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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[promise444c5]

Shorts are pilling up as expected… maybe it’s time they also get a taste of some real  liquidations

[ChartBuddy]

Explanation
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[vapourminer]

You likely did not feel stress free with your bitcoin in your first whole cycle buying bitcoin, even though we came to find  out that we could have invested a whole cycle in the past and then we could stop investing.  Now days, there are likely needs for most folks to invest into bitcoin 2-3 cycles or even more to really get to a point in which their bitcoin investment might start to feel less stressful, and not even that is guaranteed.

thats true. my 1st crash (~70%) was like, holy shit wtf haha does it do this all the time?

answer: yes

i guess you literally just get used to it?

for a long time i was playing with "house money" i guess youd say (ie front loaded via mining) so by the time btc was getting more notice (like around 2013 maybe?) and i had seen the crazy volatility before my btc stacks fiat value was really noticeable.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[UnDerDoG81]

As a longterm holder who has no idea how margins and leverages etc. work, this small correction felt like any other to me. But the more I check crypto related forums and groups the more I realize how big this seems to be. I’ve seen posts now about suicides and 100% liquidations etc. it’s crazy. To me this felt like a small hiccup in comparison to the Covid, mtgox or FTX crashes. In moments like this I’m happy that I just hold and have no understanding of leverage and all that stuff.

I’ve taken some profits at 125k but not as much as planned. The plan was to sell 10% of my Btc in this bull market and sell 1% at each 10k+ level eg. 120k = 1% - 130k = 1% etc. was only able to sell 0.6% at 120k levels.

Mainly because I’m worried about Binance freezing my account if I sent too much Bitcoin at once there. So I send always 10% of what I want to sell in total. How common is the account freezing and proof of funds? My Binance account is 4-5 years old and is kyced. My Bitcoins were bought in 2013 from Mtgox mostly. And some from Bitstamp. I’ve used that Binance account for a lot of sells and trades. I wish to sell large amounts at once instead of small fractions.

[Wakate]

As a longterm holder who has no idea how margins and leverages etc. work, this small correction felt like any other to me. But the more I check crypto related forums and groups the more I realize how big this seems to be. I’ve seen posts now about suicides and 100% liquidations etc. it’s crazy. To me this felt like a small hiccup in comparison to the Covid, mtgox or FTX crashes. In moments like this I’m happy that I just hold and have no understanding of leverage and all that stuff.

I’ve taken some profits at 125k but not as much as planned. The plan was to sell 10% of my Btc in this bull market and sell 1% at each 10k+ level eg. 120k = 1% - 130k = 1% etc. was only able to sell 0.6% at 120k levels.

Mainly because I’m worried about Binance freezing my account if I sent too much Bitcoin at once there. So I send always 10% of what I want to sell in total. How common is the account freezing and proof of funds? My Binance account is 4-5 years old and is kyced. My Bitcoins were bought in 2013 from Mtgox mostly. And some from Bitstamp. I’ve used that Binance account for a lot of sells and trades. I wish to sell large amounts at once instead of small fractions.

Not key not your coin! People are losing thousands of dollars to this mother fucking exchanges.

Holding in your own wallet is the key!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[UnDerDoG81]

As a longterm holder who has no idea how margins and leverages etc. work, this small correction felt like any other to me. But the more I check crypto related forums and groups the more I realize how big this seems to be. I’ve seen posts now about suicides and 100% liquidations etc. it’s crazy. To me this felt like a small hiccup in comparison to the Covid, mtgox or FTX crashes. In moments like this I’m happy that I just hold and have no understanding of leverage and all that stuff.

I’ve taken some profits at 125k but not as much as planned. The plan was to sell 10% of my Btc in this bull market and sell 1% at each 10k+ level eg. 120k = 1% - 130k = 1% etc. was only able to sell 0.6% at 120k levels.

Mainly because I’m worried about Binance freezing my account if I sent too much Bitcoin at once there. So I send always 10% of what I want to sell in total. How common is the account freezing and proof of funds? My Binance account is 4-5 years old and is kyced. My Bitcoins were bought in 2013 from Mtgox mostly. And some from Bitstamp. I’ve used that Binance account for a lot of sells and trades. I wish to sell large amounts at once instead of small fractions.

Not key not your coin! People are losing thousands of dollars to this mother fucking exchanges.

Holding in your own wallet is the key!

How can I sell for Euros from my own wallet? 95% of my bitcoin is on cold storage. 5% is on smartphone wallet for easy/quick access in case of some unexpected events.

