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

[El duderino_]

Gotta see it from a better perspective

Corn is worth less

But my collectible corn stuff is again worth more (If I would sell them)

People who are selling stuff for corn cannot be to upset….

[ChartBuddy]

Explanation

[OutOfMemory]

Hang on a minute, is bitcoin dead?
Thought I'd drop by just to check.
Ah no, just a fire sale - get 'em while they're cheap. Last chance.

#haiku fail

I just come from the funeral. BTC didn't show up, the coffin was empty.
#btFd

Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...

100 TRY bills this time, sorry...

[serveria.com]

C'mon Bitcon, you know, do something...  

Anyways, where're Saylor's and Bukele's BTFD announcements? Right about time to buy the dip, girls!  

[Paashaas]

R.I.P Meat Loaf.

[serveria.com]

Come on Bitcoin. I'm never going to be able to lie on a bed wearing sunglasses covered in $100 bills and holding a gun at this rate...

The only thing that troubles me is that I might get too old for the $100k party... 

[somac.]

C'mon Bitcon, you know, do something...  

Anyways, where're Saylor's and Bukele's BTFD announcements? Right about time to buy the dip, girls!  

Probably blown their wads already on all the previous dips down from 69k.

[ChartBuddy]

Explanation

[Paashaas]

Prepair for a possible max pain weekend dump to $35k and a wick to $30k.

[somac.]

Prepair for a possible max pain weekend dump to $35k and a wick to $30k.

Possible, but I think that would depend on how the traditonal markets do tonight.

And I think it is important to note that the main indexes are at key support. The market already knows that we have more than 4 rate hikes coming this year with cessation of all QE. It's possible that everything is near or at being fully priced in and the thing with rate hike cycles is that they are not actually bad for the markets. The bad part is what we have already had, and history shows that after that is done, markets go up with interest rates.

[NeuroticFish]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Is there any good reason that the steady rise/recovery of mining difficulty is not visible at all in the latest evolution of the price?
I mean that we're almost back to all-times-high-difficulty and nobody seem to care. It makes me think that this movement could be a trap, but maybe it's just my hopes talking.

[somac.]

Well, the events described in this post happened. There was a short/long squeeze on the market and a further drop in prices below significant support levels:

Is there any good reason that the steady rise/recovery of mining difficulty is not visible at all in the latest evolution of the price?
I mean that we're almost back to all-times-high-difficulty and nobody seem to care. It makes me think that this movement could be a trap, but maybe it's just my hopes talking.

Zoom out on the chart, and you'll see that it is indeed a trap. The monetary system is designed to have constant inflation (not deflation i.e it's not possible to suffer a great depression), this means that long-term asset prices must go up. Take the S&P500, look at the last 30 years and imagine you bought every week no matter what the price was. >99% of those buys would be in massive profit right now. The system is designed for up and up only long-term, buy regularly every week for decades and retire with craploads of money.

[BitcoinBunny]

R.I.P Meat Loaf.

 

I have all his stuff.

Saw him many times live, all over the UK in fact.

He was rather good at performing rock shows with his band in the 90s and 200xs. His music was epic, especially the stuff with Jim Steinman.

Very sad to hear.

[ChartBuddy]

Explanation

[greensheep]

Again some options expiry today, seems like every week there is an option expiring somewhere
Can anyone even keep the overview?

Those paper thingiez don't seem to do no good...

[BitcoinBunny]

Again some options expiry today, seems like every week there is an option expiring somewhere
Can anyone even keep the overview?

Those paper thingiez don't seem to do no good...

Everything surrounding Bitcoin that isn't Bitcoin is just a toxic piece of crap and a distraction. They are designed to make non holders money, or try to make money from BTC within existing retail markets which is just foolish when you think about it, make a quick buck and these distractions just eat away at BTC itself. Non of these things remain and almost all such things seem to come and go except for BTC itself.

Futures, ETFs, YouTubers, "evangelists", shitcoins, NFTs.

You name it....

[aysg76]

CB are you listening??



Not resizing it because want to pump with full pressure and don't break this barrier and go upwards.

[ChartBuddy]

Explanation

[ivomm]

#Bitcoin investors have realised large losses during this sell-off, with net daily losses between $600M and $875M/day.
Whilst these are significant sums, they remain small relative to $1B+ losses realised during the May-June capitulation, and the deleveraging of 4-December.


https://twitter.com/glassnode/status/1484445927888859136

[serveria.com]

Bitcoinwisdom has a new design?

P.S. Liked the previous look better as now there's a long list of shitcoins on the front page.