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

[AlcoHoDL]

Currently covid positive (and my son too). Light flu symptoms.. nothing to worry, it seems.

Suffering from power outages in my 3rd word city of Buenos Aires.. damn heat waves all week long.. isolated due to covid.. and the corn doing nothing..  what could be worse?

The same, and the corn going down.

Be well soon, you and your son! Lame omicron, it's just a flu(TM) hopefully.

Thanks for the good vibes.
I hope the best for you too.

Money it's the important thing, health come and go. Or was it the other way??  

All the very best to _javi_ & son, and d_eddie. Hope it clears away soon. Omicron seems to feel like Just A Flu^TM, as you say, so hopefully all will be fine in a few days.

[1714498979]

1714498979

[1714498979]

1714498979

[1714498979]

1714498979

[1714498979]

1714498979

[ChartBuddy]

Explanation

[OutOfMemory]

The Kings Man was good, watch it instead.

I remember that i watched it. I kept it on harddrive, so it was good enough to keep an re-watch it.

Scratch that, i confused it with "Kingsman" (Part 1, that is).
Waiting for a quality rip of The King's Man now... 

[d_eddie]

I am actually kind of wishing that some entities that are not sufficiently covering their exposure to bitcoin by engaging in some kinds of fractional reserve practices
-snip-
get reckt as fuck..

I still say that the next 1-9 months are critical^tm.

+1 on both points

[LoyceV]

When I first saw the broken poll, I wanted to tick $225,000 too. Then I wondered wtf happened to me that made me so bearish, and decided to take >300,000

[Flangler1]

No down before up? Muh famili, y'know, short, gu gu gu...

Not today my friend, the on-chain analysis is pointing too high, and has been for months now. It's looking like pre-halving and March 2020 all over gain (just without the 50% supply shock).
In summary while the price technicals have looked shit for weeks, the on-chain analysis hasn't looked this bullish in 18-22 months. Megalolz incoming.

Which ones are bullish right now? I would say that most of them are rather neutral than bullish for example https://www.lookintobitcoin.com/charts/relative-unrealized-profit--loss/

[ChartBuddy]

Explanation

[JayJuanGee]

Not good at quoting twitter :

https://twitter.com/mikealfred/status/1477817990695428098

Mike Alfred
@mikealfred

I talked to 15 billionaires last week.

Every one of them asked about #Bitcoin

Not a single one asked about Cardano, Ripple, Hex, Doge, or NFTs

2:44 AM · Jan 3, 2022·Twitter for Android

Now that I think about it, I might be talking to 15 billionaires, right here on this thread !

Currently, entry-level billionaire status is just shy of 22k BTC, and there are some of us who consider that BTC has another 1,000x to 10,000x to go from here.. so of course the billionaire status level will be coming down in terms of the quantity of coins required for billionaire status for folks who are ready, willing and able to hang onto or to continue to build that many coins.. and sure could be some of us who might not quite be there but willing to continue to HODL and/or BUIDL up to such a status....

Just consider that amongst the more optimistic of scenarios of the 10,000x from here, would put 22 coins at billionaire status. Might take more than 50 years to get to that kind of 10,000x from here...so are many of us still going to be alive and have any vigor at that point?  

By the way, 10x from here puts bitcoin at about parity with gold, and so many of us assess bitcoin to pretty easily be 100x of gold.. and likely 1,000x of gold (which would be a 10,000x from here scenario), but getting bitcoin's price 10,000x up from here to 1,000x of gold could take a bit of time...and also put bitcoin at about a quadrillion dollar market cap.. which seem like even a bit more than total storage of value/currency asset classes in existence yet  even bitcoin reaching 10x gold could take more than a couple of cycles .. but not impossible... and also there are a few justifications for bitcoin reaching a quadrillion dollars in today's value (yes no need to assume the value of the hyperinflated currencies to get there) - and one of the ideas would be that value that is in existence can continue to increase outside of inflationary practices because new value is created with new technologies (even though there could be some limits on the value that can be created.. but there are likely some pretty high exponential aspects to such value creation that comes through technological innovations and network effects from that too).

Just back to your assessment aesma of 15 current billionaires reading this thread.. there seem to be quite a few folks in bitcoin that could reach our current 22k coins status to make them a current billionaire.. but not sure if they are coming to this thread... there could be some 1,000 coiners participating in this thread..not sure if names are necessary... but currently that is ONLY a mere $50 million value status.

