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

[ChartBuddy]

Explanation

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[cygan]

[ChartBuddy]

Explanation

[Torque]

Ah...a glorious hit piece article.  So the bottom is in then?

Op-ed: Cryptocurrency isn’t a smart investment — and hasn’t been for a while
https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

[ImThour]

Who else was blessed enough to buy this 2022 dip?
I waited for this for months but didn't expected it to go below $18k.

Simple math, If you buy today BTC worth $1k, it will be worth $2k when BTC goes 50% down from ATH ($33k)

[Lucius]

At the moment it looks Coinbase is the largest holder at the moment.

To me, this is a bit suspicious information, because maybe some 2-3 years ago there was information that Coinbase only had a little less than 1 million BTC in its possession, and now suddenly that number becomes twice as large. This is, at first, very worrying information, considering that so much BTC is in the custodial wallet on only one CEX, and on the other hand, maybe it's just a matter of showing strength in front of the competition.

I expect other big CEX CEOs to come forward and post their numbers, just let them make sure that the total number of BTC they keep does not exceed the 19+ million that have been mined so far

[ChartBuddy]

Explanation

[eXPHorizon]

Buddy says that the Atmosphere in Qatar Fifa is so fake and sad he went home ..

Cant wait 2026 Fifa USA-Canada . That is when the ground miles around will shake and voices can be heard miles .. it will be GLORIOUS

The chant will be UNITED, UNITED, UNITED (Shakes the ground)


https://www.youtube.com/watch?v=SeK1SKerOiQ

Gotta make one for 2026 for UAE 

[JimboToronto]

Ah...a glorious hit piece article.  So the bottom is in then?

Op-ed: Cryptocurrency isn’t a smart investment — and hasn’t been for a while
https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

Not one barely any mention of Bitcoin in that article.

Unfortunately many people still confuse Bitcoin and "crypto".

[ChartBuddy]

Explanation

[WatChe]

Ah...a glorious hit piece article.  So the bottom is in then?

Op-ed: Cryptocurrency isn’t a smart investment — and hasn’t been for a while
https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

Not one mention of Bitcoin in that article.

Unfortunately many people still confuse Bitcoin and "crypto".

The referenced article do says few negative things about bitcoin :
"Between 2010 and 2022, bitcoin recorded 29 episodes of drawdowns of 25% or more. By comparison, equities and commodities recorded just one each. Even in the pandemic-related market sell-off of March 2020, bitcoin suffered significantly deeper drawdowns than conventional asset classes such as equities or bonds.
Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. "

IMO these are just what people are saying about bitcoin since its inception. They saying how many times bitcoin fell not how many times it went up.

[eXPHorizon]

I think people do not understand that Crypto and Bitcoin is one and the same Protocol. But shut their eyes to the truth and promote Lies instead

[philipma1957]

Ah...a glorious hit piece article.  So the bottom is in then?

Op-ed: Cryptocurrency isn’t a smart investment — and hasn’t been for a while
https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

Not one mention of Bitcoin in that article.

Unfortunately many people still confuse Bitcoin and "crypto".

The referenced article do says few negative things about bitcoin :
"Between 2010 and 2022, bitcoin recorded 29 episodes of drawdowns of 25% or more. By comparison, equities and commodities recorded just one each. Even in the pandemic-related market sell-off of March 2020, bitcoin suffered significantly deeper drawdowns than conventional asset classes such as equities or bonds.
Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. "

IMO these are just what people are saying about bitcoin since its inception. They saying how many times bitcoin fell not how many times it went up.

Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. 

If lying about Pow vs Pos was properly punished the Piece Of Shit that wrote this would suffer the torment of Prometheus 3 fold in that their liver and their testicles (or ovaries) would be devoured and regrown every day for all eternity.

https://en.wikipedia.org/wiki/Prometheus   the story is on wiki

[cAPSLOCK]

BREAKING: Twitter Break-In.

^Please pardon the pun.

This Tweet is from a suspended account.

This is one reason twitter sucks.

If this isn't censorship, I have no clue what is.

Free speech my ass.

Here it is for anyone that missed it.

https://web.archive.org/web/20221124003626/https://twitter.com/chadloder/status/1595557696131911680

Yeah.  There is no way a centralized control can produce a truly free result.  Mastodon is maybe the answer. 

I do think Musk is doing more good than bad, but there is bad too...

[ChartBuddy]

Explanation

[JimboToronto]

Ah...a glorious hit piece article.  So the bottom is in then?

Op-ed: Cryptocurrency isn’t a smart investment — and hasn’t been for a while
https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

Not one mention of Bitcoin in that article.

Unfortunately many people still confuse Bitcoin and "crypto".

The referenced article do says few negative things about bitcoin :
"Between 2010 and 2022, bitcoin recorded 29 episodes of drawdowns of 25% or more. By comparison, equities and commodities recorded just one each. Even in the pandemic-related market sell-off of March 2020, bitcoin suffered significantly deeper drawdowns than conventional asset classes such as equities or bonds.
Environmentally, even if the transition from proof-of-work to proof-of-stake that ethereum is spearheading reduces the massive energy consumption underpinning crypto mining and validation, bitcoin — which represents about 40% of current cryptocurrency market cap — will continue to use a validation process where a single transaction requires enough energy to power the average American home for two months. "

IMO these are just what people are saying about bitcoin since its inception. They saying how many times bitcoin fell not how many times it went up.

Oops. Totally missed the part after the annoying ad.

[Hueristic]

Yeah.  There is no way a centralized control can produce a truly free result.  Mastodon is maybe the answer. 

I took a cursory glance at it but apparently whoever runs the instance can spy on everyone so not seeing a solution there.

[Biodom]

Why are you taking too much risk?
...You might be infected with a parasite...lol

https://www.france24.com/en/live-news/20221125-wolves-emboldened-by-parasite-more-likely-to-lead-pack-study

Relax...true for wolves, unknown for people, but, apparently, 30-50% of people are infected by it.

[WatChe]

Oops. Totally missed the part after the annoying ad.

The article just telling one side of story:
With more than $2 trillion in cryptocurrency value wiped out since the 2021 high-water mark https://www.cnbc.com/2022/11/25/cryptocurrency-hasnt-been-a-smart-investment-for-a-while.html

It completely missed out the other part aka how the market cap of crypto reaches 2 trillion and how much profit it gave to investors?

If lying about Pow vs Pos was properly punished the Piece Of Shit that wrote this would suffer the torment of Prometheus 3 fold in that their liver and their testicles (or ovaries) would be devoured and regrown every day for all eternity.

https://en.wikipedia.org/wiki/Prometheus   the story is on wiki

I read somewhere very early that PoW and PoS are two ways of climbing the same mountain. May be someone agree too or correct me.

[eXPHorizon]

Those wolfs are just Enigmatic 😁




Well set out on a great adventure beyond your wildest imagination!


It is like this , The best are begging to join us while the scum is against us