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

[Gyrsur]

Explanation

Automated posting? How?

Chartbuddy doesn't use a browser. So that initial login is tricky. There may be ways of doing it manually and transferring the cookies to Chartbuddy if the forum doesn't guard against them but in my experience you tend to run into them expiring way too often and that requires manual intervention again. That's way less than ideal.

Bitcointalk offers a link for captcha-less login that works only for a specific user.
It has the form

https://bitcointalk.org/index.php?action=login;ccode=xxxxxxxxxxxxxxx

Could that help?

[ChartBuddy]

Explanation

[somac.]

So one thing about this latest dump is that none of the big names who have been expressing an interest in the last several months are saying negative things, quite the opposite it would seem. I'm glad to see that they have actually decided to look into the technology itself, if they didn't they wouldn't be making these comments IMO.

When I would sign up for a new broker using options in the legacy market, they would force me to answer many questions about it to make sure that I understand what I'm getting into. The exchanges should probably have something similar to make sure that noobs understand the technology, rather than just signing up to get rich quick. This is probably why very few/none of us here have ever panic sold our holdings.

Also, definitely some large dip buyers in the market right now.

[Globb0]

Oh hey.

Chartbuddy came back. WOW

[Gyrsur]

Oh hey.

Chartbuddy came back. WOW

you know what that mean for the future? any block size discussion are strictly forbidden forever. 

[Wekkel]

Some technical remarks about the recent price action: https://twitter.com/btcization/status/1395053801061634049?s=21

TL;DR: leveraged traders wiped out, whales took in loads of BTC on the cheap.

[shahzadafzal]

Dominance:  BTC: 43.2%  ...

I don't care about the BTC price at the moment... the bitcoin dominance matters..!!!

We are going up +3.2% up from 39% just two todays ago.

[shahzadafzal]

Some technical remarks about the recent price action: https://twitter.com/btcization/status/1395053801061634049?s=21

TL;DR: leveraged traders wiped out, whales took in loads of BTC on the cheap.

+ his advice but not a financial advice.... he summed up nicely in the last tweet

"This is nothing& should be treated as a huge buying opportunity. The macro landscape is unchanged."

How sweet...!!!

[ChartBuddy]

Explanation

[somac.]

Some technical remarks about the recent price action: https://twitter.com/btcization/status/1395053801061634049?s=21

TL;DR: leveraged traders wiped out, whales took in loads of BTC on the cheap.

I talked to someone I got into BTC years ago today. He had a trading account with 2.3BTC, lost all of it, margin called. Lesson learned he said.

[AlcoHoDL]

Some technical remarks about the recent price action: https://twitter.com/btcization/status/1395053801061634049?s=21

TL;DR: leveraged traders wiped out, whales took in loads of BTC on the cheap.

I talked to someone I got into BTC years ago today. He had a trading account with 2.3BTC, lost all of it, margin called. Lesson learned he said.

Wow. And to think that, soon, many (most?) Bitcoin HoDLer wannabes won't be able to own even 1 BTC... What a waste.

[Phil_S]

Explanation

it's a pleasure to have you back online! the one and only true ChartBuddy.

Explanation

Looks better with black background.

[strawbs]

If I have to see one more Talking Head wheeled onto MSM "news" programs, saying that bitcoin "is not backed by anything" and it "uses more energy than a small country"....

It boggles the mind that so few people will bother to do even the smallest investigations sufficient to realise the fallacy of these statements. Especially so if you know you're going to be asked for your 'informed' opinion to be spewed across national TV.

It really does go to prove that Henry Ford was right about the levels of ignorance:
"It is perhaps well enough that the people of the nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning."

and Andrew Jackson:
"In this point of the case the question is distinctly presented whether the people.....are to govern through representatives chosen by their unbiased suffrages or whether the money and power of a great corporation are to be secretly exerted to influence their judgment and control their decisions."

And from Mark Twain, which currently sums up my reasoning for not engaging with such people anymore:
"Never argue with a fool, onlookers may not be able to tell the difference."

[ChartBuddy]

Explanation

[Wekkel]

[stupidity of people]

The whole reaction to Covid nailed down these points for good; we are utterly lost as a species if group intelligence is the standard of measurement.

I also tend to think of Winston Churchill's famous quote in this respect:

Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.

People rather stick to convenient, simple lies than handle the complex, inconvenient truth 

[somac.]

Some technical remarks about the recent price action: https://twitter.com/btcization/status/1395053801061634049?s=21

TL;DR: leveraged traders wiped out, whales took in loads of BTC on the cheap.

I talked to someone I got into BTC years ago today. He had a trading account with 2.3BTC, lost all of it, margin called. Lesson learned he said.

Wow. And to think that, soon, many (most?) Bitcoin HoDLer wannabes won't be able to own even 1 BTC... What a waste.

Yeah it is, very unfortunate.

[BitcoinBunny]

If I have to see one more Talking Head wheeled onto MSM "news" programs, saying that bitcoin "is not backed by anything" and it "uses more energy than a small country"....

It boggles the mind that so few people will bother to do even the smallest investigations sufficient to realise the fallacy of these statements. Especially so if you know you're going to be asked for your 'informed' opinion to be spewed across national TV.

It really does go to prove that Henry Ford was right about the levels of ignorance:
"It is perhaps well enough that the people of the nation do not know or understand our banking and monetary system, for if they did I believe there would be a revolution before tomorrow morning."

and Andrew Jackson:
"In this point of the case the question is distinctly presented whether the people.....are to govern through representatives chosen by their unbiased suffrages or whether the money and power of a great corporation are to be secretly exerted to influence their judgment and control their decisions."

And from Mark Twain, which currently sums up my reasoning for not engaging with such people anymore:
"Never argue with a fool, onlookers may not be able to tell the difference."

People think there is some type of invisible safety net for every problem in life these days and that you are guaranteed to reach old age, be healthy and always be given money from the government when you struggle. Keep playing the lottery because you will probably win it one day. In fact it's best to start making plans already and we have plenty examples of people who got rich obediently playing for years. There is no need to think about the millions who never win, YOU will. Just play.
Just watch CNN / BBC for this info, wash your hands and keep 1.5 metres apart, take your covid jabs and you will just be hunky dory. Nothing will ever happen to you as long as you comply.
Oh but don't buy Bitcoin. Because Bitcoin is not backed by anything and uses more energy than a country. It is awful, don't go near it.
If you are white heterosexual male, make sure you kneel before every sporting event because you used to be such a racist and this is the only way to prove you now comply.

It almost makes you turn into an obedient alpaca all this ridiculous nonsense.

[gwaur]

[stupidity of people]

The whole reaction to Covid nailed down these points for good; we are utterly lost as a species if group intelligence is the standard of measurement.

I also tend to think of Winston Churchill's famous quote in this respect:

Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing had happened.

People rather stick to convenient, simple lies than handle the complex, inconvenient truth 

what's even more mystifying is how people will stubbornly clutch at even the most contrived, conspirational, unrealistic lies when it fits their misguided, imaginary convictions, instead of facing the simple, bare, but uncomfortable reality.

[shahzadafzal]

Wow this graph is the best I have seen yet.... to all the bitcoin lovers and haters.... bitcoin is unstoppable!!!!


https://twitter.com/DocumentingBTC/status/1395343539974856706

[gembitz]

Explanation

chart buddie giving non-fungible free beer tokens to people who get the bitcorn vaccine? lolzzzz