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

[d_eddie]

Bears are silent
Bulls breaking out of their pen
A sight for sore eyes





#haiku

[1714326450]

1714326450

[1714326450]

1714326450

[1714326450]

1714326450

[ChartBuddy]

Explanation

[vapourminer]

CB, you go up
or we will have words for you
and your Boss as well


#haiku

[JayJuanGee]

Btw Jay... that poll failed, or worked exactly as intended.

We didn't reach 25K but we got close to that. So the people that voted for 50K ... they kinda failed.

But for now, I don't think its gonna go down, but more like to be: "Up! Up! Up!!!"      

Edit*(0): Anyway... we need a new poll.                

I will say.  You do make dumb look pretty damned easy.

You are good at it.


Almost like a natural.



Substantively, I will repeat that Infofront had put forth a post first contest for the choosing of the poll, and when I won that contest, it took him a couple of days to set forth the poll, and in the time period between my proposing the poll and his posting the poll, the BTC price had dropped below $30k for the first time in this particular correction cycle - so even though I mentioned to him that the dropping of the BTC price below $30k had changed my own sentiments about price, I did consider that if we kept the bottom the same (the $25k), then the top should have come down to $46k in order to resolve the question, in my own consideration of the price range in terms of whether the range had significantly and meaningfully broken to the Upside or to the downside.. so of course, a breaking to the upside just caused the most likely conclusion about the bottom of $28,600 being in.  A breaking to the downside would have just ended up raising questions about whether we were in a bear market or not.. and of course, left more uncertainty in regards to where the bottom for this particular correction cycle might end up being.

When it comes to considering BTC price dynamics or breaks of the BTC price in one direction or another, it just seems nonsensical to be describing those kinds of breaks as either successes or failures because that just makes hardly any sense, unless the interpretation of the break is interpreted in terms of some other question.  The main question that was on my mind was whether the $28,600 bottom might be in or not in, and I did not really have any other questions that I personally wanted to answer because in my own thinking when we get a  somewhat convincing answer regarding whether the bottom might be in or not (and in this case the answer seems to have been: "yes, the bottom is in") then we can attempt to move onto some other potential other questions or matters, such as when moon or other questions about UPpity theses that might exist.  

So, yeah in that case, there probably is an actual current need for another poll or another question, and surely I have some of my own ways of framing such questions that is quite likely to be different from the way that other guys frame similar kinds of questions.  My current questions have to be with whether we break through $55k resistance or not, and surely I have been considering that there could be another large correction (of something like 15% to 30% perhaps?) before getting into what I am currently and tentatively speculating to be no man's land between around $55k and $80k.  I am almost never of the opinion that we "have to have" an "down before up", but I am also not going to whine like a little cry baby if we end up witnessing a down before breaking through $55k resistance.

Part of my own personal problem of actually experiencing a break through into no man's zone (supra $55k) prior to some kind of meaningful correction of 15% to 30% is that it seems that breaking straight into that area would end up potentially negating my  tentative dead man's zone characterization of $55k to $80k and not having such a meaningful correction prior to $55k would probably make it much more difficult to get all the way through deadman's zone without having a correction in the midst of it, and then everyone will be pointing and laughing at me about how dumb I was in regards to my recent proclamations (speculations) about the existence of a deadman zone between $55k and $80k....

Of course, I have been called out before regarding my various levels of dumb predictions in the past, but I still believe that you, Save the RF, got me clearly and decisively beaten in regards to the various incoherent dumbs that you tend to communicate on a fairly regular basis.. unless I might put in a few more random bolds and ALL CAPSLOCKS in various random places to help make some of my points, and so I can aspire to catch up with uie-poo-ie in respect to perceptions that I might be able to attempt to cause regarding MY level of aspiring dumbities.

CB, you go up
or we will have words for you
and your Boss puppet master as well


#haiku

FTFY

[Toxic2040]

[goldkingcoiner]

bitcoin pump at 49.5k

[ChartBuddy]

Explanation

[Hueristic]

At the time of the theft, the alleged perpetrators were both minors, so as Schober learned their identities, he sent their parents notes informing them of what he knew. “It seems your son has been using malware to steal money from people online,” he wrote. Schober appealed to the parents, asking them to “make this right, without involving law enforcement.” He said he would drop the matter if the stolen bitcoin was returned in full, and he listed an address and gave them a deadline. He sent one note in 2018 and another in 2019. He never heard back from either of the young men's parents.

https://arstechnica.com/tech-policy/2021/08/man-robbed-of-16-bitcoin-hunts-down-suspects-sues-their-parents/

[philipma1957]

At the time of the theft, the alleged perpetrators were both minors, so as Schober learned their identities, he sent their parents notes informing them of what he knew. “It seems your son has been using malware to steal money from people online,” he wrote. Schober appealed to the parents, asking them to “make this right, without involving law enforcement.” He said he would drop the matter if the stolen bitcoin was returned in full, and he listed an address and gave them a deadline. He sent one note in 2018 and another in 2019. He never heard back from either of the young men's parents.

https://arstechnica.com/tech-policy/2021/08/man-robbed-of-16-bitcoin-hunts-down-suspects-sues-their-parents/

but the parents and the crooks names are exposed. So they will always need look over their shoulders wondering if this guy that spent all this time and effort to track them down will or won't hurt them.

