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

[El duderino_]

Ugly Friday Re-down

Good it’s summer and hot outside… to shaken things of a bit

[Hueristic]

Ugly Friday Re-down

Good it’s summer and hot outside… to shaken things of a bit

Snorkeling weather here, but it beats the fuck out of the heat wave we had.




Bottom in?

[hisslyness]

How to lose money on the short term:

-Follow the financial advice and crap posted by the 80% of W.O, who allways are thinking on bull bull bull.

How to gain money on the long term.

-Just hodl ,and read the remain usefull 20% of W.O.

You must work for MSM because you don’t know what the fuck you are talking about!

Take your delusional merit whoring ass somewhere else you imbecile!

Throwing bullshit stats like that thinking people who live this thread won’t slap you down!

I don’t usually use this tone, but FUCK OFF

[JimboToronto]

How to lose money on the short term:

-Follow the financial advice and crap posted by the 50% of W.O, who always are thinking on bull bull bull or bear bear bear.

How to gain money on the long term.

-Just hodl ,and read the remaining useful 50% of W.O.

ftfy

Trading, especially with leverage, or using derivatives is just stupidity. The manipulators will eat you.

Always take your profits in Bitcoin. Fiat currencies are a sucker's bet.

Simply convert your fiat to Bitcoin whenever you can and convert your Bitcoin to fiat only when you absolutely must.
_____

Edit: Actually 50%/50% tarders to investors doesn't really represent the WO.

It's more like 33% tarders, 33% investors and 34% merit whores.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

No rebound.

No demand.

People still selling.

Weekend slum.

Economic turmoil.

Start kissing whales asses boy's for a FAKE PUMP ore it will tank towards $20k.

Paashaas, was your account stolen or was it sold?

[OutOfMemory]

No rebound.

No demand.

People still selling.

Weekend slum.

Economic turmoil.

Start kissing whales asses boy's for a FAKE PUMP ore it will tank towards $20k.

Paashaas, was your account stolen or was it sold?

$25k was absolutely in the cards, as far as i have read from my favorite (X-)twatter analysts, but they also laid out a post-dip bull scenario.
I'm so not surprised, but time to buy, innit?

In real life regards, poor wifey suffered a cruciate ligament rupture, so i have to take care of the horses for at least a couple of weeks.
Yay! 

[OgNasty]

No rebound.

No demand.

People still selling.

Weekend slum.

Economic turmoil.

Start kissing whales asses boy's for a FAKE PUMP ore it will tank towards $20k.

Paashaas, was your account stolen or was it sold?

$25k was absolutely in the cards, as far as i have read from my favorite (X-)twatter analysts, but they also laid out a post-dip bull scenario.
I'm so not surprised, but time to buy, innit?

In real life regards, poor wifey suffered a cruciate ligament rupture, so i have to take care of the horses for at least a couple of weeks.
Yay! 

For all we know $0 could be in the cards. It is a speculative asset after all. I personally think this is probably the last or second to last dip we’ll see before the price explosion as the halving gets priced in. Anything could happen though. My advice would be to hold onto your BTC though. I think the coming test will be a hard one, but faith should be rewarded.

[d_eddie]

No rebound.

No demand.

People still selling.

Weekend slum.

Economic turmoil.

Start kissing whales asses boy's for a FAKE PUMP ore it will tank towards $20k.

Paashaas, was your account stolen or was it sold?

$25k was absolutely in the cards, as far as i have read from my favorite (X-)twatter analysts, but they also laid out a post-dip bull scenario.
I'm so not surprised, but time to buy, innit?

In real life regards, poor wifey suffered a cruciate ligament rupture, so i have to take care of the horses for at least a couple of weeks.
Yay! 

For all we know $0 could be in the cards. It is a speculative asset after all. I personally think this is probably the last or second to last dip we’ll see before the price explosion as the halving gets priced in.

If we include head fakes in the pre bull dip count, I think we're in for quite a few more. Even 3 or 4. My SOMA system is hard at work to find the exact number of expected dips as a function of the dip threshold.

