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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368302 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
JayJuanGee
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December 27, 2022, 07:33:24 AM

Most common response I’ve been hearing wrt to #BitcoinBTC  is that people feel they “missed it.” This couldn’t be further from the truth.



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If you look at the Halving Halbin chart here, Bitcoin will start to rise from the beginning of 2024.  And in 2023, the price of Bitcoin will remain in the tumbling state.

And there is enough time in 2023 to hold and it would be best to start holding from here in 2022 at the latest.  Because now is the perfect time to hold Bitcoin.

Ho ho Hold ✅✅✅..

That does not make any sense because 1st of all, bitcoin is not ON some kind of a set schedule in terms of price, even though there are halvenings coming up as you have referenced.

Secondly, why are you saying Hold?  Is there a need to make sure you have enough first?  What about buying and accumulating?  Are you assuming that someone already had accumulated?  When was this?  how much? And what are the other circumstances of such assumed person that you advising to Hold?

I became Independent Because of Cryptocurrency
I know this is just silly story but I want to tell you that my bitcoin journey is not fascinating but here I want to tell.
In 2017 I started Bitcoin trading and also got skeptical in crypto. I lost too much much money but I got resilient. Cause I know that their is a future for me in this.
After late 2019 beacsue I took admission in university and now I am  independent and I do not need Money from my parents and that's good for me. I started making Money from crypto. I am And that was joy for me. Now I am making 100 dollars plus form crypto. That is enough for me.


What's "crypto"?  Does it somehow relate to the topic of this thread?

Season's Greetings to all WOers!

We may be a little lower that many of us had predicted for this time of year ($17k vs. $100k+), but a true WOer knows that GTCTTWW.

Be well, love and be loved, enjoy yourselves, and... HoDL!
Can't remember what it means.

Brain no doesn't work that great at all times.
 Tongue Tongue Tongue
I'm pretty sure it's an acronym for Gay-Themed Christmas Tradition Titillates Wall Watchers

 I'm sure if you thought about it a little longer though it would come to you... since it's a good thing and you will have waited for it to come to you.

Huh?  That should have been easy to recall.  Funny I could not remember it.  I need to go for a doctor (or psych) check-up.

Bitcoin has been stuck between $16,000-$17,000 for one week.

Please quote my post...
Good picture Smiley

It is true that the price of Bitcoin is stuck here for a long time, but the chances of an increase are very low.  Bitcoin price could fall further, experts say.  But we have no reason to despair.  Dumping will be for pumping...

Well if "experts" say that it is dumping it must be true.   Cry Cry Cry  Who would have thunk?

~snip~
I am not sure if 20 BTC is going to be enough to supplement the cashflow of any person, even though it seems that something like 100 BTC right now would be enough - yet of course, devil is in the details in regards to how much we need and when we need it..
~snip~
Anyway, of course, money management.. and of course no guarantees.. and surely by the time we start to get into our 50s or later, then it would seem that many of us shoudl have already created and maintained some investment portfolio that goes beyond merely having BTC and perhaps taking our other income sources, whether social security, pension, 401ks and/or other sources like that with a grain of salt... but still the various uncertain sources of income likely have greater than zero present value.. unless you really are assigning high values to Armagaeddon scenarios.
Having said all that I totally appreciate you, if everyone was as smart as you, think Bitcoin would already be a real currency in many countries. But although I'm not entirely sure, hope that Bitcoin will one day become a real currency like gold was a currency in the primitive days, I think it will be, even though we know that every currency is unstable. But the difference is that the area of change is a little more or less and it is also true that it is not right to judge Bitcoin by all kinds of differences.

Finally, it can be said that every person needs to have a deep understanding of Bitcoin like you(That is the Example of Knowledge), so that Bitcoin can become more prosperous in the world.

I don't know.

Bitcoin comes to people at the time that they become more receptive to it.  There's an expression (or is it a meme?) that reflects that same idea that you cannot really force adoption, people get bitcoin at the price they deserve. 

