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

[bitcoinPsycho]

https://www.reddit.com/r/Damnthatsinteresting/comments/x00bzz/its_amazing_that_we_even_found_this_one/

Let's do the math, because dollars make no sense when talking about a metal: $10,000,000,000,000,000,000 dollar and $55,000,000 per tons. That's 182 billion tons.

Now let's see what National Geographic has to say:

one geoscientist calculated that there are 1.6 quadrillion tons of gold in the core—that’s enough to gild the entire surface of the planet half-a-meter (1.5 feet) thick

Why bother with an asteroid, if the earth's core holds 8800 times more gold?

Probably unimaginable pressures and heat not to mention radiation makes it unobtainable compared to space

I believe they are both practically unobtainable.

I wonder why we need to use asteroids and planet cores as evidence to show that gold sucks compared to Bitcoin... It's rather obvious, no?

Yes 100% agreed

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[ChartBuddy]

Explanation

[eXPHorizon]

*invests in Gold*

What could go wrong?



https://www.reddit.com/r/Damnthatsinteresting/comments/x00bzz/its_amazing_that_we_even_found_this_one/


Gold or Bitcoin, you decide.  

YES.

They absolutely know for SUUUUREEE that it is Gold. They have taken a sample from it, delivered it to earth and made an diagnostic.



Gold sucks compared to Bitcoin ? Have you fallen on your head upon birth or something ? Or you simply do not know the use of Gold and its uniqueness ? It is the other way around more likely ... FFS these folks...

[ChartBuddy]

Explanation

[LFC_Bitcoin]

@robustus
Bitcoin is up 200,000% in the past 10yrs. To hold it for that period, you had to:

- Not sell a 10-bagger (usually a top career investment for people)

- Not sell a 100-bagger (prob life changing)

- Not fall for a scam

- Not get hacked

... 1/
https://twitter.com/robustus/status/1564676713174519809?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
2/
 
- Not have your coins on one of the 50% of exchanges that ended catastrophically before 2015

- Not trade-in your BTC gains from the 2011 bull run for gold in 2012 (worst trade in human history?)

- Not think you "missed the bus" in 2010/11
https://twitter.com/robustus/status/1564676810373308421?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
3/

- Not have your coins in one of the many early "web wallet" services that ended catastrophically

- Not have your coins in some legit biz/service that turned into a ponzi due to mismanagement

- Not forget about your coins, forget your wallet pw, lose your keys
https://twitter.com/robustus/status/1564676926966534144?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
4/

- Not *actually* be "in it only for the tech", causing you to spend 80k BTC on pizza in 2010, hodling nothing

- Not get bogged down in interpretation of Mises Regression Theorem, causing you to not buy BTC despite being active on bitcointalk while Satoshi was still posting
https://twitter.com/robustus/status/1564677167241363457?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
5/

- Not listen to media
- Not listen to academia
- Not listen to politicians
- Not listen to financial "experts"
- Not listen to (probably) your friends & family
https://twitter.com/robustus/status/1564677260988260352?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
6/

- Not fall for "blockchain not bitcoin"

- Not eschew BTC (despite being a gold bug) because you wrote a book about CBDCs & decided that was really the interesting thing here
https://twitter.com/robustus/status/1564677374775533568?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
7/

- Not freak out during the 2016/17 fork wars and sell all your coins because you misunderstood Nakamoto consensus and/or social scalability

- Not get chopped up trying to trade the airdrop with your whole stack
https://twitter.com/robustus/status/1564677501141622784?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
8/

- Not fork off to BCH

- Not catch the CSW mind-virus (is it literally a virus? only explanation, really) and fork off to BSV

- Not rage quit over something about the nature of BTC you didn't understand
https://twitter.com/robustus/status/1564677647719927811?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
9/

- Not decide to pack it all in and go work for an enterprise blockchain company

- Not get depressed & sell during one of the 4 bears when BTC was down 80%+ for months and just sat there

- Not need the money to cover life expenses
https://twitter.com/robustus/status/1564677779899179008?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
10/

- Not overtrade and get nailed by an ugly tax situation

- Not fall into thinking you're a great trader and TA is everything

- Not fall for one of the thousands of altcoins that went to zero

- Not do something dumb with your key setup and burn your coins
https://twitter.com/robustus/status/1564677878758899712?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
11/

- Not throw your old computer in the dump or forget the pw to your encrypted USB drive

- Not be on leverage during the covid crash

- Not give your BTC to an unscrupulous crypto lender

...the list could go on...

