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

[ChartBuddy]

Explanation

[Biodom]

Oh dear..


https://twitter.com/WorldCryptoNet/status/495715681132765184

 Will another law making it even more illegal to hold computer systems hostage for bitcoin do anything actually?  Maybe the Russian oligarchs should just embrace bitcoin rather than using their puppets to enact more useless laws.  

That was from 2014.

@Paashaas traveled back in time to bring us a fresh fud-zicle.
I fell for it...almost.

[nanobtc]

Today I:
Sold a rusty, dirty old 4x4 truck for fiat.
Traded the rusty, dirty old fiat for a few slivers of clean, shiny BTC.

Life is good.

[bitcoinPsycho]

What the fuck is this shit....my bitcoins are only 300% up in the last 12 months . Fuck this shit

[Richy_T]

you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants.  Now the rest of the world pics up China's slack with more energy efficient grids.  Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.  

A lot of the Chinese mining has been using unallocated hydropower for a long time. It allows for building infrastructure that can be used before it is needed for the purposes it is ultimately destined for.

[Richy_T]

See!  This is super useful to see.  It is encouraging to see so little piled up on the sell side considering the damn valley we are currently in.  But to honor our lone dissenter I have reduced the sizes in the quote to teensy-weensie.  Wait.  That sounded like something JJG would say.  Uh oh... something might have gotten stuck down in there.

Unfortunately when the walls stack like that, it often means we're due to move into the high (lower) side. The sells don't pile up, they just eat into the buy side (and vice versa when fortunes are flipped). It does explain why bounce-backs tend to be a bit easier though.

[ChartBuddy]

Explanation

[somac.]

fuck this shit.

Have your various interest earning bullshits been liquidated, yet?

sorry for your loss.

Only a loss (actually still mass amounts of profit) if I sell, and that is NEVER going to happen.

[Karma24]

[Gatorelf]

you could say the crackdown on Chinese mining is good for BTC as this will reduce the carbon footprint. They use mostly coal fired power plants.  Now the rest of the world pics up China's slack with more energy efficient grids.  Next there will newly designed miners ( probably in the works now) that will dramatically reduce power usage while increasing computation abilities.  

A lot of the Chinese mining has been using unallocated hydropower for a long time. It allows for building infrastructure that can be used before it is needed for the purposes it is ultimately destined for.

right they started out with massive mining outfits using Hydro power, however that was years ago so I was thinking more on the individuals that sprung up in a country that size mining from home the last four years or so.   

[somac.]

I'm honestly surprised there hasn't been a bounce yet, but I remember that last cycle they dips went on for 3-5 days.

We just went though another round of FUD and the price bounced off 33k to 37k. Not a huge bounce I admit, but after the massive drop we have had, and everybody pretty much saying it's all over, I'm surprised that this FUD didn't put us under 30k, it should have, and now we are at 37k.

We'll have to see how the FUD goes this weekend that they are surely going to drop on everyone.

[somac.]

I have to agree with this.



The China FUD was perfectly timed last night as the price was just starting on its way through resisitance. And there has been so much bullshit spewed and manipulated from various sources since this all began that I don't think there is any doubt.

What the authorities don't get though is that it is them who is driving the price higher through their monetary and fiscal policies, and they don't do anything to stop it, because they are greedy shits who think they can have their cake and eat it too. Pure sociopathic behaviour that will burn their organisations (and hopefully them) in the end.

[Biodom]

I have to agree with this.



The China FUD was perfectly timed last night as the price was just starting on its way through resisitance. And there has been so much bullshit spewed and manipulated from various sources since this all began that I don't think there is any doubt.

What the authorities don't get though is that it is them who is driving the price higher through their monetary and fiscal policies, and they don't do anything to stop it, because they are greedy shits who think they can have their cake and eat it too. Pure sociopathic behaviour that will burn their organisations (and hopefully them) in the end.

yes, like China is doing the fudding and dumb (or potentially commie-infiltrated) Western governments are nodding in approval.
...but i am going to utilize bitcoin (for lawful ends) whenever I please.

[philipma1957]

Buy the dip set up your desendng ladder of buys.

I am good down to 27k.

cheap corn for all.

[bkbirge]

Buy the dip set up your desendng ladder of buys.

I am good down to 27k.

cheap corn for all.

Got the dip. Also the top. And everywhere in between. DCA.

[ChartBuddy]

Explanation

[somac.]

This would be a laugh if it actually happened

[El duderino_]

Buy the dip set up your desendng ladder of buys.

I am good down to 27k.

cheap corn for all.

I’m good for 100k and lots more,

Btw.... just gotta ask....

Where you guys find new money all the time...?

And why for them OG’s mostly isn’t that most of the cash not in BTC when te price was 3-digit etc....

But still, every week new cash to buy, impressive

[somac.]

Buy the dip set up your desendng ladder of buys.

I am good down to 27k.

cheap corn for all.

I’m good for 100k and lots more,

Btw.... just gotta ask....

Where you guys find new money all the time...?

And why for them OG’s mostly isn’t that most of the cash not in BTC when te price was 3-digit etc....

But still, every week new cash to buy, impressive

still working perhaps? that's how I get my fresh fiat.

[El duderino_]

https://twitter.com/documentingbtc/status/1395859535282245632?s=21