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

[ChartBuddy]

Explanation

[1714666829]

1714666829

[1714666829]

1714666829

[1714666829]

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[Husires]

Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price.
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.

[ChartBuddy]

Explanation

[ImThour]

Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price.
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.

Maybe wait till 21st July, something's cooking up

[20kevin20]

Let's remember where it all started from and where we are right now: 14 days to flatten the curve turned into get n vaccines and still isolate yourself/get infected. I personally think that at this point it's all about choosing between risking side effects of vaccines and risking to catch the virus anyway and having its side effects instead. But as I said multiple times, one is a choice while the other is a probability.

The worst part is the Green Pass thing, which clearly discriminates people and is clearly a communist strategy they're easily applying all around the world under the excuse of protecting us. It's the exact same thing they're doing with Bitcoin, Monero and terrorism/crimes. They're using these excuses to try controlling Bitcoin and us. Just think about the rules and laws they've been adding in the past two years. Remember they tried to break Bitcoin LN and Monero.

They want to add backdoors in everything? China already has them. They want to analyze every European citizen's messages ever to determine whether they should be flagged as criminals or not and revoke our right to privacy? China already does that. The world's governments coming up with regulations through which its citizens get denied access to certain services if using crypto the non-surveillance way? China pretty much has a citizen social scoring system that's eerily close to that.. Remember China was the first AFAIK who came up with those "passes" needed for entry in public transport vehicles, restaurants, shops etc. Europe is doing that now.

All the stuff above is happening under two kinds of escuses: terrorism/crime and "our protection". But through them, we're getting very close to how China treats their citizens. I think it's quite clear "protecting us" is not their intention anymore (if it ever even was) and they're seeking completely different goals instead. By the time we'll all accept green passes and whatever else they're willing to be shoving up our arses, there'll be no more going back to what we previously had.

[ChartBuddy]

Explanation

[somac.]

Does anyone know why GBTC FUD did not affect the price? I was waiting with a little cash but there was no drop in the price.
my last time I bought it was around 29500 and it went up an hour later to around 34,000, it was perfect timing.

Maybe wait till 21st July, something's cooking up

Sure feels like something is cooking.

Actually, right now it feels a lot like the 2018 $6000 level just before the drop to $3000. I hope it is not going to repeat that but the lower highs with solid looking support is exactly what happened then.

[Saidasun]

Funny thing is that I could not really get the matter out of my head, so I sent my uncle a text and I proposed a "friendly little bet" about the calendar year.

I said that I would give him a 30% headstart because I am nice like that, and I proposed that we make a friendly bet about the price of bitcoin versus the price of stocks (proposing using the DJI), and I said that we could figure out the denominator for each at the beginning of the year, and I suggested that I win the bet if BTC performs at a higher percentage by the end of the calendar year, and he wins the bet if the DJI performs at a higher percentage at the end of the year...

An easy-peasy and straight-forward bet, no?  I have not heard back from him, yet.. but he really does not text very often, so he has that excuse.. so I may have to remind him when I see him in person.. not sure when that will be.  

We would bet something like $5 or some kind of small token amount.. but I gotta hear from him, first.. so that we can settle (agree upon) the denominators of each and the other terms of the proposed calendar year bet.

Through such a bet, I will attempt to determine the level of his conviction (cockiness today) and if he is willing to put his pride on the line for the end of the year.. He's the one who proclaims to "like" calendar year nonsense, and I will go along with his framework... and we will see how it plays out.. I am not really worried about if I lose.. but I want to see if he is going to have some conviction beyond what he says on one day then acts like he forgot that he said it.. blah blah blah.

Well for your sake I hope that he takes the bet as that would probably shut him up for good and when/if he loses you can just tell him that you've done him a favor and shown him that Bitcoin is worth investing in so he may have lost the $5 that you wagered but he now has the proof and the encouragement to trust that Bitcoin is profitable.

I might think about proposing this bet to some of my friends & family see if they bite the bullet when it comes down to it.

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Ok I get the re infection part, and I knew that, since vaccines are 100% ok and we all know that.

But then the green pass part? Why should I bear a green pass to board a plane if I can get reinfected and still be contagious/prone to reinfection?

You should not. its discrimination even if its not meant to be.

[ChartBuddy]

Explanation

[BillyCoiner]

Time to convert to precious metals which are proven time & again as hard money, a store of value, a medium of exchange.
Time to get rid of your magic internet beans before the big long squeeze & crash to $10,000.
Please sell everything.

[somac.]

A lot of sell walls on bitfinex. Nothing on other exchanges, must be that fuckwit whale. He is going to get massivily burnt at some point.

[20kevin20]

Time to convert to precious metals which are proven time & again as hard money, a store of value, a medium of exchange.
Time to get rid of your magic internet beans before the big long squeeze & crash to $10,000.
Please sell everything.

Yeah, please do. There are enough of us who can't wait to accummulate more.

[somac.]

Yeah, please do. There are enough of us who can't wait to accummulate more.

Don't reply to these trolls, just ignore them, and don't quote them.

[AlcoHoDL]

Trollery activity correlates well with price. This is fine.

Where is proudhon?

[ChartBuddy]

Explanation

[Philipma1957cellphone]

Trollery activity correlates well with price. This is fine.

Where is proudhon?

He shrank to zero and is gone.

[ChartBuddy]

Explanation

[somac.]

20s here we come. Sigh.

[AlcoHoDL]

Trollery activity correlates well with price. This is fine.

Where is proudhon?

He shrank to zero and is gone.

That's bad news... Expect a dip... And not for ants (a.k.a., a deep dip).

[Mpamaegbu]

I always remember that cartoon whenever the market is in a turmoil. Panic sales everywhere...