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

[cAPSLOCK]

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a takeout.
Don't get me wrong, I am holding either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

I think there is a greater than usual chance for this rally to still have legs.  Both because of how the entire sector is acting, AND how the BTC chart looks.  This stands to be more than just a little bullrun it LOOKS like a breakout.

That said i have no effing idea... and it certainly COULD be a bulltrap.  If so I'd expect us to drop hard.

One scenario for this is if we see NASDAQ, S&P etc confirm a dead cat, which they are primed to do.  If THAT happens then we either fall with them, or we confirm a decoupling.  unfortunately history favors the former.

But with the Fed using up all the zeros we might just see the markets keep brrrring up.

That is a win/win scenario for bitcoin I think.

[1713585485]

1713585485

[jojo69]

[JayJuanGee]

"alt-season" really is not a bad thing for Bitcoin.  

I pretty much agree with everything you said in that above-linked post, cAPSLOCK, but why you need to throw in this above stupid-ass line that is making a positive value judgement upon shitcoins rather than either staying descriptive or bashing upon shitcoins which would be a seemingly more proper etiquette in regards to addressing what is likely to be a nearly inevitable shitcoin pumpening phenomenon - largely based on the reasons that you had already outlined in that post?  

There seem to be ways to make those same kinds of statements regarding shitcoins in a descriptive way rather than seeming to wanna suck the shitcoin dick way (if there is any such meaningful dick there.. you may need a magnifying glass for your dick suckening efforts.. or perhaps (not speaking from experience) just pucker your lips really tightly?).. #nohomo  

I guess my basic thought there is Honey Badger does not care.  He can go into the house of bees and won't even notice if he's stung.

Sure.  Goes without saying that honey badger does not care, but do we really need any positive talk of shitcoins in this thread?

You know any kind of positive talk whatsoever devolves into shitcoin pumpening or comparing and contrast of which shit coin is less shitty...

ain't nobody got time for that....



even in this thread in which it seems that we have lots of time, anything positive about shitcoin devolves into unnecessary clutter and ambiguity..

Some people actually believe some alts have value. 

Of course.  But why talk about it here, even if it is possible?

A small percentage of those actually have a good argument. 

Again?  Relevance here? Does it really help to keep this thread from devolving into shit to be playing around with those kinds of possible nuances?

Most of the others are "blockchain: the tech behind bitcoin" DeFi type lemmings *cough* Laura Shin *cough*.

It's not like I don't know what you are saying. There are considerable likelihoods of getting inadvertently sucked into those kinds of topics with a lot of frequency when listening to various podcasts or attempting to absorb various media content, but that does not seem to be an argument that we should not at least attempt to have some kicking and screaming when members try to pull that seemingly unnecessary shit here.  We already have enough of that with trolls and newbies who are confused, so why should more senior members be perpetuating that same kind of ambiguity and muddiness in these here parts?

And SOME people will simply take advantage of an alt boom to harvest more BTC from fools.

Nothing wrong with that... just don't need to talk about it here.  It is not like it is a BIG FUCKING secret that there are ways to make money off of shit, but where the fuck do you think that is going to lead us, if we start to believe that every little time some guy pulls in profits here or there on some shitcoin starts to brag up that bullshit in this thread?  And so fucking what that he was able to buy more BTC with that trading?

If s/he feels like rejoicing about how much money that s/he made on x, y or z shitcoin (beyond just incidentally mentioning it), then why not rejoice in the ANN section.. there are plenty of those shitty threads rejoicing about various shitcoins m,n &o on a regular basis, and they may also be rejoicing about x,y &z too if you bring it up... and make some shitcoin buddies.. why should we give any shits here?  You may even be able to rub elbows with Roger, craig, calvin, peter, gavin and a few other notables that do not spend too much time in this here thread (thank god).

it is what it is.. I do not make much value judgments here. 

And, that is why you decided to make positive statements about shitcoins because you want to be lazy and you really want to talk about shitcoins here.. damned everyone else who are trying to keep that sheeeeeet out.. you are wanting to make an exception for ur special lil snowflake selfie.

I do not know the future, but have placed my bets according to my own thoughts and values.

Of course, there is no problem making various allocations in your portfolio that are not about bitcoin.  There are not too many nutjobs who go completely bitcoin, and again sometimes we even talk about our various ways about allocating, which might even involve some shitcoins (without either devolving into shitcoin pumpening or spending too much time on such likely-to-devolve topic of shitcoins).  Furthermore, it might be understandable that a younger investor might either take more risks and include shitcoins in his/her investments, but still seems to be quite problematic to get into some of those details in this particular thread.. same thing with talking about various PMs such as gold.. sure there can be some relevance, in this thread to talking about gold in small doses, but it just has a tendency to devolve, so better to just say fuck gold.. so that those topics do not go too far afield here..  and in the end, no one is likely to stop a high ranking member like you from bringing up shittopics, and you likely will get a lot of leeway too, but is there any real value in just unnecessarily stirring shit about any of these kinds of topics rather than just mentioning them in passing or taking them to another thread if you want to get all hot and bothered by a topic that is problematic in a thread like this?

[JayJuanGee]

Here is another way to say something I have been trying to say...

When you look at goofy coins like DOGE and XRP and see that they have multiple steps up preceding this move by BTC, it makes me think that the chances of the below turning into a "Bart" are lower than usual.

That is surely a fair assessment.

If i start saying "Alts are the lungs of Bitcoin" I give you all permissions to light me on fire.

That is surely hyperjacked-wannabe eyeroller.



 

[gentlemand]

This is my 20,000th post. If I do another 20,000 I think I'll be rather disappointed in myself somehow.

I was going to threaten suicide or demand money to stay, or leave, but I'll save that for the 21,000th.

Go, me.

[BitcoinGirl.Club]

Good afternoon WO!
Fasten your seatbelt, bitcoin is going for a crazy ride, I guess.

Observing @ $9,376

[JL0]

Good afternoon WO!
Fasten your seatbelt, bitcoin is going for a crazy ride, I guess.

Observing @ $9,376

Which direction do you think?

[cAPSLOCK]

So much text complaining about my "positive" talk about alts.

I just think alts have too big of a connection to/impact on BITCOIN price to ignore.

If you consider my positions to be too close to positive then just mute me.

I really think every alt (but one) to be ultimately trash.  (And even the one might end up in that camp depending on developments.)

As i said... I think the development of alt prices/moves etc are a very interesting bellwether for BTC and too big to ignore.  I will talk about them.  And I am not going to take the time to write giant negative disclaimers.

There are probably dozens of people in here who think ETH is a good investment.  I think ultimately that is a mistake.  But that has no bearing on the fact that BTC (the whale) has ETC (the barnacle) coming along for the ride.

If for no other reason that Tether we are currently joined at the hip for better or worse... In the end BTC is king daddy.  I am not gonna go to the trouble to make multiple disclaimers the rest of the time... that is due diligence that belongs to the reader.

[JayJuanGee]

So much text complaining about my "positive" talk about alts.

I just think alts have too big of a connection to/impact on BITCOIN price to ignore.

Has anyone said to ignore shitcoins?

If you consider my positions to be too close to positive then just mute me.

No. You are fine.. You seem to just be persisting with nonsense for the mere sake of it, at the moment.

I really think every alt (but one) to be ultimately trash.  

Yes, and this is where we have the potential to get into irrelevant discussion about which shitcoin happens to be less shitty.  That sounds like a great idea....

(And even the one might end up in that camp depending on developments.)

Maybe.. maybe not... but who cares in terms of this particular thread... sure, you might throw it in incidentally in one of your posts, and no one is going to notice or give any fucks that you mentioned it.

As i said... I think the development of alt prices/moves etc are a very interesting bellwether for BTC and too big to ignore.  

No one argued with you about that, either.. at least so far.

I will talk about them.  And I am not going to take the time to write giant negative disclaimers.

good for you.

There are probably dozens of people in here who think ETH is a good investment.  

And, they can all fuck themselves.. especially moreso if they post about it... .  

I think ultimately that is a mistake.  But that has no bearing on the fact that BTC (the whale) has ETC (the barnacle) coming along for the ride.

Whatever.  

If for no other reason that Tether we are currently joined at the hip for better or worse...

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

In the end BTC is king daddy.  I am not gonna go to the trouble to make multiple disclaimers the rest of the time... that is due diligence that belongs to the reader.

Surely, word choice is a discretionary matter, but does not mean that some push back might not take place.  

[cAPSLOCK]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

 

Tether is (in most part, at this point) ETH based.

[Toxic2040]

the noon wall report at 11am

Capturing the 0.618 short fib on rising volume bitcoin is starting to show a stronger bullish bias trading above $9.4k.
4h


Breaking out above the kijun-sen resistance and looking towards top of cloud it appears as if we have left that descending channel behind and are now searching for clearer sky.  #dyor
D

#stronghands

[btcbeliever]

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

[LFC_Bitcoin]

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

You’ll only have to wait 12-18 months for the next massive move.

[machasm]

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

You’ll only have to wait 12-18 months for the next massive move.

I am pretty sure the move is imminent as you say LFC.
Retirement, here I come.

[Toxic2040]

weekly addendum

Only half way thru but so far looking good for bitcoin. Finishing with positive volumes this week will cement the strong bullish move over the cloud top imho.

#dyor
W

#stronghands

[JayJuanGee]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

Tether is (in most part, at this point) ETH based.

In any event, Tether does not seem to be a shitcoin in the sense that anyone would seem to want to pump it or dump it because it seems to largely remain pegged to the dollar within a percent or two, unless there is some kind of strange thing going on with it.

Surely, sometimes we have legitimately talked about tether in this thread, and surely some members have considered tether to either be a BIG ass scam or something that might end up being used to pump or dumb bitcoin or some other coin, so in that regard, there has been some historical discussion of that coin in its possible relationship with bitcoin, and I am familiar with more and more of tether being used in the ethereum (aka shitcoin) sphere.. so in that regard, there have been various argument being raised in terms of tether's relationship to shitcoin ethereum or if that change in tether's usage has any meaningful or significant effect on bitcoin whether platform or integrity risk, changes in liquidity or other risks, such as regulatory risk.

So, sure, even if tether has been more increasingly used in ethereum, it has not really gone away as a liquidity avenue in bitcoin whether we are talking about binance or bitfinex or other exchanges that had historically used tether but seem to have moved away from using tether / BTC pairs at this point.

[cAPSLOCK]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

Tether is (in most part, at this point) ETH based.

In any event, Tether does not seem to be a shitcoin in the sense that anyone would seem to want to pump it or dump it because it seems to largely remain pegged to the dollar within a percent or two, unless there is some kind of strange thing going on with it.

Surely, sometimes we have legitimately talked about tether in this thread, and surely some members have considered tether to either be a BIG ass scam or something that might end up being used to pump or dumb bitcoin or some other coin, so in that regard, there has been some historical discussion of that coin in its possible relationship with bitcoin, and I am familiar with more and more of tether being used in the ethereum (aka shitcoin) sphere.. so in that regard, there have been various argument being raised in terms of tether's relationship to shitcoin ethereum or if that change in tether's usage has any meaningful or significant effect on bitcoin whether platform or integrity risk, changes in liquidity or other risks, such as regulatory risk.

So, sure, even if tether has been more increasingly used in ethereum, it has not really gone away as a liquidity avenue in bitcoin whether we are talking about binance or bitfinex or other exchanges that had historically used tether but seem to have moved away from using tether / BTC pairs at this point.

Depending on the future Tether could turn out to be the biggest shitcoin ever based on my own definition.  (And I am not an anti-tether conspiracy theorist)

Tether may be the most centralized "crypto asset" that has ever been made.  I suppose the vomitous ripple gives it a run for it's ephemeral money.  But it might even have that beat.

It is "backed" by accounts on some island bank. ---  Boom.  Are there any more things that we need to say?

Yes, it price is *usually* pegged to the $, but that does not mean it's not traded like a shitcoin.  It is a blurry xerox of the ULTIMATE shitcoin.  It is a synthetic, dubiously backed USD which is what Bitcoin trades AGAINST.  That is why it's illusion of stability even exists.

Anyway... I think all that is worth saying... so I said it.

[JayJuanGee]

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

Definitely, I hear you, btcbeliever, and there surely can be justification for transitioning into more of a liquidation phase, and in that regard, either bitcoin is not a very good investment for people who do not have a decently long time or the folks with the relatively shorter timelines need to consider taking a bit of a smaller position in bitcoin, due to its ongoing risk... that may be a bit much if the investor has a time line of less than 5 years and continues a bit disinclined to gamble with large portions of his/her investment portfolio holdings.

Of course, if a bitcoin investor is entering into his/her 60s, and s/he has already accumulated a fairly decent investment portfolio that has come close to already meeting his/her investment accumulation goals of $1million or $2million or some other personally set amount, then  it may not matter so much to the investor if s/he already has put (or has accumulated) a value of 5% to 10% into bitcoin which might be $50k to $200k or if the amount is even equal or greater than the other portion of the investment portfolio, such as having an additional $2million in bitcoin.. because even if bitcoin goes to zero, this particular hypothetical investor has already completely reached his/her investment goal in regard to his/her non-BTC portion of his/her investment portfolio..

There can be a considerable amount of variance in regards to figuring out if the BTC portion is causing unnecessary risk to the HODLer or if s/he should just let his/her investment portion ride - and of course there are incremental approaches to cashing out or reallocating which is one of my favorite ways of thinking about the matter - and Jimbo seems to have a similar approach to whatever portion of his portfolio happens to be in BTC too.. and some of that also could do with how long you have already held the BTC in terms of whether it is already profitable whether you cash out at our current $9,400 price or if you feel that you need higher prices, or even if you would be willing to cash out at $5k, if it seems that we cannot break out of the mid-4-digits.

We could do with a bit of follow through on that last green dildo. Seems to have been a solitary candle. Hope we get a little more support and this isn't just a fakeout.
Don't get me wrong, I am hodling either way but hoping we can get this party started sooner rather than later. (I'm getting on a bit) ☺️

Me too!   I'm in my early 60's, probably got no time to wait 10-20, or even 5 years

You’ll only have to wait 12-18 months for the next massive move.

I am pretty sure the move is imminent as you say LFC.
Retirement, here I come.

Surely, not guaranteed.. even though there are a lot of theories to support giving decent likelihood to such an exponential price rise in the next year or two at the latest... I personally would not gamble in that direction.. but that is my personal approach to these kinds of matters.

Call me a party poop... if you must. 

[JayJuanGee]

Tether is not exactly an altcoin.. but it does seem to be a liquidity vehicle and also a temporary means to either hold dollar value or to move dollar value without actually getting actual dollars.

Tether is (in most part, at this point) ETH based.

In any event, Tether does not seem to be a shitcoin in the sense that anyone would seem to want to pump it or dump it because it seems to largely remain pegged to the dollar within a percent or two, unless there is some kind of strange thing going on with it.

Surely, sometimes we have legitimately talked about tether in this thread, and surely some members have considered tether to either be a BIG ass scam or something that might end up being used to pump or dumb bitcoin or some other coin, so in that regard, there has been some historical discussion of that coin in its possible relationship with bitcoin, and I am familiar with more and more of tether being used in the ethereum (aka shitcoin) sphere.. so in that regard, there have been various argument being raised in terms of tether's relationship to shitcoin ethereum or if that change in tether's usage has any meaningful or significant effect on bitcoin whether platform or integrity risk, changes in liquidity or other risks, such as regulatory risk.

So, sure, even if tether has been more increasingly used in ethereum, it has not really gone away as a liquidity avenue in bitcoin whether we are talking about binance or bitfinex or other exchanges that had historically used tether but seem to have moved away from using tether / BTC pairs at this point.

Depending on the future Tether could turn out to be the biggest shitcoin ever based on my own definition.  (And I am not an anti-tether conspiracy theorist)

Tether may be the most centralized "crypto asset" that has ever been made.  I suppose the vomitous ripple gives it a run for it's ephemeral money.  But it might even have that beat.

It is "backed" by accounts on some island bank. ---  Boom.  Are there any more things that we need to say?

Yes, it price is *usually* pegged to the $, but that does not mean it's not traded like a shitcoin.  It is a blurry xerox of the ULTIMATE shitcoin.  It is a synthetic, dubiously backed USD which is what Bitcoin trades AGAINST.  That is why it's illusion of stability even exists.

Anyway... I think all that is worth saying... so I said it.

Variations of those kinds of skepticisms of tether are not exactly new, and even though tether started being used in early 2015-ish, a lot of the conspiracy theories had gotten pretty strong around and following Bitfinex's purported hackening in 2016.. and surely there has been a sufficient amount of drama regarding it, too.... and whether any of those potential downfalls of tether end up playing out, there could be some meaningful negative impacts on bitcoin, as you suggest - just like there are other possible scenarios in which either bitcoin's liquidity is tested or bitcoin might end up having to go underground, which currently seems to not be very likely but remains a possibility. 

Some scenarios are more plausible than others, and surely last year, Armageddon scenarios were probably less than a 1% chance, but perhaps one could argue that since early 2020 and some of this year's playing out of virus, markets and the revealing of supply chain vulnerabilities and erratic desperations that politicians can sometimes employ or threaten to employ causes Armageddon scenarios to become way higher on the probability than they had less than 6 months earlier.

So, even if we are adding up a bunch of scenarios that do not seem likely on their own, we have seen unlikely scenarios playing out in recent times too, and becoming more and more probable, at least within speculating regarding things that might happen, which may well inspire both a need to think about these matters and also some need to at least consider which preparatory measures might be prudent and reasonable.

[Toxic2040]