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

[AlcoHoDL]

[DaRude]

Good morning Bitcoinland.

Bouncy bouncy. After briefly touching 5 digits we're back in the mid-$9xxx range again... currently $9635USD/$13006CAD (Bitcoinaverage).

Did someone mention boring?

Man-Bear-Whales

Ahhh. The memories.



An historic event in Bitcoin's history, the slaying of Man-Bear-Whale Oct 6, 2014:

https://vimeo.com/273629899

I got lucky and watched it as it happened.

Spartan support at $300.

I've read about this epic moment in Bitcoin history, but for the first time I saw that video. Impressive! I have no doubts that all the bears will be slayed like this.  And if the bear feels bad now at 9K, imagine how bad it will feel at 100K.

That truly was epic.
He placed his 30,000 at 300 which equates to $9,000,000 the Bart move the other day on the dump was around $60,000,000. The stakes are higher now although back then BTC didn't have as many followers so impressive nonetheless.
Is that where the Sparts meme comes from?

Man-Bear-Whale later realized that he fucked up and re bought some corn back, or at least he signed a message saying so. So wouldn't worry for him

[JayJuanGee]

Good morning Bitcoinland.

Bouncy bouncy. After briefly touching 5 digits we're back in the mid-$9xxx range again... currently $9635USD/$13006CAD (Bitcoinaverage).

Did someone mention boring?

Man-Bear-Whales

Ahhh. The memories.



An historic event in Bitcoin's history, the slaying of Man-Bear-Whale Oct 6, 2014:

https://vimeo.com/273629899

I got lucky and watched it as it happened.

Spartan support at $300.

I recall watching it, too, and I recall buying into it, too..... I looked through my records, and I could not see how much I bought, exactly, but my memory of the event was that I had wanted to be part of the buying because it felt like a pretty BIG deal, even while it was happening, but I did not have a lot of spare money at that particular time, and there was some uncertainty about how the whole wall of coins would resolve.  

I am pretty sure that I bought into the wall, and I bought less than 1 bitcoin during the time because I had already been buying BTC several times around that time because the BTC price continued to be on a downwards trajectory, and I even recall that there was some kind of Fed Marshals auction or something that preceded the bearwhale event, and a lot of those fed marshall coins were sold while the BTC price was around $385... and I had been fairly confident that the bottom was then in.. so I had exhausted a lot of my spare fiat in the upper $300s.. prior to the bearwhale event... live and learn.. I am not sure.. but when the BTC price is going down for so long, it continues to be quite difficult to NOT exhaust your fiat at various points above the bottom out of hope that the bottom is in (when it ends up NOT being the case).

And, sure the man bear whale was a kind of symbolic event in which the conquering was surely ONLY short-lived (the price went up only briefly and then went down below $300 soon thereafter - within about three months) because the BTC price did linger well below the $300 sales price for over a year after such event.  So maybe the man-bear-whale was conquered and allowed the BTC price to stay above $300 for a few months but the downward pressure continued through the following months and the whole buying support of the community seemed to have exhausted for a year thereafter without enough dry powder to keep BTC prices above $300.. not until one year later...

Call me party poop, if you must (again).  

[cAPSLOCK]

Yuck, yuck... yuck.

[JayJuanGee]

These exchange hacks really suck not only for the people who lost their coins but also for the price. Whoever drives the price down, might be some hackers with stolen coins.

Always looking for simple and dumb explanations.


Have you ever heard about normal bitcoin price movements?

The BTC price has largely come up from the mid march correction of $3,850 with only one or two mediocre corrections, and many of us who have been following BTC for a while realize that we should not take for granted that BTC's price is just going to go up, without some profit taking from time to time (which also allows for the shaking out of some weak hands).

In other words, even though BTC's price does go shooting up 2x or 3.5x in short periods of time, it is quite unrealistic to presume that such upward shooting BTC price moves are going to continue to take place without at least a certain amount of correction, profit-taking. weak-hand shakening, etc..  here and there... along the way.

So take a look at the stock market today... We might be moving with it again.

BTC is tracking with Stonks and oil, while gold holds.

Go buy gold then.  Good luck with that.  See ya...

[qwizzie]

Interesting...

[V8s Road Warrior]

Last one left tidy the chairs and switch off the lights 

[bitcoinPsycho]

Looks like the bear market isn't quite over yet...

What bear market? I just dont see it

[_javi_]

Just big sales.. not a trend (yet)

[qwizzie]

There goes $9,200 & $9,100

[Toxic2040]

Fuck it. I'm still angry.

See y'all at $7k USD/BTC, where I will be sure to stack more sats.

You better get back on that plate training right now mister...none of this crap.


And for the rest of you snowflakes...this is it..this is where generational wealth is earned.


Now man the fuck up and buy the dips.   That is all.



#stronghands

[rdbase]

Here weeeee gooooo..

Fuck, tone vays was right.

[BTCaesar]

There goes $9,200 & $9,100

or we will see this scale within one year again...

[JayJuanGee]

Yeah... and you would be exactly wrong in your memory, too..  

Code:

sh-3.2# wc wordyman.txt 
      14     461    2564 wordyman.txt

Would you please, SHUT THE FUCK UP already.

oooohhhhhhhh  gaaaaaaaawwwwwddddd   baaaaaaaaaaaaaaaawwwwwwwwbbbbbbb!!!!!!

You forgot to disclaim with "#nohomo".....causing me to look about pondering the day .

 



#nohomo  

 

[vapourminer]

Last one left tidy the chairs and switch off the lights 

we all too drunk. you do

[serveria.com]

Looks like the bear market isn't quite over yet...

Yeah I guess you're right: up from 3k to 10k is a BEAR market no doubt... right, dipshit? 

[JayJuanGee]

Looks like the bear market isn't quite over yet...

A correction is not called a bear market...

Helrow?

Looks like the bear market isn't quite over yet...

What bear market? I just dont see it

What bitcoinPsycho said.....

Just big sales.. not a trend (yet)

What _javi_ said.....

Fuck it. I'm still angry.

See y'all at $7k USD/BTC, where I will be sure to stack more sats.

You better get back on that plate training right now mister...none of this crap.

And for the rest of you snowflakes...this is it..this is where generational wealth is earned.

Now man the fuck up and buy the dips.   That is all.


#stronghands

What ToxicMoxic said....

Looks like the bear market isn't quite over yet...

Yeah I guess you're right: up from 3k to 10k is a BEAR market no doubt... right, dipshit?  

What serveria said.....

[VB1001]

All markets are tinted red.
Governments continue to increase their debt.
No need to worry, it's another attempt to prevent Bitcoin from decoupling.

[vroom]

[rdbase]

Yeah... and you would be exactly wrong in your memory, too..  

Code:

sh-3.2# wc wordyman.txt 
      14     461    2564 wordyman.txt

Would you please, SHUT THE FUCK UP already.

oooohhhhhhhh  gaaaaaaaawwwwwddddd   baaaaaaaaaaaaaaaawwwwwwwwbbbbbbb!!!!!!
You forgot to disclaim with "#nohomo".....causing me to look about pondering the day .
 

#nohomo  

Just to break the tension


Meanwhile in other news,
Generation Z is upon us. Lock up your coins.
https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion/#59e5386c4cc0