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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25440707 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13+ users deleted.)
Paashaas
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May 07, 2021, 07:30:38 AM

Last bear market the price tanked from $20k down to $3k, that was brutal.

That $17k drop will drawf what we will see next bear market.

Prepair yourself mentally for a $100k-$200k bleed.

I don't day trade but going to trade this one and it will be glorious.

This is going to be fun, trying to sell high as possible which is only a ''luxury problem''.

Down 100k from $500K will not really sting  Grin

Ack! You said $500K! Ack!

(i just got a little BTC woody from that) Smiley

Brad


From ~$300k to ~$80k.
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somac.
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May 07, 2021, 07:52:22 AM
Last edit: May 07, 2021, 08:14:26 AM by somac.

Unconfirmed transactions under 20k just now. A fair decrease compared to 1-2 weeks back.

https://mempool.space/

0.31c to get in next block

Edit: blink and you missed it though.

Actually, unconfirmed transactions are at their lowest since 8th January. Don't know if this is good or bad.
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May 07, 2021, 08:14:52 AM

Unconfirmed transactions under 20k just now. A fair decrease compared to 1-2 weeks back.

https://mempool.space/

0.31c to get in next block

Edit: blink and you missed it though.

Actually, unconfirmed transactions are at their lowest since 8th January. Don't know if this is good or bad.

In general, the fee sizes are disgusting really.
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May 07, 2021, 09:00:41 AM
Merited by Paashaas (1)

Really? Snow in The Netherlands in May? Shocked

Looking at the weatherforcast it shows on Sunday that the temprature pumping to 24°C (75°F). Undecided


Same here, a couple 100's km closer to the equator, rain in the valleys, snow on the mountains (above 1200m), followed by 25° on Sunday.
I'm used to this in April, but May?  Huh
Arriemoller
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May 07, 2021, 09:41:34 AM

You bragging eh?
We will only get 17° on Sunday, and 5° at night.
And it's still raining by the way.
Yeah, we have April weather in May, I was hoping global warming would make it go the other way.
fillippone
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May 07, 2021, 09:47:25 AM
Merited by JayJuanGee (1)

Bullishh Twitter pleb:


https://twitter.com/fillippone1/status/1390602772169568256?s=20



Even if this number is down compared to the last quarters, the Dollar value is exploding. Even considering Grayscale has been closed for a good part of this quarter.
All my mumblings here

This is original content of mine..probably wrong...let me know what you think
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May 07, 2021, 10:14:04 AM

You bragging eh?
We will only get 17° on Sunday, and 5° at night.
And it's still raining by the way.
Yeah, we have April weather in May, I was hoping global warming would make it go the other way.

Nope.
We only got the downsides from GW, local thunderstorms, stronger winds and dryness.
BUT science says we are after the end of a warming cycle of the sun and global warming will likely be slowing down at least over the next 5 years.
Means more evenly distributed rain, but less windy? hmmm - not that much better anyway...

BTC recovering, time for $58k - $60k again...
#NFA
LFC_Bitcoin
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May 07, 2021, 10:34:57 AM
Merited by JayJuanGee (1)

@BTC_Archive
Citibank has seen a “very rapid” growth of interest in #Bitcoin  across all clients, including large asset managers.
- Financial Times, London
https://twitter.com/btc_archive/status/1390602026128711680?s=21



@crypto_rand
https://twitter.com/crypto_rand/status/1390599911826235394?s=21




@Saint_BTC
What took my Dad 20 years to accumulate in the Stock Market, will end up taking me 4.5 years in #Bitcoin 

Wild...
https://twitter.com/saint_btc/status/1390568893660372992?s=21



@cryptoquant_com
11,105 $BTC flowed out from Coinbase in an hour.

