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

[dragonvslinux]

It's taken around 4 months, but from my understanding the accumulation zone has officially moved up from $33.6K level to $48.4K. Congrats everyone, we did it! 🥳



Ironically, it happens on the day of a break of $50K, but was also due any day now pending an increase of volume which has now taken place.
Still won't be surprised to see a re-test of the 50 Week MA this week or next around $48K, but for now, price looks very bullish indeed.
Next step, moving the accumulation zone up to $56.5K, to build the next level of strong support. Still a way to go yet before ATH.

[bitcoinPsycho]

https://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207-story.html


The bitcoin crash of 2013: Don’t you feel silly now?


Multiple ironies contained in this article from 2013

[Torque]

Along with the fact retail are currently mesmerized by the latest big chain narrative being crammed down their throats by all the vest wearing VC assholes.  My, how those narratives have morphed over the years.  A pile of solutions looking for a problem.  World computer. Sound money!  ICOs,  No, Sound money!  WEB3!  No sound money! No WEB3!!!

I want to take a moment to outline why Web3 is massively retarded, then I will go back into my hole.

Web3 will fail for one simple, elephant-in-the-room reason that seemingly no one wants to discuss or think about:

People do not want to, and will simply REFUSE to, pay more (beyond their internet access cost) in order to access content on another version of the internet. No matter what it contains or how great it is.

Period. It's basic human nature.

The VCs believe that they can incentivize people with fake incentives to PAY MORE to be on Web3. It too will also fail.

People will just flat out refuse to pay for it. Just look at the internet today. When most are confronted with a now-required subscription to a website that formerly had free content, most people just leave that website and kiss it goodbye, never to return. That's why almost all major websites make the subscription completely optional, or offer exclusive subscription-based content along with the free stuff. Because if they didn't do that and made the subscription mandatory for all their content, they would lose the majority of their viewers, and thus ad revenue.

Once you've opened Pandora's box and made the internet free and open for 40+ years, you cannot go back and then make it pay-to-play, or micro-transactions everywhere.

All the other reasons why Web3 might fail are little more than window dressing.

Maybe, but they do pay for Netflix, Hulu, Disney, Prime and Xfinity, sometimes simultaneously for all five.
People also take roads with tolls around here, even when no-toll roads are available.

Oh, sure. There will always be the minority of crazies that jump on the bandwagon. I guess I shouldn't have used a blanket statement of 'people', but I really meant the majority, like 95-99% of people won't do it.

I am more concerned about some web3 companies doing play to earn where you engage in some meaningless activity to earn small amounts of "currency".
You are basically sell yourself (as a human being) short.

Yep. I mean, look at Steem. What a great concept, right? Open website where people can post any content, and other people pay to read other's posted content with microtransactions in Steem currency. So you earn Steem by posting content. But look at the adoption...next to nil. By all measures it has been a failure. And the value of Steem has fallen off the map, currently ranked #327 on CMC. I can remember a time when it was in the top 15 of the crypto list.

[cAPSLOCK]

Shhh.. please don't jinx it...

Who sold at the bottom?!?!

Who got some during LAST TIME you could EVER buy Bitcoin under 50k!?

Can you say "Supercycle?"

We are headed to a new ATH!

100k before MAY!

The next 30 minutes are critical!

How'm I doin?

[cAPSLOCK]

https://www.youtube.com/watch?v=3Y71iDvCYXA

Pretty sure Elvis is gonna be in a walker pretty soon because of all that he did to his ankles and knees.

[ChartBuddy]

Explanation

[OutOfMemory]

Been already busy doing Christmas stuff the last days. gonna keep it short and go on.
Looking forward to backread a lot of pages of WO  
Wish you all fellas happy christmas, while bitcoin pumps and here is a gay christmas card:

[marcus_of_augustus]

.... the 4 year supply halvening price cycle is dead

.... long live the S-curve adoption demand super cycle

[LoyceV]

.... the 4 year supply halvening price cycle is dead

.... long live the S-curve adoption demand super cycle

Can't these be combined? Every 4 year the S-curve makes a bump up.

[d_eddie]

Been already busy doing Christmas stuff the last days. gonna keep it short and go on.
Looking forward to backread a lot of pages of WO  
Wish you all fellas happy christmas, while bitcoin pumps and here is a gay christmas card:

Not sure why, but your gay Xmas card is my favorite to date...

[Paashaas]

There was a 2nd meme with the red and green didldo's on it....

This one you had in mind?

[ChartBuddy]

Explanation

[philipma1957]

took 7k of my rescued coinbase money and got some gear.

[philipma1957]

Debating to block buddies 3 bagger or not.

I guess I go for the block wtfn?

I am thinking this paid off 

[BitcoinBunny]

What a lovely little pre Christmas green dildo gift to all Hodlers from Santa. Thank you Santa.


Saw it mentioned here. The only way I would pay for Disney Plus is if Disney stops ass raping Star Wars. As in; stops making ANY more Star Wars of any kind.

I stopped Netflix a while ago.

I do have a poor man's version of Sky TV which is called NOW and its cinema membership. For some reason they gave me the free full HD upgrade + surround sound (so pathetic they split it) the next 6 months for free plus a discount to just £5 per month. So can't complain. Quite a few movies on there when I can be bothered to have a look.

I mostly watch Blu Ray as I still maintain the quality is superior compared to most streaming I've seen, mostly in the audio actually. On the PS5 disc edition it is quite glorious. Best way to enjoy my home theatre.

Will probably re-watch a couple of Christmas movies over the next few days: Scrooged, Home Alone, Christmas Vacation, Die Hard and maybe even A Wonderful life. That sort of stuff.

[vapourminer]

took 7k of my rescued coinbase money and got some gear.

get some yubikeys and make it part of your permanent kit. best 2fa yet, or close to it.

coinbase and gmail use it.

[arcmetal]

.... the 4 year supply halvening price cycle is dead

.... long live the S-curve adoption demand super cycle

Can't these be combined? Every 4 year the S-curve makes a bump up.

That would be the quantized S-curve of adoption.

[d_eddie]

...and pretty looking volume too

[ChartBuddy]

Explanation

[d_eddie]

Let me go out on a limb with a "downity before uppity"

<BatmanSlapShield>
Not that we need too, but I think we may be getting double crossed.

This beautiful pumplet with healthy volume could be followed by a sharp dump "casually" happening on the mother of all option expiries on the last day of 2021, which happens to be a Friday.
Meanwhile, covid data about the omicron blah blah, new lockdowns blah blah, economy going to the dogs blah blah, you know it all already (at least if you've been following the WO for any length of time beyond a few months.)

OMG disaster! Global economy will never recover! Corn is dumping! So doom, much cry! It was a bull trap! Sell sell sell! The last panic for the (very few) remaining weak hands.

Early 2022: the inevitable has been delayed multiple tiimes and cannot be postponed anymore. The sweet moonshot hugs the true hodlers left "holding the bag".
</BatmanSlapShield>


-Standard SOMA disclaimer-