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

[philipma1957]

All right.

But...

What about 26000?

Is such a thing even possible?

Based on  July 2019 30k is possible today

Based on Dec 2017 70-80k is possible today

This is mining profits estimates.

Now in July 2019 the 13k price tanked as it was too good for mining

and in Dec 2017 the 19.9k price tanked as it was too good for mining.

The 25k price is close to being too good for a miner that has gear in hand.

So the question is does the desire from big time investors over ride the excess mining profits.

Maybe it does.

especially if a lot of countries other than Norway start investing into btc to help pension plans.

[rdbase]

All right.
But...
What about 26000?
Is such a thing even possible?

Just about got to 2600(0) today and that's a good nostalgic number to be proud of if your a kid from the 80's.





$25,903 is the new all time high for the next hour because it seems those people who are shopping on boxing day are using crypto to buy up those deals online which is in itself at an all time high too.

[d_eddie]

So does anyone have any insight as to why hashrate is not chasing this rise?

Are the big miners caught with their pants down?

The factory finally shipped their months old equipment, so they can't keep mining while the gear is on its way? 

[Toxic2040]

discovery continues

#dyor

1h


4h

#stronghands

[machasm]

Wow! This price action is amazing and to think that most of 2021, if not all of it, is likely to be in an upward direction. Just wow!
We should be at page parity soon at this rate. Maybe even before year end??

[LFC_Bitcoin]

https://twitter.com/apompliano/status/1342862087463317506?s=21

[gallianooo]

When parity between wall observer page and BTC price ? 

[serveria.com]

https://twitter.com/apompliano/status/1342862087463317506?s=21

It seems we can as well do it today! 

[JimboToronto]

Good morning Bitcoinland. Happy Boxing Day.

The rally continues... currently $25790USD/$33200CAD (Bitcoinaverage).

Go Bitcoin go.

Just about got to 2600(0) today and that's a good nostalgic number to be proud of if your a kid from the 80's.

Just about got to 2600(0) today and that's a good nostalgic number to be proud of if you're a phreaker from the '60's.



 

[sirazimuth]

Well at this point it would seem not only taxi drivers and Grandmas are piling in, but
cousin Mel just signed up to that unmentionable exchange and is taking the shitcoin quizzes as I type.....

[becoin]

https://twitter.com/apompliano/status/1342862087463317506?s=21

It seems we can as well do it today! 

Yep, $31,000 on 31st.

[Febo]

$26000 just happened on Binance. Like this we will get to $31000 by end of the year. I just hope then we will not drop to $1000 n the first.   
Now we are already 30% above 2017 ATH.  Not sure if there is a way back probable anymore.

[ivomm]

What is this $26K - a pump for ants?  I will get somewhat excited about $150K, anything below it is just noise. 

[Wekkel]

This price action makes me think that a $250k + top is much more plausible that a $100k top 

The current currency system is dying.

It’s no longer a cringe part of a hidden sub culture in society who knows this.

It’s no longer the Peter Schiffs of this world proclaiming the end of fiat systems.

It’s a (close to critical) mass that is contemplating this now. All in the open and for everyone to see.

And it’s simple math determining that this will accelerate. 20% of all dollars in the world created this year alone. Next time, will it be 40%? And the next thereafter?

Will the new stimulus bill go to $4 trillion (6.6% of all money (in broad terms) in the whole world)? 
Will the next stimulus bill be $8 trillion?
The talks about the $1 trillion coin seem a long time ago (those were rookie numbers  ).

It’s happening because it’s inevitable.

Greatest. Wealth. Transfer. Ever.

[d_eddie]

A sobering note. Some self-appointed gurus note that the volume is low, even for the weekend, so this might look like a local top. I say: it would make sense for the badger to take a breather even if we know he don't care. On the other hand, in the weekend - and especially on Boxing Day - institutional investors are supposed to be sitting on their hands.

Well I guess we'll see soon enough. Local top or not, the mid term scenario doesn't change all that much 

[cygan]

those were the days - everyone could afford at least 1 BTC


26k touchdown

Good morning Bitcoinland. Happy Boxing Day.

The rally continues... currently $25790USD/$33200CAD (Bitcoinaverage).

Go Bitcoin go.
...

[LFC_Bitcoin]

https://twitter.com/hodlonaut/status/1342882367036416001?s=21

[BobLawblaw]

Don't want to sound like a party pooper or nuthin', but maybe if we could, like, hang around at these levels for a coupla days, and build some support, that would kinda make me feel a bit better.

Getting too much of a runaway train vibe, and that's bad.

[Poker Player]

Don't want to sound like a party pooper or nuthin', but maybe if we could, like, hang around at these levels for a coupla days, and build some support, that would kinda make me feel a bit better.

Getting too much of a runaway train vibe, and that's bad.

I think the same but just for the short-term. The faster we go up, the bigger the dip later on but if we are talking about holding bitcoin forever, just selling at some specific points, we shouldn't worry much about the speed. Bitcoin will keep going up in the long-term.

[aesma]

This price action makes me think that a $250k + top is much more plausible that a $100k top 

The current currency system is dying.

It’s no longer a cringe part of a hidden sub culture in society who knows this.

It’s no longer the Peter Schiffs of this world proclaiming the end of fiat systems.

It’s a (close to critical) mass that is contemplating this now. All in the open and for everyone to see.

And it’s simple math determining that this will accelerate. 20% of all dollars in the world created this year alone. Next time, will it be 40%? And the next thereafter?

Will the new stimulus bill go to $4 trillion (6.6% of all money (in broad terms) in the whole world)? 
Will the next stimulus bill be $8 trillion?
The talks about the $1 trillion coin seem a long time ago (those were rookie numbers  ).

It’s happening because it’s inevitable.

Greatest. Wealth. Transfer. Ever.

25K to 100K is not really "price action", it's a huge amount of money that needs to pour in. 250K, well, it's even much more bigger !

But I will not bet against it either.