Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 14896. (Read 26723990 times)

legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
I have to admit theres a lot of big orders being thrown down at these levels.

Whoever is selling, thank you for the cheap coins. Appreciated as always!



Hear This Many times and Many of us thinking the same , but what When fiat runs out and theres No more fiat to buy any?? At that circumstances those can Just hope to go back up ?  Cool

Central banks are printing hundreds of billions every month. If you don't get any of those newly printed fiat money then bitcoin is not for you! You probably have much bigger trouble than current bitcoin price correction?


Mmmm in here you do not understand me very good .... i for myself have plenty of BTC and bought @this times but there are Many among us that are neckdeep in for sure whitout any fiat left .....  for myself i also have bought all standing fiat on Exchanges in BTC  Cool
member
Activity: 70
Merit: 21

Sadly, Enky Nakamura is another example of someone who just got worn out, and decided to sell everything off.

He stated that only a drop to 7.5k would signal a bear mart (which is correct in my opinion - critical level), but sold it off as soon as it hit ~8.5k.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
legendary
Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist

Dip is now accelerating by my calculations.  This means we should soon see a sharp snap back / whipsaw soon after it goes vertically down.  I would be cautious in buying back the resultant green candle.  We will need consolidation to properly reverse this trend and that is the one thing we are definitely missing.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
what a wonderful entry point for millions of robin hood users
legendary
Activity: 3431
Merit: 1233
I have to admit theres a lot of big orders being thrown down at these levels.

Whoever is selling, thank you for the cheap coins. Appreciated as always!



Hear This Many times and Many of us thinking the same , but what When fiat runs out and theres No more fiat to buy any?? At that circumstances those can Just hope to go back up ?  Cool

Central banks are printing hundreds of billions every month. If you don't get any of those newly printed fiat money then bitcoin is not for you! You probably have much bigger trouble than current bitcoin price correction?
legendary
Activity: 1834
Merit: 4197
I have to admit theres a lot of big orders being thrown down at these levels.

Whoever is selling, thank you for the cheap coins. Appreciated as always!



legendary
Activity: 1844
Merit: 1338
XXXVII Fnord is toast without bread

Another merit seeking post I am sure......what about the one quoted below?....I cannot wait for your next post that contradicts this one.

Yes, sorry about that.

Unfortunately the cynical, jokular side of my brain that takes 2 seconds to write posts does not often talk to the contemplative, analytical and research-orinted side which takes 2 hours to write them which is why I had to go away and check which one to believe in this case.

The ghost of the 2014 consolidation likes to haunt my sense of reality on a regular basis. Scarred for life after spending 18 months thinking "ok, this is the bottom". However, it would appear there is at least some logic to it after all that says things are indeed "the same but different this time" Wink

It's ok, I could go and edit the part I quoted if you do the same, just annex the last line with "/s" for clearly a sarcastic theory.

Or I will delete mine, and you can edit yours.

Edit:
I do appreciate your input and time that you take in showing your TA and opinions. Thank you.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
I have to admit theres a lot of big orders being thrown down at these levels.

Whoever is selling, thank you for the cheap coins. Appreciated as always!



Hear This Many times and Many of us thinking the same , but what When fiat runs out and theres No more fiat to buy any?? At that circumstances those can Just hope to go back up ?  Cool
sr. member
Activity: 1400
Merit: 347
The correction is technical, pure and simple.


I was thinking no TA works anymore, but your analysis seems very reasonable. I hope it works.

legendary
Activity: 3066
Merit: 1188

Torknormal - your post is very convincing, but you did also say "$1k" due to the Tether FUD.

Enjel = see above post.
legendary
Activity: 2758
Merit: 13660
BTC + Crossfit, living life.
Selling Goes slower and slower the three has been shaking hard enough by now however price is still high When we look to 1 year back , but iT would be Nice to start from here and finally Going to the high prices we all thought 2018 was Going to bring us
And Just turn This bloody red into greeeeen and especially me is not selling even not possible to sell BTC as they are all the way in belgium standing on ledgers as i am @thailand for holiday ..... maybe a few on Exchanges but offcourse not touching the eather @this times
I can handle This dips, BUT offcourse When in holiday like to see UPWARD pressure much more than This f****** downward movements  Roll Eyes
So for the other 11days give me a break to and let us all MOON together
legendary
Activity: 3431
Merit: 1233
I have to admit theres a lot of big orders being thrown down at these levels.

Whoever is selling, thank you for the cheap coins. Appreciated as always!

legendary
Activity: 3066
Merit: 1188

Another merit seeking post I am sure......what about the one quoted below?....I cannot wait for your next post that contradicts this one.

Yes, sorry about that.

Unfortunately the cynical, jokular side of my brain that takes 2 seconds to write posts does not often talk to the contemplative, analytical and research-orinted side which takes 2 hours to write them which is why I had to go away and check which one to believe in this case.

The ghost of the 2014 consolidation likes to haunt my sense of reality on a regular basis. Scarred for life after spending 18 months thinking "ok, this is the bottom". However, it would appear there is at least some logic to it after all that says things are indeed "the same but different this time" Wink
member
Activity: 70
Merit: 21
Torknormal - your post is very convincing, but you did also say "$1k" due to the Tether FUD.

I still haven't heard an explanation from anyone as to how USDT drives the whole market such that BTC would crash more than 30% if it turned out, say, that USDT has 0 reserves.

The latest one I heard was that Bitfinex and other USDT markets (which make up a fraction of the whole volume for BTC) impact everything else through arbitrage, and so if Bitfinex goes to $2000 BTC, then everything else will follow, all because of USDT with a puny 2 billion USD market cap.

Anything else?

Otherwise, I'm inclined to believe that the correction is fine, unless we hit 7.7k.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
I have to admit theres a lot of big orders being thrown down at these levels.
legendary
Activity: 4004
Merit: 4656
Not sure where we bottom, but PTB are surely playing with fire here, possibly.

In 2000, PTB started to opine about a "biotech bubble" (extreme bubble within the large nasdaq), which properly collapsed in Feb 2000, then all of Nasdaq followed in April, then ALL stocks followed in September.

One should be careful trying to puncture one "bubble", yet wanting to preserve the others (stock and bond market).
legendary
Activity: 1834
Merit: 4197
Simple.  YOUR coins are in YOUR control.  If they are on an exchange, they are NOT YOUR COINS.  Not that User705 needs to hear this, but there are a lot of noobs that need it drummed into their heads repeatedly.
Missed this as the pages whirled by.
Yep..should be a sticky somewhere..should be a required opsec course to get a forum account instead of these dumb ass sMerits. 
legendary
Activity: 2016
Merit: 1259
People, things are not complicated, this is not some kind of natural disaster, what is happening is that scammers at Scamfinex have to produce 1 US$ for every 1 USDT they produced out of the thin air, or they will go to jail. No matter how low the price is, they have no choice but to sell BTC, there's no other way they can produce US$. Point is they can not sell your coins, they can only sell theirs. It's that simple, why would anyone care if they loose the whole sum they've acquired through scam? They can either sell enough to cover the scam, or fail and go to jail. Sooner or later they will run out of BTC and the line will be drown under, their BTC will be in someone else hands, but your BTC will remain in yours. It's that simple, as someone said 1 BTC will always be 1 BTC, there's no reason to fear of their failure. Only way you can fail is to sell your coins, otherwise you can not lose because this is not your game that is happening right now.
What makes you think they can’t sell “your” coins?

Simple.  YOUR coins are in YOUR control.  If they are on an exchange, they are NOT YOUR COINS.  Not that User705 needs to hear this, but there are a lot of noobs that need it drummed into their heads repeatedly.
My bad I thought you were implying they can’t sell the coins you think are “yours” on their exchange.  Wink

I think you are probably correct.  My statement was more of a support to yours  Wink
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