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

[JayJuanGee]

Word on the street is
One final dip to 20
Then up to glory.

Vinny, is that you?

(click to play)
WO gathering in 2033

That's depressing.

Bullish spider senses are tingling again. You guys seen the hashrate since January this year? We have zero to worry about.
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#1y

Yes.. for sure you have a point that can clearly be seen in the ongoing and persistent uppity trajectory of hashrate.. which truly had given me solace in previous long consolidation periods... .(2015 comes to mind the most)

Relatedly I recall hearing on a podcast (about a week ago) that hashrate was down and blah blah blah, and thought that was not good because I thought that so many miners had been coming online in the past couple of years, so if the hashrate were to be going down, then some games were likely being played..

and, then I went to here:

https://newhedge.io/terminal/bitcoin/difficulty-estimator

and here:

https://btc.com/stats/diff?_ga=2.166892222.1079250679.1586286038-48233127.1586286038

and for sure, we can see ONGOING Uppity and BTC's incentives are working in very powerful ways.. which is likely causing some people to realize that some nation-states are getting into mining and they are even figuring out ways to either subsidize or support miners in their jurisdictions, so even if some places talk a BIG talk about how they are getting tough on bitcoin, that tough-talk is not really seeming to show in the hard data, which surely includes hashrate...

Another funny thing about hashrate is the extent to which hashrate was being attacked in 2021 (seemingly China mainly), and maybe that brought down the magnitude of the 2021 bullrun, but it still did not end up putting any kind of major dent in bitcoin.. which is not the first time that China fucked over its people in regards to bitcoin. .. if anyone remembers what they did in 2016... .. and then now China seems to be somewhat warming up to bitcoin, at least the Hong Kong permissiveness angle... but we already know that we have to be careful with some of the trust in terms of what people are saying that they are doing.. while at the same time, the onchain data continues to be quite powerful, and NOT only hashrate but other aspects of onchain data show (such as fees and transactions) that bitcoin continues to be ongoingly used in very powerful ways that no one can stop without really putting themselves at considerable risks that may well not be worth it if they cannot have some confidence of being able to beat the king.

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[1714301108]

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[vapourminer]

WO gathering in 2033

Anyone currently under 60 y-o will be OK I guess.

fuck you 

ill bring some baby food and pacifiers for yall

[AlcoHoDL]

I don't want to be,
A grandpa roller-skating!
That's for shitcoiners.

Jimbo don't do that.
And neither does Philipma,
The sandwich miner.

Money can't cure fools,
But that is irrelevant,
If you're reading this.

Don't miss your check-ups.
Eat well, sleep well, have some fun,
And make lots of love.

A life worth living,
Rich or poor, coiner or not,
Is a life that's shared.

It can be a friend,
Or a lover boy or girl.
Don't share your keys though!

Take care of yourselves.
Enjoy corn when it matters.
Life's also finite.

#7wowisdomsundayhaikus

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

fuck you buddy.

[JayJuanGee]

hi all. what range does the poll apply to?

USD 25k<->30k I believe

I agree with you but I am expecting 25k to 28k

Wake me up^** once we get out of the $25k to $35k range.

**Admittedly I am exaggerating a bit - especially since the bouncing in the lower end of the range for a bit over the past month and a half has not exactly been contributing to sound rest.

[WatChe]

Bitcoin plateau's are the most boring times. This reflects on how often people post on WO.

Be like Buddy. Keep posting every hour whether its bull or bear.

You do realize that Buddy is an AI bot who only posts during good BTC-buying opportunities, don't you?

Buddy in nutshell is some supernatural thing that keep posting every hour, my 2 cents about Buddy.

[philipma1957]

Bitcoin plateau's are the most boring times. This reflects on how often people post on WO.

Be like Buddy. Keep posting every hour whether its bull or bear.

You do realize that Buddy is an AI bot who only posts during good BTC-buying opportunities, don't you?

Buddy in nutshell is some supernatural thing that keep posting every hour, my 2 cents about Buddy.

Buddy is an absolute machine it is very hard playing john henry against him.

He will pass me up either late 2023 or early 2024.

In the mean time keep adding to your stacks.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

The market seems to be fairly stable after digesting the FTX liquidation news. I wonder if the actual selling will cause further declines or not. I suspect that this week (if they truly do start selling) will be a good test to see which way the market is signaling it is going to run on these sales. Short term traders should pay attention to tomorrow’s early action.

[philipma1957]

I also think we are getting a fed adjustment this week.

most say 0% or +0.25%

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[sirazimuth]

buddy sandwich

and i have sandwiched buddy.

what is up?

I going to have a buddy sandwich for my breakfast

Hey! get outta my wheelhouse bro...

..

You do realize that Buddy is an AI bot ....

What?? And all this time, I thought Buddy was a very friendly Wob poster who always replies to me.


So, my older brother is coming for a week visit. He likes the upstairs space/bedroom/office I created in the new garage.
Works for both of us. Total separation for down time, so we don't get on each others nerves after beers and pleasantries have been exchanged.
And added bonus, I just decked it out with  a widescreen entertainment system. However the one downside is it's a long way to the loo. So I did a quick fix for that with a simple sign.
Here's the garage backdoor that leads out into my private backyard, surrounded by woods...


....come to think of it, maybe the sign should say  "NON BINARY"...

Oh yeah, to keep it on topic...

GO BITCOIN

[Biodom]

frog jumps into the pond he said....
my projection of that image to WO:

the coin is silent
buddy jumps into the fray
phil cares about it

#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

blocked buddy again.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

and one more sandwich

[sirazimuth]

and one more sandwich

Me thinks you and Buddy should get a room.
And I messed up the next sandwich. Sorry bro.

[philipma1957]

@ sirazimuth

Nope the next sandwich starts with this post.

Buddy sandwich  getting served up.

I just have to sit and wait a bit and for buddy to post.