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

[Tash]

I think there will be a flood of cheap gpus for sale by next july, when ETH activates EIP1559.

Dunno who is still buying and scalping gpus at these prices with such a deadline in close sight...

I’m not familiar with the change in Ethereum. Could you elaborate?

It is difficult to know if people are being sarcastic in written form since this is probably the most hardcore bitcoin thread on the forum but I will answer,  [...]

Sorry for the altcoin rant.

Thanks for the explanation. So essentially, the rewards for miners goes down I guess.

The PoW to PoS transistion will be fun to watch. I predict a fork, ethpow and ethpos.

You a bit late watching that fork. It was 4years late, but they managed to create a POS chain. Someone will always mine Eth

https://beaconcha.in/block/0  01/12/2020 Eth2-chain (Beacon)
https://blockchair.com/ethereum/block/0  2015/07/30 Ethereum-chain

[Sayeds56]

Not sure why number going down.

I think in this case, it's going down because it didn't go up. Lots of "pricing in" of a stimulation bump that never materialized.

Wake me up when "we" get below $52k (about 15% correction from our current local top/ATH of $61,782) (if we do?).. .otherwise I am continuing to have some difficulties conceptualizing that "we" be going DOWNity in any significant or meaningful way, beyond mere noises... when prices be staying quite considerably above $52k...

which in other words the degree of supposed DOWNity that is taking place in recent times including about the past week or so remains a BIG so what...

[sirazimuth]

Back in the day I used to get excited when King Daddy pumped $10.
Nowadays it bounces around plus or minus a few thou and I keep yawning...

Edit (as usual)...

wait a minute... I'm getting excited... It's almost gardening season...

[shahzadafzal]

Microsoft is now asking Xbox users about #Bitcoin BTC



https://twitter.com/documentingbtc/status/1373737622317699081?s=21

[sirazimuth]

Microsoft is now asking Xbox users about #Bitcoin BTC



https://twitter.com/documentingbtc/status/1373737622317699081?s=21

I'll go out on a limb here and proclaim that possible payment options for Xbox is not going to have a significant effect on my quality of life...but that's just me....

[d_eddie]

Microsoft is now asking Xbox users about #Bitcoin BTC



https://twitter.com/documentingbtc/status/1373737622317699081?s=21

I'll go out on a limb here and proclaim that possible payment options for Xbox is not going to have a significant effect on my quality of life...but that's just me....

Right, but answers pushing towards M$-Xbox adoption could eventually have some marginal effect on these here getlemens' quality of life indeed.

[samson]

Up, up, up. Everything's pointing up as far as I'm concerned.

I almost expect an explosion upwards coming pretty soon, if not before the end of the month then just after.

Zooming right out on the weekly and monthly scales, I've never seen anything quite like it.


Something big is coming and soon....

[sirazimuth]

ok wo bros, I'm only posting this because laser eyes at 4:38 , so not too much off topic. (ok, yeah its off topic, but WE)
I swear Bill Burr and me were separated at birth as twins.
I literally just fell off my chair laughing.

https://www.youtube.com/watch?v=R0-N04Gs3_A&t=90s


GO BITCOIN

[Arriemoller]

Up, up, up. Everything's pointing up as far as I'm concerned.

I almost expect an explosion upwards coming pretty soon, if not before the end of the month then just after.

Zooming right out on the weekly and monthly scales, I've never seen anything quite like it.


Something big is coming and soon....

Really?
I have seen it twice before.

[El duderino_]

Actually .... many years back when my friend told me to buy and HODL BTC, I had plenty of questions about how it works etc

He said just buy what you can miss, keep doing that buy or try to accumulate however you can, don’t mind the tech side.... don’t break your head ...

