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

[philipma1957]

But man, don't abandon WO, we need a bit of degeneracy every now and then.

I set up a $30 daily recurring buy last night on <bitcoin.exchange>.

Gonna see how that plays out over the next year.

Degenerate enough for you? 

i have a weekly @50 at coinbase.

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[gallianooo]

To @JayJuanGee

Maybe you will reconsider (and in a more polite way) what I said last month when I felt not confortable with the weakness of BTC. And was thinking that we will probably visit the 40-45K area... Here we are. And unfortunately maybe more pain before any reversal.

[Farmer Bill]

Last quarter Tesla sold more than $500 million worth of carbon credits.
Tesla will miss out on $240 million in revenue this year after European car giant Stellantis (a merger between Fiat Chrysler and the French-based PSA Group) revealed it would need far fewer credits to meet European Union emissions regulations than it initially thought.
This loss is assuming Tesla can’t find another customer for the carbon credits.

Enter Bitcoin miners, Elon Musk trashes Bitcoin for its energy use, at the same time promoting Dogshitcoin, helping Bitcoin price to fall. Then offers to solve the problem by offering to sell Bitcoin miners the spare carbon credits. With these, Bitcoin miners now producing a green coin, can fill OTC orders to institutional investors who can continue with plans to add Bitcoin to their balance sheets whilst meeting their Environmental, Social, and Corporate Governance (ESG) obligations.
The ESG is the single biggest barrier to entry for institutions.
Elon happy to keep a source of profit, strengthens TSLA stock.
Institutional investors happy to buy new non tainted environmentally clean bitcoin. Probably at a premium to cover miners increased costs.
Price starts rising again, everyone happy, except Proudhon of course!

[Toxic2040]

the noon wall report at 11:51am


4h


D

[OROBTC]

Ugly dumps, lets hope that next week is a lot greener!

I'm from the future. Next week will not be greener. It only gets worse from here.

Let's do a test.  BTC price approx. $46,500 at the time you wrote.

(Ah, $46,075 as I write)

[JayJuanGee]

What if a Bitcoin ETF is being approved within now and six to twelve months? Think the chance of that happening is discounted too much at the moment ($48320). It will happen (one day), and it will be like fiat gushing from a freshly drilled oil well. Better be in bitcoin when that happens, it gets riskier by the day owning fiat!

Oh man that’s so orgasmic!!!!

Anyway also I don’t have any plans of selling my bitcoins that sooner.. EFT or not ... I just want shitcoin’s gutter to overflow now. Keeping in mind never invest more than you ready to loose... now all my savings which were previously in fiat are in Bitcoin. So for next six to 12 months if Bitcoin keeps swinging $50k-$60k I’m ok with it. Like theymos said “BTC has seemed pretty comfy in the $50k-$60k range“

What if it goes down to $30k or even $15k?  Are you prepared for that?  Not saying that it is going to happen, but I really am serious in saying that peeps need to prepare for scenarios in both directions, even extreme and unlikely scenarios.. I am not saying to put a lot of preparation in the more extreme scenarios, but suggesting that the bottom is in or even that BTC prices could not quickly get cut in half seems like a wee bit of betting too much on one side - even if the odds remain that we remain in a bullmarket and also the odds remain that there are limitations of amount and length of time in terms of corrections, ... anyhow... maybe I am repeating myself a bit.. and I am not disagreeing to buying at this point, I just get a bit triggered when peeps are talking about "all" and then even relying on an authority like theymos (nothing against theymos or his recent decent short-term price analysis).

To @JayJuanGee

Maybe you will reconsider (and in a more polite way) what I said last month when I felt not confortable with the weakness of BTC. And was thinking that we will probably visit the 40-45K area... Here we are. And unfortunately maybe more pain before any reversal.

You are trying to say that you were right?

I suppose that might well be good if you played some kind of strategy that ended  up working for you.  I have no problem with my strategy that I have been playing since late 2013 and that has been revised from time to time along the way according to my various further thoughts or accounting for any changes in circumstances that might be relevant along the way.

At this point, I cannot see any reasons for me to reconsider any of my previous comments to the extent that they matter at this point in time or that I might feel that I would change them now?  Are there any specific comments that you would like to redirect me, and maybe I will double down..?   

As far as I am concerned soothsayer wanna bees can fuck off to the extent that they are posturing their lil selfies in such direction, and I hardly even remember any exact context of what we had been discussing.. so did you have more that you wanted to point out to the extent that subsequent events makes it more relevant now than it did during our earlier back and forths.

By the way, if you have never gotten any kind of real sense for my position on a variety of topics related to bitcoin or portfolio management or whatever, I frequently assert that guys need to figure out ways to prepare their lil selfies for price movements in either direction, even extreme price movements.  At this point (with an approaching of a 30% correction from the April 17 $64,895 top), we are still no fucking where close to extreme circumstances.. at least from my current perspective.. and as I type this post, it appears that support in the 30% correction range at $45,501 is currently being tested.. and I even said in a recent post that we could get another 50% or more correction from here (oh.. it's my above post responding to shahzadafzal that is above this one.. so far a BIG whatevers from what I see so far)...

[LFC_Bitcoin]

This is getting ugly, when’s it going to stop 

[Paashaas]

Elon must be on a rampage because i only see on Twitter: tweet not available.

