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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Hello

30

[Richy_T]

By the way, last time I checked, less than 10 sats per vbyte to send transactions is not exactly going to kill anyone... and surely the current mempool status and even in the last three weeks, seems to have had been clearing 2-4 sats per byte without too many difficulties... .. which is $0.20 to $1 per transaction, unless maybe you are combining addresses, but you can send $100 or even $1billion for the same fee.  Not exactly expensive or broken... but hey, whine all you like.  It's a free country the last time I checked..

For a lot of us, the point was to get away from filthy fiat. The current state of the world financially should have been a huge boon for Bitcoin. Inflation frequently hanging out near double digits screams for an alternative. But when adoption turned to disadoption and the Bitcoin ecosystem withered away, a lot of incentive is lost when you have to deal with exchanges which represent counterparty risk and loss of privacy under US laws.

As to fees, it doesn't matter what they are right now but what they would be if Bitcoin was being used in a meaningful manner.

But my aim is not to convince anyone here and now, just plant seeds for when people start to open their eyes for themselves.

[Hamza2424]

someone just don't want 30k to happen. I suppose they don't want to see the chopper fly.

What's the hurry chopper won't fly at just 30k.
Phil what u think anyway 30 is here again!!

[sirazimuth]

It's not official till buddy says so...

[philipma1957]

we are before buddy

[BobLawblaw]

Observing $30,332

1) What

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

after buddy.  the key is does buddy hold on and take us past 33333 or was this just another tease

[sirazimuth]

You ruined my sandwich.

[Stalker22]

Pumpit!

[philipma1957]

and squirt its a quickie oh well

[vroom]

[Biodom]

Dollar buys half of RE in comparison with 2020:

https://www.nbcnews.com/business/real-estate/home-prices-high-mortgage-rates-how-much-money-to-afford-rcna120801

That said...
..If you had $324K (worth an average house price) on Jan 1 2020 in the bank, you could buy only about 3/4 of a house (if you are buying in "cash" and with current average house prices at $446 thou), but
..if you had $324K in SP500, you can still buy that house as SP500 went proportionally up (SPY from 321.7 to 421.19, roughly matching the rise in house prices)
...if you had $324K in bitcoin back then (34.5 btc), you can buy two averagely priced houses right now with no mortgage (if you want 'em) and have about $100K leftover (0.34 house).

Bottom line is that in this case you would be essentially unaffected by the affordability crisis described in the link.
Just FYI and another description of why it "pays" to be in bitcoin, long term.

[Richy_T]

and squirt its a quickie oh well

Psychological sell point.

[philipma1957]

and squirt its a quickie oh well

Psychological sell point.

yep it is why we need to go to 33333 and I then think we will fly higher.

[OgNasty]

Well, it looks like the market has retraced that move back up to $30K as expected. I think the dips below $30K aren’t going to last forever, so take advantage when they come from here on out. I suspect in another 18 months you will look like a genius if you bought below $40K, so don’t sit on the fence trying to grab the bottom, just make sure you’re getting in the game.

[philipma1957]

and back over 30k. maybe we get a second shot at 33333k today

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[danadc]

I had said that the price would very soon reach $30k, what we are looking for now is that it can close this year at $40k so that it is a well-rounded price, to start 2024 on a very good foot towards the $1200k and +.

Bitcoin

BTC
tickers down

$30,172
price is up today, rising to an intra-day high above $30,200 and a new two-month high. The Bitcoin price increase today comes after the United States Securities and Exchange Commission announced it would drop all charges against Ripple’s leadership, including CEO Brad Garlinghouse. The crypto community gleefully celebrated Ripple’s victory.

Although Bitcoin price could struggle to hold the $30,000 level, a certain degree of the bullish momentum is likely driven by institutional investors’ recent amendments to multiple spot Bitcoin exchange-traded fund (ETF) applications and retail investors’ hope in the upcoming Bitcoin supply halving.

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

I think that many can see how they can do things well with their Investments , but I think that Bitcoin can take the turn that we all want and it is giving it, the articles may say that it will go to $32k but I think that it can take advantage and reach at $40k.