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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26484339 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. (174 posts by 3 users with 9 merit deleted.)
BobLawblaw
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July 01, 2022, 12:28:55 AM
Merited by Torque (1), Toxic2040 (1), OutOfMemory (1)

Don't get too excited about that green candle.

We're in completely uncharted waters, presently; ending the third worst performing month in the history of Bitcoin, so far, on top of historical VC blow-outs spreading contagion everywhere.

May take some more time yet to fully unwind, considering how big of an L many VC's took this month.

Stay frosty, and keep your powder dry.
degxtra1
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July 01, 2022, 12:34:01 AM



Stay frosty, and keep your powder dry.
Yes, I just setup -26C in my refrigerator and wanted to put some Iceberg image but don't have any at the moment.

Btw - I'm curious what is the news. Or just mannered shorts liquidation?
BobLawblaw
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July 01, 2022, 12:41:15 AM

Btw - I'm curious what is the news. Or just mannered shorts liquidation?

3AC blowing their margin call, and BlockFi firesale @ $25M
Hueristic
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July 01, 2022, 12:47:10 AM
Last edit: July 01, 2022, 01:30:00 AM by Hueristic

Stay frosty, and keep your powder dry.

https://www.youtube.com/watch?v=rs8g-uUnDg8

DonQuijote
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July 01, 2022, 12:50:24 AM

Btw - I'm curious what is the news. Or just mannered shorts liquidation?

3AC blowing their margin call, and BlockFi firesale @ $25M
What are they?
Torque
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July 01, 2022, 01:02:21 AM

Torque
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July 01, 2022, 01:03:10 AM

Btw - I'm curious what is the news. Or just mannered shorts liquidation?

3AC blowing their margin call, and BlockFi firesale @ $25M
What are they?

Shitcoin derivative scam markets...nothing to see here...move along, move along.
ChartBuddy
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July 01, 2022, 01:04:54 AM


Explanation
Hueristic
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July 01, 2022, 01:28:06 AM
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Quote
ICE is now able to track transactions made through nearly a dozen different digital currencies, including Bitcoin, Ether, and Tether.

https://theintercept.com/2022/06/29/crypto-coinbase-tracer-ice/

Quote
Coinbase, the largest cryptocurrency exchange in the United States, is selling Immigrations and Customs Enforcement a suite of features used to track and identify cryptocurrency users, according to contract documents shared with The Intercept.


Fuck you Coinbase.
DonQuijote
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July 01, 2022, 01:33:06 AM

Btw - I'm curious what is the news. Or just mannered shorts liquidation?

3AC blowing their margin call, and BlockFi firesale @ $25M
What are they?

Shitcoin derivative scam markets...nothing to see here...move along, move along.
Ok haha, thank you!!
cAPSLOCK
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July 01, 2022, 01:42:15 AM

I think we HAVE to go down some more... but that chart is encouraging a little because the money to be made playing this reliable game means the price want's to be made to go up.  We COULD have bottomed as many people say... but usually bitcoin bottoms are more violent than this one has seemed to have been.

If my memory is serving me very well, our move down to $17,593 (a mere 11 days ago) was pretty violent so far.. and we are still more than 10% below the 200-week-moving average (which also feels like a kind of ongoing violence.. but what do I know?).. It kind of reminds me of  our early 2015 bottom down to $153 or whatever it was?  That felt violent, too... but what do I know?


I hope you are right...  I guess the part I am not seeing is the sort of action that makes this look like something other than just a big bear flag.  The DOWN was violent, but the UP has not been.   Yet.

Plus we keep dipping into weekends which never feels very "yay".

Well.. it's not exactly Kill Bill yet, but we're to Pulp Fiction for sure, I'd say... Smiley
Biodom
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July 01, 2022, 01:57:55 AM
Last edit: July 01, 2022, 02:56:47 AM by Biodom

I just hope that someone buys Celsius for $1+ resuming obligations so we can start a "real" recovery to @dragonvslinux target (which I concur with) of 47-49K.
Pronto, please.
No matter what some of you say, the bear markets are no fun.
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July 01, 2022, 02:01:29 AM

Next month(s) are critical ?  Roll Eyes Grin

Next 24 years are critical.
ChartBuddy
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July 01, 2022, 02:04:53 AM


Explanation
Biodom
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July 01, 2022, 02:15:46 AM

Next month(s) are critical ?  Roll Eyes Grin

Next 24 years are critical.

not for everybody...

a funny thought occurred (had a bit to drink):
Warren Buffett putting half of his 96bil inheritance to buy btc, just for kicks and giggles to rile EVERYONE. I wish someone with a big fortune plays this "practical joke".
I realize that WB won't do it...he is too "square".
cAPSLOCK
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July 01, 2022, 02:23:56 AM

What do people think contributed most to Golds 20 year bear market ?

If not 10 years of over-speculation to the upside, It could have been re-installed faith in fiat currencies, despite the fact they were still effectively worthless, but doesn't look that way.

The fact that the S&P made a new high in 1980 after an 8 year bear market can't be a coincidence though. Money better placed elsewhere? GOLD vs SPX back then:



One of my best trades ever was buying a sack of gold towards the end of 1999.
DaRude
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July 01, 2022, 02:32:33 AM

Probably one hedge fund liquidating, as another one feeds on it's flesh, they're quiet cannibalistic, it's like a circle of life for them. 10min tictoc another block
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July 01, 2022, 02:41:42 AM

I know that there are some members who really have personal issues with me, and sometimes they will harbor those resentments for a long time, even for years, and then come out with a bunch of anger posts... hahahaha it is kind of funny how some folks can hate certain peeps on the interwebs so much.

