Those dumps from past years until now will look the same by 2025-2030 ore so.
If you can't handle the dumps you ain't worth the pumps.
Anyway, had a nice breakfast and took a big scoop pre workout supplement. Going to destroy the gym.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 3703. (Read 26731785 times)
May 12, 2022, 01:20:32 AM
Remember all that volatility in the past? It looks flat now.
Those dumps from past years until now will look the same by 2025-2030 ore so.
If you can't handle the dumps you ain't worth the pumps.
Anyway, had a nice breakfast and took a big scoop pre workout supplement. Going to destroy the gym.
Those dumps from past years until now will look the same by 2025-2030 ore so.
If you can't handle the dumps you ain't worth the pumps.
Anyway, had a nice breakfast and took a big scoop pre workout supplement. Going to destroy the gym.
May 12, 2022, 01:18:27 AM
And did it ever came to your mind, that your idea was in fact stupid, and you just got it right out of pure coincidence?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
You haven't seen my other ideas. I won't call my idea stupid or coincidence.
I called that BTC will touch 200 Weekly Moving Average, so falling on that trendline is part of it.
My TA has absolutely everything to do with me being right this time, thanks for your time though.
I mean:
Your TA can be right or wrong. But it being right (or wrong) can be totally independent from any TA skill you might have.
You will probably notice, when your TA is failing you big time. And I promise, in bitcoinlandia you will make that experience, no matter how much confidence you have in your TA.
So from "This time" to Future analysis, funny how the odds changed.
May 12, 2022, 01:14:59 AM
And did it ever came to your mind, that your idea was in fact stupid, and you just got it right out of pure coincidence?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
You haven't seen my other ideas. I won't call my idea stupid or coincidence.
I called that BTC will touch 200 Weekly Moving Average, so falling on that trendline is part of it.
My TA has absolutely everything to do with me being right this time, thanks for your time though.
I mean:
Your TA can be right or wrong. But it being right (or wrong) can be totally independent from any TA skill you might have.
You will probably notice, when your TA is failing you big time. And I promise, in bitcoinlandia you will make that experience, no matter how much confidence you have in your TA.
May 12, 2022, 01:13:14 AM
Each BTC sold is having a buyer, some are selling at crazy low prices and some are doing the deals of a lifetime…
Fortunately, I can consider myself in the latter.
HODL mode is activated.
May 12, 2022, 01:10:39 AM
It's not that you are the first to note that bitcoin periodically retests 200 WMA, far from it, so it is not really that big of a deal if it happens (or not).
But...have a cookie.
But...have a cookie.
But some people here said it won't happen because Saylor and EL SALVADOR is on the boat with them.
Haha, What's the point of being in the market since 2014 if you can't see a similar pattern. (Not you Biodom, I like your cookie).
Nevermind. Have fun buying.
May 12, 2022, 01:08:30 AM
In 2000 internet/biotech led the decline, followed by SP500 cratering within 6-10mo.
This time, "crypto", biotech and "internet" (FAANG) are cratering (at -50-60% already).
Maybe a bounce in June-July, then a true SP500 crash in the Fall, as usual?
This time, "crypto", biotech and "internet" (FAANG) are cratering (at -50-60% already).
Maybe a bounce in June-July, then a true SP500 crash in the Fall, as usual?
May 12, 2022, 01:07:53 AM
Imho there is not much to say now
Only a lot of no coiners are created, a lot of BTC maxis are created ….
Each BTC sold is having a buyer, some are selling at crazy low prices and some are doing the deals of a lifetime…
Decide which you team you wanna join…
Only a lot of no coiners are created, a lot of BTC maxis are created ….
Each BTC sold is having a buyer, some are selling at crazy low prices and some are doing the deals of a lifetime…
Decide which you team you wanna join…
May 12, 2022, 01:04:58 AM
May 12, 2022, 01:04:17 AM
My intent here was not to discuss other topics, but this is of prime importance. The short version:
Current events are playing out as an attack on the use of Bitcoin as a reserve currency - the thing that we are urging whole countries to do.
