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

[ChartBuddy]

Explanation

[BillyCoiner]

Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.

[cAPSLOCK]

Good time to buy methinks.

I rarely buy because I am broke.  But I set some orders at the 50dMA.  Filled 95% of it!

This trick never works for me.  Usually!

[machasm]

Hello fellow WO's.
Greetings from motherland China!

We have to be open and honest and have a conversation about how we go forward.
I say conversation, but of course I mean: you do what I say.
What, you thought this was a democracy? You thought wrong! Ask my pal Joe Biden what he thinks about fair elections! Ha ha ha!

The time has come to really, really, really ban Bitcoin now.
It is simply too harmful for the environment to mine Bitcoin.

You want to buy 100 million plastic dildos? Is no problem.
You want to move Tesla manufacturing to our country? Is no problem.
You want us to make lots of nonsense you don't need? Is no problem.
You want to mine a rare digital asset? Ho ho ho! Not so fast.
Is too dangerous!

Speak to Proudhon for more information.
His Maths and Sciences are what we base our environmental plans on.
We plan to be carbon neutral by tomorrow evening.

Thank you for your attention.
Xi Ping Jumbo Big Cock

https://edition.cnn.com/2021/11/16/investing/bitcoin-china-crypto-mining-crackdown-intl-hnk/index.html

I cant believe that China has influence left. They have already "banned" bitcoin a thousand times and driven all the miners out. What else have they got left to fling at BTC?
There is only so many times one can cry Wolf before people stop taking notice.

[cAPSLOCK]

This is how it works: n00bs who have spent an entire day reading about what is a short/long position get aroused by the 99.99% possibility to get rich by opening a 100x leverage long position  (yachts and lambos in their wet dreams I guess). And since their action is visible by everybody thanks to services like glassnode, it is easy for the bears to short the market liquidating $1 bil in 24 hours. It is like trying to win a poker game with your hand visible to everyone. Not gonna happen, pals. There is no such thing as a free lunch.   Let's see if the optimism of the imbeciles will continue, leading to more liquidations. All this was helped by fake news and irrelevant fud throughout the year. Apart from that, everyone else is buying and holding as is seen by the stats.

(Emph. mine)

[cAPSLOCK]

[ChartBuddy]

Explanation

[shahzadafzal]

“Everything gets cheaper over time when you price in #Bitcoin”

https://twitter.com/danheld/status/1460608601832050689?s=21

[julian071]

This is how it works: n00bs who have spent an entire day reading about what is a short/long position get aroused by the 99.99% possibility to get rich by opening a 100x leverage long position  (yachts and lambos in their wet dreams I guess). And since their action is visible by everybody thanks to services like glassnode, it is easy for the bears to short the market liquidating $1 bil in 24 hours. It is like trying to win a poker game with your hand visible to everyone. Not gonna happen, pals. There is no such thing as a free lunch.   Let's see if the optimism of the imbeciles will continue, leading to more liquidations. All this was helped by fake news and irrelevant fud throughout the year. Apart from that, everyone else is buying and holding as is seen by the stats.

Sometimes I get the idea the market will often only move if there are enough longs or shorts to liquidate (other then the times there actually is some news).

Aaaaand yes bought that dip. Started daytarding again a while ago just for the fun of it.

[bitcoinPsycho]

Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.

Fur cough

[dragonvslinux]

This, as a trader, I've really noticed this year with ETH that ...

It was worth it to dox.. dragonvslinux...

 

Since when was I a day trader?

For reference, I only trade the seasons for satoshi profits and otherwise invest/accumulate in the cycle when it comes to a bull market. I therefore don't trade with fiat-based shitcoins (unless in a bear market), especially not leverage day-trading, as you probably know, but each to their own. It's also ok, I don't take offence, I don't mind being misrepresented while I accumulate more Bitcoin, makes me giggle a bit really. I get that for some this day maybe a sad one, bring up some negative emotions or "would suck" as someone put it, but for me it put's a smile on my face.

Fortunately the BTC drop was combined with a rise of it's dominance, so triggered some more profit taking to accumulate more just below $60K  

... hence I'd expect this liquidity to eventually shift back to Bitcoin.

Am otherwise liking the bounce of the 50 Day MA "what a coincidence" this would happen in a bull market  

[LFC_Bitcoin]

I thought you guys were joking about China doing China things again. I’ve just looked on Twitter though & it appears they have been pressuring miners again.

I’m definitely not worried now. China haha, pathetic. I guess we’ll be back to $65,000 by the end of the week.


https://cointelegraph.com/news/china-warns-state-owned-enterprises-to-cease-involvement-in-bitcoin-mining

[Hueristic]

https://www.youtube.com/watch?v=S3zlqHdmPQs

[dragonvslinux]

VanEck Bitcoin Futures ETF just launched. Now wondering if the correction was in anticipation of futures dumping the price (memories of 2017), but doesn't look like this is the case so far...



https://www.coindesk.com/markets/2021/11/16/vaneck-bitcoin-futures-etf-xbtf-launches-on-cboe-exchange/

[aysg76]

I thought you guys were joking about China doing China things again. I’ve just looked on Twitter though & it appears they have been pressuring miners again.

I’m definitely not worried now. China haha, pathetic. I guess we’ll be back to $65,000 by the end of the week.


https://cointelegraph.com/news/china-warns-state-owned-enterprises-to-cease-involvement-in-bitcoin-mining

Same here and now i enjoy this china ban shit talk and wait for the prices to recover more the next time.



They think they can stop or hinder it's growth then it's completely wrong and this is how ban works now:



Have diamond hands as CCP is having and they are dumping to accumulate more..

[ChartBuddy]

Explanation

[BitcoinBunny]

Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.

So far I'm up with every piece and every whole BTC I've ever bought. Think I will listen to my string of successes rather than to people without any evidence of success warning about potential failures.

[JimboToronto]

Good morning Bitcoinand.

I see we're halfway back up after a wee dip... currently $60970USD/$76508CAD (Bitcoinaverage).

Hope some smart folks too advantage of the suckers who sold. I was too busy enjoying life.

...sell before it gets worse.

Smart people don't sell. They buy and spend.

[d_eddie]

China's final, final, final ever, Bitcoin ban honestly.

It's the end of Bitcoin again.

Works every time, Baa Baa better panic sell now!

Cue enter Billy and Proudhon full of glee.

1. CHECK

Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.

Like clockwork.

Proudhon is too funny to arrive reliably on cue. He might make the audience wonder for a bit... building expectation for some theatrical math&science effect.

[julian071]

Proudhon usually shows up just before prices soar again. Hoping to see him soon.