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

[El duderino_]

Imagine being somebody that sells BTC at $40,000 less than 100 days before the halving. Some people just can’t be helped and simply do not deserve the success that BTC brings patience.

I even include GBTC sellers in my disgust. Who cares about a 1.5% fee when you would then have to pay capital gains taxes.

Can’t wait for all the weak hands to hurry up and sell so we can resume NGU technology for the next 18-24 months.

HODL.

I can only hope for those who selling now to have a good plan or only sell bc they need something otherwise foolish

[1714288669]

1714288669

[1714288669]

1714288669

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[sirazimuth]

You want my name don't you?  

No am not
I'm Batman
The batman.
......

(And note the date. theymos has nothing on this dude when it comes to April Fools jokes.
notbatman ran this farce for almost four years and 800 pages before locking the thread. )

[ChartBuddy]

Explanation
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[Paashaas]

[ChartBuddy]

Explanation
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[JimboToronto]

Here is a topic that is of some concern:

https://studyfinds.org/no-cash-accepted-signs-bad-news/

Imho, it should be illegal NOT to allow to pay for anything with cash.
Hopefully, Congress would pass such a bill sooner than later.

Anyone with a brain should be able to see that credit cards are a scam. Debit cards are not much better.

There are no fees or interest charged on cash and no minimum balances are required. There are no records kept of times, places, amounts, purposes, or the names of payers and payees in cash transactions. In other words: no monkey business, everything straight and honest.

For decades I lived without bank accounts or cards. I only broke down and got a credit card to get a "free" t-shirt at the ballpark. I never expected them to give me an actual card with no bank account or job and I was surprised when they mailed me a card. I did find it made it easier to buy airline tickets and travel internationally but I still didn't get a bank account until I needed one to sell a couple of million dollars worth of Bitcoin and buy a lake.

Luckily, in our town in Mexico there are no banks or credit cards. Everybody uses cash. So civilized.

[MERlT]

Here is a topic that is of some concern:

https://studyfinds.org/no-cash-accepted-signs-bad-news/

Imho, it should be illegal NOT to allow to pay for anything with cash.
Hopefully, Congress would pass such a bill sooner than later.

Anyone with a brain should be able to see that credit cards are a scam. Debit cards are not much better.

There are no fees or interest charged on cash and no minimum balances are required. There are no records kept of times, places, amounts, purposes, or the names of payers and payees in cash transactions. In other words: no monkey business, everything straight and honest.

For decades I lived without bank accounts or cards. I only broke down and got a credit card to get a "free" t-shirt at the ballpark. I never expected them to give me an actual card with no bank account or job and I was surprised when they mailed me a card. I did find it made it easier to buy airline tickets and travel internationally but I still didn't get a bank account until I needed one to sell a couple of million dollars worth of Bitcoin and buy a lake.

Luckily, in our town in Mexico there are no banks or credit cards. Everybody uses cash. So civilized.

Anyone with a brain should be able to see that credit cards are a scam. Debit cards are not much better.

By Jove! Sherlock,.... I think you've solved it!

Joking aside, allegedly they do have a brain!... , however! you will see millions of them line up to vote! in the very tyrants that will implement and pass through the very policies that will subject them to the very subservient tyranny that you could fortunately swerve. Having a brain is overrated. 🤡   

[ChartBuddy]

Explanation
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[OgNasty]

I don’t understand why that guy isn’t in jail for his part of the Gemini Earn program collapse. I guess nobody cares about that for some reason. It gets swept under the rug quite a bit. As the battle for 40K rages on I think it’s only a matter of time before the market goes crazy. We just need to work through GBTC and mtgox. Soon…

[Gormicsta]

Short squeeze in the making or the beginning of hugely depressing spring/summer?
(wondering for a friend ofc)
Edited to add: Had to sell a tiny bit to pay insurances, so it could resume uppity now any moment.

The needing to sell a bit for some "extra" expenses seems like it should have been in the upper $40s, not in the upper $30s..
#justsaying

Thanks for pointing that out, it already began to dawn upon me but now I know for sure..
Then again, when the invoices start to change colors so to speak you can't wait any longer for the squiggly lines to please ones desires and wishes.

