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

[Biodom]

Meanwhile a small reminder for “crypto” babies.

Remember kids $LUNA is not the first shitcoin and it won’t be the last.

2017: Bitconnect
2022: LUNA

how big was Bitconeeeeeeect?
Luna was at least $30bil if I recall correctly, but maybe even 60-70 bil.
Right now it says that it has 3.45 bil "units", and at high it was $116/unit, but maybe less "units" back then because i don't recall it ever moving above #6-7 spot on CMC (it certainly never was $400bil).
It is a LARGE event, probably similar to Enron in relative size vs relevant market.
If no contagion, it would stay "Enronesque", hopefully.
The main thing now is to make sure it would not become crypto-"Lehman".

I wish I know how to help even in a small way....maybe by not selling btc and/or buying more?
selling something for usdt...that's cringeworthy, but maybe should be done to help stabilize the situation.

[1713935042]

1713935042

[1713935042]

1713935042

[1713935042]

1713935042

[1713935042]

1713935042

[Hueristic]

Birthday this weekend, who likes my cake

Happy B-day MAtt!

Decided to drop a bit of Opsec on the occasion?

[xhomerx10]

Birthday this weekend, who likes my cake


[img with=200]https://i.ibb.co/7YpQX1W/92-C83-C9-F-50-D4-4494-B0-FC-F6-D2-BF6378-A0.jpg[/img]

Happy Birthday sir!  Nice cake!  Don't know how you cut that thing!

 That's a work of art!  You don't eat it, you lacquer it and put it on the fireplace mantle.

[ChartBuddy]

Explanation

[cAPSLOCK]

Birthday this weekend, who likes my cake

Happy B-day MAtt!

Decided to drop a bit of Opsec on the occasion?

I am fairly sure he turned it around and his actual name is ttaM.

Pretty sneaky, this guy.

[Phil_S]

Happy Birthday sir!  Nice cake!  Don't know how you cut that thing!

[JayJuanGee]

I like your humbleness 
I guess we have a new Masterluc PlanB visionary.
Enjoy your fame as long as it lasts...  and have a cookie

Nothing was done for fame, I had a goal, I am on it.
Just shared my idea and got called stupid, just wanted to call them out.

Have a good day.

Your idea was stupid at the time that you presented it, and it still is stupid, and the mere fact that the bitcoin price has subsequently moved to come in line with what your idea had projected it to do does not cause your presentation to have been less stupid at the time that you made it or even within subsequent reflection of it..

Perhaps, you even come off as dumber (and surely more petty) now because at various points you had admitted that your earlier idea was stupid (and ill-thought out), but now you are claiming that you had been correct all along.  How much more childish could anyone become? 

Perhaps a small prize is warranted, here?  like a slurpy? or an ice cream cone? or better yet, a kick in the pants.  speaking of pants.. anyone feeling robbed, recently?

In the past week and a half or so, I made a couple of restructurings of my BTC buy orders - based on some of the recent BTC price actions and the context in which those BTC price actions were happening.

So largely I added some value to the overall package of buys, but I also spread out the increments.. so surely several buy orders were filled within the upper $20ks, so far...

When I mention that we all make mistakes, I surely made a few calculation mistakes.. and then some orders were filled that locked me into aspects of the mistakes.

Over the years, I have proclaimed that any of us might realize that we have made some mistakes, and at the time that we make the mistake, we have to consider if there might be a variety of ways to balance out the mistake.. and just go with the flow of the mistake... so sometimes we might end up buying too much or too little at the wrong points, or the opposite of selling too much or too little at the wrong points.. .

Sometimes we click on the sell button rather than the buy button so we do the exact opposite that we had intended to do, and it seems that so long as we are not playing with large proportions of our overall BTC portfolio, there are likely going to be a variety of ways that we are going to be able to extract ourselves from such mistakes or at least to lessen the impact of such mistake..... and the vast majority of times, I have found some kind of way to either add or subtract buy/sell orders and then just let the price to come to me to allow me to reach a kind of balance in my psychology and finances... and sure I could get locked in a zone too that the price has to move a certain amount in one direction or the other in order to get me back to where I was.. and actually, don't get me wrong because I am not making up for the mistake by betting on one direction versus the other (except that in the long run of 4-years or longer that the BTC price is likely to be higher than it is today.. hahahahaha)...   

So almost every time my mistake ends up resolving no matter which direction the BTC price moves.. but the mistake may have caused either a larger gap or a few extra orders having to get filled to put me back into balance... and I suppose that part of the success is to have both identified that a mistake was made and then creating and implementing a solution that will play out once the BTC price comes to either point (in either price direction)...and one of the most inevitable things in bitcoin seems to be its volatility.. sooner or later the price is going to come to one side or the other of the price points that are set.. and I try not to create too unrealistic of expectations regarding how much the BTC price has to move for the correcting of the mistake to take place.  By the way, the BIGGER the mistake, the more likely that a person could get locked out of doing anything for a decently long period of time...

