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

[cAPSLOCK]

Whoops.  




Not surprised.

Also of interest?


https://www.globenewswire.com/news-release/2022/06/30/2471737/0/en/Grayscale-Investments-Initiates-Lawsuit-Against-the-SEC.html

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[Gachapin]

July August will probably be ugly... boring at best..

I hope some relief to come in autumn

[Cryptolove20015]

The Bank of International Settlements proposed today that banks be allowed to hold 1% of reserves in bitcoin
That's $1.8 trillion.

Source: https://twitter.com/BitcoinMagazine/status/1542484760907419649

[empowering]

If bitcoin keeps falling soon it won't be enough to just hold BTC. Every holder will have to buy a miner and make it work at home. Because falling under $ 17 000 will force many miners to turn off their equipment. Those who mine with S17 and pay $0.1 per kilowatt lose $1.2 every day if 1 BTC costs $ 20 000.

Oh my God... I just had this terrible thought... This could lead to a sort of negative feedback loop!  Ahh, what could we call it... an "abysmal spinning down".  No too clunky.  Umm, a "deceasement loop"... nah deceasement is not a word, is it?

I don't know... someone could come up with a good name for it.

How have we never thought of this before?

...death spiral ?

That's great!!! Have you checked for the .com .org and .net?

Or wait... do you mean that dude that posts those long long things here recently?

heh heh, nawh, inspired by some LUNAtics I saw on twitter moaning about how they lost a few pennies at the hands of some Korean deewd


(actually, they did it to themselves)

[Gachapin]

......


https://www.globenewswire.com/news-release/2022/06/30/2471737/0/en/Grayscale-Investments-Initiates-Lawsuit-Against-the-SEC.html

Anyone has a guess how long these lawsuits usually drag on?

(they might have a chance to win against SEC)

[empowering]

I am puzzled when I see that more than 50% of the Wall observer members voted for "bottom in".

I am not the oldest here, but I'm seriously involved in BTC from late 2014/ early 2015, and didnt sell any BTC till 50K$.

If we are logic, it's seems there is little chance to already bottomed, for all these reasons :

- We came back for the first time in btc history to the previous ath (and below)
- We will probably close tonight below the 200WMA weekly (22K$), for the first time too
- Situation macro economic (covid, war, super inflation, fed etc...) / Recession
- absolutely NO rebound, even at 20K$.. And no volume too for buying.
- Terra/luna disasters, celsius.. What's next?

I don't like to say that, but I don't see any positive point at least at medium term.. So in my opinion there is high chance to have more pain. I just have no idea till where. 14-15k ? 10-12K? Less (but seems really crazy, but who knows..).

I personally reinvest 1/3 of my long terms BTC profit at these levels :

- 20K$ (done) = 25%
- 15K$ = 25%
- 12.5K$ (then every 1K$ down from there till 6K's) = 7% each step


Be brave my friends, we will be rewarded sooner or later.

...at 5k down to 1k? sell kidney ?  or seppuku?


Hypothetically of course. 

[savetherainforest]

Plus we keep dipping into weekends which never feels very "yay".

Another weekend another slide.



YAAAAAY!

I'm so glad that at least some of you are cheering about this. The faster we get to $15K levels we end this faster. I'l be prepared to fill some more of my stashes!      

WE GET A 30% discount from the 70% Discount !!! That is a 210% VALUE !!! YOU LOSE MONEY IF YOU DON't BUY AT $16K at least.      

[gallianooo]

I am puzzled when I see that more than 50% of the Wall observer members voted for "bottom in".

I am not the oldest here, but I'm seriously involved in BTC from late 2014/ early 2015, and didnt sell any BTC till 50K$.

If we are logic, it's seems there is little chance to already bottomed, for all these reasons :

- We came back for the first time in btc history to the previous ath (and below)
- We will probably close tonight below the 200WMA weekly (22K$), for the first time too
- Situation macro economic (covid, war, super inflation, fed etc...) / Recession
- absolutely NO rebound, even at 20K$.. And no volume too for buying.
- Terra/luna disasters, celsius.. What's next?

I don't like to say that, but I don't see any positive point at least at medium term.. So in my opinion there is high chance to have more pain. I just have no idea till where. 14-15k ? 10-12K? Less (but seems really crazy, but who knows..).

