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

[somac.]

[1714061219]

1714061219

[1714061219]

1714061219

[1714061219]

1714061219

[1714061219]

1714061219

[1714061219]

1714061219

[1714061219]

1714061219

[somac.]

Honestly, I am gloating about these long leverage liquidations. Am I a bad person? May be... But these morons will never learn from their mistakes until they lose all their money. I am not sure about the exact numbers, coinglass shows much less, but they don't include CME, bakkt and others, which is rather strange. They show 1B liquidations, but on blockchainwhispers I see that only on Binance 1B longs were closed/liquidated. Since Binance is the main price maker, these longs have been a huge problem each time the price started moving up. Obviously, too many monkeys had been trying to squeeze some profit into the eye of a needle. And this is the second big long liquidation massacre this year with almost each day losing >100 mil. Man, this is worse than the chances in a Las Vegas casino! I just can't help gloating    And buying of course.  

No you are not a bad person, these gamblers are reckless and should know better by now. Hopefully they have learned a lesson this time but I doubt it.

My guess is that Binance account holders are mainly Asian, for some reason in Asia they just love to gamble. I've never understood it. I very much wish Binance would lose its influence on the market, I just don't trust the place.

[OgNasty]

RIP to the leveraged traders. Moment of silence.

This sell off was ugly. Now the question remains, do we gap down to $41K or do we have the all clear for launch now that all the leverage was cleared out of the system? I’m personally lost for direction at the moment so it’s a wait and see situation for me.

The amount of money my portfolio lost today was shockingly impressive though. I’m not even mad.

[somac.]

RIP to the leveraged traders. Moment of silence.

This sell off was ugly. Now the question remains, do we gap down to $41K or do we have the all clear for launch now that all the leverage was cleared out of the system? I’m personally lost for direction at the moment so it’s a wait and see situation for me.

The amount of money my portfolio lost today was shockingly impressive though. I’m not even mad.

Wouldn't be surprised if we move back to the 41k area, that's where I would be putting larger buys anyway. While it's been a big day, there is still the omicron and FED issues floating around in the traditional markets. These events will probably continue to affect us, so next week may help us determine direction from here in the short to medium term.

[FractalUniverse]

Who caused that dump? 

[ChartBuddy]

Explanation

[cygan]

When #Bitcoin drops

https://twitter.com/LinaSeiche/status/1467071182155530249

[AlcoHoDL]

When #Bitcoin drops

https://twitter.com/LinaSeiche/status/1467071182155530249

So true...

[El duderino_]

Who caused that dump? 

Excuse me Ser

Needed a bit of cash, buying an Island group

[strawbs]

I just love the fact that El Salvador laughs in the face of this dip and buys more. This is more bullish than any $10k dip. I'm guessing Microstrategy has probably done the same, and every other entity which understands what bitcoin will become.

[LoyceV]

I just love the fact that El Salvador laughs in the face of this dip and buys more.

For every seller there's a buyer

I understand the buyers: if something went from $68k to $48k, that's a great bargain!
I totally don't understand the sellers: if you didn't sell at $68k, why on earth would you sell at $48k?

[ChartBuddy]

Explanation

[somac.]

I just love the fact that El Salvador laughs in the face of this dip and buys more.

For every seller there's a buyer

I understand the buyers: if something went from $68k to $48k, that's a great bargain!
I totally don't understand the sellers: if you didn't sell at $68k, why on earth would you sell at $48k?

Because you are leveraged up the ass. And then there are the ones who are just inexperienced. Don't worry they'll buy again near the ATH.

[vapourminer]

BLAH!!!!

10,159 Words.
56,675 Letters.

Dayum.

lol

my 1st computer had 1k memory. didnt get to a computer that could hold that JJG post fully in RAM till years later on my CP/M rig with 64k.

too lazy to math out the transfer time on a 300 baud modem but im sure its long enough to fall asleep waiting for it.

oh wait, just like actually reading them irl

You speculate that you got it rough.. just consider being stuck in a body that has to write such 'splainings to have to respond to some of the lame-ass ideas (if you can call them that?) of you goofballs (#nohomo).

well its actually a mouse wheel that had it rough.. as in the rubber part of the scroll wheel separated from the scroll wheel itself. no lie either, i will try to get a decent pic and post it. pretty sad looking, and it gave its life in a valiant effort to save my sanity from your basic JJG sized posts.

JJG if you set up a mouse scroll wheel retread business you could prolly  get a decent side hustle going.

[FractalUniverse]

I just love the fact that El Salvador laughs in the face of this dip and buys more. This is more bullish than any $10k dip. I'm guessing Microstrategy has probably done the same, and every other entity which understands what bitcoin will become.

heheh
I like him 

[serveria.com]

Dead cat bounce? Moar pain incoming? 

[AlcoHoDL]

[...]

JJG if you set up a mouse scroll wheel retread business you could prolly  get a decent side hustle going.

"mouse scroll wheel retread business" OMG, ROTFLOL...

Damn vapourminer, you owe me a freaking keyboard. Need to clean this up now... FUGG!

No offense to Jay, but that line by vapourminer was a megaLOLer.


@serveria.com

Yeah... Moar pain... HoDLers are a weird kind. They are into S&M shit. The M part especially. They can't live without pain. So bring it on. And in Q1 2022 we switch to the S part...

[ChartBuddy]

Explanation

[somac.]

I just love the fact that El Salvador laughs in the face of this dip and buys more. This is more bullish than any $10k dip. I'm guessing Microstrategy has probably done the same, and every other entity which understands what bitcoin will become.

heheh
I like him 

Let's hope it pays off for him sooner rather than later.

[bitebits]

https://twitter.com/CryptoCobain/status/1467099940572782592