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

[Syke]

July was not the poll favorite for breakout.

[1714790680]

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[1714790680]

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[Hueristic]

Oh and did anyone see Pomp annihilating Peter Schiff last night?  I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC.  Understands it, and delivers extremely well on TV etc.

https://www.youtube.com/watch?v=Gwmxx5o8cn4

[TheJuice]

July was not the poll favorite for breakout.

We need to slow down here for a bit. Let's take a breather. Right now its damn expensive to borrow on binance / bitmex to go long. Need that to normalize before next leg up.

[eddie13]

That last green dildo was pure fomo.

which time frame?
A lil too early for FOMO, innit?  

We haven't even come close to FOMO yet. I suspect once we hit 15k or so, the real fun will start.

Breaking through $17,250 should be interesting.  

I'm looking forward to something more like $100k+..

Seems that we need to walk before we can run.

AmiNOTrite?

Did we not just walk @ $20k a little while ago?

Next up is $100k-$350k..

100 should be easy..

[cAPSLOCK]

Oh and did anyone see Pomp annihilating Peter Schiff last night?  I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC.  Understands it, and delivers extremely well on TV etc.

https://www.youtube.com/watch?v=Gwmxx5o8cn4

"How do I hang up"?  That's how Schiff ends the podcast.  Probably just thinks it funny.  But he was GIVEN bitcoin and "lost the password".

Seriously.  This is the reality that we have to build for (I say we).

When I hear Matt O'dell describing privacy best practices, and he and Marty trying to get people to run nodes, and all that I just shake my head.  It's not that this is not important, but it's that it's MORE IMPORTANT to onboard all the non-geeks.  Peter Schiff lost his BTC because the tech was too hard for him. 

There are SOOO MANY people this is true for.  And they are not all boomers.

This is why I still think Cash App and probably eventually Paypal will end up being the most important layer two solutions.

Us geeks can custody ourselves and use multi-sig and so on.   

Anyway Schiff is such a bonehead.

[Hueristic]

Oh and did anyone see Pomp annihilating Peter Schiff last night?  I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC.  Understands it, and delivers extremely well on TV etc.

https://www.youtube.com/watch?v=Gwmxx5o8cn4

"How do I hang up"?  That's how Schiff ends the podcast.  Probably just thinks it funny.  But he was GIVEN bitcoin and "lost the password".

Seriously.  This is the reality that we have to build for (I say we).

When I hear Matt O'dell describing privacy best practices, and he and Marty trying to get people to run nodes, and all that I just shake my head.  It's not that this is not important, but it's that it's MORE IMPORTANT to onboard all the non-geeks.  Peter Schiff lost his BTC because the tech was too hard for him. 

There are SOOO MANY people this is true for.  And they are not all boomers.

This is why I still think Cash App and probably eventually Paypal will end up being the most important layer two solutions.

Us geeks can custody ourselves and use multi-sig and so on.   

Anyway Schiff is such a bonehead.

Yeah he is, I couldn't finish listening to him.

[Room101]

You know shit's happening when you check the board and there are 10 pages of new posts since you went to sleep, lol.

[Biodom]

This is bullshit. The fair price of bitcoin is $12,500.

SOMA.

 Well look who the badger dragged in!  Welcome back.

Tip o' the hat, xhomer. Your millinery prowess is still very much appreciated! Love all the new additions.

 I've had a lot of time to practice since the last ATH

Ah the last all time high.

Fond memories.

The next ATH is coming.  Here is my reasoning: FUD over the 2020 USA presidential election will cause both the left and the right (that have money) to plan an exit strategy.

Here is one case of planning to be able to be outside the USA for the election.

Tom Hanks and his Wife have applied for and received  Greek citizenship.

They can leave the USA and go to Greece now.

I can not go to very many countries since I am merely a USA citizen. Many Countries have banned me from entering them. Due to Covid-19  restrictions.

Sooo If Hanks is doing this he will want to have funds in Greece.  I would be certain he and many others like him will load up on BTC just in case.

