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

[Saidasun]

Fuck it I bought more BTC. If history is to repeat itself whenever I buy more Bitcoin the price goes down you have been warned.

[vapourminer]

Date is 20th July, 2023. [...] 1BTC is worth $131,500.

after dropping from $512,000 USD of course

[JayJuanGee]

No way! I got blessed by infofront's merit.
Thanks for making this thread at first place buddy. It's the first thing I look at while poop.

Infofront did not make this thread.

adamstgBit made the thread, and around 2016, adamstgBit was having continuing battles with forum admins and even getting into BIG blocker nutjob nonsense, and then in about 2017 his account got hacked, and partially due to his stubborness, he did not try to get back his account, so this thread went unadministered for 6 months or longer, and there was various concerns that the thread was becoming way too much work for forum admins then one day theymos just shut down the thread and received a lot of expressions of anger etc from members regarding such administrative choice, and thereafter, theymos agreed to conduct a vote to assign a new thread owner based on the vote, and infofront won the vote quite decisively, as I recall.. and he seems to have done a better job than both adam and also forum administrators in keeping the spirit of the thread and perhaps allowing the thread spirit to grow to fulfilling its potential better - and so far, knock on wood, it seems to be going pretty well - including that the thread does not seem to be highly censored - except some extreme shilling or abusive posts, and matters can be reported to forum admins through the report button for more serious violation of forum rules or report directly to infofront by sending him a PM for more minor suggestions or reporting - and he will consider whether or not your suggestion is worthy of a response or action from him.

I suppose not all historical thread participants agrees with the direction of the thread, but it does seem to get quite a few returning members during periods of UPpity BTC price action, if we ever might experience that UPpity BTC price action again?  who knows?

Well, Bitcoin @ $30k feels damn good to me. I don’t care how bad the chart looks. That’s not how Bitcoin works.

$30,000 is fine, no problem.

It’s a problem for me personally if this seemingly endless slide downwards continues though. $30,000 is cool but $12,000 or something is not. I don’t need or want to buy any dip. I have enough bitcoin, I really thought we were going to $100,000+ this year.

I pray the bottom is near.

Are you trading frequently? If you do not want to buy in a dip I assume you are not looking to buy anymore at all which probably means you are fine holding on for the bumpy road ahead.

Personally, I believe that LFC buys fairly regularly on dips, but he would prefer the BTC price to go up so he does not need to buy.. but sure, he can elaborate further on what makes him tick (or not tick) if he wants to. 

[gembitz]

No way! I got blessed by infofront's merit.
Thanks for making this thread at first place buddy. It's the first thing I look at while poop.

Infofront did not make this thread.

adamstgBit made the thread, and around 2016, adamstgBit was having continuing battles with forum admins and even getting into BIG blocker nutjob nonsense, and then in about 2017 his account got hacked, and partially due to his stubborness, he did not try to get back his account, so this thread went unadministered for 6 months or longer, and there was various concerns that the thread was becoming way too much work for forum admins then one day theymos just shut down the thread and received a lot of expressions of anger etc from members regarding such administrative choice, and thereafter, theymos agreed to conduct a vote to assign a new thread owner based on the vote, and infofront won the vote quite decisively, as I recall.. and he seems to have done a better job than both adam and also forum administrators in keeping the spirit of the thread and perhaps allowing the thread spirit to grow to fulfilling its potential better - and so far, knock on wood, it seems to be going pretty well - including that the thread does not seem to be highly censored - except some extreme shilling or abusive posts, and matters can be reported to forum admins through the report button for more serious violation of forum rules or report directly to infofront by sending him a PM for more minor suggestions or reporting - and he will consider whether or not your suggestion is worthy of a response or action from him.

I suppose not all historical thread participants agrees with the direction of the thread, but it does seem to get quite a few returning members during periods of UPpity BTC price action, if we ever might experience that UPpity BTC price action again?  who knows?

Well, Bitcoin @ $30k feels damn good to me. I don’t care how bad the chart looks. That’s not how Bitcoin works.

$30,000 is fine, no problem.

It’s a problem for me personally if this seemingly endless slide downwards continues though. $30,000 is cool but $12,000 or something is not. I don’t need or want to buy any dip. I have enough bitcoin, I really thought we were going to $100,000+ this year.

I pray the bottom is near.

Are you trading frequently? If you do not want to buy in a dip I assume you are not looking to buy anymore at all which probably means you are fine holding on for the bumpy road ahead.

Personally, I believe that LFC buys fairly regularly on dips, but he would prefer the BTC price to go up so he does not need to buy.. but sure, he can elaborate further on what makes him tick (or not tick) if he wants to.  

I MISS ADAM & DA FREE BEER DROPZZZ LOL

[ChartBuddy]

Explanation

[El duderino_]

[Mpamaegbu]

That horizontal line to the downside has been respected a lot of times, and I believe that's what's hodling it once more today. Weak hands should take a chill pill and observe that. I expect a rebound from there.

[UnDerDoG81]

That last pump of alts on July 7th was a warning. As soon as sentiment gets a little bullish it feels like a recovery. Only to drop lower from there. I dont expect a bigger rebound before September. But hope 30-40k range holds. Otherwise if we retest 20k things will get nasty. Still believe in an ATH end of the year but the emotions will drop if we go sub 30k.

[JDS0072]

http://

Don't you think we'll re-test the ~$50 price beforehand?

doubtfull,the 50$ floor is not imaginary.
http://s23.postimg.org/u091utlhn/Untitled.png

it all comes down to psychology
sellers don't want to sell below 50$
buyers are happy to buy tons at 50$

... RALLY

[ChartBuddy]

Explanation

[Toxic2040]

retail army to displace whales?  

https://dailyhodl.com/2021/07/18/this-group-of-investors-drive-bitcoin-bull-markets-according-to-analyst-willy-woo-and-its-not-whales/

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tenken sen resistance broken    kijun sen resistance @$31,168.13 on the hourly
1h


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@juansnowgee     obv its at least 4 blank spaces to equal a period....this is known

[ChartBuddy]

Explanation

[Macadonian]

Can we just have a rally already I am getting tired of these low numbers showing on my ticker.

[ChartBuddy]

Explanation

[JimboToronto]

Hey Zeus. Thanks for the meal.

[marcus_of_augustus]

... you know I'd be much happier if Musk just fucked off and left bitcoin alone totally, in fact I'd love it if he flounced out in the usual sociopathic rage-quit

... last thing bitcoin needs is a Chinese Commie toadie interjecting himself into conversations with Western gubmint around bitcoin

[Hueristic]

Hey Zeus. Thanks for the meal.

Hey Physics. Thanks for the meal.

[eXPHorizon]

Hey Zeus. Thanks for the meal.

Hey Physics. Thanks for the meal.

https://www.youtube.com/watch?v=mvVaQu_hXIU

Do you mean that ? Or Physics in General?   

[marcus_of_augustus]

... bitcoin supply and demand in pictographs, here's an idea I've been playing with, anybody who's done basic economics are familiar with the supply and demand curve

https://www.mindtools.com/pages/article/newSTR_69.htm


... sooo, estimating a long-term price trend for bitcoin would seem to require knowing first supply and demand curves

... bitcoin money supply is essentially fixed by the mining algorithm




... however bitcoin demand is a much trickier beast but there a several factors/trends that we should expect to establish themselves as the bitcoin network grows, Metcalfe's law for value of networks



... the specific demand curve for Veblen goods (includes monetary goods) that is unlike regular goods where demand reduces with increasing price



... and finally the S-curve (logistics curve) for diffusion rate of innovation associated with adoption of new technologies



... as seen




... now if someone were to put those curves into a supply vs demand vs price vs time equation (and adjust the price basis for fiat inflation) I'd be interested to know what that looks like, especially when fitted with known price history to the present day


... my hunch is the dominant trend thus far in bitcoin pricing has been the fixed reduction in supply while demand has been relatively flat (early-adoption phase only), interrupted by temporary spikes due to mini adoption waves 2011,2013,2017, 2021 instigated by the supply shocks due to halvings

... my thesis is that the technology adoption and S-curve demand trends have yet to establish themselves and will be continuous over many years, unlike the 4-year cycles seen previously

TL;DR the super cycle of adoption demand is very much still ahead of us

[ChartBuddy]

Explanation