[LFC_Bitcoin]

Elon must be on a rampage because i only see on Twitter: tweet not available.

He’s dedicating his Twitter profile to being anti bitcoin. Every tweet is negative towards bitcoin. He’s trying to singlehandedly destroy us.

[BlackHatCoiner]

Why do you guys fault Elon? We hadn't seen a correction weeks now. It was a matter of time before it dropped with or without a billionaire's tweet.  

[Richy_T]

Is he trying to get fired or something?

[BobLawblaw]

FUCK ELON MUSK!

B R I N G  T H E  P A I N !!!

[virasog]

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment. 

[LFC_Bitcoin]

Why do you guys fault Elon? We hadn't seen a correction weeks now. It was a matter of time before it dropped with or without a billionaire's tweet.  

He’s got over 50,000,000 followers on Twitter. The price was bobbing along fine in the mid 50k’s until he started this crusade of FUD.

Look at his tweets & replies. He’s trying to get every man & his dog to see anti bitcoin FUD. He’s a narcissistic, autistic, little cunt. I wish he’d STFU & tweet about his shit cars & pointless rockets instead.

[jojo69]

[marcus_of_augustus]

Musk got jealous that Satoshi is going to be richer than him?

... losing the pissing contest too much for his ego?

... self-absorbed grifter indeed, gubmint stooge to boot maybe

[BlackHatCoiner]

Look at his tweets & replies. He’s trying to get every man & his dog to see anti bitcoin FUD.

Yes, and he's dumping the price temporary. This is your chance to buy some bitcoins cheaper. It's the way you're looking at it.

[Farmer Bill]

This is getting ugly, when’s it going to stop  

$43k?

If that breaks

38% below ATH so $39k ?

If that breaks then we are in Proudhon territory at $24,472 or 66% below ATH and Proudhon takes the El duderino prize and we all get to bow down to Proudhon.

Fear index at Max = Strong Buy

[JayJuanGee]

Last quarter Tesla sold more than $500 million worth of carbon credits.
Tesla will miss out on $240 million in revenue this year after European car giant Stellantis (a merger between Fiat Chrysler and the French-based PSA Group) revealed it would need far fewer credits to meet European Union emissions regulations than it initially thought.
This loss is assuming Tesla can’t find another customer for the carbon credits.

Enter Bitcoin miners, Elon Musk trashes Bitcoin for its energy use, at the same time promoting Dogshitcoin, helping Bitcoin price to fall. Then offers to solve the problem by offering to sell Bitcoin miners the spare carbon credits. With these, Bitcoin miners now producing a green coin, can fill OTC orders to institutional investors who can continue with plans to add Bitcoin to their balance sheets whilst meeting their Environmental, Social, and Corporate Governance (ESG) obligations.
The ESG is the single biggest barrier to entry for institutions.
Elon happy to keep a source of profit, strengthens TSLA stock.
Institutional investors happy to buy new non tainted environmentally clean bitcoin. Probably at a premium to cover miners increased costs.
Price starts rising again, everyone happy, except Proudhon of course!

I was cheering you on Farmer Bill, until you got to the point that Bitcoin miners are going to have any kind of meaningful incentive to playing  ball with carbon credit bullshit.  Sure there might be some bad faith miners that play that game, but I really doubt the vast majority of miners are going to give two shits or even less than that about bullshit ideas of carbon credit.

yeah, sure many of us realize that if BTC prices are at a premium, BTC miners probably give less than two shits about how much energy they are using, the kind of energy or how much it costs - as long as they are profitable - which seems to me that in recent times, there has been a lot of surplus in the profits of bitcoin miners.

Another thing that many of us recognize is that if (more likely when) profit margins in BTC mining turn more competitive, there are likely more incentives to search out cheaper energy sources, and BTC miners can be (and even have been) quite portable in that respect, which causes them to frequently seek out energy sources that might not otherwise be usable because of their distance from consumption sources or other inefficiencies that exist in regular markets and causing bitcoin mining to be amongst the most energy efficient of use cases, so the energy misinformation spreaders can fuck off with their opposite of true talking points that are attempting to mislead folks into nonsense theories like the one that you outlined above (no homo .. hahahahaha).

Elon must be on a rampage because i only see on Twitter: tweet not available.

He’s dedicating his Twitter profile to being anti bitcoin. Every tweet is negative towards bitcoin. He’s trying to singlehandedly destroy us.

hahahaha

good luck with that.

Of course, he is not alone.. there are plenty of other anti-bitcoin dweebs out there who spout out nonsense or otherwise engage in bitcoin naysaying, nocoiner, shitcoin pumpening and fence sitting behaviors..,. Let's see how it plays out.  The next 6 hours (for those of you who don't know how to zoom out a wee bit (not including you in this, LFC) are critical^tm.

Why do you guys fault Elon? We hadn't seen a correction weeks now. It was a matter of time before it dropped with or without a billionaire's tweet.  

Exactamente!!!

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment.  

That would be interesting, if it were to happen.

I doubt bitcoin gives any shits.. even if there may well be a short-term negative impact on BTC prices and even weak-handed peeps who decide to part their lil selfies from their bitcoin based on such manipulations and FUD... and so anyone who has fewer bitcoin when we return to $64,895 (assuming that we do at some point) based on this kind of crap deserves staying poor.

[HeRetiK]

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment. 

oh no how is bitcoin ever going to survive without him