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

[Biodom]

I am ambivalent on halving effects going forward.
Obviously, this thesis always worked before.
IMho, if bitcoin is flat to down in the next 12 mo, then the halving cycle effect should be considered as diminished if not dead, but until then, it would be very premature to say so already.
We should be somewhat irritated, though, I agree with that.
Somebody/something is f-g with bitcoin, for sure.

However, I already started to think about bitcoin simply as a perfect saving mechanism, irrespective of halvings, as long as it maintains it's core principles: monetary policy of 21 mil max number of coins, predetermined issuance schedule and permissionlessness. If any of these three parameters change, for whatever reason, it would be difficult to gain or even maintain value, imho.

[ChartBuddy]

Explanation
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[JimboToronto]

rip anandtech

https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell

anandtech is where i 1st heard of bitcoin

 

Those were the days.

Checking out the first Anandtech article got me thinking about my early super7 days,.. especially the Shuttle "Skywalker" HOT-591P which I used for numerous bang-for-the-buck builds.

This inexpensive little mobo was extremely backward compatible while offering all the latest bells and whistles: USB, AGP, SDRAM and a blistering 100Mhz FSB. Yeah, you still had to jumper it but it was as close to plug and play as you could get in those days.

https://theretroweb.com/motherboards/s/shuttle-hot-591p-1-x

Thanx for the nostalgia.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[Lida93]

The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.

This is one thing about the crypto market entirely, today it thrills you putting you on a rollercoaster tide, then the next day or even in minutes it terrifies you almost scaring you to death. At last not every investor get to survive it.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Ambatman]

The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.

This is one thing about the crypto market entirely, today it thrills you putting you on a rollercoaster tide, then the next day or even in minutes it terrifies you almost scaring you to death. At last not every investor get to survive it.

The crypto market not Bitcoin.
Though it gives a scare once in a while to sweeten the relationship, nobody holding Bitcoin has been killed by it so far.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[xzy887]

Bitcoin is now floating in water without a current. Not moving!! Not pushing!! Why?

[Lucius]

rip anandtech

https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell

anandtech is where i 1st heard of bitcoin

 

I can't say I've heard of them, but they seem to have been a very popular place for many people interested in technology over the past three decades. It is positive that everything they published will continue to be present online, and that their forum will continue to work.

~snip~

What could Trump realistically do to give bitcoin a boost? Cut taxes? I have read that the Trump organization is planning their own crypto platform. But this would only be another trash centralized place for trading I guess.

The theory seems to be that friendliness towards bitcoin (and crypto/shitcoins, et al) is more bullish for bitcoin as compared with anticipated ongoing hostility towards bitcoin and crypto.  Whether any of those theories are correct is still to be seen.

Whatever it means though, since he

"... told his 90 million followers on X that he would lay out “a plan to ensure the United States will be the crypto capital of the planet” later on Thursday."

it is likely going to have a relatively substantial effect at least in the short term.

Even though Trump is a dweeb in several ways, even irritating to listen to, he has had some pretty solid bitcoin talking points, even though he seems to NOT have too much of an idea about the difference between bitcoin and shitcoins, even though from time to time, he suggests that he knows the difference.

I honestly doubt that he knows the difference, and the probability that he still thinks that Bitcoin is a scam (privately) is much more likely than the possibility that what he is saying publicly is not just political propaganda aimed at winning over every possible voter. I think that a lot of people who trust him in terms of cryptocurrencies will be disappointed if he somehow wins, because considering the other political ideas he communicates to the public, I think that he and his administration will be dealing with far more complicated things than Bitcoin.

In other words, get as many voters as possible, collect as many donations as possible and then put this thing somewhere low on the list of priorities.

[Ambatman]

Bitcoin is now floating in water without a current. Not moving!! Not pushing!! Why?

You welcome.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[vapourminer]

if phil thinks hes gonna be able do less buddy blocking duty he is, of course, mistaken

[ChartBuddy]

Explanation
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[xhomerx10]

if phil thinks hes gonna be able do less buddy blocking duty he is, of course, mistaken

 I know, right?  The guy gets a clean bill of health (at least a clean subtotal) and then starts shirking his responsibilities.  Sheesh.