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

[somac.]

Bitcoin will survive Elon Fudsk clearly.
But what staggers me is that someone with that platform basically doesn't seem to care about his own customers, many of who I would have thought would be hodlers.

He may suffer from bipolar. But that is no excuse to behave like an imbecile. I know for a fact the latter is not a common symptom at all.

If he's really autistic, then he may not be exactly brimming with empathy.

He's a sociopath as well, like all of those who destroy others lives to their own advantage. No empathy, is part of the job for these people.

[1714046000]

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[1714046000]

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[bitcoinPsycho]

don't mess with the badger

[Elwar]

So...Musk tweet is like the Silk Road bust of 2013?

OGs know what I'm talking about...

[somac.]

So...Musk tweet is like the Silk Road bust of 2013?

OGs know what I'm talking about...

hope so

[cAPSLOCK]

I can't stand that sentiment.

First of all, who even knows who bitcoiners are?  Bitcoin Twitter is an echo chamber.  And if you want "Crypto Twitter" then there are plenty of Laura Shin type folks to listen to.

Also what's the difference between telling someone that ETH is a scam, and wagging your finger at "toxic" people?  Isn't it really the same thing?

To be honest I am starting to see that line as scam grease.  No need to critisize folks who take the maxi line unless they threaten you, and I think what they threaten is a way he wants to make money.

I get sick of the HFSP shit too to be honest.  But a bunch of dweebs on twitter have absolutely nothing to do with bitcoin adoption.

[Sayeds56]

[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.

@JayJuanGee, Sir,  My source link is given below:

https://www.investing.com/crypto/bitcoin/btc-usd-technical
  

[BitcoinGirl.Club]

It's blood everywhere!!! 🩸

[lightfoot]

I'll call bottom.



Bad Elon! Bad DOGE!

[JayJuanGee]

I can't stand that sentiment.

We should recognize what Raoul Pal needs to be rammed with.

Bob?

First of all, who even knows who bitcoiners are?  Bitcoin Twitter is an echo chamber.  And if you want "Crypto Twitter" then there are plenty of Laura Shin type folks to listen to.

Of course, this Raoul Pal guy comes off with the impression:  "I'm new to bitcoin, and I am here to fix it."

yeah right.  

He can fuck off.  That would be great.... and come back later when he is not trying to dictate who is who..,. bitcoin gives no shits whether peeps are nice or not nice... or whether peeps believe that there is a problem with the community or no.

Also what's the difference between telling someone that ETH is a scam, and wagging your finger at "toxic" people?  Isn't it really the same thing?

I think that it is a good thing that bitcoin supporters (at least the more knowledgeable ones) will call out the vast majority of other projects as shit.. and part of the reason that they are shit is because there tend to be centralized entities and individuals printing tokens so they can benefit rather than pegging to bitcoin -- because bitcoin no is broken, in spite many claims of such.

To be honest I am starting to see that line as scam grease.  No need to critisize folks who take the maxi line unless they threaten you, and I think what they threaten is a way he wants to make money.

Well..   from what I understand, Raoul Pal is coming around to bitcoin more and more, so at least he is starting to get the message that even if he does not believe in bitcoin, he better be hedging his bets otherwise bitcoin is going to eat his lunch.  No problem attempting to keep a foot in both camps.. because transition to more and more bitcoin is likely to take a long ass time anyway.. .. although maybe when we look back we will say "that escalated quickly" even though while we are going through the ups and downs of escalation, it is frequently not seeming so damned quickly... especially during correction periods (our current place).

I get sick of the HFSP shit too to be honest.  But a bunch of dweebs on twitter have absolutely nothing to do with bitcoin adoption.

This probably provides some evidence to the doubters that we are NOT quite ready for a supercycle.. but hey.. maybe some peeps are thinking that there will be, and I doubt that the world works like that and I doubt that status quo institutions are just going to roll over without at least a certain amount of fight both with financial tools if they can do that and with information wars too, if they can maintain some amount of credibility in propagating ideas that put bitcoin into doubt, at least to those who are less familiar with what really causes bitcoin to tick, and even some of us longer term bitcoiners will sometimes have our doubts, too... but hopefully we neither panic nor sell too much of our stash too soon because of our sometimes over receptivities to whatever new talking points are getting put out into the social media or wherever else such information is being propagated.

[cAPSLOCK]

The more I think about it... the more I think Elongate is really really positive for the corn.

