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

[ChartBuddy]

Explanation
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[LoyceV]

Here's why Bitcoin will rally harder than Gold:
~
2. Multiples are tighter. Gold requires roughly $1.6bn (according to BofA) to move the Gold market cap by 1%. Bitcoin needs just $93m according to the same research.

That $93 million is currently worth about 3550 Bitcoin. After the next halving, the block reward will be 3.25 Bitcoin lower than it is now. That means it takes about 1100 blocks to feel a 3550 Bitcoin reduction in supply. That's about 8 days.
By this math, after the halving I'd expect a 1% upward price pressure every 8 days compared to the current path without halving. That's well over 50% per year.

[ChartBuddy]

Explanation
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[Lucius]

Hot weekend, little dip
a sip of wine and a trip -
the space is big and x is small
for some it's a nightmare, for others it's a heavenly hall.

[ChartBuddy]

Explanation
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[philipma1957]

Hot weekend, little dip
a sip of wine and a trip -
the space is big and x is small
for some it's a nightmare, for others it's a heavenly hall.

August sale of coin
how much do you want to buy
I got a tenth more

[AlcoHoDL]

Turned out Bob was right.
A HoDLer's intuition,
Confirmed once again.

Is Karhu to blame?
Who are we talking about?
Is Karhu Elon?

Just a nerve reflex,
To Elon's toxic death fart.
Business as usual.

But code does not lie.
It cannot be tampered with,
Nor can it be stopped.

The future is known.
Mid-April next year it comes,
For those in the know.

A rare chance to buy,
A wise decision to HoDL,
Tears to those who sell.

It keeps repeating,
Every 1...2...3...4 years.
Open your eyes, fools!

#7qwikndirtysundayhaikus

[FinePoine0]

#BITCOIN    IS READY FOR A MASSIVE BULL RUN.


Details

[ChartBuddy]

Explanation
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[Who is John Galt?]

I hear cry in ears,
Bloody tears falling on bears,
No time for despair!

A time to gather,
And then a time to scatter,
Both are good own way.

Fifty guaranteed,
Just not today, in a while,
Need to wait a bit.

[ChartBuddy]

Explanation
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[JayJuanGee]

Bitcoin Price Prediction: Analyst Foresees BTC Touching $70k; Pegs DigiToads for a 1500% Upsurge


Full news Source.

That seems to be an ill-thought out price reference point. Why would you choose a price that is smack dab in the middle of no man's zone?  and right at the same as the previous ATH?

Oh?  


Silly me..


Those are not even your own words..


Who would have thunk that you don't actually have any ideas of your own in your head?

Last time I let a wallet choose the fee.

Bitcoin Transaction
Broadcasted on 06 Aug 2023 03:19:43 GMT-4
Hash ID
66194dd0795096fa4689bf0a76b6605bb8ab9bbf149faf586d73a92bec6983d0
Amount
0.01287576BTC • $335.67
Fee
1,176SATS • $0.31
From
bc1ql-683ff
To
2 Outputs
This transaction is efficient, no issues detected.

2 Fucking weeks so far!

I remember a similar thing happening to me years ago. Ended up using that vaiBTC Transaction Accelerator thingie.
and it eventually went though within a few hours, after I had waited  a week.
Half a bitcoin sent to myself, (emptying an old obsolete wallet) so I was shitting myself because I thought I fucked up or something.
Back in the day I never bothered with the fee stuff because the wallet took care of it by default. I just hit send.

It is funny (perhaps the correct word is ironic?) that sometimes we will be sweating and nervous about BTC that are either relatively small amounts (that get locked up) or even ones that are sent to ourselves, and surely I have had some transactions that seemed to have had disappeared, and then I panic for a little bit, and then they somehow show up again at a later date.  

I have also had some transactions that are decently small - like $10 to $20 or some kind of minor amount, and then I end up getting kind of nervous because "the friend" who I sent them to may well be starting to believe that I was just tricking them or this bitcoin thingie that I was introducing them to (and 'splaining how it works) does not seem to be working so well.  

I remember two transactions that I sent in the beginning of December 2017 that did not end up going through until the end of January 2018.. and then I remember a couple in late 2017 - like maybe October or so that I sent, and then waited for like 1 or two weeks, and then they ended up disappearing and then showing back up in my wallet (and each of those were kind of embarrassing and even frustrating).  

I recall one transaction and maybe that one was also in the mid-2017 time period that I sent to a person who I was regularly selling BTC .. maybe around $1,000 per every 2-5 weeks, and one of the BTC transactions that I sent to him for around $1,200 worth of bitcoin at the time did not go through and then it had been nearly 24 hours, so then I told him that I would just send it again.. and then about 1-2 hours after I sent the same amount a second time, he had received both of the transactions.. Luckily (for me) he was an honest bloke and he returned the extra BTC back to me... but he could surely have disappeared and I did not really know very much about him besides the name he was using and the phone number that he was then using.

#Bitcoin    We have indeed seen a real black swan event, the #FTX bankruptcy. The history of #BTC    is lined with such events and the market will recover from it as it did in the past.
https://twitter.com/StockmoneyL/status/1591353522188177409?t=wHw9vCs4H46ym-FoKK1ZjQ&s=19

Why should we give any ratt's asses about a year old twitter post that you did not even identify as being nearly a year old.?. and also that you did not say anything, except recited the twitter post in its totality.

https://newsbit.nl/chatgpt-voorspelt-dit-gebeurt-er-wanneer-alle-bitcoins-gemined-zijn/

What ChatGPT says about 2140 is:

• Reward for miners will be transaction fees only.
• Miners need to upgrade there equipment constantly to remain in the business where competition will be much high.

"The article quote an AI source which says Bitcoin price will be from 1 Billion to 10 Billion USD by 2140."

And I just want to live by 2140 to sell my Bitcoins at that price.

Yeah, even my 0.63 BTC will bring in a pretty good sum of money, presuming that I were to be able to hang onto such quantity of cornz for another 117 years-ish.

[BitcoinBunny]

What the fuck is a digitoad?

 

[ChartBuddy]

Explanation
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[DireWolfM14]

Last time I let a wallet choose the fee.
~
2 Fucking weeks so far!

Remember that time I trolled you with a 1 sat fee rate?  I don't think it took two weeks.  That was funny, this is sad.

I had the same issue with the same fee rate on the same day.  It was a good fee when I signed the TX, at least that my story and I'm sticking with it.  Eventually I got it to confirm by tacking the change onto another transaction, and having the CPFP.

[JayJuanGee]

Back from vacation to find the corn has crashed a little, but not enough to make me buy more than my DCA amount. Below 20K, I will be tempted (but then there is the issue of the fiat onramp again, annoying).

Anything that takes Bitcoin below $20k again will make a lot of people, including me, buy aggressively. That will be a major giveaway because any positive news will lead to immediate profits even before the much anticipated bull market.

I don't see that happening though but then, we always keep open mind as either way is good for me... the beauty of DCA.

I am not sure what to make about these theories about backing up the truck - since a lot of bitcoin believers will already be buying BTC all the way down from $30k, so there can be questions about how much money many of the true bitcoin believers are going to have left if the BTC price were to drop below $20k again.

So even in your case Odohu, are you holding back?  You have money in reserves in which you are going to back up the truck and start buying BTC like a mad man at certain price points?  Take a mortgage out on your house, your wife and kids?  There is ONLY so much money that anyone can get access to, especially if the price were to fall fast and then how would you be getting liquitity so quickly from other assets when BTC may well be the most liquid thing that you are holding.

I suppose if you had been taking lessons from Phillip, then maybe you would have IBONDs, but even he admits that his IBONDs are not quite ready right now to purchase very much even though some of them are supposedly coming due in the coming months. which have to even wonder how much is anyone holding in reserves, and even a funny thing with Phillip is that he had sold some BTC around $20k-ish in August/September/October 2022 in order to buy IBonds, and then he got locked into those IBonds that he had then been pumping and rationalizing away how smart that he was.. but then BTC prices dipped to $15,479 and he was not able to buy back BTC at those prices, even if it would have been smart at all to be selling BTC rather than buying it at around $20k in August/September/October 2022.

......
Every 1...2...3...4 years.
.....

At first I had thought that you had fucked up this part -

And, I had wondered if I should propose a fix

Since even reasonable peeps could agree to disagree on the number of syllables in ev-er-y.. and let's just act like the second e does not exist with the ev... and go into mushing the ery because that's what the dictionary says.

Only two syllables, even though it looks like three:

go figure.

Says right here on the interwebs with Rachel's English:

>>>>"This week's “word of the week” is 'every'. It's a two syllable word with stress on the first syllable. DA-da, every. It looks like it might be a three syllable word Ev-er-y but it's not, only two syllables."<<<<<<<<

[ChartBuddy]

Explanation
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[AlcoHoDL]

[...]

......
Every 1...2...3...4 years.
.....

At first I had thought that you had fucked up this part -

And, I had wondered if I should propose a fix

Since even reasonable peeps could agree to disagree on the number of syllables in ev-er-y.. and let's just act like the second e does not exist with the ev... and go into mushing the ery because that's what the dictionary says.

Only two syllables, even though it looks like three:

go figure.

Says right here on the interwebs with Rachel's English:

>>>>"This week's “word of the week” is 'every'. It's a two syllable word with stress on the first syllable. DA-da, every. It looks like it might be a three syllable word Ev-er-y but it's not, only two syllables."<<<<<<<<

Well, considering that English is not my native tongue, I'm happy to know that I got it right! Thanks!

[philipma1957]

What the fuck is a digitoad?

 

I was wondering the same thing.

[ChartBuddy]

Explanation
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