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

[Popkon6]

On this recent tweet I see that Porsche Carrera Cup racing has taken part in Salvador. And there mentions Bitcoin acceptance. The great thing is that this racing action will be shown live on the channels and the message of Bitcoin will reach billions of viewers. The country of Salvador has gained wide recognition after adopting Bitcoin and spreading the message of Bitcoin to everyone. I really like the subject.

[hisslyness]

Yesterday, I updated my projection of entry-level fuck you status chart based on some of the recent great declines in BTC prices that we have seen (mostly over the last year-ish), and I also tried to cause the rate of increase of the BTC bottom price to become more gradual with the passage of time.

So for example, my chart shows a BTC bottom price of:

$39,257 by mid-2024

$144,982 by mid-2028

$370,105 by mid-2032

$640,052 by mid-2035

$1,013,573 by mid-2038

$1,960,433 by late 2043

and

$5,639,679 by mid-2056

Sure, I am not really sure how realistic these projected BTC bottom price numbers are, but I think that they are a bit better than my earlier version that I had created on December 28, 2021 - and that did not have any graduation of the projection curve, and instead my earlier version was more of a straight-line appreciation of the BTC bottom price that was right around 75% per year.. which even at the time that I created it I had considered to be difficult to sustain.  My current chart shows projected BTC price bottom snapshots every 6 months.

Also, I think that one of my underlying presumptions is meant to be based on projecting forward based on the value of today's dollars.. but still I understand that sometimes it can be difficult to project so far into the future, especially when there is an expectation that the dollar is going to continue to lose value and maybe even to lose value more than it has historically debased - especially if we account for many of the seemingly crazy monetary policies in recent times.

Alot of information to take in, but i what i take out of this is:

Your current FU status of 95BTC

11/30/22         $17,164               $20,903.99                  24.59%           95.00%         $5,139.90                 95.67552464

isn't something you should be aiming for, but rather 4BTC

5/31/33                                       $449,033.53                  9.69%           97.00%         $43,528.37                 4.45401035
11/29/33                                       $492,561.90                  9.40%           97.00%         $46,315.48                 4.06040335

is more of a realistic target, here and now!

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ivomm]

More Gary clown's grilling video:

CAUGHT RED HANDED: SEC Chair Gary Gensler blamed crypto for Signature Bank's failure during his congressional testimony.

Today, NY Department of Financial Services Superintendent Adrienne Harris refuted that in front of the same committee:

"It is not the case that the failure of Signature was related to crypto"

https://twitter.com/i/status/1648799936195055617

[ChartBuddy]

Explanation

[BitcoinBunny]

Britons who keep gardens green should get council tax cut, study suggests
https://uk.yahoo.com/style/britons-keep-gardens-green-council-060037308.html


This is very interesting considering my council tax just increased by 6% and I suddenly also have to pay yearly to get my garden waste collected. I can foresee many people not bothering and private gardens rotting away or just getting paved over.

Thus in reality the opposite is going to happen from what should happen like everything local and national governments touch.

[ChartBuddy]

Explanation

[Gachapin]

I don't  buy the whole anti-Gensler sentiment...
He certainly knows his stuff.  His MIT lectures "Blockchain and money" are among the best on the topic out there.

MIT 15.S12 Blockchain and Money, Fall 2018 MIT OpenCourseWare
https://www.youtube.com/watch?v=EH6vE97qIP4&list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn


I tend to think Gensler is good for Bitcoin and bad for shitcoins...

There is a quite reasonable explanation why he wasn't answering the mEth questions in the hearing straightly.
That is, his agency is probably building a case against mEth.

SEC Coming For Your Crypto (Ethereum)
https://www.youtube.com/watch?v=ldcRstRjMqQ

[bitcoinPsycho]

Britons who keep gardens green should get council tax cut, study suggests
https://uk.yahoo.com/style/britons-keep-gardens-green-council-060037308.html


This is very interesting considering my council tax just increased by 6% and I suddenly also have to pay yearly to get my garden waste collected. I can foresee many people not bothering and private gardens rotting away or just getting paved over.

Thus in reality the opposite is going to happen from what should happen like everything local and national governments touch.

I just burn most of my recyclable and garden rubbish anyway they only pick up fortnightly if I remember to put the bins out

[ChartBuddy]

Explanation

[ImThour]

Didn't knew 1337 is called leet on our forum 

[macson]

Didn't knew 1337 is called leet on our forum 

"leet". In leet speak, it's slang for "elite," as in "extremely skilled" (generally but not always with the implication of being extremely skilled at hacking or computer programming). Someone might be described as being a "1337 h4x0r," by way of one example.

[1] https://www.quora.com/What-does-1337-mean

congratulations on reaching "elite"

[ChartBuddy]

Explanation

[Mr.corol]

source

[fillippone]

Another bitcoin Epoch, another hashpower ATH, another difficulty ATH.

Bitcoin mining difficulty increased by 1.71% to 48.71T, a record high.

Difficulty went vertical lately, and is continuously raising.



The only ATH I care about.
Until we hit 170,000 USD, of course, because of… reasons.

[hisslyness]

Didn't knew 1337 is called leet on our forum 

"leet". In leet speak, it's slang for "elite," as in "extremely skilled" (generally but not always with the implication of being extremely skilled at hacking or computer programming). Someone might be described as being a "1337 h4x0r," by way of one example.

[1] https://www.quora.com/What-does-1337-mean

congratulations on reaching "elite"

this is old skool!.. if you know, you know!...

[somac.]

Another bitcoin Epoch, another hashpower ATH, another difficulty ATH.

Bitcoin mining difficulty increased by 1.71% to 48.71T, a record high.

Difficulty went vertical lately, and is continuously raising.



The only ATH I care about.
Until we hit 170,000 USD, of course, because of… reasons.

Went to take a bit of a look at the hashrate on mempool.space after reading your post since it's been a while. And before I get to checking out some of the charts the first thing I notice is that the mempool is only 5 blocks deep.

Does anyone know what happened to all those ordinals blocks or whatever those things were called?

The fad died off just like the FUD around it?

[philipma1957]

the testing was done so the action slowed down.

btc blocks at 6.25 have had stretches of fees at 1-2 btc a block.

Most of those high fee time periods were testing ways to manipulate the fee structure 8n such a way that a pool can turn a bigger profit by making fees get too high.

[Toxic2040]

happy 420 gentlebeings!

Starship launch attempt #2       t-minus 30m
https://www.youtube.com/watch?v=-1wcilQ58hI