Both the left and the right anyone that fear election issues.

BTC is the single best way to move funds around the world.

So I look for many wealthy Left and Right wing people to sink some cash into BTC. As we approach the USA election I think we could see an all time high again.   Time will tell.

I think that on Nov 1 we will hit an all-time high.

Sad to hear about countries banning us, what it all came to?
BTW, quite a few citizenships are for sale, but are they really worth it? I doubt it.
First off, US still tax you for income anywhere around the world.
Second, not sure where is better to live.
BTW, you can still buy property in, say, Canada and spend 182 (but not 183 days or above) of the year there.
Can't get the subsidized medical care there, though.

[infofront]

This is bullshit. The fair price of bitcoin is $12,500.

SOMA.

 Well look who the badger dragged in!  Welcome back.

Tip o' the hat, xhomer. Your millinery prowess is still very much appreciated! Love all the new additions.

 I've had a lot of time to practice since the last ATH

Ah the last all time high.

Fond memories.

The next ATH is coming.  Here is my reasoning: FUD over the 2020 USA presidential election will cause both the left and the right (that have money) to plan an exit strategy.

Here is one case of planning to be able to be outside the USA for the election.

Tom Hanks and his Wife have applied for and received  Greek citizenship.

They can leave the USA and go to Greece now.

I can not go to very many countries since I am merely a USA citizen. Many Countries have banned me from entering them. Due to Covid-19  restrictions.

Sooo If Hanks is doing this he will want to have funds in Greece.  I would be certain he and many others like him will load up on BTC just in case.

Both the left and the right anyone that fear election issues.

BTC is the single best way to move funds around the world.

So I look for many wealthy Left and Right wing people to sink some cash into BTC. As we approach the USA election I think we could see an all time high again.   Time will tell.

I think that on Nov 1 we will hit an all-time high.

Sad to hear about countries banning us, what it all came to?
BTW, quite a few citizenships are for sale, but are they really worth it? I doubt it.
First off, US still tax you for income anywhere around the world.
Second, not sure where is better to live.
BTW, you can still buy property in, say, Canada and spend 182 (but not 183 days or above) of the year there.
Can't get the subsidized medical care there, though.

After a lot of research I concluded that there is no better place to live permanently for a US citizen. Puerto Rico could be a good option if you can take advantage of the tax breaks.

[cAPSLOCK]

I just bought myself a genesis block mug, and used my own lighting node to pay for it.

https://bitcoinshirt.co/shop/home-living/mug/bitcoin-genesis-block-mug/

Pow.  Instant.  Fee: 1 sat.

Now I trying a loop in to replace what I spent from my node.  I never used loop in before.   It's pretty interesting... not sure that it really saves on fees?  But it's some interesting HTLC stuff happening in the background.

[Paashaas]

Bitcoin's potential + 21m 17m coins + low MC = $1m per pop in 2030.

Not many people understand this.

Never sell all your BTC.

[JayJuanGee]

That last green dildo was pure fomo.

which time frame?
A lil too early for FOMO, innit?  

We haven't even come close to FOMO yet. I suspect once we hit 15k or so, the real fun will start.

Breaking through $17,250 should be interesting.  

I'm looking forward to something more like $100k+..

Seems that we need to walk before we can run.

AmiNOTrite?

Did we not just walk @ $20k a little while ago?

Next up is $100k-$350k..

100 should be easy..

Of course, I benefit greatly on a personal level if BTC prices go shooting up, and I understand and appreciate the various BTC price prediction models that seem to suggest those kind of $100k to $350k prices in the coming year or two. 

I am just saying that we cannot take such bullish BTC prices for granted, and it can take some time for the BTC prices to actually get to those price points, including delays along the way that might not even prove the BTC price prediction models wrong, even if the actual BTC price rise might end up being delayed or less than previously predicted by the BTC price prediction models.

[infofront]

Old poll:

[JayJuanGee]

Oh and did anyone see Pomp annihilating Peter Schiff last night?  I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC.  Understands it, and delivers extremely well on TV etc.

https://www.youtube.com/watch?v=Gwmxx5o8cn4

"How do I hang up"?  That's how Schiff ends the podcast.  Probably just thinks it funny.  But he was GIVEN bitcoin and "lost the password".

Seriously.  This is the reality that we have to build for (I say we).

When I hear Matt O'dell describing privacy best practices, and he and Marty trying to get people to run nodes, and all that I just shake my head.  It's not that this is not important, but it's that it's MORE IMPORTANT to onboard all the non-geeks.  Peter Schiff lost his BTC because the tech was too hard for him.  

There are SOOO MANY people this is true for.  And they are not all boomers.

This is why I still think Cash App and probably eventually Paypal will end up being the most important layer two solutions.

Us geeks can custody ourselves and use multi-sig and so on.  

Anyway Schiff is such a bonehead.

I just watched the 1 hour 40 minute video, and I did not conclude that Pomp had annihilated Schiff.  There were likely several points that Pomp could have made better arguments regarding what makes bitcoin valuable besides merely getting caught on some short time frame price performance comparisons.. but Pomp did o.k.  overall.. and surely it is easier for me to sit here and criticize as compared with Pomp's engaging in impromptu discussions and battles with someone so persistent and sometimes making outrageous claims, like Schiff.  

I will say that Pomp actually did much better in NOT allowing Schiff to talk over him as compared with a recent Joe Rogan podcast (in mid July) in which Joe allowed Peter to ramble on and on and on (even though the Rogan podcast was more about the economy and not even a word about bitcoin in that Rogan podcast).

Edited my first paragraph, a wee bit for clarity

[LFC_Bitcoin]

https://twitter.com/hodlonaut/status/1287873187846303745?s=21

[Hueristic]

>$14,000

[infofront]

I said 13-13.5. We'll see how she goes

[JayJuanGee]

I said 13-13.5. We'll see how she goes

Only less than 4 days for the close of the poll timeline.. and several of you guys are subscribing to a kind of "the trend is your friend" BTC price theory for the upcoming days.  Whoazza

I won't complain if a MOAR bullish than expected BTC price performance situation plays out...


And, I already mentioned, a couple of times, I believe, that I am not personally going to be inspired with confidence about 4 digits being in our BTC price history (or in our rearview mirror) unless we get above our June 2019 high of $13,880.

[bitebits]

Sex is great but have you ever HODLED through a hideous bear market with heavy bags & now beginning to see the start of the impending face melting, once in a lifetime bull run?

Twice now, balls still hurting. Seems like some of us are more into masochism.

[AlcoHoDL]

Oh and did anyone see Pomp annihilating Peter Schiff last night?  I did not used to really respect him, but his perspective has matured and sharpened a LOT over the last few years... he's a real asset for BTC.  Understands it, and delivers extremely well on TV etc.

https://www.youtube.com/watch?v=Gwmxx5o8cn4

"How do I hang up"?  That's how Schiff ends the podcast.  Probably just thinks it funny.  But he was GIVEN bitcoin and "lost the password".

Seriously.  This is the reality that we have to build for (I say we).

When I hear Matt O'dell describing privacy best practices, and he and Marty trying to get people to run nodes, and all that I just shake my head.  It's not that this is not important, but it's that it's MORE IMPORTANT to onboard all the non-geeks.  Peter Schiff lost his BTC because the tech was too hard for him.  

There are SOOO MANY people this is true for.  And they are not all boomers.

This is why I still think Cash App and probably eventually Paypal will end up being the most important layer two solutions.

Us geeks can custody ourselves and use multi-sig and so on.  

Anyway Schiff is such a bonehead.

Enemies are made when you mix incompetence with inflated ego, arrogance and a false sense of superiority.

A smart person losing his BTC "password" would praise Bitcoin for its impenetrable security, educate himself and buy more BTC.

A stupid, arrogant egoist losing his BTC "password" ends up a Bitcoin enemy for life...