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

[ChartBuddy]

Explanation

[Piesel]

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[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.

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

Covid restrictions in China,  interest rate hikes by the Fed, and continuously rising inflation after such negative news for global economy, Oil prices fall... Won't all these negative news affect the price of Bitcoin?

[ChartBuddy]

Explanation

[WatChe]

Purchasing Power of the U.S. Dollar Over Time

"The purchasing power of a currency is the amount of goods and services that can be bought with one unit of the currency."Source

The purchasing power of USD has gone down over years due to printing of more and more USD currency notes. The decreasing purchasing power of USD can be seen from the fact that 1 USD in 1913 is equal to 26 USD in 2020.
In 1933, 10 beer bottles can be bought with 1 USD and in 2020 you can buy just a cup of coffee with 1 USD.
In 2022,
One can easily correlate his local currency with this USD decreasing purchasing power since the phenomena is same for all fiat currency. For example, in my country I can buy 1 large bread for 40 Pakistani Rupee 10 years ago, today its price is 120 Pakistani Rupee.
Only between 1929-1933 the purchasing power of USD increases due to deflation and reduction in new currency supply by 31%.
As governments print more and more currency notes without any barrier the purchasing power of currency is deemed to go down.



Image and info source

 In 1933, the manufacture, importation and sale of alcohol was still forbidden in the USA and had been for 13 years.  It would have taken many years for the brewing industry to recover after that so the price of illegal beer in that year can't be used to indicate the results of inflation today.  Also, fucking nobody on this side of the Atlantic ever bought 10 beer.  If you have 2 or 3 friends over to help you drink it, it can't be divided evenly which results in unnecessary arguments, feats of strength and ultimately fist fights over the last beer.  This is why it is sold conveniently in multiples of 6 or in kegs.  Only a barbarian would buy 10 beer; f&@#in' savages.

The ban was enforced from 1920 to 1933. I can't say whether stats mentioned about beer are correct or not but there is a consent that purchasing power of every currency including US dollar has gone down over time because of uncontrolled printing of money.
If you don't like beer example, I have given you example of bread also. It was 40 Pakistani Rupees ten years back and from same store I am buying it on 120 Pakistani Rupee right now.
There are many such examples that can prove the decreasing purchasing of a currency over time.


Naan (a type of bread commonly used during breakfast, lunch n dinner in Pakistan) price was 2 Pakistani Rupee in 2000 now 20 Pakistani Rupee.

Image source

[wagmi]

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?

Wow, yes, it's huge number but we can only dig out a tiny bit...

[wagmi]

*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.  

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

Do you know some people are doing... ummm... SCIENCE?  

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...

Do you have some mental issues because it's really looking like you do! You should definitely get some help, moron!
And now, please do your daily prayer for Peter Schiff!  

[ChartBuddy]

Explanation

[Gachapin]

*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.  

*blabla*

food

*burp*

 
food

Do Not Feed

[bitcoinPsycho]

*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.  

*blabla*

food

*burp*

food

Do Not Feed

Or quote

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Gachapin]

we might well test 18k again, but I think the bottom is in  SOMA^TM

[vapourminer]

just..

Do Not

its easier this way, trust me

[eXPHorizon]

Yees people are doing SCIENCE ?! Lelelel and how did their scajence their belief that the asteroid is Gold? By weight? xD By how it rotates ? XDDD This just shows the Beetkojn com would believe ANYTHING

[Piesel]

just..

Do Not

it's easier this way, trust me

Yeah speculation can raise one blood level for nothing, so I say do not speculate. 18k Bitcoin price, we will nowhere near that price!
Am thinking of selling all the altcoins in my possession to buy diapers for bitcoin bear to seal the linkage afflicted by some weak hand for the past few weeks back.

[ChartBuddy]

Explanation

[Gachapin]

just..

Do Not

it's easier this way, trust me

Yeah speculation can raise one blood level for nothing, so I say do not speculate. 18k Bitcoin price, we will nowhere near that price!
Am thinking of selling all the altcoins in my possession to buy diapers for bitcoin bear to seal the linkage afflicted by some weak hand for the past few weeks back.

whatever you say...