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

[bestcoins1]

Floods in Pakistan

The new satellite image from NASA shows that recent flooding in River Indus has turned part of Province Sind into 100 km wide inland lake. These floods are due to what United Nation declares "monsoon on steroids",  heaviest rainfall ever received by this region. The rain received this season is 500 times more then average. Around 1200 people are killed so far and 33 million are affected.

I am also concerned about this because in my area some of the settlements in the province have also experienced flooding due to overflowing river water and it also rains very often. However, there were no casualties but only damage to property belonging to local residents who were carried away by water currents.
Now what is the condition in Pakistan ? and whether the bitcoiners there have prepared assistance for this, or have the residents around Pakistan made countermeasures for this?

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[HI-TEC99]

OT: You can't make this shit up

[BobLawblaw]

#LNMETA

LNDg update has a P&L tab now.

I've recently upped my fees dramatically and expect to see things turn around, but FWIW, I'm currently at -58,424 sats in profit on my node since I started running the Umbrel suite.

Fun times.

[ChartBuddy]

Explanation

[JayJuanGee]

Wouldnt he be a spectacle to behold today ? My friend fought Crocop in his prime and said that crocop is a absolute beast.. and my friend is a absolute beast what does that say about cro cop? xD

Um?  I don't know.  Can you provide a hint?

Something is coming. You can feel it, can’t you? That we are creeping toward the edge… and there will be a reckoning.

Who's we?  

You have a rock in your pocket?

Or maybe you finally bought some of dee cornz in order that you might be able to relate with the creepening towards the edge?

Am I going to be seeing you at the $100k party?

In 1933, the manufacture, importation and sale of alcohol was still forbidden in the USA and had been for 13 years.  It would have taken many years for the brewing industry to recover after that so the price of illegal beer in that year can't be used to indicate the results of inflation today.  Also, fucking nobody on this side of the Atlantic ever bought 10 beer.  If you have 2 or 3 friends over to help you drink it, it can't be divided evenly which results in unnecessary arguments, feats of strength and ultimately fist fights over the last beer.  This is why it is sold conveniently in multiples of 6 or in kegs.  Only a barbarian would buy 10 beer; f&@#in' savages.

Is this proudhon's version of math?

[edited out]

So true! It is like gambling. Or even worse.
Because Bitcoin tends to go up over time and never comes back to previous lows.
Like people are still waiting until Bitcoin came back to 1k in 2018 or 10k now.
It's high risk to lose many Sats.

Maybe each dip is different, and sometimes corrections do end up being corrections rather than dips, and in March 2017 BTC prices made new ATHs up to nearly $1.3k, and then suddenly corrected back down to $850-ish, and then sprung back into the $1.1k price arena, while there were a lot of "serious" (and "scary") discussions about sub-$500 needing to be reached before the BTC price was going to be ready and able to resume uppity....and seriously BIG players were holding back their investments into BTC until they get them sub $500 cornz..  

Vinny Lingham and some others were spouting such strong convictions based on "insider information" and a lot of folks sold or failed to buy BTC at those lower $1k prices, while the BTC price largely went straight up from there.. and barely even got back down into the $2ks for a short blip in July 2017.

I agree that we gotta be careful with these supposed "all knowing" down before UP doom and gloom proclamations.

[ChartBuddy]

Explanation

[jojo69]

[ImThour]

"2x per year" trend seems invalidated. Oh well. It's still growing.

I saw many models which are now already broken. Will post them here once I am on PC.

[Razmirraz]

Floods in Pakistan

The new satellite image from NASA shows that recent flooding in River Indus has turned part of Province Sind into 100 km wide inland lake. These floods are due to what United Nation declares "monsoon on steroids",  heaviest rainfall ever received by this region. The rain received this season is 500 times more then average. Around 1200 people are killed so far and 33 million are affected.

~~Now what is the condition in Pakistan ? and whether the bitcoiners there have prepared assistance for this, or have the residents around Pakistan made countermeasures for this?

Conditions are conducive, various aids have started to arrive.
irfan_pak10 has created a special Thread on Child Boards Services for Pakistan flood fundraising, you can see it here [Donations] Fundraising for the Floods disaster in Pakistan | Raised ~1000 USD.

The collected funds have also been distributed to flood victims through irfan_pak10's trusted people who are in the area around the flood.

Today I'm going to transfer the first batch of PKR to a friend of mine, who lives nearby in the flooded area. Where he will start the campaign and give them whatever they required. Will later post the proofs.

Hopefully more forum members will become donors to help ease the burden on the Pakistani population affected by the floods.

[ChartBuddy]

Explanation

[JayJuanGee]

@robustus
9/
- Not decide to pack it all in and go work for an enterprise blockchain company

- Not get depressed & sell during one of the 4 bears when BTC was down 80%+ for months and just sat there

- Not need the money to cover life expenses
https://twitter.com/robustus/status/1564677779899179008?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA

For some reason the bolded part above reminds me of some of the bitcoin naysayers during the 2014/2015 period, and we do not see them around here anymore.  In fact mmitech was actually correct and even profitable for a couple of years when he had supposedly sold all of his BTC at around $600 in mid-2014, so he would come back to the thread and rub it in on a fairly regular basis.. even though he was ongoingly a dweeb, even if it appeared that he was correct for nearly two years.  Here's one of my responses to him.

