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

[hisslyness]

That latest U.S. jobs report is pure BS. With all the mass layoff announcements? In the first two weeks of Jan?

No. Fucking. Way.

I'm sure the numbers were fudged, probably pulled forward holiday and contract hires, just to dump on the longs.

They'll revise down months later.

The Fed really wants to keep this inflation narrative and rate hikes going, drag it out for as long as possible.  

They call it Seasonal Adjustment!.. i.e "We can make up shit and spin in a way that the average person will say o yeah, that make sense!"

Of course they will drag it out as long as they can, think of all the interest they are getting on the trillions dollars of bonds they hold! I wonder when the tax hikes are coming....

Maybe the ultimate goal here is drive "US Military Recruitment" to prepare for possible future conflict.... maybe...

[1680000717]

1680000717

[1680000717]

1680000717

[hisslyness]

NEW: Mining firm Marathon Digital Holdings, second largest publicly-listed holder of #Bitcoin     has sold 1,500 BTC, worth $35.3 million for the first time in two years

https://twitter.com/BitcoinNewsCom/status/1621508577570725888?t=w6Peb_vfI4EnFwfJ2LPfIw&s=19

Unfortunate, but bills have to be paid. However, they are still hodling 10,000+ Bitcoin.

[ChartBuddy]

Explanation

[xhomerx10]

No. Fucking. Way.

do you not see it as possible?

 You're a tough sell.  He had me convinced at, "No."

[BitcoinBunny]

That latest U.S. jobs report is pure BS. With all the mass layoff announcements? In the first two weeks of Jan?

No. Fucking. Way.

I'm sure the numbers were fudged, probably pulled forward holiday and contract hires, just to dump on the longs.

They'll revise down months later.

The Fed really wants to keep this inflation narrative and rate hikes going, drag it out for as long as possible.  

Would be good if they reported people employed, NOT multiple jobs by 1 person, which is utter nonsense.

Won't surprise me if they count someone having an Only Fans account as having 1 extra job even though 70% of the people on there don't even make 100 bucks per month.

[ChartBuddy]

Explanation

[d_eddie]

Weekly vibrations
Corn tops shaking in the wind
The February chill




#haiku

[ChartBuddy]

Explanation

[JayJuanGee]

Nice bear market rally.

Don’t be too happy.

12k coming fags.

Poor widdo Billy no coiner.. still waiting for an entry position.., and weren't you stating sub $10k earlier?  Why you moving up?  Just think about how many cornz you could have gotten on our drop down into the mid $15ks.. Didn't you pick yourself up some cornz?  It's likely that you are going to regret not buying so many coins that you could have gotten below $100k.

Where is the guy with McDonald’s hat… counting sats . 😝

Yep... the diligent toiler who keeps accumulating.. even for 10 years or more deserves some recognition, yet for sure, s/he will have a whole hell of a lot more options, even if he might have ONLY been able to stack $10 per week worth of sats.. but if we get to 20 or 30 years down the road, the persistent and ongoing sats stacker will likely be in really good shape..

[edited out]

Fat chance billy bob… sorry you didn’t get the bottoms in memo at 17k$ 😝

I don't have so much confidence as to presume that the bottom is in.. even though the odds do seem to be getting better that the bottom is in.. but I am not sure how high of a percentage that we can proclaim it to be... Perhaps greater than 35% odds that the "bottom is in?"   Am I too bearish with those kinds of numbers that might suggest that there could be greater than 35% odds that the bottom is not in?

[lizarder]

Just for fun before heading to 2024 the graphics on the tree twister are impressive let's hope to go to the moon and beat the news the Fed wants to follow the narrative of inflation and rising interest rates or the huge Chinese balloon seen floating in the American skies.

[OROBTC]

...

SOMEONE using Wasabi is confident about HODLing BTC, and that whatever chain analysis company that looks at Wasabi's coinjoins won't matter to them...  Check out the below, with a whopping 130BTC UTXO:

https://mempool.space/tx/b1c32fee891ebc3f4e3ee9553ce9a71f44eb62b2df602146bf051f633cd4c6c5

I'm seeing more and larger coinjoins now.

[OgNasty]

That latest U.S. jobs report is pure BS. With all the mass layoff announcements? In the first two weeks of Jan?

No. Fucking. Way.

I'm sure the numbers were fudged, probably pulled forward holiday and contract hires, just to dump on the longs.

They'll revise down months later.

The Fed really wants to keep this inflation narrative and rate hikes going, drag it out for as long as possible.  

I sort of thought the same thing.  I have multiple friends dealing with layoffs at their jobs now and the ones that aren't have had their hours cut or been told to start saving in case the worst happens.  Maybe the layoffs haven't actually occurred yet, and this is the last ditch effort to justify their rate increases headed into a recession?  In any event, they can't continue pretending the job market is strong for much longer.  The jobs that are available are trash that nobody wants and the only explanation in my opinion for an increase in job numbers is that people are getting second jobs to try and make ends meet with higher rates.  I would agree that this is more manipulation and that Biden is dead set on causing a recession so that he can promise assistance going into the next election.  He's now even denying inflation was his fault.  We are fully headed to an Idiocracy future.

[John Abraham]

He switched to using BSV, so he won't be writing any more images to Bitcoin's blockchain.

i have found out that bitcoin forked and cryptograffiti uses "bitcoin cash" which seem less popular than "bitcoin". how many miners bitcoin cash has? how much reliable is this? are messages saved there are now going to be provable to be indeed not changed by 51% attack?

Actually CryptoGraffiti.info now features only the Original BitCoin (BSV)...

Haha, what a retard.

They are inactive. I want them to see a meme.

[ChartBuddy]

Explanation

[zaki12]

Bitcoin has started to take the roof off. 



https://twitter.com/MartiniGuyYT/status/1621215432710537218

[bbigtart]

Is Bitcoin really trading at $38k in Nigeria?

Cointelegraph reported, the price of Bitcoin in Nigeria has skyrocketed far above the level of the global market.

[JayJuanGee]

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

Fuck Charlie Munger in terms of his lame-ass assessment of what he believes "bitcoin is" or how any kind of normie should consider their bitcoin allocations and/or BTC accumulation strategies.. that fuck is misleading people and should not be cited as if he were some kind of source of authority in terms of bitcoin, even though he does seem to know a lot of other things about investing.. he seems too busy trying to defend his legacy since bitcoin is ongoingly eating the lunch of various aspect of his legacy.

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.

You have been in bitcoin long enough that you "should" realize that bitcoin no doesn't work like dat.

I suppose you forgot... but your ideas of stability seem to be a wee bit "pie in the sky"-ish and "negative" - if both things might be possible at the same time?

Historically, however, any price resistance far below a round number has never been a psychological barrier, so 24K shouldn't be a problem.

True.  We should not be attempting to read too much into round numbers, even if they might contribute towards talking points and even if the BTC price might seem to revolve around them for a while, in bitcoinlandia, round numbers seem to largely have had a lot less significant than peeps make them out to have.

[Lainta]

World's biggest podcaster Joe Rogan: "A centralized digital currency connected to a social credit score system is absolutely fucking terrifying"

CBDCs are slavery, #Bitcoin    is freedom

https://twitter.com/BitcoinMagazine/status/1621528107105800195?t=M0IdcxynSCcLNyqZukmm-w&s=19

[HI-TEC99]

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

[Hamza2424]

Perception, Prediction or You can say the point of view matters a lot.
For example Half Glass of Water there are two ways of considering which represents both positive and negative attitudes both, as in one direction this is half filled glass of water. Secondly, This is a Half-empty glass of water. The point is the same attitude is different.

Many Bitcoiners believes in 1BtC = $1M and they call it to store of value many disagree that yes BTC is a store of value but $1M is daydreaming.

Then dear check this out which attitude works for you... One of them is 100% convenient.