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

[Gachapin]

Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.

I don't think this is the real "up only" bull market pump.  This is probably a usual intermediary cycle pump with afterwards corrections.

We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

interesting video short:

Bitcoin has caught the attention and imagination of many people. They are fascinated and excited.

BlackRock CEO



this one is for JJG:

Nearly every bitcoin only daily DCA’er is now in profit, no matter when they first started dollar cost averaging.
https://twitter.com/w_s_bitcoin/status/1672245387183243264

[vroom]

Please re-launch that chopper @vroom

what do you think about this version of the chopper until we reach a new ath?



edit: please note the incredible small file size, only 67kb

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

........
Let's enjoy the "spoils" of a much appreciated strong bull run.

Agreed!.. Lets enjoy the spoils!

While this run off the bottom has indeed been impressive, I'm not yet counting my eggs.  It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses.  This will ultimately lead to the failure of Bitcoin.  However, that is a long ways from where we are currently, so for now all you can really do is enjoy the ride and wait until a proper exit point when BTC has reached new all time highs.  That's when I'll enjoy the spoils.  Right now we are still less than half of the way to the recent high, so I'm not excited yet.  I'll start becoming excited when we pass $50K and the FOMO begins anew.

[philipma1957]

........
Let's enjoy the "spoils" of a much appreciated strong bull run.

Agreed!.. Lets enjoy the spoils!

While this run off the bottom has indeed been impressive, I'm not yet counting my eggs.  It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses.  This will ultimately lead to the failure of Bitcoin.  However, that is a long ways from where we are currently, so for now all you can really do is enjoy the ride and wait until a proper exit point when BTC has reached new all time highs.  That's when I'll enjoy the spoils.  Right now we are still less than half of the way to the recent high, so I'm not excited yet.  I'll start becoming excited when we pass $50K and the FOMO begins anew.

Once we get over 40k people will fomo especially if we get to 40k by 4th of July

[Gachapin]

It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses.  This will ultimately lead to the failure of Bitcoin.

pls tell me more about that "failure of Bitcoin" you foresee.. 

I always wondered why you use the word "crypto" so often... I might have a hunch

[goldkingcoiner]

........
Let's enjoy the "spoils" of a much appreciated strong bull run.

Agreed!.. Lets enjoy the spoils!

While this run off the bottom has indeed been impressive, I'm not yet counting my eggs.  It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses.  This will ultimately lead to the failure of Bitcoin their own financial failure.  However, that is a long ways from where we are currently, so for now all you can really do is enjoy the ride and wait until a proper exit point when BTC has reached new all time highs.  That's when I'll enjoy the spoils.  Right now we are still less than half of the way to the recent high, so I'm not excited yet.  I'll start becoming excited when we pass $50K and the FOMO begins anew.

FTFY.

[cygan]

https://locations.wilmingtontrust.com/fl/northpalmbeach/personal-corporate-trust-north-palm-beach-fl-fl01.html

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Learn Bitcoin]

Happy Birthday Leo Messi!
LM10 Forever!

[philipma1957]

Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.

I don't think this is the real "up only" bull market pump.  This is probably a usual intermediary cycle pump with afterwards corrections.

We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years.

if we are following the 2019 summer pattern you are likely correct.

but we could be in the 2016 pattern and could be headed to very high numbers.

I would guess you are 60-40 shot with your low guess

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Is that what the mod interface looks like?

Interesting stats in the screenshot - Don't see the red "banned" text when I click the user.

Nah, it's not mod interface.

Nutildah is using Bpip.org extension that's why his interface is like that, if you want yours to look like that all you have to do is install the extension.
https://bitcointalk.org/index.php?topic=5224821.0

thank you


kind of on topic below as mining is my version of buy and hold.
We recently expanded the mine.
some mining news below a quote of my post in my difficulty thread.

