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

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[JayJuanGee]

You must not understand DCA.

DCA in respect to BTC does not give any shits about short term prices - except perhaps retaining a presumption that in the long term 4-10 years or more (or whatever is your holding timeline) bitcoin is likely to have prices that are higher than they are today, so in that sense that it is likely to be a good investment and profitable in the long term.

Buying on the dip is another dynamic that can be used to supplement DCA.. but it is not DCA...  

No no JJG you got me wrong, I understand DCA and you explained this on WO like how many times? 465? Starting in 2014

So by now I think we on WO should know DCA like palm of our hand  

Even I personally got some 1-1 JJG DCA Lectures

Hahahaha

I stand by my previous assertion(s), even though you did post some decent evidence regarding how I have redundantly posted about DCA and related matters.... .. but my arguably repetitive posting on the topic does not indicate that anything that I have previously said or done or that I am currently saying or doing has sunk into your noggen.. (no homo)




 





Note:  I deny that I am even proclaiming to know anything worth knowing.

Hello Wall Observers, glad to be here.

Great poster that Cryptotourist guy, shame he had to go.
I’ll try my best to walk in his shoes.

Oh gawd...  

I did not say that, and I am not saying that.  The China mining ban is 2021 is an interesting point though in regards to a lot of bitcoin-related matters - but such "ban" did seems to temporarily affect the hashrate in a negative way with a near halvening of the hashrate that largely sprung back within about 4-6 months (and largely sprung back way more quickly than a lot of folks had expected).. .it also seemed to contribute towards already existing miners to have become extremely profitable and inspired a lot of new mining entrance - and perhaps overly leveraging.. and we see some of the fall out from that overleveraging and perhaps even overbuilding today.. ...and it seemed to inspire greater geographical diversity..  .. so yeah of course, BTC price was not unaffected by some of those matters.. but it would likely lead many folks to wrongedly assessments to attempt to hitch whatever various relationships of BTC price to hashrate during that period as if BTC prices were following hashrate.. but hey, believe whatevers you would like.. those are your choices.

Do you always use this many words to claim the obvious?
Hashrate affects the price - not the other way round - period.

There's no formula.

I use however many words, if any, within my plenary discretion... you plenary retard.

Aren't you Mr. Wonderful and such a genius too?

If you thought Cryptotourist was such a great guy, just wait till we get acquainted.

please don't.. I am shaking in my boots.

Who cares whether you were right or not about the "scamdemic?"  For argument sake, let's assume that you were right about the "scamedemic from day one", as you put it.   You are trying to argue that if you happen to be right about one topic, then all of a sudden you are right (or an expert) on all topics.  That makes a lot of sense.

First things first, it’s scamdemic without the brackets.
I by no means claim to be expert on anything, but I always - and constantly - do my own research, instead of believing useful idiots such as yourself.

I am very proud of uie-pooie.  I'm considering sending a note to your grandma to have her deliver you more cookies and milk.


As a reward.. in case you did not understand.

Is your dog friendly?  Or mean like you?

My dog is one of the friendliest dogs alive, apparently like Cryptotourist’s dog too.
BTW, I don’t think he was mean, he just had zero tolerance for bullshit, especially coming from wordy AI’s.

May Cryptotourist live on.  If ONLY there were a way?

Merry Christmas to everyone who has held steadfast to their Bitcoins. We keep hodling  

Image source: https://news.bitcoin.com/christmas-bitcoin-memes-crypto-graphics-phneep/

Bitcoin prices are likely to rise appropriately this Christmas Day.  Because that's the holding opportunity $16783 bitcoin price.  Since 2022, Bitcoin price has fallen by -65.44% as of today, December 22nd.  This market will fully recover at one time.  Because the Bitcoin market will never stop its price will increase but on this Christmas Day the price of Bitcoin will exceed 20k dollars.  But we can never miss this opportunity, now we just have to hold.  It is certain that if you hold, the market will recover.  But opportunities to invest do not always come the only opportunity is to invest for long term.

There may well be some member here to take the other side of that bet.

BTC

What does it mean?

[Unknown Op]

Just For Fun   only Legend  can understand  

[ChartBuddy]

Explanation

[BitcoinBunny]

Ex-crypto mogul Sam Bankman-Fried out on $250m bail after extradition from Bahamas
https://www.theguardian.com/business/2022/dec/22/sam-bankman-fried-new-york-court-charges-ftx

Everyone's ok with this yeah?

With the amount of money people will have lost you would have thought there would be multiple hit jobs out on this cocksucker. He probably gets better protection than JFK had.

The fact his imbecilic parents bailed him out tells you enough. Another criminal enterprise. No morals, disgusting behaviour.

How do "professors" at a university have this much collateral? Or was this all syphoned off via FTX?


The criminals are truly in charge in the good old USA.

And they think they can tell others what to do. Biggest joke ever.

[ChartBuddy]

Explanation

[Gachapin]

Merry Christmas to everyone who has held steadfast to their Bitcoins. We keep hodling  

Image source: https://news.bitcoin.com/christmas-bitcoin-memes-crypto-graphics-phneep/

Bitcoin prices are likely to rise appropriately this Christmas Day.  Because that's the holding opportunity $16783 bitcoin price.  Since 2022, Bitcoin price has fallen by -65.44% as of today, December 22nd.  This market will fully recover at one time.  Because the Bitcoin market will never stop its price will increase but on this Christmas Day the price of Bitcoin will exceed 20k dollars.  But we can never miss this opportunity, now we just have to hold.  It is certain that if you hold, the market will recover.  But opportunities to invest do not always come the only opportunity is to invest for long term.

There may well be some member here to take the other side of that bet.

My body is ready...

[Gachapin]

However since shahzadafzal didn't answer my proposal for a bet yet, I was hesitant to poke the next guy with a bet, as I'm by no means a betting person and I didn't want to come off as one...  

That was a bet? I mean that was just a sarcastic smiley.. look..

Regardless of who you support, I think we can all agree (except for the odd alpaca) that BTC should have made a new ATH by the latter.

First Quarter of 2023

wanna bet some BTC ?  

I mean I could take it like you meant... it will be ATH even before first quarter of 2023.

Btw since BitcoinBunny mentioned alpaca aka llama, I was poking this singing llama with that comment

No the smiley was meant as a nice smiley...  like a nice invitation  


For clarification: I'm a hardcore hodler and I would love to see an ATH soon. It would give me so much joy that I would happily part with some of my BTC when I lose this bet.

As I understand it you mean before end of 1st quarter 2023 (31st March 2023) we will see another ATH on Bitstamp? (last ATH was exactly at 69,000 USD)

I would say no, and bet against it.  However, I love my BTC and I'm no gambler so I wouldn't bet much. Just some "change" (maybe up to 0.1 BTC or so) in a 1 : 1 bet.

I'm also very happy without betting, so please feel free to join or not.

[_morghulis]

Just For Fun   only Legend  can understand  

Oh I see you met.  PENIS

I'm no legend but I got it correctly. 

[Biodom]

Just For Fun   only Legend   can understand  

Oh I see you met.  PENIS

I'm no legend but I got it correctly.  

correct, but it's like a middle school level humor, sorry.

[ChartBuddy]

Explanation

[Biodom]

If someone wants to listen to a macro story:

https://www.youtube.com/watch?v=EI_M4o2mrs8

F. Zulauf is amazing, I wish i listened more to him at the end of last year.
He used to be Barron's round table member for decades.
However, they did not discuss bitcoin, just stonks and bonds.

From their discussion: Fed will probably pivot in Q2 and it will be risk-on in the second half of 2023, but before that-recession and earnings decline.
I figure, end of Q1-early Q2 might be a perfect time to buy pretty much everything, including bitcoin.
However, they predict that this would be just a cyclical rally with more interest rates jump in 2024 into 2025.

[ChartBuddy]

Explanation

[Arriemoller]

@OP (Santa poster) and WO gays...sorry, I have no idea what "muscled" Santa manifested, lol.
Perhaps, I can guess, though.

Ho-ho-homo! I don't think many WOers are actually gay (apart from Bawb obviously). It's just a good old tradition which is believed to help Bitcoin rise!

It's neither good nor old, it's a kidnapping of the cat christmas card tradition, and as you can see, it makes bitcoin go down.

[Gachapin]

@OP (Santa poster) and WO gays...sorry, I have no idea what "muscled" Santa manifested, lol.
Perhaps, I can guess, though.

Ho-ho-homo! I don't think many WOers are actually gay (apart from Bawb obviously). It's just a good old tradition which is believed to help Bitcoin rise!

It's neither good nor old, it's a kidnapping of the cat christmas card tradition, and as you can see, it makes bitcoin go down.

WO gay Christmas card quantity becomes uncorrelated (or even inverse) to BTC price?

What should we post instead?  Any suggestions?

[newbtc101]

If someone wants to listen to macro story:

https://www.youtube.com/watch?v=EI_M4o2mrs8

F. Zulauf is amazing, I wish i listened more to him at the end of last year.
He used to be Barron's round table member for decades.
However, they did not discuss bitcoin, just stonks and bonds.

From their discussion: Fed will probably pivot in Q2 and it will be risk-on in the second half of 2023, but before that-recession and earnings decline.
I figure, end of Q1-early Q2 might be a perfect time to buy pretty much everything, including bitcoin.
However, they predict that this would be just a cyclical rally with more interest rates jump in 2024 into 2025.

If 2023 repeats 2019 then Q1 - Q2 promises btc going up. If F Zulauf is right and the Feds will pivot in Q2, shouldn't the market react 2-3 months before that due to "insider" info, so we will see btc go up sometimes in February?

You lost me ... Why then the end of Q1 would be a perfect time to buy rather than now?

Also isn't Q2 2023 will be the point when Mt Gox will (likely?) release that big chunk of btc...

Surely 2023 will be interesting for btc 

[Arriemoller]

@OP (Santa poster) and WO gays...sorry, I have no idea what "muscled" Santa manifested, lol.
Perhaps, I can guess, though.

Ho-ho-homo! I don't think many WOers are actually gay (apart from Bawb obviously). It's just a good old tradition which is believed to help Bitcoin rise!

It's neither good nor old, it's a kidnapping of the cat christmas card tradition, and as you can see, it makes bitcoin go down.

WO gay Christmas card quantity becomes uncorrelated (or even inverse) to BTC price?

What should be post instead?  Any suggestions?

Kittens, thats how it started.

[Arriemoller]

[philipma1957]

If someone wants to listen to macro story:

https://www.youtube.com/watch?v=EI_M4o2mrs8

F. Zulauf is amazing, I wish i listened more to him at the end of last year.
He used to be Barron's round table member for decades.
However, they did not discuss bitcoin, just stonks and bonds.

From their discussion: Fed will probably pivot in Q2 and it will be risk-on in the second half of 2023, but before that-recession and earnings decline.
I figure, end of Q1-early Q2 might be a perfect time to buy pretty much everything, including bitcoin.
However, they predict that this would be just a cyclical rally with more interest rates jump in 2024 into 2025.

Likely correct they will pivot say mid may but rates will rise again down the road.

Juggling interest rates in a way that  the multi trillion dollar long term care industry can survive means higher rates for a while.

by moving them up in late jan 50 bp and mid march 50bp then one last bump in very early may say 25 bp

LTC funds will get much more stable..

Pause rates in late june and august to assess the various finances of other companies .

of course the Ukraine 🇺🇦 vs Russia 🇷🇺 conflict could alter shit radically.

lots of variables  there.