Not good at quoting twitter :

https://twitter.com/mikealfred/status/1477817990695428098

Mike Alfred
@mikealfred

I talked to 15 billionaires last week.

Every one of them asked about #Bitcoin

Not a single one asked about Cardano, Ripple, Hex, Doge, or NFTs

2:44 AM · Jan 3, 2022·Twitter for Android

Now that I think about it, I might be talking to 15 billionaires, right here on this thread !

Sure, and what were these 15 billionaires asking about before 2021? So from now on, I am supposed to support BTC even more, because of these billionaires' topic of conversation?

Am I really the only one on these boards who doesn't give a shit about what these 15 billionaires asked about?

Seriously, what a lame tweet

edit: probably the first time EVER that I used the word 'lame' on these boards. #nohomo tho

I don't completely agree with the level of your being turned off friends1980, even though I get what you seem to be stating regarding how much overemphasis many of us sometimes place on the rich and famous.... so surely a lot of us have been into bitcoin for several years before many of the billionnaires who are now coming into BTC... no problem with front-running those folks.. but they are likely richer than us and likely to continue to be richer than us if they are coming into bitcoin fairly BIG these days, but likely not going to really hurt us.. what do we mind if a number of billionaires start to both show how big their dicks and status are and try to hoard all the bitcoins.... It should not really hurt us longer term HODLers too much..so long as some of their games (including that dweeb Elon) might start to play in their coin hoppenings.

On another note, we used to talk about millionaires in the way that billionnaires are currently talked about, but gosh does anyone below $100 million matter anymore?  So it well could be that the billionaire has become the new millionaire.... and surely in the next 4-10 years, we are likely going to have at least a quadrupling of the billionaire class... and surely are many of the new entrants going to be bitcoiners?  Fuck the shitcoiners, but some of them will be in there, too.

[LFC_Bitcoin]

@WillClementeIII
Someone just aggressively shorted the bottom trying to trigger a long liquidation cascade.

They failed and are now covering their short.

https://twitter.com/wclementeiii/status/1478444415526055937?s=21

[philipma1957]

The Kings Man was good, watch it instead.

I remember that i watched it. I kept it on harddrive, so it was good enough to keep an re-watch it.

Scratch that, i confused it with "Kingsman" (Part 1, that is).
Waiting for a quality rip of The King's Man now... 

First two were decent.
Hoping third is good.

Matrix 1 good
Matrix 2 not good
Matrix 3 worse
Matrix 4 better then 2 or 3 but not close to 1

[AlcoHoDL]

The Kings Man was good, watch it instead.

I remember that i watched it. I kept it on harddrive, so it was good enough to keep an re-watch it.

Scratch that, i confused it with "Kingsman" (Part 1, that is).
Waiting for a quality rip of The King's Man now... 

First two were decent.
Hoping third is good.

Matrix 1 good
Matrix 2 not good
Matrix 3 worse
Matrix 4 better then 2 or 3 but not close to 1

If Matrix 4 is better than 2 or 3, then it's definitely watchable.

[philipma1957]

The Kings Man was good, watch it instead.

I remember that i watched it. I kept it on harddrive, so it was good enough to keep an re-watch it.

Scratch that, i confused it with "Kingsman" (Part 1, that is).
Waiting for a quality rip of The King's Man now...  

First two were decent.
Hoping third is good.

Matrix 1 good
Matrix 2 not good
Matrix 3 worse
Matrix 4 better then 2 or 3 but not close to 1

If Matrix 4 is better than 2 or 3, then it's definitely watchable.

It was decent.

the bill and ted released last year was wonderful. did really did well with it.


Men n Black

1 good
2 better
3 best
4 shit

star wars lost track they did too many I dont give a shit anymore.

[JayJuanGee]

Eeek...

Tradingwise still up for a long ?  

Well.. It did a nice bounce.  Let's stop knocking on that door though!

That's a good way of phrasing the matter....

