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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[hisslyness]

Mempool has reduced significantly over the last week!.. At this rate we should be back to 1sat/vbyte in a another week or two.

Someone has finally realize the amount of fees they have paid is not worth spamming the mempool!

Like this wallet!

https://mempool.space/address/bc1qc4dcxzasqwktlz0thw3ufzy279qxmyae0cqm2k

Gear up and be ready to bring your bitcoins home!

[Subbir]

Feels like the market is just relaxing and taking in the latest run. I expect when traders return from vacation we’ll see the next leg upward. I still can’t help but think about mtgox but I’m excited for once the horizon shifts from that dispersal to the ETFs and halving. The next couple years is shaping up perfectly for a wild ride.

I am not sure negative or positive impact EFTs but some news come with continues, Cointelegraph published news few hours ago caption is "Bitcoin ETFs: Even worse for crypto than central exchanges", My conjecture is that Bitcoin is different from everything differently, although in some cases it affects, in utmost cases good or bad news does not affect Bitcoin that much.

Bitcoin is prospering for coming times, we just have to stay for top on the bottom.

[ChartBuddy]

Explanation
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[Out of mind]

Here are 12 reasons I think the low is in and Bitcoin is going up.

You might disagree with one, two or even five of these reasons. But you can't disagree with them all.

So, let’s get started

1. Bitcoin has been mostly bullish for the last six months. This never happens in a bear market.

2. Despite everything the SEC has thrown at BTC, it only went down a few % and eventually rallied, this indicates seller exhaustion.

3. BTC has rallied in the face of the last few interest rate hikes. This indicates that hikes are priced in and sellers are exhausted.

4. Bad news is having little to no impact anymore, again, seller exhaustion.

5. BTC has never set new lows this close to halving.

6. China is opening up to crypto and there’s a lot of money in the East.

7. EU and UK are implementing fair crypto regulation giving the thumbs up to institutions. This will bring a huge influx of cash into crypto.

8. BlackRock, Fidelity and many other investment funds managing trillions are filing for a Bitcoin ETF.

9. EDX Markets, an exchange backed by Fidelity, Schwab and Citadel has launched in the U.S., these guys wouldn't launch without knowing the SEC will approve.

10. Banks are warning us about a recession. Banks are full of sh*t and are horrible at predicting recessions. Most banks didn't predict 2008 or underestimated it.

11. Institutions are buying. I do not like that they are buying, but they are.

12. Bitcoin is sound money and the U.S. being able to ban it is a myth. It could not work in practice. Bitcoin is decentralised, making it almost impossible to ban and attempts to ban it would face First Amendment challenges arguing code is a form of protected speech.
We might revisit lows but I don't see Bitcoin making new lows.
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[ChartBuddy]

Explanation
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[JayJuanGee]

Tell you something about my Bitcoin accumlation, the country where I live aka Pakistan crypto is ban. So there are many little ways to acquire Btcoin. The only source for me to gather Bitcoin these days is through signature campaign. So its like I am gathering Bitcoin in DCA manner.
I dont know for how long I have to HODL them till the time the ban is lifted.

If the ban is not lifted, but you accumulate enough bitcoins, it will be possible to move to a bitcoin-friendly country like El Salvador for a while. Of course, it is unpleasant when it is your country that bans bitcoin, but, fortunately, there are more progressive states in the world.

Moving does not seem to be practical advice.  How to fix from within?  How to subvert?  Of course, no one is advocating breaking laws, and so we can sometimes have tensions between speech and action of individuals and what some other individuals might want you to do or not do... Are they really representing the interests and needs of the people?  These are likely not easy decisions for any of us who might be in jurisdictions in which we do not always agree with what kinds of rules are in place that may well restrict certain important aspects of our lives, liberties, properties.... interactions and transactions of value.

Back above $31K for the American holiday. I’ll take it. As if we needed another reason to celebrate. It sure feels like everything with Bitcoin continues to be on track for an explosive 2025. I’m not sure if people are ready for what could possibly happen, but I’m already starting to feel the fomo and wish I had stacked more sats at $20K.

You were too busy hanging out with proudhon (and phil, perhaps?) and his maths/sciences, while preoccupied about MOAR downity...

and gosh, who would'uve thunk that sub $10k was not very likely.

[ChartBuddy]

Explanation
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[JayJuanGee]

Someone did a vid on Loaded.

https://www.youtube.com/watch?v=pxvd1YOMGxU

Wow!!!!

A lot of bitcointalk references in that 32-minute video... and even feel kind of sorry for Jimmy.. even though he got a lite sentence, it seems kind of ironic that the US Govt was able to seize the coins, and questioning even if there was an actual crime committed - including that the US Govt is claiming that they have a right to any coins that had passed through Silk Road.. a bit of an overreach, no? What else is new? 

All these Bitcoin Spot ETF applications...  

Haha Bull run2020bro, First of all we are impatiently waiting for you again in 2024 + I think you should apply for the change of name in meta from 2020 to 2024 it will be fun. What u think..

Rest is Oll OKK...

A name change every 4 years... until 2140.

@theymos... make it so....>>>>>>

Haha Bull run2020bro, First of all we are impatiently waiting for you again in 2024 + I think you should apply for the change of name in meta from 2020 to 2024 it will be fun. What u think..

Haha, I actually sent @theymos a PM for a name change into bullrun2024bro some months ago. Good karma you know.. I mean I doubt he wants to be responsible if we miss the bullrun in 2024..

No answer though.. 

Oh?  You already tried. 
 

 

No need to give up yet..

Maybe if you mention that you would like an automatic name change every 4 years until 2140, then he would be more receptive to that kind of "creativity?"  an almost turing complete kind of a request.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[dansus021]

All these Bitcoin Spot ETF applications... 

Update :  

Mr gary seems dont like the bitcoin etf

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[d_eddie]

I am not sure negative or positive impact EFTs but some news come with continues, Cointelegraph published news few hours ago caption is "Bitcoin ETFs: Even worse for crypto than central exchanges",

Your link gives a 404. Here's a working link:
https://cointelegraph.com/news/bitcoin-etfs-even-worse-for-crypto-than-central-exchanges


TL;DR: Spot ETF is bad because paper bitcoin.

There might be some truth in that point of view, but there are relatively simple solutions.

- Make the ETF redeemable in kind (btc)

- Stake the ETF's collateral (btc) in publicly auditable addresses

However,  I doubt the current SEC administration is going to enforce or even suggest any of that.

[ChartBuddy]

Explanation
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[Who is John Galt?]

Moving does not seem to be practical advice.  How to fix from within?  How to subvert?  Of course, no one is advocating breaking laws, and so we can sometimes have tensions between speech and action of individuals and what some other individuals might want you to do or not do... Are they really representing the interests and needs of the people?  These are likely not easy decisions for any of us who might be in jurisdictions in which we do not always agree with what kinds of rules are in place that may well restrict certain important aspects of our lives, liberties, properties.... interactions and transactions of value.

If the bitcoin ban is imposed, we can already see that the interests of the people were hardly taken into account there. And if the ban is not lifted long enough for someone to accumulate enough funds, it is difficult to expect that after this will be able to somehow really affect the situation. And an attempt to use bitcoins where it is prohibited by law can lead to both the loss of all funds and criminal prosecution.

The world has become quite global in recent decades, so moving to another country, with sufficient capital for this, does not seem to be something so radical in our time. And it is much safer to live where you can legally operate your capital in bitcoins than where you have to fear persecution in anticipation of the liberalization of legislation.

[ChartBuddy]

Explanation
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[Out of mind]

BitcoinBTC is an age-old idea whose time has come. It is not new. It's just ready! May I introduce to you Nikola Tesla and Henry Ford, the pioneering giants responsible for the original idea for Bitcoin.
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