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

[UmerIdrees]

chartbuddy explained a couple of dozen pages before.
Just view his profile, see the latest posts and scroll/click to the relevant one, i estimate it's between one or three week(s) old, to date.

The exact link to the post will be appreciated and will save a lot of time for me. 

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[El duderino_]

[ChartBuddy]

Explanation

[JohnBitCo]

Heading towards the bitcoin season, we need to be in bitcoin 

[El duderino_]

7th day of the week,
eleven thirty crossfit.
The dude doesn’t rest.

[FIFA worldcup]

Sorry for asking this a noob question that how to read this chart 
I have seen this Automated Posting chart on this WO thread but could not find an easy material on how to read it.  

This may be helpful for you.
The chart shows the market depth for the time period mentioned.

Explanation
Chartbuddy provides a chart which shows the change of the market depth with time.

Chart shows the market depth for the last hour, the beginning of the hour at the back, latest time at the front. The bids (what people are willing to pay) stack up on the left and the asks (what people are wanting to get paid) stack up on the right.

A depth chart indicates how much it would conceivably take to shift the price. Note that orders can be cancelled so judgement should be applied. Large orders produce a large vertical part on the chart or a "wall". By watching how walls are added, moved or removed, it is possible to make a judgement of market sentiment (or arguably just observe attempts at market manipulation).

The large numbers at the top are the latest values for the closest bids and asks. The difference between these is the "spread".

World times are also listed for several major cities.

[bitebits]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?

Still a crab oh well

Seems Bitcoin even invented a new species: The Craboctupus.

[ChartBuddy]

Explanation

[bitebits]

Poll proposal:

If you could get a 'free' bitcoin today, but had to pay $55k for it a year from now (2022.June.27), would you take the deal?

[AlcoHoDL]

Why you shouldn't sell your Bitcoin for the next 100 years | Interview with Michael Saylor

Saylor, in his usual educational & entertaining style, talking about thermodynamics and Bitcoin. A good watch, especially for the engineers among us. The link to (and importance of) thermodynamics and conservation of energy in Bitcoin's design may be rather obvious to many of us, but many common people fail to recognize it. It was precisely that link, which prompted me to research further about Bitcoin, and eventually buy my first 0.5 BTC for $120 in 2015.

It's like having (and acting on) inside information about a stock, except that, in Bitcoin's case, the "inside information" is out there in the open, for everyone to access, understand, and make use of. It's sad that so few people do.

[modrobert]

If you ever feel doubt about Bitcoin or the BTC/USD rate, I think it will help watching this one:



https://www.youtube.com/watch?v=LgI0liAee4s

Besides inflation, another big reason to feel bullish about Bitcoin long term.

[ChartBuddy]

Explanation

[Karartma1]

That's sad.
 

[ChartBuddy]

Explanation

[psycodad]

Sad to hear, RIP.
His life-saving donation to the OpenBSD project [1] [2] made me curious about BTC for the first time.

[LFC_Bitcoin]

@DocumentingBTC
Ricardo Salinas, third richest person in Mexico, "Me and my bank are working to be the first bank in Mexico 🇲🇽 to accept #Bitcoin "
https://twitter.com/documentingbtc/status/1409136983855804424?s=21

[Hueristic]

http://trilema.com/2014/interacting-with-fiat-institutions-a-guide/

In the spirit of candor, let me make it perfectly clear that what's being discussed here is nothing else and nothing short of the SEC's ultimate relevancy and importance in the Bitcoin space, and so far I am not particularly impressed. Let us work together to improve upon this shaky basis if at all possible.

All the best,
Mircea Popescu

[JimboToronto]

Sorry for asking this a noob question that how to read this chart 
I have seen this Automated Posting chart on this WO thread but could not find an easy material on how to read it.  

Quite simply it's an ongoing record of the order book at an exchange (in this case Bitstamp).

Each line represents one minute. Red are the bids green are the asks.

After all, this is the wall observer, not the "price observer".

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation