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

[jcojci]

$11000 in one hour  

Excuse me for quoting myself but how time flies

$44000 in one hour  

I had to do it... adding some math and science with proof (not like proudhon just bluffing).... pure facts and figures.

Facts:
Sep 2020   $11,000
Sep 2021   $44,000



hence we will be hitting $100k again around May 2023.

again: because first $100k is already scheduled for Dec 2021

If it's based on your image, bitcoin will never reach $100,000 and not even close to $75,000. Geez, if that so, we really need to have a big patient to wait for the price. That will be a long time to see the bitcoin price reach $100,000 in the middle of 2023.

[1714226746]

1714226746

[1714226746]

1714226746

[fillippone]

where khartoum is crossword
https://twitter.com/nayibbukele/status/1439815012642611203?s=21

I gotta say... I like the balls on this guy.  He actually seems to be a real bitcoinner.

Some back-of-the-envelope computation of mine.
Some more buying expected.


Hopefully no more BTFD, but FOMO Buying!

[ChartBuddy]

Explanation

[hisslyness]

$11000 in one hour  

Excuse me for quoting myself but how time flies

$44000 in one hour  

I had to do it... adding some math and science with proof (not like proudhon just bluffing).... pure facts and figures.

Facts:
Sep 2020   $11,000
Sep 2021   $44,000



hence we will be hitting $100k again around May 2023.

again: because first $100k is already scheduled for Dec 2021

If it's based on your image, bitcoin will never reach $100,000 and not even close to $75,000. Geez, if that so, we really need to have a big patient to wait for the price. That will be a long time to see the bitcoin price reach $100,000 in the middle of 2023.

that is a trend line... not actual price, it could race up to 200K tomorrow and fall back down to 20K, that chart is just showing the price is trending up.... following the path that fits the price of $11k and $44K

[xhomerx10]

Congratulations Canada. Top job.

 Sadly we're still left with a buffoon for a Prime Minister; at least he didn't get the majority he wanted.  

[HI-TEC99]

The next full moon will occur on Monday, Sept. 20 at 7:55 p.m. EDT (23:55 UTC), but the moon will appear full the night before and after its peak to the casual stargazer. September's full moon will be the Harvest Moon of 2021, though it is sometimes known as the Corn Moon and has many other nicknames by different cultures.

Is full moon the reason we got a dip? Do we get a pump at the next full moon?

[jcojci]

where khartoum is crossword
https://twitter.com/nayibbukele/status/1439815012642611203?s=21

I gotta say... I like the balls on this guy.  He actually seems to be a real bitcoinner.

Some back-of-the-envelope computation of mine.
Some more buying expected.


Hopefully no more BTFD, but FOMO Buying!

Long Live El Salvador

that is a trend line... not actual price, it could race up to 200K tomorrow and fall back down to 20K, that chart is just showing the price is trending up.... following the path that fits the price of $11k and $44K

Hopefully, in the rest of this year, the price will get more enthusiasm from big companies or people to invest in bitcoin, and the rally will come again.

[ChartBuddy]

Explanation

[Dabs]

There are also powerful arguments for an obfuscated blockchain to emerge.  And though much less clearly, Monero is the winner there. (I saw less clearly because NOTHING is established like Bitcoin is, and something *could* conceivably knock Monero off it's seat as the privacy king, though I think it's unlikely for a set of reason that has a LOT overlap with Bitcoin).  This has great implications and costs and you do not get the same level of security as you do with king daddy.

Anyway, interesting poll.  And I for one, look forward to the privacy improvements coming to Bitcoin.

Monero is the biggest, agreed, but watch out for a couple others in the privacy space. Maybe not Grin, I don't see it now. But a few others are playing catch up. Sorry for the OT.

[somac.]

Stock market taking us down again. So stupid.

[d_eddie]

We knew the world would not be the same. A few people laughed, a few people cried. Most people were silent.

How can I save my little boy
From Oppenheimer's deadly toy?

[JimboToronto]

Congratulations Canada. Top job.

I'm quite pleased with the result.

First of all it's a minority government. This means that any new legislation must gain support from other parties. No heavy-handed partisan crap.

Also I'm glad it was the most centrist party that will form the government and not the ultra-right-wing Western Redneck Hillbilly Party nor the left-wing Non Democratic Party. We don't need their crap.

It's interesting to note that in a manner eerily similar to the red/blue results in the last several USA elections, the big cities voted one way and the rural yokels the other way.

Hopefully this will last for a full 5 years.

[WastedLTC]

Seen this circulating and while I don't think it will pass;  just sharing.   It is a sweeping set of rules that would be a temporary blow to the market before being deemed worthless legislation.

https://old.reddit.com/r/Bitcoin/comments/pr7fow/new_shocking_us_crypto_regulation_far_more/

--snip

US Congress intends to regulate crypto on a level far deeper than currently understood―They will:

• Designate Bitcoin, Ether, and their hard-forks as commodities and regulate their transactions accordingly
• Create legal uncertainty for all other crypto projects and ICOs by allowing them to be labeled as securities
• Create legal uncertainty for all other crypto projects and ICOs by allowing them to be labeled as securities
• Ban the use of (unauthorized) stablecoins
• Introduce penalties for the use of mixers and privacy coins
• Rebrand smart-contracts that take longer than 24 hours to deliver as futures contracts and regulate them accordingly
• Re-define legal tender and change the way money is created by the Federal Reserve; and authorize the issuing of a digital USD of which all transactions are recorded
• Introduce foreign regulations into US law for all virtual asset service providers in the US (and with US clients). This would not be done to then never use it.

Infrastructure Bill, https://www.congress.gov/bill/117th-congress/house-bill/3684/
Digital Asset Bill, https://www.congress.gov/bill/117th-congress/house-bill/4741/

[ChartBuddy]

Explanation

[Lucius]

Just HOLD&Buy Dip

[ChartBuddy]

Explanation

[Arriemoller]

The next full moon will occur on Monday, Sept. 20 at 7:55 p.m. EDT (23:55 UTC), but the moon will appear full the night before and after its peak to the casual stargazer. September's full moon will be the Harvest Moon of 2021, though it is sometimes known as the Corn Moon and has many other nicknames by different cultures.

Is full moon the reason we got a dip? Do we get a pump at the next full moon?

I don't know about the bitcoin pumps, but the moon cycles make men sleep less good.

Does the men who wake up in the middle of the night during the waxing period buy the midnight dips? We will probably never know.

https://www.sciencedirect.com/science/article/pii/S0048969721052992?via%3Dihub

"Abstract
Using one-night sleep recordings from 852 subjects all living in Uppsala, Sweden, the present study represents one of the largest polysomnography investigations into the association of the 29.53-day long lunar cycle with sleep among men and women and across a wide age range (22–81 years). Following the day after the new moon until the day of the full moon (also named the waxing period), the moon's illumination increases, and the timing of the meridian of the moon is gradually shifted from noontime toward midnight. In contrast, from the day after the full moon until the day of the new moon (also named the waning period), the moon's illumination decreases, and the timing of the meridian of the moon is gradually shifted from early night hours toward noontime. Thus, we focused on the contrast between the waxing and waning periods. Sleep duration was shorter on nights during the waxing period as compared to waning period (P < 0.001). In addition, a significant interaction effect of participants' sex with the lunar period on sleep was noted (P < 0.05). Men, but not women, exhibited lower sleep efficiency (P < 0.001 and P = 0.748, respectively) and were longer awake after sleep onset (P = 0.010 and P = 0.890, respectively) on nights during the waxing period. All associations were robust to adjustment for confounders (including regular sleep disturbances). Our findings suggest that the effects of the lunar cycle on human sleep are more pronounced among men. Based on the cross-sectional design of the study, no firm conclusions can be drawn on the causality of the relations."

[dragonvslinux]

The next full moon will occur on Monday, Sept. 20 at 7:55 p.m. EDT (23:55 UTC), but the moon will appear full the night before and after its peak to the casual stargazer. September's full moon will be the Harvest Moon of 2021, though it is sometimes known as the Corn Moon and has many other nicknames by different cultures.

Is full moon the reason we got a dip? Do we get a pump at the next full moon?

There is a correlation between full moons around short-term reversals in price, due to emotional sentiment I imagine, so is possible that was the final dip. Will have a look and see if there's been a correlation in recent months and post some TA on it if it appears relevant...

[Dabs]

US Congress intends to regulate crypto on a level far deeper than currently understood―They will:

• Designate Bitcoin, Ether, and their hard-forks as commodities and regulate their transactions accordingly
• Introduce penalties for the use of mixers and privacy coins

So, let's pretend it happens, as commodities, what does that mean? In the US and outside the US would it make a difference? (Obviously everything offshore won't care as much, but they will still get affected.)

As for mixers and privacy coins, ... uh ... I don't know. Good luck with that. Innocent unless proven guilty, ... unless they turn this around and make you guilty by default.

Swapping from BTC to XMR or ARRR ... how does one penalize that? CoinJoins, and later Taproot stuff ...


On the other hand, if I want a new shitcoin and I don't want it to be called a Security, I'm just going to fork BCH or BSV and state it is a Commodity. Or fork ETH or ETC and use the new shitcoin as if it were a commodity.

[El duderino_]

https://twitter.com/100trillionusd/status/1440084532875587587?s=21