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

[True Myth]

On the one hand I am obviously happy when the ETF gets approved. There is an ocean of dollars out there that can't use Coinbase/Kraken/Binance and the like. On the other hand I notice I am a bit sad by the thought of it, Bitcoin will never be the same anymore afterwards. It leads to more centralisation and retail buying ETF shares will never learn to self custody and transact in bitcoin (and therefore fully understand and experience Bitcoin). Creating paper bitcoins is a very tempting threat. Wallstreet will love their new and volatile toy for daytarding and there are heaps of trading fees to be earned by the exchanges, encouraging it to change hands like a hot potato. I can even imagine once Blackrock and the likes get a decent market share they start to have an opinion on blocksize, which transactions should and shouldn't be in a block, etc.

Let's see how it evolves, can't do much about it except for not buying those ETF's and hodl your own coins.

+Merit (sorry no sendable)

Being excited about entities that have overwhelming control of most things financial entering the Bitcoin space is both exciting and unnerving.  Additionally, how long does it take them to accumulate an influential amount even without manipulation?

Time will tell how this all plays out.

[1714228235]

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[1714228235]

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[serveria.com]

OMG, great to be back to my beloved thread.   I see some old farts are still alive and kicking? Christmas time is coming so it's time to share dem gay Christmas cards?    I hope you remember they drive BTC price upwards like crazy?  

Yes great memories:



Merry Xmas @boblawblaw

Merry Christmas, Bawb:

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Bitcoin's value soars,
CrossFit's twelve-day challenge,
Fierce gains, strength endures.

[AlcoHoDL]

Bitcoin's value soars,
My CrossFit twelve-day challenge,
Fierce gains, strength endures.

Missed one syllable.
Honey Badger don't care though.
FTFY dude.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OutOfMemory]

Bitcoin's value soars,
My CrossFit twelve-day challenge,
Fierce gains, strength endures.

Missed one syllable.
Honey Badger don't care though.
FTFY dude.

one for all for one
the musketeers used to say
true wall observer

like true observers
are here for fun and giggles
and watch bitcoin price

not the best haiku
i ever wrote for this thread
it's history now

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

On the one hand I am obviously happy when the ETF gets approved. There is an ocean of dollars out there that can't use Coinbase/Kraken/Binance and the like. On the other hand I notice I am a bit sad by the thought of it, Bitcoin will never be the same anymore afterwards. It leads to more centralisation and retail buying ETF shares will never learn to self custody and transact in bitcoin (and therefore fully understand and experience Bitcoin). Creating paper bitcoins is a very tempting threat. Wallstreet will love their new and volatile toy for daytarding and there are heaps of trading fees to be earned by the exchanges, encouraging it to change hands like a hot potato. I can even imagine once Blackrock and the likes get a decent market share they start to have an opinion on blocksize, which transactions should and shouldn't be in a block, etc.

Let's see how it evolves, can't do much about it except for not buying those ETF's and hodl your own coins.

The big players (the centralised ones) cant keep there eye off from Bitcoin as its market cap is around 1 trillion USD. Let them come and we will see how bitcoin maintains its decentralised nature. Bitcoin will defiantly come more stronger out from this much hyped ETF. To be a mature asset Bitcoin has to pass such tests, which will continue to come.
To me Blackrock and alike will either run away or surrender to bitcoin decentralised nature because there are only 21 million Bitcoins that will ever be generated.    

[JimboToronto]

Good morning Bitcoinland.

Still going sideways near $44k. Calm before the storm?

Meanwhile, we're running out of time to post gay Xmas cards. Anyone still remember Ellen D?

[serveria.com]

Good morning Bitcoinland.

Still going sideways near $44k. Calm before the storm?

Meanwhile, we're running out of time to post gay Xmas cards. Anyone still remember Ellen D?

Yeah, brethren, very little support this year, we need to try harder! Where's Bawb? 

[AirtelBuzz]

FYI

theymos has finally enabled two-factor authentication for bitcointalk

2FA added
https://bitcointalk.org/index.php?topic=5478824.0

Yes this is an important step taken by admin to protect our accounts.
Many thanks to two people for this @theymos and @PowerGlove

@PowerGlove A few months ago he posted about the 2FA system.

A concise 2FA/TOTP implementation (SMF patch)

https://bitcointalk.org/index.php?topic=5457330.0

[OgNasty]

The market really seems to want to jump up to $48K in my opinion after looking at a chart.  It seems like we're in another consolidation period just like around $40K and this is the second attempt at a breakthrough.  Will we get one final Christmas rally push to end the year above $45K?  I'd say it honestly looks more likely than not, but it's also hard to tell what will happen when everybody is off work instead of at their desks trading.  Hopefully some holiday talk around the dinner table will be enough to get some new buyers to push the market over this hurdle. 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

It's nearly time for some more up. Tuesday, maybe after all the hodlers turn up for Christmas in their new cars?