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

[sirazimuth]

In all seriousness, has btc ever looked .....<snipped... the usual llama laughable logic>

Whoa! Looks like Llama Llama has stepped it up a notch.  Some serious bullishness here folks.

[somac.]

The absolute level of backwards craziness the universe has risen to...

Don't know if any of you guys listen to Macrovoices, but Erik Townsend has been talking about this for a couple years now. The wallstreet push with ESG has meant gross underinvestment in fossil fuel exploration and producing. Being that the world still relies very heavily on these fuels this increase in price since the covid lows has been baked in. These things are commodities though so the solution to the high prices is higher prices.

[Millionero]

For a couple of days now:
500 - Internal server error - Bitcoin Charts

If this keeps happening I'm going to be looking for a way to look at charts that's super easy like bitcoincharts was.

[ChartBuddy]

Explanation

[Hueristic]

In all seriousness, has btc ever looked this gloomy...ever? We've got an absolutely massive double top drawn out over <checks notes> 1 year, pathetic volume over the last 6 months, every good reason to flee to the safety of fiat currencies like the secure dollar, and a huge bearish correction baked in from the double top formation compounded by very strong risk off winds blowing against things like a dying btc. If there's ever been a clearer short signal, I don't know of it. I could maybe see btc above $50k again in 2050 when the collector's market takes over, but then $50k will probably buy a jar of pickles.

Ready.

[suchmoon]

safety of fiat currencies like the secure dollar

Have you learned nothing in the past week? You can't use the dollar in your motherland anymore. Dump your dollars for rubles.

[ChartBuddy]

Explanation

[DaRude]

Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been purchasing beaten-down company bonds tied to Russia in recent days, as hedge funds that specialize in buying cheap credit look to load up on the assets, according to people with knowledge of the private transactions.

Fucking pieces of shit.

https://archive.ph/2022.03.04-081012/https://www.bloomberg.com/news/articles/2022-03-03/wall-street-is-already-pouncing-on-russia-s-cheap-corporate-debt

Yeah we totally promise to stop doing this soon, but in the meantime we just scored $28,50 a barrel on like million of barrels. Strippers and coke anyone?
Shell Buys Russia’s Flagship Urals Oil at a Record Discount

I guess war is war, and business is business

[d_eddie]

May i introduce to you...

The Father of All Barts!?!?

[ChartBuddy]

Explanation

[Richy_T]

I guess war is war, and business is business

War is business.

[ChartBuddy]

Explanation

[lightfoot]

Does Elon understand how the world works?

If the price of Gas/Oil/Canolis goes up due to increased demand or decreased supply then it will rise until someone says "Yeah, I'll sell gas at that price". At a certain price point shale oil comes online. At another tar sands. At another synthetic gasoline.

At the same time as prices go up or down I as a consumer change my habits. Instead of driving my 15mpg big Porsche around I start driving the 24mpg littler Porsche. And if the price keeps going up I park the Porsches and drive the hybrid.

There's no "extraordinary measures" needed. Just good old supply and demand. Like bitcoin mining....

[goldkingcoiner]

Isn't Musk supposed to be happy? Now more people will buy Teslas! Even though they randomly catch fire sometimes. But thats a necessary sacrifice for going green, what are you, a racist?

[ChartBuddy]

Explanation

[JayJuanGee]

For a couple of days now:
500 - Internal server error - Bitcoin Charts

If this keeps happening I'm going to be looking for a way to look at charts that's super easy like bitcoincharts was.

Yes...

I used that website, too (Bitcoincharts.com)...   It also had some issues with its security certificate for several months.. so sometimes in the past few months there were issues in signing on.

From my perspective, the site was especially good for looking at historical data... so to be able to customize the dates that you wanted to look at and then to look at the chart that would be generated from the website from those inputted dates.

Of course, there were quite a few other useful and user-friendly options, as you suggested.. including its pretty straight-forward abilities to select a pretty vast array of options or indicators to include in the chart and to look at different exchanges or currency pairs.. though mostly I was interested in the USD/BTC pair.. but I noticed other currency pair options.

[Richy_T]

Does Elon understand how the world works?

If the price of Gas/Oil/Canolis goes up due to increased demand or decreased supply then it will rise until someone says "Yeah, I'll sell gas at that price". At a certain price point shale oil comes online. At another tar sands. At another synthetic gasoline.

At the same time as prices go up or down I as a consumer change my habits. Instead of driving my 15mpg big Porsche around I start driving the 24mpg littler Porsche. And if the price keeps going up I park the Porsches and drive the hybrid.

There's no "extraordinary measures" needed. Just good old supply and demand. Like bitcoin mining....

You have to be able to develop those sources though and at the moment, the government is standing in the way of a hell of a lot. Meanwhile, Russia is making windfall profits and is using it to fund military adventurism.

Not saying Musk is right (though he is), but you don't have a free market when government starts meddling (especially when it's for political reasons).

[Toxic2040]

dyor

straight for the neck
4h


a large bird
D

stronghands

[ChartBuddy]

Explanation

[fillippone]

BORING.

Now, give me a snow-wrestling match between a peak-flaming Ukrainian and Russian bear, and that's another matter altogether.

How can I fund this with Bitcoin?

I did an exstensive internet research, as I assumed that exists, as per internet law #34.

But I failed.

This is the closest thing I found:

Now, give me a snow-wrestling match training session between a peak-flaming Ukrainian bear and Russian bear

Incidentally there is also a bear in the video.