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

[LFC_Bitcoin]

Sold nothing but I logged into Kraken & thought about it  

Just hope it stops soon man.

[somac.]

I’m gonna wake up to sub 30k aren’t I?


This sucks man, really does.

No shot, $30k will hold believe you me it's all good!

I wish you were right
But we are crossing it now
That's how bitcoin do...


A haiku for this moment... deep breaths my friends.

In the end fuck it. None of us here are selling and if we have to wait another 3 years so be it.

I agree...  But what are we waiting for?  Moon?  

I remember 4ish years ago... when It broke 1k,   I panicked when it dropped back down a little later.  Sold a bunch right at the bottom.  Ended up buying ~90% of it back.

That lesson was expensive, but it seems to have cured me.

It is hard to remember at times like this that Bitcoin really cannot be stopped.  What's happening with China is really really bullish.  And this "bitcoin is too vollitle!!!" stuff?  It's a great disguise for what bitcoin really is.

If it were any more obvious, well it would already be where we want it to be, and lots of us would never have had a chance.  We are experiencing the pain that most people cannot handle, and it will paty off... I mean.. it kind already has, right?

This is what we live through to be able to say:

I know it looks easy in hindsight, but it was hard as hell living through it.

That sums it all pretty well. Long term we are golden, short term just kind of sucks, but if I was a nocoiner and wanted to get in I'd be loving this dip. In fact that is how it was for me in 2013 after the 266 highs.

I spent 2 full days researching Bitcoin during that rip higher and I came away convinced of its awesomeness. I opened a bitstamp account and waited for the bubble to pop. Which it did a few days later. Got my first coin under 100 and was not scared at all in buying it. There would be many out there in that situation right now, and they deserve their future gains.

And in a decades time my immediate response when someone says I was lucky, will be to punch them in the face. This shit ain't easy, but it does pay off.

[modrobert]

Anybody selling?

I was feeling confident 30k would hold, but had a stop-limit order which went through selling some BTC when we went below 30k. The reason for placing the order a couple of days ago was so I could get some sleep and USDT to BTFD if the 30k barrier was broken, feels like a dumb plan in hindsight, not sure yet. Probably a bad idea to admit in here, but it's the truth.

[ivomm]

In other words, traders and fudsters are trying to persuade us that the fair market cap of Bitcoin is equal to eth market cap a month ago?!? Really?!? Even if 30K is breached for some time, so what? Moar buying of course!

[El duderino_]

Both buying and selling …… 

[AlcoHoDL]

Both buying and selling ……  

Yeah, smart people buy, idiots sell. The great digital wealth transfer at play.

[somac.]

In other words, traders and fudsters are trying to persuade us that the fair market cap of Bitcoin is equal to eth market cap a month ago?!? Really?!? Even if 30K is breached for some time, so what? Moar buying of course!

What a joke right.

I mean lets think about things for a moment. Is the constant printing of fiat currency going to stop from here on? No? well BTC will be back to its highs again in the future. It's that simple.

[modrobert]

Both buying and selling ……  

Yeah, smart people buy, idiots sell. The great digital wealth transfer at play.

More like day trading when the boat is taking in water to plug the leaks.

[Lucius]

$30k has finally been broken, now the question is whether we will return above that level or the price will still melt - and given the temperatures that some of us are experiencing these days, this will be a really very hellish summer

[JayJuanGee]

Question: Is ChartBuddy an A.I?

No.

It's a real peep.

2. Many big players (Saylor et al.) are accumulating BTC like crazy. And it's not just Saylor. There must be other big players that don't want to advertise their actions. Saylor is not only a HoDLer, but has risen to be a major Bitcoin evangelist, a more pragmatic, less scientific, more digestible version of the charismatic Andreas Antonopoulos. The latter is the scientist, the former is the engineer. Both are needed, both are right. Not many people want (or can) take that role, but they can buy BTC, and they do.

I agree with most of what you wrote, but I personally don’t like that individuals accumulate so much BTC despite being distinctly bullish at the moment - because it’s known what Saylor thought about BTC back in 2013, and I can never rule it out the possibility of him changing his mind again - because he is, after all, just a man trying to make as much profit as possible.

What Bitcoin needs is more decentralization, which is just the opposite of people like Saylor or Musk becoming his trademark.

Part of decentralization is anyone can do whatever the fuck they want, including attempting to corner the market.

If you do not like that Saylor is trying to corner the market, or that Musk could attempt to corner the BTC market if he were to want to, then better either get the fuck out now, or make your own efforts at cornering whatever portion of bitcoin that you can manage to corner with your $500 worth of fiat.

[edited out]

[edited out]

Decentralization of ownership of coins is not going to happen. It's against human nature, and is the reason things like comunisim came to be and the reason why they fail.

That's ok though because ownership of coin is not that important in the decentralization story. Preventing control over the protocol is where decentralization matters and as we have seen recently, no matter the price, no matter the bullshit of regimes like the CCP, Bitcoin itself continues on without issue. It has and will always allow anyone, without prejudice, the ability to transact.

Hahahaha

You are correct somac.. I hate to say it...

But anyhow, if this were proof of stake, rather than proof of work, we might need to concern our lil selfies a wee bit more with cornering the BTC market attempts.

Otherwise, who gives any shits about how many coins Saylor, Musk or some BIG custodian like Coinbase or some other one(s) have?

30K is still alive!  

30k support be like.....

Gotta quote my lil selfie here (I hate when peeps do that.. sometimes u gotta do what's u gotta do):

I’m gonna wake up to sub 30k aren’t I?


This sucks man, really does.

Get a grip, LFC...

Just gotta say... You have broken the threshold.

Just remember:  >>>>BTC = all fun and games, until someone's eye gets poked out.<<<<

[Hueristic]

 That made me laugh so hard.

Killed me as well!

https://www.youtube.com/watch?v=ke3ua0kLhYA

[modrobert]

One thing is certain, I will not die from boredom anytime soon, roller coaster to hell.

[somac.]

This drop might be like the one from 6k to 3k in 2018. Reckon it won't get any lower than 20k though and that will be the end of the drops.

Mempool getting a work out on these dips. Weak hands transferring coins to an exchange I guess.

[suchmoon]

Happy parity day!

[modrobert]

this drop might be like the one from 6k to 3k in 2018. Reckon it won't get any lower than 20k though and that will be the end of the drops.

The only barrier/bottom which proven to hold several times in the past weeks was $30k (well, technically it had a spike down into 29k that lasted a second), for me it's unknown territory below, have no clue or sense of direction. Starting to understand how the vikings must have felt when they believed the world was flat and they would sail over a cliff one day, but still kept going in the same direction, discovering new territory, exciting as hell.

[Philipma1957cellphone]

I grabbed some corn today.

Will get more later.

[somac.]

this drop might be like the one from 6k to 3k in 2018. Reckon it won't get any lower than 20k though and that will be the end of the drops.

The only barrier/bottom which proven to hold several times in the past weeks was $30k (well, technically it had a spike down into 29k that lasted a second), for me it's unknown territory below, have no clue or sense of direction.

Who knows where it will stop, but in the end the inflows will match supply eventually and the lower the price goes the easier it is for it to do that.

[ChartBuddy]

Explanation

[cAPSLOCK]

And in a decades time my immediate response when someone says I was lucky, will be to punch them in the face. This shit ain't easy, but it does pay off.

Yeah.  I do not know how we will ever win that argument.  It is kind of a "had to be there" thing.

They may never know what balls it took to hold through all the swings.  Even though the reason they never bought in was they did not have those balls.

It is comforting that Bitcoin, as inevitable as it is, is just not obvious enough EVEN STILL for the masses to get in and stay in.  It's that adoption graph.  Lots of those folks will be calling us lucky as they buy their first sats to be able to easily pay for their coffee.

I am typing this message on a computer that runs Arch Linux.  Some of my technical friends even will say, man why do you run that off the wall OS?  They do not realize that if they use an android phone, a MAC or ANYTHING on the internet that they TOO are running a *nix OS.

I think bitcoin will be like that too.  Strike is the first hint.  People using bitcoin, but not actually even knowing it...

We are kind of lucky though...

[suchmoon]

The dip broke ChartBuddy. Look at those bald spots. Get some vitamins, buddy.