I personally reinvest 1/3 of my long terms BTC profit at these levels :

- 20K$ (done) = 25%
- 15K$ = 25%
- 12.5K$ (then every 1K$ down from there till 6K's) = 7% each step


Be brave my friends, we will be rewarded sooner or later.

...at 5k down to 1k? sell kidney ?  or seppuku?


Hypothetically of course. 

if 1K, probably BTC is "dead", tether collasped and all other stables too. , all alts - 99.99%. So every single holders would be fully broke at these levels.

But just read my reply, even if we reach 6K's$, i would invested 'only' 33% of my btc profits. So most probably i will put more orders (maybe till 50% instead of 33?)

[empowering]

I am puzzled when I see that more than 50% of the Wall observer members voted for "bottom in".

I am not the oldest here, but I'm seriously involved in BTC from late 2014/ early 2015, and didnt sell any BTC till 50K$.

If we are logic, it's seems there is little chance to already bottomed, for all these reasons :

- We came back for the first time in btc history to the previous ath (and below)
- We will probably close tonight below the 200WMA weekly (22K$), for the first time too
- Situation macro economic (covid, war, super inflation, fed etc...) / Recession
- absolutely NO rebound, even at 20K$.. And no volume too for buying.
- Terra/luna disasters, celsius.. What's next?

I don't like to say that, but I don't see any positive point at least at medium term.. So in my opinion there is high chance to have more pain. I just have no idea till where. 14-15k ? 10-12K? Less (but seems really crazy, but who knows..).

I personally reinvest 1/3 of my long terms BTC profit at these levels :

- 20K$ (done) = 25%
- 15K$ = 25%
- 12.5K$ (then every 1K$ down from there till 6K's) = 7% each step


Be brave my friends, we will be rewarded sooner or later.

...at 5k down to 1k? sell kidney ?  or seppuku?


Hypothetically of course. 

if 1K, probably BTC is "dead", tether collasped and all other stables too. , all alts - 99.99%. So every single holders would be fully broke at these levels.

But just read my reply, even if we reach 6K's$, i would invested 'only' 33% of my btc profits. So most probably i will put more orders (maybe till 50% instead of 33?)

33 is an important number.


(yeah and 42 D__W)

[ivomm]

DB] FTX walked away from a deal with Celsius after seeing state of its finances: The Block
https://twitter.com/tier10k/status/1542495071685206022?t=OQcH3jAlO4mt6HQVbAl2pA&s=07&fbclid=IwAR0hFacO38O_d1FlcE8TmpaXabGzSjxYRK5Y9T4d9zSLO-PHhVmROhcVGsk

This bear market looks infinite. Every day some company with 15K+ BTCitcoins gets liquidated and obviously all these BTCitcoins getting dumped on the spot market. BlockFi, 3AC, etc. ponzis were hoping SEC will approve Greyscale ETF so that these 640K BTCitcoins to be dumped at 20K instead of 13K. Thanks to the bankers' sock puppet Gary Gensler, this didn't happen. When will this end and what will be the price then? What if this continues another 6 months, 1 year, or even 3 years? This will be serious. We've never had so severe bear market for 8 straight months. May be it will end soon, may be not. I expect more tears and pain for the weak hands to come. On the other hand, this may be the last chance for the strong hands with a regular income to buy several whole coins in the next few years. As it is said in Psalm 126:5 "They that sow in tears shall reap in joy." This is too important chance to be ignored. A chance to have a new house and to retire early. I missed it in the last bull run, but now I have a chance to recover 70-100% of my previous position and redo it properly above 100K.

[MERlT]

If Bitcoin were the only Cryptocurrency:

1 BTC would have a price of $158,448.86 at a $3 Trillion Total Crypto Market cap.

$44,042.79 per BTC at the current Total Crypto Market cap of $840 billion.

Interesting, isn't it?

1 BTC = 1 BTC

[ChartBuddy]

Explanation

[empowering]

I am puzzled when I see that more than 50% of the Wall observer members voted for "bottom in".

I am not the oldest here, but I'm seriously involved in BTC from late 2014/ early 2015, and didnt sell any BTC till 50K$.

If we are logic, it's seems there is little chance to already bottomed, for all these reasons :

- We came back for the first time in btc history to the previous ath (and below)
- We will probably close tonight below the 200WMA weekly (22K$), for the first time too
- Situation macro economic (covid, war, super inflation, fed etc...) / Recession
- absolutely NO rebound, even at 20K$.. And no volume too for buying.
- Terra/luna disasters, celsius.. What's next?

I don't like to say that, but I don't see any positive point at least at medium term.. So in my opinion there is high chance to have more pain. I just have no idea till where. 14-15k ? 10-12K? Less (but seems really crazy, but who knows..).

I personally reinvest 1/3 of my long terms BTC profit at these levels :

- 20K$ (done) = 25%
- 15K$ = 25%
- 12.5K$ (then every 1K$ down from there till 6K's) = 7% each step


Be brave my friends, we will be rewarded sooner or later.

...at 5k down to 1k? sell kidney ?  or seppuku?


Hypothetically of course.  

if 1K, probably BTC is "dead", tether collasped and all other stables too. , all alts - 99.99%. So every single holders would be fully broke at these levels.

But just read my reply, even if we reach 6K's$, i would invested 'only' 33% of my btc profits. So most probably i will put more orders (maybe till 50% instead of 33?)

Hypothetical....


So 1K BTC = BTC ded.... how about 3k? a la Covaids black swan retest?

Hypothetical.... Russia depletes their cruise missiles, and escalates to tactical nukes... sending Europe and NATO n US into a frenzy, markets react, based on speculation of what could come next..... or merely on the "normalisation" of the use of tactical nukes (they are the lower yield nukes, as opposed to strategic)

Markets react..... where does that black swan take BTC price?

orrrrrrrr even worse... tactical nukes deployed by Russia, and met in kind by "entity x" where does that black swan lead BTC price?


Orrrrrrrrrrrrrrrrrrr , no, I wont even speculate or ask about strategic nukes, or atomic ....does not bare thinking about...


How about Gina make a yuge move on Taiwan , where does that lead BTC?


Orrrrrrrrrrrrrrrrrrrrrrr how about we finally break the "omicron variant" and there is a new variant "Pi"?
and this one is vaccine resistant and does something else new, say, it effects children (remember these are hypotheticals) ..... lockdowns come back with a vengeance,  the worst yet, supply chains totally shit the bed, new "super" vaccine mandates passed in most nations (and do not work) etc.... where does that lead BTC price?


Orrrrrrrrrrrrrrrrrrrrrr come October, its a cold winter in Europe, the recession has kicked up several notches, energy prices triple, inflation soars, interest rates increased by several 1% jumps,  and it
still has not dampened inflation....  fuel has tripled, food inflation has gone another 20-30%, economy retracts hard, like never seen before... this whole thing makes earlier lockdowns, and related issues pale in comparison ...   Klaus is right and global anger reaches peak levels, and there is mass civil unrest, martial law in western nations ...

Where does that leave BTC ?


Orrrrrrrrrrrrrr how about a combination of ALL OF THE ABOVE  ? the whole shebang, Ukraine, Russia, tactical nukes fly, food, fuel, gas shortages, new variant, deaths, lockdown supermax, supply chain grinds to halt, civil unrest, China makes its move.....

Where does that leave BTC price?


Hypotheticals of course  ......


Whaddya think ?


(I am available for parties and weddings) 

[psycodad]

* death_wish prepares to beat Buddy with a horsewhip.

never work.  hes an ai; his electrons will just laugh at you. an electric cattle prod other the other hand..


buddy we dont want to see you hurt. stop resisting. go UP

* psycodad waves 3 MS-DOS 6.1 and 7 Windows 3.1 3.5" disks in front of CB, telling him:

Do your job now, or you'll get this "upgrade".


Though it probably wouldn't hurt in the short term as I suspect we don't need him to work with numbers >65536 for quite some time 

[_javi_]

... I expect more tears and pain for the weak hands to come...

Weak handers who sold are feeling relief now, with all this bearish debacle.

The tears and pain are for us who didnt sell a sat..

[BitcoinBunny]

What a load of shit this price action, honestly.

I bEtTeR cAsH oUt iN fIaT bEcAuSe InFlAtIoN iS oNlY 20%...


 

[gallianooo]

I am puzzled when I see that more than 50% of the Wall observer members voted for "bottom in".

I am not the oldest here, but I'm seriously involved in BTC from late 2014/ early 2015, and didnt sell any BTC till 50K$.