Anything could happen though. My advice would be to hold onto your BTC though. I think the coming test will be a hard one, but faith should be rewarded.

This. Should be and will be.

[LFC_Bitcoin]

@BritishHodl
I was wondering what might happen to Bitcoin after a Spot ETF Approval.

This is the yearly chart for Gold.

Gold rallied roughly 350% in the 8 years after GLD was approved.

Here's why Bitcoin will rally harder than Gold:

1. Finite supply. You can't just mine more Bitcoin to match ETF demand which is what happened in the Gold Market.

2. Multiples are tighter. Gold requires roughly $1.6bn (according to BofA) to move the Gold market cap by 1%. Bitcoin needs just $93m according to the same research.

3. Bitcoin is increasing it's adoption rapidly and seen as more than a reserve asset.

Safe to say #Bitcoin  would rally much harder than Gold.

How hard? Let's think about it.

If it took $1.6bn to move Gold's market cap by 1% and it takes Bitcoin just $93m.

Just, approximate math here, not a deep dive study.

That means Bitcoin could rise by 76x more over the same period, not taking into account finality of supply.

So if a Bitcoin ETF is approved by $40,000.

Gold went up ~350% in 8 years.

That equals $140,000.

Now, times that by 76 and you get...

$10.64m per Bitcoin over the same period.

Assuming a lot stays the same - which it won't.

And this is without 20+ other considerations to Bitcoin's supply tightening due to demand not being even looked at.

I also think supply constrains FURTHER as the price goes up and more financial facilities come up to generate liquidity without selling.

No one is truly ready for true scarcity.

https://x.com/britishhodl/status/1692560395486073310

[Gachapin]

bart down after 2 months... nothing to see here

go on and fill your bags

[strawbs]

A brief and vague (opsec) life update....

It's been a little challenging in recent times. A new, powerfully charged relationship, amazing at times, desperately hard work at times. Too much to handle for this lover of the peaceful life, and so recently ended. Sad and not sad at the same time, if that makes sense. Still concerned for her welfare though and pondering how much help to provide and in what form. An ongoing conundrum, trying to do the right thing as best I can, while also looking out for myself, something which I may have neglected a little too much this year.

Parents are getting old and with that come many challenges. Again, how much help to give and how much personal life to sacrifice? I’ve gone heavy on the latter, with a great impact on my own quality of life. But it feels like the right thing to do. I’m sure sometime in the future I’ll be glad of the sacrifices I’m currently making, to spend time with them while I can. Life is short, old age is brutal and time with loved ones is priceless. I don’t think I’ll regret my decisions in years to come.

And bitcoin - jeez, thank goodness for bitcoin. Without it, I wouldn’t have been able to have made the decisions I have made. Most importantly, it’s allowed me to provide comfort to loved ones. Bitcoin doesn’t fix all of the above, but it has made things one hell of a lot easier. Being my own bank, my savings buffered from interference by governments and banks and anyone else who would try to dilute my purchasing power or steal the fruits of my labors by some other nefarious means - a real blessing.

Who gives a fuck what the price is right now? It’s ten years from now which really matters. Buy, zoom out, hodl. Simple. Your ageing parents, kids, spouse, friends or anyone else you give a shit about will thank you later. Or they might not, but you’ll thank your younger self. But more than 20% of us here know that already, right  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

This article is retarded AF.
https://coingape.com/bitcoin-btc-price-takes-a-dip-under-26000-why-its-a-buy-on-dips/
[edited out]

Sure.  Perhaps it is retarded, but why?  which parts?  the whole thing? or you just don't like that the BTC price had dipped below $26k?

In other words, which parts of the article do you consider as retarded?  Does the article make any valid points? or is just everything about the article retarded?

I did not read the article in detail in order to try to figure out the "what is retarded" puzzle, yet I did glance over it, and I saw some potentially decently valid points being made (whether I agree with them or not), but it was not obvious on the face of it regarding it being a retarded article.. absent pointing out which part(s), and maybe, perhaps?, I might possibly agree with your conclusion.. perhaps?

