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

[ChartBuddy]

Explanation

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[empowering]

[aesma]

I just paid 25 dollars for 2 hamburgers, a few chips and a rice salad with a couple of vegetables, at the Havana airport. You see, the price is in CUP (Cuban pesos) but they don't accept that currency, the moneda nacional. They want dollars, euros, or credit card. If you pay in cash, they give you change in CUP, that you can't use !

Everytime we ate at government restaurants, the food was pretty bad, but it was very cheap (in pesos). However that's in part because the real value of the CUP is 4 times less than the official rate. At the airport, they apply the official rate. Some people get here, and first thing they do is change 1000$/€ for pesos, getting 25000 pesos, when at the street rate they would get 100000 !

So our burgers were something like 600 pesos = 6 dollars. But we paid the official rate of 25:1 and it ended up at 24 dollars.

Makes you understand (the whole trip) the madness of an ever devaluing currency. Everyone here has at least 2 jobs, one given by the government, and one on top so they can actually live, since the government job pays literally peanuts.

Wow, that's some expensive burgers! I guess it's a wise thing make sure you have a lot of USD on hand before you visit. How was Cuba though? Any 'must see' or 'must do' recommendations?

Back when I was working, I had a work mate from Cuba. He had some pretty wild stories, growing up in Cuba in the 80ies, in the midst of the Cold War. I wonder if the country is as poor and isolated as is was back then.

Also, another thing that confused me is the Guantanamo Bay. How come the US has a military base in Cuba considering the relationship with the two nations? I guess I can google, but it just strikes me as odd.

The US pays top dollars for Guantanamo.

Otherwise you're better bringing euros than dollars (since Trump declared Cuba a supporter of terrorism).

I can't really recommend visiting Cuba unless you're really interested in experiencing the madness of the system. Everything is falling apart. I mostly slept in "casa particular", these are well kept, but in old Havana half the buildings are in literal ruins. Due to COVID some of the attractions were closed, like the history/revolucion museum.

You can't get into a supermarket, they're only for Cubans, and they have to queue for hours. These supermarkets have like 4 products total... So all your meals have to be provided by Cubans or restaurants.

The water situation is complicated, there is "running water" as long as the place you're at has a tank on the roof and a pump to fill it. That water isn't drinkable. You spend your days looking for bottles of drinking water.

It's nice to see old US cars everywhere (and a bit less old soviet ones), however if you know your stuff, you soon realize that you're not hearing much old V8s or 6 in-lines : that's because most of these cars have had a diesel engine fitted, often of Asian origin.

The air pollution is unbelievable considering there aren't that many cars/trucks : no catalytic converter in sight, of course.

The more rural parts, the nature, are very nice, full of birds. And horse carriages...

The beaches are also great. For the last few days we went to a Varadero all inclusive hotel so we didn't have to deal with all the "Cuban complications". But even there everything is a bit dodgy, aircon leaking, rust in the bathtub, electric wires all over the place. It's clearly unsafe to bring kids there.

The Cuban people are very nice, and personal safety seemed fine. I couldn't find anybody supporting the government, they all know it's fucked up, another "revolucion" might be coming.

[Copetech]

Damn! I Wish I had some Merits to give!!!
That's some funny shit right there!
WOs +10

[Richy_T]

Hope so.... Twitter as it is , is a dirty echo chamber narrative control censorship crazy virtue signalling shit hole, absolute dirt.

The dirty secret is that it can't not be. That's why I'm not interested in any of its competitors.

[cAPSLOCK]

"Anyway... nice talking to you as always".

I really dislike this stupid space rock RN, with an intense passion I wish I could productively redirect elsewhere.

That I cannot productively redirect my frustration, is starting to become a serious concern for me.

Fuck.

Merited because of understanding...

[NoorulHuda]

Highest ever build up of open interest relative to market cap.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

I feel like we’ll see some established posters pull a mindrust in the coming months. Who’s your money on?

Just remember, short to medium term price moves mean nothing. Fiat is dog shit, 1BTC = 1BTC. If we enter a bear market now, use it to your advantage & increase your stash.

For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.

Keep calm, HODL & stack, King’s.

[Hueristic]

They data mined the congressman then cat-fished them

https://youtu.be/wqn3gR1WTcA?t=1383

[Hueristic]

https://m.youtube.com/watch?v=5_cyE10Ljms

That was a great video, this guy gets it!

[serveria.com]

For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.

Very, very unlikely. With all the corporate guys onboard, billionaires, Russian oligarchs etc etc... I doubt we're getting any lower than ~$40k. Most probably we have already seen the bottom (@ $38-39k) and resuming UP now. All in all, I'm very skeptical about the "classic" 4 year cycles.  

[ImThour]

For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.

Keep calm, HODL & stack, King’s.

Great piece of advice, I am somewhat on similar boat and expecting a price of $24-$26k as it's the 200 MA on Weekly which always gets retested before halving.
I am sure it will never go below $20k. For 2026, $200k is achieveable. That's my plan/opinion and I wouldn't recommend anyone to follow me at all.

And yes, keep stacking

[cAPSLOCK]

What if Jack Mallers is an attack?