Well we went from +1% to -2.53%

https://www.bitrawr.com/difficulty-estimator


Latest Block:   795588  (2 minutes ago)

Current Pace:   97.4638%  (1285 / 1318.44 expected, 33.44 behind)

Previous Difficulty:   51234338863442.89                            
Current Difficulty:   52350439455487.47                            
Next Difficulty:   between 51092700778251 and 51254604439211
Next Difficulty Change:   between -2.4025% and -2.0933%
Previous Retarget:   June 14, 2023 at 7:09 AM  (+2.1784%)
Next Retarget (earliest):   Wednesday at 2:45 PM  (in 5d 3h 51m 14s)
Next Retarget (latest):   Wednesday at 3:54 PM  (in 5d 5h 0m 13s)
Projected Epoch Length:   between 14d 7h 35m 37s and 14d 8h 44m 35s
Copy stats to clipboard

https://www.cnn.com/2023/06/22/politics/texas-power-grid-heat-what-matters/index.html
https://www.axios.com/2023/06/23/texas-heat-wave-expand


so maybe we drop a bit more which would be nice.

A price of 33k and a drop to 50.5t works for me

a move from 26k to 30k and a diff drop of 2% is a very nice income boost for us.

I do miss the good old days of running a mining farm! I am glad you are enjoying it! Keep it going as long as you can mate!

Would love to see some photos of the mine (without breaking OpSec...)

Last weekend, I threw away some custom made hotside/coldside housing for my S9, spent hours designing and engineering them for sound and heat control.

There are some photos of 1 room using 150kwatts and 50 or so miners. mostly s19s and m50s


https://bitcointalk.org/index.php?topic=5454122.0

we have another room. which I don't have photos

So 150 k-watts  are about 510,000 btus of heat.

My home furnace is 100,000 btus of heat so this is like running 5 home furnaces 24/7/365

heat is a bitch although NJ,USA  has been good so far this year.

[Copetech]

Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.

I don't think this is the real "up only" bull market pump.  This is probably a usual intermediary cycle pump with afterwards corrections.

We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years.

if we are following the 2019 summer pattern you are likely correct.

but we could be in the 2016 pattern and could be headed to very high numbers.

I would guess you are 60-40 shot with your low guess

I Know I'm a Newbie and I probably don't understand, but... I has been checking all the charts including my Calendar...
And I's almost certain, 99.9%, we're following the 2023 pattern!!! Bank on it!

[philipma1957]

Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.

I don't think this is the real "up only" bull market pump.  This is probably a usual intermediary cycle pump with afterwards corrections.

We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years.

if we are following the 2019 summer pattern you are likely correct.

but we could be in the 2016 pattern and could be headed to very high numbers.

I would guess you are 60-40 shot with your low guess

I Know I'm a Newbie and I probably don't understand, but... I has been checking all the charts including my Calendar...
And I's almost certain, 99.9%, we're following the 2023 pattern!!! Bank on it!

well if that is the case how about 103 in 23?

[Copetech]

Sure feels like we’re back to up only. With leveraged funds entering the mix now I expect a ton of volatility and there are lots of investors who will have reason to pump Bitcoin now. I wish we’d seen a spot ETF first and things like this a year from now, so we’ll have to see how it goes. It seems early for the market to be pumping BTC into a bubble.

I don't think this is the real "up only" bull market pump.  This is probably a usual intermediary cycle pump with afterwards corrections.

We will probably stay around 25k-35k levels (with some wicks) for the next 1 - 1.5 years.

if we are following the 2019 summer pattern you are likely correct.

but we could be in the 2016 pattern and could be headed to very high numbers.

I would guess you are 60-40 shot with your low guess

I Know I'm a Newbie and I probably don't understand, but... I has been checking all the charts including my Calendar...
And I's almost certain, 99.9%, we're following the 2023 pattern!!! Bank on it!

well if that is the case how about 103 in 23?

BRO! I think you forgot the k.

[JayJuanGee]

Apologies to everyone else (except JJG),...

That's why I like uie pooie so muchie.





N



O



T

 

 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com