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

[ChartBuddy]

Explanation

[1714494781]

1714494781

[1714494781]

1714494781

[1714494781]

1714494781

[1714494781]

1714494781

[ChartBuddy]

Explanation

[HI-TEC99]

the start of a new era🤩🤩

Someone is trying to sell that as an NFT  

https://nftcalendar.io/event/first-bitcoin-transaction-nft/

[ChartBuddy]

Explanation

[Franctoshi]

We should be getting a correction from the the point we are now back to $34k - $37k towards the end of the week or more
We got order block around $37k and which the market needs to tap into that zone anytime soon before we could get further continuation to the down side. The kind of wicks we got during this draw down is another indication of rejection.

Our focus this week should be ....

On Volume
Dollar strength and activity on  ( USDC )
CME futures open tonight.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[aysg76]

Happy b'day to our WO mate @LFC_Bitcoin who's long time bitcoin holder and it has changed his life also is celebrating his fine day with choco bitcoin cake which seems quite holding like rather than eating it .So enjoy your day man.

Whales getting shocked why the hell he's not getting panicked and helping them to buy more at low

Just accumulating more at these discounted prices that we are not gonna see anytime soon



The real bitcoiners fucking the bears and holding strong with diamond hands and investing more at dips.

[aesma]

All this drama and garbage surrounding LUNA and TerraUST, meanwhile exactly zero people can explain to me the purpose, utility or usefulness of either one. Especially when other solutions already exist.

Waiting for Do Kwon himself to come in here and debate me on his garbage coins.

Because he would lose that debate soundly.

The emperor has no clothes, and his size is not size.

Personally I had never even heard of them until the crash. And I have looked at stablecoins recently to use in trading instead of fiat to simplify tax declarations. I chose USDC, seemed better than USDT. Both are backed by fiat on bank accounts (supposedly...).

An "algorithmic" stablecoin makes no sense, and one that is part of an "environment" with another coin that gives interest makes even less sense.

USDT = Tether

UST - Terracoin

Not sure if you were overlapping this matter?

No I'm clear on that. Except when the crash happened, at first I thought it was about USDT indeed, since I didn't know UST existed.

I chose USDC because I believed some of the FUD about USDT, I guess.

[ChartBuddy]

Explanation

[cygan]

 

[Gachapin]

fkn comedy gold

[cAPSLOCK]

The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and...  BITCOIN.

Holy fucking shit cAPSLOCK.  Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.

Your thinking seems to be muddled.

Did you forget where you were, brandon? 

hahahahahahaha

......... run to the safety of hard assets like precious metals, real estate and BITCOIN. 

oh my... You did it again...

As usual you are not reading my context.

My point is RETAIL (not the WO thread) is NOT interested in BTC right now.  They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.

Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs.  Billionaires, home offices and the like.

I would say the average WO denizen is somewhere between 20-80% in Bitcoin.  But the average monkey jppg buyer has less than 5%.

The list I am making saves the best for last and puts it in all caps.  But land and precious metals are also going to be safe havens in the coming storm.  The riskiest of the three is land, with bitcoin coming in second.  Metals are not risky, they are boring and reliable... and may just hold their relative value at best.

I personally have a small cache of silver and gold, and own my own home.  I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.

The rest of your post is good enough including the reference to various scenarios.  I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.

I think right now we are biased to choppy/down scenarios.  But I do not think we go very far down... we are right around the 200DMA currently.   And with a good non trivial chance at going up from here.  The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable.  Bigly so. But maybe not during the next month.

I will also point out that while you call me dumb over and over, I was here at this forum years before you, and I expect also "in bitcoin" then too...  Dumb luck I guess. (It really was... but so was yours )

[savetherainforest]

The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and...  BITCOIN.

Holy fucking shit cAPSLOCK.  Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.

Your thinking seems to be muddled.

Did you forget where you were, brandon?  

hahahahahahaha

......... run to the safety of hard assets like precious metals, real estate and BITCOIN.  

oh my... You did it again...

As usual you are not reading my context.

My point is RETAIL (not the WO thread) is NOT interested in BTC right now.  They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.

Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs.  Billionaires, home offices and the like.

I would say the average WO denizen is somewhere between 20-80% in Bitcoin.  But the average monkey jppg buyer has less than 5%.

The list I am making saves the best for last and puts it in all caps.   But land and precious metals are also going to be safe havens in the coming storm.  The riskiest of the three is land, with bitcoin coming in second.  Metals are not risky, they are boring and reliable... and may just hold their relative value at best.


