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

[JimboToronto]

Good morning Bitcoinland.

Here we go again... another ATH ($57554 Stamp), another $1.4k mini-correction and another bounce halfway back up... currently $56751USD/$71570CAD (Bitcoinaverage).

This is a routine I can learn to love. In the time it took to get the vendor's signature on the purchase-sale contract, my Bitcoins had risen in value more than the cost of our piece of paradise. Made it official yesterday.

Go Bitcoin go.

The number of WOs selling is too damn high.

Cause land, cause gift and like going to banks, cause its just a tiny fraction...

Pffff... I'm considering (-a car-). And that would be my tiny fraction.

You can't drive around in money (including Bitcoin), nor can you stock it with fish and hang a hammock beside it, nor build a track and keep cattle on it.

Spending tiny fractions rocks.

[1715456933]

1715456933

[1715456933]

1715456933

[1715456933]

1715456933

[1715456933]

1715456933

[1715456933]

1715456933

[Arriemoller]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

If, and that is a big if, it keeps on like this it should hit 100k by May.
100k was my first big sell target,  but with the current momentum I'm not so sure anymore, I might up it to 150 or even 200k. I'll have to see how fast this thing is going.

[dieselmeister]

https://www.arabianbusiness.com/banking-finance/458881-dubai-businessman-pledges-largest-bitcoin-investment-in-history

4 Billion for 100k corn... Don't know if it's real...

[Elwar]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

Some key dates this year...

July 25: COVID Eviction relief ends. If not extended, a lot of people will be given 30 day notices on that date and will be searching for a place to live by August 25
July 31: Unemployment subsidy checks end. People who were getting an extra $600 or so per week will no longer receive it.
August 8: Money given to small businesses to help with payroll stops
August 31: Mortgages that have been put off for the past year are now due either in a lump sum or higher monthly payments to pay what you owe. Moratorium on foreclosures ends.
September 30: Student loan payment suspension ends
December 31: You can no longer take penalty free withdrawals from your 401k.


So September seems like it may be a big time for the US economy. I have heard bits and pieces about September being the start of a Jubilee (loan forgiveness, the Great Reset, etc.).


One other key date coming up on Monday is the Federal Reserve meeting to discuss interest rates. If they go more hardcore that may drive bitcoin over $100k within days. If they start talking about the economy doing better then that could be the trigger for a big crash as people anticipate rates being raised and the money train coming to an end.

[BitcoinBunny]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

Saturday July 17th 2021

[dieselmeister]

Currently we loosing our nice morning pump... Thought we dump on Sundays?  I will take a nap... Later...

[lightfoot]

(Answer: It's money, I earned it, here is your share as is fair enforced through threat of violence)

ftfy.

*sigh* Laws on murder and rape are also enforced through threats of violence so this argument breaks down pretty quickly.

There are some people in society that simply don't understand other options, that is life. From my point of view, I view basic taxes to be the price for living in a civilized society, and not paying my share would result in my being a grubby freeloader.

Since I do not value being a freeloader or parasite I don't consider them to be a bad thing.

[Phil_S]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

August 15th 2021

50th anniversary of you-know-what.

[600watt]

some guy on a podcast i listened today said that tptb made us believe the last 200 years that is possible to store all the value created by all the work of all the people in DEAD TREES. but trees grow everywhere.
people are just finding out that it is better to store value in math by means of real digital scarcity.

[jojo69]

Just checked my cold storage and noticed that I've recently received two very tiny amounts on one of my addresses (same address for both). The last transaction to my wallet, apart from these two, happened more than one year ago...

What is this? Anyone noticed it too? Should I be worried?

Thanks.

https://medium.com/coinmonks/bitcoin-dust-attack-explained-2b3bebd4b373

[El duderino_]

https://twitter.com/danheld/status/1363164818954354692?s=20

well said

[friends1980]

August 15th 2021

50th anniversary of you-know-what.

My mother in law.

Nevertheless, I'd rather you didn't use "what" but "who" when you're talking about her.

[Searing]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

As to above 'pundits' are out in force saying that BTC is going to crash and can't compete with the coming of national digital currencies.

