Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 2502. (Read 26710696 times)

legendary
Activity: 3431
Merit: 1233
Finally an inflation report comes out that basically says the inflation last year WAS due to supply shocks caused by a 2+ year lockdown and general stupidity and was NOT some sort of systemic thing that would be around forever.

It is not general stupidity. It is a blatant crime. Inflation is due to supply shock of newly printed money. For 2 years the crime syndicate of central banks printed tenths of trillions of fiat money. Covid pLandemic was just a cover up to commit the crime.
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Gotta get get… boom boom pow! Flashbacks  Grin
Enjoy some easy listening 😎

https://www.youtube.com/watch?v=4m48GqaOz90
legendary
Activity: 1624
Merit: 1126
It's all mathematics...!
Gotta love the short liquidations… would be nice if we consolidate for 12-24 hours this weekend before hitting 22k 😝

https://cointelegraph.com/news/bitcoin-price-blasts-past-21k-as-3-day-short-liquidations-near-300m


hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
OMG what have I seen?
[INSERT ROCKERT FUEL]   GOGOGOGOGOGGG 25K SOONISH?KABOOM<<<<

legendary
Activity: 2520
Merit: 3038
OMG what have I seen?
hero member
Activity: 1848
Merit: 640
*Brute force will solve any Bitcoin problem*
/\2OK KAB0000M!!! HODL GENTLMINTZ///^^^^WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3220
Merit: 2334
I fix broken miners. And make holes in teeth :-)
My theory on this:

Bitcoin did a number of "10k drops in a day" last year when the whole inflation thing went bananas. Dropped from 50 to 40, then 40 to 30, then 30 to 20, all in very sharp drops. It was annoying to watch, you'd see it flounder at 40, drop to 39k, recover a bit, then plunge to 30. Wash, rinse, repeat.

The final drop from 20-15k was FTX related, but I guess people just couldn't drop it 50% in value at a shot. So we dumped 25%, sat at 15k through the end of the year, then up a bit to 16, then back down. Only thing missing was yet another drop to 10k.

Finally an inflation report comes out that basically says the inflation last year WAS due to supply shocks caused by a 2+ year lockdown and general stupidity and was NOT some sort of systemic thing that would be around forever. Which means all this economic DOOM was basically bullshit. Couple that with the US job markets being... fine (sure the froth is being fired from dot.coms, but even those chuckleheads are finding jobs quickly) and things may. not. be. that. bad....

And low and behold for the first time in a long while, bitcoin actually went above the level of one of the one-day drops. We went back above 20k. Haven't done that since the drops from 50k we'd recover a bit, then drop another 10k to the "new normal". Finally we have gone back up the "normal" track.

So if the economy really *isn't* fucked and things *are* ok overall then we should start seeing 10k jumps in a day, then some selling, then another 10k jump. We shall see.

TLDR: Maybe things aren't fucked, and we have been sold a bill of goods called DOOM!!!!!

Super TLDR:
hero member
Activity: 2604
Merit: 961
fly or die
When I employ a DCA.. such as giving myself a weekly allowance, I try to hit the lows within that week... and if the week comes close to ending without my spending my allowance, then I will spend at whatever the price is at the end of that week.  Of course, you can set the days that the week begins and ends at any day that you wish.

From my point of view,  one of the problems with set it and forget it on most exchanges is that they do not let you set your DCA at an exact time, so they end up daily batching them and potentially front running them.  If they let you set an actual time then I would not be against any DCA practice with an exchange that allows for that.

I think I'll do it like you. I hadn't even thought about programming a timed order, I looked at my exchange and this doesn't seem to be an option anyway.

I guess there are regulatory issues with such orders, why was this one executed before that one, stuff like that.
full member
Activity: 840
Merit: 213
So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...   Cheesy

I guess bottom was missed by most of us at 16k. Now, RUN BTC RUN...

Nope!.. who is this “us”?

DCA and you never need to worry about #FOMO

DCA has the real charm of bitcoin investment.

Putting 100$ in bitcoin every month for three years gives:

"Wow! Buying $100 of Bitcoin every month for 3 years starting 3 years ago would have turned $3,600 into $7,387 (+105%)" https://dcabtc.com/
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 758
Merit: 1844
So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...   Cheesy

I guess bottom was missed by most of us at 16k. Now, RUN BTC RUN...

Nope!.. who is this “us”?

DCA and you never need to worry about #FOMO
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2050
Merit: 1184
Never selling
Nice.... we had lift-off while I was sleeping....


the pump seems to be almost as quick as the dump from 21k we had in Nov

Yeah it looks like a reverse bart on the weekly, nice to see.

Kind of reminds me of the move up from the 3k level in 2019. We were down there for what seemed like forever then up and away.
full member
Activity: 840
Merit: 213
So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...   Cheesy

I guess bottom was missed by most of us people at 16k. Now, RUN BTC RUN...
hero member
Activity: 938
Merit: 1891
bitcoin retard
So, is the bottom in ?

I guess so..

it would really crush souls if this was a fake-out and we made a new low in the next months...   Cheesy

legendary
Activity: 1612
Merit: 1608
精神分析的爸


the sl program is available on most linux/bsd distributions as package/port, i.e. on debian based systems just 'apt-get install sl', the rest is just 'alias btc-price=sl -l'

The other direction for that train would be MOAR better.


I find this kinda nitpicking, but not going to argue there, lets go the other way then.

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3431
Merit: 1233
It's starting to play my emotions.  Grin Sad Shocked Huh Undecided

Wait until x10... and +150K.
member
Activity: 125
Merit: 10
It's starting to play my emotions.  Grin Sad Shocked Huh Undecided
Jump to: