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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26392024 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.)
OutOfMemory
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October 26, 2022, 05:13:46 PM
Merited by sirazimuth (1)

Well hi there gents. Hope you're all well? It's been a while. My global wanderings have ceased for now, allowing some good ol' fashioned WO time. Glad to see everyone in good spirits over the last few pages that I've skimmed over. Not quite as many helicopters as I would have liked but hey-ho. Pretty sure they're on their way.

Things are starting to look upwards, eh? Surely the bottom's in.....

Hiya  Grin
Helicopter returned to the base, getting refueled  Cool

I lost my ego long ago my bro :p

You think so. But you didn't. I've been there as well.  Wink

EDIT: Hint: Real masters don't call themselves masters.
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October 26, 2022, 05:22:21 PM

The depth of my words is what people ask me. A master is a eternal student which for what i am 1000%
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October 26, 2022, 05:37:57 PM

I’m still surprised at the strength we’re seeing in the market. I was expecting to end the month below $17K and here we are about to break $21K while Bitcoin has shown considerable strength compared to other assets. It seems that for the first time Bitcoin is bucking the trend and standing out as a safe haven currency. Albeit to a point, but this will no doubt be a positive for future investors who would have expected this speculative asset to be one of the worst performing in times of doubt.
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October 26, 2022, 05:43:06 PM
Merited by El duderino_ (3), JayJuanGee (1)

Second day in a row!





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October 26, 2022, 05:48:38 PM
Merited by JayJuanGee (1)

I’m still surprised at the strength we’re seeing in the market. I was expecting to end the month below $17K and here we are about to break $21K while Bitcoin has shown considerable strength compared to other assets. It seems that for the first time Bitcoin is bucking the trend and standing out as a safe haven currency. Albeit to a point, but this will no doubt be a positive for future investors who would have expected this speculative asset to be one of the worst performing in times of doubt.
If we look at the chart in the past week, Bitcoin has shown an uptrend. Maybe some investors expect the figure to drop to $17k, because they have already placed orders at $17k. Yet another factor affected the price of Bitcoin which continued to pump the price up to $21k by the end of the month. This is also something positive for those who have made a quicker decision to buy at the $19k price tag.
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October 26, 2022, 06:01:22 PM


Explanation
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October 26, 2022, 06:06:18 PM
Merited by JimboToronto (1)

....

EDIT: Hint: Real masters don't call themselves masters.


^this^
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October 26, 2022, 06:45:04 PM
Last edit: October 26, 2022, 07:53:20 PM by JayJuanGee

Surely the bottom's in.....

Surely........



Yours truly is not going to be so bold as to make such a proclaimening.... call me a scaredy cat if you must



And surely uie pooie (welcome back) can boldly go whereever you would like.. .. within reason... into reality..... I don't wanna jinx your spell upon where we seem to be and where we might be going to go

Ahhh the fresh air of the Bitcoin 20K support should I consider it or not, I think a few more hours are going to decide well whatever its finally in 20K region there is some of good news may be this bounce is due to this news. Fresh volume looking forward if we test this region and break 21k i am very much hopeful for at least one hit on the 21.8k at the end of this week.

The point is the consistency in the new volume so far we can expect some more good news this week.
Bitcoin 20100-20500 is forming a good support. If it can hold, we could see Bitcoin at 22k-25k very soon. And if  cannot hold this support, we will have to wait for more time for Bitcoin to rise above 18k-20k.
It will probably be possible in 2025.

Wow!

That's a very profound prediction Crazy_B...

Do you even own a watch?

 Roll Eyes Roll Eyes Roll Eyes
nope...i got all the fuck you time i need

...and that is Mr. Pants to you

  Cheesy Kiss
wait... pants are back??
+1 WOsMerit

trying to get pants back in style around these here parts

much pow required

steady as she goes gents...all ahead standard

Yes!!!!!! Revive.. from hiding under the kitchen counter with chocolate on his face ... BlindMayor or Rosewater Foundation or whatever his other scaredy kitty-cat nicknames were.
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October 26, 2022, 07:01:17 PM


Explanation
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October 26, 2022, 07:38:00 PM
Merited by JayJuanGee (1)

Since Meth became like Cripple, it probably got even easier to pump ...no miners who dump on the market to pay energy bills ...only an army of braindead followers

perfect closed-system ponzi...  

Some WOers said that it will die soon, but I doubt that... unfortunately
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October 26, 2022, 07:43:28 PM

Bitcoin 20100-20500 is forming a good support. If it can hold, we could see Bitcoin at 22k-25k very soon. And if  cannot hold this support, we will have to wait for more time for Bitcoin to rise above 18k-20k.
It will probably be possible in 2025.
There is no need to say in what year it will be possible to happen, because as long as the current number of Bitcoin buyers continues to grow over time on every crypto exchange. Then the price increase will always be there even if it doesn't go directly to a larger price level, because to go to a higher price level than now it obviously still takes more time for Bitcoin. After all it's about when more buyers will come to Bitcoin, not about what year those buyers will come to Bitcoin.

Well, yes... that seems to be in the right direction CageMabok... in regards to our continuing to have ongoing upwards pressures on BTC price based on ongoing adoption and ongoing increasing network effects, and surely in the short-term we see waves and will likely continue to see waves, even while the ongoing and upward price pressures continue to persist because adoption continues to be increasing (even while there are periods in which some fleeting (or unsure) adopters might come in and go out and other various kinds of shorter term fluctuations along the way to ongoing and likely inevitable increasing adoption).


If you don't watch it Mr. Smartie Panties, we (royal that is) are going to have to redefine the meaning of a bat slappening, just for uie pooie.  Tongue



I’m still surprised at the strength we’re seeing in the market. I was expecting to end the month below $17K and here we are about to break $21K while Bitcoin has shown considerable strength compared to other assets.

I don't know about all of that.  Bitcoin has had a pretty rough ride since it has been significantly below the 200-week moving average for a large majority of the last 4.5 months, so that is way worse of a fate in terms of that particular average weighted trade volume indicator than it has suffered through its whole previous life.... .and sure it is maturing as an asset class, so we cannot necessarily expect ongoing and continued benefits of bitcoin being in exponential s-curve adoption - nonetheless, it still seems to be quite presumptuous and also failing/refusing to recognize and appreciate bitcoin for what it is to be presuming that it has to continue to drop, merely because many aspects of macro-economics are having a large number of ongoing existential struggles.

It seems that for the first time Bitcoin is bucking the trend and standing out as a safe haven currency.

First time?  Oh gawd you come off as pretentious and patronizing in regards to king daddy sometimes.

Albeit to a point, but this will no doubt be a positive for future investors who would have expected this speculative asset to be one of the worst performing in times of doubt.

Of course, current and future investors are continuing to learn that bitcoin is likely not as much of a risk on asset as they are making it out to be, even though in the short-term there do seem to be a lot of benefits to being able to get in and out of it so easily and to be able to cover other areas (assets or currencies) in which there might seem to be some need to cover.. but then sometimes, if folks get out of dee cornz because they believe it is easy peasy.. and maybe even presumptuously conclude that they are going to be able to get back in cheaper, they might find their lil selfies chasing the train.. rather than reaping benefits of selling such a highly liquid asset, like my lil precious.
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October 26, 2022, 08:01:17 PM


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October 26, 2022, 08:30:38 PM

There is no need to say in what year it will be possible to happen, because as long as the current number of Bitcoin buyers continues to grow over time on every crypto exchange. Then the price increase will always be there even if it doesn't go directly to a larger price level, because to go to a higher price level than now it obviously still takes more time for Bitcoin. After all it's about when more buyers will come to Bitcoin, not about what year those buyers will come to Bitcoin.
We overestimate opportunities in the short term and underestimate them in the long run. Your idea is clear, there will be only 21 million bitcoins, and there are billions of people on the planet, and over time everyone will want to own at least a particle of bitcoin and this will inevitably push the price up. If you truly believe in it, then what's the difference how long it takes, this is a win-win investment that can make us truly wealthy, the main thing is faith and patience.
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October 26, 2022, 08:52:38 PM
Merited by vapourminer (1), xhomerx10 (1), cAPSLOCK (1), jojo69 (1), bitcoinPsycho (1), DdmrDdmr (1), OutOfMemory (1), strawbs (1)

I lost my ego long ago my bro :p

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October 26, 2022, 09:01:22 PM


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October 26, 2022, 09:11:57 PM

With over half a billion dollars in short liquidations over the last 48 hours it’s feeling like the bears are getting rekt. I think a lot of people threw in the towel at $20K and then went short to try and recover losses, leading them like pigs to the slaughter. I’m not sure how much longer people will be shorting this market, but it feels like the next swing might be down from here to double slaughter those who are now leveraged long. I’ve been saying that for a while though and we keep going up, so maybe the bears have more pain ahead. I’m watching anxiously to see what happens.
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October 26, 2022, 10:01:17 PM


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October 26, 2022, 10:24:12 PM

With over half a billion dollars in short liquidations over the last 48 hours it’s feeling like the bears are getting rekt. I think a lot of people threw in the towel at $20K and then went short to try and recover losses, leading them like pigs to the slaughter. I’m not sure how much longer people will be shorting this market, but it feels like the next swing might be down from here to double slaughter those who are now leveraged long. I’ve been saying that for a while though and we keep going up, so maybe the bears have more pain ahead. I’m watching anxiously to see what happens.

Nope this is a trap. We will not hold 20k  very long.
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October 26, 2022, 11:01:18 PM


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October 26, 2022, 11:08:28 PM

They ended up leading the market upwards when nobody expected them to, and everybody ended up in the opposite position. Really, while everyone was expecting a decline, such a slight but, in my opinion, effective rise suddenly affected the market, albeit slightly. It is pleasant to watch such rises from time to time. It is hard to know if it will continue.
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