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

[Wilhelm]

You know how when random relatives contact you and ask about bitcoin that it's about time to start considering selling?

I got asked my a distant cousin "what do you think about dodge?".

Yup the FOMO indicator is the best indicator.
Combined with a parabolic growth means GTFO!

[1713496409]

1713496409

[1713496409]

1713496409

[1713496409]

1713496409

[1713496409]

1713496409

[1713496409]

1713496409

[1713496409]

1713496409

[Wilhelm]

Nowadays stop-loss is mandatory, no indicator is working perfectly...

This is how you save your capital when use stop - loss.

Well this is bad advice with Bitcoin.
A downward swing of 20% van literally happen every day.
You will get caught on your stop loss and have to buy back 20% higher again....

Also Bitcoin will always increase. Sometimes you have to wait a few years but it will go higher....

[OutOfMemory]

You know how when random relatives contact you and ask about bitcoin that it's about time to start considering selling?

I got asked my a distant cousin "what do you think about dodge?".

Yup the FOMO indicator is the best indicator.
Combined with a parabolic growth means GTFO!

The "Day of the dead DOGE" seems to be near, yes.
I also expect Bitcoin to be back at $58k within a few days, according to my TA lines and shit.
We'll see.

Gotta cash out a bit for floor tiles, doors and the electrician, soon.

[bitebits]

https://antpumps.com

[somac.]

A huge amount of doge is traded on Binance, in fact so much that the volumes there have either massivly exceeded or matched the Bitcoin USD volumes since this whole doge pump begun last month.

Does that seem a little odd to anyone or is it just me? What considering the market caps and all.

Binance coin also pumped very high (just without the volume of doge). So what's going on over there at Binance? just doesn't seem legit to me.

Yes you are right I always feared these big exchange can manipulate and even influence users buying and selling behaviors. This is happening exactly the same way they set the pattern and set trends. It's like giant social media platforms like Facebook and Yotube. One trend will be all over the platform same thing is happening here.

and what you said about BNB and DOGE looks like binance has to do something with it i remember same pump in april too when Doge rose BNB followed and at same time Bitcoin in it's lowest fifties.



Edit:

Don't forget this dirty secret of DOGE, little outdated but still valid

“Over 65% of Dogecoins are distributed among just 98 wallets across the world, while the single largest wallet holds 28% of all Dogecoins. In fact, just five wallets control 40% of the coin's supply. Essentially, around 100 people control the entire $46 billion DOGE market.” Published on yahoo finance on 19 Apr 2021

Yep something must be rotten over there at Binance, They've always seemed like a shady exchange to me.

Those wallets that hold all the doge, I wonder if any coins have moved from them? It's possible there are a lot of lost doge out there.

[LoyceV]

You know how when random relatives contact you and ask about bitcoin that it's about time to start considering selling?

I got asked my a distant cousin "what do you think about dodge?".

I just sold 5000 of them. I'm still sticking to my fourth rule of crypto: "never sell everything", so I have some left. But I do have a buy order for 100,000 Doge once they hit €0.002. In retrospect, I should have done that last year. But given Doge's track record, it's a cheap gamble that I expect to pay off somewhere in the next 4 years.

[Karartma1]

I once had 50M dogecoins  

sheit

[julian071]

I once had 50M dogecoins  

sheit

I once had 1200 ETH :/

[Phipsi90]

I once had 50M dogecoins  

sheit

I once had 1200 ETH :/

I once had 3 BTC :/

[Arriemoller]

Jesus! The shitcoin market is fucked, literal absolute garbage shit is being pumped to the stratosphere. This won't end well, when the correction comes, and it will, there will be a lot of pain to go around. Interesting times ahead people!

I dunno, I don't care what happens in the shitcoin world. Frankly, I don't even care if they exist at all. I've never owned any shitcoin (except for the early BTC forks obviously). Just spotted something funny: while I was typing this post spellchecker offered me to replace the word "shitcoin" with "bitcoin". So my spellchecker is a bitcoin maximalist and generally pro-bitcoin?   

I do fear that all these noobs getting sucked into sh*tcoins does have a detrimental affect on Bitcoin.
After it all goes to hell and leaves a bitter taste in noobs mouths, they will be more reluctant to enter into bitcoin a second time around.
Worse still is the fact that the nanny state will probably step in at some point to "Save" the people from themselves.
I think it just slows the whole adoption.

That is my worry as well

Liquid and Lightning are still in their early days. Paypal, Visa and even Banks will help paving the way for adoption, until every cash register in the 1st world is connected to a lightning node. Give it some time. Bitcoin does not really need speculating retail noobs, should they burn their hands with alts. Every rush is followed by a hangover. The slow rise of BTC is good for adoption. Remember: We don't want to get rich fast, but we don't want to get poor slowly.

Whenever i struggle with trust in Bitcoin's success, i focus on the bigger picture:
It's not about what Bitcoin is worth in shitty fiat, it's what bitcoin itself actually is.

