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

[yugo23]

The question is in which direction do we head from here? How long this bearish sentiment will carry on?

Wrong question.

If we go up: well it's a good thing your assets have more value.
If we go down: well it's a good thing, your accumulation phase can be a bit longer and you'll accumulate more assets.

That's the good thing with BTC. No matter the direction, it's good news.

[1713465487]

1713465487

[Last of the V8s]

Now inb4 Last of the V8s
who really has very few mates.
Too much ranting you'd think
Thinks his shit doesn't stink
That noob well-christened 'Vastly Lates'.

[HairyMaclairy]

Whose statistical methods were quite airy-fairy

With that appropriate introduction, I would like to welcome our new friend.  The 100 month moving average, sitting at the extraordinary value of $1,623. 

[El duderino_]

https://twitter.com/gaborgurbacs/status/1088173233722089486

BTC doesn't care for ETF were and when's

[El duderino_]

https://twitter.com/MoonOverlord/status/1088184024395325446

BUY BITCOIN ON THE CHEAP WHILE YOU STILL CAN

[El duderino_]

https://twitter.com/MrJozza/status/1088316400115027969

[LFC_Bitcoin]

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

I hope you’re all buying whilst the price is this low gentlemen!

[El duderino_]

https://twitter.com/RedditBTC/status/1088366110997663745

[El duderino_]

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

I hope you’re all buying whilst the price is this low gentlemen!

and I just hope not the wrong people are buying (so many doesn't deserve BTC @these cheap prices), just hope they are not buying yet, and will just start @ little pre next ATH or something.....
then get rekt a little and so on .....
having a good morning, a good coffee, but have to visit that place again maybe were they make those special print on top of my COFFEE
little hopium injection of the day

[yugo23]

https://twitter.com/MoonOverlord/status/1088184024395325446

Well I'd quite like that.
It means we still have a few months of price dumping. So I got a few months to buy more coins. And at an even lower price. I'm all for it.
This seems a bit too reasonnable though.

EVERYONE is expecting the halving to have a huge impact... I wonder if that will be the case considering if anyone takes something for granted, it means the opposite might happen on a market.

[DeathAngel]

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

I hope you’re all buying whilst the price is this low gentlemen!

Now is definitely the time to buy. Think of it this way - Let’s say you have $10,000 in a fiat savings account. It will earn maybe 2% interest per year (if you’re lucky).

There are good & bad times to buy bitcoin. Buying at what seems like the bottom or at least close to the bottom of a cycle after a new ATH it definitely a good time.

Let’s say you put half of that $10,000 into bitcoin now. I think it’s safe to assume that you’re very, very likely to see that money outperform your fiat savings account by a big % 12-18 months from now.

[El duderino_]

^^
yeah BTC has its very VERY unpredictable ways of behavior, but the halving will have its impact @some point, maybe not as suggested there, or how 1000 other guys are suggesting it, but it will have its impact @ some point, for us HODLERS only one thing important
sit on top of our stashes, increase while their cheap and when its possible to increase some

[El duderino_]

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

I hope you’re all buying whilst the price is this low gentlemen!

Now is definitely the time to buy. Think of it this way - Let’s say you have $10,000 in a fiat savings account. It will earn maybe 2% interest per year (if you’re lucky).

There are good & bad times to buy bitcoin. Buying at what seems like the bottom or at least close to the bottom of a cycle after a new ATH it definitely a good time.

Let’s say you put half of that $10,000 into bitcoin now. I think it’s safe to assume that you’re very, very likely to see that money outperform your fiat savings account by a big % 12-18 months from now.

2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account

[yugo23]

2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account

Banks are shit but still 2% is rather common.

I got 3% and it's not under heavy conditions and it's rather risk-free. But if you consider inflation it's only a 1/1.5% net gain.

So BTC wins anyway.

[El duderino_]

^
yeah thats it with inflation I think we lose on saving @the moment .....

[kenzawak]

Jan Van Eck explained on CNBC that the current state of the SEC due to the ongoing US government shutdown meant negotiations would only reopen at a later date.

https://youtu.be/Xd9r3ARDUNA (it's a 2 minutes interview)

"Instead of just trying to slip through, we had the application pulled, and we will refile and reengage in the discussions when the SEC gets going again."

He also admits in the video that some more meetings would have been necessary to convince the SEC but that wasn't possible due to the shutdown.

[ophyrim]

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

I hope you’re all buying whilst the price is this low gentlemen!

Agree we don't need An BTC ETF. With or without ETF we are going to see 100k + USD according to nearly all prediction models and regression analysis at the next bull run bubble. They can not stop it. In addition, a global economic crisis which is near will accelerate the period.
Buy as much as you can at these prices.

[DeathAngel]

2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account

Banks are shit but still 2% is rather common.

I got 3% and it's not under heavy conditions and it's rather risk-free. But if you consider inflation it's only a 1/1.5% net gain.

So BTC wins anyway.

My UK ISA is 1%.
I was just saying 2% as a macx hence ‘if you’re lucky’.

Agree we don't need An BTC ETF. With or without ETF we are going to see 100k + USD according to nearly all prediction models and regression analysis at the next bull run bubble. They can not stop it. In addition, a global economic crisis which is near will accelerate the period.
Buy as much as you can at these prices.

I’ll drink to that!

[Ibian]

2% of actual increase on top of the 10K, what country, planet are you from..... we have to pay for having a bank account, and probably the time will come we have to pay, to may save money on a/that bank account

Banks are shit but still 2% is rather common.

I got 3% and it's not under heavy conditions and it's rather risk-free. But if you consider inflation it's only a 1/1.5% net gain.

So BTC wins anyway.

I get exactly 0%. And inflation is well over your 2%. What planet...

[RivAngE]

Okay time for conspiracy-theory! This is mine,

They want to use the ETFs to manipulate the price by buying futures before buying millions of $ in BTC to raise the price, then they short the ETFs and sell all their BTC to crash the price. Finally they cash out on ETFs.
Combine this with the manipulation of news and you can see how the rich can control everything.

Their only problem is that Bitcoin's futures don't have much volume right now, so they can't do a multi-million manipulation... they would only trade against themselves.
This could change with the approval of ETFs, but before that they want to buy as many cheap BTC as possible to have something to sell after they short.
So what I'm seeing right now is that we're in the phase they're accumulating, but in order to keep the prices low they're playing with the news and control the SEC's approval.


One way with which they might have managed to drive us in this situation is by making people believe that ETF = Moon.
This propaganda was easy to spread, they were ready to buy a lot of Bitcoins the moment the news of an imminent approval to raise the price and ready to dump them when they'd release news of delays.
After a while people started believing that the Bitcoin's price is relevant to ETFs, but as it's already said....

We didn’t need an ETF to see the price close to $20,000 so I assume we won’t need one to touch the next ATH. Fuck the SEC & fuck authority. They fear the beast that bitcoin will become.

In any case, people will keep selling their Bitcoins cheap based on irrelevant news.

Unfortunately, THIS IS A WAR and if we want to win this, the first step is to accept there's an enemy; then realise the weapons in the enemy's arsenal and finally finding counters to these weapons.