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

[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

[JSRAW]

It's blood everywhere!!! 🩸

Well you already know what to do in this situation.

[Richy_T]

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

OGs know what I'm talking about...

My memory may be failing me but that was a sharper but also shorter dip if I recall correctly (assuming this is a dip).

[somac.]

Any guesses when this stops. I think a 38% decline in the 2017 run was the biggest pullback, it would have to go below 39k to exceed that.

Wish I knew if it would get there or not, but there is a lot of panic out there right now so I have no idea. The real question is have institutions soured on investing in BTC? I guess we won't know that for a few weeks.

If we are going into a drawn out bear market, I must say it sucks to have one so soon. I still think that we will get some more strength towards the end of the year because nothing has actually changed, governments and CBs are still doing what they do best and they can't stop now.

HODL!!

EDIT: perhaps we should update the poll to a price related one.

[shahzadafzal]

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.

Exactly... I believe he just want to be different. He will say opposite of what normal say or do. For example he said we are living in a simulation so he knows how to stay in the news or memes. In case of Bitcoin he tried to be among the earliest who adopted Bitcoin and when he saw Bitcoin is becoming a normal thing he retreated. Doge stunt was also part of the game. He accepted this openly that he always try to be “extraordinary”...... he said “I think it is possible for ordinary people to choose to be extraordinary.” And the easiest way is go opposite.

Elon Musk should know this “Just because you're right doesn't mean I'm we’re wrong.”

[proudhon]

Any guesses when this stops.

Never.

I think a 38% decline in the 2017 run was the biggest pullback, it would have to go below 39k to exceed that.

It will.

The real question is have institutions soured on investing in BTC? I guess we won't know that for a few weeks.

We already know. They have.

[somac.]

Any guesses when this stops.

Never.

I think a 38% decline in the 2017 run was the biggest pullback, it would have to go below 39k to exceed that.

It will.

The real question is have institutions soured on investing in BTC? I guess we won't know that for a few weeks.

We already know. They have.

lol, you're consistent I'll give you that.

[BitcoinGirl.Club]

Observing @ $43,620 🤣

Who is selling?

[somac.]

Observing @ $43,620 🤣

Who is selling?

A bunch of cowards. Mempool is also starting to fill up again over the last few hours, I imagine that is all the sellers.

[Toxic2040]

Any guesses when this stops.

Never.

I think a 38% decline in the 2017 run was the biggest pullback, it would have to go below 39k to exceed that.

It will.

The real question is have institutions soured on investing in BTC? I guess we won't know that for a few weeks.

We already know. They have.

[somac.]

orderbook getting pretty compressed over on stamp now

[Richy_T]

Not looking great

Was Musk the manipulator all along?

[shasan]

observing below 43k

[somac.]

Not looking great

Was Musk the manipulator all along?

At this point who knows, a lot of fear out there right now so probably just natural selling.

[ChartBuddy]

[somac.]

Exactly what I was just looking at

see https://data.bitcoinity.org/markets/books/USD

good time for chart buddy's return I might add