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

[somac.]

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes.

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[Karartma1]

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

I don't know where Bob is, but I do know that reading mEtheads talking about it becoming more valuable than bitcoin and more deflationary than bitcoin is making me crazy.
And people are buying the narrative.
Crazy

[aesma]

40000€ is a nice price to buy so I bought. A bit at 39000€ the other day, too.

[Sayeds56]

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Price always goes down on the weekend, so expected. Let's just hope the UPpity actually resumes.

Absolutely right. Price goes down on Saturday but on Sunday evening price recovery starts.


https://www.longhash.com/en/news/3438/Monday-Lows-and-Sunday-Highs:-Bitcoin-Price-Patterns-By-Day-and-Hour

[JohnBitCo]

[shahzadafzal]

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

[Elwar]

Prediction time:

2017: Blockchain not Bitcoin
2021: Crypto not Bitcoin
2025: Central Bank Crypto not Bitcoin
2029: Corporate Network not Lightning Network
2034: Interstellar gate energy transfer not Earth Bitcoin
2038: Space Invader chips not Sol Bitcoin

[Elwar]

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

We don't need that collectivist BS. It's an individual race to the top, not a group hug to the bottom.

[philipma1957]

I too afraid to point out that LTC/DOGE mining ⛏ is as viable as Btc mining.

And that within the al gore rhythm scrypt there is no real competition for Ltc/doge

but that within the al gore rhythm sha 256 bch claims to be a rival with BTC.

Al Gore Rhythm?

It does seem like a novel way of generating true randomness. Is this this the new way of environmentally friendly mining without PoW?

remember he invented the internet so "al gore rhythm" merely pays him the homage he deserves.




Lets see how long it takes for someone to think am I being clever or literal.

[rolling]

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

We don't need that collectivist BS. It's an individual race to the top, not a group hug to the bottom.

Only works with well behaved pre-pubescent boys. Once you throw in a little chaos (i.e. females), the game changes drastically.

[d_eddie]

Are you being clever or literal?

[shahzadafzal]

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

No.

We don't need that collectivist BS. It's an individual race to the top, not a group hug to the bottom.

Only works with well behaved pre-pubescent boys. Once you throw in a little chaos (i.e. females), the game changes drastically.

Ahh you got me here..!!!
But how about gays (i.e. Elon)?

[LFC_Bitcoin]

@100trillionUSD
#bitcoin  relative strength index (RSI): we are at the typical mid-bull-cycle drop in RSI (yellow circles), in between 2013 and 2017. Excited about next couple of months.

https://twitter.com/100trillionusd/status/1393571337399152641?s=21

[Arriemoller]

Can we apply this philosophy to Bitcoin Community .... “UBUNTU - I am because we are”.

Stuff like that only works in small tribal groups, it's kind of how it must work in small groups like that, compare it to a family where all the kids must have an exact equal amount of candy and soda or they go bananas.

[JayJuanGee]

[edited out]

He doesn't like that people accrue BTC via way of shitcoins, either mined or purchased.

Work it somac...

You have to really stretch your logic to be making those kinds of dumbass childish assertions.  Should I even presume that you are not a child?

In essence, each of us is lucky to be able to figure out ways to attempt to tailor our own situations to our investment strategies, so surely it is understandable that guys are going to acquire BTC and even make allocations in a variety of ways.  They are sometimes going to gamble and learn along the way too.

There is a difference also between suggesting one strategy to be superior to some other strategies and also to attempt to stay topical.  Devolving into shitcoins tends to NOT be topical, but there are ways that cursory treatments can be made, even in this thread, and no one will jump on you for pumping some shitcoin.. sure some folks like to pump shitcoins in this thread, so if they are mostly talking about ways to accumulate or manage BTC including your earlier suggestions about how to NOT sell their BTC, then those kinds of topics seem relevant, even if people might not agree with you and also might consider that you might be overly engaging in third party risk or contract risk.. which also might be construed as pumping a product rather than actually attempting to bat around the issues.

He prefers his no doubt superior strategy (in his mixed up mind) of selling BTC every time it goes a little higher in order to stack more fiat.

I don't know how talking about my strategies becomes relevant to some issues in which guys, including ur lil selfie somac, are wanting to talk about coinmarket cap and act as if it is some kind of central indicator that should be considered in terms of managing bitcoin or figuring out what to do or whatever other stupid purposes were being attempted in description by you and Biodom.  You seem to be wanting to bring up a new issue, no?

