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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (2.3%)
7/28 - 6 (14%)
8/4 - 7 (16.3%)
8/11 - 4 (9.3%)
8/18 - 1 (2.3%)
8/25 - 1 (2.3%)
After August - 23 (53.5%)
Total Voters: 43

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26416965 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
psycodad
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July 04, 2024, 05:43:55 PM
Merited by El duderino_ (10), OgNasty (1)



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

I am pretty sure it is not, they're in such a financially desperate situation that it is 100% CYA.
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July 04, 2024, 05:46:46 PM
Merited by Richy_T (1)



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

I am pretty sure it is not, they're in such a financially desperate situation that it is 100% CYA.

That's what you get for being Dementor Joe's bum buddy and closing all your nuclear power plants.

"You get what you f-ing deserve!"
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July 04, 2024, 06:01:18 PM


Explanation
Chartbuddy thanks talkimg.com
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July 04, 2024, 06:05:10 PM
Merited by El duderino_ (7), Biodom (2), LFC_Bitcoin (1), AlcoHoDL (1)

How many times can we survive this re-testing of $60,000. As OgNasty said, can devs do something Cheesy
Seriously I’m getting impatient, man. Price has been doing nothing for months and now seems like it wants to break down.

I’ll never understand the market psychology with some Bitcoin holders. You have to have a 65 IQ to be selling at this point in an epoch.

Usually when I start to get impatient and pissed off, it means a bottom is near. Bears are getting too complacent, hopefully they get REKT soon and we get a God Candle, it’s been far too long since the market was bullish. This thread is a graveyard, everybody going through the motions, the price has sucked the joy out of everybody, including me.

Come on Bitcoin, do something…….

I will agree that the BTC price got stuck in no man's land for longer than I had expected, but still we had a price run prior to the halvening, so maybe in some sense we are deserving of some consolidation.. which surely has ONLY been around 3 month's-ish.. and also remember that we crossed back into no man's land which was above $55k right around the end of February, so that also is ONLY 4 months, and we have  not gone back below that number.. and whether we need to (or we end up doing it) may well be matters of quite uncertainty.. and it seems that we have a battle going on, and surely several of us already have a sense of which way the battle is going to play out.. but even if we have a sense of such UPpity outcome, we cannot really rest assured in the short-term that there might not continue to be a decent amount of pain (if we can really even consider this current status to be "real pain"?). 

Either this is close to the bottom or this is bears' preparation for their last big attack before the cycle top.

gox coins are coming in (probably) July. The lower bears can get it before that, the deeper the gox dip can go if there is any.. I think max pain would be under 40k, even if it's just for a moment.

But we have to get below $55k and even below $50k...so I am not saying that it could not happen..or that it is not going to happen, but surely could not be any kind of given that BTC prices are going there... perhaps even with our current seeming negative momentum, less than 50% odds, but who am I to say.

I for one would like to thank Germany and Mt. Gox for giving us this sale. Not exactly a fire sale, (as it would have been during Bitcoin's early low market cap days) but it is a decent buy-Bitcoin-get-18%-off deal nonetheless, since the price would have been over 70K without their 'help'.

I am thinking we should write them thank you letters.

That is going to the opposite extreme, and so fuck the beartwats.  I am not writing them no dumbass thank you letter.  I will leave that kind of contradictory (reverse psychology or whatever you would like to call it) to you low coiners and no coiners to engage in those kinds of seemingly bitcoin newbie (or early accumulator) tactics.  Tongue Tongue

 Cheesy Cheesy Cheesy Cheesy

[edited out]
Really...bullish? I keep hearing about mtgox from you the last month or two three to four years on a regular basis.

FTFY.. hahahahahaha

Ognasty does make some good points.. but yeah, he gets caught up on some of the negative speculative nonsense and seems to describe some of that as fact, and sure the negative speculative nonsense will sometimes have either short-term effects or even seeming effects, that may not be worthy of emphasizing as much as he seems to do.. but surely, it does not hurt to have various counter-arguments to lessen some of the echo-chamber effects that otherwise might end up playing out, in these here parts.

I will continue my market analysis without bias.

Sounds great.  Looking forward to it.   Tongue Tongue


 Cheesy Cheesy Cheesy Cheesy Cheesy

well i don’t have millions in BTC

but I am locked and ready to buy this downturn in price.

Who knows maybe I will finally get enough corn 🌽 this time around.

Yeah.. maybe you will get up to a whole cornz.?   Wink


 Tongue Tongue Tongue

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

Oh?  You beat me to it.  That's fine... we are kind of on the same page in terms of our recollection of OgNasty's repetition of a certain theme.

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.

"We" gotta blame someone for this dip, and why not you, OgNasty?  hahahahahahaha
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July 04, 2024, 06:07:25 PM
Merited by Biodom (1)

Talking about something strange:

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

Quote
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
Somehow I missed a zero. Thanks.
That's 10 billion dollars leaving the Bitcoin ecosystem each year.
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July 04, 2024, 06:18:46 PM
Merited by fillippone (3)

German goverment will sell 3000 coins today.

Bitcoin miners sold 70.000 last month and still selling.

Prepair for much more pain.



When moon when lambo?
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July 04, 2024, 06:20:11 PM
Last edit: July 04, 2024, 07:13:07 PM by fillippone
Merited by BobLawblaw (2), vapourminer (1), JayJuanGee (1)

Talking about something strange:

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

Quote
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
Somehow I missed a zero. Thanks.
That's 10 billion dollars leaving the Bitcoin ecosystem each year.

Why?
Miners are rewarded inside the Bitcoin ecosystems. They are paid in Bitcoins. Those bitcoins stay in the ecosystem. Nothing is leaving.



