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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

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[WatChe]

https://www.youtube.com/watch?v=Wi60tvRwRlE

One thing for sure, those poor souls did indeed have the true Titanic experience and then some.

There is another incident in Mediterranean Sea where a boat carrying 750 migrants from different countries got sunk, only few survived while 500 still missing and are not believed to be dead. The boat has small kids on board too.

Irony is that survivors saying that Greece Coast guards were seeing the boat sinking but they didn't came for rescue. They were gong illegal but at-least the coast guards can rescue them from death and send them back to there countries.

With these people too many dreams of living a prosperous lives in EU got sunk in the Mediterranean sea.

https://www.bbc.com/news/world-europe-65942426

[Stavri]

[OutOfMemory]

Billions don't make you happy inside, they also don't give your life a (better) meaning.
No matter how much worth people had, some ended their life through suicide.

Hmm, I do believe that inner peace is important but sometimes it makes me really curious that a poor always anticipate money can fix everything which is also a familiar fact.
It really depends on the people in your circle.

To live peacefully we don't need Billions of Millions
Reflection of Million and Billion never let you live peacefully.

Right.
And here is the secret for happiness: Personal relationships of good quality. Share laughs, cries and love with people you are connected to.
Things and wins only make you happy for a short time.  You experience a dopamine boost, then comes the fall.
A manager i came to know once said to me that if you get over your successes in a humbly, quiet way, it won't deplete your dopamine and you're already set up for the next win.

/wiseass-offtopic-mode off

What's Bitcoin doing? Another bull trap? Many signals start pointing to an uptrend to suggested $30k, short consolidation followed by extended bullrun onset.
Historically spoken, $30k should be in when my monthly DCA fires, which is followed by the suggested correction shortly after    

https://www.youtube.com/watch?v=Wi60tvRwRlE

One thing for sure, those poor souls did indeed have the true Titanic experience and then some.

There is another incident in Mediterranean Sea where a boat carrying 750 migrants from different countries got sunk, only few survived while 500 still missing and are not believed to be dead. The boat has small kids on board too.

Irony is that survivors saying that Greece Coast guards were seeing the boat sinking but they came for rescue. They were gong illegal but at-least the coast guards can rescue them from death and send them back to there countries.

With these people too many dreams of living a prosperous lives in EU got sunk in the Mediterranean sea.

https://www.bbc.com/news/world-europe-65942426

While the data and witness reports revealed in the current investigations point to the coast guard being responsible for the ship tipping over by trying to tow them off international waters. just sayin...

[BitcoinBunny]

UK inflation holds at 8.7% despite all the interest rate increases so far.

I expect the Bank of England to go with a 0.50 raise tomorrow taking the base rate to 5%.

The housing market is collapsing regardless as new mortgage rates are above that, 6+%.

[eXPHorizon]

Explanation
Chartbuddy thanks talkimg.com

Bhahah Will the Forum block that website as well? 🤣 Losers... Imgur rocks it just does not like your litter on its website 😆

[cafter]

Bhahah Will the Forum block that website as well? 🤣 Losers... Imgur rocks it just does not like your litter on its website 😆

forum has not blocked talkimg, talkimg.com is down.

[eXPHorizon]

Bhahah Will the Forum block that website as well? 🤣 Losers... Imgur rocks it just does not like your litter on its website 😆

forum not blocked talkimg, talkimg.com is down.

Well that is dissapointing...

[nlovric]

US's launch its own Crypto Exchange

A group of significant companies, including Citadel, Fidelity, Charles Schwab, Virtu Financial, Sequoia Capital, and Paradigm, have joined forces to develop EDX Markets, a new cryptocurrency exchange. The exchange operates as a marketplace where customer assets are not directly handled, according to a non-custodial paradigm. Improved liquidity, aggressive quotes, and a distinctive trade execution arrangement are all goals of EDX. Additionally, traders will be able to settle trades matched on the platform thanks to the future launch of EDX Clearing, which was also revealed. Jamil Nazarali, the CEO, emphasises the need for a secure and legal bitcoin industry.

[HI-TEC99]

UK inflation holds at 8.7% despite all the interest rate increases so far.

I expect the Bank of England to go with a 0.50 raise tomorrow taking the base rate to 5%.

The housing market is collapsing regardless as new mortgage rates are above that, 6+%.

America's the same.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Unknown Op]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

Bhahah Will the Forum block that website as well? 🤣 Losers... Imgur rocks it just does not like your litter on its website 😆

forum has not blocked talkimg, talkimg.com is down.

You are not ignored yet. Quote the troll once more and be welcome to my growing list.

This place isn't what it used to be.

[fillippone]

Good morning,
Observing 28,892 @Stamp

Fat finger anyone?

Bitcoin Price Spikes to $138K on Binance.US

Bitcoin temporarily surged to as much as $138,000 on crypto exchange Binance.US earlier today in a sudden price wick on the btc/tether trading pair, exchange data shows.

