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

[BlackHatCoiner]

Do not think it is possible.

People do not make decisions based on possibility. They make decisions based on probability. Is it possible that you win the lottery? Yes. Is it probable? Of course not, and that's why it's foolish to rely on lottery for your retirement.

Is it possible that Bitcoin stays at this $50-70k for the next 10 years? Of course and it's possible. Is it probable? I highly doubt so.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[psycodad]

I miss proudhon atm!

One of his "it's going sub 1k soon" posts would be really encouraging and the best signal for incoming reversal.
His total absence or better silence however is very worrying at this point.

[promise444c5]

So Buddy has been printing 40k 54k for the past 12 hrs...

[Ambatman]

you must be new here

Lol still one of my favorite line in this thread.
Next to the bears are been roasted would prefer to hear it the soonest than in the sooner

I miss proudhon atm!

One of his "it's going sub 1k soon" posts would be really encouraging and the best signal for incoming reversal.
His total absence or better silence however is very worrying at this point.

Ask no more it's signature stated

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.

https://bitcointalk.org/index.php?action=profile;u=9636

He left a gift on his temporary absence.

So Buddy has been printing 40k for the past 12 hrs...

40K what? Or 54K?
Don't jinx it.

[promise444c5]

40K what? Or 54K?
Don't jinx it.

Someone needs to get that 40k outta my head ,
---can we skip this month 

[DaRude]

Stocks down --> Bitcoin down.

Stocks up --> Bitcoin up.

at least partially true, financial crisis presently brewing, and we know that wall street is now part of us.

https://www.zerohedge.com/markets/kamala-karnage-market-goes-haywire

two days of red markets in one month, yesterday was uniformly red.

warren buffets selling big chunk of big bank, why ?

https://www.zerohedge.com/markets/warren-buffett-continues-dumping-bofa-shares

normally btc should react positively, but ?

In last 10 days, since 27August, BTC ETFs unloaded $1,186B or about BTC20,5k (over 1,5 months of supply just in 10 days). With the whole Durov saga hedge funds might be thinking we're entering the "they fight us" stage and unloading corn.  Very telling that blackrock had 0 flow in those past 10 days except for one day 29Aug where they had -$13,5MM outflow. That is, on 27Aug corn was at ~$62k and today ETFs closed around ~$53,5k and all 0 flow days except for one.

The other issue is the correlation with the "risk-on" assets. This might be part of the "taming bitcoin". As long as funds holding BTC treat it as a risk-on asset it becomes a self-fulfilling prophecy, and traders gonna trade...

1.78 trillion have disappeared from the US stock market in one week

https://nitter.poast.org/WatcherGuru/status/1832156380113014864#m

It's not that the money disappearing from bitcoin is what bothers me, it's the reason. Markets are expecting the Fed to cut at least 25bps in September, and to continue with the cuts, so printer is about to go Brrrr again but BTC ETFs have huge outflows  

We were at $49k in January before the BTC ETFs, since then ETFs sucked up over BTC281k (double the supply) and we almost touched $52,5k yesterday  

Plus the irony is that the more general funds get into BTC ETFs the more it'll correlate with risk-on assets, and i'm not sure how we could break out of that line of thinking.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Stocks down --> Bitcoin down.

Stocks up --> Bitcoin up.

at least partially true, financial crisis presently brewing, and we know that wall street is now part of us.

https://www.zerohedge.com/markets/kamala-karnage-market-goes-haywire

two days of red markets in one month, yesterday was uniformly red.

warren buffets selling big chunk of big bank, why ?

https://www.zerohedge.com/markets/warren-buffett-continues-dumping-bofa-shares

normally btc should react positively, but ?

In last 10 days, since 27August, BTC ETFs unloaded $1,186B or about BTC20,5k (over 1,5 months of supply just in 10 days). With the whole Durov saga hedge funds might be thinking we're entering the "they fight us" stage and unloading corn.  Very telling that blackrock had 0 flow in those past 10 days except for one day 29Aug where they had -$13,5MM outflow. That is, on 27Aug corn was at ~$62k and today ETFs closed around ~$53,5k and all 0 flow days except for one.

The other issue is the correlation with the "risk-on" assets. This might be part of the "taming bitcoin". As long as funds holding BTC treat it as a risk-on asset it becomes a self-fulfilling prophecy, and traders gonna trade...

