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

[Biodom]

I have a question...

If in about 5 years (early 2028) bitcoin is 25.5k (now it is 23k vs 20K in Dec 2017, so a similar small rise with lots of down and up volatility in between), would you be content?
I might be, but would be very surprised at such stability.
Honestly, I just cannot comprehend why we are still below a $tril in mcap, considering everything that happened already (gigantic money printing, 500tril assets market cap, etc, etc.).

Perhaps, bitcoin diffuses into the collective psyche quite slowly, but afterwards stays permanently entrenched in someone's mind.

Oh on topic.  

it's a funny little snippet considering that rant about vests and governors, ain't it, phil?

i kid, i kid 

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[BitcoinBunny]

All of my friends and me
Wild about
The last of us “serie”
But maaaaaaaaaaaaan that 3th episode fucked up a lot

Fast forwarded through almost the entire episode, not sure that had to do with the story line, if they keep that up wont be watching it anymore.

They just cant help but shove agenda into every fucking thing they touch these days.

If it continues I may just go back to the old days and lose the tv altogether.

Are you going to move to the mountains and write a "manifesto" too?


Asking for a friend.

So ignoring someone shouting crap in my face I don't like is akin to writing a manifesto now?

Well maybe maybe not.

I can list a long line of bs on tv shows that anger me.

I think the one that makes me more angry then anything is Trevor Noah commenting on New York State banning bullet proof vests.

"If you are not up to something nefarious you don't need a bulletproof vest in New York"

I was so pissed off at that statement I wanted the motherfucker to be fired.

and in under 2 months since he said it the motherfucker is gone.

So is this a manifesto? No it is not.

But New York City had over 3000 shootings in 2022 most of the people were victims and not up to anything nefarious at all.

So I am happy to see Trevor no more just for that one single statement of support for banning bulletproof vests in New York.

BTW I own guns and I own bulletproof vests. . So fuck Trevor and Hochel NY states bitch governor.

Have never understood the obsession with giving hypocrites such large platforms.

Trevor Noah (moaning about colonial past whilst he is making millions after immigrating to a rich country), Meghan Markle & Harry (exploiting race and their families which they are breaking in the process), Harvey Weinstein (women empowerment movies!) and frankly many Jewish movie makers in general (don't build walls or I'll punch you / their religious capital Israel being surrounded by walls & "you! should hire more women to make movies", whilst the men saying that still cash in and never offer to be replaced themselves!)

The list is endless of these preaching hypocritical mofos.

They are all ending up making themselves look pretty stupid in the end too it seems.

[BitcoinBunny]

What could go wrong?

[ChartBuddy]

Explanation

[sirazimuth]

Well then, was math discovered or invented?

If you were to completely destroy all books, websites, etc. on mathematics and wipe all memories and knowledge on math from everybody's memories, eventually people would rediscover math. Sure, the symbols, numbers and letters might look different (the number 5 might look like this ->◢) but the axioms (rules of math) would still be the same. 2 apples added to 2 apples will always result in 4 apples.

Bitcoin, on the other hand, is built on the foundations of different technologies. We would first have to invent a computer which works exactly like today's computers work (0s and 1s), then we would have to invent the internet exactly the way it is, and we would have to invent the concept of money exactly the way it is and so on.

If we were to reset all of civilization, who says Bitcoin would be technologically possible or even required (For example in a money-less civilization?)

I see.  So goldkingcoiner does not subscribe to the assertion that bitcoin was discovered.   

Depends on the perspective. We discovered Bitcoin. Satoshi invented Bitcoin.

Just for shits and giggles I had to ask ChatGtp…because of course I did…

Me... "Was calculus discovered or invented?"

 

ChatGpt open AI...."Calculus is considered both a discovery and an invention. On one hand, the concepts and methods of calculus arose from the observations and study of mathematical and physical phenomena. On the other hand, the systematic development and application of these concepts required significant creativity and ingenuity, and the modern formulation of calculus is the result of the efforts of mathematicians such as Sir Isaac Newton and Gottfried Wilhelm Leibniz."

[Hueristic]

Well maybe maybe not.

I can list a long line of bs on tv shows that anger me.

I think the one that makes me more angry then anything is Trevor Noah commenting on New York State banning bullet proof vests.

"If you are not up to something nefarious you don't need a bulletproof vest in New York"

I was so pissed off at that statement I wanted the motherfucker to be fired.

and in under 2 months since he said it the motherfucker is gone.

So is this a manifesto? No it is not.

But New York City had over 3000 shootings in 2022 most of the people were victims and not up to anything nefarious at all.

So I am happy to see Trevor no more just for that one single statement of support for banning bulletproof vests in New York.

BTW I own guns and I own bulletproof vests. . So fuck Trevor and Hochel NY states bitch governor.

Well, there you go, my point exactly.

If they bait and switch shit on me then I don't need some fucktard telling me i'm wrong for refusing to succumb to their agenda.

If I wanted to watch a fucking romance I would watch the fucking hallmark channel with all the rest of the girls.

The only reason there is not more complaints about it is because it was gay and for some reason you cant tell a gay to get out of your face now.

Just because I believe you have a right to be anything and do anything you want does not mean that you have a right to force me to watch.

[JayJuanGee]

I have a question...

If in about 5 years (early 2028) bitcoin is 25.5k (now it is 23k vs 20K in Dec 2017, so a similar small rise with lots of down and up volatility in between), would you be content?
I might be, but would be very surprised at such stability.
Honestly, I just cannot comprehend why we are still below a $tril in mcap, considering everything that happened already (gigantic money printing, 500tril assets market cap, etc, etc.).

Perhaps, bitcoin diffuses into the collective psyche quite slowly, but afterwards stays permanently entrenched in someone's mind.

That's a pretty unlikely scenario Biodom, but of course, we have to deal with whatever happens.. including negative scenarios and including less than expected performance scenarios.

If we calculate out what you are doing, you are describing a case in which the BTC price largely ONLY goes up about 2% per year for the next four years, and sure it could happen, but how likely is that kind of a scenario?  Yeah, of course, prepare yourself for the negative scenarios, but really?

Another thing that you are doing is framing your starting point as the top of the 2017 BTC price and acting as if that is a good starting point for framing where bitcoin is in comparison to from where it has come, and perhaps you are not doing it intentionally (and yeah you have done that several times previously - Maybe you are infected with negative Nancy-itis?), but it seems a bit of a unfair framing of where we are at, and from where we have come.

Largely a person who has come into bitcoin from 2017-ish, even if they came into bitcoin near the top should have been smart enough (or not too dumb and compulsive enough) to have had NOT gone in balls to the walls at the top of the 2017 peak (which was largely a 78x price appreciation in about 2.5 years that anyone could have looked at the BTC  charts in order to have had seen that).  Yeah, some people are dumb, and some people are compulsive and do not know what the fuck they are doing, but I would NOT be wanting to make those people out to be representative - even if it is possible that a lot of fuck ups could have happened in the last 5-6 years in bitcoin in order to have had caused any person entering into BTC at the top of the BTC price rise in 2017 to have ended up having an average cost per BTC that is a bit north of $10k per BTC... but it seems a bit too lopsided to suggest that they had started out at $19k-ish** per BTC when the fact of the matter remains that they had a whole hell of a lot of opportunties between late 2017 and late 2020 to have had purchased a lot of BTC below $10k per BTC - even if maybe I will grant you that worse case scenarios may well have put a decent number of late 2017 entrants at cost of BTC that are a bit north of $10k per BTC.

**By the way, another thing that I see in your bordering on disingenuine post (your fuck) is that you are not even using $19k as the top of the BTC price in December 2017, but you are rounding up to $20k because it is easier right?       

[Hueristic]

Honestly, I just cannot comprehend why we are still below a $tril in mcap, considering everything that happened already (gigantic money printing, 500tril assets market cap, etc, etc.).

Well, thats simple and people seem to have just ignored it as it was an inconvenient truth.


Manipulated DERIVATIVES.





This piece of shit got the Ok from the FED to fuck us and everyone rolled over and popped their asses in the air like good little girls.

[sirazimuth]

Well then, was math discovered or invented?

it depends...

https://www.scientificamerican.com/article/is-the-universe-made-of-math-excerpt/

Interesting article. Thanx for link.
Added bonus… I didn’t hit a f*****g paywall.

[ChartBuddy]

Explanation

[Biodom]

Honestly, I just cannot comprehend why we are still below a $tril in mcap, considering everything that happened already (gigantic money printing, 500tril assets market cap, etc, etc.).

Well, thats simple and people seem to have just ignored it as it was an inconvenient truth.


Manipulated DERIVATIVES.





This piece of shit got the Ok from the FED to fuck us and everyone rolled over and popped their asses in the air like good little girls.

well, we are trying to ignore this inconvenient 'truth" because admitting it or rather submitting to it would mean that we are under their foot, maybe forever.
I don't want say that it is an ultimate truth, but acknowledge some nonzero possibility of this, just as you do, apparently.

[HI-TEC99]

Well then, was math discovered or invented?

it depends...

https://www.scientificamerican.com/article/is-the-universe-made-of-math-excerpt/

[HI-TEC99]

[ChartBuddy]

Explanation

[Biodom]

@jjg..well, $19,798 is pretty much 20K in my book (according to rounding rules), but it is a minor point....that you seem to be awfully sensitive about.

BTW, the average price of btc between Dec 2017 and today is also quite surprising (not!) $20.3K...how does this reflect on DCA vs bulk purchase debate?
Basically, you could have DCAed weekly since 5 years ago (or 260 weeks) and your average would have been more than btc price just a month ago (only 4wk or 1.5% of the putative DCA time).
This shows, in my opinion, that better strategy in bitcoin is to have a large stash of cash and to wait for more than 60-70% decline from the recent ATH, then pounce at once or in a few big "gulps".

[Xinarae*]

#Bitcoin is Knowledge.


https://twitter.com/saylor/status/1620426318893699072/photo/1


Hopefully one day bitcoin lover can buy apple company, Maybe it will also create a new confidence.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[philipma1957]

What could go wrong?

thats funny

[ChartBuddy]

Explanation