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

[proudhon]

Another great short opportunity is upon us.

[Wekkel]

Another great short opportunity is upon us.

Quoting for posterity 

[ChartBuddy]

Explanation

[shahzadafzal]

Another great short opportunity is upon us.

Explain with math & science please.

[xhomerx10]

30 WO pages to backread  
Bitcoin did not break $50k until my return from the high mountains  

Bitcoin over $50k when (if) i return 

I should have stayed a little longer  

Anything important i was missing?

Brought you this photo of the lower heights, when i felt ready to touch the clouds:

 That is beautiful! 
Hey... wait a second!  Isn't that El duderino_'s future garden?

[gembitz]

Another great short opportunity is upon us.

FOMO IN///^ WEEEEEEEEEEE

[SATWAT]

Another great short opportunity is upon us.

Explain with math & science please.

Sorry, due to heavy rains, I can't help you here right now.

[Poker Player]

Another great short opportunity is upon us.

Translation: trolldhon is going to buy 0.02 BTC and comes here to keep trolling.

[ChartBuddy]

Explanation

[JimboToronto]

Good morn Bitcoinland.
Four eight five six nine dollars
(Bitcoinaverage).

We might have to wait
A little longer to see
Fifty thousand per.

Its a lovely day
To head with my lovely wife
Off to the ballpark.

This is not the time
To worry about the price
Of all our bitcoins.

We must be patient.
It will reach new all-time highs
Eventually.

[Hueristic]

https://www.youtube.com/watch?v=X4QYV5GTz7c&t=152s

My all time favorite book yay, thanks for posting that cant wait

I am skeptical, There is no black woman in the books and they are not action packed "war in space" type stories.
I will download some episodes ( I assume it's a series) for free when they are available on TPB to see if it's anything worth paying money for.

Edit: My favourite books too, and the first "real" sciFi books I read.

Cool, can't wait. from the trailer at least it doesn't look like they killed it with an PC pushing agenda as is wont lately.

[Hueristic]

Another great short opportunity is upon us.

Tie down your nipples peops

.

[Torque]

https://www.cnbc.com/2021/08/22/bitcoin-nears-50000-after-months-of-weakness.html

When the MSM prints sort of positive stuff like this, prepare for a sharp leg down.

#BTFD

[ChartBuddy]

Explanation

[xhomerx10]

https://www.cnbc.com/2021/08/22/bitcoin-nears-50000-after-months-of-weakness.html

When the MSM prints sort of positive stuff like this, prepare for a sharp leg down.

#BTFD

 Damn.  That's a death blow.

[Elwar]

... there is another angle to this also, once people have a deflationary money to store their earnings in for future spending then they are motivated to buy products that last, quality items are preferred over inferior quality substitutes that burn-out, break, etc, i.e. cheap nasty stuff that gets disposed of readily ... because if you buy a product that serves a utility/function/pleasure for longer then your savings will buy more of that product (use/functionality) in the future

I'm not sure what's the purpose of that post.

Sure, overconsumption may decrease in certain parts of the world if we all used a deflationary currency such as Bitcoin, but if you know that your currency will worth more in the future, you'll also choose to not invest in stocks, because they'll bring less rate than your currency's. This means that the economic growth will slow down. Not to mention how damaging can this be for the government.

There are lots of downsides that come from deflation.

And now you understand the whole point of Bitcoin.

Don't think they haven't noticed. That is why they are fighting. If you support Bitcoin you will be fighting your government eventually. Until they lose.

[d_eddie]

I am 100% certain that a LOT of professional traders who are newly into Bitcoin made an error because of this particular fake out.  I mean... I suppose I can be wrong about where we are headed and this is a dead cat?  But I doubt it.

This is an over-classic spot on formation at the end of a parabolic run to all time highs.  I guarantee that a LOT of money traded out of this.

I remember seeing Microstrategy announcing new buys over and over during the 3-4 month correction.  And I can remember pros commenting on them sending good money after bad, and pointing out the levels at which they would be under water.

This is not a post saying "HA HA!  Look at the dumb 'professionals!'".  They are good at what they do.  And notice I said "the ones new to bitcoin".  Because the ones that UNDERSTAND bitcoin a bit more were... well, doing what Saylor did.



One more bit of thought...  A lot of really smart professional money got out in the 60 to 45 range. So part of this rally will be them getting back in while they are still at a discount.  It's sort of an implied short squeeze. And for some it is probably as REAL short squeeze.  But others just have money on the sidelines like Raja...  They are going to be buying in more as the price starts to continue to head up, because more of them will be hedging under their sale price that they were wrong.

And Voila.  They were.

Feel free to dig this quote up and post it to embarrass me in 6 months:

We are now entering the next phase of the bullsplosion.  And I think it is highly likely to be the uber-face-melter.

But it won't get quoted.  Because it will be correct. 

Cards face up.  All in.

Love you folks. 

(PS.  I think the real tell will be the volume over the next month or so...  If it stays low then all the above theories were wrong.  If we see it start to build from here???  CCMF)

It did get quoted. Which doesn't imply the quoter thinks you're wrong

[d_eddie]

My posts always end up adjacent to idiot trolls. Not intentional, I can assure you.

(except for this one, maybe....)

I see what did you do there?

Where did your signature go? Don’t listen to trolls bring it back

Signatures are suppressed in the WO.

[El duderino_]

gif hosting site

Southampton-ManU

Arsenal-Lukaku (Chelsea)

[d_eddie]

Another great short opportunity is upon us.

We need a diagram that shows future price behavior. A scientific diagram, based on hard math & science.
Pleeze?