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

[shahzadafzal]

[1715318608]

1715318608

[1715318608]

1715318608

[somac.]

Well, sucks to see that we hven't really bounced, at least it looks like we have found at the very least a short term support. I have a feeling we'll see a bounce next week though, as the Big banks have released reports showing what a massive mistake the Fed is making and they are absolutely right, take a look at it here. https://www.zerohedge.com/markets/here-comes-pivot-jpm-sees-sharp-slowdown-economy-no-further-hawish-developments-fed

Yeah.  That's the thing bothering me.  This is not exactly the V shaped bounce we would want...

I don't think we'll get that till the Fed meeting. This meeting is the most important one in a long time, it will make or break the markets.

Such a catch 22.  There are a significant number of Americans that now will believe the economy is being torched on purpose by the powers that be.

And they might be right.

Or on the other hand they can also keep going the way they have been... and torch the economy.

Yes but the second torching of the economy you mention is very drawn out, and also gives time to reform the system (lol, never happen due to corruption). The first is not an option, as it will trigger the system into a deflationary spiral that it will not be able to get out of (by itself) without serious destruction to society.

Exactly. 

And some people, if they were able to gain power, might actually purposely pull exactly that lever.

There is no question the USD is being disabled via deficits.

We got off gold under prez nixon around 1971 and the next 51 budgets we are 5 black 46 red

last 20 budgets all red.

Yes, but being that the dollar is the reserve currency the USA must run deficits. It wouldn't work otherwise. The USA actually does export a lot, it is just dollars rather than goods.

[ChartBuddy]

Explanation

[JayJuanGee]

All that is missing is a little sprinkle of EmptyGox news, now really soon perhaps maybe returning corn to their legitimate owners. Soon I guess.

Hopefully the bitcoin claims are paid back in bitcoin.

It would be irritating if those were paid back in the dollar equivalent.

Now I’m waiting for $32k, is it too much to ask?


https://twitter.com/documentingbtc/status/1484636865374347266?s=21

That is the truth of the matter.

For some reason, there are some peeps out there who cannot appreciate an actual 50% sale in prices.. for however long it is going to last.. and sure.. it could go lower, but should at least consider getting some here... so let's say.. got some at 30% off, and got some more at 40% off, and now got some more at 50% off. 

How could those be problematic moves to get a little more at each of those price points?

Of course, there are some folks who consider that when we were buying at 10%, 15%, 20% or 25% off, we should have had already known that there were going to be 30%, 40% and 50% sales.. which surely is not even close to obvious that such sales were going to be coming... but since the sales are here.. some of us are recognizing the seeming extremeness of the sale.. and questioning for how long such a sale can last... been to similar places before.. do I have regrets buying at those earlier 10%, 15%, 20%, 25%, 30% and/or 40% sales prices now that I see 50% sales, and I assert that I do not feel bad about those earlier purchases.. that's how it works frequently when us mere mortals are not really knowing or trying to know about which way the BTC price is going in the short-term - even if it seems so abundantly clear to some folks in retrospect. 

I feel confident that this was the bottom of this dip. Feel free to quote me if I'm wrong :p

How could any of us know?

Sounds like you are merely guessing.

Confirmed, we’ve definitely hit Rock Bottom

Still question.  how do you know?

I'm out of here for a bit, let's hope things improve from here, 38k would be nice.

Don’t go anywhere - things are about to get interesting  

Ahahaha....        ... that is some funny sh!t...

Anyway... I just bought another 2 billion million* DGB and around 700 LTC. ...  F U maximalists. ... look at the technology plebs!


*edit(): *2 million not billion (I wish...     )

It's would be quite strange if someone like you actually were to make any money at all.  I recall you pumping BTC at the top, and then now you are back to pumping that shitcoin that also did not do very well the last time that you were here pumping it...   actually, I am just making something like a rhetorical question.. because really, I cannot even imagine any kind of answer that would be close to helpful, except just to confirm that doing the opposite of you might not be a bad move.

[ChartBuddy]

Explanation

[JayJuanGee]

Thats a lot of FUD for one month. If China invades Taiwan and Ukraine gets invaded then I am seeing really nice buying prices for this year. 10k would be nice.

