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

[OutOfMemory]

That my friend, is the way to keep it. Never let your normie friends know how rich you are

This is exactly the reason why I lost my friends.

Now my friends are my family.

and

 This tweet makes no sense; the Russo-Ukranian war began nearly 8 years ago and is still ongoing.  Also, exactly what problem would we be part of?
Considering that we hodlers are gleefully protecting our assets from that very thing - control of our money by a central authority while speculating on the demise of the current system for any and every reason - I guess we're all guilty as charged by C∅bra.  I'm not about to swap my bitcoin for dollars just in case some other banking cartels pile a few more sanctions on Russia and my wealth is preserved so colour me horrible I suppose.  I actively implore others to buy bitcoin today as well.  Be horrible! Buy Bitcoin!  Somberly if possible, gleefully if you must - just don't tweet about it; it's best kept a secret.

I disagree.
Cobra is very specific here and does not generally address hodlers.
If you don't get excited about Russia (i mean 99% people like me and you) getting excluded from a pseudo-standard financial transactions network, just because it could result in a price rise of Bitcoin, you're absolutely not included in this rant.
It's almost the same like having supported the war in irak because of expectations that the dollar would rise in the face of a booming arms industry, imho.
Please tell me you're not that type. If you aren't, you are not getting adressed by this tweet in any way.

EDIT: Re-reading that tweet after posting i see Cobra's last sentence being clear AF regarding the addressed audience.

EDIT2: Remember, most of the germans were shouting for WW2 because they expected more wealth from it. That's a very low motive in terms of humanity, isn't it?

   According to the tweet, the horrible human beings are the ones "gleefully" speculating that a Russia-Ukraine war (which as I pointed out has been going on for 8 years) will result in Russia being removed from SWIFT and subsequently adopting bitcoin as a settlement layer.  The one's who's first thought about war in Ukraine is, "Yay! Bitcoin goes up." are "part of the problem".   I'm asking, what "problem"?  There is no way in hell that a few bitcoiners "thinking" bad thoughts have any impact on a potential escalation of the current conflict between Russia and the Ukraine.   So it's not clear AF to me.

I see your point now.
"The problem" - imho - is that those people are making themselves part of the group wanting russia to start an (active) war.
Secondarily, Bitcoin would be once again the "asset of evil", according to politics and MSM if the dreams of the addressed people actually become reality.
Bitcoiners always fought against this powerful meme (no, i don't mean gifs on the internet). Which true Bitcoiner would want to empower the "enemy" by his own shortsightedness?

To the war: I don't comment and i don't take sides in this conflict. It is completely obsolete in my opinion, we have much bigger problems to solve.

nobody put much stock in what presidential order/directive means? it's supposedly coming next week.

 ..regulate..regulate..regulate.
imho, if they do, it would be more of a "command and control" economy that we would like to admit.

I fear we have to wait and see what they actually will bring to the table, but i'm a little suspicious too.
Background: In my home country, i am sitting out the progress of a vaccine mandate being put into effect. I spent way too much time and energy in arguing and playing mindgames about possible next steps and outcomes vs. possibilities. I got over to waiting until something really happens, which i can actually react to in a more efficient way. I guess it also keeps me thinking more factual than emotional about global propblems in general.

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[savetherainforest]

That my friend, is the way to keep it. Never let your normie friends know how rich you are

This is exactly the reason why I lost my friends.

Now my friends are my family.

and

Someone should tell that prick: HFSP !!    

[sirazimuth]

.....

I understand you are talking about the case, and not the coin... BUT!

One of these things is not like the others...

Great catch cAPS..... I mean mR eAGLE eYE!
I never even noticed that.
Here's the certificate that came with coin. So direct all complaints to Julie.




Uh-oh.. with that terminology, surely she is fixin to get a proper batslappening from Jay....perhaps?

[Arriemoller]

It's haiku Sunday
Where have all the haikus gone
Have not seen any

[OutOfMemory]

@PeterLBrandt
I find it fascinating that many (not all) on social media who wore laser eyes in Mar/Apr and predicted a rocket shot 🚀for $BTC in Nov now are predicting that the $30k level will be violated

When bulls wear laser eyes -- time to SELL
When bulls become bears -- time to BUY?

https://twitter.com/peterlbrandt/status/1487845821299105795?s=21

I have not been much of a fan of PeterBrandt - even though despite a bit of the generalized judgementalism, he has a decent point here.

If $33k already was the "capitulation", it was reached pretty early. Uncomfirmed, yet showing noticeable sell volume.
Feels bullish somehow.
Have a good #hodlsleep.

I don't know how you would presume early?

