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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

O/T

Article from 2020
OceanGate raises $18M to build a bigger submersible fleet and set up Titanic trips
https://www.geekwire.com/2020/oceangate-raises-18m-build-bigger-submersible-fleet-get-set-titanic-trips/

OceanGate will take advantage of lessons learned during the construction of its carbon-hulled Titan submersible, which was originally built for Titanic journeys. Rush said tests that were conducted at the Deep Ocean Test Facility in Annapolis, Md., revealed that the Titan’s hull “showed signs of cyclic fatigue.” As a result, the hull’s depth rating was reduced to 3,000 meters.

“Not enough to get to the Titanic,” Rush said.

That meant the Titanic trips — which had been planned at first for 2018, then 2019, then 2020 — had to be put off until mid-2021. By that time, Rush expects the new submersibles to be ready to enter service. He said mission specialists who have paid more than $100,000 each to participate in the Titanic expeditions were “generally supportive but disappointed” by the delay.

It takes 2 1/2 hrs to reach the 3,800 metre depth where the Titanic lies.
Comms were lost 1 hour 45 mins into the dive.
So the sub would have been around 2,700 metre depth. Very close to that 3,000 metre maximum depth rating!

The fact that the 2021 and 2022 (one in each year) Titan expeditions went well seems to be just dumb luck.

The last expedition to the wreck of the Titanic with a sub that had the proper depth rating was in 2019 (a sub called Limiting Factor - which is rated at 11km! depth).
The Mir submersibles used by James Cameron 33 times had a rating of 6km.

There were never new subs built by OceanGate, it appears to have tried to patch up the original Titan and make do with that.
Stockton Rush appears to be was a complete idiot and a murderer.

4 eye rolls for the other passengers / pilot. RIP.

 

I read the Titan is rated to 4,000 meters.

https://www.cbc.ca/news/canada/missing-submersible-how-deep-1.6882739


I found the 4000 meter number in three articles can’t find 3,000 meters in any articles so far.




Back on point we got above 29k for a spilt minute or so.

Pushing it at 28777 maybe we crest and stay over 29k by the morning

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

It takes 2 1/2 hrs to reach the 3,800 metre depth where the Titanic lies.
Comms were lost 1 hour 45 mins into the dive.
So the sub would have been around 2,700 metre depth. Very close to that 3,000 metre maximum depth rating!

The fact that the 2021 and 2022 (one in each year) Titan expeditions went well seems to be just dumb luck.

The last expedition to the wreck of the Titanic with a sub that had the proper depth rating was in 2019 (a sub called Limiting Factor - which is rated at 11km! depth).
The Mir submersibles used by James Cameron 33 times had a rating of 6km.

There were never new subs built by OceanGate, it appears to have tried to patch up the original Titan and make do with that.
Stockton Rush appears to be was a complete idiot and a murderer.

4 eye rolls for the other passengers / pilot. RIP.

 

Suggests maybe they were running out of money and decided to take their chances.

If they were only running one mission a year, that's definitely not enough to convince me. That's "we're still in the experimental phase" shit.

[Subbir]

but I suppose that if I were to make some kind of a large purchase using BTC or even fiat that is inside of my BTC trading accounts, then maybe I might feel that I need to adjust my buy/sell orders (and strategies) in order to attempt to account for some large purchase that I might have had ended up making..

Well I agree with your opinion, I think if you can specifically analyze you have a deep knowledge about Bitcoin, but with the current market conditions, it is natural that there are many people who would have the opposite opinion, because many people think that when some negative news comes out, the price of Bitcoin will go down. will go and they will have a new opportunity to invest more. It can be the case of any other token or coin but if we talk about Bitcoin only then it can be said that Bitcoin is not very easily manipulated. Because Bitcoin is ready to hold its position.

Secondly, I think it is better not to limit to just trading because when some bad times come, many will hesitate, and when one hesitates, the long term plan will be lost.

[JayJuanGee]

You sound like a low coiner or a no coiner.

I guess it was predictable already. People from a 3rd world country wearing a signature must be a low coiner. You might think that. I don't mind that 

I responded based on the words of your post, and I did not assume where you were from - even though now you are disclosing that you are from a third world country.

We might not know what is going to happen, but we have some pretty good ideas about bitcoin's likely direction.. even if we might not know details in terms of either price or time.. especially trying to pinpoint specifics -

Bitcoin sometimes followed previous patterns and sometimes did not. We have seen price hikes after each halving so we expect the same after the upcoming halving as well. But, we never know if it will happen exactly after the halving or not. It might take a few months or so. Maybe a year?