One example that I had previously described is that in 2015.. I had gotten so excited about the BTC price shooting up from $250 to $500, that I removed all my sell orders on the way up (as I was supposed to do) and when the BTC price got up to $500, I used a pretty large amount of cash that I had to spot buy.. but then the BTC price corrected back down to $300, and then it largely got stuck in the lower $400s for more than 6 months... so I was feeling kind of fucked that whole time.. no more money to buy if the BTC price went lower.. and I largely had to wait for the BTC price to go back above $500 before I could sell...   That was a pretty BIG mistake that I have not really repeated (or at least I don't recall making as big of a mistake since then)... so I continuously try to learn from mistakes like that.. even though I will also state that I mostly locked myself out, but I still did dabble with small amounts during those 6 months that BTC prices were stuck below $500.. I just set myself on a kind of restricted budget that was largely NOT resolved until either the BTC price went above $500 or went below $300.. which we may well know that it ended up resolving to the upside.. and no problem for me.. but I could have lived with a resolution to the downside too.. but overall I have always structured that I am way better off for the BTC price to go up rather than down, even though I have a resolution even if the BTC price goes down, I have some actions that I can employ in order to take advantage of the price going down.. even if it is not the preferred direction.... 

[ChartBuddy]

Explanation

[OutOfMemory]

So i finally had the time and access to my computer and data to buy BTC via broker and at the same time sent some fiat to the exchange.
Good evening, gentlemen 

[eddie13]

Will they go after Coinbase next?

If they could bankrupt Coinbase and cause all holders in Coinbase to loose their coin in the BK liquidation, that could also be a major blow to crypto/Bitcoin..

They are in hyperinflation..
They are afraid..
Bitcoin is their biggest competitor..

What would be your next move if you were “them”?

[xhomerx10]

Birthday this weekend, who likes my cake

Happy B-day MAtt!

Decided to drop a bit of Opsec on the occasion?

I am fairly sure he turned it around and his actual name is ttaM.

Pretty sneaky, this guy.

 

[ImThour]

..

CRY IS FREE....


Quick Edit:

you even come off as dumber (and surely more petty) now because at various points you had admitted that your earlier idea was stupid (and ill-thought out), but now you are claiming that you had been correct all along.  

First, the idea I admit was stupid was my Elliot Wave for $1k BTC. I never said my 200 WMA Idea is stupid or ill-thought, get your facts cleared out old man.
Second, you will never admit you were/are wrong and It's not like IGAF at all. STFU now.

[Torque]

The Fed: "Hey we're gonna have 10 more rate hikes this year! What could possibly go wrong?"

The markets and the economy: "Goodbye."

[modrobert]

speaking of pants.. anyone feeling robbed, recently?

I feel robbed of a future, or at least it looks pretty dark now. Tired of the masses not realizing a good thing like Bitcoin when it's right in front of them, even during hyperinflation (facepalm), and then more idiots begging for NATO hot war with Russia.

[ImThour]

Guess what JJG, I got a term for you, it's called midwit. Happy Thursday!

Someone who is around average intelligence but is so opinionated and full of themselves that they think they're some kind of genius. Midwits have a shallow understanding of things and at first can seem a bit smart, until you dig deeper and realize they're just posers. They overlap with pseuds.

[Franctoshi]

Sad how people reacted when I said BTC will be the best buy at realized price i.e. $24.5k which also is 200 WMA.

What my exactly expected 2nd target for this dumb to take place is ($28k-$25k), and  ($30k) already played out before we get the final draw down. If the institutional and wyckoff schematic accumulation pattern should play in this cycle, I think most retail traders would think that $28k-$25k is indeed going to be the bottom, and eventually there comes the smart money guys to grab all those liquidity and we get a nice retest of the previous ATH.

so the wyckoff schematic accumulation pattern is going to be a 3 legs down from here in View,
1. One already happened the 30k) we just dumb down to
2. Second Would be ($28k-$25k) before we finally get an
3. Unbelievable Smart money concept crush down to ($20k-$19.45k).
These are very critical level to watch in my View.

My price target was perfectly reached and my Bitcoin orders got triggered immediately at the exact price of 25k during this dump and this is the importance of technical analysis, However ,I'm still waiting and looking forward to seeing my next Bitcoin price target to possibly reach , because I think the dump isn't yet over and we could reach 19.4k looking at the extended ( W) pattern I'm seeing bellow the $24.5k dumped, using the dialy time frame and which BTC needs to touch the neck of that extended (W) formation to complete the pattern.

[ChartBuddy]

Explanation

[OutOfMemory]

Guess what JJG, I got a term for you, it's called midwit. Happy Thursday!

Someone who is around average intelligence but is so opinionated and full of themselves that they think they're some kind of genius. Midwits have a shallow understanding of things and at first can seem a bit smart, until you dig deeper and realize they're just posers. They overlap with pseuds.

Is this some kind of find-the-mistake game?
If yes, thanks for the sMerit  
Way too easy!

In case you didn't notice, some of us are able pinpoint locations by simple photographs...
Not geniuses nor midwits, by the way...

EDIT: OK, fillippone and xhomerx10 are likely to be considered as geniuses in this field.

[shahzadafzal]

Number of addresses hodling #bitcoin 

In 2012: 1,080,324
In 2022: 41,937,213

That’s another sign you are still very early in bitcoin, want proof?

A quick Google says

2.8 billion credit cards in the world

So in 2022 <1.5% of credit cards holder holding bitcoin

Ok let see for banks account holders, it says almost 63% of the world's adult population have a bank account.

and Worlds adults population as of 2021 is (>18 years) ~ 4.1 billion

Or in 2022 merely <1% of adults population (having bank account) holding bitcoin.

So by any means you are still very very early.

[vapourminer]

Birthday this weekend, who likes my cake

is that whole white top half pure frosting? if so thats my kinda cake

anyway congrats!