1.78 trillion have disappeared from the US stock market in one week

https://nitter.poast.org/WatcherGuru/status/1832156380113014864#m

It's not that the money disappearing from bitcoin is what bothers me, it's the reason. Markets are expecting the Fed to cut at least 25bps in September, and to continue with the cuts, so printer is about to go Brrrr again but BTC ETFs have huge outflows  

We were at $49k in January before the BTC ETFs, since then ETFs sucked up over BTC281k (double the supply) and we almost touched $52,5k yesterday  

Plus the irony is that the more general funds get into BTC ETFs the more it'll correlate with risk-on assets, and i'm not sure how we could break out of that line of thinking.

btc soon to be slotted in the 49k-73k track till 2028 doom and fucking gloom whoa is us.

[Ambatman]

40K what? Or 54K?
Don't jinx it.

Someone needs to get that 40k outta my head ,
---can we skip this month 

just change your calendar to October
Trust me
Works everytime.

[philipma1957]

If I had 100 btc at 73k and did not cash 10 of them I would be kicking myself in the ass now that my 100btc is down to 53k each. as it would be a 2 million loss.

This precise notion that you're losing nominal value in the short term is what keeps people from enjoying 100x profits. The exact same thing could have been said when Bitcoin fell from $200 to $150. If you had $7.3M in Bitcoin back then, that "correction" would cost you 2 millions in nominal value. But, it's evident that whether you entered in $200 or in $150, it's completely meaningless; all it matters is that you entered that early.

Those who lack the guts and confidence are not worthy of the significant gains. It is not me who says it, it's mother nature, apparently.

quote it wrong and fuck around.

learn to understand what you read.
  my thread has the coins at 1k and 100 of them.

cashing 10 means 990k cash profit. in the form of 1 million minus 10 basis.

and 90 coins still in your wallet.


i would be having 1000k cash and 90 coins now at 53k

this would mean after cap gains I am at

800k and 90 coins.

I could buy 11 back at 583k

giving me 101 coins worth 53k

plus 217k cash.

so do you want 101 coins worth 53k and 217 cash or

100 coins at 53k


So I can tell you some people are stressed that they choose to hodl at 73k and not sell some.


of course the argument is I am after calling.

Much like ognasty did.

one reason i choose to mine and not worry about large profits that hodl casues


 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitebits]

[...]
i would be having 1000k cash and 90 coins now at 53k

this would mean after cap gains I am at

800k and 90 coins.

I could buy 11 back at 583k

giving me 101 coins worth 53k

plus 217k cash.

so do you want 101 coins worth 53k and 217 cash or

100 coins at 53k


So I can tell you some people are stressed that they choose to hodl at 73k and not sell some.

[...]

You know what is much worse? Sell some at $73k and it just continues to go up. I'd much rather deal with a temporary blip in the price than missing the unlimited upside. You will be wrong one day and never see those coins back again. So unless you are in a real need for some dollars, I honestly wouldn't know what to do with them. Stare at the numbers in your banking app slowly shrinking away into nothingness?

[philipma1957]

[...]
i would be having 1000k cash and 90 coins now at 53k

this would mean after cap gains I am at

800k and 90 coins.

I could buy 11 back at 583k

giving me 101 coins worth 53k

plus 217k cash.

so do you want 101 coins worth 53k and 217 cash or

100 coins at 53k


So I can tell you some people are stressed that they choose to hodl at 73k and not sell some.

[...]

You know what is much worse? Sell some at $73k and it just continues to go up. I'd much rather deal with a temporary blip in the price than missing the unlimited upside. You will be wrong one day and never see those coins back again. So unless you are in a real need for some dollars, I honestly wouldn't know what to do with them. Stare at the numbers in your banking app slowly shrinking away into nothingness?

that still looks like shit and means you don't understand after calling at all.

What I said is after calling what happened and is completely correct.  What you are talking about did not happen and may never happen.


But this is why only true masters can hodl.

I HAD A FRIEND he held 500,000 doge with a cost of 1,000 bucks. and he just held them up to 70 cents a coin and down to the current 10 cents a coin.

So he tossed a 350,000 cashout. and his 500,000 doge is worth 50k

So for me to point out 7.3 million dropped to 5.3 million and that shaving 10% off the top is not so bad should not trigger people like it does.

BTW my 10% numbers are wrong

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com