Well, hopefully whatever you are doing in terms of your bitcoin investment is not reliant on the price shooting up.. because it may or may not shoot up..

Yet, in your previous post, it sounded to me that you were preparing for down rather than up, and likely it is necessary to prepare for either down or up.. because we cannot be sure which direction dee cornz is going to go in the short term, and even that we could have a lot of uncertainty for many years into the future.

Those who ongoingly continue to fail/refuse to prepare for UP.. are more likely going to end up having to come into bitcoin at higher prices (than today's price) rather than being able to get in at lower (or even the same) prices.

Good luck is you are either failing/refusing to stack sats in order to prepare for UP (just in case), rather than waiting for some kind of divine signal that is not likely to get any more clear than it already is.. for those who are ongoingly insisting that "nobody knows." .. .and nobody knew in 2011, 2014, 2017, 2019.. .but those who took actions to stack sats during those times (and who continued to stack sats and who have not gotten shaken out of the sats that they had stacked between then and now), are likely in pretty damned decent shape right now, whether we are referring to finances and/or psychology.

FYI, I have a portion of Bitcoin in my wallet. I won't say I am holding tight like a pro-holder. But, I don't have a plan to sell it anytime soon unless I need some urgent cash. Moreover, I have some sats in a time-locked wallet generated using https://coinb.in/.
[/quote]

Hopefully you are not overly complicating your set up... it is not for me to say how you should hold your coins, and whether you need to keep some coins cold storage and some hot, and the time lock adds an additional level of complexity that may or may not be necessary - even though I know some people are contemplating uses of time locks for inheritance purposes and even for security purposes, and so far I have not been so brave as to experiment with any kind of time lock set up or come to see that it might be a good idea for me..

i was reading this thread from starting (just for fun),
i seen users which are  the lucky early adopters and they are now millionaires, even billionaires now.

Lucky? Some call it foresight.

Patience has a lot to do with it too.

  Without even considering the temptation for many to buy pizza and lambos with their bitcoin on the way up, there was much adversity for early adopters to wade through.  Luck was not an option and sadly, many did not make through unscathed.  I'm glad for the few stalwarts in this thread who were like pillars of support and advice and also for those who were the exact opposite who provided excellent examples of how not to proceed.  I'm not going to name names - you know who you are (not all are still active) and I thank you.

Exactly a variety of scenarios, some guys building their stacks, some guys consuming part of their stacks, and surely there is nothing wrong with hookers, lambo and blow as long as you might realize that you don't want to spend all of your cornz all at once.. which surely there have been some guys who got some short term time preferences, and ended up spending way too many coins too early.

We cannot necessarily presume that guys and gals who participated then and who are still participating have disclosed very much of their BTC accumulating  and/or holding strategies.. even though sometimes we might get some ideas about some of the strategies that might give us some ideas in relation to how close their hypotheticals might relate to their own circumstances or to circumstances that they wished to be or circumstances that they know their "friend" to be.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[God Of Thunder]

I responded based on the words of your post, and I did not assume where you were from - even though now you are disclosing that you are from a third world country.

It's no secret, to be honest. Everyone can see this from my post history since 30% of my posts are on my local board Thread.

We might not know what is going to happen, but we have some pretty good ideas about bitcoin's likely direction.. even if we might not know details in terms of either price or time.. especially trying to pinpoint specifics -

Bitcoin sometimes followed previous patterns and sometimes did not. We have seen price hikes after each halving so we expect the same after the upcoming halving as well. But, we never know if it will happen exactly after the halving or not. It might take a few months or so. Maybe a year?

Well, hopefully whatever you are doing in terms of your bitcoin investment is not reliant on the price shooting up.. because it may or may not shoot up..

Yet, in your previous post, it sounded to me that you were preparing for down rather than up, and likely it is necessary to prepare for either down or up.. because we cannot be sure which direction dee cornz is going to go in the short term, and even that we could have a lot of uncertainty for many years into the future.

Let's say it this way. I am bullish but I don't want to expect too much from Bitcoin in the short term. Because if I expect too much and Bitcoin doesn't fulfill my expectations, I might be frustrated with that. I am not expecting to happen anything overnight. Even though I have a small portion (compared to most of you guys) of Bitcoin, I still consider myself Bitcoiner. I use altcoins too for various purposes. But, Bitcoin is the only coin that I consider an asset. I hope my standing is clear enough

[JayJuanGee]

I wonder what kind of stuff members would be doing with btc at $500K (10 tril)?
Make plans? Too early? 30 mo is just 2.5 years.

one step at a time bro

a new ATH at 70k next year
maybe 100k gets topped next year.

oh hats off to buddy 28k!

