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

[eXPHorizon]

Explanation
Chartbuddy thanks talkimg.com

Who is ready for Vegeta?!?

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[cafter]

logged in now....
nice dump, nice volume, nice spike, nice liquidation of 500M

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Lucius]

I never thought we might have another chance to buy the dip before the halving event.
I had a couple hundred dollars, and it's set on 26K again!
Thanks to dumb people for giving us an opportunity to accumulate a little more.

You obviously thought wrong, and if you think this is the last chance to buy cheap coins before the halving, then let's say you think wrong again. There are still at least 8+ months until the halving and in that period anything can happen, but also halving does not automatically mean a bull run.

As for those you call "stupid people", I prefer to call them weak hands, but they are an integral part of every market - their loss is always someone's gain.

[BitcoinBunny]

I never thought we might have another chance to buy the dip before the halving event.
I had a couple hundred dollars, and it's set on 26K again!
Thanks to dumb people for giving us an opportunity to accumulate a little more.

You obviously thought wrong, and if you think this is the last chance to buy cheap coins before the halving, then let's say you think wrong again. There are still at least 8+ months until the halving and in that period anything can happen, but also halving does not automatically mean a bull run.

As for those you call "stupid people", I prefer to call them weak hands, but they are an integral part of every market - their loss is always someone's gain.

Many reasons why one might sell. Mostly weak hands probably as you said but some will have to or want to sell for other reasons.

In the UK for example many people who have mortgages will be seeing them increase by £100s every month, just because of centralist a hole bankers and useless politicians mismanagement of the economy.

If you have (spare) Bitcoin and ALSO have seen some of the on and off ramps close recently (PayPal -hopefully just temporarily / Binance / localbitcoins) I can definitely understand some of the selling, as frustrating as the price will be.

[LoyceMobile]

Dutch media says Bitcoin dropped because SpaceX devaluated their Bitcoin holdings by 370 million dollars.

I've decided to upgrade my Bitcoin holdings on paper to 5 trillion dollars. Let's see what it does to the market price

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Learn Bitcoin]

Dutch media says Bitcoin dropped because devaluated their Bitcoin holdings by 370 million dollars.

I've decided to upgrade my Bitcoin holdings on paper to 5 trillion dollars. Let's see what it does to the market price

Is the Cloudflare issue again?

Or it's obvious that you are on mobile and double-touched the post button  

[LoyceMobile]

Is the Cloudflare issue again?

Or it's obvious that you are on mobile and double-touched the post button  

Just shitty internet, that's all. I fixed it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Compromise me]

[Odohu]

Dutch media says Bitcoin dropped because SpaceX devaluated their Bitcoin holdings by 370 million dollars.

I've decided to upgrade my Bitcoin holdings on paper to 5 trillion dollars. Let's see what it does to the market price

The technical terminology they used for fiat to manipulate the system. I guess I have to devaluation my Bitcoin holdings on paper by 1 trillion dollars as well... let's all be funny then. 

[hafiztalha]

Back above $30,000 but still ranging between $29,500 and $31,800. It’s getting a bit boring but we’ll have a significant breakout within the next month or so. My bet would be to the upside.

Nothing else to say really, apart from buy any significant dip.

We’re in the first weeks of a new bull market, nothing exciting until 2024 unfortunately. Time to kick back and enjoy the rest of the summer.

 

[Lucius]

Many reasons why one might sell. Mostly weak hands probably as you said but some will have to or want to sell for other reasons.
~snip~

I think those who invest in BTC can be easily divided into two basic groups.The first are those who have certain cash reserves and have invested in BTC for the long term (4+ years). They literally don't care when this kind of market shock happens because they know that the loss will turn into a gain in the future. What's more, they will take advantage of these opportunities and buy more coins.

The second group are those who invest in BTC money that they may actually need at any moment, and react to any negative price change in fear that their say $1000 will turn into $950 or less. The philosophy of these people is to sell as quickly as possible when things go down, usually for some stable coin, and then wait for a new opportunity to enter.

When you wake up in the morning and you don't care if Mr. Mars dawned with a red or green dildo, and whether some big Chinese company failed, that's probably priceless

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Many reasons why one might sell. Mostly weak hands probably as you said but some will have to or want to sell for other reasons.
~snip~

I think those who invest in BTC can be easily divided into two basic groups.The first are those who have certain cash reserves and have invested in BTC for the long term (4+ years). They literally don't care when this kind of market shock happens because they know that the loss will turn into a gain in the future. What's more, they will take advantage of these opportunities and buy more coins.

The second group are those who invest in BTC money that they may actually need at any moment, and react to any negative price change in fear that their say $1000 will turn into $950 or less. The philosophy of these people is to sell as quickly as possible when things go down, usually for some stable coin, and then wait for a new opportunity to enter.

When you wake up in the morning and you don't care if Mr. Mars dawned with a red or green dildo, and whether some big Chinese company failed, that's probably priceless

Sure the classic "it takes money to make money"

Ie if I had 5 million in asset A and 20 BTC.

 I could give no cares about the 20 BTC as it is under 10% of my wealth.


If I have 1 million in total assets and 20 BTC is within the 1 million I would be nervous about that 20 btc as it is ½ my wealth

[machasm]

Well there is an almighty push down right now. just went below 25K.
Have we capitulated yet?

25K?  It didn't even make it down to 26K.

$26266 to be exact.

Funny how peeps just love to exaggerate during times like these?

Or alternatively, go to some non-referenced price ticker in order to select the price that best tells their story.\

Seems to happen every time, so not really that funny.


Ok... I will do it anyhow.. why not employ an emoji, or two, just for funzies?


 

Well there is an almighty push down right now. just went below 25K.
Have we capitulated yet?

25K?  It didn't even make it down to 26K.

$26266 to be exact.

My bad. Looked at the Bitfinex exchange instead of bitstamp. Rookie mistake doh!

You can say that again.

 

[edited out]

CMC confirms it dipped to $25,490.11

Fuck CMC.

Who gives any ratt's asses about what CMC says, if that happens to not be our official referent.

Maybe @JJG spoiled it with his unexpected sell at $130K...and we are balancing it out.

I kid, I kid.

For sure mine was a fluke.. and my fluke was right around June 20, 2023. . - so already 2 months ago.

EDIT: Btw, Mr market had a severe bitcoin dip in September 2015 just before the start of the real bull of late 2015-2017 (28 mo long, going from $190 to 20K or about 105X)

I recall that, exactly... and it does seem like a kind of similar pattern.. of sorts, even though none of them play out the same and even though there are a lot more BIGGER players in BTC these days, including various financial tools that they have and if the patterns largely still fit, then all of those financial tools and BIGGER players might well end up just washing each other out.

It's a wash.

You heard it here first.

Hey JJG Is it Thursday yet?

[BitcoinBunny]

Notice how we could be at 50K if it weren't for all the cunt scamming coins.

 

Probably even higher if it weren't for fucking bearded apes and whatever other tripe out there.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BobLawblaw]

Probably even higher if it weren't for fucking bearded apes and whatever other tripe out there.

I blame Kurt Wuckert Jr.