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

[Renampun]

Man of many skills

Craig the Dementors

[1715111402]

1715111402

[1715111402]

1715111402

[1715111402]

1715111402

[1715111402]

1715111402

[ChartBuddy]

Explanation

[Toxic2040]

RIP Hagrid

+1 WOsMerit

[BitcoinBunny]

Liz Truss out by Tuesday / Wednesday I reckon.
And then onto the next moron.

 

[Gachapin]

If there are no altcoins or shitcoins, you I won't understand the importance of Bitcoin.

FTFY

[Mbitr]

[JayJuanGee]

IS WALL OBSERVER NOT ABUSED?

Attention to all members actively on this thread!
I consider this to myself as a challenge to help bring into our remembrance the intended focus of this board  and particular thread
Wall Observer BTC/USD - Bitcoin price movement tracking & discussion that our major focus should be on engaging with discussions that has to do with benefits that talks more about bitcoin price both in the past and inbpresent time, but it saddens me seeing alot of members here trolling with memes and pictures that has nothing to do with bitcoin at all not even to mention about it's price, it's fine and good to make use of memes and am not against it but it must always be on point showing information about the intended bitcoin price or an idea about it.

We can reconsider our steps and the deviated paths to restore us back to the main purpose of the thread, i can't mention with examples some of the these abuses but we all know what is right and how things have been wronged, if we must sound crazy then make it such a way that a good information will be passed through that means, i will also like to remind us again on how important this thread is to the forum itself (bitcointalk) because everyone visiting and in need of absolute information or discussion related to bitcoin price will have this thread recommended first, let's work in hands and sanitize, filter and present this thread as it has always been intended for, which is "Bitcoin price movement tracking & discussion".
Thank you. [/size]

What I read is:  "Hi everyone!!!!   I'm new to the WO, and I am here to fix it."

Speaking of merit farmers, I have not seen this many before. What changed?

My theory is you can sell a high merit account.  In fact there are a few old timers around that I question the legitimacy of.  BCT Merit is a fiat reputation system.

You can imagine.. that sometimes in some locations there are difficulties making much of an income, and people will do a lot of work for amounts of income that do not seem to be very high, relatively speaking... but then sometimes in the west, a person might make less than $1k per month of income (and they can barely survive on that because once they pay for rent and food, they do not have anything left.. including that their lodging might not be very nice and their quality of food might be really low too), but that same amount would allow someone to live a really high standard of living (relatively) speaking in another part of the world... Maybe they struggle to get $500 of income per month, but if they can raise their income to $1k per month on a consistent basis, they feel that they would be set for life.

[LFC_Bitcoin]

Some HOPIUM for the weekend, gentlemen.



@RiggsBTC
The core signals are screaming buy for just the fourth time ever.

$6M by 2026.

Blessed be the Bitcoiners.
https://twitter.com/riggsbtc/status/1580641467764117504?s=46&t=mMgLv5qAgLBqFtToMn5aLQ



I dunno about you guys but $6,000,000 per coin gets my attention 

[JayJuanGee]

Most of you are probably aware of the special situation the world is in right now. I think the next few months will show if we have bet on the right card with Bitcoin or not.

Corona has destroyed the supply chains of the globalized world and showed us how vulnerability the economy is. Countries have tried to prop up the economy with enormous amounts of money in the form of debt or money printing.

The Ukraine war and the energy crisis are now putting enormous pressure on financial markets and countries. In previous crises, such as the last one in 2008, national banks still had the possibility to defuse the situation. Now there is no room for intervention. The market is crying out for money, but inflation is already dangerously high.

The last time the monetary and debt system was put to the test, a world war broke out. We can only hope that maybe this time, with Bitcoin's help, we can find another way out.

How do you assess the current situation the world is in?

I am going to say that I consider bitcoin to merely provide more options, and it is going to take a very long time to transition though the various potentially imminently imploding systems that you are referring to, vroom.

Bitcoin will also not free us from suffering.. and there is likely going to be some geographical variance in the suffering, but there also may well be some purposeful efforts to cause suffering on people who usually do not suffer from these kinds of craziness.

There are a lot of people who are likely not really prepared for extreme negative scenarios and are continuing to hope that such extreme negative scenarios do not play out.. I am not completely removed from that.. and surely bitcoin is probably not enough.. still gotta eat and have lodging and to be free from having violence inflicted upon me.

13% of Canadians 🇨🇦  own #bitcoin   
The Bank of Canada reports #bitcoin    ownership has more than doubled in the past year and 90% of Canadians have now heard of #bitcoin   

 https://twitter.com/DocumentingBTC/status/1580898487402909697?t=_tjlYofqk6g02KO4ZIZJ6g&s=19

Hearing about bitcoin, and having any clue about what to do about it or understanding it are quite different.  I heard the word "bitcoin," but I have no fucking clue what it means.  It has something to do with the internet. .or blah blah blah.. O.k.  What good does that do?

13% is also a pretty high number of supposed "owners of bitcoin"  

Worldwide we still likely have right around 1% ownership of bitcoin, and I question if current owners of bitcoin have "enough".. more than merely a token amount...something less than $200 worth... that would be less than 0.01BTC.. .. Does not sound like very much to me, even though it is a million satoshis... In the future a million satoshis will likely be a lot, but currently, it does not really seem like much.. especially since a million satoshis could be bought for around $200.

By the way, if everyone were to try to get 1 million satoshis, the BTC price would raise considerably, because everyone cannot get 1 million satoshis because there are too many current bitcoin holders who would not necessarily part with their BTC merely because the price is going up... but on an individual level, currently, it would not be very difficult to get way more than a million satoshis.

[ChartBuddy]

Explanation

[Hamza2424]

https://twitter.com/VanBitcoiners/status/1580709296592932864?t=X9kngap5kauhWmu267TL-Q&s=19

[JayJuanGee]

Most of you are probably aware of the special situation the world is in right now. I think the next few months will show if we have bet on the right card with Bitcoin or not.

Corona has destroyed the supply chains of the globalized world and showed us how vulnerability the economy is. Countries have tried to prop up the economy with enormous amounts of money in the form of debt or money printing.

The Ukraine war and the energy crisis are now putting enormous pressure on financial markets and countries. In previous crises, such as the last one in 2008, national banks still had the possibility to defuse the situation. Now there is no room for intervention. The market is crying out for money, but inflation is already dangerously high.

The last time the monetary and debt system was put to the test, a world war broke out. We can only hope that maybe this time, with Bitcoin's help, we can find another way out.

How do you assess the current situation the world is in?

I generally agree with your assessment.  However, my tinfoil hat and I believe the events you describe as well as others (US and Western Europe halting domestic energy production, an incredible amount of fires and destruction at food processing and distribution centers all over the world, the mothballing of Nuclear Energy, various social structure attacks (race,sex,gender,religion,politics,etc) and on and on) are not happening by accident, and are part of a conspiracy to move the world into a new system.

IF Freedom (and therefore Bitcoin) wins, I look forward to the trials and executions. That is not a joke.  There are a few I would like to be present for in person. The damage that has been done to my own family members by the perpetrators of this evil is enough that I would clamp my own hands around certain necks myself, and gleefully watch the lights go out.

God forgive me.

Oh gawd..

You are too optimistic, caps.

You come off as some kind of 20 year old who still believes that there is justice in the world... and happy endings always happen.. blah blah blah.

Most of you are probably aware of the special situation the world is in right now. I think the next few months will show if we have bet on the right card with Bitcoin or not.

Corona has destroyed the supply chains of the globalized world and showed us how vulnerability the economy is. Countries have tried to prop up the economy with enormous amounts of money in the form of debt or money printing.

The Ukraine war and the energy crisis are now putting enormous pressure on financial markets and countries. In previous crises, such as the last one in 2008, national banks still had the possibility to defuse the situation. Now there is no room for intervention. The market is crying out for money, but inflation is already dangerously high.

The last time the monetary and debt system was put to the test, a world war broke out. We can only hope that maybe this time, with Bitcoin's help, we can find another way out.

How do you assess the current situation the world is in?

World wars have little to do with bad debt situations - that's supposed to happen after those wars end.

WWs are the results of political events (e.g. hypothetically the invasion of Ukraine), not economic ones.

Look what fundamentally changed after 2008 in economics. Pretty nothing, imho. 2022 is just a continuation, delayed by some golden years, climaxing into the BRRRR movement. Corona, yeah shit happens, but it hit economy in it's weakest spot: Globalization, driven by profit maximization.
Just my 2 cents.

All is well with OOM, too?

Are we all living in an illusion, even those of us who have been studying the bitcoin space for several years?

I will agree that it may well be possible to kick the can down the road again and to get another 5-10 years before the next "Major crisis" comes, but kicking the can down the road does not really resolve anything and likely makes the situation worse, again.

So by definition, the can had already been kicked down the road in 2008, so it could not be the same currently as it was in 2008.. because the underlying issue was not addressed and not even close to being addressed in 2008 or any time between 2008 and currently...

In other words, the whole debt situation is worse currently than it was in 2008 because of the fact that the remedy that came in 2008 and thereafter did not even attempt to address the underlying problem but instead delayed it and caused it to become more and MOAR of a BIGGER problema.

Sure, it might feel all the same.. until there is any attempt to look under the hood and into the details.. . .how it feels, versus what is going on under the hood are likely two different things.

[ChartBuddy]

Explanation

[goldkingcoiner]

I have no idea why there has been a tremendous influx of pompous, loud-mouthed newbies, but can I assume that Bitcointalk's new-registration activity itself is a good metric for how Bitcoin adoption is doing?

[JayJuanGee]

Some HOPIUM for the weekend, gentlemen.
@RiggsBTC
The core signals are screaming buy for just the fourth time ever.

$6M by 2026.

Blessed be the Bitcoiners.
https://twitter.com/riggsbtc/status/1580641467764117504?s=46&t=mMgLv5qAgLBqFtToMn5aLQ

I dunno about you guys but $6,000,000 per coin gets my attention 

But what's it mean?

no homo



 

Oh.. I looked again.. You are talking by 2026.. oh?  that's 4 years from now.. Oh?


For this particular cycle, in my December 16, 2021 post, I had placed supra $1.5 million as a kind of real low chance top (which was in the ballpark of 0.5% chance at the time of the post), but I was not willing to specify beyond that level of detail because the odds were just becoming too low after getting above $1.5 million.. and then I would speculate that our having had suffered such a whimpy cycle top for this time around that ONLY hit $69k, then it almost negates assigning high odds for those UPPER numbers, even though maybe supra $1.5 million should come back into contention, and I would not automatically presume that the odds for supra $1.5 million might not get any better, but still.. even if we might place $6 million or higher as our top, what kinds of odds would we be giving it... I have difficulties concluding that it would be much greater than 10%.. and that even seems a bit much.. but still it is too early, and we still have our current lack of a very high cycle top this time around  - which does not necessarily mean that we might end up having a higher top in our next cycle to make up for the theoretically existent excess suppression that might have been the experience in this cycle.

I am not there.. yet...

I am not at $6 million or being able to assign odds that would even be close to 10%.. currently.. even if we are projecting out 4 years from now.. and that would be really outrageous.. 316x from our current price... just seems like too much.  100x.. puts us at $1.9 million... and that even seems a bit of a stretch.. even though surely not out of the question.. Neither one of those is a zero scenario for sure... but still... seeming a bit of a stretch of the imagination, at the moment of our current bitcoin price suppressed status.

[OutOfMemory]

Most of you are probably aware of the special situation the world is in right now. I think the next few months will show if we have bet on the right card with Bitcoin or not.

Corona has destroyed the supply chains of the globalized world and showed us how vulnerability the economy is. Countries have tried to prop up the economy with enormous amounts of money in the form of debt or money printing.

The Ukraine war and the energy crisis are now putting enormous pressure on financial markets and countries. In previous crises, such as the last one in 2008, national banks still had the possibility to defuse the situation. Now there is no room for intervention. The market is crying out for money, but inflation is already dangerously high.

The last time the monetary and debt system was put to the test, a world war broke out. We can only hope that maybe this time, with Bitcoin's help, we can find another way out.

How do you assess the current situation the world is in?

World wars have little to do with bad debt situations - that's supposed to happen after those wars end.

WWs are the results of political events (e.g. hypothetically the invasion of Ukraine), not economic ones.

Look what fundamentally changed after 2008 in economics. Pretty nothing, imho. 2022 is just a continuation, delayed by some golden years, climaxing into the BRRRR movement. Corona, yeah shit happens, but it hit economy in it's weakest spot: Globalization, driven by profit maximization.
Just my 2 cents.

All is well with OOM, too?

Are we all living in an illusion, even those of us who have been studying the bitcoin space for several years?

I will agree that it may well be possible to kick the can down the road again and to get another 5-10 years before the next "Major crisis" comes, but kicking the can down the road does not really resolve anything and likely makes the situation worse, again.

So by definition, the can had already been kicked down the road in 2008, so it could not be the same currently as it was in 2008.. because the underlying issue was not addressed and not even close to being addressed in 2008 or any time between 2008 and currently...

In other words, the whole debt situation is worse currently than it was in 2008 because of the fact that the remedy that came in 2008 and thereafter did not even attempt to address the underlying problem but instead delayed it and caused it to become more and MOAR of a BIGGER problema.

Sure, it might feel all the same.. until there is any attempt to look under the hood and into the details.. . .how it feels, versus what is going on under the hood are likely two different things.

From my understanding, your reply is pretty much supporting what i have meant. "Continuation" downwards, not sideways, if that was the root of some possible confusion?
Fuck it, i'm tired.
I'll short it down: Thanks for the underlining reply, you are right.

Peace out and #hodl 

[ChartBuddy]

Explanation

[Gachapin]

Some HOPIUM for the weekend, gentlemen.



@RiggsBTC
The core signals are screaming buy for just the fourth time ever.

$6M by 2026.

....


I dunno about you guys but $6,000,000 per coin gets my attention  

....if not, is that guy willing to eat his own dick on national television ?








Werner Herzog Eats His Shoe
https://www.youtube.com/watch?v=jem9iCZMexE

[El duderino_]

When even some og’s  are talking bear

Is when I believe we will see something nice….

[Gachapin]

I have no idea why there has been a tremendous influx of pompous, loud-mouthed newbies, but can I assume that Bitcointalk's new-registration activity itself is a good metric for how Bitcoin adoption is doing?
...

sig campaigns pay a 3rd world country's minimum wage...

in the west, usually a teen's dream job is "youtuber"  ....in other parts of the world it might be BCT merit farmer  ...but I doubt that that has anything to do with BTC adoption