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

[bitebits]

https://digitalik.net/btc/dashboard/


Puts the current price in perspective (nice website btw).

[Torque]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

[nullius]

No one will shove big amounts of money into bitcoin before the U.S. election.

How is that even relevant?  Trump and Biden are approximately the same.  Neither will seek to undo the products of the Woodrow Wilson administration—and starting before undoing the Roosevelt New Five-Year Plan New Deal, that is what should be most important to the financial decisions of American investors, if they are capable even of remembering what they ate for breakfast.   #justsaying

Moreover, this charade has not even the slightest relevance to non-American investors.  One or the other of two American Commissars will be “elected”.  Either way, America will continue to be a terrorist rogue state, will continue to undermine the bigcorp-dollarized-globalized economy, will continue to export cultural degeneracy...  Yawn.

Some people’s obsession with this pointless circus act is surreal.  Not buy Bitcoin because of it?  Say what?  Why should Bitcoin give a hoot?

So much noise about what is basically just entertainment.  Football hooligans, scaled up.

[Philipma1957cellphone]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways away for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

The chance of btc staying in the 10k to 11k range from now to 2024 is under 5%.

First holy covid batman ! Ie covid is not done yet.

Second the world has been able to shut down so many businesses over covid it is stunning.
Not the USA not China not India the entire world has been shutting down and killing off many many many businesses. So what to do?

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

[vapourminer]

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

i swore moon was scheduled for this weekend. will be disappointed if we are not all filthy stinking rich(er) by monday.

[xhomerx10]

~snip

From here on out, no more meaningless memes, Toxic... You fuck.  

I am merely a conduit...for this message.. so don't shoot me...

 Seriously JJG? You're not familiar with candy corn?  Can you not see how happy that little guy is?!
I'm pretty sure the reason he's happy is that there's a special version of him just in time for the Full Beaver Moon!

https://www.brachs.com/products/halloween/turkey-dinner-candy-corn.html

mmmm! corn

[Torque]

I THINK the cooperation shown by many many countries has shown that they could choose to shut down the internet if they want to.  This is very interesting concept that truly makes digital coins look weak. If you were Elon  Musk or any super wealthy person you are going to get around this weakness or simply not sink a lot of money into BTC.

You can't be serious? The wealthy cabal depends on internet services companies Apple, Google, Amazon, Microsoft, PayPal, eBay, all the cloud-based services companies, etc. Stock markets depend in the internet. Governments and militaries around the world depend on the internet up and running 24/7/365.

So not a chance in hell. Plus the internet was *designed* to be decentralized and disaster proof.

[HI-TEC99]

No one will shove big amounts of money into bitcoin before the U.S. election. Selling big chunks is also unlikely but not as unlikely as investing.
I expect price to stay in the range through October. Coiling the spring to unbearable tension.

Also, a big move down at stocks is looming around the corner and everyone waits to see if btc gets dragged down again.

It seems everyone in Bitcoin these days is sitting around waiting for the proverbial "moon shot" that's supposedly just around the corner.

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways away for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

The chance of btc staying in the 10k to 11k range from now to 2024 is under 5%.

Wait until the banks start going bankrupt again. I doubt Bitcoin will stay range bound then, and the banks must already be struggling.

[Cryptotourist]

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

Excuse me, that's the second time I read such statement coming from you.
What? No bull market this cycle? How the fuck does that work?
Please don't tell me, "elections, COV" or anything else like that for that matter. Volume will come and will go, and is always going to shrink in the long run.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

How about trying: the single asset that has outperformed - in orders of magnitude - any other asset known in the planet.
Nevertheless, got that right, badger does not care.

[Paashaas]

For anybody who are not familiar with megalith sites i'm going to post some of them. There are many more available from sites around the world. High advanced technology is required to build this and they did this thousands of years ago. How the fck they managed to bend those stones, the angles the precision is mindblowing. People lived like cavemen during that time and i refuse to believe they pulled this off with just a hammer and a chisel. If we know how to build like that we would see European medieval castles the same way i mean they where not able to translate that kind of intellect in otherday use cases, which means it would be constructed by A: a much older human civilization ore B: the Sumerians where right about those sky gods ore giants. When corn tops out next year ore so i'll cash out some and start traveling not only to for example the Bahama's, also to these places to see it with my own eye's. This will be my last post about this subject, i just wanna make people aware that Earth history is full with mysteries.

[Cryptotourist]

When corn tops out next year ore so i'll cash out some and start traveling not only to for example the Bahama's, also to these places to see it with my own eye's.

You and me both.
So many places to see.

This will be my last post about this subject, i just wanna make people aware that Earth history is full with mysteries.

Although I greatly prefer them to COV stats, the thing is, most people don't like to be aware.
If convinced, they get scared, and if not, they just dismiss it. [and back to their comfortable bubbles]

[OutOfMemory]

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

Volume (in bitcoin) must go low over time, because the number of free coins is lowering too.
I was highligting the obvious in the original quote, truth always is, never could.

Excuse me, that's the second time I read such statement coming from you.
What? No bull market this cycle? How the fuck does that work?
Please don't tell me, "elections, COV" or anything else like that for that matter. Volume will come and will go, and is always going to shrink in the long run.

I wonder... Could be pessimism or some kind of intention.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

How about trying: the single asset that has outperformed - in orders of magnitude - any other asset known in the planet.
Nevertheless, got that right, badger does not care.

Agree. What's even more exciting than bitcoin, the digital gold you can actually pay with?
Must be frustration, sorry, could be, of course  


EDIT:
OT: Seems like i had too much of Vitamin E intake over the last few weeks, for various reasons and switching supplements. As i stopped intake since the day before yesterday, depressive moods seemed to lighten up a little today afternoon and constant heart palpitations are slowly vanishing. I also had increasingly premature ejaculations in the last weeks, very unusual in my age (and being together with the same woman for more than 10 years *LOL*), which i blame on the supps, too.

[soullyG]

Just want to note this one is a sculpture (rest are real enough though)

[jojo69]

[xhomerx10]

 I need one of those!

[Paashaas]

Just want to note this one is a sculpture (rest are real enough though)

Thx man, i was tricked Will replace it with:

[elrippos friend]

For anybody who are not familiar with megalith sites i'm going to post some of them. There are many more available from sites around the world. High advanced technology is required to build this and they did this thousands of years ago. How the fck they managed to bend those stones, the angles the precision is mindblowing. People lived like cavemen during that time and i refuse to believe they pulled this off with just a hammer and a chisel. If we know how to build like that we would see European medieval castles the same way i mean they where not able to translate that kind of intellect in otherday use cases, which means it would be constructed by A: a much older human civilization ore B: the Sumerians where right about those sky gods ore giants. When corn tops out next year ore so i'll cash out some and start traveling not only to for example the Bahama's, also to these places to see it with my own eye's. This will be my last post about this subject, i just wanna make people aware that Earth history is full with mysteries.

That is quite simply to explain. The history books are full of shit because some people don't want you to know what happend on this planet for real.

Example: Great Pyramids of Gize were not build by Egyptians, even Aristoteles and Plato wrote, that the Egyptians told and showed him, that they inherited those monolitic structures with the math to that and they are bound to preserving them. There are some quite good engineers from different disciplines who all say, that this is not possible with bronce chisels and stones, hence material used in the pyramids and southern America is near adamantine and much, much older (in the six figures) then stated. Even modern techniques of building are not near to the precision of the pyramids, despite a lot of engineers tried to rebuild those structures and all failed even with modern tools.

My two cents for that 

[jojo69]

I need one of those!

https://www.tacticaldistributors.com/products/tactical-outfitters-homer-into-the-bushes-morale-patch

[Torque]

The truth is, we could literally go sideways-ish all the way up until the year of the next halving. A long ways off for sure. I mean, even during this summer, volume was pathetically low by prior yearly standards. Right now it's pathetically low again.

