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

[ChartBuddy]

Explanation
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[JayJuanGee]

Think I need a dopamine hit that only ridiculously large green candles give me. Feels an age since Bitcoin was pumping hard.

Come on Bitcoin, man, it’s time to start moving.

I am not sure if it can be rushed.

Of course, I still believe that the odds for up are greater than the odds for down - even moreso in the $55k to $82k range, yet sometimes I believe that the odds are in the ball park of greater than 55% for the upside and less than 45% for the downside... but even that leaves pretty decent odds that I end up being wrong.

What can we do about it?..  Is there anything other than "just waiting it out?"

Think I need a dopamine hit that only ridiculously large green candles give me. Feels an age since Bitcoin was pumping hard.

Come on Bitcoin, man, it’s time to start moving.

In these sideways times, you better get some slow dopamine buildup which holds up longer and doesn't wear out as fast as a dopamine kick-like rush.
So get on the bicycle and hit the pedals for at least 20km  
Repeat every three days, until the candle finally shows up  

Come on, LFC, man, it's time to start moving 

Ok.  I admit this could potentially be a solution.

Clearing your plate is a poor strategy in a time of plenty. Portion control is a more reasonable strategy.

I wonder?

I was thinking that it is was the kinds of foods rather than how much, since I am not really against the idea of cleaning your plate.. but if we are talking about processed foods, that could be problematic.  There is something valuable in the don't take more than you are going to eat - yet buffets do tend to allow for taking more than you can eat, it is built into their system, so it might not be a great example - even though surely I know some restaurants that say they will charge you extra if you have excessive left overs - yet I am not sure how often they enforce such a rule.

[As-Soon-As]

$50.000? $40.000?

Do it!
...become another mindtrust

[...]

FTFY.

No trust...just rust. Bob has developed an implement for such cases.

Bitcoin price is currently low, but I don't think it will go that low.
If Bitcoin price enters this level, I will definitely buy Bitcoin with money from personal funds.

[ChartBuddy]

Explanation
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[OgNasty]

With Michael Dell bringing up Bitcoin repeatedly lately, it makes you wonder if Dell will be adding Bitcoin to its balance sheet or not. We may get our answer on August 29th when Dell is scheduled to make their next earnings release. That might be a date to add to the old Bitcoin calendar of interesting upcoming events.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[bitebits]

I've never been so bearish as now.
[...]

For me it is the opposite in fiat terms. We have a very bright decade ahead of us and likely even the next 6-18 months.


- Demand for the US dollar will decline by the inevitable forced lowering of interest rates due to the unsustainable US debt payments at these rates. While inflation is far from over.

- Central banks, especially eastern, are hoarding gold like never before. Because of inflation expectations and the broken trust (fiat) their US dollars won't be seized. Doing so with Russia has been a huge mistake accelerating its demise as the world reserve currency. The gold is payed for with their US dollar reserves, causing a further weakening dollar.

- Lower interest rates make bitcoin more attractive. And cheaper to use leverage buying bitcoin.

- The Biden administration has been doing everything within its power to slow down the adoption of Bitcoin. Trump won't stand in its way and after yesterday's debate it is clear Biden will not fulfill another term.

- We have bitcoin ETF's now (!) accessible to every company, pension fund, family office, etc. The bitcoin outflows are capped while the dollar inflows unlimited.



Good buy.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[OutOfMemory]

- The Biden administration has been doing everything within its power to slow down the adoption of Bitcoin. Trump won't stand in its way and after yesterday's debate it is clear Biden will not fulfill another term.

Don't count on that. Trump recently said to make sure that Bitcoin Mining "stays in the US". I wonder how he could accomplish this, but i think the "strategy" willl be another stupid idea, and if the "master plan" proves to be impossible to carry out, he will put up some shit "facts" about Bitcoin and tell us it would be banned.
Biden IS sleepy, but Trump is only a few years younger and losing his focus in speeches and interviews, more and more, at a fast pace.
If you ask me, none of the both should run any country.

[Lucius]

Don't count on that. Trump recently said to make sure that Bitcoin Mining "stays in the US". I wonder how he could accomplish this, but i think the "strategy" willl be another stupid idea, and if the "master plan" proves to be impossible to carry out, he will put up some shit "facts" about Bitcoin and tell us it would be banned.
Biden IS sleepy, but Trump is only a few years younger and losing his focus in speeches and interviews, more and more, at a fast pace.
If you ask me, none of the both should run any country.

One should be in the hospital and the other in jail and they're running for president of the US - it really makes you wonder how low people have to stoop to support one or the other? If it were a country that does not have too much influence on world politics, nobody would care too much - but unfortunately, what happens there always affects all people, no matter where they are.

What seems to me from all Trump's statements is that he wants to turn Bitcoin into a private toy of the US government, and in the end, all he cares about is that donations come in and that he has attracted the majority of cryptocurrency investors to his side.

[ChartBuddy]

Explanation
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[d_eddie]

What can we do about it?..  Is there anything other than "just waiting it out?"

One sat, one more sat
Like drops falling from the sky
The stack grows higher







#haiku

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[aesma]

They're saying that Bitcoin spiked above $62K during the Presidential debate as Biden forgot what he was saying in the middle of a response and looked absolutely clueless.  Investors took this as a bullish signal for Bitcoin that Donald Trump will easily win the election due to Biden's obvious mental decline.  Good news for Ross Ulbricht and his family as it looks like a pro-Bitcoin President is on the way.  I'm also happy for the families that are dealing with wrongful Jan 6 convictions, but those won't help send BTC to the moon...  I do wish Bitcoin had been discussed.

Trump is pro anything that will get him votes, he believes in nothing. No way he understands BTC anyway. If he wins it will probably be pro-BTC because he might crash the dollar...

Crash the dollar? LOL. The current administration has the highest inflation rate in my lifetime. Talking points are fine, but you should at least base your arguments in some sort of reality.

Do you give Biden credit for Bitcoin’s price now because he’s crashed the dollar harder than any President since I’ve been alive?

I live in euroland so I can tell you the dollar hasn't crashed, on the contrary it has risen. Same against the Yen, the Yuan, most emerging currencies...

In fact I just heard on the radio that with the current situation in my country, it's the Euro that might crash down to under parity with the dollar.

But no I won't particularly put that on Biden, Biden hasn't taken radical decisions, aside from the infrastructure spending (same that Trump promised to do but never did).

Trump is promising things like a 100% tariff on all Chinese imports, that could shake things up in unexpected ways. And certainly not help inflation.

edit : BTW if I had a vote I would go for Biden if nothing else because he's more mainstream, but I agree with the sentiment that he should have had someone else take over and campaign. One issue is probably that Kamala isn't popular so he couldn't just resign. And the republicans should also have someone better than Trump.

[ChartBuddy]

Explanation
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[vapourminer]

trump vs biden is like choosing between shooting yourself in the head with a semiauto vs a revolver


did democracy like, checkmate itself or something?

[Hueristic]