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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26368902 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
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November 21, 2023, 01:35:43 PM

For those not yet aware of the recent OpenAI / Sam Altman saga, here's a nice summary:

The OpenAI Saga - Everything Changed AGAIN!

I wonder what's going to happen to OpenAI / ChatGPT after all this mess...

It will only be used for good.


(kidding)
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November 21, 2023, 02:07:23 PM
Merited by JayJuanGee (1)

Diminishing returns but the last cycle was suppressed due to well known factors. We will make up for it this time.
$180,000 minimum I think.
Moon soon…….

@BTC_Archive
BTC went up 6x after the last halving.

If that happened again Bitcoin could break +$220,000 over the next 18 months
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what is this "brake pedal" you speak of?


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November 21, 2023, 02:45:21 PM

For those not yet aware of the recent OpenAI / Sam Altman saga, here's a nice summary:

The OpenAI Saga - Everything Changed AGAIN!

I wonder what's going to happen to OpenAI / ChatGPT after all this mess...

someone asked chatgpt4, openais own product, basically what could happen if a company with loyal employees fired a well known charismatic CEO and it recommended not to do that lol
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November 21, 2023, 03:31:14 PM

DCA strategy be damned, now is the time to fill your bags. Anyone left straggling
behind after the ETF approval news comes out has only themselves to blame.

What if someone had been DCAing to the max for the past 4-6 years, and such person might not really have any extra cash to throw towards bitcoin, and probably such person is already doing pretty good, even if some of their coins were bought in 2021 and early 2022 at higher prices than current prices.
Like you had said, "such a person is doing pretty good", to have been DCAing for that number of years without fail. If I was in that position I won't get worked up buy relax and be doing maintainance on my Investment waiting for the ATH.

There can be a lot of variation in the situation of others, and even someone who had been aggressively investing in bitcoin for the past 4-6 years might not feel like s/he has enough BTC, especially if such person might have been in college (or high school) during some of those years and might not have had a high income, and even if someone who were to leave college (or high school) and start to earn a decent income, it still could take more than 4 years just to invest a whole year's salary.. that is even with 25% per year of the salary put aside it could take 4 years to get to a full year's salary saved/invested, but surely such a person who had been investing aggressively in bitcoin for that 4-6 years would still be much better off than the otherwise similarly situated person who either had not been investing into BTC as long and/or had not been being somewhat aggressive about it.
I agree with you about the variations that exist. Nevertheless, there are antecedents to consider while proposing an aggressive Investment up to a 25% of ones income into bitcoin.

Some with a lofty income but occupied with other responsibilities entangled on him that demands money it is unlikely that he will be capable to make such percentage even after 4 or 6 years invested in bitcoin, and for a college student it is a worse case scenario to assume that they can invest what should be said to be enough BTC as a student.

Or?  maybe you are referring to the fence sitter who failed/refused to buy BTC in the last year and a half or so while prices were mostly lower than the current price and perhaps the last year and a half had prices lower than where we might be going.  Perhaps? perhaps?
This group of persons are the ones that are to have themselves to be blamed when the ETF had finally been approved and bitcoin price surge as a result. For this group there's nothing in the chart for them and just like those that had regrets back in 2021 when the last ATH took place the regrets of those now will be double with the eventual approval of the ETF by or before 2024.

There are a lot of those kinds of fence sitting people, and most of them are no coiners rather than low coiners, and part of the reason that BTC likely ONLY has around 1% world adoption at best is that an overwhelming majority of the world are not acting to get started in bitcoin for potentially a variety of reasons even if they might know about it or they might have varying level of knowledge of it that might be misinformed and guided by misinformation/disinformation.  

I tend to get bothered by those assertions proclaiming either that a vast majority of the world knows what bitcoin is, which surely is not very likely to be true because if the vast majority of the world were to know what bitcoin is, then we would have way higher levels of adoption and way higher BTC prices, and so in some sense, that is o.k. for those of us who might still be accumulating BTC and getting some value from being able to stack sats at prices that are relatively lower than what they should be and what they likely are going to be as more and more of the world's population both becomes enlightened about bitcoin and starts to act to stack some sats and maybe even trying to get 1% at minimum of their investment portfolio in bitcoin and surely the more aggressive ones will shoot for investing up to 25% of their income into bitcoin, which surely can be difficult to achieve without also having good cashflow (and expenses) management systems in place.
Majority take it that it is whatever the government is backing that it is genuine thing to be part of without fears, and so for their government not giving bitcoin that support that they had been on the watch for they get skeptical about it. The restrictions and ban policies faced by bitcoin from different countries of the world is part of what is affecting the (increased global) adoption of bitcoin. For those who have heard/knew about it are skeptical to take part and for some others they have no clue of it and are not interested to get enlightened about it because their government doesn't approve of it in their country.

