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

[somac.]

Someone needs a salmonslap to stop selling, the weak hands are pathetic.
I hope from now on these weak hands will only be able to own dust.

Hopefully FED news isn't too bad and we bounce to 300k  

These might be liquidations to shore up shitcoin positions gone wrong.

[1715201433]

1715201433

[1715201433]

1715201433

[OutOfMemory]

Someone needs a salmonslap to stop selling, the weak hands are pathetic.
I hope from now on these weak hands will only be able to own dust.

Hopefully FED news isn't too bad and we bounce to 300k  

I can imagine some putting more into wheat markets, because russia and ukraine war has negative impact on wheat production, mainly destined for Africa.
Well, hodlers are hodlers, speculators are speculators. The former stay in, the latter come back.
Easy buy.

EDIT: I seem to have got some more Sats at about $100 above this dip's low (so far). Not unsatisfied. 

[ImThour]

Two Upcoming Scenarios -

1. If Weekly Candle closes below 200 MA, we are going towards 300 MA i.e. 16k.
2. If Weekly Candle closes above 200 MA, we are going towards 30k.

Let's see how this goes on from here. Fed hiking up bps to 75 will cause some huge movements either up or down.

[Franctoshi]

https://twitter.com/TheCryptoLark/status/1536964527962542080?t=HgHEulzGYiyJ5-YTP_0zXw&s=19

A scary amount of multi hundred million dollar #bitcoin and #ethereum positions on lenders like Aave and Maker are in danger of liquidation.

[BitcoinBunny]

One thing's for sure: The mother of all recessions is on its way!

 

[somac.]

One thing's for sure: The mother of all recessions is on its way!

 

Pretty sure we're already in it.

[somac.]

Hold onto your Mcdonald's hats 20k is about to go.

At least we have decoupled from the Nasdaq, lol.

[OutOfMemory]

When Lambo Barrow?

[death_wish]

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

I think these things happen because of addication. death_wish can shed some light on this I'm sure.

What kind of addiction?  I never do drugs; I am very strictly against the recreational abuse of psychotropics.  Except in such circumstances as having just lost a fortune, I don’t drink immoderately; I rarely drink at all.  I don’t have any history of problems with gambling—perhaps because I understand the mathematics of gambling; if someone offers me a game of chance, I will only bet on the EV+ side in the amount proved optimal by the Kelly Criterion.  Not sure what you mean.

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

The worst part:  I am sufficiently intelligent to have warned others in the past not to do what I did.

I get rekt by NOT following my own advice.  I knew better.

Perhaps I was underconfident in my own intelligence, and thus vulnerable to the allure of all the influences that urge people towards taking debt against BTC and using margin.  It’s not that anyone told me to do this.  There is a sort of a psychological background noise urging it:  The “don’t spend your BTC—borrow against it!” ads we’ve all seen, the promotion of margin trading by exchanges, the public chatter of some traders who act like they have brass balls with margin, etc.  If you don’t have confidence in your own judgment, then eventually, it sinks in.  It is a subtle type of peer pressure and social influence.

I usually have supreme confidence in my own judgment; and I am immune to peer pressure.  I frankly don’t know why the hell I did this.  In one of my earlier posts, I suggested temporary insanity.  More likely:  Greed.  I screwed myself for years by being insufficiently greedy—by not aggressively seeking to increase my wealth.  I made a few good moves, but not nearly what I could have.  Then, I got tired of not having enough.  I talked so much about Bitcoin; I wanted to have some more of those bitcoins!  Make money fast.  I didn’t want to wait anymore, to keep do it right.

I sought a shortcut to riches.  Thus, I cut short my riches.

[somac.]

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

I think these things happen because of addication. death_wish can shed some light on this I'm sure.

What kind of addiction?  I never do drugs; I am very strictly against the recreational abuse of psychotropics.  Except in such circumstances as having just lost a fortune, I don’t drink immoderately; I rarely drink at all.  I don’t have any history of problems with gambling—perhaps because I understand the mathematics of gambling; if someone offers me a game of chance, I will only bet on the EV+ side in the amount proved optimal by the Kelly Criterion.  Not sure what you mean.

$48.82 is now a lot of money to me.  Finding that loose change helped so much.

A very sad story for how smart you sound. The moral I draw from the story, regardless of whether it is true or not, as I cannot verify it, is that one should never be overconfident of one's intelligence. Doing so can have catastrophic consequences.

The worst part:  I am sufficiently intelligent to have warned others in the past not to do what I did.

I get rekt by NOT following my own advice.  I knew better.

Perhaps I was underconfident in my own intelligence, and thus vulnerable to the allure of all the influences that urge people towards taking debt against BTC and using margin.  It’s not that anyone told me to do this.  There is a sort of a psychological background noise urging it:  The “don’t spend your BTC—borrow against it!” ads we’ve all seen, the promotion of margin trading by exchanges, the public chatter of some traders who act like they have brass balls with margin, etc.  If you don’t have confidence in your own judgment, then eventually, it sinks in.  It is a subtle type of peer pressure and social influence.

