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

[fillippone]

Fillippone against the FED:


https://twitter.com/fillippone1/status/1428252981284286469?s=20

"The FED is worried Tether is printing money out of thin air"

Hopefully they are not going to chase our friends at Bitfinex!

EDIT:
Amount of dollars printed by the FED added for reference:

[NeuroticFish]

Hopefully they are not going to chase our friends at bitfinex!

Well, Tether does need to be shaken a little and become properly backed sooner or later.
Their schemes that allow them "print money out of thin air" (which in this case may indeed be true) may affect Bitcoin beyond our (or at least my) understanding.
For example the bad reputation of Tether will simply help the central banks when they'll launch CBDCs....

[fillippone]

Hopefully they are not going to chase our friends at bitfinex!

Well, Tether does need to be shaken a little and become properly backed sooner or later.
Their schemes that allow them "print money out of thin air" (which in this case may indeed be true) may affect Bitcoin beyond our (or at least my) understanding.
For example the bad reputation of Tether will simply help the central banks when they'll launch CBDCs....

I hope you got the irony:
"The FED is worried Tether is printing money out of thin air"

(this is nice) I am going to add it to the OP....

[NeuroticFish]

I hope you got the irony:
"The FED is worried Tether is printing money out of thin air"

I'm still drinking my coffee. The irony was unintentional on my side. But now, as you've pointed it out, ... you can't imagine how big is the smile on my face  

[ChartBuddy]

Explanation

[serveria.com]

... just admit it, you're fiat bull! ... and worse than that you have tasted the freedom of bitcoin and gone back to the debt-slavery chains of your fiat masters, how depraved is that?

Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon.

Some do drink the mindrust cool-aid some don’t

I just have my side to be on…..

Not much more to say only to suggest picking the right side (the one where you have BTC in possession)

I don't know mate. Mindrust sold at an awful price and in panic, while I sold at my target (and it was $1 trillion+ market cap for BTC).

Just to now…. Yeah mindrust was at 3800 ish I think, where did you sold?

But apart of the selling, you mentioned a low 20 price to buy back in if I remember not ?

So just what’s gonna be your play or just what are you gonna do?

I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision.

About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched:

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

You've also mentioned $50k before...  Taking into account that you won't be able to buy lower, you will regret selling at 2024 cycle bottom... 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[El duderino_]

New gadget 

[ChartBuddy]

Explanation

[LFC_Bitcoin]

When NGU?

This is a bull shit price, I demand $50,000+

[ChartBuddy]

Explanation

[Hhampuz]

~

What a clean 44250, good one Buddy!

[somac.]

Seems as though the traditional markets are weighing us down a little. Kind of sucks, but we all know that if things move too deep the FED will be there to brrrrrrrrrrrrrrrrrrrrr all the problems away.

[Paashaas]

https://twitter.com/DocumentingBTC/status/1428320818233323525

[philipma1957]

I hold bitcoin directly, as well as put some in my retirement accounts (that don't hold bitcoin, but an ETF that claims to hold bitcoin.) If you were an institutional investor, you can't really go wrong with the funds. And if you are an individual investor, you can't go wrong with putting a little bit into your retirement accounts too. It's still best to hold bitcoin directly / physically / private keys, but a lot of people either have difficulty with that or don't understand enough to do it safely.

I agree being your own bank can be tricky and cause a lot of people to panic lose their funds but this is made easier with the hardware wallets you can get. It does not protect from sending to scammers but it does protect from most software attacks and physical theft.

Yep if you have a 401k and 10% is in a BTC mirror fund it gets the volatility effect and hopeful uppity of BTC.  With no risk of having it lost or stolen.

I have 3 PayPal accounts with about

2100 usd  in BTC
1100 usd  in BTC
 450  usd  in BTC



I have cold wallets and some exchange coins.

[savetherainforest]

New gadget  

Never trust a Dudd... with chains on his hands.

He always needs to be "El_Naturrel" with all organic products on his hands, like: leather.      

Just don't trust him!!!

       

[Paashaas]

https://twitter.com/BTC_Archive/status/1428308557015965700

[ChartBuddy]

Explanation

[cAPSLOCK]

... just admit it, you're fiat bull! ... and worse than that you have tasted the freedom of bitcoin and gone back to the debt-slavery chains of your fiat masters, how depraved is that?

Yes, I'm a USD bull, probably till the end-2022 or so. I believe we're in a total bubble right now (real estate, stocks, etc.), and Fed is going to be forced to pop this bubble soon.

Some do drink the mindrust cool-aid some don’t

I just have my side to be on…..

Not much more to say only to suggest picking the right side (the one where you have BTC in possession)

I don't know mate. Mindrust sold at an awful price and in panic, while I sold at my target (and it was $1 trillion+ market cap for BTC).

Just to now…. Yeah mindrust was at 3800 ish I think, where did you sold?

But apart of the selling, you mentioned a low 20 price to buy back in if I remember not ?

So just what’s gonna be your play or just what are you gonna do?

I sold at about $55k. To be exact, it was the day when Ethereum reached over $4k. Bitcoin at $1T marketcap, Ethereum over $4k, all friends & neighbors into crypto, Tether printing billions in hours, and even my portfolio at an unimaginable value. It seemed unreal so I made my decision.

About buying back, I've said it before a few times and will say it again, as soon as 200-week moving average is touched:

https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

I think this is a very sensible approach.  The risk you are taking is simple to see, and easy to hedge.  You are discounting the black swan.  That the 200DMA will be higher than your sell point when it touches would be one way to express it.  The hedge is just to leave a portion in BTC.  But i am talking about what I would do rather than what you want.