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

[strawbs]

Markets are down everywhere, had to happen sooner or later with the runaway and unsustainable rises in tech stocks in particular.

Apple down 8% (wipes around $180bn off its value)
Amazon down 4.6%
Tesla down 9%
Alphabet (Google) down 5.1%
Facebook down 3.7%

btc down 10%. Nothing new here, just showing that btc hasn't decoupled yet. She always goes down a bit more than stocks, just to be dramatic.

[nutildah]

Once more for the people in the back...bitcoin cannot sustain prices greater lower than $10k. It's nothing more than a fantasy. Proven by science and maths.

FTFY

Weird that your signature says this, LOL:

When I use the word "higher" in a sentence I actually mean lower.

You are probably acutely aware that signatures aren't shown in the WO thread.

 

[Biodom]

Apple down 8% (wipes around $180bn off its value)
Amazon down 4.6%
Tesla down 9%
Alphabet (Google) down 5.1%
Facebook down 3.7%

ALL of that should should be down 50% for most 80-90% for TSLA.
btc, hopefully, less, but it seems to like a catch-up game lately.

EDIT: I am not typically a schadenfreude-prone person, but I am hoping that smugly little D. Portnoy gets wiped out (trading wise).
Enough of that stupidity masquerading as insight already.

[strawbs]

Once more for the people in the back...bitcoin cannot sustain prices greater than $10k. It's nothing more than a fantasy. Proven by science and maths.

Finally!!!!!!

A positive sign.  

aka... proudhon


 

This never really gets old

https://www.youtube.com/watch?v=A7TuFy0fcuw

The proudhon song (bitcoin is a bubble)

[Vectra]

Markets are down everywhere, had to happen sooner or later with the runaway and unsustainable rises in tech stocks in particular.

Apple down 8% (wipes around $180bn off its value)
Amazon down 4.6%
Tesla down 9%
Alphabet (Google) down 5.1%
Facebook down 3.7%

btc down 10%. Nothing new here, just showing that btc hasn't decoupled yet. She always goes down a bit more than stocks, just to be dramatic.

It better decouples soon as stocks are going to crash spectacularly.

[Biodom]

Once more for the people in the back...bitcoin cannot sustain prices greater than $10k. It's nothing more than a fantasy. Proven by science and maths.

when someone shows up like a clockwork on any dip and not any time else, there is no credibility.
btw, what is you fav investment?
Please, don't tell me that it is TSLA or 30 year treasuries of pretty much any OECD country.

[JayJuanGee]

It already dipped below $10k (I spotted $9,987.86 about 30 minutes ago... lasting for at least 3 minutes).  

You already had your chance.  

In other words: been there, done that.  

crap, just missed triggering a buy i had at 9920 then. catch it later maybe

Usually it is better to put your buy orders at above the BIGGER round numbers (in that case, the BIG number that seemed to have fallen pretty quickly was $10k), but sure, you never know because sometimes the spike does go temporarily past the BIGGER round number (which it did in this case).  

Historically, I have had plenty of orders (both buy and sell) that just miss by a few dollars and sometimes even missing by a few cents.. and sure, sometimes the BTC price does come back to that previous location, so usually it does not pay to change your order locations, unless you are changing your order locations for a different reason.. so overall, our mission as "swing traders" should be to try NOT to be emotional about whether our BTC orders are filled or not, but when they are "close but no cigar," we can become a bit irritated (which surely is a kind of emotional) because of how close the orders had come to filling (without happening).

You are right though, vapourminer.  It seems way too early to call the bottom for this particular cycle, currently - even though in my earlier post, I was playing around with BayAreaCoins about the bottom potentially being "in".... a little hopium on my behalf, probably.

By the way, this time around (the past 24-48 hours), I had BTC buy orders that were located about every $250 increment from $11,300-ish to $10k fill.. so my next buy order is around $9,800-ish... so when the BTC price moves a lot, then surely a lot of orders do end up getting filled (even in my case), and I try to NOT have any second guesses regarding all of the BTC that I bought all the way down the ladder, when I could have timed it and bought them all for lower prices (in theory).. In other words, I have no regrets about how it played out and glad that I was able to feel that I profited from the situation...

I kind of feel like I am supporting the cause and doing my "duties" when those multiple BTC buy orders are filling up all the way down the ladder, while at the same time satisfying my personal interests of stacking more sats along the way, too - even though in retrospect quite a few of them were bought at much higher prices than I "could have bought them" in theory.

[BobLawblaw]

Well, added Proudhorn to my ignore list. What a maroon.

Nice to see $10k USD/BTC holding. Was going to buy more if it dropped below. Looks like a bunch of DeFi tokens took it in the what-what today. I suspect today's drop may be tied to BTC being locked up in ETH tokens, being liquidated.

This is good for Bitcoin.

I think.

HODL on, brothers.

[nutildah]

It better decouples soon as stocks are going to crash spectacularly.

Maybe some day but not now. There's too much extra liquidity floating around and leaving it in dollar form is the least profitable way to manage it. All the money printed by the fed recently has to go somewhere.

[goldkingcoiner]

Once more for the people in the back...bitcoin cannot sustain prices greater than $10k. It's nothing more than a fantasy. Proven by science and maths.

Idiots like you is why I am proud of having suffered through an actual physics degree instead of lying to people on internet forums about what math and science have "proven". And I think you meant to say disproven. Because the first thing they tell young scientists: you cannot prove something. You can only disprove something.

[Toxic2040]

the evening wall report

$10k is breached fellow hodlers..the abyss once more before us.    Stand fast.

1h


4h


D



#stronghands

[Wexlike]

Always fun to see new guys taking Proudhon serious. He is probably the most loaded OG in this thread.

[Toxic2040]

[nutildah]

Always fun to see new guys taking Proudhon serious. He is probably the most loaded OG in this thread.

The text in his signature indicates he's a troll.

But otherwise, being an idiot and being loaded aren't mutually exclusive. If you think that they are, it's only because you haven't met enough rich people.

[Biodom]

My "macro" take:

1. Great Great Depression-5-10% chance. In this less likely scenario we are in 1930, relatively speaking, after the first dip and recovery and before many years of misery...ending in WWII...now would be WWIII, or WW-light, I guess.

2. Wall Street tells politicians...give us moar stimulus or else (we drop the sucker down) - 90-95% chance.
Politicians oblige...but here is the gist of it: will they need to give 'stimulus" every 6mo for the market to be "bullish"?

[gembitz]

DeFiiiii ALL ABRAAAOOOOD REEEEEEE

[d_eddie]

Ha ha ha, so Mr. Dave "stonks only go up" Portnoy got his ass handed to him today.

https://twitter.com/stoolpresidente/status/1301518457985523713

Haahahahahaahahaha

Come to think of it, he does look a little like a stool.

[DaRude]

Is bitcoin dead again?

Bitcoin is dying. The last death throes are taking a minute, but in the grand scheme of things, this'll look as silly as the tulip bubble. We will never see another ATH in bitcoin world. Ever.

Well you heard it, now it's been confirmed, bitcoin is officially dead, pack your bags, last one out to turn off the lights.

On a side note great to see old bears back, last time they left under strange circumstances wondering how long they'll last now

[philipma1957]

Once more for the people in the back...bitcoin cannot sustain prices greater than $10k. It's nothing more than a fantasy. Proven by science and maths.

You need to hook up with hard facts.

You guys can have fun playing with each other.

[Paashaas]

DeFiiiii ALL ABRAAAOOOOD REEEEEEE

DeFi investors getting REKT.



This one of my favorite: Hotdog dumps 99,9% from $5000 to $1. Current price is $0,0037.