We have had nearly three months of down.. and for sure at some point it is going to need to stop, whether we see some kind of traditional reversal or something more whimpy.  That $33k that you mention represents a bit over a 52% correction.. that has been followed by an earlier 56% correction.. so that surely seems like enough down for me, and I see no reason that we need to have any kind of capitulation in order for the momentum to resume UPpity... sure anything can happen, but we do not have to have "down before up."

In other words, there does not have to be capitulation for the bottom to be "in" - even though some peeps do appreciate a more clear sign that the bottom is "in" but that is NOT always how price dynamics play out in bitcoinlandia.

Right, sure it's not always how price dynamics play out.
I presumed early, in terms of the ol' cycle blowoff/long lasting bear grind down like 2017-2019. The market dynamics turned nuts in 2021, china exiting, ecologic mining FUD. "This time it's different", you remember?  

I do sense that you are ongoingly feeling that BTC has been overly suppressed.. and "we should be at x price rather than some fraction of x"

I have to admit you're wrong.

It is what it is, no?   I mean who is to say that there ways a, b, c and d reasons for the BTC price being lower than expected, and if a, b, c and d did not exist, there would be other reasons.. We cannot really know, so we just go with the punches, no?

Absolutely. If i wouldn't see it that way, i'd be better off creating a twitter account and join discussions there.
A small part of my lil selfie aimed at some goals i wanted to achieve, each of them needing some amount of money to be put in. For sure, i'd like it if Bitcoin would be (or have beeen already) in the desired price range(s) to make me sell a part of my stash, but these are all goals that would save me more money in the long run, so it's just a switch of assets, for everybody else that can see it that way.

Bearwhales or whatever you want to call them, are going to attempt to take advantage of whatever they have going in their favor to continue to push the BTC price down for as long as they can and as low as they can get it to go, and for sure, they appreciate when weak hands cooperate because in that sense they do not have to use as many of their coins and/or resources because even though some of them might appear to have unlimited resources, such as infinitely printing money, there are likely even costs to some of their seemingly infinite resources.

I don't see the matter to be much different than previously in the sense that we continue to have attempts to push the BTC price down and attempt to cause HODLers to lose faith in HODLing... The main difference remains that the players are BIGGER and it takes more resources and financial instruments/tools to shake the weak hands from their coins.. and yeah, if there is an appearance that the 4-year fractal is broken or an appearance that stock to flow is broken then more weak hands can be shook from their coins...

Maybe an important question remains regarding the extent to which BTC prices can continue to be kept down for the next month, two or three months?  Sure the longer that bearwhales are able to keep the price down, the more that confidence is lost, but I really doubt that their resources are infinite and at some point they run out of coins and they cannot keep this bad boy down any more... And, I am not even proclaiming that I know the result of our current battle... because even though I presume that we are still in a bull market and there are slightly favorable odds towards UP rather than DOWN, it is not like I am betting the farm on odds that are maybe only slightly over 50%, at this time.  So most of us know that even the minority scenario may well end up playing out, which maybe we are already here in a kind of a minority scenario.. which truly adds to the loss of confidence of some BTC HODLers. but still does not mean that the bull market might not end up prevailing even if it could take a month, two months or three months to resolve the BTC price location battle that we are currently in.

Either way, it would be a good level to go up from here, maybe sideways first, until investors are convinced it's "safe" to put their money onto the table (again).

Sure... that's part of the frame, too.

Another assumption: The higher the price, the less steep the climbs. The higher the "tops", the higher the "lows". Unless no more market shaking events happen in the near future, BTC is ready to go (again) from here. SOMA, IMHO

Of course, we have a dynamic in bitcoin in which the keeping of momentum can really play in favor of whichever side has the momentum... so if the momentum turns to the upside, then the momentum could end up carrying the price to places that are further than what seems to be rational.... so yeah cannot really disagree that as bitcoin's market cap gets BIGGER and BIGGER, it takes a lot more capital to push up the BTC price, yet we also have various potentialities for the confluence of events in which a lot of folks (retail and institutions) continue to take coins off of exchanges, so there are fewer coins to work with in terms of determining the BTC price, and so there could be some confluence of events that cause there to NOT be enough coins available - even if we might already have strong (sand likely true) suspicions that there are a decent number of entities faking the number of coins that they have - but even some of the faking of coins could end up blowing up in their face too under certain circumstances - including some kind of outrageous exponential rise of the BTC price and then their clients want the coins or want the value of the coins, and the third party has hardly any coins to satisfy such demands that they were faking that they had in their possession.. It is not a straight forward gamble, even for some entities who create the appearance that they have infinite resources when they might not have as many resources as they are making it seem that they have.

I can only agree here. I wish i could express myself in english the same way you do, would help a lot. The points you mentioned are factuals that i consider too, but i fail to keep track of many details of my own reasoning in discussions. Look up "working memory" in wikipedia. In other spheres, i found a hope for cure, but it's not even approved and i have to undergo some more diagnostic tests like PET scans and some fancy analysis of retinal perfusion to indicate if the still experimental medication is appliciable for me. It would end more than 10 years of impairment. Then we will create much more fruitful discussions #nohomo

[OutOfMemory]

That my friend, is the way to keep it. Never let your normie friends know how rich you are

This is exactly the reason why I lost my friends.