I largely agree with the above-quoted portion, but not with the analysis of what the attack is. And I strongly disagree with some other people's posts wishing for Terra to go bankrupt.
WO is the wrong place to debate altcoins, so I will minimize talk about Terra here other than to disclose upfront that I recently bought an economically negligible amount of LUNA. I am obviously in no position to be making altcoin investments, much less to gamble on whether Terra can recover from a death-spiral. I did it on principle. I am marking my endorsement of permissionless currency, and I am protesting against Yellen, the Fed, and USG. Yellen called out and targeted UST by name, so Terra must be doing something right.
Yellen's yellin' against UST? I must hold some LUNA - even a token amount, so to speak, bought for almost-nothing with the almost-no-dollars I had available. Whether or not you agree with me, you can probably see whence I come.
Beyond that: This is about Bitcoin, and I am here to talk about Bitcoin.
There is now propaganda chatter out there urging Terra to abandon Bitcoin as useless, and backstop themselves with USDC instead. Pause to contemplate why.
It all boils down to attacking public confidence in Bitcoin - starting with Bitcoin's viability as a reserve currency, then proceeding to general confidence in Bitcoin (the thing which, when lost, sent Terra/Luna into a death spiral). And Bitcoiners wishing bankruptcy on people who rely on Bitcoin as sound money are not helping.
I declare that Bitcoin is sound money. This means that if a large holder has an emergency where they must dump to meet their obligations, I can't criticize them for relying on "Bitcoin reserves" to do what that says on the tin. To the contrary.
If El Salvador had a national crisis tomorrow, and they urgently needed to dump their BTC to feed their people, then I would be pleased at the demonstration that BTC could save a whole country. Complaints about the temporary effect on the price, similar to what I am seeing from a few people here, would be tantamount to telling everyone that you are allowed to pump BTC by buying in bulk - but if you very urgently need that money, then Bitcoiners will publicly insult you, ridicule you, and wish you to get wiped out.
Thus, even though this market crash is what got me liquidated, I do not blame Terra. I blame myself for having put myself in a ridiculously stupid position where I could lose BTC from a dip. If my BTC had been in my wallet where it damn well belongs, I would not even be upset right now!
If a large entity urgently needed to swap huge amounts of XAU/USD in a hurry, then gold would dip, too. I think that gold is a rock-solid, reliable reserve currency. And I think that Bitcoin is an excellent reserve currency!
I should also note, I suspect that the direct effect of Terra's BTC sale is probably overestimated here.
We are now deep into the territory of cascading liquidations of every margin-account idiot who lacks the resources to survive a drop deep below $30k (including myself). On my exchange, a few hours ago, there was a BTC dump that smashed through the order book as low as $24,760 when the mid-market price was still well over $28k. I am no mood to analyze this more than superficially now, but I am pretty sure that must have been a huge liquidation - one of many! As I was writing this, another order sliced down as low as $26,377 with the mid-market over $27,300. It just keeps going, and going... The market is now being flooded by an extreme long squeeze.
I also see indications that shorts are increasing, not covering. Someone out there with sky-high capital is pulling out all the stops to dump us as low as possible, as fast as possible.
Thus, I suspect that at this point, we are suffering from many factors other than the direct effect of the Terra dump - while it mostly gets blamed on Terra. Look over there! Neat trick.
If margin-account idiots (including myself) had not conveniently lined themselves up like dominoes to get knocked down by Terra's dump, then I think that the Bitcoin market would have been sufficiently robust to absorb the shock without opening an opportunity for highly-capitalized shorters to amplify the damage - knocking the dominoes down further and further, in a vicious cycle of Terra dumps, cascading liquidations, and massive shorts. Anyway, that is my current theory - based on the "ground truth" of what I am seeing happen.
