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

[aesma]

Ouch!

This hurst so bad...

I'm constantly dumbfounded where these "SmARt CrYpTo BRos" think the free and easy interest money actually comes from. Trees, maybe?

And it turns out FTX/SBF didn't do that to really help these failing sites. It did that to get what funds they had :

https://twitter.com/AutismCapital/status/1591569275642589184

From a BlockFi employee: "The only reason FTX bailed us out was to get our user funds onto their platform to use in their shell game. They applied immense pressure to get BlockFi funds migrated to FTX custody. Employees were told by executives not to ask questions about the move"

[1713285560]

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[1713285560]

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[Gachapin]

Ouch!

This hurst so bad...

In one of his earlier podcasts, McCormack once admitted that he is dumb.  It was the one and only moment, when I found him reflecting my exact thoughts.

[Gachapin]

Ouch!

This hurst so bad...

I'm constantly dumbfounded where these "SmARt CrYpTo BRos" think the free and easy interest money actually comes from. Trees, maybe?

It's the very definition of a Ponzi.

math is complicated, man

[shahzadafzal]

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.

And remember this statement, it’s always true “Never invest more than you can afford to lose“.

[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.

And remember this statement, it’s always true “Never invest more than you can afford to lose“.

I am
going to change my signature to:
three rules of btc.
1) be like JJG just DCA
2) Never invest more than you can afford to lose
3) Not your keys not your coins.

[ChartBuddy]

Explanation

[BitcoinBunny]

[philipma1957]

It is not that bad. But it is a solid kick in the nuts.


My signature is now been changed to this:

3) Never invest more than you can afford to lose

2)Not your keys not your coins.

1) be like JJG just DCA

[JayJuanGee]

Post for those that don't understand commas?

I'm curious, does anybody actually still take this guy seriously?

Short answer:  Yes.

It is likely way more difficult to take you seriously.  Do you have some shitcoin that you would like to pump?

Do you believe that price action negates either bitcoin's investment thesis or the sound money thesis of bitcoin?

Probably you are not a good source to answer these questions anyhow - since you seem to want to be critical for the mere sake of it.    

He's become a parody of himself, and makes bitcoin look pretty silly to people who aren't maxis.

Yes.  If you do not understand what is bitcoin then it might well look silly.  Your seeming to believe that he looks "pretty silly" says something about you.

Its not about the current price of BTC so much as how vapid his pseudo-philosophical cheerleading one-liners are.

Yes.  People use one liners on twitter.  You had not noticed?

Much like Beyond Chicken, its not the kind of content I would care to rally behind.

When I first saw your fried chicken post, I thought that you were saying:  "Winner, Winner, Chicken Dinner."  So thanks for clarifying how fleshed-out profound were your thoughts on the topic.  

 

Huh..! Really missing these days. $46000.

As things stand, you will miss those days for a long time, because so many people have been wanting the price to drop as low as possible for months, and then when it finally happened, they want it even lower - and I personally have nothing against going below $1000, because then everyone will can earn their first BTC only through faucets in case it is too expensive for them to buy it even then.

gawd... even the WO seems to be full of bears...  bottom must be near

No more exchanges will fall. ...

Yes, the possibility is there.

You sound like you are absolutely certain..

With that kind of conviction, selling everything to buy back lower is the way to go, right?  ....right?

I rarely do all or nothing.

Some of us noticed.   You talk in absolutes, but your practices do not align with your words... which either means you are talking your books, or you are engaging in exaggerations.

That's how it appears to this here cat.

Since I am mining I am getting some coins.

My exchanges holdings are now over 70% real usd in a fdic insured account.  I.E. real usa cash on coinbase.

Sounds like too much cash to me.

Where's the beef?

lets say 3000  real usd on coinbase (random number)

and 300 usd in eth staked
and 300 in LTC which is how I pay simplemining monthly fees

and 300 in btc.

That's pretty fucking dumb, especially if you believe yourself to be a bitcoiner to have equal allocations in a couple of shitcoins, as if those shitcoins were even close to similar to bitcoin.

Seems a bit unfocused to this here cat.

rest is on a few real wallets stashed off line.

I have a weekly dca with coinbase for btc.

I have some mining earnings coming in.

I can buy btc on coinbase and move it off to a wallet  I hold keys to.

Of course, everyone needs to figure out their own allocations, including how much interactions that they want to be doing with exchanges, and how much value to be holding on exchanges.

Of course, I am repeating myself.. so why say more at this particular moment?

Post for those that don't understand commas?

I'm curious, does anybody actually still take this guy seriously?

He's become a parody of himself, and makes bitcoin look pretty silly to people who aren't maxis.

Its not about the current price of BTC so much as how vapid his pseudo-philosophical cheerleading one-liners are.

Much like Beyond Chicken, its not the kind of content I would care to rally behind.

I'm curious who the two goobers that look like they want a dick stuck in their mouths are and what they mean by the chicken crap (tendies referance?).

I dont keep up or know influencer (if thats who they are) bullshit.

I need this entire thing explained to me.

