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

[El duderino_]

The dude misses 40 k already

But the dude understands very well that a big push UP followed by a small correction…

Is the way to go.

Rinse repeat

[1715129746]

1715129746

[1715129746]

1715129746

[somac.]

The dude misses 40 k already

But the dude understands very well that a big push UP followed by a small correction…

Is the way to go.

Rinse repeat

Yep, can't go up in a straight line.

[LFC_Bitcoin]

The Wolf Of All Streets
@scottmelker
https://twitter.com/scottmelker/status/1422535286073040897?s=21
So far so good. Still looking quite a bit like last December.

Healthy retrace, reset and push?

[ChartBuddy]

Explanation

[Biodom]

link from Drudge:
https://metro.co.uk/2021/08/03/people-recovering-from-covid-may-have-substantial-drop-in-intelligence-15030236/

Anecdotally, at least two recovered people who were hospitalized with covid told me that they are in a mental fog several months after release with memory being significantly affected.
This sucks.

Re bitcoin-I feel that if "they" would not allow bitcoin to blossom, we would end up like 20ies Germany, Venezuela and Zimbabwe.
A clear fork in the road. Some want to take the road that leads to hyperinflation. We should take the other path and take as many people as possible with us.

[Poker Player]

If anyone has been keeping up with the recent FUD it seems like there could be a big one coming out of the USA with some new kind of bullshit legislation.

https://twitter.com/jerrybrito/status/1422002228102107142

If it does go through as is, does anyone here think this will be an actual problem? I'm not a miner nor US based atm so don't know how much it affect the people who are.

Yes, Bitcoin will crash and burn and will never recover. Sell your bitcoins while you still can.


/In before Proudon

What I'm trying to understand is this something that may encourage miners to go elsewhere, or is it just a matter of more paperwork, or is it just nothingburger and won't be enforced.

You can pry my coins from my cold dead hands, and even then you won't get them.

I have been learning about the bill and I hope it doesn't pass like this, because the miners are going to have to leave.  They are going to have to issue 1099s to every supposed "customer"? WTF? Collecting data for KYC on every transaction they verify is impossible. That's just proposed by idiots who have no idea what this is all about. And it goes for the nodes too?

I hope this is not the case and all the countries in the world start copying it.

I guess it has to do with the recent dip. Yes, Bitcoin will survive but if there is another exodus of miners we will have more months like these last few.

Waiting to see what philipma1957 has to say.

[Elwar]

link from Drudge:
https://metro.co.uk/2021/08/03/people-recovering-from-covid-may-have-substantial-drop-in-intelligence-15030236/

Anecdotally, at least two recovered people who were hospitalized with covid told me that they are in a mental fog several months after release with memory being significantly affected.
This sucks.

Re bitcoin-I feel that if "they" would not allow bitcoin to blossom, we would end up like 20ies Germany, Venezuela and Zimbabwe.
A clear fork in the road. Some want to take the road that leads to hyperinflation. We should take the other path and take as many people as possible with us.

El Salvador may become overwhelmed by refugees from the US.

[ChartBuddy]

Explanation

[cAPSLOCK]

On the other hand, I do agree with his overall view about bitcoin being a long term play.. and also his overall perception that bitcoin is going to go up forever, Laura.. but there might be some decently long periods of downity between some of the periods of UPpity.

Yes. Though I lean more towards an s-curve. I just think anyone that gives any weight to twitter is making a mistake.

Agree on both of these points. 

It surprises me that the S-Curve idea seems to be a teeny minority position.  People are much more apt to believe it is going to keep following the 4 year S2F pattern.  And if they discount that they tend to think it will do the "just goes up" version.  Very few people seem to think that it will have a really big runup in the middle of all that.

It's slightly cynical, but these things tend to catch people off guard.  And I think the traders and the people who think just gently DCAing will miss a lot of the move just because it will be fast.  And lot's of folks will sell on the way up with the intention to buy the pop and never recover but a fraction what they sell.

