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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[El duderino_]

Indeed over 70 as writing

But agree with Jimbo... keeping the WO classic and OG related, it separates us from a lot of other   "crypto-not only BTC minded peeps"

Btw ofc... I have my guilty pleasure of fucking around in the wild wild west, but not on the WO and not keeping my head on the one and only main target.

OG WO = OG Stamp  

[Greyhats]

One thing I noticed, was for the last while or so there has been a big wall(in futures market) in and around 75k. With this move up its seems to have shifted down to 72k. I wonder is movement something to do with the end of month option expiry. I do hope the bears get rekt

[Gachapin]

nice to see the lucky 7 again.

might be some profit taking from mEth dealers into BTC... at least that is what any sane person should own in the end

[Gachapin]

Unpopular opinion: Bitcoin is the most appreciated crypto, because simplicity silences anything noisy over the long term.

Maybe.  Or Bitcoin is the most appreciated crypto because it came first and it actually works.

70k topped yet again!

and back down one more time.

It will go back up this time.
ATH (this week) --> $80k+ (in June)

Straight out of my Crystal Ball^TM.

I'm with you. ATH this week looks likely

any other bets.. anyone?

[El duderino_]

Unpopular opinion: Bitcoin is the most appreciated crypto, because simplicity silences anything noisy over the long term.

Maybe.  Or Bitcoin is the most appreciated crypto because it came first and it actually works.

70k topped yet again!

and back down one more time.

It will go back up this time.
ATH (this week) --> $80k+ (in June)

Straight out of my Crystal Ball^TM.

I'm with you. ATH this week looks likely

any other bets.. anyone?

A true Hodlers feeling is worth a lot more as any crazy youtube-twitter-social media guru imo

[vapourminer]

70k topped yet again!

Where? I see $69982 at Bitstamp.

look at aggr.trade


https://aggr.trade/300a

bruh

stamp is our official measure at the WO

well, as much as anything can be considered official here

[Phil_S]

nice to see the lucky 7 again.

77777 would be so much more lucky tho

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[WatChe]

I am pretty sure that the Eth boys are still not very transparent in regards to how many coins there are exactly, including but not limited to that early 2014 premine.  The supply question has never really been very verifiable as far as I have understood.. but the Eth folks seem to consider that to not really be much of a problem.

Wasn't there some verify the block questions that even came 6-12 months earlier than their other stupid ass 2022 movement into POS, which should have gotten people understanding that ethereum was constantly changing itself without much for parameters or even straight-forwardness in regarding whatever new thing it had decided to become..

As far as I know only Bitcoin is clear about it's coin process. We know 21 million Bitcoins will be generated ever at a specific rate. Rest all coins are centralised with no clear visibility of whats going on inside.
In case of Ethereum there is no upper limit of how many Ethereum that can ever exist. In Jun 2016, 30,000 Ethereum were entering circulating supply through block reward while in Jun 2022 it was dropped to 13000[1]. These numbers are too high.

[1] https://coincodex.com/article/31766/how-many-ethereum-are-there/

[Gachapin]

nice to see the lucky 7 again.

77777 would be so much more lucky tho

Who of us could argue with that!


Btw I liked this news. Could be that it was posted already. Sorry in that case! I'm a bit behind with reading.



Argentina and El Salvador Discuss Bitcoin Adoption.

https://elsalvadorinenglish.com/2024/05/23/argentina-and-el-salvador-discuss-bitcoin-adoption/

[LFC_Bitcoin]

Still lots of resistance at $70,000. Lots of sellers & leveraged shorts in this area.

You have to wonder what kind of absolute morons are selling one month after the halving when we have impending supply shock, Spot ETFs and the vast unlocked capital they bring, institutional interest, corporate and likely sovereign money flowing in.

We’re 6 months or so away from real parabola. What sort of imbeciles are unloading their precious Bitcoin right now at barely past the 2021 high?

[cygan]

[Gachapin]

Still lots of resistance at $70,000. Lots of sellers & leveraged shorts in this area.

You have to wonder what kind of absolute morons are selling one month after the halving when we have impending supply shock, Spot ETFs and the vast unlocked capital they bring, institutional interest, corporate and likely sovereign money flowing in.

We’re 6 months or so away from real parabola. What sort of imbeciles are unloading their precious Bitcoin right now at barely past the 2021 high?

big buyers selling into their own walls in hope that stupid people follow and sell their coins to them ?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

70k topped yet again!

Where? I see $69982 at Bitstamp.

look at aggr.trade


https://aggr.trade/300a

bruh

stamp is our official measure at the WO

well, as much as anything can be considered official here

shame the sound track on aggr.trade is sweet

[OutOfMemory]

Unpopular opinion: Bitcoin is the most appreciated crypto, because simplicity silences anything noisy over the long term.

I disagree, in particular with the implementation of Ordinals. Bitcoin has scaling problems, which layer-2 protocols like Lightning try to solve, but Ordinals are working against these solutions, because they are clogging the main-chain blocks.

EDIT: I felt the need to add that i only criticized the simplicity aspect of your (unpopular) opinion. Bitcoin is working and survived hundreds of deaths, the only logical conclusion is that it's the most trusted, and thus most appreciated crypto.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Unpopular opinion: Bitcoin is the most appreciated crypto, because simplicity silences anything noisy over the long term.

I disagree, in particular with the implementation of Ordinals. Bitcoin has scaling problems, which layer-2 protocols like Lightning try to solve, but Ordinals are working against these solutions, because they are clogging the main-chain blocks.

EDIT: I felt the need to add that i only criticized the simplicity aspect of your (unpopular) opinion. Bitcoin is working and survived hundreds of deaths, the only logical conclusion is that it's the most trusted, and thus most appreciated crypto.

I think what ultimately makes Bitcoin more valuable than others is that it is widely considered to be the most fairly distributed cryptocurrency and that is something that will likely make it unique forever. Obviously there is better tech out there.