With your way of seeing things, on the flipside, you can never have some of the positive life experiences that I have (very rarely) had in cypherspace.  If you are too detached, you don’t much care either way—you can never make much of a deep connection with anyone.  I am not only saying this now:  I have had that thought about you before, years ago.  It hit me when you declared somewhere, with a distinctly absolutist attitude, that “nobody gives a shit about you on the Internet” (here paraphrasing from recollection).  Well, it is true in the overwhelming majority of cases.  But with your outlook, you will miss the one-in-a-million outliers.

Both you and I likely realize that none of these relationship matters are completely absolute - because it is the case that the longer that we are around can contribute towards us being more or less comfortable with other members - maybe certain members more than others.

There are also statements that are made in response to other statements - so if I call you "a big fucking whiner,"  there is likely a context, and some relationship might be healable through times, and other relations might continue to harbor reservations and/or resentments.

We do not need to get into any exact names, but if you  or I were provided with a private and confidential survey in regards to various comforts that we have with a list of 20 members, and we were told to rate on a scale of 1-10 in regards, to various levels of trustworthiness, or sharing of confidentialities, or whether we would pay them money, have them hold money (like a loan), give them certain responsibilities , then each member should receive  a different result with some higher on the scale than others in certain categories.. and also some members we might feel tht we do not have enough information to rank them in certain categories, but if we had a written interview or a telephonic interview or a video interview or an in person interview, or if we had them work for us for 90 days (historically an acceptable employment probationary period) , then we might be able to arrive at better determinations regarding our trust/confidence levels in regards to that person trustworthiness, reliability and/or whether we might want to enter into a relationship and what kinds or is it it just an arms-length relationship rather than more intimate.

Regarding  missing a 1/1 million opportunity, sure it happens, but we still have to screen matters, and sometimes we also have to cut our losses and not take any further chances because rightly or wrongly we may well find our time and energies is not being used well... does not mean we are correct, but we have to make choices that are not always easy.. and realize that sometimes we cannot go back on our choices..

If someone were to offer me a billion dollars right now to give up some of those positive life experiences, I would tell him to take his money straight to hell.  That is not hyperbole.  Some things are priceless.

I know, also, that sometimes people do things differently from what they say that they would do when there is actual concrete offer on the table rather than exploring a hypothetical that may well never be presented.. .yet we are likely more prepared to think through the matter if we had thought about the possibilities of various offers that could be made prior to the offer actually being made, so we are in a much better place if we have prepared in order to be ready, willing and able to follow through when opportunities are presented.  In that regard, if opportunities are presented, but we have not sufficiently planned/nor prepared, then we might ONLY have one or two of the three (ready, willing and able), which is the same as not having had prepared to be able to take advantage of such opportunities when they are presented.

On the negative side, I dislike permitting those who are beneath me drain my time and energy on nonsense.  Whether IRL or online, I oughtn’t trouble myself too much to swat a troublesome fly, if it is inconvenient.  Most of all, I must mind the proverb about wrestling with a pig.  It is best to take the high road, to focus on important things, to comport oneself with poise and professionalism.  But I never forgive, if someone seriously crosses me—never forgive, never forget.  Despicable characters tend eventually to lay out enough proverbial rope to hang themselves, anyway.

I don't really disagree with you, but I still consider the idea of "never say never".. .and also sometimes I might even be hesitant to think about "never", but worse to say "never" and then not really mean never.. . .but really mean "almost never."... which practically could have the same results... some kinds of conduct seem to be BIGGER deal-breakers than others... sometimes first impressions are wrong, too... such as "oh, you are not as bad a guy/gal as I had initially thought."
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July 01, 2022, 02:44:09 AM

Don't get too excited about that green candle.

We're in completely uncharted waters, presently; ending the third worst performing month in the history of Bitcoin, so far, on top of historical VC blow-outs spreading contagion everywhere.

May take some more time yet to fully unwind, considering how big of an L many VC's took this month.

Stay frosty, and keep your powder dry.

It's weird isn't it? 
death_wish
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Take profit in BTC. Account PnL in BTC. BTC=money.


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July 01, 2022, 02:50:02 AM
Merited by Hueristic (1)

1 BTC ≠ 1 BTC.

Quote
ICE is now able to track transactions made through nearly a dozen different digital currencies, including Bitcoin, Ether, and Tether.

https://theintercept.com/2022/06/29/crypto-coinbase-tracer-ice/

Quote
Coinbase, the largest cryptocurrency exchange in the United States, is selling Immigrations and Customs Enforcement a suite of features used to track and identify cryptocurrency users, according to contract documents shared with The Intercept.


Fuck you Coinbase.

The destruction of privacy is also an economic issue, bad for Bitcoin.  Bitcoiners who accept this are their own worst enemies.

With tracking inevitably comes UTXO blacklisting, and thus the continued process of turning Bitcoin into an NFT.  1 BTC ≠ 1 BTC.

Oldie-but-goody, Adam Back in 2014:
https://youtu.be/3dAdI3Gzodo?t=47

My comments on another thread, re “coin taint”:
[...] —and in the long term, please support any competent efforts to add to Bitcoin what Dr. Back says on one of his slides:

“Idealized cryptographic ecash aims to enforce fungibility via indistinguishability rather than law... trust in mathematics over law”.

Dr. Back discusses various privacy technologies, from centralized blind signatures to Zerocoin/Zerocash.  Unfortunately, the technological information is only up to date as of 2014.  His explanation of the fungibility issue is the important part here; the only change on that point is that the problem has become worse, much worse.


So stated, because some people will only pay attention when they are proverbially hit in the wallet.  Fungibility is one of the most important arguments for privacy.
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