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

[philipma1957]

drifting along in the 60-70 slot one day we will leave and quite dramactically.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Bulltard]

Where am I?

outside?


https://www.sec.gov/news/press-release/2024-60

"Heather Slavkin Corzo, a prominent critic of cryptocurrencies, is stepping down from her role as policy director at the U.S. Securities and Exchange Commission (SEC), the regulatory body announced in a statement on Friday."

https://coinedition.com/secs-policy-director-steps-down-amid-ongoing-crypto-scrutiny/


not sure the replacement will be much better but still, good riddance.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Observing 66,823@Stamp

Usual WO game:

Where am I?



I blame joker_josue tool for rotating the image!

 Definitely outside.

Code:

https://www.google.com/maps/@51.4945308,-0.1734432,3a,75y,242.06h,69.86t/data=!3m6!1e1!3m4!1sBlF9yYMkRDp3z4nPSHThZg!2e0!7i16384!8i8192

[OgNasty]

Feels like the bullishness is taking over in the markets.  I think inflation has worked it's way through the system and is hitting earnings now, inflating the value of everyone's portfolio and setting up the next inflation wave that is likely to cause some negative effects in the overall economy.  For now though, the rich are getting richer at an incredible pace and Bitcoin is benefitting from it greatly.  It's only a matter of time before the new all time high articles start hitting news stands and regular people start realizing what's happening and that their narrative on Bitcoin is completely wrong.

[Bulltard]

 Definitely outside.

damn, i was so close

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

drifting along in the 60-70 slot one day we will leave and quite dramactically.

Yeah we’re building a real acceptance that > $65,000 is normal. Soon there will be a real lack of willing sellers at these prices and the effect of the halving is going to kick in. The next leg up will take us into the $85,000 range I think.

Hopefully we see over $100,000 this year. That will set us up nicely for the peak bull run in 2025. I really need to devise a sell plan for this cycle soon. I’m planning to sell 25% again (like the last cycle peak bull zone in 2021).

[Filippo Spina]

I don't think price will go below 50k ever again.

Is this a good statement based on the price action of the past 3 years or so?

Unless some goofy goober with a centralized exchange decides to hurt the price again like SBF did -.-

I think resistance will be so strong after this halving, and people are going to be fighting over satoshi's like never before between now and next halving.

Thoughts?

EDIT: LFC! Thank you <3 I guess my perception on price action behaviour is somewhat decent! Very self-movivating and I appreciate that merit.  

You too, Juan! <3

[buwaytress]

I am close to leaving this game I did it a long time .

The problem for me was 2012 to 2017 I did not believe it as much as
I should have.

So even though I have made 100,000's of thousands it would have been a lot more by simply posting a signature and holding the coin.

Some times you get discouraged at what you did with it even though you made decent coin you feel it should have been way more.

I do look back and laugh at all my various failed ploys to be smart. A little investment here, a little gambling there, a little carelessness elsewhere... I was only in this since 2016 but I "joined" only because I was actually convinced by personal experience. So it helped that I did DCA until 2020, it allowed me to afford the big emergency of 2020 I had.

But had I, as you say, simply earned from a signature and held my coin, and did nothing else, I'd be many zeroes in today.

I comprehend that disappointment, but I put to you that still, to walk on your own terms --  I hope that's something you'll continue to appreciate even with wistful hindsight.

I reckon I could convince her to take the Orange Pill.

Long as you're the one feeding it

[philipma1957]

Feels like the bullishness is taking over in the markets.  I think inflation has worked it's way through the system and is hitting earnings now, inflating the value of everyone's portfolio and setting up the next inflation wave that is likely to cause some negative effects in the overall economy.  For now though, the rich are getting richer at an incredible pace and Bitcoin is benefitting from it greatly.  It's only a matter of time before the new all time high articles start hitting news stands and regular people start realizing what's happening and that their narrative on Bitcoin is completely wrong.

Well you are optimistic today.

I am still debating what to do next.

Selling off the mine is sad but must be done.

After I sell more gear I will decide what is next.

So far I have sold over 17k in gear lots more to sell

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

buddy be bopping at 66.9k

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

66.9k in a loop

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Feels like the bullishness is taking over in the markets.  I think inflation has worked it's way through the system and is hitting earnings now, inflating the value of everyone's portfolio and setting up the next inflation wave that is likely to cause some negative effects in the overall economy.  For now though, the rich are getting richer at an incredible pace and Bitcoin is benefitting from it greatly.  It's only a matter of time before the new all time high articles start hitting news stands and regular people start realizing what's happening and that their narrative on Bitcoin is completely wrong.

Well you are optimistic today.

I am still debating what to do next.

Selling off the mine is sad but must be done.

After I sell more gear I will decide what is next.

So far I have sold over 17k in gear lots more to sell

Good luck with your sales! I always thought the selling of no longer used gear was the hardest part about mining.

I am pretty optimistic about anything priced in dollars. Sure, we’re due for a horrible recession that will strengthen the dollar and crash asset prices, but it will be a temporary opportunity to flee fiat as government debts cause a laughable amount of money printing over the following decade. I’m not just bullish on Bitcoin. I’m especially bullish on anything with pricing power. Established brands of any kind will do quite well over the coming 10-20 years in my opinion.