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

[philipma1957]

<...>just be sure that you have spare funding to do it for a while (1 year or more)

You think it will last that long?
Damn it, SBF... Damn!

yeah at best 6 to 7/months

a lot depends on the other exchanges and if one or two more fail.

[Raja_MBZ]

Thought of letting y'all know... I lost a lot at FTX. Like really, A LOT. For a long long time, I won't be in a position to re-enter BTC. I'm so done.

"Not your keys, not your coins"

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

[Hueristic]

It'd not have happened if it weren't for Sam, though. But... whatever.

[fillippone]

Thought of letting y'all know... I lost a lot at FTX. Like really, A LOT. For a long long time, I won't be in a position to re-enter BTC. I'm so done.

"Not your keys, not your coins"

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

Sorry for your loss.
At least you learnt something.
Also, King bitcoin is a different breed: "There is Bitcoin, then there is Crypto".


There is no loss here, as you have learn a very useful lesson.

Since we are on-topic, let me shill a thread of mine on this matter:

FTX drama and it’s long term consequences: Bitcoin is a confidence Game

[Biodom]

What was the largest dip in anything that was then recovered above the prior ATH?
Here are my recollections (sorry, some utterances will be shitcoins just for their historical record):

1. AMZN, went down 95% in 2000-2001, went way up the prior ATH, took 7-8 years.
2. GME, down 95% between 2008 and 2020, then 116X.
3. AMC, down 94% between 2015 and 2020, then 28X.
4. TLRY, first long dip 97.5%, then 17X up (did not reach the ATH), then another 96% down (total down from the ATH to ATL was 98.1%), we shall see how it goes.
2. AAPL went down 82.5% between 1991 and 1998 (that bear seemed endless), got rescued by S. Jobs, now a biggest company (or one of top three).
3. ETH (see the disclaimer above) went down 95% inside 2018, ATH in 2021, 59X from the low.
4. ADA (see the same disclaimer) went down 98.4% in 2017-2020, new ath in 2021, 150X from the low.

I have never seen something/anything that declined more then 99% (not counting oil futures going to negative value) coming back to exceed the ATH, but would be interested if such situation existed.
Apart from ADA, 95% seems to be the most "something" declined before reaching a new ATH.

What i am getting at: at $1000 (someone suggested this number as a remote possibility), it would be about 98.5% down. 95% would be $3445, a match to march 2020 "mindrust wick"
If less than that 98.5-99%, then there are no records to suggest that recovery is possible (it appears to never happen before, unless you can find such record, without counting bankruptcy cases).

So, crying would be kind of appropriate, as in crying for ALL of humanity, imho, not just bitcoin (at or below $1000).

[cAPSLOCK]

Thought of letting y'all know... I lost a lot at FTX. Like really, A LOT. For a long long time, I won't be in a position to re-enter BTC. I'm so done.

"Not your keys, not your coins"

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

I am very, VERY sorry to hear this man.  Truly.  I hope you can see that what you have NOT lost is more valuable than what you did.  By a long shot.

You will be back.

[cAPSLOCK]

OK...  I obviously do not mind sharing crazy opinions...  so here's another.

We are standing on the threshold of the MOTHER of all short squeezes.

I just do not know how long it takes to cross that threshold. Could be longer than some of us have... could be faster than we would possibly expect.

You know what to do.

[Biodom]

Thought of letting y'all know... I lost a lot at FTX. Like really, A LOT. For a long long time, I won't be in a position to re-enter BTC. I'm so done.

"Not your keys, not your coins"

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

Man, this truly sucks, sorry for your loss.
The sad thing about it, it feels like we all are on a endless minefield. Or call it entropy, perhaps.
No matter how you try, you'll be blown up in eventuality.
If not on exchange, then because of some law change, $5 wrench, or because someone will hack Ledger, trezor, etc, or when suddenly, SHA 256 goes down.
The last one is probably farther away and arguably, could be cured.

[Biodom]

OK...  I obviously do not mind sharing crazy opinions...  so here's another.

We are standing on the threshold of the MOTHER of all short squeezes.

I just do not know how long it takes to cross that threshold. Could be longer than some of us have... could be faster than we would possibly expect.

You know what to do.

well, share the evidence for such upcoming squeeze.
or, is it just a feeling?
I don't feel any such thing at the moment, but don't feel bearish either.

[Biodom]

Thought of letting y'all know... I lost a lot at FTX. Like really, A LOT. For a long long time, I won't be in a position to re-enter BTC. I'm so done.

"Not your keys, not your coins"

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

Sorry for your loss.
At least you learnt something.
Also, King bitcoin is a different breed: "There is Bitcoin, then there is Crypto".


There is no loss here, as you have learn a very useful lesson.

Since we are on-topic, let me shill a thread of mine on this matter:

FTX drama and it’s long term consequences: Bitcoin is a confidence Game

I agree with the thoughts that bitcoin will come to the forefront, but the term "confidence game" is not really proper, i am afraid. Why?
Because it harks back to "confidence man" otherwise known as "conman". Not a good term.

[philipma1957]

OK...  I obviously do not mind sharing crazy opinions...  so here's another.

We are standing on the threshold of the MOTHER of all short squeezes.

I just do not know how long it takes to cross that threshold. Could be longer than some of us have... could be faster than we would possibly expect.

You know what to do.

Everyone  be like JJG and start a DCA today. As nike says just do it.

No fear just buy btc.

[ChartBuddy]

Explanation

[suchmoon]

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

I hope you didn't intend that to mean that this "FTX" thing could have been successful if not for one person. That's not how it works.

[aesma]

In a large picture, I am not surprised.
All those "financial" people know is fractional reserve system, which is a norm for banks, so they try to apply the same for bitcoin and etc., thinking that they are protected by the same "confidence" as tradfi.

At some point, when this got exposed, I assume that they tried to 'fix' the situation via direct inappropriate funds transfer, but the goose was already cooked.
Now, some are probably trying the outright stealing (hacks, inappropriate transfers, etc, etc.).
I am not sure where it will all end.
However, we need liquidity for bitcoin to cash conversion, but if there is no liquidity on any exchange, this could become problematic.

But exchanges aren't banks. In crypto we don't need banks, we are the banks. We do need exchanges, that do just that, exchange. If someone wants to do lending, do that on another platform, don't mix things up. A bank needs to lend because that's how it makes money. An exchange makes money by taking a fee on transactions, that should be enough.

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

Things go in cycles and the online world needs some decentralization brought back to it. Why would we want one "Metaverse" where you have to bow down before Zuck or risk losing everything you have?

I imagine it like internet, so an infinity of interconnected "miniverses" I guess. On an open source protocol.

[hisslyness]

Thought of letting y'all know... I lost a lot at FTX. Like really, A LOT. For a long long time, I won't be in a position to re-enter BTC. I'm so done.

"Not your keys, not your coins"

At the end of the day, I think y'all outperformed me. It'd not have happened if it weren't for Sam, though. But... whatever.

At first I thought you were being Bob and C&P Twitter quotes….

But…..

https://bitcointalk.org/index.php?topic=178336.msg60398049#msg60398049

You’re Not Joking!….

I am really intrigued as to what it is/was that made you trust FTX? Maybe it could help others in the future to avoid these [insert your own noun for fraudulent fuckers]

[xhomerx10]

Imagine coming across an Individual that can make ALL YOUR DREAMS COME TRUE. And you say FUCK YOU GO DIE TO HIM. Imagine that , cause it happend not too long ago 😁


Imagine saying FUCK YOU to a Genie 🤣

 ...and yet here you are begging us, like a masochist, to tell you again and again.  It'll never happen.  Get over yourself.

[fillippone]

Ouch!

This hurst so bad...

[ChartBuddy]

Explanation

[eXPHorizon]

Now i understand The Matrix and The God thing... when i watched Thor Love & Thunder it clicked. Now i know what i must do


Do you Choose Love or The Shadow Realm?




Noone needs you no more WO i mean not that anyone ever needed you just ur money. Beyond that there are actual people now who help and will help. xhomeyx i did not want to give you an response cause you do not deserve one but well... here is one nonetheless

[Torque]

OT: The rest of the world's financial markets are more connected to and dependent on China than we're led to believe.

https://www.zerohedge.com/markets/beijing-pivots-china-issues-sweeping-property-rescue-package-kickstart-economy