Now my friends are my family.

and

Someone should tell that prick: HFSP !!    

Thanks for demonstrating even lower motives than i thought of in context to Cobras tweet.
At least some achievement, innit?

EDIT: By the way, is this the altcoin train? If you understand relativity, you'll understand what i mean  

Spoiler: Look up "vection".

[OutOfMemory]

It's haiku Sunday
Where have all the haikus gone
Have not seen any

Triple posting
because i can, but also
to show some respect

respect to haikus
to their day, our sunday
haikus forever!

[ChartBuddy]

Explanation

[OutOfMemory]

.....

I understand you are talking about the case, and not the coin... BUT!

One of these things is not like the others...

Great catch cAPS..... I mean mR eAGLE eYE!
I never even noticed that.
Here's the certificate that came with coin. So direct all complaints to Julie.




Uh-oh.. with that terminology, surely she is fixin to get a proper batslappening from Jay....perhaps?

Hmm, i was trying to desribe the problem yesterday, in one line of the three-pointed list of supposed blemishes.
I shoud have used a descriptive image like cAPSLOCK did. We both obviously found that design inconsistency shortly after another.

EDIT: For reference, my clumsy attempt to describe the red circled spot:

1. The upper dash (serif) on the left side of the BTC should be outdent, like the lower one.

EDIT2: ChartBuddy, pump it up, so i can backread several pages of WO tomorrow morning! Good nite 

[Arriemoller]

Regarding the Russo Ukranian conflict, there is no doubt that Russia is the aggressor and 100% to blame.

Excusing Russia's war and annexation of parts of Ukraine with historical reasons is just wrong.
With that kind of reasoning Sweden can claim the Baltic states (including Finland, yes it's really ours) and St Petersburg "for historical reasons".

[cAPSLOCK]

.....

I understand you are talking about the case, and not the coin... BUT!

One of these things is not like the others...

Great catch cAPS..... I mean mR eAGLE eYE!
I never even noticed that.
Here's the certificate that came with coin. So direct all complaints to Julie.




Uh-oh.. with that terminology, surely she is fixin to get a proper batslappening from Jay....perhaps?

Hmm, i was trying to desribe the problem yesterday, in one line of the three-pointed list of supposed blemishes.
I shoud have used a descriptive image like cAPSLOCK did. We both obviously found that design inconsistency shortly after another.

EDIT: For reference, my clumsy attempt to describe the red circled spot:

1. The upper dash (serif) on the left side of the BTC should be outdent, like the lower one.

EDIT2: ChartBuddy, pump it up, so i can backread several pages of WO tomorrow morning! Good nite 

Oh cool!  That was a perfect description.  I did not see it.

I actually kind of like this little discrepancy.  It gives it flavor.  And if I could only have one way, I like the outlier better (like Hueristic) !

[ChartBuddy]

Explanation

[savetherainforest]

That my friend, is the way to keep it. Never let your normie friends know how rich you are

This is exactly the reason why I lost my friends.

Now my friends are my family.

and

Someone should tell that prick: HFSP !!    

Thanks for demonstrating even lower motives than i thought of in context to Cobras tweet.
At least some achievement, innit?

EDIT: By the way, is this the altcoin train? If you understand relativity, you'll understand what i mean  

Spoiler: Look up "vection".

I'm still waiting on my boy BTCiTcoin to drop some G's, so that all the altcoin b!tches to shake their booties, so I can slap those bottoms!

[JimboToronto]

Good day Bitcoinland.
Three eight one four two dollars
(Bitcoinaverage).
___

Don't worry Arrie.
Bitcointalk haiku Sundays
Are doing just fine.

Despite what some say,
Bitcoin prices are also
Doing pretty well.

Thirty eight thousand
Would have made us ecstatic
Just one year ago.

[aesma]

In the past week we approached 39K$ two times, but didn't reach it. Hoping to see 40K$ this week.

[strawbs]

It's haiku Sunday
Where have all the haikus gone
Have not seen any

It's a well known fact
Haiku creativity
Reflects bitcoin price

[ChartBuddy]

Explanation

[Arriemoller]

I just noticed that google translate doesn't include latin, that's very odd.
Can someone here please tell me what "Dixi et salvavi animam meam" means?

[Hhampuz]

I just noticed that google translate doesn't include latin, that's very odd.
Can someone here please tell me what "Dixi et salvavi animam meam" means?

Use "Identify language" and it'll show Latin.

Regardless, "I said, and have saved my soul"

[ChartBuddy]

Explanation