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

[HI-TEC99]

[ChartBuddy]

Explanation

[BitcoinBunny]

[macson]

Valentine's Day.... keep your BTC stay safe everyone, scammers are everywhere.

[ChartBuddy]

Explanation

[Popkon6]

I have never really liked the 2x per year claims because it just does not seem accurate or even representative in regards to how the portfolios of many longer term bitcoiners seems to play out... and we also know that it is much easier to 2x a small number as compared to a larger number... ..

I do not think it is easier or harder to x2 if the price doubles then you are going to get a 2x return if you have a $1 or $1000 invested but I think that there is more pressure the more money you have invested especially when you have invested a large % of your net worth. I think there is a risk to this because a lot of people cannot stop themselves from taking money out when they see a profit so they might see a x0.3 increase and take it out even if their target was x2 because that pressure and fear of missing the top is real. I think that is the only thing that makes it harder is the pressure but some people can turn that off.

Yes, but I think that I am disliking 2x per year because it is seemingly overly optimistic, so from my point of view it is not a very accurate depiction of reality, even though we can find examples of some folks who invested in bitcoin in early days and perhaps their average cost per BTC is quite low, and each year if we double the price, their returns or "on track"..

...  If I would have gotten into bitcoin at $100 in mid 2013, then even 2x per year becomes difficult to sustain because it looks like this:

2014 $200
2015 $400
2016 $800
2017 $1,600
2018 $3,200
2019 $6,400
2020 $12,800
2021 $25,600
2022 $51,200
2023 $102,400

So those dumbass claims are wanting us to start back in 2010 (at below $1), 2011 (at $2) or 2012 (at below $10) to make the 2x per year to be sustainable up until now, but it is not likely going to be sustainable into the future, and also it is not fucking ridiculous even if it is true on paper for those people who got in at those earlier bitcoin hardly has a price prices.

2010: $0.26
2011: $2.80
2012: $13.76
2013: $786
2014: $373
2015: $389
2016: $712
2017: $8,753
2018: $4,132
2019: $7,326
2020: $20,676
2021: $69,020
2022: $15,554
2023: $ 21,841

Bitcoin history starts at 0.26 when counting from 2010.  The price of Bitcoin has often increased by 12x in 2011.  In 2013, the price of Bitcoin rose again, but in 2014 it fell in half again.  And lastly in 2021 the price of Bitcoin reached the highest price of 69.020 dollars which encouraged the investors a lot.  But by 2023 Bitcoin price had dumped 3x.

So I think 2x per year doesn't count.  Because investors will be disappointed because once invested he will think that he will get double the wealth.  So it is better to analyze the complete market without disappointing the investors.

[ChartBuddy]

Explanation

[_Hiloveua_]

Happy Valentine's Day



Beware!!!

Be careful sisters this Valentine's Day is the result of getting extra love.

still a beautiful day for WO on 14th February

Keep

your

mind

clear
....

will be so.

[AlcoHoDL]

[...]

We likely realize that if there are various CBDCs, in the beginning they might not have very many restrictions on them to make them seem cool and enticing; however, even normies don't seem to be that dumb.. even though sure, some of the folks are going to consider that CBDCs are part of the modern payment system, and surely there would be some ways to attempt to make them attractive, even though they have been saying some dumb things too in regards to the various ways that the CBDCs would be controllable.

So then some questions might be how are we already holding our value and do we have options, because if we already have BTC, then we likely will have more options, even though maybe we are going to be able to buy BTC with our CBDCs, but it is not guaranteed..

Maybe we presume that OLDer folks have already established their investment portfolio, and that might be part of the explanation why they are less flexible, but younger people are still building their investment portfolio and hoping to get to fuck you status at some time prior to their keeling over from old age.

So maybe instead of getting into details, we might presume that younger people can generate cashflow through labor, but then question how much that they are able to put into bitcoin ($100 per week?  Some other amount?)  and whether CBDCs are restricting their abilities to get into bitcoin versus "acceptable" investments.  Yes, it likely helps if you accumulate BTC prior to CBDCs coming, but it still seems that CBDCs are quite a ways off in the west - even though there are actual ongoing experiments with them.. and it seems that in Nigeria there are some current battles in regards to the current implementation efforts, so learning can go on from both ends.. from the ones who are trying to implement CBDCs and from the ones trying to figure out ways to resist CBDCs, or at least hedge against them by having some other options, such as bitcoin and perhaps some other hard asset options that might work... to the extent that we can figure out how to hold our value and how to retain aspects of our sovereignty to the extent to which our sovereignty is ongoingly threatened with various restrictions in our abilities to transfer value and/or communicate with one another.

I recently had to open a new bank account on a different bank, just to be able to send fiat to an exchange, because my old bank has blocked all wire transfers to most exchanges!

You can bet CBDCs will be fully controllable by banks, and payments deemed "questionable" (by whom?) could and surely would be blocked. In fact, I don't think CBDCs could ever be classified as 'cash', in the sense of being able to use them to pay someone without any intermediary and without having to disclose personal details of the parties involved.

They know who we are.
They know where we are.
They know who we talk to.
They know what we talk about.
They can hear and even see us.
CBDCs are just another tool in their monitoring machine.

No, I'm not a conspiracy theorist.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[BountyProgram]

Well Observer

[ChartBuddy]

Explanation

[dragonvslinux]

Still eyeing up a move to around $21K. Wouldn't be surprised to see back test of $22.8K local resistance before it plays out later in the week. This could then lead to a close back above $23K for a strong weekly close with bullish wick. With short-term death cross on 4hr, looks like a good opportunity to liquidate some more bears followed by trapping some bulls, then repeating the opposite at lower levels.



Either that or market is ready to break $25K in very near future. Reclaiming $23K levels would likely invalidate the $21K target, which would be an uber bullish scenario imo. Previous local volume support range is between $20.7K and $21.4K, meaning price re-tested only $34 into support before rebounding to the upside for continuation if it occurs. Just my two satoshis on short-term price action.

[Gachapin]

Still eyeing up a move to around $21K. Wouldn't be surprised to see back test of $22.8K local resistance before it plays out later in the week. This could then lead to a close back above $23K for a strong weekly close with bullish wick. With short-term death cross on 4hr, looks like a good opportunity to liquidate some more bears followed by trapping some bulls, then repeating the opposite at lower levels.



Either that or market is ready to break $25K in very near future. Reclaiming $23K levels would likely invalidate the $21K target, which would be an uber bullish scenario imo. Previous local volume support range is between $20.7K and $21.4K, meaning price re-tested only $34 into support before rebounding to the upside for continuation if it occurs. Just my two satoshis on short-term price action.

Thanks.
Every satoshi counts. But your two are especially welcome  

[HI-TEC99]

[ChartBuddy]

Explanation

[El duderino_]

https://twitter.com/naiivememe/status/1625448269202731009?s=46&t=pqRZfW2lkGlz5ZOIRmuwPQ

 

[OgNasty]

The market feels a lot like the correction we saw might be over already. Another sign that the market is much stronger than it appears. Those who were waiting for new lows to get in have missed the boat and it looks like the big buyers aren’t slowing down at all. I think $30K in the next sixty days is a definite possibility and in my opinion more likely than falling to $15K.