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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[2Pizza410000BTC]

"I'm not concerned about the Fitch downgrade", says Jim Cramer
https://www.youtube.com/watch?v=Xth_cjJ3uuo

Oh, boy.

Cramer's not alone
https://finance.yahoo.com/news/warren-buffett-says-not-worried-102906173.html (Reuters)

[ChartBuddy]

Explanation
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[wavessurfing]

Is this news correct or not?

Elon Musk and his platform X to launch their own stock trading and BitcoinBTCCrypto trading  platform.


Source

what is this account: @bitcoinlfgo ?

[ChartBuddy]

Explanation
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[SamReomo]

Is this news correct or not?

Elon Musk and his platform X to launch their own stock trading and BitcoinBTCCrypto trading  platform.


Source

If that news is true then I'm more than sure that Binance will be in trouble. Elon Musk will try his best to offer higher advantages than his competitors and as a result other exchanges may face some challenging situations. However, I'm quite sure that for doing that Elon Has to come up with a very successful plan.

[Xinarae*]

#Bitcoin



Source.

[SamReomo]

Finally, the real hacker behind 2016's Bitfinex attack was confirmed. The hacker was form New York city and he hacked almost $4.5 Billion worth of cryptocurrencies by hacking the famous platform Bitfinex in 2016. The New York city guy finally admitted in court that he was the real hacker behind the 2016's Bitfinex hacking attack. Ilya “Dutch” Lichtenstein is the real hacker behind that hack and he is going to face the maximum sentence of 20 years for doing such act of conspiracy.



Source

[ChartBuddy]

Explanation
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[Out of mind]

bitcoinBTC Will reach of trillions.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[fillippone]

Will you vote for Joe Biden now? #bitcoin.

Source.

No.
F.ck Joe Biden
F.ck every Politician
F.ck Micheal Saylor
F.ck Adam Back (wow, did I really write this?)

Bitcoin doesn't need heroes or leaders.
Bitcoin is intergenerational wealth thermodynamically secured by mathematics.

[bct_ail]

Will you vote for Joe Biden now? #bitcoin.

Source.

Would you love your mother-in-law just because she drinks from the cup you gave her to her brithday?

[ChartBuddy]

Explanation
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[HelliumZ]

Will you vote for Joe Biden now? #bitcoin.

Source.

No.
F.ck Joe Biden
F.ck every Politician
F.ck Micheal Saylor
F.ck Adam Back (wow, did I really write this?)

Bitcoin doesn't need heroes or leaders.
Bitcoin is intergenerational wealth thermodynamically secured by mathematics.

Bitcoin itself is free, making others freedom...
It does not depend on any politicians but all politicians will depend on Bitcoin.

#hodlbitcoin

[ChartBuddy]

Explanation
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[somac.]

My body is ready for up only season.


@rektcapital
Only 8 months left until the #BTC  Halving

After that, $BTC will most likely enjoy parabolic Post-Halving upside

In the meantime, there is scope for at least one or two deeper BTC corrections

We're slowly running out of Pre-Halving retracement opportunities
https://twitter.com/rektcapital/status/1687037871822147584

This is going the most monitored halving ever. A lot of money is expecting a bull run until 6 months after halving. I am not sure how can we have severe retracements, even if as usual mixed feelings here: opportunity to stack more sats, bitcoin just being bitcoin vs the joy of seeing hyperbitcoinisation a little bit closer.

I think we were robbed of a parabolic, blow off top in 2021. The macro financial, worldwide situation due to COVID and China banning bitcoin at such a pivotal moment in the bull run stopped us going to over $100,000 imo.

This time we have multiple probable Spot ETF approvals by big players. I hope I’m not being deluded when I say, I think $180,000 to $250,000 is likely in 2025 at some point.

Life changing money, brother.

I also think a big part of the lack of blow off top was all the scam exchanges, lending companies, and other fucktards selling off all the bitcoin of their clients to buy shitcoins instead.

