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

[bitmover]

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.

Certainly an interesting point of view.
However, Mt Gox collapse affected the whole market, and there is no really good evidence that UST/Terra collapse did the same.

Mt Gox had something like 80% of daily volume of all cryptocurrency market by the time, and it destroyed the BTC price. It was nearly the end of BTC (i have seen antonopoulos saying that a few years ago).

Although UST affect a lot of people, those people had little connection to BTC, and the  price collapse we are experiencing now is much more related to FED, inflation, war and some other bad news outside of crytpocurrency ecosystem.

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[somac.]

Celsius has to liquidate 17k BTC at 20k or something so this might be when it does that.

https://twitter.com/DylanLeClair_/status/1536321175193899010?cxt=HHwWhMC-xYL-jdIqAAAA

Celsius? First time I've even heard of it! Will people ever learn not to give their Bitcoins to centralized money-grabbers?

People are fools, you know that.

[savetherainforest]

Somebody after Saylor's coins?
$21k and he's said to be liquidated...

But Somebody after Saylor's coins?
$19k and he's said to be liquidated

Genius noob anal-yst.

Probably they all don't know that he has the private keys and he can refuse to give sh!t back and lay low on some island or something till the price goes back up.      

[suchmoon]

and i thought i was lucky the other day to buy some at ~27k as i thought i almost missed the dip.

lol

*cries*

That's why you should spend only 25% of your second mortgage cashout on any single dip. JJG will corroborate.

[savetherainforest]

and i thought i was lucky the other day to buy some at ~27k as i thought i almost missed the dip.

lol

*cries*

That's why you should spend only 25% of your second mortgage cashout on any single dip. JJG will corroborate.

I'm still waiting for the dip.              

*edit(): When it goes under 22K, I will be starting to take it into consideration.   

[AnotherAlt]

So Total Crypto MarketCap is below 1 Trillion Now ($960.39B).

While Bitcoin MarketCap is $448B which is about 47% of the total MarketCap.

[BitcoinBunny]

1 BTC = 1 BTC


Liz Hurley at 57! 

[348Judah]

Even though the falling is coming to the reality as predicted by many to reach $20k but they all got it wrong with their sayings about bitcoin as same with other cryptocurrencies, $23k is really a pretty entry point for many investors to take advantage of and enter the market.

[cAPSLOCK]

So... I am actually excited about what is currently happening.

Part of it really sucks.  The world macro environment, war, WEF nonsense, fourth turning, biological war on the west, war in the old USSR, and financial war between China Russia and the west and so on...  

Butt the part that I have been WAITING FOR is the ultimate rug pull on the finance folks that try to do with BTC what they have done with the USD, paper gold etc.  It is the rehypothication that has been talked about for years.  It is exactly how Charlie Munger intended to "take care" of bitcoin from his famous quote a while back.  Tame it, I think he said.

But Bitcoin has novel properties that will cause the people that play this game HUGE LOSSES.  When people start demanding their keys and custodying themselves then the margin calls come in like a nuclear bomb.

People keep comparing this Celcius thing to the Luna one as if they are two separate things.

They are not.

And there are more to come, most likely...  it's going to be really volatile for a while, I think...

[Hueristic]

Not your keys, not your coins example #9274179242

Who was that that kept spamming to earn interest on that Celsius network?

https://www.reddit.com/r/CryptoCurrency/comments/r7py19/celsius_may_have_lost_900_btc_50_million_to_the/

[somac.]

So... I am actually excited about what is currently happening.

Part of it really sucks.  The world macro environment, war, WEF nonsense, fourth turning, biological war on the west, war in the old USSR, and financial war between China Russia and the west and so on...  

Butt the part that I have been WAITING FOR is the ultimate rug pull on the finance folks that try to do with BTC what they have done with the USD, paper gold etc.  It is the rehypothication that has been talked about for years.  It is exactly how Charlie Munger intended to "take care" of bitcoin from his famous quote a while back.  Tame it, I think he said.

But Bitcoin has novel properties that will cause the people that play this game HUGE LOSSES.  When people start demanding their keys and custodying themselves then the margin calls come in like a nuclear bomb.

People keep comparing this Celcius thing to the Luna one as if they are two separate things.

They are not.

And there are more to come, most likely...  it's going to be really volatile for a while, I think...

If we see everyone holding their own coins again it might just be worth it.

[savetherainforest]

Binance suspends Bitcoin withdrawals temporary.

I guess people will rush towards alts then.               

[vapourminer]

and i thought i was lucky the other day to buy some at ~27k as i thought i almost missed the dip.

lol

*cries*

That's why you should spend only 25% of your second mortgage cashout on any single dip. JJG will corroborate.

unfortunately 2nd mortgage on a cardboard box under a bridge doesnt fetch much nowadays.

[BitcoinBunny]

Interesting how all these exchanges scammers are still utter crap even when they are able to meet all these KYC laws etc.
Basically they never have the amount of BTC available and/or bandwidth to support all their customers.

[ChartBuddy]

Explanation

[somac.]

Celsius continuing to top up collateral.

Liq at 18.3k now

https://twitter.com/HsakaTrades/status/1536343758001692672?cxt=HHwWgICjycGgmNIqAAAA

[Richy_T]

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

Bought at the bottom of the last grind down.

Drive price down, keep price down until it's the new normal, buy coins being careful not to push price up much. Lather, rinse, repeat.

[somac.]

Interesting how all these exchanges scammers are still utter crap even when they are able to meet all these KYC laws etc.
Basically they never have the amount of BTC available and/or bandwidth to support all their customers.

Probably been creating BTC out of thin air on the exchange and then dumping them on clients. These "pauses" are just to give them time to cover up. Wouldn't be the first time anyway.

[Richy_T]

I suppose they could..

No, they will eventually fail always to a market move that would require more funds than the controlling entity has available.

[sirazimuth]

Did you hear about that bitcoiner who went into a coma back in 2015?
Apparently, he just woke up last night.
When he checked the price of bitcoin he was like....
 "WOO HOO!  23K .....I'M RICH!!!