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

[JayJuanGee]

Every dip is getting eaten at the moment, this feels like a really strong base for a run at a new ATH within the next 6-8 weeks.

I’m a lot happier with the way things are going at the moment. We’ve all been involved in bitcoin for a long time now but it doesn’t make times like May 2021 any easier. I was a panicking little bitch for long periods back then. It really does feel like we’re getting ready for new highs soon now.

I can feel the engines starting up, the train is getting ready to leave the station once again.

TLDR:
I am happy as long as things are going my way.

 

Hate to break the news to uie poo-ie, Hueristic, but I will.  

Someone's gots a do it.

Your English sucks about as badly as sirazimuth's singing.

No homo.

Hence why I specifically cited the fact I consider this (my first {natural}) a "second language". ;P
And it gets worse every year!

Next time, I am going to leave out the "no homo"

You don't deserve it.

 

Hate to break the news to uie poo-ie, Hueristic, but I will.  

Someone's gots a do it.

Your English sucks about as badly as sirazimuth's singing.

No homo.

Hence why I specifically cited the fact I consider this (my first {natural}) a "second language". ;P
And it gets worse every year!

Really? you don't have JJGay on ignore?

Why would he?

We are the best of buds.

We go way back.

[ChartBuddy]

Explanation

[ivomm]

It's fake, but still has a lot of truth.   Remember DAO and the hack in 2016! Back then it caused a crash in the market. Not this time! The bull is strong! Regarding the decentralized part in eth, defi or any other crypto project: devs rolled back the blockchain of eth without the full miners consent, which gave birth to etc; year after year they made HF after HF without asking the users or the miners. The last one burns the extra fees which used to go to the miners. And soon they will switch to POS which will benefit mostly the devs holding 70%+ of premined eth. The same more or less is valid for any defi "project". It should be called Cefi, not Defi! The only good thing about eth existence is that it allows mining bitcoins with gpus. These are more user friendly and attracted millions which otherwise wouldn't invest directly in Bitcoin. The conviction to became a Bitcoin hodler grew up simultaneously as I was making a good profit by mining. And for many of the miners eth is just an intermediary to bitcoin, nothing more. I don't care about its future and I won't hold or stake anything! And I don't care about missed future profits by selling everything that I mined so far. At the moment it switches to POS, it is a dead project to me. I'm 100% sure that if a project loses completely its decentralization part, it will die in a matter of months or several years tops.

[Biodom]

The oscillator between 600 and 1000 historically is bubble territory.  The early spike in 2013 and the recent ATH both came in around 600.  I think the question now is whether the market goes manic and beats 600 this halving cycle.  There's no reason it has to.

..but, it could, right?

Strangely enough, I think that stock market would either help or deter us, since stock market sometimes tanks in Oct-Nov.
We could go to maybe 90K regardless, in 45-60 days or so. To go higher, stonks would have to cooperate in Q4.

At the moment it [Vitalik's coin] switches to POS, it is a dead project to me. I'm 100% sure that if a project loses completely it's decentralization part, it will die in a matter of months or several years tops.

imho, these are two separate things, being decentralized and POS/POW, albeit one can argue that EVENTUALLY, POS projects would centralize. At the moment, though, there are some (for example, Hoskinson coin-the man can market his s-t, for sure) that look decentralized while being POS. I wouldn't argue against the notion that eventually they would fall toward centralization one way or another. For sure, all POS coins ostensibly look like corporations, albeit they deny it.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

It's fake, but still has a lot of truth.   Remember DAO and the hack in 2016! Back then it caused a crash in the market. Not this time! The bull is strong! Regarding the decentralized part in eth, defi or any other crypto project: devs rolled back the blockchain of eth without the full miners consent, which gave birth to etc; year after year they made HF after HF without asking the users or the miners. The last one burns the extra fees which used to go to the miners. And soon they will switch to POS which will benefit mostly the devs holding 70%+ of premined eth. The same more or less is valid for any defi "project". It should be called Cefi, not Defi! The only good thing about eth existence is that it allows mining bitcoins with gpus. These are more user friendly and attracted millions which otherwise wouldn't invest directly in Bitcoin. The conviction to became a Bitcoin hodler grew up simultaneously as I was making a good profit by mining. And for many of the miners eth is just an intermediary to bitcoin, nothing more. I don't care about its future and I won't hold or stake anything! And I don't care about missed future profits by selling everything that I mined so far. At the moment it switches to POS, it is a dead project to me. I'm 100% sure that if a project loses completely it's decentralization part, it will die in a matter of months or several years tops.

Yeah that pretty much exactly what I think of Eth.

Mr V would need to personally send me two coins . (Long complex story)

 Then resign and appoint  a multi person development team.  Along with changing the algorithm  to progpow. Promising to run Pow until 2030.

At that point it would be a shit coin rather than the money trap it is.

@ biodom pos is simply a junk bond concept wrapped in a corporation that is nonexistent.

But I am mining ⛏ Eth and cashing it to btc daily.

[ChartBuddy]

Explanation

[nutildah]

Hilariously bad piece on teh dark webs by CNBC.

https://news.yahoo.com/inside-dark-020109776.html



Her real name is Kara... I shopped her name because I am a pro at shops. I also have access to the coveted dark web "portal" but don't tell anyone.

To their credit, and rather interestingly, they did not mention Bitcoin one time. Or XMR if you were wondering.

[StanleyBoyle]

The great philosopher Mr. Nietzsche said:

Real men desire two different things: danger and games.

If there are only 21 million women in this world,
Then the right side of this dialog box may be Bitcoin.

[ChartBuddy]

Explanation

[serveria.com]

Hate to break the news to uie poo-ie, Hueristic, but I will.  

Someone's gots a do it.

Your English sucks about as badly as sirazimuth's singing.

No homo.

Hence why I specifically cited the fact I consider this (my first {natural}) a "second language". ;P
And it gets worse every year!

Really? you don't have JJGay on ignore?

If you don't love JJG you don't love Bitcoin. You heard it here first. 

[HaleyOccam]

The great philosopher Mr. Nietzsche said:

Real men desire two different things: danger and games.

If there are only 21 million women in this world,
Then the right side of this dialog box may be Bitcoin.

I can hardly imagine that when a normal man loses interest in a woman, I can say with certainty that there is nothing for this man to be unsuccessful. If not, it is that this woman is too ignorant to invest in herself (beauty, stay young) or find a way to grab the man's stomach.

[ChartBuddy]

Explanation

[Poker Player]

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

[ChartBuddy]

Explanation

[somac.]

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

Theories??? It's math and science pal. That ain't no theory.

[ChartBuddy]

Explanation

[dragonvslinux]

Now it seems that we have broken resistance and that we are going to 50K in the blink of an eye.

$46,325.22 on bitstamp.

Waiting for trolldhon and his theories.

Theories??? It's math and science pal. That ain't no theory.

Since when did math and data science not include statistical theories?
One theory is the amount of short positions are still over leveraged last I checked (with $2 billion open positions). The bears are refusing to exit their losing positions, instead are holding onto their shorts as Bitcoin rises and finds support above the 200 Day MA
What happens theoretically when these positions get liquidated is they have to buy back into Bitcoin. This is how the $50-60K "blink of an eye" can occur. All theory obviously, but 35% shorts vs longs in a bull market is still over leveraged imo.
Remember when price crashed 30% in a day? The market was over leveraged long, the bulls got liquidated. Some theorized this would happen, I ignored it. I won't ignore this scenario in the opposite direction. That would be naive.
Ideally everyone exists their losing positions before liquidation, or at least at different prices. But they don't, and they never learn.

[Karartma1]

It's fake, but still has a lot of truth.   Remember DAO and the hack in 2016! Back then it caused a crash in the market. Not this time! The bull is strong! Regarding the decentralized part in eth, defi or any other crypto project: devs rolled back the blockchain of eth without the full miners consent, which gave birth to etc; year after year they made HF after HF without asking the users or the miners. The last one burns the extra fees which used to go to the miners. And soon they will switch to POS which will benefit mostly the devs holding 70%+ of premined eth. The same more or less is valid for any defi "project". It should be called Cefi, not Defi! The only good thing about eth existence is that it allows mining bitcoins with gpus. These are more user friendly and attracted millions which otherwise wouldn't invest directly in Bitcoin. The conviction to became a Bitcoin hodler grew up simultaneously as I was making a good profit by mining. And for many of the miners eth is just an intermediary to bitcoin, nothing more. I don't care about its future and I won't hold or stake anything! And I don't care about missed future profits by selling everything that I mined so far. At the moment it switches to POS, it is a dead project to me. I'm 100% sure that if a project loses completely it's decentralization part, it will die in a matter of months or several years tops.

Yeah that pretty much exactly what I think of Eth.

Mr V would need to personally send me two coins . (Long complex story)

 Then resign and appoint  a multi person development team.  Along with changing the algorithm  to progpow. Promising to run Pow until 2030.

At that point it would be a shit coin rather than the money trap it is.

@ biodom pos is simply a junk bond concept wrapped in a corporation that is nonexistent.

But I am mining ⛏ Eth and cashing it to btc daily.

After the London HF you'll have to find another chain because as soon as (!!!) they switch to POS you'll be out of business.
I know you're prepared.