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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

I don't really understand the line of thought of being obsessed with 100k or ATH.

We are up from 60s and going fine according to 2 week Moving average.

People often refer to selling as beartrap which is not proper semantics?

This just in:

https://www.coindesk.com/markets/2026/03/10/bhutan-s-bitcoin-stack-drops-below-5-400-btc-as-sovereign-seller-quietly-unloads-usd42-5-million-in-2026

Isn't this important for adoption? Or are we still beating up eachother over exchange rates?

I think it's awesome that no one can stop Bhutan from doing this. They can sell. They can take the money they need.  It may not be bullish for the price of Bitcoin, and the story is kind of sad... But there will always be sellers and buyers, I guess.  Would I rather that sovereign nation hold the Bitcoin than Coinbase on behalf of BlackRock on behalf of their customers?  Yeah.

But this is what it is.

[cAPSLOCK]

Also, who authorized the price to perform this recent abomination we are seeing?

[JimboToronto]

Currently, at this rate, buying is ok, or waiting is better. Any solid suggestion.

Buy whenever you can, sell only when you must.

[asUHWEceyc]

Also, who authorized the price to perform this recent abomination we are seeing?

-$50,000 per coin by Tuesday

[cAPSLOCK]

Also, who authorized the price to perform this recent abomination we are seeing?

-$50,000 per coin by Tuesday

Negative 50,000 for each coin?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hypebrother]

-snip-

I think it's awesome that no one can stop Bhutan from doing this. They can sell. They can take the money they need.  It may not be bullish for the price of Bitcoin, and the story is kind of sad... But there will always be sellers and buyers, I guess.  Would I rather that sovereign nation hold the Bitcoin than Coinbase on behalf of BlackRock on behalf of their customers?  Yeah.

But this is what it is.

When you look at it from governance point of view, I think they took a bold step of liquidating 54% or so of their holdings.

Atleast, it would make zero sense to just hoard BTC and boast about it while doing nothing for national development, yes?

[cAPSLOCK]

-snip-

I think it's awesome that no one can stop Bhutan from doing this. They can sell. They can take the money they need.  It may not be bullish for the price of Bitcoin, and the story is kind of sad... But there will always be sellers and buyers, I guess.  Would I rather that sovereign nation hold the Bitcoin than Coinbase on behalf of BlackRock on behalf of their customers?  Yeah.

But this is what it is.

When you look at it from governance point of view, I think they took a bold step of liquidating 54% or so of their holdings.

Atleast, it would make zero sense to just hoard BTC and boast about it while doing nothing for national development, yes?

Agreed. In fact, one could argue that Bhutan was both a leader in using Bitcoin to store the wealth of the country, but an example of how to unleash that stored wealth. Bitcoin is intended to be transactional.  It would be fantastic to see them buying again down the road.

People like Peter Schiff, likes to point out that Bitcoin has no intrinsic value. You can use gold in a circuit. If you collect wheat, you can eat it.

But that's the thing... Bitcoin doesn't toy around with a backup plan for where it derives its value.

The only reason to hold Bitcoin is with the intent to use it for something later.

[asUHWEceyc]

Also, who authorized the price to perform this recent abomination we are seeing?

-$50,000 per coin by Tuesday

Negative 50,000 for each coin?

Reductio ad absurdem?

You can use gold in a circuit.
But that's the thing Bitcoin doesn't toy around with a backup plan for where it derives its value.

The only reason to hold Bitcoin is with the intent to use it for something later.

Bit Coin is best used in a monetary circuit

[cAPSLOCK]

Also, who authorized the price to perform this recent abomination we are seeing?

-$50,000 per coin by Tuesday

Negative 50,000 for each coin?

Reductio ad absurdem?

In a way, yes, but also... petentibus claritatem.  You could mean down BY 50K (29,000). You could mean down TO 50,000. So I chose the most ridiculous, a negative value.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

$80k longs cleanly wiped out.
The $77.5k to $76k zone is next (or bounce from here, but if the wick down on the current 4h candle gets shortened too much, we would likely hit the $77k zone(s).
I will set a buy right there and we'll see.

OT:
Got bad news in the mail today. Some of you know about my struggles with health insurance and my occupational disability issues. That's why i have to go to court every few years and prove that i didn't become spontaneously healthy and still can't work in my original profession anymore. That journey lasted 14 years and five times at the court. Now they want to retire me. Which is quite a shock, because i'm not that old, nor i'm nearly dead, but i'm haunted by that "senior specialist" profession in IT and that's why i don't have to do less qualified work. I switched to the electronics department by myself, because i'm not the type of dude that doesn't want to work despite being able to do so. The problem is, if i get retired in the mid 50's (and that's fucking depressing me right now) because of this, i can't get employed as easily and i would also suffer from tax and insurance disadvantages. The social insurance/pension institution doesn't want people to work longer than necessary, and their conditions are reflecting that. And retiring 20 years early means low income. I can earn money to a low degree, but if i exceed the threshold, any amount i earn will be cut off the pension payments.

In essence, the more you earn, the more you pay to them, while you were paying them in the past for paying you in the future which has become the "now".
You can't make this shit up.

So, where do we get from here, and to where?
There are some options, but the currently top pick is going to court against them, again.
This time it's different, though. Unfortunately it's not going to be as "easy" as the trials from the past. And it could be a pretty new thing to the court as well, because usually the people take the pension money and make cash, in a private, not registered way, offering similar services as in their jobs throughout their working life.
Well, it's just a big surprise for now, but not in a pleasant way*.

