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

[ChartBuddy]

Explanation

[1715422859]

1715422859

[1715422859]

1715422859

[1715422859]

1715422859

[OROBTC]

...

A fascinating (but long) piece on Bitcoin, consciousness and entropy:

https://bitcoinmagazine.com/culture/bitcoin-information-theory-monetary-entropy

[Arriemoller]

Oh no, bitcoin crashed to levels not seen since 2 days ago.

And three weeks ago, and seven months ago.

... it's probably time you sodl up and went back to fiat and speculating in stocks old boy

... your bitcoin bags are becoming too heavy for you

I will, at the top.
In the mean time I will bitch about bitcoin being slow to reach that top.

[Arriemoller]

And then I will, of course, buy back at the bottom.

[JayJuanGee]

Roses are red
Violets are blue
Bitcoin is going up
So fuck you

~

From where is that table, bPsycho?  I know that tradingview has 1 month charts..

is the chart that you posted from another site, or are you getting that chart from trading
view?  

Anyone?  Anyone?

It's tradingview software, mobile version by looks of it. Not sure which exchange, but can tell by the logo. Not sure the relevance either to be honest...
It's certainly how it looks to me when I go to TV 1M chart and go from log to linear, which is a scary thing to be doing imo.

Otherwise not sure why I keep seeing occasional panic in the market. Price dropped 10% to re-test 2 week long resistance level, in order to confirm it as support.
It's healthy stuff if you ask me. Liquidate some longs without providing a good shorting opportunity. Volume is the only "concern" right now, not price.

I hardly am concerned about our pausening in a $60k to $69k range, and I won't even be too concerned if there were correction below $55k which is my hypothetical beginning of noman's land.  I just believe that even if there may well be a kind of impetus for noman's land to happen, there are also some bearwhales who are not wanting the UPpity to happen and they can attempt to throw some additional ammunition at the situation in order to delay.. but not likely to stop the passing through noman's land.. and we also know from past experience that if they get too carried away with trying to keep the BTC price down too far for too long then they could end up getting punished worse than if they were to just allow the passage through noman's land... so in any event, they cannot really help their lil selfies from trying to keep the BTC price down as far as they can and for as long as they can while they are still able.. I have almost no clue whether the recent approval of the two futures ETFs in the USA give them more tools or not to either delay or even to be able to extremely delay the passage of our current price through noman's land.  The next two to three weeks are critical.^tm

In 2021 movement of a 2000 btc 'bag' is news on the interwebs
In 2025...................200 btc movement might be
In 2029...................20 btc....

At some point...selling of a WHOLE btc will be news.

...Hope springs eternal.

10x every 4-year cycle might be a wee bit more ambitious than what lillie fiend will be able to accomplish.. and spreading that out a bit more might be reasonable, yet surely I agree with the overall concept.. because I did a quickie research into the matter of spot price, 208-week/104-week moving averages.. and historically they have been those kinds of returns of more than 67% per year that would also end up accomplishing a continuation of the trend of more than 10x appreciations in value every 4 years.. so I do believe that number does need to come down a wee bit.. but just to extend your example two more four-year cycles we get below 1 BTC in just 1.5 cycles after 2029 because 2033 would be 2 BTC and 2037 would be 0.2 BTC.... so even giving some cushion will cause 1 BTC to have an today's equivalence of 2,000 BTC-ish in "hype-value" before 2040-ish... do we need an additional 10-year cushion in there to feel more confident?  

[ChartBuddy]

Explanation

[aysg76]

Always the same story 

There are no plot twist in these stories and we already know what's going to happen everytime btc drop from new ATH which we are seeing at this time also.The scenes are like :

1) Lambos going back to garage
2) Panic sellers rushing to the market
3) McDonald's job application seeing insane rush
4) Shitcoiners believing they are winning (this is best )



Chill guys and enjoy this whole scenario and soon everything is going to rock for holders and feel happy that we are still at $65k and we were below $5k this pandemic and is this not sufficient to make us happy and rich?

[ChartBuddy]

Explanation

[Sayeds56]

https://twitter.com/100trillionUSD/status/1458890358155268097

[ChartBuddy]

Explanation

[goldkingcoiner]

And then I will, of course, buy back at the bottom.

translation:

I will watch bitcoin rise until I FOMO back in with less BTC.

 

[ChartBuddy]

Explanation

[aysg76]

So now the infographics for the image has been restored to the original ones and no intentionally putting them on wrong side as some have said it's some sort of misunderstanding for the many.



So this time bull is igntioning the engine to kick away the bears and the thurst will put btc to $100k.

You can ignore these little dips but you can't ignore btc taking over Tesla, Facebook and now it's the turn for silver as btc market cap is around $1.28 trillion and silver with $1.34 trillion and soon this is going to be Bitcoin taking over.When you know this $64k is also very much profitable for you.

[ChartBuddy]

Explanation

[somac.]

https://twitter.com/100trillionUSD/status/1458890358155268097

Guess he has realised his price target this month isn't going to be anywhere near close.

[vroom]

https://twitter.com/100trillionUSD/status/1458890358155268097

Guess he has realised his price target this month isn't going to be anywhere near close.

18 days to go. don't underestimate the badger!

[somac.]

https://twitter.com/100trillionUSD/status/1458890358155268097

Guess he has realised his price target this month isn't going to be anywhere near close.

18 days to go. don't underestimate the badger!

Oh, I don't underestimate it these days. But to get the price to 98 or 93 or whatever it was he was saying would require a very large inflow of funds. Doesn't seem like we have the FOMO type of inflows for that right now.

[ChartBuddy]

Explanation

[cAPSLOCK]

To all those that love to say “boomer”

watch this movie



https://www.imdb.com/title/tt0063808/


and stfu 😊



and while you are at it watch this one

https://www.imdb.com/title/tt0048545/

boomer fucking “morons”

biden
 trump

bush
clinton

are and were not boomers.

yeah so far only one boomer prez

obama

btw

he is still the only president younger than me.  which makes sense.

I have nothing against boomers, and abhor that phrase.  Almost a boomer myself.  Cusp.  But on the GenX side.  We are a sarcastic generation.

[gallianooo]

Just one thing in my mind...

Nobody talked/talk here about the release of 140K BTC from Mtgox (should be very soon) ?

I assume it doesn't change the long term view on BTC... But into this bull market cycle (still quite calm and not so explosive as many expected/expect till now) , I am curious to see how the market can react at least on a short time view. Some drop again? 52K? 42K?

On the other hand, we have all the positive fondamental from the BTC side : ETF, GAFA owning BTC (corporate or individuals), legal tenders started in Central-South America... And if we are honest, on 2015 or 2017 we even didn't think about these points. So should be VERY bullish now IMHO.

HODL.