However, the number of adoption all over the globe is not that bad only that the number is not as much as many bitcoiners are exaggerating it. And it's pretty much to note that a greater percentage of entire bitcoiners are people with not much soaring income flow that could have 25% of their income  invested in bitcoin even if they chose to go aggressive about it.
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November 21, 2023, 04:11:06 PM
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November 21, 2023, 04:54:52 PM
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Sub 37K rejected.  Onwards and upwards  Cheesy
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November 21, 2023, 04:55:44 PM

Can you imagine a weasel eating his daily McMuffin and trying to sip at the overly hot coffee...
Excellent lay-up for homer’s next post indeed.

Later I realized that I slipped up though because I did not continuously emphasize the "little weasel" angle, and so you know what the little weasel did?  He convoluted his image into a BIG weasel.

Sneaky little devil.

You were right all along about Homer, he can sometimes be a slippery fello.

If you look back Antisthenes, you would likely realize that "respect" was going to DirtyKeyboard rather than to me, even though you seem to be referencing this here cat.
That’s a big *if* you fagot bot.

Like this?



Not that your opinion matters very much, since so far you have expressed your best of buddies as the dweebs of the thread, such as exp.
Well not to you it doesn’t, dah.
exphorizon brings value to the table, something the bunch of you can’t come even close, combined.

It does seem odd that you guys seem to be the bestest of buddies.



But whatever works, no?

Early 2020/covid taught me a lesson to not count the spoils of bitcoin investment too early.
The last three years have taught me to not trust anyone or anything that I thought I knew.

Hopefully you are not turning into some Greek (or perhaps Turkish?) variant of Theodore John Kaczynski

~ Binance ~
Here, have a quote:
Quote
The problem with that ****, is that you’re talking about a direct 51% attack on Bitcoin. In reality, Bitcoin is under “constant 51% attacks” meaning that there is a plot twist involved – that being all the other junk “coins”, creating their coins out of thin air, pumped and dumped with the aid of dubious exchanges with zero to little liquidy, and then converting their proceeding profits to Bitcoin and consequently FIAT. I like to call it: “a side chain covert 51% attack on Bitcoin”, with Binance being the main attack facilitator, and the added bonus being the flock of sheep that support this.
Human greed at it’s finest!

Does that mean that "we" are cheering for the US Govt because it is beating up on Binance with a $4 billion fine settlement... or maybe we wished that there was not a settlement because the US Govt is continuing to allow Binance to operate?   

I doubt that clear lines can be drawn in terms of which parts are supposedly "attacks on bitcoin."

Good riddance and I hope they drop CZ in a hole a few years.
Ain’t happening, but Kiss

It seems correct that CZ is not going to be going anywhere, but he surely seems like an ongoing villain and kicking bag from a lot of angles.  Must be a bit stressful for him, and he probably has to live with a decently-sized security detail, even though he claims to live a humble life in terms of not consuming extravagances... I am not really sure if what he claims is true, and people are not necessarily locked into lives of deferred gratification, especially since if he wanted to, then he could afford to live quite extravagantly in spite of the loss of so much of their exchange volume recently  and also pretty humungous fines being leveled at them.

I like what you guys are doing, I must say - it removes some workload - thanks.
One posts the trigger, and the other one answers it. Too bad that I’m triggered by everything you write.

Welcome to the WO family.  You are precious in your own right.  You go girl!

[edited out]

However, the number of adoption all over the globe is not that bad only that the number is not as much as many bitcoiners are exaggerating it. And it's pretty much to note that a greater percentage of entire bitcoiners are people with not much soaring income flow that could have 25% of their income  invested in bitcoin even if they chose to go aggressive about it.

I am having some troubles understanding what you mean because surely the world-wide adoption of bitcoin is likely quite low, maybe even less than 1% of the world's population has bitcoin in any kinds of meaningful amounts.  Sure, there might be some segments of the population and even some areas in the world in which BTC adoption is greater than others, but what is their allocation into bitcoin?  25% would be rare.

