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

[somac.]

i couldn't resist it's so funny

https://www.phonandroid.com/cryptomonnaie-anti-elon-musk-attaque-fondateur-tesla.html

he has certainly lost a lot of goodwill over this episode

[El duderino_]

[psycodad]

In other news: Tree huggers and whale lovers jump on the assburger train.

Greenpeace has said its facility for accepting Bitcoin donations will be scrapped as it is “no longer tenable” in light of the climate crisis.

Luckily the Petrodollar is totally green and secured by recyclable unicorn farts and sustainably harvested rainbow juice.



Somebody please make a green BTC logo so we can move on.

[cAPSLOCK]

~snip~

Wow, buddy... This one has a real chance of launching you into being the next Mindrust.

Haha, so is he still a no-coiner? It'd have badly hurt to see all the epic parabolic action being designed by a number of institutional investors.

I'm pretty much a no-coiner too right now, & literally, all of my "poor" friends in Pakistan are currently coiners (most of them bought above $50k). But I'm in a position that even if it keeps going up, $100k or $200k, I'll just cheer for y'all!

The chart pretty much looks topped out to me, so I'm keeping my George Washington papers.

:Thumbs up:

Good luck sir.  Well, sort of.  I mean... I hope you remain happy and those of us holding benefit as well.

[ChartBuddy]

Explanation

[cygan]

another thing about energy consumption and enviroment - i found this funny meme

edit: ooops, sorry - homie El duderino_ was faster

[BitCoinBurger]

there is a report from green peace about the energy consumption of social media,
unfortunately i don't find

[Richy_T]

I'd like to know bitcoin efficiency vs the trucks and SUVs sitting in the drive-through at all the banks in my town. Let alone for the banking infrastructure itself.

Hasn't anyone made an infographic for this bullshit yet?

[Arriemoller]

Not to mention all the useless shitcoins, like Bcash and it's forks.

[somac.]

there is a report from green peace about the energy consumption of social media,
unfortunately i don't find

Do they have an energy report about energy consumption of humanity in general? Maybe they should stop accepting humans into their organisation because the life of 1 human is very distructive to the environment. Actually, I guess they could just recruit from those primitive tribes that live deep in the amazon, they may not be that destructive.

Actually, if they were smart they'd work on destroying humanity. Every breath we make is killing the climate.

[ChartBuddy]

Explanation

[El duderino_]

another thing about energy consumption and enviroment - i found this funny meme

edit: ooops, sorry - homie El duderino_ was faster

There is no problem in unintentional double posting, I have it all the time 

[JayJuanGee]

I think I should let y'all know my current position in BTC: 0.

I got completely out at ~$50k and will load back whenever the 200 Week Moving Average trend line is touched (currently at ~$12.5k but going up rapidly). This could take a year or more; I'm fine with it.

I'm currently sitting at ~5x my 2018 ATH, so I'm not really worrying about the price going up or down at this moment. Just chillin' out & providing liquidity to Uniswap's USDC/DAI pair.

...and yes, I think we've entered the bearish territory.

Non-financially though, I'm *still* in a lot of trouble.

I've got bad news for you: you are going to rebuy higher or never at all. x5 are noobish gains man you know that yourself. Congrats on becoming a nocoiner and mindrust v2.0 

lol you'll be lucky if this bull trap goes back to even 50k, most likely they are opening tons of shorts to retest the low.

You believe that the opening of a lot of shorts shows that the BTC price is going down?


Whoaza!!!!

And who cares about bitcoin it's an antiquity losing its marketcap to the next big things it will go extinct like the dinosaurs.

Oh my.

Is something wrong with my lil head?  I cannot even think of one project that even comes close to bitcoin in terms of value add and where I would like to put my money for actual investing (let's say 4-10 years or more).

Sure, there could be some short term playing arounds that work out, but still cannot really think of a good place to put value besides bitcoin.. is it me?  Am I missing something?

I have another news for you Bitcoin is now too expensive for 95% of people to even buy one so they turn to cheaper alternatives.

Last time I checked, there was no need to buy a whole bitcoin in order to increase your potential of becoming richie.

Riches can play who has the biggest but new blood to dump on will be lacking unless they are some dumb healthy investors.

I don't recall you being so retarded previously, lucky - enough... maybe you just had not said anything previously in order to demonstrate such levels of retardedness?  Perhaps?   

Also the volume is ridiculous and price artificial they can dump the price 50% with a tiny fraction of the coin supply it's ridiculous. Cheers.

I think that you are correct that our previous dump from about $50k-ish to $30k was partly a product of being able to force leveraged longs to be called.. so once the dumpening was taking place, the leveraged longs provided fuel for further dumpenings - so I am not sure where you get the logic that another further dumpening based on leveraged longs might end up taking place, when you, in fact, recognized that leveraged shorts are building up.

I surely do not claim to be any kind of expert in regards to whether leveraged shorts are going to outnumber leveraged longs in order to fuel UPpity rather than DOWNity, but seems to me that we already had a decent amount of DOWNity, and also seems to me that we still happen to be in a bull market.  BTC price moves do tend to go in the direction of whatever kind of market we are in, so to presume DOWNity when the tendency is UPpity seems to be contrary to the current trend.. and the trend continues to be our friend, no?

[fillippone]

Observing 38,856@Stamp.
2,500 USD Red dildo.

China FUD:



https://twitter.com/wublockchain/status/1395744914000863233?s=21

UPDATE:



https://twitter.com/thomasheller_/status/1395751509279744005?s=21

Excerpts:

Adhere to the bottom line thinking, strengthen the all-round scanning and early warning of financial risks, promote the reform and transformation of small and medium-sized financial institutions, focus on reducing credit risk, strengthen the supervision of the financial activities of platform enterprises, crack down on Bitcoin mining and trading behaviors, and resolutely prevent individual risks from being transmitted to the social field.

[Arriemoller]

My tolerance for whining is zero right now so I shut Chartbuddy off. I notice also that the price dropped after I did so so draw your own conclusions.

... turn it back on, it's just some stupid old norwegian curmudgeon who a) creates dramas so people will talk to him and break his sad loneliness and b) is too stupid to ever being able to figure what the CB 3d Wall means frustrates the hell out of him

... hourly and more frequently during high percentage price moves please  

Norwegian?

 It'll become obvious once he sees you partying hard on June 6th.

We did own Norway for a while, between 1814 and 1905, officially it was a union, (The united kingdoms of Sweden and Norway) but it was de facto a Swedish conquest.

From Wikipedia.

"Norway had been in a closer union with Denmark, but Denmark-Norway's alliance with Napoleonic France caused the United Kingdom and Russia to consent to Sweden's annexation of the realm as compensation for the loss of Finland in 1809 and as a reward for joining the alliance against Napoleon."

Denmark did get Swedish Pomerania as a small compensation, and they immediately lost it to Prussia.

https://en.wikipedia.org/wiki/Union_between_Sweden_and_Norway

https://en.wikipedia.org/wiki/Swedish_Pomerania

[Richy_T]

Actually, if they were smart they'd work on destroying humanity. Every breath we make is killing the climate.

They're on it. 👍

[somac.]

dump for ants? I thought the noobs would have no coins left to sell.

[Richy_T]

 

If that caused this new dip, I guess we haven't shaken out all the weak-hand noobs yet. Maybe just the traders hoping for a bit of front-running?

[JayJuanGee]

My greatest buy today since a while, I know I shouldn't say this but I'm so proud of myself. I was able to reduce a bit of spending in the last two months and my monthly buy was the biggest and the largest (in btc terms of course ).

I am shocked!!!!!!!!!!!

Absolutely shocked!!!!!!!!!


Note:  according to your forum registration, you, Karartma, have been in bitcoin for about the same amount of time as me.

Weren't you in bitcoin in 2015?  when BTC had spent so much time in the $250-ish arena?

So for example, in 2015, $10k could get you 40BTC, no?

Right now, even at these more or less bargain BTC prices (let's call them $39k-ish as I type - well dropping fast.. so I am still going to use $39k.. even though I see $38k $37,610 being touched upon with a long red candle as I type).. you are ONLY going to get .25641026BTC for $10k (in the event that you have $10k) and to buy 40 BTC it is going to cost you $1.56 million..... so yeah, I appreciate that money printer has gone burrrrrr but still $10k has not deflated all the way to $1.56 million has it?  

In other words, which one is it, good ole buddy?  why u be celebrating "bargains" so much based on 5 digit BTC prices?  I want some of what u gots.       

[El duderino_]

The sudden dumps out of nowhere....

Followed by a weekend - pump perhaps?