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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5042. (Read 26609806 times)

legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
This is a BEAUTY of a bullflag.  It's already up so much, but I do not seeing it stay here for much longer.  



I say 70% chance breaks up which is possibly a run to ~44k (!!)
30% chance we Bart back down ~35.

Those numbers are conservative... I am adjusting for my bias since internally I am way better than 2:1 for.

OK, sadly there's the possible bart-down.  Although it could also be a head fake.  Did the news come out or something?
legendary
Activity: 3766
Merit: 5146
Note the unconventional cAPITALIZATION!
BTC "locked" in DEFI is at an all-time high at over 185 000 BTC.  ETH locked in DEFI was rising slightly while the price was dropping to 1750$, which led me to believe this was not going lower.  Both amounts are stabilizing but I think over the month of august/september we will see an acceleration in amounts locked in DEFI.  And remember defi means = locking up capital, borrowing USD, buying more BTC/eth, rinse, repeat.
60k was a first top, real top of cycle will be most likely 90k - 180k depending on how crazy people get.  Probably this speculation season, autumn.  Thats my 2 satoshis

I have never looked into how locking Bitcoin in an ETH contract works.  Because I think ETH is a rube goldberg scamtraption. 


I am assuming it's something like HTLCs on the BTC side.

But I would like nothing more than some attack surface get exploited and the BTC get lost.  I guess that's terrible.  But if people are only going to learn by trying to LICK the damn stove, then it might as well be on HIGH.
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
It’s official the liquidation numbers are in. Over $1 billion was liquidated yesterday on exchanges from newbies. Imagine shorting Bitcoin with leverage and thinking you didn’t just throw your money into a dumpster fire. Moment of silence for all the doubters who tried to profit from Bitcoin’s downfall. If you didn’t learn your lesson, feel free to reopen some short positions here.
hero member
Activity: 2604
Merit: 961
fly or die
Whoops, it was the previous story about blockfi where the lawyers were looking into their business and if their offerings are considered securities since they operate out of the US.
This is the major take away from this video on tether and what it can do with defi which is apocalyptic.


As for which one I'd use if I had too? Undecided
USDC

It is fairly clean being created from circle (I believe square bought them out and now is Jack in the box Grin) and is available from Coinbase.
But being a american company I don't know if it can be pegged to the euro.
So maybe somebody using coinbase and who is from Europe can answer this.


I think I'll look at USDC  Smiley


Reading through the lawsuit against Tether detailing its long history of moving money all over the place it reads like a series of moving money from one institution to the next as the institution grows uneasy with having Bitcoin money on its account. So they are constantly moving it all over the place until someone gets tired of them. Every second and third tier money transmitter starts blocking them, they're caught in an ancient system whose gatekeepers are trying to keep them out.

I would not be surprised that they don't have 100% reserves but their biggest problem is having a place to put the money. In the end, they will exhaust all resources. The best thing they could do is do a proof of burn. Where they literally have a neutral third party with cameras verify that they burn the dollars that come in (though illegal) and replace each one with a USDT.

Unless I'm missing something proof of burn only makes sense for assets that have a finite number, like Bitcoin. What's to prevent the FED to say : some idiots burned 50 billions dollars, so we're printing 50 billions more than the plan ?
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Do something Bitcoin! I'm still excited about the poll.
legendary
Activity: 3512
Merit: 4557
Amazon denies it will accept Bitcoin only exploring crypto.

It was just FUD. Tongue
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Quote
Bitcoin total transaction volume has exceeded $15.8 trillion for first time in seven months representing 70% of total GDP of America.
Still many says the fees is high and people prefer other currencies to make transactions.This is how BTC is taking over.

Where is that quote from, aysg76?

There should be a link.. .

In other words:

Link or it did not happen.
member
Activity: 110
Merit: 131
Looks like we're poor again...
No one has ever become successful without adversity Wink
member
Activity: 110
Merit: 131
We have had plenty of no coiners, bitcoin naysayers, shitcoin pumpeners, traders and/or those inadequately pee pared for UPpity who have gotten fucked (or at least missed their opportunities to get rich as fuck) because they were failing / refusing to adequately pee pare their lil selfies for UPpity because they thought like you... "down before up" is a necessary condition in bitcoinlandia... hahahahaha..

Remember... we are in a bull market, and a 56% correction is pretty damned BIG, and there was two months of fortune (if it can be called that) in which the BTC price largely bounced in a 35% to 50% correction zone.. .and sure, we are still there... for now.. but no guarantees that we are either going to continue to stay in such 35% to 50% correction zone or that we are going to return to such zone in the event that we end up breaking UPpity... by the way, I am still of the position that we cannot really rest assured that our $28,600 bottom is "in" until we get above $46k  - and surely there is still a bit of a distance to travel before getting there (only got to $40,581 so far, as I type this post)....




I think it's true that we've had some good news about Bitcoin for about two months now which has had a positive impact on the economy that the price of Bitcoin is starting to rise again. I think we'll hit 50k for that then we'll see a price adjustment. As long as we can believe the rumors with Amazon that they plan to use Bitcoin as payment we can expect to go to one of the biggest runs we've seen so far but it is unclear weather those claims are accurate.  
full member
Activity: 1386
Merit: 132
Precision Beats Power and Timing Beats Speed.
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Looks like we're poor again...

The last desperate bears covering shorts?

I hope so.

$50k will be sooooo satisfying.

Edit: Off to (re)watch Dead Calm (1989) with Nicole Kidman. She's so sexy (and young) in this movie...

Back in 2 hrs and hoping to see a green screen and $41k+.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Looks like we're poor again...

The last desperate bears covering shorts?
legendary
Activity: 2590
Merit: 4839
Addicted to HoDLing!
Looks like we're poor again...
member
Activity: 110
Merit: 131
CHARTBUDDY PUMP IT INTO MY VEINS
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
member
Activity: 110
Merit: 131
Pour one out for that newbie... who had been supposedly seriously contemplating selling and buying cheaper in a bull market that had already experienced a 56% price correction.. and at the time of his/her post very near the bottom of such BTC price correction zone... who knows?  who knows?  but each of us better make sure that we are adequately pee pared for UPpity before we screw around with selling BTC.. especially during a correction in a bull market (even if you happen to be questioning the "bull market" status.. which is what the beartwat manipulators want you to do).
OUCH that has got to hurt selling right at the bottom and now we are rallying up probably above 50k
copper member
Activity: 1526
Merit: 2890
… and that’s when 2021 bear market ended and HODLers live happily ever after.
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Just woke up for a pee, 04:41, check the price…….







She’s alive  Cool

Set alarm 04.41, piss more often.

No peepics... please....  Angry Angry Angry Angry

Not a bull, nor a bear, just a good trader. I would like to say: "what goes up must come down".
So, If you didn't bought the Dip, don't try to enter the market now.



Huh?

It is not a necessary condition that the BTC price is either coming down or that it needs to dip from here.

We have had plenty of no coiners, bitcoin naysayers, shitcoin pumpeners, traders and/or those inadequately pee pared for UPpity who have gotten fucked (or at least missed their opportunities to get rich as fuck) because they were failing / refusing to adequately pee pare their lil selfies for UPpity because they thought like you... "down before up" is a necessary condition in bitcoinlandia... hahahahaha..

Remember... we are in a bull market, and a 56% correction is pretty damned BIG, and there was two months of fortune (if it can be called that) in which the BTC price largely bounced in a 35% to 50% correction zone.. .and sure, we are still there... for now.. but no guarantees that we are either going to continue to stay in such 35% to 50% correction zone or that we are going to return to such zone in the event that we end up breaking UPpity... by the way, I am still of the position that we cannot really rest assured that our $28,600 bottom is "in" until we get above $46k  - and surely there is still a bit of a distance to travel before getting there (only got to $40,581 so far, as I type this post)....

Also, remember elliottflz65:

I am new to the wall observer thread and I thought of something that could be fun as an introduction. You guys can decide when I next sell my Bitcoin. I will be reinvesting do not worry! Give me a number at which I should sell at and I will then reinvest when the next dip comes.

Sell ASAP.. (so around our current price of $29,750 or maybe $29,800, if you can get it) and reinvest around $19,666.. that was the high for the last period (would have been December 2017)..

For sure, 99.5% guaranteed, we are going below $19,666, but just to be safe and not too greedy, buy back at $19,666.

This is investment advice.


Pour one out for that newbie... who had been supposedly seriously contemplating selling and buying cheaper in a bull market that had already experienced a 56% price correction.. and at the time of his/her post very near the bottom of such BTC price correction zone... who knows?  who knows?  but each of us better make sure that we are adequately pee pared for UPpity before we screw around with selling BTC.. especially during a correction in a bull market (even if you happen to be questioning the "bull market" status.. which is what the beartwat manipulators want you to do).
legendary
Activity: 2184
Merit: 1213
It will break anyway why the resistance. Give up bears. 45k by Friday.

They’re fighting hard at the moment. $40,000 seems a THING.



Just woke up from a nap and 40k broke already lol.
sr. member
Activity: 579
Merit: 267
Our frend $40k welcome back

We need moaaaaar higher numbers


Lets goooooo Shocked
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