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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4157. (Read 26713333 times)

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2050
Merit: 1184
Never selling
Any bets on where this is going to end? Need to change the poll.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
Hang on a minute, is bitcoin dead?
Thought I'd drop by just to check.
Ah no, just a fire sale - get 'em while they're cheap. Last chance.
#haiku fail
The dump is caused by the creation of this project to meld cryptocurrency and reality into one..
Welcome to Crypto Land! Cool

https://www.youtube.com/watch?v=x26fUL_YB14

Somebody must of forwarded this project to Powell and he said "This is what crypto is all about!? Fuck NO!" Grin

Liked watching these two youtubers for how they rip into it. Nicknaming it Epstein island is about right.
https://www.youtube.com/watch?v=wpeeoHrd874
https://www.youtube.com/watch?v=MZzCyTRBfHo
legendary
Activity: 2050
Merit: 1184
Never selling

Same shit that was happening in the high 40s a few weeks ago.

What surprises me about this dip is that apparently there was very little new retail that bought from May to Nov last year. That move was made by LTH, and vast majority of that was not sold, and infact they LTH are buying again. So who is doing the selling to keep dropping the price, has spot buying/selling been made completely redundant now and these moves are purely from the futures markets?

Had to look up LTH.....  and that is be called yours truly.. (trying to keep the secret going somewhat, It's long term holders)......even though I am ONLY buying modestly... .,. and ONLY upon the price going down each $1k... been buying since around $59k  (maybe even $60k.. can't remember-- it was so long ago).. then sold a few when we bounced from $41k back up to $52k-ish.. and then back to buying again.. down to $39k.. just had one more buy order triggered.... Next comes $38k, then $37k, then $36k.. etc etc... I suppose that all of those count, even though not really considered to be a lot.., at least relatively speaking.. even though it has b een adding up to a higher BTC balance than I used to have at these prices previously... When were we here?  Around early August on the way back up from $28,800, no? and also briefly touched upon these $39ks in mid-September too, no? 

Hate to reward the bears with the BTC price going down.. but what can any of us do, except wait for the momentum to change back to UPpity.. at some point.. hopefully its coming.  Hate to have some dweeb like Biodom saying I told you so... hahahahahaha.. or worse yet Raja_MBZ or proudhon or even billynocoiner... there are gradations, of course... and surely prefer UPpity and punishing the bears as much as possible.. but if there is froth needing to be purged.. so be it.. who are we (or should I say "I") to say?


Gonna be crying all day long.. while buying every $1k that the price goes down, until running out of money.. crying the whole time...

 Cry Cry Cry Cry

I hear ya.
legendary
Activity: 2050
Merit: 1184
Never selling
It is amazing that the only coins that moved in this 2 month bear market are bought in the last 6 months, a.k.a. short term hodlers. Hence these guys alone are selling. Poor weak hands, they must be screaming like little girls while selling. I just wonder whether there is a single long term hodler to sell in panic now that we are 30K below the ATH 2 months ago? Probably none. And another thing. Is there a single daily trader, who can boast that he is in profit in the last year? Probably none. At least the stats show only liquidations and endless series of stop losses. It sucks to be a trader.  Grin

But where are they getting the coins? In the move from May to Nov most of the buyers were LTH with little selling history. And there is buying by the LTH again at these levels.
The term Short Term Hodlers (STH) combines the daily traders and new wanna-be hodlers who bought in the range 40K-60K. These were coins from Long Term Holders (LTH) who always sell on the way up, and not so much on the way down. Humans are predictable, so when a new investor sees his profit erased in the blink of an eye, he just can't help and sell on the break even in the best case. Glassnode stats clearly show that the movement of old coins itensified during the 2 bull runs in 2021 and went to 0% during the 2 dumps. All these bear wet dreams of cheap coins will soon die in ashes, because without the aid of old coins dumped on the market the crashes will be insignificant like the current one.

This is quite different from the bear market in 2018, when the old coins flooded the market during the run to 20K and the recovery to 12K. Now, if we assume that the current situation is a big bear manipulation, then these must be new players, completely ignorant regarding Bitcoin specifics. They can't bring the price down simply by selling each time there is a small pump, like with stonks. They need a help from the old coins, which could be lured only above 60K. But then they might be surprised again by the lack of such event, since the hodlers are waiting for 100K and fewer will sell at 60K than in 2021. So it is a win-win for the bulls even mid-term, not to mention long term.

