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

[Volgastallion]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

People are rooting for anything that can raise the price of Bitcoin, and I guess they think that the Bitcoin logo on the door of their bank will mean that the price will explode. Also, in order to be afraid of something, you need to understand it first, and how many people know about Bitcoin more than they have created an account on some CEX and added their bank account for buying/selling. When you tell them something about private keys and the risks they face with custodial solutions, they look at you in amazement as if you were talking about atomic physics.

In addition, all these custodial solutions when it comes to banks are (so far) exclusively related to services for institutional investors, not for ordinary people. In other words, banks want to compete with companies like Coinbase that provide just such services.

Im seeing so much of these this days, when BTC becomes mainstream all the people only cares about the price going up, and they forgot one of the most important things about BTC, and that was his philosophy and the Why is born.

The BTC born to be a solution and a freedom choice in contrary with the manipulation and the and persecution by the government they want to have us all controlled more and more and they will end up achieving this with the elimination of cash and the arrival of CBDC or these solutions from banks or financial institutions that will control all movements.

So is good for the price? Yes and we celebrate that, but start to think about the other related things....

[JimboToronto]

Dunning-Kruger?

[shahzadafzal]

Dunning-Kruger?

Let’s learn something new

[philipma1957]

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a but of a bitch to break atm.

I am already past 38k I am looking to be over 40k 🔜

Snap out of it Philip.

 


You are going to end up jinxing us, like you frequently tend to accomplish. #justsaying

Finally you cracked and now realize my 70k in may prediction made in april 2021 has still been the turning point jinx for btc.

Its tough to live down that I have held all of btc back with that one prediction.  So far honey badger still cares.

[Lida93]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

It is funny criticizing the use of centralized exchange but celebrating banks to be their bitcoin holder. The rhetorical question is: who are the CEX? Who are the banks and? Is it not the same centralized authority that's regulating them both? So what difference will it make in terms of operations.

Figuratively, it is like the Isrealites (in the Bible) going back to slavery in Egypt but in another dimension. All what most persons pay attention to about bitcoin is the price, whatever that may occur to affect the price of bitcoin to rise is fine by them, never taken time to contrast if it's in line with the tenets behind the creation of bitcoin - financial freedom and privacy - these are precepts that you can't get from traditional banking system under a centralized control.

[rdbase]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

People are rooting for anything that can raise the price of Bitcoin, and I guess they think that the Bitcoin logo on the door of their bank will mean that the price will explode. Also, in order to be afraid of something, you need to understand it first, and how many people know about Bitcoin more than they have created an account on some CEX and added their bank account for buying/selling. When you tell them something about private keys and the risks they face with custodial solutions, they look at you in amazement as if you were talking about atomic physics.

In addition, all these custodial solutions when it comes to banks are (so far) exclusively related to services for institutional investors, not for ordinary people. In other words, banks want to compete with companies like Coinbase that provide just such services.

Anybody responding to that post even check the link?
CommerZbank?
I know it is German but come on now!

Anything with 'Z' is speculative when it relates to crypto in my books.
They want to look cyberpunk-ish to the mass market or something.

[JimboToronto]

It's Thanksgiving Day
For all you Americans
South of the border.

Happy football day...
That's kind that real men play
(with body contact).

It isn't Sunday
But we can still make haikus
On Wall Observer.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[SamReomo]

People are cheering because banks got a Bitcoin Custody Licence.  
Shouldn't they be afraid about it? Will you store your Bitcoin in banks? What makes them better than any CEX available on the market? And what about non-custodial wallets?  

Satoshi created Bitcoin because he wanted to give the world a currency that could be traded between two parties without any interference from a third party (Centralized Banks), but now when banks are going to have the custody of someone's Bitcoin then that's a confirmed thing that people aren't well aware of the decentralized feature of Bitcoin and are letting it to be controlled by the centralized system once again.

[Hueristic]

https://blockstream.info/nojs/tx/b5a2af5845a8d3796308ff9840e567b14cf6bb158ff26c999e6f9a1f5448f9aa

LOL

Transaction fees   83.65497568BTC       (76397238.1 sat/vB)

Somebodies getting fired!

This transaction saved 42% on fees by upgrading to native SegWit-Bech32

Good thing they saved on those fees!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

What if……..



Samson Mow
@Excellion
In 2017 it took ~9 months for #Bitcoin  to go from $1k to $20k. The block subsidy was 12.5, there was a lot more BTC sloshing around on exchanges, mining was boiling the oceans, and there was zero institutional money coming in.

$1k to $20k is 20x.

$50k to $1M is 20x.
https://x.com/excellion/status/1727740190972657761



My body is ready……

[Antisthenes]

I think the biggest effect on Bitcoin will be the amount of scams that AI begins attempting to try and stack BTC for whatever reason.

Well yeah, just recall that fagot bot hitting a Binance fake spike at $100k+ not so long ago.

And the day that we are no longer able to tell apart AI from Non-AI might never come. I have yet to see undeniable proof that such a thing is even possible or impossible.

Humans will always be able to tell if they are dealing with an AI - no matter how advanced.
The reason? It has no soul, and the soul cannot be simulated. Ever.

I will neither admit or deny fitting that descriptive in the real world (or even in cyberspace), even though I can see that you are referring to yours truly...  

Of course you wouldn’t … right now … but you will, promise.

I am soooooo soooooooo glad that you care.

I don’t care.
The fact that I’m quoting you, doesn’t mean I want to read an answer from you.
Whom in their fucking mind would want to listen to a fagot bot anyways.

Excellent, fucking A, gimme some more where that came from!

Cause I'm a picker
I'm a grinner
I'm a lover
And I'm a sinner
I play my music in the sun

I'm a joker
I'm a smoker
I'm a midnight toker
I get my lovin' on the run

Happy Thanksgiving to those who celebrate it.

I celebrate it every day of the year, yo.

quid pro quo  

So you did like my M.I.A post!

Now now, don’t get too cozy - and that goes for the bunch of ya.

LOL

There is definitely something fishy what that. Tax relief perhaps?
[That would require the one spending that fee - to mine the transaction, I know, I know]

And then we have you [of all], posting all these fucked up transactions.


US Nuke Lab Hacked By "Gay Furry Hackers"

At least Bob & Rick are having some fun.


What Is Anarcho-Capitalism?

Myth two: the “anarcho” part has nothing to do with Antifa or chaos. The use of the term anarchism here means only the abolition of the state and its replacement with property relationships, voluntary action, private law, and contract enforcement as provided by free enterprise. It does not mean lawless; it means law as an extension of human volition and social evolution rather than imposition from above. Order is the daughter of liberty, not the mother, said Proudhon, and anarcho-capitalists would agree.

Highness (Superlover Remix)

[Biodom]

Happy Thanksgiving to those who celebrate it.

Would be nice if we could finally break 38k during the holiday period & stay over. It seems a but of a bitch to break atm.

I am already past 38k I am looking to be over 40k 🔜

edit : 40k is my next 1% sale

Phil...listen..I suggest not doing these 1% sales at the verge of a bull market, unless you HAVE to.
Peeps were telling this to you before: in 2015-2016, then in 2020-2021 (maybe re shitcoins) and you were arguing that it is all good...it is difficult to move you from that "laddering" opinion that both you and @jjg espouse.
Sometimes we all are acting against the better judgement: I sold stuff (not bitcoin) in the early winter of 2020-2021 just before alts and bitcoin went vertical for 3-4 mo. For what: to do the roof replacement.
Should I waited a bit considering all that I knew at the time? Absolutely, but the idea of a new roof already "infected" my mind, so...a bit less cap gains.
I get it that "sitting tight" as Jesse Livermore was calling it, is difficult, but going backwards, it's the BEST play in the last 20 years in AAPL and AMZN, the best play in NVDA in the last 10, best play in GOOGL since the IPO, best play in MSFT since many decades ago. Eventually, you would not have to sell btc, but would borrow a bit against it, hence NO cap gains.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Supercycle discussion...it did not happen in 2021, probably due to FTX, overleverage, etc.
Maybe this cycle and the next one would merge into one?

https://cointelegraph.com/news/bitcoin-supercycle-2024-investment-trading

[SamReomo]

What if……..



Samson Mow
@Excellion
In 2017 it took ~9 months for #Bitcoin  to go from $1k to $20k. The block subsidy was 12.5, there was a lot more BTC sloshing around on exchanges, mining was boiling the oceans, and there was zero institutional money coming in.

$1k to $20k is 20x.

$50k to $1M is 20x.
https://x.com/excellion/status/1727740190972657761



My body is ready……

It can go 20x again but this time it will be a little bit tough to see Bitcoin getting 20x times again in 9 months because when Bitcoin moved from $1k to $20k it's marketcap wasn't that high but now Bitcoin is at $37k and it's market Cap is still over $725.39B. When Bitcoin moved from $1k to $20k in 2017 the trading volume of each day was in $Millions but now it's in $Billions. Hope to see Bitcoin rising 20x again and then we may be seeing Bitcoin daily trading volume in 100's of Billions or maybe in Trillions.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Supercycle discussion...it did not happen in 2021, probably due to FTX, overleverage, etc.
Maybe this cycle and the next one would merge into one?

https://cointelegraph.com/news/bitcoin-supercycle-2024-investment-trading

It definitely was FTX and their fraud of keeping people from buying BTC to dump into shitcoins that kept Bitcoin’s price depressed during the last cycle. Will this cycle make up for it and put us back on track or did FTX set us back 4 years. I guess we’ll see if the market only goes up to $150,000 or if it makes up for the last cycle and shoots up over half a mil…