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

[BitcoinBunny]

Some observations from things I've learned mostly this year. In addition to much of the information I learn from you guys here I've watched quite a number of interviews, videos and live streams from the likes of Michael Saylor, PlanB, Max Kaiser, InvestAnswers, CryptosRUs, that pomp guy from the best business show, some Kitco stuff etc mostly during this year.
Much of what I've seen people say seems to fall into line with news headlines and things happening here in the UK and beyond from what I can gather:

• Ridiculous inflation figures (has a major effect on the rest of the stuff in this list)
• Soaring energy prices around the world due to green levies and political games. Moving to EVs will add huge demand also.
• Lack of employees due to dumb vaccination mandates, low reward for hard work in many places. It's simply innate for humans to take the easiest route to anything. Working from home allows people to spend more time to think about investments and check coinmarketcap every 5 mins.
• Increase in pensions and social security payments
• Acceptance of BTC by financial institutions and possible ETF soon
• Governments' financial arms too slow to react to something that is now far too big to really ban and we've heard this will probably not happen anyway quite recently
• Gold being a piece of crap and not even adjusting to inflation over a 10 year period.
• Banks being laughably useless; high street presence disappearing and no reward for savers, in some cases it now costs money to have a couple of bank accounts.
• The difficulty to still be able to invest in property, slowly out of reach for the average Joe; partly due to already substantial gains. They tried some crowd funding / split property investment stuff here in the UK but it never took off from what I can gather. Yet you can still buy $100 in BTC whether it's today, 10 years ago or 10 years in the future.
• Most tech stocks seem to be stagnating and just look boring now. Maybe not enough is happening with the likes of Facebook, Apple etc. Just doing the same thing every year etc. Some lack of innovation perhaps. There might still be gains with the likes of Tesla. InvestAnswers is bullish on it. The software side of Tesla might prove to be a big asset in the future. We will see. Not much else I am excited about. Maybe energy companies though.

All this HAS to mean much, much more of this:





I think we will see a new ATH in the next 2-3 weeks at the latest.

100K BTC isn't far off, maybe a month, two or three. Once we have a new ATH things could move fast.
Doubt we will see the PlanB / Max Kaiser figures of 288-400K within the next 4 months or so but I reckon we are in for a 500-650K BTC within 5 years and a $1-1.75 million BTC probably a few years after that (before 2030).

Obviously I'd be happy if the S2F model turns out to be a near exact indicator for the future. We will see. I'm not 100% convinced about that.

[1714019677]

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[1714019677]

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[1714019677]

1714019677

[shahzadafzal]

OT:
“Several people have been killed in a bow and arrow attack near Oslo, Norway”

[ChartBuddy]

Explanation

[philipma1957]

OT:
“Several people have been killed in a bow and arrow attack near Oslo, Norway”

People will improvise.

[ChartBuddy]

Explanation

[philipma1957]

Now buddy Do your stuff.

60 k by wake up time.

[ChartBuddy]

Explanation

[Hueristic]

https://telephoneworld.org/landline-telephone-history/pink-floyds-young-lust-explained-and-demystified/




For the younger crowd.

[JayJuanGee]

I think we are a cycle off from hitting 400-700K. But I'd like to be proven wrong.

Doubt I would do a 9-5 job at that point though, as long as inflation doesn't hit 500% over the next 4-5 years.

For some people, the question about what is going to happen "this calendar year," and what is going to happen for this cycle are two different questions, and surely seems to be a bit of an unknown in regards whether this cycle is going to reach its top this year or if it might take a few more quarters to play out.. I personally doubt that the answer is really knowable, and it really seems that the fact that the mostly consolidating between about May and perhaps late September, could cause some abilities for the blow off top (to the extent that one ends up happening) to take place in 2022 rather than 2021... but surely part of the nature of blow off tops does seem to be the difficulties to really assess when they might be finished... and surely I doubt that merely breaking through noman's land (which means getting to about $80k or higher) would end up being sufficient to serve as a blow-off top.. and let's say that we ONLY get to sub $100k or even sub $150k and then have another consolidation period, then that could well end up justifying experiencing a blow off top that ends up in the $400k to $700k or even beyond for this particular cycle - even if it could take as long as the 2nd or 3rd quarter of 2022 to actually play out..

And surely, I am employing a wee bit of back of the envelop kinds of conjecture, too in terms of various ways that momentum could end up playing out both in terms of quantity UP and length of time that it might take to become decisively a blow-off top (even if sometimes some of us might not even appreciate a blow off top to have had occurred, even after it occurred, which was a kind of sentiment that many of us had in late 2017 and into 2018 regarding the $19,666 blow-off top that really was not clearly known to be decisive - until maybe November 2018 or so there was a kind of confirmation that took place when BTC prices dropped suddenly and decisively from $6k-ish to $3k-ish..

Much of what I've seen people say seems to fall into line with news headlines and things happening here in the UK and beyond from what I can gather:

[list of problematic areas]

You could have added some information about a lot of supply chains being messed up and then something about the China seeming to be going through some of its own internal identity battles - whether with bitcoin mining and other kinds of transactional "banning" or maybe its other expansionary tendencies with Hong Kong and possibly Taiwan coming up.[/list]

[ChartBuddy]

Explanation

[serveria.com]

Some observations from things I've learned mostly this year. In addition to much of the information I learn from you guys here I've watched quite a number of interviews, videos and live streams from the likes of Michael Saylor, PlanB, Max Kaiser, InvestAnswers, CryptosRUs, that pomp guy from the best business show, some Kitco stuff etc mostly during this year.
Much of what I've seen people say seems to fall into line with news headlines and things happening here in the UK and beyond from what I can gather:

• Ridiculous inflation figures (has a major effect on the rest of the stuff in this list)
• Soaring energy prices around the world due to green levies and political games. Moving to EVs will add huge demand also.
• Lack of employees due to dumb vaccination mandates, low reward for hard work in many places. It's simply innate for humans to take the easiest route to anything. Working from home allows people to spend more time to think about investments and check coinmarketcap every 5 mins.
• Increase in pensions and social security payments
• Acceptance of BTC by financial institutions and possible ETF soon
• Governments' financial arms too slow to react to something that is now far too big to really ban and we've heard this will probably not happen anyway quite recently
• Gold being a piece of crap and not even adjusting to inflation over a 10 year period.
• Banks being laughably useless; high street presence disappearing and no reward for savers, in some cases it now costs money to have a couple of bank accounts.
• The difficulty to still be able to invest in property, slowly out of reach for the average Joe; partly due to already substantial gains. They tried some crowd funding / split property investment stuff here in the UK but it never took off from what I can gather. Yet you can still buy $100 in BTC whether it's today, 10 years ago or 10 years in the future.
• Most tech stocks seem to be stagnating and just look boring now. Maybe not enough is happening with the likes of Facebook, Apple etc. Just doing the same thing every year etc. Some lack of innovation perhaps. There might still be gains with the likes of Tesla. InvestAnswers is bullish on it. The software side of Tesla might prove to be a big asset in the future. We will see. Not much else I am excited about. Maybe energy companies though.

All this HAS to mean much, much more of this:





I think we will see a new ATH in the next 2-3 weeks at the latest.

100K BTC isn't far off, maybe a month, two or three. Once we have a new ATH things could move fast.
Doubt we will see the PlanB / Max Kaiser figures of 288-400K within the next 4 months or so but I reckon we are in for a 500-650K BTC within 5 years and a $1-1.75 million BTC probably a few years after that (before 2030).

Obviously I'd be happy if the S2F model turns out to be a near exact indicator for the future. We will see. I'm not 100% convinced about that.

Lesson I've learned from the previous cycles: never underestimate the honey badger! Otherwise you can get REKT really easy. So always ask yourself: can x4 or x5 be considered parabolic? Can a blowoff top happen like x2 from a local top?  

$200-250k is BEARISH for the top of this cycle really....  and if we take into account the inflation and all the points you have mentioned in your post it's EXTREMELY BEARISH.  

[ChartBuddy]

Explanation

[OutOfMemory]

Funny how things went from:

"Bitcoiners" ---> "Bitcoin maximalists" ---> "Toxic Bitcoin maximalists"

The MSM trolls and shills hard at work astroturfing, gaslighting, and labeling a group as 'toxic', to push the public away from one thing (bitcoin) and towards another (shitcoins).

It must be working. Shitcoin communities are toxic circlejerks full of cognitive dissonance and delusional hopium.

This is SOP these days. Everything is filtered through the lens of the writer's agenda and no attempt at journalistic detachment is made. Sad times.

Imo, it's originating at our roots as a communicative, social species that was put forward in evolution (in terms of efficiency) by simplifying things. Now, i'm not sure (*idiocracy meme here*) if this approach still works in a world of ever growing complexity.
I'd expect a destructive term like TBM by calling altcoin delusionalists "shitcoin shills" (or similar) in the first place. This way nobody can get to serious discussion, even more so because the social media treadmills are fueling the fire.
At second glance, abbreviations like TBM mean we're threatening the evangelists inside the house of shitcoin-cards, which in turn means they take bitcoiners way more serious than it might seem.

I'm ready to wear this term like a medal.

* OutOfMemory dusts off his shoulders

[Paashaas]

Bankster with tears is afraid from Bitcoin...yummy!

[OutOfMemory]

Bankster with tears is afraid from Bitcoin...yummy!

In other words: Is there a better reason for banks to get into bitcoin?

EDIT:

Plot:

1. help ruining the economy
2. blame bitcoin for the inevitable crash in victimhood
3. accumulate BTC in the face of forced regulation
4. serve them to dependent nocoiners using high fees

cat bites tail
("going round in circles" eng.)

[ChartBuddy]

Explanation

[gappie]

Hi WO members. Just checking in with a post. Bitcoin life is good. HODL on!

[ChartBuddy]

Explanation

[aesma]

Seeing corn (briefly) above 50000€ again, the start of a good day.

[cygan]

nothing more needs to be said about this