This is what I'm talking about, but being that during the move up from the 30k mid last year we didn't get much LTH selling. How have the STH so many coins to sell at the moment?

It seems like we should be at or near the bottom, going off the supply metrics, but price still going lower. Futures must be playing a part by adding artificial selling supply.

I agree with your mid-term long-term, but if we get back down to last years lows, I'll be pretty shocked especially with no LTH selling.
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
Tomorrow will be better.

member
Activity: 330
Merit: 23
Top Scientists conspired to cover up lab leak investigation
Quote
Scientists believed Covid leaked from Wuhan lab - but feared debate could hurt ‘international harmony’

Emails to Dr Anthony Fauci show ‘likely’ explanation identified at start of coronavirus pandemic, but there were worries about saying so

Leading British and US scientists thought it was likely that Covid accidentally leaked from a laboratory but were concerned that further debate would harm science in China, emails show.

An email from Sir Jeremy Farrar, director of the Wellcome Trust, on February 2 2020 said that “a likely explanation” was that Covid had rapidly evolved from a Sars-like virus inside human tissue in a low-security lab.

The email, to Dr Anthony Fauci and Dr Francis Collins of the US National Institutes of Health, went on to say that such evolution may have “accidentally created a virus primed for rapid transmission between humans”.

But a leading scientist told Sir Jeremy that “further debate would do unnecessary harm to science in general and science in China in particular”. Dr Collins, the former director of the US National Institutes of Health, warned it could damage “international harmony”.


https://www.telegraph.co.uk/news/2022/01/11/scientists-believed-covid-leaked-wuhan-lab-feared-debate-could/

... same stand-up guys/"scientists"/ "virologists" pushing the death jabs into you idiots

more in depth

What an utter nonsense.  Roll Eyes Roll Eyes
Post your crap elsewhere, please.

No wonder BTC price crashes.

Hopefully BTC will go up again when your crap is deleted.
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"

Same shit that was happening in the high 40s a few weeks ago.

What surprises me about this dip is that apparently there was very little new retail that bought from May to Nov last year. That move was made by LTH, and vast majority of that was not sold, and infact they LTH are buying again. So who is doing the selling to keep dropping the price, has spot buying/selling been made completely redundant now and these moves are purely from the futures markets?

Had to look up LTH.....  and that is be called yours truly.. (trying to keep the secret going somewhat, It's long term holders)......even though I am ONLY buying modestly... .,. and ONLY upon the price going down each $1k... been buying since around $59k  (maybe even $60k.. can't remember-- it was so long ago).. then sold a few when we bounced from $41k back up to $52k-ish.. and then back to buying again.. down to $39k.. just had one more buy order triggered.... Next comes $38k, then $37k, then $36k.. etc etc... I suppose that all of those count, even though not really considered to be a lot.., at least relatively speaking.. even though it has b een adding up to a higher BTC balance than I used to have at these prices previously... When were we here?  Around early August on the way back up from $28,800, no? and also briefly touched upon these $39ks in mid-September too, no? 

Hate to reward the bears with the BTC price going down.. but what can any of us do, except wait for the momentum to change back to UPpity.. at some point.. hopefully its coming.  Hate to have some dweeb like Biodom saying I told you so... hahahahahaha.. or worse yet Raja_MBZ or proudhon or even billynocoiner... there are gradations, of course... and surely prefer UPpity and punishing the bears as much as possible.. but if there is froth needing to be purged.. so be it.. who are we (or should I say "I") to say?


Gonna be crying all day long.. while buying every $1k that the price goes down, until running out of money.. crying the whole time...

 Cry Cry Cry Cry
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"
In recent times, it has been coming more obvious that there is something considerably wrong with that marine animals scale

Since it considers someone with 55 BTC a "small fish", no shit something's wrong with it. Smiley

What are "we" gonna do to fix it?

I don't mind going through some of the process.. we surely need some nuance.. especially since with all the hoarding, it is quite likely that 99% of the folks are not going to have more than 1 BTC... At least something like the below depicted citadel pic goes into more gradience... of the sub 1 BTC population.


.................. each one of us is different. I do, however, feel that 21 BTC is a good amount of corn that enables one to reside in the upper floors of the Bitcoin citadel, ......




where were you on Bitcoin Easter?

future ones or past ones?

Right now it not be feeling so good.... or optimistic. 
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Top Scientists conspired to cover up lab leak investigation
Quote
Scientists believed Covid leaked from Wuhan lab - but feared debate could hurt ‘international harmony’

Emails to Dr Anthony Fauci show ‘likely’ explanation identified at start of coronavirus pandemic, but there were worries about saying so

Leading British and US scientists thought it was likely that Covid accidentally leaked from a laboratory but were concerned that further debate would harm science in China, emails show.

An email from Sir Jeremy Farrar, director of the Wellcome Trust, on February 2 2020 said that “a likely explanation” was that Covid had rapidly evolved from a Sars-like virus inside human tissue in a low-security lab.

The email, to Dr Anthony Fauci and Dr Francis Collins of the US National Institutes of Health, went on to say that such evolution may have “accidentally created a virus primed for rapid transmission between humans”.

But a leading scientist told Sir Jeremy that “further debate would do unnecessary harm to science in general and science in China in particular”. Dr Collins, the former director of the US National Institutes of Health, warned it could damage “international harmony”.


https://www.telegraph.co.uk/news/2022/01/11/scientists-believed-covid-leaked-wuhan-lab-feared-debate-could/

... same stand-up guys/"scientists"/ "virologists" pushing the death jabs into you idiots

more in depth
legendary
Activity: 875
Merit: 1362
Hang on a minute, is bitcoin dead?
Thought I'd drop by just to check.
Ah no, just a fire sale - get 'em while they're cheap. Last chance.

#haiku fail
legendary
Activity: 3962
Merit: 11519
Self-Custody is a right. Say no to"Non-custodial"




https://www.thesun.co.uk/money/17387140/bitcoin-boy-millionaire-erik-finman-told-to-drop-out/


ERIK Finman became the youngest Bitcoin millionaire at 18 after investing in the cryptocurrency aged 12 - but his teacher told him he'd never amount to anything.

The Bitcoin mogul was told to "drop out" of high school and work at McDonald's because he'd "never amount to anything more in life".





Little fucker

I am starting to think we might see the "These early Bitcoin assholes were lucky and do not deserve the gains they made" narrative heating up pretty soon.  In some ways stories like the above kind of don't help.  People are going to want to believe that our good fortune was entirely up to luck and involved no risk, or work on our part.

You are correct.. These kinds of tensions are likely going to continue to persist and certain levels of stereotypes and exaggerations... Why would anyone really want that kind of a picture or himself?  Hardly even close to objective and complements the superficial spinnings of the article.

That fucking yellow malaka is responsible for this pump over the Turkey adoption "news"

Goddamn the memelords sometimes...

I did not know about Turkey's adoption of bitcoin (or crypto).  All I heard about was that the two leaders met, and no real announcement regarding bitcoin or crypto was made from Turkey.. as far as I know.

This below-linked article is from about 7 hours ago.

https://www.wsj.com/articles/turkeys-erdogan-meets-el-salvadors-bitcoin-boosting-leader-amid-economic-crisis-11642678083
legendary
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Now the money is free, and so the people will be
legendary
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legendary
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https://bpip.org
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
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light_warrior ... 🕯️
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
It is amazing that the only coins that moved in this 2 month bear market are bought in the last 6 months

Curious. How are you discerning this?
Glassnode stats. They also publish weekly analysis including this indicator. They track each address movement with the exact datestamp. So, since any purchase/sell is related to such a movement, they can tell if it is old or new coins.

https://insights.glassnode.com/the-week-onchain-week-03-2022/?utm_source=email&utm_medium=newsletter&utm_campaign=woc_03_2022
legendary
Activity: 1869
Merit: 5781
Neighborhood Shenanigans Dispenser
It is amazing that the only coins that moved in this 2 month bear market are bought in the last 6 months

Curious. How are you discerning this?
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