Oh gawd!!!!!  another one of those $10k proclamations... it's like the guys crying for sub $500 in early 2017... that ship has sailed.. you will be lucky to get lower $20ks... even in the worst of scenarios... but hey, what can I do regarding the imaginations of some of the peeps in these here parts?  just throw up my hands?

Are you going to 80x it, or go more conservative with a mere 8x play?

I remember the good ole days when d_eddie was talking quite a bit about how to play leveraging and margin trading but maybe he was not going beyond 1x?

Everybody so bearish, even here in this thread. Looks like selling now and buying back at 5-10k is not so stupid right? Seriously, anybody considering selling now? I mean sentiment is clearly bearish. Dump should at least continue until Tuesday. Insiders will then know what the FED will do on Wednesday. 33.8k seems like was not the bottom and little bounce has been driven down again. Maybe good time to sell and buy back lower?

I went through many dumps since 2013 but this one, sentiment is like Bitcoin is surely death this time lol...

Oh gawd... good luck with your selling in order to assuredly buy back lower.

In my years in bitcoin, I have seen several dumps in which such expectations of continued downity ended up stopping at an unexpected time, but hey, if you feel that you got it all figured out, who's going to stop you from taking a risk to get fewer coins..   

Never going to stop peeps from selling coins after a 40% or 50% correction and thinking that they know how to make some profits out of a bad situation.. which has good chances of making matters worse.. at least for those peeps making those kinds of selling plays in an attempt to buy back lower.

My seemingly boring plan would be to buy a little now, and if the price dips some more until Tuesday, then buy a bit more on Tuesday or even Monday... but hey what do I know besides having not fucked around with that kind of selling on the way down nonsense and feeling quite good about how I have put myself into a quite great position with around 35x profits, even as I type this post?

I do find this interesting. In December when the price was going down I saw coins on exchange were increasing 60k or so. I gained the courage to check now and to my surprise it was actually down. Maybe it doesn't mean much, but there it is anyway.



Also see below for some bottom hopium



Probably just to short the market, lol.

From where is that exchange supplies link?

[somac.]

From where is that exchange supplies link?

https://www.viewbase.com/coin/bitcoin

[ChartBuddy]

Explanation

[cygan]

small update

[JayJuanGee]

[edited out]

If you have a nice graph explaining our current predicament in bitcoin-that i can discuss at length with everyone and anyone.

PLEASE SAVE US....

I’m in it for the tech any way.

well, i am still in it because of the tech.

ngl though the early retirement, security and toys it gave me so far have been were pretty dope

FTFY

I’m in it for the tech any way.

well, i am still in it because of the tech.

ngl though the early retirement, security and toys it gave me were pretty dope

somehow, my feeling is that recently retired would soon unretire, but it is just a feeling.

Maybe you are correct that some of the recently retired have miscalculated.. because changes have been happening pretty rapidly.. especially regarding some of the uncertainties of being able to earn enough on your investment portfolio in order to cover your cost of living.

You are still being presumptuous regarding whether everyone has underestimated his/her circumstances, especially if you are lumping bitcoiners into the same group of those who you are speculating to have had miscalculated their circumstances.

being retired in this s-t to me makes it not worth it (to be retired), but on that the opinions may differ.

 I suppose if you have not adequately calculated your cushion, then maybe you are going to be uncomfortable to transition into retirement or some variation of fuck you status.  If you are still in a situation with decent employment options, then maybe you can put off your transition into fuck you status, but I would not presume that everyone is in the same place as you ...

For example if someone had been thinking that $1 million was entry-level fuck you status, and then realized that probably there is a need to get to $2 million in order to be at fuck you status, then maybe you are no longer feeling comfortable with your earlier target, and the fact that it changed to $2 million might want you to recalculate whether $2 million is even enough... and you may well consider that you have to get to $3 million or $4 million just to be at the place that you had previously considered $1 million to be.  Of course, I am not trying to suggest where your entry fuck you status might be, and I am merely using the transition from $1 million to $2 million as attempts at some kind of broad-scale application rather than getting into the particular circumstances of individuals... but at the same time there could be some concern about what point might be sufficient as an adjustment to the entry-level once getting into it...

