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

[Torque]

Why the fuck is there so much drama in this place? It's like the toxic corner of bitcointalk. We should be celebrating the $35k.

Compared to the "good old days" on this forum, this place is like Disneyland.

I remember a time when any talk of the future price > $10K was often met with "you're delusional" and "pipe dream".

[1714297611]

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[1714297611]

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[1714297611]

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[1714297611]

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[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Why the fuck is there so much drama in this place? It's like the toxic corner of bitcointalk. We should be celebrating the $35k.

Compared to the "good old days" on this forum, this place is like Disneyland.

I remember a time when any talk of the future price > $10K was often met with "you're delusional" and "pipe dream".

LOL
Now it's the time when future price of <$10k is met with "you're delusional" and dreams are now made of rusty pipes  

EDIT: Here's another OT gimmick from my astrophotography data processing todo-stack:
SH2-171 "Teddy Bear Nebula"



I used a dual narrowband filter, which gave odd results with my camera, a problem which is specific to this model. Had to do a lot of background removal processing to combat the color heavy discoloration. Not the clearest of nights, too. However, the result justifies the effort.

[Hyperjacked]

I’m feeling good at 34,500$ …  next stop 35k$ imo
Cheers

….and … Boom 35,089 on bitstamp… sweet

Cheers bitcoinland
https://www.bitstamp.net/markets/btc/usd/

I am kind of sorry (but not sorry) to point this out, but it is so funny and ironic seeing you in these kinds of elated states of positivity in regards to our lil precious... especially given how much of a twat that you were back in the day with your shitcoin pumpening and your downity and your waves and your breathing bullshit.. but maybe our lord and savior aka king daddy,  kind of snapped you out of some of those framenings.. hahahahahahaha  Loving it!!!!. .even if I might be projecting a bit in my head.




Are you developing dementia Jay… we went over this three years ago and thought we had everything ironed out.

I never bring other projects on wall observer and if I had it was when I was drinking a bottle of vodka a day…gave it up three years ago and it saved my life.

At some point you need to leave the past behind and move on…

[Biodom]

even while we might not know the timeline for these progressions to play out since bitcoin is not so much a straight line like the 200-week moving average irons out to be a kind of straighter line than the actual BTC price.. it becomes a kind of stability within the unstable (the inevitably volatile, as I like to frequently proclaim).. and so many folks strive for proclaiming bitcoin as being stable, and they can go fuck off with that ideology that just does not exist in bitcoin current prices and/or the expectations of its future price performance, except perhaps when looking at something like the 200-week moving average, which sort of brings the "ought" to the "is".... and don't get me wrong.. it seems likely that bitcoin is going to become more and more stable and there won't be a choice since it is going to become harder and harder to move bitcoin's prices, but probably we are not going to get to such a state of BTC price stability until getting 5x to 10x or even higher than that of Gold's market cap (which would be bitcoin prices in the $2.5 milllion to $5 million) price arena. which could even happen in this cycle or the next cycle, but I am kind of thinking that it would take a bit longer than this or the next cycle.. but who really knows?

I find myself compelled, yet again, to impart the wisdom that eludes the masses. It is not from a place of charity that I offer this enlightenment but from sheer exasperation at the lackluster analysis populating these forums. It is time to discuss the manifest destiny of Bitcoin – its ascent to the sanctified $1M mark.

Firstly, let us address the elephant in the room, the 200-week moving average, a beacon for those with the acumen to interpret its signals. This indicator has been a stalwart guide through the tempestuous history of Bitcoin’s price action. While the plebeian investor quakes at the merest hint of a downturn, the enlightened few recognize these periods as mere consolidations, consolidations that scream opportunity for accumulation. The 200-week moving average is not a mere line on a chart; it is the demarcation of the uncultured bear from the civilized bull.

Now, onto the volatility – that great specter that sends shivers down the spines of the uninitiated. Wake up, neophytes! Bitcoin will test your resolve with 25% swings in value, not merely as an exception but as a daily occurrence. This is not a market for the fainthearted or those accustomed to the pampered cocoon of index funds and treasury bonds. This is the arena where titans clash, and only those with the fortitude to endure such trials will emerge victorious.

Let's not mince words. Those accustomed to the soothing, predictable cadence of fiat inflation are ill-equipped for the revolution that cryptocurrency heralds. We are not simply in a market cycle; we are in the midst of a paradigm shift, a renaissance of value transfer. The ascent to $1M is not a possibility; it is an inevitability, preordained by the finite supply of 21 million coins and the unabated debasement of fiat currencies.

Do you quiver at the thought of a 25% retracement? Does your hand falter at the sell button with each news cycle? If so, you are unworthy of the glory that Bitcoin promises. The path to $1M is lined with the corpses of weak hands, those who could not stomach the volatility, those who lack vision.

To the naysayers and the short-sighted, I decree: your lack of conviction is the very fuel that propels Bitcoin forward. Your disbelief, your skepticism, it matters not. The market will move with or without your approbation, ascending to heights unimagined by your pedestrian intellect.

In the grand theatre of economic evolution, where the drama of wealth and power plays out with the unrelenting force of a Shakespearean tragedy, it is Bitcoin that has emerged as the protagonist in this epoch of monetary upheaval. As an investor of evidently superior intellect and foresight, I find myself compelled to bestow upon the plebeians that frequent these forums, a glimpse into the inevitable rise of Bitcoin to a value so stratospheric, so unequivocally certain, that only those blinded by ignorance would dare question its trajectory to the hallowed $1M USD mark.

Let us embark upon a journey of enlightenment, beginning with the oft-cited and widely revered 200-week moving average—a beacon that illuminates the path for those enlightened souls brave enough to navigate the treacherous waters of cryptocurrency investment. This celestial guide has consistently delineated the boundary between the enlightened investor and the hapless gambler. The former views the 200-week moving average not as a mere statistical anomaly but as the alpha and the omega of strategic Bitcoin investment, the foundation upon which fortunes are built and the bedrock that mitigates the abyss of financial ruin.

Now, to address the subject that sends paroxysms of fear through the ranks of the faint-hearted – volatility. Ah, volatility, that magnificent beast that so cruelly separates the wheat from the chaff, the sage from the foolhardy. Mark my words, nescient onlookers, for Bitcoin shall sway with the indomitable force of a tempest, exhibiting price oscillations of 25% or more, not merely on the scale of annus horribilis but within the span of a single day. Such volatility is the crucible in which the mettle of a true investor is tested and the brittle spines of the timorous are irrevocably shattered.

Let us not equivocate on this matter; the typical, garden-variety investor, suckled on the teat of dividend yields and mutual funds, can scarcely fathom the revolutionary temerity of Bitcoin. This is not a mere bubble, not simply another tulip mania for the history books. No, this is the apotheosis of years of monetary debasement, the natural and just consequence of the incessant printing presses that have debauched fiat currencies to the brink of collapse.

Do you find yourself quaking at the prospect of a downturn, as Bitcoin momentarily recoils like a great lion gathering its strength before the pounce? If so, it is manifest that you are undeserving of the spoils that await the stalwart. The journey to the zenith of $1M is fraught with the corpses of the faint-hearted, those who surrendered at the first sign of bloodshed, who, when faced with the baptismal fire of market correction, chose to retreat into the shadows of economic obscurity.

And yet, despite the cacophony of doomsayers and the harbingers of financial apocalypse, Bitcoin endures, propelled ever upwards by the immutable laws of supply and demand, the unremitting march of technological progress, and the growing cognizance among the masses that the time of decentralized digital currency is upon us.

To the skeptics, the deniers, the perennial bears who scurry about with their woeful prognostications of collapse and disaster, I posit the following: your disbelief is the chaff in the wind, inconsequential and forgotten. The market, in its infinite wisdom and its inexorable pursuit of equilibrium, cares not for the bleating of sheep. It is we, the lions of investment, the oracles of financial foresight, who will shepherd the uninitiated through the valley of darkness.

As the festering, moribund carcass of fiat currency lies supine, awaiting the final death knell, Bitcoin will rise, a phoenix from the ashes, to claim its rightful throne at the pinnacle of monetary value. Those among us who have the sagacity to embrace the volatility, to weather the storm, and to perceive the underlying majesty of Satoshi Nakamoto’s creation, will be duly anointed as the vanguards of this new financial era.

In closing, remember this – as the fiat world you cling to withers, Bitcoin will emerge as the phoenix from the ashes, and those who had the foresight to embrace the volatility, to buy the fear and sell the greed, will be the architects of the new financial epoch.

