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

[NotATether]

Well, crashing to 52K wasn't on my bingo card.

But hey at least I'm a wholecoiner now.

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium.  

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

Scenes when Bitcoin breaks 100K in November

[DaRude]

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium. 

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.

[OutOfMemory]

#GM

The best thing of today was me checking the price shortly after waking up.
On the phone.
Without my glasses.

Thought i saw $61k, thought "alright..."

When checking the WO an hour later:

 

[BTCaesar]

Hop hop hop hopiummm

[BitcoinBunny]

Any more bright ideas, Mr Jerome Powell?

 

[BlackHatCoiner]

Man, this is so fun, but I'm so out of cash rn.

[somac.]

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium. 

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.

I don't think it "should" be doing anything other than what it does. And it was made to be a decentralized ledger with a fixed supply which no single party can control, that's it. Despite the recent crash it is doing that just fine.

I think for it to be a safe haven the market cap has to be a hell of a lot higher than it is now.

[somac.]

Any more bright ideas, Mr Jerome Powell?

 

To be fair this probably has a little more to do with the Japanese central bank.

[serveria.com]

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium. 

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.

... which means that it's not mature enough yet.... but give it some time and it will function as planned 

[BitcoinBunny]

Any more bright ideas, Mr Jerome Powell?

 

To be fair this probably has a little more to do with the Japanese central bank.

US stock market was already crashing on Friday. He would definitely have had early access to the job data that caused that.

They're just behind the curve all the time.

People have been saying "we are never going to see zero percent interest rates again"

I'm pretty sure that's where we will be headed towards eventually.

[somac.]

Any more bright ideas, Mr Jerome Powell?

 

To be fair this probably has a little more to do with the Japanese central bank.

US stock market was already crashing on Friday. He would definitely have had early access to the job data that caused that.

They're just behind the curve all the time.

People have been saying "we are never going to see zero percent interest rates again"

I'm pretty sure that's where we will be headed towards eventually.

This Japanese thing started last week though. Powell of course has completely fucked up as well, but it's a team effort.

100% agree with you on the zero percent interest rates. In hindsight I think that will sound as stupid as the "higher for longer" crowd.

[modrobert]

Great idea, set the lifeboats (Bitcoin) on fire when the ship is sinking (other markets). Irrational people makes me tired.

who is going to be the next mindrust?

Not me, but I was just thinking that. Some people will be panic selling for sure.

I don’t use leverage to trade but I did consider opening a long but it’s not my thing so I didn’t.

I’m balls deep in Bitcoin, more so than at any point in this cycle so I have limited fiat reserves for dip buying. If we sell off even more once US markets open or Iran starts bombing Israel then I will find the fiat from somewhere to buy a few coins.

HODL the line, do not panic sell. Don’t do it publicly any way because your username will be engrained on the WO forever like dear old mindrust.

Agreed, I'm balls deep in Bitcoin as well (and it's not the first time during a crash, always sucked at timing).


Hmm, the surface should be around 65k USD, it's dive mode for the sub (das boot) again, back to listening for sonar pings, avoiding sink bombs and fixing leaks.

[DaRude]

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium. 

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.

I don't think it "should" be doing anything other than what it does. And it was made to be a decentralized ledger with a fixed supply which no single party can control, that's it. Despite the recent crash it is doing that just fine.

I think for it to be a safe haven the market cap has to be a hell of a lot higher than it is now.

No one is arguing the technicals. I'm talking about perception, seems like we're still not ready and more time is needed ...

[somac.]

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium. 

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.

I don't think it "should" be doing anything other than what it does. And it was made to be a decentralized ledger with a fixed supply which no single party can control, that's it. Despite the recent crash it is doing that just fine.

I think for it to be a safe haven the market cap has to be a hell of a lot higher than it is now.

No one is arguing the technicals. I'm talking about perception, seems like we're still not ready and more time is needed ...

People are stupid, takes a long time for them to wake up. We are the very early adopters.

[Ambatman]

Holy shit! What a massacre! Frankly, I don't remember anything like that happening during a bull season.

So, the paperhand japs are selling because their markets are f*cked, billionaires want a final squeeze and cheap coins?

I. Need. Hopium. 

It's all good, don't worry. This is just another Covid crash scenario, wait till you see the price in a years time, you'll be planning which island to buy.

The problem is that at exactly times like these bitcoin should be doing the exact opposite, going up. That's what it was made for, and not just some speculative risk off vehicle.

Unfortunately or fortunately Bitcoin exist in an environment.
I can say Bitcoin is a lil unlucky this period surrounded by various instability in the environment
US election, interest rates fluctuations, instability in Middle East ( https://www.google.com/amp/s/www.bbc.com/news/articles/c80xxeqel5po.amp) and not excluding the Japan Stocks record decline.

It's like we heading towards a macro/Geopolitcal collapse.
Many first choice during Crisis is Gold and after a lil while some starts optioning For Bitcoin
Same occurred during the Covid pandemic

We just have to be patient for now.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

Ugh. Not the 50s again

haha now you can be happy if we stayed in the 50s 

[Paashaas]

Congratulations German goverment for dumping their bag at the top.

[OutOfMemory]

Ugh. Not the 50s again

haha now you can be happy if we stayed in the 50s 

Investment money is always on a round trip, so expect it to come back into BTC sooner or later.
Some less faint hearted pockets should take advantage of the dip either through ETF's or Exchanges/OTC, so mid/longterm the anticipated rise of BTC will resume.
In fact, i'v been waiting for this post-halving, pre-bullrun dip already, because it's almost traditional, if you zoom out.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com