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

[eXPHorizon]

It's not my birthday... what are you talking about...

But still... Happy Birthday Phil 😂 Misunderstandings happen and they are funny sometimes like this hehe

Just go with it

[1714160864]

1714160864

[JayJuanGee]

And buying with €1000... again. Keep selling cabbage hands, you don't deserve your Bitcoins.

A couple of my buy orders have triggered too... I am not so excited about having them triggered, but sure.. there does come additions to the stash with such moves downity.... still does not cause me as much citttteeeee as if we were to go UPpity.. which might take a few days to get some stability and comfort back in order to get the possibility of UPpity and stop testing the current local bottom of $28,600 or whatever is currently being tested... how low will she go?  how low will she go?

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

What is BTC gonna do ?
  

2x would almost be $60k... not sure if it will happen, but seems possible.... 1.5x would be $45k

There is no guarantees in bitcoin, and if we have to start measuring 6% per year from here, then maybe we are not keeping up with inflation, but $30k x 1.06 = $31,800.....   Hoping for more, of course... especially because we had seemed to have had been in a bull run that has been challenging the extent to which we are still in such bull run. and surely I am still inclined to believe that we are still in a bull run.. so the next two weeks may well be critical. ^tm

[Toxic2040]

A couple of my buy orders have triggered too... I am not so excited about having them triggered, but sure.. there does come additions to the stash with such moves downity.... still does not cause me as much citttteeeee as if we were to go UPpity.. which might take a few days to get some stability and comfort back in order to get the possibility of UPpity and stop testing the current local bottom of $28,600 or whatever is currently being tested... how low will she go?  how low will she go?


2x would almost be $60k... not sure if it will happen, but seems possible.... 1.5x would be $45k

There is no guarantees in bitcoin, and if we have to start measuring 6% per year from here, then maybe we are not keeping up with inflation, but $30k x 1.06 = $31,800.....   Hoping for more, of course... especially because we had seemed to have had been in a bull run that has been challenging the extent to which we are still in such bull run. and surely I am still inclined to believe that we are still in a bull run.. so the next two weeks may well be critical. ^tm

CT seems to think $27.5k could be a local bottom    dunno...these heatmap charts look like gobbledygook to me...well..the second one anyway     ymmv


https://cointelegraph.com/news/bitcoin-erases-2021-gains-as-btc-price-falls-to-biggest-bid-ever-on-binance

[Hhampuz]

What does preev.com show for you guys? I was happy that it showed $32k so nice quick bounce I thought but binance says $29.8k..

[JayJuanGee]

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

Fuck that nonsense about supposed correlation.. you gotta be zooming ur lil selfie a wee bit outwardly.

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.

Your framing is a wee bit weird, but what else is new, somac?

Part of the explanation for bitcoin's increase in value over the years is the depreciating value of the dollar, but get a fucking grip, bitcoin has appreciated way more in value than the dollar has lost.... just take the last 10 years for example, bitcoin has gone up 1000x or more and the dollar has probably ONLY lost around 50% of its value.  

You can even choose a shorter period, such as the last 4 years.  In the past 4 years, bitcoin has gone from $2,500-ish to $29,500-ish, which is about 11.8x price appreciation.  The dollar has lost 20% to 30% of its purchasing power at best during those past 4 years.... so get the fuck out of here with your simple-ass explanation that is ONLY part of the explanation about what is going on in terms of the great historical appreciation of BTC's price and also there is no real sign that bitcoin is not going to way the fuck out appreciate the value of the dollar way greater than the amount that the dollar is losing value and likely to continue to lose value... where you going to put your bets?

By the way, I do not have any problem with having somewhat conservative expectations - but you, somac, seem to frequently get so much caught up whining about short term negative BTC price moves that you lose sight of the BTC positives and even the likely future positives coming through BTC  - not that you are even appreciating that we likely are in the midst of the greatest wealth transfer that man has ever seen.. so sure, it is not easy to see what is going on while in the midst of it, so I will grant you the being blind in the midst aspect.  (perhaps better than being a gorilla in the mist?)

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

Exactly.. you "need 3 BTC"  like a 3 year old "needs 3 BTC"...

Your begging is unbecoming.. and sure, another red trust might just cause me to look like I am out to get you, no?  ..

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

What is BTC gonna do ?
  

Nice try but Bitcoin cycles are more likely related to the halvings which are something more like 3 1/2 years. Those date ranges are broad enough that the 2013/2017 outcomes fit but quite possible we've already seen our growth for this cycle.

I wouldn't mind that being wrong though

You are likely wrong... richie..

