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

[JayJuanGee]

[edited out]

If I make it to 105 I won't give  FUCK ABOUT THAT COIN. I will be happy to hand it over.  With simple proof of A LIVING JJG  or if not a living fillipone

Don't shoot the messenger.

I am largely just trying to repeat the idea regarding some kind of ballpark ideas for the replacement cost for that coin in 2062 as compared today which is likely going to have a pretty big difference, as I already mentioned my previous posts, as shown below.

And, that's probably going to be a lot of money.. My 200-week moving average fuck you table does not include a date out that far.. so I might have to update my table to see where I project the 200-week moving average to be at that time, and then in the end, how close the actual BTC price might end up getting to the projected price by such date.

Edited:  I just did a quick look at my extended chart (on my computer), and the projected 200-week moving average looks something like this for late 2061.

(Date)	(RL_Price)	(BTC Bottom)	(%gain/time)	(% Rate ∆)	($ Amount ∆)	(#Coins/FU Status)
11/28/61		$8,225,050	3.28%	99.00%	$270,127	0.24315963

That would mean right around $86,363 for 0.0105 BTC.  Seems like a lot to just give away, but hey, if you make it to 105, then  surely that would be reason to celebrate, and stocking it away today ONLY costs a mere $273, and what is $273 between good ole buddies?  

BTC quietly closing today above the 200 day average day is a nice ending to the recent negative action.  Of course I may presume too much, one day is just 24hrs but every bit helps to turn the tide.

I am not sure how many shits can be given about the 200-day moving average, but the same statement about closing higher than seems to be true in regards to the 200-week moving average too, and so I suppose that those two are coincidentally in similar places.. but still being a long-term investor, it seems to be a bunch of noise to be taking too much account for daily indicators, including ones that go out as far as 200 days.. and sure if you think about it, the 200-day moving average is more or less the same as the 30-week moving average.. yet who gives too many shits the 30 week moving average either... especially when we have the 100-week moving average and the 200-week moving average as more steady longer term indicators.. with the 200-week continuously moving up (but sometimes at a lesser slope of upwards.. which might some day have some negative periods in the slope, but not yet) and the 100-week moving average actually moving both up and down. .and so they are currently getting to a point in which they are coming closer together with the 100-week moving average starting to get below $32k.

[nutildah]

Do my eyes deceive me or has ChartBuddy gone back into stasis?

I suppose his work is done here for the moment.

Congrats Phil, you now have a chance to create some breathing room between you and Bud.

I would love to make an alt account, curious how long it would take to be trapped in here...

 

Not long fren

[JayJuanGee]

I would love to make an alt account, curious how long it would take to be trapped in here...

 

Not long fren

Oh gawd....  



Each of us should aspire to be just like daddy tildah..



right?




right?









rrrrrrrrrriiiiiiigggggghhhhhhhtttttttt?

[philipma1957]

Do my eyes deceive me or has ChartBuddy gone back into stasis?

I suppose his work is done here for the moment.

Congrats Phil, you now have a chance to create some breathing room between you and Bud.

I would love to make an alt account, curious how long it would take to be trapped in here...

 

Not long fren

yeah maybe I can get a 3k lead

[eXPHorizon]

I would love to make an alt account, curious how long it would take to be trapped in here...

 

Not long fren

Oh gawd....  



Each of us should aspire to be just like daddy tildah..



right?




right?









rrrrrrrrrriiiiiiigggggghhhhhhhtttttttt?

[Franctoshi]

A. D. C. court has ruled in favour of Grayscale

[Hueristic]

https://twitter.com/BTCTN/status/1696713063284519104?t=AK6OSoc5RxCkwVLLcTgwtg&s=19

Welcome to my ignore spammer.

TRY READING THE FUCKING THREAD BEFORE POSTING YOUR TWATTER SHITLINKS.

[PoolMinor]

A nice price jump surprise but I’m wondering if the mtgox disbursement is ever going to happen. Will it take the wind out of the ETF approval announcement when it happens? Are either of those events going to happen before the halving? This seems like the drama that won’t stop. Hopefully in the next 8 months we get all this behind us and can see how high this beast will climb.

ETF will be approved just in time to justify the real bull run late September 2024.

[AlcoHoDL]

he's either using a Mac or he's Nullius' alter-account. Either way, kudos to him.

Me being alt of Nullius would be one hell of a plot twist!
Check my feedback page for reference!

Of course you aren't, it was meant as a semi-joke. Your correction to Jay and the apostrophe comment were the serious part. I pay attention to such details, and appreciate people noticing them.

Where is Nullius BTW? I miss him and his beautiful Greek goddesses...  

[nutildah]

ETF will be approved just in time to justify the real bull run late September 2024.

This is a good theory, could be. Our brains instinctually want to attribute news items to price movements to make them make sense - its comforting - but in reality the price just moves on its own accord. Corn gonna do what it wants.

Where is Nullius BTW? I miss him and his beautiful Greek goddesses...  

To quote JJGrungus, "Oh gawd."

[BobLawblaw]

Welcome to my ignore spammer.
TRY READING THE FUCKING THREAD BEFORE POSTING YOUR TWATTER SHITLINKS.

At least JJG didn't merit it.

EDIT: JJG must be destroyed.

[JayJuanGee]

Welcome to my ignore spammer.
TRY READING THE FUCKING THREAD BEFORE POSTING YOUR TWATTER SHITLINKS.

At least JJG didn't merit it, yet.

FTFY

 

I might do it just to spite you and some of the other holier than thou, merit czar wannabe twats.

 

Edit:  Ok... I just did.... for "reasons"... not only "spite."

[Franctoshi]

https://twitter.com/BTCTN/status/1696713063284519104?t=AK6OSoc5RxCkwVLLcTgwtg&s=19

Welcome to my ignore spammer.

TRY READING THE FUCKING THREAD BEFORE POSTING YOUR TWATTER SHITLINKS.

Apologies I'm editing in a sec
Thanks for letting me know.

[eXPHorizon]

https://twitter.com/BTCTN/status/1696713063284519104?t=AK6OSoc5RxCkwVLLcTgwtg&s=19

Welcome to my ignore spammer.

TRY READING THE FUCKING THREAD BEFORE POSTING YOUR TWATTER SHITLINKS.

Apologies I'm editing in a sec
Thanks for letting me know.

No dont be.. It is informational for other people. Do not bog yourself down with the opinion of these dudes.



On the other note..


MANDELA EFFECT

IM FREAKING OUT



https://youtu.be/N2q62lymKLI?si=e8rynuXQMmXetz2e

[BitcoinBunny]

Damn... 

[Who is John Galt?]

Apologies I'm editing in a sec
Thanks for letting me know.

The problem is not in the form in which you draw up a link to the source of this picture. The problem is that this topic has been actively discussed over the past few pages and more meaningfully. If you read the thread, you would know...

[Franctoshi]

Apologies I'm editing in a sec
Thanks for letting me know.

The problem is not in the form in which you draw up a link to the source of this picture. The problem is that this topic has been actively discussed over the past few pages and more meaningfully. If you read the thread, you would know...

Thanks, Yes later went back to previous threads and realized it was already being discussed and that's my bad.

[dragonvslinux]

Will it take the wind out of the ETF approval announcement when it happens?

No

I'd also say no. Approvals are usually bullish for price until product launch date, while the launches themselves have always been bearish.

Look at the recent Futures/ETF based launches in Bitcoin's history:

December 2017 CME/CBOE Futures: -83%
September 2019 Bakkt Futures: -60%
October 2021: ProShares ETF -75%
November 2021: VanEck ETF -75%

Sure these ETF applications are different, as it's based on spot ETFs, but I'm not convinced that "this time will be different". At best we only see a 50% correction when price is around $50K-$60K compared to -60% to -80%, as an approval could push prices much higher in the meantime. That would also fit the current cycle with a bear market rally relief rally followed by final pre-halving correction scenario.

Remember the CME/CBOE approvals in August 2017 around $5K? Price went up 4x from there until launch date. So 2x from here doesn't seem out the question.

It's just another buy the rumour sell the news event imo, not much else in the immediate term. Ofc long-term, sure, it's bullish. No arguments there.

[d_eddie]

Damn... 

Hmm, I don't get it. Who's this cutie? Bitcoin relevant or just necessary eye candy for soon-to-be millionaires?

[BitcoinBunny]

Damn...  

Hmm, I don't get it. Who's this cutie? Bitcoin relevant or just necessary eye candy for soon-to-be millionaires?

Liz Hurley at 58.

And yes just eye candy.