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

[wxa7115]

56k

I was really busy yesterday and I am just updating myself with all things WO but those were the good old days, I remember back then trying to configure one of those puppies to work on Linux, I do not remember if it was the same model but it was definitely the same brand.

A bitmap file would have been transferred faster on floppy disk by mail, i guess 

In 2009 an experiment was conducted at South Africa that matched the Internet Broadband speed provided by the biggest ISP on the country against a pigeon in a race to transfer 4GB of data over 60 miles, the result? The Pigeon won out and it took a total of two hours for the flight and the information to be uploaded to the system, but what about the broadband? It was just at 4% when the race finished LOL.


http://news.bbc.co.uk/2/hi/africa/8248056.stm

[1714130504]

1714130504

[JayJuanGee]

What's happening now is exactly like 2017, I member. We are on for $100k April now confirmed!

tell us, Hhampuz, in what part of 2017 are we because a lot happened in 2017 and there are various parts that are somewhat different from other parts, even if the parts can be chronologically strung together.

Eek.  If my line is right... we are in for some rough waters...

*edit* On the daily we are still good... barely.

 Stop doing whatever it is you're doing!  You're making Bitcoin fall!

 edit: it looks like that line you drew might be support again.  Seems to be oscillating over it.
 edit2: shit.  Anyway, I wont be able to watch - I have to go to work

Well all my silly lines are busted... but now we are bouncing off the way more important 50dma.  So if it breaks under that it ain't my fault!

Well, and I REALLY do not want to see it break under that one... :/

I just checked with bitcoin, and s/he/it is considering what you want.  You will hear back later, aka soon.^tm  

Tomorrow this Contract Will Expire for 6.1 Billion Bitcoin Option and EXPIRY FAVORS BULLISH TRADERS

It clearly means there are lot more traders with LONG Positions and Whenever this happens we see Sudden DIP IN Bitcoin and this is exactly what is happening as whales make money always by moving the market against the market .
So i believe there is nothing to be worried for even if we see BTC to break $50000 mark today as it will just be done to liquidate most of Positions . AND THEN WE WILL SEE IT MOVING UP AGAIN .

Quoted from Wise advice channel.

I have been thinking similar things, and it is not like the ONLY way is down in order to achieve some kind of end of the month or end of the quarter aspirations of bearwhales, when there could be developments and incentives to reck the bearwhales by doing the opposite of what some might expect.. .

And, sure part of a price movement could be to move against the various bets in the opposite direction, but then again there still could be enough fuel for going in either direction and it will not always be clear from us mere lay people regarding the path of least resistance - because we do not necessarily know how much capital one side or another might be willing to spend in order to try to get their way.

So, yeah this theory about BTC prices in March closing lower than the opening price of $45,262 still has another more than 6.7k to go in order to achieve such objective with current BTC prices hovering around $52,000.. and yeah, there are still nearly 6 days until the close of the month/quarter to see what is going to happen in that direction.  Getting a 5% to 20% price move in 6 days is not really outrageous, but still since we are already down around 16% from the March 13 $61,782 top, going an additional 15% down from here would NOT be far from inevitable.. and surely not outside of the range of reasonable (within striking distance), even though seemingly far from inevitable - especially from the perspective of this cat.

By the way, some of the folks asserting never below $50k again in the past couple of weeks, might be biting their nails at this time (with our current recent low of $50,360 - around 8 hours ago), even though it seems a bit too absolutist to be proclaiming that we will never go below a price (of $50k) that we had just visited around two weeks earlier and hardly even gotten 20% distance away from such recent price.. but hey, peeps going to make their sorcery proclamations hoping that at some point they are going to end up being correct.

Some may recall a few weeks ago that I was slightly more inclined towards short-term UPpity.. maybe even gravitating into the quite bullish territory of 54%-ish.. but surely with recent developments of a price correction that has been slightly greater than 15% but still kind of hovering in a 15% correction arena, I have likely gravitated to a more neutral feelings (to the extent that feelings matter?) (once again) with current ponderings about how great confidence could come from either short-term BTC price direction to deviate very much beyond 50/50 in these "troubling", yeah right?  times?

[edited out]

I concur with your analysys, to the point of asking "At what time is expiry?" 

Gotta love persistence.

#nohomo

 

[Parazyd]

Solid movement! I congratulate you on keeping your strong hands.

[OutOfMemory]

After a day of non-stop working, my wife just ranted that i told her to buy some corn, before the price went down.
She said: If you wouldn't have stressed me to do it, i could buy now at a better price...

I replied: Look: Bitcoin is volatile. This made your initial investment go about x20 over three and a half years. Now your gains are only about x19.3 (at the moment), so what exactly are you unhappy about? You think about a gain like it's a loss. You should probably start to think in terms of BTC instead of money.

She said: You're right. It's better to think about it this way.

Good girl  

EDIT: Corrected the numbers. It was about x19,3 not x18...

[marcus_of_augustus]

Actually, I was thinking about who Musk might be in the WO, and surely proudhon would be a decent candidate.

The general tone is in the right place, but does account age check out?

Proudhon's been around far too long to be Musk.