Then it also reminds me of Jonoiv, too.. Holy fucking shit in early 2019, that guy sold his bitcoin at about $6k (or was it lower) when BTC prices were going up in early 2019 and he kept waiting for a BIG enough correction to buy back and he was so fucking wrong for at least a year after that, until all of a sudden we got the March 2020 incident, and he had his short-lived ability to make up for his selling mistake in early 2019, yet the dumbass even chimed into the thread on that actual day which largely showed that he had the opportunity and he could have bought back right around $4k at about a 30% discount, and a bit later he said he was completely out of BTC.. implying that he was waiting for lower $2ks or some kind of disingenuine nonsense like that.

From time to time, we get to meet amazing nocoiner, low coiner, bitcoin naysayers in these here parts... and so far they have all been wrong (even though they have been doing pretty well - feeling vindicated - in the past few months since we dropped below $35k).

So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.

I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market.

Your posts are starting to turn into dweeb posts, including strawman ascribing moon-boy status to members here who have been talking about upward BTC price movements that have likely similar odds of happening as your wishful-thinking DOWNity scenario that cannot even stop in terms of wishing for $17k and cannot resist including $12k to $15k in your propositions of inevitability.  

Are you a betting man?  Maybe we should play out your odds and put some stake into what you are saying in regards to your supposed certainty?  Once we work out the terms, we will need an escrow for this.

Just to let you know (or would that be Protip? there is no inevitable in bitcoin especially related to 15% more down merely because you and a bunch of reddit dweeb-twats are wishing for such down.

Likely one of the ONLY things inevitable in bitcoin is its volatility, and the inevitable aspect of bitcoin's volatility does not have a directional component - even if you are asserting such doom and gloom DOWNity BTC price matters as if they were certain when they might not even have odds that are much higher than 50%, especially since we have already been bouncing largely below the 200-Week moving average for more than 2.5 months..

[ChartBuddy]

Explanation

[cygan]

[CryptopreneurBrainboss]

[rat03gopoh]

I've been speculating a lot lately especially about what might happen when BTC150k compensation is released to MtGox victims. What calms me down a bit is (in my mind) they're not going back to the spot market to make a big dump. To be sure each of them has a large number of bitcoins and worries it will be a problem a second time when they transfer everything to a centralized entity that is more bureaucratic than in previous years.

[ChartBuddy]

Explanation

[JayJuanGee]

So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.

I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market.

sorry, 15k-12K is not very original..it has been repeated a gazillion of times here and elsewhere.

Covid restrictions in China,  interest rate hikes by the Fed, and continuously rising inflation after such negative news for global economy, Oil prices fall... Won't all these negative news affect the price of Bitcoin?

Have you heard about bitcoin-related factors, or do you believe bitcoin merely jumps whenever macro-factors bark such orders at it? 

Are you completely out of bitcoin at this time, Morningstarr?  Have you retained any cornz in case the price does not go in the direction nor to the degree that you expect it to go?

Hopefully the BTC portion of your portfolio is NOT reflective of the nonsense that you are spewing... Hey.. you might being correct in your prediction, but your confidence comes off as a wee bit out of touch with reality.

we might well test 18k again, but I think the bottom is in  SOMA^TM

Interesting....

just..

Do Not

its easier this way, trust me

I am really into NOTtening.. you know?

Just consider that if each of our lil selfies would just have had NOTted a wee bit moar in these here parts, then we (royal, maybe?) could get through this here thread very quickly.  Perhaps "we" would spend less than 15 minutes to read (and NOT respond to) the whole month's worth of NOT posts.

just..

Do Not

it's easier this way, trust me

Yeah speculation can raise one blood level for nothing, so I say do not speculate.

Great idea.  Don't speculate..   Such conduct surely would fit within the NOT groupenings.

18k Bitcoin price, we will nowhere near that price!

Well.. that's o..k.. you can have one freebie.  That's fine.  But you better STOP speculating from here on out.   

Am thinking of selling all the altcoins in my possession

Whoaza!!!!!  You have shitcoins in your possession?  Oh my?  You may need to go in for an examination... and if you get rid of them before the examination, there will be some needs to verify that you really did get rid of them.

to buy diapers for bitcoin bear to seal the linkage afflicted by some weak hand for the past few weeks back.

Even though I am not sure exactly what the bear sealing would entail, and since you are non-regular in these here parts, you might need someone like Bawb to help you out with such delicacies of sealing nether areas of bodies.. I mean maybe you are into bears, but I try to avoid them personally.. but Bawb may well not have such reservations, if you catch him in the right mood.. ..

And, I will repeat that things could go awry if you do not catch Bawb when he is in the right disposition.. #justsaying.

[Uang_kartal]

but maybe it will be denied in 4 hours tf. still at the same base as last month.