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

[tokeweed]

This is by inversebrah...  Most of you itt prolly know him. 

[1713904748]

1713904748

[proudhon]

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:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.

Are you sure they won't just cancel the next halving considering Bitcoin is such a failure?

You joke, but it's totally plausible the halving will be delayed due to a cascade of miners abandoning the sinking ship.

[seljo]

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:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.

Are you sure they won't just cancel the next halving considering Bitcoin is such a failure?

You joke, but it's totally plausible the halving will be delayed due to a cascade of miners abandoning the sinking ship.

Bullish AF.

[shahzadafzal]

I’ll wait for the dip…
It will go lower…

I’ll wait for the dip…
It will go lower…

I’ll wait for the dip…
It will go lower…


https://twitter.com/documentingbtc/status/1484539522742378501?s=21

[shahzadafzal]

New York City Mayor-Elect announced he would be taking his first three paychecks in #bitcoin BTC.


https://twitter.com/bitcoinmagazine/status/1484492001097785346?s=21

[proudhon]

New York City Mayor-Elect announced he would be taking his first three paychecks in #bitcoin BTC.


https://twitter.com/bitcoinmagazine/status/1484492001097785346?s=21

Here we see a mayor who hates wealth, but loves collecting digital tokens.

Nothing wrong with that.

[aesma]

No I'm pooooor !!!

proudhon is here, how surprising.

Are you misogynistic like the original one ?

[Torque]

https://twitter.com/saylor/status/1484350119944208385?cxt=HHwWgoCq2bqkvJkpAAAA

[ivomm]

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:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.

We know what you are doing with your posts. This is a bitter sarcasm mocking all those weak hands who always sell/short and lose great potential profit because of their short-sightedness. It's just that after the 1000th post of that kind, it becomes boring, at least for me. Besides, there are plenty of autists/aspergers between the weak hands and they can't get the sarcasm. Reading these posts they might actually believe you said what you meant.

For the latter, the translation is this: Don't panic if the price falls from X to Y, because in a matter of days, maximum a year, it will return to X. But if you sell, you will be out of the train and miss the next 10x bull run. Chill out peeps, get a life and don't bother about it.

[ChartBuddy]

Explanation

[Arriemoller]

Top Scientists conspired to cover up lab leak investigation

Scientists believed Covid leaked from Wuhan lab - but feared debate could hurt ‘international harmony’

Emails to Dr Anthony Fauci show ‘likely’ explanation identified at start of coronavirus pandemic, but there were worries about saying so

Leading British and US scientists thought it was likely that Covid accidentally leaked from a laboratory but were concerned that further debate would harm science in China, emails show.

An email from Sir Jeremy Farrar, director of the Wellcome Trust, on February 2 2020 said that “a likely explanation” was that Covid had rapidly evolved from a Sars-like virus inside human tissue in a low-security lab.

The email, to Dr Anthony Fauci and Dr Francis Collins of the US National Institutes of Health, went on to say that such evolution may have “accidentally created a virus primed for rapid transmission between humans”.

But a leading scientist told Sir Jeremy that “further debate would do unnecessary harm to science in general and science in China in particular”. Dr Collins, the former director of the US National Institutes of Health, warned it could damage “international harmony”.

https://www.telegraph.co.uk/news/2022/01/11/scientists-believed-covid-leaked-wuhan-lab-feared-debate-could/

... same stand-up guys/"scientists"/ "virologists" pushing the death jabs into you idiots

more in depth

What an utter nonsense.  
Post your crap elsewhere, please.

No wonder BTC price crashes.

Hopefully BTC will go up again when your crap is deleted.

Saying it's nonsense doesn't make it so, disprove the claims or get the fuck out of our thread.

[proudhon]

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:

Derivative markets contributed to the fall, namely option expiration, increased open interest, increased use leverage by short traders, etc.

Next option expiry will hurt.

I just hope that when the uppity resumes, it will be fast and wild enough to reck some of these paper dealers. Eventually, they will need some physical corn to cover. My wish for them is that they have to scramble and marginally buy it at 200k+ apiece.