I can confirm. I am not Elon Musk.

proudhon is a Llama, not a Springbok.

Perhaps proudhon will give us some details on the upcoming Llama Price Movement, which could drop at any time.  I don't want to be anywhere close to that.

What you think about an Alpaca, they look really cute

 I'm thinking neck chops?

NotLambChop

[BitcoinGirl.Club]

Good morning WO!
Observing @ $55,920

bleh.

so much for the much vaunted "stimmy checks to btc" theory.

more like those who didnt get stimmy checks took that amount out of their btc holdings for one reason or another to make up for it.

i call this new theory "the proudhon theory" (with an assist from mindrust).

Where the F mindrust is?

[JayJuanGee]

..the dumb ideas contained therein end up coming true.

...a classic misnomer.
Blows up on his/hers/its own petard..and lives to tell the tale as if nothing happened, lol.
This phrase is a clear candidate for adoption (slightly below HODL in significance...yet).
In fact, this is EXACTLY what most of the Street keep saying about bitcoin.

yes.. exactamente, Biodom...

You are seemingly starting to get it... slowly, slowly, slowly..

You are coming around....



The street.


Fuck the street.

The street has been poo pooing bitcoin in varying degrees for at least 10 years, and if they had engaged in a wee bit of DCAing into bitcoin at any time in those 10 years (excepting the past 6 weeks), they would at minimum be UP at current BTC prices of a bit over $52k.. and surely, the longer that they had been DCA'ing into BTC, the more they would be UP, currently... and furthermore, the investment into bitcoin has so far been so damned asymmetrical to the upside that it would not have taken very large investments into bitcoin (relatively speaking) in order to be considerably UP in terms of overall value and in terms of comparing to most (if not all) asset classes.

In any event, you would have to consider the contents of my various earlier posts in regards to the use of calendar considerations.. namely March to perhaps attempt to understand what I am referring to when I had used the description of "the dumb ideas contained therein end up coming true."

But, why would you care Biodom?  You like to present matters out of context frequently for funzies, no?  Hopefully, not too many folks get confused by your funzy attempts.. and your seemingly many ongoing sympathies for what wall street thinks or may be thinking in connection to our lil buddy.. aka honey badger, aka king daddy, aka bitcoin.

After a day of non-stop working, my wife just ranted that i told her to buy some corn, before the price went down.
She said: If you wouldn't have stressed me to do it, i could buy now at a better price...

I replied: Look: Bitcoin is volatile. This made your initial investment go about x20 over three and a half years. Now your gains are only x18 (at the moment), so what exactly are you unhappy about? You think about a gain like it's a loss. You should probably start to think in terms of BTC instead of money.

She said: You're right. It's better to think about it this way.

Good girl 

People need to be reminded on a regular basis, and from time to time (especially when the price is dipping) many of us are guilty of getting into bad frameworks and forgetting about some bigger picture details.

[Karartma1]

Bought $500 at the bottom around $50390.
 

[Dabs]

https://knuckleheads.club/

Holy shit!
Facebook did not take on MySpace by saying there needs to be a public social media.

Offer something better than Google. Stop whining and just do it better. Don't ask the government to help you.

I don't use Google for their search engine anymore. Try duck.

[OutOfMemory]

Early hodlsleep. Too tired to keep my eyes open, and my back fucking hurts.
Have a good time (and don't even think about killing those cute lil Alpacas)!

[Arriemoller]

Just stop dumping will you!!

[vroom]

the next layer 2 technology is live:

https://finance.yahoo.com/news/microsoft-ion-digital-id-network-160007265.html

this is huge

[El duderino_]

[cAPSLOCK]

the next layer 2 technology is live:

https://finance.yahoo.com/news/microsoft-ion-digital-id-network-160007265.html

this is huge

Wow, yes.  If this even comes CLOSE to living up to the promise it is a sleeper world changer...

If Bitcoin:Fiat as Email:Postal mail then this is like realizing you can send an MP3 as an attachment.

[El duderino_]

site de upload

[Elwar]

https://knuckleheads.club/

Holy shit!
Facebook did not take on MySpace by saying there needs to be a public social media.

Offer something better than Google. Stop whining and just do it better. Don't ask the government to help you.

I don't use Google for their search engine anymore. Try duck.

duckduckgo still uses Google's search results. They just don't use it to spy on you.

I've tried other search sites, it's true that they're missing a lot. I even considered setting up my own crawler to crawl sites I'm interested in as I figure eventually Google will start filtering out sites I'm interested in.

[LFC_Bitcoin]

It’s in.......deal with it

[eXPHorizon]

site de upload

LMFAO, the dude saying that is even more irrelevant than the people he talks about  ( Uses Twitter to be a Moron )


WHERE WOULD BITCOIN BE WITHOUT INFLUENCERS ?!

[serveria.com]

It’s in.......deal with it

Holy shit! She's working out getting ready for the 100k party? 

[fillippone]

Tomorrow it is option expiry at Deribit and CME:

https://twitter.com/BTC_Archive/status/1375206135406415874?s=20

Not sure this is anything more than a coincidence, as I try to explain in another post but worth keeping an eye on it.