I have confidence in BTC. I welcome anyone and everyone to rely on BTC as a cash reserve asset. MicroStrategy with their corporate cash reserve. El Salvador with their national reserve. Terra with the reserve backstopping LUNA for their peg obligations. Everybody should use Bitcoin!
My confidence in BTC makes me dearly want to keep some, so that I’m not totally left behind when the price recovers and rockets off again. As Jay says, people prepare for downside, but not the upside - I only fear the downside when that could take away my upside, due to bitcoins being not in my wallet where they belong. Please, Bitcoin, find some support. $26,600 is low enough for a local bottom; please don't crash to the $25k range where I could get liquidated again... Or at least give me some time, some room to breathe here... Yes, I should probably stop writing forum posts, and return to the task of struggling to scrape together enough assets to free my remaining piece of a bitcoin. It’s hard, when this margin account already ate almost everything in my futile attempts to avoid liquidation.
From my post history, you can see that I am so strongly against selling BTC, I just lost BTC to liquidation around $28,500 because I refused to sell $35k margin buys at $47k. But my extreme aversion to selling BTC at any price is a personal thing. I do not seek to impose it on others - although of course, I do tell others when it is economically stupid to sell BTC. Usually, it is economically stupid - when you have a choice. Terra has no choice.
In the past, I have sometimes rationed my food intake to avoid spending too much BTC. No joke. But that is a personal decision - and on the flipside, Bitcoin has literally saved my life at times when I had no other money. Am I "overinvested"? Eh, probably.
I promote Bitcoin as money. That means I can't criticize people for relying on Bitcoin to satisfy their obligations. Terra has an obligation to use all of their available resources to make UST holders whole at a rate of $1.00 for 1 UST. If they are spending/selling Bitcoin for that - well, Bitcoin is money!
Current events are playing out as an attack on the use of Bitcoin as a reserve currency - the thing that we are urging whole countries to do.
I’m thinking this was an attack on bitcoin, not really Luna, but used Luna to attack bitcoin..
[...]
Prime target.. Bitcoin..
[...]
Prime target.. Bitcoin..
I largely agree with the above-quoted portion, but not with the analysis of what the attack is. And I strongly disagree with some other people's posts wishing for Terra to go bankrupt.
WO is the wrong place to debate altcoins, so I will minimize talk about Terra here other than to disclose upfront that I recently bought an economically negligible amount of LUNA. I am obviously in no position to be making altcoin investments, much less to gamble on whether Terra can recover from a death-spiral. I did it on principle. I am marking my endorsement of permissionless currency, and I am protesting against Yellen, the Fed, and USG. Yellen called out and targeted UST by name, so Terra must be doing something right.
Yellen's yellin' against UST? I must hold some LUNA - even a token amount, so to speak, bought for almost-nothing with the almost-no-dollars I had available. Whether or not you agree with me, you can probably see whence I come.
Beyond that: This is about Bitcoin, and I am here to talk about Bitcoin.
There is now propaganda chatter out there urging Terra to abandon Bitcoin as useless, and backstop themselves with USDC instead. Pause to contemplate why.
It all boils down to attacking public confidence in Bitcoin - starting with Bitcoin's viability as a reserve currency, then proceeding to general confidence in Bitcoin (the thing which, when lost, sent Terra/Luna into a death spiral). And Bitcoiners wishing bankruptcy on people who rely on Bitcoin as sound money are not helping.
I declare that Bitcoin is sound money. This means that if a large holder has an emergency where they must dump to meet their obligations, I can't criticize them for relying on "Bitcoin reserves" to do what that says on the tin. To the contrary.
If El Salvador had a national crisis tomorrow, and they urgently needed to dump their BTC to feed their people, then I would be pleased at the demonstration that BTC could save a whole country. Complaints about the temporary effect on the price, similar to what I am seeing from a few people here, would be tantamount to telling everyone that you are allowed to pump BTC by buying in bulk - but if you very urgently need that money, then Bitcoiners will publicly insult you, ridicule you, and wish you to get wiped out.
