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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25490533 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. (158 posts by 14 users with 9 merit deleted.)
BillyCoiner
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July 20, 2021, 12:52:38 PM

How are we?
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proudhon
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July 20, 2021, 12:59:38 PM
Merited by vapourminer (1)

How are we?

Oh just hanging out watching the first cryptocurrency die off.
ChartBuddy
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July 20, 2021, 01:01:27 PM


Explanation
El duderino_
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Observing No-Coiners.


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July 20, 2021, 01:11:06 PM

How are we?

Oh just hanging out watching the first cryptocurrency die off.

img images
Dakustaking76
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July 20, 2021, 01:15:23 PM

How are we?

Oh just hanging out watching the first cryptocurrency die off.


How many times Bitcoin died? Google it then come back and answer my question then we talk again
Wekkel
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yes


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July 20, 2021, 01:51:26 PM
Merited by NeuroticFish (1)

How are we?

Oh just hanging out watching the first cryptocurrency die off.

Finally, after all those years....
shahzadafzal
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July 20, 2021, 01:53:49 PM

good bye, 30


Happy birthday to you

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July 20, 2021, 01:59:56 PM
Merited by The Pharmacist (4), JayJuanGee (3), shahzadafzal (2)

How are we?

Oh just hanging out watching the first cryptocurrency die off.

There is difference between BTC  and all other shitcoins market crash as bitcoin has been declared dead more than 423 times and still it pumps again and all the holders knows it and this is normal for bitcoin and still calling it dead at $29k is worse mistake.It will pump back again as soon as it gain momentum and investors suppport and then all the btc pessimistic and haters will shocked to see it rise and their so called shitcoins will lie with zero value in their wallets.

Have a look at this dramatic price graph compariosn for bitcoin and all other shitcoins which depicts some bitter reality but still some people do not accept this and later regert but no fun afterwards.




Bitcoin prices are volatile but they tend to rise in the long run because it will be accepted by all and become mainstream and have many technical support and provides you security of funds in a decentralised way but so called shitcoins have no utility and the only reason for price pumps is social influence like they provide fuel to the rocket which is not capable of taking off and only limited fuel is available and when it's over the rocket crash so hard and burst and in similar manner when big whales cash out profit and can't further manipulate the prices they start dumping them and coin will not pump ever gain as they don't have any technical support and utility to serve. 

Shitcoins to the moon is like this: https://www.instagram.com/p/COasKixgiYN/?utm_medium=copy_link

If you know bitcoin then these prices don't matter at all in long run.
ChartBuddy
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July 20, 2021, 02:01:26 PM


Explanation
LFC_Bitcoin
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One of the world's leading Bitcoin-powered casinos


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July 20, 2021, 02:26:07 PM
Merited by JayJuanGee (1)

Afternoon boys, the price sucks atm. I admit myself that I am fearful, not of the current price really but of the potential for much lower.

I really hope the bottom is in or close to.

It’s tough but this is why many of us have done so well with bitcoin. HODL gentlemen, at the end of the storm, there’s a golden sky.

Richy_T
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July 20, 2021, 02:36:11 PM


Nice try but Bitcoin cycles are more likely related to the halvings which are something more like 3 1/2 years. Those date ranges are broad enough that the 2013/2017 outcomes fit but quite possible we've already seen our growth for this cycle.

I wouldn't mind that being wrong though Smiley
HI-TEC99
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July 20, 2021, 02:57:21 PM

Back to ramen and McD job?  Grin

El duderino seems to eat pretty well, and he says he has a McD job. That pasta truffel flavoured ramen looks quite nice.





Cool red wine

Pasta truffel

Saturdays

Cheers
ChartBuddy
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July 20, 2021, 03:01:35 PM


Explanation
Phil_S
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We choose to go to the moon


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July 20, 2021, 03:08:11 PM

It's not my birthday... what are you talking about...
eXPHorizon
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Let The Future Tell the Truth - Nikola Tesla


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July 20, 2021, 03:18:42 PM
Last edit: July 20, 2021, 03:36:35 PM by eXPHorizon

It's not my birthday... what are you talking about...


But still... Happy Birthday Phil 😂 Misunderstandings happen and they are funny sometimes like this hehe

Just go with it
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July 20, 2021, 03:22:04 PM

And buying with €1000... again. Keep selling cabbage hands, you don't deserve your Bitcoins.

A couple of my buy orders have triggered too... I am not so excited about having them triggered, but sure.. there does come additions to the stash with such moves downity.... still does not cause me as much citttteeeee as if we were to go UPpity.. which might take a few days to get some stability and comfort back in order to get the possibility of UPpity and stop testing the current local bottom of $28,600 or whatever is currently being tested... how low will she go?  how low will she go?


