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

[Dabs]

Just read it’s the 100th Anniversary of the CCP today. Hopefully their influence on anything bitcoin related is nearly over.

Any way, here’s some HOPIUM -


@maxkeiser
The #Bitcoin   hash is undergoing a seismic, global redistribution along with a massive adoption increase and a big protocol upgrade.

The FOMO inflection point, once crossed, will catapult price to $220,000 in 2021
https://twitter.com/maxkeiser/status/1410636814671486976?s=21

So far Max Kaiser hopium has been about exactly one cycle too late... He was saying "35k is in play!" circa 2018.  And he was right!  Today.

Let's hope he is in the right epoch this time.  I actually think so. I think it's in the mass case. I think fringe case is quite a bit higher.

He can be a cycle late still, but that would be fine. You know it will eventually get there. Wait until he starts calling $1m or higher, and compare it to the current price, you know where it's headed.

[1715621983]

1715621983

[1715621983]

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[1715621983]

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[1715621983]

1715621983

[modrobert]

Well ... it would have been more optimistic to just say that... " this year we will have at least 6 months of ATH." ... and you wouldn't have been beating yourself so hard about it. .. Also... don't beat yourself too much about it. .. It's fine! THIS IS FINE!!! .... Sold at 55 < > 64K ... bought back at around 35K ... THIS IS FINE!!!    

But I do feel that greed is a plague. You can't get enough of it. And you always want more.

Yes, greed is bad, ruins the world. I appreciate the candid reflection, even if it's a bit awkward to read in a pump thread.

I have no idea how long this miserable sideways action is going to be, but here's hoping it will get the FOMO Bitcoin adoption going, thinking of it as a red carpet price wise. My theory as mentioned before, when this train leaves the station it will be epic, as never seen before, taking us so high that everyone involved will question their sanity, and by the time doubters expect it to end in a bear market season, fiat inflation will continue to drive the price up through mass adoption.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

Say it one more time....(in S. Jackson's voice)  

...even if it's a bit awkward to read in a pump thread.

who's pumping?

[JayJuanGee]

Say it one more time....(in S. Jackson's voice)  

...even if it's a bit awkward to read in a pump thread.

who's pumping?

My sentiment, too.  "Pump thread."   

[xhomerx10]

Say it one more time....(in S. Jackson's voice)  

...even if it's a bit awkward to read in a pump thread.

who's pumping?

 Elvis Costello, Danzel, Technotronic, The Black-Eyed Peas, Joe Budden, MC Hammer, Water Hog 5000, Golden Child (골든차일드), Mike Candys, Moksi, and even Bronisław Komorowski - I shit you not(pun intended).
 The better question is, who isn't pumping?

[JayJuanGee]

Say it one more time....(in S. Jackson's voice)  

...even if it's a bit awkward to read in a pump thread.

who's pumping?

 Elvis Costello, Danzel, Technotronic, The Black-Eyed Peas, Joe Budden, MC Hammer, Water Hog 5000, Golden Child (골든차일드), Mike Candys, Moksi, and even Bronisław Komorowski - I shit you not(pun intended).
 The better question is, who isn't pumping?

Not this cat.

 

[vapourminer]

Say it one more time....(in S. Jackson's voice)  

who's pumping?

 Elvis Costello, Danzel, Technotronic, The Black-Eyed Peas, Joe Budden, MC Hammer, Water Hog 5000, Golden Child (골든차일드), Mike Candys, Moksi, and even Bronisław Komorowski - I shit you not(pun intended).
 The better question is, who isn't pumping?

Not this cat.

one word: Pink Floyd

edit
ok ok math is hard especially after a dozen bong rips.

[xhomerx10]

Say it one more time....(in S. Jackson's voice)  

who's pumping?

 Elvis Costello, Danzel, Technotronic, The Black-Eyed Peas, Joe Budden, MC Hammer, Water Hog 5000, Golden Child (골든차일드), Mike Candys, Moksi, and even Bronisław Komorowski - I shit you not(pun intended).
 The better question is, who isn't pumping?

Not this cat.

one word: Pink Floyd

edit
ok ok math is hard especially after a dozen bong rips.

 That was Pompeii but I'll give you full marks.

[ChartBuddy]

Explanation

[d_eddie]

I think we're looking at a boring summer. Fireworks next fall?

[xhomerx10]

I think we're looking at a boring summer. Fireworks next fall?

 Fireworks here tonight; I'm watching some right now - it's Canada Day! 

[WaltKitty]

I think we're looking at a boring summer. Fireworks next fall?

 Fireworks here tonight; I'm watching some right now - it's Canada Day! 

Happy Canada Day xhomerx10. Stay cool. Everybody out there in the NW stay cool. Damn.

https://yaleclimateconnections.org/2021/07/western-canada-burns-and-deaths-mount-after-worlds-most-extreme-heat-wave-in-modern-history/

[ChartBuddy]

Explanation

[JayJuanGee]

I think we're looking at a boring summer. Fireworks next fall?

2 more months of flat or maybe 3 months?  Perhaps?

Is between $25k and $46k sufficiently boring?  Or would your projection for boring need to be more narrow, such as $30k to $38k?  If more narrow, would the outter edges of a more narrow "boring" range be able to hold for the next 2-3 months (that would be September / October-ish, no?)?

Perhaps a few more difficulty periods the mining situation should be more clarified regarding if there is shenanigans going on, or is the difficulty just going to adjust and mining hash power going to move out of China, no?

I am having some doubts about the smoothness of the mining situation, but we will likely see after a few more difficulty periods.

What's causing our current boring?  I still have to look at my phone at least 6-12 times per day, so maybe it's just me?  I don't even feel that I am "over-invested" but inquiring minds want to know if the price is moving in one direction or another..... is there a break out?  is there some other news?  Listen to the BSV retards in the past few days.. that surely is news, but did not cause their shitcoin to pump, but surely patent/copyright trolls do prevail from time to time and cause some seeming injustices along the way.

Isn't this the kind of "stability" that so many forum members had prayed for, but might not like it when the actual "stability" is here?

I surely can agree to the potential sustainability of a flat that happens in the 30% ($46k) to 60% ($25k) correction arena as compared with the sustainability of a flat that was being "hoped for" earlier in the year in the less than 15% correction arena (in the supra $55k arena), because this arena seems a wee bit more sustainable than one that would have been so high within our previous movement UPpity.. and especially since we had experienced a 6.5x price appreciation between September and April/May and really no meaningful BTC price corrections during that time.

I doubt that we could really proclaim that this price area is really truly boring..  Can we? .. There's gotta be some behind the scenes battle going on that's gotta get resolved one way or another, no? even if it could take a few months to resolve, as you seem to be suggesting d_eddie...

Maybe many of us would like a quicker resolution of the behind the scenes price battle, but king daddy no does not seem to work like dat.

[savetherainforest]

Well ... it would have been more optimistic to just say that... " this year we will have at least 6 months of ATH." ... and you wouldn't have been beating yourself so hard about it. .. Also... don't beat yourself too much about it. .. It's fine! THIS IS FINE!!! .... Sold at 55 < > 64K ... bought back at around 35K ... THIS IS FINE!!!    

But I do feel that greed is a plague. You can't get enough of it. And you always want more.

Yes, greed is bad, ruins the world. I appreciate the candid reflection, even if it's a bit awkward to read in a pump thread.

I have no idea how long this miserable sideways action is going to be, but here's hoping it will get the FOMO Bitcoin adoption going, thinking of it as a red carpet price wise. My theory as mentioned before, when this train leaves the station it will be epic, as never seen before, taking us so high that everyone involved will question their sanity, and by the time doubters expect it to end in a bear market season, fiat inflation will continue to drive the price up through mass adoption.

I had a good laugh. ... Man... I come here just to shill the fall of bitcoin, brag about me dumping sh!t left & right... and sitting like a cat to jump on the bandwagon of "The Next Bitcoin" project.    

But I'l probably have to wait 2-3 more years for that to appear on the horizon. ... For now... we are stuck with "BTCutcoin"    

[ChartBuddy]

Explanation

[Copetech]

I think we're looking at a boring summer. Fireworks next fall?

