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

[dieselmeister]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

[1714615605]

1714615605

[dieselmeister]

Okay, was away for a little time and got work to do. Back, watch the price. Not 50k instead again down to 48k we had this game last week I think. Hopefully this asshole, who dumps everytime we came close to the 50k,went out of coins.. Or his fingers should fall of his hands... I am good with both events

Are you fucking nuts, dieselmeister.  You continue posting about dumps for ants as if they matter for anyone who is not looking at 1 minute charts.

The last material and significant bitcoin dump that had any proximity to meaning was going from $42k t0 $30k-ish... and we stayed in a kind of uncertainty status for about 3 weeks, which such relatively short period of uncertainty even might end up placing that conceptualization of a "dump" in "ants" territory in the whole scheme of things.

Think about this matter a wee bit before getting all excited about whether we are breaking through $50k or not (and sure you continue to assert that some kind of major or meaningful "failure to break through $50k" exists.. which remains a premature proclamation and even a likely overexcited proclamation).   We have been pushing up and pushing up for 6 days and floating at the top of a BTC price range... which should not be characterized as a dump but an ongoing UPpity price pressures and ongoing consolidations at the top of a range $42k to $49,715.

I look a 1h charts

But am I now allowed to complain about the 8-9% dump that night? We saw what happened. 50k is near 50k is near... Btw we saw this also on the edge of 40k.same here. There is someone who has massive BTC and don't want the price move above the psycholical barriers.

Oh no... I am not allowed to say that here or what?
It was the same as I wrote this text, you complain about. It was the almost 10% that night.

But I am certain, that this Market is manipulated and this particular pool I often mention is one of them. I know it's no news. We all know BTC is a manipulated markted. But it's now so huge, that we only see currently dips in the 5% oder 10% range. And not 40% or more. Hopefully these massive coordinated dumps don't trigger so much Stopp loss orders any more.

That's my opinion. But I HODL so in the long run we win. But it's sad to see.

But I have to go to work and get some fiat money to buy more Bitcoins. So no Complaining about the price for approximate 8h... So long...

[AlcoHoDL]

Okay, was away for a little time and got work to do. Back, watch the price. Not 50k instead again down to 48k we had this game last week I think. Hopefully this asshole, who dumps everytime we came close to the 50k,went out of coins.. Or his fingers should fall of his hands... I am good with both events

Are you fucking nuts, dieselmeister.  You continue posting about dumps for ants as if they matter for anyone who is not looking at 1 minute charts.

The last material and significant bitcoin dump that had any proximity to meaning was going from $42k t0 $30k-ish... and we stayed in a kind of uncertainty status for about 3 weeks, which such relatively short period of uncertainty even might end up placing that conceptualization of a "dump" in "ants" territory in the whole scheme of things.

Think about this matter a wee bit before getting all excited about whether we are breaking through $50k or not (and sure you continue to assert that some kind of major or meaningful "failure to break through $50k" exists.. which remains a premature proclamation and even a likely overexcited proclamation).   We have been pushing up and pushing up for 6 days and floating at the top of a BTC price range... which should not be characterized as a dump but an ongoing UPpity price pressures and ongoing consolidations at the top of a range $42k to $49,715.

I look a 1h charts

But am I now allowed to complain about the 8-9% dump that night? We saw what happened. 50k is near 50k is near... Btw we saw this also on the edge of 40k.same here. There is someone who has massive BTC and don't want the price move above the psycholical barriers.

Oh no... I am not allowed to say that here or what?
It was the same as I wrote this text, you complain about. It was the almost 10% that night.

But I am certain, that this Market is manipulated and this particular pool I often mention is one of them. I know it's no news. We all know BTC is a manipulated markted. But it's now so huge, that we only see currently dips in the 5% oder 10% range. And not 40% or more. Hopefully these massive coordinated dumps don't trigger so much Stopp loss orders any more.

That's my opinion. But I HODL so in the long run we win. But it's sad to see.

But I have to go to work and get some fiat money to buy more Bitcoins. So no Complaining about the price for approximate 8h... So long...

I don't know how long ago you started accumulating BTC, dieselmeister, but complaining about a 10% drop in Bitcoin price seems very newbie-behaviour to me. I've been accumulating BTC and following the price since 2015, and right now, even a 50% drop would not make me even blink, let alone worry. Why? Because I know that's how Bitcoin behaves short-term. 10% drops are just noise. Sit back Zoom out, relax, have a coffee, and enjoy your long-term near-certain gains.

[El duderino_]

Today might be the day the the price of one full BTC will reach 50K

[Phil_S]

oh shut up about 50k already



j/k


 

[dieselmeister]

I don't know how long ago you started accumulating BTC, dieselmeister, but complaining about a 10% drop in Bitcoin price seems very newbie-behaviour to me. I've been accumulating BTC and following the price since 2015, and right now, even a 50% drop would not make me even blink, let alone worry. Why? Because I know that's how Bitcoin behaves short-term. 10% drops are just noise. Sit back Zoom out, relax, have a coffee, and enjoy your long-term near-certain gains.