Funny how you have such strong conviction about this theory of a possible early bear cycle... Of course, we will see.. but I doubt that the odds are in your favor.

[ChartBuddy]

Explanation

[JayJuanGee]

What does preev.com show for you guys? I was happy that it showed $32k so nice quick bounce I thought but binance says $29.8k..

We use bitstamp in these here parts.. ... part of the rationale is to try to be consistent and being on the same page.. including if there might be some weird shit going on.. .. Sure, Bitstamp has been manipulated from time to time too, but has had a pretty decent track record for many years... at least, so far.

[Toxic2040]

What does preev.com show for you guys? I was happy that it showed $32k so nice quick bounce I thought but binance says $29.8k..

*edit  - no i didnt 'fix' it..perhaps a poor choice of words
fixed   it appears better now...api must have hung for a bit

[cAPSLOCK]

Afternoon boys, the price sucks atm. I admit myself that I am fearful, not of the current price really but of the potential for much lower.

I really hope the bottom is in or close to.

It’s tough but this is why many of us have done so well with bitcoin. HODL gentlemen, at the end of the storm, there’s a golden sky.

https://www.youtube.com/watch?v=k-jFtyHWUfI

[Toxic2040]

morning charts

dead cats keep bouncing...you would think they would run out of cats soonish

#dyor

1h



4h

#stronghands

[gembitz]

WO page / BTC price ===> syncing  weeee

[Richy_T]

You are likely wrong... richie..

Funny how you have such strong conviction about this theory of a possible early bear cycle... Of course, we will see.. but I doubt that the odds are in your favor.

It's by no means a conviction. I speculated about what we might be about to see and... we've been seeing it. I'll just do what I did in previous times and keep holding. If I had conviction, I would sell to buy lower, no?

[UmerIdrees]

morning charts

dead cats keep bouncing...you would think they would run out of cats soonish

#dyor

Does anyone , the WO experts  ,  have any free custom built indicator for support & resistance so that we don't have to manually find Support & resistance all the time  ?

[LFC_Bitcoin]

Willy Woo
@woonomic
People often think the market is buying or selling. In truth every buyer has a seller. Price moves up or down according to who is patient and who is urgent.

Urgent sellers push price down, urgent buyers push price up.
https://twitter.com/woonomic/status/1417468404475187210?s=21

Willy Woo
@woonomic
A tentative thesis I have for the current price regime is that China is an urgent seller, while the West are patient buyers.
https://twitter.com/woonomic/status/1417470054698938371?s=21

Willy Woo
@woonomic
See Binance inflows (mainly from Asia), especially over the China FUD of banning BTC.

https://twitter.com/woonomic/status/1417470060092747776?s=21

[gembitz]

morning charts

dead cats keep bouncing...you would think they would run out of cats soonish

#dyor

Does anyone , the WO experts  ,  have any free custom built indicator for support & resistance so that we don't have to manually find Support & resistance all the time  ?

∇$19000 fomo in   weeeeeee

[OROBTC]

...

I don't know if the Rothschild family could really be called "speculators", but they have quadrupled their BTC HODLINGS since April.  Link and some scanty details:

https://bitcointalk.org/index.php?topic=5350269.msg57506010#msg57506010

They are whales, really BIG whales...  Seems bullish with a longer term outlook.


(Edited)

[ChartBuddy]

Explanation

[Hueristic]

It's not my birthday... what are you talking about...

Sorry Phil, that was a fail at the opsec game.
 
Only 354 more denials and your outted!

[OutOfMemory]

Willy Woo
@woonomic
People often think the market is buying or selling. In truth every buyer has a seller. Price moves up or down according to who is patient and who is urgent.

Urgent sellers push price down, urgent buyers push price up.
https://twitter.com/woonomic/status/1417468404475187210?s=21

Willy Woo
@woonomic
A tentative thesis I have for the current price regime is that China is an urgent seller, while the West are patient buyers.
https://twitter.com/woonomic/status/1417470054698938371?s=21

Willy Woo
@woonomic
See Binance inflows (mainly from Asia), especially over the China FUD of banning BTC.

https://twitter.com/woonomic/status/1417470060092747776?s=21

On point, imo.
That's why i expect the price to go down until china's bitcoin ban is in full effect, which should be 2 days from now, afaik.
If the electrician happens to present me the bill for his work and material, i will be able to know how much fiat will be left to buy bitcoin at the bottom.
Done a lot work with the house extension lately, painting, installing doors, almost no time left to read WO (you know, i need sleep too  )

[cygan]

another great comic from Lina Seiche to current situation - love this funny style


https://twitter.com/LinaSeiche/status/1417490062196019212