Thus, even though this market crash is what got me liquidated, I do not blame Terra. I blame myself for having put myself in a ridiculously stupid position where I could lose BTC from a dip. If my BTC had been in my wallet where it damn well belongs, I would not even be upset right now!
If a large entity urgently needed to swap huge amounts of XAU/USD in a hurry, then gold would dip, too. I think that gold is a rock-solid, reliable reserve currency. And I think that Bitcoin is an excellent reserve currency!
I should also note, I suspect that the direct effect of Terra's BTC sale is probably overestimated here.
We are now deep into the territory of cascading liquidations of every margin-account idiot who lacks the resources to survive a drop deep below $30k (including myself). On my exchange, a few hours ago, there was a BTC dump that smashed through the order book as low as $24,760 when the mid-market price was still well over $28k. I am no mood to analyze this more than superficially now, but I am pretty sure that must have been a huge liquidation - one of many! As I was writing this, another order sliced down as low as $26,377 with the mid-market over $27,300. It just keeps going, and going... The market is now being flooded by an extreme long squeeze.
I also see indications that shorts are increasing, not covering. Someone out there with sky-high capital is pulling out all the stops to dump us as low as possible, as fast as possible.
Thus, I suspect that at this point, we are suffering from many factors other than the direct effect of the Terra dump - while it mostly gets blamed on Terra. Look over there! Neat trick.
If margin-account idiots (including myself) had not conveniently lined themselves up like dominoes to get knocked down by Terra's dump, then I think that the Bitcoin market would have been sufficiently robust to absorb the shock without opening an opportunity for highly-capitalized shorters to amplify the damage - knocking the dominoes down further and further, in a vicious cycle of Terra dumps, cascading liquidations, and massive shorts. Anyway, that is my current theory - based on the "ground truth" of what I am seeing happen.
I have confidence in BTC. I welcome anyone and everyone to rely on BTC as a cash reserve asset. MicroStrategy with their corporate cash reserve. El Salvador with their national reserve. Terra with the reserve backstopping LUNA for their peg obligations. Everybody should use Bitcoin!
My confidence in BTC makes me dearly want to keep some, so that I’m not totally left behind when the price recovers and rockets off again. As Jay says, people prepare for downside, but not the upside - I only fear the downside when that could take away my upside, due to bitcoins being not in my wallet where they belong. Please, Bitcoin, find some support. $26,600 is low enough for a local bottom; please don't crash to the $25k range where I could get liquidated again... Or at least give me some time, some room to breathe here... Yes, I should probably stop writing forum posts, and return to the task of struggling to scrape together enough assets to free my remaining piece of a bitcoin. It’s hard, when this margin account already ate almost everything in my futile attempts to avoid liquidation.
From my post history, you can see that I am so strongly against selling BTC, I just lost BTC to liquidation around $28,500 because I refused to sell $35k margin buys at $47k. But my extreme aversion to selling BTC at any price is a personal thing. I do not seek to impose it on others - although of course, I do tell others when it is economically stupid to sell BTC. Usually, it is economically stupid - when you have a choice. Terra has no choice.
In the past, I have sometimes rationed my food intake to avoid spending too much BTC. No joke. But that is a personal decision - and on the flipside, Bitcoin has literally saved my life at times when I had no other money. Am I "overinvested"? Eh, probably.
I promote Bitcoin as money. That means I can't criticize people for relying on Bitcoin to satisfy their obligations. Terra has an obligation to use all of their available resources to make UST holders whole at a rate of $1.00 for 1 UST. If they are spending/selling Bitcoin for that - well, Bitcoin is money!
May 12, 2022, 01:03:35 AM
May 12, 2022, 01:01:43 AM
Hold On Please!
55%+ Down is already huge for me!
My family won't trust me anymore.
55%+ Down is already huge for me!
My family won't trust me anymore.