We can't lose.  No matter what Elon does it will benefit Bitcoin, I think.  

If he continues to promote Doge it could be quite the detour for folks, but ultimately he will fail.  Because whatever centralizing thing he does will just drive people into the arms of bitcoin.  

He could turn out to be quite the enemy of Bitcoin too... now that the community has publicly embarrassed him.  I do not know what he does under those circumstances.

But overall I see this as probably being a net plus.

[BitcoinGirl.Club]

Bad Elon! Bad DOGE!

Next tweet:
Tesla sold Bitcoin 🤣

[somac.]

The more I think about it... the more I think Elongate is really really positive for the corn.

We can't lose.  No matter what Elon does it will benefit Bitcoin, I think.  

If he continues to promote Doge it could be quite the detour for folks, but ultimately he will fail.  Because whatever centralizing thing he does will just drive people into the arms of bitcoin.  

He could turn out to be quite the enemy of Bitcoin too... now that the community has publicly embarrassed him.  I do not know what he does under those circumstances.

But overall I see this as probably being a net plus.

I'm thinking same, but we'll take some time getting through it. He'll probably just move on and ignore it soon enough, when narsacistic types get exposed they usually put the blame on somthing other then them and just disappear. To do otherwise would continue to expose how much of a god they aren't, and their ego is not set up for that.

[somac.]

Bad Elon! Bad DOGE!

Next tweet:
Tesla sold Bitcoin 🤣

I think everyone knows he sold already. Inflows day before his twitter post, and the fact that his Tesla venture is going to shit in China. He needed the money to suppress the poor performance of Telsa last quarter and needs it again for this quarter.

[cAPSLOCK]

This probably provides some evidence to the doubters that we are NOT quite ready for a supercycle.. but hey.. maybe some peeps are thinking that there will be, and I doubt that the world works like that and I doubt that status quo institutions are just going to roll over without at least a certain amount of fight both with financial tools if they can do that and with information wars too, if they can maintain some amount of credibility in propagating ideas that put bitcoin into doubt, at least to those who are less familiar with what really causes bitcoin to tick, and even some of us longer term bitcoiners will sometimes have our doubts, too... but hopefully we neither panic nor sell too much of our stash too soon because of our sometimes over receptivities to whatever new talking points are getting put out into the social media or wherever else such information is being propagated.

I think the institutional interest is enough to kick off the "supercycle".

I wish there was a way to know how many CFOs got a text from their board members this weekend about how Elon is doing them all such a big favor.  I imagine the OTC desks are going bonkers tomorrow.  in fact I imagine VIP customers are making deals tonight. The market may have already swallowed up the 19k TSLA sold, assuming I am right about this.  It will go down as a great short term move, but shortsighted.

I suppose I am a hopeless bull.  I just have a hard time seeing this pulback not getting snapped off pretty quickly.

[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.

@JayJuanGee, Sir,  My source link is given below:

https://www.investing.com/crypto/bitcoin/btc-usd-technical

Thanks... helpful that any of us can verify it or maybe even be better able to point something out to you if there might be something deficient about the information. 

I remember a year or maybe longer ago, there was some kinds of issues regarding the block times and even the mining hash that was shared by BCH and/or BSV.. and I remember that there were a few sources that I was looking at but they were not very consistent, and then after a while I realized that one source was better at one thing and another source was better at another thing, so I got some better ideas about which source I would cite for certain purposes...even though for sure, any of us can end up getting confused about the data that we might be looking at and then come to less than good conclusions (sometimes erroneous conclusions).

The more I think about it... the more I think Elongate is really really positive for the corn.

We can't lose.  No matter what Elon does it will benefit Bitcoin, I think.  

If he continues to promote Doge it could be quite the detour for folks, but ultimately he will fail.  Because whatever centralizing thing he does will just drive people into the arms of bitcoin.  

He could turn out to be quite the enemy of Bitcoin too... now that the community has publicly embarrassed him.  I do not know what he does under those circumstances.

But overall I see this as probably being a net plus.

Hahahaha

Agreed.

That is part of the reason we should try not to get so much bothered by short term dynamics because shit always seem to happen, and if there is no ability to make it seem new and innovative or to have a certain decent level of believability, no one is going to panic, and surely many of us can recognize the lack logic and lack of facts to support Elon, and surely he may have bit off more than he can chew, but he seems to appear as if he has a lot of this under control, but even narcissists likely have some difficulties dealing with the level of their popularity when many of the interaction matters might not play out very close to what he had been anticipating.  I suppose time will tell.

