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

[Paashaas]

Consolidation comparison Bitcoin bull markets:
2013, 197 days
2017, 55 days
2021, 66 days (and counting)

https://twitter.com/therationalroot/status/1405864620150112256

[1714811016]

1714811016

[1714811016]

1714811016

[philipma1957]

I am still stacking BTC

[Torque]

Can we just appreciate for a moment that we are trading at $37k!! Thats insane if you think about! And people call this bearish. I could not imagine this price in the beginning of 2020 and after the covid dump. This is awesome!

After the Bitcoin market "crash", I know the MSM would like me to feel some sort of bad that the bitcoin price is still 400% of what it was this same time last year.

But I don't. Call me crazy.

[ChartBuddy]

Explanation

[JayJuanGee]

1% "crash" and $55m longs liquidated (I guess the max 100x leverage is to blame). 1% up and only $1m shorts liquidated. This explains why manipulators thrive and make money while n00bs are crying like babies. They think that with a $40K investment and with a 100x leverage long, they will get a whole bitcoin more, if the price goes up by 1%. This is like a casino, the chances are always in favour of the house. Until they learn this is doomed, or they lose everything, the game will continue.

I don't see the game of margin or leverage ending any time soon. It just remains a factor that needs to be consider in terms of factoring where BTC prices might go.. and sometimes if there might be incentives (or fuel) to be able to liquidate various newbs.. The newbs are not going to go away or learn, and there is NOT likely going to be any government coming in to save bitcoin from leveraging practices.  So, seems to me to best express these matters as an objective observation of what is happening rather than whining that bitcoin prices are not going up fast enough because people are greedy, dumb and likely getting taken advantage of.

You too?

At least you are going to work in a nice ride... 

Consolidation comparison Bitcoin bull markets:
2013, 197 days
2017, 55 days
2021, 66 days (and counting)

https://twitter.com/therationalroot/status/1405864620150112256

This is a good chart because it shows length of consolidation during a time that is presumed to be a bull market.  Of course, the presumption could end up being wrong (about our being in a bull market), but of course, currently there seems to be very little evidence to conclude (or presume) that we are no longer in a bull market.

Good luck to every body.

 

[cAPSLOCK]

This is next level of scamming.

Be more vigilant guys…!!!

So apparently scammers are mailing fake hardware wallets and pretending to be from Ledger with a letter signed by CEO.

Details here https://twitter.com/bitcoinmagazine/status/1405572965480153095?s=21

Apparently based on the Ledger leak. I'll be interested to receive one of these. I wonder what criteria they are using to select from the list.

I am also hoping to be selected for this!  First thing I do will be to paint it orange.  But I would LOVE to get this hardware.  I might even remove the hack and just have another ledger.  They are obviously putting serious work into this.

[JayJuanGee]

I am still stacking BTC

Whoaza!!!!!        you might be out of our league.. like Saylor style, no?

Can we just appreciate for a moment that we are trading at $37k!! Thats insane if you think about! And people call this bearish. I could not imagine this price in the beginning of 2020 and after the covid dump. This is awesome!

After the Bitcoin market "crash", I know the MSM would like me to feel some sort of bad that the bitcoin price is still 400% of what it was this same time last year.

But I don't. Call me crazy.

You are crazy...

for reals...


I am not kidding.  I was going to say it anyhow, so thanks for the reminder.  Crazy person!!!


You fuck.

This is next level of scamming.

Be more vigilant guys…!!!

So apparently scammers are mailing fake hardware wallets and pretending to be from Ledger with a letter signed by CEO.

Details here https://twitter.com/bitcoinmagazine/status/1405572965480153095?s=21

Apparently based on the Ledger leak. I'll be interested to receive one of these. I wonder what criteria they are using to select from the list.

I am also hoping to be selected for this!  First thing I do will be to paint it orange.  But I would LOVE to get this hardware.  I might even remove the hack and just have another ledger.  They are obviously putting serious work into this.

Well, just one person who has stacked 0.021 BTC or greater is going to give them a pretty decent return, and I am sure that there are still some people out there, besides Saylor who have more than 1 BTC.  They must have raked in a few BTC already.. seems that some people would have fallen for such a ploy (at least before it had been discovered and announced, no?)  By the way, I did a quick search, and I have not seen any reports of actual victims, yet (I mean people who actually typed their private keywords into the device).