These are certainly all valid reasons for the way the price developed after the last halving, though I wouldn't too quickly discount the fact that with every halving the amount of reductions is also 50% smaller, hence I believe (as others already said here) the effect of the halving we will see will be weaker with every new halving. I believe this will somewhat flatten the curve (pardon the pun) over time and therefor the following "winter"/bear season might also not be as cold as it was in the past, so to speak.

With the 1st halving the daily new BTC supply was reduced by 3600 coins
With the 2nd halving the daily new BTC supply was reduced by 1800 coins
With the 3rd halving the daily new BTC supply was reduced by 900 coins
The next halving will reduce the daily supply "only" by 450 coins (only 12.5% reduction of the first halvings reduction!)

Ofc I'd love to see the price to go the moon in the next bullrun and growing adaption and the much touted ETF thingies might offset the above described effect of weaker halvings to some degree.
We'll see, but I consider everything 6-figure ATH in the next two years as perfectly fine for my expectations. (Could perfectly live with a 300k ATH too, no problem there  )

Hard disagree here with you psycodad because when you look at the halving in USD terms it is substantial:



Assuming the price of the next halving is at 30k as in the table above, that is a decrease of 13.5 million USD value daily. That is big, and far bigger than in the past. The halving effect will continue to be a big deal IMO.

[psycodad]

My body is ready for up only season.


@rektcapital
Only 8 months left until the #BTC  Halving

After that, $BTC will most likely enjoy parabolic Post-Halving upside

In the meantime, there is scope for at least one or two deeper BTC corrections

We're slowly running out of Pre-Halving retracement opportunities
https://twitter.com/rektcapital/status/1687037871822147584

This is going the most monitored halving ever. A lot of money is expecting a bull run until 6 months after halving. I am not sure how can we have severe retracements, even if as usual mixed feelings here: opportunity to stack more sats, bitcoin just being bitcoin vs the joy of seeing hyperbitcoinisation a little bit closer.

I think we were robbed of a parabolic, blow off top in 2021. The macro financial, worldwide situation due to COVID and China banning bitcoin at such a pivotal moment in the bull run stopped us going to over $100,000 imo.

This time we have multiple probable Spot ETF approvals by big players. I hope I’m not being deluded when I say, I think $180,000 to $250,000 is likely in 2025 at some point.

Life changing money, brother.

I also think a big part of the lack of blow off top was all the scam exchanges, lending companies, and other fucktards selling off all the bitcoin of their clients to buy shitcoins instead.

These are certainly all valid reasons for the way the price developed after the last halving, though I wouldn't too quickly discount the fact that with every halving the amount of reductions is also 50% smaller, hence I believe (as others already said here) the effect of the halving we will see will be weaker with every new halving. I believe this will somewhat flatten the curve (pardon the pun) over time and therefor the following "winter"/bear season might also not be as cold as it was in the past, so to speak.

With the 1st halving the daily new BTC supply was reduced by 3600 coins
With the 2nd halving the daily new BTC supply was reduced by 1800 coins
With the 3rd halving the daily new BTC supply was reduced by 900 coins
The next halving will reduce the daily supply "only" by 450 coins (only 12.5% reduction of the first halvings reduction!)

Ofc I'd love to see the price to go the moon in the next bullrun and growing adaption and the much touted ETF thingies might offset the above described effect of weaker halvings to some degree.
We'll see, but I consider everything 6-figure ATH in the next two years as perfectly fine for my expectations. (Could perfectly live with a 300k ATH too, no problem there  )

Hard disagree here with you psycodad because when you look at the halving in USD terms it is substantial:



Assuming the price of the next halving is at 30k as in the table above, that is a decrease of 13.5 million USD value daily. That is big, and far bigger than in the past. The halving effect will continue to be a big deal IMO.

You certainly have a good point there too, but that also means it takes a fuckload more fiat to lift price by any given percentage (compared i.e. to when it was $12).

It's all hypothetical at this point, quite probable none of us got it right, but I am highly confident it will keep going up for ever Laura somac. 

And to reiterate that, I am highly bullish for next 2 years but I'd rather prefer to be positively surprised with my expectations than being disappointed (as in last cycle).