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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I think more people got liquidated going long during this small drop then we’re liquidated being short through the jump in price the other day. This shows that people are still taking ridiculous bets and have an over bullish view of the current market. Stop trading with leverage and start stacking unless you want to be left behind.
In the last 10 years, that I have been with the company (Bitcoin). The most telltale sign of price upward movements is bitcoin moving back to the exchanges. Until we see the large volumes and these movements....plan on going sideways for a bit.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
A nice price jump surprise but I’m wondering if the mtgox disbursement is ever going to happen. Will it take the wind out of the ETF approval announcement when it happens? Are either of those events going to happen before the halving? This seems like the drama that won’t stop. Hopefully in the next 8 months we get all this behind us and can see how high this beast will climb.
ETF will be approved just in time to justify the real bull run late September 2024.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Hey, I heard you missed us me, we're I'm back!
I brought my pencil
Give me something to write on, man
I brought my pencil
Give me something to write on, man
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Here are some pictures worth many words, all data taken from https://www.bitfinex.com/order-book/?pair=BTCUSD
For those of you who might think that there aren't many BTC left on the exchanges to purchase, there seems to be plenty on Bitfinex.
Next, we have an unusual gap on the order books, cannot seem to get a clearer view directly from the exchange.
Finally, a large purchase order lower than before but this time broken up into 2 parcels. Previously in July there was an order at $12,5 for 804 BTC.
For those of you who might think that there aren't many BTC left on the exchanges to purchase, there seems to be plenty on Bitfinex.
Next, we have an unusual gap on the order books, cannot seem to get a clearer view directly from the exchange.
Finally, a large purchase order lower than before but this time broken up into 2 parcels. Previously in July there was an order at $12,5 for 804 BTC.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Who do you think controls the supply, DeBeers for example? What dictates the price of Diamonds? Surely the cost of mining determines the rock bottom price regardless of its supply. You should move past Econ 101, maybe start with Dr. Seuss
Who controls the price of Bitcoin? Bitmain, Tether(Bitfinex, willyBot 2.0), and soon Intel
Who controls the price of Bitcoin? Bitmain, Tether(Bitfinex, willyBot 2.0), and soon Intel
bitcoin no doesn't work like that.
Serious question to you then....What actually gives BTC a value in $...Be specific
You could not be serious.
Could you?
Could you?
What brings value to bitcoin is not the cost of mining all by itself.
Stop being such an ongoing simpleton PoolMinor.
If you want to argue that uie pooie got bitcoin all figured out in regards to its price moves and what makes it valuable in your various simpleton assessments, then you have the obligation to make such arguments and the burdens of providing evidence and logic to support your various simpleton conclusions.
You are not likely to get very far with such arguments, and I doubt that very many of us in these here parts are interested in such simpleton explanations.
Should I give you a hint or not?
I know that I am repeating myself, but even if we take the straight-forward essentials of the seven network effects that Trace Mayer outlined, mining is only a subset within one out of the seven of the network effects.. and you want to argue that mining is the pillar of bitcoin's value? and that everything else in bitcoin is based upon mining?
right?
right ?
rrrrrrrrrrrrrriiiiiiiiiigggggggghhhhhhhhtttt..
Back to ad hominin attacks because why? Because you don't have any real information it's all BS all the time wordy man......
BACK ON IGNORE you go.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Who do you think controls the supply, DeBeers for example? What dictates the price of Diamonds? Surely the cost of mining determines the rock bottom price regardless of its supply. You should move past Econ 101, maybe start with Dr. Seuss
Who controls the price of Bitcoin? Bitmain, Tether(Bitfinex, willyBot 2.0), and soon Intel
Who controls the price of Bitcoin? Bitmain, Tether(Bitfinex, willyBot 2.0), and soon Intel
bitcoin no doesn't work like that.
Serious question to you then....What actually gives BTC a value in $...Be specific
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Bottom is scheduled, capitulation almost here.
Tether market cap going up....sign the bottom is almost in. Tether can "see" the future by approximately 37 days.
DYOR
Tether market cap going up....sign the bottom is almost in. Tether can "see" the future by approximately 37 days.
DYOR
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
No, supply and demand dictates the price, nothing else, read a book, preferably economics 101.
Who do you think controls the supply, DeBeers for example? What dictates the price of Diamonds? Surely the cost of mining determines the rock bottom price regardless of its supply. You should move past Econ 101, maybe start with Dr. Seuss
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
No, supply and demand dictates the price, nothing else, read a book, preferably economics 101.
I disagree
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.
Then you don't understand what is happening.
I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive...
Please show where I say worthless?
https://www.911metallurgist.com/blog/the-cost-to-mine-different-cryptocurrencies-in-every-country
Cost of mining dictates the price, not the other way around.....Please read a book or something
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
This will be true once all Bitcoin are mined. Energy cannot be created or destroyed.
All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
.....one thing that will happen for sure if they actually go to court, is Twitter will have to actually disclose accurate bot figures...as I am sure that will be brought to the fore, or at least Twitter will face some serious scrutiny there, with somebodies neck(s) on the line. I am not so sure they want to do that.
Elon Musk went into a deal and tried to back out with a lame excuse. That does not sound like a winning case. But Twitter does have a lot to lose.
Wait, What? That looks like an expenditure sheet. What am I looking at? He bought 1000 less Bitcoin in June 2022? So you're saying this is the sign he was going to sell off his Bitcoin?
WOW....I could go off like JJG would do,, but perhaps you really are just a "ROACH"?
Numbers are represented in $millions.....go read a book or something
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
They
Bitcoin have just bounced up and reclaim above the 200 WMA and if it follows the previous market cycle patterns after touching or dipping a bit below the 200MA, this is a good sign for Bitcoin and the entire Crypto market.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by JayJuanGee (1)
ICYMI
People like pictures too!
1.26Billion --> 218 million is an ~82% haircut. Coincidentally the price dropped after the end of Tesla's Q1
