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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[1714294634]

1714294634

[1714294634]

1714294634

[bitcoinPsycho]

https://decrypt.co/142711/us-debt-ceiling-deal-blocks-30-bitcoin-mining-tax-congressman

"The proposed Digital Asset Mining Energy tax has reportedly been taken off the table, according to U.S. Congressman Warren Davidson."

[somac.]

Ha yeah, I get neck and back pain from sitting. Will be upgrading to a treadmill desk at some point as apparently this is the best thing to do.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

When 30k?

Observing 27,930@Stamp

Wen page parity?

[BitcoinBunny]

When 30k?

Observing 27,930@Stamp

Wen page parity?

Wednesday July 7th 2023 11am BST.

July is usually boom month.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Out of mind]

The Philippines is perfect for bitcoin adoption 🇵🇭

• Massive remittance market

• Huge tourist economy

• Already used to QR payments

• Roughly 44% without a bank
 account

• Young population

• Mobile/Internet native

• Huge hydro power potential for Bitcoin mining

https://twitter.com/BtcRetreat/status/1663265451198103553?t=6zaSuldP-FvNXWz3Mj_PeQ&s=19

[Volgastallion]

The Philippines is perfect for bitcoin adoption 🇵🇭

• Massive remittance market

• Huge tourist economy

• Already used to QR payments

• Roughly 44% without a bank
 account

• Young population

• Mobile/Internet native

• Huge hydro power potential for Bitcoin mining

https://twitter.com/BtcRetreat/status/1663265451198103553?t=6zaSuldP-FvNXWz3Mj_PeQ&s=19

Stop dreaming about it, and also BTC doesnt want to be that, BTC its a reserve of value more than a day to day coin, that was proved several times. Lets other coins be used for day to day and Gresham law work.


And other thing dont repeat the shit of "mining with renewables energy", that its pure missconception against PoW and BTC made by the powers, to destroy BTC.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

Apparently our attention seeking bro has figured out how to get quoted several times and elicit replies.

I'm not falling for it.

Are you contributing to it by referring to it?

Am I contributing to it by meriting you?

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[jojo69]

[Lucius]

Stop dreaming about it, and also BTC doesnt want to be that, BTC its a reserve of value more than a day to day coin, that was proved several times. Lets other coins be used for day to day and Gresham law work.
And other thing dont repeat the shit of "mining with renewables energy", that its pure missconception against PoW and BTC made by the powers, to destroy BTC.

You don't need to be so harsh, at least when it comes to the Philippines, which became famous some time ago for an island that has become very attractive for tourists who want to pay with Bitcoin. Furthermore, all those who advocate the thesis that Bitcoin is not a currency (nor should it be) are actually those who do not understand that this is the only way it will manage to survive.

When you say some other coins, do you think there is something better (not to say safer) than Bitcoin in terms of payment?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Torque]

OT:

I have to laugh at this latest pumping of Nvidia stock and the so-called coming "AI Revolution".

What a load of horse shit. Same playbook as other Wall Street PnD's of the past.

Remember the pumping of the 3D stocks (Stratasys and 3D Systems) around 2012-2013 during the so-called "3D Printing Revolution"?

Remember the pumping of Overstock stock during the so-called "Crypto Revolution"?

Remember the pumping of Peloton stock during the so-called "WFH and Exercise Revolution"?

Yeah, Pepperidge Farm remembers.  

Wall Street must think that the public is completely stupid and gullible at this point. Which...well, they are.    

[OgNasty]

A nice attempt at a bull run over the weekend but couldn’t get us back to $30K. It does seem like the pressure building is on the buy side though. I wouldn’t be surprised if we saw another jump up this week. The market seems to have decided the bottom is in the rear view. With mtgox making more progress towards distribution, the hurdles are becoming few and further between.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

A nice attempt at a bull run over the weekend but couldn’t get us back to $30K. It does seem like the pressure building is on the buy side though. I wouldn’t be surprised if we saw another jump up this week. The market seems to have decided the bottom is in the rear view. With mtgox making more progress towards distribution, the hurdles are becoming few and further between.

Well budget deal may pass.

And a fed pivot will come soon how soon don't know but soon.

I figure

June 14 +0.25%
July  26 +0.25%

Sept 20  0% Rally for 3 months
Nov.   1 -25%  
Dec  13 -25%.  end year near 45-50k

But as JJG says what do I know.

Oh we built mine from 1.3ph sept 2022 to 2.8ph right now and we go to 3.2ph in a week

we will be over 4ph in Sept.


I am hoping we mirror 2015 jump in price

Jan Sept 2015 200-250

Nov June 2015-2016  400-500

so we could be Jan 2023- sept  17k-31k
Nov-June 2024  34k-60k

all as a precursor to big 2025 rally 100K+

[darkangel11]

Well budget deal may pass.

When I read that fast, all I saw was  "budget deal my ass"

And a fed pivot will come soon how soon don't know but soon.

They could play the long game by not changing the rates hoping that it's not seen as weakness (pivot) and doesn't start a market rally.
If they keep the rates steady the market is going to see exactly that, so Jerome is in a lost position.