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

[somac.]

Blood in the streets people. Time to buy. Yeah the paper losses suck, but they are just that, paper losses. In a couple years they will be paper gains again.

We may drop further down, to the 200WMA for instance, but every time that has happened in the past it has been the perfect entry point. It's at these times that big wealth is made.

On another note I must say it has been a pretty amazing (or devastating) last 24 hours. Attack on Luna (because they deserved it for their stupidity) and, more interestingly, an attack on Tether. The Tether attack is definitely an attempt to crash everything IMO. The FUD against Tether has been ongoing for years and my guess is the attackers were hoping to capitalise on that. Seems to have failed, but may not be over yet.

C-A-P-I-T-U-L-A-T-I-O-N

That could of happened with that move down to 24k. If not I think it will be pretty soon.

Just thinking out aloud but I reckon when we start seeing decoupling from the stock market the capitulation has been and gone.

[somac.]

LUNA down to $0.02.

It's funny, but I do feel for those who have lost all their money on it. I know it's their fault for buying shitcoins, but the scammers running these things deserve way more blame.

[BitcoinBunny]

[somac.]

https://twitter.com/_Checkmatey_/status/1524663983046811648?cxt=HHwWgICz9ZD02KgqAAAA

[Torque]

Blood in the streets people. Time to buy. Yeah the paper losses suck, but they are just that, paper losses. In a couple years they will be paper gains again.

We may drop further down, to the 200WMA for instance, but every time that has happened in the past it has been the perfect entry point. It's at these times that big wealth is made.

On another note I must say it has been a pretty amazing (or devastating) last 24 hours. Attack on Luna (because they deserved it for their stupidity) and, more interestingly, an attack on Tether. The Tether attack is definitely an attempt to crash everything IMO. The FUD against Tether has been ongoing for years and my guess is the attackers were hoping to capitalise on that. Seems to have failed, but may not be over yet.

C-A-P-I-T-U-L-A-T-I-O-N

That could of happened with that move down to 24k. If not I think it will be pretty soon.

Just thinking out aloud but I reckon when we start seeing decoupling from the stock market the capitulation has been and gone.

Look at the massive 24 hr sell volume. Could it easily be replicated? HIGHLY unlikely.

The thing about capitulation is this:

1) When it is actually happening, and even in the weeks following while it is recovering, the doomsayers are still saying the market will go lower.

2) In hindsight months later, people wistfully acknowledge "Yep, that was it actually. We were wrong." By then the market has jumped another 10-20%, often times more.

This is THE chance to buy at or near the bottom.

This is what the whales want, them buying up the bottom like crazy whilst the n00bs sit on their hands scared shitless of the market.

If I had any significant dry powder available, I'd be a massive buyer here.

[philipma1957]

LUNA down to $0.02.

It's funny, but I do feel for those who have lost all their money on it. I know it's their fault for buying shitcoins, but the scammers running these things deserve way more blame.

solid  never needed more than 1 “stable” coin in the first place.

so luna/ust = dead ☠️

[BitcoinBunny]

That stupid barber chair shop chair in his living room YouTube guy with his 40K eth prediction. He bet the house on it and put it all on there. What an imbecile.

 

Eth would be nowhere without BTC. And as for the "flippening"? Fuck right off.

[ChartBuddy]

Explanation

[Richy_T]

UST’s Do Kwon Was Behind Earlier Failed Stablecoin, Ex-Terra Colleagues Say

Basis Cash, an algorithmic stablecoin project founded by the anonymous “Rick” and “Morty” in 2020, was actually the work of Terraform Labs employees.

Revealing the real name behind an online pseudonym (even a long-discarded one) is not a decision CoinDesk takes lightly. Our default position is to respect the privacy of pseudonymous actors with established reputations under their well-known handles unless there is an overwhelming public interest in revealing their real-world identities.

In this case, there is such public interest as Kwon’s UST stablecoin death spirals, wreaking havoc across the broader cryptocurrency market. Amid this precarious situation, investors deserve to know that UST was not Kwon’s sole attempt at making an algorithmic stablecoin work.

Reads like looking to pass the buck to me. "Oh, we'll tell you now that it's too late to do you any good and we've lined our pockets".

[JimboToronto]

Birthday this weekend, who likes my cake

Happy b-day.

Is that a roll of toilet paper?

[proudhon]

If NASA could get their shit together and employ a bit more math and science, they'd be able to see as well as I can.

[AlcoHoDL]

Birthday this weekend, who likes my cake

Man, that's some mighty cake you've got there! Are the BTC parts edible? And...how exactly are you going to cut that thing?

Happy birthday, all the very best to you and yours, and congrats on a well-played move to increase your stash.

Also thinking of sending some fiat to Kraken to buy some corn. Should do it soon have already done it, because the bottom may already be in, and by the time the fiat gets deposited, we could be back to mid-30s (which is still a bargain)...  

As for LUNA, serves the shitcoiners well. Will they ever learn? I'm sorry for the suicides and all, but these guys had already committed suicide when they pressed that BUY button. Let's hope it serves as an example for the noobs and the less experienced coiners out there.

[vapourminer]

If NASA could get their shit together and employ a bit more math and science, they'd be able to see as well as I can.

whats that multicolored blob? your llamamobile?

[LFC_Bitcoin]

Birthday this weekend, who likes my cake

Man, that's some mighty cake you've got there! Are the BTC parts edible? And...how exactly are you going to cut that thing?

Happy birthday, all the very best to you and yours, and congrats on a well-played move to increase your stash.

Also thinking of sending some fiat to Kraken to buy some corn. Should do it soon have already done it, because the bottom may already be in, and by the time the fiat gets deposited, we could be back to mid-30s (which is still a bargain)...  

As for LUNA, serves the shitcoiners well. Will they ever learn? I'm sorry for the suicides and all, but these guys had already committed suicide when they pressed that BUY button. Let's hope it serves as an example for the noobs and the less experienced coiners out there.

It’s all edible, yes. I will leave the cutting to the Mrs

Thanks

[goldkingcoiner]

Birthday this weekend, who likes my cake

Amazing cake! Very artistic!

Happy birthday, buddy! May your wallets be filled with coins and your life with happiness and health!

[Khanvila78]

Birthday this weekend, who likes my cake

Wow
Happy birthday, LFC_Bitcoin..
My love and blessings remain for you.

[shahzadafzal]

Birthday this weekend, who likes my cake

Happy birthday dude that’s best birthday cake I have ever seen.

Let me guess it’s designed by a girl?

[ChartBuddy]

Explanation

[Khoka khan]

Birthday this weekend, who likes my cake


https://i.ibb.co/7YpQX1W/92-C83-C9-F-50-D4-4494-B0-FC-F6-D2-BF6378-A0.jpg

Happy birthday, LFC_Bitcoin.
Amazing cake 🎂.

[Arafat khan]

Birthday this weekend, who likes my cake


https://i.ibb.co/7YpQX1W/92-C83-C9-F-50-D4-4494-B0-FC-F6-D2-BF6378-A0.jpg

Happy birthday 🎉, LFC_Bitcoin.