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

[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.

[AlcoHoDL]

…..

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.

+1 WOsMerit

[JayJuanGee]

all-in

Well, if you have been buying all the way down, and you run out of money.. there are not going to be too many options.. would not seem to make any sense to do anything other than HODL.. and maybe hope that you have some more cashflow coming in at some point so that you can buy some more.. .if you dare.

WTF is happening?

More sellers than buyers.

 

[Millionero]

there’s an almighty invisible sky fairy living in the heavens.

You talking about Bawb?

[Biodom]

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

Was it a SPAC? down 19%, just today. btfd?
I would definitely put it on my stocks to watch list, though.

[Mbitr]

Red chilli or green chilli next 




https://twitter.com/0x_vinyl/status/1484405435432161280?s=21

[ChartBuddy]

Explanation

[YourMother]

"Hedge against inflation", "Muh institutions" while the shitcoin can't even trade at 2x over the previous all time high of fucking 2017 lol (reminder that we are in 2022)

[suchmoon]

Was it a SPAC? down 19%, just today. btfd?

Special purpose acquisition company... basically Wall Street bullshit that takes "shelf company" to a whole new level. They create a SPAC that does absolutely nothing but is listed on e.g. NASDAQ, with the sole purpose of eventually merging with an actual business (who presumably will want to merge with you because that gives them instant listing on NASDAQ). The SPAC "sponsors" - typically banks or venture capital firms - take their cut upon completing the merger and don't give two shits about the actual business. Not that I really mind Wall Street finding new ways to separate TikTok and Reddit kids from their money. Survival of the richest.

[Biodom]

Was it a SPAC? down 19%, just today. btfd?

Special purpose acquisition company... basically Wall Street bullshit that takes "shelf company" to a whole new level. They create a SPAC that does absolutely nothing but is listed on e.g. NASDAQ, with the sole purpose of eventually merging with an actual business (who presumably will want to merge with you because that gives them instant listing on NASDAQ). The SPAC "sponsors" - typically banks or venture capital firms - take their cut upon completing the merger and don't give two shits about the actual business. Not that I really mind Wall Street finding new ways to separate TikTok and Reddit kids from their money. Survival of the richest.

yes, but look at the anchor sponsor-Black Rock.

https://www.bloomberg.com/news/articles/2022-01-20/north-america-s-biggest-bitcoin-miner-to-debut-after-spac-vote

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock ilk are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

Core Scientific had mining capacity of 6.6 exahash, or a measure of computational power, for its own account and 6.9 for hosted customers, for a combined 13.5 exahash of processing power at the end of last year. That exceeded the company’s previously issued outlook for 11 by the end of 2021. They also had a stockpile of 5,296 Bitcoin.

Marathon Digital Holdings Inc. had a 3.5 exahash rate at the end of December, and Riot Blockchain Inc., 3.1 exahash, respectively, though both companies have projected sharp gains in processing power for the coming year.

13.5 exahash is 6.7% of ALL btc hash power, using today's numbers (could be more if hash data for them is older than today's).

[suchmoon]

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

I think they're already loaded to the brim after 10+ years of bull run... just a matter of selling before the peasants.

Look at Netflix today, fucking hell.

[Torque]

SPACs are basically the shitcoins/NFTs of the Wall Street world now. Just Pink Sheets 2.0 for the get-poor-quick meme generation.

Insiders divest on launch, getting rich whilst leaving the late investors holding worthless bags.

[ChartBuddy]

Explanation

[Biodom]

SPACs are basically the shitcoins/NFTs of the Wall Street world now. Just Pink Sheets 2.0 for the get-poor-quick meme generation.

Insiders divest on launch, getting rich whilst leaving the late investors holding worthless bags.

just the matter of price.

may 13.5% of all hash power mining in a energy-efficient mining operations generate good earnings?
If you think that it is not, long term, then bitcoin is not really sustainable at the miner level.

[Biodom]

Sooo, it looks like WS "nobility" of the Fidelity and Black Rock are involved.
Gives you a perspective on this "dip"..similar to the internet dip of 2001-2002..just an excuse to load up on the cheap.

I think they're already loaded to the brim after 10+ years of bull run... just a matter of selling before the peasants.

Look at Netflix today, fucking hell.

I was 1.5-2 years early with netflix puts, but because of incredible volatility in March of 2020, I was able to sell NFLX puts (that were still $50 out of money) for a small profit.
In normal conditions, they should have been worth close to zero.

[savetherainforest]

Where da meme at?

It's a bit meta. yellow's alt is Robert Malakas on Twitter, posted the newsflash ALLCAPS earlier today, and it seems to pretty much exactly coincide with the dildos.

Bob... you got to stop looking in the mouth of snakes that sell magical oil. And look what the big movements are, like for example that acquisition of Activision-Blizzard-King from Microsoft. And all those shareholders that got 69 billion $ US to just, do nothing with them?  (I mean, the deal is not 100% done, but it is kinda 99%........ But meanwhile they are in limbo, they need to move money and park it somewhere.)

I'm not certain that stocks will be too much of their interest when it comes to billionaires and their money. They like control too much. And as much as I am sure that many of those billions will not go to crypto. From almost 70 billion, I am sure that at least 10 billion will go to crypto, until they will find their new pet company that they would like to control. And 10 billion might not be much in crypto, but it might sustain a pump and create even more scarcity.


And that was just an example. Many more such controversy hush-hush selloffs and shady billion dollar deals are made all over the place.   
They run away from inflation and madness of the system. They seek refuge. And they will park their money into crypto without shadow of a doubt.