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

[d_eddie]

It would be oh so nice to fuck back these option fuckers. A form of gamma squeeze like what happened with GME, or something. Buying a full bag of lowish strike puts, just to stop the bearwhales from fucking with low prices. it takes knowledge and a shitload of money though.

I just hope they pick up their last penny while hearing the steamroller arriving slowly... only this time it's running like hell. Hurt them for good at least once, and likely they'll remember for a long time. Are individualistic, libertarian bitcoiners really worse than Reddit apes when it comes to coordinated tactics?

Time is on our side anyway, yes I know - but I am rightfully pissed off.

[1714947809]

1714947809

[1714947809]

1714947809

[1714947809]

1714947809

[ChartBuddy]

Explanation

[El duderino_]

So many dip buyers

Didn’t realize there where so many BTC’s

 

[Biodom]

It would be oh so nice to fuck back these option fuckers. A form of gamma squeeze like what happened with GME, or something. Buying a full bag of lowish strike puts, just to stop the bearwhales from fucking with low prices. it takes knowledge and a shitload of money though.

I just hope they pick up their last penny while hearing the steamroller arriving slowly... only this time it's running like hell. Hurt them for good at least once, and likely they'll remember for a long time. Are individualistic, libertarian bitcoiners really worse than Reddit apes when it comes to coordinated tactics?

Time is on our side anyway, yes I know - but I am rightfully pissed off.

This is almost nothing to do with options whatever.
Markets are simply reacting to news about a new variant, rightly or wrongly.
I wouldn't bother with options here.

[d_eddie]

You think? To me it's a strange coincidence for this to happen on this very day. One in 30 chance, more or less. Bayes theorem no?

[Biodom]

You think? To me it's a strange coincidence for this to happen on this very day. One in 30 chance, more or less. Bayes theorem no?

btc dropped coincidentally with EVERYTHING else (risk assets), that's a real correlation.

[cAPSLOCK]

So many dip buyers

Didn’t realize there where so many BTC’s

 

There will ALWAYS be BTC for sale!  It's just going to be a little while before any of the sats I own move.  Except maybe to new taproot addresses... though I still have not figured out how taproot works lol.

[psycodad]

Makes me wish I had some extra fiat to sell.

I like your way of thinking!
We are not buying bitcoin, we're dumping fiat before it goes to zero and is dead!

[DaRude]

There's more volume on conbase in 15min than their ask order book to $62.000

[d_eddie]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

[ChartBuddy]

Explanation

[JayJuanGee]

Looking at Bitstamp's 5min chart reminds me of those cute memes that proudhon posts.

He knew. He always knew.    

Hahahahahaha

Gotta send an smerit for this kind of humor....   Insights regarding the profundities of bitcoin coming from such strong 5-minute chart revelations.

 

I welcome another market drop caused by covid. Last time this happened you could scoop up btc at around $3500, if you hodl it at current rates you're up what.. 1600% ish? Bring it on 

But?

What would be the new $3,500?

I hate to say.

Perhaps $46k?  or maybe $52k?  or some other number?  It's difficult to get me excited about picking up BTC when I have more than enuff... but sure, I can relate to the fact that other peeps might feel good (or better) to pick up a few more BTC along the way...

Don't get me wrong.. I am buying on the way down.. and seems that my buy orders started executing in about the $61k price arena.. and sure they have been executing around every $1k DOWNity.. not exciting for me, but just a part of the process... and by the time we get up to either $61k or even $69k again, then I will have a wee bit MOAR sats than the first times that we were there.. and sure we have ONLY been to $69k once, so far.. ... but the odds seem pretty good that we are getting there again in the next 2 weeks to 4 months... and I would be somewhat surprised if $69k were to end up being our ATH for this calendar year... but I would not be shocked or flabbergasted as perhaps some peeps might be quite devastated by such a decently lovely number that might end up serving as a bouncing board for 2022.. perhaps?  or maybe not.. but still does not feel like a bad place to be for the year and does not feel as if we are going anywhere negative, even if some of the no coiners and bitcoin naysayers might be starting to make such proclamations.. which just seems to serve as a potentially great fuel for either a late 2021 or early 2022 reckening.. perhaps?  Maybe?  Maybe not?  how can any of us know with any level of certainties?

