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

[ChartBuddy]

Explanation

[Richy_T]

Italy are the Euro 2020 Champions.

It amuses me that despite seeking Brexit, England still endorses Euro tournaments 🤷

It did before it was part of a monolithic superstate, no reason why it wouldn't after.

[Richy_T]

It amuses me that despite seeking Brexit, England still endorses Euro tournaments 🤷

Geography we are in Europe.  We are just not dictated to from the European Community
It amuses me how dumb people are

... And who is the dumb person here? Someone who claims to be from England but can't get their grammar right? The Queen, Her Royal Majesty, needs to see this...

*Geographically would have been the correct grammar for anyone wanting to advance their English vocabulary.
The Queen is busy though, doing very little, but very busy I'll have you know.

I think he was going for 'Geography! We are in Europe'. That works rhetorically. Punctuation is often a little less clear with fractional sentences.

Edit: I see he corrected it. Yet I am still oddly inclined to believe my assessment is correct.

[JayJuanGee]

Depending on how deep you are into the nonsense, sometimes it can take a bit of focus to ween ur lil selfie from dumbass shitcoin smoke and mirror thoughts, but we (the royal we) are here to help you in the event that you might be serious about such weening.

First thing that you likely need to remind yourself of is to say to yourself that ethereum is a shitcoin.. so maybe say "ethereum is a shitcoin" into the mirror 10 times or so on an hourly basis, and that might be the beginning of help.. Perhaps?  perhaps?

On the other hand, we can ONLY do so much to help you to help yourself in terms of purgening your thoughts about that piece of shit coin/project that is called ethereum.  If you are too far gone, then you may just need to wait until you get your ass burned pretty badly, then you might come around to understand that there is no project or coin that even comes close to comparable to king daddy.. not in terms of equals.. or quasi equals.  You need to be thinking about various shitcoins, including that piece of crap ethereum, like snake oil salesman imitators, that frequently are trying to print money and engage in other foolery shenanigans and really as bitcoin wannabes.. but they are not.. they chose not to work with bitcoin.. so they are mostly attack vectors, unless they at least recognize king daddy for its proper spot rather than erroneously (perhaps purposefully) assuming king daddy to either not be king or to have some kind of material and substantial defect... .which you need to come to recognize as being untrue... someday you might come to appreciate... Perhaps?  perhaps?

That's a start... you seem to be in your early stages, but it likely would be better practice if you present your internal dialogue about such stupid-ass shitcoin privately, in order that by the time you come to this here thread, you don't need to mention such shitcoin(s), except perhaps in passing.  We (perhaps royal?) be talking about king daddy here.

Rome was not built in a day.

True Bitcoiners are in it for the technology. The most important aspect of this technolgy being that central banks and goverments can't destroy your wealth from money printing. The side affect of this is getting rich, why? Because the central banks and governments keep printing money.

I for one wish they would stop, so that my wife didn't have to work, I could afford a home, a 2 child family, and still save for my retirement, all on my own labor from a regular job. But alas, they are criminal traitor scum, so here we are. Increasing our wealth with Bitcoin to reach a point equal to a middle class family in the 60s, all while believing in the technology. Which we wouldn't have to do if they weren't fucking up the monetary system.

Bitcoin is not special in the sense of increasing in fiat value, take a look at all the other assets out there vs the fiat currency. It's just that Bitcoin is a small market so growth is going to maximise returns compared to other assets hence we will get richer than others. And, in a world where goverments are going all 1984 on us, Bitcoin has that other benefit of not being able to be confiscated.

If you have been in bitcoin for about as long as me, there there would already be possibilities that you are (or have been) advancing in your level of richie status in order that wifie should not have to work.. and that should come sooner than it would have had under the more strict standard, so in the status of a couple, if you are striving towards "fuck you" status, you might not get there all of a sudden, but you could get closer and closer. .. and sure in recent times, I have been proclaiming entry level fuck you status to be around 147 coins (that would be with a bottom price of $13,600 as I type - 208-week moving average. and of course a $2 million dollar valuation), and sure maybe you need to tweak that amount a wee bit upwards for a couple rather than a single person and based on other personal circumstances.. but if you have a goal of the wife to stop working before you, accomplishing that would be showing that you are getting closer and closer to "fuck you" status.

We're going to be sideways at $33k until October... I have the most terrible feeling...

You are wrong quite frequently, so there is that angle, too.   

[Farmer Bill]

It amuses me that despite seeking Brexit, England still endorses Euro tournaments 🤷

Geography we are in Europe.  We are just not dictated to from the European Community
It amuses me how dumb people are

... And who is the dumb person here? Someone who claims to be from England but can't get their grammar right? The Queen, Her Royal Majesty, needs to see this...