[ChartBuddy]

Explanation

[ImThour]

Bitcoin Average RSI is 30 ~ Oversold

https://twitter.com/RsiBitcoin/status/1513625922271862799/photo/1

[OutOfMemory]

For what it’s worth, I think we’ll go under $30,000 at some point in the next 12 months. We won’t go sub $20,000 though. $100,000 & much higher is a guarantee in 2024/25 after the next halving. Be smart, if you panic then you’re looking at too low a time preference. $100,000 & beyond in under 3 years, any kind of significant dip now is a gift.

Very, very unlikely. With all the corporate guys onboard, billionaires, Russian oligarchs etc etc... I doubt we're getting any lower than ~$40k. Most probably we have already seen the bottom (@ $38-39k) and resuming UP now. All in all, I'm very skeptical about the "classic" 4 year cycles.  

Next 24 days are critical.
In the higher timeframes we are moving upwards since a few months mid-January (...following something that looked like a fast-forwarded capitulation dump to me). We know our bears are patient. They'd be best advised to dump "sparingly", not to scare off new money and take higher profits (compared to a full scaled flash-crash dump). They want to drain the market, not let it dry out completely, and these days, with the global hashpower, it's easier to move the price down, compared to up.
I think the most likely reasons for the price still going up gradually on the 1d+ charts is the increased awareness and new money brought to Bitcoin, lately.
That might as well distort the "4y cycle picture" we got used to.

Maybe there will be no more mindrusts this cycle, because we are already beyond the cycle low due to adaptive bears and growing buying interests. Only earlier this time. This cycle seems blurred, compared to 2017-2020.

Summary:
1BTC = 1BTC

EDIT: Edits in bold.

[shahzadafzal]

~~~~

Congratulations on 25,000 posts JJG.
I will make a tool to count the number of words you have posted in total 25k posts on a weekend.

ill save you the trouble

the number is:  #####OVERFLOW####

I think I have this.... I have all his posts saved in txt… for JJG, El duderino_ and few other legends of WOs too... I did this when I was doing this "The births of the hats" story ... for the matter of fact that time I even counted the "f" words for JJG... how many times he used f word... but I did not post...

but certainly can do it now on his 25,000 posts should I?


raw data

[Hueristic]

^Stalker 

[wagmi]

Welcome to the forum and to this thread wagmi. 

At the time that I am responding to your above post, you ONLY have 3 post (and the above post is your first one). 

It might be a good idea to provide us some ideas about your bitcoin history.. yet of course, that is up to you regarding how much you might say in any given post, but just so we get some ideas about how you got to this thread and how extensive your bitcoin history might be (or might not be).  Some members come to this thread with almost no bitcoin history at all, even though they might be mostly bitcoin focused.  When I first came to the forum in early 2014, I rarely ventured outside of this thread to other parts of the forum for several years.... so no problem if you want to make this your primary posting location... several members of the forum ONLY post in this thread.

Also hi and yes, it's nice to be at Bitcointalk, where Satoshi was active himself.  

I can tell you ofcourse how I registered here. For signing up, I used a VPN (because of privacy) but unfortunately, my Account was blacklisted by devil fees and I could not post at first. It was recommended to pay a fee or ask someone to whitelist my Account, where LoyceV offered to whitelist Accounts if we can convince him to whitelist us.
My first try was rejected but I tried again and convinced him luckily.  

I signed up at Bitcointalk because of Bitcoin.
I can also use reddit but reddit is a little bit confusing when you add a comment, new comments can be added for each comment and it's just a mess for most replies. By using lines and connecting related posts, reddit tried to make it better (and also a new design) but it's still a mess.
Pictures are not enabled to post at reddit, a big noo noo. I like pictures to be contained in a post.  
Recently, a good long-term trading post (TA) for HODL was posted by someone on reddit but it was deleted soon after, I really don't know why.  
Unbelievable!  

Bitcointalk is easier to follow and to post pictures but Bitcointalk's design is very outdated.

For Bitcoin, I can say: I really like it!
Bitcoin is a very elaborated technology, where we don't know how Satoshi was so wise to design it. It's really rare to get such a good tech like BTC, it really has a chance to be an universal good.
In opposite, I'm sceptical about Altcoins.
Altcoins have made huge promises but not delievered.

Most Altcoins are a sophisticated scandal waiting to explode and we are screwed if we are not far enough away from it.
Like for example Ripple, it's a dishonest, centralized Shitcoin.
Or Polkadot, it's better but it's not capped, infinite supply to enrich bagholding stakers like devs and frens. What a swindle.
Or Solana. Solana is a complete fail, it failed for two times already for several hors, nobody could send a tx. People still cheer Solana, buy it and nobody cares. Solana is a joke!  
Ofcourse, Craig Wright is also a scammer, he should go to prison or at least pay a huge fee for his continued lies.

I could add much more Shitcoins, much more Scams and so on but we all know about Shitcoins.
It's just a question of time, when a Shitcoin will be forgotten or failed.

And I hate r0ach, he's an idiot.  

Finally, I have to admit my fear about trading and also hacks, so my first choice is: HODL  
So you know it now.  


Days like today are a good reason for HODL.  
And days like today are a good reason to avoid Shitcoins.  

I merited all three of your posts and you now are at 10 merits. This allows you to make rank by simply posting more over the next few months.

A) I don’t care if this is an alt account.
B) Posting in any thread 🧵 is okay and you posts make sense.
C) Please post again.

Wow, very generous from you to give me some Merit.
I will try to distribute it wisely and ofcourse I will post again to shill BTC (or bash Shitcoins).