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

[xhomerx10]

Go go go BTC

39K In one hour

 With the current trajectory, we'll be cutting it close but I'm cheering for bitcoin

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[OgNasty]

Go go go BTC

39K In one hour

 With the current trajectory, we'll be cutting it close but I'm cheering for bitcoin

I was a bit surprised to wake up to a greater than $38K BTC price this morning. It seems like no matter what news comes out Bitcoin is just going to keep rallying. Feels like it is going to end the year above the $40K mark which in itself might be enough to get some people off the sidelines and into the market once the total year performance is in the books.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[shahzadafzal]

Two days, two movies…
The hunger games medium.
Napoleon good.

Napoleon good? For me was a total desilussional movie, it was more about Napoleon and his wife relationship than actual Napoleon, i fully agree with this summary.

It was but nonetheless the movie was good for me not extraordinary but good

The movie was mediocre movie —neither dull nor particularly engaging. This is especially true if you’re a fan of historical or war films.

If you want some history about Napoleon I would recommend this video
https://youtu.be/OLo-K2_AyHs?si=VO1YQPU8DIPH5ChH

[xhomerx10]

Go go go BTC

39K In one hour

 With the current trajectory, we'll be cutting it close but I'm cheering for bitcoin

I was a bit surprised to wake up to a greater than $38K BTC price this morning. It seems like no matter what news comes out Bitcoin is just going to keep rallying. Feels like it is going to end the year above the $40K mark which in itself might be enough to get some people off the sidelines and into the market once the total year performance is in the books.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

Despite all odds that are said about Australia, its true that they have grown up nicely. Except the fact that Decembers are hot and June is Cold there.

Right...but Santa pops out there in December still, wearing the traditional garb with an occasional shorts, lol

So we need to have a special dress for Australian Santa that he can wear there

Despite all odds that are said about Australia, its true that they have grown up nicely. Except the fact that Decembers are hot and June is Cold there.

yeah but if you live in New Jersey you can go there Nov 1 and stay til April 1 thus never having to deal with the cold and dark of winter.

It was dark by 5pm last night  (NJ)  which sucks.

Winters have there own swag. I love winters of my country (Pakistan). Unfortunately they are squeezing and mostly dry for last 10 to 15 years. In 90s they have a span of almost 4 to 5 months.
If you have money then one must go out and explore the world. I have many destinations in my list too. USA is also a good place to visit but they dont issue visa easily.

[JayJuanGee]

ChartBuddy's 24 hour Wall Observation recap
..

New Spread Watch

2nd Spread Watch Version

To the extent that I understood "New Spread Watch" it is ONLY focusing on price changes, and surely might irritate some members who believe the opposite about Chartbuddy needing to focus on the walls.. not the price.. (namely Jimbo).

The  "2nd Spread Watch" did not show anything for me.  It was just a blank image (black).. and I did not see anything happening therein.

I'm more worried than excited if I'm honest, because it is 100% certain that AI will be used by the establishment as a tool to exert influence, authority, pressure and control over people.

Just take a hard look at our resident fagot AI.

+1

I gather that you are conceding the effectiveness of yours truly... in your own little inartful way.

https://x.com/100trillionusd/status/1729194629785166214?s=46

Perfect for me

Here's the above referred-to tweet By PlanB:

"🚨BREAKING: Bitcoin valuation based on difficulty (hashrate) increased to $35k yesterday. IMO this could mean that, apart from possible black swans or short term volatility, based on $/kWh-arbitrage fundamentals ... BTC will never go below $35k ever again."



The first thoughts in my head was "how could such a smart person be so retarded sometimes" ... .. mostly referring to PlanB but sure maybe I might want to refer to others who agree.

It may well be the case that the BTC price will never go below $35k again except for maybe large spikes, but there is a lot of backwards logic if any of us are going to start to fall in the camp that bitcoin's price follows hashrate...

There could be some miners who end up getting purged out of mining when these mining costs go up, including that if there were a halvening right now, then the $35k would go to $70k and a lot of miners would end up getting fucked beause our current price is ONLY above $38k.

I don't feel like flexing this out more, even though I know that there are a few WO members who really believe that BTC price follows hashrate, and probably the most that we could get out of it is a symbiotic relationship, with price being determined by a variety of factors in which hashpower hardly plays any role.. and some of the larger determinations of BTC price relate with 1) stock to flow, 2) 4-year fractal, 3) exponential s-curve adoption based on networking effects^{as outlined by Trace Mayer} and Metcalfe's law... and yeah one of the network effects is mining.. but still... retarded to be overly emphasizing some of the things and coming out with misleading assertions.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[SamReomo]

I was a bit surprised to wake up to a greater than $38K BTC price this morning. It seems like no matter what news comes out Bitcoin is just going to keep rallying. Feels like it is going to end the year above the $40K mark which in itself might be enough to get some people off the sidelines and into the market once the total year performance is in the books.

I think that it could possibly cross that $40k mark in this year and I'm sure that there are chances of it getting close to $50k. All it needs is a intense up moment to reach $50k which can happen anytime when we see a positive news aka approval of spot ETFs. I'm still positive that if Bitcoin could reach $50k in 2023 then nothing will be able to stop it from crossing $100k to $120k in the bull run.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

Berkshire Hathaway Says Charlie Munger Died Today

99yo.
He didn't get Bitcoin.

Edit:
Quotes:
"Bitcoin is rat poison squared."
"Bitcoin is disgusting and contrary to the interests of civilization."

[OgNasty]

Berkshire Hathaway Says Charlie Munger Died Today

99yo.
He didn't get Bitcoin.

A sad day for investors as Charlie Munger was certainly one of the greats. It will be interesting to see how Berkshire Hathaway adjusts its strategy going forward and this will certainly be a wake up call to Warren Buffett that he needs to have a solid succession plan in place. I will await whatever wise words Warren Buffett has to say about this.

[JayJuanGee]

I was thinking that I should make a specific post about my new thread (only 4 days old - if that can still be considered new?), which may be more applicable to bitcoiners who have been into bitcoin for a while, yet of course, the ideas will still be potentially relevant (and aspirational) for those in their earlier BTC accumulation stages to figure out a BTC accumulation target (goal) in order to perhaps thereafter start withdrawing bitcoin on a monthly basis (or some other suitable kind of timeline) in more or less a passive (and sustainable) kind of a way.

JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance)

Of  course something like this could be applied on the individual level or maybe in a business, institutional or governmental context.  Part of the idea of using 21 BTC for each of the hypothetical accounts would be that one of the funds is used to fund developers and then the other hypothetical account would be used to administer the matter.. and sure maybe administration costs could be cut back, but initially, based on the current location of the 200-week moving average and how it has been progressing historically (which I also updated to be more conservative but to also contain more specific historical data in the entry-level fuck you status of my other thread), I think that it is better to start out with a 50/50 presumption for the budgets of each of the accounts and then maybe tweak the amounts later down the road, especially if the BTC price (and presumptively the 200-week moving average too) continues to go up as many of us continue to anticipate it to do.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[FinePoine0]

Go up Bitcoin 39k
go up Bitcoin 39k
go up Bitcoin 39k in hours......

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Berkshire Hathaway Says Charlie Munger Died Today

99yo.
He didn't get Bitcoin.

Edit:
Quotes:
"Bitcoin is rat poison squared."
"Bitcoin is disgusting and contrary to the interests of civilization."

Bitcoin IS rat Poison, he just didn't realize who the Fucking Rats are.

[Biodom]

Berkshire Hathaway Says Charlie Munger Died Today

99yo.
He didn't get Bitcoin.

Edit:
Quotes:
"Bitcoin is rat poison squared."
"Bitcoin is disgusting and contrary to the interests of civilization."

In this case, I just choose to say nothing about the guy apart from that he was about 1 mo away from 100.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com