Excuse me, that's the second time I read such statement coming from you.
What? No bull market this cycle? How the fuck does that work?
Please don't tell me, "elections, COV" or anything else like that for that matter. Volume will come and will go, and is always going to shrink in the long run.

Don't get me wrong, it's not like I'm saying that Bitcoin isn't still the best performing and most undervalued asset on the planet. Worse case, pretty much 99% guaranteed to double within the next 4 years...find me ANY other asset that is capable of that kind of growth. Hell if Bitcoin at a minimum just nets 8-10%/year over a 4 year average, then it's still by far the winningest investment on planet earth and will at least keep up with inflation. I believe that it will continue that progress which is why I still remain 100% all in.

But a guaranteed moonshot in the next 4 years? I'm not saying that it won't happen. I would personally love to see it happen. But nothing is guaranteed, and anyone who thinks that is a fool. It would take a LOT of money coming in for that to happen, and right now that kind of buying pressure doesn't exist with average Joe retail investors anymore. I'm not seeing it in the existing volume, and tbh haven't see it since 2017. And if you haven't heard, multi-millionaires are able to take $500M long positions without moving the market even a little bit.

IMHO anyone that buys into Bitcoin as an investment, should be looking at a minimum hodling of at least 2 halving cycles, if not 3. That's 8-12 years MINIMUM of hodling (if not forever). Most n00bies apparently don't have the stomach for that. Most are off to buying some shitcoins and praying for a mini moonshot to try and get rich overnight. To say that they will be disappointed is an understatement.

If anyone is just into Bitcoin for the fireworks, they may want to look elsewhere for a more exciting investment.

How about trying: the single asset that has outperformed - in orders of magnitude - any other asset known in the planet.
Nevertheless, got that right, badger does not care.

See comment above. It's fun to be rah rah uber bullish about Bitcoin pretty much all the time, but every once in a while it's also healthy to interject a bit of realistic introspection and expectations too.

[Cryptotourist]

Don't get me wrong, it's not like I'm saying that Bitcoin isn't still the best performing and most undervalued asset on the planet.

Believe me, I'm trying.

Worse case, pretty much 99% guaranteed to double within the next 4 years...find me ANY other asset that is capable of that kind of growth. Hell if Bitcoin at a minimum just nets 8-10%/year over a 4 year average, then it's still by far the winningest investment on planet earth and will at least keep up with inflation.

My objection was about the 4 year cycle. It's clearly defined by the halvings, hashrate & difficulty.
We are at the point of the cycle that we should see a lot of growth next year - much like 2017. You'll see your volumes then.

I believe that it will continue that progress which is why I still remain 100% all in.

So do I. If the pattern starts to break, you can bet that I will start calling it out. Just not any time soon. The 2032 halving will show, but corn is going to be in the millions by then. I'm pretty sure I have a couple of thousand euros in the bank. The rest is BTC.

But a guaranteed moonshot in the next 4 years? I'm not saying that it won't happen. I would personally love to see it happen. But nothing is guaranteed, and anyone who thinks that is a fool. It would take a LOT of money coming in for that to happen, and right now that kind of buying pressure doesn't exist with average Joe retail investors anymore. I'm not seeing it in the existing volume, and tbh haven't see it since 2017.

Agreed, nothing is guaranteed. But they are printing so much money man!

And if you haven't heard, multi-millionaires are able to take $500M long positions without moving the market even a little bit.

Did I blink? A whale's wet dream.

Anyone that buys into Bitcoin as an investment, should be looking at a minimum hodling of at least 2 halving cycles, if not 3. That's 8-12 years MINIMUM of hodling. Most n00bies apparently don't have the stomach for that. Most are off to buying some shitcoins and praying for a mini moonshot to try and get rich overnight.

Actually I'm already freaking out in advance about next year's bull run. I don't want to sell a fucking thing tbh. Which is completely stupid, because I can increase my stack for one (if I get it right), and two stick the finger to the banking system. Both give me pleasure, but the idea of selling part of my stack just makes me uncomfortable. That said, of course I will.