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

[BitcoinBunny]

Wars suck.

All of them.

They are pretty much always failures by default.

Even especially the "freedom" wars of the US and allies, least after WW2.

Even WW2 sucked...

Wars suck..


SLUT

Yeah, but some feels better than others.

The bankers want wars
Defense contractors want wars
Governments want wars

WARS ARE BIG BUSINESS

Objectively:
The only language gangster Putin speaks is if you Jack Bauer-ed his daughters whilst they were known to be in Europe, put a gun to their heads via video link and make him stop whatever you want him to stop with.

But "seemingly" we are too afraid to do that so this horseshit sanction carry on continues which never harms a single banker or politician.

Subjectively:
It seems many wanted this war regardless so the objective scenario was out of the question in any case probably.

[1713942187]

1713942187

[ChartBuddy]

Explanation

[OROBTC]

...

So I go away for almost two weeks yet the price of BTC barely moves.  Ah well. 

Maybe with all the cheery news around (/s) number go up once I get home.  It's not like anything macro is really getting any better (war, inflation, .gov "leadership", etc.)

I did have a chance to talk with a younger guy (40s) about BTC (and crypto), but I told him that I was BTC only, and to solicit opinions on alts elsewhere.  He seemed genuinely interested, I will inquire later if he jumps in the pool.

[ChartBuddy]

Explanation

[Toxic2040]

Research: Bitcoin Minnows Are Fierce Fish

After January’s price correction, which seemed dramatic by many standards but par for the course for crypto traders, bitcoin "minnows" (which we are calling those that hold 0.1-10 BTC) began accumulating crypto at record speed.

According to a new report from Glassnode, these "minnows" also have a fierce appetite for pain and are hodling their crypto through some intense volatility and price compression even though their coins have yet to experience a breakout.

“This correction has been historically significant, suggesting the confidence and conviction of Bitcoin investors has been thoroughly tested,” Glassnode wrote. “What we have seen over the last 5-months is a 50%+ correction that appears to have significantly reshuffled the ownership structure of BTC. A great many Long-Term Holders with coins above $50k appear completely unfazed, whilst others have been totally shaken-out, at a historically significant rate.”

Some whales got shaken out but the minnows keep on swimming.

https://finance.yahoo.com/news/first-mover-asia-bitcoin-minnows-233002206.html


some other tidbits thrown in there...not a bad article really..thought there is some shitcoinery in there...sorry..not sorry


tl:dr

strongerhands...more small players hodling...stacking sats

this is the way

[fr4nkthetank]

I really enjoyed the book "war is a racket" by Marine corps major general Butler
2 time medal of honor

Moral of the book
-> take the profit out of war

    War is a racket
    Who makes the profits?
    Who pays the bills?
    How to smash this racket!
    To hell with war!

Highly recommend to all

[ChartBuddy]

Explanation

[HI-TEC99]

...

I did have a chance to talk with a younger guy (40s) about BTC (and crypto), but I told him that I was BTC only, and to solicit opinions on alts elsewhere.  He seemed genuinely interested, I will inquire later if he jumps in the pool.

He will probably go all in on poocoin after looking at alts.

[JayJuanGee]

Hey motherf^cker. I'm gonna keep cutting all the quotes you take from youtube or from where the f^ck you take them and copy+paste them here.

Lambie the bambie used to engage in similar kinds of baloney talk.. similar, but different from uie pooie - what else is new?

Bitcoin-Backed Mortgages Are Coming. Here’s What That Means for Buyers.

Cool. I've been thinking about this recently and long-term CGT means it's probably not a good idea to cash everything out in one go.

This would only be a good thing if they let you still hodl your bitcoin keys.

If not, then no, not a good thing.

  I don't get this.  Why wouldn't one just use the house as the collateral and keep their bitcoin safu?

What if you no doesn't got no house(s) - and all u gots is dee bitcoins?

I did have a chance to talk with a younger guy (40s) about BTC (and crypto), but I told him that I was BTC only, and to solicit opinions on alts elsewhere.  He seemed genuinely interested, I will inquire later if he jumps in the pool.

Sometimes it is not easy to begin a conversation with a person who you either had not known or who you know but just found out that they have been dabbling in "crypto," including bitcoin but not seeming to know what bitcoin is, exactly... so they have the concepts merged in their heads and in their thinking and they look at you as if you are an alien when you proclaim that the various shitcoins are largely noise and their focus should be on the prize (namely bitcoin) rather than various all over the place distractions and copy cats..

It is difficult for any kind of message to go through when they have are adults and believe that they have already been looking into the matter for a sufficient amount of time.

Research: Bitcoin Minnows Are Fierce Fish
After January’s price correction, which seemed dramatic by many standards but par for the course for crypto traders, bitcoin "minnows" (which we are calling those that hold 0.1-10 BTC) began accumulating crypto at record speed.

It should be obvious that those bitcoin specialized minnows are also psychos.

Nuff No more needs to be said.

[ChartBuddy]

Explanation

[Toxic2040]

I really enjoyed the book "war is a racket" by Marine corps major general Butler
2 time medal of honor

Moral of the book
-> take the profit out of war

    War is a racket
    Who makes the profits?
    Who pays the bills?
    How to smash this racket!
    To hell with war!

Highly recommend to all

+3 WOsMerit's


it should be required reading to be a US citizen and probably by anyone in the world...as this is done by all governments...and sold as something that benefits society
check it out with a foreword from Jesse Ventura(hes says the same thing and more)
http://kether.com/words/butler-smedley--war-is-a-racket-1.pdf



----------

It should be obvious that those bitcoin specialized minnows are also psychos.

Nuff No more needs to be said.

[ImThour]

We're close to halfway between halvings.

The exact middle will be block 735000.

I personally love halving. 2020 Halving was my first buy, I sold at 58s level. When BTC went back from 28k to 69k, I thought I fucked it up however, now I think it was a good decision.
We all need some patience in our life to get the best out of it.

Most probably, my second and biggest BTC buying will be close to the upcoming halving or when we reach $24k (if we ever reach that point).
In short, waiting for halving. <3

Oh my.

I see that you are still delusional to be waiting for $24k in order to buy.

Sure, such a BTC price level could end up happening within the next 4-6 months, and the slowness of the 200-week moving average moving up could cause the 200-week moving average to get to $24k around 3 months from now, which is approximating that it is going up around $30 per day for the coming 90 days or so (and it is currently at about $21,300).

I still doubt that the odds of the current price reaching the 200-week moving average is a very high probability, but sure there are folks who are waiting for those kinds of measurements for their justification in buying BTC.. and from my own personal perspective, it seems way to risky to be fucking around with that kind of level of greed and lack of confidence in the upside face-ripping (and punishment) potentiality of bitcoin.. historically bitcoin has had a pretty decent track record of punishing naysayers, no coiner and those who either sell too much too early and/or fail/refuse to prepare for UP by buying a sufficient and adequate quantity of coinage (within their capacities to do so).  

For sure... Your milage may vary... and for sure, everyone has a right to have fun staying poor... not going to deprive you of those kinds of funzies.. have seen it many times with folks talking their lil selfies out of sufficient and adequate preparations for UPpity.

I would love to buy BTC at $50k at halving rather than buying it at $42k today in between the cycle.

I am not waiting for $24.5k, I just gave an example. I am willing to buy Bitcoin at any price once it reaches the realized mcap aka the true value.
Either it be $50k or $60k. I don't see any loss for those who bought at a realized mcap accumulation phase, so I expect the same for my future.

[ImThour]

Solid and stable!

https://twitter.com/wclementeiii/status/1516931942997975041?s=21

Once every individual realize this, they will start investing in it.
If I was a manager of a hedge fund, I would try to get all my clients a whooping 70% annual returns with Bitcoin rather than 20-30% in S&P.

[ChartBuddy]

Explanation

[JayJuanGee]

We're close to halfway between halvings.

The exact middle will be block 735000.

I personally love halving. 2020 Halving was my first buy, I sold at 58s level. When BTC went back from 28k to 69k, I thought I fucked it up however, now I think it was a good decision.
We all need some patience in our life to get the best out of it.

Most probably, my second and biggest BTC buying will be close to the upcoming halving or when we reach $24k (if we ever reach that point).
In short, waiting for halving. <3

Oh my.

I see that you are still delusional to be waiting for $24k in order to buy.

Sure, such a BTC price level could end up happening within the next 4-6 months, and the slowness of the 200-week moving average moving up could cause the 200-week moving average to get to $24k around 3 months from now, which is approximating that it is going up around $30 per day for the coming 90 days or so (and it is currently at about $21,300).

I still doubt that the odds of the current price reaching the 200-week moving average is a very high probability, but sure there are folks who are waiting for those kinds of measurements for their justification in buying BTC.. and from my own personal perspective, it seems way to risky to be fucking around with that kind of level of greed and lack of confidence in the upside face-ripping (and punishment) potentiality of bitcoin.. historically bitcoin has had a pretty decent track record of punishing naysayers, no coiner and those who either sell too much too early and/or fail/refuse to prepare for UP by buying a sufficient and adequate quantity of coinage (within their capacities to do so).  

For sure... Your milage may vary... and for sure, everyone has a right to have fun staying poor... not going to deprive you of those kinds of funzies.. have seen it many times with folks talking their lil selfies out of sufficient and adequate preparations for UPpity.

I would love to buy BTC at $50k at halving rather than buying it at $42k today in between the cycle.

I am not waiting for $24.5k, I just gave an example. I am willing to buy Bitcoin at any price once it reaches the realized mcap aka the true value.
Either it be $50k or $60k. I don't see any loss for those who bought at a realized mcap accumulation phase, so I expect the same for my future.

Seems that I already made my point, and so the other part would be so long as you have some pretty good ideas about the various BTC price points that you are considering buying.. that would be the main thing for you and your own considerations - and hopefully you are not talking too many newbies out of sufficiently and adequately preparing for UPpity possibilities. which continues to be one of my concerns when some posters in this thread (and on the forum too) are suggesting their BTC price correction locations that I consider to be somewhat unrealistic (even if those price corrections could happen), or at least it seems to me that some of the overly bearish prognostications may well end up influencing the framing of various BTC accumulation strategies too heavily for those persons in relatively early BTC accumulation phases who should want to make sure that they are adequately and sufficiently preparing for possibilities of UP.

[ImThour]

Seems that I already made my point, and so the other part would be so long as you have some pretty good ideas about the various BTC price points that you are considering buying.. that would be the main thing for you and your own considerations - and hopefully you are not talking too many newbies out of sufficiently and adequately preparing for UPpity possibilities. which continues to be one of my concerns when some posters in this thread (and on the forum too) are suggesting their BTC price correction locations that I consider to be somewhat unrealistic (even if those price corrections could happen), or at least it seems to me that some of the overly bearish prognostications may well end up influencing the framing of various BTC accumulation strategies too heavily for those persons in relatively early BTC accumulation phases who should want to make sure that they are adequately and sufficiently preparing for possibilities of UP.

I clearly understood your point, just wanted to keep my point as well. The point is I am not looking for any other asset for my investments in near future except BTC.
Long term, I am bullish and there is no point for not being bullish on the asset of the century.

I know people don't really like most of the TA, that's why I have tried to keep a balance of On-Chain Data to support my narrative.
However, there is this chart I want everyone to have a look.

When we entered the accumulation phase in 2021, BTC was making Lower Lows and eventually break out to make a new ATH.
This time, we are making Higher Lows with not a very strong momentum behind the moves and that is not good for the price.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BobLawblaw]

Good evening.

If you remove Netflix from FAANG, you're left with FAAG.

That is all.

[ChartBuddy]

Explanation