[JayJuanGee]

I wonder what kind of stuff members would be doing with btc at $500K (10 tril)?
Make plans? Too early? 30 mo is just 2.5 years.

one step at a time bro

a new ATH at 70k next year
maybe 100k gets topped next year.

oh hats off to buddy 28k!

I was actually responding to the post by @OgNasty (without quoting it directly).
I can keep up the idea of both 70-100K next year and 500K in 30 mo in my head simultaneously, especially if it would result in the lack of premature selling at 70K, lol.

If we get to 70k and I am alive I am selling some. Not much but some.

How ironic that you, Philip, think just like a newbie.

Did you know that $70k is in the dead center of deadman's zone?

On a personal level, I do not change my already set sell orders or my already buy orders in any kinds of meaningful or material ways, but I also do not do the opposite in terms of selling more during a time that the price is likely to move up and pass through.. I also do not sell when the BTC price is going down... just saying... You surely have to do what you like, even if it is dumb.... relatively speaking.

but I suppose that if I were to make some kind of a large purchase using BTC or even fiat that is inside of my BTC trading accounts, then maybe I might feel that I need to adjust my buy/sell orders (and strategies) in order to attempt to account for some large purchase that I might have had ended up making..

Well I agree with your opinion, I think if you can specifically analyze you have a deep knowledge about Bitcoin, but with the current market conditions, it is natural that there are many people who would have the opposite opinion, because many people think that when some negative news comes out, the price of Bitcoin will go down. will go and they will have a new opportunity to invest more.

If I understand what you are getting at, you seem to be wanting to allow the news and those kinds of things affect your BTC accumulation strategy and then to potentially be fucking around with timing the market based on those kinds of ideas, and sure that might be a tiny bit helpful; however the thing that is most helpful is to figure out the totality of your own situation by analyzing each and every one of your own particulars which includes:

your cashflow, how much bitcoin you have already accumulated, your other investments (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Figuring out the news and short term moves happens to be towards the bottom of priorities, but also even if you might consider that to be one of the components that you need to consider, then it is ONLY one of the concerns, and you need to figure out the other matters respective to yourself and your situation, too.

It can be the case of any other token or coin but if we talk about Bitcoin only then it can be said that Bitcoin is not very easily manipulated. Because Bitcoin is ready to hold its position.

Ok.. fair enough.. I cannot really disagree with you in regards to those points, but still you have to figure out what you are doing, since whatever the fuck bitcoin is doing (or might be doing in the short term) still remains ONLY one small portion of the overall formula.

Secondly, I think it is better not to limit to just trading because when some bad times come, many will hesitate, and when one hesitates, the long term plan will be lost.

Well you are lost also if you believe that I am talking about or trying to suggest that it is a good idea to attempt to trade, especially if you are a newbie and even if you have been in bitcoin for a while, I doubt that I am recommending trading in the way that I suggest could be good ways to manage your BTC portfolio once you have reached levels of accumulation that are within your target level or perhaps exceeding your target accumulation levels.

So some of the most important things to do in the beginning is to establish your BTC accumulation target levels and then figure out buying strategies that will help you get there, whether DCA, lump sum buying and/or buying on dips... and then perhaps once you get to your BTC target accumulation levels then you likely have more freedoms to manage your BTC holdings in ways that might include selling on the way up and buying on the way down.. but still you have to consider your own circumstances to figure out if you need to abandon DCA or maybe to modify how you might employ DCA in the event that you continue to want to employ that.

Surely, I don't recommend selling in order to buy more BTC.. but if the BTC price happens to go down and you happen to have cash because you sold on the way up, then likely it is a good idea to figure out how to employ that extra cash that you had generated from BTC that you sold on the way up.  I would not call that trading (even though some people do call that trading) but instead a kind of BTC portfolio maintenance and even the creation of a kind of downside insurance (just in case).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

I responded based on the words of your post, and I did not assume where you were from - even though now you are disclosing that you are from a third world country.

It's no secret, to be honest. Everyone can see this from my post history since 30% of my posts are on my local board Thread.

So what.  More or less, I already said that I don't give any shits... and I did not give any shits at the time that I had made my earlier post.  I made my post based on the contents of what you had said rather than based on any presumptions about whether you are from the 3rd world or not.. even though now you are seeming to want to belabor the point... for what purpose?  who knows?  do you even know?n  Is it relevant to the topic, at least in terms of how I had chosen to draft my earlier response to you (and by the way we are on a public thread too.. so we are not writing personal responses - unless we want to go to DMs, and there does not seem to be any need for that)?

We might not know what is going to happen, but we have some pretty good ideas about bitcoin's likely direction.. even if we might not know details in terms of either price or time.. especially trying to pinpoint specifics -

Bitcoin sometimes followed previous patterns and sometimes did not. We have seen price hikes after each halving so we expect the same after the upcoming halving as well. But, we never know if it will happen exactly after the halving or not. It might take a few months or so. Maybe a year?

Well, hopefully whatever you are doing in terms of your bitcoin investment is not reliant on the price shooting up.. because it may or may not shoot up..

Yet, in your previous post, it sounded to me that you were preparing for down rather than up, and likely it is necessary to prepare for either down or up.. because we cannot be sure which direction dee cornz is going to go in the short term, and even that we could have a lot of uncertainty for many years into the future.

Let's say it this way. I am bullish but I don't want to expect too much from Bitcoin in the short term.

That's good.

Because if I expect too much and Bitcoin doesn't fulfill my expectations, I might be frustrated with that. I am not expecting to happen anything overnight. Even though I have a small portion (compared to most of you guys) of Bitcoin, I still consider myself Bitcoiner.

Is anyone suggesting that any strategy is based on how much you have?  You have to account for your own situation and to develop a strategy around your own circumstances, not the circumstances of other guys.

Sure if some guys (and gal) have been in bitcoin longer, then presumptively they have spent more time accumulating bitcoin, and maybe they have gotten closer to fuck yo status and maybe not.. There are a decent number of long term bitcoiners who have made a lot of mistakes along the way, and some have made more mistakes than others, so I would not paint all of the WO members with one broad stroke brush, as if we all fit into the same category... and even if we might have been here longer, it does not necessarily mean that we are ONLY writing to our own situation or that we no longer can relate to newbies or relate to the various turmoils of going through the BTC accumulation process.  Some of us might be able to relate better than others, and I doubt that we completely lose legitimacy, even if we might be holding a decent amount of BTC that might exceed the potentially current accumulation target of 0.21BTC.  I have already admitted to owning more than 0.63 BTC, and I am not necessarily moving away from that (even though I made such representation a couple of years ago and a lot has happened in the last couple of years in bitcoinlandia)...at least not at the moment.

I use altcoins too for various purposes. But, Bitcoin is the only coin that I consider an asset. I hope my standing is clear enough

Fuck shitcoins... but hey, many of us might have them, but they are not on topic here.

Your standing is about as clear as mud... if that helps...or even if your standing matters very much.

Of course, each of us has our particulars, and we might be here for various reasons, but this still is a place in which we can share information and bounce our ideas off of other members, whether they agree with us or not and whether they understand (or try to understand) the points that we are making (or attempting to make) or not.

(do any of uie-pooies need to know what is the deadman's zone?).

The dead man zone is the area directly around a bushfire that is likely to burn within five minutes given the current wind conditions or an anticipated change in wind direction. The distance this zone extends from the firefront is highly dependent on terrain, windspeed, fuel type and composition, relative humidity and ambient temperature, and can range from under 100 metres (330 ft) to well over 1 kilometre (3,300 ft).[1]

Now please explain the WO version of Deadman's zone.

There is no WO version of the deadman's zone.  There is no WO opinion, and each of us make our various points in terms of our own discretion.

If you want me to explain the idea of deadman's zone within my own reference, then it is the area that is surrounding the previous ATH .. so perhaps currently something like $55k to $90k will be an area in which the BTC price is likely to pass through quickly and you should not be selling much or a lot of your cornz in that range.. but hey you do what you like... it's a free country the last time I checked, and it does not matter where you happen to live... you have autonomy over your own actions and whether you choose to sell large amounts of your BTC at previous ATH price points, then that's your choice to enjoy getting reckt.. even though no one knows, and maybe you will end up being a genius for your actions.  Perhaps? perhaps?

Instead of being famous for "running bitcoin," like Hal Finney.. you might end up being famous for "learning bitcoin," no?  I could not resist saying it.

[WatChe]

While the data and witness reports revealed in the current investigations point to the coast guard being responsible for the ship tipping over by trying to tow them off international waters. just sayin...

That may be one aspect also.

Majority of people who died in this incident are from my country aka Pakistan and there were few survivors also. The survivor are telling horrible stories and one is that coast guard were continuously monitoring the ship while it was stalled at one point for 5 to 6 hours but they didn't came near.

I feel sorry the way these people died.

[Learn Bitcoin]

By the way,..... I would like to mention:

Some of you may know that a bit over a week ago, Binance US had stated that it may lose its banking services, so it suggested that either people withdraw their USD or convert them over to USDT.

I converted all mine over to USDT and then re-established my buy/sell orders on Binance US as part of the BTC/USDT pair, and so it was a bit strange that about 3.5 hours ago (calculated from the time of this post), I was waiting for my sell order at $28,900 to fill, and then all of a sudden all of my orders filled from $28,900 all the way up to $129,400... .. and there was some kind of a fat finger or something, and then the price moved back down to $28,800-ish... so I bought back all the BTC that I had sold (plus a little extra), and reset my BTC sell orders and also ended up with some extra USDT out of the deal, too.. ..  I don't really want to disclose the amounts, but it surely adds up... and I have not exactly added it up.. I suppose that I could do some math at some point.

Are you still using Binance US?
I mean knowing the risk that there might be a problem anytime soon (might not be) and still using it. I won't say it is too smart to continue using Binance now. Especially Binance US. Imagine you were swapping your coins, and suddenly it went down. You will blame yourself, and it will remain the dumbest decision for you to use Binance US, knowing there is a problem going on. I hope nothing will happen like this. But nobody knows.