EDIT: * Yup. It's even a bit concerning.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[psycodad]

I watched Fight or Flight the other day and really liked it.

But I am a bit biased as I already liked Josh Harnett a lot in 30 days of night. He has a kind of understatement in his play that appeals to me.

Thought I'd post this as the discussion here has recently become concerningly on-topic.

Also, haven't read from vapourminer for 2 days now and I wonder if the squirrels felt it was their time to make a move on him..

[OgNasty]

OT:
Got bad news in the mail today.

I am sorry to hear that. If I could be the voice of evil for a minute (just a minute?)… You post a lot on this site to do so for free. It wouldn’t be the worst thing to join a signature campaign and start getting paid for your time here. It isn’t a ton of money, but it can help supplement retirement.

[Biodom]

$80k longs cleanly wiped out.
The $77.5k to $76k zone is next (or bounce from here, but if the wick down on the current 4h candle gets shortened too much, we would likely hit the $77k zone(s).
I will set a buy right there and we'll see.

OT:
Got bad news in the mail today. Some of you know about my struggles with health insurance and my occupational disability issues. That's why i have to go to court every few years and prove that i didn't become spontaneously healthy and still can't work in my original profession anymore. That journey lasted 14 years and five times at the court. Now they want to retire me. Which is quite a shock, because i'm not that old, nor i'm nearly dead, but i'm haunted by that "senior specialist" profession in IT and that's why i don't have to do less qualified work. I switched to the electronics department by myself, because i'm not the type of dude that doesn't want to work despite being able to do so. The problem is, if i get retired in the mid 50's (and that's fucking depressing me right now) because of this, i can't get employed as easily and i would also suffer from tax and insurance disadvantages. The social insurance/pension institution doesn't want people to work longer than necessary, and their conditions are reflecting that. And retiring 20 years early means low income. I can earn money to a low degree, but if i exceed the threshold, any amount i earn will be cut off the pension payments.

In essence, the more you earn, the more you pay to them, while you were paying them in the past for paying you in the future which has become the "now".
You can't make this shit up.

So, where do we get from here, and to where?
There are some options, but the currently top pick is going to court against them, again.
This time it's different, though. Unfortunately it's not going to be as "easy" as the trials from the past. And it could be a pretty new thing to the court as well, because usually the people take the pension money and make cash, in a private, not registered way, offering similar services as in their jobs throughout their working life.
Well, it's just a big surprise for now, but not in a pleasant way.

Sorry to hear it, but in comparison with US where SSI disability is currently $994 per month maximum (I have a relative who is disabled), your situation is probably much better (in EU).
You cannot live in a US city, even with a rent-controlled apt, on $994/mo. Our family has to provide the rest, which is not a huge burden rn, but at some point it was.

Personally, I am in somewhat opposite situation: being older, I don't have to work (could even get a pension upon retiring), but I cannot stop.
Sometimes I fantasize going on a permanent vacation, but honestly, 7-10 days two times a year feels enough.

Let's hope that bitcoin "bails" you out.

[OutOfMemory]

Also, haven't read from vapourminer for 2 days now and I wonder if the squirrels felt it was their time to make a move on him..

Great, there's more concerning...
Thanks for the tip, though.

[OutOfMemory]

OT:
Got bad news in the mail today.

I am sorry to hear that. If I could be the voice of evil for a minute (just a minute?)… You post a lot on this site to do so for free. It wouldn’t be the worst thing to join a signature campaign and start getting paid for your time here. It isn’t a ton of money, but it can help supplement retirement.

I have already considered that, too. But i almost only read and post on the WO in this forum. It's really personal to me, it became a habit, i also get some dopamine released, not to forget about all the laughs that have been shared.  I'm not really interested in socializing in real life. This place is just cool, imo.
I have to be careful to not make the forum a less cool place, for me. I really have to let things like this sink in for more than just a few days, and i had no plans about signature campaigns in the past. Probably a "No", if i had to decide this right now, on the spot.

Sorry to hear it, but in comparison with US where disability is currently $994 per month maximum (I have a relative who is disabled), your situation is probably much better (in EU).
You cannot live in a US city, even with a rent-controlled apt, on $994/mo. Our family has to provide the rest, which is not a huge burden rn, but at some point it was.

Personally, I am in somewhat opposite situation: being older, I don't have to work (could even get a pension upon retiring), but I cannot stop.
Sometimes I fantasize going on a permanent vacation, but honestly, 7-10 days two times a year feels enough.

Let's hope that bitcoin "bails" you out.

Now those numbers are not so much less than hereabouts.
Most of my corn is being diamond handed. Maybe i think over that as well, but it also feels like 20 years too early.

I never thought of stopping working when i wasn't forced to. That totally was a black swan event for me.
For me, most of the working years were much like doing my favorite hobby for money. After the journey through crash and ongoing recovery,  it's now a second-best favorite, part-time job, but that does it, for self respect and to satisfy my needs regarding dedication.

[OgNasty]

Sorry to hear it, but in comparison with US where disability is currently $994 per month maximum (I have a relative who is disabled), your situation is probably much better (in EU).

That isn’t at all accurate. I know a bunch of veterans who are receiving more than $4,000 per month in disability. Actually, nearly every veteran I know is doing this… Had they structured an actual pension plan instead of making all the veterans commit fraud to be taken care of for life, I probably would’ve considered the military…