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

[ChartBuddy]

Explanation

[bitcoinPsycho]

https://finbold.com/uk-tax-authorities-to-be-granted-power-to-seize-bitcoin-held-on-exchanges/

[John Abraham]

It is true that Shitcoin will have no role but Bitcoin will reign. For example, banks are being destroyed, people are seeing shortages. But holding assets in Bitcoin is not a disadvantage but an improvement. So hold bitcoin life will be successful.

It might be true that bitcoin accumulators and holders will be more advantaged than those people who are not accumulating/holding bitcoin...  So in that sense, it seems good to start to think about getting off of zero and also figuring out a strategy in which you can accumulate bitcoin at your own pace.. but of course, there are no guarantees that you will be successful, either.

If he considers Bitcoin as an investment (As I do). He has to understand risk management and be aware of possible loss. You could gain or lose in investment. This is why it's an investment. If you plan to hold for a few years, go for it. You don't have to think about losing. Just don't sell if the price is lower than your buying price. You don't have to understand rocket science to accumulate BTC. DCA is the best method ever to accumulate your BTC. Buy more when the market is down. The most relaxing thing is, No one can print Bitcoin out of thin air (you know who does that^[government]). So, Your satoshi will be worth more and more over time.

https://finbold.com/uk-tax-authorities-to-be-granted-power-to-seize-bitcoin-held-on-exchanges/

I am unsure if Bitcoin is a legal tender in the UK. I assume No?
Ironically, I don't want to make Bitcoin a Legal tender, but I want the taxes from your Bitcoin. Moreover, I would seize your funds held on exchanges.  

Anyways, follow her, and you are good.

[ChartBuddy]

Explanation

[Who is John Galt?]

After 2030 Bitcoin will be accepted by almost all people.

With the rise of Bitcoin from 2009 to 2023, I can predict that Bitcoin will definitely dominate among the literate.
Good luck "Bitcoin "......

It depends what you mean by dominance. Large investors and entire countries are already actively using the opportunities of bitcoin, ordinary people are also choosing bitcoin widely. But the latest issue with the spamming of the mempool with Ordinals tokens shows that the expansion of the use of bitcoin in breadth is already facing big problems. With such fees, it is impossible for bitcoins to be distributed not only among all the inhabitants of the Earth, but even among any significant number of them. Yes, the number of satoshis is large, but in order to use them even with a high bitcoin rate, the price of an individual transaction must be small in these same satoshis. And LN will not solve the problem completely, because the commission in the main network still remains relevant.

[philipma1957]

https://finbold.com/uk-tax-authorities-to-be-granted-power-to-seize-bitcoin-held-on-exchanges/

Well UK caught up to the USA

[xhomerx10]

Come on bitcoin, that's enough fooling around!  Don't make me get JJG to slap you.

According to various sources, it supposed to be a mating behavior, but I have seen in the ponds around here small turtles doing this in front of the much larger one's (even more difference in size vs your pic).
I was actually thinking that it is some kind of feeding request, 'cause a tiny male Turtle jr ain't going to impress a big "girl", me thinks, but stranger things happen.
 

 When I was a kid, I worked for this family who was expanding their chain of convenience stores.  We were a team of 3 guys and our supervisor was very good with us, he gave us a panel van to use so we could get to and from the sites every day and for the most part, left us to do our thing.  One day showed up and gabbed with us for a few minutes and during the conversation he said, "Well Homer, to get women you just have to ask.  I'm ugly though so nine times out of ten I get my face slapped, but that tenth time is magic."

 I'm thinking for those turtles it must be the other way around.

[BitcoinBunny]

What the interest rate rise means for your mortgage and savings: Bank of England ups base rate to 4.5% - here's how it will affect you
https://www.thisismoney.co.uk/money/mortgageshome/article-12068885/What-base-rate-rise-4-5-means-mortgage-savings.html

[Bitcoin_people]

A few days ago I placed an order to purchase 2 physical BTC coins online. Today I got these coins in my hand and I really like to see the bitcoins. This is the first time in my life I have seen physical bitcoins for which the love for bitcoins has blossomed from the heart. My long time wish was to see BTC coins in reality, today that long time wish has been fulfilled. I have deep hope and love for Bitcoin.

[BitcoinBunny]

A few days ago I placed an order to purchase 2 physical BTC coins online. Today I got these coins in my hand and I really like to see the bitcoins. This is the first time in my life I have seen physical bitcoins for which the love for bitcoins has blossomed from the heart. My long time wish was to see BTC coins in reality, today that long time wish has been fulfilled. I have deep hope and love for Bitcoin.

There is no such thing as physical BTC. Enjoy your toy coins.

[Negotiation]

#Bitcoin Rules.


Source.

BTCBitcoin is the king.

[ChartBuddy]

Explanation

[BitcoinBunny]

Looks like Jamie Demon will own another bank together with his master Satan soon.

PacWest tumbles after reporting 9.5% drop in deposits last week
https://www.ft.com/content/b29b5a7e-15e3-4f13-bb68-a91b7136fa21

[ChartBuddy]

Explanation

[JayJuanGee]

It is true that Shitcoin will have no role but Bitcoin will reign. For example, banks are being destroyed, people are seeing shortages. But holding assets in Bitcoin is not a disadvantage but an improvement. So hold bitcoin life will be successful.

It might be true that bitcoin accumulators and holders will be more advantaged than those people who are not accumulating/holding bitcoin...  So in that sense, it seems good to start to think about getting off of zero and also figuring out a strategy in which you can accumulate bitcoin at your own pace.. but of course, there are no guarantees that you will be successful, either.

If he considers Bitcoin as an investment (As I do). He has to understand risk management and be aware of possible loss. You could gain or lose in investment. This is why it's an investment. If you plan to hold for a few years, go for it. You don't have to think about losing. Just don't sell if the price is lower than your buying price. You don't have to understand rocket science to accumulate BTC. DCA is the best method ever to accumulate your BTC. Buy more when the market is down. The most relaxing thing is, No one can print Bitcoin out of thin air (you know who does that^[government]). So, Your satoshi will be worth more and more over time.

You are not saying anything wrong John Abraham - and you are actually are probably correct about all of these ideas being somewhat common-sensical and easy to accomplish, so long as persistence and consistency is followed - but in actual practice, they are way easier to say than to actually put into practice.

Perhaps one of the most frequent problems that people have is a kind of failure to invest that goes along with a kind of eagerness to either take out profits from time to time and/or failure to keep investing in order to be able to enjoy some of the benefits of compounding, which many of us likely realize that the compounding has exponential aspects that fold upon themselves, but still are likely to take more than just a few years to play out.. so compounding gets bigger and Bigger and BIGGER .. so the first few times that you might get a doubling of your investment portfolio (whether in nominal terms or in real terms) might feel good but then when such doubling comes down the road later, the amounts can become somewhat staggering, especially if you might have had several doublings stacked on top of each other.. and the mind becomes somewhat unable to recognize and appreciate how those amounts had ended up growing so much even though they might have had started out with ongoing small, persistent and consistent contributions that might not even have had been very noticeable while they were taking place in the earlier stages of the investment... so there are a lot of occasions that people will pull out way too much of their value from their investment(s) - whether BTC or otherwise - and pull out their principle too early and thereafter fail to experience the various doublings (or the exponential/compounding aspects of their investments)...  

so that is the problem with failing to invest enough..

and another angle is investing too much and getting too far over one's skiis.. and so over investing has to do with poor cashflow management (and sure sometimes bad psychology too), and if there are not enough preparations for safeguarding various times that cashflows can become short, and then there are times that these people are forced to have  to cash out of some or all of their investment at a time that is not of their own choosing because they failed to adequately account for cashflow shortages down the road that might come from investing in bitcoin today... so then maybe the cashflow shortage ends up coming in 6 months because there was a failure to keep an adequate cash (liquidity) cushion or to keep some cash in locations that could be drawn upon during those later down the road cashflow shortage periods that are quite likely to come, and some aspects of the cash shortages might be foreseeable and some aspects might not be foreseeable.

So, even though I agree that the principles of getting richie are easy peasy... but the actual ongoing, persistent and consistent putting them to into practice and tailoring them to individual circumstances is not as easy as you seem to be suggesting them to be.... even guys (and gals) who have been attempting to employ well-balanced practices for years can get themselves into pickle situations - and sometimes these same experienced folks miscalculate the employment of sound strategies may well have to do with figuring out position size rather than all or nothing kind of thinking... especially when it comes to something like bitcoin that some folks might give a thumbs up or a thumbs down, and perhaps there might be some kind of need to still invest at least 1% even with a thumbs down view of bitcoin, and even with a thumbs up viewpoint there still might be a need to make sure not to invest more than 25% into bitcoin, and I am not even going to claim to know what any individual's position size should be, even if my feelings are somewhat strong about getting off zero  and even if I am o.k. with starting out by telling a newbie to consider between 1% to 25% to be a prudent/reasonable starting point for their BTC investment, and in the end they are responsible for figuring within that range where their situation might dictate that they should be allocating and how they are going to manage building their position over time, how long it will take to build their initial position and then try to employ  maintenance once they have accumulated and reached their target levels - and of course, trying to keep learning along the way, too...

Many of us should be way more informed about what to do and how to do it after we have been doing it for 4-10 years, than someone who is just starting out, so then if we have been investing for 4-10 years or longer, then our accumulated position might contribute to our needing to revise our approach based on our having more assets (hopefully including a decent portion of BTC) to help inform us better how to continue to go forward from there, whether it is continuing to accumulate BTC or going more into a maintenance mode, rather than an accumulation mode... and even reallocation decisions might become more relevant for a 4-10 year (or more) veteran as compared to the beginner who might not have anything to reallocate because s/he has not built hardly anything materially meaningful yet... getting up to 1 year or more living expenses (or cashflow) into your investment portfolio starts to become significant/meaningful as compared to the beginner who might contemplate whether to invest 10% to 25% from one pay check that is hardly shit in terms of portfolio building... because 10% to 25% of one paycheck might only constitute somewhere in the ballpark of 1/100th to 1/500th of the annual cashflow... so even by itself, the one investment might seem like a large amount, but it is not really adding up to a significant/meaningful amount of money until it gets to a sizable amount in terms of what that specific person's annual cashflow situation is currently expected to be and then also accounting for what such cashflow expectations might be in the future as well.. There are quite a few places in which normies can end up making mistakes in these various calculations regarding what to do and how BIG of a position size might be reasonable in order to attempt to go in the right direction in terms of accomplishing their goals, whether that is merely to improve their living circumstances, get to fuck-you status or some variation of those kinds of considerations that might merely be to maintain their current living status but not having to work (which is actually an improvement.. hahahahaha.. keep the same living standard, but not having to work.. doesn't that sound good.. and easy peasy to accomplish?)..

[ChartBuddy]

Explanation

[LucyFurr]

A few days ago I placed an order to purchase 2 physical BTC coins online. Today I got these coins in my hand and I really like to see the bitcoins. This is the first time in my life I have seen physical bitcoins for which the love for bitcoins has blossomed from the heart. My long time wish was to see BTC coins in reality, today that long time wish has been fulfilled. I have deep hope and love for Bitcoin.

"With a color printer, one can easily print their own paper Bitcoins, making it more convenient and cost-effective than purchasing physical coins. Unless you intend to view it as a collectible, printing your own paper BTC is a practical alternative."

[Gachapin]

A few days ago I placed an order to purchase 2 physical BTC coins online. Today I got these coins in my hand and I really like to see the bitcoins. This is the first time in my life I have seen physical bitcoins for which the love for bitcoins has blossomed from the heart. My long time wish was to see BTC coins in reality, today that long time wish has been fulfilled. I have deep hope and love for Bitcoin.

for the money you should have bought "non-physical" BTC instead...  
 
just my 2sats

[ChartBuddy]

Explanation

[JayJuanGee]

After 2030 Bitcoin will be accepted by almost all people.