In that regard, bitcoin adoption seems to take a decently long time.  We see signs of considerable growth (such as increases in price) and we see corrections in the price, and of course, price is not the ONLY way to measure adoption.. even though I am not sure if there is a way to rush the adoption process. 

Bitcoin seems to be growing and it is expanding and people are becoming more and more aware of it and even starting to allocate more and more value to it, but even with bitcoin's growth, it still seems to take a decently long time to make progress with some random person that you might ask on the street if they know about bitcoin and if they own any.. and then if they do own some bitcoin, then is it any kind of meaningful allocation or just dust amounts...

 I have my doubts about whether there are very many ways to speed up adoption.. tick tock, another block, every 10 minutes.... even though now there are likely many more millions of people who are actively and meaningfully investing into bitcoin, and that number is likely higher than it was in late 2013 when I first got started in my bitcoin investment journey.. so it seems that each cycle (4 years or so), we have new people who are coming into bitcoin and becoming convicted about establishing (and maintaining) an investment allocation into bitcoin.
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December 27, 2022, 07:57:06 AM
Merited by JayJuanGee (1)

Quote
Bitcoin Mining Companies Owe Over $4B, Core Scientific Owing the Most: Report


https://www.tronweekly.com/bitcoin-mining-companies-owe-over-4b/?fbclid=IwAR1sdazhEGmo08c8j_XnxVk_3UGVqPhvPI8TdrSZTuN-W-Ew4yaiclFVoOE


Bitcoin Mining hopefully spiked started next year last term, fully hipe on is 2024 BTC so some news is called on confused.
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December 27, 2022, 08:01:21 AM


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December 27, 2022, 08:11:05 AM
Merited by JayJuanGee (1)

BitcoinBTC is the journey and the destination ✨




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December 27, 2022, 09:01:20 AM


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December 27, 2022, 09:53:37 AM

sry couldn't find the article that I read anymore...

but here is an older one from summer:
https://fortune.com/2022/07/12/texas-bitcoin-miners-paid-shut-down-power-grid-electricity-blackout-heat/

Sorry, it’s behind a paywall.


For me it makes sense. Miners provide an important service to grid security by relinquishing some of their profits. I think that's worth a (partial) compensation.

Maybe, but I still wouldn’t trust any government hand outs. It sounds a lot like the lockdown mottos, “I’ll pay you to stay home and don’t travel”.
Another attack vector on Bitcoin perhaps? philipma can tell us if he knows anything more to it.



Adding to Antisthenes' list of privacy tools:

VeraCrypt — A free, open-source (any closed-source encryption tool should be considered as compromised) encryption software for Windows, Mac OSX and Linux.

Looks promising.
But here is the problem, although I’m a great fan of open-source and agree that closed-source should be treated as compromised, the truth is somewhere in between. Windows and Mac OS? Pfff. Choose your poison wisely.

BTW, the list goes on and on, from the best antivirus around - Comodo - to Malwarebytes and Deep Freeze.
Especially the later, was one of my favourite back in the days.

One last input about password managers. Having a single point of failure - does not bind well in my world.



It's about sending a message. Full boycott.

Aye.


Down with the bullshit agenda that Hollywoke is pushing.

Hey, it’s a matter of polyticks. Tongue

+ 1 WO’s merit.



Merit begging through reverse psychology.




Exactly!!!  That's what I had b trying to say.

How about you snowflakes, quote the most important part of that post?

~ because it deflects and distracts attention from the important stuff, empowering scammers.


Remember you are looking at shadows on the cave wall, try to find and then move closer to the entrance of the cave, then at least you will start to get closer to the light.   Also, it may be good if you can try to move close enough to the entrance in order that you are able to actually see outside.

