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

[JayJuanGee]

Buy the rumor is where we are now and sell the news when ETF recieved approval next month.

Price could rise to $50.000 before years end.

Instead of a god green candle i anticipate a massive $10.000 - $20.000 red candle for a complete resett.

Yes.. you gotta get BIGGER with your expectations.. especially since you have been expecting this since $31k-ish.

Must not be a good position to be in.. to have had failed/refused to buy when we were in the $24k to $27k zone for around 2 months... between mid August to mid-October... .. was not even that long ago.. and sure it could happen.. but a retesting is not always the most painful way... and that is why the most painful way can sometimes hurt even more when you had failed/refused to sufficiently/adequately stack cornz.

More sustainable might be another story.

I absolutely despise that word.
When does your ass become unsustainable?

The use of such word depends upon context... so stop being such a hater upon the attempts to communicate meaning, even as flawed and imprecise some of us might be from time to time.

I don’t think we spend another week below $39K. There is just too much demand at the moment.

How about the next 2-3 months?

It is not impossible, but it doesn't seem too likely that we would stay below $39k for the next 2-3 months... but never say never.

My golden rule: "buy when you can, sell when you must." Has served me well, and has given me the needed time and patience to reach that 1.4x / per year. Will it slow down? Will it speed up? I can't say. What I know is that no one has ever lost by investing in Bitcoin, given sufficient maturity (at least one cycle). And that's that.

Good strategy, but only second best to the chunk selling of your corn at the peak of every cycle.
Your strategy is worry-free and solid, but the chunk selling one, ensures that you gradually become a larger holder.

Selling at the top assumes a couple of matters.  1) being able to identify the top, and 2) being in the BTC accumulation game for long enough (or to have had stacked enough) that it actually makes sense to sell rather than to just keep accumulating.

When you get wealthy in life, you don't have go around telling people about it.

If they ask directly, just say you became an "investor" and you eventually became wealthy on your "investments".

That is all. They don't need to know exactly how you did it. They don't need those details.

This cartoon illustrates the fact that they wouldn't have the balls and determination for it anyway.

imo it heavily depends on who you are asked by.
I met people who got all in, because I was honest with them, and because they understood what BTC stands for.

There are different ways to BTC land... and if I can help a curious friend, I will.

I don't mind sharing either, but a true rare beast that would end up engaging in some kind of a relatively aggressive investment strategy into BTC after such purported orange pilling.. and it seems that we (you and I, Gachapin) had this conversation previously.

[1714291227]

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[1714291227]

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[Paashaas]

[JayJuanGee]

Wow, just noticed that Gold spiked to $2150, a new ATH.

Those sitting on cash are waking up to the reality that they are going backwards!

Is the market pricing in rate cuts next year, or are they being manipulated to help justify the need to further increase rates…

Something is going to happen next year that will force the Fed's hand to start lowering rates. (A war in Taiwan? Major terrorist attack? CRE and Banking sector meltdown? Who knows, but it'll just be a cover story)

When this starts to happen, the leftover 1 trillion $ from the Fed's RRO will begin moving out, looking for a better return elsewhere. It's already been draining fast since June, down from a high of 2 trillion $.

If the market begins to crash, Wall Street will take all that money and massively short the market, looking to scoop up more cheap shares.

Wall Street already knows all this is coming (insider knowledge), they are just front running it now.

I think in the same way, and also everything feels like that, is something below the water that more of the big players already know but the mass of people dont, i dont know what really is but doesnt feels good, can be whatever you mention or even worse escalation on ISrael conflict, Russian Ukraine changes, Taiwan war? or maybe the new Venezuela esquebo/guayana war? seems like a multi mini wars being played, not good.

But also all the above can be good for BTC like reserve of value, you can see gold goind up and digital gold going up also  

Think cyber attack, or aliens or some other such nonsense... I am not sure if they could get away with Pandemic 2.. .but you never know, there may be some variation of pandemic in the mix, too.

[Suzume]

REKT IN PEACE  Bitcoin is $41.5k

https://twitter.com/naiivememe/status/1731524701116305909?t=i35IrTbSPp-UHEnQZQ2Imw&s=19

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hewlet]

Bitcoin memes are of a different breed.

ouch 😄

[El duderino_]

Also first generation to be involved with BTC 🤓

[OnZen]

Fuck WO Buddies Bitcoin in fucking on the way to the moon. Go to sleep buddies and live Bitcoin alone to do fuck and increase value 

[Richy_T]

Wow, just noticed that Gold spiked to $2150, a new ATH.

I remember when we were hoping for gold parity.

[Richy_T]

I feel like that last one is a moving target and has been achieved several times in the past.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[lightfoot]

I have to get my dick an ultrasound at the urologist later this AM.

*sighs* Don't get old if you can avoid it.

what a nice morning erection.

BPH? Sucks but manageable. I would recommend Flomax+Tadalifil for treatment, don't get your dick steamed, cut, crushed, or whatnot unless absolutely necessary.

Tadalafil (Cialias) also fires up the old sex drive again. Worth it.

[WatChe]

.

.

Yeah, true that.

BUT...

what do you consider to happen if bitcoin would switch to PoS one day?
It's not impossible, there's that. Even if would become relevant through future BIPs, what would you think would change implicitly?
OG's leaving? Institutions going all-in? Big miners wrecking it all for the profits? Satoshi coming out like Superman?
This is not a rethoric question (my example answers are rethoric, though). I really asked for your opinion.

Don't get me wrong, i'm not in favor of PoS, this model is just a No-Go for the sake of Bitcoin's "soul" (an analogy), but i can see the point(s) of such a change, which are on top of "good willing" people, but the downsides have to be considered, too, which is most likely not the case with everybody who likes the PoW ideas, they just see their manifests, not much caring about the other possible effects on the system, which are by no means always positive, imho.
But there's always a bad aftertaste with "good will", inherently, i think most of us here know that "good will" (aka. "wanting only the best for something/somebody) is most always not really the best, especially in hindsight.

I know that Bitcoin is not Bitcoin without PoW, even if i didn't explicitly point that out. And that was the expected answer, but i did want to read WatChe's opinion.
Don't get me wrong  
#GN

You have a rational question that why bitcoin can't move to PoS?
We all have consent that bitcoin is not switching to PoS but why?

If you see cryptocurrencies on cmc then apart from Bitcoin almost all are centralized, i.e. there is someone who is controlling it. Ethereum was supposed to be next decentralized crypto after Bitcoin but it also shattered that illusion by switching to PoS. Since that tells the story that it's in the hands of few developers. They can do manipulation any time.

The reason why bitcoin is leader is mainly because people have trust that its decentralized and that's mainly because no few people can change its code. To me Bitcoin is very much distributed and its not possible to take control of thousands of nodes that's managing bitcoin and that's why it can't switched to PoS.

For me, there is more chance of snow in Africa then bitcoin switching to PoS (or changing its code).

[AlcoHoDL]

1. Huh? That looks like a salted caramel donut. My favorite, but the good doctor says I should cut down on those...

2. Have you ever been to Nebraska?

3. Pfff. I see this every night man. Check this out.

[OutOfMemory]

3. Pfff. I see this every night man. Check this out.

Thanks a ton, AlcoHoDL, for putting my search for the perfect christmas present to an end 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

[...]

3. Pfff. I see this every night man. Check this out.

Thanks a ton, AlcoHoDL, for putting my search for the perfect christmas present to an end  

Glad I helped. I don't actually own it, but thinking about buying it. I discovered it a few days ago, in one of Sabine Hossenfelder's videos:

YouTube — The Do's and Don't's of Good Sleep, According to Science

You can get 15% off your order if you purchase it by clicking her link in the video's description.

I hope it is as good as it looks in the video...

[SamReomo]

It's the first week of December and Bitcoin as already crosses $42k mark and that gives me more confidence in my prediction that Bitcoin will reach $50k in value before 2024. We still have so many days to see Bitcoin at $50k and there can be Christmas surprise as well. I'm quite sure that Santa might be keeping that thing as surprise for us. I'm still positive that Bitcoin will reach $50k in this month and may reach very high levels in 2024-2025.

[OROBTC]

...

Torque's reply 655321:  Yeah, but they monkey-hammered gold this morning.  Yes, I agree re Wall Street would just love to pick up some battered shares when (not if) that time comes.

* * *

El_dude: 655332:  

Oh yeah, blessed to see all 4 things in our lifetimes!

* * *

Richy-T: 655335:  

Yes, but to get back to 1BTC:1kg Au (at earlier today $2140) we would need to be at some BTC @ $68,000+.  Gold was priced a lot lower when BTC first passed 1 kg, that does hint that BTC has more room to run up than gold.

[BitcoinBunny]

Christmas price prediction: $55,000 

End of year price prediction: $65,000   

2024 ATH price prediction: $179,000