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

[philipma1957]

my $50 A DAY BUY was going to end on my birthday next week

 was keeping it for 2 months.  with the continued drop I will keep it for 3 months.

Very happy with my sale of $17000 worth of  between 61-67k.

Taxes paid and money in hand for cheap coins.  Dip tastes better at 38k than 42k

Maybe we go to 29k and I grab back all of the 17k sold between 61-67k price.

Personally, it seems to me that you should keep your $50 per day until you reach fuck you status or close to fuck you status.

#justsaying.

It's only $350 per week, and you are an old geezer who should be trying to get to retirement.





You will thank me later... or perhaps not.

Yeah may be best thing to do.

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[Richy_T]

Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...

[ChartBuddy]

Explanation

[shahzadafzal]

Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...

[Phil_S]

Laser eyes jinxed it.

[El duderino_]

Gotta see it from a better perspective

Corn is worth less

But my collectible corn stuff is again worth more (If I would sell them)

People who are selling stuff for corn cannot be to upset….

[ChartBuddy]

Explanation

[OutOfMemory]

Hang on a minute, is bitcoin dead?
Thought I'd drop by just to check.
Ah no, just a fire sale - get 'em while they're cheap. Last chance.

#haiku fail

I just come from the funeral. BTC didn't show up, the coffin was empty.
#btFd

Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...

100 TRY bills this time, sorry...

[serveria.com]

C'mon Bitcon, you know, do something...  

Anyways, where're Saylor's and Bukele's BTFD announcements? Right about time to buy the dip, girls!  

[Paashaas]

R.I.P Meat Loaf.

[serveria.com]

Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...

The only thing that troubles me is that I might get too old for the $100k party... 

[Ratimov]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.


CoinShares recently released a report: https://medium.com/coinshares/volume-62-digital-asset-fund-flows-weekly-report-26c0440d598c

Over the past week, the outflow of funds continued and amounted to $73,000,000. This is the fifth consecutive week with an outflow of funds. In total, over 5 weeks, the outflow amounted to $532,000,000. There is an assumption that bearish sentiment is fading away and the market will soon be dominated by an influx of assets.

Last week there was $55,000,000 outflow from Bitcoin, and in 5 weeks the total outflow was $317,000,000.

[somac.]

C'mon Bitcon, you know, do something...  

Anyways, where're Saylor's and Bukele's BTFD announcements? Right about time to buy the dip, girls!  

Probably blown their wads already on all the previous dips down from 69k.

[ChartBuddy]

Explanation

[Paashaas]

Prepair for a possible max pain weekend dump to $35k and a wick to $30k.

[somac.]

Prepair for a possible max pain weekend dump to $35k and a wick to $30k.

Possible, but I think that would depend on how the traditonal markets do tonight.

And I think it is important to note that the main indexes are at key support. The market already knows that we have more than 4 rate hikes coming this year with cessation of all QE. It's possible that everything is near or at being fully priced in and the thing with rate hike cycles is that they are not actually bad for the markets. The bad part is what we have already had, and history shows that after that is done, markets go up with interest rates.

[NeuroticFish]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Is there any good reason that the steady rise/recovery of mining difficulty is not visible at all in the latest evolution of the price?
I mean that we're almost back to all-times-high-difficulty and nobody seem to care. It makes me think that this movement could be a trap, but maybe it's just my hopes talking.

[somac.]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Is there any good reason that the steady rise/recovery of mining difficulty is not visible at all in the latest evolution of the price?
I mean that we're almost back to all-times-high-difficulty and nobody seem to care. It makes me think that this movement could be a trap, but maybe it's just my hopes talking.

Zoom out on the chart, and you'll see that it is indeed a trap. The monetary system is designed to have constant inflation (not deflation i.e it's not possible to suffer a great depression), this means that long-term asset prices must go up. Take the S&P500, look at the last 30 years and imagine you bought every week no matter what the price was. >99% of those buys would be in massive profit right now. The system is designed for up and up only long-term, buy regularly every week for decades and retire with craploads of money.

[BitcoinBunny]

R.I.P Meat Loaf.

 

I have all his stuff.

Saw him many times live, all over the UK in fact.

He was rather good at performing rock shows with his band in the 90s and 200xs. His music was epic, especially the stuff with Jim Steinman.

Very sad to hear.

[ChartBuddy]

Explanation