Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4370. (Read 26720206 times)

legendary
Activity: 4242
Merit: 5039
You're never too old to think young.
We seem to be stalled on our march toward 30k pages.

Maybe a gay cat Xmas card will help.

legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)

Good work today, ChartBuddy  Cool
Maybe work on the climb rate a bit? Like say, +200% up?  Cheesy
Good night, WO!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)

Yeah. Fixed.
Even CMC making fun of themselves 😂😂  Grin


You can't experience real fun as long as you can't (intentionally) make fun of yourself  Smiley
sr. member
Activity: 476
Merit: 523
CMC drunk again? It also messed up Coinomi.

Not only Coinomi. Most of the crypto price API fu*ked up.
I work on a casino, They use coinmarketcap API. They showing 1 Doge = $1,00,000,00 😂

Edit: CMC broke. I cannot access CMC anymore, Do you guys face the same?

I can access it, but BTC price is off by almost $1k (downity)

EDIT: And the chart is fxxed up...

Yeah. Fixed.
Even CMC making fun of themselves 😂😂  Grin

legendary
Activity: 4382
Merit: 9330
'The right to privacy matters'
Lets push us past 29999 soon as we can.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
CMC drunk again? It also messed up Coinomi.

Not only Coinomi. Most of the crypto price API fu*ked up.
I work on a casino, They use coinmarketcap API. They showing 1 Doge = $1,00,000,00 😂

Edit: CMC broke. I cannot access CMC anymore, Do you guys face the same?

I can access it, but BTC price is off by almost $1k (downity)

EDIT: And the chart is fxxed up...
sr. member
Activity: 476
Merit: 523
CMC drunk again? It also messed up Coinomi.

Not only Coinomi. Most of the crypto price API fu*ked up.
I work on a casino, They use coinmarketcap API. They showing 1 Doge = $1,00,000,00 😂

Edit: CMC broke. I cannot access CMC anymore, Do you guys face the same?

Edit: Fixed Again 😂
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
Thick fog is actually beautiful, if you are outside of it.



How high can those damned things fly?

5000-6000m above sea level.
In the EU it is allowed to fly drones privately no more than 120m above the ground, if you're in a "green" zone (which is out of urban areas, generally).
I cheated and made it 200m this time, since the air was free of any traffic (flightradar.com). I temporarily switched off the transponder that broadcasts my drone's registered ID to avoid any legal consequences, albeit highly unlikely in that situation.

EDIT: The mountain tops in the back are over 2000m ASL, i was taking off from about 800m ASL (which was the top height of the fog, basically).

EDIT2: Ideally, you would do shots like this using a DSLR on a tripod, using very long exposure times with darkening filters. There are only a couple of places for getting that "floating" effect when shot from the ground. I could write a small book about all that, but the key to incredible fog photography is by blurring the fog, while keeping the landscape crispy sharp. Since the thick fog is moving dead slowly, you need times of at least 30 secs to start to recognize the effect. A drone can't stay a 100% steady in the air that long. Would probably give decent results from lower limits, but the "liquid" effect you get on the fog from far longer exposure times is just priceless.

Just google "fog long exposure"
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
Thick fog is actually beautiful, if you are outside of it.



How high can those damned things fly?
legendary
Activity: 1834
Merit: 4197
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
About these purple "no trespassing" markings, can't this be used by someone to get away with murder? You drag someone inside the fence, you shoot him dead, and then claim he was trespassing and did not respond to verbal warnings and warning shots. How would the authorities in the relevant USA territories deal with this?

Shooting trespassers is not actually legal. However, the truth of the matter is that if you have any amount of land, you could make the body disappear and that would probably be that.

You get better chances with a little help of our animal friends...

Quote
Oregon serial killer Susan Monica murdered two men, dismembered them and fed them to her hogs. But she was caught when remains were found on her 20-acre farm.

So hogs won’t eat everything?

The TV Tropes website seems to verify this, explaining that a pig will “eat meat if they are able to come by it. Fact of the matter is, pigs can eat almost anything they can chew. (They’ve even been known to eat pork if they find it.)”

legendary
Activity: 1722
Merit: 2213
Regarding the willywoo link above there were a couple more tweets from woo to attempt to further explain the data of the graph and surely just a few interesting replies to the tweets too.. such as the ongoing buying does seem to allow greater odds for our run to be continuing yet in any event, even if the data ends up being correct in terms of retail continuing to buy, we can never have a whole hell of a lot of confidence regarding some momentum continuing until maybe we start to see the price go back up into the $50ks and maybe we have to even get into the upper $50ks to really start to get some confidence coming back.

I mean sure, based on price action, this isn't really a trade-able dip very easily, no doubt why many traders have continued taking profits while others have been accumulating. At least the whales have stopped dumping and the longs got liquidated, that's the main takeaway here. The information Willy Woo often presents is when the fundamentals suggest dips are good for buying, as opposed to price-based breakouts to the upside. If people want to wait until +20% @ $60K for confirmation, then they should obviously do so. If people want to buy the average price over the past year, now there chance basically (or at least it was).

