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

[ChartBuddy]

Explanation

[Gachapin]

The price is drifting upward now and the reality is setting in what just happened to FTX users. For some reason looking at the market now makes me feel like we’ve seen the bottom for the year. I’m feeling a bit regretful that I didn’t scoop up any BTC when it was in the $15Ks but still think this is a great entry price. With each passing day it feels like the worst is behind us and the start of a new cycle is here.

I feel the same. Hopefully we will see new bullish trend as I already filled my wallets.

I'm glad we got rid of that scammer sbf before he gets bigger, he could've been more dangerous to the crypto industry.

Does this "crypto industry" that you speak about somehow relate to bitcoin?

I couldn't even tell if it's in the room with us now

[Popkon6]

Bitcoin

Click to watch video
https://twitter.com/naiivememe/status/1597556347767492608?t=CMXRglqw5zu8qvy2u166OA&s=19

[philipma1957]

Delisting of ETC smacks of desperation for the sake of ETH

So by knocking out ETC they are likely trying to prop up ETH

It is also an Attack against POW coins in general.

There are 120th worth of gpus/asics mining ETC Up from 25th prior to Eth going POS.

This would be about 1,200,000 3080ti gpus

Smacks of Gaslighting. 

[psycodad]

I'd like to share the brilliant wisdom of the ECB with the WO. (You know the "whatever it takes" money printing and bond buying type of "experts"):

The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000. For bitcoin proponents, the seeming stabilization signals a breather on the way to new heights. More likely, however, it is an artificially induced last gasp before the road to irrelevance – and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000.

^emphasis mine

So, they are actually saying I'm better off with their shitcoin Euro?

* psycodad reconsiders for a moment - and discards.

I'll try that irrelevance thing.

[ChartBuddy]

Explanation

[El duderino_]

Made me laugh out loud

[bct_ail]

I'd like to share the brilliant wisdom of the ECB with the WO. (You know the "whatever it takes" money printing and bond buying type of "experts"):

The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000. For bitcoin proponents, the seeming stabilization signals a breather on the way to new heights. More likely, however, it is an artificially induced last gasp before the road to irrelevance – and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000.

^emphasis mine

So, they are actually saying I'm better off with their shitcoin Euro?

* psycodad reconsiders for a moment - and discards.

I'll try that irrelevance thing.

Good timing for a blog entry from ECB.
...I think the inflation rate in Europe will be quite high this month.

[ThemePen]

No green dildos… enjoy black ones

[AlcoHoDL]

No green dildos… enjoy black ones

Men think about sex every 6 seconds on average. So, no, if you don't see a sandal you don't need help, you're just a man.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[bitcoinPsycho]

The price is drifting upward now and the reality is setting in what just happened to FTX users. For some reason looking at the market now makes me feel like we’ve seen the bottom for the year. I’m feeling a bit regretful that I didn’t scoop up any BTC when it was in the $15Ks but still think this is a great entry price. With each passing day it feels like the worst is behind us and the start of a new cycle is here.

Here's the new cycle where cryptocurrencies are starting to collapse.  First Luna became a scam btc was 40k plus then.  From there, BTC came to $20,000 as a scam.  

But once again, FTX started dumping the Bitcoin market and it came to a lot of destruction.  And then all coins including Bitcoin are threatened.  Because the market was at a low level at the current level.
I think Luna and FTX are the two coins responsible for market dumping but cyclically the Bitcoin market goes up and down every four years.

You must be new here

[bitcoinPsycho]

BTC Bitcoin

What's this? I've never seen this before. Tell me more

[Torque]

Oh noes guyz, the ECB says that Bitcoin is "on the road to irrelevance" ! I guess it's over.    

European Central Bank says bitcoin is on the ‘road to irrelevance’
https://www.cnbc.com/2022/11/30/european-central-bank-says-bitcoin-is-on-the-road-to-irrelevance.html

[Torque]

If I remember correctly, Armstrong was a big supporter of BCH back in the days

Armstrong is a supporter of anything that lines his pockets

Rotate out failing shitcoins, rotate in brand new shitcoins. Same shit, different week.

Hilarious that they label them "assets". As in you've already lost your asses-ts on those shitcoins.

[ChartBuddy]

Explanation

[BitcoinBunny]

Fixed it for you

Oh noes guyz, the ECB says that Bitcoin is "on the road to irrelevance" ! I guess it's over.    

European Central Bank says bitcoin is on the ‘road to irrelevance’

Also the normally "liberal left wing" Economist has this image on its next edition:

[eXPHorizon]

Fixed it for you

Oh noes guyz, the ECB says that Bitcoin is "on the road to irrelevance" ! I guess it's over.    

European Central Bank says bitcoin is on the ‘road to irrelevance’

Also the normally "liberal left wing" Economist has this image on its next edition:

I do not think you Heard but Europeans LOVE Cold It is the Shabbans that hate it haha

[BitcoinBunny]

Also, f you France.
Offside. Hahaha!

 

Well done Tunisia!