The more I think about it... the more I think Elongate is really really positive for the corn.

We can't lose.  No matter what Elon does it will benefit Bitcoin, I think.  

If he continues to promote Doge it could be quite the detour for folks, but ultimately he will fail.  Because whatever centralizing thing he does will just drive people into the arms of bitcoin.  

He could turn out to be quite the enemy of Bitcoin too... now that the community has publicly embarrassed him.  I do not know what he does under those circumstances.

But overall I see this as probably being a net plus.

I'm thinking same, but we'll take some time getting through it. He'll probably just move on and ignore it soon enough, when narsacistic types get exposed they usually put the blame on somthing other then them and just disappear. To do otherwise would continue to expose how much of a god they aren't, and their ego is not set up for that.

Probably better stated than me.  Even though I am supposed to be mad at you, somac.  #nohomo.

[cAPSLOCK]

The more I think about it... the more I think Elongate is really really positive for the corn.

We can't lose.  No matter what Elon does it will benefit Bitcoin, I think.  

If he continues to promote Doge it could be quite the detour for folks, but ultimately he will fail.  Because whatever centralizing thing he does will just drive people into the arms of bitcoin.  

He could turn out to be quite the enemy of Bitcoin too... now that the community has publicly embarrassed him.  I do not know what he does under those circumstances.

But overall I see this as probably being a net plus.

I'm thinking same, but we'll take some time getting through it. He'll probably just move on and ignore it soon enough, when narsacistic types get exposed they usually put the blame on somthing other then them and just disappear. To do otherwise would continue to expose how much of a god they aren't, and their ego is not set up for that.

Yeah... this thing really really went bad for him.  He got defensive, started bragging about starting paypal etc.

I think the really tantalizing thing to me is to know what is REALLY going through his head.

The whole bigger blocks, more TPS thing.  Can he really be that unevolved in his thinking about Bitcoin?  He has no excuse.  The math has already been laid out by so many folks.  If he really is that ignorant, then this will have been strongly embarrasing for him.  He will either dig in, or as you say disappear.

It is more interesting to think he is working some angle though.  If so... what is it?  

[cAPSLOCK]

Bad Elon! Bad DOGE!

Next tweet:
Tesla sold Bitcoin 🤣

I think everyone knows he sold already. Inflows day before his twitter post, and the fact that his Tesla venture is going to chit in China. He needed the money to suppress the poor performance of Telsa last quarter and needs it again for this quarter.

If this is the case...  then it would be sooooooo very delicious for Bitcoin to punish him very severely.  Until recently I had nothing against the guy (nor did I worship him as I feel some do), but as of now I would love to see him suffer.   Evil, I suppose.

[aesma]

Elon said on TV the other day that he was autistic/asperger aka a genius. But he didn't say he was a stable genius. I wasn't too fond of him touting crypto, for that reason. Especially since crypto didn't need any touting. When he's promoting colonizing Mars it's good because too few people are doing it.

[JayJuanGee]

Bad Elon! Bad DOGE!

Next tweet:
Tesla sold Bitcoin 🤣

I think everyone knows he sold already. Inflows day before his twitter post, and the fact that his Tesla venture is going to chit in China. He needed the money to suppress the poor performance of Telsa last quarter and needs it again for this quarter.

If this is the case...  then it would be sooooooo very delicious for Bitcoin to punish him very severely.  Until recently I had nothing against the guy (nor did I worship him as I feel some do), but as of now I would love to see him suffer.   Evil, I suppose.

I remember Dave Portnoy being the smartest guy in the room too, for about a minute, even though Portnoy sold at a loss, but even so, Musk could have potentially sold at a 10% or 20% profit or maybe even a wee bit greater numbers, and we have seen time and time again that those kinds of profits are for ants in bitcoinlandia.. even some folks who shave large portions after several x of UPpity end up looking bad when they are subsequently shown (by BTC price movements) to have sold too much too soon..., and then failing and refusing, for a long ass time, to buy back in because the price is way higher than their sell price(s).

[Richy_T]

Not to mention that if you ask me the Tether news was also really kinda negative, though it's been a bit of a sleeper.  They pretty much admitted to being fractional.

Tell me it ain't so. Shocked, I tell ya. /s