Best advice ever for newbies

Just buy and go to sleep, rinse and repeat



My interest was very big and I kept asking him stuff... he explained and showed me places where to read etc

But still if I would know more or less, the game is most easy when we just buy and HODL

HODLsleep in progress

Goodnight brothers of the wall

[Wekkel]

Remember the cause: https://www.zerohedge.com/markets/were-bubble-thats-too-big-fail

I had the thought that Bitcoin is like a hole in the wall of a burning building. The burning building is the petrodollar. The Bitcoin hole in the wall doesn’t meet any standard definition of a door. It wouldn’t pass a building inspection and it may not last long. It will most certainly be replaced by something else in the long run. But in the short term, no one inside that burning building really cares about any of that and the ones that first smelled smoke are already pouring through it. Many more will follow and some, sadly, will die in the fire. There are other exits from the building too, some may be safer than others, but the most important thing is getting out of the burning building as quickly as possible.”

Bitcoin is the effect 

[El duderino_]

https://twitter.com/wclementeiii/status/1373630515018919952?s=21

[Elwar]

The reality of the picture is that the guy would stand in the front. Get whipped. People in the far back would stand up cheering the guy on, yelling at the whip guy. The guy in front keeps getting whipped. The guys in the back continuing to cheer...Revolution! Yay!
Guy in front gets whipped more and more until finally he collapses.

People in the back go back to kneeling ("see, I told you he should have stayed down"..."what was he thinking?"..."he should have waited until we voted for a new whip guy"..."I, for one, welcome our whipping leader").

[JimboToronto]

Up, up, up. Everything's pointing up as far as I'm concerned.

I almost expect an explosion upwards coming pretty soon, if not before the end of the month then just after.

Zooming right out on the weekly and monthly scales, I've never seen anything quite like it.


Something big is coming and soon....

Really?
I have seen it twice before.

Only twice? 

[cAPSLOCK]

I just listened to the Robert Kiyosaki interview with Saifedean Ammous.

It is one of the weirdest things I have ever heard.  But good.  Kiyosaki rips Saif to shreds for his absolutelist tendencies which was satisfying, but he also sort of also reinforces the bonehead boomer stereotype. (As a GenX person I get to laugh at just about every generation that matters (since our basically does not)).

https://www.richdad.com/podcasts/saifedean-ammous

[jojo69]

[hisslyness]

I just listened to the Robert Kiyosaki interview with Saifedean Ammous.

It is one of the weirdest things I have ever heard.  But good.  Kiyosaki rips Saif to shreds for his absolutelist tendencies which was satisfying, but he also sort of also reinforces the bonehead boomer stereotype. (As a GenX person I get to laugh at just about every generation that matters (since our basically does not)).

https://www.richdad.com/podcasts/saifedean-ammous

I just listened to it, for someone who wrote a book, can't even answer a simple question...

RK: I've started my own Gold Mine, "Why can't I start my own Bitcoin"

Robert knows a lot about Bitcoin, but is playing dumb just to gauge the response of Saif...

[Wekkel]

Disturbing yet satisfying: https://twitter.com/naiiveclub/status/1373795994161143809?s=21

[Syke]

I just listened to it, for someone who wrote a book, can't even answer a simple question...

RK: I've started my own Gold Mine, "Why can't I start my own Bitcoin"

Robert knows a lot about Bitcoin, but is playing dumb just to gauge the response of Saif...

I like the part where bought a gold mine, and then the Chinese government took it over. Better just stick with bitcoin.

[Cryptotourist]

The next plateau is the 100-160 range. The eventual plateau is 750k in today's dollars. That is about 20 years to 30 years from now.

What is this, a joke? I'm not laughing.
$750k in 5 years from now, max. The "eventual plateau" is in the million $ range, right after we break the 1mil mark before the decade is over.

Do yourself a favor and do not try using fundamentals to predict btc price levels.

And do not knock magical thinking when it comes to BTC

Do yourself a favor and stop misdirecting people. Paypal my ass, yo.
BTC fundamentals are the A and Ω, when it comes to price prediction - where we're going and why.


Consolidated at low 50's ... check!
Consolidated at high 50's ... check!
It's Monday ... check!

Looks like we'll be resuming with higher ATH's shortly.
Feels like October 2020. CCMF's inbound.

Go BTC go!