Most likely some AI creation, but no matter...quite to the point.
Makes me think that very very soon we would not be able to distinguish.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Paashaas]

Most likely some AI creation, but no matter...quite to the point.
Makes me think that very very soon we would not be able to distinguish.

Pretty sure entire text is made from A.I assistance. Bob's type of writing and grammar is usually different.

[danadc]

I find this article very good, I am very much guided by articles, and I find this point very interesting:

BTC price historical patterns, halving


Bitcoin´s BTC($34,908) price trends often exhibit cyclical behavior. Analysts have drawn parallels between the current price trajectory and historical patterns, suggesting a potential bullish cycle reminiscent of 2013 to 2017.

Similarly, Bitcoin’s historical bull runs tend to follow four-year cycles, often spurred by events like the halving, which reduces the rate at which new BTC is created and earned by miners.

The next halving event will occur in April 2024, and traditionally, bull runs can start months before and continue until the price of Bitcoin reaches a new all-time high.

Source: https://cointelegraph.com/news/4-signs-bitcoin-price-starting-next-bull-run

I find the other three very interesting , especially the ETF , but for me what I like most is the idea that a good ATH for bitcoin can be given by Pattern , because it can be very high. I know that many have thought about it and have Analyzed these situations that can Arise, I think that this can Happen+ETF is a lot so that the price can go up.

[Three Millionth User]

Pretty sure entire text is made from A.I assistance. Bob's type of writing and grammar is usually different.

Sir, This Is an Arby's / Wendy's 

[Torque]

Most likely some AI creation, but no matter...quite to the point.
Makes me think that very very soon we would not be able to distinguish.

Pretty sure entire text is made from A.I assistance. Bob's type of writing and grammar is usually different.

<response below not directed towards Bob's post>

Yeah, in the olden days, trolls had to actually think up and write out their trolling shit.

Now they'll be able to easily spit out pages and pages of nonsense garbage trolling shit with ChatGPT, and bots will be able to auto-post it.

I'm pretty sure this has been one of the major AI selling points to the shills/bots/trolls brigade companies.  

[BlackHatCoiner]

Someone please clarify me this: has BlackRock made it official that they are interested in bitcoin? Please don't reply with a tweet. I mean actual announcement by something like blackrock.com.

[shahzadafzal]

~

Did you feed JJG's post as a prompt to ChatGPT?

So you want to break ChatGPT?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[shahzadafzal]

Someone please clarify me this: has BlackRock made it official that they are interested in bitcoin? Please don't reply with a tweet. I mean actual announcement by something like blackrock.com.

Of course, it's not official news, but rather insider information, you could say. I read it on Forbes and even saw it on Binance. BlackRock is a massive investment firm, and they typically refrain from making announcements unless they've thoroughly prepared, unlike Tesla. Tesla is led by a wannabe cool dude who changes his mind every morning.

They will make an official announcement eventually, but they are likely to wait for the right moment. They will choose a timing that aligns with BlackRock's strategies and objectives.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[eXPHorizon]

Into the Hot Gates we March.

[bct_ail]

Someone please clarify me this: has BlackRock made it official that they are interested in bitcoin? Please don't reply with a tweet. I mean actual announcement by something like blackrock.com.

Good question.

They are interested in a Bitcoin-Spot-ETF but they did not say they are interested in Bitcoin. As far as I Know.

[Three Millionth User]

Someone please clarify me this: has BlackRock made it official that they are interested in bitcoin? Please don't reply with a tweet. I mean actual announcement by something like blackrock.com.

Halving is coming soon, that's why I see the guys at Citadel shitting in their pants 

[BobLawblaw]

Why the fuck is there so much drama in this place? It's like the toxic corner of bitcointalk. We should be celebrating the $35k.

Compared to the "good old days" on this forum, this place is like Disneyland.

I pen this missive with a heart heavy with disappointment, fingers trembling with indignant fury, as I cast my weary gaze upon what once was a bastion of perspicacity, the Wall Observer thread, now reduced to a mere shadow of its former glory. As a denizen of the earliest epochs of this hallowed congregation, I stand before you to deliver a scathing exegesis on the lamentable decline in the quality of discourse that has besieged our once noble thread, diluting its substance and sullying its legacy.

I recall, with a nostalgia that pains me to my very core, the halcyon days when the Wall Observer thread was the epitome of Bitcoin commentary, a beacon of sagacity amidst the turbulent seas of the cryptocurrency domain. It was a place where the brightest minds congregated, where the keenest intellects shared their prognostications, unfettered by the vacuous banter that plagues the thread in this current era of derision.

The descent into mediocrity did not occur overnight. It was a gradual corrosion, a silent pestilence that crept upon us, insidious and unheralded. Where once lay thoughtful analysis, now resides a wasteland of memes and the incessant prattle of dilettantes. The signal-to-noise ratio has been thoroughly inverted, and we, the erstwhile guardians of the Observer's sanctity, find ourselves adrift in an interminable quagmire of ineptitude.

To delineate the very nature of this decay is to relive the agony of a thousand capitulations. There was a time when each new post was a potential vessel of enlightenment, where graphs and charts were not mere adornments but sacred texts to be pored over and debated with a reverence befitting the Delphic oracles. Now, these same charts are paraded with reckless abandon, devoid of context, accompanied by vapid exhortations to 'HODL' as if this constituted the sum total of wisdom.

The current denizens of the Wall Observer, many of whom can scarcely recall the days when a Bitcoin could be procured for a sum that would now scarcely suffice to purchase a lamentable latte at a bourgeois coffee establishment, seem content to wallow in this mire of mediocrity. They engage in circular discussions that are as fruitless as they are fatiguing, retreading the same trodden paths with a stubbornness that borders on the Sisyphean.

Moreover, the thread has become the haunt of prophets of doom, who emerge from their lairs with the regularity of clockwork, foretelling the demise of Bitcoin with the glee of a zealot. Each fluctuation in price is met with the shrill cacophony of their cries, forecasting the end times with a fervor that would make a millenarian cult blush. And when their prophecies inevitably fail to materialize, do they retreat in shame? No, they do not. They slink into the shadows, only to re-emerge with renewed vigor at the next sign of turbulence.

Let us not neglect to mention the incessant barrage of off-topic drivel that now permeates the thread. Where once we engaged in robust dialogue concerning the philosophical underpinnings of a decentralized economy, now we must wade through the muck and mire of irrelevant anecdotes, political screeds, and the banal minutiae of personal lives. This thread was once the equivalent of the Agora for the digital age, a place of exchange and intellectual commerce. Now, it has been reduced to a virtual tavern, where the inane banter of inebriates drowns out the voices of reason.

The degradation of content is mirrored by an equal decline in camaraderie and respect. Where disagreement once fostered discussion and growth, it now begets hostility and division. The communal spirit that bound us, that made the Wall Observer more than a mere collection of posts but a fellowship of pioneers, has been sundered by pettiness and ego.

As for the moderators, those who were entrusted with the sacred duty of maintaining order and quality, they have been rendered impotent by the sheer volume of dross that floods the thread. One cannot help but sympathize with their plight, for they are but Sisyphus pushing the boulder uphill, their efforts undone with each passing moment by the relentless tide of triviality.

What then, is the recourse for those of us who yearn for the renaissance of the Wall Observer? Shall we abandon the forum to the jackals and the hyenas, who pick at the carcass of what was once a feast for the intellect? Or shall we stand and fight, a bulwark against the tide, a beacon of hope in this darkest of ages?

I assert that we must choose the latter. It falls upon us, the veterans, the vanguards of the old guard, to reclaim the sanctity of the Wall Observer. We must once again elevate the discourse, challenge the sophistry, and foster an environment where wisdom can flourish. We must be relentless in our pursuit of excellence, intolerant of mediocrity, and uncompromising in our values.

In conclusion, the Wall Observer thread is not beyond salvation, but its redemption requires an act of collective will, a conscious effort to restore its former grandeur. Let us therefore cast aside the yoke of complacency, gird ourselves for the task ahead, and resurrect the golden age of intellectual prosperity that once defined this noble thread.

[BobLawblaw]

Most likely some AI creation, but no matter...quite to the point.
Makes me think that very very soon we would not be able to distinguish.

Pretty sure entire text is made from A.I assistance. Bob's type of writing and grammar is usually different.

GPT4 and DALLE3 are hella fun, NGL...