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

[NeuroticFish]

"One entity" apparently controls or displays the alleged BTC/USD ticker price and everyone accepts it, decentralised my arse.  

It would be nice if you would actually know what you're talking about.

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[Gachapin]

What the fck is that?

I'd say somebody got impatient and decided to cash in early.
Not pleasant, but it happens. Keep in mind that not everybody targets over 100% profit even on bitcoin.
If you zoom out it may make more sense.

"One entity" apparently controls or displays the alleged BTC/USD ticker price and everyone accepts it, decentralised my arse.  

1 BTC = 1 BTC

[ivomm]

What the fck is that?

I'd say somebody got impatient and decided to cash in early.
Not pleasant, but it happens. Keep in mind that not everybody targets over 100% profit even on bitcoin.
If you zoom out it may make more sense.

Even if one has 5K+ BTCs it never makes sense to sell at once losing 7%+ profit. This has been discussed so many times here that it has become a trivial topic.

1. Shorting company manipulating the market.
2. Too many high leverage longs trying to squeeze into 1% increase of the price: at first they are jubilant thinking their chance of getting rich finally has come and then in <1s boom! liquidation (again). So they will try for 1001th time next week.
3. Scaredy-cat daily traders on spot exchange like coinbase, who hastily agree to lose 7% shaken by the fear of losing 10-20% of their last entry price. This game usually ends when their total loss is >90% of their investment throughout a longer period like 1 year.


In the world of finance if someone is making 100x profit by hodling, this always means that at least 100 other unfortunates are making big loss. In the case of BTC the difference is made by knowledge and willpower that most of the people don't have.

[AnotherAlt]

What the fck is that? Inflation is still the same as before but somehow stock market dropped and trigger the same for crypto market.

It remembers me of a Meme

[cygan]

[blue_hurricanger]

What the fck is that?

I'd say somebody got impatient and decided to cash in early.
Not pleasant, but it happens. Keep in mind that not everybody targets over 100% profit even on bitcoin.
If you zoom out it may make more sense.

Make sense. The only way I can see somebody got profits from this is by opening a long position back when BTC was $19k-20k a few days ago and closing it down now. The whatever-leverage would provide enough profit to justify cash out early as the uncertainty from the stock market right now.

What makes me more baffled is how the stock market reacted to the Aug report on inflation. Do they really expect a lower inflation rate? Hence dump it after the inflation rate failed to meet their expectation.
"Oh no, it dropping for the second month but not as low as we expected and our stock is already (priced in) for it so dump, lol"

BREAKING: 🇺🇸 INFLATION FALLS TO 8.3%, DROPPING FOR THE SECOND MONTH IN A ROW.

Source: https://twitter.com/BitcoinMagazine/status/1569664905531506688

[BitcoinBunny]

[Cratoon]

You are savage Bunny!
I don't want to answer.

There is a saying in my local area.
"Don't tell anyone if you get fucked up".

[ChartBuddy]

Explanation

[gallianooo]

Nothing to see here.

BTC dropped just before Nasdaq100 opening (NASDAQ100 Futures premarket drop hits 3%. And currently -3.57%).

Do not look any further.

[xhomerx10]

What the fck is that?

I'd say somebody got impatient and decided to cash in early.
Not pleasant, but it happens. Keep in mind that not everybody targets over 100% profit even on bitcoin.
If you zoom out it may make more sense.

Even if one has 5K+ BTCs it never makes sense to sell at once losing 7%+ profit. This has been discussed so many times here that it has become a trivial topic.

1. Shorting company manipulating the market.
2. Too many high leverage longs trying to squeeze into 1% increase of the price: at first they are jubilant thinking their chance of getting rich finally has come and then in <1s boom! liquidation (again). So they will try for 1001th time next week.
3. Scaredy-cat daily traders on spot exchange like coinbase, who hastily agree to lose 7% shaken by the fear of losing 10-20% of their last entry price. This game usually ends when their total loss is >90% of their investment throughout a longer period like 1 year.


In the world of finance if someone is making 100x profit by hodling, this always means that at least 100 other unfortunates are making big loss. In the case of BTC the difference is made by knowledge and willpower that most of the people don't have.

 Now why would that little pussy be afraid of a big green dildo?  Kitty must all in USDT waiting for US$15k bitcoin.

[Paashaas]

https://twitter.com/ChuckPfarrer/status/1569683217766031360

[philipma1957]

I really don't know what yo make of that tweet. So, I decided to ask here. How true is that because I believe next halving will be in 2024.

Source

May 2020 last one.

since diff rises fairly steady ½ ing is less than 4 years.

often. 3 years and 10 months not 4 years.

so maybe  march or april 2024

to go to dec 2023 is next to impossible due to constant 2 week adjustments being made in dificulty.

I run a difficuty thread here on bitcointalk in the mining section.

https://bitcointalk.org/index.php?topic=5378628.0

[Torque]

What the fck is that?

They're just shorting heavily and liquidating premature longs until the Fed hikes another 75 bps. Then markets will start to rise again...

Also, I think the Fed is frustrated as fk that they aren't seeing the mass layoffs they expect to see. They'll keep hiking until they see it. But there is only so far they can hike rates before things start to globally melt down.

[ChartBuddy]

Explanation

[ThemePen]

https://bitcoinmagazine.com/business/-russia-eyes-bitcoin-for-international-trade-in-2023

[Lucius]

Who still believes in those stories, children in kindergarten? Bitcoin in Russia has a far greater chance of experiencing the same fate as in China rather than becoming an official means of payment. However, this does not mean that the Russians will not take into consideration some centralized altcoin such as ETH, whose owner is of Russian origin, so maybe he will come to an agreement with mother Russia.

[Gachapin]

... ETH, whose owner...

well said

[Mpamaegbu]

I really don't know what yo make of that tweet. So, I decided to ask here. How true is that because I believe next halving will be in 2024.

Source

What a moron. This guy is only good for TA in a bull market, with UpOnly analysis.

Reward-Drop ETA date: 03 May 2024

Source: https://www.bitcoinblockhalf.com/

(His broken source has already re-calculated back to 27 March 2024)

Oh dear! What inconsistency from that site. It has gone to April now. From March 27th, 2024 and then April 5th, 2024. Shouldn't that be a joke or is there something I ain't getting here?

[Renampun]

https://bitcoinmagazine.com/business/-russia-eyes-bitcoin-for-international-trade-in-2023

Russia President Vladimir Putin has signed a law banning digital payments across the nation, according to a policy amendment on Thursday.

https://www.coindesk.com/policy/2022/07/15/vladimir-putin-bans-digital-payments-in-russia/

here it is not explained whether Russia considers bitcoin as a cryptocurrency or not, it is still confusing