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

[ChartBuddy]

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[SPIDERMAN008]

In this case, I consider you to be the whiner.

I can recall just a few short years ago, bitcoin was around 1/100th or perhaps 1/1,000 the size of gold, in terms of marketcap.

In recent times (perhaps the last year or so) bitcoin has been bouncing between 1/8th and 1/10th of gold's market cap.

Hardly, anything to worry about, even though folks like you are ongoingly whining that bitcoin is not performing well enough.

I also see no reason to proclaim some arbitrary goal (as decided by you) that bitcoin has to reachin any particular time in order to NOT continue to be the most sound money that man has ever known.

You might perceive that bitcoin is not growing fast enough, and personally, I have no such perception since there is no particular schedule that bitcoin has to meet as long as it continues to serve as the most sound money that is a available, value will continue to gravitate into bitcoin, even if you and some others are seeming to have difficulties perceiving such ongoing gravitation because you are so busy setting up artificial hurdles that bitcoin needs to supposedly cross before it meets your approval.

If we could come up with a bet, then I would be more than willing to enter into the pro-bitcoin side of such bet while you can fuck around taking the side of the inferior (and mostly off-topic) asset that has already proven itself as inferior, even though it has been going through some seemingly recent revivals. 

I would be more than happy to take your money based on how your "opinion" seems to differ from my own, if we can think of some kind of framing that might be bettable, besides our mere ongoing allocations that we are currently taking, which mine is in bitcoin and likely you have some perhaps paper gold that you are fucking around with.. or are you just talking so gleefully about your next best friend (ie gold) and you don't even have any position in it?

JJG you are totally correct.Bitcoin and gold are different. Bitcoin is often compared to gold in terms of valuation. Because both are valuable assets worldwide. But Gold is only a store of value, but Bitcoin is a store of value and freely transferable . Bitcoin's monetization curve is still in its early stages. With the adoption boom, the price of Bitcoin will gradually increase to the million level. 

A Lion never races with a Kitty

X

[ChartBuddy]

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[Emeraldo]

Bitcoin and Gold, two mad high liquidity assets.
Bitcoin vs Gold since 2010...what do you think? If you have invested 10% of your monthly salary on these two assets till now.
By now, you could have owed more than 10,000 Bitcoin worth billions while your worth on Gold could be millions.
Bitcoin is preferably more profitable!

[ChartBuddy]

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[promise444c5]

I had some lady at a gas station tell me she was visiting from Dubia and wanted me to buy her gold for cash for gas and I told her I don't carry around a acid test kit.

There are fake golds in circulation, but I’ve never heard of anyone getting fake BTC in their wallet .. unless it never arrived in their wallet .

[ChartBuddy]

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[LoyceV]

There are fake golds in circulation, but I’ve never heard of anyone getting fake BTC in their wallet .. unless it never arrived in their wallet .

Fake Bitcoin is very common. Many exchanges now have about 5 different withdrawal-options when you click "Bitcoin", and only one of them is real Bitcoin. Many people fall for that.

[Gentle_Soul]

Let me put it too you simply Jay. If Bitcoin does not outperform gold until we are many times bigger than it, Bitcoin is a niche sideshow and will not be the basis of any new monetary system. I consider this a loss to humanity and a win for authoritarians who can use fiat and gold to detriment of the commoners. This is my opinion, you can whine on about anything you want.

Fair point.

There is nothing even wrong with Gold's pump, relative to bitcoin, since you are correct, bitcoin was catching up to gold too fast... so it is good that the shiny paperized rock has been able to show some life in recent times. Doesn't hurt bitcoin's investment thesis, at all - at least not according to this here cat.

I think gold is tending to outperform Bitcoin currently in the 2025 analysis but how ever gold and Bitcoin have in a competitive market.
Despite the fact that they are serving their users different purposes but still they have a way of price analysis that tend to compete against each other.
Investors While investing in any investment they tend to utilize there performances as a basis for investing at a particular point in time

The fact that gold has a very steady and fixated performance has made it attract investors and on the other hand  Bitcoin price moving upwards consistently had attracted investors looking for profit on investment

[d_eddie]

More and more negativity in the press. For some reason, I think FUD season is good.

[promise444c5]

There are fake golds in circulation, but I’ve never heard of anyone getting fake BTC in their wallet .. unless it never arrived in their wallet .

Fake Bitcoin is very common. Many exchanges now have about 5 different withdrawal-options when you click "Bitcoin", and only one of them is real Bitcoin. Many people fall for that.

Exchanges aren’t real wallets though..

[OutOfMemory]

There are fake golds in circulation, but I’ve never heard of anyone getting fake BTC in their wallet .. unless it never arrived in their wallet .

Fake Bitcoin is very common. Many exchanges now have about 5 different withdrawal-options when you click "Bitcoin", and only one of them is real Bitcoin. Many people fall for that.

Exchanges aren’t real wallets though..

Yeah, you can't even be sure that "your" BTC on exchanges are real or not.

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[philipma1957]

Gold could be spent in this manner.


https://bitcointalk.org/index.php?topic=5562126.0

It is worth about 4 usd.

You could make them with 1/1000 of an Oz along with 1/2000

That is on the thread. I have 1 of them.

You could make a hybrid 1/1000 of an Oz and 0.0001 of a btc

[AuchanX]

There are fake golds in circulation, but I’ve never heard of anyone getting fake BTC in their wallet .. unless it never arrived in their wallet .

Fake Bitcoin is very common. Many exchanges now have about 5 different withdrawal-options when you click "Bitcoin", and only one of them is real Bitcoin. Many people fall for that.

Exchanges aren’t real wallets though..

Yeah, you can't even be sure that "your" BTC on exchanges are real or not.

I think this is a concern for newbies. Could this put newbies at risk in any way? Because newbies won't be able to tell the difference between real and fake.

[ChartBuddy]

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[xhomerx10]

  credit:https://x.com/DeFiTracer/status/1978431754978345090

 
    edit: clip="Abandoning the Red October"

[liasbaa]

Fiat being unlimited will lead to inflation and depleted wealth. Bitcoin has a supply of only 21 million.
The limited supply is increasing global demand, which will lead to an increase in the worth of Bitcoin in the future.


https://x.com/BitcoinMagazine/status/1978567093751583073