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

[ChartBuddy]

Explanation

[1714312241]

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[1714312241]

1714312241

[1714312241]

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[1714312241]

1714312241

[Rahul09]

[somac.]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor?

[BobLawblaw]

Oh grief...

[ChartBuddy]

Explanation

[somac.]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Contagion is yet to play out, you’re right in suggesting a potential domino effect. I have a stack of fiat waiting. I still think this goes lower. Who or what entity is next to get REKT? What odds on it being Saylor?

I won't rule Saylor out as a possibility, he was buying way too much on the way up. But, apparently he's all good till the 3k level. Or so he says.

[philipma1957]

do we go under 17k?

I got a piece at 17.7 today

[somac.]

do we go under 17k?

I got a piece at 17.7 today

I'm sure we're about to hear about more actors going bankrupt soon, so most likely. Too bad they all seem to own BTC despite hating on it at every turn.

[BitcoinBunny]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.

[somac.]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.

You know what that means though. Means we're all fucked. Nothing ever changes I guess.

[BitcoinBunny]

Got to admit I'm getting a bit sick of these dramas in the "crypto space" and their effect on BTC. FTX may have been wiped out but my concern is Alameda hasn't completely liquidated yet, and then whoever else lent to them and so on. I'm hoping for a bottom and that things have already been cleaned out, but, I will not be surprised if this drama is not over yet.

How anybody could still support anything other than BTC right now is beyond me.

Stockholm syndrome.

No matter how much people get fucked by fiat, big business or by their politicians people still go along with the same old mostly.

You know what that means though. Means we're all fucked. Nothing ever changes I guess.

James Spader said it best in the Office; there is only sex.

https://www.youtube.com/watch?v=qDAh8JhUOl8&ab_channel=TheOffice

[BitcoinBunny]

Ouch Solana, Dogecoin and all the other shit.

Don't listen to these imbeciles. They know nothing! And promise a load of shit!
Solana literally dipped below the low of its first hype pushed by InvestAnswers 1 1/2 years ago. 








There is only Bitcoin.

[ChartBuddy]

Explanation

[Torque]

The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees
https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

[somac.]

The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees
https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

Things are happening alright. More politcians are also starting to target the FED for crashing the economy. They'll cave like they always do soon enough.

https://www.zerohedge.com/markets/fedex-parks-planes-maersk-cancels-sails-world-trade-appears-be-rapidly-deteriorating

[vroom]

The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees
https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

[ChartBuddy]

Explanation

[Torque]

The Fed is finally starting to see all those mass layoffs that they have so desperately been trying to cause:

Meta laying off more than 11,000 employees
https://www.cnbc.com/2022/11/09/meta-to-lay-off-more-than-11000-thousand-employees.html

But...bbut...we are not in a recession, amirite?

I don't want to comment on the Fed decisions, but the meta mass layoffs are self-inflicted. Facebook has no future and this meta VR crap looks worse than second life from 20 years ago. They think that they are working on a new internet but nobody wants to wear stupid glasses to read mails or surf the web.

While that all may be true, and I agree with you about the VR crap. However:

If Facebook's ad revenue wasn't completely cratering, their data selling business wasn't cratering, and they were still able to borrow money at cheap Fed rates (0-1%), then they wouldn't be laying off 11,000 employees.

They would be keeping them.

Let's face it, none of these social media companies were actually making money. They were subsidizing their own existence with cheap debt. Just like the majority of companies out there.