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

[ChartBuddy]

Explanation

[1714635148]

1714635148

[1714635148]

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[1714635148]

1714635148

[Bounty _BOX]

BREAKING: 🇧🇹 Kingdom of Bhutan's sovereign wealth fund is investing MILLIONS in Bitcoin  – Forbes


Source: Bitcoin magazine

[ChartBuddy]

Explanation

[Gachapin]

I somewhat think "what do I care" but out of interest:  Bitcoin is dumping harder than shitcoins..

Any explanation?

Mine would be

1) people are stupid

2) fake Bitcoiners buying shitcoins to prepare for shitcoin pumps

[Bounty Turd]

Running bitcoin

Sauce: halfin

[ChartBuddy]

Explanation

[Who is John Galt?]

It depends on whether the deluded fools who still trust the banks and the government will continue to keep their money there. Anyone with at least a little brain should immediately withdraw their money from the small banks and put it in the big ones with a guaranteed deposit, with a significant part invested in bitcoins.

And what has fundamentally changed since previous crises, what should have forced conservative supporters of the banking system to change their views so radically? People are very inertial in their behavior, so they will carry deposits in banks for a very long time. Bitcoin gives them a choice, but they have to make that choice themselves. And most will almost certainly stay with the banks for decades to come.

[ChartBuddy]

Explanation

[BitcoinBunny]

I somewhat think "what do I care" but out of interest:  Bitcoin is dumping harder than shitcoins..

Any explanation?

Mine would be

1) people are stupid

2) fake Bitcoiners buying shitcoins to prepare for shitcoin pumps

Yes people are stupid.

Look at the ridiculous low interest paid on savings accounts WHILST interest rates are at 15 year highs.

Banks don't give a crap about the retail sector since daddy government ensures they can take any risk and will be helped out and thus need to offer no reward, and that is after many of them had to be bailed out using taxpayers' precious money in 2008.

"Fuck 'em all" was the answer Bitcoin provided. Yet, people still don't get it and rather stay with big daddy poisonous, parasite banks and have replaced religion with big daddy government.

[El duderino_]

It seems that for now the feds have succeeded in convincing people that the money in their US banks is safe and prevented a massive bank run. But this may only be apparent, and the truth is that this process continues and will intensify with time. So I expect that after a certain time, new banks will go bankrupt and again the shares of the banks will become 0, because for no coverage. Ironic, isn't it? How many fat-necked bankers  ranted against Bitcoin that it had no cover and was going to 0. Lo and behold, their stocks went to 0, and Bitcoin thrived in a bear cycle, peeling away from stocks in an emphatic way.

Nothing can now save the banks and the USD from another historic collapse, accompanied by a severe economic crisis and high inflation. At the same time, there are no more crooks like FTX to print paper bitcoins and thwart the natural deflationary process. So we'll probably see a price above 40K soon, and it's entirely possible that by the end of the year we'll approach or surpass ATH. It depends on whether the deluded fools who still trust the banks and the government will continue to keep their money there. Anyone with at least a little brain should immediately withdraw their money from the small banks and put it in the big ones with a guaranteed deposit, with a significant part invested in bitcoins. I believe that this process has already started, but it is still under the surface, hidden by the banks, who are trying their best to prevent Bitcoin adoption. But they don't know how to do it because there's no way they can hit bitcoin exchanges and banks without collapsing their own economy and that boosting bitcoin even more. And accordingly they will not succeed.

Very very 180 degree opinion as a few weeks back

Liking this way more

[Bounty _BOX]

I somewhat think "what do I care" but out of interest:  Bitcoin is dumping harder than shitcoins..

Any explanation?

Mine would be

1) people are stupid

2) fake Bitcoiners buying shitcoins to prepare for shitcoin pumps

Friend you are right. Shitcoin is not pumping in the current market. Just pumping and dumping bitcoins. But I think shitcoins will be pumping ahead.

[Bounty _BOX]

Very very 180 degree opinion as a few weeks back

Liking this way more

Today the highest temperature recorded in my country is 41.5 degree. A very high temperature makes it very difficult for everyone to fast.

