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

[_javi_]

Satoshi we need you!!!

Somebody explain Musk that Dogecoin mining is merged with Litecoin, and its considered a bonus to LTC rewards.

[1713413319]

1713413319

[1713413319]

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[ivomm]

I laughed so hard at the last post of Musk. Now, he is officially gone full retard/imbecile. Paypal, seriously? With millions accounts blocked on the whim of the owners, is this the best example for a "good" centralized money transfer? Jesus Christ, save this imbecile from his own money! Let them burn to 0 with doggystyle. Too bad for his semi-idiotic projects, which are just a bit better than investing in sport.

[marcus_of_augustus]

Satoshi we need you!!!

... this shit is retarded, satoshi wouldn't get out of bed for this

... PayPal is a bankster-coopted, compromised piece of shit kludge built onto a legacy system that hasn't seen an architectural upgrade in 25 years

... musk doesn't know shit about bitcoin's architecture, as he's making plain with the demonstration of ignorance right now

... why doesn't he post some code on github (could even pay an army of chinese hackers to write it), he's so full of shit right now it's almost impressive to watch the flames shooting out his arse

[goldkingcoiner]

What are you guys complaining about? He is giving us a chance to buy some cheap coin, fresh out of shaky hands.

[milkshock100]

Interesting that a lot of the dumps happen on a Sunday, presumably because that’s when it’s the hardest for the market to be repel any such dump. Musk seems to be in cahoots with that mode of operation so yeah I think we can pretty much say that it’s within the realms of possibility that he isn’t acting the lone wolf here as he and others like to portray him.

[Farmer Bill]

This is getting ugly, when’s it going to stop  

$43k?

If that breaks

38% below ATH so $39k ?

If that breaks then we are in Proudhon territory at $24,472 or 66% below ATH and Proudhon takes the El duderino prize and we all get to bow down to Proudhon.

Fear index at Max = Strong Buy

Those are all possible, but I have a hard time giving very great odds to something like $24,472 playing out by June 21.. so sure we could have some ups and downs along the way and gosh grinding down to $24,472 in a bit over a month would be painful and likely shake a lot of weak hands.  

Yes very great odds down to 24,472, I fully expect it to bounce of either $39k a 38% drop from ATH a regular occurrence in the world of bitcoin or maybe $43k will see enough resistance to satisfy the bears that there are no more coins to be shaken out. But what the fuck do I know? It is best to be prepared for all scenarios.

[JayJuanGee]

[edited out]

Support/Resistance levels of Bitcoin on Weekly Chart.

Where's your source link, Sayeds56?

89% hashrate is now signalling for Taproot, atleast there is some positivity around.

Wow.  in response to your post, Paashaas, I just looked up the current taproot signaling, and it kind of surprises me because it seems that the last time that I looked it up, maybe a day ago or so, it was in the lower 60s%

As I type, taproot watch is currently showing 84.06%.. .which is still getting real close to 90% which may be reachable this difficulty period.  

By the way, before looking up the matter, I had not realized that this difficulty period ONLY started a few days ago, and if 90% is not achieved this difficulty period, we seem to be better setting ourselves up for taproot to be signaling in the 90% plus arena in the next difficulty period which currently is projected to start around May 27/May 28 according to cryptothis.com.

[shahzadafzal]

Satoshi we need you!!!

... this shit is retarded, satoshi wouldn't get out of bed for this

That was a joke.
Anyway someone replied him with this and it fits on him...

If he thinks PayPal works in same way like Bitcoin...

[vapourminer]

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment. 

the price is $45k USD. over twice the 2017 ATH.

and peeps here are annoyed, moaning and pissed?? wtf where has the OG gone. we should be toasting the 30% off sale not complaining about the words from a twitter account.

whats with all the new whiners anyway. folks just sit back, relax and enjoy the ride. the moments of sheer terror are relative anyway; its just part of the ride. learn to enjoy them.

[shahzadafzal]

What are you guys complaining about? He is giving us a chance to buy some cheap coin, fresh out of shaky hands.

But which one we should buy Chinese bitcoins or European?

Can someone please ask Elon?

[philipma1957]

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment. 

the price is $45k USD. over twice the 2017 ATH.

and peeps here are annoyed, moaning and pissed?? wtf where has the OG gone. we should be toasting the 30% off sale not complaining about the words from a twitter account.

whats with all the new whiners anyway. folks just sit back, relax and enjoy the ride. the moments of sheer terror are relative anyway; its just part of the ride. learn to enjoy them.

buying dip again

[marcus_of_augustus]

What are you guys complaining about? He is giving us a chance to buy some cheap coin?

... who's complaining?

... this is the best drama queen pile-on we've had since Jihan " fuck your mother if you want fuck" Wu

... Mike Hearn, Andresen, Wright, Ver, Jihan Wu ... each one who thought they were bigger than bitcoin has flounced out in rage-quits of indomitable style ... Musk's is shaping up to be epic

http://m.futuresmag.com/2021/01/27/co-founder-bitmain-resigns-ceo-and-chairman

[UnDerDoG81]

What yall expect? That a billionaire will turn against his billionaire friends and destroy the fiat system that made em rich? He is a retard troll just like his friends, who gives no shit about 99.9999% of the world population while playing the world safer. One of em wants to vaxx all the people in the world and soon he really made it, bringing him up to #1 on the list of the richest. Of course we know, there are way more rich people who actually run the world. But they sitting in the shadows while they leave the stage for narcist retards like Musk, Gates, Bezos etc.