I doubt you "need" an explanation for some vacuous and meaningless image.. from a shitcoiner wannabe /  bitcoin naysayer.

[philipma1957]

Hey we are now under 16.0k

The meltdown is firing back up

I will be using some of my cash on coinbase to buy tonight.

Is this smart asian money selling off some more?

[HI-TEC99]

Hey we are now under 16.0k

The meltdown is firing back up

[JayJuanGee]

<...>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!

Whoa...


Bitcoin is dead?


Again?

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 🤣

Trolls are not Genie(s).. including (but not limited to) your dumb-ass self-absorbed lil selfie.

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.

Not happy to hear that.

It is difficult to know what to say..

There are quite a few of us who keep less than 50% of our stash on exchanges.. but I know that sometimes there can be slippery slopes in regards to trying to carry out various trades.

I still think that I have around 12 or 13% on exchanges, even though there were times in which I had something close to 50% on exchanges (and it may have been more than that because I was actually a little bit unclear that one way that I was holding some bitcoin actually had a private key.. but I did not realize that there was a kind of share arrangement, so some of the vulnerabilities can end up getting out of hand.

On the positive side.. you know about bitcoin and other people do not know about it.. like 99% of the world seem to NOT know about bitcoin (some of them think that they do), yet I understand that knowing about bitcoin might not be very helpful, if you put yourself into financial (and perhaps psychological) stress that could disallow you to be even able to take very modest DCA steps that might ONLY amount to $10 per week.. and then work your way up to $100 per week after a year or so?   Of course, you know your situation better than any of us regarding what you may or may not be able to accomplish.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

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

For sure, there was something weird about Sam and his whole situation (including going to supposed Billionaire status in a matter of months), and it is showing itself a lot more now..

funny how that works?


 

Who would'a thunk?

Oh, which by the way, reminds me that we do need to be taking responsibilities for our own actions.. --- are we really going to say to ourselves... I was gambling.. but "It was Sam's fault?"

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).

Besides your shitcoin talk.. bitcoin is a protocol and not a company, so your comparisons are likely not quite on point.

So, even if bitcoin were to go below $1k, it would likely have decent chances to recover and proceed to have new all time highs - that is if we presume that it largely remains what it is in terms of development and code...

So for example we could have a massively coordinated state attack that comes right now and makes all exchanges in the USA illegal (and perhaps in other countries too), adn that could drive the price below $1k, but it likely will not kill bitcoin, and bitcoin could end up reaching ATHs again in 10 years or so.  I am not even going to concede that it might even be feasible to attempt to coordinate such a wide-spread state attack without backlash .. but we should not rule out the possibility of such desperation attempts that truly may well cause a lot of backlash. .and even considerable division within this country and also in various places in the world.. for example, bombing El Salvador and things like that..

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.

I am not sure if I say that, exactly, but I do say that DCA tends to be amongst the best ways to get started in BTC, but then when we have been in a while we might have already spent a lot of time accumulating BTC - and we might supplement DCAing with buying on dip and lump sum investing, which sure are variations of DCA.. so I doubt that I am saying that there is any one exact approach.. even though I would say that there are target ranges of BTC accumulation such as somewhere between 1% and 25% for the newbie.. but then the longer that someone has been into bitcoin, they will need to figure out their own target accumulation level. which may well depend upon how long they have been in. and then also whether the BTC that they do hold are in profits, or not... and how much in profits... of course, these days, none of us are likely feeling greatly "in profits," even if we are actually "in profits".. but being down more than 75% from the November 2021 top is not feeling that great, currently.. .. which surely could inspire some buying on dip, and maybe DCA could be a way of "dealing with" the feeling of running out of money... because so many dips have already been bought.

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.

And remember this statement, it’s always true “Never invest more than you can afford to lose“.

I am
going to change my signature to:
three rules of btc.
1) be like JJG just DCA
2) Never invest more than you can afford to lose
3) Not your keys not your coins.

For the reasons stated in my above post (and probably other reasons to), I no doesn't talk like that.  DCA is one of the considerations.. and not just those other two considerations that you listed as your proposed sig, Philip.

[Dubaian]

#Bitcoin BTC

cryptoTea_

[HI-TEC99]

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).

Besides your shitcoin talk..

[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).

Besides your shitcoin talk..

I hope in relation to SBF, bro.
"if you prick us, do we not bleed?"

you cannot learn everything there is to learn about bitcoin by talking only about bitcoin.
Example: FTX debacle is outsize of btc domain, mostly, yet it keeps affecting it...just look at your wallet.

[HI-TEC99]

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).

Besides your shitcoin talk..

I hope in relation to SBF, bro.
"if you prick us, do we not bleed?"

you cannot learn everything there is to learn about bitcoin by talking only about bitcoin.
Example: FTX debacle is outsize of btc domain, mostly, yet it keeps affecting it...just look at your wallet.

We were warned about it in advance.



https://www.forbes.com/sites/stevenehrlich/2022/06/28/bankman-fried-some-crypto-exchanges-already-secretly-insolvent/

I was only joking about the batslap.

In relation to SBF I think this is more appropriate than a slap.

[ChartBuddy]

Explanation