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

[philipma1957]

If I have to describe in one sentence the price action in 2019 and 2020 it would be "The battle for 10K". I'm just curious which will be the new 10K for 2023 and 2024 - 30K, 40K or even 50K? My guess is 40K.

My guess is $29,900 will become the new $9,900.

It'll go sideways for what seems like forever, occasionally teasing > $30k only to get squashed down over again and again.  

^^^^^^^^^^^

Hot take: We are here, and my estimate is that we will remain in this range, barting up and down, throughout 2023 and possibly into 2024.

Don't see any reason on the horizon for that to change until closer to halving. There will be a number of 'head fakes' along the way.

The only thing that could really alter this range bound is if Fed rates dropped by at least 2% or more.

Oh lookie, we still here. Same price range, different day.

Get used to it guyz....

works for me

[1714487637]

1714487637

[1714487637]

1714487637

[JayJuanGee]

I do not understand this move. Hong Kong is no longer independent. It is just an island off China. China was so against it, against crypto. And now it is being allowed? I do not get it.

It's not the first time that China has used a formally different jurisdiction of Hong Kong to experiment with something or to do some business ostensibly on behalf of Hong Kong's private banks. Hong Kong for them is like a big sandbox in which they build sand castles, which can then just as easily be destroyed.

China also has a practice that goes back at least 30 years in which it has been creating various kinds of special "economic zones" which had historically been supporting the facilitation of the export industry and to have special rules that were different (some might argue discordant and even contradictory) from the rest of the country within those kinds of special zones.

Bybit Exchange Pulls Out Of Canadian Markets Due To Regulatory Shifts
Due to recent regulatory changes Bybit Exchange has announced its decision to cease operations in Canada following in the footsteps of Binance and OKX. Stricter measures by the Canadian government including a pre registration process and a ban on leveraged trading prompted Bybit to suspend its service and ban deposits and new registrations from July 31. Users are advised to close their positions before September 30th. All remaining positions will be liquidated for withdrawal of funds.

@JayJuanGee why do you keep meriting this trash? You're just encouraging spammers to mindlessly shit in here. Some of them, like this one, buy old Bitcointalk accounts then come here for your easy merits.

This account nlovric belonged to an extraordinarily intelligent individual, now it belongs to a merit farmer. You keep meriting him, he keeps coming back for more. You're teaching him that spamming pays.

I wonder if merits could simply be turned off for the WO thread. I would rather see 10 ChartBuddy posts in a row than these sad solicitations for charity.

Yes.. propose to theymos that merits are "turned off" in the WO thread and see what happens.

Maybe, also (or as a potential back-up plan.... PlanB so to speak), you should propose that he (or anyone else who might "care") removes me (aka yours truly, aka this here cat) as a source (of problemas), since I don't seem to "know how" to exercise the discretion of my own wee widdo selfie verry goodie? 
or alternatively, you may well want to proclaim that I am not able to sufficiently/adequately identify which post(s) in these here parts MOAR deserve(s) dddddeeeeeeeee wwwwuuuuuvvvvvvvssssss (#nohomo) in accordance with your own views upon these kinds of wuvie duvie matters.

Or alternatively, even to that last alternative, you might consider showing the powers that be within this here forum that this place, WO and otherwise, needs a "merit czar," and you happen to know just the right peep who is ready, willing and able to take on such duties. 

If I have to describe in one sentence the price action in 2019 and 2020 it would be "The battle for 10K". I'm just curious which will be the new 10K for 2023 and 2024 - 30K, 40K or even 50K? My guess is 40K.

My guess is $29,900 will become the new $9,900.

It'll go sideways for what seems like forever, occasionally teasing > $30k only to get squashed down over again and again.  

^^^^^^^^^^^
Hot take: We are here, and my estimate is that we will remain in this range, barting up and down, throughout 2023 and possibly into 2024.

Don't see any reason on the horizon for that to change until closer to halving. There will be a number of 'head fakes' along the way.

The only thing that could really alter this range bound is if Fed rates dropped by at least 2% or more.

Oh lookie, we still here. Same price range, different day.

Get used to it guyz....

Why get used to it?  because you (aka nostradus wannabe, who quotes himself twice, uie puie) happen to have said it? #askingforafriend

 

[BTCaesar]

What the heck!
Peter Schiff has just become a bitcoiner?!

Source:
https://youtu.be/_MEh236YH_E

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Brace for a big old collapse that is going to make 2007-2009 look like a walk in the park.

I thought the same, but my timing in VIX call purchases was not great....so far 

[JayJuanGee]

...Brace for a big old collapse that is going to make 2007-2009 look like a walk in the park.

Philipma1957 is that you?  

I did not know that you had two accounts?

By the way, if you had not realized/noticed, the Fed (or should I say the Feds?) could ONLY wish that they have as much power (and control) as that meme depicts and they want you to believe that they have... especially when it comes to figuring out how to deal with dee cornz (aka the cat that happened to have gotten out of the bag or the toothpaste that happen to have gotten out of the tube).

Protip:  That ship has sailed... am I mixing too many metaphores?

While stocks have been rallying hard on the news, crypto hasn't joined this party yet.  

Fuck crypto.

I imagine at some point the rubber will hit the road and the crypto markets will rally as well on this news, but for now I find it a bit odd that they aren't.

ditto dat

who gives any shits about "the crypto markets?"

Likely, some fund money is moving from crypto back into stocks as they see the debt deal as an all clear sign to get back to their buffoonery.  

What is crypto?

Does it somehow relate to the topic of this thread, and dee cornz?

You never even mentioned dee cornz at any point in your post.

Hm?   I wonder.

do you know even know what is dee cornz (aka "dee catz is out of dee bags") ?

It's not a bad topic, and might even be a kind of way to use dee cornz in a game and maybe there might not be any KYC requirements.. and then to get coinz back out (if you don't end up getting rug-pulled along the way.. which sometimes could have to do with how coins are stored and dangers of keeping too many coins with third parties, if you know of various ways to self-custody your coins.. or move them around easily so that you do not become too lazy in terms of keeping too many coins with third-party systems), if you know what I am trying to say.  

Haha Yeah, I got it (WAYTTS) What are you trying to say..

Hmm, the concept is very hyped in today's generation, but as you said for the security concerns there are many practices that developers can follow if they are really committed to the project, or else greed cant be conquered.

The Ordinals concept is hated (in soft words disliked), especially over Bitcoin but this concept has some unique use cases again here comes the priority first if it's affecting the core and diverting the project goals (Bitcoin Goals) then there are many other solutions can be used.

I am not sure what you mean by "WAYTTS" but I do recognize that bitcoin is for everyone, so there are going to be a large number of areas in which aspects of bitcoin's ongoing adoption are going to contain ongoing messiness and lack of clarity regarding the extent to which any purpose is served, which many of us realize and appreciate that bitcoin is designed in such a way that it's ongoingly going to be difficult to assign values to what it is or should be, and some subgroups are not going to like "what's happening" to the children "because of mean and rotten king daddy."

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[HI-TEC99]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buddy be blocked.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

blocked buddy again

I am liking that egg truck photo.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[t3nz0]

Does anyone in the WO's community have a lucky number of 9 or 19? 

https://i.ibb.co/0sGTwQc/Screenshot-2023-06-02-03-58-32-376-com-brave-browser.png

 No but 21 X 10⁶ is one of my faves.

Sorry this is off topic! But this was the only way I could communicate with you, but I cannot send more then two direct messages a day due to my account limitations. Please respond to our private convo with an email or way to communicate with you, thanks!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cygan]

not your keys, not your Bitcoins - made by @cryptograffiti

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com