Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[aesma]

Going from tweet to tweet I'm even reading about scams I didn't know about, like "play to earn" "game" Axie Infinity. As a long time gamer I spend to play. I spend on high end computer hardware, on games, on electricity, on time. It has never earned me anything, and that's how it should be. Unless becoming some kind of journalist/youtuber I mean (a cousin of mine is actually a pro gamer).

How anyone can think that thousands of people farming in a not even good game is anything but a Ponzi is beyond me.

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

[nutildah]

[Hueristic]

Post for those that don't understand commas?

[Dubaian]

@BTC_Archive

[eXPHorizon]

@BTC_Archive

There is no such things as fake Bitcoins


like& subscribe and affilate if you get it lmfao

[Richy_T]

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

Things go in cycles and the online world needs some decentralization brought back to it. Why would we want one "Metaverse" where you have to bow down before Zuck or risk losing everything you have?

[eXPHorizon]

Onto more Fruitful, Mattering Matters than this crap of dadegennet. Europe and Allies were conducting an Experiment this week where Energy collected from Solar in Space was wirelessly transmitted to Earth. Long live our allied world.

[nutildah]

Post for those that don't understand commas?

I'm curious, does anybody actually still take this guy seriously?

He's become a parody of himself, and makes bitcoin look pretty silly to people who aren't maxis.

Its not about the current price of BTC so much as how vapid his pseudo-philosophical cheerleading one-liners are.

Much like Beyond Chicken, its not the kind of content I would care to rally behind.

[HI-TEC99]

As an SF fan I have long thought some kind of metaverse will exist, when VR tech is sufficiently advanced (full bodysuit or some kind of direct brain connexion), however I didn't envision that it would be so centered on making money. It has to be sustainable of course and thus cost something, but "buying" plots of virtual land for crazy amounts, "buying" virtual Vuitton bags, what the hell ?

Things go in cycles and the online world needs some decentralization brought back to it. Why would we want one "Metaverse" where you have to bow down before Zuck or risk losing everything you have?

But what could possibly go wrong?

[Biodom]

In a large picture, I am not surprised.
All those "financial" people know is fractional reserve system, which is a norm for banks, so they try to apply the same for bitcoin and etc., thinking that they are protected by the same "confidence" as tradfi.

At some point, when this got exposed, I assume that they tried to 'fix' the situation via direct inappropriate funds transfer, but the goose was already cooked.
Now, some are probably trying the outright stealing (hacks, inappropriate transfers, etc, etc.).
I am not sure where it will all end.
However, we need liquidity for bitcoin to cash conversion, but if there is no liquidity on any exchange, this could become problematic.

[philipma1957]

Huh..! Really missing these days. $46000.

As things stand, you will miss those days for a long time, because so many people have been wanting the price to drop as low as possible for months, and then when it finally happened, they want it even lower - and I personally have nothing against going below $1000, because then everyone will can earn their first BTC only through faucets in case it is too expensive for them to buy it even then.

gawd... even the WO seems to be full of bears...  bottom must be near

No more exchanges will fall. ...

Yes, the possibility is there.

You sound like you are absolutely certain..

With that kind of conviction, selling everything to buy back lower is the way to go, right?  ....right?

I rarely do all or nothing.

Since I am mining I am getting some coins.

My exchanges holdings are now over 70% real usd in a fdic insured account.  I.E. real usa cash on coinbase.

lets say 3000  real usd on coinbase (random number)

and 300 usd in eth staked
and 300 in LTC which is how I pay simplemining monthly fees

and 300 in btc.

rest is on a few real wallets stashed off line.

I have a weekly dca with coinbase for btc.

I have some mining earnings coming in.

I can buy btc on coinbase and move it off to a wallet  I hold keys to.

[Hueristic]

Post for those that don't understand commas?

I'm curious, does anybody actually still take this guy seriously?

He's become a parody of himself, and makes bitcoin look pretty silly to people who aren't maxis.

Its not about the current price of BTC so much as how vapid his pseudo-philosophical cheerleading one-liners are.

Much like Beyond Chicken, its not the kind of content I would care to rally behind.

I'm curious who the two goobers that look like they want a dick stuck in their mouths are and what they mean by the chicken crap (tendies referance?).

I dont keep up or know influencer (if thats who they are) bullshit.

I need this entire thing explained to me.

[philipma1957]

Heck I see opportunity here for anyone that was slow to get BTC

simple do a nice DCA:

 50 a week or
100 a week or
200 a week or
more.

just be sure that you have spare funding to do it for a while (1 year or more)

[ChartBuddy]

Explanation

[Gachapin]

The usual FUD that follows behind any bad news to keep the pressure in a downward direction.

You are probably right on this one.
However I think many exchanges run a fractional reserve system.  At least I expect them to until they offer a real time audit.

For sure. This is not new news, however.

This fractional reserve system is why I wouldn't totally regard what cygan posted above as fud

[eXPHorizon]

[OutOfMemory]

As if i didn't hate FTX for fucking up Blockfolio already 

But whatever. It's good that they are erased from the map of exchanges, these lower price regions are teasing me to buy. Like a win/win anyway 

[decodx]

<...>just be sure that you have spare funding to do it for a while (1 year or more)

You think it will last that long?
Damn it, SBF... Damn!

[JayJuanGee]

El Salvador’s Bitcoin holdings have lost about 60% of their value amid this week’s selloff of the digital coin after Binance withdrew its offer to buy FTX.

@crypto

What's your point?

Yep... there seems to be a need to describe the meaning of these kinds of supposed factual points - even if true. 

Remember the rumors last week that FTX was holding all of El Salvador's bitcoin - and surely there ways to imagine the worse of scenarios - which really, if there had been a story about the country of El Salvador or even Michael Saylor being so dumb as to put all of their BTC on FTX, then that would have been worse than the BTC price going down situation that we currently have in front of us.

There may be some folks who are really scared out of their bitcoin's at these prices, or they fail/refuse to buy at these prices because of quite a few "scary" facts that may or may not be true (or could be true) and even some of them will end up Mindrusting.. because they "know for sure" that the price has to go down from here....

And, surely we really never know for sure when the bottom is in, even if the mindrust situation did seem like a solid bounce, but even that March 2020 extreme drop was scary when it happened.. similar to how a variety of our current "holy fucking shit" factual discoveries are likely scaring a lot of folks half to death (if not fully to death... literally, financially or psychologically)... 

So, some folks get paralyzed by scary facts.

Do we need to reassess whether our current cashflows are sufficient in order to sufficiently maintain ourselves in current times and in order to adequately/sufficiently prepare our lil selfies for the future?

I bought in about $500 increments from $20k-ish down to the lower $16ks - and I even currently have buy orders down from lower $16ks until the lower $12ks - and so there could be reflections about what to do... Just keep them the same?  Tweak them by changing their locations and/or their amounts?

There could be some other plans that I could make or take - but some kinds of plans I do not consider to be part of what I believe fits with my "ways of attempting to deal with these kinds of matters" - but still doesn't it always feel like we are in a somewhat "unprecedented" territory and we question the extent to which "this time might be different"?

[LDL]

In hindsight this was a 🚩 for the whole bitcoin thing



https://twitter.com/MemeingBitcoin/status/1591880924148514816?s=19