Be careful out there

<end>
https://twitter.com/robustus/status/1564678036129284099?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA

[ChartBuddy]

Explanation

[Gachapin]

@robustus
Bitcoin is up 200,000% in the past 10yrs. To hold it for that period, you had to:

- Not sell a 10-bagger (usually a top career investment for people)

- Not sell a 100-bagger (prob life changing)

- Not fall for a scam

- Not get hacked

... 1/
https://twitter.com/robustus/status/1564676713174519809?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
2/
 
- Not have your coins on one of the 50% of exchanges that ended catastrophically before 2015

- Not trade-in your BTC gains from the 2011 bull run for gold in 2012 (worst trade in human history?)

- Not think you "missed the bus" in 2010/11
https://twitter.com/robustus/status/1564676810373308421?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
3/

- Not have your coins in one of the many early "web wallet" services that ended catastrophically

- Not have your coins in some legit biz/service that turned into a ponzi due to mismanagement

- Not forget about your coins, forget your wallet pw, lose your keys
https://twitter.com/robustus/status/1564676926966534144?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
4/

- Not *actually* be "in it only for the tech", causing you to spend 80k BTC on pizza in 2010, hodling nothing

- Not get bogged down in interpretation of Mises Regression Theorem, causing you to not buy BTC despite being active on bitcointalk while Satoshi was still posting
https://twitter.com/robustus/status/1564677167241363457?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
5/

- Not listen to media
- Not listen to academia
- Not listen to politicians
- Not listen to financial "experts"
- Not listen to (probably) your friends & family
https://twitter.com/robustus/status/1564677260988260352?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
6/

- Not fall for "blockchain not bitcoin"

- Not eschew BTC (despite being a gold bug) because you wrote a book about CBDCs & decided that was really the interesting thing here
https://twitter.com/robustus/status/1564677374775533568?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
7/

- Not freak out during the 2016/17 fork wars and sell all your coins because you misunderstood Nakamoto consensus and/or social scalability

- Not get chopped up trying to trade the airdrop with your whole stack
https://twitter.com/robustus/status/1564677501141622784?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
8/

- Not fork off to BCH

- Not catch the CSW mind-virus (is it literally a virus? only explanation, really) and fork off to BSV

- Not rage quit over something about the nature of BTC you didn't understand
https://twitter.com/robustus/status/1564677647719927811?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
9/

- Not decide to pack it all in and go work for an enterprise blockchain company

- Not get depressed & sell during one of the 4 bears when BTC was down 80%+ for months and just sat there

- Not need the money to cover life expenses
https://twitter.com/robustus/status/1564677779899179008?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
10/

- Not overtrade and get nailed by an ugly tax situation

- Not fall into thinking you're a great trader and TA is everything

- Not fall for one of the thousands of altcoins that went to zero

- Not do something dumb with your key setup and burn your coins
https://twitter.com/robustus/status/1564677878758899712?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
11/

- Not throw your old computer in the dump or forget the pw to your encrypted USB drive

- Not be on leverage during the covid crash

- Not give your BTC to an unscrupulous crypto lender

...the list could go on...

Be careful out there

<end>
https://twitter.com/robustus/status/1564678036129284099?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA

it seems such a hard task for many people to just do nothing ... but sometimes it's the best thing you can do

[Morningstarr]

So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.

I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market.

[Hamza2424]

https://www.reddit.com/r/Damnthatsinteresting/comments/x00bzz/its_amazing_that_we_even_found_this_one/
Let's do the math, because dollars make no sense when talking about a metal: $10,000,000,000,000,000,000 dollar and $55,000,000 per tons. That's 182 billion tons.

Now let's see what
Why bother with an asteroid, if the earth's core holds 8800 times more gold?

then dear i would like to sell all of my gold holdings as if i own. how ?? How can they use Gold as a reserve as there is no control on the supply of that asset where they are not even sure about the quantity so how its base value can be decided.

Hoped you got my point lets change it as we are already changing.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Paashaas]

https://www.reddit.com/r/Damnthatsinteresting/comments/x00bzz/its_amazing_that_we_even_found_this_one/

Let's do the math, because dollars make no sense when talking about a metal: $10,000,000,000,000,000,000 dollar and $55,000,000 per tons. That's 182 billion tons.

Now let's see what National Geographic has to say:

one geoscientist calculated that there are 1.6 quadrillion tons of gold in the core—that’s enough to gild the entire surface of the planet half-a-meter (1.5 feet) thick

Why bother with an asteroid, if the earth's core holds 8800 times more gold?

Because it's ''easier'' to mine asteroids in space than drilling Earth's core.

2900 km (1.801.97646 miles) to drill to the core. So far we have done 12 km (7,45 miles), and it gets more difficult as you go deeper in terms of high temperatur and pressure. Any hole you excavate will slam down, to overcome that problem is not possible.

Asteroid mining is hypothetical planning, mostly because of its exorbitant costs. Start ups have developed plans to mine those objects. When it becomes economically viable the age of space mining will start. Unlimited amount of Gold, iron, nickel, iridium, palladium, platinum and magnesium out there, perhaps new type of elements. Even NASA has been experimenting of water extraction from asteroids to support space travel.

[Hamza2424]

https://twitter.com/TheRealPlanC/status/1564402827459436546?t=PgJybQgacytF5wpOcuD4VA&s=19

4-Year SMA+EMA | 0.70
🟥 $16,991

2-Year SMA+EMA | 0.45
🟦 $15,826

Confluence Bottom Model
⬛️ $15,648

Balanced Price (SA)
🟪 $15,550

Network + LTH CB | 0.75
🟩 $15,301

CVDD
🟧 $14,572

This Shows some of accurate indication i do agree with the Balanced Price SA aa so far now the accuracy of all the analysis called bottom not done yet its coming up. I think are appropriate now it looks close for mw now as i can see a good buying Opertunity i would must say now I'm much more excited for that to happen. I believe it will happen in September lets see for October I'm highly Bullish not for cycle reversal but for a decent recovery view.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Biodom]

@robustus
Bitcoin is up 200,000% in the past 10yrs. To hold it for that period, you had to:

- Not sell a 10-bagger (usually a top career investment for people)

- Not sell a 100-bagger (prob life changing)

- Not fall for a scam

- Not get hacked

... 1/
https://twitter.com/robustus/status/1564676713174519809?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


@robustus
2/
 
- Not have your coins on one of the 50% of exchanges that ended catastrophically before 2015

- Not trade-in your BTC gains from the 2011 bull run for gold in 2012 (worst trade in human history?)

- Not think you "missed the bus" in 2010/11
https://twitter.com/robustus/status/1564676810373308421?s=21&t=9b-zdmyQh-MAA3xQ_5SuvA


<snipped just for brevity..awesome post!>

sheet, man, most regulars around here are supermen or something?
at least some?  

[Biodom]

So, I expect the price to begin leveling off and gradually entering a semi-bull market similarly to both 2015 and 2019. There will be some oscillations, but I expect a clear average price increase of 2-3 times before the next exponential bull market, hopefully in 2025. Yes, it may hit 20K or a little below 20K a few more times, but it is unlikely to break 17.5K anytime soon. It could happen in a few months, if Tesla and other tourists rush to sell again, or if some stable coin explodes. For now, however, the dynamics of the market do not show such signals.

I still think that when the market reaches around $17k and people open long positions, So this time we will see one last unexpected dump which will cause BTC to reach $15k or $12k. During the journey of bitcoin from $18k to $25k, everyone thought that the market would go comfortably to $30k but during that time the rising wedge broke and according to this pattern it is not possible to return before $17k when BTC reaches $17k or $18k, it will be a better idea what is the mood of the market.

sorry, 15k-12K is not very original..it has been repeated a gazillion of times here and elsewhere.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation