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

[jojo69]

Anyone else feel like getting blackout drunk?

way ahead of you man

[dragonvslinux]

After a 38% drop yesterday, an appropriate time to post what is believed to be the first ever HODL meme:



Source: https://bitcointalk.org/index.php?topic=375643.msg4023137#msg4023137

On the flipside, just noticed by m₿ p/h at work for dollar cost averaging has nearly doubled  

[Hyperjacked]

Gold is down too.. So are dow futures..
Where is the money going?

It's going in the smart money's pocket  

[HI-TEC99]

Gold is down too.. So are dow futures..
Where is the money going?

It's going in the smart money's pocket  

It's being spent on toilet rolls. The toilet roll whales are cleaning up.

[marcus_of_augustus]

Gold is down too.. So are dow futures..
Where is the money going?

It's a good question. ans: USD

... the demand for USD is so high that the repo market froze up. Fed had to pump in first $150billion then upped that to $500 billion (rolling over in a month) another $500 billion rolling over in 3 months and promises for another $500 billion cash in a months time.

bottom line, there is a YUGE bubble in USD fiat and everything else is getting dumped.

Only time can tell where it goes from here. Place your bets, USD fiat, stocks, bonds, crypto, land ... nobody knows the value of anything any longer but they are trained to shelter in USD when they are scared so that's what they do ... even though it is a shared illusion of value.

Fortune favours the brave.

[jbreher]

Pulling coin off exchanges.  I don’t want them going under.  Will leave filthy fiat on exchanges.  

Not having a lot of coin on exchanges is just generally a good idea.

But I sense a logic fail.

High volume means exchanges are making money. Lots. How could this lead to them 'going under'?

Unless you're dealing with a partial reserve fraudulent exchange. Don't do that.

[shasan]

Do not sell your holding, just wait and enjoy the game.
The way price going down, the faster it will go up. It is an artificial game to buy more by the smart trader as low hearted people will sell. Ongoing high each time we saw going low. Remember last time what is the lowest then we saw it on 13k+!! So, wait and see it will go the highest peak asap.

[bitserve]

El Duderino

I wouldn’t want to tell a new girl I was into bitcoin right now. She’d probably call me a loser

Yeah, but you don't have a HUGE Bitcoin tatoo anyways

[HairyMaclairy]

Unless you're dealing with a partial reserve fraudulent exchange. Don't do that.

Bitmex is dodgy as fuck.  If it fails I can wear it, will be lost profits only.  

Also I believe all exchanges are partial reserve.

[Ludwig Von]

Gold is down too.. So are dow futures..
Where is the money going?

It's a good question. ans: USD

... the demand for USD is so high that the repo market froze up. Fed had to pump in first $150billion then upped that to $500 billion (rolling over in a month) another $500 billion rolling over in 3 months and promises for another $500 billion cash in a months time.

bottom line, there is a YUGE bubble in USD fiat and everything else is getting dumped.

Only time can tell where it goes from here. Place your bets, USD fiat, stocks, bonds, crypto, land ... nobody knows the value of anything any longer but they are trained to shelter in USD when they are scared so that's what they do ... even though it is a shared illusion of value.

Fortune favours the brave.

Nobody is going to bail them out, no matter how much funny money is printed, as nobody is going to bail us out. We wil sit down, look and see... .  

[Lambie Slayer]

If you ever wondered what it would be like if the whole world hoaxed itself, now you know.  

Less than 5k deaths and China is already over it. Remember, cancel culture doesnt apologize when they are wrong. They just move on to the next thing to overreact to.

Obesity is the number one killer. Where is the outrage, why doesn't cancel culture want you to upend society to save the fat people?

Cancel all public gatherings where people might eat to much. No flying to countries w fatty foods. Scales at grocery stores to weigh people when they buy their food. Come on people, if we dont act now everyone will eat themselves to death. We have to work together. Shut down restaurants and ice cream shops. No more chairs allowed bc fatties will sit in them and be sedentary.  No more cars, make the fatties walk or they will die.

Bc its all a game to them to see if they can get you to shit your pants and do whatever silly thing they tell you to do. This game wont work for long, we will be headed up soon enough.

[infofront]

Zooming out, it now looks like there's a massive triangle extending from 2017 into 2021. It's also looking like we never really left the bear market. It turned out to be longer and more brutal than anyone anticipated.

[somac.]

Zooming out, it now looks like there's a massive triangle extending from 2017 into 2021. It's also looking like we never really left the bear market. It turned out to be longer and more brutal than anyone anticipated.

Yeah everything looks fucked right now.

Just wish we had a bounce at least

[Lambie Slayer]

https://twitter.com/killer_dill_18/status/1238243151481012225

"When I grow up I’ll be able to say I was alive during what may be the world’s biggest overreaction about anything."

[jojo69]

mumbles incoherently

[Lambie Slayer]

My guess is the prerequisite for a bounce is a small group of people coming to the realization that this virus isnt going to kill that many people.

https://medium.com/@davidpkirkpatrick/why-are-we-ignoring-farrs-law-of-epidemics-coronavirus-should-be-gone-by-summer-7782f3622c3a

[Majormax]

Ok I now have buy orders starting around $3k all the way down to $10.  Whatever happens man I am ready.

If we don’t get below $3k I don’t have any liquidations and nothing changes.

$10 might be a bit optimistic.

If 3k breaks, then 1.5k might be possible. There would surely be some new buyers in that range.

However, I did not expect 6.4k to break, and that is a very bearish signal. Something else is going on (probably not good) , and it would be wise to wait until the smoke clears before taking action in either direction.

Observing 4.6k... when I started this post it was 4.8k.

[qwizzie]

Ok I now have buy orders starting around $3k all the way down to $10.  Whatever happens man I am ready.

If we don’t get below $3k I don’t have any liquidations and nothing changes.

$10 might be a bit optimistic.

If 3k breaks, then 1.5k might be possible. There would surely be some new buyers in that range.

However, I did not expect 6.4k to break, and that is a very bearish signal. Something else is going on (probably not good) , and it would be wise to wait until the smoke clears before taking action in either direction.

Observing 4.6k... when I started this post it was 4.8k.

Observing 4.5K
Also observing a flow going towards altcoins right now.

Link : https://imgur.com/iJ8s7Nh

[Majormax]

https://twitter.com/killer_dill_18/status/1238243151481012225

"When I grow up I’ll be able to say I was alive during what may be the world’s biggest overreaction about anything."

...but suppose it turns out not to be an over-reaction ?

[HairyMaclairy]

Ok I now have buy orders starting around $3k all the way down to $10.  Whatever happens man I am ready.

If we don’t get below $3k I don’t have any liquidations and nothing changes.

$10 might be a bit optimistic.

If 3k breaks, then 1.5k might be possible. There would surely be some new buyers in that range.

However, I did not expect 6.4k to break, and that is a very bearish signal. Something else is going on (probably not good) , and it would be wise to wait until the smoke clears before taking action in either direction.

Observing 4.6k... when I started this post it was 4.8k.

I don’t think it will get there either.  But I need to do it so that I don’t care where the price gets to - I won’t miss out.