#Bitcoin breaks bull market indicators.

Sourch.
$31k price range is strong point.

What do you mean?

We are no longer in a bull market?

By the way, we did not even break below the don't wake me up range (yet), so sure I am getting a little bit excited since we are now in the lower end of the range rather than the middle, but I am having trouble to suggest that we might have  had been in a bull market, and then merely because we have broken down to the lower end of the seemingly current consolidation range that we might have left the bull market.  Is that what you mean?

Or maybe you do not even know what you are saying since I see that you have both quoted a twitter source, and you also posted the words in the twitter post that cause some confusion about whether those are your words or they come from the twitter source.. and I had to click on the link in order to see that you were using the words from the twitter post in order to put that in your post...

Oh?  #amateur 

Maybe you feel like you did adequately in your post, and I suppose that the hashtag also applies to Bawb's lack of explanation post.

[Hyperjacked]

Interesting dilemma … catch the knife and buy at 26,000$ or wait …very tempting… buy imo
Cheers Hodlers

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

Ugly Friday Re-down

Good it’s summer and hot outside… to shaken things of a bit

I always prefer the Pumping Stifler Gif.
I know I can stack more sats like this, but bull markets are great for the memes.

Much needed Hopium from @Planb

[philipma1957]

Interesting dilemma … catch the knife and buy at 26,000$ or wait …very tempting… buy imo
Cheers Hodlers

l got some at 27
I got some at 26

and I will get more later tonight

[JayJuanGee]

4 hour RSI reached a historic low of 6!

4 hour?  is that very helpful? 

what about daily, 3d or weekly? 

How do those longer term charts look in terms of the mumbo-jumbo indicators that may or may not end up playing out correctly?

When you wake up in the morning and you don't care if Mr. Mars dawned with a red or green dildo, and whether some big Chinese company failed, that's probably priceless

It can take quite a while for anyone to get to such a point that s/he is not bothered/excited by seemingly BIG ass candles, even if s/he has been practicing for a long time.

[edited out]

Sure the classic "it takes money to make money"

Ie if I had 5 million in asset A and 20 BTC.

 I could give no cares about the 20 BTC as it is under 10% of my wealth.

If I have 1 million in total assets and 20 BTC is within the 1 million I would be nervous about that 20 btc as it is ½ my wealth

Well?  We haver price performance, but we also have time, and if we have enough time, then if we have identified an asset that may well be able to perform well in the market to either keep its value or to go up in value, then we can invest small amounts in order to contribute towards greater potential that whatever value that we put into the investment at earlier points in time will have decently good chances of both going up in value and potentially having some compounding affects upon itself in terms of the appreciations of price get rolled into the base in order to contribute towards a kind of magnification of value appreciation of such asset...

in this case we are considering that bitcoin likely fits into such a category of a fundamentally strong investment that is likely to out perform other assets in the market.

Hey JJG Is it Thursday yet?

Sorry for your loss.

You snooze, you loose.


Gotta work on your timing and get it a wee bit MOAR better.

 

#Sucks to be uie pooie.

Notice how we could be at 50K if it weren't for all the cunt scamming coins.
 
Probably even higher if it weren't for fucking bearded apes and whatever other tripe out there.

Yeah..

Let's just hypothesize the elimination of all things we believe to be potentially negative on BTC's price location, and then see where that gets us.

That deserves its own eyeroll... unless you were merely eyerolling ur lil selfie?

 

Probably even higher if it weren't for fucking bearded apes and whatever other tripe out there.

I blame Kurt Wuckert Jr.

Humor is a good sign.

[JimboToronto]

For all we know $0 could be in the cards. It is a speculative asset after all.

 

While for many (perhaps most) it may be a speculative asset, there are many who use Bitcoin for practical reasons.

It is still the fastest and cheapest way to send money around the world.