I wanna get rich quick thank you.

[Arriemoller]

Just sold a teeny weeny little bit, so now the price is pretty sure to go up.
Also, it's going to rain all day today and all day tomorrow, Jippie.

Update on the weather situation: it's going to rain on Thursday as well.

Update; Friday, Saturday and Sunday are now also going to be rainy.

[vapourminer]

I once had 50M dogecoins 

sheit

I once had 1200 ETH :/

I once had 3 BTC :/

i once had a pile of fiat. luckily i dumped as much of that crap for btc as i could.

OT: dumping old doge from way back and converting to btc with a smile right now. sorry for mentioning that "other" coin WOers. ill try not to name that coin again here.

[Paashaas]

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.

https://www.cnbc.com/amp/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?__twitter_impression=true

[mrjoy15]

I once had 50M dogecoins  

sheit

I once had 1200 ETH :/

I once had 3 BTC :/

I once had 60 ETH, and 100K other portfolio. Once I were a millionaire, but virtually.
Shit always happen with me, I am first choice in the play ground.

[lightfoot]

Once again I'll say it: DOGE has a lot of appeal for the common man:

• It's inherently inflationary which means it's worth less every day
• It's incredibly centralized with <100 people owning the majority of it
• Simple to manipulate by those Whales in order to fuck the little guys
• It has no philosophy behind it other than MOAR COINZ!!!!!
• It is and always will be a funny joke coin, like a set of training wheels
• Only a brain dead person would hold it.

Yep, it's the perfect coin for the masses. No wonder it's pumping.

[lightfoot]

I once had 60 ETH, and 100K other portfolio. Once I were a millionaire, but virtually.

Once I was a Hippie
Then I was a stockbroker
Now I am a hippie again....

(The Bobs, "Songs for Tomorrow Morning")

[LFC_Bitcoin]

@100trillionUSD
Can't wait to see the 2nd leg of this #bitcoin  bull market🚀

https://twitter.com/100trillionusd/status/1389891386275729410?s=21



@johnkvallis
Shitcoins: Nobody wants to be the one left holding the bag.

Bitcoin: Everyone competes to be left holding the biggest bag.

You can only #hodl #bitcoin
https://twitter.com/johnkvallis/status/1389635466132135939?s=21



@saifedean
Hundreds of US banks will soon allow their customers to buy, sell, and hold bitcoin in their existing accounts, thanks to @NYDIG_BTC
https://t.co/za3fTudqNg
https://twitter.com/saifedean/status/1389910108923174913?s=21

[rdbase]

You know how when random relatives contact you and ask about bitcoin that it's about time to start considering selling?
I got asked my a distant cousin "what do you think about dodge?".

Yup the FOMO indicator is the best indicator.
Combined with a parabolic growth means GTFO!

The "Day of the dead DOGE" seems to be near, yes.
I also expect Bitcoin to be back at $58k within a few days, according to my TA lines and shit.
We'll see.

Gotta cash out a bit for floor tiles, doors and the electrician, soon.

Once again I'll say it: DOGE has a lot of appeal for the common man:

• It's inherently inflationary which means it's worth less every day
• It's incredibly centralized with <100 people owning the majority of it
• It has no philosophy behind it other than MOAR COINZ!!!!!
• It is and always will be a funny joke coin, like a set of training wheels
• Only a brain dead person would hold it.

Yep, it's the perfect coin for the masses. No wonder it's pumping.

And that is what the rest of those crypto zombies over at binance who had pumped it up $51.25bln more as of today are hoping.
Oh yeah.. and Elon.
Cause after Saturday. I can see it dumping massively after the hype train is out of the station and goes off the rails.
The joke will be over.

I saw a sad news story the other day. I am paraphrasing, it's easy to find. Some relatively young guy (30's) was celebrating loudly because he became a millionaire (on paper) with Doge. He had invested his life's savings (hundred-something K USD).
He said 'I grew up poor, I'm not selling any of it. I'll wait until it's 10 million, then I'll withdraw a million dollars.' Poor guy.

It's this guy...
https://twitter.com/ProTheDoge/status/1389559038896054273

Hope the kid is on suicide watch post the appending doge pump & dump disaster.
Cause after putting your entire life savings into something and if it goes to hell in a hand basket, then your sh*t out of luck.
Also hope he cashed out a few of those... maybe a million worth.
Then puts it into a real store of value.
BTC
Then he'll be like one of the cool kids.

[Dabs]

I'm still sticking to my fourth rule of crypto: "never sell everything", so I have some left.

I have some billion "Real Stack Coins" ...

What are all your other rules of crypto?

[Biodom]

For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts, according to crypto custody firm NYDIG.

https://www.cnbc.com/amp/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?__twitter_impression=true

This can be important and I hope that they will limit it to just bitcoin.