[OutOfMemory]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

I don't even get WHY markets dump because of the news.
What do you do with all the fiat after selling your assets?
Or is it more about "sell before everybody else is selling, to get in again after everybody has sold"?

[goldkingcoiner]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

I don't even get WHY markets dump because of the news.
What do you do with all the fiat after selling your assets?
Or is it more about "sell before everybody else is selling, to get in again after everybody has sold"?

Last weekly candle was well in the red. So I think this is just people selling because they think the expected dump might go deeper because of the covid news. Any hopes of last weeks candle being a bear trap are gone. The dump goes on.

[ChartBuddy]

Explanation

[Torque]

Most of you anti-vaxxers clearly have absolutely no idea what they are talking about, living in their own conspiracy theory bubble.

Go help yourself find a doctor, go on vacation, do some sports, read books. Clear your mind with that bullshit otherwise you always stay in that conspiracy bubble.

Quit gaslighting. You're the one that has absolutely no idea what you are talking about. It's not a conspiracy, it is fact and truth. It would be unwise to hang your hat on the pro-vaxx bullshit that the MSM is feeding you. Or just keep chomping on the blue pills.

[Biodom]

Finally, a piece of good and BITCOIN-related news:

https://decrypt.co/86958/bitcoin-industry-catches-break-biden-pick-for-occ-omarova-stumbles-in-senate?amp=1

...she appears to have no path to confirmation as five Democratic Senators have told the White House they will not vote for her, according to Axios.

[JayJuanGee]

in 6 hours and 10 minutes (4:00 pm london time) the futures will expire and bitcoin will start pumping. quote me

Times up.


You were:


wait








wait






wait for it
















WWWWWWRRRRRRRROOOOOOONNNNNNGGGGGGGG!!!!!












#just saying

How convenient for the Fed that a new covid variant "suddenly appears" right before the month they talked about tightening?  

Money printer will never not go brrr. They just need an excuse for the public.

Yep, of the 100 variants over the last few months, they decided to use this one for their media attack dogs. They know they can't taper, infact, they know that they must keep increasing the brrrr. Just needed that excuse to save face.

I think they've already seen the early retail data coming out, and realize that hardly anyone is buying anything anymore, for Christmas or otherwise. They already know that this shopping season is going to be a bloodbath of red.

The whole world is deflating, and they know it. So this is all a smokescreen cover for a controlled demolition of the world economy. Mass layoffs, lockdowns, and firings (due to non-compliance with a certain mandate) is not just a byproduct of all this, they are actively seeking a shakeout of tens of millions of people from worldwide employment. They need small businesses to fail and close permanently. They NEED it to maintain big corp profitability and to get more cheap debt fuel from the Fed.

A quick look at the falling labor participation rate proves this. Jobs that are permanently lost and never coming back.

Sadly this is pretty much the only working explaination that makes sence anymore.

They are crashing the markets over a long weekend in the US when they are either closed to the public, or only open 3.5 hours and they intend to take as much out of Joe Public's savings as possible.

Occams razor.

But one little light of solace.  

Wonder why people like Hillary Clinton are out in the news chirping about the evil Bitcoin?

Because it is NOT a part of this long laid out plan.  And they are beginning to see it is going to be trouble.

I hope President Bukele survives all this...  I would imagine people are talking about "sending a message".

For sure a fine balance between ... sending a message and creating a martre... they want the former, but not the latter...

[serveria.com]

It’s dead.

Death by covid. Bear market, sure. CNBC know what they're talking about, It's obvious.

I don't even get WHY markets dump because of the news.
What do you do with all the fiat after selling your assets?
Or is it more about "sell before everybody else is selling, to get in again after everybody has sold"?

Last weekly candle was well in the red. So I think this is just people selling because they think the expected dump might go deeper because of the covid news. Any hopes of last weeks candle being a bear trap are gone. The dump goes on.

Dump? What dump? This tiny -10% setback will disappear on a yearly (even monthly) graph dwarfed by the enormous multi-10k daily candles of December!  Don't mindrust it now, brethren... 

[ChartBuddy]

Explanation