The talk today and probably will continue by the 'talking heads' on T.V. is that Bitcoin will be 'replaced' by a central bank(s) digital currency....I've seen this often

quoted. I have 'never' once however seen it brought up in pro or con that BTC is 'decentralized' with a 'fixed' amount of coins vs a national digital currency

which is 'centralized' and allowed to 'print' coins like they print money, even if it is a 1 to 1 ratio with their fiat.

Gasp! I'm beginning to suspect they are leaving this out of BOTH sides of the argument on Bloomberg and other T.V. Pundits on other channels.

Ya think?

Brad

[aesma]

No rest for corn, observing more than 46000€. I see it was 47000€ a bit earlier.

[aesma]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

As to above 'pundits' are out in force saying that BTC is going to crash and can't compete with the coming of national digital currencies.

The talk today and probably will continue by the 'talking heads' on T.V. is that Bitcoin will be 'replaced' by a central bank(s) digital currency....I've seen this often

quoted. I have 'never' once however seen it brought up in pro or con that BTC is 'decentralized' with a 'fixed' amount of coins vs a national digital currency

which is 'centralized' and allowed to 'print' coins like they print money, even if it is a 1 to 1 ratio with their fiat.

Gasp! I'm beginning to suspect they are leaving this out of BOTH sides of the argument on Bloomberg and other T.V. Pundits on other channels.

Ya think?

Brad

I don't even understand what is new about "national digital currencies". Since banks have computers, so something like 60 years ago, isn't all money mostly digital ? I know my fiat is just 0s and 1s in several banks' IT systems.

There is talk of adding some blockchain/crypto features to these, and that might be a good thing, for example you could prove your holdings and the bank couldn't screw with that, but the main thing with crypto is being one's own bank, so centralized currencies are no competitors to that. And the main thing with BTC is scarcity, so fiat currencies printed willy nilly, digital or otherwise, can't compete with that either.

[cofefeGandalf]

"national digital currencies", all the overhead of blockchain but the limitations of central banking, too. Where to I sign up? /s

[ivomm]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

[Phil_S]

already over 2x page parity 

[friends1980]

New ATH nearby, once more...

[BitcoinBunny]

Can I get an opinion please?

Just out of interest WHEN do you guys think we will breach $100,000? I’m pretty certain it’ll be this year but just interested to see when you guys think it’ll happen?

April, May, June?

Later in the year?

Thanks.

As to above 'pundits' are out in force saying that BTC is going to crash and can't compete with the coming of national digital currencies.

The talk today and probably will continue by the 'talking heads' on T.V. is that Bitcoin will be 'replaced' by a central bank(s) digital currency....I've seen this often

quoted. I have 'never' once however seen it brought up in pro or con that BTC is 'decentralized' with a 'fixed' amount of coins vs a national digital currency

which is 'centralized' and allowed to 'print' coins like they print money, even if it is a 1 to 1 ratio with their fiat.

Gasp! I'm beginning to suspect they are leaving this out of BOTH sides of the argument on Bloomberg and other T.V. Pundits on other channels.

Ya think?

Brad

Those pundits must live in La La Land and not understand the store of wealth OR trying to pull the wool over people's eyes. Central banks' currencies are already mostly digital. The only person / thing I pay for with paper cash these days is my window cleaners, that is it. I have not used cash or coins for a year except that, that includes parking meters. Covid has made sure of that and it will not really reverse at all I think.

What are they going to do? "Well folks, this is the Bollar. There are currently 1 trillion in circulation so be quick, the value will only increase, we promise. But when we think we should we can add another 1 billion on maximum a monthly basis to increase circulation or increase that rate too when we want to maybe, we will see, it really depends who is the chief of the bank at the moment. Enjoy your Bollars folks, please!"

"I will now demonstrate how easy it is to use the Bollar by sending 10.000 Bollars to Papa Johns to buy two pepperoni pizzas. That's it, my payment went through instantly so I will get my pizzas in 25 minutes." *Bring Bring -answers phone* "Hey Papa Johns, that's right I sent you 10.000 Bollars for two pizzas, are they on their way? What did you say, they are not on their way because you are more interested in accumulating BTC than the Pizza business now? What? But Why?! Why? Why? Don't you want Bollars?"