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

[dragonvslinux]

Support from the 21 & 200 Day MA are close by around $46-47K. Nothing wrong with a healthy correction before further upside.

Bitcoin still having fun with fractals while waiting for relevant volume? $46-47K looks like healthy support as anticipated.



Not convinced the swing low is in, but more convinced the 200 Day MA will hold as support given today's bounce.

[sirazimuth]

...
.... You must be new here.
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Ha! I could have saved you the trouble bro.  I posted that exact sentence earlier today, then deleted. lol.

.......
Thank's for the tip but I don't wander outside of the WO, it's too full of stupid people.

Well, I have to admit that's precisely the reason I do wander outside the wob neighborhood.
As I don't encounter much stupid irl, (I live in the sane area of country)
I get my entertainment stupid laughs on Bitcointalk.  (Usually on the the Piffle and Shit P+S boards because the famous 800 page Flat Earth thread got locked.)

[cAPSLOCK]

Just American things


https://news.bitcoin.com/survey-shows-3-in-10-americans-share-crypto-wallet-passwords-with-others/

And 9/10 readers of ANYTHING on bitcoin.com think Coinbase is a bitcoin wallet.

[Phil_S]

Today's rich families in Florence, Italy, were rich 700 years ago

[fillippone]

I didn't know this newsletter. I found it very interesting, so i thought to share here:


Bitcoin long-term signals outweigh short-term signals as price recovery slows

• Recent large investors have acquired 197k bitcoin since the bitcoin price fell below $35k in late June, returning their holdings to late-February levels and reducing liquidity in the market, which supports price in the longer term.
• During the November to April bull run, enough stablecoins flowed into exchanges to buy ~50% of the bitcoin and Ethereum that were sent to exchanges, down from a typical 75% – suggesting fiat buying pushed price to its bull run high. Stablecoin inflows are back to ~75% of bitcoin and Ethereum exchange inflows, but started declining in late July as price went back above $40k – suggesting that fiat demand is returning, another source of long-term support.
• Trade intensity has been high since the May price fall, suggesting that while demand fell when prices dropped, supply declined even further and so the market became illiquid, supporting price. However, trade intensity has declined in the last week, as has price, but this short-term bearish signal is likely to be outweighed by more positive long-term signals.

Just two graph here to highlight:

	Massive bid imbalance ahead.	Fiat buying has been predominant, meaning buys were new inflows into the market.

Today's rich families in Florence, Italy, were rich 700 years ago

It's not difficult to get rich. It's difficult to stay rich.
Not to say stay rich for 700 years.
As I said the other day to @LFC_Bitcoin:

We are an elite band of gentlemen, our decisions will shape the future of our family bloodline.

This is big responsibility toward our (future) lineage.

As someone often says: "It's not difficult to become rich. What is difficult is to stay rich".
Preserving our (your) multi-generational wealth is a gargantuan task.
But, as you beautifully stated, we are an elite band of gentlemen. Born on maths, hard money, and low time preferences, instead of greed, violence and advantage positions.

Oh the irony: the Italian bloke that used to say this is from... Florence.

[cAPSLOCK]

Well, wouldja look at that?!??!  

I DID have a balance on Gox!




_edit_  Still reeling!  All the talk I do about not leaving your balance laying around, and in reality I was GOXED.

[ChartBuddy]

Explanation

[sirazimuth]

Well, wouldja look at that?!??!  

I DID have a balance on Gox!




_edit_  Still reeling!  All the talk I do about not leaving your balance laying around, and in reality I was GOXED.

Show this to a lawyer and offer to split the proceeds if they recover it for their fee. Ya never know....


(for those who don't know me, that's a joke.... so don't post a "whoosh" reply)

[Wekkel]

https://twitter.com/BitcoinMagazine/status/1431256299086487555

This is really the year that people start to believe this prediction.

Greatest Wealth Transfer Ever.

[Biodom]

Today's rich families in Florence, Italy, were rich 700 years ago

yes, it seems that "old money" knew how to do it back then and even now.

https://twitter.com/BitcoinMagazine/status/1431256299086487555

This is really the year that people start to believe this prediction.

Greatest Wealth Transfer Ever.

pencil 2026 as a good time to retire, eh?

[ChartBuddy]

Explanation

[Diced90]

[ChartBuddy]

Explanation

[Elwar]

Well, wouldja look at that?!??!  

I DID have a balance on Gox!




_edit_  Still reeling!  All the talk I do about not leaving your balance laying around, and in reality I was GOXED.

I think that's about what mine is. But it's like .04 or something. They didn't have a "send all" button so you just typed how many you wanted to send. I guess I was lazy after the first decimal.

I have been in contact with the lawyers for Bitcoinica as well. I had more on there. Quite a few bitcoins, I think around 40. When talking to the lawyers about getting my money back they said they can only pay the dollar amount at that time. And I had to prove with screenshots of my balance at the time.
Who takes screenshots of their exchange balance? And I'm pretty sure I was using my work email for that. A job I haven't worked at for many years.

[True Myth]

So, had some time today (and drinks) and came up with this one:



In the previous bull run we went from $7,000 to $19,000 in the last 30 days before the blow off top.  That's 271% gain in 30 days.  I don't expect that type of gain even though I'm still bullish but, 100% from here seems probable.  Volume needs to pick up soon though as the past few weeks it has been pretty low despite our rebound.  The other factor I'm not sure about is the adoption of bitcoin by institution level folks.  I'm not sure if we still see the "blow off top" we have seen at the end of previous bull runs.

Side note, closed on a $3k green daily candle today.

[Agapios]

Man we will be over 100k in a jiffy
a very short time; a moment.
"we'll be back in a jiffy"

Man these days you cant even take a shat properly, because who knows, after a dump in a toilet you come out and see bitcoin over 100k.

[ChartBuddy]

Explanation

[vapourminer]

Just American things


https://news.bitcoin.com/survey-shows-3-in-10-americans-share-crypto-wallet-passwords-with-others/

sure, my wife knows my hot wallets passwords.

as for cold storage wallet seeds,  she knows their locations and how to recover wallets from then. i made her do dry runs on test wallets i created. she also knows how to do it securely (ie all electronics off/next room, security cams off etc)

seems to me without my family being able to recover my coins when im dead is damn piss poor planning.

[Hueristic]

Just American things


https://news.bitcoin.com/survey-shows-3-in-10-americans-share-crypto-wallet-passwords-with-others/

sure, my wife knows my hot wallets passwords.

as for cold storage wallet seeds,  she knows their locations and how to recover wallets from then. i made her do dry runs on test wallets i created. she also knows how to do it securely (ie all electronics off/next room, security cams off etc)

seems to me without my family being able to recover my coins when im dead is damn piss poor planning.

Ohh nice, not gonna donate to the team when you kick..real good job there bud!

[vapourminer]

Just American things


https://news.bitcoin.com/survey-shows-3-in-10-americans-share-crypto-wallet-passwords-with-others/

sure, my wife knows my hot wallets passwords.

as for cold storage wallet seeds,  she knows their locations and how to recover wallets from then. i made her do dry runs on test wallets i created. she also knows how to do it securely (ie all electronics off/next room, security cams off etc)

seems to me without my family being able to recover my coins when im dead is damn piss poor planning.

Ohh nice, not gonna donate to the team when you kick..real good job there bud!

the "donation to all" bit? nah, plenty of others doing that. family come 1st.. even my fur kids.

ive even have in my will  provisions my for my cats, they will continue live in luxury when we pass.