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

[eXPHorizon]

Jackly Preacher is coming to make ya some Toast sandwitch

[stadus]

I voted on the poll, and I'm happy that most of us are optimistic about seeing a new all-time high (ATH) in 2024.

This means we shouldn't worry about what will happen to Bitcoin this year. It's not expected to reach a new ATH, so there's still plenty of opportunity to accumulate. I'm not a technical analysis expert, but based on experience, I've noticed that it's easier to make money when the market is in a bull run.

So, guys, just enjoy what you're doing now. The price may experience a temporary dump, but we know it's just an opportunity in disguise. Dumps present opportunities.

[xhomerx10]

Not your server, not your images.  As a long-term bitcoin hodler, how did I not see that coming?
 Muh postings!!!!! queue open-mouth disease.

 postimg.cc resizes your posts? 

 

[HI-TEC99]

Not your server, not your images.  As a long-term bitcoin hodler, how did I not see that coming?
 Muh postings!!!!! queue open-mouth disease.

 postimg.cc resizes your posts?  

 

Do I have to use my server?

[macson]

Funny how no one asks the question, "Why the hell does the U.S. Govt have a massive bitcoin balance if TPTB hate bitcoin and crypto so much?"

Here is another funny question, "What the hell does the U.S. Govt plan to do with the massive bitcoin balance they have?"

what i think the U.S. Govt will do with the bitcoin they hold;

• buy a lot of pizza then distribute it to all residents as a commemoration of bitcoin pizza day is coming soon
• make the bitcoin they have as collateral for a debt

just a funny thought....

[Gachapin]

just a thought:
there is a possibility that the next halving bullrun arrives later than usual.  almost everyone seems to expect a normally scheduled bullrun... and that alone should actually be enough of a reason for it not to happen.  On top of that we might face some medium-term price pressure from the US Gov. sitting on 200k BTC, and from some of the 140k Gox coins...

Yes.. a lots of things "could happen."

I am not very convinced about your prognostication... if that's how we might label your above Nostradamus wannabe attempt?

My statement was clearly preceded by the remarks "just a thought" and "there is a possibility".  Why would you wanna label that as a Nostradamus prognostication, when it's clearly not a prediction?

So I wouldn't be surprised if we don't get what most people expect this time. But what do I know...

Probably not very much.

 

That was a lay-up, no?

we could have that in common when it comes to knowing the future

[Richy_T]

Not your server, not your images.  As a long-term bitcoin hodler, how did I not see that coming?
 

I did host CB images for a while but that is poor opsec and makes you a target. Doing something in the cloud might work.

[LFC_Bitcoin]

200 weekly MA defended for now, the bleeding has stopped for the moment. Feels like we’re on a knife edge, will the US default or will the debt limit be lifted?

The halving is less than a year away but we are going to get volatility before it I think.

Pepper your angus.

[MCUKing]

200 weekly MA defended for now, the bleeding has stopped for the moment. Feels like we’re on a knife edge, will the US default or will the debt limit be lifted?

The halving is less than a year away but we are going to get volatility before it I think.

Pepper your angus.

Halving Event is one of the most awaited events for Bitcoiners but seems like these days something is going in a wrong mode in the Bitcoin Discussion there maximum of comments and topics referring to some sort of Issue Ordinals and they are even linking it with fundamental destruction of ideas (In Bitcoin). What I picked up is this is going to be a controversial topic again and be going to be one of the most Hot trend named Ordinals VS BTC

https://ibb.co/0r5B5gn

[HI-TEC99]

...

Pepper your angus.

Or enhance it with a good dry rub.

[philipma1957]

200 weekly MA defended for now, the bleeding has stopped for the moment. Feels like we’re on a knife edge, will the US default or will the debt limit be lifted?

The halving is less than a year away but we are going to get volatility before it I think.

Pepper your angus.

I like a bit of salt and rosemary on my Angus.


But if the US defaults it will be a first in history.

[Hueristic]

200 weekly MA defended for now, the bleeding has stopped for the moment. Feels like we’re on a knife edge, will the US default or will the debt limit be lifted?

The halving is less than a year away but we are going to get volatility before it I think.

Pepper your angus.

I like a bit of salt and rosemary on my Angus.


But if the US defaults it will be a first in history.

They should open up the strategic reserves and flood the market, that will show them.

[HI-TEC99]

[Volgastallion]

Change that for buy BRC-20 tokens on 2023.

[BitcoinBunny]

Come on Sweden and Eurovision babe Loreen!

[philipma1957]

Well If you brought BTC in Feb Mar Apr 2021 you are pretty cut up.

price was 39k to 67k to 49k for those months

[HI-TEC99]

Well If you brought BTC in Feb Mar Apr 2021 you are pretty cut up.

price was 39k to 67k to 49k for those months

[El duderino_]

True Bitcoin community #Few.

[eXPHorizon]

[Gachapin]

just a thought:
there is a possibility that the next halving bullrun arrives later than usual.  almost everyone seems to expect a normally scheduled bullrun... and that alone should actually be enough of a reason for it not to happen.  On top of that we might face some medium-term price pressure from the US Gov. sitting on 200k BTC, and from some of the 140k Gox coins...

The 2021 bull market was expected after the halving and it did arrive. Halving was in May and in November we were already at a new ATH.

the point for me is when after the halving.
Last time it started actually earlier than expected (not around eoy like usual).

Are you saying that people weren't expecting a pump in 2020 after halving?

I'm saying that with every cycle it gets more unlikely that the bullrun follows the expected schedule with evermore people expecting said schedule.
You could already see that the last bullrun started a bit earlier, and that it had an almost double top. quite different from what most people expected.

So I wouldn't be surprised if we don't get what most people expect this time. But what do I know...

Interesting...

So this is what I wrote in another thread

Have you noticed that there are 2 main types of analysts?
Type 1: The pattern is repeating.
These guys look for something in the past and think it's going to happen again. Some examples of their thinking:
Last time the bitcoin bear market took 400 days, so we're going to be in a bear market for at least that long.
In the last bull market bitcoin made 20x the former ATH so this time it's gong to do the same.
Last time bitcoin lost 75% in the bear market so this time it will also do it.

Type 2: This time is different.
These guys contradict type 1 analysts by looking for things that can mess up their predictions.
But this time we're in a recession.
But this time we're also in a stock bear market.
But there's a war in Ukraine.
But this time bitcoin can't go 20x because there's too many altcoins that take away from the total market cap.
In the last bear market there was no FTX.

A few minutes later I go through the thread and find exactly what I was thinking about. The "this time it's going to be different" prediction.

I have to disappoint you.  That wasn't my prediction you found there.
 
When I described my statement with "just a thought" and "there is a possibility", I hoped it to be obvious that it's not a prediction.  I was merely brainstorming some thoughts.

So you support the theory that we can't all be rich, so if there's a large enough group thinking that bitcoin will go up, it will go down, so that the majority can be squashed and the one that swims against the current can win. I could give you a number of cases in the history of bitcoin where this wasn't the case. For instance, after falling 60-40k, at least half of the traders felt like this couldn't be the end and more likely a correction before another move up, and it was. If you bought at 30k, or held through the correction, there was a new ATH just around the corner. It wasn't the high most of us expected, but it was a new high.

I hope I don't misunderstand you.  But you will always find examples where the expectations of the majority came true.  But that's not the common situation in markets.  Otherwise John Doe would just follow the herd and be rich, which obviously is not the case.

Everyone getting rich might be a rather childish idea, but Bitcoin is probably the best shot to achieve that.
Probably by hodling. Certainly not by timing market movements.

This looks to me like a final attempt to put a pressure on the price and capitulate on the mood.