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

[JayJuanGee]

Is it time to declare war on Germany yet?

Looks like Germany scared a lot of people to selling their coins.
Only the Real Gs knows it's time to hodl cos the bull hasn't shown effect yet.

What is your evidence for your proposition?  Sure the price dropped a bit, but still how can you determine who is selling and who is buying?

If you noticed, after the German move the price drop wasn't as huge as this. And If you go through live charts the sell candles are more than the buy candles.

I don't know how to post images now I would have shown some more information.

Sure, you could be correct, yet the mere existence of candles in either direction does not tell any of us who are the buyers and who are the sellers of those coins, and of course, whenever the BTC price drops there tends to be a large amount of coins that are dumped at one time in order to get the momentum going, which tends to tell me that some individual entity or person might be dumping and trying to get others to follow rather than the sales being organic or grass roots, but it does not necessarily mean that others had ended up following in the sales, especially if the BTC price does not necessarily stay down after the dumping period.  

It seems to me that you need to explain better in regards to how you might know that scared people are selling their BTC rather than just ongoing attempts that BIGGER players might engage in to try to get normies to sell their cornz, in the event that you believe that you have some kind of convincing evidence that such a thing is even happing.

Of course, we might go back to the beginning of July too and describe the drop from $63,794 (July 1) until our current price of $56,700-ish and we might attempt to explain who is selling from then too.. or maybe you want to say that the selling that took place between around July 1 and the low on July 4/5 $53,550 was the evidence of the "scared" folks selling during that period of time that shows who were then selling?  or are you referring to something else?  

Maybe you can specify the dates of the German's moving the coins to the extent that any of us care, and the supposed BTC price drop that took place?  You don't have to show the actual chart if you are able to explain it, and then try to figure out who was selling their cornz and if whatever BTC selling that took place during the purported relevant time even matters, and probably it will especially end up not mattering too much if the BTC price recovers from here (or would it?).. yet on the other hand, if the BTC price dumps further from our current mid $56k-ish, then maybe that could matter in terms of what might have had sparked the dump, but then the supposed scared ones who were supposedly dumping out of fear would then end up being both correct and potentially able to buy back their cornz at lower prices, and that would not work out very well for the ones manipulating the BTC price dow, would it? unless maybe we were to get to some even greater lower prices that might get within 25% of the 200-WMA, which the 200-WMA is currently in the ballpark of $36,666.66.. so yeah if we start to get with 25% of that, then that would be in the ballpark of $46k.. so maybe that would be lower than many of us expect to happen, but still not sure if that would be the end of the world, just merely further opportunities to buy, and I doubt that we would be knocked out of our current bull market, depending on how low the BTC prices might end up going and how long they might stay down at those seemingly lower than current prices, that is if any of such further corrections were to happen.

As I write this, I am starting to feel like I am in the midst of mostly a meaningless conversation about supposed BTC price moves that likely do not matter too much (in other words we are talking about BTC price moves that may well be in the ballpark of ants.. in other words, noise).

Yes.. I agree that there might be some coordinated selling and BIG announcements that are trying to scare some BTC HODLers (or weak hands) into selling their coins, yet you seem to be largely just blanketly accepting that the efforts of the German beartwats and/or any other coordinated efforts have been successful, and to me it seems a wee bit too early for those kinds of assumptions, but maybe you are just in the business of propagating these kinds of stories that your handlers want you to spout out about without any meaningful evidence beyond your spinning the matter and repeating what other propagandists are proclaiming to be happening.

[wavessurfing]

following announcements by his candidate, this is a positive event for future action:

https://nitter.poast.org/WatcherGuru/status/1810384049543795137#m

JUST IN: 🇺🇸 Republican National Committee approves draft of party platform to defend the right to mine and self-custody #Bitcoin

[ChartBuddy]

Explanation
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[ChartBuddy]

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[JayJuanGee]

[edited out]

I get your point, though we can't really tell who is buying and selling from the charts as much as we can say ,both buying and selling is what tilts the price of BTC.
The present dump could definitely be a scheme for some whales to make more off the fear of new investors. The truth is some people still fell for the recent dip and out of fear sold their coins.
Most people can just make it the right time to accumulate more coins others fell for the move the German government made.

Yeah, but so what?  there are always going to be such folks, and there are probably better ways to proclaim that you are on the right side and you are not getting fooled rather than to emphasize that there are a lot of scared people out there, which I really doubt that to be the case, and this whole dump still remains a BIG SO What?

Yeah, we got down to $54,296 so far from our high of $73,794 in mid-March 2024, so it could be argued that we have reached nearly a 26.5% correction from the March 2024 top, and surely that can be frustrating to some folks and also frustrating for anyone getting into bitcoin within the last 6 months or so and who might have had been expecting BTC prices to go up rather than down and/or sideways, but what else is new?  There are even longer term bitcoin holders who get impatient with the failure to go up, so they likely even get more frustrated with sideways and worse yet downity prices... and again, so what?