How about you remember to: never quote me and never merit me for a change?
I’m aware that I have a very sweet dick, and for that very - understandable - reason, you are inclined to grab it, hold it, and suck it to the end of times, but ffs Jay, this debate will lead us nowhere.
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December 27, 2022, 10:01:16 AM


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December 27, 2022, 10:29:56 AM

sry couldn't find the article that I read anymore...

but here is an older one from summer:
https://fortune.com/2022/07/12/texas-bitcoin-miners-paid-shut-down-power-grid-electricity-blackout-heat/

Sorry, it’s behind a paywall.

yeah whatevs.. maybe search for it yourself, if you are interested. Not going to spoonfeed you  Wink
At least you now got a hint that something is going on regarding miner shutdown compensation..


For me it makes sense. Miners provide an important service to grid security by relinquishing some of their profits. I think that's worth a (partial) compensation.

Maybe, but I still wouldn’t trust any government hand outs. It sounds a lot like the lockdown mottos, “I’ll pay you to stay home and don’t travel”.
Another attack vector on Bitcoin perhaps? philipma can tell us if he knows anything more to it.

BTC has various use cases. That includes using the BTC network as a balancing tool for the energy grid.
If the community (government) decides to pay you on top of the mining rewards, so they can have enough energy in emergency situations, why not.
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December 27, 2022, 11:01:18 AM


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December 27, 2022, 11:40:08 AM
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I respectfully

2023
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December 27, 2022, 01:45:47 PM
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sry couldn't find the article that I read anymore...

but here is an older one from summer:
https://fortune.com/2022/07/12/texas-bitcoin-miners-paid-shut-down-power-grid-electricity-blackout-heat/

Sorry, it’s behind a paywall.

That's what 12ft.io is for.
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December 27, 2022, 02:01:18 PM


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December 27, 2022, 02:23:49 PM


~snip

Season's Greetings to all WOers!

We may be a little lower that many of us had predicted for this time of year ($17k vs. $100k+), but a true WOer knows that GTCTTWW.

Be well, love and be loved, enjoy yourselves, and... HoDL!
Can't remember what it means.

Brain no doesn't work that great at all times.
 Tongue Tongue Tongue
I'm pretty sure it's an acronym for Gay-Themed Christmas Tradition Titillates Wall Watchers

 I'm sure if you thought about it a little longer though it would come to you... since it's a good thing and you will have waited for it to come to you.

Huh?  That should have been easy to recall.  Funny I could not remember it.  I need to go for a doctor (or psych) check-up.

~snip

 I wouldn't worry about not being able to expand an acronym, which you likely haven't seen more than a handful of times in your life, at first glance.   On the other hand, if you find yourself forgetting how to buy and hodl bitcoin, you should probably get yourself checked out.

NB I am not a doctor and this is not financial advice.
#nohomo

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December 27, 2022, 02:38:10 PM
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It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.
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December 27, 2022, 03:01:22 PM


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December 27, 2022, 03:11:04 PM

It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.

What source for that rumor do you have?
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December 27, 2022, 03:16:56 PM

It seems like the market is keeping its eyes on Grayscale at the moment. Rumors are starting to circulate that they could fall and have to liquidate their holdings, which would likely send the Bitcoin price down below $10K. We’ve reached the gambling part of the bottom. Will the dominoes continue falling or is this peak market fear and time to buy. I guess we’ll have to wait and see how 2023 goes to get our answer.

What source for that rumor do you have?

The rumors are they holding 635,000 BTC



https://twitter.com/whalechart/status/1607457754939289600
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December 27, 2022, 03:30:43 PM
Merited by JayJuanGee (1)

I was analyzing Bitcoin's RSI on Weekly Timeframe.
I noticed something similar happening as compared to 2018.

Down represents when RSI crosses RSI's Moving Average downwards.
Up represents when RSI crosses RSI's Moving Average upwards.

In 2018, there were 5 Down Crosses before bottom was in. After the last down cross, BTC went down 50%.
Currently, 5th Down Cross happened on 5th Dec, 2022. Let's see if Bitcoin follows the similar pattern.

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