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

[El duderino_]

LoL...

[1714797210]

1714797210

[Phil_S]

100k in one hour ....... oh fuck

Let me try...

42k in 3 hours!

[friends1980]

100k in one hour ....... oh fuck

If we wait maybe one day we will be able to see that Bitcoin has crossed $100k but you may jokingly say that in 1 hour bitcoin is possible, Of course, that is also possible presumption Bitcoin is at $96k and you say the next one will pass $100k in 1 hour then you will be right.

If Hungary's got some place left, give this dude ^ a statue too.

[BitcoinBunny]

Dump, Dump, dump your Bitcoins
Gently down the stream
Merrily merrily, merrily, merrily
You're an imbecile to sell, so it seems

[friends1980]

Dump, Dump, dump your Bitcoins
Gently down the stream
Merrily merrily, merrily, merrily
You're an imbecile to sell, so it seems

Dude, will you never learn:

making jokes in the crypto community is not funny...

[Wekkel]

This looks much more like August 2019 than January 2018. This would align with a 2013 redux scenario of 2 peaks. A first push which we have now passed, then a slow down (this time with less downside if Aug 2019 and onwards is used as reference) with grinding through a valley, and the ensuing new ascent to a new ATH. This of course disregarding the anomaly of March 2020.

This brings me to the following default scenario

• 6-12 months sideways between $30k-50k
• after a nice bowl pattern, up again

We just need to be patient and continue to stack sats.

[fillippone]

Really really interesting read on the recent dip which dip? from Glassnode:


The Week On-chain (Week 20, 2021)

As Elon Musk reverses his Bitcoin sentiment, new entrants panic sell and long term holders step in to hold the line.

	Inflows to exchanges are reaching critical levels	Weak hands are selling, diamond hands are buying

[Farmer Bill]

Dump, Dump, dump your Bitcoins
Gently down the stream
Merrily merrily, merrily, merrily
You're an imbecile to sell, so it seems

Yes B Bunny we will have none of your English jokes here.
Truly a bit of a light humor is needed after last nights turbulent activity.
Just getting light as I get my coffee will soon be awake.
So good dump volume into 39k. 38% ish down from ATH
touching 200MA
Media out of FUD
Little girls here out of tears.
Proudhon happy and vindicated.
Time for reversal.
Ive got a long day ahead.
In fact I'd have to do over 3000 more long days to recoup the BTC unrealized gains from 64k to 39k if I sold now.

Soon time for pictures of bottoms and the old question asked here "who sold at the bottom?"




  

[BitcoinBunny]

So I left a comment on the BBC article today saying I don't believe the reported inflation figures at all (suppossedly less than 2% per annum they are indicating).
Especially if we consider the increase in house prices (8% in the UK per annum). Council tax increases on average in the UK at 4.3% I also indicated locally you can see changes such as my barbers putting his prices with 25%. He has too. On top of that to pay for the pandemic we are left with tax bands that are not going to increase on year to year along with these false inflation numbers so you are only going to get poorer even if you get 5% ish pay increase (more than on average).

The typical imbecile replies:

- WeLl YoU cAn LoOk Up ThE fIgUrEs InStEaD oF mAkInG iLl InFoRmEd AsSuMpTiOns
- WeLl I hAvE sPeNt LeSs DuRiNg ThE pAnDeMiC aNd NoW cUt My OwN hAiR

People have no clue. Things are going to get much, much worse.

Utter morons who can't see what is in front of them.
1.5% inflation?! GTFOH! Nearer 10x!

[Wekkel]

People have no clue.

[..]
Utter morons who can't see what is in front of them.

The always recurring theme underlying all. We are still early with this Bitcoin thing. Very early.

[somac.]

Don't go down you bastard, you've done enough of that lately.

[sky999]

OMG that's it guys. Bitcoin is death. Sell all your coins. I give you a good price of 10k each. Do it now before Bitcoin goes to -20000 and you have to pay on top to sell.

Sell this shit. It's going to $1k next 2-3 months. Easy money, stupid!   

[modrobert]

So I left a comment on the BBC article today saying I don't believe the reported inflation figures at all (suppossedly less than 2% per annum they are indicating).
Especially if we consider the increase in house prices (8% in the UK per annum). Council tax increases on average in the UK at 4.3% I also indicated locally you can see changes such as my barbers putting his prices with 25%. He has too. On top of that to pay for the pandemic we are left with tax bands that are not going to increase on year to year along with these false inflation numbers so you are only going to get poorer even if you get 5% ish pay increase (more than on average).

The typical imbecile replies:

- WeLl YoU cAn LoOk Up ThE fIgUrEs InStEaD oF mAkInG iLl InFoRmEd AsSuMpTiOns
- WeLl I hAvE sPeNt LeSs DuRiNg ThE pAnDeMiC aNd NoW cUt My OwN hAiR

People have no clue. Things are going to get much, much worse.

Utter morons who can't see what is in front of them.
1.5% inflation?! GTFOH! Nearer 10x!

I think the 2% inflation is based on a selective calculation, whatever brings the lowest number. Meanwhile price indicators are deliberately obfuscated where possible.

Perhaps a bit wild, but I also believe the gold market is manipulated; the country based reserves are sold over and over "on paper" (no physical gold involved) to keep prices down, all done through financial constructs. Feel free to convince me otherwise, it would actually make me happy if proven wrong here.

[BitcoinBunny]

Really getting into that "I'd be a fool not to take a decent nibble" range now I think.

[somac.]

Really getting into that "I'd be a fool not to take a decent nibble" range now I think.

I need another payday to do so. So next week for me, but I hope the price is higher then.

[Paashaas]

Really really interesting read on the recent dip which dip? from Glassnode:


The Week On-chain (Week 20, 2021)

As Elon Musk reverses his Bitcoin sentiment, new entrants panic sell and long term holders step in to hold the line.

	Inflows to exchanges are reaching critical levels	Weak hands are selling, diamond hands are buying

Almost 17.000 coins withdrawn from exchanges this morning.

[BitcoinBunny]

By the way what's going on with all these UFO sightings recently and the US military admitting to seeing them so often?

Are we expecting some type of Star Trek First Contact meeting with aliens soon?

To be honest I never believed any of the stuff in the past.
I do remember being pretty freaky scared after seeing The Fourth Kind in the cinema over ten years ago (I even congratulated the director at the time on Twitter for his accomplishments -when I was on there- and got real nice replies back) but after that I never thought the distances in the universe make alien visits possible at all and reckon intelligent life is pretty unique, perhaps completely unique and mostly just a pure fluke of chance.

[shahzadafzal]

$38k .... EVERYBODY STAY CALM!!!!!

[Paashaas]

By the way what's going on with all these UFO sightings recently and the US military admitting to seeing them so often?

Are we expecting some type of Star Trek First Contact meeting with aliens soon?

To be honest I never believed any of the stuff in the past.
I do remember being pretty freaky scared after seeing The Fourth Kind in the cinema over ten years ago (I even congratulated the director at the time on Twitter for his accomplishments -when I was on there- and got real nice replies back) but after that I never thought the distances in the universe make alien visits possible at all and reckon intelligent life is pretty unique, perhaps completely unique and mostly just a pure fluke of chance.

Beyond me why people don't believe it, they are literally flying in the sky it can't be more obvious than that.

Soft disclosure i guess and yes they are planning something.

Enjoy the show.

[somac.]

Fuck sake. An asset this large selling off this much, for no good reason, is stupid. New Bitcoin entrants are not what they used to be. There should be a big bounce off this evetually if not it makes zero sense.