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

[LoyceV]

As LoyceV didn't dig on Merit statistics

My script is still running, you'll get a WO-only version of my full Merit data analysis including graphs

[wwzsocki]

...I think the price will fall down (the last opportunity to buy cheap BTC  ) to the support level of 10.300$ and from there will start to go up again...

As for now the price almost dropped to 10.300$ and everything looks like we will see uptrend again. To be honest, I hope that we will see new ATH again, but with BTC can't sure.

Different indicators show different readings and traders are divided too. I see people talking about new lows and new highs in the price discussions on social media.



For me, 4 hours chart looks bullish and the BTC price should go up to the resistance on 11.300$. We see an obvious flag formation and if it's going to be broken up, then there is a big chance for a strong bull run. Or we are facing a completely opposite scenario when the flag formation will be finished with a break from the bottom.

[deepcolderwallet]

Not to mention he (Stolfi) spends his own free time writing to the SEC in their comments section how shit bitcoin is on every single ETF proposal.

Why didn’t he just buy loads of bitcoin & HODL. He was aware of bitcoin early, he’d be a multi millionaire now & not a sad wanker.

I don't remember Stolfi's exact political leanings, but I think much of what he said revolving around some form of collectivist ideology.  People like Hairy McJew and JoJoWhatever in this thread are probably even more collectivist than Stolfi and want socialist systems, but they're simultaneously such greedy scamming Jews that they'll attempt to become involved in any type of financial Ponzi scheme possible even if it completely goes against anything they believe solely at an attempt at swindling out some type of personal gain.

I personally do not blindly worship our current economic system erroneously labeled capitalism - even though it's not possible to have capitalism if you have a central bank - for many of the same reasons Hitler didn't worship capitalism.  If your whole country through unrestrained capitalism becomes entirely FOREIGN owned by FOREIGN shareholders who then use your citizenes as indentured servants, what good is capitalism for you then?  Your only option then is to exterminate the slave masters and take it back to not be slaves.

This is why the whole "national socialism" thing had actual traction.  They claimed if they got rid of the Jews and went back to business as usual it would just all happen again.  If the so called "final solution" actually succeeded, I'm not sure exactly how that's possible, but whatever.  The bottom line is that a nation is solely a grouping of common ethnicity and culture, so there's no reason to allow foreign Arabic, Chinese, Jews, whoever to own land or companies in a white country, but capitalism should work out relatively okay internally as long as you block things like that.

Stolfi is another communist who backs Brazilian Workers Party (PT) as an "intellectual". Piece of shit.

[fillippone]

As LoyceV didn't dig on Merit statistics

My script is still running, you'll get a WO-only version of my full Merit data analysis including graphs

I bend the knee to the kind of Data Crunching/Merit Munching.

[d_eddie]

Bitcoin, Facebook and the End of 20th Century Money

-snip-

Whether or not Libra succeeds, it confirms the inescapable reality that international money movements in the digital era will be based on blockchain-like solutions that disintermediate the existing gatekeepers and challenge the bank-and-sovereign money-dominated model of the 20th century. It also underscores how we are moving into an age of digital assets.

Transition to digital assets all right, but Libra for the plebs seems to have little relation to a blockchain as we  know it. Maybe the "investor token" will be more like it, but it doesn't mean much to me since I don't run one of their permissioned nodes. It could still be good for bitcoin, but the world is too complex to place early bets IMO.

I like Arthur Hayes's take: Libra is an ETF in disguise, except you don't get dividends if it appreciates - you just get a discount on goods and services bought with it.

As it is now, it just looks like a way to replace some old gatekeepers with new ones.

[d_eddie]

there's no actual continuity making the whole system just a confidence game (garbage).

 Opinion noted. Go back far enough, and you'll know what the original chain was, before all the BSV and BCH politicking fractured everything. I dislike using the term Bitcoin Core, as that's what BSV and BCH supporters use as slurs, but it's the original Bitcoin as far as Wall Street and most of the populace are concerned.

 I don't see any Layer 2 maturity with either BSV or BCH.

QFT

We only need to use the specifier 'Core' when discussing with people who intentionally call shitcoins 'bitcoin' to muddy the waters.

I also agree with the 'no Layer 2 maturity' bit. But surely there's no need for Layer 2 if the highway is wide enough? The grapes are too sour to eat.

+1 WOsMerit

[vroom]

I found something strange. you guys already know https://keys.lol/ . On page 1 ( https://keys.lol/bitcoin/1 ) there is an address with a 4 week old transaction:

https://www.blockchain.com/btc/address/1LWsLyY2j2mPtYcG9yG2bDFwTWryiJL6sp

someone is stupid enough to use a wallet with a public known private key? perhaps I should monitor these known addresses and automatically transfer away incoming amounts?

[fillippone]

I found something strange. you guys already know https://keys.lol/ . On page 1 ( https://keys.lol/bitcoin/1 ) there is an address with a 4 week old transaction:

https://www.blockchain.com/btc/address/1LWsLyY2j2mPtYcG9yG2bDFwTWryiJL6sp

someone is stupid enough to use a wallet with a public known private key? perhaps I should monitor these known addresses and automatically transfer away incoming amounts?

