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

[Torque]

Ethereum is much like the stonk market:

It'll always get pumped, even though it is complete dog shit.

The biggest scam in crypto history (next to XRP).

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[xhomerx10]

Firework on Binance US.

 I just zoomed in to the 1m chart and it seems as though someone did a market sell of ~590 bitcoin.  That's like diving into the shallow end of a pool.

[hisslyness]

Ethereum is much like the stonk market:

It'll always get pumped, even though it is complete dog shit.

The biggest scam in crypto history (next to XRP).

I think XRP superseeds ETH in the ShamWow of scams!... but thats just me...

[BitcoinBunny]

Ethereum is much like the stonk market:

It'll always get pumped, even though it is complete dog shit.

The biggest scam in crypto history (next to XRP).

One of the major differences between Bitcoin and Ethereum’s economics is that the latter is not deflationary, i.e. its total supply is not limited.

I don't think many of the people who buy Eth know this. It is claimed by the (centralised) "founders" they have this inflation for "security" reasons.
To me it sounds just like the need for inflation in a fiat currency: some reason that doesn't make sense.

Bitcoin already shows you don't need inflation because of "security".

Currently: avg Eth fee: $31.4. avg BTC fee: $4.17

Makes no sense to chase ETH when we all know BTC is the store of wealth and not even the ETH scammers claim that their chain is that. Their letting fools think that perhaps but I've never heard them say it is that.

If there is such a need for smart contracts, ie if my fridge needs to automatically order eggs and milk from a supermarket computer and pay the robot delivery then it would cost $63 before anything is delivered.

Nonsense carry on.

XRP is probably a bigger scam but I am starting to think Cardano is similar also.
Just a bunch of dudes trying to make their own Bitcoin / blockchain / copy for whatever reason they can sell it and fleeing when they get found out.
See also Charlie Lee with Litecoin and Roger Ver & whatever other assholes were involved with Bitcoin cash.

[hisslyness]

Ethereum is much like the stonk market:

It'll always get pumped, even though it is complete dog shit.

The biggest scam in crypto history (next to XRP).

I think XRP superseeds ETH in the ShamWow of scams!... but thats just me...

What have they created that is revolutionary. A centralise token to transfer between banks? Already done!!

If you want to use a centralise token, use paypal or your local fiat currency.

XRP just knows how to use fancy buzz word and marketing strategy...

On-Demand Liquidity ›
Eliminate pre-funding and unlock trapped capital with the digital asset XRP.

WTF does that mean? you think you got more bullshit liquidity than a bank? fucking dreaming....

RippleNet
Tap into the world’s leading global payments network.

Processing the same amounts that VISA, Mastercard and AMEX does?

XRP offers financial institutions the fastest, most reliable option for sourcing liquidity on demand.

Really??? Really?? Really?....

Yet people still buy into that shit!...

[Cryptotourist]

That's like diving into the shallow end of a pool.

… half empty pool that is, swarmed with starving crocodiles, piranhas and anacondas.

[ChartBuddy]

Explanation

[Erumo]

Tomorrow will will see a downtrend !

Told `ya -5%

[vroom]

Tomorrow will will see a downtrend !

Told `ya -5%

I hope you sold all your bitcoin

[ChartBuddy]

Explanation

[xhomerx10]

That's like diving into the shallow end of a pool.

… half empty pool that is, swarmed with starving crocodiles, piranhas and anacondas.

 I wasn't able to capture all of the elements you mentioned but I think this still sums it up pretty nicely.

[dragonvslinux]

Long time no post. After finding support from $40K and breaking through $45K short-term resistance level we continued the uptrend as expected, hence not much to write about.
Logarithmic growth has returned to looking very healthy. A re-test of mid level of log growth around mid $50K woudn't be out the question however.

This would merely be the old resistance being confirmed as new support and therefore nothing to worry about imo. Only another opportunity to BTFD in a strong uptrend.



A lack of follow through the following day or week after new ATH doesn't confirm a fake-out or double top either, only the need for price to consolidate before further upside.

[marcus_of_augustus]

Tomorrow will will see a downtrend !

Told `ya -5%

.... mmm delicious looking bear trap

[CistaCista]

Firework on Binance US.

That shit cost me dearly (on Kraken).
Apparently I am an idiot for having set up market stop loss orders.
You can all mock me now. I am still confused about what orders to set up moving forward.

[marcus_of_augustus]

Firework on Binance US.

 I just zoomed in to the 1m chart and it seems as though someone did a market sell of ~590 bitcoin.  That's like diving into the shallow end of a pool.

... who would do such a thing?

[ChartBuddy]

Explanation

[HI-TEC99]

Where's all the new ATH rocket gifs?

[LoyceV]

I just zoomed in to the 1m chart and it seems as though someone did a market sell of ~590 bitcoin.  That's like diving into the shallow end of a pool.

... who would do such a thing?

It could be a dumb mistake. Flash crashes can be really nice if you have the right buy order.

[JayJuanGee]

A great party time is coming ahead for the holders and fuck those who disbelief the power of bitcoin and nocoiners will regret inside shortly.

What is the source of that post - a tweet, right?

Man the price is going crazy today, i wounder if we will hit 100k

$100k is for ants...

sure probably not hitting it today... but anytime between two weeks and the end of November seems feasible..

I am not sure about end of the year being the top for this cycle..

Just seems to me that there are such good odds to drag the top out for 1, 2 or even up to 3 quarters, even if I still understand that a kind of 4-year pattern schedule does seem to be pretty strongly adhered to, also.

What a dilemma..? until after it happens. then the dilemma is resolved... but gosh, even experiencing these kinds of dilemmas, it is also quite ironic that quite a few of us have been preparing and continue to prepare for the dilemma, too... so even if we have a plan that accounts for the dilemma and allows us to profit from variations of the unexpected, we still can feel dilemmas at the same time.  Go figure.

[ChartBuddy]

Explanation