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

[ImThour]

not too far from 200WMA now.

Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb.

[somac.]

not too far from 200WMA now.

Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb.

I know. Don't take it personally, nobody likes predictions like that.

Question is, when your target is reached will you buy?

[ImThour]

not too far from 200WMA now.

Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb.

I know. Don't take it personally, nobody likes predictions like that.

Question is, when your target is reached will you buy?

Bought 50% of my portfolio at realized price which was 24.5k and waiting for rest 50% at 21.8k.
After that, everything is a freaking bonus.

[somac.]

not too far from 200WMA now.

Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb.

I know. Don't take it personally, nobody likes predictions like that.

Question is, when your target is reached will you buy?

Bought 50% of my portfolio at realized price which was 24.5k and waiting for rest 50% at 21.8k.
After that, everything is a freaking bonus.

Good play. Right now it looks like you're going to get it too.

[JayJuanGee]

@JJG...sucks to be me, then, lol

I would speculate that to be true.

Hey, at that—newbies who are scared that we just dipped below $25k (now bouncing towards $26k), and that there is chit-chat about $22k, should remember that some people sold Bitcoin for under $220 in early 2015.  No, I did not omit any zeroes, or turn any letter-k to a zero.  I wonder if the people who sold BTC at $220 feel bad now.

selling at $220 was not frown at for most of 2015.
It depends what did you sell it for.

At that point most sales would of been because BTC is dead.

Bitcoin wasn’t dead.  It was merely expressing its divine displeasure at Hearn/XT.  (Not-early 2015.)

Fork Wars caused crashes in 2015 and 2018.  Thinking about POS, and Evil Hat(TM) economic attacks...

A lot of people had given up.

I guess it was nice of them to give their coins to you.

It is not easy to generalize regarding what people were doing back then, even though for sure a lot of interest was being lost and waning throughout the latest part of 2014.. so by the time we got to 2015, it seemed more difficult to get anyone excited about BTC.

I feel that I mostly ran out of money by early 2015 - and I even had folks telling me to sell a wee bit of my BTC to take care of some of my cashflow issues (and to protect my lil selfie from further downside).  I did not sell, except maybe sell and replace a few times, yet I felt that I was not really able to acquire too many BTC through the whole of 2015.. even though I did increased my stash during that time....

I remember around mid-2015 I had someone pay me for a good and service in bitcoin, and then the BTC price was around $224-ish.  About a week later, I asked that buyer if they had bought back the bitcoin yet... .. so I was trying to emphasize replacing anything that would have been spent.. but there were some folks who were way more blahzey about the whole bitcoin matter.

A little bit of a stressful time for many of us, and for me, too... and even for me, it took a while to get over some of the shell shock of such a long period of flat and even uncertainty.. and people blamed it on GOX.. and I  am not even sure if that should have been enough to really explain why flat for so long?

Oh.. and I did feel that I mostly exited out of my BTC accumulation phase during that time, but still I continued to accumulate even though I was supposed to be out of such phase.. but I did establish a BTC selling on the way up strategy around August/September 2015-ish.. .. but it would not really mean anything without actually putting it into practice.. learn more by practicing... which I started to do during that time..

not too far from 200WMA now.

Mfers here laughed at me when I said that BTC will touch 200 WMA back in Feb.

You are so amazing and under-appreciated, too.  


We might need to raise money for a statue... #justsaying.

[shahzadafzal]

How low can you go?

[somac.]

How low can you go?

I keep waiting for a bounce, but, nothing.

[BitcoinBunny]

How low can you go?

[death_wish]

A factual correction has been made to this post, on an interesting point:  The Terra collapse was two orders of magnitude larger than the Mt. Gox collapse, in dollar terms of total losses (according to fair-market valuations at the time of the collapse).

The Terra collapse also affected many more people.

Although the direct losses of UST and LUNA holders were outside the Bitcoin ecosystem, the market impact on BTC was surely much bigger than the direct effect of the LFG BTC dump.

Comparing the scale of it to Gox rather puts the matter in a new perspective—at least, for anyone who has spent years thinking of Gox as an example of a major collapse causing a market meltdown.

[Hamza2424]

#Watsapp trend BTC

Crypto News on Watsapp just chilling by the way

To make all crypto friends happy 😁😁. As they brought at 60k me still taking chance and making entry time to time thats Necessary to remind their mistake

Well Buying at once is a Hasty act and Hasty is Stanic action so thats the result over there i am settle on an Average price covering loss by making new entries

[somac.]

