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

[somac.]

Why do I get the feeling of impending doom and that we are in for a rug pull and
a massive market correction everywhere?

Can this even happen in the summer?

The FED finally lowering rates in an emergency attempt to keep the fake AI bubble going?

Biden finally giving in over the next week or two and trying to push Kakala to try to increase confidence, which will fail.

UK emergency budget by the Labour party showering us with more Christmas Tax takings.



Hopefully it's just a bad dream.

Data is pointing that way. But what will follow will be more stimulus so any pullback will be brief. My bet is the Fed drops rates this month.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

(sighs)

(laughs)

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BitcoinBunny]

[Torque]

*looks at price*

<Yawn>

[Richy_T]

This assumes the German government's intention is not to affect the market.

[Torque]

Tesla           $293     7/18/2023

Bitcoin     $29914     7/18/2023

Just sayin'...

[d_eddie]

Green beanstalk rising
Growing like a living snake
Hear! Fee fi fo fum




#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JimboToronto]

Some sigh while some laugh.
Others just yawn at the price.
Gotta love Bitcoin.

[Perfectbaby]

Some sigh while some laugh.
Others just yawn at the price.
Gotta love Bitcoin.

I keep doing my DCA to hodl tight, I don't mind those who sigh or get angry over the price. Btw this is best time to keep accumulating. I tasted a bit of 56k waiting for another best opportunity to cast my net again.

[Biodom]

Welll...you can draw any time period you want, but TSLA is still down a little for 2024 and bitcoin is up 26% or so.
That said, TSLA was plunging in April 2024 at $142 and was a good buy back then, in retrospect.
Did you buy it? I didn't as i cannot predict when Elon comes out with some new story and whether market would believe him.
You buy that stock on faith only (based on a story). He thinks robotaxis would be big...maybe, maybe not.
Same for the robot. EVENTUALLY, it probably will be big, the question is: when?

[BitcoinBunny]

Welll...you can draw any time period you want, but TSLA is still down a little for 2024 and bitcoin is up 26% or so.
That said, TSLA was plunging in April 2024 at $142 and was a good buy back then, in retrospect.
Did you buy it? I didn't as i cannot predict when Elon comes out with some new story and whether market would believe him.
You buy that stock on faith only (based on a story). He thinks robotaxis would be big...maybe, maybe not.
Same for the robot. EVENTUALLY, it probably will be big, the question is: when?

That Robot looks like trash, so does the cybertrash, yet people still want it and believe the company will go to the moon.

It seems more like a memecoin now.

The fact the company is totally not interested in making normal, sustainable net zero cars
(it always has to be something dumb - an unusable truck with pedestrian killing angles,
removing stalks, adding an irritating reflective internal light bar,
a useless entertainment screen in the back whilst there is still no basic instrument cluster or easy way to enable / disable wipers), should be a warning.
But it's not.
People are buying Elon's gimmicky crap, exchanging Tesla cars even faster than ICE ones.
Social media is trying to brainwash everyone like you are missing out, JUST like shitcoins.

It's all extreme and utter horseshit!

[Biodom]

Talking about something strange:

https://bitcoinmagazine.com/technical/bitcoin-hodlers-need-to-pull-their-weight-too

The question becomes, “How to secure the network (i.e. pay the miners) while HODLing?”

I believe the answer is to implement a HODL_FEE, which would compensate miners from dormant addresses.

In keeping with the bitcoin ethos, the HODL_FEE would be charged:

(a) to any address that had no coins going in or out for the last 52,500 blocks, which is one-quarter the halving period (approximately 1-year), and

(b) in an amount equal to 50% of Median Transaction Fee over the previous two weeks. Therefore, the HOLD_FEE would be re-set in a similar manner as the difficulty adjustment.

TL;DR Noises about taxing HODLers. Phil might applaud, but I think it would be destructive.

[LoyceV]

Talking about something strange:

https://bitcoinmagazine.com/technical/bitcoin-hodlers-need-to-pull-their-weight-too

The question becomes, “How to secure the network (i.e. pay the miners) while HODLing?”

I believe the answer is to implement a HODL_FEE, which would compensate miners from dormant addresses.

In keeping with the bitcoin ethos, the HODL_FEE would be charged:

(a) to any address that had no coins going in or out for the last 52,500 blocks, which is one-quarter the halving period (approximately 1-year), and

(b) in an amount equal to 50% of Median Transaction Fee over the previous two weeks. Therefore, the HOLD_FEE would be re-set in a similar manner as the difficulty adjustment.

TL;DR Noises about taxing HODLers. Phil might applaud, but I think it would be destructive.

Because 3 30 million dollars per day isn't enough for miners to process a few transactions?

[Torque]

The fact the company is totally not interested in making normal, sustainable net zero cars
(it always has to be something dumb - an unusable truck with pedestrian killing angles,
removing stalks, adding an irritating reflective internal light bar,
a useless entertainment screen in the back whilst there is still no basic instrument cluster or easy way to enable / disable wipers), should be a warning.
But it's not.
People are buying Elon's gimmicky crap, exchanging Tesla cars even faster than ICE ones.
Social media is trying to brainwash everyone like you are missing out, JUST like shitcoins.

It's all extreme and utter horseshit!

I love how this mom destroyed the Tesla cybertruck's supposed "advantages" over an average ICE SUV. The cybertruck is an insanely expensive (and IMO hideous) "solution" looking for a problem.

https://www.tiktok.com/@fiveoclockmommy/video/7379395099341360426?embed_source=121374463%2C121442748%2C121439635%2C121433650%2C121404359%2C121351166%2C121331973%2C120811592%2C120810756%3Bnull%3Bembed_masking&refer=embed&referer_url=wegotthiscovered.com%2Fsocial-media%2Fcybertuck-solving-problems-that-arent-problems-since-2023-mom-tears-cybertruck-ad-to-pieces-by-proving-its-literally-just-a-normal-car%2F&referer_video_id=7379395099341360426

[Biodom]

Talking about something strange:

https://bitcoinmagazine.com/technical/bitcoin-hodlers-need-to-pull-their-weight-too

The question becomes, “How to secure the network (i.e. pay the miners) while HODLing?”

I believe the answer is to implement a HODL_FEE, which would compensate miners from dormant addresses.

In keeping with the bitcoin ethos, the HODL_FEE would be charged:

(a) to any address that had no coins going in or out for the last 52,500 blocks, which is one-quarter the halving period (approximately 1-year), and

(b) in an amount equal to 50% of Median Transaction Fee over the previous two weeks. Therefore, the HOLD_FEE would be re-set in a similar manner as the difficulty adjustment.

TL;DR Noises about taxing HODLers. Phil might applaud, but I think it would be destructive.

Because 3 million dollars per day isn't enough for miners to process a few transactions?

3? More like 450X58200=$26.2 mil/day or 9.56bil/year

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Really...bullish? I keep hearing about mtgox from you the last year month or two on a regular basis.

FTFY

And y’all are still surprised by this dip?

You get that I’m a mtgox creditor and there’s people here who appreciate me sharing information that I know first hand since I get information that isn’t publicly available right? You guys are acting like I’m causing this dip. I just told you it was coming and that the support level was around $56,500.

Is there a timeline for selling the coins ?

No. Individuals can choose to sell whenever they want. The only timeline left really is that by October it is expected that all BTC will have been distributed to early lump sum receivers. Honestly though, most of the damage has been done. I missed the bottom call by $200 if last night was the worst of it, which is possible because there is strong support there. The actual selling still needs to happen though, so the market will have to show some strength to absorb what is coming. If $56,500 holds this month, it will be extremely bullish.