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

[ChartBuddy]

Explanation

[1714512203]

1714512203

[1714512203]

1714512203

[1714512203]

1714512203

[dragonvslinux]

New hashrate all time high based on 7-day moving average. Notice the sharp uptick since the drop a week ago. It took 6 months after the China ban, but network security is back to ATH.



Last time it took 6 months to return to ATH was back in September 2020 at around a $10K Bitcoin price, after the March covid capitulation. Other on-chain metrics otherwise remain very bullish, as analysed recently by Will Woo using institutional-grade Glassnode data on his new channel. If anyone is still waiting to the buy the dip, I have no idea what else there is to wait for anymore.

If you're waiting for a bear market, you might be waiting a long time.

[ChartBuddy]

Explanation

[vapourminer]

Positive for the last 7 days atm, nice!

that itching/burning sensation?

[dragonvslinux]

Anyone else notice the orders books at the moment? Here's a look at Coinbase; approx 3K buyers to $40K and 1.5K sellers to $60K.



Pretty sure a week ago this was balanced, or even favouring the bears post-crash with many sell walls, so either a lot of sellers already sold or spoofers are removing orders. 1 week can clearly change a lot, even at the same price. Otherwise struggling to find anything bearish on mid to long-term time-frames now, even the shorter term time-frames are beginning to turn around with shorts now starting to fail.

Maybe another fake-out next week back to support just to shake out the rest of the weak hands though, can never be too sure.

[philipma1957]

Well one day at a time.


http://www.haroldsfamousdeli.com/


sandwich for today is from the menu above.



NEW YORK'S BEST.....Junior...........Large.....X-tra Large
CORNED BEEF           21.95...........38.95......82.95

Buddy wants the extra large it feed 5 to 8 people.

this will give us a nice candle and I invite someone to pick from the menu above for Sunday.

[ChartBuddy]

Explanation

[somac.]

New hashrate all time high based on 7-day moving average. Notice the sharp uptick since the drop a week ago. It took 6 months after the China ban, but network security is back to ATH.



Last time it took 6 months to return to ATH was back in September 2020 at around a $10K Bitcoin price, after the March covid capitulation. Other on-chain metrics others remain very bullish, as analysed recently by Will Woo using institutional-grade Glassnode data on his new channel. If anyone is still waiting to the buy the dip, I have no idea what else there is to wait for anymore.

If you're waiting for a bear market, you might be waiting a long time.

Came on to post the same thing. Keep up you posting of your analysis/charts, I greatly appreciate it.

[Biodom]

Positive for the last 7 days atm, nice!

that itching/burning sensation?

what are YOU talking about?
...i was about the btc price as we are at WO, not an STD, lol.

[ChartBuddy]

Explanation

[Hueristic]

Positive for the last 7 days atm, nice!

that itching/burning sensation?

what are YOU talking about?
...i was about the btc price as we are at WO, not an STD, lol.

One CAN lead to the other!

[Copetech]

Positive for the last 7 days atm, nice!

that itching/burning sensation?

what are YOU talking about?
...i was about the btc price as we are at WO, not an STD, lol.

One CAN lead to the other!

Don't worry, pretty sure they make a cream for that...

[Syke]

If and when Bitcoin reaches tens of thousands of dollars each how disappointed will you be that you didn't invest?

I will be very disappointed, indeed.

These days of sub-$50k are numbered. Don't be like Jorge.

[ChartBuddy]

Explanation

[cAPSLOCK]

... very important concepts elucidated in this interview, Jason Lowery appears to be as visionary as they come in the bitcoin field

https://youtu.be/dqt23rVxmpY?t=3565

... proof-of-energy (energy production power projection) as a means for projecting superior power to back monetary units will be a huge evolutionary leap over proof-of-war, military power projection backed monetary units ... which has reached it's ultimate stalemate in nuclear mutually-assured-destruction endpoint anyway)

... the new accounting will be joules/sat not bombs/dollar

... thesis is about "mutually assured preservation"

... talks about and positive-sum games where everybody wins, not winner takes all, aka Nash equilibriums, everybody wins when homo-sapiens adopt bitcoin

No doubt.  Great advantage is afforded those who can see farther into the future.  He is still very young.  He will be a very wealthy, and possibly powerful man.

[JayJuanGee]

If you're waiting for a bear market, you might be waiting a long time.

It seems that Raja_MBZ is waiting for the BTC spot price to meet the 200-week moving average, and we know that currently, the 200-week moving average is ONLY a little bit above $18k... Furthermore, it seems that the BTC spot price is very unlikely to hit the 200-week moving average before we are actually in a decently extended bear market...

Sure it is true that the BTC spot price did go below the 200-week moving average in March 2020 (at that time, the 200-week moving average was at about $5k).. but that seems to have been a kind of uniquely rare liquidity event that none of us should be counting on very high odds of actually occurring at any time soon in the near future.

Positive for the last 7 days atm, nice!

that itching/burning sensation?

what are YOU talking about?
...i was about the btc price as we are at WO, not an STD, lol.

Speak for ur lil selfie.

[Biodom]

... very important concepts elucidated in this interview, Jason Lowery appears to be as visionary as they come in the bitcoin field

https://youtu.be/dqt23rVxmpY?t=3565

... proof-of-energy (energy production power projection) as a means for projecting superior power to back monetary units will be a huge evolutionary leap over proof-of-war, military power projection backed monetary units ... which has reached it's ultimate stalemate in nuclear mutually-assured-destruction endpoint anyway)

... the new accounting will be joules/sat not bombs/dollar

... thesis is about "mutually assured preservation"

... talks about and positive-sum games where everybody wins, not winner takes all, aka Nash equilibriums, everybody wins when homo-sapiens adopt bitcoin

No doubt.  Great advantage is afforded those who can see farther into the future.  He is still very young.  He will be a very wealthy, and possibly powerful man.

yes, an interesting fella.

@jjg...something is not computing right again...an urgent upgrade is needed.

[cAPSLOCK]

Heck yeah.

Undoubtedly WO is the most active thread in the Bitcointalk forum.
Here is the Monthly Overview Comparison of the WO Thread.

It reminds me of when I used to do this:
https://bitcointalk.org/index.php?topic=178336.msg55315921#msg55315921

I assume You must be busy nowadays. I think I can continue your unfinished work if you don't mind.

I want to say something about WO Thread. I am active here for the last 40+ days. To be honest I have never been welcomed here but some of you guys helped me a lot and teach me many things.

IDK if you guys will be surprised or not, I thought you were all guys from the same country, same city and you all know each other. That's why you guys talking to each other only. I was posting 10+ posts a day for the first few days and I remember I said "Guys, am I invisible today?" Because I was posting here and nobody cares. No one ever replies to me. After that, JJG Quotes me and he said Yeah, You are annoying. I did argue with him but that makes no sense cause that was true that I am annoying (IDK if I am still annoying). So I stepped down slowly and post less here. Yesterday, A member knocked on me and ask how can I make friends on WO thread? Are they all from the same city and they know each other? (What I was thinking before). I said nope, just be active and make some good posts. Do you guys know why he asked me that? He posted a few times and he didn't get any replies from anyone. I don't think the WO thread is for Legendaries and Heroes. But look at the WO Thread. There are only Legendaries and Heroes. No one pays attention to low-ranked members until he is recognized.

Anyways, I am sorry if I hurt you guys.

What you are describing is human nature.  You are new here... I too am newer here than many others.  I have been on this FORUM for over 10 years, but came initially as a poker player, and posted primarily on the thread for the 'Seals with Clubs" poker site (now defunct, replaced by it's successor "Swcpoker" which I really do not play at much anymore since they decided to accept BCASH rather than simply implement lightning. Bad move).

But many of the people here are like a virtual family.  Complete with the annoying loud uncle, the brother in law with the shady business idea, the one with a drug habit, and the one that would be better off locked in the loony bin.

And the people here have earned the ability to be recognized by the others.  Is it worth the time and trouble?  You tell me.  I think so, and I hope to meet some of these folks in person some day.

I know you have even received some merits here.  I have sent a few, and I am sure others have as well.

It's up to you naim.  Stay and earn a place among the Watchers of the Wall, or laugh at us and leave to find a community more to your liking.

But this forum is also populated by scammers.  And from time to time they come to this thread.  Some begging for money, some trying to find out personal details for the members here.

And some are trolls who come just to annoy/entertain.

So if you find this thread intersting, then visit from time to time.  Read the posts.  Respond to the ones you find interesting.  Disagree with those you think are wrong.  Be respectful, and make yourself a valuable member of the community.

[cAPSLOCK]

Can we have our little playground?
I hope so.

I would love to hear a nice and NEW story about what we can do with bitcoin.

I still cannot really comprehend what that military dude who @MA linked to was talking about.
Few examples below.
He said something like: "bitcoin is human antlers"-to simplify meaning those with more bitcoin would "dominate" those without.
Interesting, but a bit of an outlier thought.
Also compares btc/watts with current situation of using lives to protect property.
The former is superior as per his position.
Another: "Bitcoin is a defensive network", "It is defending people who decided to use this network to hold their property (in btc)".
Using watts instead of lives to protect property.
Quite interesting.

He basically makes the point that Bitcoin is revolutionary as it move the battle that all animals engage in into the pure form of math and energy and away from kinetic/physical violence.  It's pretty deep, and correct, in my opinion.

The idea is the things at the top of his drawing have to be defended with flesh and blood, while the lower half is a new sort of "property" that we can COORDINATE to defend with power and consensus. 

I OFTEN think about how this fourm and particularly this thread (perhaps?) will be studied by future generations who find it interesting to see what we were thinking before the rest of the world even had a CLUE about the change Bitcoin brought.

For them, it's hindsight.  For us it's foresight, and even we "early adopters" do not really understand how big the paradigm shift Bitcoin is bringing will be.  They will be fascinated when they see us discovering certain aspects of what the Bitcoin network is destined to become as we went along, and also some of the mistakes we made along the way.

[Hueristic]

Positive for the last 7 days atm, nice!

that itching/burning sensation?

what are YOU talking about?
...i was about the btc price as we are at WO, not an STD, lol.

One CAN lead to the other!

Don't worry, pretty sure they make a cream for that...

Or a scalpel.