete and utter bilge from that article so who knows whether any of the rest of it is true?

I do not think this paints a correct image of the situation in China. My current information is that private persons are still allowed to hold and OTC trade cryptos, though exchanges are banned and banks are not allowed to deal with crypto by any means. The wikipedia page sums this up better:

Financial institutions are not allowed to facilitate bitcoin transactions.[13] Regulation prohibits financial firms holding or trading cryptocurrencies.[8]:China On 5 December 2013, People's Bank of China (PBOC) made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions.[69]

On 1 April 2014 PBOC ordered commercial banks and payment companies to close bitcoin trading accounts in two weeks.[70]

Cryptocurrency exchanges or trading platforms were effectively banned by regulation in September 2017 with 173 platforms closed down by July 2018.[71]

In early 2018 the People's Bank of China announced the State Administration of Foreign Exchange led by Pan Gongsheng would crack down on bitcoin mining.[72][73] Many bitcoin mines in China had stopped operating by January 2018.[71]

OTOH not being able to cash out in a safe way probably acts like an outright ban for most small fish.

[Lambie Slayer]

Good solid volume on the volume oscillator (bottom bar).  This is a potential capitulation event to seal off the baby bull and move to adolescent bull.  Would like to see volume higher still though.  You want the volume candle to look like a giant fuck off finger and we aren’t there yet.  

Excellent point, once we hit bottom here (6-7k???), the bull will have entered adolescence. We all know what puberty brings, lots of testosterone which means mega pumps, all time highs, awesome dips along the way, but lots of pamping, pamping, and pamping. Cant wait to get this over with and start a new era in this bull cycle

[VB1001]

About Risk Adjusted Returns
Risk adjusted returns is defined as the ROI / Risk. Where risk is calculated as the changeability (volatility) of ROI. This is officially known as the Sharpe Ratio.

In this chart I`ve used a 4 year HODL period to run the Sharpe Ratio calculation, this seems a sensible choice as it is sufficient time to cover a full bear to bull cycle.

Data Source
Data for macro markets is from the US Federal Reserve. Bitcoin price data is from Blockchain.com

http://charts.woobull.com/bitcoin-risk-adjusted-return/

How to know if you have weak hands:

Buy high
Sell ​​low

Hodlllll

[serveria.com]

Good solid volume on the volume oscillator (bottom bar).  This is a potential capitulation event to seal off the baby bull and move to adolescent bull.  Would like to see volume higher still though.  You want the volume candle to look like a giant fuck off finger and we aren’t there yet.  

Excellent point, once we hit bottom here (6-7k???), the bull will have entered adolescence. We all know what puberty brings, lots of testosterone which means mega pumps, all time highs, awesome dips along the way, but lots of pamping, pamping, and pamping. Cant wait to get this over with and start a new era in this bull cycle

We hit the bottom yesterday at 798x or was it 799x or whatever.... 

[Royse777]

Come on Bitcoin!
If you have to crash then aim for $3k LOL
I am sure a lot of us are looking to use this opportunity to have some more Bitcoin :-D

Guys JUST HODL! We have been through this hundreds plus times if not thousands.

Cheers,

[Lambie Slayer]

+1 merit: underrated post

[mindrust]

This was supposed to jump back immediately to 9+k. Something is wrong.

200DMA was supposed to hodl too.

*its probably still early to tell though. the battle isn't over.

[Lambie Slayer]

^^
NP jbreher will keep pumping/supporting that one

Clearly BSV led that drop. Little ol' BTC merely caught in the wake.

or smth

Whatevs... I have all the time in the world.

One will not say that when he’s under the dirt......

No man got all the time in the world....

via Imgflip Meme Generator

https://www.youtube.com/watch?v=7HykXoTTgdQ

If highlander legend is real and is intertwined with the fate of Bitcoin, than "the gathering" Sean Connery is speaking of may be the 100k party at which we all chop each others heads off until only one Hodler remains.

https://www.youtube.com/watch?v=VEJ8lpCQbyw

[mindrust]

Impressive what this guy has drawn 2 years ago, he exactly knew the current 200 DMA support lvl too.



If we go below purple... well.. it is no good.

[El duderino_]

I noticed there is some blood in the streets.... Good good, today i'm gonna see

Rambo: Last blood

That probably is the same story merging with BTC

[mersal]

I noticed there is some blood in the streets.... Good good, today i'm gonna see

Rambo: Last blood

That probably is the same story merging with BTC

Probably this is the lest chance for the bitcoin haters to realize and purchase some for their own,or they have to buy at really very high prices soon.

Supposed to be 6 digits.

[serveria.com]

I noticed there is some blood in the streets.... Good good, today i'm gonna see

Rambo: Last blood

That probably is the same story merging with BTC

Probably this is the lest chance for the bitcoin haters to realize and purchase some for their own,or they have to buy at really very high prices soon.

Supposed to be 6 digits.

Sadly they don't realize it. They're waiting for $1800 

[mindrust]

You gotta check this out too.

Many of you already saw this but, see it again.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/

[Yaplatu]

Estimated cost of BTC production at various difficulty/electricity price levels :


Source : @IterativeCap
 
After halving = To the moon 

[criptix]

Come on Bitcoin!
If you have to crash then aim for $3k LOL
I am sure a lot of us are looking to use this opportunity to have some more Bitcoin :-D

Guys JUST HODL! We have been through this hundreds plus times if not thousands.

Cheers,

The thing is if we crash to 3k majority of you guys will NOT buy and scream for 1k.

200 daily ema is broken, 200 daily sma is still trying to hold.

We have the .618 fib from the 3-13,9k move and a cme gap around 7.2k.

Im definitely looking at this now because bounce was quite weak and already lost momentum.

[Lambie Slayer]

"Our family consists of actresses, priests and mentally ill", says Greta Thunbergs mom.

Ya dont say....

via Imgflip Meme Generator