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

[Toxic2040]

#haikuSunday

Where are we at now?
A bull...a bear, what market?
Quiet content DCA'ing

The bests lies ahead.
Stacking sats for tomorrow.
The right place for me.

For this I am sure.
It stands the test of our times.
Stronghands, together.

[ChartBuddy]

Explanation

[mRTHroo]

BITCOIN hit its 1D MA100 for the firsts time since April!

Source

[cygan]

love it 

[xzy887]

#haikuSunday

Where are we at now?
A bull...a bear, what market?
Quiet content DCA'ing

The bests lies ahead.
Stacking sats for tomorrow.
The right place for me.

For this I am sure.
It stands the test of our times.
Stronghands, together.

Be late for better times. In fact, no one ever imagined that Bitcoin would be like this. However, we will see Bitcoin in stronger form again. And for this Bitcoin, many traders are in a bad situation. In fact, sometimes in life, if you are not in a bad situation, you cannot understand the meaning of being good. Today you are in a bad situation, tomorrow you can be the owner of many dollars! This is crypto currency, everything is possible here.
So always believe in yourself. I'm not here to tell you about Bitcoin, I'm here to harden your mind. I don't know if it's true I heard that many people committed suicide due to luna token going to down. But they don't care, if he had lived, he would have made more dollars than he lost! People can do whatever they want.
So no one will be disappointed by the poor condition of this market. Whatever your situation may be you can eat at home, but think of those who are not able to eat day after day. Only then will you know how happy you are.

[Ami0]

It really be like that 😅



https://twitter.com/BitcoinMagazine/status/1558573083010678784?t=4AZWZtrNbRtPC3sYn81Cdg&s=19

[cAPSLOCK]

You guys ready for the big race of bitcoin ownership?

Who will win?  El Salvador? Plebs? Blackrock? Russia? The Netherlands? Central African Republic? Ukraine?

They have waked up. 

But they are not talking.

Why would you?  At the poker table when you have the nuts...

Hueristic... help me here.

The smartest ones have realized they cant make paper out of it.  That is deadly.  The game has changed.

The dumb ones will still try ... and go broke to the smart ones.

Are you ready?

I don't think so.   Me either really...

I want to add one thing to this hyperbullish thing I posted.

I do NOT think blackrock is going to just buy and hold bitcoin, and obviously I do not trust them, as they seem to be a part of the weird corpo-communist world takeover that is invisible to most.

But I also think they can't win.

They CAN make things shitty in the meantime, though...

[ChartBuddy]

Explanation

[Toxic2040]

Be late for better times. In fact, no one ever imagined that Bitcoin would be like this. However, we will see Bitcoin in stronger form again. And for this Bitcoin, many traders are in a bad situation. In fact, sometimes in life, if you are not in a bad situation, you cannot understand the meaning of being good. Today you are in a bad situation, tomorrow you can be the owner of many dollars! This is crypto currency, everything is possible here.
So always believe in yourself. I'm not here to tell you about Bitcoin, I'm here to harden your mind. I don't know if it's true I heard that many people committed suicide due to luna token going to down. But they don't care, if he had lived, he would have made more dollars than he lost! People can do whatever they want.
So no one will be disappointed by the poor condition of this market. Whatever your situation may be you can eat at home, but think of those who are not able to eat day after day. Only then will you know how happy you are.

[mRTHroo]

#Bitcoin doesn't have borders and neither do we.

Join us in Amsterdam for 3 days of the most brilliant minds in Bitcoin from across Europe and beyond! 🇳🇱



Source

[Toxic2040]

https://twitter.com/saylor/status/1558871016838991873

[348Judah]

#haikuSunday

Where are we at now?
A bull...a bear, what market?

I'd rather say in-between but be very assure there's a high probability of running a bull in any slightest opportunity, it was about starting from last week candlestick, if you take a look back on how it all started from last week Sunday evening down to Monday, the signals were indicating more preparedness for a shift from the $24k zone abit upwards

The bests lies ahead.
Stacking sats for tomorrow.
The right place for me.

For this I am sure.
It stands the test of our times.
Stronghands, together.

We keep buying as long as it's bitcoin and maintain holding when it's on a dip period.

[ChartBuddy]

Explanation

[348Judah]

https://twitter.com/AurelienOhayon/status/1558665777510813697?t=51sGy4p07jg9J7pEL-up9w&s=19

here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than as expected.

[WatChe]

With every passing year different cryptos are launched and all they can take is slot from 2nd onwards.
Bitcoin will be the king



Image source

[ChartBuddy]

Explanation

[AnotherAlt]

here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than expected.

Every time I expect a bull run after seeing those graphs. The market denies it. So, Instead of speculating and following bullshit tweets, I stored some of my sats on a wallet, and I didn't check them for the last three months now. I am trying to be strict and not to check my portfolio every day, and I don't want to hear what bullshit tweets say. Bull Run Coming? Okay, Let it come. A bear market is here? Cool. I am trying to hold my nerves and don't want to touch my sats before the next halving.

[Biodom]

here's another picture sighting the bullrun on the 5th times about bitcoin price, but i think we are getting closer than expected.

Every time I expect a bull run after seeing those graphs. The market denies it.