I usually have supreme confidence in my own judgment; and I am immune to peer pressure.  I frankly don’t know why the hell I did this.  In one of my earlier posts, I suggested temporary insanity.  More likely:  Greed.  I screwed myself for years by being insufficiently greedy—by not aggressively seeking to increase my wealth.  I made a few good moves, but not nearly what I could have.  Then, I got tired of not having enough.  I talked so much about Bitcoin; I wanted to have some more of those bitcoins!  Make money fast.  I didn’t want to wait anymore, to keep do it right.

I sought a shortcut to riches.  Thus, I cut short my riches.

gambling addiction

[BitcoinBunny]

Ironically all the Europe stonk markets are up.

I think they are severely lagging behind with what is going to happen / what is already happening.

The Ukraine / Russia Russia distraction will soon disappear from the news.

[OutOfMemory]

Hold onto your Mcdonald's hats 20k is about to go.

At least we have decoupled from the Nasdaq, lol.

Nah, all those "i am waiting for $20k to buy bitcorn" nocoiners will finally save us. probably

EDIT: At least, i can extend my list of hobbies:

1. skateboarding
2. archery
3. photography
4. meditation
5. woodworking
6. catching knives

 

[ChartBuddy]

Explanation

[somac.]

Why Celsius and 3AC going under should cause you to worry

1/x

19/x - Also - If you are wondering why BTC and ETH are the first to be sold off, its because in a crisis, you sell what you can. Not what you want. There is no liquidity for shitcoins/ "alts"/ dreams

https://twitter.com/hodlKRYPTONITE/status/1536902115540742144

[P2PECS]

What kind of addiction?  I never do drugs; I am very strictly against the recreational abuse of psychotropics.  Except in such circumstances as having just lost a fortune, I don’t drink immoderately; I rarely drink at all.  I don’t have any history of problems with gambling—perhaps because I understand the mathematics of gambling; if someone offers me a game of chance, I will only bet on the EV+ side in the amount proved optimal by the Kelly Criterion.  Not sure what you mean.

What I believe is that sometimes, no matter how smart we are, we have an emotional part that we do not consciously control part of the time, and overconfidence in our intelligence can activate that emotional part.

There are cases of very intelligent people ruined, or who ended up committing suicide and things like that, and I think it is largely because of that, apart from not learning to be happy with everyday things, with contentment.

The worst part:  I am sufficiently intelligent to have warned others in the past not to do what I did.

I get rekt by NOT following my own advice.  I knew better.

Perhaps I was underconfident in my own intelligence, and thus vulnerable to the allure of all the influences that urge people towards taking debt against BTC and using margin.  It’s not that anyone told me to do this.  There is a sort of a psychological background noise urging it:  The “don’t spend your BTC—borrow against it!” ads we’ve all seen, the promotion of margin trading by exchanges, the public chatter of some traders who act like they have brass balls with margin, etc.  If you don’t have confidence in your own judgment, then eventually, it sinks in.  It is a subtle type of peer pressure and social influence.

The person most to blame for popularizing this is Michael Saylor, the exchanges took advantage of his message to make a lot of money.

[death_wish]

When Lambo Barrow?

That suggests a pun, for those who are now struggling to avoid liquidation by collateralizing their family heirlooms, wives, souls, etc. on margin.  Anyway, barrows are too expensive a means of transportation for those who have borrowed.

FYI, I always disliked “WEN LAMBO” type of talk; and I never would have wasted precious bitcoins on a show-off auto.  I guess that just makes this funnier—dollhouse-sized finances may afford a full-size rusty bicycle:

[serveria.com]

So I can see shit has really hit the fan and there's blood in the streets etc... whining noobs everywhere... feels like I'm back in 2018   or 2014?  

Anyway, brethren, you know what you need to do now, right? HODL!  

[OutOfMemory]

The person most to blame for popularizing this is Michael Saylor, the exchanges took advantage of his message to make a lot of money.

What do you mean by this, exactly?

[OutOfMemory]

When Lambo Barrow?

That suggests a pun, for those who are now struggling to avoid liquidation by collateralizing their family heirlooms, wives, souls, etc. on margin.  Anyway, barrows are too expensive a means of transportation for those who have borrowed.

FYI, I always disliked “WEN LAMBO” type of talk; and I never would have wasted precious bitcoins on a show-off auto.  I guess that just makes this funnier—dollhouse-sized finances may afford a full-size rusty bicycle:

At least your bike got rubber tires, a saddle and all that 

[serveria.com]

When Lambo Barrow?

That suggests a pun, for those who are now struggling to avoid liquidation by collateralizing their family heirlooms, wives, souls, etc. on margin.  Anyway, barrows are too expensive a means of transportation for those who have borrowed.

FYI, I always disliked “WEN LAMBO” type of talk; and I never would have wasted precious bitcoins on a show-off auto.  I guess that just makes this funnier—dollhouse-sized finances may afford a full-size rusty bicycle:

At least your bike got rubber tires, a saddle and all that 

Yeah, next coming an under 20k variant looking more like a Flintstone-style vehicle?