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

[Torque]

OK.  In the wake of Crypto Twatters recent hysterical seizures...

-Bitcoin DOES NOT CARE about:
--Nic Carter
--Michael Saylor
--ANY OTHER "influencer" or personality.
-Bitcoin does not care if you own alt coins.
-Bitcoin does not care what country you are in.
-Bitcoin does not care what language you speak.
-So it does not care if you call it a "store of value", or "digital gold" or a "ponzi scheme". It doesn't even know what those are.
-Bitcoin does not care if you call it a medium of exchange or not.  Or if you use it as one.
-It does not care if you like lightning, or hate it.

I could go on for pages... but you can too.

I will say I have ALWAYS found the childish gatekeeping purity test shit to be EXTREMELY ANNOYING.  Yes... we have a rule here.  This thread is about Bitcoin.  Most of us here are fairly to one side of the "maxi" continuum.

I do not really care that much about Nic Carter.  He is obviously a brilliant mind, and someone who has made a shit ton of money investing in things... calls himself a "VC" now.  Almost certainly has some Patagonia gear.

Bitcoin does not care.  And *I* care even less.

If I start hearing the hoards of Bitcoiners wailing about "slaying your heros" etc... well I suppose I should stay away from twitter for a while.  It will annoy me especially while other people who essentially do the same thing as Nic wag their fingers at him.  Samson, for example.  Someone who launched an ERC20 token.  But likes to masquerade as  a Maxi.  

I don't care about that either (and I am certain Bitcoin doesn't! )

I think part of this is I have just been on this earth long enough to see how childish all this is... The Bitcoin "community" really needs to grow up.

And it will...  In time.  And at the same time there will always be fools (like me) wailing about whatever hurt their feelings.

And Bitcoin does not care.  

Oh look!  Block 742858 is going to show up any second!  Or should I say, any 10 minute?

An asset that's worth its salt can have "influencers", hodlers, diamond hands, paper hands, supporters, detractors, haters, etc. at any point throughout a thousand years (or in the case of PMs, many thousands). They will come and go, live and die.

Do you think that asset cares what the fk any of them think or do? Holding an asset is neither a flex, a fashion show, nor a popularity contest.

Bitcoin will outlive us all.

^{(And now I feel like an idiot personifying an inanimate digital network)}

[Richy_T]

There's only one true Wall Observer thread  

That's the original. There were some concerns once the page count got high that the software might not cope too well (might have been from me based on lies told by a different forum's owners using the same software) so Adam closed it and opened this one. This one has been trundling along just fine with about 30x the pages.

[dragonvslinux]

Almost every little 'bobblehead' on youtube/twitter/tradingview keeps blabbering about 10K-14K bottom.
To me it says that it won't be THAT.
My preference (and it looks like the WO on average) is that the bottom was "already", but the whole cycle is messed up so much that it is difficult to be certain.

So true. I'd be neutral right now about a return to $25K-$30K vs a drop to $10K-$15K, but there is too much confidence that price is going to already drop significantly lower. Baring in mind since 2021 approximately 50% of holders were new to Bitcoin in the past year, so a lot of the twitter sentiment comes from newbies to put it simply. That fact that by comparison WO readers think the bottom is in is no surprise to me.

Also, I don't think the 200-Week MA is "dead". Not yet anyway. Just visit the link, or see the attached screenshot. It has been crossed, but only barely, which has happened a few times in the past. If the price picks up from here, it will just be another deep blue dot touching the 200-WMA on the chart. It all depends on where the price goes next. And even if a deep and long dip eventually "kills" it, it doesn't mean much, really. MA indicators do not contain some high-level intelligence that can tell us something very useful when breached. They are just averages of price data.

JMHO.

I forgot this graph only shows the dots each month, as opposed to each week. If anything it'd make more sense to look at the 50 Month MA (~217 Weeks) if we're looking at monthly changes. Also because Bitcoin has never closed below this Monthly MA, as opposed to 200WMA which price has closed below numerous times (repeatedly in 2015 for example). Personally I'm keeping my eye on the 50 Month MA @ $21.3K as price has already flirted with this level a few times in the past week. I also don't think a close below it would be catastrophic, as long as it's within around 5% of it, ie >$20K. Only one more day to go though...

[ChartBuddy]

Explanation

[death_wish]

There's only one true Wall Observer thread  

That's the original. There were some concerns once the page count got high that the software might not cope too well (might have been from me based on lies told by a different forum's owners using the same software) so Adam closed it and opened this one. This one has been trundling along just fine with about 30x the pages.

I wouldn’t call it “just fine”.  A few years ago, posting in WO became quite slow and unreliable.  It was a forum-wide problem, but much worse in WO:  Mildly noticeable elsewhere if you paid close attention, whereas WO became almost unusable sometimes.  I heard that theymos then changed something with the database setup; I don’t know what, but the problem seemed to go away.

Recently, I have sometimes had slowness, timeouts, and even Cloudflare errors of inability to connect to the backend when trying to post in WO.  The problem is sporadic, and I can’t seem to reproduce it in any way useful for troubleshooting; but it is ugly when it rears up.  Sometimes, wrestling with it has resulted in double-posts where I had to delete the duplicate post after everything finally showed up.

I notice that ChartBuddy missed some recent updates.  Is the problem on Buddy’s end?  Or did Buddy experience a timeout as I sometimes have, with the inferior robot^* being too dumb to retry? ¯\_(ツ)_/¯

^* This statement is intentionally ambiguous.  I neither admit nor deny the allegation that I am a robot.  I do habitually refuse to click the “I’m not a robot” box like a trained animal.  Robots are too smart to fall into that inverse Kafkatrap of being forced to deny their roboticness.  WTF do does Google think I am, a piece of meat?

[Torque]

I wouldn’t call it “just fine”.  A few years ago, posting in WO became quite slow and unreliable.  It was a forum-wide problem, but much worse in WO:  Mildly noticeable elsewhere if you paid close attention, whereas WO became almost unusable sometimes.  I heard that theymos then changed something with the database setup; I don’t know what, but the problem seemed to go away.

How the fk would you know? Your account literally originated May of this year.

Unless this is just another sock puppet to one of your other accounts.

[death_wish]

I wouldn’t call it “just fine”.  A few years ago, posting in WO became quite slow and unreliable.  It was a forum-wide problem, but much worse in WO:  Mildly noticeable elsewhere if you paid close attention, whereas WO became almost unusable sometimes.  I heard that theymos then changed something with the database setup; I don’t know what, but the problem seemed to go away.

How the fk would you know? Your account literally originated May of this year.

Unless this is just another sock puppet to one of your other accounts.

Are you really that dumb, or are you just trolling me again?

Anyway, “how would I know” is none of your business.

[Torque]

I wouldn’t call it “just fine”.  A few years ago, posting in WO became quite slow and unreliable.  It was a forum-wide problem, but much worse in WO:  Mildly noticeable elsewhere if you paid close attention, whereas WO became almost unusable sometimes.  I heard that theymos then changed something with the database setup; I don’t know what, but the problem seemed to go away.

How the fk would you know? Your account literally originated May of this year.

Unless this is just another sock puppet to one of your other accounts.

Are you really that dumb, or are you just trolling me again?

Anyway, “how would I know” is none of your business.

I knew you would slip up eventually.

Fake troll is fake.

[death_wish]

I wouldn’t call it “just fine”.  A few years ago, posting in WO became quite slow and unreliable.  It was a forum-wide problem, but much worse in WO:  Mildly noticeable elsewhere if you paid close attention, whereas WO became almost unusable sometimes.  I heard that theymos then changed something with the database setup; I don’t know what, but the problem seemed to go away.

How the fk would you know? Your account literally originated May of this year.

Unless this is just another sock puppet to one of your other accounts.

Are you really that dumb, or are you just trolling me again?

Anyway, “how would I know” is none of your business.

I knew you would slip up eventually.

Fake troll is fake.

“Slip up”?  With what, you retarded wannabe Sherlock Holmes?  Ever since May, I have been quite openly making numerous statements that show a long, deep, and detailed knowledge of this forum.  You only just noticed that now?

I also explicitly mentioned somewhere that I have not a few other accounts, which I will neither acknowledge nor identify.  But I never sock-puppet.  Those who keep throwing around the term “sock-puppet” do not know what it means.

Well, congratulations on your brilliant, albeit belated discovery in catching me at something that I never tried to hide, but rather proudly flaunted:  I know this forum very well.  Have a cookie.

🍪

[Ramiza]

”In the end, the only way to kill Bitcoin may be to make it so that people don’t need it anymore. If no one wants a devaluation-proof, censorship-resistant, permissionless, borderless, non-discriminatory, teleporting financial asset, then no one will feed it energy, and it will die. Perhaps humanity can come up with another technology that addresses these needs.

But until then, Bitcoin will thrive”

Alex Gladstein

https://quillette.com/2021/02/21/can-governments-stop-bitcoin/

[ChartBuddy]

Explanation

[james7778]

Sneak peek of our June 2022 Report covering the insolvencies, leverage and balance sheet contagion driving the #bitcoin market.

Source: https://twitter.com/BitcoinMagazine/status/1542171284175351813?t=Ok5FFAIHa90cbc_Ai6-D6g&s=19

[cygan]

not your keys - not your coins

[empowering]

https://www.techrepublic.com/article/pentagon-finds-concerning-vulnerabilities-on-blockchain/

[empowering]

wen decentralised internets

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[becoin]

https://www.techrepublic.com/article/pentagon-finds-concerning-vulnerabilities-on-blockchain/

Russia is changing the world. Russia represents the best hope for a fairer world order.

[ChartBuddy]

Explanation