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

[BobLawblaw]

Graduating from titanium plates to raw existential angst for my testicle-smashing routines is really paying off, yo.

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[shahzadafzal]

WTF?
Did Elon dump his BTC??

We still discussing him???

 I respectfully disagree.  I've been on this highway for 8 years, Elon for what? 5 months tops?.  You have him on the main road and us taking a detour but I see it like this:

Well trust me when I was posting i realized the mistake that why it's "We" diverging... shouldn't it be the guy "Elon" diverging from the straight line?? But then I said f it... who gonna notice.

But little did I know.... the "laser eyes" gonna notice for sure... so here is the updated one.

If memory serves Paul Walker was driving that white Toyota.
I think we'd rather be in the American car and have Elon Musk drive that Supra considering Paul Walker died in a flaming ball of fire due to his own and his friend's stupidity. Almost as dumb as giving up on Bitcoin... almost.

Your analogy is great but still... somehow I don't want any tragic end for Elon... give him time to come back... it's a long uturn...



By the way in my context earlier I did put "Elon on the Doge".

[proudhon]

Feels like old times in here.

[Paashaas]

[Toxic2040]

the late night doom scrolling report


#dyor


4h


D


W

[BobLawblaw]

[Sayeds56]

Is something missing, such as a link?  #justsaying

Am I the greenie in this context?

If so, I could think of worse.

 

https://cointelegraph.com/news/83k-bitcoin-price-in-the-cards-after-data-shows-btc-whales-bought-the-dip?utm_source=Telegram&utm_medium=social

https://www.instagram.com/p/CN2bNh7H_uj/

[somac.]

Mother fucker.

Looks shocking, head and shoulders played out and has pretty much hit its target. Would be fucking retard stupid to sell now. Any mindrusts yet?

I guess when they said bitcoin was dead all those years ok we should have listened to them and not invested.

[somac.]

Unconfirmed transactions have shot back up into the mid-high 30k area, my bet is that is all the coins getting sent to the exchanges to sell.

It will be interesting to see the coins on exchanges charts over the next month. I see that there has already been a speedy increase.

[shahzadafzal]

I don't understand how it really works but should we be worried about the price or BTC dominance? see...

On 12th May BTC was $57k and BTC dominance was at 42%
Today 19th May BTC is $39k and BTC dominance is at 40%

That's 31.5% price drop... but market dominance is slightly changed.

Stand your grounds and trust bitcoin there is nothing happening to bitcoin... this is a regular ups and downs... see the old graphs. Bitcoin recovered every dip and came back even stronger every time.

[modrobert]

Looks like the mainstream media is now fully utilized in the Bitcoin lies and FUD spreading, someone high up wants cheap BTC, and they are running out of time. I see the current rate as an indicator how gullible people in general are, and surprisingly many seem to fall for it. Hook, line and sinker.

[Paashaas]

No Pain No Gain!

[somac.]

I don't understand how it really works but should we be worried about the price or BTC dominance? see...

On 12th May BTC was $57k and BTC dominance was at 42%
Today 19th May BTC is $39k and BTC dominance is at 40%

That's 31.5% price drop... but market dominance is slightly changed.

Stand your grounds and trust bitcoin there is nothing happening to bitcoin... this is a regular ups and downs... see the old graphs. Bitcoin recovered every dip and came back even stronger every time.

I don't know, but I don't like it. I think the bull market is over for a little while now. While we have seen alright volumes at this level we're not seeing a strong bounce yet, so that's not promising. If it is over we should see BTC start to gain back dominance like before, but probably won't reach the 70% highs again due to the fact that there are now many more shitcoins than before. I'm thinking we'll hit 60% at most.

So I wouldn't worry yet. The concern right now should be are entering into a 2013 bear market or a 2018 one, I still think 2013 and if I had a pot of fiat I would be buying now.

[somac.]

No Pain No Gain!

Yeah, we've all been here before, it's not a worry. A new batch of long-term hodlers is being born as we speak, we will came back stronger and in larger numbers, and will continue to do so until the monetary system turns from inflationary, to deflationary, or better yet perfectly balanced. That will happen only when the sheeple wake up and hang their oppressors, so I'd say 30 years minimum.

At the all time high, $39000 would have got you only  0.6 of a BTC, now it will get you a whole 1. New money goes a lot further at these price levels.

[El duderino_]

When everyone starts talking about entering a new bear market 

*edit, and 10K bottoms

[somac.]

When everyone starts talking about entering a new bear market  

+1 WO merit

[Wekkel]

Alts are finally correcting somewhat (although Ethereum/BTC is still doing ok).

On my long term signals, we are between bull and bear. It could still be a severe correction, but it takes time to play out. If it becomes a bear market, $10k is our bottom 

Let the games begin 

[Wekkel]

Looks like the mainstream media is now fully utilized in the Bitcoin lies and FUD spreading, someone high up wants cheap BTC, and they are running out of time. I see the current rate as an indicator how gullible people in general are, and surprisingly many seem to fall for it. Hook, line and sinker.

After the Covid charade, nothing surprises me anymore. Godwin starts speaking to me but we all know how that could have happened.

People are a cowardly dumb bunch when in groups 

[somac.]

Alts are finally correcting somewhat (although Ethereum/BTC is still doing ok).

On my long term signals, we are between bull and bear. It could still be a severe correction, but it takes time to play out. If it becomes a bear market, $10k is our bottom 

Let the games begin 

Ethereum/BTC are the only ones that get any use so that makes sense (even if the major use of Ethereum is to run scams).

Hoping for the severe correction myself.

[Paashaas]

Twitter offers a much better journalism than all the media outlets together, this shows how rotten the media has become.

Try to avoid them it will only makes you negative.

(The gym re-opens today for the first time in 6 months ore so. Need to start slowly otherwise i'll have major muscle pain tomorrow.)