With the rise of Bitcoin from 2009 to 2023, I can predict that Bitcoin will definitely dominate among the literate.
Good luck "Bitcoin "......

It depends what you mean by dominance. Large investors and entire countries are already actively using the opportunities of bitcoin, ordinary people are also choosing bitcoin widely. But the latest issue with the spamming of the mempool with Ordinals tokens shows that the expansion of the use of bitcoin in breadth is already facing big problems. With such fees, it is impossible for bitcoins to be distributed not only among all the inhabitants of the Earth, but even among any significant number of them. Yes, the number of satoshis is large, but in order to use them even with a high bitcoin rate, the price of an individual transaction must be small in these same satoshis. And LN will not solve the problem completely, because the commission in the main network still remains relevant.

Based on short term data and speculation you seem to be presuming problems that do not really exist in reality or any kind of sustainable/meaningful way Who is John Galt?..

The mere fact that bitcoin is being used more while including some kinds of transactions that some people do not consider to be valuable (I doubt that they are spam, as you are suggesting, especially since high fees are being paid to conduct these various transactions that some people deem as "not valuable") and fees are going up and the onchain is clogged does not mean that bitcoin on chain (or even other layers) is currently broken or that various already existing incentive mechanisms are not going to end up working themselves out to ongoingly improve bitcoin's functionality and ability to absorb high transition traffic periods... including potentially building, expanding and improving various second layers, whether lightning network or otherwise.

A few days ago I placed an order to purchase 2 physical BTC coins online. Today I got these coins in my hand and I really like to see the bitcoins. This is the first time in my life I have seen physical bitcoins for which the love for bitcoins has blossomed from the heart. My long time wish was to see BTC coins in reality, today that long time wish has been fulfilled. I have deep hope and love for Bitcoin.

There is no such thing as physical BTC. Enjoy your toy coins.

Hahahahahaha

I was thinking to write a similar kind of a response.

Goes to show, perhaps, how difficult it can be for people (normies or whoever) to wrap their lil heads around ideas of non-tangibility - and many times articles about bitcoin will show physical coins, and sure nothing wrong with a visual to the extent that it does not mislead the viewer into actually believing the thing in the photo is anything beyond an attempt at a comparison rather than representing the thing itself.

On a kind of sidenote (afterthought): I would not even put myself into any kind of superhuman category in terms of my own abilities to figure out various non-tangibles, how to deal with them, how to put value on them, and how to secure such things.  The longer that any of us are in bitcoin  (or is it just me?) the more we might realize that we don't know how to say, how to describe or even how to think about certain kinds of subjects that have various unknown components.  

It's like one my relatives contacting me and asking me to help with a hardware wallet, and then I am thinking about from where to start with such a "recommendation".. and at the same time, my knowledge is somewhat limited to the hardware wallets that I have used (and perhaps some of the other ways that I have learned how to store my BTC.. even though far from complete.. each time I learn some new methods to store or even transact in bitcoin, it can take me a while to learn (or add on) some new system) even though I kind of know about some other hardware wallets that I do not necessarily use, and even the hardware wallets, software wallets, lightning network versus bitcoin on chain and even how shitcoins might be integrated into some of the wallet products is not easy to conceptualize or even to explain to someone else about risks and/or potential risks, when I don't even necessarily know how to weigh the various options and/or the tradeoffs between the various wallet product options - including sometimes vendor risks.. or open source software risks (known vulnerabilities).

....and how to possibly figure out which tradeoffs might be better practices for me as compared to what I might suggest to someone else who also might have limited time to research into the topic... and is the standard built around one wallet more common/easy than another wallet?  

just buy physical bitcoin, no?

or jimbo likes to use paperwallets, and those paper wallets have tradeoffs too, even if some of us have our own things that we have gotten used to, including that people who are already holding physical gold are more comfortable to buy more gold because they know some of the systems in which they might try to trade locally or what to do when Armageddon comes, even if bitcoin continues to eat gold's lunch - even though gold has been performing relatively well recently.