[philipma1957]

more on Elon 'asshat' Musk







A wanna be.


At JJG

I am small potatoes

well under 10 btc

[Torque]

The reason why Wall Street and the rest of the world's deep pocket traders want shitcoins to stay around is very simple.

They can own a shit ton of them, and with very little real money and a fuck ton of 100X leverage they can create insane levels of trading volatility with them, fleecing n00bs out of their money. They can also create false narratives around shitcoins that gaslight n00bs into believing that X/Y/Z shitcoin is really special and is going to the moon just because.

With Bitcoin, they can't do that, not anymore anyway. It takes a fuck ton of real fiat money and a good bit of leverage to move the Bitcoin market just a little bit. And they can't and don't own a lot of it, because 90%+ is in the hands of "not Wall Street". Bitcoin HODLers can't be fleeced, and can't be convinced of false narratives. So it is not attractive to Wall Street whales. That's why they fkn hate it.

That's also why the MSM is so focused on promoting shitcoins and slamming Bitcoin. They are constantly trying to push n00bs into shitcoins. Constantly.

[ChartBuddy]

Explanation

[Dabs]

By the way, I did a quick search, and I have not seen any reports of actual victims, yet (I mean people who actually typed their private keywords into the device).

I think the hack works by showing a USB drive with an application that you run (which is the malware or the wallet stealer), when you run that it asks for the seed words, which is typed in your computer, not on the fake ledger device.

So some people are smart enough to not fall for it.

[modrobert]

Consolidation comparison Bitcoin bull markets:
2013, 197 days
2017, 55 days
2021, 66 days (and counting)

https://twitter.com/therationalroot/status/1405864620150112256

Hang in there, we made it this far. I like the graph, but yes, hard to tell when. Here's my hunch; when shit starts going up this time it will not stop.

[ChartBuddy]

Explanation

[AlcoHoDL]

This is next level of scamming.

Be more vigilant guys…!!!

So apparently scammers are mailing fake hardware wallets and pretending to be from Ledger with a letter signed by CEO.

Details here https://twitter.com/bitcoinmagazine/status/1405572965480153095?s=21

Intriguing!

I read the letter that they include in the package. It starts off in perfect English (probably copy-pasted from Ledger's site), and then the second half of the letter is a mess... It's screaming "phish hook" and, frankly, anyone who falls for it must be a total internet noob.

One thing that has always puzzled me is the fact that all phishing attacks I've received or seen (mostly emails, but also the one above), contain mistakes (spelling, grammatical, syntactical) in the text they use. I just wonder why this is the case. Can't the scammers find someone who knows how to write, and have him write, or at least proofread, the text they use? It's almost as if the scammers want to include mistakes, in an attempt to morally justify their actions (i.e., "it's so obvious it's a scam, so if you fall for it you deserve it because you're stupid").

Are there no educated scammers out there?

Strange world...

[Raja_MBZ]

Some random lines for y'all.

One random line worked:

[ChartBuddy]

Explanation

[ivomm]

$350m long squeeze liquidations for the last day! For a 6% drop this is quite a lot. Clearly the greedy high leverage guys prefer to lose on a bet their funds, instead of buying bitcoins on spot exchanges and hodling. An easy prey for the whales. As for the spot exchange traders, their misery is the same. Hodlers as always are not affected.

Edit. And roughly $13bil longs have been liquidated since 12 May, according to https://www.bybt.com/LiquidationData. I don't see CME and some other derivate exchanges in the list, so the sum is perhaps much bigger. Imagine all these fiat to had been invested in buying bitcoins! That is more than 400K coins! What stupid people inhabit this earth! Flatearthers, Moron Musk worshippers, etc...

[Toxic2040]

Some random lines for y'all.

One random line worked:

fixed

[Dakustaking76]

Some random lines for y'all.

One random line worked:

fixed

HAHAHAHHAHAHHA😂😂😂😂😂😂


Bro this one is good

Nice drawing of the game in the lines


Poeple think they know btc

[UnDerDoG81]

Cmon bears thats all you have? I want some cheaper coins.