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

[UnDerDoG81]

Looks like somebody selling bigger bags. Either they know something we dont know... Just can hope who ever it is, gets burned badly.

[1714193572]

1714193572

[1714193572]

1714193572

[El duderino_]

https://twitter.com/zerohedge/status/1460638864691896334?s=21

[Torque]

Meanwhile in Clown World...


https://twitter.com/dougboneparth/status/1460734447293280260

[cAPSLOCK]

Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.

Aren't you the most insightful of nocoiners that I never did meet?

He's not a nocoiner. He's got a few sats in the address in his profile, and he's hodling them.

I am Just Wondering "How The Heck This NoCoiner Got 20 Merit From a Single Post?"

I am here for the last five years and trying to get at least 100 Merit. But I am failed.

Actually, your account is four years old.
And the merit system is younger than that.

I never knew that there is a merit system. I never knew how the Profile rank system works.
Yeah, I created this account back in 2017. I wasn't much active here. I used to read-only. But, recently I started sharing my thoughts with everyone.
I asked my locals to guide me on how can I rank up my profile. They guided me. But, Look like Newbies get less appreciation from High-rank Users.
No Matter How Good I post.

For Example, Binance Started Scamming People, There is Lot of cases. No Media Covered it yet. I created a thread, (Scam) Binance Block Users Withdrawals - You could be the next Victim. and...... No responses  

But, I won't give up. I am trying to share an informative post.

Don't get too worked up over forum ranks or merits.  Just wade in and join the party.  Post things that you think are interesting.  Argue with JJG and add value to the WO thread...  you'll have those merits in no time.

[Torque]

Argue with JJG ...

Oh god please no. Just no.

[naim027]

This Post is deleted as of Respect to Rules.

[shahzadafzal]

Argue with JJG ...

Oh god please no. Just no.

[naim027]

Rugged again haha. What a shit coin. Are you suckers really going to hold through another crypto winter? The writing is on the wall, sell before it gets worse.

Aren't you the most insightful of nocoiners that I never did meet?

He's not a nocoiner. He's got a few sats in the address in his profile, and he's hodling them.

I am Just Wondering "How The Heck This NoCoiner Got 20 Merit From a Single Post?"

I am here for the last five years and trying to get at least 100 Merit. But I am failed.

Actually, your account is four years old.
And the merit system is younger than that.

I never knew that there is a merit system. I never knew how the Profile rank system works.
Yeah, I created this account back in 2017. I wasn't much active here. I used to read-only. But, recently I started sharing my thoughts with everyone.
I asked my locals to guide me on how can I rank up my profile. They guided me. But, Look like Newbies get less appreciation from High-rank Users.
No Matter How Good I post.

For Example, Binance Started Scamming People, There is Lot of cases. No Media Covered it yet. I created a thread, (Scam) Binance Block Users Withdrawals - You could be the next Victim. and...... No responses  

But, I won't give up. I am trying to share an informative post.

Don't get too worked up over forum ranks or merits.  Just wade in and join the party.  Post things that you think are interesting.  Argue with JJG and add value to the WO thread...  you'll have those merits in no time.

Thank You very Much Sir For Your Suggestions. I am happy at least You guys noticing me that I am here. xD
I will follow your suggestions and not lose the path. I Hope, You guys will kick me to Legendary in No Time.

[cAPSLOCK]

Argue with JJG ...

Oh god please no. Just no.

Just take your vaccine and relax!

[ChartBuddy]

Explanation

[naim027]

The first bitcoin upgrade in four years has just gone live. It is a rare moment of consensus among stakeholders, and it's a big deal for the world's most popular cryptocurrency.

The Taproot update means greater transaction privacy and efficiency – and crucially, it will unlock the potential for smart contracts, which can be used to eliminate middlemen from transactions.

"Taproot matters, because it opens a breadth of opportunity for entrepreneurs interested in expanding bitcoin's utility," said Alyse Killeen, founder and managing partner of bitcoin-focused venture firm Stillmark.

Unlike bitcoin's 2017 upgrade – referred to as the "last civil war" because of the contentious ideological divide separating adherents – Taproot has near universal support, in part because these changes involve fairly incremental improvements to the code.

Source: Bitcoin's biggest upgrade in four years just happened – here's what changes

[BitcoinBunny]

Argue with JJG ...

Oh god please no. Just no.

If you're going to eat popcorn during a JJG response you'll need to stock up properly first:

[rdbase]

Argue with JJG ...

Oh god please no. Just no.

I will have these Shaquille O'Neal crying eyes.
(You think nobody here noticed? )
My previous post was about his beloved Staples center the house that SHAQ built loosing it's name to CRYPTO!

After reading all those 100 pages of posts my eyes will look like the maryjane ones after thinking about it over a couple of days.

[xhomerx10]

[naim027]

Argue with JJG ...

Oh god please no. Just no.

I will have these Shaquille O'Neal crying eyes.
(You think nobody here noticed? )
My previous post was about his beloved Staples center the house that SHAQ built loosing it's name to CRYPTO!

After reading all those 100 pages of posts my eyes will look like the maryjane ones after thinking about it over a couple of days.

You Don't have to read them all. Better You hire me, I will read that 100 pages and I will record voice while reading.
You have to just listen to what I read. I am not sure if you will understand my pronunciation or not.

I am a Freaking Asian Dumb Guy

[ChartBuddy]

Explanation

[d_eddie]

I am Just Wondering "How The Heck This NoCoiner Got 20 Merit From a Single Post?"

I am here for the last five years and trying to get at least 100 Merit. But I am failed.

Actually, your account is four years old.
And the merit system is younger than that.

Psst... Eddie... I know it's been a blur of "WTF!?!" lately, but it IS November of 2021 now.
Jest Sayin...

Which makes it... hm... 4 years and 1 month, give or take a few days.
Just sayin'.

[JayJuanGee]

Oh the panic sell game is on once again and CB going downwards on the charts but these are days results but there is one graph for Bitcoin that will always remain same and long term holders see it as motivation to HODL.

Ok... fair enough that in the long term BTC prices are inclined UPpity..  no problem with that conclusion because that seems to be a fair historical representation that shows where we are at and how we got here... additional seems to serve as a largely fair representation regarding where we are going - even though I would not presume the slope of the curve to be as steep in the future - even though we may well continue to experience a steep curve, it does not seem to be a safe presumption because we should not be taking the future for granted as if it were a given, even if it has decently high odds of continuing UPpity in a relatively steep curve - especially when comparing to various other assets that might be currently chosen as long-term investments.

A straight line in ECG also means you are not alive

These ups and downs in price graphs are also mandatory for bitcoin but remember if you see decade charts it always go upwards

Yes... of course one of the deficiencies with an ECG chart comparison would be that bitcoin would most likely tend to have a long term upward trend contained within the ongoing ups and downs along the way. and for sure, you have already acknowledged that dynamic aysg76.

and that also with great curve because a decentralized currency which is capable of providing you financial freedom and deflationary future ahead with security and 68000% growth in 13 years is worth investing.

I understand that you (aysg76) are pointing out historical growth - but still there remains a kind of danger to presume that such historical growth in BTC spot prices would be very helpful, in and of itself, to inform us regarding what to do in the present.. so we have to be damned careful to put that historical growth into context .. and surely also NOT to become too presumptuous either.

One of the BTC price dynamics that seem to scare the fuck out of newbies concerning their contemplations about 1) getting into bitcoin, 2) how much to get into bitcoin and 3) formulating strategies to transition into getting into bitcoin (presuming that the answer the first two questions in the affirmative), newbies get nervous as fuck to see such steep historical price appreciations and have a whole hell of a lot of difficulties conceptualizing that if they were to get into bitcoin with these kinds of outrageously great historical price dynamics that they would not be investing at or near the top. On the other hand, for some reason, some of their reservations about investing at the top do tend to disappear for a decent number of the same newbies (and to get taken over by FOMO) when bitcoin is going through any kind of outrageously steep UPpity period.. then the sentiment becomes something regarding this UPpity seems to have NO end in sight.

The charts don't lie see yourself and then these dips won't matter anymore.

Of course, it is quite likely when we zoom out, there will end up being a lot of inabilities to recognize and appreciate a lot of the UPs and DOWNs along the way because the amount of UP has decent chances of dwarfing the volatility that had ended up happening along the way.  We are not really disagreeing on a lot of these points, but still I have concerns when some of the contents of messages seem to presume UP as inevitable.. and for me it seems way better to be framing these kinds of matters to show the potentialities for outrageously great ongoing UP BTC price appreciation while at that same time maybe maintaining some kinds of lower level hopes of at least matching other kinds of possible investments if not beating some of them.. looking at property and equities... and of course, my own perspective of just considering 6% per year to be adequate has gotten moved up to 12% per year presumed.. but of course, I am using the 208-week moving average as my baseline (and that 208-week moving average is about $17,500 as I type this post).

