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

[Lucius]

Fine dining and wines, exotic travel, the most divine courtesans and narcotics in the world, fast cars and fast women, properties all over the place.

You know, the stuff we deserve as 10+ year HODLERS.
(I’m kidding with some of the above, you can try and figure out which though ).

Really hope there’s a bottom here somewhere soon. Quite frustrating that every time we seem to try and break past $70,000 we get some TradFi, government selling of old coins, bankruptcy coins selling or WW3 FUD.

A smart guy told me yesterday that getting all of this negative stuff out of the way in 2024, kind of leaves us a free run for real price discovery and parabola in 2025.

Hopefully $60,000 holds and we stop getting dumped on very soon. To the moon, as they say.

10 years is a lot, but on the other hand, it is also a little - it depends from which perspective you look at it. If you invested in BTC when it was worth a few hundred $, then even today you are a relatively rich person (depends on where you live and what you want).

Maybe this kind of market seems a bit frustrating, but I think it's better if everything "bad" happens now, even though the presidential elections in the US may have a greater impact on the price of BTC than everything that has been happening in recent months. Unfortunately, too much focus was placed on only one country, only one man and a few powerful companies.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Alphakilo]

Irrespective of what market conditions we are in, I'll buy bitcoin every month.

[tiCeR]

LoL! This self-proclaimed super guru messed up completely and said BTC was dead in April 2023 when it was quite low, I think around 25k.
Isn't this some great irony? Dude and a co-founder collected $257 million from unregistered offers and sales of the platform’s token, BTCLT.

Nice try with his shit coin. What a shame for a billionaire to go down that route.

[modrobert]

It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.

Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.

--- EDIT: Not related to Trump below. ---

Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.

Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.

Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.

Do you know how many companies Trump bankrupted? I think it is 6 Corporate Bankruptcies

https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019


He uses bankruptcy as a technique to weasel out of debts.


Do you know how much debt the US government has  35.06 trillion

https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/


Do know which president did the most national debt in 1 term  Trump has the lead over Biden since Biden still has a few months left Biden could pass him.

All that spells to me is Trump will manipulate bitcoin to fuck with the national debt.

Why not fuck with a 1.2 trillion asset to fix a 35 trillion debt?


To me it means boom or bust for btc. Ie 1 million a coin or under 10k a coin. I have place a lot of time into BTC not sure If I like Trump plans for BTC.

Last term he did the China Tarriffs which cost my mining over 35,000 in tariffs . he did the end of like kind crypto trading which means I have 200-300 page tax returns.

[modrobert]

It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.

Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.

Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.

Do you know how many companies Trump bankrupted? I think it is 6 Corporate Bankruptcies

https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019


He uses bankruptcy as a technique to weasel out of debts.


Do you know how much debt the US government has  35.06 trillion

https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/


Do know which president did the most national debt in 1 term  Trump has the lead over Biden since Biden still has a few months left Biden could pass him.

All that spells to me is Trump will manipulate bitcoin to fuck with the national debt.

Why not fuck with a 1.2 trillion asset to fix a 35 trillion debt?


To me it means boom or bust for btc. Ie 1 million a coin or under 10k a coin. I have place a lot of time into BTC not sure If I like Trump plans for BTC.

Last term he did the China Tarriffs which cost my mining over 35,000 in tariffs . he did the end of like kind crypto trading which means I have 200-300 page tax returns.

Noted, what do you think of the "Overall" part which was not related to Trump, but more of a global solution to inflation?

[xhomerx10]

Coming back from vacation earlier in the week, I passed this vehicle and got my youngest to snap a pic. (that part was relatively painless but getting it sent to me was a little more difficult)
It's a sign. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Please go up Bitcoin.

Some of us have hopes and dreams of extreme opulence.

I’m going to need you to start providing me with plentiful green candles.  

For the benefit of a friend, I would like to hear more about the "extreme opulence" ideas.. Does it involve grapes? and/or whipping cream?

A smart guy told me yesterday

Did we spoke yesterday?

[vapourminer]

Please go up Bitcoin.

Some of us have hopes and dreams of extreme opulence.

I’m going to need you to start providing me with plentiful green candles. 

For the benefit of a friend, I would like to hear more about the "extreme opulence" ideas.. Does it involve grapes? and/or whipping cream?

Fine dining and wines, exotic travel, the most divine courtesans and narcotics in the world, fast cars and fast women, properties all over the place.

You know, the stuff we deserve as 10+ year HODLERS.

i can see why el duderino has this guy on ignore.. hes just not in the same league

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

Please go up Bitcoin.

Some of us have hopes and dreams of extreme opulence.

I’m going to need you to start providing me with plentiful green candles. 

For the benefit of a friend, I would like to hear more about the "extreme opulence" ideas.. Does it involve grapes? and/or whipping cream?

Fine dining and wines, exotic travel, the most divine courtesans and narcotics in the world, fast cars and fast women, properties all over the place.

You know, the stuff we deserve as 10+ year HODLERS.

i can see why el duderino has this guy on ignore.. hes just not in the same league

That is subjective to each person. Some people think having more money = higher probability of a better life. But there are some who think that people with a lot of money are not actually 'rich', rather they are just obsessed collectors of things.

[philipma1957]

It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.

Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.

--- EDIT: Not related to Trump below. ---

Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.

To inflation has a very simple  cause. Human demand keeps growing and all the worlds assets don’t grow.

IE. I was 7 in 1964 there were  2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.

in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.


this is the driving force of inflation demand grows like mad and resources are constant.

yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth

ie
earth real working space travel could mean more resources.
a dead solid really good pandemic could shrink the population to say 4 billion

those are direct fixes as one lowers demand one raises supply.

Bitcoin or any crypto is a patch not a fix.

oh another great fix would be only oral sex for five years in a row. worldwide which would lower demand.

also it would prove humans actually are more then simple animals.


all my fixes will  likely not happen.
the fed will likely crash the economy
trump will likely win if the economy crashes.
trump will likely muddle around for four years.
the dollar will likely suffer.
btc may be the best hedge.


I have four investments

real estate
a bond based 401k
btc
silver.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[modrobert]

oh another great fix would be only oral sex for five years in a row. worldwide which would lower demand.

Good one.

btc may be the best hedge.

Agreed. CCMF.

[BitcoinBunny]

It is kind of funny how so many bitcoiners worship that dweeb as some kind of a god (and even frequently reinterpret benevolent or well-intentioned or even 5-D chess meanings into his statements), but on the regular he either says a lot of pretty dumb shit or he is so obviously over-the-top when it comes to his narcissism.

Still, after watching Trump's talk at the Bitcoin Conference 2024, even if only a fraction of what he promised would come to pass I think it would be great for Bitcoin, and as a foreigner and holder that means more to me than other issues. Worst case, all of the promises he made are neglected or outvoted, even the fact that he just showed up at the Bitcoin Conference meant something.

--- EDIT: Not related to Trump below. ---

Overall, as inflation increases (with the threat of hyperinflation looming) in current fractional reserve banking system, considering the volume of debt and interest involved for many countries, holding Bitcoin might be the only solution for governments to slow down inflation where BTC has the potential to outperform the interest from debt. I don't know exactly how that Bitcoin financial construct would look like in the end, but either way it's the most bullish proposition I can think of at the moment, guaranteed CCMF to the moon! Think "Fort Knox" with Bitcoin.

To inflation has a very simple  cause. Human demand keeps growing and all the worlds assets don’t grow.

IE. I was 7 in 1964 there were  2.5 billion people. an equal devision of peopl to earth 🌎 gave each person
1 acre of fresh water 12 acres of land and 36 acres of ocean.

in 2024 there are 8.1 billion people giving under ⅓ acres of fresh water under 4 acres of land and under 12 acres of ocean.


this is the driving force of inflation demand grows like mad and resources are constant.

yeah tech (bitcoin ,computers ) can help use the fixed resources better. but they are not making more earth

That doesn't make sense to me.
If demand grows and supplies are constant we should only have deflation, such as the price for a BTC going up massively.

THUS in theory that deflation should be making any currency more valuable.

So if your parents bought a house for $10,000. Now it should be $1,000 right?
IF there were no other forces in play.

Inflation (= money printing) seems to exist exactly to try to ebb all of that
(and it's probably a scam in many ways - but let's not dwell on that now).
However in many cases that does not work and the balance seems to be impossible to get right.

Either governments inflate too much or too little.

And even if the balance appears to be right  (the magical 2% inflation rate you always hear) in many areas other financial, societal and physical instruments
have been invented to make prices go even more crazy for some sectors:

• Red tape with regards to what you could do yesterday but not tomorrow => Now you need a $50,000 dollar EV as an ICE car is not allowed here
• Women can now all work and earn near the same as men so couples can both pay for a mortgage -> Massive increase in house prices
• Cheap debt, you can now get a mortgage 7 times the value of your salary where it used to be 3.
• More access to credit cards and short term loans.
• Mass immigration into certain areas due to the world becoming better connected and everyone seeing the grass is probably greener over there
• Wealthy companies have gained more access to instruments to keep their growth ballooning (have your Iphones made in China), massively
  increasing the difference between super rich and the average Chinese Iphone assembly worker.
• Petro Dollar has made US very rich per capita but it has had negative effects elsewhere, but the strength of this seems to be reducing
• Much of the technology invented over the last 100 years have meant many changes that have led to inflation:
  ease of access of travelling and thus moving between distant countries etc.

That's my take on it any way.

Sure, I agree with some of your assertions that much demand makes prices go boom but I just think there is more to it than just that
(hence my long winded explanation).

We are seeing much of the first world now not actually having enough children to sustain GDP growth (see Japan especially),
so immigration and inflation seem to have been encouraged to try to fix that.

But these are certainly causing other problems that no one thought about much I think.

Personally I reckon there are probably more than enough resources to sustain 15-20 billion people on the planet.
But them all wanting (and allowing them) to live in the same areas is just foolish.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com