If people don't want to buy the 50 Week MA @ $48K, I recommend waiting until the 100 Week MA currently priced around $30K, or even the 200 Week currently @ $18.5K. Each to their own really. Either way, with price getting back to $60K, no doubt those who got out of positions at $50K, or wish they had bought there, will fomo back into the market above $60K just like they did before.
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
We did it boys! This is what MOON feels like:



Source: https://coinmarketcap.com/

PS: Screenshot 14.12.2022

Yeah... Never been a fan of this site for SEVERAL reasons (not the least of which being a market cap for Bitcoin is only slightly more valid than one for a shitcoin, and neither is valid) but what the hell?

legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Bought another 100 Big Mac meals worth of BTC.  Cool




Green dildo....

Why does Coinmarketcap fuck up during such critical FOMO moments?
I've seen that before.  Roll Eyes
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
About these purple "no trespassing" markings, can't this be used by someone to get away with murder? You drag someone inside the fence, you shoot him dead, and then claim he was trespassing and did not respond to verbal warnings and warning shots. How would the authorities in the relevant USA territories deal with this?

Shooting trespassers is not actually legal. However, the truth of the matter is that if you have any amount of land, you could make the body disappear and that would probably be that.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Only if you're not rich enough to pay someone else do it.  Grin

Unfortunately, that's something that pushes against my upbringing. There might be some level where I was happy doing that, I suppose.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1722
Merit: 2213
Despite the price-based technical analysis looking shaky today, retail accumulation continues...



https://twitter.com/woonomic/status/1470777764886495233

I do not have access to data ANYTHING like Mr. Woo, but I am NOT seeing this retail volume anywhere...

It wasn't noticed on the charts in 2020 either, that's precisely the point here. No doubt because this specific set of retail accumulation being very low volume. This quiet accumulation began to increase from around $9K in 2020, upto $10K, down to $4K, and peaked out around $6K roughly. The accumulation is very similar to what has been seen from $40K to $69K, back down to $42K, to where price is now.

Wonder what exchange(s) he is using, and I am assuming he must be using USD volume not BTC volume.  This "dip" looks NOTHING like March 2020 to me.

It is based on all BTC off-exchange wallets, not USD, as can be read in the subtitle: "7 day change in coin balances of hodlers les less than 1 BTC".

There is also notable accumulation of >1 BTC hodlers since $30K dip, for reference sake. The point is these "shrimps" have been outperforming whales since $3K prices, due to being more strong-handed hodlers. Dropping below $60K hasn't shaken them out either, quite the opposite, they have increased their accumulation.

To me it seems a bit difficult to make real solid conclusions in regards to that kind of data and to really assert that retail seems to be buying BTC. 

Sure, if don't trust his blockchain data or think institutions have been the ones adding <1 BTC to their balance sheets in recent months, I can't convince you otherwise. It's possible, but highly unlikely imo.

For sure, many of us would like to see some increases in the buying and getting started in BTC activities of retail, especially since we have seen quite a few examples in the past year and a half of guys like Michael Saylor educating institutional investors about the value of hoarding.. and even really seeming to lead by example, too.

If only the institutions were hodlers, but you really think they are allowed to do that when sitting on considerable profits, that they are simply not used to in such a short amount of time, that their traditional and rigid risk managements strategies allow them to do so? I doubt that very much, with the exceptions of some institutions like TSLA and MSTR. A few others maybe, but clearly not the rest.

This is why no doubt why the >1000 BTC wallets steadily increased from $6K prices to $36K, prior to $60K, only to dump their bags all the way down to $30K. Failing to re-accumulate thereafter. No surprises there, at least they've done better than in 2016 when they started dumping at $600 in order to re-accumulate at $10K. Hilarious stuff. The whales have a history of getting it wrong basically.

The >100 BTC addresses have also performed piss poor, as has been the case since 2016 when they started dumping at $1K lol. The >10 BTC hodlers have easily outperformed them, even if they did start selling at $20K, they've learnt from their mistakes and started re-accumulating at $30K at least, though still down considerably from $8K prices in 2020.

Of course of course we can point out how BTC prices have risen over the years, people "breaking up" their stashes, etc, but the data remains completely unaffected by these theories. Especially if you consider the <1 and >1 BTC addresses as likely enough to be DCA accumulation from larger hodlers, as well as shrimp like buyers. But this still would be categorised as retail accumulation is also the point here.

Summary: Be like the <1 BTC and >1 BTC addresses who have a good history of accumulation, not the >100 or >1000 addresses who sell too early and fail to accumulate late in the rallies.
There is also the obvious reality that Bitcoin is generally a wealth re-distribution game, and has been for 10+ years. From long-term hodlers with more, to short-term hodlers with less.
If it makes you feel better, break up those 10-1,000 stacks of BTC into 0-9 stacks, just so you feel like you are on the winning teams  Wink
Jump to: