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

[ChartBuddy]

Explanation

[1714186050]

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[1714186050]

1714186050

[1714186050]

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[Bitcoins101]

With 1 sat/byte transaction fees it's pretty obvious where this is going. Does anyone have a good chart comparing transaction fees to price movement?

[ImThour]

If you have been doing DCA, I am sure you are doing good.
Also, if you have bought an year ago, you are probably still in a 89.41% profit.

[El duderino_]

https://twitter.com/hadiyus29512140/status/1417343871525212180?s=21

[El duderino_]

[ChartBuddy]

Explanation

[El duderino_]

https://twitter.com/masterbtcltc/status/1416978910152060931?s=21

What is BTC gonna do ?
 

[ChartBuddy]

Explanation

[ivomm]

I guess this is the infamous 'profit taking'.

Exhibit A: Total realised loss (i.e. coins sold cheaper than bought on the spot exchanges) for 30 days - $10bil+.



Exhibit B: Total longs liquidations for 30 days - 20bil+ (without CME, bakkt and perhaps other derivate exchanges).

[Gyrsur]

BTC still not uncorrelated to U.S. Stock Market. must be in an early state.

[serveria.com]

$30,000 is fine, no problem.

It’s a problem for me personally if this seemingly endless slide downwards continues though. $30,000 is cool but $12,000 or something is not. I don’t need or want to buy any dip. I have enough bitcoin, I really thought we were going to $100,000+ this year.

I pray the bottom is near.

Even tho I had big plans for this year, now I'm mentally prepared to write 2021 off.

Plans moved to 2022, but it's ok, no big deal.

Nah, then we'd be switching to a 5 year cycle first time in BTC history. We're gonna moon later this year. $150-350k will be the blowoff top.  

P.S. Another possibility (very improbable) is that we have already mooned at $65k and the next cycle has just started. 

[ChartBuddy]

Explanation

[fillippone]

BTFD!



https://twitter.com/natealexnft/status/1417177614972854282?s=21

[ChartBuddy]

Explanation

[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.

And buying with $700. I don't know I'm ready if the price continues to go down although I think that unless something big happens during this week, the bottom for the end of the year will be 27K.

Next levels:

700$  ----- 28k
1200$ ---- 27k
800$ ----- 26k
1000$ --- 25k

and enough. 

[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.

And buying with $700. I don't know I'm ready if the price continues to go down although I think that unless something big happens during this week, the bottom for the end of the year will be 27K.

Next levels:

700$  ----- 28k
1200$ ---- 27k
800$ ----- 26k
1000$ --- 25k

and enough.  

We don't know where the bottom will be, but if there is one certainty in life it is that the central banks will always print and the governments will always do fiscal spending packages. Therefore eventually the price will go up (along with every other asset known to man). The only thing we/you have to be sure of is "can I hold, without selling forever if need be?" if your answer is yes, everything will be good.

As I mentioned above bitcoin price rises have a lot to do with increasing supply of fiat currency. And the monetary system requires ever increasing amounts of fiat, It's just how it was designed. Increasing fiat supply is therefore guaranteed. If it doesn't we end up with a Soviet style collapse. The CBs and Govs are never going to let that happen. So brrrrrrr.

Bitcoin is a long term savings vehicle, treat it as one rather than as an investment.

[eXPHorizon]

CME Very possible to Hit earth in 2022-24... Helpo while its possible ? I need 3 BTC

[ChartBuddy]

Explanation

[philipma1957]

Just grabbed some corn at 29 and change.

Will buy some at 28 when and if we get there.

[Farmer Bill]

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.

And buying with $700. I don't know I'm ready if the price continues to go down although I think that unless something big happens during this week, the bottom for the end of the year will be 27K.

Next levels:

700$  ----- 28k
1200$ ---- 27k
800$ ----- 26k
1000$ --- 25k

and enough.  

We don't know where the bottom will be, but if there is one certainty in life it is that the central banks will always print and the governments will always do fiscal spending packages. Therefore eventually the price will go up (along with every other asset known to man). The only thing we/you have to be sure of is "can I hold, without selling forever if need be?" if your answer is yes, everything will be good.

As I mentioned above bitcoin price rises have a lot to do with increasing supply of fiat currency. And the monetary system requires ever increasing amounts of fiat, It's just how it was designed. Increasing fiat supply is therefore guaranteed. If it doesn't we end up with a Soviet style collapse. The CBs and Govs are never going to let that happen. So brrrrrrr.

Bitcoin is a long term savings vehicle, treat it as one rather than as an investment.

It is both my savings and deposit account, spare fiat goes here.

I fund my bigger purchases with cheap interest loans or use the great deals available on lease, rather than dipping into BTC wallet. Only spending BTC if there is no other choice.

I recently added some BTC at $31.5k and will add more now at $29.5k, these are the most expensive coin I've ever bought.