I personally have a small cache of silver and gold, and own my own home.  I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.

The rest of your post is good enough including the reference to various scenarios.  I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.

I think right now we are biased to choppy/down scenarios.  But with a good non trivial chance at defying them.  The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable.  Bigly so. But maybe not during the next month or two.

I will also point out that while you call me dumb over and over, I was here at this forum years before you, and I expect also "in bitcoin" then too...  Dumb luck I guess. (It really was... but so was yours )

It is wasteful to try to explain to him. Especially him. Don't explain to Juanita J. G. sHe has Truth against Facts!    

To be honest, you should also be aware of the trolling and that sHe is a journalist.    

sHe will try to be vampiric as possible and the goal is to make you give up and stop posting. sHe is an intruder that wants to break those around that have a view different from the narative sHe is being paid for to maintain and copulate into the minds of the unaware. Stop bothering, is not worth it. Just stop.    

[cAPSLOCK]

All this drama and garbage surrounding LUNA and TerraUST, meanwhile exactly zero people can explain to me the purpose, utility or usefulness of either one. Especially when other solutions already exist.

Waiting for Do Kwon himself to come in here and debate me on his garbage coins.

Because he would lose that debate soundly.

The emperor has no clothes, and his size is not size.

Exactly that.

All those who are arrogant are an abomination to the Lord; be assured, they will not go unpunished.

Before his downfall a man's heart is proud, but humility comes before honor.

A man's pride shall bring him low, but honor shall uphold the humble in spirit.

Frankly if I were Do Kwon I would be VERY afraid for my life.  A LOT of people lost a LOT of money.  Some may have considered taking their own lives. But I guarantee you there are also some he effectively screwed out of "size" who, when they are thinking deadly thoughts, are not thinking of themselves.

[ChartBuddy]

Explanation

[Torque]

Saying: "The best time to buy is when there is blood in the streets."

Torque's translation: The best time to buy is when market participants have majorly deleveraged. Because at the low deleverage point, the market price is showing it is closer to fair value. Don't wait to buy when the market participants decide to leverage up 100X or 500X again during another bull run. The price will be much higher, but you won't know what the fair market value is.

[savetherainforest]

All this drama and garbage surrounding LUNA and TerraUST, meanwhile exactly zero people can explain to me the purpose, utility or usefulness of either one. Especially when other solutions already exist.

Waiting for Do Kwon himself to come in here and debate me on his garbage coins.

Because he would lose that debate soundly.

The emperor has no clothes, and his size is not size.

Exactly that.

All those who are arrogant are an abomination to the Lord; be assured, they will not go unpunished.

Before his downfall a man's heart is proud, but humility comes before honor.

A man's pride shall bring him low, but honor shall uphold the humble in spirit.

The purpose of "stable"-coins is: To create a solution for subverting the interdiction of governments/banks to exchanges that they are not allowed to use fiat for non-KYC users.

But now KYC is mandatory on most exchanges.

So the use of things like USDT would not be justifiable. And the use of traditional fiat USD transaction would be more ideal. And it is also the problem that if you have 1000x places to buy BTCiTcoin or other crypto, then volume pressure might not be concentrated just into a single spot / point of interest. If a concentration of such magnitude would be present in just one spot of the world and only on one exchange then pressure of buying or selling would increased and not spread on all over every fake USD coin that is backed by nothing. At least for the fiat they had to prove their amounts in a bank account. Now they don't. It is a fake crypto copy. This is money diluted and washed trough those fake-coin-tolls thingies. It is not price discovery, it is manipulation.    

Only place that we can still use the "stable"-coins are the offline/online for merchants and ATM machines or decentralized exchanges.    

[philipma1957]

The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and...  BITCOIN.

Holy fucking shit cAPSLOCK.  Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.

Your thinking seems to be muddled.

Did you forget where you were, brandon?  

hahahahahahaha

......... run to the safety of hard assets like precious metals, real estate and BITCOIN.  

oh my... You did it again...

As usual you are not reading my context.

My point is RETAIL (not the WO thread) is NOT interested in BTC right now.  They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.

Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs.  Billionaires, home offices and the like.

I would say the average WO denizen is somewhere between 20-80% in Bitcoin.  But the average monkey jppg buyer has less than 5%.

The list I am making saves the best for last and puts it in all caps.   But land and precious metals are also going to be safe havens in the coming storm.  The riskiest of the three is land, with bitcoin coming in second.  Metals are not risky, they are boring and reliable... and may just hold their relative value at best.

I personally have a small cache of silver and gold, and own my own home.  I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.

The rest of your post is good enough including the reference to various scenarios.  I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.

I think right now we are biased to choppy/down scenarios.  But I do not think we go very far down... we are right around the 200DMA currently.   And with a good non trivial chance at going up from here.  The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable.  Bigly so. But maybe not during the next month.

I will also point out that while you call me dumb over and over, I was here at this forum years before you, and I expect also "in bitcoin" then too...  Dumb luck I guess. (It really was... but so was yours )

gold is a terrible 50 year hodl move.

more likely a terrible 20 year hodl move.

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/


silver = okay

land = okay

as for btc I still have mine.

here is some advice

dca some cash
dca some silver
dca some btc

and I won't mention

ltc/doge

as many do not like to read that here.

oh and remember dump all eth

[cAPSLOCK]

The easy solution is to just divest the alts and put it in safe investments like gold, silver, land and...  BITCOIN.

Holy fucking shit cAPSLOCK.  Do you require a bat slappening to get you to snap out of your seeming delusion to depriortize bitcoin in your above list of supposed good investments.

Your thinking seems to be muddled.

Did you forget where you were, brandon? 

hahahahahahaha

......... run to the safety of hard assets like precious metals, real estate and BITCOIN. 

oh my... You did it again...

As usual you are not reading my context.

My point is RETAIL (not the WO thread) is NOT interested in BTC right now.  They have not been since they bought between 13k-20 in 2017, held and lost at least half their money when they got out, or shifted into garbage coins.

Institutional buyers have been filing in over the last 5 years, and some of the smarter one offs.  Billionaires, home offices and the like.

I would say the average WO denizen is somewhere between 20-80% in Bitcoin.  But the average monkey jppg buyer has less than 5%.

The list I am making saves the best for last and puts it in all caps.  But land and precious metals are also going to be safe havens in the coming storm.  The riskiest of the three is land, with bitcoin coming in second.  Metals are not risky, they are boring and reliable... and may just hold their relative value at best.

I personally have a small cache of silver and gold, and own my own home.  I am not going to reverse mortgage my home to buy Bitcoin, and I do not need to.

The rest of your post is good enough including the reference to various scenarios.  I should clarify my moderately bearish up/down/sideways numbers are meant to be interpreted as VERY short term.

I think right now we are biased to choppy/down scenarios.  But I do not think we go very far down... we are right around the 200DMA currently.   And with a good non trivial chance at going up from here.  The reason for this is the macro environment is horrifying. Ultimately this makes Bitcoin more valuable.  Bigly so. But maybe not during the next month.

I will also point out that while you call me dumb over and over, I was here at this forum years before you, and I expect also "in bitcoin" then too...  Dumb luck I guess. (It really was... but so was yours )

gold is a terrible 50 year hodl move.

more likely a terrible 20 year hodl move.

https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/


silver = okay

land = okay

as for btc I still have mine.

here is some advice

dca some cash
dca some silver
dca some btc

and I won't mention

ltc/doge

as many do not like to read that here.

oh and remember dump all eth

The reason I say land is the riskiest is draconian governments can simply seize it.  And the dirtiest secret is they do not even have to.  They can also tax all your value out of it.

As to gold... Yeah. if we start mining asteroids... But until then it is one of the hardest monies we have ever known, and has a track record like no other.  I see it as a hedge against mad max scenarios.  Well not really.  Particularly silver would be better for those. But in the case the world economic system goes down the toilet gold will MOST DEFINITELY reflect that value.

We even have precedent for this.  Look at the price of gold in German Marks between 1919-1923. 

Even if world reserve currencies do not collapse as bad as that one did gold's stable price will protect a person's value.  Of course if an ounce of gold will be a very fine suit today, and we have a USD/Fiat collapse, then when gold is worth 50kUSD it may still only buy a fine suit.  But that is way better than the $2000.

Gold has really small upside compared to Bitcoin.  But it also has very little risk.  That is why I mention it along with real estate and Bitcoin.  But also when I say gold, I generally mean "and silver".  You can live on your land.  You can hedge against all kinds of bad scenarios with precious metals.  You can both SAVE and take advantage of the price rise of a bootstrapping asset with Bitcoin.

I am personally very satisfied with my extraordinarily lopsided distribution in these three assets.  I have enough land to live on.  I have enough Silver in case of nuclear war, and I have plenty of that other thing, whatever it was.