May 12, 2022, 01:01:28 AM
It's not that you are the first to note that bitcoin periodically retests 200 WMA, far from it, so it is not really that big of a deal if it happens (or not).
But...have a cookie.
But...have a cookie.
May 12, 2022, 12:54:12 AM
And did it ever came to your mind, that your idea was in fact stupid, and you just got it right out of pure coincidence?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
You haven't seen my other ideas. I won't call my idea stupid or coincidence.
I called that BTC will touch 200 Weekly Moving Average, so falling on that trendline is part of it.
My TA has absolutely everything to do with me being right this time, thanks for your time though.
ETH Chart just in case you still have doubts.
May 12, 2022, 12:44:17 AM
I like your humbleness 
I guess we have a newMasterluc PlanB visionary.
Enjoy your fame as long as it lasts... and have a cookie
Nothing was done for fame, I had a goal, I am on it.I guess we have a new
Enjoy your fame as long as it lasts... and have a cookie
Just shared my idea and got called stupid, just wanted to call them out.
Have a good day.
I don't think anyone called you stupid, but rather your "idea".
Anyways... why being so butt hurt? Why begging for approval so much?
And did it ever came to your mind, that your idea was in fact stupid, and you just got it right out of pure coincidence?
Don't you think there is the possibility that your TA has absolutely nothing to do with you being right, this time?
May 12, 2022, 12:38:00 AM
And I keep buying all the way down. For now with small amounts, but if we get close to 20K, with bigger amounts. It may happen even today, in which case I'm not prepared though.
I am buying too with my Daily DCA and I am loving it.
We will surely touch Realized Price (which is $24.5k) and below that is just bonus.
May 12, 2022, 12:34:43 AM
And I keep buying all the way down. For now with small amounts, but if we get close to 20K, with bigger amounts. It may happen even today, in which case I'm not prepared though.
May 12, 2022, 12:29:52 AM
OK, I'm not a TA Guru such as yourself, but doesn't that chart have an X and Y axis? So doesn't your "Trendline" now put us below $23.5 territory?
1. It's a weekly chart
2. No, It doesn't put you at $23.5 territory.
$23.5k is 14% away, not so far from the current price. Don't worry though, you will see an update.
remind us when it touches, pal, if ever.
Oh yea, sure. It will. May 12, 2022, 12:26:23 AM
Just 10% away from my price target.
If the price don't touch this trendline, I will never post any TA ever on bitcointalk.
remind us when it touches, pal, if ever.
May 12, 2022, 12:24:45 AM
Just 10% away from my price target.
Some D*ckheads who didn't believed my idea and called it stupid:
If the price don't touch this trendline, I will never post any TA ever on bitcointalk.
Some D*ckheads who didn't believed my idea and called it stupid:
^^^^^
Good lord dude. Are you proudhon's other account?
If you're going to insist on posting TA here, then try harder not to post complete garbage/junk with no "analysis" given.
Good lord dude. Are you proudhon's other account?
If you're going to insist on posting TA here, then try harder not to post complete garbage/junk with no "analysis" given.
Just fuck off immediately.
Bye bye... 
P.S. And yes, this is not TA. It's just a chart with a randomly placed arrow.
P.S. And yes, this is not TA. It's just a chart with a randomly placed arrow.
ImThour, are you seriously betting your TA privileges on a touch down to $25k territory? Because with no wordenings to go with your chartening, that's what it looks like to me. Bold Bearish call that! I'll miss your attempts at TA.
-Cope
-Cope
That chart and trendline is ridiculous..
You are seeming to show that you have not learned anything... even after some recent promises that you made that you would try harder.. blah blah blah.
You are seeming to show that you have not learned anything... even after some recent promises that you made that you would try harder.. blah blah blah.
OK, I'm not a TA Guru such as yourself, but doesn't that chart have an X and Y axis? So doesn't your "Trendline" now put us below $23.5 territory?
Jump to: