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

[Phil_S]

Every sane person has known for a very long time that the dollar must collapse someday;

Not anytime soon. No universally-recognized replacement on the horizon.

[1715185560]

1715185560

[1715185560]

1715185560

[1715185560]

1715185560

[1715185560]

1715185560

[1715185560]

1715185560

[infofront]

Most bet that Bitcoin will continue to fall, but the market always shows the opposite of what the masses think, in every crisis there is a very good opportunity that very few see, and in Bitcoin there is now a great investment opportunity.

A really cool fractal

I added some context to it, comparing the virus with the 2008 crash

Gann analysis on the price and time aspects shows high confluence for this scenario with near ATH levels around EOY/NY

Kudo's to
@CryptoCapo_
 and
@kenzboard
 who showed me the fractal

Twitter: https://twitter.com/BTC_JackSparrow/status/1239133425790930950

 And “Crypto Trader Digest” newsletter:

“As central bank printing presses switch into beast mode, Bitcoin should enjoy a nice run back through $10,000 towards $20,000 by year end. Each central bank will cut rates to zero and announce open ended quantitative easing.”

Source: https://www.newsbtc.com/2020/03/16/scarily-accurate-fractal-bitcoin-will-trade-20000-q1-2021/

Actually, I really like this analogy (fractal). The only question is where the pent-up demand would overcome the resistance of the current downtrend.
It very well may be that 3850 is the answer, but it could be also a band between 3100-3800. For fractal to work we should not dip below 3122 on a 'closing' basis.

I'm guessing it will be a "defeat" of the virus, lifting of national emergency status, etc. The overwhelmingly positive sentiment, combined with QE, negative rates, and mega bailouts, create the perfect setup for a massive slingshot effect. When the consensus is that we're on the way back up, the big players are going to take advantage of all that free money.

[cAPSLOCK]

Yeah I dunno

I shaved off my "feeling better" money at $13

dollars

...I ain't doing that shit again

Date Registered:   January 04, 2012, 02:23:16 PM

You must be talking about the crash of August 2012...

Damn, you're an old-timer. Had no idea -- there's only a handful of accounts as old as yours that are still active. Well OK, maybe a couple hundred, but still...


Speaking of old accounts, the Mark Karpeles "MagicalTux" account woke up recently, but hasn't posted since 2013. Maybe he has something to say about the upcoming Gox repayments.

Old timer... Whatever.

[BHSMC]

Actually, I don't know where I can buy tether with Fiat where I can deposit via wire transfer in the U.S?

Seems like Gemini, coinbase don't support tether. Is there any other option?

Buy bitcoin, send bitcoin to Bittrex & convert to Tether.

Thank you so much. Congrats on Liverpool to win the EPL this year as well!

If I do it the way you described, then I'll be paying too much for commission. Buying BTC will cost me comm., then buying tether is going to cost me more comm.

Am I missing something?

Thank you!

[cAPSLOCK]

Out of curiosity: where in the world is Waldo (Trace Mayer)?
Pomp is around , planB as well, even Tone Vays, but Trace is missing in action (at least on twitter).
Interesting...maybe sold too many puts on his bitcoin? He was always professing that trade (through LedgerX), which I find inane.
I wonder how many blockfi loans got liquidated as well...

Trace Mayer lost a lot of credibility after shilling Mimblewimble coin in this interview and got flamed by the BTC maxi's
I think he's to ashamed to show his face now. His bags must be heavy.

Trace did not shill too much in that particular video, but I agree with you that he is being beaten up in regards to his recent seemingly too much mimblewimble shilling.

As he should be.  And I am not as anti-alts as you.

But he was a two faced liar shilling a 50% premined scam.

I think that is something his reputation should NEVER recover from.  There is only one reason to do what he did.

[Wekkel]

Credibility can only be lost once.

[marcus_of_augustus]

so no more mentions of the global multigenerational pandemic any more? Down the memory hole?

only keep calm lambie establishment shilling?

or dump all your coins mindrust establishment shilling?

what's the pay like these days guys better than signature begging? or vegeta game begging?

bitcoin is dying because it has been overrun by the same parasites that are crawling out of the dead fiat hosts.

They wear suits and beg for govt regulations and bailouts while committing open fraud in public markets.

[nullius]

Every sane person has known for a very long time that the dollar must collapse someday;

Not anytime soon. No universally-recognized replacement on the horizon.

Why do you assume that a replacement must exist before it collapses!?

That is like assuming that Madoff’s scheme could not collapse before his investors moved on to something better.  Say what?

The U.S. Dollar itself is the most enormous of things that are “too big to fail”.  That does not mean it cannot fail—to the contrary.  It has been suspicious since 1913, fundamentally unsound since the 1930s, and a red-tag scam since the 1970s.  Of course, it will collapse—it cannot keep going forever!  The problem is that without a crystal ball, it is impossible to time the collapse of a global, tera-scale scam backed by a habitually belligerent military superpower with a worm-eaten domestic economy that still has a lot of momentum.

I am not a financial analyst.  I think in historical terms.  The context that you snipped:

Every sane person has known for a very long time that the dollar must collapse someday; but trying to predict when is like trying to predict the fall of the Roman Empire when you are living in it at some undermined point between c. A.D. 300–400... or is it later than I think?

[bkbirge]

Good time to move up a species or 2. (can't remember the source but I'm sure it's been posted here before...)

    Humpback Whale = 5000 BTC or more
    Whale = 1000 - 5000 BTC
    Shark = 500 - 1000 BTC
    Dolphin = 100 - 500 BTC
    Fish = 50 - 100 BTC
    Octopus = 10 - 50 BTC
    Crab = 1 - 10 BTC
    Shrimp = less then 1 BTC

[serveria.com]

It really feels like we're going to see a Bart back up again till $7000+.

Double bottom

So much needed hopium... thanks 

[serveria.com]

▬▬▬.◙.▬▬▬
═▂▄▄▓▄▄▂
◢◤ █▀▀████▄▄▄▄◢◤
█▄ █ █▄ ███▀▀▀▀▀▀▀╬
◥█████◤
══╩══╩═
╬═╬
╬═╬ just dropped down to say
╬═╬
╬═╬ gobble up cheap coins whilst you can
╬═╬☻/
╬═╬/▌
╬═╬/ \





(Inspired by - https://twitter.com/trustwalletapp/status/1239555808708431877?s=21)

Well well, it seems LFC_Bitcoin has got a new dream? No more lambos? A chopper? 

[gentlemand]

Well well, it seems LFC_Bitcoin has got a new dream? No more lambos? A chopper?  

I never fly in the same helicopter twice, baby. I throw them away like used tissues the moment I step out of one.

This what the car park in my local gout clinic looks like.



I'll let you know where I'm landing next.

[Wekkel]

It seems you do swap the rotor blades.

[gentlemand]

It seems you do swap the rotor blades.

Nah. It's a rough area.

[JayJuanGee]

P.S. $4500. There is the chance mindrust was waiting for.  

Mindrust remains his own worst enemy, including that he is likely listening too much to diptwats like Masterluc, as if Masterluc were some kind of a reasonable BTC price sorcerer...

So in essence, Mindrust is failing and/refusing to pee pare his lil selfie for the upside.. and therefore engaging in more risk of being roached than necessary by playing too much all or nothing including betting too much on down and failing and refusing to get back his position.

If I had made a similar kind of mistake, in a kind of mindrust thinking way (which all or nothing has not been my style for a pretty long-ass time), I would (attempting to put myself somewhat in a mindrust seemingly goofey mindset) consider a few different options to stagger back in...  Partly, I do not go all or nothing back in because, like mindrust, I would be more than willing to structure a staggering back in so that I could partly justify my earlier action and attempt to profit somewhat from such earlier decision - which is risky, but hey, I am trying to attempt to think somewhat like mindrust, as difficult as that might be....  

Accordingly if I (channelling mindrust) had sold at $4,550-ish, then my attempt at a moderate incrementalist BTC buy back plan would be something like below.
 
$4,517 - 50%
$4,317 - 25%
$4,117  - 15%  
$3,917   - 5%
$3,717 - 3%
$3,517 -  2%

Of course, there are ways to be more or less aggressive than this outline of a plan... and sure, I would have already executed such plan, so at least my $4,517 would have already filled...   Sure, since we already had such price movement down to $4,435, it is possible that if I were to execute such plan now, based on subsequent BTC price movements, considering Mindrust's seemingly overly reliance on downward BTC price possibilities, I would probably move each of the buy back price amounts up $100 or so.

[Arriemoller]

I was actually raised in a bunker from the mid 80s onwards because my parents worried Judas Priest would make me commit suicide.

You're telling me it's safe to come out now?

Haven't you been paying attention?? Of course its not safe!

Mum says get your arse back in the damn bunker before she has to break out the paddle.

So the bus stop was just a big lie? I'm hurt and I feel betrayed.

[Raja_MBZ]

It really feels like we're going to see a Bart back up again till $7000+.

Double bottom

So much needed hopium... thanks 

No problem! Lemme know whenever you need more of it.

[JayJuanGee]

Yes, we have another damn day for Bitcoin   I wonder how much time it takes for Bitcoin to become as stable as before   I'm sitting here and watching my account go down every day, outside there is a raging virus   Damn series  day with my wrong decisions  
Now the lowest is 4400, how much next?

What would have been your wrong decisions?

You did not prepare financially and psychologically for BTC prices to go down, which would be having the ability to buy moar in the case that BTC prices were to go down, which they did?

[Arriemoller]

and tbh I'd rather have pandemic posts in here than that stupid fucking Vegeta game ... that can fuck right off into it's own thread please, thank you.

Unfortunately out of merits again, have a good imaginary handshake instead.

[JayJuanGee]

If any any of you WOers consider selling just think: you HODLed during $20k peak, during $14k and $10k minipeaks. So why sell now?    Let's ride this thing down to 0 or get filthy rich. There is no 3rd option.

Ride to 0.  That's the spirit.

If ppl actually use BTC as currency, they will continue.

Hodlers may as well stop watching the price.

Calculate your net worth at say, $100 $1,200 per BTC, and just treat it as a small , highly speculative part of your investments.

You should not be overly fear inducing bearish Majormax.. it is not necessary....  - because you are inducing more hysteria than what you yourself actually believe, based on your own representations of your own beliefs.

Accordingly, your 99% scenario puts btc at a low of $1,200 in the worser case (99%, helrow?) scenarios, therefore, seems reasonable that you should be using your $1,200 number rather than $100.... Therefore, I fixed your own statement above to be more in line with your own thinking... no need to overly induce fear based on outrageous scenarios that you do not even deem to be within the realm of 99% probability, amiNOTrite?  Concededly, each of us are going to come to our own outrageous numbers of the extremes, but you should use your own numbers rather than hypothesizing some more severe extreme of someone else who you have already concluded is not being reasonable.. which means $1,200 for you specifically, not $100.