Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4122. (Read 26711605 times)

https://www.youtube.com/watch?v=7wBg1lBKtyg

When moon?

Brave nice 👍

I think I just made the biggest decision of my life. I have converted nearly all my savings in fiat that I have amounted over my life time and invested all of it into Bitcoin @ around $36,850. I am in a weird place now because I know it is the right decision and I have confidence in my decision but I am shaking all over the place. I have kept some emergency fund in my personal bank and if any other unexpected costs arise I will be prepared to take out what is required again from my Bitcoin fund.

The process of buying this amount was not easy I had to call my bank because the transaction was blocked then I had to wait 20-30 minutes for the bank to answer me. After that the customer service guy tried to lecture me about how cryptocurrency is very risky to invest in. I told him I had been around number of years but he said he had to go through all of it. I then had to confirm that I wanted to send this amount knowing the risk. They wanted me to come into the local bank and confirm some details but I told them because of the snowy conditions that would not be possible. He then allowed me to go through verification and send the amount. This probably took me over 2 hours to complete because I was put on hold many times. But do you know what the biggest eye opener of this experience was? with Bitcoin I would not need to go through this waste of time confirming my details because now I am my own bank. I do not need permission to spend my money even if it is for a risky investment. I am both relieved and scared. I have a lot of faith and I think I have bought at the best possible time and before completing the purchase I was 99% sure this was the right thing to do but the nerves have kicked in and I think I am probably about 60% sure now.

Good point, maybe it's not clear. When it rises when price is near the highs, it's not much of a sign, as price can then dump afterwards (as well as whales), such as early 2021. When price is at lows and whales accumulating, then it often leads to price increase however, such as during Summer last year. Whales have been accumulating more since $55K correction down to $33K would be the relevant point here.

Whales dumping otherwise doesn't mean so much, they usually consistently sell & buy while price is rising, like from April 2020 to around March 2021, simply as old whales sell and new whales buys it seems. Or whales generally going in and out of positions quite regularly. Over all, since whales reached a low in March 2021, they have been consistently accumulating for nearly a year now. This is generally a good sign.

Explanation

Saw that today on Twitter but I can not read what that means. It gone up in the past and dumped. It gone up in the past and pumped.

Probably nothing.



https://twitter.com/woonomic/status/1485677497971019777

Exactly!

*I* may have said something that could be interpreted that way.  It's be hard to steer clear of myself.  But there is a great deal of nuance there if I did.

The sad ruined frog-person who founded Twetch blamed his failure on Calvin and Craig by saying "The tech works, but brand is everything".

And I think he is missing the elephant in the room.  Because there is no doubt that those two are a major negative for BSV.  I believe both of them to be different sorts of frauds.  But the fundamental issue is running TWITTER on an immutable database that aims to add more than a whole hard drive per day will end up being run by a centralized group of people, and then those people can conspire to wreck a business like Twetch.  I have watched this drama unfold.  And I do not know all the details.  But it is certain that this guy is on the outs with C&C, and they were pushing him out of the "BSV community".

But ultimately I think storing a bunch of shitposts on an immutable database is a HUGE ASS fundamental error.  And blaming your failure on a couple d-bags is missing the point.  It has nothing to do with brand... it is missing the point of what a blochain is for and ignoring that 16 nodes is not decentralized anymore.  C&C aim to get a court order to take Satoshi's coins... lol.  The chain has to be centralized to even do that.

Would love to see that but stock market still dumping and the FED thing is on Wednesday. I hope its not a pump due to insider information before they dump the FED news.

Not really, think you might just be stuck in the past here. Volatility reached 14 month low and now is rebounding, unsurprisingly after the move to the downside. There is no information that is leading to this, neither is there a need for any information. Short traders would have been taking considerable profits, while others would have got squeezed or otherwise taken out of positions. Price was otherwise considerably oversold on the Daily chart, so whether the bounce came from $36K, $34K or $33K, today or last week, is somewhat irrelevant here, given it was due either way. Nothing ever goes up or down in a straight line.

Whether it's a dead cat bounce before returning to the lows (or new lows) remains to be seen, I think price action around $40K to $50K levels will give a clearer picture. It's just the first time we've seen a doji reversal candle like this (after some capitulation) for a while. Since August or June last year roughly. Maybe you just forgot what a rebound looks like  

Parallel channel of 12-month consolidation at highs is otherwise holding as support, at key volume support. Nothing that 2-3 months of downside was going to change in a hurry:

40k by end of day.

Relief rally? Or trap before the next bigger dump?

sandwich 🥪

the rise should keep going.

may we go north of 40k by the days end

Explanation

mean while big green dildo

37.4 and rising

100% this! Couldn't have said better....  

It was obvious since day 1 that forks are doomed!

lol ... this is the first time I've seen Theymos post a GiF.