Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by Toxic2040 (1)
Bitcoin may come close to 16k. Because it is very difficult to maintain the weight of Bitcoin at 19k. 
Are you sure?
Are you sure?
Are you sure that you are in the right thread?
Bitcoin?
Have you heard of it? $19k is not very weighty at all.
Had you noticed that the BTC price has been below the 200-week moving average for more than 3 months? Which means that $19k is hardly weighty at all.
O.k..
Maybe you have been reading too many reddit threads? or mainstream media renditions of BTC price dynamics?
Or would you rather get a bat slappening? That might help? Maybe? That is if you are helpable.
I am wondering.
Are you helpable?
Russia again rattling the global political stage with the announcement of a partial mobilisation of its reservist
with Putin again alluding to WMD's and the quote of 'It's not a bluff'
I feel desperation creeping into Moscows narrative....I just hope sanity prevails and that c*nt is deposed before he can do irreparable damage
news from the UAE as royals give the nod towards bitcoin and facilitating transactions...probably a notable thing for adoption in the region
next on the table after today is the MtGox thing as guidance is awaited...and likely legacy earnings coming into October
dyor
For those who knows putin knows he can do anything to save his images. Right now in moscow oppositions is preparing for an anti war rally when demands of one way ticket from russia increased after putin announce some restriction of going outside country for some certain age people. Wester supplies just slowed down russian plan to annexation of ukraine.with Putin again alluding to WMD's and the quote of 'It's not a bluff'
I feel desperation creeping into Moscows narrative....I just hope sanity prevails and that c*nt is deposed before he can do irreparable damage
news from the UAE as royals give the nod towards bitcoin and facilitating transactions...probably a notable thing for adoption in the region
next on the table after today is the MtGox thing as guidance is awaited...and likely legacy earnings coming into October
dyor
If MtGox event really kicks off and old investors got their BTC back then probably we could see further downside of the market. Many old investors will immediately dump some of their BTC to book some profits which they are already in. Its a panic events for impatience people and a opportunity for patience one.
It's doubtful that if actual real people (creditors in GOX) were to get their coins back that they would sell in any kind of meaningful way; however, the fact of the matter is that a lot of the creditors had been bought out by companies (for pennies on the dollar).. so the vast majority of those coins that will get issued will not go back to the original creditors but instead to entities that will end up amassing quite a few BTC payments based on their having had purchased those coins at a bargain price. It still is not obvious that those who bought out the claims will dump, but they likely might not be as incentivized to hold as if they had been the original creditors.