Another thing might be how much someone might invest into bitcoin, but then if the BTC price changes, then how much does their bitcoin allocation change relative to other investments that they have.., So there can be differing kinds of questions regarding whether to put into bitcoin, and then if so how much to put into bitcoin and then what to do if BTC prices appreciate at rates that are different from other things that they might have in their investment portfolio (if they have other things in their investment portfolio). 

I doubt that there are very many ways to generalize except to likely suggest that there are a lot of people who remain no coiners and even amongst the people who have some bitcoin exposure, there are likely a decent number of them who are relatively low coiners or maybe even distracted into shitcoins and not realizing that there are significant/meaningful differences between bitcoin and shitcoins.

And, why do we care what other people are doing anyhow, except maybe we might be attempting to gauge how early we are to bitcoin?  and sure it might be interesting to try to figure out what other people might be doing, and sure what other people do might affect what we do, but if we have some ideas about bitcoin, then we might consider that there are the variety of the network effects (considering the 7 network effects by Trace Mayer) that might be considered in terms of attempting to get some ideas about areas in which bitcoin related growth might be taking place.. but those categories of Trace Mayer are kinds of general too, so there might be some value in terms of getting into analyzing some of the categories in more detail if there might be doubts regarding the extent to which bitcoin is still growing and if it affects how we might choose to manage our own bitcoin allocations, as compared to other things that we might have in our investment portfolio, which seems to be more important than thinking about what others may or may not be doing in regard to their own bitcoin adoption/investment/use.
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November 21, 2023, 05:09:25 PM

Sub 37K rejected.  Onwards and upwards  Cheesy

We don’t call it rejection rather its mining its own business.
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https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40
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November 21, 2023, 05:48:49 PM

Singapore Unveils Plan to Ensure Seamless Financial Transactions Across Digital Asset Networks.


Source.

Really Good news for digital assets for Singapore.

But we believe BTCBitcoin is a real asset.
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November 21, 2023, 06:26:38 PM


I repeat what i said thousand of times, this is not related with BTC or crypto this is one more piece in the puzle between the "commercial war" between China and Usa, so USA is responding now, so you took out my boy Sam Bankman-Fried from Ftx, well im gonna take down your CZ.

I only hope this shit dont cause so much turbulence in the prices.
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November 21, 2023, 06:40:15 PM


I repeat what i said thousand of times, this is not related with BTC or crypto this is one more piece in the puzle between the "commercial war" between China and Usa, so USA is responding now, so you took out my boy Sam Bankman-Fried from Ftx, well im gonna take down your CZ.

I only hope this shit dont cause so much turbulence in the prices.


I repeat what I said thousands of times, this is not related with BTC,, just the thousands of CRYPTO SHITCOINS
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November 21, 2023, 07:19:49 PM

I repeat what i said thousand of times, this is not related with BTC or crypto this is one more piece in the puzle between the "commercial war" between China and Usa, so USA is responding now, so you took out my boy Sam Bankman-Fried from Ftx, well im gonna take down your CZ.

I only hope this shit dont cause so much turbulence in the prices.
I repeat what I said thousands of times, this is not related with BTC,, just the thousands of CRYPTO SHITCOINS

Even though Binance has added a lot of shitcoins to their holdings (and trading and services) over the years, I am pretty sure that they started out with mostly bitcoin, and bitcoin remains and has remained a pretty BIG part of their offerings - even though they had been making money on shitcoins and many of the charges were shitcoin related, but there were various bitcoin elements in regards to what they had been doing...

Sure, as much as anyone, I don't like the idea of pumping shitcoins in this thread, but there are times when the topic of bitcoin and shitcoins overlap, and there is no need to pump shitcoins in order to talk about the topic, and surely even in this thread we have been quite receptive to topics that generally denigrate shitcoins or talk about them as ponzi schemes or affinity scams on bitcoin, and there is nothing wrong with suggesting and./or even arguing that CZ has become too friendly with shitcoins even though he knows quite a lot about bitcoin too... and there are even several ways that he supports bitcoin-related ideas of self-sovereignty and those kinds of difficulties of trying to be a businessman without some of the geographical limitations. .which surely he had been having quite a few challenges in regards to being able to stay operating so BIG for so long, even though maybe some of the greater hostility did not come until the last year, but there has been hostility towards him for several years back before the FTX fraud / collapse bullshit.


[edited out]
The SEC removing market makers before giving the greenlight for Blackrock and consorts taking over to assert their global market dominance that will also bolster Bitcoin's legitimacy and adoption.




 Cheesy Cheesy Cheesy Cheesy Cheesy Cheesy
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