Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The spot market is sick and the action is mirroring just that.
hahahahaha
Are you talking your book? Sure sub $90k could happen. .. I am not saying that it won't but to be relying on it to happen, seems a bit much. But, yeah, sure, anything can happen.
By the way, Mempools are clearing too.. .. bitcoin is like ded.. ..
or close to ded.
Not at all.
I'm talking we're in a bull market missing bullish price action, because the bulls are buying over the counter.
Additionally, i looked at other aspects, like ethics and retail sentiment. Retail is mainly either waiting or selling now. Selling into the bags of the insitutions.
Oh, yeah, forgot about those exchanges. This adds to the problems, but i'm nowhere as near to bearish as you might assume.
Maybe more of a stereotype of yours? Or plain misunderstanding. Rumors say this was already happening sometimes in the past between the two of us
Quote
Bit frustrating that we seem to be unable to stay above $100,000 for now. We will smash through it and hesd upwards new all time highs but I have to admit I am feeling a little frustrated currently.
I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
I am not frustrated nor does the current situation surprise me in any way - because if you look at the time before January 20, when the big gray crypto messiah was enthroned in his new old position, everything looked so great and promising, but after that we got only a lot of negative things in the global context with US claims on the territory of Panama, Denmark (EU) and at the end of the Gaza Strip where TFamily would build a luxury resort at the expense of 2 million people who need to be displaced. I’d like to see $100,000 breached and turned into new support over the next week or so. February is isually a very good month for Bitcoin in a bull run, it’s about time it started acting like it.
In such circumstances and with the expectation of what exactly will happen with Ukraine, people are quite cautious and it suits them to take profits in the range of $90k to $100k - and at the same time all these stories about BTC strategic reserves may indicate that someone behind the scenes is pulling the strings - because if some central banks are going to buy BTC, then it is in their interest for the market to cool down and possibly for the trend to reverse.
To me, it seems that "crypto' (apart from bitcoin) is dying or at least is in a catatonic state.
This comes back to what it's function, overall?
As I said before on multiple occasions: the second layer should have been developed on bitcoin.
Instead, not much was developed on bitcoin and everything else quickly loses relevance, maybe with one or two exceptions (or, maybe even just one and it is not the VB coin).
Inflation hedge with bitcoin and stablecoins for fast payment tx-those are ONLY two applications with large relevance right now.
DeFI could be a third app, but it is hopelessly fragmented and was banged repeatedly by the gov.
The fact that banks would soon be able to issue tokens horrifies me quite a bit.
IMHO, too much acceptance and too much integration into the "old" system gives the field as a whole a "kiss of death".
To what extent bitcoin could stay above the fray would be determined in the next 6-12 mo, imho.
Wow.. .. .just wow... I see that the bear-talking party poopers are out in full force... I mean, sure sub $90k could happen, but still... hardly the end of the world.. Are we no longer in a bull market or something?
Maybe I accidentally clicked the wrong link and got taken to a parallel universe (referring to the WO thread)....
For some reason.. a little off point, but reminded me of this:
https://www.youtube.com/watch?v=hqgVf_wOKLs
Gotta try to get some kinds of laughs regarding various from time to time world ironies.
I can't speak for Biodom or Lucius, but myself: I am making my mind up to be able adjust to the situation, if needed. Bearish thoughts are shared, so we can just discuss them respectfully. I don't feel like anybody here is in mood for a(nother) Bitcoin-Funeral.
Ima just trying to observe what is going on and like to know some opinions of our little WO-bubble (no offense, a little bit of irony, though).