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

[BitcoinBunny]

Binance officially walks away from FTX deal --> more panic selling.

Anyway. .it will take 3 years from now when you are eligible to start posting moon memes again.

I don’t believe 3 years bro
Only 1 year to get us from under 10 to ATH….

Rockets and moon may come faster as you think

There is no way in hell the central banks won't pivot in the next 6-8 months. They are breaking everything now with the fast interest rate rises.
Over here in the UK some financial "experts" are saying rates will still be around 4.5% in 2 years.

No way.

There will be so much pressure on them to fix the fucking mess they are causing, just like this mess is the reaction to their previous 14 year low interest and printing endless money mess.

Interest rates will go back to near zero within the next year -> economy rockets -> BTC to the moon.

[goldkingcoiner]

FTX investors:

BlackRock
Ontario Pension Fund
Sequoia
Paradigm
Tiger Global
SoftBank
Circle
Ribbit
Alan Howard
Multicoin
VanEck
Temasek

source: https://twitter.com/fintechfrank/status/1590146012613857281

[HI-TEC99]

The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees
https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

[ChartBuddy]

Explanation

[aesma]

My lowest ladder step was fast approaching so I sent some more cash to the exchange to layer some more. Also bought some corn at market price.

No order in the 4 digits prices yet, I will have to think about it if we get there.

[LDL]

Twitter

[hisslyness]

FTX investors:

BlackRock
Ontario Pension Fund
Sequoia
Paradigm
Tiger Global
SoftBank
Circle
Ribbit
Alan Howard
Multicoin
VanEck
Temasek

source: https://twitter.com/fintechfrank/status/1590146012613857281

and these guys are still in charge of billions and billions of dollars of other people money!

[HI-TEC99]

FTX investors:

BlackRock
Ontario Pension Fund
Sequoia
Paradigm
Tiger Global
SoftBank
Circle
Ribbit
Alan Howard
Multicoin
VanEck
Temasek

source: https://twitter.com/fintechfrank/status/1590146012613857281

and these guys are still in charge of billions and billions of dollars of other people money!

[ChartBuddy]

Explanation

[philipma1957]

Ridiculous. One retarded exchange goes under and this? Too much speculation again.

yeah the stable coins issued by any exchange are simply completely fucked up and used to attack pow btc over and over and over.

repeat why would any usa citizen want a stable coin over an I bond.

if you understand how to use I bonds they have been killer investment since nov 2021.

nov 2021 7.1%
April 2022 9.6 %
nov 2022  6.89%

you can buy 15k worth if you know what you are doing and stagger them in case you need cash.

so from nov 21 to oct 28 2023. you could have 7.1% to 6.89% on the most perfectly pegged usd coin there is. USD itself in the I bond.

45k in over a 2 year time slot that will pull around 7.4% juice on it.

this is crushing crypto stable coins.  Which are crushing btc.

good thing is it will be over soon. maybe jan-march and we should be done.

DCA boys and girls.

seriously, could you stop plugging the ibond here, eh, on a f-g bitcoin thread?
first off, it is only 10K/year and second, you have to wait more than a year to collect that interest; you are losing 3 mo worth of interest if you collect yearly.

why people want stables: to reinvest in "crypto" on the swing, of course. Nobody uses them for true savings.

and if you live in usa any move to sell a coin is reportable

so 10k stable coin 10k coins = moron. as zero is insured

just be on coinbase

10k cash 10 k coins = the 10k is insured by fdic.

any move of coin to cash or cash to coin is reportable.

just as any move of stable coin to crypto coin is reportable.


oh oh i know be on a non kyc exchange so it is not reportable.


working well is it?

any I stand by my statments proper managment of i bonds = 15000 yearly in buys not 10000.

plus you stagger them so you never need cash them out.

so basically stable coins. get juice do them on a non kyc dont report beat the tax.

means they crucified you if you did it.

[JayJuanGee]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor?

Saylor Reckt?  Is it going down to $6k?  And, it might even take lower prices than that to reck Saylor.. but hey, you can believe what you like in terms of his vulnerability and/or the vulnerability of his company's whole approach in terms of how they had been playing the cornz.

If we all thought exactly alike then we would all be in exactly the same position in regards to our own stash management, which surely we are not (even if there might be various overlappenings - YMMV)

[edited out]

I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says.

I agree with this way of saying it too.. which is you have to take some of the risk management assertions with a decently sized grain of salt - but at the same time, so many folks try to denigrate Saylor as if he were the same category of degenerate gambler like we had seen with the leaders of Terra/Luna, Block Fi, Celsius, Voyager and now FTX.  And, I believe that Saylor is not even close to those kinds of levels of degenerate gambler - even though for sure, he was investing into BTC at levels that were way beyond what I thought to be prudent.. ..including that he admitted to investing beyond 100% into bitcoin - which I consider to NOT be necessary in order to still get rich as fuck from bitcoin... while employing more "prudent" risk management practices.

[philipma1957]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor?

Saylor Reckt?  Is it going down to $6k?  And, it might even take lower prices than that to reck Saylor.. but hey, you can believe what you like in terms of his vulnerability and/or the vulnerability of his company's whole approach in terms of how they had been playing the cornz.

If we all thought exactly alike then we would all be in exactly the same position in regards to our own stash management, which surely we are not (even if there might be various overlappenings - YMMV)

[edited out]

I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says.

I agree with this way of saying it too.. which is you have to take some of the risk management assertions with a decently sized grain of salt - but at the same time, so many folks try to denigrate Saylor as if he were the same category of degenerate gambler like we had seen with the leaders of Terra/Luna, Block Fi, Celsius, Voyager and now FTX.  And, I believe that Saylor is not even close to those kinds of levels of degenerate gambler - even though for sure, he was investing into BTC at levels that were way beyond what I thought to be prudent.. ..including that he admitted to investing beyond 100% into bitcoin - which I consider to NOT be necessary in order to still get rich as fuck from bitcoin... while employing more "prudent" risk management practices.

All I know is I finally decided to do a weekly dca and in under a week the shit hit the fan.
😀

[ChartBuddy]

Explanation

[JayJuanGee]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.

You know what that means though. Means we're all fucked. Nothing ever changes I guess.

I doubt that "we" need to feel so disempowered and de-spirited about our fate(s), merely because we are "into" bitcoins.

Sure, a lot of the degenerate gambling practices have transitioned from the debt-based fiat gambling space into the bitcoin space, but there are a lot of aspects of bitcoin fundamentals that still have not been infiltrated by status quo debt based fiat gambling systems - including its sound money aspects, its decentralized aspects and the blocks that continue to come out every 10 minutes no matter what others do around it..

I believe that some kinds of fuckery are limited - and unable to easily to apply to bitcoin systems, even though various degenerate gamblers will be playing a variety of get-rich quick practices upon bitcoin that will affect its short-term price volatility.. and some of those people are getting bit in the ass at the same time that they forget to be humble and think that they "got it all figured out."

fuck you greedy cunts....too little too late...kill the goose for the golden egg
https://www.coindesk.com/business/2022/11/09/crypto-exchanges-scramble-to-compile-proof-of-reserves-as-ftx-contagion-grips-markets/
i dislike humans today

Why so negative?

Cheer up toxie moxie.


Everything will be o.k.




Breathe





breathe






breathe.







Good job...











Good.







That's better.





 

[jojo69]

[Rehan Zakir]

Bitcoin hits a new two-year low as FTX fallout spreads



Data from TradingView shows that an early-morning attempt to push Bitcoin (BTC) through resistance at $19,000 was soundly rejected by bears, who pushed the top crypto to a new yearly low of $15,845 in afternoon trading as rumors that Binance would not be acquiring FTX began to circulate on social media.

The struggle for bulls to generate any sort of momentum was noted by Kitco senior technical analyst Jim Wyckoff, who highlighted that “Bears have quickly gained technical power to suggest still more downside price pressure in the near term.”

The downturn has turned into a positive development for some markets – especially precious metals – as Tuesday’s turmoil in the crypto market has “spilled over into safe-haven buying in gold and sharply boosted the yellow metal’s and silver’s prices,” Wyckoff said.

“The cryptos are just like other markets,” Wyckoff added. “When a crisis of confidence occurs, traders and investors all running for the exit door at the same time creates a severe liquidity crunch,” which is evidenced by the widespread declines witnessed on Wednesday.

As for what comes next, Rekt Capital posted a chart detailing the recent price drop into an area first noted by the analyst back in May.



“Months later and BTC has reached this green area,” Rekt Capital said, adding that there is “Still [a] possibility for downside towards the ~$15500 level, with scope for downside wicking to as low as the orange ~$13700 level if things get even more extreme.”

When it comes to what price levels to keep an eye on in the event that the crypto market is able to reverse course from the current weakness, well-known author and trader Peter Brandt posted the following tweet outlining the levels that would “negate the bearish implications.”



Source: https://www.kitco.com/news/2022-11-09/Bitcoin-hits-a-new-two-year-low-as-FTX-fallout-spreads.html

[Icygreen]

Second pic
Where we at

Bali, nice! Somewhere near Benoa/Sanur. Little bit jealous  The Garuda Wisnu Kencana statue in the background, the grass and lawn chairs are unmistakable.  Approx. here. https://earth.google.com/web/search/Sanur,+Denpasar+City,+Bali,+Indonesia/@-8.76953373,115.21688841,3.70685411a,0d,60y,224.11226629h,77.62593382t,0r/data=CigiJgokCduRjuSxWSHAEQM3jqDmayHAGWNg_wlRzlxAIRorEKyAyFxAIhoKFnZmczUyVk5pUDJTOW53Mlc1cVpBZ2cQAg

[LDL]

https://twitter.com/Bitcoin/status/1590553360792719361?s=19

[ChartBuddy]

Explanation

[JayJuanGee]

I'm pretty sure it has roots on the part that touches the ground. So I guess.... $13-14K??      

Look what the cat drug in...

Save the RF...

We needed someone like uie-pooie to share some of your logics and "sensibilities."

got me some at 16942.

next one
164xx

then
159xx

lets go BTC!

my cash position was terrible JJG was it not?

I don't know exactly what your position was, but you were talking nonsense about getting into government bonds for yields, which would have locked your cash up for 6 months to a year.. so that would not have  been a liquid position.

Yes... You seem to be vague about your details and then trying to act like you were right about failing and/refusing to stack sats for the past 10 plus years.

You want to say, "I told you so" now in regards to whatever vague-ass gambling that you might have been doing? and your pumping of dollars and US Govt. savings bonds in this thread?

prepped and ready for 16k then 15k all the down to 9k

Wow!!!

When you are referring to $9k, you do not have bearish expectations do you?  

Are you trying to make up for some of your failures/refusals to stack sats in the past 10 years?  It is likely not going to make up for BTC that you failed/refused to buy or to hold onto in 2014, 2015, 2016, when BTC was mostly in 3 digits and spent a decent amount of that time (likely more than half of the time (which would be more than 18 months - want me to count them for you?) under $600... and almost the whole of 2015 in the mid-$200s.

I am not suggesting that you should not be attempting to make decent efforts to stack sats at this time.. because you are way the hell ahead of the many nocoiners who fail/refuse to even get in, or the salty ones who sold too many too soon (would it be used-to-be coiners, who are bitter for having had sold too many too soon) - even though it is likely not going to make up for your nearly 10 years of having had been less focused on actual ongoing stacking of sats.. and sure, maybe you came around in the past few years, so you did not spend the whole of the last 10 years failing/refusing to sufficiently/adequately stack sats...

Fair enough.. that you still seem to be in the game.. and you didn't over do whatever you were doing (except that you seem that you like to want to brag - or say "I told you so" or fail to be humble in regards to your various seeming gambling tactics) .. so that's always a good thing that you are still in the game and have not been reckt.


good..


good..

[edited out]

Ok you got lucky with 16k, 15k is hardly possible but I can't rule it out completely right now... as to $9k... keep dreaming man! 

okay 9k is me fucking around.

Why are you fucking around?  It's not funny.

Grow the fuck up.

but my 6 cent doge sold between 12-15 cents gave lots of money to buy the btc dip.

Bragging about shitcoin trades is not becoming of a WO gentleman.. .. hey, but whoever even considered you as a possible WO Gentleman anyhow?

So thank you elon musk and sam from ftx.

Each of them (or both of them) can fuck off... hardly worth thanking.

159xx is next

Long way to go before we get there.. we gotta get back up to $20k, then we have to get above the 200-week MA, which is about $24k, and then above $30k, then above the 100-week MA - which is about $38k currently.. then we have to get back into no man's land (which is likely somewhere between $55k and $95k).. so we have a lot of resistance points to cross in the coming months.. .. which could take a while to sort out.. maybe even up to a year, better case scenario to solidly get into no man's land... I don't know.. I don't really have any of the legs figured out because on a personal level, one or two legs at a time is about as far as I might be willing to attempt to venture.

what is fun is if all the btc were to spike to 30k in late dec and I could sell it with zero cap gain tax.

translation = i am way behind in cap gains this year. 😀

Who gives any shits about your cap gain taxes.. except you, your wife and your tax consultant?