Chart 👉
https://cryptoquant.com/overview/full/413?window=hour
https://twitter.com/cryptoquant_com/status/1390598614888509440?s=21


@adrenaline_coin
When btc flows into exchanges it's bearish. The outflows recently have been massive on chain. The next leg up usually lags behind a bit. But it comes soon after all the outflows. Supply and demand #BTC  #Bitcoin 
https://twitter.com/adrenaline_coin/status/1390602420430979073?s=21



@crypto_analytics

#Bitcoin  June Futures contract bullish ascending triangle. Support for now on 20 DMA, break upper horizontal boundary & .618 Fib, we may see all-time highs again. #Crypto #Fibonacci

https://twitter.com/cryptoanalytis/status/1390608726508380161?s=21






heslo
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May 07, 2021, 10:41:48 AM

@BTC_Archive
Citibank has seen a “very rapid” growth of interest in #Bitcoin  across all clients, including large asset managers.
- Financial Times, London
https://twitter.com/btc_archive/status/1390602026128711680?s=21



@crypto_rand
https://twitter.com/crypto_rand/status/1390599911826235394?s=21




@Saint_BTC
What took my Dad 20 years to accumulate in the Stock Market, will end up taking me 4.5 years in #Bitcoin 

Wild...
https://twitter.com/saint_btc/status/1390568893660372992?s=21



@cryptoquant_com
11,105 $BTC flowed out from Coinbase in an hour.

Chart 👉
https://cryptoquant.com/overview/full/413?window=hour
https://twitter.com/cryptoquant_com/status/1390598614888509440?s=21


@adrenaline_coin
When btc flows into exchanges it's bearish. The outflows recently have been massive on chain. The next leg up usually lags behind a bit. But it comes soon after all the outflows. Supply and demand #BTC  #Bitcoin 
https://twitter.com/adrenaline_coin/status/1390602420430979073?s=21



@crypto_analytics

#Bitcoin  June Futures contract bullish ascending triangle. Support for now on 20 DMA, break upper horizontal boundary & .618 Fib, we may see all-time highs again. #Crypto #Fibonacci

https://twitter.com/cryptoanalytis/status/1390608726508380161?s=21








Inject the hopium right into my veins!
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May 07, 2021, 10:52:01 AM
Merited by OutOfMemory (1)

You bragging eh?
We will only get 17° on Sunday, and 5° at night.
And it's still raining by the way.
Yeah, we have April weather in May, I was hoping global warming would make it go the other way.

Nope.
We only got the downsides from GW, local thunderstorms, stronger winds and dryness.
BUT science says we are after the end of a warming cycle of the sun and global warming will likely be slowing down at least over the next 5 years.
Means more evenly distributed rain, but less windy? hmmm - not that much better anyway...

BTC recovering, time for $58k - $60k again...
#NFA


Yeah, that was pretty much predicted at least twenty years ago. The term 'global warming' was largely replaced by "climate change"* exactly because the predicted effects were that weather extremities would become more commonplace. Not everywhere will experience warmer temperatures.

So over twenty years ago, northern Europe was predicted to experience hotter drier summers, milder wetter winters and more frequent storms, for example. Which is exactly what's happening. We just had one of the driest and coldest Aprils on record, followed by the wettest first week of May on record.

[*please, let's not have another tiresome debate about whether climate change exists and/or why - that one's been done to death]

Just wondering, when btc finally breaks $70k and onwards, whether it will carry the alts with it? Or will it get the cane out of the cupboard and give them a damned good thrashing?
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May 07, 2021, 10:59:10 AM
Merited by El duderino_ (2)



@s2fmultiple
Stock-to-Flow Multiple (463d)
2021-05-06, 23:59 UTC

ln(actual / model)

Actual price: $56,527.35
Model price: $55,512.06
S2F multiple: 0.02





https://twitter.com/s2fmultiple/status/1390528132919201792?s=21
heslo
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May 07, 2021, 11:00:09 AM

You bragging eh?
We will only get 17° on Sunday, and 5° at night.
And it's still raining by the way.
Yeah, we have April weather in May, I was hoping global warming would make it go the other way.

Nope.
We only got the downsides from GW, local thunderstorms, stronger winds and dryness.
BUT science says we are after the end of a warming cycle of the sun and global warming will likely be slowing down at least over the next 5 years.
Means more evenly distributed rain, but less windy? hmmm - not that much better anyway...

BTC recovering, time for $58k - $60k again...
#NFA


Yeah, that was pretty much predicted at least twenty years ago. The term 'global warming' was largely replaced by "climate change"* exactly because the predicted effects were that weather extremities would become more commonplace. Not everywhere will experience warmer temperatures.