I was actually responding to the post by @OgNasty (without quoting it directly).
I can keep up the idea of both 70-100K next year and 500K in 30 mo in my head simultaneously, especially if it would result in the lack of premature selling at 70K, lol.

OGs do not sell much, if any, cornz within the deadman's zone (do any of uie-pooies need to know what is the deadman's zone?).

Justsaying.

Normies, on the other hand.. are not very smart.. so they do have a wee bit of a tendency to sell der cornz within the deadman's zone.. which tends to not play out very well for them.

[God Of Thunder]

(do any of uie-pooies need to know what is the deadman's zone?).

The dead man zone is the area directly around a bushfire that is likely to burn within five minutes given the current wind conditions or an anticipated change in wind direction. The distance this zone extends from the firefront is highly dependent on terrain, windspeed, fuel type and composition, relative humidity and ambient temperature, and can range from under 100 metres (330 ft) to well over 1 kilometre (3,300 ft).[1]

 

Now please explain the WO version of Deadman's zone.

[JayJuanGee]

By the way,..... I would like to mention:

Some of you may know that a bit over a week ago, Binance US had stated that it may lose its banking services, so it suggested that either people withdraw their USD or convert them over to USDT.

I converted all mine over to USDT and then re-established my buy/sell orders on Binance US as part of the BTC/USDT pair, and so it was a bit strange that about 3.5 hours ago (calculated from the time of this post), I was waiting for my sell order at $28,900 to fill, and then all of a sudden all of my orders filled from $28,900 all the way up to $129,400... .. and there was some kind of a fat finger or something, and then the price moved back down to $28,800-ish... so I bought back all the BTC that I had sold (plus a little extra), and reset my BTC sell orders and also ended up with some extra USDT out of the deal, too.. ..  I don't really want to disclose the amounts, but it surely adds up... and I have not exactly added it up.. I suppose that I could do some math at some point.

I would have had my BTC sell orders (with the USDT pair) up to $150k; however, at the time that I set my orders (maybe a week and a half ago), their system did not allow me to set sell orders higher than $130k... but this fat finger, or whatever it was, had ended up buying bitcoin all the way up to $138k. .. When I just reset my sell orders, it allowed me to set them up to $145k... so usually those kinds of fat fingers do not happen twice, even though sometimes some variation of them can happen when the order books get cleared out like that.. or who knows what caused such a thing?

The market and the orders on Binance US's BTC/USDT pair seem to be working normally now, and it is difficult to know what caused such a spurt in the price.. whether a bug, a fat finger, or just very illiquid markets.. or even manipulation?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hisslyness]

By the way,..... I would like to mention:

Some of you may know that a bit over a week ago, Binance US had stated that it may lose its banking services, so it suggested that either people withdraw their USD or convert them over to USDT.

I converted all mine over to USDT and then re-established my buy/sell orders on Binance US as part of the BTC/USDT pair, and so it was a bit strange that about 3.5 hours ago (calculated from the time of this post), I was waiting for my sell order at $28,900 to fill, and then all of a sudden all of my orders filled from $28,900 all the way up to $129,400... .. and there was some kind of a fat finger or something, and then the price moved back down to $28,800-ish... so I bought back all the BTC that I had sold (plus a little extra), and reset my BTC sell orders and also ended up with some extra USDT out of the deal, too.. ..  I don't really want to disclose the amounts, but it surely adds up... and I have not exactly added it up.. I suppose that I could do some math at some point.

I would have had my BTC sell orders (with the USDT pair) up to $150k; however, at the time that I set my orders (maybe a week and a half ago), their system did not allow me to set sell orders higher than $130k... but this fat finger, or whatever it was, had ended up buying bitcoin all the way up to $138k. .. When I just reset my sell orders, it allowed me to set them up to $145k... so usually those kinds of fat fingers do not happen twice, even though sometimes some variation of them can happen when the order books get cleared out like that.. or who knows what caused such a thing?

The market and the orders on Binance US's BTC/USDT pair seem to be working normally now, and it is difficult to know what caused such a spurt in the price.. whether a bug, a fat finger, or just very illiquid markets.. or even manipulation?