[Hueristic]

At the time of the theft, the alleged perpetrators were both minors, so as Schober learned their identities, he sent their parents notes informing them of what he knew. “It seems your son has been using malware to steal money from people online,” he wrote. Schober appealed to the parents, asking them to “make this right, without involving law enforcement.” He said he would drop the matter if the stolen bitcoin was returned in full, and he listed an address and gave them a deadline. He sent one note in 2018 and another in 2019. He never heard back from either of the young men's parents.

https://arstechnica.com/tech-policy/2021/08/man-robbed-of-16-bitcoin-hunts-down-suspects-sues-their-parents/

but the parents and the crooks names are exposed. So they will always need look over their shoulders wondering if this guy that spent all this time and effort to track them down will or won't hurt them.

Or if others with a wrench will hunt their kids for the other coins they stole as well.

They should have taken him up on his offer rather than being pieces of shit.
Its easy to see why the kids turned into garbage.

[goldkingcoiner]

At the time of the theft, the alleged perpetrators were both minors, so as Schober learned their identities, he sent their parents notes informing them of what he knew. “It seems your son has been using malware to steal money from people online,” he wrote. Schober appealed to the parents, asking them to “make this right, without involving law enforcement.” He said he would drop the matter if the stolen bitcoin was returned in full, and he listed an address and gave them a deadline. He sent one note in 2018 and another in 2019. He never heard back from either of the young men's parents.

https://arstechnica.com/tech-policy/2021/08/man-robbed-of-16-bitcoin-hunts-down-suspects-sues-their-parents/

but the parents and the crooks names are exposed. So they will always need look over their shoulders wondering if this guy that spent all this time and effort to track them down will or won't hurt them.

16 BTC stolen and the parents are involved as crooks as well. If that were my BTC, I would have put lead in their brains a long time ago.

[Richy_T]

bitcoin pump at 49.5k

50k is such a tease.

[JayJuanGee]

bitcoin pump at 49.5k

50k is such a tease.

We did get to $50,562 already (less than 6 days ago), but I am not going to proclaim that getting above $50,562 again within the near future is inevitable...

In order to inspire confidence of Up versus Down, seems that we need more than mere UPpity price pressures  - though I am not complaining.. for sure.. for sure...

Remember it was just few days ago that we were knocking on the door of perhaps getting more than an 8% correction at $46,309..... so I would rather be here than there.. to the extent that there might be much if any difference between to two areas... probably.. not much difference.. but still...   

Maybe the Lindy Effect is feeling enjoyable.. if that Lindy Effect might be within the ability to feel?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

a bit of volatility here.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

No trips for bud this round.

[Arriemoller]

Morning!

So, I bought some BTC today for the first time since 2014.

I decided to do a little experiment, I was offered a loan from a company (Qliro) and accepted, I borrowed 20 000:- (about 2300 USD), I set aside four months worth of payments on the loan (this will be used to pay of the loan for the coming four months) and bought btc for the rest (17500:- (about 2000 USD)) and I put those btc in a separate wallet.

Now I'm going to sell these btc in December when we go skyrocketing and the little experiment here is to see how much money I will make on this.
The plan is of course to repay the loan in full in December and do something fun with the profit.
I have been offered to up the loan with another 50 000:-, I might do that, still thinking about it.

So, as you can see the whole point is to make money without having to put in any of my own.

I did accept the offer to up the loan with 50 000, the money should be in my account on Monday, I will move it to another bank and do this buy from another broker, the brokers I use take about 10% commission, so my firs goal will be to reach break even.

is this how it works in Sweden? 10% commish on a loan? Ridiculous, I might say..a shark's loan.
If you have means of repayment, OK, but not OK in most cases if you don't.
A leveraged play,which has a good chance of working...Good luck!

No no, you misunderstand, sorry my fault for being unclear.
The loan has no fees or commissions at all and can be repaid in full at any time without any penalty or other fees. the interest is however 11%

The commission is for my btc broker or whatever you want to call it, the company(s) that I buy my bitcoin from.
I don't want the hassle of buying myself from an exchange so I buy from companies that do that for me.
Namely Safello.se and btcx.se