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

[Torque]

EDIT: This made me think...how does everyone feel about explaining crypto to newcomers nowadays? Or participating in crypto discussions in general?

I am quite burned out on this. Back when I got into BTC I gave literal lectures to audiences about it. I would talk with anyone interested, sometimes for hours. But today? I feel like I've heard it all before one too many times. Replying to the media-driven FUD du jour. Hearing the same tired objections for the 1000x. Seeing the gargantuan chasm in understanding that even well-educated and smart people have to cross to get from normie-brain to Bitcoin understanding. I rarely engage with any of this anymore. Thinking there are enough resources to help you understand. In the end, everyone buys BTC at the price they deserve to.

It would be difficult to engage in such discussions with newcomers today. The MSM has done such a mindjob on people in general, and put so much false FUD out there, that it would be difficult to overcome that.

The other problem is that no one is interested in bitcoin unless they've already started to have doubts about the existing financial system status quo. No one new is interested unless they're looking to invest in things beyond a mere 401k or IRA. And lastly, hardly anyone new is interested in bitcoin unless they believe that they can get-rich-quick.

So in a room of 20 people, this literally might only be one person. The other 19 people with sit there and scoff, laugh, call it a scam, and bring up all the FUD.

I no longer believe that you as a person find Bitcoin; I believe that Bitcoin finds you.

[1714061539]

1714061539

[1714061539]

1714061539

[1714061539]

1714061539

[ChartBuddy]

Explanation

[d_eddie]

beautiful <3

https://twitter.com/naiiveclub/status/1475404164276445188?s=20

Hmm...this page doesn’t exist. Try searching for something else.

What was it?

[Torque]

OT: I love how the media has spun the massive, ongoing corporate layoffs as "The Great Resignation". 

Another ‘Great Resignation’ wave is coming in January, Muse CEO says. Here’s how to prepare
https://www.cnbc.com/2021/12/27/another-great-resignation-save-is-coming-in-january-muse-ceo-says.html

[shahzadafzal]

beautiful <3

https://twitter.com/naiiveclub/status/1475404164276445188?s=20

Hmm...this page doesn’t exist. Try searching for something else.

What was it?

Damn it he deleted it.

It was a meme Bitcoin + Penguins

Any way let’s watch this…
1 BTC = 1 BTC
https://twitter.com/apompliano/status/1475465865239928842?s=21

[ChartBuddy]

Explanation

[bitcoinPsycho]

https://www.theguardian.com/technology/2021/dec/27/blockchain-rock-gibraltar-moves-to-become-worlds-first-cryptocurrency-hub

[ChartBuddy]

Explanation

[cAPSLOCK]

Just because another forum member agrees with you, including your nonsense discussion of a shitcoin in these here parts, that does not mean anything about whether you are not crazy.. #justsaying.

You very frequently infer things that I do not mean.  I am not using a forum member's agreement with me as evidence of anything.  I am just saying that he basically understood what I was trying to hypothecate. 

AND on top of that, I am not even saying I think the discussed theory will happen.  In fact, I HOPE not.  I just see it as a future reality with a non-zero chance of happening...

[xhomerx10]

Confession time.

 For the first time ever, I took a shortcut in making an avatar.  The main reasons were: time (I wanted to quickly respond to a post with an avatar so someone who has become a regular WO) and difficulty (of 3D translations on 2D objects).  Before I began work on the avatar, I did a quick search for VB1001 - our hat curator who had graciously and charitably taken it upon himself to archive the WO hat collection.  I also asked some people who have been here for a while what happened to him... he's not here and the site is down.  Long story short, there would be no problem going straight to an avatar-sized hat because no one would ever need a full-resolution hat.

 So I created a full-sized blue hat with a bitcoin logo on it, shrank it to avatar size and then took shahzadafzal's shadow avatar as a layer and shrank it until it looked right.  Done!  Saved!  Posted!  He loved it! Mission accomplished.  Somehow it didn't feel right; I had always posted a full-sized and an avatar sized image...

...and then 3 days later, it happened!  I got a PM from shahzadafzal asking for the HD version of his hat (for very compelling reasons) and I couldn't give it to him.  Wow.  Very disgrace.  So dishonour.  Many shame.

 Anyway, from first principles with and without shadow because I'm not sure a shadow figure should have a shadow:



 avatar-sized



 

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[OutOfMemory]

no, no, i say no!
not three buddies in a row!
buddy breaker, yo.

#buddyhaiku

[birr]

Some people, they like the Chart Buddy
But I think Chart Buddy is cruddy
No, no, I say no!
Not three in a row!
Get rid of this cruddy Chart Buddy

#buddylimerick

[ubg]

https://www.upload.ee/image/13748146/btc.png
lets go

[xhomerx10]

lets go

 Let's go, Bitcoin.  I agree!

[ChartBuddy]

Explanation

[serveria.com]

Haha funny vid: https://www.youtube.com/watch?v=ceR1dGuplfo has it been posted before? Also, would be nice to see part 2 in 2022. 

[Biodom]

Not really, of course, right now, but in 1981, the interest rate was 15.8%, imagine that.

Savings accounts died in 1971. Numerous investment opportunities exist for those who do their own research.

Sure, but there is no guarantee. Typically, when talking about retirement funds, people don't talk about some active investment schemes.
Of course, you can get VTI and get 7% average (over long term), but to get 10-20% year in and out, those are more aggressive strategies (preferred's, selling calls, REITs, etc., etc.), which are NOT guaranteed.

[JayJuanGee]

Something tells me January is going to be a good month, and most of 2022 even better, until then price might stagnate a bit. Likewise if the year closes below $48K support, price might be in trouble.

Regarding your point about January and 2022 overall.  It could be that January will be good, but hard to really say how far into 2022 that "good" is going to play out.

I imagine that when you say "most of 2022," you are suggesting that BTC prices may well be getting into new ATHs and continuing to have some UPpity price pressures.. and maybe even having some kind of a top in 2022 that is reasonably higher than our already existing top of $69k.. and maybe even having a decent amount of sustainability that is meaningfully higher than $69k.. whether that ends up playing out as a blow off top (which you seem to be less inclined towards suggesting to be in the near-term bitcoin cards) or some other kinds of BTC price moves that at least bring us into the 6 digits..

Personally, I am considering that at some point there is going to be some kind of a blow-off top that is likely to be greater than 3x from where we are currently, and surely why not something like a 5x to 8x or greater blow off top, since we seemed to have had so much decent consolidation since our 6.5x rise from September 2020.. to the extent that we might able to consider that September 2020 price arena as a kind of base starting out point.

Regarding your mentioning of closing of the year and $48k as a potential pivot point, I hardly find that kind of pivot point as being significant whatsoever.. Surely, we ONLY have a bit more than 4 days left in the year (depending on timezone).  Maybe we should attempt to figure out some kind of a timezone that is universally acceptable.. ... UTC seems to be good since so many charting services seem to use it for the closing of the candles, right?. 

Anyhow, I recognize that sometimes some of us repeat ourselves, including yours truly, but I still hardly see any price moves as significant between $42k and $62k.. especially if we are anywhere somewhat in the middle of that... so yeah if we start to get within a few thousand of $42k or $62k then we are getting to the outside of the range that I consider that currently we are in... so maybe I might thereby assert that getting below $45k or above $58k starts to become important to consider that we might be within reach of going outside of our current range... and sure maybe in that sense I am trying to remain somewhat less inclined towards creating frameworks for my lil selfie to get excited about what seems to be shorter term possible price moves or fear factoring that might happen within what I conceive of our current $42k to $62k price range.  In other words.. maybe wake me up when we get close to breaking out on either side, otherwise movements within the range are largely noise to me, even if I might get a wee bit more excited if there is a relatively BIG move within the range.. that ends up almost getting close to one end of the range or another...