And it is guaranteed to remain nothing more than a wish. Bitcoin won't go above $45k at any point in 2022. Nor will it in 2023, 2024, 2025, and beyond. Macroeconomic winds have finally caught up to the mania. Nothing about bitcoin is special enough to overcome the headwinds of the next decade of economic policy. Before the next halving we will see prices below $10k.

We know what you are doing with your posts. This is a bitter sarcasm mocking all those weak hands who always sell/short and lose great ponential profit because of their short-sightedness. It's just that after the 1000th post of that kind, it becomes boring, at least for me. Besides, there are plenty of autists/aspergers between the weak hands and they can't get the sarcasm. Reading these posts they might actually believe you said what you meant.

For the latter, the translation is this: Don't panic if the price falls from X to Y, because in a matter of days, maximum a year, it will return to X. But if you sell, you will be out of the train and miss the next 10x bull run. Chill out peeps, get a life and don't bother about it.

I invoke my god given right to a Glomar response.

[ChartBuddy]

Explanation

[d_eddie]

I invoke my god given right to a Glomar response.

 

[sirazimuth]

…..

Saying it's nonsense doesn't make it so, disprove the claims or get the fuck out of our thread.

As a general rule, it’s the job of the person who makes the claims to prove them true.
Not the job of the person who calls the claims nonsense to disprove them.
I can’t disprove the claim there’s an almighty invisible sky fairy living in the heavens.
But I still call the claim nonsense anyway.

[BobLawblaw]

[Torque]

…..

Saying it's nonsense doesn't make it so, disprove the claims or get the fuck out of our thread.

As a general rule, it’s the job of the person who makes the claims to prove them true.
Not the job of the person who calls the claims nonsense to disprove them.
I can’t disprove the claim there’s an almighty invisible sky fairy living in the heavens.
But I still call the claim nonsense anyway.

https://bitcointalk.org/index.php?topic=5362774.msg58997889#msg58997889

[JayJuanGee]

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.

For sure this can happen, and does happen...... frequently...... to a lot of peeps.... not excluding yours truly from such failures of buying too much too soon.. even though I think that I have gotten a lot better over the years - which is seen in my order spread and also my attempts to maintain down to the 208-week moving average price (currently at $19k)  - which is not always completely successful to both maintain down that far and sustain it.

The market already knows that we have more than 4 rate hikes coming this year with cessation of all QE.

I'll believe it when I see it.. that is "if" I see it.... but I agree that the market is reacting to such.. so probably does not even matter if it is actually going to happen, just that the market is reacting as if it were going to happen, whether it actually happens or not.

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.

Huh?

I know that your above-linked website is showing current live difficulty... but in regards to the difficulty adjustments, we have already exceeded all time difficulty adjustments.. yesterday shows that we have reached a new all time high in comparison to May 13, 2021, which was the previous ATH.

See the various historical adjustments:
https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

Regarding your overall point about computing power continuing to flock to bitcoin, for sure that is bullish as fuck for actual bitcoin fundamentals, and lots of things are bullish as fuck for bitcoin fundamentals.. that does not mean that short-term price follows long term fundamentals, even though many of us who follow bitcoin long enough know not to get distracted by short-term price movements, unless we are just buying on the dips in order to realize some of the discrepencies in regards to price being lower than it should be.. at least in the longer term there will be greater likelihood that the price will recover from the various ongoing undervaluings.... we also see those kinds of periods of outrageously crazy recoveries that cause the BTC price to go way beyond sustainability.. too.. what else should any of us expect when there is so many attempts to keep the BTC price down lower than it should be and for longer than it should be.. it just gets out of control in the other direction... at some point.. whether we have to wait a few months.. or even if we end up having to wait a year or longer... yeah.. it's not always easy to be a HODLer.. or even to realize how much we should be buying on a regular basis when the current short term trend seems to be NOT up.

[ChartBuddy]

Explanation

[suchmoon]

As a general rule, it’s the job of the person who makes the claims to prove them true.
Not the job of the person who calls the claims nonsense to disprove them.
I can’t disprove the claim there’s an almighty invisible sky fairy living in the heavens.
But I still call the claim nonsense anyway.

I'm sure someone has tweeted about it. That counts as solid proof these days. If it's got emojis and/or memes that's basically peer-reviewed.