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

[JayJuanGee]

It is crashinng yaaay. ETFs gonna be declined cause they need to decrease inflation. weeee

Good time to buy, no?


What if you don't have any cornz?

Good time to get some in case it catches on no?


On the other hand if you already have some cornz, then it would be under your complete discretion whether or not to buy more at these prices.

We are not quite out of the "don't wake me up zone" yet.. but  we surely have been getting close, and I though that our lil bart run.. had at least provided a bit of a cushion towards the bottom of the zone.. but seems that we are close to back to where we were just a day and a half ago.. so that ended up being a pretty short run.. but it does not necessarily signify that the "only way is down" from here.

But hey.. getting hard to know.. but chances for up versus chances for down?  how would we place those?  50/50 or might we be leaning more in one direction than another?..

By the way.. it looks like the ETF decision was just delayed for the BTC spot ETFs that were coming up for a decision and with deadlines that were coming up for this weekend, but their actual denial is far from certain... and I doubt that the BTC price needs approvals of any spot ETF in order to actually pump from here.. especially if anyone considering getting into BTC might have a longer investment timeline.. even a couple years of a timeline might still work out in terms of potential dollar price appreciation,..

buy hey.. believe whatever you like in regards to what might happen with the prices of dee cornz in the coming 2 years or so, and fail/refuse to stack some sats at these here prices if you believe that they might not be low enough 4 uie pooie... not that grandma is able to actually give an allowance, and it is not easy to sell milk and cookies.. especially if grandma catches you then you might get cut off and have even nutrition than happens to be your current status.

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[eXPHorizon]

It is crashinng yaaay. ETFs gonna be declined cause they need to decrease inflation. weeee

Good time to buy, no?


What if you don't have any cornz?

Good time to get some in case it catches on no?


On the other hand if you already have some cornz, then it would be under your complete discretion whether or not to buy more at these prices.

We are not quite out of the "don't wake me up zone" yet.. but  we surely have been getting close, and I though that our lil bart run.. had at least provided a bit of a cushion towards the bottom of the zone.. but seems that we are close to back to where we were just a day and a half ago.. so that ended up being a pretty short run.. but it does not necessarily signify that the "only way is down" from here.

But hey.. getting hard to know.. but chances for up versus chances for down?  how would we place those?  50/50 or might we be leaning more in one direction than another?..

By the way.. it looks like the ETF decision was just delayed for the BTC spot ETFs that were coming up for a decision and with deadlines that were coming up for this weekend, but their actual denial is far from certain... and I doubt that the BTC price needs approvals of any spot ETF in order to actually pump from here.. especially if anyone considering getting into BTC might have a longer investment timeline.. even a couple years of a timeline might still work out in terms of potential dollar price appreciation,..

buy hey.. believe whatever you like in regards to what might happen with the prices of dee cornz in the coming 2 years or so, and fail/refuse to stack some sats at these here prices if you believe that they might not be low enough 4 uie pooie... not that grandma is able to actually give an allowance, and it is not easy to sell milk and cookies.. especially if grandma catches you then you might get cut off and have even nutrition than happens to be your current status.

[ChartBuddy]

Explanation
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[dansus021]

Whattt the heckkkkk is going onnnn? 

[JayJuanGee]

[edited out]

I am sure Phil is with you, and he would like to be able to replace some of the cornz that he sold around those $20k prices - even though you (or even he) may well end up being too greedy since the prices might not even go below $25k.. and then they gotta go below $22k before they would even get to $20k..

I am not sure at what point anyone who sold around $20k would feel like buying back.. especially if they have held out this long.. they might not buy back even though it would seem to be an obvious opportunity, and we have seen some forum members do that in the past, even though Phil sometimes might not do the right thing, he does not seem to be as jaded^** about BTC like some of those who are complaining about certain prices and then failing to act.. and you might actually be one of those, supposedly based on your getting screwed from the February 2014 MTGOX shut down and then subsequent not opening back up, if we can believe anything that you say.

**Yes, I know Phil is a BTC miner, so it would be quite difficult to argue him as jaded instead of just being a business man who sometimes cannot get too far removed from thinking about his various assets in terms of their short-term dollar values.. and the jaded ones tend to be the ones who are either overall bearish about bitcoin, so they have a certain target price that they want the price to drop to before they buy which causes them difficulties buying back even during steep BTC price dippening times.

Whattt the heckkkkk is going onnnn?  

That be called a bart... very easy to see, even from a reduced version of the chart that you provided

[ChartBuddy]

Explanation
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[jojo69]

[ChartBuddy]

Explanation
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[pakhitheboss]

That is some deep thinking! The line says where everyone would go first.

[ChartBuddy]

Explanation
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[goldkingcoiner]

Whattt the heckkkkk is going onnnn?  

SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity
 Source: Coindesk

I told you guys they are going to stall until they cannot stall anymore. Now is the time to buy up cheap coin. When that barrel bursts, ETFs will come flowing one after another.
Zoom out and stop panicking.

[philipma1957]

Just did a buy today

[Biodom]

I told you guys they are going to stall until they cannot stall anymore. Now is the time to buy up cheap coin. When that barrel bursts, ETFs will come flowing one after another.
Zoom out and stop panicking.

Who's panicking?
It makes perfect sense for them to delay so some "players" can load up to the halving.

Btw, someone (@jbreher?) said that GLD did not sell off after the ETF approval, but went up.
That is almost true as it declined from 44.4 to 41.3 (about 7% ) between Nov 2004 and Feb 2005, then did not go much up (if any) until about 9-10 mo later, if I researched it correctly.
Not sure what to expect from bitcoin ETF. Imho, if not much appreciation before the decision, then there will be no appreciable selloff.
In any case, I expect prices at least 3-4 times higher (and maybe much more) from the moment ETF is approved to 3-3.5 years later (in comparison, it took GLD 7 years to 4X).

[ChartBuddy]

Explanation
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[AlcoHoDL]

[...]

I told you guys they are going to stall until they cannot stall anymore. Now is the time to buy up cheap coin. When that barrel bursts, ETFs will come flowing one after another.
Zoom out and stop panicking.

Not panicking. Who in their right mind would sell any amount of coin below $100,000 anyway? So, $20k, $30k, $60k are irrelevant (to me at least). In fact, this is one of the few remaining opportunities for no/low-coiners (and even bigger players) to stock up.

Let the badger do its thing, be patient, less than 2 years remaining for 6-digit territory (Crystal Ball^TM guaranteed).

All good.

[ChartBuddy]

Explanation
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[philipma1957]

Fucking buddy take another break.

the lead is under 1000 posts.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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