Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 5489. (Read 26609236 times)

legendary
Activity: 2520
Merit: 3038
1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".

My trusted analyst qualitatively hinted that I have too much focus on the short term.
Falling for FOMO am I? Where Lambo? Sh**, I should have bought doge...  Embarrassed

Don't say those kinds of things.

Signs that you are breaking, and our current BTC price predicament surely does not seem to be nearly as "bad" as you seem to be making it out to be.

My questions were looking ahead to an event similar to what we just had. I smelled a bit of bear hyperactivity, and I was guessing someone wasn't happy with the quantity and price of the cheep coinz they got.

I think Elon twatting was just the pretext for a bunch of mid-sized bearwhales to strike. I was trying to assay the average bear size in that particular bunch, and the quantity of cheep coinz that could be bought by the freshly minted tether, and approximately how fast would the (daily, weekly) RSI move as a consequence.

I am not breaking. I never owned a doge btw ;-)
legendary
Activity: 2184
Merit: 1213

Lmfao, many assclowns will buy this story... but not us, not us . There is no such thing as Renewable energy atleast not yet ! We are working on it !

ik ik, the truth aint a diaper but it stinks to many  Grin

BTW Elon is just doing what everyone has been doing since Bitcoin came out.. i dont know why ya all butthurt cause he tweeting about Bitcoin etc. Miners been manipulating the Market like Elon wouldnt even think of doing.

https://www.youtube.com/watch?v=NfGw8crLcDw

Lithium mining and cobalt mines ran by children in Africa are better for the environment than btc apparently. Tesla charging stations are powered by fossil fuels. Don't buy Tesla!

You must be an idiot 2.0. Ignored.

This. Not to mention all the toxic garbage getting into the drinking water.
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
Sadly, this is the first time I am truly disappointed by Elon Musk.

I am disappointed with the fact that someone could ever be thrilled that EM got involved in the cryptocurrency story, because there was never a word about supporting technology, but only about making a profit. And the latest event just shows why people with so much power are bad for the crypto market - we'll probably read in a few months that EM bought a few tens of thousands more BTC in May, and before that it crashed the price with one tweet.

Maybe send him a link to your thread - although I don’t believe he really thinks what he wrote, and if he does think then he has much bigger health problems than the ones he recently publicly admitted. It would be best for him and his wife to board the first rocket for Mars, of course with a one-way ticket Wink
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021

What's the source of this data? It looks wrong. Digiconomist.net puts Bitcoin at 55.03 Mt CO2 and 115.85 TWh per year (13 GW on average).
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
The only good thing I have seen was ....

TA once again completely flawed, a tweet has more power as best TA’s

Welcome to bitcoin

 Wink Cheesy Shocked Smiley
hero member
Activity: 868
Merit: 504
It dips because of Elon's tweet, how low this time?

Elon Musk is a smart guy, I guess he took profit of his holding and now he wants to dump it so he can start over with a cheaper rate. As dumping continuous our entry 49k/48k/...45k?
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
Good that all the alts are dumping as well, just a matter of time it flows in BTC .....

Hodl on
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
The real question is: how many cars did Tesla actually sell for Bitcoin? Five? Two? Zero?

To quote myself:
I assume all this is only for attention. The Bitcoin mining process is well known and well documented, it's not as if any new information came to light. So I'm sure they knew all this already, which means they have other reasons for saying this now. It could very well be they're buying back the Bitcoins they sold last quarter, and need a price drop for it.

Or to quote my mobile:
Bitcoin doesn't care about that small car manufacturer.

LMFAO. "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction"

Tsk tsk, that's not how cryptocurrency works. Someone really has to run a seminar at Tesla explaining that as soon as more consumers use a cryptocurrency, more miners will come along which'll eventually bring a similar energy consumption as bitcoin.
Basically, miners convert transaction fees into computing power. The more they earn, the more energy they'll consume. Block halving can't keep up with price increases, so the energy consumption is still increasing.
Maybe Tesla can start accepting Bitcoin LN Tongue
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
OK, enough banter for now. Let's talk some business.

The sentiment is that badger is coiling, ready to jump at that delicious hive that looks full of honey up that tree.

I have a fixation with "macro" numbers right now: questions such as the following.

1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".

The reason for this fixation is that I think these instadumps are just whales maneuvering. They want to sweep the leveraged longs so they profit moar with the impending leg up. I'm thinking of a smallish leg, not a 2x. Something around 70k.

My point of view at the moment is all qualitative feeling: there's no serious analysis behind it. Some guy whose analysis I trust said it looks to be floating upwards, but there won't be a real breakout as long as the daily RSI doesn't break out of a downward channel entered in January. Some other guy says it's too expensive and/or risky for any rational actor to bring the price below ~49k: Saylors etc. would swallow the corn in one or two bites.

These "serious" bits of analysis are more quantitative and look better than my qualitative SOMA ramblings. So a few approx numbers from our resident wizards could reinforce my theory or make me throw it away. I know the questions aren't easy, or maybe even interesting enough, but the WO gathers some of the smartest OGs. So - any takers?

Personally, I was about to give you a merit, but it seems to me that you asked too many questions, and surely you would be capable of doing further analysis to answer your presented questions, at least with enough of a framework that may well stimulate further discussion.

So, for example, frequently in a work environment, if you are presenting information to the boss, and if the problem is complex, the boss is going to get pretty damned pissed off if he were to spend an hour reading over your presentation of the problem without having at least some kind of recommendation for a course forward in terms of how to address the problem.  Surely, the boss will appreciate your presentation and analysis way more if you make a recommendation, even if he does not agree with your recommendation.

Also, if you have presented the facts and logic and analysis in a fairly complete way, the boss can end up taking credit for coming up with a solution for your whole presentation because of how well you outlined the problem.  It's a long way of my saying that I am not going to attempt to answer your questions, and I am kind of in this place where I see that we are ongoingly in the UPPER end of the range, and sure at this particular moment (as I type at $50.5k), we are in a decent consolidation area, but part of the "problem", if you want to call it that, is that the BTC price keeps on gravitating back up to the upper end of the range.. $55k to $59k, so unless we do not make another ATH this month, seems to me to be a bit too early to be proclaiming that we are going down - even though the ongoing froth in the shitcoin space seems to be contributing to even more frustrations regarding trying to figure out what is happening exactly and what is likely to happen next.

1. "Could 1b USDT 'fix' the daily RSI?"
2. "Over how many days should this money be spread upon?"
3. "How many coins would someone have to sell to push the price down to 50k?".

My trusted analyst qualitatively hinted that I have too much focus on the short term.
Falling for FOMO am I? Where Lambo? Sh**, I should have bought doge...  Embarrassed

Don't say those kinds of things.

Signs that you are breaking, and our current BTC price predicament surely does not seem to be nearly as "bad" as you seem to be making it out to be.
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!


No worries as long as BTC respects 21 Weekly Moving average.



full member
Activity: 1386
Merit: 132
Precision Beats Power and Timing Beats Speed.

Lmfao, many assclowns will buy this story... but not us, not us . There is no such thing as Renewable energy atleast not yet ! We are working on it !

ik ik, the truth aint a diaper but it stinks to many  Grin

BTW Elon is just doing what everyone has been doing since Bitcoin came out.. i dont know why ya all butthurt cause he tweeting about Bitcoin etc. Miners been manipulating the Market like Elon wouldnt even think of doing.

https://www.youtube.com/watch?v=NfGw8crLcDw

Lithium mining and cobalt mines ran by children in Africa are better for the environment than btc apparently. Tesla charging stations are powered by fossil fuels. Don't buy Tesla!

You must be an idiot 2.0. Ignored.

Now thats Ironic 2.0 Cheesy
legendary
Activity: 1891
Merit: 3096
All good things to those who wait
legendary
Activity: 3512
Merit: 4557

Lmfao, many assclowns will buy this story... but not us, not us . There is no such thing as Renewable energy atleast not yet ! We are working on it !

ik ik, the truth aint a diaper but it stinks to many  Grin

BTW Elon is just doing what everyone has been doing since Bitcoin came out.. i dont know why ya all butthurt cause he tweeting about Bitcoin etc. Miners been manipulating the Market like Elon wouldnt even think of doing.

https://www.youtube.com/watch?v=NfGw8crLcDw

Lithium mining and cobalt mines ran by children in Africa are better for the environment than btc apparently. Tesla charging stations are powered by fossil fuels. Don't buy Tesla!

You must be an idiot 2.0. Ignored.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org

LMFAO. "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction"

Tsk tsk, that's not how cryptocurrency works. Someone really has to run a seminar at Tesla explaining that as soon as more consumers use a cryptocurrency, more miners will come along which'll eventually bring a similar energy consumption as bitcoin.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 2716
Merit: 13505
BTC + Crossfit, living life.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
I thought Elon was smart.

Bummer  Roll Eyes

But maybe he was smart enough to send down the price just to buy moar.
However, propagating that environmental bullshit story wasn't quite a sign of cleverness in the first place, was it?

EDIT: Saylor hasn't educated him enough, it seems...

* OutOfMemory has no spare cash to buy the dip  Undecided
legendary
Activity: 2380
Merit: 17063
Fully fledged Merit Cycler - Golden Feather 22-23
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