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

[AlcoHoDL]

When bitcoin hits next ATH , the Tesla Model 3 is my next car.
The whoopee cushion icon for the fart machine sold me, baby.
Yes folks, you can actually select the seat you want the cheek sneak “braaaahk!” to emanate from.
Standard on the new Tesla Model 3 Performance.
I’m not making this up. Here’s the “quirks and features” dude’s review....
https://youtu.be/YvsnIL0AIAk

I'm also into Teslas (never owned one, but would like to, one day...).

But...

If you leave a young child in that car playing Asteroids for a couple of hours, you're going to need new front tyres... BAD design. Either they should not let the wheels move with the steering wheel (very difficult to do as it's probably mechanically coupled), or they should not allow the game to be controlled by the steering wheel in the first place. It's exciting, but not good for the tyres, especially when parked on a rough surface such as a normal roadside.

Wanted to send the video to a friend who's into cars, but didn't after watching it...

Still would like to own one though. Not too excited about the racing/performance elements, but I absolutely adore the tech behind its design.

[1714902694]

1714902694

[JayJuanGee]

What the fuck’s going on?
Obviously I’m buying every week still but I’d rather be at a stage where I deem it to expensive to buy & my HODL stash is a true monstrosity in dollar terms.

Why are we going down now? The halving is only 6 months away.

Early in the year we were expecting nowhere near the price we still currently are. In fact we are even higher than what most predicted for Q1 2020. So there's that.

This price is surely unpleasant, but nothing out of most probable scenario.  We could be at $6K in Q1 and still be on schedule for a proper post-halving bull run.

Exactamente!!!!!

The 2016 halvening had not exactly brought us great prices, exactly, until nearly six months after the halvening.  Member?

Our 2014/15 lows were largely balancing in the $250 range, and that was going on for nearly a year, and we were still stuck well below $500 for a vast majority of the time prior to the halvening.  We could not even get above $500, until just a month before the halvening when we got a boost above $500 (member?), but still BTC price did not really go anywhere for a very decent amount of time after the halvening, and surely we can blame the August 2016 alleged bitfinex hack, that kept us in the $600 range for several months, but even if there was not news of a bitfinex hack, there may have been some other phenomena keeping BTC prices from going up for as long and as low as the diptwat bears were able to manage.

Remember February/March 2017, there was a BTC price correction down to $890-ish, and so many fucktwats, including Vinny Lingham and others were trying to play their purported credibility to assert that we had to (inevitability again) go below $500 because that is what BIG money wanted and that was how BIG money was playing it.. blah blah blah.

Complain about BTC prices now if you must, but I agree with bitserve that we are largely ahead of schedule (especially comparing the 4-year fractals), and in that respect, it just seems like a BIG ASS waste of time to complain about down and manipulation attempts, etc etc, because some of these downward BTC price attempts are going to be tried and tried and tried and tried, and even end up happening to keep BTC prices as low as possible for as long as possible and sure all of the ammunition is going to be thrown at attempting to keep BTC prices down, which inevitably contributes to the real world facts that the upward explosion ends up happening so long after the new BTC supply had already been halved for a decently long period of time, and the whole situation gets to the point that down manipulators are no longer able to have success to manipulate BTC prices in the downward direction, so if there is going to be any manipulation then the ONLY choice that is remaining in order for such manipulators to be successful to play the UP card.... hahahahahaha...   

And, yeah, they cannot help it and yeah, the UP ends up becoming way the fuck more explosive than it should be because the BTC price had been held (and "manipulated") down for way longer than was healthy... and explosion ends up going up.

And, manipulators going to manipulate, so if they cannot do it down, then they are going to jump onto the UP train.  They have no choice, if they want to make money (or at least not lose money), which is likely way more important to them in the long run.

[bkbirge]

Through rain or shine, just keep on stackin' sats. I may not reap the benefit but my kids and theirs will, someone's gotta build the future and it might as well be us.

[JayJuanGee]

Going........................................
$8,058

It's beem 146 days since we were close to $14k and we are now $6.5k+ down.

WTF?  I have not seen anything close to $6.5k, yet, except for a bunch of dumbass naysayers asserting that such BTC prices are inevitable... which most of us, here, should realize that inevitability is not really in BTC vocabulary, unless you are referring to a kind of likely ongoing adoption that inevitably results in upwards BTC price pressures, due to scarcity.. blah blah blah.

[AlcoHoDL]

Still a long way to go...

I love to read JJG's posts, so the algorithm worked fine in my case!

[BitcoinGirl.Club]

Going........................................
$8,058

It's beem 146 days since we were close to $14k and we are now $6.5k+ down.

WTF?  I have not seen anything close to $6.5k, yet, except for a bunch of dumbass naysayers asserting that such BTC prices are inevitable... which most of us, here, should realize that inevitability is not really in BTC vocabulary, unless you are referring to a kind of likely ongoing adoption that inevitably results in upwards BTC price pressures, due to scarcity.. blah blah blah.

Well here is the other side,



It was 193 days that took us to have a gain of $10.8k+ and seems like everyone forgot that!

It's a cycle and it's going to repeat but the good think is that the cycle is moving upwards.

[JayJuanGee]

Still a long way to go...

I love to read JJG's posts, so the algorithm worked fine in my case!

hahahahahaha

All of the reluctant love I am feeling because of the webtricks algorithm...



By the way, I am the girl in this meme.... 

[JayJuanGee]

Going........................................
$8,058

It's beem 146 days since we were close to $14k and we are now $6.5k+ down.

WTF?  I have not seen anything close to $6.5k, yet, except for a bunch of dumbass naysayers asserting that such BTC prices are inevitable... which most of us, here, should realize that inevitability is not really in BTC vocabulary, unless you are referring to a kind of likely ongoing adoption that inevitably results in upwards BTC price pressures, due to scarcity.. blah blah blah.

Well here is the other side,



It was 193 days that took us to have a gain of $10.8k+ and seems like everyone forgot that!

It's a cycle and it's going to repeat but the good think is that the cycle is moving upwards.

My main issues with your posts remains your references to a kind of "inevitability" when we are talking about the future.  Yeah, of course there are cycles, and we can see the cycles, and the only inevitability about cycles is after they have already happened.  If we are talking about the future, then we may or may not get a cycle that happens in the direction or the amount that you expect; however, after such cycle happens, then looking back on it historically, then it all makes sense.

What are you talking about 193 days to $10.8k?  I remember less than 90 days from $4,200 to $13,800... that seems to be a whole hell of a lot more important than some interim numbers of the back and forths.  I also remember $7,300 to $10,300 in 12 hours.

In other words, any supposed 193 days to $10.8k to the extent that it is important at all seems to be just one historical factor, and maybe that is why everyone forgot it... because it is not very important in the whole scheme of things unless you are trying to paint some kind of nonsensical and selective dynamics in order to spread misinformation about ongoing actual / real dynamics and BTC price pressures.

[Globb0]

Saturday food’Booz
But what for Sunday let see....
Probably Haarlem!

Fishy behaviour  

xxxx
Gooed

2 WO Members here   /\

[Globb0]

Two hour of driving.
Finally meeting a bro!
At Haarlem city.

Clear sun at autumn...
A holy man will be cheered!
When he’s arriving.

Boat at the canal!
It might be Santa? Globb0?
Nah it’s Sinterklaas ....

Two hours back to home.
Finally, my lazy chair.
And now HODLsleep

A gentleman with such dedication as to drive a few hours to meet me is humbling.

It was a huge pleasure.

Haarlem is still beautiful. And sunny the day you came. 

[cAPSLOCK]

Easy peasy lemon squeezy

What happens when if it goes below that bottom line? 

Feary teary lemon dreary?

[BitcoinGirl.Club]

Easy peasy lemon squeezy

What happens when if it goes below that bottom line?

Feary teary lemon dreary?

Institutional buyers will come and fill the bag 🤪

[El duderino_]

Saturday food’Booz
But what for Sunday let see....
Probably Haarlem!

Fishy behaviour  

xxxx
Gooed

2 WO Members here   /\

But only 1 Globb0

Btw hope you had a safe and good travel back .....

Ok to the next one ....

*actually I do remember one thing our dear JJG told me one time .... complaining a bit towards me and said like, Mic don’t act like any are RL friends of you, they are only “online persona’s” , damn he should know how strong this BTC-community truly is, he would be amazed 

I have gets to known some awesome people here that have became friends IRL.

[cAPSLOCK]

I’m skeptical of that because you only have one touch on your long-term support for the two years prior to 2019. Thus until the bottom formed in late 2018, there was no support line. I had also considered that along with @masterluc’s longstanding expectation for $6.?k by early December 2019.

Support lines drift over time from their original anchor points.   Its like the tides man.  Tides go in, tides go out.  You can't explain that. 

Finally we are talking about the moon again.  If we can get a train, and a Spartan we might just pull through this mess...  Also a banjo?

[El duderino_]

But then again.... people have met me, but who of my team did they met with @JJG?? 

[VB1001]

Hey Homer, will you be making a hat for the art entry?  

^ + 1000!

Yeah, homer caps have been probably the single most important artistic action in BTCT ever! It has even transpired off WO frontiers to many other members not regular here.

Homer should make an entry for sure!

I wanted to make an art design with the hat gallery, but...
WO hats are part of Bitcointalk, if the hat gallery can help you, it's at your disposal.
Go ahead xhomerx10 will surprise us.

 Thank you guys, I appreciate the praise and the encouragement.  I've been rather busy lately though and I'm not sure I'll have the time to make something hat-related before the contest deadline.  I'm waiting for some inspiration from the muses but lately, I've only been visited by Melpomene. 

I've made a presentation with all the hats, I know it's not a spectacular design , but all the hats are there.
We had to be all the WO,s present in the "10th anniversary art contest".

https://bitcointalk.org/index.php?topic=5193860.msg53122427#msg53122427

[El duderino_]

@VB1001 Nice .... Will merit later, though VOD is a never used he’s HAT guy, though he liked the design

[ivomm]

Possible choppy waters ahead. Trade with caution.


https://twitter.com/whalecalls

I have to admit first, that I am not a trader and I don't understand everything completely. Here are my questions and thoughts related to your frequent posts of bitmex liquidations. What is the relation between bitmex and the price of Bitcoin? In particular, why do you think that a liquidation of a long position precedes a dump in the price (which is implied by your post)? As far as I know, Bitmex is a derivate exchange and some contracts are cash settled, others physically, but I have no clue what portion is each. On the other hand, if there is an option for short/long positions involving real bitcoins that have to be sold/bought to cover/close the positions on the major exchanges like bitfinex and binance (I think they have their own short/long game looking at https://blockchainwhispers.com/bitmex-position-calculator/#), this may affect the price. But I don't see why the traders on the major exchanges will be influenced by what is going on on CME, bakkt, bitmex, etc. These futures and leverage tradings are like roulette - the player vs the house. Unless some manipulator dumps first on bitstamp, coinbase and kraken (which form the price index of Bitmex), I don't see any other connection with the price. And in that case, first is the pump or dump, then the closing of long/short positions, not the reverse. Or I miss something?

[VB1001]

@VB1001 Nice .... Will merit later, though VOD is a never used he’s HAT guy, though he liked the design

I know, but they are all made by xhomerx10

Modified spelling size error, now it is correct.

https://bitcointalk.org/index.php?topic=5193860.msg53122427#msg53122427

[JayJuanGee]

Saturday food’Booz
But what for Sunday let see....
Probably Haarlem!

Fishy behaviour  

xxxx
Gooed

2 WO Members here   /\

But only 1 Globb0

Btw hope you had a safe and good travel back .....

Ok to the next one ....

*actually I do remember one thing our dear JJG told me one time .... complaining a bit towards me and said like, Mic don’t act like any are RL friends of you, they are only “online persona’s” , damn he should know how strong this BTC-community truly is, he would be amazed  

I have gets to known some awesome people here that have became friends IRL.

If you choose to mix your on-line and your personal life then that is a choice that you make, and surely you have discretion regarding how you want to do it.

Still there are opsec issues, and there are a decently large number of folks who prefer not to roll like that... and maybe sooner or later, these real life encounters are going to cause a decently large number of the encounters to become public faces in the bitcoin space, whether initially wanted to be the case or not.  

If you are willing to take chances that you might become a publicly known person in the space, then of course, you can do that and many people prefer NOT to have such a life, even though there are a lot of publicly known people in the bitcoin space, and they likely have decent lives and they may or may not have intended to go down such a road... Actually, there are people who started out having an online persona that later became public, and whether they are happy about it or not, frequently it will be harder to undo something like that than to do it.  

So all good and fun if several of you want to juggle with these chainsaws, and it is all fun and games until someone's eye gets poked out.

So, even though you have a preference to potentially go public or potentially screw up your opsec, stop trying to suggest that everyone should be making the same kinds of opsec decisions, because that is pure irresponsible to be suggesting such norms, when the world does not work like that, especially in a space in which there could be decently high risks to screwing up OPsec in unwitting ways and NOT properly personally assessing some of the negative consequences of either purposefully or accidentally creating Opsec holes.

But then again.... people have met me, but who of my team did they met with @JJG??  

Does it matter?  Are you attempting to suggest that there is more validity to coming out as either a public person or a quasi-public person?  Are you trying to suggest that members or lesser if they choose to attempt to exercise meaningful Opsec?  

Get real, and again, it is a bit irritating if you are trying to suggest that your chosen level of Opsec (or lacking thereof, or choices to share your relative lack of opsec) is preferable, merely because you believe that you are getting value from it and other peeps that you met in real life that happen to be WO members are also perceiving themselves to getting value from these kinds of mixing the meat space engagement decisions.