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

[HI-TEC99]

Welcome, to the Bitcoin shop in the Dominican Republic 🇩🇴


Bitcoin Magazine

Yes I remember seeing an earlier post (perhaps in this thread?) on that same topic, so I decided to try to look into it a bit more in order to attempt to clarify where it is and what it does.. even though the signage looks ok.

I found this Twitter thread, but I could not find any article about it.

I was a bit confused about the location - because the Dominican Republic has a lot of towns and cities and rural areas, so merely saying that such shop is in the Dominican Republic does not really say too much.

One of the posters in the thread, said that the shop was located in las Terrenas Samaná República Dominicana.. so then that gave me the google link to show that it is in a beach town.. but still a kind of rural area.

https://www.google.com/maps/place/Las+Terrenas+32000,+Dominican+Republic/@19.3298869,-69.6917721,12z/data=!4m5!3m4!1s0x8eaefa71d7b6d3af:0x3c5b9a9aecc5b9fd!8m2!3d19.299298!4d-69.5559162


 I still am a bit confused about what it is that they do at the shop.. if they buy and sell bitcoin and crypto?  or if they provide information.. or something else.. More information would be good... and is it the ONLY shop of its kind in the Dominican Republic, or are there some similar locations with similar themes?  Inquiring minds want to know.

This might be it, although I'm not sure.

https://coinatmradar.com/bitcoin_atm/54344/bitcoin-atm-general-bytes-las-terrenas-los-kikis-bar/



It's the only thing I could find in Las Terrenas.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Arriemoller]

the golden hour
A same, enormous coin glows
because of the stick

#haiku-ool

#botscanthaiku

[ChartBuddy]

Explanation

[Cryptolove20015]

I keep waiting for the price to break down and head to new lows, but the market keeps crawling upward. It’s starting to feel like the train is loading up and getting ready to take off. My brain says we’re going to $13K but with each day above $19K it seems more and more like people are accumulating under $20K while they can. Seeing the Fed beginning to spend on bailouts again in an attempt to drop the dollar’s value has me thinking the next move might be upward from here.

You are correct. In the next step, the price of Bitcoin will go upwards. Current Bitcoin price is 19k-20k up and down. But we are hearing good news about Bitcoin everywhere. I think bitcoin in 2023 big pump will do.

[ChartBuddy]

Explanation

[okorieemmanuel]

I keep waiting for the price to break down and head to new lows, but the market keeps crawling upward. It’s starting to feel like the train is loading up and getting ready to take off. My brain says we’re going to $13K but with each day above $19K it seems more and more like people are accumulating under $20K while they can. Seeing the Fed beginning to spend on bailouts again in an attempt to drop the dollar’s value has me thinking the next move might be upward from here.

You are correct. The next step will be to increase the price of Bitcoin. Current Bitcoin price is 19k-20k up and down. But we are hearing good news about Bitcoin everywhere. I think bitcoin in 2023 high pump will do.

I don't think bitcoin price will go down. Bitcoin difficulty keeps making new all time high. Infact, it is more economical buying bitcoin when the price temporarily falls than to mine it with the present difficulty over a long period of time. Bitcoin value should be $40,000 at the current difficulty.     . Hence from the current price action, if my calculations are correct, bitcoin should retake $25,000 level before next month (November) and remain stable there.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[BitcoinGirl.Club]

I keep waiting for the price to break down and head to new lows, but the market keeps crawling upward. It’s starting to feel like the train is loading up and getting ready to take off. My brain says we’re going to $13K but with each day above $19K it seems more and more like people are accumulating under $20K while they can. Seeing the Fed beginning to spend on bailouts again in an attempt to drop the dollar’s value has me thinking the next move might be upward from here.

Save cash that you need for the next two years. Divide the remaining into half. Use one half to buy bitcoin and keep the other half if you believe we are going down to $13k. Because if it does not then you can not even use this fall and regret it later. You are one of the the OG and we all have seen it many times.

[BitcoinGirl.Club]

Feels like yesterday
Are suddenly far away
One foot in the grave

Don't make me emotional LOL
Time flies brother.

[fadhilz123]

I don't think bitcoin price will go down. Bitcoin difficulty keeps making new all time high. Infact, it is more economical buying bitcoin when the price temporarily falls than to mine it with the present difficulty over a long period of time. Bitcoin value should be $40,000 at the current difficulty.     . Hence from the current price action, if my calculations are correct, bitcoin should retake $25,000 level before next month (November) and remain stable there.

Price is not a specific type of trophy that Bitcoin can fight for or grab at any given time. Because any price (including the price of Bitcoin) occurs through supply and demand in the market, not by competition because price is not a competition for Bitcoin.

The price range you say does look logical for the current conditions, but it also needs encouragement from various parties so that more new people are interested in buying Bitcoin at the current price and that will obviously make the Bitcoin price push up slowly. And for price stability I think it will also be difficult for Bitcoin to happen because it is influenced by the number of trades on Bitcoin which is always very large every month.

[ChartBuddy]

Explanation

[Lucius]

I don't think bitcoin price will go down. Bitcoin difficulty keeps making new all time high. Infact, it is more economical buying bitcoin when the price temporarily falls than to mine it with the present difficulty over a long period of time. Bitcoin value should be $40,000 at the current difficulty.     . Hence from the current price action, if my calculations are correct, bitcoin should retake $25,000 level before next month (November) and remain stable there.

A lot of things should be different, but the world we live in is not very logical, is it? Those who have some experience with Bitcoin over the past 5+ years know that we could expect a sharp correction as always after the ATH, but few knew how much inflation would be and how much it would affect the price of Bitcoin. Add to that the financial fiasco performed by that South Korean scammer, which is worth between $40 and $80 billion, so I would conclude that Bitcoin is actually worth more than the current circumstances dictate.

Unfortunately, your calculations are worthless because they are actually speculations - and I hope that you are not one of those who believe that the price of Bitcoin is formed on the basis of your positive opinion and special requests addressed to the almighty creator

[Davian144]

A new news about mining licensing in Russia has been rejected by the parliament and the parliament is expecting a new draft for it, as the State Duma of the Russian Federal Assembly, has voted against the law designed to regulate cryptocurrency mining. While lawmakers rejected the proposal, which also aims to legalize crypto payments in the country, another draft law on mining, allowing cross-border transactions with digital assets, is expected in the legislature in the near future. Source: https://news.bitcoin.com/russian-parliament-rejects-mining-bill-allowing-crypto-payments-expects-new-draft/

There are some difficult things happening in Russia regarding cryptocurrencies and this will also make crypto investors in Russia not so much into cryptocurrencies because they will definitely think about new rules that may not benefit them as investors. And I hope that market conditions can look greener especially for Bitcoin when the issue of cryptocurrency mining permits in Russia begins to be passed by the parliament or by the Russian Federal Assembly.

[BitcoinGirl.Club]

Observing @ $19,420
Much better than yesterday LOL

[ChartBuddy]

Explanation

[shahzadafzal]

Slow and Steady Wins the Race

Just few more steps bitcoin just few more steps!

https://twitter.com/naiivememe/status/1584395135466754048

[ChartBuddy]

Explanation