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

[El duderino_]

Took a flight away…
Pleasant and surprisingly…
When turned on my cell.

Where the dude landed?

[JayJuanGee]

Housing is crazy. I thought it was overpriced in the early 2000s and, despite a couple of corrections, it's even moreso now.

It is, but if bitcoin would grow faster than housing, soon enough you would pay fractions of bitcoin to buy a house.
Maybe as soon as 5 years, 9 at the most, hopefully.

Where have you been Biodom?

You refer to the housing versus bitcoin valuation situation as if it might be questionable whether bitcoin might gain value faster than housing, or if there were some kind of a question about whether bitcoin might gain value faster than housing, yet Bitcoin has already been appreciating way more than housing whether we look at the appreciation of BTC's spot price compared with housing or perhaps we could look at an appreciation of bitcoin's value through some more gradual indicator, like the 200-WMA......................................
[edited out]

It's funny that you present my opinion as if I thought that housing would appreciate faster than bitcoin going forward when i actually suggested EXACTLY the opposite (re-emphasized the quote with a bold font)..but i understand that you just needed an supposedly opposite opinion to build your case...no biggie, but i simply replied to Richy_T's comment that housing went bonkers lately.

I think that you are over-reacting a wee bit, since I was not really challenging the actual substance of what you were saying, yet just a seeming characterization that you were seeming to suggest that bitcoin was going to beat housing in the future, when in fact bitcoin has already been fucking slaughtering housing, so why rely merely on the future when it already has been happening in pretty strong ways.

In other words:



So to me it seems that we should not be suggesting that bitcoin beating housing in the future is any kind of new thing since it is already has been happening for years and years and years and the evidence seems to point out in very strong and evident ways, especially when we look at the actual data.. which is part of the reason that I went through a longer process of presenting actual specific data in order to really highlight how obvious bitcoin's historical out performance of housing has been rather than any attempt for me to say the opposite to you.. since I was not saying the opposite to you or even trying to say the opposite to you, but instead attempting to suggest that maybe you should have given more emphasis to the fact that bitcoin has already been beating housing, continues to beat housing and sure will likely continue to beat housing in the future too.. rather than your ONLY seeming to emphasize that you believe that bitcoin will beat housing in the future.. well duh..

..............many speak trump good for btc harris bad for btc. they sat on sidelines in fear.

but they also listen to rates cut printer goes brrrrrr. so now they ran out and grabbed btc.

Your first tentative conclusion is correct, people are mostly continueing to sit on the sidelines.

In other words, an overwhelming majority of the population are still NOT going out and getting BTC, whether directly buying it (first starting with an exchange.. which yeah is not quite directly owning it, even though it is a first step) or even going through the ETFs.

Many of us know that the numbers are of entrants into BTC continues to grow, but the growth of BTC's adoption still remains to be coming from some insiders rather than really falling more broadly accross the populous, and even some of the insiders are not biting and concluding that it is too late to get into BTC. 

There are large sectors of RIAs (Registered investment advisors) only just starting to be able to recommend BTC spot ETF to their clients, there are quest a few RIAs who still are not able to recommend BTC spot ETFs to their clients - and sure some folks could directly buy bitcoin and hold it on an exchange (frequently, step one for direct buyers who might later actually transfer their BTC towards directly holding it.. but not exactly a trend to directly hold your BTC either, even though an overwhelming majority of BTC is still directly held), yet in the end, I doubt that we are really seeing either normie folks (or even insiders) rushing to buy BTC, even though some folks are coming over to BTC (and the ones coming now are still early..

not as early as some of us, but still not too late, even though there remain a lot of fence sitters who believe that they are too late), but still those rushing in to buy BTC seem to be quite a small minority of the population as a whole and a decently small percent of the insiders.... a common and ongoing mistake to be assessing bitcoin as if it were anywhere close to a mature asset or even one that has a lot of mainstream adoption, even if we hear about BTC on the news a lot more, I will speculate that both retail and insiders are still not rushing out to buy bitcoin.... but yeah, growth can ONLY happen so fast anyhow and there is a bit of a need for the momentum and the building of momentum for potentially another BTC price run this year and next year (but is such a thing going to happen?)

[fillippone]

Took a flight away…
Pleasant and surprisingly…
When turned on my cell.

Where the dude landed?

Barcelona.
The old port.
That’s the base for the British team Ineos Britannia in the America’s Cup.

Been there a few weeks ago.

Edits with more details.
My pictures from those silly hop on-hop off buses:


Damn, talking, why are you doing this to me…

This is probably the point where you took the picture.
Google street picture is old. So no crane:




Man, how much I did look for that CrossFit gym to reproduce your pic!

[d_eddie]

Cornfield - one more tale
A week marked by weak market
Except for the tail




#haiku

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ambatman]

We need a new poll.

Bitcoin was over $70K at Stamp on July 28.

How about 75k?

I say we top it before Sept 11 2024

and $80K during the next FED meeting September 17th-18th.

[OgNasty]

We need a new poll.

Bitcoin was over $70K at Stamp on July 28.

How about 75k?

I say we top it before Sept 11 2024

and $80K during the next FED meeting September 17th-18th.

The chartist in me says that’s too soon, but I can feel the excitement and want it to happen. I imagine if we did see a jump that big so soon (and before the election) it would make for some choppy movement and bring a whole lot of eyes onto Bitcoin. A lot of people I talk to in the wild still think Bitcoin is dead.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

We need a new poll.

Bitcoin was over $70K at Stamp on July 28.

How about 75k?

I say we top it before Sept 11 2024

and $80K during the next FED meeting September 17th-18th.

