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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1217. (Read 26630545 times)

sr. member
Activity: 700
Merit: 470
Hope Jeremiah 17vs7
Always do as they do, never do as they say you should do.

Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"


Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).

Haha I have been telling a buddy that is very well off to get in for well over a decade and he lost a ton on silver and stocks listening to that retard cramer and I sent him the headline with the etf's and he sent back "maybe that will clamp down the volatility" LOL, I sent back "Hope not, Buy the dips and sell the highs".

But its apparent to me the mainstream is pushing that narrative to the zombies when I heard it from him and you just posted that same coming from vanguard.
I guess that's why doing your own research from a proper source matters, I guess Vanguard will like to buy the dip that's why they made this comment.
Gold, Silver and other stock are better investment than bitcoin while Bitcoin as given better ROI for the past decade than them Grin

Quote
ADDED:

Quote
The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity."

*Sec as well, well the sheeple get what they deserve
At least better than their forex currency but its annoying when they speak as if Bitcoin is the only currency ever being used for illegal activity what about the dollar that has been existing for ages before Bitcoin and can they literally say Dollar is still not being used for illegal activities till now wonder if anyone has ever asked them this question during an interview or n in the Press

 Seriously I thought they won't be speaking about anything at the moment (guess they are too shameless) because it was shameful for the public to know that the mighty SEC are not privacy and security cautious for their number linking to their twitter (X) account to be gotten from a third party and they not also using 2FA
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
And when you thought things couldn't get any weirder your cordless screwdriver starts acting up:

Vulnerabilities on Bosch Rexroth Nutrunners May Be Abused to Stop Production Lines, Tamper with Safety-Critical Tightenings

-> https://www.nozominetworks.com/blog/vulnerabilities-on-bosch-rexroth-nutrunners




Apparently it cost too much to pay a human to check mission critical systems with a analog device now.

*glad I'm not going to be around for this future.

Well you just put a bullseye on the one real solution for this problem.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
And when you thought things couldn't get any weirder your cordless screwdriver starts acting up:

Vulnerabilities on Bosch Rexroth Nutrunners May Be Abused to Stop Production Lines, Tamper with Safety-Critical Tightenings

-> https://www.nozominetworks.com/blog/vulnerabilities-on-bosch-rexroth-nutrunners




Apparently it cost too much to pay a human to check mission critical systems with a analog device now.

*glad I'm not going to be around for this future.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!

Exactly. It's currently a drop in the ocean. As predicted by much of the media, it's barely relevant, much like when Bitcoin Futures initially launched. The interest was almost non-existent.


I am seeing some data that contradicts this.  Like the fact the Bitcoin ETFs pulled in over 1.2Billion in the first 30 minutes of trading.  This is nothing like the futures launch.  At least not yet.  I suppose if the inflow stops there it could cool down?

And:

https://twitter.com/JoeConsorti/status/1745527450358989212



This just tells me that all of those speculators that poured over 3% of all BTC in existing [619,162.0971] and got caught in GBTC discount with a 2% annual fee, can finally close their positions without paying steep discount. GBTC still has the nerve to charge the remaining idiots 1,5%/yr fee. Inflows into other funds seem to offset the dismantling of GBTC, watch their AUM closely.

I think you are likely right about this concerning yesterday's action.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Always do as they do, never do as they say you should do.

Vanguard: "BTC is bad mmkay, it's really volatile, so it's bad as a long term investment"


Meanwhile, Vanguard is number 2 and 3 shareholders of MicroStrategy (15% total) and Coinbase (14% total).

Haha I have been telling a buddy that is very well off to get in for well over a decade and he lost a ton on silver and stocks listening to that retard cramer and I sent him the headline with the etf's and he sent back "maybe that will clamp down the volatility" LOL, I sent back "Hope not, Buy the dips and sell the highs".

But its apparent to me the mainstream is pushing that narrative to the zombies when I heard it from him and you just posted that same coming from vanguard.


