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

[ineededausername]

Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.

Also the 2011 bubble inflated much higher, much faster, for much less reason. This time there was a lot of reason for a decent rise, and it rose less and slower. It just makes sense that it would fall less far in the aftermath.

Agreed.

[1715081450]

1715081450

[1715081450]

1715081450

[1715081450]

1715081450

[Frozenlock]

Another 900 BTC sold.

[ineededausername]

who keeps dumping?

[ElectricMucus]

Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.

Also the 2011 bubble inflated much higher, much faster, for much less reason. This time there was a lot of reason for a decent rise, and it rose less and slower. It just makes sense that it would fall less far in the aftermath.

Agreed.

No.

The April spike went truly hyperbolic, in contrast to 2011 and 2012 which were both exponential.
Then the situation is now is different than 2011 and 2012 in another way: In 11 we had fairly decent ask side in relation to bids which is now pathetic in relationship and in 12 we had massive bid walls popping up occasionally and the correction was caused by a ask wall, all with relatively low trading volume. Now we need volume and big time in order to break out of the sideways movement because both the top and the bounce had so much of it.

It is those who have enough ammunition to make the necessary market orders who will decide the outcome this time.

[ChartBuddy]

[ErisDiscordia]

University will hopefully open your eyes some.

Attending university is one of the best ways to get brainwashed by the status quo  

You got that right. Just about everything I learned at university I later found out was partly or completely wrong, or "not even wrong," just plain incoherent wordspinning.

What's most amazing is that everyone knows government subsidies make a business lazy, bloated, inefficient, and cause it to optimize for playing little games to rope in endless amounts of additional funding. Yet no one notices that this is exactly what universities do, at least whenever they can get away with it. Engineering is perhaps the only subject where it's a bit harder to get away with this and you might actually learn something. Building bridges that crumble is kind of bad PR after all.

This isn't to say college is a waste of time; go for the socializing, sex, partying, connections, and conversations with smart people, skip the classes unless you have a morbid interest in mainstream BS (or if you want to familiarize yourself with it for debating purposes). If you want to learn, at the very least do so in a context where you can get plenty of conflicting voices, like a relatively unmoderated forum. A lecture hall is antithetical to this, even if they were teaching something real and not state-sponsored, like Austrian economics.

I was gonna say something more on this topic but then I remembered it has all been said much more eloquently than I could say it already:

https://www.youtube.com/watch?v=AMqJvhmD5Yg

[ChartBuddy]

[adamstgBit]

LMAO 

[ChartBuddy]

[molecular]

In case we put in a dip down to 115, would that technically make it a "tripple bottom"?

[Rampion]

Given the current stability, I'm hesitant to characterize this as a 2011 burst rather than a late 2012-type correction.

Also the 2011 bubble inflated much higher, much faster, for much less reason. This time there was a lot of reason for a decent rise, and it rose less and slower. It just makes sense that it would fall less far in the aftermath.

And everything happening post-crash is extremely positive. On the contrary, everything that happened post-2011 crash was negative.

[rezurect]

In case we put in a dip down to 115, would that technically make it a "tripple bottom"?

A bounce from 115 makes it a tripple bottom, breaking 115 invalidates the previous double bottom support, i think so.

[Jaroslaw]

quick we need reptelia guy intervention with his unlimited money. 115$ is in danger

[fr33d0miz3r]

quick we need reptelia guy intervention with his unlimited money. 115$ is in danger

but you're also have unlimited money. help us!

edit: stop. don't help. I want my cheap coinz

[Jaroslaw]

quick we need reptelia guy intervention with his unlimited money. 115$ is in danger

but you're also have unlimited money. help us!

edit: stop. don't help. I want my cheap coinz

im opposite to reptelia guy, he have unlimited money i have unlimited bitcoinz

[ChartBuddy]

[wonkytonky]

I wonder where all the fiat goes.. after so many  dumps the last weeks..      is it sitting there..?
is it moved way.. ?

[Miz4r]

I wonder where all the fiat goes.. after so many  dumps the last weeks..      is it sitting there..?
is it moved way.. ?

Some of it will move away to pay bills, buy a new car, whatever. And some will stay and wait to buy back in cheaper.

[Rampion]

I wonder where all the fiat goes.. after so many  dumps the last weeks..      is it sitting there..?
is it moved way.. ?

Some of it will move away to pay bills, buy a new car, whatever. And some will stay and wait to buy back in cheaper.

And some other went to buy ASICs. You know, when you buy one Jalapeño is OK to pay with BTC. But when you make a significant buy as a company, you need an invoice and you need to justify the amount on the invoice with a bank transfer of the very same amount.

There's still no way to do this with Bitcoin.

[sarc]

Interesting to look at bid sum/ask sum recently. Note: not only does it appear to be going straight to hell at the moment, but also that for the first time since the beginning of last year at least, there's very little correspondence between it and the price. Sign of attempted price manipulation?

Summary: it's going to hell before rising from the ashes later.  Possibly.