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

[ChartBuddy]

Explanation

[1715391086]

1715391086

[1715391086]

1715391086

[ChartBuddy]

Explanation

[bct_ail]

JUST IN - Florida House candidate: My donors "don’t want to use U.S. dollars. They want to use #bitcoin." 🇺🇸

Source link: https://twitter.com/BitcoinMagazine/status/1532044503506362368


The US just line-up now focused on bitcoin BTC

I would also like to use Bitcoin on my holiday in Florida. Preferably pay out directly from an ATM. But according to https://coinatmradar.com/, I first have to register with SMS, name and phone number first. As if I would want to. And I probably need an american phone number for that too.

[Torque]

Arthur tends to think the bottom is in ...

At the bottom, a typically impervious strong hand can be forced to sell because of uneconomical arrangements festering in their trading books. The LFG is such a seller. To puke 80,000 physical Bitcoin is quite a feat. After contemplating the nature in which these Bitcoins were sold, I am even more confident that the $25,000 — $27,000 zone for Bitcoin is this cycle’s bottom.

The market will stage impressive bear market rallies that traders nursing massive losses will sell into. Right now, many traders are sitting on positions that are down 50% to 90%. These traders are in a loss reduction mindset. They want to exit at a less bad price. They are not mentally primed to ship more capital in at these “bargain” prices. Therefore, any rally will be sold into, until the underbrush in the forest is clear and the diamond-handed apes can emerge safely from hibernation.

https://entrepreneurshandbook.co/shut-it-down-15d230b28089

This will be true of the stonk market as well, as any small bear market rallies will be sold into to recoup losses. But I've read that large institutional buyers are scooping up this market bottom like crazy. So choppy sideways will continue until all the weak-handed short term traders are exhausted and flushed out. Then it'll be onwards and upwards...

[Gachapin]

Arthur tends to think the bottom is in ...

At the bottom, a typically impervious strong hand can be forced to sell because of uneconomical arrangements festering in their trading books. The LFG is such a seller. To puke 80,000 physical Bitcoin is quite a feat. After contemplating the nature in which these Bitcoins were sold, I am even more confident that the $25,000 — $27,000 zone for Bitcoin is this cycle’s bottom.

The market will stage impressive bear market rallies that traders nursing massive losses will sell into. Right now, many traders are sitting on positions that are down 50% to 90%. These traders are in a loss reduction mindset. They want to exit at a less bad price. They are not mentally primed to ship more capital in at these “bargain” prices. Therefore, any rally will be sold into, until the underbrush in the forest is clear and the diamond-handed apes can emerge safely from hibernation.

https://entrepreneurshandbook.co/shut-it-down-15d230b28089

This will be true of the stonk market as well, as any small bear market rallies will be sold into to recoup losses. But I've read that large institutional buyers are scooping up this market bottom like crazy. So choppy sideways will continue until all the weak-handed traders are exhausted and flushed out. Then it'll be onwards and upwards...

I also think that big institutions will try to get a foot in the door before the real recession kicks in. Not much left to invest if you want to outpace inflation.

Would be great if there was reliable info about ongoing OTC trades and/or corresponding "order books"

[dragonvslinux]

Huge amount of long liquidations yesterday. Price now back to $30K. Market is now short again. Looks bullish.



No surprise that Bitfinex longs were unaffected, still 97% long.

[ChartBuddy]

Explanation

[HI-TEC99]

JUST IN - Florida House candidate: My donors "don’t want to use U.S. dollars. They want to use #bitcoin." 🇺🇸

Source link: https://twitter.com/BitcoinMagazine/status/1532044503506362368


The US just line-up now focused on bitcoin BTC

I would also like to use Bitcoin on my holiday in Florida. Preferably pay out directly from an ATM. But according to https://coinatmradar.com/, I first have to register with SMS, name and phone number first. As if I would want to. And I probably need an american phone number for that too.

Try looking through all the operators until you find one that doesn't want KYC.

These don't mention it.

https://coinatmradar.com/bitcoin_atm/11219/bitcoin-atm-trovemat-north-miami-exxon/

https://coinatmradar.com/bitcoin_atm/10667/bitcoin-atm-general-bytes-miami-chevron/

https://coinatmradar.com/bitcoin_atm/44566/bitcoin-atm-bitaccess-miami-diamonds-on-the-roc-smoke-shop/

https://coinatmradar.com/bitcoin_atm/39881/bitcoin-atm-chainbytes-miramar-food-fair-supermarket/

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[LFC_Bitcoin]

$30,000 definitely feels like the $6,000 point in 2018. We’re just here chilling, thinking this is the bottom & we can’t go any lower. I hope it is but if we test the lows I am going to buy with all I have.

Interesting times!

[empowering]

WHITE HOUSE TO CRAFT BITCOIN MINING POLICY ADDRESSING ENERGY USE: REPORT
The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.


https://bitcoinmagazine.com/business/white-house-to-reduce-bitcoin-energy-use-report




Oh gawd, what retarded bullshit is this going to be? crafted by the biggest joke administration of all of history, and by a bunch of wokeist ill  informed policy creators.... messing with something they have exactly zero understanding of.


Great.... this will be shitty af most likely.

[ChartBuddy]

Explanation

[DireWolfM14]

$30,000 definitely feels like the $6,000 point in 2018. We’re just here chilling, thinking this is the bottom & we can’t go any lower. I hope it is but if we test the lows I am going to buy with all I have.

Interesting times!

Zillow says my house is worth a fuck-ton more than I would ever pay for it.  Bitcoin feels underpriced (but I agree that it can go lower.)  Everything feels upside down, inside out.  

Thanks Joe Rogan!  

[cAPSLOCK]

WHITE HOUSE TO CRAFT BITCOIN MINING POLICY ADDRESSING ENERGY USE: REPORT
The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.


https://bitcoinmagazine.com/business/white-house-to-reduce-bitcoin-energy-use-report




Oh gawd, what retarded bullshit is this going to be? crafted y the biggest joke administration of all of history, and y a bunch of wokeist ill  informed policy creators.... messing with something they have exactly zero understanding of.


Great.... this will be shitty af most likely.

It will be no less than an attack.  Bitcoin screws with the plan.  They need to hobble it. 

It's cute they think they can.

[Gachapin]

We’re just here chilling, thinking this is the bottom & we can’t go any lower.

Nah, I think almost everyone here is aware that we indeed could go lower..


Question is if people want to wait for a possible 17k-25k price that might never happen. Or do they choose to buy for 27k-30k.... and how much does that even matter if when BTC goes into 100k-300k area.

I remember that there was also buying hesitation in the 3k area last time, because people were calling 2k, 1k BTC.. even sub 1k.

But yeah, let's see

[AlcoHoDL]

WHITE HOUSE TO CRAFT BITCOIN MINING POLICY ADDRESSING ENERGY USE: REPORT
The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.

https://bitcoinmagazine.com/business/white-house-to-reduce-bitcoin-energy-use-report

It's the same old narrative: "we must make Bitcoin use less energy"... Those who advocate this idea cannot see that it is a fallacy by definition. It's precisely that inflow of energy that gives Bitcoin its value. Cut down the energy usage, and you cut down Bitcoin's value. If there's something they should be targeting, it is not the amount of energy used, but the energy source (fossil fuels vs. renewable sources).

The amount of energy has to be kept high, and should actually increase, for the price to be able to reach 6 digits and beyond. It is precisely the immense amount of energy required for mining that gives Bitcoin its scarcity, and hence its value. It's a closed-loop system.

Those bureaucrats don't have a clue.

[ChartBuddy]

Explanation

[Richy_T]

It's the same old narrative: "we must make Bitcoin use less energy"... Those who advocate this idea cannot see that it is a fallacy by definition. It's precisely that inflow of energy that gives Bitcoin its value. Cut down the energy usage, and you cut down Bitcoin's value. If there's something they should be targeting, it is not the amount of energy used, but the energy source (fossil fuels vs. renewable sources).

If you really want to cut energy use, slash the federal government by 90% and allow the current banking system to atrophy as it should.

[serveria.com]

We’re just here chilling, thinking this is the bottom & we can’t go any lower.

Nah, I think almost everyone here is aware that we indeed could go lower..


Question is if people want to wait for a possible 17k-25k price that might never happen. Or do they choose to buy for 27k-30k.... and how much does that even matter if when BTC goes into 100k-300k area.

I remember that there was also buying hesitation in the 3k area last time, because people were calling 2k, 1k BTC.. even sub 1k.

But yeah, let's see

In fact going below $19k would mean we'd break another BTC pattern of never going under the previous ATH. After we had no blowoff top this cycle I won't be surprised however.