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

[BobLawblaw]

Michael Saylor isn't the only institutional Investor into Bitcoin and the market is not control by Michael Saylor either <snip>

You're correct, but he's one of the larger fish, and there is a cubic fucktonne of money tied up in fiat between here and $21k - IMO, would need to be a black-swan event to drop below $20k at this point.

[machasm]

Michael Saylor isn't the only institutional Investor into Bitcoin and the market is not control by Michael Saylor either <snip>

You're correct, but he's one of the larger fish, and there is a cubic fucktonne of money tied up in fiat between here and $21k - IMO, would need to be a black-swan event to drop below $20k at this point.

Black Swans seem to be a little more prevalent these days. Still HODLing whatever happens.
Hope you manage to get your head right BLB and lighten your thoughts. I know its hard during these last couple of years but YOLO and all that. 

[modrobert]

Checking the 15 minute chart, looks like a dead cat without the bounce part, it just died.

The BIP 119 ordeal doesn't help either. I'm against smart contracts support in Bitcoin, don't want Bitcoin turning into Ethereum with all that entails. I'm fairly optimistic BIP 119 will be rejected eventually, but it's going to get worse before it gets better.

As of writing this Bitcoin fell off another cliff, from mid 36k down towards 35k USD.

[ChartBuddy]

Explanation

[OutOfMemory]

Zen

It stopped working for me

Yeah, shit is getting that hectic... Meditation is beginning to fail me and not helping for productively contextualizing the realities of life.

The human condition is a huge sack of shit.

I sorta-kinda joke (not really?), but I'm truly wondering if skirting with pure nihilism at this point in my life.

Not healthy and recognized I needed help.

It's always good to know when to look for help.
I suggest a full break in near future, if you can do this, being in the middle of your current project(s). Two weeks minimum, with minimal touching points to the stupid space rock population, in a comfy place, for example a cottage in the lower mountains.
Lately, i started experimenting with electrostimulation of selected nerve branches, which already gave me some benficial results that i have to try to falsify now.
I'll keep you uptdated. If i'll be about sure that it's actually helpful and not only the fucking ole placebo fx.

EDIT: I did stick bright white LED into my ears in the past (which was definitely a placebo), don't ask  
But i'll probably never stop trying things to improve my short dumb life on this damn planet.

Off to RL for some hours, got a mild flu, have to bury a chicken, because the damn fox doesn't show up...

[JayJuanGee]

BTC Market Crash

[img height=300]https://i.ibb.co/XpHSc3S/IMG-20220505-214238.jpg[img]

It's not a Crash, It's an opportunity to buy more.


A Brand New Video Meme. Dedicated to @cAPSLOCK, @JayJuanGee, @LFC_Bitcoin, @El duderino_

Note: No Offense. Just For Fun.

https://www.youtube.com/shorts/-P24HqyjPjY

Kind of helps to establish part of my post responding to you in the stock to flow thread... in which you seemed to have been complaining about BTC prices not going up fast enough..and the fact of the matter is that anyone who remains in BTC accumulation phase should be rejoicing that some of our seemingly inevitable UPpity price moves are actually taking a while to play out.

Personally, I have taken more than 8 years to develop a system so that I always (as much if that can be guaranteed) have fiat to buy on dips.. and I just hope that I do not have to buy on dips because I prefer the price to go up... even my first years into bitcoin I did not ever run out of fiat, except for some somewhat unrelated business matters that I had between about February 2015 and about May 2015.. well in some sense, I just mustered what I could through the whole of 2015 to buy bitcoin when I could .. and that was the bottom of the dip for that cycle.. but who knew at the time, and so many people were either telling me to sell what i had or having a kind of pitiful feeling regarding how foolish that they thought that I was holding bitcoin bags and refusing to sell... so yeah, if you run out of fiat, you just gotta HODL.. or maybe figure out ways to earn some more fiat so that you can continue to buy or to have some ability prepare in case there are further BTC price dips (of course, not guaranteed to even happen, even though quite a bit of negative sentiment currently seeming to exist in all markets).

