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

[JayJuanGee]

BTC Market Crash

[img height=300]https://i.ibb.co/XpHSc3S/IMG-20220505-214238.jpg[img]

It's not a Crash, It's an opportunity to buy more.


A Brand New Video Meme. Dedicated to @cAPSLOCK, @JayJuanGee, @LFC_Bitcoin, @El duderino_

Note: No Offense. Just For Fun.

https://www.youtube.com/shorts/-P24HqyjPjY

Kind of helps to establish part of my post responding to you in the stock to flow thread... in which you seemed to have been complaining about BTC prices not going up fast enough..and the fact of the matter is that anyone who remains in BTC accumulation phase should be rejoicing that some of our seemingly inevitable UPpity price moves are actually taking a while to play out.

Personally, I have taken more than 8 years to develop a system so that I always (as much if that can be guaranteed) have fiat to buy on dips.. and I just hope that I do not have to buy on dips because I prefer the price to go up... even my first years into bitcoin I did not ever run out of fiat, except for some somewhat unrelated business matters that I had between about February 2015 and about May 2015.. well in some sense, I just mustered what I could through the whole of 2015 to buy bitcoin when I could .. and that was the bottom of the dip for that cycle.. but who knew at the time, and so many people were either telling me to sell what i had or having a kind of pitiful feeling regarding how foolish that they thought that I was holding bitcoin bags and refusing to sell... so yeah, if you run out of fiat, you just gotta HODL.. or maybe figure out ways to earn some more fiat so that you can continue to buy or to have some ability prepare in case there are further BTC price dips (of course, not guaranteed to even happen, even though quite a bit of negative sentiment currently seeming to exist in all markets).

Maybe in sum, each of us should be striving to do our best based on our own circumstances, and maybe attempt to learn if there might be some good techniques that some of the other WO members have to attempt to manage their cashflows.. and maybe I should even retract my statement from above, because as the BTC price goes down I buy BTC, and even I have been buying all the way down from around $60k-ish.. so the price goes down so long, and there can be regrets about not saving as much to buy lower.. but at the same time, I feel comfortable with my system, so there are buy orders going all the way down to $20k.. and if the BTC price were to start to go below $30k, then I might start to reconsider if I might want to restructure some of my lower buy orders that have not filled yet.. and surely there is a phenomenon in which any of us can run into situations in which we may well feel that we are running out of money to buy as much as we would like to buy... and that seems to be part of the attempts that each of us make (even if we feel that we have prepared ourselves financially and psychologically) to balance trade offs.

[1713559014]

1713559014

[ChartBuddy]

Explanation

[Blue King]

Report: IMF Says Central African Republic's Bitcoin Adoption Poses Risks.



Source: https://news.bitcoin.com/report-imf-says-central-african-republics-bitcoin-adoption-poses-risks/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

[ChartBuddy]

Explanation

[savetherainforest]

Zen

It stopped working for me

Yeah, shit is getting that hectic... Meditation is beginning to fail me and not helping for productively contextualizing the realities of life.

The human condition is a huge sack of shit.

I sorta-kinda joke (not really?), but I'm truly wondering if skirting with pure nihilism at this point in my life.

Not healthy and recognized I needed help.

Look at the bright side. You still have your garden and you chickens.

You should build more green houses and equip them with home made mechanisms to work automatically.    


*edit(): "Bob The Farmer" it doesn't sound so bad, You can write a book about it.

[Gachapin]

Weekend dump or pump?  ...or sideways?

I'd go for dump...
It's the chance for the bears to invalidate the almost 1.5 year upwards channel.

They just need to force a close around 34k or lower.  Of course they could wait one more bounce. But that doesn't seem to come anyways.


I have the feeling that in face of a recession many big boys want to get heavily into BTC. We (and probably by now, they) know it's the strongest most independent asset you could own.

So I wouldn't be surprised, if they tried to push down the price as far as possible with their endlessly abundant fiat.  And every cycle there will certainly be some mindrusts feeding whales at the very lows.

We also know what usually comes afterwards:

If there is one thing BTC does amazingly well, it's surprising everyone with face ripping upward moves to incredible new and unexpected highs.

[Paashaas]

Prepair for a soul crushing weekend dump.

[ChartBuddy]

Explanation

[PoolMinor]

Weekend dump or pump?  ...or sideways?

I'd go for dump...
It's the chance for the bears to invalidate the almost 1.5 year upwards channel.

They just need to force a close around 34k or lower.  Of course they could wait one more bounce. But that doesn't seem to come anyways.


I have the feeling that in face of a recession many big boys want to get heavily into BTC. We (and probably by now, they) know it's the strongest most independent asset you could own.

So I wouldn't be surprised, if they tried to push down the price as far as possible with their endlessly abundant fiat.  And every cycle there will certainly be some mindrusts feeding whales at the very lows.

We also know what usually comes afterwards:

If there is one thing BTC does amazingly well, it's surprising everyone with face ripping upward moves to incredible new and unexpected highs.

Dump until 14-15 May

Since some miners can mine at a loss, the sideways could be several months after.

https://en.macromicro.me/charts/29435/bitcoin-production-total-cost

[savetherainforest]

Prepair for a soul crushing weekend dump.

Yeah, but it will be fast. Full Moon is in 10 days. And it is an Eclipse Full Moon !!   

[BobLawblaw]

Two weeks minimum, with minimal touching points to the stupid space rock population, in a comfy place, for example a cottage in the lower mountains.

Chicken/Egg problem: This ranch is where we want to get away to. The barn isn't even up yet a year into this project. Still unresolved drainage issues due to 100 year flood-plain area (and these guys are top-notch engineers?). Barn slated to go up in the next couple weeks - finally...

Had to fire the main subcontractor overseeing the project. Very frustrating times. Set us back a bit further.

Just gotta do what I can to shamble from one day to the next without blowing my brains out at this point.

[ChartBuddy]

Explanation

[Apocollapse]

2014: '#Bitcoin BTC falls below $400'
2018: '#Bitcoin BTC falls below $4,000'
2022: '#Bitcoin BTC falls below $40,000'

Source: https://twitter.com/DocumentingBTC/status/1522550224778108929?t=XSF78FmUHbPlffuTaoWfKw&s=19

2026:  '#Bitcoin BTC falls below $400,000'

[Despairo]

[ChartBuddy]

Explanation

[Torque]

So Wall Street and the big investment banks are irritated with the Fed. They want the market to regain momentum and start moving up again.

But with the Fed dragging out these incremental rate hikes every couple months, the market cannot do that; it cannot bottom, recover, and move on.

They want the Fed to pull off the band-aid with a big rate hike and be done with it for the year.

Now they aren't getting what they want.

[jojo69]

Zen

It stopped working for me

Yeah, shit is getting that hectic... Meditation is beginning to fail me and not helping for productively contextualizing the realities of life.

The human condition is a huge sack of shit.

I sorta-kinda joke (not really?), but I'm truly wondering if skirting with pure nihilism at this point in my life.

Not healthy and recognized I needed help.

[Torque]

Chicken/Egg problem: This ranch is where we want to get away to. The barn isn't even up yet a year into this project. Still unresolved drainage issues due to 100 year flood-plain area (and these guys are top-notch engineers?). Barn slated to go up in the next couple weeks - finally...

Had to fire the main subcontractor overseeing the project. Very frustrating times. Set us back a bit further.

Just gotta do what I can to shamble from one day to the next without blowing my brains out at this point.

I completely get it. We're in the same boat, trying to get a second building put up on the property, and my builder has been pushing me off for six months now. Says his other builds are dragging due to material availability issues. If he doesn't commit soon, I'm going to have to look for another builder.

It'll probably take 12 months just to get it built. Then after that, we've still got a shit ton of landscaping and hardscaping that I know will take forever to get done.

I swear, if anyone out there thinks that they can get new home construction done in 6-8 months, or even within 12 months like you could 15-20 years ago.

Well I got news for you: it'll take 2-3 years now. Years.

[Hamza2424]

Report: IMF Says Central African Republic's Bitcoin Adoption Poses Risks.



Source: https://news.bitcoin.com/report-imf-says-central-african-republics-bitcoin-adoption-poses-risks/?utm_source=OneSignalPush&utm_medium=notification&utm_campaign=PushNotifications

Naahhh No one can do anything about BTC its in now BTC community Control as always.
World is demanding Decentralized and non Manipulated Assets

Remember Billionaire never Hold their Worth in money They hold Aseets, Property, Stocks reason Money always Devalues.

Now things going to be changed Billionaire are Securing Slots in BTC they it will never Devalue. Example , Ellon.
No matter what Bill gates thinks about Future of BTC matters what Community thinks about BTC.

Important Thing.

Well its my personal observation and also taken from some already existing Ideas.  Every Poor Country Demands Help from the IMF or World Bank which then control their personal affairs.
By El Salvador 1Billion bond now The Poor Countries can raise funds through BTC with 2x Advantage Non-infectious to their Personal affairs, BTC always Move Forward Upside change in Value can profit them ( Long Term ) equity on the BTC bond benefits the Investors.

Safe Secure Decentralized more Profitable for Investors and Poor Countries. ( i think this market has potential to fund up the countries this way world will be better Global Village)

[jojo69]

https://www.sec.gov/news/press-release/2022-79-0