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

[savetherainforest]

Bitcoin is at $33,000.

This is killing my motivation to like... work and shit.

Then u'r doing the wrong kind of work!

Do something that only feeds your soul! 

Oddly enough I do. It's just weird.

Oh. Then your soul signals you to 'diversify' your time investment in activities.   ... Also the year of the Ox starts in February I think, we are still in the year of the Rat, basically when the Ox enters, anything that feels like its leeching on you, get rid of all leech activity that drains you, or people, or thoughts. Just stray away from the leech energy from all around. And just go do u'r own think, work in your own corner on what you like, but without any kind of leech.

[JayJuanGee]

Morning jjg.. may be go for walk with your dog if mrs is cranky   or use treadmill for a change.. new year, new day, new hobby?  

Maybe....



 





NOT


 

I can see $50k this year. Maybe even $100k. I can also see $1m in the not too distant future, but not this year or next.

Conservative estimates are in the $50k to $100k range.

Moderate estimates are in the $100k to $350k range.

More extremely radically bullish are in the $350k to $1million range, but surely not too many people are reasonably arguing the top of the most extreme range - but there are also some ideas of a double top which could end up causing the second top to get drug past this calendar year and might end up being a more bullish scenarios that plays out even if not technically but still part of the second cycle dragging the top into 2022..

Even the most conservative of bullish scenarios would still put a lot of longer timers in a real good place - even if it would be disappointing for those expecting (or even banking on higher outcomes within the modest and the extreme scenario ranges).

[explorer]

What's next?  Proceed parabolic on the log chart, or stick to the 3 month channel?  Either way is  choo choo.

Chugga Chugga

[600watt]

never saw a 4% dominance decline overnight. (we all know that the dominance metric is completely flawed and useless and manipulated)
shitcoiners are really trying hard to paint a 2017/18 picture. when btc price pumps, lots of shitcoiners make money since they have figured out by now, who is king and have invested in btc. them using the new buying power to pump their illiquid centralized scam of choice.

it will be short lived. dont get lured in by the manipulated % rise of shitcoins on cmc.

the %gains on cmc are modern day sirens. dont fall for them, they will eat you alive.

https://en.wikipedia.org/wiki/Siren_(mythology)#:~:text=In%20Greek%20mythology%2C%20the%20Sirens,small%20islands%20called%20Sirenum%20scopuli.

In Greek mythology, the Sirens (Greek singular: Σειρήν, Seirḗn; Greek plural: Σειρῆνες, Seirênes) were dangerous creatures, who lured nearby sailors with their enchanting music and singing voices to shipwreck on the rocky coast of their island.

[Cryptotourist]

JJ, alt season is upon us!

[Biodom]

WARNING!

My market analysis shows that we are within 0-15 days of the downturn.

Before that we can go to anywhere between 34.5K and 128K (basically 1-4X)..1x obviously means that we turn tomorrow or even later in the night, but 4x and 128K is almost equally probable, IMHO. An arithmetic average between these two numbers is about 80K, which is slightly above my prior range of 50-70K medium top, but I thought that this local top would be only in March, but it is close to impossible now as the digital assets market where btc is not less than 69% weighting and much more if you remove stablecoins is completely feverish for an unknown reason.

It is not just bitcoin anymore. Everything is crazy, very similarly to Jan 2018.
To ignore the whole market behavior is not possible as it was wrong to ignore the Nasdaq behavior in 2000 when your favorite large cap was still outperforming.

Market is telling us that this will not continue for much longer, sorry that it was kind of short-lasting even if we will squeeze it up to 50-100K in the interim.
Bottom by the spring at 1/2 or even 1/3 if we peak at 100-120K, maybe a second run in the fall.

JJ, alt season is upon us!

it is insane, MANY shitcoins in the top 50-100 are showing 30-90% daily gains.
I have no idea why.

[Cryptotourist]

https://en.wikipedia.org/wiki/Siren_(mythology)#:~:text=In%20Greek%20mythology%2C%20the%20Sirens,small%20islands%20called%20Sirenum%20scopuli.

In Greek mythology, the Sirens (Greek singular: Σειρήν, Seirḗn; Greek plural: Σειρῆνες, Seirênes) were dangerous creatures, who lured nearby sailors with their enchanting music and singing voices to shipwreck on the rocky coast of their island.

Well, now days we have this:



h**ps://www.sirina.tv/

[JayJuanGee]

JJ, alt season is upon us!

How does that make you feel, CT?

[Cryptotourist]

JJ, alt season is upon us!

How does that make you feel, CT?

Given that all the brothels are still in lock down, and escort services are scarce, I'm kinda horny man!
#nohomo

[JayJuanGee]

JJ, alt season is upon us!

How does that make you feel, CT?

Given that all the brothels are still in lock down, and escort services are scarce, I'm kinda horny man!
#nohomo

A little bit of dodging question (or is it called evasion in some circles?), even though admittedly your response might well relate to how you are feeling in recent times.. and admittedly perhaps some of my social interactions have been dampened in regards to some of those kinds of social interaction changes too..


It's not like the vast majority are probably feeling some similar feelings, even if they might not describe it as horny.. and then might also not put such description in the context of what's going on with shitcoins.. you fuck.   

[El duderino_]

https://twitter.com/rd_btc/status/1345873313990668288?s=21

[serveria.com]

JJ, alt season is upon us!

How does that make you feel, CT?

Given that all the brothels are still in lock down, and escort services are scarce, I'm kinda horny man!
#nohomo

No Tinder in Greece? 

[JimboToronto]

MANY shitcoins in the top 50-100 are showing 30-90% daily gains.
I have no idea why.

Retail noobs.

Institutional buying drives up Bitcoin price... media reports Bitcoin price increase and use word "crypto"... noobs react to media with FOMO... noobs think, "it's too late for Bitcoin, I'll buy cheaper crypto"... noobs buy shitcoins.

It's that simple.  

[UnDerDoG81]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

[Gyrsur]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

The spreading of the mindrust virus is alarming! 

[UnDerDoG81]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

The spreading of the mindrust virus is alarming! 

Did mindrust not sell before the run at $1x.xxx?? How can you even compare that to the current situation.

[Wekkel]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

The spreading of the mindrust virus is alarming! 

I don't want to rub salt in wounds but this is actually very bullish!

[LoyceV]

If you earn btc via mining or via signature .  Selling long upticks is a must thing to do.

ie

12000
12500
13000

wait for it

15000
15500
16000

That won't work in a 2018-scenario where the price keeps dropping, so I can't do this. I am taxed on the value at the moment I earn anything, so the tax amount gets fixed to that price, while the future value is uncertain. That's okay when the price is low, but at current prices, I can't risk being taxed a high amount if the price drops a lot.
It would be a great thing to do when prices go up: earn x euro, pay tax on x euro, and sell it when the value is much higher. Capital gains aren't taxed here (but losses aren't tax deductible either).

[dre1982]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

Well going down to hell isn't going to happen but I can see it go down below $30k. That would be more like a natural correction because of the sudden spike.

[serveria.com]

The amounts that got sold in the last couple days are alarming. Do they know what we dont yet? Cant decide to sell or wait. I mean only the small amount I bought at 21k and 26k Euro. Have a feeling we go down to hell soon...

I really hope you're joking...