The max pain theory really does support the idea that it moves up fast one big time.

But who knows?  I will be ready for any version, lol.

And yeah.  Twitter is a mess.

[xhomerx10]

link from Drudge:
https://metro.co.uk/2021/08/03/people-recovering-from-covid-may-have-substantial-drop-in-intelligence-15030236/

Anecdotally, at least two recovered people who were hospitalized with covid told me that they are in a mental fog several months after release with memory being significantly affected.
This sucks.

Re bitcoin-I feel that if "they" would not allow bitcoin to blossom, we would end up like 20ies Germany, Venezuela and Zimbabwe.
A clear fork in the road. Some want to take the road that leads to hyperinflation. We should take the other path and take as many people as possible with us.

 Covid19 commonly results in dehydration which has serious effects on your cognitive abilities.   Also, as people age their sense of thirst is diminished so by the time they feel thirsty, they're already dehydrated.  This is one of the things I have to watch for this in my elderly parents and it upsets me every time I have to take them out for something since they purposely won't drink fluids the morning of because they're afraid they might have to pee while they're out.

 edit: Case in point - last month I had to take dad for physio and he asked me, "How would you buy Doge?" and I said  "You wouldn't!  Drink some water please."

[ivomm]

I really love to buy when the price is falling. Today and yesterday - total of 2000€. I just don't need anything else atm.  

[d_eddie]

I still smell uncertain, doubtful sentiment. The top is past us, at 64k, and similar unlikely moaning.

When we cross 64k it will be epic. Many, many coiners will have a surge of relief and gloat as if nothing had been and they'd been knowing it all along. Sentiment will go berserk. We will rip through new territory on momentum alone. There, we should be wary of a premature ejaculation. Oops, I meant a hasty blow-off top.

[Macadonian]

I still smell uncertain, doubtful sentiment. The top is past us, at 64k, and similar unlikely moaning.

When we cross 64k it will be epic. Many, many coiners will have a surge of relief and gloat as if nothing had been and they'd been knowing it all along. Sentiment will go berserk. We will rip through new territory on momentum alone. There, we should be wary of a premature ejaculation. Oops, I meant a hasty blow-off top.

If history repeats itself we will have another price correction as soon as we reach another ATH

[ChartBuddy]

Explanation

[Macadonian]

I really love to buy when the price is falling. Today and yesterday - total of 2000€. I just don't need anything else atm.  

I just hold now because I suck at trading in dips I am in it for the long term and I hope that pays off.

[Poker Player]

If anyone has been keeping up with the recent FUD it seems like there could be a big one coming out of the USA with some new kind of bullshit legislation.

https://twitter.com/jerrybrito/status/1422002228102107142

If it does go through as is, does anyone here think this will be an actual problem? I'm not a miner nor US based atm so don't know how much it affect the people who are.

Yes, Bitcoin will crash and burn and will never recover. Sell your bitcoins while you still can.


/In before Proudon

What I'm trying to understand is this something that may encourage miners to go elsewhere, or is it just a matter of more paperwork, or is it just nothingburger and won't be enforced.

You can pry my coins from my cold dead hands, and even then you won't get them.

I've just realised that there is an interesting debate about this in the following thread:

Devastating "Infrastructure" bill in US - contact your representatives

[El duderino_]

https://www.indiabitcoin.com/mcdonalds-might-start-accepting-bitcoin-soon-bitcoinist/

[Paashaas]

Google ads for Bitcoin are no longer banned anymore.

[Torque]

People want to moan "But the price was at $64k! Now we're at $38k....ugh."

Were these people not around when btc hovered over and under $9K for what felt like forever? 11 fking months.

Now the price is 4 times that. 4X !!!

They had almost a solid year to purchase btc sub 10k. And most of them didn't do it.

[Macadonian]

Google ads for Bitcoin are no longer banned anymore.

Have they given a reason why they are suddenly allowed again?