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

[NIZZAONE]

 

[Biodom]

I've been thinking a lot about these ETFs and running the possible scenarios through my head.

I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.

What might this look like?

There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.

George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.

The attack vector here will come from all angles, this is what makes my probability so high:

- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.

- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.

- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.

- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.

- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.

- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.

There is no real precedence for any of this.

We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.

If you see what I see, there are not any words in the English language to describe how big of a deal this is.

We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.

Where we are going, there will be no ask.

If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.

It seems to me that there is blood in the water here.

The sharks are coming...

They can see the kill.

They want a feast.

And they fucking deserve it.

https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19

I found those scenarios to be unlikely in a short time frame (1-2 years).
Most likely, we would pull up to a significant % of the gold market cap of about 12 tril (anywhere between 30 and 50%) aka $4-6 tril or 200-300K/btc.
My favorite number, if someone asks, is currently $236K/btc.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cygan]

welcome to the clown-world
french television reports that the Bitcoin price will be halved after the halving...

https://twitter.com/BitcoinMagazine/status/1767284805966672170

[BitcoinBunny]

welcome to the clown-world
french television reports that the Bitcoin price will be halved after the halving...

https://twitter.com/BitcoinMagazine/status/1767284805966672170

Instead of spouting drivel, she should get into la cuisine and make me a baguette.

[xhomerx10]

welcome to the clown-world
french television reports that the Bitcoin price will be halved after the halving...

https://twitter.com/BitcoinMagazine/status/1767284805966672170

  HFSP France!

[cygan]

[BitcoinBunny]

Whatever dumbassery there is in the legacy media, at least it is very clear that they are still talking about Bitcoin.

Certainly not Ethereum, not Vitalik walking zombie deep eye socket man, not BNB, not Solana and not bearded ape asswiped NFTs.

Other "cryptos" are not even worth mentioning here as they are bound to fall off the radar in a few years whichever position they currently enjoy on coinmarketcap.

Most never even regained their previous highs whilst we have seen BTC's new ATHs. At what point is it not clear to people that they are shitcoins?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[criptoevangelista]

I'm starting to believe in Adam Back... 100k before halving

[Pandorak]

welcome to the clown-world
french television reports that the Bitcoin price will be halved after the halving...

https://twitter.com/BitcoinMagazine/status/1767284805966672170

I'm sure she herself doesn't know what she's saying, she thinks the halving event is an event to halve price of bitcoin, french bitcoiners should apologize 1000x for this .

[BitcoinBunny]

welcome to the clown-world
french television reports that the Bitcoin price will be halved after the halving...

https://twitter.com/BitcoinMagazine/status/1767284805966672170

I'm sure she herself doesn't know what she's saying, she thinks the halving event is an event to halve price of bitcoin, french bitcoiners should apologize 1000x for this .

I will forgo an apology personally as long as Eva Green is FedExed to me via overnight shipping.

[Pandorak]

welcome to the clown-world
french television reports that the Bitcoin price will be halved after the halving...

https://twitter.com/BitcoinMagazine/status/1767284805966672170

I'm sure she herself doesn't know what she's saying, she thinks the halving event is an event to halve price of bitcoin, french bitcoiners should apologize 1000x for this .

I will forgo an apology personally as long as Eva Green is FedExed to me via overnight shipping.

You got her (Eva Green with FedEx), now you can apologize

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I've been thinking a lot about these ETFs and running the possible scenarios through my head.

I'm increasing my probability of a speculative attack on the USD to 30-40% by the end of 2025.

What might this look like?

There will be a gargantuan, constant bid on Bitcoin, as a flight to safety out of all fiat currencies. A bid from the hand of God himself.

George Soros breaking the Bank of England will be a drop in the ocean compared to what is coming.

The attack vector here will come from all angles, this is what makes my probability so high:

- From the corporate angle: companies see what Saylor is doing with issuing more and more debt to buy bitcoin, and copy him.

- Countries see the success of El Salvador in buying bitcoin and copy them. The Saudis also start bidding, causing other countries to bid in secret for national security reasons.

- Individuals see viral Tik Tok campaigns explaining that the cost of living is so high because of the currency. They buy because they are screwed anyway. Financial nihilism. The zeitgeist is perfect for this.

- Banks see customer deposits flee to crypto exchanges / ETFs, prompting them to offer custodial solutions.

- Politicians looking to make a name for themselves realise the younger generation wants Bitcoin, not Fed Coin.

- Hedge funds realise the US is increasing debt by $1 trn every 100 days and make it publicly known that they are taking very large positions in Bitcoin, encouraging others to do the same.

There is no real precedence for any of this.

We are talking about a global flight to safety on a scale that is so enormous it should scare you to even consider this as a 1% probability event, let alone 30-40%.

If you see what I see, there are not any words in the English language to describe how big of a deal this is.

We are talking about a tidal wave of money all trying to escape the fiat system simultaneously, into a digital asset with a fixed supply.

Where we are going, there will be no ask.

If this eventuates, it will become a systemic risk to the global financial system as it is currently structured, forcing the G20 to convene in a Bretton Woods 2.0 meeting to rejig The Game.

It seems to me that there is blood in the water here.

The sharks are coming...

They can see the kill.

They want a feast.

And they fucking deserve it.

https://twitter.com/rationalaussie/status/1767216888936071427?t=SlyoLg9f5DR4cI2VInoZ1A&s=19

I found those scenarios to be unlikely in a short time frame (1-2 years).
Most likely, we would pull up to a significant % of the gold market cap of about 12 tril (anywhere between 30 and 50%) aka $4-6 tril or 200-300K/btc.
My favorite number, if someone asks, is currently $236K/btc.

I think the flight will be into:

gold
silver
platinum
palladium

then btc

Maybe stones like ruby emeralds and diamonds.

But it still does not mean dump your btc.

I am hoping for my btc savings to become higher than my wife's 'safe' 401k by 2026

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

End of another day (UTC) with another lovely green candle.

Go Bitcoin go.


Edit: Also a new ATH (price) and a new ATH (weighted daily average).

Rank   BitStamp  USD/BTC
   1  2024-03-11  71360 USD
   2  2024-03-10  69255 USD
   3  2024-03-09  68393 USD
   4  2024-03-08  68221 USD
   5  2021-11-09  67483 USD
   6  2024-03-07  67191 USD
   7  2024-03-06  66315 USD
   8  2021-11-10  66256 USD
   9  2024-03-04  65970 USD
  10  2021-11-08  65762 USD
  11  2021-10-20  65702 USD
  12  2021-11-15  65064 USD
  13  2024-03-05  65034 USD
  14  2021-11-11  64931 USD
     * * Chart Explanation * *

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com