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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25435900 times)
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OutOfMemory
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May 12, 2021, 04:41:34 PM

BTW, Graysclale is currently corn-holing their bitcoin investors (like myself in IRA) as GBTC is at almost record discount to btc (fluctuating between -15-18%).
Someone wants off of that wagon (GBTC).
Why Wall Street ALWAYS making s-t out of everything?

That's their job. Exploiting opportunities for their own gains and shit on other's heads at the same time.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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May 12, 2021, 04:58:44 PM
Merited by suchmoon (9)

the sure to be unpopular to all but a few Wednesday morning reality report

#dyor

1h


4h


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M

#stronghands


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May 12, 2021, 05:06:51 PM

Every time Bitcoin price fell to the low $54000 and then again pulled back, how long the uptrend will take resume?
Bulls might busy on other side, unless the bulls bought the dips won't see $60K..
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May 12, 2021, 05:34:24 PM

What the hell is this internet computer shite?

Honestly, the shit they come up with.

 Roll Eyes

Elaborate Scam (TM)
OutOfMemory
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May 12, 2021, 05:42:05 PM
Merited by ivomm (1)

Every time Bitcoin price fell to the low $54000 and then again pulled back, how long the uptrend will take resume?
Bulls might busy on other side, unless the bulls bought the dips won't see $60K..

There's constant uptrend, and also outflow from exchanges.
Just these regular dumps to certain ranges start to smell fishy, but it can't go on forever.
Some characters take advantage of some kind of manipulation, and regarding the price and periodic aspect, i think it's about accumulation.
More on the conspiracy side, regularly pulling down bitcoin to make it look unprofitable could also be an explanation - could be, but that's all conspiracy theory for sure.

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May 12, 2021, 06:02:50 PM
Merited by El duderino_ (3)

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May 12, 2021, 06:11:05 PM

In case of pump: enjoy. In case of dump: turn screen upside down and enjoy.

The only way is up, with a few nice roller coasters tracks along the way... Excellent opportunities to fill your bags.

For people who don't understand this: go buy some Internet Computer thingies. Cool
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May 12, 2021, 06:23:14 PM

Every time Bitcoin price fell to the low $54000 and then again pulled back, how long the uptrend will take resume?
Bulls might busy on other side, unless the bulls bought the dips won't see $60K..

You would expect selling pressure to be exhausted in this area of price. Soon there shouldn’t be enough sellers in this area & price will go up.
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May 12, 2021, 06:26:53 PM

BTW, AlcoHoDL...

100% per year = 2x per year.

200% per year = 3x per year.

Man, how did I miss this? Thanks for point it out. Original post updated. Saylor's numbers looked a bit too high, but I guess the bull in me wanted them to be so... Now they make more sense:

Saylor's 200% up (3x) yearly growth prediction goes like this:

End of:
2020 — $30k
2021 — $90k
2022 — $270k
2023 — $810k
2024 — $2.4M   <--- sat/¢ parity (1 BTC = $1M) by early 2024
2025 — $7.3M
2026 — $22M
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May 12, 2021, 06:41:25 PM
Last edit: May 12, 2021, 06:54:37 PM by Biodom

In case of pump: enjoy. In case of dump: turn screen upside down and enjoy.

The only way is up, with a few nice roller coasters tracks along the way... Excellent opportunities to fill your bags.

For people who don't understand this: go buy some Internet Computer thingies. Cool

That one certainly look like s-t right now; overall Willie Woo predicts a dominance reversal soon.
Overall, the whole thing (stocks mostly) looks toppy, not sure if increased inflation expectations would help btc in a short run, definitely positive for btc in a long run.

BTW, AlcoHoDL...

100% per year = 2x per year.

200% per year = 3x per year.

Man, how did I miss this? Thanks for point it out. Original post updated. Saylor's numbers looked a bit too high, but I guess the bull in me wanted them to be so... Now they make more sense:

Saylor's 200% up (3x) yearly growth prediction goes like this:

End of:
2020 — $30k
2021 — $90k
2022 — $270k
2023 — $810k
2024 — $2.4M   <--- sat/¢ parity (1 BTC = $1M) by early 2024
2025 — $7.3M
2026 — $22M

I wish it ALWAYS goes up 200%...but...remember 2014-2015 and 2018.
In short...it doesn't, so it might me something like:

2021-90K
2022-270K, then 60K
2023-180K
2024-540K
2025-3.3 mil, then 0.8mil
etc, etc
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May 12, 2021, 06:44:42 PM
Last edit: May 12, 2021, 07:29:24 PM by OutOfMemory

Two interesting news articles, imho.

https://www.coindesk.com/sec-warns-mutual-fund-investors-of-bitcoin-futures-risks

https://www.coindesk.com/fairleads-stockton-bitcoin-correction-42k-technical-analysis

EDIT: $53.5k seems strong as intermediate support today. Who want's to see if the bears are stronger than that? Hint: Not me  Grin

EDIT2: When WO posting frequency correlates with mempool allocation...
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May 12, 2021, 08:50:05 PM

You know its kind of weird. The mempool is essentially empty, transactions of 1sat/vB are going through now, yet there are transactions still being sent at 605sat/vB.