For sure someone is already doing that.
Just a matter to fees attached to the exit transaction to determine who claim the funds.

[d_eddie]

NGOs are shipping negroids from the Congo to the southern border of the US

Fuck NGOs. Used to be slavers in the good ol'times. The world makes no sense anymore.

[machasm]

I found something strange. you guys already know https://keys.lol/ . On page 1 ( https://keys.lol/bitcoin/1 ) there is an address with a 4 week old transaction:

https://www.blockchain.com/btc/address/1LWsLyY2j2mPtYcG9yG2bDFwTWryiJL6sp

someone is stupid enough to use a wallet with a public known private key? perhaps I should monitor these known addresses and automatically transfer away incoming amounts?

That is interesting. Perhaps it is an old address that someone used to dump miner revenue into or something of that nature that he forgot to update? It looks like the coinage didn't stay in there long before it was moved. Only about 15 mins. Either the owner realised his mistake and moved it pronto or someone else did exactly as you said!

[hv_]

PM Asteroid Observer

Big sell wall incoming for gold 

https://www.thesun.co.uk/tech/9378480/giant-golden-asteroid-psyche-61-billionaire-nasa-2022/

 

[Paashaas]

Bitcoin price hits $76,000 on Zimbabwe LocalBitcoins.

https://bitcoinist.com/bitcoin-price-hits-75000-on-zimbabwe-localbitcoins/

[ivomm]

Bitcoin price hits $76,000 on Zimbabwe LocalBitcoins.

https://bitcoinist.com/bitcoin-price-hits-75000-on-zimbabwe-localbitcoins/

Tomorrow I will buy a ticket and fly there. 

[fillippone]

Bitcoin price hits $76,000 on Zimbabwe LocalBitcoins.

https://bitcoinist.com/bitcoin-price-hits-75000-on-zimbabwe-localbitcoins/

Looks like Bullshit to me.
A couple of guys want to SELL Bitcoin for 75,000 USD.
So what? I could sell 1 BTC for 1,000,000 USD, but this don't make BTC trading at those level.

Please correct me if I am wrong.

[d_eddie]

No moon without bumps. Easy, gentlemen, hold fast.

[_javier_]

I see red everywhere.. and i dont like it.
It seems the bull momentum is lost, and the big sellers are winning. 

Please, pass me the hopium. I am in need..

[mindrust]

No moon without bumps. Easy, gentlemen, hold fast.

Next year today the newly generated daily coin supply will be half of what it is now.

Would I go all in now? No.
But I didn't do it even when it was 5k or 4k.

Keep DCA'ing its on fire sale. %50 down from the ATH. Screams like "DCA me!"

aand 10590

***
https://www.bitcoinblockhalf.com/
***

[babo]

Next year today the newly generated daily supply will be half of what it is now.

Would I go all in now? No.
But I didn't do it even when it was 5k or 4k.

Keep DCA'ing its on fire sale. %50 down from the ATH. Screams like "DCA me!"

aand 10590

where is this website? can you share the link please? war clock is amazing for this scope

thank you in advance

[fillippone]

Next year today the newly generated daily supply will be half of what it is now.

Would I go all in now? No.
But I didn't do it even when it was 5k or 4k.

Keep DCA'ing its on fire sale. %50 down from the ATH. Screams like "DCA me!"

aand 10590

where is this website? can you share the link please? war clock is amazing for this scope

thank you in advance

Babo asks, Fillippone provides:
https://www.bitcoinblockhalf.com/

[ivomm]

Come on, weak hands, continure to sell. You pave the way for a new ATH, just without you! I know pretty well their mentality: "(staring the chart 24/7) Jan-March. "I will wait for prices 2K".... May. "I will wait for 6k"... June. "It is over 13K, I should buy now. It is going to 20K"... One day later, still staring at the chart: It looks awful. I am doomed! I should cut my losses 25% below my investment, because there is no chance  to get near that price ever again".

So, my question for the n00bs is: what are the odds of not reaching 14K again especially after the halving, provided that we hit that price twice already - in 2017 and 2019? I would say pretty close to 100%. I just wonder how the weak hands always lose money joining in massive pumps that usually end bad with a sudden drop and then selling not 1 or 2% but 25-40% and even 84% below their investment point. With such mentality, poverty is knocking on their doors.
...

Regarding the current situation, I think bulls are waiting for the volume to normalize by shaking off the weak hands. This may take some time - from several days to several months. But first, there is a chance for a double bottom at 10300-10500 area and then - boom! A new bull run with series of AYH's. For now RSI shows oversold, and probably bears have no power to destroy this support. But even if they succeed,  I don't think that falling below 10K is bad, since the fools and weak hands will be completely removed and new investors with strong hands will come. I judge from my friends. Finally, they came to the conclusion to invest in Bitcoin and store it on HW, not on exchanges. They are hoping for prices like 6K, but I told them not to wait that much.  Only insane people will sell at 6k, seeing what happened this year.