We are up 39% from the low...how is that "denies it"?
Twitter and pundits 'hate' this bull run, that's true.
A gazillion of 'a new leg down to $13-14K" opinions.
Maybe you mistake their voice for the 'market opinion'?
$200K price is as good as any. Imho, it will be $110K-240K based on multiple scenarios and calculations (shown elsewhere).
Personally, I am probably selling at least 20% in 2025, no matter what the price is (hopefully, would catch the peak within 20-30%).

[JayJuanGee]

Are you trolling, you retard?  Now all of a sudden you are an "online currencies" expert?

You initially claimed that bitcoin's scarcity did not give it value and I 'splained the concept of scarcity a wee bit MOAR better to uie pooie.

An example of something that is scarce but not valuable would be each time that you assemble a set of rocks, you arrange them in a unique way... it is a one of a kind that a no named troll like yourself had assembled.  .. So, in that regard, it is surely scarce but it is not necessarily valuable.  

An example of something that is valuable but not scarce would be breathable air.

There are other examples of scarcity and not valuable and other examples of valuable and not scarce, but there is likely little to no need for me to provide further examples, especially when you are ongoingly showing that you are not even trying to reasonably and meaningfully engage in the topic... unless you are going to provide some better ideas about what it is that you are talking about.. that might have been trying to address some kind of genuine question related the this thread... whether you consider bitcoin to be valuable or not.. do you have any point, exactly?

The only one on excess of words and low on brain power seem to be you uliepooie

I really wanted to know your view on scarcity and value but that seem to be non existent as you tried to explain with rocks piled up on top of each other...

And where have you been living in the past few years ? Under a rock ? In heavy self confinement ? Of course i learned a lot about Online Currencies unlike ... some ...

I just wanted to know your standpoint and your "Wisdom" that does not exist. So i can use your words sometime in the future against you or for you.. depends on the situation but that is hard compared to what you provided

Your proclamation that you have knowledge about "online currencies" is not very convincing, and of course, the main "online currency" of interest in this thread is king daddy, so hopefully, if you do happen to know something about something, then if you are able to put it within the framework of understanding bitcoin then that would be a great start... and another great start would be if you have actually accumulated some in the past couple of years since your forum registration (even though you have already conceded that you failed/refused to buy BTC back to 2014-ish when you supposedly lost your MTGOX bitcoins, to the extent that we can eve believe you about having involvement in BTC going back that far).

I think sometimes we might get too accustomed to the fact that so many people around us don't understand Bitcoin yet, and that we are still early.
That might leave us with a feeling that causes us to miscalculate the size of impact, when people finally catch on  ...or to miscalculate how quickly it can happen, once worldwide FOMO begins.  But things can escalate very quickly.

I cannot really disagree with anything you say here, and even some of the real world Gresham's law motivations might not really be apparent to some of us, even though there could be some bitcoin contagion that builds upon Gresham law motivations principles and some of the folks who are influenced by those kinds of sound money factors might not really realize why it is that they are getting some resonance in regards to bitcoin being better money than any other kinds of money out there... which as you say builds upon itself in a kind of snowballing gravitational way, even if the users might not really exactly know why they are being motivated in that direction.

To quote yourself:  I cannot really disagree with anything you say here   

There seems to be a kind of contagion in the space. 

This is very interesting comparison of bitcoin price verses addresses holding more then 10k$ worth of bitcoin.
You can see when price of bitcoin touched 69k$ on 11 Nov 2021, the addresses have gone done. That means Whales were in selling mood at that time. Now as price has gone down, whales are once again accumulating bitcoins.
Key Takeaway: whales are called whales because of this reason.

My few satoshis that I extracted from this graph.

Image source

If you attempt to think about the matter more critically, the graph is not saying anything about the quantity of bitcoin whale addresses, it is ONLY talking about the value of the addresses, and of course, the number of BTC addresses above or below $10k is going to go up and down with the movement of the bTC price, even if we were to hold the number of BTC addresses constant.. and if there are severe BTC price movements in a short period of time, you could get the number of BTC addresses going UP when the BTC price is going down, but the BTC price would cause it to appear as if the number of BTC addresses were going down because the measurement relates to spot price of the BTC in terms of dollars.

[Biodom]

This is very interesting comparison of bitcoin price verses addresses holding more then 10k$ worth of bitcoin.
You can see when price of bitcoin touched 69k$ on 11 Nov 2021, the addresses have gone done. That means Whales were in selling mood at that time. Now as price has gone down, whales are once again accumulating bitcoins.
Key Takeaway: whales are called whales because of this reason.

My few satoshis that I extracted from this graph.



Image source

You and the twitter guy both seem to misinterpret the graph.
It is not the graph of people with more than $10K in a wallet, it is a graph of wallets with more than 10K bitcoin.
Naturally, as the total number of bitcoin got mined from 0% to 90%, the number of such wallets should rise in the graph just like that.
Additionally, one can conclude that large whales were selling/distributing bitcoin since 2016.
Their slice of the pie is melting, which is a natural progression as well, correlating with an exponential increase in wallets containing 0.1-1 btc (shown in prior discussions and here: https://coingape.com/retail-bitcoin-holders-with-balance-0-01-0-1-btc-reaches-new-high/).
some additional stats are here (check the references as well):
https://bitcoinist.com/how-many-people-actually-have-at-least-1-bitcoin/