Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6199. (Read 26710564 times)

legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
Down over 1200 in about 2 hours and still going... We're used to worse but I prefer to see it go up 1200 in about 2 hours nonetheless, instead of the other way around...

The whole market's a bit of a mystery to me atm, anyone cares to share his TA?

As for FA, I haven't got any clue at all... Saying these are very strange times is about as far as I'll get.

Short term TA is bull ****.

It’s degenerate gambling. The only thing guaranteed is bitcoin rises (a lot) over time.


(Credit: Plan B - S2F)

HODL

We are going to six digits ($) this year.
(Look how we overshoot during the peak of every bull run).

I agree with everything that you are saying LFC, but I still would not use the expression "guaranteed" but instead using more waffling words that suggest that the stock to flow model is amongst the most predictive of what is likely to happen.. even if it might only have a 30% to 40% of chances to happen, it is amongst the most likely of all of the scenarios added together and the stock to flow comes on top (and I like to supplement such explanation with 4-year fractal and exponential s-curve adoption based on metcalfe principles and networking effects  even if those concepts are somewhat already contained within the stock-to-flow BTC price prediction model.

I don't want to sound like a huge faggot or anything, but got bored and decided to buy 100oz or so of physical silver off

Let's get back to crashing the economy. I'm trying to do my small part.

You faggot.
hero member
Activity: 1876
Merit: 612
Plant 1xTree for each Satoshi earned!

Still waiting for something meaningful to come out of your keyboard.

waiting

waiting



Woof! Woof! ... Cheesy Cheesy
legendary
Activity: 3948
Merit: 11416
Self-Custody is a right. Say no to"Non-custodial"
If you participate well, then indeed thus thread is one of the best and is a large part of bitcoin history

Welcome and take care
Finally I see the answer I wanted to get! Yes, I republished my post after I woke up thinking it got lost in a bunch of memes. Some I see are quite aggressive, they probably also want a cool ID for themselves.  Grin

- Is anyone here from Milan?

Yes and you are a newbie.. so hopefully you will attempt to learn how to contribute rather than to analyze with incomplete information... few peeps want to be analyzed.. especially by a newbie...  unless such analysis has some meaning, humor or something beyond trying to look smartie pants or appear like begging for merits.

Still waiting for something meaningful to come out of your keyboard.

waiting

waiting

Down over 1200 in about 2 hours and still going... We're used to worse but I prefer to see it go up 1200 in about 2 hours nonetheless, instead of the other way around...

The whole market's a bit of a mystery to me atm, anyone cares to share his TA?

As for FA, I haven't got any clue at all... Saying these are very strange times is about as far as I'll get.

We had nearly 4 months of continuous UP.. so what's wrong with one month of down and sideways and back up.. and wherever we are going to go from here?  I don't see any problem with the current place where BTC prices happen to be bouncing around.

There might not even be anything to analyze, exactly, except that the BTC price is taking a kind of pause from the nearly 4 months of UP, which happened to be around 4x... why not pause from there?

Whether such pause continues for 4 to 8 months or it continues back UPpity in a week or two, how are we going to know? It's not as if in the past that we have ever know the future BTC price performance, but we can see it happen once it does happen, but beforehand, we never really know if it is going to go UP or DOWN in the short term.. so in that regard, there seems to be nothing to see, here.

Wake me up when we break outside of the current price range.  What is it?  Perhaps $23.5k to $40k?  We going to get excited within such current price range, or are we gong to get excited once the price starts to get to the upper or the lower ends of the range?  or if it breaks outside of the range, then of course, we should have reasons to get excited.  Until then?  yawn... just play it.  Play it.. If the price goes up.. sell a bit, and if the price goes down buy with the money that you had gained from selling.. and maybe that would allow for stacking of sats or otherwise, just continue to buy if you feel like you need more bitcoin.

Down over 1200 in about 2 hours and still going... We're used to worse but I prefer to see it go up 1200 in about 2 hours nonetheless, instead of the other way around...

The whole market's a bit of a mystery to me atm, anyone cares to share his TA?

As for FA, I haven't got any clue at all... Saying these are very strange times is about as far as I'll get.

Never mind these temporary bollocks, friends1980. Michael keeps buying behind the curtains. Elon is onboard because it's inevitable. The corporate world is coming about, seeing btc more and more as the store of value it is.


Where's the world going?
The future looks uncertain.
Look up to the moon.
#haiku

You are surely sounding optimistic these days, d_eddie... as compared to when we were in the $6ks in 2018 and you seemed to be wondering if we were ever going to make it above $12k again..

My how times have changed!!!!!!   Wink

 Cheesy Cheesy Cheesy Cheesy
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
legendary
Activity: 1834
Merit: 4197
evening wall charts

#dyor

D


W


M

#stronghands
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
dips look attractive
but when you're out of money
then they look ugly

#hodlsleephaiku
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
https://twitter.com/alistairmilne/status/1355950834895433728

Quote
A large amount of #BTC
 just left Coinbase
... large amounts leaving nearly all exchanges really

Is it that large, really?

https://www.viewbase.com/coin/bitcoin




Source: https://twitter.com/danny_knight/status/1355962041312272384/photo/1

Just read the comments on Twitter: peeps are shilling Doge and similar shitcoins like there's no tomorrow.  Grin

Don't care about them shills, but is this actually a number? 48k BTC i read were sent to exchanges last month alone, according to twitter source. Didn't check the stats yet by myself.

That's an amount for ants. And why it's considered to be bearish? Moving BTC to cold wallets is bullish imho..  Cool

With about 1.5m BTC total on exchanges, this is a small amount.
What i see from the above graph is that price is inverse related to exchange reserve. Reserve shortage seems to front run price climbs, so t should be bullish imo.
I don't get why (some) BTC bulls interpret that as a bearish signal.

EDIT: Compare with viewbase graph from Jan. 2nd, where the price pumped on the 3rd. Also similar amounts of coins left exchanges back then.
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
https://twitter.com/alistairmilne/status/1355950834895433728

Quote
A large amount of #BTC
 just left Coinbase
... large amounts leaving nearly all exchanges really

Is it that large, really?

https://www.viewbase.com/coin/bitcoin




Source: https://twitter.com/danny_knight/status/1355962041312272384/photo/1

Just read the comments on Twitter: peeps are shilling Doge and similar shitcoins like there's no tomorrow.  Grin

Don't care about them shills, but is this actually a number? 48k BTC i read were sent to exchanges last month alone, according to twitter source. Didn't check the stats yet by myself.

That's an amount for ants. And why it's considered to be bearish? Moving BTC to cold wallets is bullish imho..  Cool
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
https://twitter.com/alistairmilne/status/1355950834895433728

Quote
A large amount of #BTC
 just left Coinbase
... large amounts leaving nearly all exchanges really

Is it that large, really?

https://www.viewbase.com/coin/bitcoin




Source: https://twitter.com/danny_knight/status/1355962041312272384/photo/1

Just read the comments on Twitter: peeps are shilling Doge and similar shitcoins like there's no tomorrow.  Grin

Don't care about them shills, but is this actually a number? 48k BTC i read were sent to exchanges last month alone, according to twitter source. Didn't check the stats yet by myself.
legendary
Activity: 1834
Merit: 4197
   
Want!



+1 WOsMerits


----

1h

#stronghands



-----

Mr Musk doing some Apple thing tonight.  Hope he announces he is finally accepting bitcoin for Tesla's.   Grin

https://twitter.com/elonmusk/status/1355983231988862978
legendary
Activity: 2478
Merit: 1220
Privacy Servers. Since 2009.
https://twitter.com/alistairmilne/status/1355950834895433728

Quote
A large amount of #BTC
 just left Coinbase
... large amounts leaving nearly all exchanges really

Is it that large, really?

https://www.viewbase.com/coin/bitcoin




Source: https://twitter.com/danny_knight/status/1355962041312272384/photo/1

Just read the comments on Twitter: peeps are shilling Doge and similar shitcoins like there's no tomorrow.  Grin
legendary
Activity: 3808
Merit: 7912
legendary
Activity: 2520
Merit: 3038
Biodom already corrected me, look like wash sale rules wouldn't apply to bitcoin

That's right. I only noticed after replying to your post. It happens a lot to me when in catch up mode. Sorry for the useless repetition.
legendary
Activity: 2520
Merit: 3038

I'd already seen and read this page while researching the latest GME updates.

I think it's a recent addition, but I see the gentleman over there added a "subscribe" button. He says it is so I can receive a heads up when the squeeze begins to be squoze. OK, so I put in my email addy and... no, we don't like throwaway addresses. I tried several to no avail. I had to insert a (fake) gmail address to make it say "allright". Apparently, the jerk is looking for spam pastures.
legendary
Activity: 1708
Merit: 3439
Man who stares at charts (and stars, too...)
https://twitter.com/alistairmilne/status/1355950834895433728

Quote
A large amount of #BTC
 just left Coinbase
... large amounts leaving nearly all exchanges really

Is it that large, really?

https://www.viewbase.com/coin/bitcoin




Source: https://twitter.com/danny_knight/status/1355962041312272384/photo/1
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
RobinHood allows you to buy btc (and other cryptocurrencies), but you can't move it out. This could cause legitimate worries about all btc on RH being just paper IOUs.

So a number of btc newbies have some (paper?) btc on RH, and now they want to get it out of a likely sinking boat. The only option they have is sell now (taxable event, ouch!), get the money out (RH does allow you withdraw $$, duh!), keep aside the taxman's share (ouch again), send the money to some "normal" exchange, get less btc than you used to have (boo-ho!), transfer that to a wallet you control (your own keys: it's finally been turned into your bitcoin, win!).

I've got two questions - food for thought.

1) How many newbies are going to jump through the multiple hoops?

2) What if many actually do? There are likely consequences for RobinHood: assuming they never actually bought the backing crypto, they'd be under by a lot. Just think of the doge bull. I could care less about them, though. What happens to the price when a shitload of redditors sell at the same time?

TL;DR RH is really throwing shit at anyone trying to go against the system - either people who try to punish asshole over-100%-shorting hedge funds, or people who buy btc (or doge in recent days, well you know, newbies!). I wish RobinHood went out of business. Which isn't totally unlikely as a result of the latest shenanigans.

Are you sure about that? Wouldn't swapping paper BTC for real BTC fall under a wash rule for 'murikans?
Quote
The rule defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a "substantially identical" stock or security, or acquires a contract or option to do so.
https://www.investopedia.com/terms/w/washsalerule.asp

I wasn't thinking of a wash sale to dodge taxes. Quite the opposite: the newbie bitcoiner would have to sell on RH, likely at some profit, and pay taxes on that! That's what I meant by "setting aside the taxman's share": keeping some fiat for the taxes. That's why the soon to be bought substantially identical amount of btc would be a little less.


Biodom already corrected me, look like wash sale rules wouldn't apply to bitcoin

...

there is no wash sale (theoretically) in bitcoin since it is not a stock or security. In fact, it looked like IRS allowed for LIFO, FIFO and specific batches for base price determination, imho.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
Is this the end of Bitcoin?

Time to shut down the nodes and buy a bunch of FRNs?

 Cry
legendary
Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
funds shorting silver
The economy is failing
Bob's grumpy again
Jump to: