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

[jcojci]

The month of December is very interesting, they say that Octoberbree is the most bullish month of the year, is it true? The scenarios that are being presented can trigger a great impact on the price of BTC:

I guess October was changed to Uptober

I see that in some posts.

Well, let's hope December is a bullish start to the end of next year

But the question is, can Bitcoin price reach $30k?  

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Who is John Galt?]

Is the regulation good? Because I don't agree, BTC was made to not pay anything to governments, banks or something similar, because it is not fiat money, having BTC is to manage our money as we want, not to declare to governments or banks.

Regulation is inevitable. As long as the state exists, it will strive to take control of everything it can. In all other cases of regulation, is what the state regulates and what it collects taxes from done by the state? Obviously, in many cases this is not the case.

You are right that Satoshi has created a beautiful thing that does not depend on states or banks because it is decentralized. And the state has no control over the blockchain. But as soon as you spend your bitcoins on something, as soon as you exchange them for fiat money, you enter into a state-controlled space, and in this space the state regulates. Stay in Bitcoin and you can ignore the government for this part.

No, I would have to disagree. In some cases regulation is not good, nor is it inevitable. For example when it becomes completely redundant and serves as "Security Theater" (while being completely unenforceable). All that does is create more bureaucratic nonsense that we have to accept or face punishment.

I bolded two sections I liked and for the most part believe in even though they contradict each other a bit.

If these two statements contradict each other, it is just that a bit. Just because regulation is inevitable does not necessarily make it smart, good, or all-encompassing. I quite agree that the imitation of useful activities in terms of government regulation occurs more often than we would like. But inefficiency does not mean that the state will not try to take control of everything it can, it only means that it will not be able to control everything completely.

[Crypto_I.N]

TIL News / Politics mods here definitely don't like shitposting.

To Infinity and Beyond 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[yslyv]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

The month of December is very interesting, they say that Octoberbree is the most bullish month of the year, is it true? The scenarios that are being presented can trigger a great impact on the price of BTC

I have seen two strange Decembers:

19 December 2017 -> Bitcoin ATH 19000$

19 December 2018 -> Bitcoin 3700$

In December 2017, when Bitcoin was fully bullish there were predictions that Bitcoin is going to 100,000 in 2018. But in 2018 Bitcoin went down to its lowest in Decmeber.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

Q4 is here, halving getting close, likely spot ETF’s approved in the next 6 months. The pumpening is close [stifler.gif]



@thescalpingpro
Bitcoin Halving in Just 200 Days 😳

Ever wondered where Bitcoin was 200 days before in the previous halvings?

In 2016, BTC was -65% below its ATH.

In 2019, BTC was -60% below its ATH.

In 2023, BTC is currently -60% below its ATH.

So, even if it seems like Bitcoin's price isn't moving much, it's following a similar pattern to previous cycles.

https://x.com/thescalpingpro/status/1711288124066988300


@BitQua
Why do I believe that #Bitcoin  will reach $60K+ before the end of the year? It's due to the Green Channel, which began forming in 2017 and remains unbroken. Regardless of the path #BTC  takes, it should intersect with this dotted line. If the dotted line is touched in 2024, it should mark a new all-time high (70K+). However, we've never witnessed a new ATH without a retest of the previous peak. Combining these two arguments, we arrive at a potential $60K+ value by December 2023.

https://x.com/bitqua/status/1711312227389620503


@BoldBitcoin
October and November are the two most bullish months for #Bitcoin  historically.

https://x.com/boldbitcoin/status/1711441413143982291

[philipma1957]

One million per coin.
How many Buddy Blockers,

I actually understand that buddy is not yet self-aware, but I wonder if buddy is aware enough to have at least 7 digits available for such million per coin.

27907 to 28024

that is a very tight range buddy.

Yeah.. more or less floating around the 200-week average price.

Who would-a-thunk?  

And what does the 200-week moving average mean?


Anyone?


Anyone?



 

I'confused 200-week mean $200k, somehow that is connected to filled?

Oh my....

I am surely disinclined to give you the answer.. which is actually a pretty basic concept.. so I will just give you a hint.

Look at this chart:   https://www.lookintobitcoin.com/charts/200-week-moving-average-heatmap/

It shows the 200-week moving average, and so what do you see in the chart?

Another hint:  The stock to flow model uses the 200-week moving average too.. but the stock to flow model has some other data in their too in order to make some claims about bitcoin.

I believe that JJG write long posts because he have enough information to share with us and he might be a firm believer of sharing is caring thing.

I write long posts because I feel that I don't have enough time to write shorter posts.

That's a pretty bold statement man!

It's not even my statement.  I stole it from Mark Twain.


“I didn't have time to write a short letter, so I wrote a long one instead.” -Mark Twain Twain

and apparently many other people made similar kinds of statements.. so I am sure that I got it from one or more of them.
>>>>>
"This famous quote has been attributed to many people—-Mark Twain, Winston Churchill, even Bill Clinton, for starters. Once a clever phrase like this comes into the language, a lot of folks start using it, and their readers reasonably figure they made it up. But according to the website quoteinvestigator.com, the first to use it was the 17th century French mathematician and philosopher Blaise Pascal. "<<<<<<<<<<

https://www.quora.com/Who-wrote-the-quote-If-I-had-more-time-I-would-have-written-you-a-shorter-letter

I agree that someone like you can be very busy but still you give time to the forum which an amazing thing. We love your posts and once again I would say that they aren't only long but long with a lot of information. JJG, I'm sure if someone goes through all of your posts then that person can write an awesome book, especially related to economics and Bitcoin speculation.

Some people do like to do those kinds of things.. They focus on certain people and maybe they have some kind of a theme too.. and frequently they focus on more famous people, but you never know, the internet and these kinds of forums are not exactly long lasting in nature, and even in the past 10 years or so we have seen mainstream media become more and more reliant upon quoting sources from various internet forums.

by the way, I thought that you were going to write such book involving me, phillip and maybe you might find some others and do some comparison and contrasting.. ..   There still needs to be some kind of a need for an interesting hook.. so we are likely not interesting enough on our own.

Yeah can't speak for you JJG but I am an old fuddy duddy boring as wet paint drying.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Mihaylovic]

i feel bullish when chart is above daily ema 200 

[JimboToronto]

Happy Canadian Thanksgiving.

I am an old fuddy duddy boring as wet paint drying.

Nonsense. You're just a kid in your sixties.

[OgNasty]

Somewhat interesting that Bitcoin didn’t move much today even with the stock market seeing a rally on war news.

[xhomerx10]

...and

 Happy Columbus Day! to all of the Wall Observers in the USA (except for those in those in the cities of Akron, Austin,  Berkeley, Boise, Cincinnati, Denver, Los Angeles, Mankato, Philadelphia, Portland, San Francisco, Santa Fe, Seattle, Saint Paul, Phoenix, Tacoma et al or in the states of Hawaii, Alaska, Vermont, South Dakota, New Mexico, Maine, and the parts of California where it has been renamed to Indigenous Peoples' Day) in which case I would wish you a Happy Indigenous Peoples' Day!

and if you're in Akron, Happy Indigenous Peoples' Day  North American First People's Day/Columbus Day Italian-American Heritage and Culture Day!

 Whew!  I need a nap... too much turkey.

[xhomerx10]

Somewhat interesting that Bitcoin didn’t move much today even with the stock market seeing a rally on war news.

 Markets were closed here though I cant imagine we have that much influence on Bitcoin price.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinGuru101]

Bitcoin See Declines as Crypto Market Reacts to Ongoing War.