ADDED:

Quote
The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity."

*Sec as well, well the sheeple get what they deserve.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
If you are right regarding a local top Cramer would be too..  And, out of experience, that's extremely hard to swallow....

Even a broken clock is right twice a day.

That doesn't apply to Cramer. He seems to have a perfect track record of being a contra indicator  Cool

But that is also a trap that will be sprung so don't throw all your eggs betting on that one basket.

He is 100% used to fleece the sheeple though and there is no debate to be had there.
full member
Activity: 324
Merit: 221
Crossing the border undocumented and beating up innocent people in the street is illegal too but yet goes unpunished in the west now, so using BTC is fine.

If you want to really be pissed off about high level illegal shit watch "Dirty Money" on Netflix.  Something like 12 episodes about an hour long each. Each detailing stories dealing in billions of dollars. There is even a specific episode for GOLD (you know... that asset that the government seems to like)
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity."




These types of statements always piss me off.

Fun Fact Time

We Should Warn People About Crimes Commited With Cash

Quote from: Kenneth S. Rogoff
Then, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals.
https://www.independent.org/publications/tir/article.asp?id=1289#:~:text=Then%2C%20by%20assuming%20that%20any,circulation%20is%20used%20by%20criminals.

What About Bitcoin?
Quote from: CATO Institute
The latest Chainalysis numbers estimate that transactions involving illicit addresses made up only 0.12 percent of the total cryptocurrency transaction volume in 2021 and 0.24 percent in 2022.
Quote from: CATO Institute
Other assessments have gauged the share of illicit Bitcoin transactions at 0.1 percent to 5.1 percent in dollar‐​value terms (which the intergovernmental Financial Action Task Force has interpreted to likely be a floor). Even the high‐​end figures in the Review of Financial Studies article estimated that less than a quarter of the total dollar value of Bitcoin transactions through time was associated with illegal activity.
https://www.cato.org/blog/overstating-crypto-crime-wont-lead-sound-policy#:~:text=The%20latest%20Chainalysis%20numbers%20estimate,and%200.24%20percent%20in%202022.

Quote from: JOHN BOHANNON
When Bitcoin first emerged, law enforcement officers were "panicking," Meiklejohn says. "They thought these technologies were dangerous and made it harder for them to do their job." But as the arrests and convictions have rolled in, "there's a steady shift toward seeing cryptocurrency as a tool for prosecuting crimes." Even in the strange new world of Bitcoin, FBI Assistant General Counsel Brett Nigh said in September 2015, "investigators can follow the money."
https://www.science.org/content/article/why-criminals-cant-hide-behind-bitcoin

Fuck these idiots who make these statements and never bother to investigate the legitimacy of thier own claims.

Crossing the border undocumented and beating up innocent people in the street is illegal too but yet goes unpunished in the west now, so using BTC is fine.
full member
Activity: 324
Merit: 221
The SEC's Gary Gensler reiterated on live cable TV that "Bitcoin is a highly speculative volatile asset that is used for illegal activity."




These types of statements always piss me off.

Fun Fact Time

We Should Warn People About Crimes Commited With Cash

Quote from: Kenneth S. Rogoff
Then, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals.
https://www.independent.org/publications/tir/article.asp?id=1289#:~:text=Then%2C%20by%20assuming%20that%20any,circulation%20is%20used%20by%20criminals.

What About Bitcoin?
Quote from: CATO Institute
The latest Chainalysis numbers estimate that transactions involving illicit addresses made up only 0.12 percent of the total cryptocurrency transaction volume in 2021 and 0.24 percent in 2022.
Quote from: CATO Institute
Other assessments have gauged the share of illicit Bitcoin transactions at 0.1 percent to 5.1 percent in dollar‐​value terms (which the intergovernmental Financial Action Task Force has interpreted to likely be a floor). Even the high‐​end figures in the Review of Financial Studies article estimated that less than a quarter of the total dollar value of Bitcoin transactions through time was associated with illegal activity.
https://www.cato.org/blog/overstating-crypto-crime-wont-lead-sound-policy#:~:text=The%20latest%20Chainalysis%20numbers%20estimate,and%200.24%20percent%20in%202022.

Quote from: JOHN BOHANNON
When Bitcoin first emerged, law enforcement officers were "panicking," Meiklejohn says. "They thought these technologies were dangerous and made it harder for them to do their job." But as the arrests and convictions have rolled in, "there's a steady shift toward seeing cryptocurrency as a tool for prosecuting crimes." Even in the strange new world of Bitcoin, FBI Assistant General Counsel Brett Nigh said in September 2015, "investigators can follow the money."
https://www.science.org/content/article/why-criminals-cant-hide-behind-bitcoin

Fuck these idiots who make these statements and never bother to investigate the legitimacy of thier own claims.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation
Chartbuddy thanks talkimg.com
legendary
Activity: 1526
Merit: 2617
Far, Far, Far Right Thug
Jim Cramer and these ETFs need to stay well clear of BTC.
All a bunch of trouble that isn't needed.

If you want BTC, there are avenues to get it. These ETFs are just shoddy smoke screens used by parasitic companies to make money. You don't have the keys when you buy.
Such BS.
legendary
Activity: 1722
Merit: 2213
JIM CRAMER says:  Major top in Bitcoin... BTC MAJOR! 🥴

But I sincerely believe he gives spot-on reverse signals  Grin



Unfortunately too many speculators rely on these "reverse signals", because they are right 95-99% of the time. But what about the 1-5% when they actually get it right? No-one mentions it, because if you've been calling a top in Bitcoin throughout 2023, you're eventually going to make a right call is the reality. It reminds me of Il Capo; if you call a top enough times, eventually you'll get it right! No credit necessary...

As for the chart, this is so far going as anticipated, ie buy the rumour sell the news. The Weekly candle, which is the most relevant right now, as is turning into a massive doji reversal, the likes we haven't seen since October 2021, ie with a 10% wick to the upside, nothing else comes close. There were a few in July and August last year, as well as February 2022, prior to price correcting, but nothing as substantial.

In fact, if price ends the week below $44K, with a -10% wick, it'd be the longest bearish wick since June 2019 that was -20%. Obviously this doesn't mean price will definitely move to the downside, only that out of the handful of bearish doji candles in recent years, all of them led to a correction of some sort; whether that was minor or severe. That said, the current structure still remains bullish above $43K.

I have some ladder down buys at

40110 or close to that
39100
38080

down to around
32101


If support levels break, I think $30K to $40K will be the accumulation level for the next 6 months ish. On the way down and then on the way back up. Unless you're trying to catch a black swan event or capitulation below $25K, I think 6 months of DCA would result in a tidy ~$35K average price personally. Wouldn't be surprised to see a re-test of $47K before end of week though, as the post ETF sell-off has occurred too quickly. Either that or price simply trashes $42K/$43K support level and pretends like it never existed in the first place. One month of volume support currently having no reaction from the bulls which is odd.
legendary
Activity: 4326
Merit: 8950
'The right to privacy matters'
JIM CRAMER says:  Major top in Bitcoin... BTC MAJOR! 🥴

But I sincerely believe he gives spot-on reverse signals  Grin



Unfortunately too many speculators rely on these "reverse signals", because they are right 95-99% of the time. But what about the 1-5% when they actually get it right? No-one mentions it, because if you've been calling a top in Bitcoin throughout 2023, you're eventually going to make a right call is the reality. It reminds me of Il Capo; if you call a top enough times, eventually you'll get it right! No credit necessary...

As for the chart, this is so far going as anticipated, ie buy the rumour sell the news. The Weekly candle, which is the most relevant right now, as is turning into a massive doji reversal, the likes we haven't seen since October 2021, ie with a 10% wick to the upside, nothing else comes close. There were a few in July and August last year, as well as February 2022, prior to price correcting, but nothing as substantial.

In fact, if price ends the week below $44K, with a -10% wick, it'd be the longest bearish wick since June 2019 that was -20%. Obviously this doesn't mean price will definitely move to the downside, only that out of the handful of bearish doji candles in recent years, all of them led to a correction of some sort; whether that was minor or severe. That said, the current structure still remains bullish above $43K.

I have some ladder down buys at

40110 or close to that
39100
38080

down to around
32101
legendary
Activity: 1722
Merit: 2213
[
But the lack of proudhon posts is not a good sign.

And the current 15-min chart is mental torture...

Looks like most is going into Vitalik's shitecoin.
As usual, it will flow back later.

Most people don't realize, it's the ETH market that the traders play now. Bitcoin used as a lever.

Indeed, always has been always will be  Grin

It doesn't even matter that the chart looked like (looks like) shit to most, the relevance is that like Bitcoin's price, it's market dominance has been on bull run for the past year, and as always, it was never going to last long-term or be sustained. I'm still dubious if altcoins are really going to have a rally here, but it looks like they have about a years worth of trying to catch up at a minimum.

To clarify how it really works; the smart traders stay the fuck away from shitcoins when Bitcoin is pumping - ie for all of 2023. The irony being there are many shitcoins that have doubled in value in 2023, meaning they are only went down around -35-50% against Bitcoin. So there remains a lot of opportunities for shitcoinery, when the concept of a "missed pump" doesn't apply if you were holding Bitcoin, because you can still buy shitcoins at the same fiat prices as 2023 using satoshis, obviously with the intention of increasing satoshis, with fiat values becoming completely irrelevant, it's all about Bitcoin value.

That said, I'm not convinced about a new altseason, it'd require Bitcoin to stabilise and consolidate sideways for a few months. Any dump below $40K will likely have the inverse effect, and Bitcoin's market dominance will simply continue to grow. But ultimately, people want to speculate on coins that are still down 90-95%, as opposed to -35% like Bitcoin, because there is much further upside potential. The shitcoin market is such a filthy arena that you only need 10-20% of trades to go as planned to increase your Bitcoin stash. Pretty sure a monkey or ape could out-trade most of Wall St to be honest.
legendary
Activity: 1834
Merit: 4197
JIM CRAMER says:  Major top in Bitcoin... BTC MAJOR! 🥴

But I sincerely believe he gives spot-on reverse signals  Grin



Unfortunately too many speculators rely on these "reverse signals", because they are right 95-99% of the time. But what about the 1-5% when they actually get it right? No-one mentions it, because if you've been calling a top in Bitcoin throughout 2023, you're eventually going to make a right call is the reality. It reminds me of Il Capo; if you call a top enough times, eventually you'll get it right! No credit necessary...

As for the chart, this is so far going as anticipated, ie buy the rumour sell the news. The Weekly candle, which is the most relevant right now, as is turning into a massive doji reversal, the likes we haven't seen since October 2021, ie with a 10% wick to the upside, nothing else comes close. There were a few in July and August last year, as well as February 2022, prior to price correcting, but nothing as substantial.

In fact, if price ends the week below $44K, with a -10% wick, it'd be the longest bearish wick since June 2019 that was -20%. Obviously this doesn't mean price will definitely move to the downside, only that out of the handful of bearish doji candles in recent years, all of them led to a correction of some sort; whether that was minor or severe. That said, the current structure still remains bullish above $43K.


a strike rate of 5% or less should be considered noise and most likely is imo....as for the weekly candle, it is presenting as a shooting star...for now...but...its just a long wick until closing bell
 
in other words you have to wait for it to be something before it actually is....but surely...that does not mean 'we' cant speculate about it   Cheesy

that being said...it appears to be a good accumulation zone forming over the next couple of weeks   

dyor

D

stronghands

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