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

[xhomerx10]

[1715276282]

1715276282

[1715276282]

1715276282

[1715276282]

1715276282

[1715276282]

1715276282

[1715276282]

1715276282

[1715276282]

1715276282

[elrippos friend]

Oh make it stop... please make it stop...

What the hell is going on in here  

[Wekkel]

I hate eth but good for Vitalik for using his fame for something constructive.

Haha, shots fired....

If Nouriel has ideas about the next iteration of decentralised ‘sending value over the Internet’ systems, let him come forward. For the rest, it’s just a pony show.

I guess he will be tweeting about scammers and con artists in the regular financial world today.

[HairyMaclairy]

Buy the dip motherfuckers

[jojo69]

debart time?

[HairyMaclairy]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

[Elwar]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

[Last of the V8s]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

#Nourielknew
 

[Totscha]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

#Nourielknew
 

So you guys are not going to try and tell me that we're going up?

 

[Raja_MBZ]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

#Nourielknew
 

So you guys are not going to try and tell me that we're going up?

 

[El duderino_]

^
Where going UP weekend pump ahead of us 

[Totscha]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

#Nourielknew
 

So you guys are not going to try and tell me that we're going up?

 

[Last of the V8s]

Watch out world here come the grown-ups with a new paradigm. Cheesy
meme
lol

[JayJuanGee]

debart time?

We just tried to break out from the pennant.  Volume not quite there yet.

Tried but failed. 

Was Satoshi's vision flawed? Is the chain of blocks coming to an end?

#Nourielknew
 

So you guys are not going to try and tell me that we're going up?

 

[kurious]

https://docs.google.com/document/d/1uqwII-c8shKGlQSy2aqKs8EIT9Fa_322xr_up6zKRzQ/edit#heading=h.vgi9lx99hfng
some hope of China Chips

Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling. 

[Phil_S]

[Last of the V8s]

https://docs.google.com/document/d/1uqwII-c8shKGlQSy2aqKs8EIT9Fa_322xr_up6zKRzQ/edit#heading=h.vgi9lx99hfng
some hope of China Chips

Thanks for finding another great long read. A damn good insight into modern top-end competition and China's determined fight to get to no.1 in every aspect of hi-tech production. It's all Far-East based and the last prize is the chip itself. The West isn't even in competition and the investment numbers to even keep up are mind-boggling. 

Well hey thanks for noticing, meriting and summarising. I bet there are Chinese generals right now dreaming of 'liberating' TSMC. In the name of 'the people'.

[StartupAnalyst]

[ivomm]

It's because :

https://www.blockchain.com/btc/address/35gwu76KvShhjg2SQdFcH6caC2MBFyXk75

No ?

Wow a 15000BTC sale brings the price down for only several hundreds? Bullish!  

That is exactly the amount sold from 6600 to 6200-ish in Bitfinex. The price looks stable for now, only 5% loss is no big drama. It looks more like a bear trap to me. Of course, I agree that this year so far was a bears shitshow. All these people clearly have little faith and patience (or at least they had before but lost it now). But sooner or later the selling bears will dissapear.  Let's hope this was the last bear selling at 6K range.  I clearly remember last year how many people sold thousands of bitcoins when the price was below 3K. Now it is a rare thing to see a sell above 1K. In the next years probably we will be talking of hundreds-bitcoin-whales, then tens-bitcoin-whales  

In gloomy days like these, I try to imagine where the price will be in 3, 5, 10 years? There is no need to wreck my nerves by these short dips. If I just hold, I will become a millionaire way before my retirement. So, instead of selling, I prefer to buy moar bitcoins with my pathetic salary. Who knows, may be we will see new ATH sooner than expected.  I don't want to be on the wrong side when this happens.   Yes, I have faith that I will see it and enjoy it with my full stash intact by these shakeouts!!!

If you are willing to have a time preference horizon that goes beyond 5 years, it seems that you have really decent odds of profiting stupendously by continuing to dollar cost average into BTC until then - and hoping for the best - even if you happen to be regularly investing with a "pathetic salary," as you mentioned.

Of course, such hope regarding the future of BTC (and presumably BTC prices that will follow) is based on a certain kind of disparity of information in which you seem to understand the fundamentals of BTC and there are so many average Joes who either do not have a clue about BTC or they are filled with Angst or apathy regarding the extent to which bitcoin "may be valuable" (from their perspective).  

On the other hand, if your time horizon is way shorter, then there certainly could be some unnecessary risks - for example even less than 3 years - and you would not want to put a great amount of your money into BTC if you really needed to have that money liquid in a shorter period of time - such as less than 3 years.

Very well said! I understand the technology, of course, and I am confident that my savings (which quadrupled thanks to Bitcoin) can go over $1mil one day. For now they are enough only for a small house or a nice new car. I have an appartment and a VW CC, so for now I don't need cash. The last year for me was more nervous because of the uncertainty of the forks. But now I am absolutely confident that Bitcoin is here to stay (even if traitors like Ver and Wu tried to steal the project one way or another, Bitcoin ramained what it is meant to be). With the coming bakkt and ETF in 1-2 years tops, Bitcoin will remain the first blockchain currency (and Wall Street exchange asset), so its value will never stop rising. Of course, I am not delusional. There will be dips and sideways and it will be tough to hold at those moments. Speaking of predictions, I have 3 variants for the next 7 years (after 2 halvings).
1. The bearish one: In 2-3 years the price will revisit the 20K range. In 6-7 years it will reach $40-50K.
2. The mild bullish:  In 2-3 years: 40K. In 6-7 years it will reach $100K.
3. The most bullish:  In 2-3: 100K. In 6-7 years it will reach $500K.

I hope for the best but I can live with scenario 1. In 6 years I will still have 15 years to retirement, so I need only to buy moar and hold.

[Last of the V8s]

Oh that's how it works