Just keeps grinding down. Where are these coins coming from.

[Wilhelm]

Just keeps grinding down. Where are these coins coming from.

Weak hands

[death_wish]

Seeing these prices and not having dollars, I feel like a eunuch in a room full of frustrated nymphomaniacs.

With due apologies for the crudity, it has been a long time since I so fervently wished I had a large amount of dollars.

[somac.]

Just keeps grinding down. Where are these coins coming from.

Weak hands

Well, there's a shitload more of those people remaining than I thought.

[ChartBuddy]

Explanation

[JayJuanGee]

A factual correction has been made to this post, on an interesting point:  The Terra collapse was two orders of magnitude larger than the Mt. Gox collapse, in dollar terms of total losses (according to fair-market valuations at the time of the collapse).

The Terra collapse also affected many more people.

Although the direct losses of UST and LUNA holders were outside the Bitcoin ecosystem, the market impact on BTC was surely much bigger than the direct effect of the LFG BTC dump.

Comparing the scale of it to Gox rather puts the matter in a new perspective—at least, for anyone who has spent years thinking of Gox as an example of a major collapse causing a market meltdown.

Terra/Luna/ Do Kwon is a shitcoin scam and hardly even trying to contribute anything of meaning except for taking the BTC of a variety of folks and perhaps not even trying to peg their shit - exit scam.

Seems like a bit of a distraction to get into narrowly tailored attempts to compare them.. although I suppose there might be litigation involving Terra/Luna/Do Kwon trying to get the BTC back, if they can be traced in terms of being in the hands of Do Kwon and buddies.

Might also drag us too deeply into shitcoin discussions... does anyone still believe that stable coins can be validly designed like that?   I suppose they could.. there are a lot of people who believe shitcoin ethereum has a valid design because it gains various network effect of developers and various other aspects building on ways to more easily scam people... they call it ERC20, no?  Anyhow, I feel like I am getting lured into shitcoin talkening... It doesn't feel good.

[death_wish]

Just keeps grinding down. Where are these coins coming from.

Unnatural market behaviour.  My gut hunch.  I was glued to the chart from May 5 until the Terra dump, watching something move the market down in neat $500 or $1000 increments whenever it wanted.  Much like this, but not as fast.

Hypothetically, if a highly sophisticated team of quants with >=100k BTC starting inventory borrowed as a block decided to push down the market, with continuous gentle re-buys lower of small pieces to offset higher sales of big chunks that punch through the order book and incite downward momentum, what do you think it would look like?

(Needless to say, this is speculation on the speculation forum—not a statement of known facts.)

[death_wish]

I am talking about the wider market impact on BTC.

Do you suggest that the Terra collapse had no large impact on the BTC market, other than the LFG dump of its BTC reserve?

(Next, someone who dislikes the stock market will suggest that BTC is totally decoupled from the stock market as it damn well should be.)

[somac.]

Just keeps grinding down. Where are these coins coming from.

Unnatural market behaviour.  My gut hunch.  I was glued to the chart from May 5 until the Terra dump, watching something move the market down in neat $500 or $1000 increments whenever it wanted.  Much like this, but not as fast.

Hypothetically, if a highly sophisticated team of quants with >=100k BTC starting inventory borrowed as a block decided to push down the market, with continuous gentle re-buys lower of small pieces to offset higher sales of big chunks that punch through the order book and incite downward momentum, what do you think it would look like?

(Needless to say, this is speculation on the speculation forum—not a statement of known facts.)

It certainly doesn't look like a normal BTC dump to me either. In times past we would of just had a huge red candle by now, then a bounce. But nothing like that yet.

[death_wish]

It certainly doesn't look like a normal BTC dump to me either. In times past we would of just had a huge red candle by now, then a bounce. But nothing like that yet.

Thanks for the feedback on my gut hunch.  I’ve been replaying early May in my mind for over a month, questioning myself.  Wondering if/when I would see it again.


Well, hopefully ~$24k was low enough for now.  If that was intentional.  (Or anyway, really!)

P.S., correction of earlier post:

I was glued to the chart from May 5 until the Terra dump, watching something move the market down in neat $500 or $1000 increments whenever it wanted.  Much like this, but not as fast [after the initial, much wilder, spectacular crash, which was very fast].