Also don't get me wrong because in no sense do I suspect that there would be some need for the perfect to be the enemy of the good... because merely adjusting to double or three times of the fuck you entry level from prior to 2020 should be sufficient to put a person in a similar situation as he had been prior to 2020 with that level of cushion and for sure there should be some ability for any of us to have enough skills (especially if we are getting into fuck you status) to be able to figure out our ways to make our fuck you status sustainable once we enter it.. and not necessarily be in a position that our networth is shrinking merely because we are in fuck you status.. we do not necessarily have a situation in which we are depleting our funds at higher rates than it is growing.

Again, look at my projection of entry-level fuck you status.. and if you are considering around 100 BTC to currently be entry level fuck you status but you have close to 200 BTC then you should be good.... also if you are projecting that you will be able to get into entry level fuck you status with around 10 BTC in 4 years, but you have more than double that, then you are likely in a good position to get to fuck you status if you have fairly conservative ways of assessing your wealth levels and having some cushion and of course adjusting your data in order to account for actual facts as they play out before pulling the fuck you lever, in the event that you might be projecting that out for around 4 years, for example.

new from M. Saylor:

https://www.youtube.com/watch?v=kx8goIcXa2Y

I watched it.. .. fair enough recent reiteration of his position.

[El duderino_]

Well, sucks to see that we hven't really bounced, at least it looks like we have found at the very least a short term support. I have a feeling we'll see a bounce next week though, as the Big banks have released reports showing what a massive mistake the Fed is making and they are absolutely right, take a look at it here. https://www.zerohedge.com/markets/here-comes-pivot-jpm-sees-sharp-slowdown-economy-no-further-hawish-developments-fed

Yeah.  That's the thing bothering me.  This is not exactly the V shaped bounce we would want...

At this point while I’m only an UP guy … I wouldn’t be bothered with a flash dip until 23k as max deep….

Got a ladder untill there

Though I wish up, long term I would be better of with the flash dip…

[El duderino_]

@EricRWade
BTC traders need to be correct 501 out of 1,000 times.

#HODLers only have to be right once.
https://twitter.com/ericrwade/status/1485027057037811713?s=21

Depends on the trade imo….. 1 time could maybe safe a thousand bad ones ….

Clearly not a trader myself

[JayJuanGee]

Well, sucks to see that we hven't really bounced, at least it looks like we have found at the very least a short term support. I have a feeling we'll see a bounce next week though, as the Big banks have released reports showing what a massive mistake the Fed is making and they are absolutely right, take a look at it here. https://www.zerohedge.com/markets/here-comes-pivot-jpm-sees-sharp-slowdown-economy-no-further-hawish-developments-fed

Yeah.  That's the thing bothering me.  This is not exactly the V shaped bounce we would want...

At this point while I’m only an UP guy … I wouldn’t be bothered with a flash dip until 23k as max deep….

Got a ladder untill there

Though I wish up, long term I would be better of with the flash dip…

I doubt that you can really negotiate how any dip plays out.. and sure you are saying flash dip, which is all fine and dandy in theory.. but I don't think that it is a good thing, even if you (and some of the rest of us) can add a few more coins to our stash.

In other words...


fuck the dip...







let's resume up .. and fuck sideways too...

[Mbitr]

Lol - loved this - have a green Sunday all 



https://twitter.com/tradermayne/status/1485036984338841602?s=21

[ChartBuddy]

Explanation

[cygan]

[ivomm]

Damn...I like how many start having these bearish 10k 9k Vegeta thoughts...

I'm likely to start drinking again if we do the whole Vegeta thing again.

I am SO ABSOLUTELY over it.

But what if Vegeta returns for 90K later this year? I can live with that 

[Paashaas]

Bottom is in i guess.

[ChartBuddy]

Explanation

[modrobert]

So what we are seeing is the result of the Russian crypto ban fud + Kazachstan internet shutdown + WW3 scares + interest rate fud.

Thats a lot of FUD for one month. If China invades Taiwan and Ukraine gets invaded then I am seeing really nice buying prices for this year. 10k would be nice.

The FUD about Ukraine is misleading as well, NATO has already "invaded" Ukraine long ago, the question is what Russia will do about it as NATO move closer to their borders and continues to provoke?

100k is coming, one way or another. The question is not if, but when.

Agreed.