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

[cAPSLOCK]

the longer you've been in bitcoin, the crazier you are, by definition

crazy like a fox.🦊

[OgNasty]

Bull back on?

I believe the term is dead cat bounce. I wouldn’t feel good about buying here. I think we probably see Bitcoin recover back to near $108K and then the next leg down. Would love to see another high this cycle, but I don’t think it is going to happen. Unless Trump can remove Capital Gains or manage a big Strategic Reserve buy, the next year is going to be a rough one. Hopefully his speech today has some Bitcoin mentions in it.

[NeuroticFish]

I've read that some company got scared and sold some 1k BTC.
Let's see what happens next. Imho the current cycle is still in the bull phase.

[cAPSLOCK]

Bull back on?

I believe the term is dead cat bounce. I wouldn’t feel good about buying here. I think we probably see Bitcoin recover back to near $108K and then the next leg down. Would love to see another high this cycle, but I don’t think it is going to happen. Unless Trump can remove Capital Gains or manage a big Strategic Reserve buy, the next year is going to be a rough one. Hopefully his speech today has some Bitcoin mentions in it.

I was actually just about to post something similar. This could still be just a relief rally after yesterday's tumble.

I want to point out something that I think is spectacularly bullish and important.

It seems to have become clear that when you look at the outflows from the institutional holders and then you look at the outflows from coins that haven't moved in a long time, it is the latter where the selling is coming from.

This means that we are seeing price discovery, consolidation, and a more granular distribution of coins.  This is super healthy for Bitcoin, in my opinion. Particularly, if a significant portion of those coins are going into the cold storage of holders.

This event has a limited shelf life. Now it may repeat, in fact I expect it will, but just like the Bitcoin cycles of lower, each repetition will be softer than the last.

All that to say, I believe what we've seen in downward pressure on the price may be something that we can see correct in the short to medium term, rather than having to wait a long time.

Now, if I wanted to counterbalance that general blissness with something from the other side, I am still concerned and was from the first day the ETFs were approved. That consolidation into institutional hands is going to lead to rehypothication one way or another. In fact, as commercial banks begin to hold Bitcoin, just in the diversity of institutional holders, we will definitely see shenanigans.

[OutOfMemory]

Finally, as to mental health, I happen to know a lot about it. I am, unfortunately, quite versed in what it means to have challenges in that area. So I might be a little sensitive when I see people start making baseless prejudiced statements about good people that I respect.

So true. Also, thanks for your support. This thread is the result of real people actually enjoying being together, well, most of them.
We all share our humor, fate, wisdom, knowledge and curiosities in here. It's the best place i've been to, so far. And it looks like that wouldn't change.
People usually earn respect. This special guy here came in demanding respect. This sentiment speaks a very clear language and this thread is only a playground for his abusiveness. He's not here to learn, because he knows better already.
I was quite triggered, too, but in the end his words are meaningless in here. Just another Roach, EXPhorizon, Cryptonians (or what was his/their nickname?)...
He won't mess up this place, nobody ever could do this. It's the spirit in here, the thread itself is more of a legend than anyone of us, but equal the sum of all of us.
Who would ever be able to fuck it up?

EDIT:
Hey, by the way, i don't have mental problems, i am a mental problem 

Bull back on?

I believe the term is dead cat bounce. I wouldn’t feel good about buying here. I think we probably see Bitcoin recover back to near $108K and then the next leg down. Would love to see another high this cycle, but I don’t think it is going to happen. Unless Trump can remove Capital Gains or manage a big Strategic Reserve buy, the next year is going to be a rough one. Hopefully his speech today has some Bitcoin mentions in it.

Don't be the party pooper, Mr. Nasty  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

Trump just advocated for Bitcoin in his speech at the America Business Forum in Miami, Florida!  

[xhomerx10]

Three earth directed CMEs are on the way.  The strongest one happened earlier today and the sin also threw off a couple of X-class flares though they weren't earth directed.  We can expect at least G-3 class solar storms Nov. 6-8 (this means higher latitude USA and Europe) and the sun us showing no sign of quieting.  There is another very active sunspot producing X-class flares just coming into view as the sun rotates it towards Earth.  Could be a good month for Aurora Borealis and Bitcoin 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitHodlers]

[
Finally some good posts, much better than those OGs that are angry about the price movement but are too coward to admit it. This feels better.  

So you realize you are coming off as a dick?

I don't think I talked about you?  

Bull back on?

It never left.  😁🫎

Is that so?

[BTCETFInvestor]

Three earth directed CMEs are on the way.  The strongest one happened earlier today and the sin also threw off a couple of X-class flares though they weren't earth directed.  We can expect at least G-3 class solar storms Nov. 6-8 (this means higher latitude USA and Europe) and the sun us showing no sign of quieting.  There is another very active sunspot producing X-class flares just coming into view as the sun rotates it towards Earth.  Could be a good month for Aurora Borealis and Bitcoin 

Cool! We are currently in the maximum of Sun Spot Cycle 25 with a Sunspot Number of ~ 100 to 150.

[vapourminer]

...mental health...

Hey, by the way, i don't have mental problems, i am a mental problem 

someone mentioned brain damage?

so lets add up the combined ICD10/DSM codes of our respective mental issues and see who has the biggest numbers?

whos first.. i think ill be pretty up there with my score lol

[BitHodlers]

...mental health...

Hey, by the way, i don't have mental problems, i am a mental problem  

someone mentioned brain damage?

so lets add up the combined ICD10/DSM codes of our respective mental issues and see who has the biggest numbers?

whos first.. i think ill be pretty up there with my score lol

Your profile picture is enough to have you admitted.  

Three earth directed CMEs are on the way.  The strongest one happened earlier today and the sin also threw off a couple of X-class flares though they weren't earth directed.  We can expect at least G-3 class solar storms Nov. 6-8 (this means higher latitude USA and Europe) and the sun us showing no sign of quieting.  There is another very active sunspot producing X-class flares just coming into view as the sun rotates it towards Earth.  Could be a good month for Aurora Borealis and Bitcoin 

So price goes up when sun does pew pew with flares?

[OutOfMemory]

...mental health...

Hey, by the way, i don't have mental problems, i am a mental problem  

someone mentioned brain damage?

so lets add up the combined ICD10/DSM codes of our respective mental issues and see who has the biggest numbers?

whos first.. i think ill be pretty up there with my score lol

If you had two ICD10 diagnoses, would you count the total or the average score?

EDIT: Asking for a friend...

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

[cAPSLOCK]

[
Finally some good posts, much better than those OGs that are angry about the price movement but are too coward to admit it. This feels better.  

So you realize you are coming off as a dick?

I don't think I talked about you?  

No, I would agree with that.  I do not think you really know me.

Bull back on?

It never left.  😁🫎

Is that so?

[cAPSLOCK]

...mental health...

Hey, by the way, i don't have mental problems, i am a mental problem 

someone mentioned brain damage?

so lets add up the combined ICD10/DSM codes of our respective mental issues and see who has the biggest numbers?

whos first.. i think ill be pretty up there with my score lol

ICD-10 F22 - Lycanthropy

[cAPSLOCK]

...mental health...

Hey, by the way, i don't have mental problems, i am a mental problem 

someone mentioned brain damage?

so lets add up the combined ICD10/DSM codes of our respective mental issues and see who has the biggest numbers?

whos first.. i think ill be pretty up there with my score lol

This is also true... heh.