2 more months of flat or maybe 3 months?  Perhaps?

Is between $25k and $46k sufficiently boring?  Or would your projection for boring need to be more narrow, such as $30k to $38k?  If more narrow, would the outter edges of a more narrow "boring" range be able to hold for the next 2-3 months (that would be September / October-ish, no?)?

Perhaps a few more difficulty periods the mining situation should be more clarified regarding if there is shenanigans going on, or is the difficulty just going to adjust and mining hash power going to move out of China, no?

I am having some doubts about the smoothness of the mining situation, but we will likely see after a few more difficulty periods.

What's causing our current boring?  I still have to look at my phone at least 6-12 times per day, so maybe it's just me?  I don't even feel that I am "over-invested" but inquiring minds want to know if the price is moving in one direction or another..... is there a break out?  is there some other news?  Listen to the BSV retards in the past few days.. that surely is news, but did not cause their shitcoin to pump, but surely patent/copyright trolls do prevail from time to time and cause some seeming injustices along the way.

Isn't this the kind of "stability" that so many forum members had prayed for, but might not like it when the actual "stability" is here?

I surely can agree to the potential sustainability of a flat that happens in the 30% ($46k) to 60% ($25k) correction arena as compared with the sustainability of a flat that was being "hoped for" earlier in the year in the less than 15% correction arena (in the supra $55k arena), because this arena seems a wee bit more sustainable than one that would have been so high within our previous movement UPpity.. and especially since we had experienced a 6.5x price appreciation between September and April/May and really no meaningful BTC price corrections during that time.

I doubt that we could really proclaim that this price area is really truly boring..  Can we? .. There's gotta be some behind the scenes battle going on that's gotta get resolved one way or another, no? even if it could take a few months to resolve, as you seem to be suggesting d_eddie...

Maybe many of us would like a quicker resolution of the behind the scenes price battle, but king daddy no does not seem to work like dat.

Ain't Bored... Buying!

Well ... it would have been more optimistic to just say that... " this year we will have at least 6 months of ATH." ... and you wouldn't have been beating yourself so hard about it. .. Also... don't beat yourself too much about it. .. It's fine! THIS IS FINE!!! .... Sold at 55 < > 64K ... bought back at around 35K ... THIS IS FINE!!!    

But I do feel that greed is a plague. You can't get enough of it. And you always want more.

Yes, greed is bad, ruins the world. I appreciate the candid reflection, even if it's a bit awkward to read in a pump thread.

I have no idea how long this miserable sideways action is going to be, but here's hoping it will get the FOMO Bitcoin adoption going, thinking of it as a red carpet price wise. My theory as mentioned before, when this train leaves the station it will be epic, as never seen before, taking us so high that everyone involved will question their sanity, and by the time doubters expect it to end in a bear market season, fiat inflation will continue to drive the price up through mass adoption.

I had a good laugh. ... Man... I come here just to shill the fall of bitcoin, brag about me dumping sh!t left & right... and sitting like a cat to jump on the bandwagon of "The Next Bitcoin" project.    

But I'l probably have to wait 2-3 more years for that to appear on the horizon. ... For now... we are stuck with "BTCutcoin"    

Sit Down N00bie!

(Looks like we're in for some Downtime)

BTW, Money is NOT the root of all Evil. It's the Love of Money that IS the Root of All Evil.
And Love... And Hate... They's just two Sides of the Same Coin. Either way, it's passion. Anything you are Passionate about is Loved/Hated... Just depends how the toss lands today.

Money is the storage of value. And those who just want to find another way... most times just haven't realized their resentment is based on a lack of anything of value to store. Those who declare that all has gone wrong and that you should follow a different path, if they don't offer clarity of what that path is, and the responsibility you bare by following it... well, they're just trying to grasp more power by appealing to emotional whims of the adolescent mind.

Money is nothing but the tool. The craftsman can use that tool to make the world a better place. But the grifter, the charlatan, just uses that tool to grasp more power. Don't blame the tool, blame the grifter! And find, or better yet BE the craftsman that fixes it.

[ChartBuddy]

Explanation