Though seriously, in the past it worked more often than not to wait as long as possible to sell for basic needs (a mandatory insurance is not exactly an "extra" expense in my book).
And I'd like to quote Jimbo here in my defense  (IIRC, apologies if I'm attributing this wrongly to him) : "Buy if you can and sell if you have to" and it was clearly a "have to" moment.

Remembering for what I buyed the sats I sold yesterday I'd like to quote the lil doggie too: "This is fine".

Let's say for example if we have an average cost of $1k per BTC or maybe even way less, as Jimbo proclaims to have something like 2 digits on his average cost, but anyhow, for the ease of illustration and maybe even to help guys to relate a bit, then maybe if you are currently around 40x in profits and in the whole scheme of things, it does not make very much difference if you ended up selling some of those coins in 39x profits or if you could have had gotten 49x in profits.

It's cool how you put things into perspective with your example. Someone would have still made a sizable profit even if they had sold at 39x profits rather than the desired 49x. It's critical to remember that timing the market precisely is impossible and that hindsight is 20/20. Furthermore, profits—regardless of whether they are 39x or 49x—are always positive.

[ChartBuddy]

Explanation
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[Gormicsta]

Greyscale will sell much more.

This is just the start of a soul crushing multi-month pre-halving correction.

Consolidation during summer.

It will go up again q4 with a possible ATH.

Real fun starts in 2025, until that happens i will remain extremely bearish.

Sorry..

The Bitcoin price is undoubtedly susceptible to the halving cycle, and there's a chance that the months preceding it will see some notable corrections. To be precise, do you genuinely believe that Greyscale's sales will have a greater influence than other factors, such as macroeconomic circumstances or overall market sentiment?
Again, It is highly likely that we will witness a consolidation in the summer. If this is the case, is now a good time to buy?

[ChartBuddy]

Explanation
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[philipma1957]

hey buddy you limp dick mofo.  Where is a 5k dildo what a puss you are.

[DaRude]

Greyscale will sell much more.

This is just the start of a soul crushing multi-month pre-halving correction.

Consolidation during summer.

It will go up again q4 with a possible ATH.

Real fun starts in 2025, until that happens i will remain extremely bearish.

Sorry..

The Bitcoin price is undoubtedly susceptible to the halving cycle, and there's a chance that the months preceding it will see some notable corrections. To be precise, do you genuinely believe that Greyscale's sales will have a greater influence than other factors, such as macroeconomic circumstances or overall market sentiment?
Again, It is highly likely that we will witness a consolidation in the summer. If this is the case, is now a good time to buy?

GBTC already lost about BTC100k and has about BTC500k left, it wont end tomorrow but it wont be as long as others say either

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

In any event, so far, as I type this post, we have a 21.5% correction from $49,048 to $38,505, and your chart is building-in a 42% correction for this (pre-halvening correction)

Sigh I thought 42% was the current fall.
Didn't really think it through
Goodness, today has really been hectic for me
Let it get to weekend I really need to relax.

Of course, if we were to measure from the 2021 top, then our current correction point would be right around 44% from $69k to $38,505.. but that likely is not what was being shown in that earlier chart which was a conjectured dip from the $48,048 price arena... which again would not be completely impossible, but I still would not give it greater than 50/50 odds, but hey what do I know.. I am not really that much into trying to figure out some of the short term ups and downs, especially since there are strategies that any of us can do in order to make sure that we are prepared for either price direction, depending on our own personal circumstances, which would include how many BTC we have already stacked in comparison to our other assets, our cashflow and other personal circumstances.

Furthermore, that tweet is extremely negative from the first few words. It's like saying here in the UK temperatures dropped to yearly lows yesterday. It's just stupid. The year just got started!

Not until you are about halfway through the year do I think it's acceptable to write stuff like "yearly lows" etc.

Oh you should follow that account dude he said a lot of negative about Bitcoin I don't know if he likes bitcoin or not but you can see the content https://twitter.com/WhaleWire
https://twitter.com/WhaleWire/status/1731573099642978458

When is such supposed MegaCrash going to happen?

Sounds like either wishful thinking or probably a low coiner or no coiner or someone who sold way too many coins too soon.

The current chart looks like the below.. which does not show any kind of crash yet.. and for sure not a mega crash.. it even looks like the first scenario could be closer to playing out rather than the second scenario.:


https://bitcoinwisdom.io/markets/bitstamp/btcusd

It would dangerous to overly bet on DOWNity, especially in times like these.. .if you know what I am talking about.