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

[El duderino_]

We just hit #Bitcoin all time highs for:

- Number of addresses with any balance
- Number of daily active addresses
https://twitter.com/danheld/status/1314913655310483465?s=20

[1715606030]

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[proudhon]

Looks like we're continuing the inverse bearish spike indicator. There's always a fake bullish spike during long term bearish downtrends. Be careful not to be fooled and make sure your highly leveraged shorts on are in place.

[JayJuanGee]

Ordinary peeps,
the ones we told about corn....
Forever in debt.

One thing about investing in corn or anything else, usually the stage in which people get into a kind of interactive and circumspective investing approach, there should be a kind of forcing about how they are using debt.

Personally, I would not even be suggesting that debt is a bad thing, in the event that it is attempted to be used as a kind of leveraging play.  The financial system and world in which we have lived in the past 30 years or so has been becoming more and more stacked in such a way that strategic use of debt has been almost one of the ONLY ways to really get ahead for normies who might start out with little to no networth, but are able to get access to credit and banking services.

Of course, individuals should have been attempting to structure their own debt situation in ways in which they are earning more on the debt than they are paying in fees and interest... or alternatively, using such debt to get into strategically advantaged situations that they would not otherwise have been able to get into.

In the path of using debt to your advantage, getting out of debt; however, should be the goal for most peeps and getting into a position in which building up assets are working towards increasing networth should be a goal too.. because I would think that having positive networth gives way more options in terms of NOT having to account to anyone - even though debt still might continued to be used, even as networth grows higher, and also can be used as a kind of "fitting in the system" way, too... NOT to draw too much attention to ur lil selfie.

Also, I would think... surely getting into more positive networth territory, would give more freedom than to be constantly servicing debt.. and perhaps reporting to others or even being subject to some of the changes in the debt servicing terms.. but hey there are some people who make a habit of living high off the hog and above their means, but do not really get to places in which they actually have positive networth... and really does seem that bitcoin does provide an investment vehicle that will actually leverage a kind of assurance to increase the odds of getting out of debt and ensuring positive networth.

[cAPSLOCK]

Looks like we're continuing the inverse bearish spike indicator. There's always a fake bullish spike during long term bearish downtrends. Be careful not to be fooled and make sure your highly leveraged shorts on are in place.

I have learned so much here, and am glad to know now about the "inverse bearish spike indicator".  Thanks Proudhon.  I have also made this my personal text.  I believe it will bring me luck!

[infofront]

New poll time!

[Toxic2040]

the good morning report


#dyor

shes making full colors now sir...ensign, burgee and war flag aloft         eight bells and all is well
4h


D

#stronghands

[VB1001]

https://imgur.com/PJ8YutR

[JimboToronto]

Good morning Bitcoinland.

$11k seems to be holding for now... currently $11339USD/$14870CAD (Bitcoinaverage).

Hopefully this is the start of the autumn (northern hemisphere) rally.

Go Bitcoin go.

It worries me how excited people are over a tiny, random, upward blip that's obviously part of the normal fluctuations of bitcoin's proven downward trend. Without question the price will be back below $10k before the end of the year as the market continues its long term decline toward triple digits and below.

Born looser

Looser than a lot of people around here.

I don't know how many coins this OG joker holds but it's probably a lot more than most hat wearers.

It's easier to be an easy-going comedian when you're financially comfortable for life.

He probably didn't just have a boat accident. More like a fleet accident.

[JimboToronto]

https://imgur.com/PJ8YutR

 

[cAPSLOCK]

Good morning Bitcoinland.

$11k seems to be holding for now... currently $11339USD/$14870CAD (Bitcoinaverage).

Hopefully this is the start of the autumn (northern hemisphere) rally.

Go Bitcoin go.

It worries me how excited people are over a tiny, random, upward blip that's obviously part of the normal fluctuations of bitcoin's proven downward trend. Without question the price will be back below $10k before the end of the year as the market continues its long term decline toward triple digits and below.

Born looser

Looser than a lot of people around here.

I don't know how many coins this OG joker holds but it's probably a lot more than most hat wearers.

It's easier to be an easy-going comedian when you're financially comfortable for life.

He probably didn't just have a boat accident. More like a fleet accident.

Bingo.  Truer words never spoken.

[VB1001]

https://imgur.com/PJ8YutR

 

All happy except, the one on the plate

[Torque]

It worries me how excited people are over a tiny, random, upward blip that's obviously part of the normal fluctuations of bitcoin's proven downward trend. Without question the price will be back below $10k before the end of the year as the market continues its long term decline toward triple digits and below.

Born looser

[VB1001]

https://twitter.com/Excellion/status/1314751468977614848

[Biodom]

Defi team moves to bitcoin from cough-eth-cough (and the team is supported by Consensus).
Interesting.
https://twitter.com/AtomicFinance/status/1313928196295983107

Those who want to pooh-pooh defi as a concept: the addressable market is hundreds of trillions vs maybe 10-15 tril (if btc replaces gold).

[explorer]

Defi team moves to bitcoin from cough-eth-cough (and the team is supported by Consensus).
Interesting.
https://twitter.com/AtomicFinance/status/1313928196295983107

Those who want to pooh-pooh defi as a concept: the addressable market is hundreds of trillions vs maybe 10-15 tril (if btc replaces gold).

reading down: 

The hashrate is now 10x higher than it was at Bitcoin's previous all time high of $20k....

https://twitter.com/BITVOLT7/status/1314719879811993600

[cAPSLOCK]

Defi team moves to bitcoin from cough-eth-cough (and the team is supported by Consensus).
Interesting.
https://twitter.com/AtomicFinance/status/1313928196295983107

Those who want to pooh-pooh defi as a concept: the addressable market is hundreds of trillions vs maybe 10-15 tril (if btc replaces gold).

DeFi as an actual useful technology is certainly interesting.  But the initial build was all nonsense.  And like everything else being built to spam the ETH blockchain it is a mistake, and building a sidechain or drivechain pegged to BTC and rooted in it's security is what is going to happen. Maybe this Atomic Finance group is in that category... seems so.

Also, there has to be an actual reason for a product aside from NUMBER GO UP pump and dumps.

We are standing on the precipice of a many month to 2 year BTC bull where BTC dominance rises significantly.  Nothing really exciting will be happening in the DeFi space aside from actual companies quietly building actual products with the hope they will be ready after the spotlight is off the Bitcoin moon that will have the whole world stunned.  Ironically to some extent this fuse is being lit by the money coming back to BTC from the DeFi casino madness.

For a little while that's all people are going to see, IMHO...  And all this is dependent on there NOT being a huge multi-state attack on crypto led by the CBs which is a fairly real possibility.

I do also think the "not broken yet" alts with real world purpose will move north alongside BTC during this move either holding their XXX/BTC value or even rising in some cases.  But I doubt that will be very many projects at all.  I will not be surprised if ETH performs less well in this regard having just taken a huge hit with the end of the DeFi Casino era.

Oops!  I just noticed my crystal ball has a huge crack in it... hmm...  Nevermind.  All that is probably wrong, I guess.

[explorer]

Defi team moves to bitcoin from cough-eth-cough (and the team is supported by Consensus).
Interesting.
https://twitter.com/AtomicFinance/status/1313928196295983107

Those who want to pooh-pooh defi as a concept: the addressable market is hundreds of trillions vs maybe 10-15 tril (if btc replaces gold).

DeFi as an actual useful technology is certainly interesting.  But the initial build was all nonsense.  And like everything else being built to spam the ETH blockchain it is a mistake, and building a sidechain or drivechain pegged to BTC and rooted in it's security is what is going to happen. Maybe this Atomic Finance group is in that category... seems so.

Also, there has to be an actual reason for a product aside from NUMBER GO UP pump and dumps.

We are standing on the precipice of a many month to 2 year BTC bull where BTC dominance rises significantly.  Nothing really exciting will be happening in the DeFi space aside from actual companies quietly building actual products with the hope they will be ready after the spotlight is off the Bitcoin moon that will have the whole world stunned.  Ironically to some extent this fuse is being lit by the money coming back to BTC from the DeFi casino madness.

For a little while that's all people are going to see, IMHO...  And all this is dependent on there NOT being a huge multi-state attack on crypto led by the CBs which is a fairly real possibility.

I do also think the "not broken yet" alts with real world purpose will move north alongside BTC during this move either holding their XXX/BTC value or even rising in some cases.  But I doubt that will be very many projects at all.  I will not be surprised if ETH performs less well in this regard having just taken a huge hit with the end of the DeFi Casino era.

Oops!  I just noticed my crystal ball has a huge crack in it... hmm...  Nevermind.  All that is probably wrong, I guess.

You'll be OK.  Just stay off the crack.

[BobLawblaw]

Yay or nay ? Rick and I are wondering.

[OutOfMemory]

Yay or nay ? Rick and I are wondering.

EDIT: way too styled. I'd keep it simple.

EDIT2: But those shorts are really lame!

[LFC_Bitcoin]

@danheld
HODL




Q4 is going to be fun