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

[ChartBuddy]

Explanation
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[1715229736]

1715229736

[d_eddie]

I wonder what sparked this pump. Any ideas?

It's just the beginning as we are about to enter the 4th Quarter, 2023 and the last quater of the year prior to bitcoins halving is always bullish.

I was referring to the quick pump we saw yesterday, so I was looking for some news that could have triggered it.
I think you're talking about a general evolution trend on the quarterly time scale. I merited your post anyway.

[ChartBuddy]

Explanation
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[OutOfMemory]

I wonder what sparked this pump. Any ideas?

It's just the beginning as we are about to enter the 4th Quarter, 2023 and the last quater of the year prior to bitcoins halving is always bullish.

I was referring to the quick pump we saw yesterday, so I was looking for some news that could have triggered it.
I think you're talking about a general evolution trend on the quarterly time scale. I merited your post anyway.

Eddie, i remember some Xwitter news about Coinbase regulatory approval from yesterday, but i only quickly flew over it.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[philipma1957]

buddy be blocked.


So I added a s19 xp

I now have just under 4 ph running.

I will be getting 1 or 2 s19xp units around oct 17.

[ChartBuddy]

Explanation
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[Greyhats]

Was about to post in another thread about price predictions/bull run etc, when I thought the last all time high and inflation. Here are the numbers I used, but essentially just taking inflation into consideration with no rise in new money entering the market the next Ath would be $79,844. It gave me pause for thought alot if the predictions threads are guessing 100k to 130k, it seems a bit wimpy to me and not the explosive bull run I hear about so much.

Ath-$69045
Rate of Inflation(annual)- 3.7%
Method Compounding(annual)
Time- 4yrs(eg 2021 -2025)

What do you all think?

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Hueristic]

After basically the whole #Microsoft #Azure cloud was hacked (see list of related sources on https://karl-voit.at/cloud/ ), the first follow-up incidents went public caused by missing containment actions:

60,000 emails were stolen from 10 #USA #StateDepartment accounts
https://www.reuters.com/world/us/chinese-hackers-stole-60000-emails-us-state-department-microsoft-hack-senate-2023-09-27/

If you didn't understand until now: basically EVERYTHING at Microsoft got hacked and Microsoft can't (or won't) get rid of the intruders. Everything authenticated by Microsoft is tainted. Even #Windows auth.

https://graz.social/@publicvoit/111147782761723981

[Frankolala]

I wonder what sparked this pump. Any ideas?

It's just the beginning as we are about to enter the 4th Quarter, 2023 and the last quater of the year prior to bitcoins halving is always bullish.

I was referring to the quick pump we saw yesterday, so I was looking for some news that could have triggered it.
I think you're talking about a general evolution trend on the quarterly time scale. I merited your post anyway.

With Bitcoin continuing to leave exchanges, liquidations tend to have a strong impact on price. In the past 24-hours alone, over $21.5 million BTC shorts have been liquidated with over $17.4 million in shorts being liquidated in a 12-hour timeframe.

https://cointelegraph.com/news/why-is-bitcoin-price-up-today

[coolcoinz]

Eddie, i remember some Xwitter news about Coinbase regulatory approval from yesterday, but i only quickly flew over it.

This?
https://www.theblock.co/post/253326/coinbase-perpetual-futures-retail-users

Is this a big deal? It's futures after all, so paper contracts without any bitcoin changing hands.
I'd argue that having futures without spot is worse than not having futures at all.

With Bitcoin continuing to leave exchanges, liquidations tend to have a strong impact on price. In the past 24-hours alone, over $21.5 million BTC shorts have been liquidated with over $17.4 million in shorts being liquidated in a 12-hour timeframe.
https://cointelegraph.com/news/why-is-bitcoin-price-up-today

I love how the price always does the opposite of what these analysts on crypto news sites say.
"Liquidations could be sending Bitcoin price higher" and a few hours later it dumps 1k lower

[ChartBuddy]

Explanation
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[d_eddie]

Beautiful near-doji on the hourly earlier today, with long, equal wicks.

[shahzadafzal]

She said yes!

[WatChe]

@BritishHodl
I think it's irresponsible for a parent to recommend their Children buy property vs own #Bitcoin  now.

Most people do this because "it's what worked for me".

When my Dad's family immigrated to the United Kingdom, they bought a home for £4,200 in 1971.

They got extremely lucky as they bought that house just as Nixon decided to start exporting inflation around the world in the USA.

That house is now worth roughly £500,000.

A Compound Annual Growth Rate of 9.63%.

To maintain that trajectory of rise, the same house would need to be worth £59.6m in 2075.

Every generation has it's asset, and this generation's is #Bitcoin .

Not Real Estate.
https://x.com/britishhodl/status/1707405912648872056

The real estate stories are similar everywhere. I also have relatives who bought property at very cheap rate back in 1970 - 80 in capital city and prices of that property are too high now.

May be one day our descendant may say that there ancestors (we people) were lucky to buy bitcoin at 26k$ in 2023.

[Torque]

Was curious how Coinbase's 5% APY on USDC worked, so I bothered to look into it, how they could be paying that much out in a world with low equity yields.

Now it all makes sense. They back it with the purchase of short term U.S. treasuries yielding 5.5%.

That means that once the Fed starts lowering rates, bye bye that APY on USDC.

Money will flood out of USDC and start chasing higher btc prices.

And looks like the USDC total market cap has already fallen from ~60B to now ~25B in just a half year.

Will stay away for now.