Those of us who continue to the accrue BTC and not sell ever, are disliked for some reason that is unable to be undersood, because there is no understanding crazy. 

I doubt that anyone dislikes you, and you actually have good contributions from time to time, when you do not become so emotional about nonsense.  So, sure, too bad that you feel that you are not understood or whatever, but each of us knows that guys are going to employ a variety of tactics to plan and to strategize in terms of bitcoin and also to acquire BTC or to maintain their BTC that will vary upon their timeline and a variety of other personal circumstances.  Even you likely realize, in spite of your lame attempts at dogmatism, that there are a variety of tactics and not everyone is comfortable with every tactic whether involving third party risk, complications or other factors to be considered in deciding what to do and also perhaps learning about new tactics or experimenting with portions of their stash, too.

Good morning WO! Been buying all these small dips. Feels alright. good man!!!!!!!  

Trying to help with your tone.

Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).

https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/

IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.

TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.

I mainly see business as usual tbh.... dips like always.... I also have a “largely btc position” like 98% of my cryptos.... not gonna change that though...

Yep... Of course, we have a lot of members (maybe just a vocal minority) who all of a sudden consider our current BTC price (dominance situation to be the end of the world), so it can be quite difficult to take those dweebs seriously when they are ongoingly harping on both negativity and also picking a variety of either lame ass indicators - such as CMC - and/or also buying into some of the other baloney negative narratives of the day... the emphasis on energy recently is almost pure baloney and opposite to reality, but it has been getting some resonance, and even moreso if such a supposed genius celebrity like Elon is saying it.  So peeps buy into that.


I have a couple of real world projects that I am trying to juggle currently, so I have not been able to get some greater grasp upon how my shitcoin holdings had changed in comparison to my bitcoin.. On a ballpark level, I do suspect that they might have doubled without my doing anything.. so they may have gone from less than 1% to somewhere close to 2%.. but still a BIG so fucking what to me, and whatever current momentum those various shitcoin projects have or might continue to have and surely there are likely some projects that I do not have any financial exposure at all (except for holding a few ETH) such as Doge or NFTs or Defi.. that may be even outperforming (short-term) some of the other shitcoin projects, including outperforming our current stable coin (aka king daddy.. hahahahahaha)...

Yeaah..many of us end up getting drug into acknowledging shitcoins and having to continue see them brought up in this thread as if they all of a sudden have fundamentals when they do not, and suggesting that bitcoin's fundamentals are somehow weaker, and there are no meaningful signs of that.. and also various ongoing attempts (which troll shills do) to put burdens upon bitcoiners to have to defend bitcoin when they are the lame-ass folks asserting that either bitcoin is dead or "underperforming" blah blah blah.

[philipma1957]

Are you being clever or literal?

Under 3 or 4 minutes.

It amuses me to say "al gore rhythm" as it is fairly ludicrous statement.

Used to be funnier but the last few years of politics in the USA have been far too serious.

The real point of the algorithm she-256 is this

BTC = 179.79   Eh
BCH =    4.06   Eh
BHA =    0.114 Eh
BSV =    0.966 Eh

soo 179.79/184.93 eh = 97.22%  BTC  which seems pretty good

Try to find DOGE/LTC hashrate vs other scrypt coins

try to find any scrypt coin mined at .5% of the doge/ltc  rate.

I can't which means that LTC/DOGE merged is a bigger beast within scrypt
than BTC is within sha-256

Since I am a POW guy and btc was the king of POW
I am only saying it may be a bit vulnerable to LTC/DOGE

I have stated it more than once.

and gotten a lot of grief for saying it here in this thread.

I still hodl all my BTC
I sell all my mined Doge to cash
I sell 1/2 my mined eth to cash
I sell 1/2 my mined eth to btc
I am holding my mined LTC

Just because I switch these around does not mean I do not like BTC
But I see a trend towards attacking btc at the moment by guys like Musk and various governments

I have multiple assets to work with as I am a miner more then a trader.

But at the moment I am growing my cash faster than my btc just in case.

[El duderino_]

Update, please always check if you're on the list... also check if the price you wanna write down isn't already taken...

24,472  proudhon
33,333  sgbett
43,000  HeRetiK*
44,290  morvillz7z
46,640  sabotag3x*
47,200  Biodom*
48,377  xandry
48,520  Elwar*
48,777  theymos*
48,779  casperBGD
49,500  sheenshane*
50,000  Charles-Tim*
50,823  janggernaut*
51,770  bakasabo*
52,000  LoyceV
52,300  HairyMaclairy
52,469  acroman08
52,520  Woodie*
53,082  ETFbitcoin
53,333  icopress*
54,000  brokedummy
54,700  MoparMiningLLC*
55,000  bitebits*
55,500  jojo69
56,056  TopTort777
56,200  Arriemoller
56,230  Oasisman*
56,700  dothebeats*
57,089  galeriademodacom
57,452  weetious
57,775  Captain-Cryptory
58,133  Haunebu*
58,222  sirazimuth
58,500  LFC_Bitcoin*
58,820  kurious*
59,250  Krubster*
59,804  bitbollo
59,829  gabbie2010*
60,000  vapourminer
60,424  shahzadafzal*
61,015  julerz12
61,767  DdmrDdmr*
62,220  Mbitr
62,800  peter0425*
63,800  DeathAngel*
64,321  smartcomet
65,000  AlcoHoDL
65,847  Dabs
66,666  soullyG
67,500  BitcoinBunny
67,937  krogoth
68,000  2stout
69,420  SatsLife*
69,690  ChinkyEyes
70,000  philipma1957
70,500  Slot Kid
71,500  fillippone
72,239  cAPSLOCK*
72,400  Phil_S
72,555  OutOfMemory
73,155  d_eddie*
74,800  psycodad
75,800  friends1980*
77,000  ovcijisir*
77,500  Paashaas
77,777  JimboToronto
86,839  slaveforanunnak1
89,175  Yabes
100,000 somac.


https://bitcointalk.org/index.php?topic=5337266.msg57015859#msg57015859

[JayJuanGee]

40k € barrier broken for the third time on the 1H chart (soon after $50k got broken). Looks like there will be a DOWNity (for ants) before the big UPpity resumes before the end of May, taking us to a new ATH. Yes, I know this post is dumb and doesn't say much...

Where's Bob?

Are we going to concede that there might not be an ATH this month?

And will another ATH be reached during June?  or might we miss two months of new ATHs before reaching another ATH.

Personally, it seems to me that BTC price performance (in spite of our current price correction location) and our largely being stuck mostly in the $50ks since about mid-February, remains quite bullish as fuck even if we might miss several months of ATHs, and there is still half a month in this month to potentially reach another ATH.. so the correction is not shit.. yet.. in terms of either its depth or it length of time in the doldrums.. so sure gotta agree with you AlcoHoDL regarding the correction for ants.. so far.. and whether this lack of a new ATH lasts for 1, 2, 3 or even 6 months, that would not necessarily even come close to taking BTC out of its bull market posture - even though I would agree that the longer that any lack of a new ATH lasts, the more FUD spreading we are going to see and likely the more removal of additional BTC from weakhands that are likely going to get punished at some point..

And at this point, before we correct more (merely at 30% so far), I am going to suggest that a lack of an ATH for 1 to 2 months would be the more likely scenario rather than something between 3-6 months, but who knows?  Each of us should have a plan for either scenario and know what we are going to do so that we can persist both psychologically and financially in order to NOT do stupid things based on hype (aka FUD spreading bullshit).

Bob is crying like a little girl.. with searing.. aka brad.  #nohomo.

 

[cAPSLOCK]

Everyone says that CMC dominance is irrelevant since it also includes stablecoins.
Yet, whatever params you use, there has been a sharp decline in btc dominance from the end of December 2020 (72%) to now (40%).

https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/

IMHO, this has to reverse within a week or two, otherwise it would be difficult to recover and we would move (regrettably for me) from one hegemon (bitcoin) to a multi-polar crypto world.
It is not a popular possibility around here and my largely btc position would affect my worth (or the lack of it), but someone needs to point out that this scenario is possible.

TLDR; a bear market starting in 1-2 wk to smash alts or a true multi-polar crypto world is coming. Btc ETF approval could swing the balance back in btc favor, but I don't see anything else doing it, judging by the current dynamics.

I mainly see business as usual tbh.... dips like always.... I also have a “largely btc position” like 98% of my cryptos.... not gonna change that though...

The "it's different this time", and "bitcoin will not survive this" narratives are STRONG, currently.

[Toxic2040]

good morning/good evening lovely's

have a great day..get out if you can and blow the stink off yourselves

#dyor

1h


4h


D

#stronghands