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

[JimboToronto]

Good afternoon Bitcoinland

What a ride. First a $10k capitulation, then a $10k bounce, and now back in the $4xxxx range... currently $40236USD/$48640CAD (Bitcoinaverage).

Ho hum. Hodlers unaffected.

Jimbo throwing his bitcoins into a lake should have been a warning signal. Hohum.

I'm just glad I bought the dollars to trade for the lake when I did. I got lucky. I spent my last Bitcoin on the day of the ATH. Couldn't have timed it better.

Hopefully we'll see another ATH before I have to spend more on infrastructure (road construction, off-grid solar, etc).

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[Farmer Bill]

Bitcoins going down and I don't think I'd put any money in to Bitcoin right now. Instead I would put all in ETH, ADA and Matic this is how I survive in this red. will see you later once I feel positive about BTC.

When is the right time to put money in to Bitcoin?

Now sub $50k  Or later at $much higher price.

Real answer is anytime.

Your best bet is to play safe and put it all into your national currency sit on it for 10 years and watch it's purchasing power rot away.


If Bitcoin does end in a bloodbath the blood will be shallow compared to your investment in the Alts.

So mrjoy how did your strategy work out with your divestment into shitcoins during sais event.

[shahzadafzal]

For your reference read his tweet and then look at his Twitter bio...!!
BTT, TRON, PANCAKESWAP, WIN, CAKE



And he bought 4145 BTC...What did you understand?

https://twitter.com/justinsuntron/status/1395059400155435009?s=21

[bitebits]

Bitcoin’s Initial Block Download (IBD) [...] and verification can be up to 62% faster compared to Bitcoin Core.
https://blog.bitmex.com/faster-blockchain-validation-with-utreexo-accumulators/

Faster Blockchain Validation with Utreexo Accumulators
BitMEX Research
19 May 2021

Abstract: In this piece, 100x Group grantee Calvin Kim announces the success in speeding up Bitcoin’s Initial Block Download (IBD) using the Utreexo client. While the speed improvement can vary depending on one’s local hardware and bottlenecks, the initial download and verification can be up to 62% faster compared to Bitcoin Core. Since many optimisations are yet to be implemented, the speedup is expected to increase. Calvin goes on to talk about how the IBD can be split up into multiple tasks, and therefore conducted by multiple computers. Eventually the plan is to implement Utreexo in C++ and get it merged into Bitcoin Core. While this may be a long way off, the C++ implementation has already been started.

[cAPSLOCK]

So.. I will say one thing.  The last BIG corn buy I did was March 12 2020.

I am about to do another one... looks like today, but we will see.

I bought 0.05638 @ ~35.5k  Not quite the bottom, but I am still feeling pretty good about it!

Although damn... That last time I got more than 4x the BTC for 1/2 the price.  It's amazing how little $2k will get you now even when it IS on sale! I say that's a 'big' buy... Well it is for me, I typically stack in the 100-200 range, and really just to feed my degenity.

[Farmer Bill]

This up-going you're talking about is just noise on the way down. I told ya'll. $20k before the year is out. And every year after this one will just get worse and worse. This horse is dead.

I'm curious how many other specialized forums you visit, just to complain about the thing the forum is about. Seriously, if you don't like something, nobody cares!
Unless you're a paid troll or have some other agenda. Either way, Bitcoin doesn't care about you. Being on my Ignore list means you're in bad company.

Putting Proudhon on ignore means you'll miss out on part of the wide variety of entertainment available on this forum.

Unignore him at once he is an essential part of WO.

[Gatorelf]

Crypto market cap
$ 1.58T   man a lot of money flowed out fast.. $48B or so

Typo? It’s $480B or so...

Want to hear a good news? That $480 billions will be coming to Bitcoin

yes correct 480B   ,,,, social media now days can really cause some swings lol

[Febo]

For your reference read his tweet and then look at his Twitter bio...!!
BTT, TRON, PANCAKESWAP, WIN, CAKE



And he bought 4145 BTC...What did you understand?

https://twitter.com/justinsuntron/status/1395059400155435009?s=21

Finally a serious guy taking over Bitcoin. He will provide advertisements and get aboard older investors like Warren Buffet and Charlie Munger. Forget this Sailor and Musk moonboys.  Their only interest is too scam you and get rich and turn this world into shit. Justin Sun saw how Communism work from inside he is here to make World better place. Bitcoin will help him achieve that.  

[Phil_S]

30000 -> 40000

This is fine.

[shahzadafzal]

30000 -> 40000

This is fine.

and that's too just in 4 hours.... that will translate to +$2500/hr

[LoyceV]

Proudhon is the richest OG here. He just enjoys trolling, no idea why.

I didn't know his account is from 2011. Interesting. So he's either a rich troll (go to Twitter!) or sad he wasted it all on pizza or something.

It’s one of the curious things .... I would like to know the most on this forum...

If you read older posts he’s a normal chap.

Would he’s account been sold or anything I don’t know but it’s that or maybe he did that worst trade, he might be the guy from that tweet and complained he sold while bitcoin skyrocketed to 8 bucks.... he might be that or such a guy and salty atm or he’s having fun trolling while holding a big chunk, I could see a weird kind of humor in that last but though I wouldn’t be able doing such a thing cause it ruins people and n00bs etc

Believe it I have been hearing a lot today, will write later this evening.... some serious laughs with some newer people, laughing whiteout them hearing it of course it’s pity for them the same time 😬

I'll sell you the rights to my story for a million Ripple.

Best I can do is 50 sats.

Putting Proudhon on ignore means you'll miss out on part of the wide variety of entertainment available on this forum.

Unignore him at once he is an essential part of WO.

I must admit I got intrigued by the fact that he's been here for more than 10 years.

[OutOfMemory]

Foook me, what a ride!!!   
Sold a little on the way down, to set even lower buy limits, as i was away the whole day.
Also some levels i didn't even think about to get filled, but i got them all.
Thanks, leveraging apes.

Gotta relax a bit now, to backread WO for about two days....
#hodl

[JimboToronto]

I must admit I got intrigued by the fact that he's been here for more than 10 years.

I would have thought the alpaca avatar would have tipped you off. That screams OG.

[luckygenough56]

can't wait for the bottom retest, always a retest

i make tons of money on shitcoins, i didn't trade bitcoin and ethereum for months, even tho it was worth it today big move but the likes like cardano and others did 0.86 to 1.52 xd, doge 0.20 to 0.33 in a few minutes this is ridiculous . Be gone Elon tho.

i don't hold i daytrade tho it keeps me entertained

[OutOfMemory]

Guys!

Just stumbled over this tweet from M.Burger:

₿urger (@marcelamdax) ...
Anyone able to provide some intel related to this remarkable post on 4channel?

The entire crash was announced yesterday.

Wonder what you guys think.

https://t.co/i5h6KNEVEH

https://twitter.com/marcelamdax/status/1395050420242894853?s=03

EDIT: If this really plays out, Proudhon is proven as a fake 

[Sayeds56]

For your reference read his tweet and then look at his Twitter bio...!!
BTT, TRON, PANCAKESWAP, WIN, CAKE



And he bought 4145 BTC...What did you understand?

https://twitter.com/justinsuntron/status/1395059400155435009?s=21

Source: https://t.me/OfficialCryptoIndia/8198

[bitserve]

I must admit I got intrigued by the fact that he's been here for more than 10 years.

I would have thought the alpaca avatar would have tipped you off. That screams OG.

I am even more surprised that Loyce seems to not have listened the Proudhon song... which, coincidentally, fits todays sentiment:

https://www.youtube.com/watch?v=A7TuFy0fcuw

THAT is OG.

[modrobert]

This is awesome.

https://youtu.be/zcFqtaP2dck

  It's not possible to make a gif of the whole thing and post it (too large) but I love this part:

 

Yes, awesome, just replace the MTGOX car passing by early on with a train wreck on fire, which makes the protagonist ooze smoke for the rest of his walk.

[JayJuanGee]

Hi, my name is cAPS, and I am a multidump survivor.

-pause-

HIIII cAAAAPS.

-pause-

Yeah well anyway this time I was believing in something called a supercycle, and before you know it I was back up to 40% dumps in a week again.

Group hug?

last time was the s-curve, remember that.

Attention negative short-term bitcoin analysts (aka whiners who have insufficiently pee pared their lil selfies psychologically and/or financially).

Protip:  we still have s-curve.

It's called exponential growth s-curve adoption based on networking effects and metcalfe principles.

That has not disappeared at all, and part of the reason that some peeps might not be able to see it is because it goes beyond the 4 year cycles and quite likely even the 12+ years of bitcoin cannot even capture it very well..

Think about the matter?  How much adoption do you expect bitcoin currently has?   are we over 1% yet?  Yeah, sure there are some rich peeps hoarding, some OGs hoarding and even some institutional entrants who are hoarding, so how much has bitcoin really penetrated into retail (meaning the massive population)?  

Get a fucking grip if you are trying to analyze the existence or the degree of movement of s-curve exponential adoption within a four-year cycle or some other random and wimpy time-frame that is not sufficiently zoomed out.

It could dump all the way back to sub $30k..

By the end of the day.

This is fucking outrageous, we’re losing so much money.

You don't lose any money if you never bought any....

hahahahaha

just kidding.. I know that this is NOT a time to be kidding.. but still...

[proudhon]

Guys!

Just stumbled over this tweet from M.Burger:

₿urger (@marcelamdax) ...
Anyone able to provide some intel related to this remarkable post on 4channel?

The entire crash was announced yesterday.

Wonder what you guys think.

https://t.co/i5h6KNEVEH

https://twitter.com/marcelamdax/status/1395050420242894853?s=03

EDIT: If this really plays out, Proudhon is proven as a fake 

I have insider information that that post is fake news, and it's not going to play out like that. $70k? lol