So over twenty years ago, northern Europe was predicted to experience hotter drier summers, milder wetter winters and more frequent storms, for example. Which is exactly what's happening. We just had one of the driest and coldest Aprils on record, followed by the wettest first week of May on record.

[*please, let's not have another tiresome debate about whether climate change exists and/or why - that one's been done to death]

Just wondering, when btc finally breaks $70k and onwards, whether it will carry the alts with it? Or will it get the cane out of the cupboard and give them a damned good thrashing?

I expect they'll get punished pretty badly as those who fomo'd into some of the utter total shitcoins realised they've been fucking duped
somac.
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May 07, 2021, 11:17:32 AM

Unconfirmed transactions under 20k just now. A fair decrease compared to 1-2 weeks back.

https://mempool.space/

0.31c to get in next block

Edit: blink and you missed it though.

Actually, unconfirmed transactions are at their lowest since 8th January. Don't know if this is good or bad.

In general, the fee sizes are disgusting really.

Disgusting? in what way? One does not have to pay the massive fees, I never have myself, and they are always temporary. Sure that might mean that it takes a while for a confirmation, but they always go through in the end. If I ever do consider the fees to be out of reach I will then switch more of my transactions over to the LN.
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May 07, 2021, 12:52:31 PM

bitcorn hit 100k yet? Smiley gogogogoggg
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May 07, 2021, 01:26:28 PM
Merited by JayJuanGee (1)

bitcorn hit 100k yet? Smiley gogogogoggg
https://upload.wikimedia.org/wikipedia/commons/3/35/Llanfairpwllgwyngyllgogerychwyrndrobwllllantysiliogogogoch.JPG


Almost there
Llanfair­pwllgwyngyll­gogery­chwyrn­drobwll­llan­tysilio­gogo­goch …..bitcoin  Smiley
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May 07, 2021, 01:33:43 PM

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May 07, 2021, 02:27:35 PM



haha, coinmarketcap is showing ETH at 3800, yeah right. That's 300 more than it actually is.
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May 07, 2021, 02:29:13 PM


I expect they'll get punished pretty badly as those who fomo'd into some of the utter total shitcoins realised they've been fucking duped

It occurs to me that a limiting effect previously is that people experiencing BTC FOMO had to get their money onto the exchanges which could have blunted what was already an overheated bubble. This time a lot of money is already on the exchanges. Could get interesting.
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May 07, 2021, 02:33:33 PM

Cheaps, 1 sat = $0.00056. Lowest than doge.

I think Marty and Matt of TFTC (as well as others) have been doing a great job pushing the "Sats the standard" narrative.  But this is really a difficult problem to overcome.

Unit bias has turned out to be one of the stickiest areas slowing bitcoin's inevitable acceptance.  In fact I would say it is one of the very top "problems".  Luckily it has a simple solution.  But it seems like a tough path to overcome the thought that "no one can afford a whole bitcoin anymore".

I sometimes wonder if "Sats" is a good enough word.  Perhaps so.  It is short, simple, and generally easy to say for people who speak all kinds of languages.  And it might take some time for it to finally break through, but thinking of Bitcoin in THAT unit instead of EITHER whole coins or even USD is more important than I think many realize.



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May 07, 2021, 02:37:56 PM

Cheaps, 1 sat = $0.00056. Lowest than doge.

I think Marty and Matt of TFTC (as well as others) have been doing a great job pushing the "Sats the standard" narrative.  But this is really a difficult problem to overcome.

Unit bias has turned out to be one of the stickiest areas slowing bitcoin's inevitable acceptance.  In fact I would say it is one of the very top "problems".  Luckily it has a simple solution.  But it seems like a tough path to overcome the thought that "no one can afford a whole bitcoin anymore".

I sometimes wonder if "Sats" is a good enough word.  Perhaps so.  It is short, simple, and generally easy to say for people who speak all kinds of languages.  And it might take some time for it to finally break through, but thinking of Bitcoin in THAT unit instead of EITHER whole coins or even USD is more important than I think many realize.

I agree. I've been advocating the switch to a marketing friendly name for mBTC for quite some time. A mBTC, even if it gets to, say, 2k$, is still a mentally manageable amount.
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