2x would almost be $60k... not sure if it will happen, but seems possible.... 1.5x would be $45k

There is no guarantees in bitcoin, and if we have to start measuring 6% per year from here, then maybe we are not keeping up with inflation, but $30k x 1.06 = $31,800.....   Hoping for more, of course... especially because we had seemed to have had been in a bull run that has been challenging the extent to which we are still in such bull run. and surely I am still inclined to believe that we are still in a bull run.. so the next two weeks may well be critical. tm
Toxic2040
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July 20, 2021, 03:55:37 PM
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A couple of my buy orders have triggered too... I am not so excited about having them triggered, but sure.. there does come additions to the stash with such moves downity.... still does not cause me as much citttteeeee as if we were to go UPpity.. which might take a few days to get some stability and comfort back in order to get the possibility of UPpity and stop testing the current local bottom of $28,600 or whatever is currently being tested... how low will she go?  how low will she go?


2x would almost be $60k... not sure if it will happen, but seems possible.... 1.5x would be $45k

There is no guarantees in bitcoin, and if we have to start measuring 6% per year from here, then maybe we are not keeping up with inflation, but $30k x 1.06 = $31,800.....   Hoping for more, of course... especially because we had seemed to have had been in a bull run that has been challenging the extent to which we are still in such bull run. and surely I am still inclined to believe that we are still in a bull run.. so the next two weeks may well be critical. tm


CT seems to think $27.5k could be a local bottom    dunno...these heatmap charts look like gobbledygook to me...well..the second one anyway     ymmv


https://cointelegraph.com/news/bitcoin-erases-2021-gains-as-btc-price-falls-to-biggest-bid-ever-on-binance

Hhampuz
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Meh.


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July 20, 2021, 03:56:36 PM

What does preev.com show for you guys? I was happy that it showed $32k so nice quick bounce I thought but binance says $29.8k..
JayJuanGee
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July 20, 2021, 03:57:55 PM

BTC still not uncorrelated to U.S. Stock Market. must be in an early state.







Fuck that nonsense about supposed correlation.. you gotta be zooming ur lil selfie a wee bit outwardly.


Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price. Angry Angry
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing. Cheesy

And buying with $700. I don't know I'm ready if the price continues to go down although I think that unless something big happens during this week, the bottom for the end of the year will be 27K.

Next levels:

700$  ----- 28k
1200$ ---- 27k
800$ ----- 26k
1000$ --- 25k

and enough.  Grin Grin

We don't know where the bottom will be, but if there is one certainty in life it is that the central banks will always print and the governments will always do fiscal spending packages. Therefore eventually the price will go up (along with every other asset known to man). The only thing we/you have to be sure of is "can I hold, without selling forever if need be?" if your answer is yes, everything will be good.

As I mentioned above bitcoin price rises have a lot to do with increasing supply of fiat currency. And the monetary system requires ever increasing amounts of fiat, It's just how it was designed. Increasing fiat supply is therefore guaranteed. If it doesn't we end up with a Soviet style collapse. The CBs and Govs are never going to let that happen. So brrrrrrr.

Bitcoin is a long term savings vehicle, treat it as one rather than as an investment.

Your framing is a wee bit weird, but what else is new, somac?

Part of the explanation for bitcoin's increase in value over the years is the depreciating value of the dollar, but get a fucking grip, bitcoin has appreciated way more in value than the dollar has lost.... just take the last 10 years for example, bitcoin has gone up 1000x or more and the dollar has probably ONLY lost around 50% of its value.  

You can even choose a shorter period, such as the last 4 years.  In the past 4 years, bitcoin has gone from $2,500-ish to $29,500-ish, which is about 11.8x price appreciation.  The dollar has lost 20% to 30% of its purchasing power at best during those past 4 years.... so get the fuck out of here with your simple-ass explanation that is ONLY part of the explanation about what is going on in terms of the great historical appreciation of BTC's price and also there is no real sign that bitcoin is not going to way the fuck out appreciate the value of the dollar way greater than the amount that the dollar is losing value and likely to continue to lose value... where you going to put your bets?

By the way, I do not have any problem with having somewhat conservative expectations - but you, somac, seem to frequently get so much caught up whining about short term negative BTC price moves that you lose sight of the BTC positives and even the likely future positives coming through BTC  - not that you are even appreciating that we likely are in the midst of the greatest wealth transfer that man has ever seen.. so sure, it is not easy to see what is going on while in the midst of it, so I will grant you the being blind in the midst aspect.  (perhaps better than being a gorilla in the mist?)

CME Very possible to Hit earth in 2022-24... Helpo while its possible ? I need 3 BTC Cheesy

Exactly.. you "need 3 BTC"  like a 3 year old "needs 3 BTC"...

Your begging is unbecoming.. and sure, another red trust might just cause me to look like I am out to get you, no?  ..


Nice try but Bitcoin cycles are more likely related to the halvings which are something more like 3 1/2 years. Those date ranges are broad enough that the 2013/2017 outcomes fit but quite possible we've already seen our growth for this cycle.

I wouldn't mind that being wrong though Smiley

You are likely wrong... richie..

Funny how you have such strong conviction about this theory of a possible early bear cycle... Of course, we will see.. but I doubt that the odds are in your favor.
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July 20, 2021, 04:01:27 PM


Explanation
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