[ChartBuddy]

Explanation

[JayJuanGee]

[...]

these days some of us are either aiming for 0.21BTC, and some of us have admitted to reaching more than 0.63BTC...

Just consider how much more insight Billy nocoiner would be able to achieve merely from being in a kind of 0.21BTC to 0.63BTC accumulation range.. holey shit.. and for sure whole coiners are on another level these days.

[...]

0.21 BTC... What a ride! We've come a long way... It used to be 21 BTC, then 2.1 BTC. Now it's 0.21 BTC. Soon we're going to have to start talking satoshis. Something like 2.1M sats, 210K sats, etc.

Seems really logical regarding a kind of transitioning from fractions to whole units.  The vast majority of normie peeps (maybe apart from mathematicians, statisticians and other numbers-oriented scientists like proudhon) have a decent amount of difficulties to work with fractions as easily as they are able to work with whole units.

Another kind of ironic dynamic seems to be that there seems to be a kind of natural progression from BTC to satoshis and skipping some of the labelling of the in-between units - and perhaps it really is NOT necessary to come to consensus regarding how to label the various in-between units.. at least not at this time, and dealing with satoshis might not even be that difficult.. such as working with large numbers of up to 100 million satoshis before we just convert over to bitcoin references.... o..k. o.k.  maybe I am getting a bit ahead of myself in terms of some of the practicalities that might come from some kinds of labelling of some of the in between units.. because there is a bit of a bigness in even dealing with millions of satoshis.. sometimes those large quantities will not sink in very well and then when it comes to labels, it could still be a bit cumbersome to be dealing with 8 digits before getting into bitcoin as a unit... so practicalities are likely needed, practicalities.... but surely, there can be some resonance to for some newbies to proclaim that they are striving to reach their first goals of 1 million satoshis or even 21 million satoshis.. does not really seem to be lacking in concreteness, especially if talking about wealth accumulation goals (or early-stage investment goals).

Owning whole coins used to be a routine thing. Now it's a holy grail. Soon it will be unreachable.

Check your privilege AlcoHoDL.. hahahahaha.. I hate to use that SJW expression.. but what the heck.

It is already very unreachable for the vast majority of peeps in the world - outside of the fairly well to do in the West.. and even the elite in the non-west to be able to easily get to whole coiner status.  Sure, there was a bit of a window between May and July-ish of this year, and it is seeming quite likely that tho0se kinds of windows are closing.. I am not completely sure that we might not get some buying opportunities in the $40ks or even in the lower $50ks.. but jeez.. in the $30ks is seeming less and less likely.. and gosh even being able to stack those levels to get to whole coiner status would be from peeps who have already accumulated decent amounts of wealth in property, 401ks, equities and perhaps some other assets but not from normie wage earners who are building their wealth and we know it can take a whole hell of a lot of time to build wealth, even to get to one years salary.. which one years salary might be way less than whole coiner levels in the non-west and even in the west maybe we could presume a kind of average of decently higher level earners to be slightly above the amount of a whole coin.. and moderately well-to-do (or is that just another way of saying middle-upper class?) couples might be earning in around the $120k arenas...

Think. Accumulate. HoDL. Don't end up being future sat beggars.  

Actually that is another decent reminder for just the mere practicality to ongoingly engage in building (stacking) of sat quantities - but there seem to be so many normies who are not even getting that message.  Yeah maybe or maybe not they will get to a kind of goal of getting to 1 BTC.. but surely they are not going to get to 1 BTC if they do not get the fuck started as soon as possible and just have a kind of plan in place that might even involve goals of stacking for a minimum of 4-10 years and surely if they set their goals fairly modestly then they would have decent chances of reaching and exceeding their goals several times.. but there is a certain kind of benefit to consistencies and persistence... and even if some people do end up reaching/exceeding their goals through gambling, I have never recommended that kind of methodology.. because establishing and following through with the ongoing employment of a prudent and even a potentially quasi-aggressive incrementalist approach will still likely end up presenting such planner/accumulator into circumstances in which future opportunities will present themselves.. even if the opportunities (such as buying sub $40k BTC) might not be in immediate realistic ways to be considering what is likely or probable... but who knows about that, either... but have to get started, put a plan in place and then be in a better position (most likely) to identify and take advantage of opportunities when they do present themselves in the future.