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

[ChartBuddy]

Explanation
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[1714605867]

1714605867

[TheJuice]

40k will call this weekend and we will continue the slow grind higher. Expect 45k by EOY with 60k in sight end of the 1st quarter.

[El duderino_]

Annual meeting
Wall observers attend to
Antwerp was the place.

#haiku

[El duderino_]

Another step up the ladder we go. I’ve now had multiple people ask me about whether or not they should cash out their retirement and put it all into Bitcoin. This is usually a sign of a top but it’s definitely a sign that people who watch Bitcoin are starting to get fomo. With so much good news in the pipeline things may stay exciting for a while.

You know alot of stupid people.

Do you ask them why they didn't already do that?

Here are some real merits

[El duderino_]

Another step up the ladder we go. I’ve now had multiple people ask me about whether or not they should cash out their retirement and put it all into Bitcoin. This is usually a sign of a top but it’s definitely a sign that people who watch Bitcoin are starting to get fomo. With so much good news in the pipeline things may stay exciting for a while.

I had the same

Meet up with some WO’s recently and show them a text from a friend ….

Question was… can I call you about coins? 🤣

[El duderino_]

Yes closely towards 40k feels good to be here

Goodnight fams

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OROBTC]

Another step up the ladder we go. I’ve now had multiple people ask me about whether or not they should cash out their retirement and put it all into Bitcoin. This is usually a sign of a top but it’s definitely a sign that people who watch Bitcoin are starting to get fomo. With so much good news in the pipeline things may stay exciting for a while.

You know alot of stupid people.

Do you ask them why they didn't already do that?

Here are some real merits

And here are some thoughts on Giants and "Number Go Up"

One characteristic of Giants is that sometimes they buy certain classes of assets at what seem to be very high prices.  All kinds of interesting stuff.  Below is one case, who buys this stuff?  $91,000,000??

https://www.theguardian.com/artanddesign/2019/feb/04/wow-91m-jeff-koons-blow-up-dogs-record-prices-paris-oxford

Giants, defined in a certain way, have so much money (as well as more money coming in), that the LAST thing they need are more businesses, generating more CA$H.  It's almost a problem.  So what do some of them do?  They buy a Store of Value that they like and have confidence in.  The Koons Balloon Dog was bought by a Giant.  I presume he liked it, wanted it.  It's not generating income.  But as a Store of Value, it just could be that the owner could sell that Dog if he wanted..., to whom?  Another Giant.

Once a Giant has, say, 5 castles in Europe, do they want more?  Look, the Rothschilds have been GIVING away castles & palaces in recent years.  The Marginal Utility of another palace is NEGATIVE for them now.  Another example would be high-end car collectors, at some point it becomes more of a pain-in-the-butt collecting evermore Mercedes, Lambos..  There are several assets (perhaps better said: asset classes) that work a little better than others for Giants.  One clue: for some (most?) of these assets, as the price goes up, they are harder to find/buy.  Hmm.

Bitcoin behaves a little differently from typical assets owned by the Giants.  I'm still trying to figure this one out (where BTC falls on the spectrum of desired assets of Giants).  It does look like the Marginal Utility of owning more BTC declines slowly though, VERY typical of assets wanted by the Giants.  Let's see if this scarcity notion of most Giants' Assets holds in the case of BTC.  Perhaps rather than becoming physically more scarce, the BTC price increases might just be more dramatic than usual if/when the BIG $$$ start to flow in.  "Number Go Up even more Bigly."  But, like I wrote, Bitcoin may not follow the other assets I try to track.  It's a New Asset, really a new asset class.  And it is risky IMO, as .gov seems to hate it.

"Following in the footsteps of Giants" may require some out-of-the-box thinking.  But, almost everyone who buys Bitcoin is at least part way there.  We recognize value (and at least the idea, even if unspoken, of Marginal Utility).  Following in their footsteps, fortunately, usually does not require HUGE INVESTMENTS, perhaps being alert and having creative thinking.

I am extremely interested (and have been for years) in following BTC's price movements and acceptance in the years to come.  We will just have to see.

"We watch together, no?"

[philipma1957]

Another step up the ladder we go. I’ve now had multiple people ask me about whether or not they should cash out their retirement and put it all into Bitcoin. This is usually a sign of a top but it’s definitely a sign that people who watch Bitcoin are starting to get fomo. With so much good news in the pipeline things may stay exciting for a while.

You know alot of stupid people.

Do you ask them why they didn't already do that?

Here are some real merits

And here are some thoughts on Giants and "Number Go Up"

One characteristic of Giants is that sometimes buy certain classes of assets at what seem to be very prices.  All kinds of interesting stuff.  Below one case, who buys this stuff?  $91,000,000??

https://www.theguardian.com/artanddesign/2019/feb/04/wow-91m-jeff-koons-blow-up-dogs-record-prices-paris-oxford

Giants, defined in a certain way, have so much money (as well as more money coming in), that the LAST thing they need are more businesses, generating more CA$H.  It's almost a problem.  So what do some of them do?  They buy a Store of Value that they like and have confidence in.  The Koons Balloon Dog was bought by a Giant.  I presume he liked it, wanted it.  It's not generating income.  But as a Store of Value, it just could be that the owner could sell that Dog if he wanted..., to whom?  Another Giant.

Once a Giant has, say, 5 castles in Europe, do they want more?  Look, the Rothschilds have been GIVING away castles & palaces in recent years.  The Marginal Utility of another palace is NEGATIVE for them now.  Another example would be high-end car collectors, at some point it becomes more of a pain-in-the-butt collecting evermore Mercedes, Lambos..  There are several assets (perhaps better said: asset classes) that work a little better than others for Giants.  One clue: for some (most?) of these assets, as the price goes up, they are harder to find/buy.  Hmm.

Bitcoin behaves a little differently from typical assets owned by the Giants.  I'm still trying to figure this one out (where BTC falls on the spectrum of desired assets of Giants).  It does look like the Marginal Utility of owning more BTC declines slowly though, VERY typical of assets wanted by the Giants.  Let's see if this scarcity notion of most Giants' Assets holds in the case of BTC.  Perhaps rather than becoming physically more scarce, the BTC price increases might just be more dramatic than usual if/when the BIG $$$ start to flow in.  "Number Go Up even more Bigly."  But, like I wrote, Bitcoin may not follow the other assets I try to track.  It's a New Asset, really a new asset class.  And it is risky IMO, as .gov seems to hate it.

"Following in the footsteps of Giants" may require some out-of-the-box thinking.  But, almost everyone who buys Bitcoin is at least part way there.  We recognize value (and at least the idea, even if unspoken, of Marginal Utility).

I am extremely interested (and have been for years) in following BTC's price movements and acceptance in the years to come.  We will just have to see.

"We watch together, no?"

good read I sent some merits

[OROBTC]

^^^

You jumped in before I could finish my editing....      

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Cryptomultiplier]

I couldn't have been more interested in BTC than now even with its current price nearing the $40k mark. It's still expected to rise with certain new policies being enforced as regards the ban on using mixrs.

I don't see if it is a downward spiral for those who only just got interested because of the anonymity tools it combines to enable swift payment that isn't trackable or if it would be an upward spiral and have something to do with influencing the prices of crypto mostly BTC and the purchase of BTC by giants or whales or it would create a demand for other less known coins that strictly encourage anonymity.

Still, the price is climbing and those with a plan that overlooks the halving in the first quarter are buying despite the dip or fomo or fud inherently speculated.

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
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[ChartBuddy]

Explanation
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[OutOfMemory]

Oh yeah, it is that part of the cycle again  
Yesterday, i have read the first FUD article in a long time about Bitcoin, the energy and resource eating monster  
This time, the framing was "one transaction is wasting a swimming pool full of water" for cooling the nodes  
Again, the Vitalik coin was mentioned as demonstrating an alternative, because "changing the algorithm" (POS, for newbs) saved 99% of energy in the network.
The one argument i couldn't really follow was "the more expensive Bitcoin gets, the more energy intensive the network becomes"  

my rating: bullish, though  

the more articles
the more FOMO will kick in
A mainstream news law?