[BitHodlers]

I don't know why even hardened holders are impressed by this momentary 20% crash, which is currently 11%ish from the last ATH. These are normal things even during the most successful 2017 year. There were more and bigger crashes back then. IMO, this increases the chances that in the next weeks we will have a more significant ATH than the previous ant ATH's. If you noticed, every 2-3% jump was immediately neutralized, unlike other traditional assets. The explanation is more than obvious: too many high leverage long positions. However, now that billions of long positions have been liquidated, the resistance will be much less. We need 1 day to get close to the ATH and 1 more to have a new one. The other important question is whether we will have a 2-year winter like so far. The lack of exponential bull market, unfortunately, does not guarantee that we will not see a 50%+ drop from the ATH. However, I think that the previous 4-year cycles are starting to fade. Something like a transition from a temperate climate to a subtropical one. Winter and summer will alternate every year and with smaller amplitudes. The reason is the transition from retail driven market to institutional one. All of this is just my guess, I may be very far from the truth in the end. So if someone has a different view on the matter, I would not argue, all possibilities are almost equally probable at the moment.

Too much talk of $150 to $200k range perhaps. You can't read such thing on a daily basis and not be affected by it, it is not possible. The market was extremely overleveraged and this was a good cleanout.

[Wakate]

Not key not your coin! People are losing thousands of dollars to this mother fucking exchanges.

Holding in your own wallet is the key!

How can I sell for Euros from my own wallet? 95% of my bitcoin is on cold storage. 5% is on smartphone wallet for easy/quick access in case of some unexpected events.

You can sell through P2P market and you can find them online especially the ones that are supported in Europe.

[AlcoHoDL]

Sunday duty calls.
These will be quick 'n' dirty.
Strictly for OGs!

I've never mined corn.
Just some shitcoins on NiceHash.
I envy you guys!

The bull is unleashed.
ATH. The new sideways.
Tumbleweeds ahead!

Emancipation.
Ant decentralization.
Cornification!

35000.
That's 88B8 in Hex.
See what I did there?

The bull is asleep,
Filling his ball sacks with jizz,
For the next orgy!

Don't be too greedy.
Let Laura educate you.
Don't fail the dump test!

#7wodigestsundayhaikus

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LoyceV]

As a longterm holder who has no idea how margins and leverages etc. work, this small correction felt like any other to me. But the more I check crypto related forums and groups the more I realize how big this seems to be. I’ve seen posts now about suicides and 100% liquidations etc. it’s crazy. To me this felt like a small hiccup in comparison to the Covid, mtgox or FTX crashes. In moments like this I’m happy that I just hold and have no understanding of leverage and all that stuff.

One word: greed! It's just like gambling: it's very easy to double your money, but it's always slightly easier to lose everything. And that's the reason I don't gamble.
For the same reason, I don't do leverage. It's no doubt a great way to quickly earn a lot of money, or lose everything. If that leads to suicides, they must have been blinded by greed instead of being rational while trading.
As if Bitcoin isn't enough of a roller coaster already while just holding

95% of my bitcoin is on cold storage. 5% is on smartphone wallet for easy/quick access in case of some unexpected events.

Am I the only one who thinks 5% on a phone wallet is way more than it should be? I'd never want more than I'm willing to lose on a phone wallet, and (unless your total stash is really small), I don't think that should be 5%. Unless you're using hardware wallet with your phone, in that case I'll shut up

[Dictator69]

This is purely manipulation and nobody expected this kind of reaction.
The insiders were able to short the market below the fud making big profits. Let them continue this shitty behaviors.

We all know retail does everything and this time exchanges also made money by liquidating prices to the lowest point even some tokens went to zero in this dump but leave that side, future traders deserve that, they should have stick to the buy and hold plan.

Although I heard some big millionaire trader killed himself because of this dump as he lost millions of assets, that got liquidated. I wonder if he really had 60+ million dollars why he has not invested them in bitcoin I guess he wanted to hit 1 billion, these goals, sad for him and for his family though.

[philipma1957]

About shit in here
Shitposting, tolerated
Shitcoining, not

#haiku

is copper a shitcoin? ...more like an industrial metal  

Another reason why u don't have to trust centralized exchanges. They can be very manipulative and log you out when they want to claim all your funds. People had been complaining about this exchange for for her dubious behavior.

Not your key not your coin! Sorry man, your fund might become frozen forever.

This does not belong here

really?

my copper sales and silver sales allow me to have powder for duy the dip and keep the mining going.

in fact i could say if we are going to dip lets see <100k

because of the copper and silver sales buying .1 or .2 btc is easy to do.

[psycodad]

Smiling fat panda
squeezes balls of orange chimpy:
leverage wiped out.

Chimpy throws feces
Panda smiles, swears back at him:
Traders in panic.

Rollercoaster does
what it is supposed to do,
nothing to see here.

If the last dip is
scaring you, bitcoin is not
for your paper hands

In the final end
it will go up forever
as Laura was told

Hannibal will say
that he loves it when a plan
comes together.

Ofcourse this is not
financial advice from me
do your own research.