Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3308. (Read 26715991 times)

Explanation

I think i understand this as a personal fight for a freedom amd not collective one could give a rising, the so called manipulators will never gibe room for rising on every individual, but he that finds that opportunity for an escape through bitcoin is free indeed, this is what the government and the so called economy manipulators feast on, our wealth, profits interests, rights, and strength, that's why freedom isn't given but taken, soon bitcoin will rise to end their feast on us but only those that take courage in rising together with it will have the benefits thereof.

I think you are right about this, but to play devil's advocate the "it's different this time" angle is the one world communication system.

But back to the other side... the rulers have not only access to that, but seemingly control over it.

“The people will rise”, “the proles will rise”—this is one of the most damaging myths in history.

The people do not rise.  The proles do not rise.  But empty talk about it appeals to the conceits of the masses; it is a mirage of Hopium.  And this type of propaganda helps to paralyze serious-minded activists, if they are so naïve as to buy it.

No revolution in all of history ever resulted from the people rising of their own accord.

If you don’t get it, I don’t have time to explain it to you.


Um, where?  “Source” usually means a link and/or a name, unless it is something private in the manner of “(private correspondence)” or “journalistic anonymous sources”.

Explanation

If anyone wonders why I quoted Tyler Winklevoss’ vocal support for Zcash when it was hit with a stupid FUD-delisting from Bittrex, or why I point here and in other threads to what Adam Back has said about fungibility:  This is why.

The above-quoted statement is mere FUD, without details.  No time to add details.

We need to get strong privacy in BTC, ASAP.  Those who are thoughtless and shortsighted don’t see how this has been a war of precedents from the start; and they lack any perspective on the big picture, long-term view.

Bitcoin set a bad precedent, just because the needed technology had not yet been developed.  Satoshi himself was interested in ways to make transactions unlinkable and untraceable, but he didn’t know how.  Now, the burden of fixing this problem has fallen on altcoins.

Some excellent precedents have been set for privacy.  Besides privacy coins, I don’t think that any exchange will dare to target Ethereum with a FUD-delisting over Tornado.Cash and Aztec Protocol, which provide much stronger privacy than LTC.  But someday, strong privacy needs to come home to Bitcoin—preferably before BTC fungibility gets so wrecked that it causes irreparable economic damage in Bitcoin.  Lack of fungibility destroys confidence in a currency; that is an old and timeless monetary principle, which BTC defies at its peril.

In sceen
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Holders VS Economy Manipulators

Source: Twitter Related to Finance & Politics

Explanation

another one, another one...bites the dust.
dropping like flies...hopefully, we are close the end than to a beginning with those entities.

Voyager temporarily suspends trading, deposits, withdrawals, and loyalty rewards.


https://www.investvoyager.com/blog/voyager-update-july-1-2022/

i aint gay... dont be callin me gay......

I like the spirit, but timing is an issue re "in a raging bull market lots of us are selling". It's a pure guess on when you want to sell once it goes over previous ATH, I assume.
Immediately? Upon 2X from prior ATH? 3X?....not an easy answer. You sold and won (this time), but if it went to, say, 180K, the decision to sell at 60 wouldn't be so smart, right? Or maybe one shoud activate a steady small sell orders upon reaching some number and stick to it?
All I am saying is that the NEXT time it could be quite different (or not).
Now, when is a good time to buy? many bought at 50, 40, 30, now 20K. Was it a good buy at, say, 30K? Very well may be....in 2-4 years or so.
Personally, I did not sell any bitcoin at 60 to current, perhaps foolishly, albeit I took heavy profits in something else, so the cycle was not without profits.
I did take some profits in btc too early in 2017, so, maybe this affected my hesitation of selling above 60K, perhaps.

Re 'morons' who are selling....a whole gamut of those: late retail, leveraged a-holes, hedge funds who "have" to sell, etc.
In fact, i think that some major long term holders sold between 20K and 17.5K. Why? because bitcoin NEVER dropped below prior ATH before.
When something new happened, they took notice. Besides, some whale who bought at $20 does not really care of the price difference between 20 and 60K, he still made 1000X (not 3000X, sure).The idea that goes through their head is probably this one: IF btc went below prior ATH and is scraping just below 200 week MA, what else "new" it can do? Not relevant for me because I decided to play this one as long as I can while being mentally prepared for a low probability of even zero. It would be sad, but another experience of the gestalt.

no mindtrusting, sure.

That’s what I said at $35k–$38k.  That is why, in addition to BTC-collateralized debt taken for other purposes, I made significant leveraged buys in the range of $35,000 to about $38,800.  I felt smug and superior to all of the n00bs who got rekt buying BTC on margin at $67k.  By that logic, if there is any time to open such a position, it is in a bear market.  Instead of getting FOMO for green candlesticks like a n00b, I got excited at red candlesticks.  Cheap discount bitcoins!

When I had already exhausted my resources to buy BTC for cash, I attempted timing the bottom on leverage.

Welcome to my dollhouse.

For months, it felt like a smart bet that the bottom was already in at $32k—right?  Anyway, I felt sufficiently non-stupid as long as I could keep my liquidation price below 200 WMA.  (Which I did, far below—before some other things went wrong.  The best-laid plans of mice and men...)

The friend who advised me to cover later at $35k warned me that unpredictable black-swan events could crash BTC to any arbitrarily low level.  He told me so.  When I said, “What about 200 WMA,” his response was one of patient condescension.  He was right.  My condescension towards the psychotics who still cling to the myth of the 200 WMA “cycle bottom” is now impatient, and outright contumelious.

Oh, you mean to borrow against other assets in other asset classes?  Like maybe your home, if you own one?  I may have lost my BTC, but even I am not dumb enough ever even to imagine trying that—not even in the hypothetical—no way, never.  Food and shelter come first.  You don’t take that for granted, if you have ever lacked for them.

The 2008 global financial meltdown was partly caused by a housing market bubble.  It led to mass-foreclosures, i.e. liquidations of homes bought long on excessive leverage—including some who were not “subprime”.  It was the proximate cause of “The Times 03/Jan/2009”.

Now, in 2022, I have been musing on the possibility that there may be regional, perhaps even some national housing market bubbles, as capital fleeing inflation has ballooned housing prices.  It will be fun when those pop.  Well, not fun for those who wind up homeless.

Maybe leverage your stocks to buy BTC?  The stock market has been only a casino for most of the past century—ever since (a) the managerial revolution resulted in irresponsible executives, and (b) the market transitioned from a place to buy and hold for income from dividends, to a near-Ponzi-tier market for mere price speculation.  Anyone who owns stocks is a degenerate gambler, masquerading as an “investor”.  So, have at it!

Or are you actually Michael Saylor?  He does have enough assets to survive a BTC drop all the way to zero.  He is probably not feeling very good about his debt-backed BTC purchases.  But at least, he will be fine.

Explanation

Well, no recovery is in sight as the big companies are selling their BTCitcoins to avoid liquidation. May be this will stop soonish and the price will start to climb up again. By soonish I mean the end of the year. So it is wise to keep some fiat in case there is another 50% down from here. Nobody wants Vegeta memes again, but if we have to go through this pain again, at least we can keep some fiat and buy all the way down.

"What is LTC, and why should I care about it?"

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Incorrect. This is a gay male funhouse.

Compared to Bitcoin it just looks like another dead cat bounce from a dying shitcoin A decent 50%+ I'll give it that I guess. Didn't even make a new high against fiat in 2021...



It only reminds me of what happened December 2018 until April 2019, when Litecoin outpaced Bitcoin by 150%, until eventually making a new low by August. So if this does suggest anything, it'd be that Bitcoin is a due a strong bounce already, if some legacy shitcoins are already bouncing back (against BTC) with degen sepculation. Note the time-frame here, it was while Bitcoin was consolidating at the lows.

Probably most people forgot (or never cared in the first place) that during Bitcoin's consolidation between $3.2K and $5K, a lot of shitcoins were bouncing back already. It didn't last, but it was a pretty clear sign that speculation was returning to the market overall, especially when not placed in the right direction for the best returns, as most of them dumped 50% further against BTC by the end of the year.

If in doubt, always check the Bitcoin price

It's a firewall.