EDIT:

On a side note: this is one of the crappiest proposals since I have been interested in Bitcoin.

I felt compelled to open a thread about this, just to check if I am the only one triggered by this, or it is just another proff Bitcoin Magazine is becoming unreadable.

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July 04, 2024, 06:21:29 PM
Merited by LFC_Bitcoin (6), fillippone (6), vapourminer (1), xhomerx10 (1), Biodom (1), JayJuanGee (1)



Watching a sunset….. but where

Need to of load some Smerit…. Traveling keeps me a bit busy….
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July 04, 2024, 06:25:56 PM
Merited by JimboToronto (1)

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

Catching sunset life.
Distraction mode always.
A true hodlers life.
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July 04, 2024, 06:28:17 PM
Merited by d_eddie (1)

Talking about something strange:

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

Quote
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.

yes yes another fork please! Can't wait to get some free money again
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July 04, 2024, 06:29:43 PM
Merited by El duderino_ (10), xhomerx10 (1), Biodom (1), JayJuanGee (1)



Watching a sunset….. but where

Need to of load some Smerit…. Traveling keeps me a bit busy….



Restaurante Mirador de Na Foradada Majorca






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July 04, 2024, 06:35:52 PM
Merited by El duderino_ (4), xhomerx10 (1)

"We" gotta blame someone for this dip, and why not you, OgNasty?  hahahahahahaha

Geez… Here I was thinking I’d wake up to people thanking me for telling them this was coming and congratulating me on the incredible accuracy of my prediction, but instead I get blamed for letting OgStradamus tell you the future as if I’m the one responsible. Sometimes I forget what forum this is… LOL
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July 04, 2024, 06:38:54 PM



Watching a sunset….. but where

Need to of load some Smerit…. Traveling keeps me a bit busy….

Darn it...I have to go out more....
...soon!
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July 04, 2024, 06:48:44 PM
Merited by JayJuanGee (1)

"We" gotta blame someone for this dip, and why not you, OgNasty?  hahahahahahaha

Geez… Here I was thinking I’d wake up to people thanking me for telling them this was coming and congratulating me on the incredible accuracy of my prediction, but instead I get blamed for letting OgStradamus tell you the future as if I’m the one responsible. Sometimes I forget what forum this is… LOL

More like Cassandra in a more positive interpretation, which, imho, would be quite generous.
Not really actionable (without exact dates, volumes, etc), especially since it was given for months if not years.
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July 04, 2024, 06:54:01 PM
Merited by JayJuanGee (1)

"We" gotta blame someone for this dip, and why not you, OgNasty?  hahahahahahaha

Geez… Here I was thinking I’d wake up to people thanking me for telling them this was coming and congratulating me on the incredible accuracy of my prediction, but instead I get blamed for letting OgStradamus tell you the future as if I’m the one responsible. Sometimes I forget what forum this is… LOL

It was accurate and thx
But still I just don’t follow any prediction myself

To many people are wrong and to many wanna make great predictions
Problem with following them is just a fact that in to many of the predictions you get hurt in a bad way

Like only small % is right
And ofcourse when right they want a lot of credit while some had 100% wrong predictions before

Not telling you…. I respect you’re opinions, but I do understand a majority….
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July 04, 2024, 07:01:15 PM


Explanation
Chartbuddy thanks talkimg.com
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July 04, 2024, 07:19:00 PM

POV : nobody
Current Bitcoin price : you guys should relax i still want to chill with 57k and 58k Cheesy
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July 04, 2024, 07:24:13 PM

"We" gotta blame someone for this dip, and why not you, OgNasty?  hahahahahahaha

Geez… Here I was thinking I’d wake up to people thanking me for telling them this was coming and congratulating me on the incredible accuracy of my prediction, but instead I get blamed for letting OgStradamus tell you the future as if I’m the one responsible. Sometimes I forget what forum this is… LOL

It was accurate and thx
But still I just don’t follow any prediction myself

To many people are wrong and to many wanna make great predictions
Problem with following them is just a fact that in to many of the predictions you get hurt in a bad way

Like only small % is right
And ofcourse when right they want a lot of credit while some had 100% wrong predictions before


Not telling you…. I respect you’re opinions, but I do understand a majority….
That is it El duderino_!
Lot of people needs credits to their predictions although they could be right or maybe are following the past sequence on how the price moves but when it wasn't the way they expected you wouldn't see them voice to their wrong prediction, but when it goes accordingly you would see series of them want an accolade in their overall predictions. Though have some respected users whom I do follow their predictions and never joke with them, I have took my time following up some of them over here and OG is always good at his shoots about price.
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July 04, 2024, 07:51:21 PM
Merited by xhomerx10 (1), JayJuanGee (1)

It was accurate and thx
But still I just don’t follow any prediction myself

Listen to all, follow none.  I certainly don't expect anyone to follow my analysis for reasons of trying to time or trade the market.  I don't even trade my own predictions so I certainly wouldn't advise anyone else to.  I'm a financial analyst by trade, so this is what I do.  It's what I've been doing since long before I discovered Bitcoin in 2011.  Even while I've been predicting this drop recently, I try to always let people know this is an opportunity to buy cheap and not a reason to panic sell or try to time the market.  I think that's what people who are mad at me don't understand.  I let people know the bad things that are coming not so that they panic sell before, but so that they understand what is going on and DON'T sell out of fear on the dips.  Maybe there are folks out there who don't have as much skin in the game and as such do not follow what's going on in the market but want a quick overview of why they're seeing the price action they are.  Those are the people my little comments are meant for.
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July 04, 2024, 07:54:15 PM
Merited by xhomerx10 (1), Hueristic (1), d_eddie (1)

Keep you’re composure…
The bounce back will be unreal.
Summer just started.
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