[BitcoinBunny]

Very very 180 degree opinion as a few weeks back

Liking this way more

Today the highest temperature recorded in my country is 41.5 degree. A very high temperature makes it very difficult for everyone to fast.

Yeah but the big old sky daddy will love you for your effort, right?

 

[Gachapin]

Very very 180 degree opinion as a few weeks back

Liking this way more

Today the highest temperature recorded in my country is 41.5 degree. A very high temperature makes it very difficult for everyone to fast.

If anyone forces you to fast, better stay away from these psychopaths.

And if you think you must fast (no drinking at 41°), better check if you haven't been brainwashed since you were young.


There are many toxic ideologies out there that wanna have power over you...  better be cautious...

[vroom]

Very very 180 degree opinion as a few weeks back

Liking this way more

Today the highest temperature recorded in my country is 41.5 degree. A very high temperature makes it very difficult for everyone to fast.

If anyone forces you to fast, better stay away from these psychopaths.

And if you think you must fast (no drinking at 41°), better check if you haven't been brainwashed since you were young.


There are many toxic ideologies out there that wanna have power over you...  better be cautious...

while fasting itself is not bad at all: https://ultrahuman.com/blog/autophagy-underrated-cellular-detox-you-should-know-about/

[ChartBuddy]

Explanation

[ivomm]

[snip]

Very very 180 degree opinion as a few weeks back

Liking this way more

The transition of institutions investing in Bitcoin falling like domino to the bank system collapsing in USA is the 180 degree change. This is denititely a black swan event which nobody could have predicted several weeks ago. I'm just trying to be realistic with no emotions involved and no selling based on emotions. I feel we need more post like that here. So, what looked like 4-5% probability reaching 48K in May now is way higher, probably above 40%. But then again nobody knows what the next black swan event would be. I feel that more bank filing for bankruptcy in US and Europe is coming in the next months and this will be very good for Bitcoin.

[Gachapin]

Very very 180 degree opinion as a few weeks back

Liking this way more

Today the highest temperature recorded in my country is 41.5 degree. A very high temperature makes it very difficult for everyone to fast.

If anyone forces you to fast, better stay away from these psychopaths.

And if you think you must fast (no drinking at 41°), better check if you haven't been brainwashed since you were young.


There are many toxic ideologies out there that wanna have power over you...  better be cautious...

while fasting itself is not bad at all: https://ultrahuman.com/blog/autophagy-underrated-cellular-detox-you-should-know-about/

Absolutely.  I'm doing intermittent fasting myself (only eat once in a day).  
But not drinking at 41°C has definitely nothing to do with healthy fasting.

[ChartBuddy]

Explanation

[OROBTC]

It seems that for now the feds have succeeded in convincing people that the money in their US banks is safe and prevented a massive bank run. But this may only be apparent, and the truth is that this process continues and will intensify with time. So I expect that after a certain time, new banks will go bankrupt and again the shares of the banks will become 0, because for no coverage. Ironic, isn't it? How many fat-necked bankers  ranted against Bitcoin that it had no cover and was going to 0. Lo and behold, their stocks went to 0, and Bitcoin thrived in a bear cycle, peeling away from stocks in an emphatic way.

Nothing can now save the banks and the USD from another historic collapse, accompanied by a severe economic crisis and high inflation. At the same time, there are no more crooks like FTX to print paper bitcoins and thwart the natural deflationary process. So we'll probably see a price above 40K soon, and it's entirely possible that by the end of the year we'll approach or surpass ATH. It depends on whether the deluded fools who still trust the banks and the government will continue to keep their money there. Anyone with at least a little brain should immediately withdraw their money from the small banks and put it in the big ones with a guaranteed deposit, with a significant part invested in bitcoins. I believe that this process has already started, but it is still under the surface, hidden by the banks, who are trying their best to prevent Bitcoin adoption. But they don't know how to do it because there's no way they can hit bitcoin exchanges and banks without collapsing their own economy and that boosting bitcoin even more. And accordingly they will not succeed.

Very very 180 degree opinion as a few weeks back

Liking this way more

Two good observations.  Seems that the 3% or so dip to $29,350 may be a gift (just read that BTC may lose 12% more though).  <== That's why we're here at W.O.  Who knows?