Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3298. (Read 26716281 times)
July 04, 2022, 05:57:46 PM
above 20K
July 04, 2022, 05:56:35 PM
July 04, 2022, 05:55:26 PM
are we sane?
are we bored?
are we still in Bear Market?
July 04, 2022, 05:37:24 PM
The number of non-zero bitcoin addresses and coins in them keeps increasing throughout this bear (i posted the link here: https://bitcointalksearch.org/topic/m.60504546), which makes me think that it is a fake-out engineered by the Wall street to bankrupt early lending firms (Blockfi, celsius, Voyager) and replace them with THEMSELVES with people like SBF being in kahoots with banks, most likely.
The fact that BIS now allows 1% of funds in a banks assets being bitcoin and etc. points to this dynamic as well.
It was all totally FAKE (at least as far as 67.6-69K top is concerned) and very similar how they pushed Internet stocks deep down in 2001-2002 to take the major positions in them at a deep discount.
The fact that BIS now allows 1% of funds in a banks assets being bitcoin and etc. points to this dynamic as well.
It was all totally FAKE (at least as far as 67.6-69K top is concerned) and very similar how they pushed Internet stocks deep down in 2001-2002 to take the major positions in them at a deep discount.
Totally possible
The last months of dumping looked rather fake and rushed (e.g. no bounces) in face of not even having had a parabolic spike top...
IMO nobody would sell that way, if he didn't want to collapse the price.
The question is: Was it to simply hurt Bitcoin or was it to get a big position?
Like you, I tend to think it's the latter.
Because if it was the former "they" would probably just create some harsh legislation and destroy the market.
Also, big players like Intel starting selling ASICs is a hint for me.
July 04, 2022, 05:16:18 PM
are we sane?
The definition is debatable.
well sanity has its downsides anyhow. overrated.
thats why I like to compliment people by calling them my favorite type of crazy.
BTW
July 04, 2022, 05:15:01 PM
are we sane?
The definition is debatable.
well sanity has its downsides anyhow. overrated.
July 04, 2022, 05:01:59 PM
The number of non-zero bitcoin addresses and coins in them keeps increasing throughout this bear (i posted the link here: https://bitcointalksearch.org/topic/m.60504546), which makes me think that it is a fake-out engineered by the Wall street to bankrupt early lending firms (Blockfi, celsius, Voyager) and replace them with THEMSELVES with people like SBF being in kahoots with the banks, most likely.
The fact that BIS now allows 1% of funds in banks total assets being bitcoin and etc. points to this dynamic as well.
Conclusion: It was all totally FAKE (at least as far as 67.6-69K top is concerned) and very similar to how they pushed Internet stocks deep down in 2001-2002 to take the major positions in them at a deep discount.
The fact that BIS now allows 1% of funds in banks total assets being bitcoin and etc. points to this dynamic as well.
Conclusion: It was all totally FAKE (at least as far as 67.6-69K top is concerned) and very similar to how they pushed Internet stocks deep down in 2001-2002 to take the major positions in them at a deep discount.
July 04, 2022, 05:01:20 PM
July 04, 2022, 04:19:53 PM
OT: Dutch farmers to their WEF-controlled govt: "Fuck you!"
https://twitter.com/TheRealKeean/status/1543300949870927873
https://twitter.com/TheRealKeean/status/1543300949870927873
The Dutch will go hungry if the farmers keep the protests up. Blocking many food distribution outlets from what I've read.
Maybe McDonald's is unaffected.
75% of our food is imported so we will only harm our export.
But yes we are expanding the Maasvlakte with poluting petrochemical companies however cow farts and farmers are apparently the problem.
July 04, 2022, 04:03:32 PM
July 04, 2022, 03:01:21 PM
July 04, 2022, 02:54:25 PM
July 04, 2022, 02:45:00 PM
are we sane?
The definition is debatable.
July 04, 2022, 02:35:18 PM
Another teenage mass murderer in the USA.
Happy Independence Day... Ugh....
Happy Independence Day... Ugh....
6 dead, dozens wounded in shooting rampage at July 4th parade in Chicago suburb of Highland Park
Don't know what's stopping usa from reviewing there gun law. This is crossing limits now.
July 04, 2022, 02:04:54 PM
July 04, 2022, 01:45:23 PM
Another teenage mass murderer in the USA.
Happy Independence Day... Ugh....
Happy Independence Day... Ugh....
July 04, 2022, 01:13:30 PM
Coming in here as a complete bear troll and spouting fear maybe worked in the early years, but they now realize that too many staunch bulls hang out here.
IT'S ALL FALLING APART MAN.
SHIT IS OVER. SELL NOW WHILE YOU CAN.
CRAIG WRIGHT IS GOING TO FUCK US ALL WITH LAWSUITS.
IT'S GOING TO ZERO.
Meanwhile many like me who have bought bitcoin on 19k with hope that this is the bottom.
Image source
July 04, 2022, 01:12:52 PM
July 04, 2022, 01:12:21 PM
lower bottom or not, I think of a major bounce in the next 2-8 wk, maybe even into September.
SP500 to 4300 (at least)
btc to above 28-29K (at least)
next couple of days are less clear, though.
This bear market is different and even more unpredictable than usual. For the moment it looks like any 5% increase is followed by a 15% drop. Nothing has changed since the last ATH. And this can only be explained by a massive BTCictoin spending as collateral to avoid liquidation and insolvency. Nobody knows if in the next days another fund will explode with 10K+ BTCitcoins on fire sell. For that reason most of the investors either lost interest or wait at the sidelines for the dust to settle. The so called institutional investors are hard to attract and even harder to keep when the price is 50%+ below their purchase price. Even if there is a disbelief rally to 35K+ in the coming weeks, the remaining institutional investors will sell at break even and some of the hodlers will sell something, knowing that a revisit to 20K is to be expected. If the pattern of the previous cycles is kept, the average price will gradually increase to 3x from the bottom until the end of 2024. Examples: 10K->30K, 15K->45K, 17.5->52.5K. And if there is a new ATH in 2025, it might be around only 2x from the last, i.e. 140K. This is what I think, but I might be awfully wrong in both directions, like sub 10K bottom and no new ATH in 2025, or the other extreme - a new ATH beyond 300K.SP500 to 4300 (at least)
btc to above 28-29K (at least)
next couple of days are less clear, though.
Based of the previous cycle, the increase from the bottom was 3K end of 2018 till 14K in june 2019, so almost x5 not x3.
yes, but (14/3.1)X 17.6 would be 79.5, an ATH, while in 2019 we went to roughly 70% of prior ATH.
70% of 67566 is 47.3K, a very possible number that already figured multiple times in prior discussions.
I just don't want to talk about it as a high probability target mid term. If we get there, it would be awesome, sure.
So 69k -> 17.6K -> 47K -> final bottom 9/10K -> new ATH 140K ?
Or 69 to 17.6 to 47 to 21.5K, then to 175K.
21.5 is based on 3.8K/3.1K prior double bottom ratio.
175K is based on roughly 10X from the bottom (it would be 140k if we bottom at 14K).
rational: we seem to have diminishing series of % growth from the bottom. The last one was roughly 22X and the numbers before were 113X and 580X (in reverse order).
Of course, 10X is optimistic.
The exact series would suggest just ~4.4X, but then it would be "just" 77.5K.
I dismiss that (4.4X) because I think that "natural" progression of btc was affected downwards by the chinese move, hence next cycle might compensate upwards.
July 04, 2022, 01:04:59 PM
Jump to: