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Question: How far will this leg take us?
$110K - 6 (7.2%)
$120K - 14 (16.9%)
$130K - 11 (13.3%)
$140K - 9 (10.8%)
$150K - 14 (16.9%)
$160K - 1 (1.2%)
$170K+ - 28 (33.7%)
Total Voters: 83

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26793023 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
ChartBuddy
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February 20, 2025, 02:01:18 AM


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February 20, 2025, 02:39:57 AM

The current price of bitcoin is a sign of what may be about to happen in a positive way.

I think we are in a moment of a Positive and much-needed Correction, as in every market. I came across this article that Talks About something like what I think, but only in this Extract:

Quote
Conversely, a decline below critical support might lead to a healthy correction before the market regains upward momentum. While the bull cycle appears intact, the coming days may determine whether Bitcoin’s current rally has enough fuel to continue, or if a pause is on the horizon.



Original Source:https://www.newsbtc.com/bitcoin-news/bitcoin-make-or-break-moment-whats-holding-back-the-next-big-rally/

This is What is on my mind, everyone is waiting for the $100k Mark and beyond, but you have to be Patient , it will come at $120k, but in due time.


And this vision is very good, some do not see it this way, but this guarantees or is a guarantee that very good things can happen soon:

Quote
This chart here shows the percent drawdown from all time highs in red, and the year-over-year change in the Bitcoin price in green. You can see the massive moves up and down in 2017 & 2021.

But since early 2024, you see this new regime of steady growth in the Bitcoin price, denoted by this green area down here, with only mild drops from the high as denoted by the red up top.

The price growth is less explosive, but the drawdowns are nothing in comparison to past bear markets.



X: https://x.com/BlockwareTeam/status/1892237428397670504

I just hope for the best.
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February 20, 2025, 02:45:30 AM

The current price of bitcoin is a sign of what may be about to happen in a positive way.

I think we are in a moment of a Positive and much-needed Correction, as in every market. I came across this article that Talks About something like what I think, but only in this Extract:

Quote
Conversely, a decline below critical support might lead to a healthy correction before the market regains upward momentum. While the bull cycle appears intact, the coming days may determine whether Bitcoin’s current rally has enough fuel to continue, or if a pause is on the horizon.



Original Source:https://www.newsbtc.com/bitcoin-news/bitcoin-make-or-break-moment-whats-holding-back-the-next-big-rally/

This is What is on my mind, everyone is waiting for the $100k Mark and beyond, but you have to be Patient , it will come at $120k, but in due time.


And this vision is very good, some do not see it this way, but this guarantees or is a guarantee that very good things can happen soon:

Quote
This chart here shows the percent drawdown from all time highs in red, and the year-over-year change in the Bitcoin price in green. You can see the massive moves up and down in 2017 & 2021.

But since early 2024, you see this new regime of steady growth in the Bitcoin price, denoted by this green area down here, with only mild drops from the high as denoted by the red up top.

The price growth is less explosive, but the drawdowns are nothing in comparison to past bear markets.



X: https://x.com/BlockwareTeam/status/1892237428397670504

I just hope for the best.

Sideways in the 90-110k slot is very good for mining. So I will take sideways for now and not worry too much about it.
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February 20, 2025, 03:01:18 AM


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February 20, 2025, 04:01:15 AM


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February 20, 2025, 04:28:20 AM
Merited by vapourminer (1), JayJuanGee (1), bitebits (1)

Got some reading for the holiday travels



Was gifted by a friend who is way into Tesla.. He doesn't own BTC but follows it as a market indicator, and is all for it, as well as DOGE and my beloved SHITCOIN.

Will post a review when I'm halfway done, and then all the way done; assuming I can get that far and it doesn't piss me off in some way. It's a beast, 300+ big pages.

As promised, here's my halfway review of Soft War by Jason Lowery (I'm actually closer to 3/5 of the way done, and this is more of a summary than a review):

As of page 200, the only time Lowery referenced Bitcoin so far was to basically remind the reader that the book is still about Bitcoin and that we should be patient until he ties it all together.

Basically, it appears the premise is an attempt to redefine the evolution of life & society in terms of Bitcoin and hash rate. The author starts all the way back to single-celled organisms, working his way up to pack animals, and then finally humans, who for thousands of years conducted successful societal operations along the lines of prioritizing the "feeding and breeding of power projectors."

Across all forms of life, "power projectors" display physical power through not only sheer physical size but display of weaponry; whether it be the antlers of a deer, the fangs of a wolf, or the sword of a human.

He then goes on to explain that modern society has necessitated the construct of "abstract power" in which we entrust high-ranking officials to utilize weaponry in a fashion that benefits the rest of society. Of course, there are innate problems with this -- for example, we are relying on 0.0001% of the population to make most of a society's decisions on our behalf, and if this tiny % is corruptible, a society can collapse rather quickly.

The author reiterates the same points over and over in different contexts, like he is trying to beat ideas into your head so they will make sense later when he ties his theories together with Bitcoin, which hasn't quite happened yet. But I think I'm getting close...



In all, an interesting book thus far and recommended reading for anyone who wants to hear a novel theory about the strategic importance of Bitcoin, or simply has too much time on their hands. Will probably do a post in Bitcoin Discussion about it when I'm done but will link it here.
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February 20, 2025, 05:43:13 AM
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OT: have you guys seen this:

https://www.businessinsider.com/satya-nadella-microsoft-new-majorana-chip-quantum-breakthrough-state-matter-2025-2

Quote
the company, in its press release, called "a clear path to fit a million qubits on a single chip that can fit in the palm of one's hand."

well, a path is not tomorrow, but it might come sooner than people were expecting...apparently, they conjured a new state of matter to boot.
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February 20, 2025, 08:08:37 AM

OT: have you guys seen this:

https://www.businessinsider.com/satya-nadella-microsoft-new-majorana-chip-quantum-breakthrough-state-matter-2025-2

Quote
the company, in its press release, called "a clear path to fit a million qubits on a single chip that can fit in the palm of one's hand."

well, a path is not tomorrow, but it might come sooner than people were expecting...apparently, they conjured a new state of matter to boot.

it's really time to prepare bitcoin for this quantum computing future and implement a quantum resistant cryptography algorithm. what are we waiting for? https://github.com/cryptoquick/bips/blob/e186b52cff5344c789bc5996de86697e62244323/bip-p2qrh.mediawiki
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February 20, 2025, 08:22:34 AM

OT: have you guys seen this:

https://www.businessinsider.com/satya-nadella-microsoft-new-majorana-chip-quantum-breakthrough-state-matter-2025-2

Quote
the company, in its press release, called "a clear path to fit a million qubits on a single chip that can fit in the palm of one's hand."

well, a path is not tomorrow, but it might come sooner than people were expecting...apparently, they conjured a new state of matter to boot.

it's really time to prepare bitcoin for this quantum computing future and implement a quantum resistant cryptography algorithm. what are we waiting for? https://github.com/cryptoquick/bips/blob/e186b52cff5344c789bc5996de86697e62244323/bip-p2qrh.mediawiki

I wonder too.

Probably only a very few users would oppose such an upgrade... so why not just do it and bring an end to that annoying quantum risk discussion...

At least there should be enough time to audit such a proposal so better start early imo
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February 20, 2025, 08:58:57 AM

OT: have you guys seen this:

https://www.businessinsider.com/satya-nadella-microsoft-new-majorana-chip-quantum-breakthrough-state-matter-2025-2

Quote
the company, in its press release, called "a clear path to fit a million qubits on a single chip that can fit in the palm of one's hand."

well, a path is not tomorrow, but it might come sooner than people were expecting...apparently, they conjured a new state of matter to boot.

it's really time to prepare bitcoin for this quantum computing future and implement a quantum resistant cryptography algorithm. what are we waiting for? https://github.com/cryptoquick/bips/blob/e186b52cff5344c789bc5996de86697e62244323/bip-p2qrh.mediawiki

My guess is that we'll use whatever the banks and military switch to. Many more trillions at risk.
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February 20, 2025, 09:01:17 AM


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February 20, 2025, 09:38:38 AM
Merited by vapourminer (1)

OT: have you guys seen this:

https://www.businessinsider.com/satya-nadella-microsoft-new-majorana-chip-quantum-breakthrough-state-matter-2025-2

Quote
the company, in its press release, called "a clear path to fit a million qubits on a single chip that can fit in the palm of one's hand."

well, a path is not tomorrow, but it might come sooner than people were expecting...apparently, they conjured a new state of matter to boot.

A good write up https://scottaaronson.blog/?p=8669

nothing to worry about IMO
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February 20, 2025, 12:11:32 PM

Seems we have entered the tumbleweed zone. Six CBs in a row. Conclusion: Volatility ahead.




I can feel it in my bones. Soon (tm).
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