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

[ChartBuddy]

Explanation

[Republikcoin.com]

Nice bear market rally.

Don’t be too happy.

12k coming fags.

No, 12K won't come with just a measly market rally buddy. Now you see what Cathie Wood said: Inflation is the confiscation of wealth. People need Bitcoin

Likewise, the words of a Strike CEO: Bitcoin will run by itself no matter what. Bitcoin is unstoppable ✊

And I totally disagree with what Billionaire Charlie Munger said: Bitcoin is not a currency or a commodity, it's a gamble. _{Source: https://twitter.com/BitcoinMagazine}

This means that 12K is not what many people expected and because more people need Bitcoin as Cathie Wood said, the increase in the price of Bitcoin will be more dominant to occur in this year than the large rally or bear market as happened last year

[sirazimuth]

snip

Too bad 13 year olds can post on pollute this forum... but only if Mom allows the screen time.

Are there really people who are driving around THIS stupid??
https://twitter.com/ClownWorld_/status/1620856956729851906

 

No.... that couldn't be staged...it's Twatter.... Nice penny whistling though....

[ChartBuddy]

Explanation

[kellrobinson]

If anybody's bored and wants something to play with, here's a bash script to estimate the number of days until the next halving

Code:

#!/bin/bash
date --iso-8601
bid=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".bid")
ask=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".ask")
#p0 is midmarket price to 2 decimals
P0=$(bc -l <<< "scale=2; ($bid+$ask)/2")
echo "mid-market BTCUSD: "$P0
#height=$(curl -s "https://blockchain.info/latestblock" | jq -r ".height")
height=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".height")
time=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".time")
#May 11, 2020 19:23 halving time 1589225023
#seconds since last halving (sslh) = $time-1589225023
sslh=$(($time-1589225023))
#days since last halving (dsince) = seconds/86400
dsince=$(bc -l <<< "scale=6; $sslh/86400")
#projected days of 2020-2024 halving (dproj) =  (time-1589225023)/((height/210000-3)*86400)
dproj=$(bc -l <<< "scale=6; $dsince/(($height/210000)-3)")
echo "projected duration of the current halving:"
echo $dproj
#rounding procedure
#extract decimals, double, add 1
num=$(bc -l <<< "scale=6; 2*($dproj-${dproj%.*})+1")
#truncate, subtract 1, divide by 2
num=$(bc -l <<< "scale=6; (${num%.*}-1)/2")
#add to original variable
dproj=$(bc -l <<< "scale=6; $dproj+$num")
#truncate
dproj=${dproj%.*}
echo $dproj "days"

[ChartBuddy]

Explanation

[jojo69]

[Biodom]

Hmmmm...da f-k?

https://seekingalpha.com/article/4574872-bitcoin-new-war-beginning

[ChartBuddy]

Explanation

[Hueristic]

If anybody's bored and wants something to play with, here's a bash script to estimate the number of days until the next halving

Code:

#!/bin/bash
date --iso-8601
bid=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".bid")
ask=$(curl -s "https://www.bitstamp.net/api/ticker/" | jq -r ".ask")
#p0 is midmarket price to 2 decimals
P0=$(bc -l <<< "scale=2; ($bid+$ask)/2")
echo "mid-market BTCUSD: "$P0
#height=$(curl -s "https://blockchain.info/latestblock" | jq -r ".height")
height=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".height")
time=$(wget -q -O - "https://blockchain.info/latestblock" | jq -r ".time")
#May 11, 2020 19:23 halving time 1589225023
#seconds since last halving (sslh) = $time-1589225023
sslh=$(($time-1589225023))
#days since last halving (dsince) = seconds/86400
dsince=$(bc -l <<< "scale=6; $sslh/86400")
#projected days of 2020-2024 halving (dproj) =  (time-1589225023)/((height/210000-3)*86400)
dproj=$(bc -l <<< "scale=6; $dsince/(($height/210000)-3)")
echo "projected duration of the current halving:"
echo $dproj
#rounding procedure
#extract decimals, double, add 1
num=$(bc -l <<< "scale=6; 2*($dproj-${dproj%.*})+1")
#truncate, subtract 1, divide by 2
num=$(bc -l <<< "scale=6; (${num%.*}-1)/2")
#add to original variable
dproj=$(bc -l <<< "scale=6; $dproj+$num")
#truncate
dproj=${dproj%.*}
echo $dproj "days"

Nice job commenting.

[Hueristic]

Sometimes needs to be repeated.




I Lol'd.

https://i.imgur.com/ndI5EIK.mp4


Sauce:https://imgur.com/gallery/4bvj5UO

[ChartBuddy]

Explanation

[nutildah]

but it will still need a front end application that can decode and display that content.

Exactly. Not really a big deal. It will be something people need to explicitly seek out in order to see, not something one can just stumble across. As it always has been.

[Gachapin]

What I don't understand: some are saying higher fees due to ordinals could mean increase of USD/BTC.  But wouldn't miners be able to sell BTC for cheaper prices than usual, when they made more revenue off fees?


higher fees might speed up a fee-based mining model though that would eventually be needed, when block rewards get too low, due to the halvings ...however that's still long time ahead...

[Paashaas]

A massive Chinese surveillance balloon spotted hovering over Montana, U.S.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[jojo69]

A massive Chinese surveillance balloon spotted hovering over Montana, U.S.

[ChartBuddy]

Explanation

[ivomm]

So far 24K being rejected multiple times doesn't hurt much. BTC has plenty of time this year and the first half of 2024 to climb two more floors and stabilize around them - 30K-ish and 40K-ish.  For those who doesn't get my thought - by stabilizing I mean the median price yearly speaking. This means that for a short time the price can climb up much more but then it will drop back and stay there for a longer period. So, the year high could be 50K+ but the median price around 30K. This is what is important for the next bull market, not the spikes. I really hope this will happen, but there is still a possibility of returning to sub 20K prices if the resistance 24K holds for too long. Historically, however, any price resistance far below a round number has never been a psychological barrier, so 24K shouldn't be a problem.