These times will pass. We gone through worse. Remember China "banning" Bitcoin every damn weekend in 2017?

[shahzadafzal]

You guys remember recently someone created a bot that will buy BTC every time Elon Musk tweets about Bitcoin? Yes this is the best time to use it... Just add some delay of 5 minutes and it’s guaranteed to buy you cheap bitcoins.

[JayJuanGee]

Last quarter Tesla sold more than $500 million worth of carbon credits.
~
Enter Bitcoin miners, Elon Musk trashes Bitcoin for its energy use, at the same time promoting Dogshitcoin, helping Bitcoin price to fall. Then offers to solve the problem by offering to sell Bitcoin miners the spare carbon credits.

Wait, did he really try to sell carbon credits to Bitcoin miners?

If Tesla gets paid to sell carbon credits, doesn't that make them liable for the actual emission?
Let's see how much carbon credit costs: Opisnet:

The auction settled at $17.80/mt

Let's assume this is a reasonable estimate for the price. If Tesla sold more than half a billion dollars worth of credits, that means Tesla "covered" 28 million tonnes of emissions in just 3 months. Tesla only sold 185,000 cars during this time. Does that mean they can sell 150 tonnes of carbon credits for each car they sell? Let's assume their average car drives 250,000 km during it's lifetime, that makes 600 grams CO2 per km, which is about 5 times the average emission of new cars in Europe.

So: is my math wrong? Or is Tesla liable for much more emissions than even the most inefficient gas cars or all of Bitcoin mining?

I don't know about the entire balance of Tesla's business. For example I know they have some solar power setup.
Also that when you drive a new car away from the dealership it already has around 60% of its lifetime carbon footprint already "baked in".

I have no idea if Musk approached any miners, it is just conjecture.
And they would probably as JayJuanGee says not give less than two shits.

FTFY... .

hahahahaha

But who's counting?

[edited out]

Yes very great odds down to 24,472, I fully expect it to bounce of either $39k a 38% drop from ATH a regular occurrence in the world of bitcoin or maybe $43k will see enough resistance to satisfy the bears that there are no more coins to be shaken out. But what the fuck do I know? It is best to be prepared for all scenarios.

Surely when we are in the middle of a dump it is difficult to know when it is over.. sometimes an outrageously BIG wick will be an indicator, but it does not guarantee that it is over unless the recovery brings us a decent percentage out of striking distance of another test of support at the local bottom.

I hate making any proclamations, but there does seem to be ongoing momentum and dumping... bringing numbers back into view that quite a few HODLers might not had thought were possible - so they may have to rethink their level of conviction, etc. etc.  It would not be easy for some of them, especially if they were saying that they were "all in" at $59k or at $51k or at other locations such as $47k.  So, one of the tests of actual conviction does end up being the playing out of the BIG ASS correction and see what HODLers do.. And, if the price can be kept down long enough, sometimes additional sellers will come out of the woodwork and allow for additional eroding of support that previously considered as solid (or "no way in hell") territory.

[El duderino_]

What yall expect? That a billionaire will turn against his billionaire friends and destroy the fiat system that made em rich? He is a retard troll just like his friends, who gives no shit about 99.9999% of the world population while playing the world safer. One of em wants to vaxx all the people in the world and soon he really made it, bringing him up to #1 on the list of the richest. Of course we know, there are way more rich people who actually run the world. But they sitting in the shadows while they leave the stage for narcist retards like Musk, Gates, Bezos etc.

These times will pass. We gone through worse, Remember China "banning" Bitcoin every damn weekend in 2017?

Though there are many new people in the space.... never experienced China ban etc, I understand it’s difficult for them....

I just have one comfort and that’s probably I have something which Elon can’t buy no matter how rich he is

I bought btc at prices he will not see ever again 

And yes f*** the aspergus, yes I’ll never buy a Tesla, can we move on.... focus on DCA and edjucating those who wanna know about turning our backs to the current system.

[Wekkel]

Scary times.

But we've been there before:



Just HODL on and weather the storm 

[El duderino_]

Btw page XX777 that could be bullish

[fillippone]

https://twitter.com/fillippone1/status/1394029185807552519?s=21

[HeRetiK]

Elon must be on a rampage because i only see on Twitter: tweet not available.

Mr Elon Musk is acting as a nail in the coffin for bitcoin at the moment. 

the price is $45k USD. over twice the 2017 ATH.

and peeps here are annoyed, moaning and pissed?? wtf where has the OG gone. we should be toasting the 30% off sale not complaining about the words from a twitter account.

whats with all the new whiners anyway. folks just sit back, relax and enjoy the ride. the moments of sheer terror are relative anyway; its just part of the ride. learn to enjoy them.

The thing is to me, I kinda liked Elon. Sure, weird dude and basically the billionaire equivalent of being "not like the other girls", but still had a lot of great stuff going on.

But this... it's like watching people I thought I knew posting about how Bill Gates vaccinating everyone with microchips all over again.

I'm not mourning Bitcoin, that one's going to recover eventually. But my opinion of Elon Musk... Oof. I just can't get over his 10x faster block times and 10x larger block statement. Makes me wonder where else he doesn't know shit and is just winging it with the help of some poor engineers that just try to keep their heads low.