Maybe in sum, each of us should be striving to do our best based on our own circumstances, and maybe attempt to learn if there might be some good techniques that some of the other WO members have to attempt to manage their cashflows.. and maybe I should even retract my statement from above, because as the BTC price goes down I buy BTC, and even I have been buying all the way down from around $60k-ish.. so the price goes down so long, and there can be regrets about not saving as much to buy lower.. but at the same time, I feel comfortable with my system, so there are buy orders going all the way down to $20k.. and if the BTC price were to start to go below $30k, then I might start to reconsider if I might want to restructure some of my lower buy orders that have not filled yet.. and surely there is a phenomenon in which any of us can run into situations in which we may well feel that we are running out of money to buy as much as we would like to buy... and that seems to be part of the attempts that each of us make (even if we feel that we have prepared ourselves financially and psychologically) to balance trade offs.

[ChartBuddy]

Explanation

[Blue King]

Report: IMF Says Central African Republic's Bitcoin Adoption Poses Risks.



Source: https://news.bitcoin.com/report-imf-says-central-african-republics-bitcoin-adoption-poses-risks/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

[ChartBuddy]

Explanation

[savetherainforest]

Zen

It stopped working for me

Yeah, shit is getting that hectic... Meditation is beginning to fail me and not helping for productively contextualizing the realities of life.

The human condition is a huge sack of shit.

I sorta-kinda joke (not really?), but I'm truly wondering if skirting with pure nihilism at this point in my life.

Not healthy and recognized I needed help.

Look at the bright side. You still have your garden and you chickens.

You should build more green houses and equip them with home made mechanisms to work automatically.    


*edit(): "Bob The Farmer" it doesn't sound so bad, You can write a book about it.

[Gachapin]

Weekend dump or pump?  ...or sideways?

I'd go for dump...
It's the chance for the bears to invalidate the almost 1.5 year upwards channel.

They just need to force a close around 34k or lower.  Of course they could wait one more bounce. But that doesn't seem to come anyways.


I have the feeling that in face of a recession many big boys want to get heavily into BTC. We (and probably by now, they) know it's the strongest most independent asset you could own.

So I wouldn't be surprised, if they tried to push down the price as far as possible with their endlessly abundant fiat.  And every cycle there will certainly be some mindrusts feeding whales at the very lows.

We also know what usually comes afterwards:

If there is one thing BTC does amazingly well, it's surprising everyone with face ripping upward moves to incredible new and unexpected highs.

[Paashaas]

Prepair for a soul crushing weekend dump.

[ChartBuddy]

Explanation

[PoolMinor]

Weekend dump or pump?  ...or sideways?

I'd go for dump...
It's the chance for the bears to invalidate the almost 1.5 year upwards channel.

They just need to force a close around 34k or lower.  Of course they could wait one more bounce. But that doesn't seem to come anyways.


I have the feeling that in face of a recession many big boys want to get heavily into BTC. We (and probably by now, they) know it's the strongest most independent asset you could own.

So I wouldn't be surprised, if they tried to push down the price as far as possible with their endlessly abundant fiat.  And every cycle there will certainly be some mindrusts feeding whales at the very lows.

We also know what usually comes afterwards:

If there is one thing BTC does amazingly well, it's surprising everyone with face ripping upward moves to incredible new and unexpected highs.

Dump until 14-15 May

Since some miners can mine at a loss, the sideways could be several months after.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

[savetherainforest]

Prepair for a soul crushing weekend dump.

Yeah, but it will be fast. Full Moon is in 10 days. And it is an Eclipse Full Moon !!   

[BobLawblaw]

Two weeks minimum, with minimal touching points to the stupid space rock population, in a comfy place, for example a cottage in the lower mountains.

Chicken/Egg problem: This ranch is where we want to get away to. The barn isn't even up yet a year into this project. Still unresolved drainage issues due to 100 year flood-plain area (and these guys are top-notch engineers?). Barn slated to go up in the next couple weeks - finally...

Had to fire the main subcontractor overseeing the project. Very frustrating times. Set us back a bit further.

Just gotta do what I can to shamble from one day to the next without blowing my brains out at this point.

[ChartBuddy]

Explanation

[Apocollapse]

2014: '#Bitcoin BTC falls below $400'
2018: '#Bitcoin BTC falls below $4,000'
2022: '#Bitcoin BTC falls below $40,000'

Source: https://twitter.com/DocumentingBTC/status/1522550224778108929?t=XSF78FmUHbPlffuTaoWfKw&s=19

2026:  '#Bitcoin BTC falls below $400,000'

[Despairo]

[ChartBuddy]

Explanation