Personally, I have some difficulties getting too excited about your point and any inference that you might want to make that you are on the right side since you had not sold.. if that is the point that you might be wanting to make, but you did not really say anything about yourself.. (when guys in this thread don't even know who you are), so instead you want to point at the various losers out there who are not able to hang onto their coins, which surely those kinds of folks likely exist, but I am having troubles considering them to be a very large group right now and also trouble relating to any point in which you are wanting suggest that OGs are less likely to fall for whatever downward that we have gotten so far as compared to some newbies, but still a BIG generalization, since even OG's will sometimes get impatient and do things that seem to be weird in terms of selling some of their coins. and they might want to lock in their profits, so yeah, sometimes the various FUD might work to shake out some longer time HODLers too... to the extent that any of this discussion is even very helpful in terms of understanding where we are at and where we might be going and/or if most of us have been buying this dip or just waiting it out or what.. I hate to overly generalize regarding what everyone is doing in regards to their BTC accumulation or their stack maintenance or wherever they might be in regards to these BTC holding matters.

Personally, I buy on the way down and sell on the way up, so largely I had been buying since the more recent high of $71,958 at the end of May, and maybe I had a few sells on the way back up and then continuing to buy, so the way that my buys are currently structured, I am buying more than I am selling even within each increment.. but whatever, I have my own strategy structured on longer term maintenance.. and largely reaching my accumulation goals prior to the 2017 price run.. but still I guess I am still playing around with maintenance and even mostly finding balances that are largely comfortable for my own finances and psychology... which surely differs from any of the more recent BTC accumulators, including anyone who might not have even gotten through a whole BTC cycle, yet...which largely I suggest for anyone in bitcoin for less than a whole cycle to be mostly focused on accumulation, unless they had been able to front-load their investment and accumulate enough or more than enough BTC for their circumstances to change them to a different approach to their BTC.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[BobLawblaw]

B-B-B-BUDDY-BLOCKER!!!

[Zeunerts]

Germany selling - ETFs buying.

[Zeunerts]

B-B-B-BUDDY-BLOCKER!!!

[ChartBuddy]

Explanation
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[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Lucius]

It's a bit harsh to generalize like that. I show an tweet about a single company (once again) buying bitcoin, and you bring the entire country into the equation. Nowhere do I say that Japan is a good country or a role model in any way. Just wanted something positive after all the bloodbath. There are other bigger companies and/or better role models that are buying bitcoins as well.

If you don't like looking at the big picture, that's your choice - but there's nothing harsh about the fact that I wrote the truth. I don't know how long you've been here, but what you call a bloodbath is a beginner's game compared to what BTC has been through since I've been in this game. A 10% drop in a period of 7 days is nothing unusual - do you remember a pandemic 50% drop in 48 hours?

Not everything has to be complicated. My account is older than yours. I have been through most ups and downs I would say. It’s not a bloodbath for me, but I reckon people who entered this year might feel differently.

But each to his own. 

I always respect those who came before me - I was here when you registered, but only as a guest

As for all those who bet on BTC just because of the halving and thought they would earn 100% in a month, I don't have much sympathy for them living in such a delusion. I would say that he will learn the hard way, but it is still the only correct way - better luck on the next halving

[ChartBuddy]

Explanation
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[Zeunerts]

It's a bit harsh to generalize like that. I show an tweet about a single company (once again) buying bitcoin, and you bring the entire country into the equation. Nowhere do I say that Japan is a good country or a role model in any way. Just wanted something positive after all the bloodbath. There are other bigger companies and/or better role models that are buying bitcoins as well.

If you don't like looking at the big picture, that's your choice - but there's nothing harsh about the fact that I wrote the truth. I don't know how long you've been here, but what you call a bloodbath is a beginner's game compared to what BTC has been through since I've been in this game. A 10% drop in a period of 7 days is nothing unusual - do you remember a pandemic 50% drop in 48 hours?

Not everything has to be complicated. My account is older than yours. I have been through most ups and downs I would say. It’s not a bloodbath for me, but I reckon people who entered this year might feel differently.

But each to his own. 

I always respect those who came before me - I was here when you registered, but only as a guest

As for all those who bet on BTC just because of the halving and thought they would earn 100% in a month, I don't have much sympathy for them living in such a delusion. I would say that he will learn the hard way, but it is still the only correct way - better luck on the next halving

Same for me - lurked here for around 6 months before making an account   

People should know better by now - but they dont. People are in general to stupid and/or shortsighted. Easliy driven by emotions. For those few that see the broader picture, manage to hodl - I respect.

[BitcoinBunny]

90% tax rate incoming for high earners in France. (over €400,000)

Complete insanity.

 

Coupled with the clusterfuck taxes up the backside for anyone with more than 2 pennies that Labour have planned here in the UK,
and not forgetting the Clown Election Entertainment Show in the USA,
we are probably getting pretty close to zero percent interest rates again, even though we had financial "Experts"
promise those would never happen again.

The only way poor people and poor governments can afford a breadcrumb is to borrow into infinity at this rate...

All the rich will be gone and working remotely from a tax haven I would guess.

[Queentoshi]

As for all those who bet on BTC just because of the halving and thought they would earn 100% in a month, I don't have much sympathy for them living in such a delusion. I would say that he will learn the hard way, but it is still the only correct way - better luck on the next halving

Most of them were expecting that after the halving, immediately that the price and value of Bitcoin would double. By now they will be convinced that they have had the wrong information or the incomplete information because the increment that they expected just after the halving is still yet to happen and to many of these individuals, it is already frustrating for them to keep wait.

Most of the people who have stopped investing in Bitcoin because the halving has not yet gone as planned are people who lack foresight.