We do seem to want to keep knocking on the $45k-ish.. and yeah? how long is it going to last before something else happens?  or does something have to happen?  I remain of the opinion that bitcoin does not tend to do flat very well for very long, even when sometimes it can seem like we are at flat for an eternity.. at some point, she breaks.. just hope that we do not need 3-9 months before the break comes.. because sometimes that length of time will feel way too awkward.. and sure we have already been around our current price arena (let's call it $45k to $52k) for about a month.. December 3, remember that red candle?  I know.. I know.. I don't really like it either.. but it is what it is... and we have had plenty of whiners and naysayers coming out of the woodwork for this event and our consolidation that has followed so far... Some shakenings seemed to have been successful too.. so far.. how many more need to be shaken?  Are there any left? to be shaken?

https://twitter.com/BTC_Archive/status/1478022684273479683

Can you see how carefully is the word play on this??      

There is nothing said about "withdraw", "ownership" or any willingness for empowerment to its clients/users/consumers. They are into the slave business, not the freedom business. They just keep trying to survive and keep a foot in the door for a bit longer so they can try and crawl their way in into the new system.          

Don't be fooled by them giving you zeroes on your phone app or card to spend, while they keep the goodies in a safe, that is safe away from you.    

They will start a war in the moment they are forced to give up the physical bitcoin from their wallets!!!      


People should educate themselves on how to become their own banks!

Another rare find...

Save the RF making senses.

I cannot really disagree with anything that you say, including the motives of the bankers to NOT let people self-custody their coins... and so surely in the early days of Banks getting into bitcoin, they are not likely to make self-custody easy  - but I also have some senses that many Banks are going to be forced through competition to become more flexible with various systems that they have in place, that is if they want to continue to serve people or to have developed enough confidence for people to want to use their services (otherwise they will extinct themselves).

Another point seems to be that we should not necessarily be claiming that incumbent bankers who are entering into the bitcoin space are the ones who are NOT sufficiently innovating... because largely they are getting somewhat forced to get involved in bitcoin, and in that regard, some of them might end up developing systems that are not totally hostile to people - even though surely many bitcoiners realize that there are a lot of risks in holding custody of assets/currencies with third parties, whether banks or otherwise, but there are a lot of difficulties, even these days in being your own bank... and even some experienced bitcoiners remain quite nervous on a regular basis about some of the evolving technologies around bitcoin wallets and even concerns that there might sometimes be some vulnerabilities in some of their holding practices.. including even some experienced bitcoiners erroring on the side of too much security that causes their lil selfies to lock themselves out of their own coins... which surely would not be a good feeling, even when the amounts might sometimes be relatively small in terms of total BTC portfolio size.

[ChartBuddy]

Explanation

[Richy_T]

Sometimes it annoys me that Bitcoin is floating around 46,000 dollars but then I remember that Bitcoin is around 46,000 dollars.

[JayJuanGee]

He? Who is "he"?

The royal "he"

The other...


it's kind of like a sir

The_level_of_CB_flooding_is_too_damn_high.gif

Wake up WOs!! Or are we only active when choppa is in the air?

Currently covid positive (and my son too). Light flu symptoms.. nothing to worry, it seems.

Suffering from power outages in my 3rd word city of Buenos Aires.. damn heat waves all week long.. isolated due to covid.. and the corn doing nothing..  what could be worse?

I am sure that there could be worse.

Last time that I checked, there's a new block right around every 10 minutes.. Seems amazing to me, depending upon how you look at the matter, of course.

[edited out]

I agree that they're late to the party. Fortunately for them, if they now put even 1% of their wealth into BTC, they should be golden.

And that's what's good for us. Let's say these billionaires have a combined wealth of 30 billion. 1% of that is 300 million. 300 million of fresh money to pump BTC.

There's an expression about bitcoin is for enemies.. which surely there is some truth to that because we should hardly give any ratt's asses about who's getting into bitcoin, so long as they are... except surely, the sooner some of your enemies get in, then they are going to surpass you in wealth (if they don't already)...

No win situation, right?


WRONG.

In some sense, so long as each of us is looking out for ourselves and trying to figure out how to best accumulate our own bitcoin stash without going overboard of course, then matters should work themselves out and our involvement in bitcoin should give us more options rather than fewer...

Surely, there are plenty of both friends and enemies who are going to be entering into bitcoin way later than us.. and for some of them it is going to be way to late to catch up to some of us relatively earlier adopters.

Some of us might be thinking:  "holy fucking shit, it costs nearly $10k to get a mere 0.21BTC.. how the hell am I going to get up to that level?"  Yeah, maybe you are going to be able to do it, and maybe not.

