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

[ChartBuddy]

Explanation

[Westingcote]

just a little tought about peak cycles

2013 we had 2 waves

2017 it was one big wave, but longer

2021 two cycles again(maybe three), what if, when we have two cycles, the time will be shorter like 2013.


otherwise people think every cycle will be longer, we just see 2 data points and extrapolate it.
in 6 Months or in 12 we know for sure


Happy Pumpy monday everyone

Be prepared for 12 months time when you get showered in merits for predicting it for sure.

[rdbase]

We getting rich guys

Big names reporting earnings this week. Apple, Amazon, Facebook, Microsoft, Tesla, & Google are all set to repot. Could they have some news about expanding balance sheets or positive comments about accepting Bitcoin in the future? With the price action already this week you know they’ll be asked about it. I think we could see the groundwork laid for some fireworks.

We only need 2 of them to offer Bitcoin payments and the fireworks begin.

Doesn't today feel like winning a gold medal at the Olympics?
To commemorate the occasion of the games and BTC reaching near $40k again.


https://twitter.com/jasonpizzino/status/1417984303691010050

[ChartBuddy]

Explanation

[Toxic2040]

the morning wall report

Bitcoin surges 16.80% in late session trading on Sunday. Jumping upwards to $39,850.00 on heavy volume before settling in the mid $38k region. 940 million in shorts liquidated is the most likely culprit coupled with AMZ announcing it will start accepting payments. Strong earnings in legacy markets are expected this week as Q2 reporting starts to trickle in. The FOMC meetings on Tuesday and Wednesday are expected to yield little change in policy with eyes mostly looking at guidance being issued with the closing statements and Chair Powell media conference. Capital flight continues from China as the crackdown on tech stocks and other sectors sent markets tumbling in Asia.


#dyor


trying on some new fibs
1h


4h

#stronghands

[Toxic2040]

oh yah...and another 100 milly printing this morning


https://twitter.com/whale_alert/status/1419617834028703745

[aysg76]

Those who blindly follow someone else advice and invest in some shitcoins get upset both from prices and that person who has recommended them to go on invest that funds into that coin which has no scope of rising and was setup just a memecoin and no else development to further support it's growth.The prices rises till the time you have some influence over the prices only in short run and after they crash with no rise up like in 2017 crash many alts disappeared and people lost their hard earned money with that.

Here is example how such influence can ruin your life:

Making fun of btc at one point and going on with some other altcoins would not benefit you because Bitcoin is going to rise after all such crashes,dips or even correction and new ATH will be achieved but it's not going to be the case with your some shitcoins so make your choice wisely.

[cAPSLOCK]

Haha! Said no one on the internet ever, lol. It's interesting to me, once you get outside our btc bubble how completely uneducated on this topic the vast majority of people are about it. It's like Dunning-Kruger Mt. Stupid level understanding combined with complete apathy/uninterest about the topic they claim to know all about.

Heck, even within the bubble, there are still quite a few nuances that many people are not really aware of. Change addresses, transaction dependencies, block emission and so on. Bitcoin is definitely the poster boy for Dunning-Kruger.

No kidding.  The entire Elon roller coaster is a perfect example.

[ChartBuddy]

Explanation

[Dakustaking76]

oh yah...and another 100 milly printing this morning


https://twitter.com/whale_alert/status/1419617834028703745

Money printer goes brrrrrrrrrrrrrrr

[ImThour]

oh yah...and another 100 milly printing this morning


https://twitter.com/whale_alert/status/1419617834028703745

https://twitter.com/CryptoWhale/status/1419647049729990657

[DaRude]

oh yah...and another 100 milly printing this morning


https://twitter.com/whale_alert/status/1419617834028703745

https://twitter.com/CryptoWhale/status/1419647049729990657

https://www.bloomberg.com/news/articles/2021-07-26/tether-executives-said-to-face-criminal-probe-into-bank-fraud
Way overdue if you ask me, stablecoins shouldn't have been allowed to get as big as they got

[cAPSLOCK]

The energy is there. The potential is there. Just one small push...

https://youtu.be/YXn08b5Illo

You know... we are a very ungrateful lot.

We act like the central banks are not on our side.  But they are the ones who have done all the hard work setting up the dominoes.  They stored all that potential energy for us.

Let us pause a moment in gratitude for the Central Banks.

Lol.  Hahahahaha.  Haaaa.  No... Really ... Fuck them.

[rdbase]

oh yah...and another 100 milly printing this morning

https://twitter.com/whale_alert/status/1419617834028703745

https://twitter.com/CryptoWhale/status/1419647049729990657

Well it is about time.
Was watching something about tether and it being in the crosshairs some lawyers from Jersey.
It seems New York and the surrounding states have laws in place to go after those Too Big to Fail companies like Bitfinex and their creation of a stablecoin which is much like the US dollar.

https://www.youtube.com/watch?v=9bnS48TJxNI

[aesma]

I don't own much stables, a bit of USDT though, will check that now.

For trading I'm still using fiat, however with a stable it would be advantageous because I wouldn't need to declare all my trades to the tax authorities. Is there a recommended stable ? Maybe one of the Euro pegged ones ?

[Westingcote]

The energy is there. The potential is there. Just one small push...

https://youtu.be/YXn08b5Illo

You know... we are a very ungrateful lot.

We act like the central banks are not on our side.  But they are the ones who have done all the hard work setting up the dominoes.  They stored all that potential energy for us.

Let us pause a moment in gratitude for the Central Banks.

Lol.  Hahahahaha.  Haaaa.  No... Really ... Fuck them.

I was REALLY worried you being serious then

[ProfTP]

just a little tought about peak cycles

2013 we had 2 waves

2017 it was one big wave, but longer

2021 two cycles again(maybe three), what if, when we have two cycles, the time will be shorter like 2013.


otherwise people think every cycle will be longer, we just see 2 data points and extrapolate it.
in 6 Months or in 12 we know for sure


Happy Pumpy monday everyone

i m flabbergasted by the amount of Merits.
i dont post often but with this incoming merits i will be at 100 Merits at 100k

Thanks to the dude

[ChartBuddy]

Explanation

[Westingcote]

chartbuddy pumping those numbers up

[rdbase]

I don't own much stables, a bit of USDT though, will check that now.
For trading I'm still using fiat, however with a stable it would be advantageous because I wouldn't need to declare all my trades to the tax authorities. Is there a recommended stable ? Maybe one of the Euro pegged ones ?

Whoops, it was the previous story about blockfi where the lawyers were looking into their business and if their offerings are considered securities since they operate out of the US.
This is the major take away from this video on tether and what it can do with defi which is apocalyptic.


As for which one I'd use if I had too?
USDC

It is fairly clean being created from circle (I believe square bought them out and now is Jack in the box ) and is available from Coinbase.
But being a american company I don't know if it can be pegged to the euro.
So maybe somebody using coinbase and who is from Europe can answer this.