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

[somac.]

If you're worried because of the recent dip, you're not doing it right.

Zoom out and enjoy the view.

@LFC: I hear you, but don't worry too much, it will come, and soon. In fact, I'm looking forward to buying my next $1k+ smartphone with your $50 prize money (there will be change for the beers too). When this happens, Bitcoin price will be at $180k+ and we will all be ecstatic. And it will happen sooner that many of us expect.

Onwards & upwards.

HoDL.

I would like to add that being that this dip was brought about by China and today they have already started the bail out process, remaining at this level for long is not going to happen. It is therefore a great time to buy the dip.

In addition, if the SEC news has had some kind of an effect, this is also compltely retarded. The SEC has zero fucking power over anything, just go ask Elon Musk over Twitter about how much of a bunch of wet lettuce leaf slapping pussies that they are.

SEC, hahahahahhahah. Pathetic.

[cAPSLOCK]

.....

https://www.youtube.com/watch?v=SYtJum5k9V8

"....as far as thickness goes,  its just bowed a little bit, but...."


Um...That maybe an understatement. lol

Most of what you are seeing is a camera lens distortion.  Watch when he turns it over how the bow goes the same way. (!)

[ChartBuddy]

Explanation

[El duderino_]

https://twitter.com/coindeskmarkets/status/1440637460476616707?s=21

[Dabs]

https://twitter.com/i/events/1439675314217517057

Yall using your BIP39 passphrase, right?  RIGHT?



(also I suggest backing up your keys with PGP (GPG) encryption and a strong password somewhere else as well.  USB drive... archival CDR... *cough* cloud *cough*)

I would never put cash in a safe deposit box or bank. Unless this Joseph Ruiz guy has no other place to store it safely (like, at home? there should always be some place at home, somewhere, maybe.)

I may rent a cheap box in the future, but it would seem unlikely.

[sirazimuth]

.....

https://www.youtube.com/watch?v=SYtJum5k9V8

"....as far as thickness goes,  its just bowed a little bit, but...."


Um...That maybe an understatement. lol

Most of what you are seeing is a camera lens distortion.  Watch when he turns it over how the bow goes the same way. (!)

[Dabs]

Because I have never really “bought” Bitcoin, I have only ever MADE Bitcoin..

...

I do t want a lambo, I want the rest of my life in freedom..

Here, here. Same with me. Mostly. The bitcoin I have was 99% "made". Not bought or mined. I do have some "bought" bitcoin, but it's really too small.

[ChartBuddy]

Explanation

[UnDerDoG81]

A pump for ants. After the Evergrande thing seems solved you would expect a huge recovery. Anyway, I believe October will be glorious.

[somac.]

A pump for ants. After the Evergrande thing seems solved you would expect a huge recovery. Anyway, I believe October will be glorious.

I think the SEC stuff has people worried for some damn reason.

[d_eddie]

I think it's just fuckery not wanting to lose face immediately.

[xhomerx10]

The next full moon will occur on Monday, Sept. 20 at 7:55 p.m. EDT (23:55 UTC), but the moon will appear full the night before and after its peak to the casual stargazer. September's full moon will be the Harvest Moon of 2021, though it is sometimes known as the Corn Moon and has many other nicknames by different cultures.

Is full moon the reason we got a dip? Do we get a pump at the next full moon?

There is a correlation between full moons around short-term reversals in price, due to emotional sentiment I imagine, so is possible that was the final dip. Will have a look and see if there's been a correlation in recent months and post some TA on it if it appears relevant...

Until I see some empirical proof, this whole full moon correlation will seem like untrustworthy, unscientific bs to me. why does it matter how much of the moon is darker in some parts and not others? Its just the reflection of light from the moon as seen from different perspectives.

Sure, don't believe it. I did some TA back in 2019 and there appeared to be a weak correlation, but a correlation none the less. Not a very useful one either. Why there is a correlation is anyone's speculative guess however. Only appears relevant when price is being indecisive, that much became clear to be when back-testing the theory. Not during an aggressive up or downtrend, it seems irrelevant.

I'll do some TA on it when I've finished re-arranging my sock draw, as it's quite a mess at the moment.

During the full and new phases of the moon, the sun and moon are aligned so their gravitational effects are amplified.  At certain times of the year this alignment as well as the proximity of the bodies to earth serve to pull the bitcoin trend line higher and higher towards new ATHs.

I feel like this a tongue in cheek response, rather than statistical data that wasn't provided? Maybe I'm wrong though. But sure, the gravitational effects could be the simple reasoning of creating emotional distress and panic selling. At the same time, I would of thought humans would get used to having increased gravitational force every 28 days. It's not like the ocean complains about it, it just deals with it with high tides.

I had previously thought the reason for bad sleep or otherwise over full moon cycles was just people who didn't have very good curtains, but there is physical reasoning for it beyond that it seems.

 We can all participate in an experiment but we'll need a control group to sell all their bitcoin now while the rest of you hodl.  The next near perfect alignment:



 Edit: In general, the proper method is to sell the eclipse and buy the equinox.

[somac.]

I think it's just fuckery not wanting to lose face immediately.

Yeah that too.

[ChartBuddy]

Explanation

[Lucius]

Don't worry, the Chinese are solving the problem with Evergrande in the best possible way

[Richy_T]

 During the full and new phases of the moon, the sun and moon are aligned so their gravitational effects are amplified.  At certain times of the year this alignment as well as the proximity of the bodies to earth serve to pull the bitcoin trend line higher and higher towards new ATHs.

Trust the science!

[xhomerx10]

 During the full and new phases of the moon, the sun and moon are aligned so their gravitational effects are amplified.  At certain times of the year this alignment as well as the proximity of the bodies to earth serve to pull the bitcoin trend line higher and higher towards new ATHs.

Trust the science!

 Yes, I collaborated with proudhon on this one and while we agree on magnitude, we disagree on direction.

[Dabs]

Don't worry, the Chinese are solving the problem with Evergrande in the best possible way

Crap, I just lost my bitcoin hidden in one of those buildings... Forget boating accidents, mine got blown away!

[ChartBuddy]

Explanation

[bitcoinPsycho]