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

[philipma1957]

corn is on sale today get yours.

[BitcoinBunny]

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.


#LifeGoals

Edit: terrible maths...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[DaRude]

We hit current price (~$68k) back on March 4th. Since then, in those 10 days while price didn't change ETFs scooped up BTC66k while only BTC9k were mined, meaning BTC57k were cashed out and sodled to ETFs, which i'm sure they're thankful for. As long as ETFs are taking in more than ~BTC400/day there's only one way this can go.

[bitserve]

Believe it or not, this kind of "more solid dump" is good for the price in the long (in this cycle) term. As much fun as a continuous ATH is, the reality is that price overheating "too much too fast" usually ends bad.

This is -perfectly- FINE.

[OgNasty]

Believe it or not, this kind of "more solid dump" is good for the price in the long (in this cycle) term. As much fun as a continuous ATH is, the reality is that price overheating "too much too fast" usually ends bad.

This is -perfectly- FINE.

Yes. This is the market’s way of making sure that nobody gets a free ride. Too many people see the price going up and dump in some money with ridiculous leverage trying to become overnight millionaires. That isn’t fair for the rest of us who have stacked for years, so the market wipes out all leverage any chance it gets. This is just so longtime Bitcoiners don’t have their lunch eaten by fly by night gamblers posing as investors.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[gallianooo]

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.


#LifeGoals

Edit: terrible maths...

Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).

[BitcoinBunny]

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.


#LifeGoals

Edit: terrible maths...

Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).

Those bastards. 

[gallianooo]

Pretty sure this is "usual" selling, the momentum has slowed down since $60K/March, around $800m long liquidations in past two days, and now wicked off 20 DMA around $66K, which is basically the first level of real support (and hasn't been testing since late Feb when price bounced off it). Price still looks bullish above $60K, even if there could be concern over a fake-out high at that level, it's too early to tell.

I think sometimes we forget that even in late 2020, after reaching close to ATH, there was still a couple of weeks of consolidation and wicks to the downside (upto -16%, similar to last week), especially when in considerably overbought territory like we were back then and are still in now. Would of been better to see the correction prior to new ATH rather than after, but you get what you're given.

Yup, because only few can imagine another "fake" new ATH like we got november 2021 (+9%) compare to the previous ATH of May 2021.

Would be probably the 'biggest' pain and disillusionment for all long term HODLers.

Fortunately, this scenario seem to be unluckly, even if i dont like to see these fake/weak new ATH and down then.. Let'see, BTC always full of surprise.

[gallianooo]

It currently costs 8 BTC to buy a property in Portugal to get a golden retirement visa.
This is a big change from last year at about 25 BTC for a large part of the year.

Once it costs around 0.5 BTC I'm off and going to enjoy better year round weather.


#LifeGoals

Edit: terrible maths...

Yes but please note that real estate investment in LISBON is not anymore an option to get the Golden visa in Portugal (they removed it last november). Same for NHR tax scheme from 1/1/2024 (except for the current beneficiaries of this tax scheme, valid for 10 years).

Those bastards.  

For the Golden Visa, i am honestly agree with them. Lisbon is a really small capital. Only 500K people. Already LOT of airbnbs there as it's one of the only capital in Europe you can enjoy to visit almost all around the years, and already lot of Americans, indians, brazilians, russians too (before the war) bought flats in Lisbon by overpaying (at this time) to get the golden visa and pressure the market to higher.

Problem is Portugal is still a 'poor' country, minimum salary is around 800€, even with good position you will not get 2/3K+. If you want to get a decent 2BR flat in a central area in Lisbon, you have almost nothing below 2K+ a month. It's currently in Europe the most unbalanced between salary/local standard of living and rent/property price.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

Pre-halving crash to sub $60k ore even $50k initiated.

Seems a bit wishful.

Yes.  Sure it could happen... maybe less than 40% odds.. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vroom]

fat finger BTC/EUR order on bitstamp it crashed from 63k to 54k

[UnDerDoG81]

Smells like a fake pump bull trap. Or is it called bear trap?

[JimboToronto]

Good afternoon Bitcoinland.

Nice little reverse bart... down $7k and back up $5k.

What a ride. Yee haw.  

Edit:  And then down $1k.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com