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

[_javi_]

Big move is due to break of the triangle formation. let's hope it is not a fake breakout.

So i guess the move has nothing to do with real world happenings...

You chartists are amazing..

[1713463683]

1713463683

[1713463683]

1713463683

[600watt]

i inherited some silk necktie made in the early 70ies from my step dad. one looks almost exactly like this one!  will change clothes and wear it today to celebrate this master dildo move.

[coinlocket$]

Good morning.



https://twitter.com/elonmusk

 

[arcmetal]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

[LoyceV]

Elon Musk adding “Bitcoin” to his Twitter bio line
~
After Elon did that, Bitcoin showed a massive rise, surging from the $32,000 zone to over $36,000

It's kinda scary how much influence Elon Musk has.

And what's with this?

Is Coinmarketcap joining into trolling hedgefunds?

[somac.]

Big move is due to break of the triangle formation. let's hope it is not a fake breakout.

So i guess the move has nothing to do with real world happenings...

You chartists are amazing..

Did not see the Musk quote till after I made that post. However, Support and resistance lines are absolutely relevant and the reason why is because people think they are relevant. Support and resistance levels are therefore where people place their orders and stops. Why do you think that the big moves are always made around these levels? To ignore where people position thier orders is just plain fucking stupid.

[somac.]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

[heslo]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

That all depends how strong peoples hands are in the run up. As for mine; I have a firm grasp

[somac.]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

That all depends how strong peoples hands are in the run up. As for mine; I have a firm grasp

Let's hope strong, for their sake.

[Phil_S]

'I would short bitcoin if there was an easy way to do it' -- Bill Gates, 2018

[_javi_]

Big move is due to break of the triangle formation. let's hope it is not a fake breakout.

So i guess the move has nothing to do with real world happenings...

You chartists are amazing..

Did not see the Musk quote till after I made that post. However, Support and resistance lines are absolutely relevant and the reason why is because people think they are relevant. Support and resistance levels are therfore where people place their orders and stops. Why do you think that the big moves are always made around these levels? To ignore where people position thier orders is just plain fucking stupid.

And whats your analysis of support and resistance levels for GME and AMC shares past action ??

I bet the move was due to a scalene triangle breaking into a head and shoulders..  

[aesma]

Keep in mind there has been some bad news about Tesla (personally I think it's a good company, overvalued by a lot).

I wonder if Musk is pumping Bitcoin to also pump Tesla by "associated love" ?

[Wekkel]

'I would short bitcoin if there was an easy way to do it' -- Bill Gates, 2018

I would do so too ... in 2018 

[arcmetal]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

Hard to really say but, checking the top 100 richest address list there are 674,721 addresses with  1- 10 btc.  If we assume that each is for one person, an even distribution of btc for each address, and needing about 3 btc @ $300k each to reach a million, we can estimate about 600k new millionaires.  

(just to keep it simple, those with less than 1 btc won't be new millionaires, and those with more than 10 btc at that point will already be millionaires)

600k new millionaires out of 46,000,000 is around a one percent increase.  Not much of a dent.  

The whole point here is just to show that btc at 300k is not a far stretch.

[El duderino_]

[aesma]

Fuckin hell lads, this shit is pretty crazy. I mean, we do tend to expect crazy from bitcoin but when it happens, it's a good feeling.

If Elon really has bought in, or is intending to, shit is going to get very very interesting!

Won't be just him though. There are thousands that are going to attend Saylor's thing. Going to be a hell of a year, I wonder what FUD they'll come up with once we brach 100k. China ban bitcoin, tether FUD, ??.

Going to be entertaining. Shit this week has been entertaining.

This is needless to say but: with just over 2,000 billionaires in the world, each can own a whole bitcoin, but not every millionaire would be able to own one.

(there are over 46,000,000 millionaires in the world today, and they hold about $158 trillion)

Imagine how many millionaires there'll be when bitcoin is at 300k

Hard to really say but, checking the top 100 richest address list there are 674,721 addresses with  1- 10 btc.  If we assume that each is for one person, an even distribution of btc for each address, and needing about 3 btc @ $300k each to reach a million, we can estimate about 600k new millionaires. 

(just to keep it simple, those with less than 1 btc won't be new millionaires, and those with more than 10 btc at that point will already be millionaires)

600k new millionaires out of 46,000,000 is around a one percent increase.  Not much of a dent. 

The whole point here is just to show that btc at 300k is not a far stretch.

There is millionaire and there is millionaire. I would be one of those you just counted, but how many have 300BTC or more and would be 100 millionaires ? The "upper classes" of millionaires and billionaires would probably evolve quite a bit. Meanwhile, imagine someone who has 10-100 millions right now, probably mostly in a company and some assets, if (s)he figures he wants to be part of the BTC game and that 300BTC would be the right amount, it might not be that easy for that person to actually buy that, (s)he would need 10 million in cash laying around.

[somac.]

Big move is due to break of the triangle formation. let's hope it is not a fake breakout.

So i guess the move has nothing to do with real world happenings...

You chartists are amazing..

Did not see the Musk quote till after I made that post. However, Support and resistance lines are absolutely relevant and the reason why is because people think they are relevant. Support and resistance levels are therfore where people place their orders and stops. Why do you think that the big moves are always made around these levels? To ignore where people position thier orders is just plain fucking stupid.

And whats your analysis of support and resistance levels for GME and AMC shares past action ??

I bet the move was due to a scalene triangle breaking into a head and shoulders..  

Don't be daft, there are no support and resistance lines at these levels, the stock is moving purely on momentum and short term news.

By denying support and resistance levels you are esentially saying that no trader out there is placeing any orders based on those lines. Is that what you think is true? And do you deny the exisitence of short squeezes and stop runs which capitalise on the build up of orders at these S&R levels?

[BobLawblaw]

Ok look. NGU $5k USD.

That's nice.

Back to bed for a coupla more hours.

HODL on, HODLers. Next stop, $50k USD/BTC for some principled profit-taking.

[Overflask]

What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?

[heslo]

What are Dogecoins? I'm not familiar with all the different cryptos out there. But a 200% is not negligeable. Is that what you call shitcoins? Like short term increase, high volatility, but no long term prospect?

Shitcoins, yeah. Reddit hopped onto doge to pump that after Robinhood stopped trading on $GME