Not to be arrogant, but I have already asserted that I have gotten more than 0.63 BTC, so in that regard, there are a lot of folks (both friends and enemies) who are likely never, ever, ever going to get up to my level of BTC.  

Sure, I am not presuming that I am going to be able to stay above 0.63BTC, and life happens, but still my stash has given me more options than a lot of other people have or will ever have.  Not wishing ill on anyone.

Another angle is that there are a fuck ton of folks who can just buy straight out my quantity of BTC or even more, and some of the late entrants will come into the bitcoin scene and buy 140k BTC over a year and a half (like relatively newbie Michael Saylor/and his company did)... and surely, it is going to be difficult for any richie-status person to top that level of BTC accumulation performance... and part of the reason that I am saying this is to point out some of the relative nature in terms of what level of BTC that any of us might be able to accumulate.. and the options that such accumulation might give to us relative to our current status or our status if we had not engaged in BTC accumulation.  

Each of us has to make choices (an an assessment.. and non-action is also a choice) regarding our own level of accumulation and to maybe recognize and appreciate that some people will just be getting into BTC 4-10 years from now, and I have quite a few doubts regarding the ability for normies to easily accumulate something like 0.21BTC in 4-10 years from now (even though it is not really easy to know or to have any guarantees regarding what is going to happen).. even though currently, 0.21BTC is somewhat reachable for a lot of normies currently (at least for now, even though I do not want to presume that everyone can invest $10k-ish into bitcoin - even if such newbies to bitcoin were to have 1-2 years to spread out such investment into bitcoin based on their cashflow(s), so in that regard, each of us should be attempting the level of BTC accumulation and maintenance that is reasonable, practical and doable for us based on our own situation(s) and our own assessment of our situation(s), even if we might need to tweak our assessment of our situation(s) from time to time).

[BobLawblaw]

[ChartBuddy]

Explanation

[OgNasty]

Feels to me like we’re seeing some accumulation going on here at these levels. I wish it wasn’t happening at a downward slant but the longer we go sideways while the market becomes more bearish, the bigger the explosion will be when the market changes gears. We just need a catalyst for the market to decide which way it wants to run.

[savetherainforest]

[...]

https://twitter.com/BTC_Archive/status/1478022684273479683

Can you see how carefully is the word play on this??      

There is nothing said about "withdraw", "ownership" or any willingness for empowerment to its clients/users/consumers. They are into the slave business, not the freedom business. They just keep trying to survive and keep a foot in the door for a bit longer so they can try and crawl their way in into the new system.          

Don't be fooled by them giving you zeroes on your phone app or card to spend, while they keep the goodies in a safe, that is safe away from you.    

They will start a war in the moment they are forced to give up the physical bitcoin from their wallets!!!      


People should educate themselves on how to become their own banks!

Another rare find...

Save the RF making senses.

I cannot really disagree with anything that you say, including the motives of the bankers to NOT let people self-custody their coins... and so surely in the early days of Banks getting into bitcoin, they are not likely to make self-custody easy  - but I also have some senses that many Banks are going to be forced through competition to become more flexible with various systems that they have in place, that is if they want to continue to serve people or to have developed enough confidence for people to want to use their services (otherwise they will extinct themselves).

Another point seems to be that we should not necessarily be claiming that incumbent bankers who are entering into the bitcoin space are the ones who are NOT sufficiently innovating... because largely they are getting somewhat forced to get involved in bitcoin, and in that regard, some of them might end up developing systems that are not totally hostile to people - even though surely many bitcoiners realize that there are a lot of risks in holding custody of assets/currencies with third parties, whether banks or otherwise, but there are a lot of difficulties, even these days in being your own bank... and even some experienced bitcoiners remain quite nervous on a regular basis about some of the evolving technologies around bitcoin wallets and even concerns that there might sometimes be some vulnerabilities in some of their holding practices.. including even some experienced bitcoiners erroring on the side of too much security that causes their lil selfies to lock themselves out of their own coins... which surely would not be a good feeling, even when the amounts might sometimes be relatively small in terms of total BTC portfolio size.

I Keep my private 20 keys written in Elven language and Orcish ofc... Also I have a very long wallet password that I almost never use. I'm more concerned about the 1TB HDD that will not be enough soon...