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

[OgNasty]

there you go buddy... another ayh

30800

31k realll soon

Feeling like we’ll be hitting $31K tomorrow. It feels to me like the market has decided it’s time to rally into the halving. Sure, there’s some hurdles left still like mtgox distribution of funds and the US government dumping BTC, but I think the FOMO that people are about to experience will outweigh any amount of coins hitting the market. We might see some chop over the next year but I’m pretty sure we’ll be higher by the end of the year than we are now.

[1714645216]

1714645216

[1714645216]

1714645216

[1714645216]

1714645216

[ChartBuddy]

Explanation

[Hueristic]

Americans’ IQ scores are trending in a downward direction. In fact, they’ve been falling for over a decade.

According to a press release, in studying intelligence testing data from 2006 to 2018, Northwestern University researchers noticed that test scores in three out of four “cognitive domains” were going down. This is the first time we’ve seen a consistent negative slope for these testing categories, providing tangible evidence of what is known as the “Reverse Flynn Effect.”

https://www.popularmechanics.com/science/a43469569/american-iq-scores-decline-reverse-flynn-effect/


Yup its official.

[BobLawblaw]

$31K in one hour confirmed

This could be the one

Asshole.

Again.

[JayJuanGee]

Feels to me like there is still a great deal of buying pressure. The retest below $30K didn’t get much action and we’re already seeing new highs as buyers scoop up all the BTC they can. I think it’s safe to say the worst is behind us and we’re going to be seeing higher prices for a while now. It’s looking like there’s a good chance we’ll be above $40K by the end of the year.

The chance of 40k and up in Q2 is the same imho…

yeah 40k would be nice for may

Yeah.. $40k is the new $70k...


hahahahaha


but geez, I am starting to have some confidence that the bottom could be in .. perhaps.. so what we seem to have is a pretty decent ability to get above the 200week moving average (which is currently at $25,700) and to mostly stay above it (which is a good sign), and the 100-week moving average is around $34,598, and sure there could be some resistance at the 100-week moving average..

...but personally, I am considering that our most important resistance is in the $48k to $55k price arena, which would be the price area that is just prior to entering into "no man's land" - if any of us (besides yours truly) still believe in that kind of a dynamic that from my perspective could facilitate some resistance just prior to entering and then lack of resistance once inside of it.. (and just for reference sake, I would tentatively consider our current no man's zone to be somewhere in the ballpark of $55k to $92k----- and maybe I am being a bit too broad with that.. maybe a more narrow range for our current tentative noman's land might be $58k to $88k?  but what do I know.?.. it's a working thesis.. and further these are largely ballpark kinds of ideas, anyhow... in the sense that it is nice to have some ballpark ideas rather than flailing with any "nice-sounding" theory that happens to get generated out of the woodwork.

Okay. I have a question. Is Taproot Upgrade is Smart Contract? How Taproot upgrade helped Bitcoin? I am puzzled after reading some articles. Maybe it is because I am not understanding how it works. One article said the Taproot upgrade enables verifying multiple signatures at once. Another article said it's a smart contract upgrade. How it's related to SegWit? Wasn't SegWit upgraded before the Taproot upgrade? SegWit departs the signatures data. The block already contains more data after the SegWit Upgrade. So, what Taproot did do?

Sounds kind of technical for these here parts, but hey?  maybe some guy might be willin to go down the 'splainin path with you, but not this here cat.  i am too busy with non-technical matters.. or at least I see that there are a variety of wallet option types and some support legacy only, or legacy segwit or segwit with bech 32 or taproot (I think in that order), and I fucking have hardly any clue regarding when to use which, even though it seems that I have been using bech 23 addresses a lot recently and it got me into a bit of quagmire once (just last week when I sent a legacy segwit to a bech 32 address and then it kind of got lost for a while - did not go through.. yet I was able to send it again (after about 4 days of my wondering where the transaction had gone.. it was a decently sized transaction.. just saying.. but whatever all is good in JJG landia in regards to not having had lost those BTC that I had tried to send from a legacy segwit to a segwit with bech 32 address.. whatever the fuck that means? #justsaying)...

[Suzume]

Exactly 2 years ago, BTCBitcoin    surging to all-time highs. Only a matter of time


source

[ChartBuddy]

Explanation

[Bitcoin_News_MS]

https://i.imgur.com/vMMrcFp.gif

BTC is growing like fire now 🤑🔥

[Suzume]

[Bitcoin_News_MS]

https://i.ibb.co/WtMhJ2Z/images-29-01.jpg

You are right, we are small users, so no one gives us merit, 

[John Abraham]

You are right, we are small users, so no one gives us merit, 

Earn it if you can.
Stop whoring for merits!
Go somewhere else. Stop spamming freaking noobs

[AlcoHoDL]

$1,000,000 in 63 days.

[ChartBuddy]

Explanation

[OutOfMemory]

Some days I wake up and think "Huh... I wonder how mindrust is doing since he panic sold his bags at the bottom? I wonder what the fiat value would be worth today if he held..."

Today is one of those days.

today's value about 300k.
he said he got out almost break even. became a shitcoin advocate after that... probably still is

If you are not willing to take paper losses in your first cycle, Bitcoin is not for you I guess

Well, of course none of us can completely speak for mindrust, and he did stick to his word (so far) in terms of not coming back to the WO thread anymore... but sure of course, he is still active on the forum, but he is largely attempting to "do his own thing," and sure maybe part of his problem was that he was overly sharing some of his details... and yeah, sometimes any of us could get overly emotional in regards to our stash of lillie precious and end up "overly sharing" details.

I am pretty sure that for mindrust, it was a bit more than a whole cycle.. and sure maybe he was trying to rush matters, because he said that he was quite sure that he made too many mistakes in the 2014 to 2017 timeframe because he got too much caught up into a variety of shitcoins and he lost quite a bit of money by playing that game, and you can see that he had a registration date in 2013, so there is some credibility to his claims of having had fucked up and had not hardly made any money, and so in some sense, it would have been his second cycle that was for him to be trying to make up for his mistakes of his first cycle.. so part of the problem in terms of trying to make up for mistakes, but not necessarily realizing the mistake may well have been his inclinations to gamble, so he ends up way overly investing into bitcoin in the second cycle, in such a way that he thought that he was going to be fucked if the BTC price kept dropping below $4,500-ish around the price that he sold all of his BTC stash, which was 10 BTC at that time (based on his then representations).  

Many of us likely realize that it can be difficult to see our mistake when we are in the midst of it... and even if we can see the mistake we still can have real strong obstacles keeping us from sufficiently snapping out of our posture.. or some play that we made that was not necessarily a good idea (which  was selling them all at $4,500-ish).

More than three years later, and he is still having difficulties facing the issue with us... and maybe he just sees the world differently.. or maybe he just does not want to confront that part of his history - which does seem to be problematic, especially since he had already been pretty extremely public about it.. but I suppose if he does not attempt to address it then then he feels some value in "not going there" and considering "going there" to be a waste of his time.  

No matter what, if mindrust would have had a straight eye at the facts, history, developments and user base or current state of adoption of Bitcoin, he would have had the strongest reason for NOT selling the bottom: Trust.
Some day he explained his nickname actually means "peace of mind", which is kind of contrary to his gambling move, when he actually lost the peace-of-mind, or i possibly didn't get the meaning of his explanation right.
He could handle the consequences by just admitting he had a wrong view at Bitcoin. He didn't learn that the value of BTC is actually (much) higher than the value of fiat money, and that - as most of us know by now - is an implicit fact. Some call it scarcity, i heard...

* OutOfMemory switching off irony-mode

So i think the main problem was not getting overinvested in Bitcoin (like i am, for example), but looking at it from the wrong perspective. Like a fast-forward-savings-account, or a loan with high rates, a mysterious money doubling machine, of the likes.
Whores get exploited, you know. Even if it was an awesome fuck, it left him feeling empty.

It's our fault for wanting to talk about the realities of life and the realities of dealing with extreme volatility and even like battles going on out there...  ... and his case (circumstances) was (were) so text book perfect.. or nearly text book perfect..

Yeah. It's a thing of perspective. He became some kind of ... legend to the WO, but not exactly in the best of ways  
At least, he could also be proud not to be forgotten in these here parts. Like Roach (if still alive) among others, most of us know the (nick)names.

[jojo69]

https://www.youtube.com/watch?v=ZEcqHA7dbwM

[ChartBuddy]

Explanation

[OgNasty]

$31K! This rally is going strong! Hard to believe there is so much buying going on right now. I wonder where a majority of the buying is coming from. I suspect a lot of it is retail buying outside the US or possibly investment funds who realize we’ve moved passed the bottom for this cycle. Feels a lot like we might be headed to $45K before this rally stops.

[sirazimuth]

.....

Okay. I have a question. Is Taproot Upgrade is Smart Contract? How Taproot upgrade helped Bitcoin? I am puzzled after reading some articles. Maybe it is because I am not understanding how it works. One article said the Taproot upgrade enables verifying multiple signatures at once. Another article said it's a smart contract upgrade. How it's related to SegWit? Wasn't SegWit upgraded before the Taproot upgrade? SegWit departs the signatures data. The block already contains more data after the SegWit Upgrade. So, what Taproot did do?

Sounds kind of technical for these here parts, but hey?  maybe some guy might be willin to go down the 'splainin path with you, but not this here cat.  i am too busy with non-technical matters.. or at least I see that there are a variety of wallet option types and some support legacy only, or legacy segwit or segwit with bech 32 or taproot (I think in that order), and I fucking have hardly any clue regarding when to use which, even though it seems that I have been using bech 23 addresses a lot recently and it got me into a bit of quagmire once (just last week when I sent a legacy segwit to a bech 32 address and then it kind of got lost for a while - did not go through.. yet I was able to send it again (after about 4 days of my wondering where the transaction had gone.. it was a decently sized transaction.. just saying.. but whatever all is good in JJG landia in regards to not having had lost those BTC that I had tried to send from a legacy segwit to a segwit with bech 32 address.. whatever the fuck that means? #justsaying)...

Taproot is not a smart contract in the traditional sense, but it is an upgrade to Bitcoin's scripting language that can enable more advanced smart contract functionality. Taproot is a soft fork upgrade that was activated on the Bitcoin network in November 2021.

One of the main benefits of the Taproot upgrade is that it improves Bitcoin's privacy and security by allowing more complex transactions to be executed while appearing as a simple transaction on the blockchain. This is achieved through a technique called "Merkleized Abstract Syntax Trees" (MAST), which allows multiple possible spending conditions to be hidden within a single transaction, making it difficult for external parties to determine which conditions were actually used.

Taproot also enables the implementation of advanced multi-signature schemes, which can be used to enhance the security of Bitcoin transactions. With Taproot, multiple signatures can be aggregated into a single signature, reducing the amount of data needed to be stored on the blockchain. This reduces transaction fees and allows for more efficient use of Bitcoin's limited block space.

In terms of its relationship to SegWit, Segregated Witness (SegWit) was a previous soft fork upgrade that was activated on the Bitcoin network in August 2017. SegWit separated the transaction signature data from the transaction data, which allowed for more transactions to be included in each block. Taproot builds upon SegWit by further optimizing the way transactions are structured and by enabling more advanced smart contract functionality.

In summary, Taproot is an upgrade to Bitcoin's scripting language that enhances privacy, security, and scalability while enabling more advanced smart contract functionality. It builds upon the benefits of SegWit by further optimizing transaction structure and enabling more complex spending conditions to be hidden within a single transaction.

[HI-TEC99]

Americans’ IQ scores are trending in a downward direction. In fact, they’ve been falling for over a decade.

According to a press release, in studying intelligence testing data from 2006 to 2018, Northwestern University researchers noticed that test scores in three out of four “cognitive domains” were going down. This is the first time we’ve seen a consistent negative slope for these testing categories, providing tangible evidence of what is known as the “Reverse Flynn Effect.”

https://www.popularmechanics.com/science/a43469569/american-iq-scores-decline-reverse-flynn-effect/


Yup its official.

[ChartBuddy]

Explanation