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

[ChartBuddy]

Explanation
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[1714313266]

1714313266

[1714313266]

1714313266

[Moreno233]

 Sounds almost as cool as forty-eight thousand dollars per bitcoin.

I bet $50K would be cooler.
Where are those waiting for the bottom to buy?
We breaking through walls
Bitcoin a juggernaut.

BTC have left them with their fiat.
This is the reason the DCA method is easier and better.
Base on the recent behavior of BTC, I combine both... if I can't catch the bottom, DCA got me covered, at least I won't miss out.

Wisdom is needed to make the most of BTC especially for those of us who are a kind of late to the party... being aggressive and intentional is needed.

[somac.]

Transaction fees now under $1 again.

[adultcrypto]

$50k is upon us, what a time to be a bitcoiner!

Transaction fees now under $1 again.

What have changed? Does it mean the Ordinal virus is over?

I really want to know what happened because it is strange seeing price rising and TX fee dropping.

[bitebits]

$50k is upon us, what a time to be a bitcoiner!

Transaction fees now under $1 again.

[...]

I really want to know what happened because it is strange seeing price rising and TX fee dropping.

People are hodling.

[JayJuanGee]

Wisdom is needed to make the most of BTC especially for those of us who are a kind of late to the party... being aggressive and intentional is needed.

Everyone feels late, and you cannot do anything about that.. except for do your best to accumulate in the most BTC that you can in the most reasonable way possible, and largely you are still not late - especially since there are going to be folks just coming into bitcoin later this year, or coming into bitcoin a year and a half from now and even coming into BTC 4-10 years from now, and if you get started now or keep building up your BTC stash in terms of feeling like a relative newbie, you surely are going to be ahead of those later entrance folks.

Also who knows what the BTC price is going to be at those various later dates, including who knows if we are ever going to get into the $30ks again, even though there were fairly prominent folks waiting for the lower $30ks, and that is seeming less and less likely (even though it is not impossible that we might experience those kinds of BTC price dips, it is also seeming a bit of a fantasy to either be expecting those kinds of dips and perhaps to have had mot taken advantage of the short period of time that we did dip into the $30ks 2.5 weeks ago.

$50k is upon us, what a time to be a bitcoiner!

Yeah.. getting close to an all year high...   even two year high... and there seems to be some sense of where this might be going.

Transaction fees now under $1 again.

What have changed? Does it mean the Ordinal virus is over?

I am not going to claim  to know.

I really want to know what happened because it is strange seeing price rising and TX fee dropping.

Maybe you can investigate and report back?  There are threads on the topic, and even some theories, but nothing really solid - except maybe considerations that many of us should attempt to prepare for situations in which we cannot count upon BTC on chain transaction fees to be low at all times, and sometimes we have to figure out ways to manage our UTXOs, especially if we might have some smaller UTXOs that we might want to consolidate.

[adultcrypto]

Wisdom is needed to make the most of BTC especially for those of us who are a kind of late to the party... being aggressive and intentional is needed.

Everyone feels late, and you cannot do anything about that.. except for do your best to accumulate in the most BTC that you can in the most reasonable way possible, and largely you are still not late - especially since there are going to be folks just coming into bitcoin later this year, or coming into bitcoin a year and a half from now and even coming into BTC 4-10 years from now, and if you get started now or keep building up your BTC stash in terms of feeling like a relative newbie, you surely are going to be ahead of those later entrance folks.

I guess I'm not alone in such feeling of lateness then. I've learnt a lot from you and other great people in this forum, so I can't be lost: I'm going about it the right way, buying according to budget and following strict plans, not forgetting the  importance of emergency funds.

Also who knows what the BTC price is going to be at those various later dates, including who knows if we are ever going to get into the $30ks again, even though there were fairly prominent folks waiting for the lower $30ks, and that is seeming less and less likely (even though it is not impossible that we might experience those kinds of BTC price dips, it is also seeming a bit of a fantasy to either be expecting those kinds of dips and perhaps to have had mot taken advantage of the short period of time that we did dip into the $30ks 2.5 weeks ago.

I think these questions are the reason I so much love the DCA method; it gives the much needed calmness to participate in any market condition. So whatever the market offers, I'm open for it. Lower prices means more BTC for those of us still building. Please I do not mean to offend those who have passed the accumulation phase and are eager to see the price rise

[ChartBuddy]

Explanation
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[xhomerx10]

[ChartBuddy]

Explanation
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[somac.]

$50k is upon us, what a time to be a bitcoiner!

Transaction fees now under $1 again.

What have changed? Does it mean the Ordinal virus is over?

I really want to know what happened because it is strange seeing price rising and TX fee dropping.

Jay covered your question pretty well.

Never knowing why these things happen is part of the beauty of it all. Just understand that higher fees solve themselves. Same as with any commodity.

[Hueristic]

Transaction fees now under $1 again.

Haha been wondering how long it would take for this to go through.

https://mempool.space/tx/8ba18dbd7241a9ca17700d2103774d1cd94e03da503a6e562a57df468f829659

sent with low fees for fun from our fantasy league.

Transaction fees 0.0001 BTC (11.3 sat/vB)
Sent January 02, 2024

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Xinarae*]

Buying #Bitcoin Today
Is like buying real estate in Manhattan in the 1800s.


https://twitter.com/Vivek4real_/status/1756256557354865020


Buying 2024.

[DirtyKeyboard]

ChartBuddy's 24 hour Wall Observation recap
..
All Credit to ChartBuddy

[ChartBuddy]

Explanation
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[somac.]

Transaction fees now under $1 again.

Haha been wondering how long it would take for this to go through.

https://mempool.space/tx/8ba18dbd7241a9ca17700d2103774d1cd94e03da503a6e562a57df468f829659

sent with low fees for fun from our fantasy league.

Transaction fees 0.0001 BTC (11.3 sat/vB)
Sent January 02, 2024

Good things come to those who wait.

[ChartBuddy]

Explanation
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[OgNasty]

Transaction fees now under $1 again.

Haha been wondering how long it would take for this to go through.

https://mempool.space/tx/8ba18dbd7241a9ca17700d2103774d1cd94e03da503a6e562a57df468f829659

sent with low fees for fun from our fantasy league.

Transaction fees 0.0001 BTC (11.3 sat/vB)
Sent January 02, 2024

Good things come to those who wait.

Indeed. Great news for the Bitcoin network as well. Usually you see transactions spike along with the price. If the mempool gets much clearer it will be a good time to consolidate some inputs for future spending.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com