If we are logic, it's seems there is little chance to already bottomed, for all these reasons :

- We came back for the first time in btc history to the previous ath (and below)
- We will probably close tonight below the 200WMA weekly (22K$), for the first time too
- Situation macro economic (covid, war, super inflation, fed etc...) / Recession
- absolutely NO rebound, even at 20K$.. And no volume too for buying.
- Terra/luna disasters, celsius.. What's next?

I don't like to say that, but I don't see any positive point at least at medium term.. So in my opinion there is high chance to have more pain. I just have no idea till where. 14-15k ? 10-12K? Less (but seems really crazy, but who knows..).

I personally reinvest 1/3 of my long terms BTC profit at these levels :

- 20K$ (done) = 25%
- 15K$ = 25%
- 12.5K$ (then every 1K$ down from there till 6K's) = 7% each step


Be brave my friends, we will be rewarded sooner or later.

...at 5k down to 1k? sell kidney ?  or seppuku?


Hypothetically of course.  

if 1K, probably BTC is "dead", tether collasped and all other stables too. , all alts - 99.99%. So every single holders would be fully broke at these levels.

But just read my reply, even if we reach 6K's$, i would invested 'only' 33% of my btc profits. So most probably i will put more orders (maybe till 50% instead of 33?)

Hypothetical....


So 1K BTC = BTC ded.... how about 3k? a la Covaids black swan retest?

Hypothetical.... Russia depletes their cruise missiles, and escalates to tactical nukes... sending Europe and NATO n US into a frenzy, markets react, based on speculation of what could come next..... or merely on the "normalisation" of the use of tactical nukes (they are the lower yield nukes, as opposed to strategic)

Markets react..... where does that black swan take BTC price?

orrrrrrrr even worse... tactical nukes deployed by Russia, and met in kind by "entity x" where does that black swan lead BTC price?


Orrrrrrrrrrrrrrrrrrr , no, I wont even speculate or ask about strategic nukes, or atomic ....does not bare thinking about...


How about Gina make a yuge move on Taiwan , where does that lead BTC?


Orrrrrrrrrrrrrrrrrrrrrrr how about we finally break the "omicron variant" and there is a new variant "Pi"?
and this one is vaccine resistant and does something else new, say, it effects children (remember these are hypotheticals) ..... lockdowns come back with a vengeance,  the worst yet, supply chains totally shit the bed, new "super" vaccine mandates passed in most nations (and do not work) etc.... where does that lead BTC price?


Orrrrrrrrrrrrrrrrrrrrrr come October, its a cold winter in Europe, the recession has kicked up several notches, energy prices triple, inflation soars, interest rates increased by several 1% jumps,  and it
still has not dampened inflation....  fuel has tripled, food inflation has gone another 20-30%, economy retracts hard, like never seen before... this whole thing makes earlier lockdowns, and related issues pale in comparison ...   Klaus is right and global anger reaches peak levels, and there is mass civil unrest, martial law in western nations ...

Where does that leave BTC ?


Orrrrrrrrrrrrrr how about a combination of ALL OF THE ABOVE  ? the whole shebang, Ukraine, Russia, tactical nukes fly, food, fuel, gas shortages, new variant, deaths, lockdown supermax, supply chain grinds to halt, civil unrest, China makes its move.....

Where does that leave BTC price?


Hypotheticals of course  ......


Whaddya think ?


(I am available for parties and weddings) 

#STOPTROLLING.

covid crash = approximately a double bottom of the previous bear market cycle, so what's the link?

If combinaison of everything, BTC will probably be the least of our worries.

Maybe you are not agree with me, you see probably the bottom in already ? But doesn't smell this according to all the points i mentioned above.

[vapourminer]

This is the weirdest bear market so far...

I am having fun!  I really am.

same here. the thrill is back for me. not since i started and went through my 1st crash (~90% drop) have i felt like this.

are we toast? have we made a huge mistake? if we crash way hard and crater it big time will it survive?

and just like my 1st "panic" in the 2011 crash one thing stays the same for me: HODL this pig. cuz moon or hole in the ground im in 100%

[a1 Hashrate LLC2022]

Got another piece at 18.8 this time.

Hoping for lower and ready to do multiple buys.

[El duderino_]

Sentiment changes escalating quickly when in BTC

Stay strong, stay focused, stay cool …..