Accumulation since 2014/2015* before than, I sold most of my Bitcoins, which I mined. So Yes I know the 80% and 89% drops, when the retail investers were in the market ... I talk about the drop near psychological barriers. No doubt, that in the near future we get a massive pump, which get us over 50k in one strike. As it happens, with the 40k. But there is no doubt, that someone try to stop the rise over 50k, like they did when we were near 30k.

So I am relaxed. But I need fiat money to buy more damn ...

*I was a very poor guy back then, so even with this low price, I did't accumulate much. :/ Today, I have a better job my own company, now I can accumulate the same small amout as in the past . Also I had a break after 2017 and restarted in 2019...

[dieselmeister]

Today might be the day the the price of one full BTC will reach 50K

 

[heslo]

Today might be the day the the price of one full BTC will reach 50K

Let's make it so!

[dieselmeister]

oh shut up about 50k already



j/k


 

  Muhahaha...

[Biodom]

Today might be the day the the price of one full BTC will reach 50K

nah, it is too darn cold for this.

[ivomm]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

This is the usual weak hand trading. Traders who try to make 1% daily profit caused a daily resistance, which often leads to their loss. They count on the sell button too much and when several traders hit it at the same time the button, their sell is done 5-10% below what they expected. This typically happens when the bid book is too thin, as it was yesterday on all exchanges. The funny thing is that these are the same traders who registered many losses in the last year despite the huge bull run. Yes, it may sound improbable, but most of the daily traders live with some kind of loss ranging from 10% to 100%. Many of them who cut losses in June last year, having X bitcoins, now cut their losses having X/10 bitcoins. This is how things work - investors getting richer and traders getting poorer each day. It is not possible that both groups of people win at the same time. We've seen here quite a few excited traders, who boasted with a 10% profit around 7K at some point last year. They sold, because some famous shorter publised a prediction in tradingview that the bull run is exhausted and Bitcoin is going back to 6K. Later their guru was caught with his pants down and incurred himself a huge loss. Nobody from these imbeciles ever showed up here again. I guess they live happily with the 100$ they've made. And this is the successfull 1% part of all traders. The remaining 99%, most of who use leverage trading are in some kind of a loss. On the other hand, the only real investors in the whole hisory of Bitcoin, who are in a temporary loss are those that bought Bitcoins yesterday. And they won't be dissapointed in the next months, for sure. So, there is absolutely no need to be frustrated because of the dips. They only help breaking the resistances on the way up.

[dieselmeister]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

This is the usual weak hand trading. Traders who try to make 1% daily profit caused a daily resistance, which often leads to their loss. They count on the sell button too much and when several traders hit it at the same time the button, their sell is done 5-10% below what they expected. This typically happens when the bid book is too thin, as it was yesterday on all exchanges. The funny thing is that these are the same traders who registered many losses in the last year despite the huge bull run. Yes, it may sound improbable, but most of the daily traders live with some kind of loss ranging from 10% to 100%. Many of them who cut losses in June last year, having X bitcoins, not cut their losses having X/10 bitcoins. This is how things work - investors getting richer and traders getting poorer each day. It is not possible that both groups of people win at the same time. We've seen here quite a few excited traders, who boasted with a 10% profit around 7K at some point last year. They sold, because some famous shorter publised a prediction in tradingview that the bull run is exhausted and Bitcoin is going back to 6K. Later their guru was caught with his pants down and incurred himself a huge loss. Nobody from these imbeciles ever showed up here again. I guess they live happily with the 100$ they've made. And this is the successfull 1% part of all traders. The remaining 99%, most of who use leverage trading are in some kind of a loss. On the other hand, the only real investors in the whole hisory of Bitcoin, who are in a temporary loss are those that bought Bitcoins yesterday. And they won't be dissapointed in the next months, for sure. So, there is absolutely no need to be frustrated because of the dips. They only help breaking the resistances on the way up.

Interesting. Thank you. Didn't have any inside view of trading. I tried it once with stock options years before Bitcoin. Lost and thought. Meh... When I go long, the market drops. So I never trade again. Only bought and sell a little in 2018.

[friends1980]

I've just bought some corn.

Which probably doesn't sound like news to you guys. To me it's huge. It's my first time since I started and hedl since mid 2017.

Now all that's left to say: the only way is up.

[Karartma1]

A simple question about trading on exchanges: is it safe to assume that over 90% of trading we see happening on exchanges is made by bots? Meaning professional traders and entities run bots and automate trades while 10% of regulars trade actually against them.
Is that so?

