Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5161. (Read 26720873 times)

Explanation

It seems like we get some of those every single time, and they present their case as if it were the smartest thing in the world to be doing.. selling some and going to buy back cheaper.  Frequently, we do not see those ones again.  Sometimes I find it hard to be nice or to give the benefit of the doubt to those ones.  I recall that we had a couple of weeks of correction in something like March 2017 that brought the BTC price down to about $850, and it was hovering in the $1k arena as a kind of Spring point, and a member posted that he was selling, and he was going to buy back lower.  I said that I thought he was doing the opposite of what he should be doing, but we would see what happens because for sure none of us know what is going to happen - especially in the short term, but sometimes it can get quite dangerous to be selling rather than buying on dips (even though dips tend to be scary while they are happening). 

From the charts, we can see that in that March 2017 case, the BTC prices pretty much went UP from there, and sure, they did not get decisively above $3k until about September 2017, but we also know that so far they have not gone below $3k, either.. so sometimes there becomes a point that the BTC price never every again returns to such a price point.. but at any given price point, we cannot be sure, exactly when that is going to be...... .even though selling on dips or failing to buy more on dips.. do tend to play out as a common theme in which that never to return price point is experienced (unknowingly at the time)...

Probably the people who can drive the price back down, or people who bought way more than they should hold in the first place.

Does everyone else who works at McDonald's eat 3* Michelin ‘t Zilte? They must pay more than I thought.

Good bullish momentum







They had to try something, didn’t they??






El duderino’s eyes where off the charts and focussed on 3* Michelin ‘t Zilte

Cheers


HODLer Mondays…..

APE INTO NFTS !!!    WASSUP BRO

it was the usual bitcoin "buy the rumour, sell the FUD" ... to rally off the correction lows

TETHER BURNING ALL COINS? :-D WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE LOL

Explanation

FUD? I don't see how rumors that Amazon might accept Bitcoin would spread fear, uncertainty or doubt.

To me it was the exact opposite if FUD.

Well.... I will be prepared to start shouting again to sell & dump when the time comes for the price to be ripe again.    


For now... I guess... HODL!    

There's trading, and then there's withdrawing.
Most exchanges require kyc to withdraw stablecoins in substantial amounts.  I think you can withdraw DAI from bitfinex without kyc, however.

Explanation

Nothing like a green dildo in the old duodenum.
#nohomo

For sure, people wanting to jump on the Tether bashing bandwagon whenever they get a chance, even bitcoiners who should know better than to blanketly consider Tether as if it were some kind of meaningful "bad guy" in this whole situation.

Tether remains the oldest of the stable coins, and sure there are a lot of imitators who are trying to be more compliant with various Government regulators - but probably tether would be more likely to stand up for the ideals of bitcoin and NOT throw bitcoiners under the bus, same with Bitmex and even Binance (yes, I know that Binance has a lot of shitcoin products and also allow pretty outrageous leveraging/margin trading products).. there are desires to vilify these entities and to try to get compliance and to fall in line in order to attempt to create inroads to BTC.. which remains a very difficult thing for various governments and also status quo financial institutions that are seeking to employ more subtle misinformation campaigns and to cause confusion amongst bitcoiners in a variety of ways... when and if possible.

Unpopular opinion:

1. Large well known companies buying and holding large amounts of bitcoin is bullish news. (because it eventually raises the price by taking btc off the market)

2. Large well known companies announcing they will accept bitcoin for goods/services is... well, not really bullish. (because it doesn't actually do that)

Some would say "Well #2 adds to bitcoin's legitimacy in the public's eye." Nations are now making it a legal currency. Tesla bought $1B worth. JP Morgan trades it and says clients can buy it. We have already achieved "legitimacy".

Wake me up when Bezos, Gates, Dimon, and Buffett say they bought several billion worth of bitcoin. Then I might actually get excited.

Until then...zzzzzz.

I'm happy with anything above $30k and a nice slow increase in the price over the summer. $30k is great compared to this time last year.

Explanation

Tether FUD perfectly timed to stop price going up. Pathetic. It was too early for moon but I was sure 45K is possible. Let's see.

It will be denied right up until the second it goes live.

With that said, I never put any stock in this rumor. The price rise was nice, I guess.