*Geographically would have been the correct grammar for anyone wanting to advance their English vocabulary.
The Queen is busy though, doing very little, but very busy I'll have you know.

She is 95 years old and still manages to work longer hours than our younger 78 year old dotard, sleepy Joe Biden.

[JayJuanGee]

We're going to be sideways at $33k until October... I have the most terrible feeling...

Good for miners
Good for hodling
Good for DCA and Hodling.

So follow the above

But if you trade a lot be very careful.

Well, yeah stable prices, but likely NOT the kind of "stable" that the more bullish (but likely unrealistic) of BTC HODLers had been hoping for.... in other words, sideways is not likely to take place within 15% of the top when making ATHs on a monthly basis for 5 months straight.

And, here we seem to largely have our range between around 53.5% ($30k) and 39.5% ($40k)... and sure of course you can tweak the numbers of our range if we are wanting to focus on having had been around $35k (or below) for a decent amount of time, which would be around 46%.... and my point remains that not too many of the more bullish of BTC HODLer folks are comfortable correcting around this range, even if it truthfully happens to also be around 3.5x higher prices than we were experiencing around early September 2020 (a mere 9.5 months ago).

We're going to be sideways at $33k until October... I have the most terrible feeling...

And what will happen after October ? Will be pump from 33,000$ towards a new all time high or dump more towards 20,000 ?
As many people are expecting the halving pump in December (similar to 2017), we may actually dump in december, get rid of the weak hands and then go for an all time high in Jan/Feb 2022.

Of course, you have to get one leg right before you will even come close to figuring out what the next leg is going to do, which might point out how unrealistic it might be to even proclaim something like a "sideways until October", but hey anything is possible.. and so if we get sideways until October, sure there could be a peak in 2-3 months, but more likely would be that it would take a longer period of time to get such a peak.. ...so yeah, it makes sense that if sideways were to drag out until October then the pek might not happen for a longer period of time... and geez to have a December dump before a January/February rise does seem a bit much and if you are trying to get the shaking of weak hands that you are projecting, then it would likely take longer for the recovery from such an extensive dumpening (were it to occur as a December 2021 dump rather than pump).... 

[ChartBuddy]

Explanation

[El duderino_]

We're going to be sideways at $33k until October... I have the most terrible feeling...

Which year?

Maybe typo ….. if where lucky he means August 

[bitcoinPsycho]

It amuses me that despite seeking Brexit, England still endorses Euro tournaments 🤷

Geography we are in Europe.  We are just not dictated to from the European Community
It amuses me how dumb people are

... And who is the dumb person here? Someone who claims to be from England but can't get their grammar right? The Queen, Her Royal Majesty, needs to see this...

*Geographically would have been the correct grammar for anyone wanting to advance their English vocabulary.
The Queen is busy though, doing very little, but very busy I'll have you know.

I think he was going for 'Geography! We are in Europe'. That works rhetorically. Punctuation is often a little less clear with fractional sentences.

Edit: I see he corrected it. Yet I am still oddly inclined to believe my assessment is correct.

The fault, dear Brutus, lies not within the stars, but in ourselves, that we are underlings

[philipma1957]

Depending on how deep you are into the nonsense, sometimes it can take a bit of focus to ween ur lil selfie from ...

 appreciate... Perhaps?  perhaps?

That's a start... you seem to be in your early stages, but it likely would be better practice if you present your internal dialogue about such stupid-ass shitcoin privately, in order that by the time you come to this here thread, you don't need to mention such shitcoin(s), except perhaps in passing.  We (perhaps royal?) be talking about king daddy here.

Rome was not built in a day.

True ... monetary system.

Bitcoin is not special in the sense of increasing in fiat value, take a look at all the other assets out there vs the fiat currency. It's just that Bitcoin is a small market so growth is going to maximise returns compared to other assets hence we will get richer than others. And, in a world where goverments are going all 1984 on us, Bitcoin has that other benefit of not being able to be confiscated.

If you have been in bitcoin for about s.. but if you have a goal of the wife to stop working before you, accomplishing that would be showing that you are getting closer and closer to "fuck you" status.

We're going to be sideways at $33k until October... I have the most terrible feeling...

You are wrong quite frequently, so there is that angle, too.  

If we stay in the 32-34 groove with very low diff rise.
Would not that be the definition of stable price level.
Many said this time is different.

So a six month flat like line for price say 32-36k and diff fluxing down to 13.5 and slowly back to 17,5 by october seems more and more likely.  lack of chips = no selling op for asic builders

Like it or not bitmain is a 4way whale

gear building
gear sales
self mining
cloud mining ops with OPM

and of course none of us know their coin holdings anymore.

They used to have over 200k coins

[ChartBuddy]

Explanation

[JayJuanGee]

Depending on how deep you are into the nonsense, sometimes it can take a bit of focus to ween ur lil selfie from ...

 appreciate... Perhaps?  perhaps?

That's a start... you seem to be in your early stages, but it likely would be better practice if you present your internal dialogue about such stupid-ass shitcoin privately, in order that by the time you come to this here thread, you don't need to mention such shitcoin(s), except perhaps in passing.  We (perhaps royal?) be talking about king daddy here.

Rome was not built in a day.

True ... monetary system.

Bitcoin is not special in the sense of increasing in fiat value, take a look at all the other assets out there vs the fiat currency. It's just that Bitcoin is a small market so growth is going to maximise returns compared to other assets hence we will get richer than others. And, in a world where goverments are going all 1984 on us, Bitcoin has that other benefit of not being able to be confiscated.

If you have been in bitcoin for about s.. but if you have a goal of the wife to stop working before you, accomplishing that would be showing that you are getting closer and closer to "fuck you" status.

We're going to be sideways at $33k until October... I have the most terrible feeling...

You are wrong quite frequently, so there is that angle, too.  

If we stay in the 32-34 groove with very low diff rise.
Would not that be the definition of stable price level.
Many said this time is different.

So a six month flat like line for price say 32-36k and diff fluxing down to 13.5 and slowly back to 17,5 by october seems more and more likely.  lack of chips = no selling op for asic builders

Like it or not bitmain is a 4way whale

gear building
gear sales
self mining
cloud mining ops with OPM

and of course none of us know their coin holdings anymore.

They used to have over 200k coins

Well if anyone asks you what the BTC price of bitcoin might be in 1 month, 3 months, 6 months, 9 months, 12 months, 24 months or some other time period, starting out with a presumption of flat and then perhaps adding a bit or subtracting a bit, might not be a bad starting point, and sure the shorter the time period (including the fact that October is only 2.5 months away) causes the choosing of a number close to the current price to NOT be a bad bet.

Of course, if you account for the three most dominant BTC price prediction models of stock to flow, 4-year fractal and exponential s-curve adoption, then you are still relatively safe in proclaiming flat prices in shorter timeframes, but you might be better suited to account for the cycle aspect of bitcoin too, the longer that you attempt to project out....

So, I am not even proclaiming that flat might not happen for another 2.5 months even though we have been in a kind of flat for about 2 months already, but I have my skepticisms, as well in presuming flat during a likely war.. that is if you believe that we are in a war rather than in some kind of mature asset class (which surely is one of the stupid-ass and continued errors of both mainstream media and also know it all peeps who come to bitcoin from other trading environments and presume bitcoin is like any other asset or like a stock blah blah blah)..   So I would be somewhat hesitant in being too presumptive in having a good feeling about where you believe BTC prices might be going in the next 2.5 months merely because you have a decent assessment regarding where we have been for the past 2.5 months (and probably longer since we do have access to that information, too).

[ChartBuddy]

Explanation

[Philipma1957cellphone]

Buddy strokes the slot again hour after hour and day after day.

Not a lot of action  in the wo as 1/3 of people are in hold mode.

And only a few are DCA
Plus some are down as they were in at a high number.

I CAN SEE a guy that is in at 45-50k as very nervously thinking do I bail

[HI-TEC99]

Buddy strokes the slot again hour after hour and day after day.

Not a lot of action  in the wo as 1/3 of people are in hold mode.

And only a few are DCA
Plus some are down as they were in at a high number.

I CAN SEE a guy that is in at 45-50k as very nervously thinking do I bail

That guy should HODL like the spartans.

[ChartBuddy]

Explanation

[OutOfMemory]

geographically we are in Europe.  We are just not dictated to from the European Community
It amuses me how dumb people are

Well done Italy you deserved to win  

The community that wasn't one, and probably never will be.
You can't build a culture with economic rules and agreements alone...
Globally, we're in the same boat. All of us.

EDIT:
Spartanic lifestyle: Wallet empty, bank account empty, not a single sat sold.

[LFC_Bitcoin]

The market needs some of this spirit right now 



@mrstrangefact
A Honey Badger in a South African wildlife center escaped his enclosure twice to fight the lions in the exhibit beside his, built towers out of rocks and sticks to climb over his wall, and when introduced with a mate, stood on her head to unlock the gate and get out once again.

https://twitter.com/mrstrangefact/status/1414656416908861441?s=21

[HI-TEC99]

...

Do you know what's happened to gentlemand?

[ChartBuddy]

Explanation