Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5091. (Read 26664501 times)

Explanation

Is that on Soundcloud?.....

I have been wondering how BIG of a candle does it take to burn a few shorts?

Remember that we were just down to $29,296 about 2.5 days ago, so there may have already been a decent number of shorts that were already burnt - and surely there had been quite a bit of downity talk in the past two days----

Sorry for your loss elliottflz65.. hope you did not sell too much of your 0.21 BTC stash at $29,800-ish....   Well, not really.  


I know that it is a bit of wishful-thinking to get $10k or $12k in the next 24 hours or so.. or even to get 3x in the next 3 months, but based on some of our recent levels of FUD spreading, I could appreciate that enough shorting fuel has been created to incentivize the lower scenario.. and the more elaborate scenario of 3x in 3 months would just be for additional funzies... a kind of stair-stepping event.


The extreme down scenarios do inspire the placing of high leveraged shorts, so we might need to be thankful towards any of that fuel that has already been used and might still be present to get us a bit more of a weekend of reckening.. if such a thing might be possible?

I am NOT going to rest assured about the bottom (of $28,600) being "in" until we get above $46k - and more than a mere spike would be nice.



Yes.. thanks for that chart, UnDerDoG81.  The chart shows that our current BTC price (or at least the price from a couple of days ago was at the greatest level of deviation from the stock-to-flow model, and for sure there are a lot of folks (likely prematurely) proclaiming the stock to flow model to be ded, and part of their justification for such ded proclamations of the S2F model is because the extent of the deviation (Plan B labels as deflection)... so we will see if it is really ded or not?  We will see.  jajajajaja

Explanation

Traders Influencers wrecked by bringing the price sub 30k. They still preaching 18k   let's see. Might come. But trading in this market situation is nuts. Market could turn anytime and many who sold could miss the train.

Edit: I see Virtualbacon admits he got shaken out and believes 30k is bottom. Others could not admit. Was a fan of  Elliot Trading. But as soon as he sold his stash, he started to manipulate his followers telling em bitcoin going to 13k. While he was talking about 300k while we were at 60k. Unsubbed from many of these guys.

Edit: Here is a bullish chart. Bitcoin is at its lowest in history.

Nice green dildo to start the week-end !

 Deal!  Aluminum will be fine



edit: added one with tiny laser eyes for the faceless Dabs.

Explanation

Popping in before sleep to cheer lead…..

PAMP EET

$34000 in one hour 

... got that feeling again when we leave familiar numbers behind that we will never see again, like old gilfriends, $2 only a faded memory now but I know I went there, $32, $100, $300 was way too familiar thank god she's gone now, $1000 was friendly and fun but didn't stick around long, $9000 was just a total bitch who kept coming back for more, $20k popped in and out twice but didn't stay much ... $32k what will you do, you have one foot out the door?

God, ripple army is flooding my mentions on Twixter now... good grief.  This is horrible... I suppose I have to wield the banhammer.

Explanation

Tyler Winklevoss
@tyler
BTC is a rebel with a cause
https://twitter.com/tyler/status/1418673448893784066?s=21


@ashwsbreal
Elon accepting #Bitcoin  again for Tesla.

Miners leaving China and will eventually mine bitcoin somewhere else.

JP Morgan , Bank of America loves crypto now. ( in it for the tech )  

1 Year ago today Bitcoin was $9500 , today it’s at $32,000

Fundamentals are Bullish.
https://twitter.com/ashwsbreal/status/1418656387924639750?s=21


@michaelgmcquaid
$TSLA earnings on Monday.  Conference call could be an announcement time for Tesla to start accepting #bitcoin  again.  @elonmusk
https://twitter.com/michaelgmcquaid/status/1418673209575022596?s=21


@ashwsbreal
#Bitcoin  to 100k is imminent. Fuck the bears
https://twitter.com/ashwsbreal/status/1418623472842985478?s=21



I have a feeling this weekend is going to be good for bitcoin.

NFA

Night boys!

Explanation

steady diff of + 1.4239%  and steady price of 32,300 means miners are whaling still bull for any paid off BTC miner .


144 or 146 blocks a day at 6.3 = say 920 coins for miners daily.  if they are mining at 50 watts a th and 5 cents lots of profit for them.

Explanation

Merely putting in a phone number could be considered sufficiently anonymous, no?  I think that would be for authentication of transaction purposes, and sure technically, they might not even need to do that level of identification... because if you are buying BTC, you would give cash, so should be pretty immediate to receive the BTC, but if you are selling BTC, there may well need to be a couple of confirmations minimum that venders are going to prefer.  I remember when I used to buy BTC with strangers, I tended to be o.k. with one confirmation.. but I would NOT give over any cash without at least one, and I never felt any necessity to have to receive more than one  - but I suppose if there is some kind of contention going on such as in August 2017 with the hard fork issues.. or maybe if there might be some other possible attack that might be attempted--- for example if there were an actual 51% attack that might be going on through Chinese miners, then maybe a few confirmations would be the better practice in those kinds of circumstances.

At some point, competition should bring down those fees - even 5% to 10% seems excessive, absent some kind of great market volatility.... Would be nice if there were some systems like local bitcoins or even ways that buyers/sellers can get directly in contact with each other to do in person transactions in cash.. but when I used to use local bitcoins, my lowest fee would usually be 5%, and there were times that I had gotten up to 12% when it seemed that many of the other buyer/sellers disappeared in 2017/2018 for a few months... and then I had to disappear after a while too because I was like one of the only ones left in my area.. and I just felt like it was too risky for me to be dealing with so many seeming crazies (during that time).. and I could not really bring myself to charge more than 12% or so (maybe I did a wee bit higher on one or two transactions, but it was not comfortable for me)... so I just stopped dealing with strangers (and only did buy/sells with prior customers) and continued transacting with strangers after the market settled down.. maybe it was about a 6 week break in December 2017/January 2018.. maybe also partly my concerns of the ongoing spam attack at that time too.. and then fees were so high on the network as well and I had already had some transactions that were stuck for a decently long time too during that time.


Perhaps.. Even becoming a strong hand or otherwise not doing really stupid shit that causes you to devolve into fantasy land is not a given.. There are some members who seemed to have been developing strong hand techniques and then they just panic or go into some other la la land dumb shit, so for sure no real guarantees.

I am also kind of thinking that it takes years to become a strong hand.. perhaps at least a full cycle, and maybe even a couple of cycles depending on your circumstances, of course.

since becoming a BTC hodler my sleep has not been good, maybe I'm still in the process of becoming a strong hand