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

[ChartBuddy]

Explanation

[1714566193]

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[1714566193]

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[1714566193]

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[d_eddie]

volatility is a thing today it appears....hang on to your pants gentlemen

Stop it will you? Last time one WOer talked about pants, I was left without them.

[goldkingcoiner]

With the mtgox funds on the move the market appears to be a little spooked that distribution is going to result in a price crash. Investors apparently trying to get ahead of this love caused a price drop of nearly 10%. Very interesting to see the market so sensitive to the news cycle. I guess people really think a lot of the gox BTC is going to hit the market.

It was bogus news.

https://decrypt.co/138086/bitcoin-plunges-7-in-an-hour-to-under-28000-as-mt-gox-us-gov-wallets-move

Bitcoin Plunges 7% in an Hour to Under $28,000 as Arkham Sends Erroneous Mt. Gox Alert
Blockchain analytics firm Arkham said wallets linked to defunct crypto exchange Mt. Gox and the U.S. government had moved large amounts of Bitcoin. But the alert was the result of a "bug fix."

Editor's note: This story and its headline were updated after publication to clarify that Arkham's Mt. Gox alert was sent out in error.

https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/

Bitcoin Collapses $2K+ After False Alarm Sends Traders Panicking

Editorial note (April 26th, 2023, 5:48 PM EST): A paragraph on Arkham’s statement was added.

We should write them a thank you letter for the cheap coin.

[BobLawblaw]

Stop it will you? Last time one WOer talked about pants, I was left without them.

https://www.imdb.com/title/tt0810709/
Pants-Off Dance-Off
TV Series
Shedding their clothes down to their skivvies while dancing to popular music videos gives some the chance to win bragging rights and cash.

[ChartBuddy]

Explanation

[HI-TEC99]

Observing $29k.

[AbuBhakar]

Hahaha. I didn’t sold nor purchased Bitcoin on the current bull run. I gain my Bitcoin through my signature campaign earnings that I’m still holding on my hardware wallet.

I post the picture of the chart as reference so that my comment will not be taken as I’m obsessed for Bitcoin to go down and made an introduction about TA as self fulfilling prophecy. Tbh, I really like to purchased Bitcoin on low price but I’m just trying to express what’s the best scenario for Bitcoin to pump organically ofc in my humble opinion.

But yeah, Pumping the price straight to 30K above is not a problem to me as well because I still hold my Bitcointalk Savings Bitcoin.  

Ok... Fair enough.  

Since we are in a public thread, sometimes there are needs to attempt to verify these matters and also to clarify.

One thing that I will point out (and highlight)...

Historically, some members have become somewhat obsessed with ideas that they need to preserve their KYC and to earn their bitcoin and a lot of that kind of bullshit that ends up causing them to fail/refuse to sufficiently/adequately stack enough cornz in the event that BTC prices might happen to end up going up.

Each of us needs to strive to figure out how much of my lil precious we believe to be enough to adequately/sufficiently prepare us for UP in accordance with our own circumstances, and in the event that up ends up happening.

and perhaps looking at it every quarter or two in order to consider if the amount should be adjusted upwards or downwards or whatever in accordance with ongoing assessments of the variables within personal financial and psychological circumstances.

Totally agreed on this. I already learn too much lesson on Bitcoin hodling. I always set aside Bitcoin that I purchased or accumulate on an air gap wallet and considered it out of the picture when I accumulate more for some time. This way, the price point which I buy my old BTC doesn't matter and have a fresh start on buying for the next batch and do some TA shit like what I did. This way I can be happy at the same time no matter what the price direction is because I already secured my position either way.

Buy when dump and sell when the price hit my target which is the new ATH. I set my sell order on new ATH while buy order on the short term that appropriate to the trend.



Someone playing on charts to cause a huge Doji on daily candle. Government, Binance, Mt Gox???


30K again!!!!

[Gachapin]

at least we could verify that there are plenty of traders going to dump when gox coins get released.

on top of that kind of dump real selling pressure from the gox coins themselves might occur.
 
But I doubt that even half (80k BTC) of the gox coins will be sold on the market.

Together with the silkroad auctions (41k BTC) let's say it might reach 80k-100k BTC sold over the time span of one year (that's about 3.0-3.7 months of mining rewards)

However, in comparison it won't be as critical as the Luna dump.  That time 80k coins were sold within just one week. price went from approx. 38k to 25k.  
So having about the same amount distributed over a year or so won't do much to the price I guess...

I'm much more concerned with the speculative selling, just like today.  That might affect the market more than the actual gox or silkroad coins.  



On the contrary, since today everyone will expect a massive dump when gox coins get released.  so the market might make an opposite move and pump.
but I'd give that scenario a way lower probability...

[HI-TEC99]

at least we could verify that there are plenty of traders going to dump when gox coins get released.

on top of that kind of dump real selling pressure from the gox coins themselves might occur.
 
But I doubt that even half (80k BTC) of the gox coins will be sold on the market.

Together with the silkroad auctions (41k BTC) let's say it might reach 80k-100k BTC sold over the time span of one year (that's about 3.0-3.7 months of mining rewards)

However, in comparison it won't be as critical as the Luna dump.  That time 80k coins were sold within just one week. price went from approx. 38k to 25k.  
So having about the same amount distributed over a year or so won't do much to the price I guess...

I'm much more concerned with the speculative selling, just like today.  That might affect the market more than the actual gox or silkroad coins.  


...

The government already dumped 10k silkroad bitcoins in March without crashing the market.

link

The government already sold around 10,000 Bitcoin in mid-March but that move had no significant effect on the market.

[Gachapin]

almost back to 30k...

damn sentiment...  too many market participants behave like a flock of scared pigeons

The government already dumped 10k silkroad bitcoins in March without crashing the market.

https://tokenist.com/bitcoin-collapses-2k-as-us-govt-and-mt-gox-wallets-allegedly-awake/

The government already sold around 10,000 Bitcoin in mid-March but that move had no significant effect on the market.

right.  it may have slowed the pump a bit that time, but nothing more than a blip... Now only 41k left to sell.

any US bank failing will produce way more buys than 10k imo


So gox and silkroad are pretty much a nothing burger... apart from the sentiment it might create... as seen today

[TrustedBitcoiner]

you guys watching this!  

https://www.youtube.com/watch?v=6lutNECOZFw

[ChartBuddy]

Explanation

[Torque]

When you will (soon) see the Tech sector begin to rally and take off, like it has in the past...

...then you will realize what all this silly ChatGPT/OpenAI/Bard shit over the past year has really been about.

All it will need is a little push (cheap debt).



_{plant the seeds...the next big thing...plant the seeds...}

[Mr.corol]

Bitcoin is math


Source. https://twitter.com/BitcoinNewsCom/status/1651391350900682752?t=3x9b7wwMfmmeNncwj_RwwA&s=19

[Gachapin]

When you will (soon) see the Tech sector begin to rally and take off, like it has in the past...

...then you will realize what all this silly ChatGPT/OpenAI/Bard shit over the past year has really been about.

All it will need is a little push (cheap debt).



_{plant the seeds...the next big thing...plant the seeds...}

[BitcoinBunny]

Farewell, dirty Dollar.

Argentina to pay for Chinese imports in yuan rather than dollars
https://www.reuters.com/world/china/argentina-govt-pay-chinese-imports-yuan-rather-than-dollars-2023-04-26/

[ChartBuddy]

Explanation

[hisslyness]

113 Coin Sell Wall Spoted @$29,215.00

[ChartBuddy]

Explanation

[Negotiation]

HODL $30k soon...