It is difficult to conclude without knowing the amount of Bitcoin, but i do hope it was significant amount for you! I mean we do see flash crashes every now and then, why not the opposite...

[machasm]

By the way,..... I would like to mention:

Some of you may know that a bit over a week ago, Binance US had stated that it may lose its banking services, so it suggested that either people withdraw their USD or convert them over to USDT.

I converted all mine over to USDT and then re-established my buy/sell orders on Binance US as part of the BTC/USDT pair, and so it was a bit strange that about 3.5 hours ago (calculated from the time of this post), I was waiting for my sell order at $28,900 to fill, and then all of a sudden all of my orders filled from $28,900 all the way up to $129,400... .. and there was some kind of a fat finger or something, and then the price moved back down to $28,800-ish... so I bought back all the BTC that I had sold (plus a little extra), and reset my BTC sell orders and also ended up with some extra USDT out of the deal, too.. ..  I don't really want to disclose the amounts, but it surely adds up... and I have not exactly added it up.. I suppose that I could do some math at some point.

I would have had my BTC sell orders (with the USDT pair) up to $150k; however, at the time that I set my orders (maybe a week and a half ago), their system did not allow me to set sell orders higher than $130k... but this fat finger, or whatever it was, had ended up buying bitcoin all the way up to $138k. .. When I just reset my sell orders, it allowed me to set them up to $145k... so usually those kinds of fat fingers do not happen twice, even though sometimes some variation of them can happen when the order books get cleared out like that.. or who knows what caused such a thing?

The market and the orders on Binance US's BTC/USDT pair seem to be working normally now, and it is difficult to know what caused such a spurt in the price.. whether a bug, a fat finger, or just very illiquid markets.. or even manipulation?

Nice one JJG

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

https://www.youtube.com/watch?v=Wi60tvRwRlE

One thing for sure, those poor souls did indeed have the true Titanic experience and then some.

There is another incident in Mediterranean Sea where a boat carrying 750 migrants from different countries got sunk, only few survived while 500 still missing and are not believed to be dead. The boat has small kids on board too.

Irony is that survivors saying that Greece Coast guards were seeing the boat sinking but they didn't came for rescue. They were gong illegal but at-least the coast guards can rescue them from death and send them back to there countries.

With these people too many dreams of living a prosperous lives in EU got sunk in the Mediterranean sea.

https://www.bbc.com/news/world-europe-65942426

[Stavri]

[OutOfMemory]

Billions don't make you happy inside, they also don't give your life a (better) meaning.
No matter how much worth people had, some ended their life through suicide.

Hmm, I do believe that inner peace is important but sometimes it makes me really curious that a poor always anticipate money can fix everything which is also a familiar fact.
It really depends on the people in your circle.

To live peacefully we don't need Billions of Millions
Reflection of Million and Billion never let you live peacefully.

Right.
And here is the secret for happiness: Personal relationships of good quality. Share laughs, cries and love with people you are connected to.
Things and wins only make you happy for a short time.  You experience a dopamine boost, then comes the fall.
A manager i came to know once said to me that if you get over your successes in a humbly, quiet way, it won't deplete your dopamine and you're already set up for the next win.

/wiseass-offtopic-mode off

What's Bitcoin doing? Another bull trap? Many signals start pointing to an uptrend to suggested $30k, short consolidation followed by extended bullrun onset.
Historically spoken, $30k should be in when my monthly DCA fires, which is followed by the suggested correction shortly after    

https://www.youtube.com/watch?v=Wi60tvRwRlE

One thing for sure, those poor souls did indeed have the true Titanic experience and then some.

There is another incident in Mediterranean Sea where a boat carrying 750 migrants from different countries got sunk, only few survived while 500 still missing and are not believed to be dead. The boat has small kids on board too.

Irony is that survivors saying that Greece Coast guards were seeing the boat sinking but they came for rescue. They were gong illegal but at-least the coast guards can rescue them from death and send them back to there countries.

With these people too many dreams of living a prosperous lives in EU got sunk in the Mediterranean sea.

https://www.bbc.com/news/world-europe-65942426

While the data and witness reports revealed in the current investigations point to the coast guard being responsible for the ship tipping over by trying to tow them off international waters. just sayin...

[BitcoinBunny]

UK inflation holds at 8.7% despite all the interest rate increases so far.

I expect the Bank of England to go with a 0.50 raise tomorrow taking the base rate to 5%.

The housing market is collapsing regardless as new mortgage rates are above that, 6+%.