Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5463. (Read 26609043 times)

So last night I'm in the home cinema room watching a movie and I open a bag of Jack Link's Beef Jerky to eat while watching. First time to try it, it's an American thing, not found where I live, had to specially order it. Room was dark, saw a little bag inside it, and thought it was some kind of seasoning (maybe salt or pepper). So I open the little bag and spread the contents over the pieces of meat. I ate everything, it was delicious. Guess what: this morning I realised that the little bag said DO NOT EAT outside it. Fcuk! It was something called "oxygen absorber", supposedly to keep the meat fresh. Lesson learned: always read the label before you eat (do) something. I'm still alive (for now)!

As for Elon, I think he has sold already. It doesn't make sense to HoDL and act the way he did (and still does). Maybe the earlier dip we had before the recent bigger one was him selling? Anyways, I'm not so good at this sort of thing, it makes Bitcoin seem like stocks and shares, which I absolutely hate. Of course, I haven't sold a sat, and even thinking of BTFD. In any case, Elon will soon be forgotten, and Bitcoin will resume its upward trend again, as it has done so many times before. Silk Road, MtGox, forkenings, China bans, ETF rejections, mempool spamming, CSW/Ayre/Wu/Ver attacks, you name it, Bitcoin has always chewed them up and spat them out, and so it will do to Elon.

Let's wait until this thing settles. Maybe there are things at play we don't yet know...

Thank you for the cheap coins, Elon. Good job! Keep it up!

To clarify... the Dude neither

Phew!


https://twitter.com/elonmusk/status/1394170030741413888?s=21

No, I don't believe BTC will go that low either. The "out of place" part was about protecting what you like even when it goes against speculation strategies, holding is a tactic, especially during Bitcoin smear campaigns.

I have heard that kind of nonsense previously - attempting to put limitations on how far that a dip can reasonably go before taking us out of a bull run.

Sounds like selectively choosing information bullshit to me, including the fact that we likely started this particular bullrun in April 2019, and we already had at least a couple of greater than 50% pullbacks.. seems to me that even a 60% pullback would not necessarily pull us out of this bull run.. so 60%--ish is surely within reason... to really purge some froth and shake some whiners... which would put us at around $26k.

Of course, for me, it seems that 60% would be a bit of a stretch - meaning NOT too likely, but there has been plenty of other NOT too likely price movements in bitcoin landia... through the years, and the mere fact that we have not had any real and meaningful shake out successes since August/September (around that last test of $10k), seems that there is potential fore quite a few purgenings of froth and shakening of whiners.


We are not going to necessarily know what others are doing - even though we will hear a lot of bullshit, yet a more important question would be what we are going to do?  If we already ran out of money to buy, then do we sell to get more money or do we just HODL.  Peeps going to come to differing conclusions regarding that because buying on the dip sounds all great in theory, but if you thought that 30% was going to be the max dip (and I heard a lot of that nonsense), then you are left with a wee bit of a dilemma whether to HODL or to take some other kinds of actions.. such as crying like a little girl.    


Sure it is possible, but seems to me, way too early to proclaim that, even if we were to get down to 60% correction.


Well at least you got that part right.


Or buy.


That sounds topical to current happenings...not that public opinion is going to really tell you what is going to happen beyond what peeps believe is going to happen.. which has a decent amount of history of being wwwwwrrrrroooooonnnnnnnggggg.



When I log into the forum newly or from a new location, there is a anti-bot captcha, but once I get passed the captcha, I tend to be able to stay logged in for a pretty damned long periods of time without being reprompted with the anti-bot captcha.. even on my phone... In other words, doesn't getting past the anti-bot captcha manually resolve the issue and chartbuddy just would stay online and post once an hour or so.. or if you believe that posting every hour (like it did previously) is too frequently, then it could post at another more comfortable interval (every 3 hours, reasonable?). but might end up missing some happenings.. and not really sure how much members would appreciate having that data embedded around their posts..

Again, do not recall coming across any meaningful objections to chartbuddy except from one member.



That may well be a justification for keeping chartbuddy hourly..

And fuck twitter...    but of course, you do what you like anyhow.   

What a nice weekend that was  

Who the fuck is Elon  
A core dev? A crypto dev? A clueless twatter clown?

This is Idiocracy all over again. Trump was a symptom, Musk is another symptom...
Can you, can i, can we change what is happening right now?
No.
So just sit back, relax and BTFD.
I bought the top, which will be topped again and again and again...

EDIT: Look, Mum! It's going up again! 

I think he is doing the same at the moment with DOGE. Just making a hype of it and at the end he will dump all his DOGE and made huge profit.

She also didn't go down for insider trading.

I like this analogy. I feel like reminiscing.

It's October 2013 and Bitcoin died again. This time from 266$ down to 50$ and now hovering around 100$.

There was a poster here in the WO who kept going on and on with the tired narrative of how Bitcoin has value only because of darknet markets like Silk Road. Paid troll? Deluded nocoiner? Trader spreading FUD? Who knows. But it was a common sentiment and not easily disproven at the time. What else could you buy with BTC? Alpaca socks, maybe a VPN, some gambling and some food in one of the perhaps dozen establishments around the world run by Bitcoiner owners. Without Silk Road, there was no point in having Bitcoin.

Then the news hits: Ross Ulbricht, the founder of Silk Road, has been arrested. Hundreds of thousands of BTC seized by the US gov. Instant flash crash in BTC price. Surely, this was going to be the end...

...except it wasn't. The price rebounded from its almost 40% crash - within 2-3 days it was hovering around the 100$ mark again. Just like that, the narrative of "Bitcoin has only value because of drugs" was relegated to the dustbin of history. Many more narratives would emerge to challenge Bitcoin over the years. It's too volatile. Governments will ban it. It's blockchain, not Bitcoin. But what about muh environment? What if daddy rich guy Musk doesn't like Bitcoin anymore? Many, many more - they tend to blend into incoherent noise after some time.

Within a few weeks of the Silk Road flash crash Bitcoin hit 1000$ and the world started going properly nuts over Bitcoin for the first time. It had proven its anti-fragility because that's what the Honey Badger does. We also know what it doesn't do: give a shit.

Daddy Elon will eventually learn as well. That all the money and narcissistic energy in the world won't help you control Bitcoin. And we will look back on the Elon dump as we do on the Silk Road crash. As the signal for having defeated yet another hostile narrative.

I hope things look better on your return.

CFO? Oh you mean "Master of Coin" must be awkward for him now https://www.bloomberg.com/news/articles/2021-03-15/musk-adds-technoking-of-tesla-title-cfo-is-master-of-coin-kmahgu33

Back In HODLsleep for a few more ...

Those never are the buyers.... near ATH’s always to expensive, 30-50% from ATH it’s broken.... for them nocoiners...

Non believers always have there excuse for not buying, good we don’t need them and they will only buy at the real TOP’s....

My hands are strong and will remain strong ...

Btw same for a lot of people, we know this DIP was coming so when it’s there we better not complain to much just wait for the recovery do some DCA along the way and look in the brighter long term road ahead of us, it’s just another day in BTC.

Nothing is only sunshine, sometimes it does rain, where is that meme with raining red bars and one person holding a green one, appropriate time for posting it ...

why ? Martha Stewart was a licensed broker with inside info in a regulated stock exchange that she was licensed to broker trades.

Musk does not own a crypto exchange.

I don’t see the crime that Martha Stewart did.

Btw if I had my way I rather he be jailed then her.

As his actions have hurt a lot of people and her actions did not.

Yep, all those people who were saying 60k was too expensive... where are you?

Well if he did come out and straight out say "Yes! Tesla did sell all of the bitcoin they bought just a mere month ago."
Then the feds would come knocking on his door for the same thing Martha Stewart went to jail for..
Insider trading: To raise a stock up or down fully knowing their influence can sway the markets of a particular commodity.

They will be buying up on the dip if it goes below $30k for sure.

To close his twitter account he would need to pull a Trump-esque type coup at American corporate level to do that.

OK, hour's not up but I'm getting off of here so...

Same imho .....