Are these people just dumb as dogshit or is it an exchange sending huge fees at their customers expense in an effort to make it look to people like BTC fees are high?

I can explain this no other way.

Edit: Here's the address that is doing it. Pretty odd behaviour.

https://mempool.space/address/37VbgjzwVrM93g6zQrc4XP5RonpwnwKevj

Most likely a miner processing bogus transactions to himself with inflated fees to try and game the automatic fee estimating wallets into over paying.
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May 12, 2021, 09:02:47 PM
Merited by LFC_Bitcoin (1), Arriemoller (1)

... we always have seen some level of retarded speculative frenzy sideshows that spring up in previous bull runs, pyramid scheme games, scamcoins with cult leaders, mining hardware ponzis, etc, etc the list is long ... but the current insane retardedness in valuations of altcoins is a whole new level, I think it is likely because of the mainstreaming effect, the average IQ of new 'crypto' investors is decreasing so a new level of retard in the ancilliary speculative sideshows is somewhat expected I guess
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May 12, 2021, 09:24:21 PM

Interesting, but in stonks at least there is some rationality by retail (apart from GME, etc).
A particular fast money fomoing-retail is attracted to alts, not your regular Joe.
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May 12, 2021, 09:27:20 PM
Merited by OutOfMemory (1)

Every time Bitcoin price fell to the low $54000 and then again pulled back, how long the uptrend will take resume?
Bulls might busy on other side, unless the bulls bought the dips won't see $60K..

There's constant uptrend, and also outflow from exchanges.
Just these regular dumps to certain ranges start to smell fishy, but it can't go on forever.
Some characters take advantage of some kind of manipulation, and regarding the price and periodic aspect, i think it's about accumulation.
More on the conspiracy side, regularly pulling down bitcoin to make it look unprofitable could also be an explanation - could be, but that's all conspiracy theory for sure.

About these dumps, I think it is true - all of it. The same thing happened with 9K-10K range resistance for quite a few months. Now it is slightly different, but not that much. Previously, we had barts every other day, which I suppose were thanks to Bitmex. This was openly and blatantly demonstrated with no fear of being punished until CFTC busted them. Now we have a different pattern, which repeats each day around the same hours. It is like the hat symbol "^". 12 hours of pumping and harvesting longs and then 12 hours of dumping and harvesting shorts. But the other theories are also valid in one way or another. The shitcoin pumps are not an accident. They are pre-planed months ago. For the fulfillment of this plan it is necessary that Bitcoin is not allowed to increase, but to be restrained artificially in some narrow 10% range. That is why historically, the main shitcoin pumps are accompanied by Bitcoin sideways movement. A strong Bitcoin breakout in either direction will put and end to their pumps prematurely and they won't get profits from dumping their own shitcoins on the exact price. In that case, their Bitcoin reserve must be depleted soon and Bitcoin will break the resistance heading to 100K. Every shitcoin will crash 50%+ by then for sure.
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May 12, 2021, 09:28:07 PM
Merited by friends1980 (1)

... we always have seen some level of retarded speculative frenzy sideshows that spring up in previous bull runs, pyramid scheme games, scamcoins with cult leaders, mining hardware ponzis, etc, etc the list is long ... but the current insane retardedness in valuations of altcoins is a whole new level, I think it is likely because of the mainstreaming effect, the average IQ of new 'crypto' investors is decreasing so a new level of retard in the ancilliary speculative sideshows is somewhat expected I guess

It’s frustrating marcus but I think in a lot of shitcoins a dozen or so individuals hold a lot of the supply. It’s quite obvious that for example with DOGE, when these big players decide enough is enough & they’re ready to cash out or convert to bitcoin, the whole house of cards will come tumbling down. Let’s be honest most people only play with shitcoins to try & increase their bitcoin stash. Bitcoin dominance will go up massively again in the not too distant future. Let the peasants play with their pennies, bitcoiners always win in the end.

A massive % of the money in shitcoins is going to flow back into bitcoin, we just don’t know when. It will happen though. This consolidation period in King Daddy is frustrating, it’s trying my patience but an explosive move will happen in the next couple of months.

I am bored out of my brain but I would never make any dumb moves.

HODLING is the way, it can be boring during times like this but it always works.

Moon soon boys, soon.


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May 12, 2021, 10:15:13 PM

big red dildo  Angry
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May 12, 2021, 10:16:05 PM

Bitmex started doing their s-t again? Price lost 2k in minutes.
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May 12, 2021, 10:17:23 PM

Looks like the whole thing's coming undone right now. Get out while you still can.
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May 12, 2021, 10:19:14 PM
Merited by LFC_Bitcoin (5), JayJuanGee (1)



https://twitter.com/elonmusk/status/1392602041025843203?s=21

Tsssssss
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