The chartist in me says that’s too soon, but I can feel the excitement and want it to happen. I imagine if we did see a jump that big so soon (and before the election) it would make for some choppy movement and bring a whole lot of eyes onto Bitcoin. A lot of people I talk to in the wild still think Bitcoin is dead.

Surely many of us already know that upward BTC price movements can happen at any time, even when we might start to consider that the momentum is downward, it can switch, and then suddenly both those sitting on the sidelines and waiting for further dip might get back in because they sense that the momentum is returning to UPwards, which can build and build and build upon itself and almost create its own momentum without us having had realized how many folks (or how much money) had been sitting on the sidelines.

Difficult to get caught up upon a chart and consider limitations based on such chart - especially since many of us already realize that bitcoin remains in its early adoption phases, and in that regard, there can be several times that a step-up ends up happening, and then those who had been waiting for dips and/or refusing to stack up or to stack up sufficiently, end up getting left behind and ONLY having an option to buy at the higher stepped up basis, since the earlier options to buy lower ended up disappearing and no longer being available.

I never claim to know when the stepping up might end up happening, even though it seems that i share a dilemma with many of the longer term WO participants tending to maintain such a BTC position that is skewed towards being prepared for up.. kind of like the guy in the moon rocket soon that seems to be ongoingly waiting for the rocket to go up... and I am not even suggesting it is any kind of a disappointing wait, even when some of us express considerable levels of impatience from time to time, after a while even the lows are not really seeming that bad in the event that there might be some need  (or want) to shave off a few cornz... prior to another rocket going up... .. over and over we do seem to get these baby rockets, and you know the move from $25k/$27k to $55k from September/October to late February seems to be one of those moves in which we have so many folks still waiting for some kind of a return and retesting of support, and gosh they were lucky to have even gotten some sub $55k prices, but that opportunity seemed to have had passed fairly quickly, even while folks were calling for more and More and MOAr...

Sure, it is possible to get some kind of an additional down before up, yet we might again be in one of those kinds of places in which 1-2 years down the road, guys will be kicking themselves for having had known about bitcoin in the $60ks and failed/refused to stock up because they were too worried about buying too high when even $17k is looking pretty low.. and $27k is also looking pretty low, just like in a coupld of years $64k is going to look pretty low.. including no longer attainable...Does anyone seriously believe either $17k or $27k to be attainable?  Sure, $27k is more attainable than $17k but really there might even be questions about the attainability of $37k, $47k or even $57k... but yeah, peeps are going to dream, be unrealistic and continue to fail/refuse to actually act in the direction of actually buying dee cornz in the event that they do not have enough (which is the status of an overwhelming majority of peeps in the world.. meet any random 100 persons on the street, and it is quite likely that fewer than 5 of them (perhaps even fewer than 1) will be sufficiently/adequately stocked up on the cornz).  Sure there are pockets of cities with more bitcoiners than others, but most cities have an overwhelming majority of their inhabitants who are way under corned.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ambatman]

We need a new poll.

Bitcoin was over $70K at Stamp on July 28.

How about 75k?

I say we top it before Sept 11 2024

and $80K during the next FED meeting September 17th-18th.

The chartist in me says that’s too soon, but I can feel the excitement and want it to happen. I imagine if we did see a jump that big so soon (and before the election) it would make for some choppy movement and bring a whole lot of eyes onto Bitcoin. A lot of people I talk to in the wild still think Bitcoin is dead.

This past weeks, Charts has meant nothing but shit on a short time frame though.  
News have been moving the market since and this rate cut is going to be enjoyed for quite sometime.
It's Cuts not cut On interest rates
That's quite positive.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

We need a new poll.

Bitcoin was over $70K at Stamp on July 28.

How about 75k?

I say we top it before Sept 11 2024

and $80K during the next FED meeting September 17th-18th.

The chartist in me says that’s too soon, but I can feel the excitement and want it to happen. I imagine if we did see a jump that big so soon (and before the election) it would make for some choppy movement and bring a whole lot of eyes onto Bitcoin. A lot of people I talk to in the wild still think Bitcoin is dead.

This past weeks, Charts has meant nothing but shit on a short time frame though.  
News have been moving the market since and this rate cut is going to be enjoyed for quite sometime.
It's Cuts not cut On interest rates
That's quite positive.

The charts always tell a story. I agree that the printer firing up again is positive for the outlook on Bitcoin’s price. I believe this next week will bring disclosures of Bitcoin holdings from corporations, so we may get some surprises that push the market upward if major companies do disclose that they’ve been buying Bitcoin. Next week has potential for excitement.

[Biodom]

OT: An interesting policy article:
https://www.wsj.com/politics/national-security/autocracies-china-russia-us-election-5dc42efb

TL;DR Some are proposing a "reverse Kissinger" while others disagree.
It would be a bold move, but I doubt that it would happen-too much inertia.

BTW, sources are reporting that Telegram's P. Durov was arrested in France.
Next, they (EU or UK) will arrest E. Musk?

Interesting...together with a 25% yearly 'wealth tax' proposal (for those with over $100 mil for now), the ground is getting hot for the wealthy, it seems.

https://finance.yahoo.com/news/kamala-harris-supports-tax-unrealized-193900073.html
They (wealthy) would respond, no doubt.
B. Ackman already says to modify the proposal to only include the funds that you borrow.
https://finance.yahoo.com/news/billionaire-bill-ackman-idea-getting-124948100.html

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[bitcoinPsycho]

https://www.bbc.co.uk/news/articles/ckg2kz9kn93o



Telegram CEO Pavel Durov arrested at French airport

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com