[vapourminer]

Today might be the day the the price of one full BTC will reach 50K

well look its already like 4 am here and its not 50k yet 

this day needs to start hoppin yo

[DaRude]

A simple question about trading on exchanges: is it safe to assume that over 90% of trading we see happening on exchanges is made by bots? Meaning professional traders and entities run bots and automate trades while 10% of regulars trade actually against them.
Is that so?

Depends on exchange, overall now it's probably over 90%, some exchanges just do wash trades with themselves all day to pretend that they have volume

[600watt]

Good Morning BTC Land... So we had a massive dump this night... How shocking... So no 50k sadly I had no fiat left for buying the Dip.

I saw lowest was 46k so almost 8%, now we are a little higher than than. Mmh f2pool again?

Let see what the day brings us.

This is the usual weak hand trading. Traders who try to make 1% daily profit caused a daily resistance, which often leads to their loss. They count on the sell button too much and when several traders hit it at the same time the button, their sell is done 5-10% below what they expected. This typically happens when the bid book is too thin, as it was yesterday on all exchanges. The funny thing is that these are the same traders who registered many losses in the last year despite the huge bull run. Yes, it may sound improbable, but most of the daily traders live with some kind of loss ranging from 10% to 100%. Many of them who cut losses in June last year, having X bitcoins, not cut their losses having X/10 bitcoins. This is how things work - investors getting richer and traders getting poorer each day. It is not possible that both groups of people win at the same time. We've seen here quite a few excited traders, who boasted with a 10% profit around 7K at some point last year. They sold, because some famous shorter publised a prediction in tradingview that the bull run is exhausted and Bitcoin is going back to 6K. Later their guru was caught with his pants down and incurred himself a huge loss. Nobody from these imbeciles ever showed up here again. I guess they live happily with the 100$ they've made. And this is the successfull 1% part of all traders. The remaining 99%, most of who use leverage trading are in some kind of a loss. On the other hand, the only real investors in the whole hisory of Bitcoin, who are in a temporary loss are those that bought Bitcoins yesterday. And they won't be dissapointed in the next months, for sure. So, there is absolutely no need to be frustrated because of the dips. They only help breaking the resistances on the way up.

Interesting. Thank you. Didn't have any inside view of trading. I tried it once with stock options years before Bitcoin. Lost and thought. Meh... When I go long, the market drops. So I never trade again. Only bought and sell a little in 2018.

very well said, ivomm

a human being can stand a certain varying amount of psychological pressure. some days we are stronger than on other days. no matter how rewarding it may be to hodl bitcoin, it is stressful. it sometimes feels like going into a casino, put lots of money on "red" at the roulette table, winning it, but then decide to leave it all on red for another round... and another round... and another round   - a perpetual high risk/high reward gamble.

the stress takes its toll. and there are weak moments. and there is the mindrust phenomenon. i dont think anyone is immune to it. i had moments in the past 8 years where i just wanted to give up. not because the price dropped, but when the perspective of this perpetual super-stress will just stay that way forever got to me.

the combination of the best performing asset in the history of finance being also the by far most volatile asset in history is a heavy weight to lift.  we are not specially trained, hardened professional traders with balls of steel. most of us are regular guys who would have never chosen becoming traders. with selling the entire stash being just a mouseclick away, hodling btc is like trading - you choose not to sell, every new moment, every new day, every new wave of FUD.

We had no choice but to grow balls of steel ourselves. when your life savings can literally evaporate overnight, getting up in the morning, checking the price would be hyper stressful for a someone not used to it. it became routine for us. but it takes time for those balls to harden. and sometimes, for example when reaching a certain threshold money figure like $100 000 or even 1mio, even seasoned btc hodlers can experience high stress levels again.

a multiyear btc hodler is stress resistant as a human being could be. but it takes its toll.

[ivomm]

A simple question about trading on exchanges: is it safe to assume that over 90% of trading we see happening on exchanges is made by bots? Meaning professional traders and entities run bots and automate trades while 10% of regulars trade actually against them.
Is that so?

The bot by itself can't make profit. Only if the trader has the right strategy it can help him, especially during the night. However, it takes much time to deal with all the obstacles. And this is for the regular trading. For the short/long trading the bots are even more complicated and cost more. If someone invented an algorithm that in long term makes some profit, than he will become very rich and famous. Since this haven't happened yet, I think that it is impossible to make such a man-free algorithm. Therefore, I believe most of the traders either don't use bots at all, or use only partially bots with limited functions, like to have a stop loss for the night. This of course can be done without bots on some exchanges, but others don't have such tools.

[ElBinBit]

1 Target: 49 700 - complete
2 Target: 50 750
3 Target: 52 400

4th target somewhere in the 70k's

1 Target: 49 700 - complete

[El duderino_]

https://twitter.com/Fullbeerbottle/status/1361247661664448513?s=20