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

[Mia Chloe]

up up and away we go!!

It seems you are now the wall observer thunder man Phil 

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Gachapin]

I wonder why Berkshire holds 277 billion in fiat.  Preparing for a crash..?

[Ambatman]

Above $60K before the weeknd.
5½ days till rate Cut.

It should take us to at least the top of $65K an humble estimate
And new ATH during October.
Funny fact despite how September usually tend to be red
We are above September 1st closing price of $57315.7
and just a lil lower than August closing price $58976 using current Chartbuddy price of $58182.

I wonder why Berkshire holds 277 billion in fiat.  Preparing for a crash..?

maybe he doesn't want to be caught off guard if fed doesn't cut interest rate.
So yes he might be preparing for a crash since TBH the stock market is quite in an uncertain position at the moment.

[OgNasty]

Here’s an interesting chart I came across on x. It shows basically the 4-year Bitcoin cycle but marked by the elections for President instead of the halvings. Given the market delay in adjusting for supply after halvings it makes for a nice looking chart but I still believe it is the halving cycle and not the elections that this is showing.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

I wonder why Berkshire holds 277 billion in fiat.  Preparing for a crash..?

No...they ran out of ideas and don't want to screw up their 'legacy'.
watch it...after WB, they will just mimic S&P500 or S&P100.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[JayJuanGee]

ECB decreasing interest rate by 0.25%...

Earlier this week I read that inflation is up again in the Netherlands. Today they claim inflation is going to be okay.
What they never say is who caused the inflation by printing almost infinite amounts of money.

I would argue inflation is too much demand and finite resources.

Printing of money is an attempt to hide the issue above.
 The planet is the same size it was in 1965 when we had 2.7 billion

we have 8.1 billion same resources = the real problem.

solution?

warp drive could be one.

Technological improvements allows for an ability for the planet to support more people in 1965 as compared with 2024... I am not suggesting that the distribution is not sometimes compromised.

Another dynamic is that some of the technological improvements end up creating more value to extract so electricity connection is better all over the world.. and more value comes from certain kinds of technological improvements, yet not everyone is going to concede all technological improvements end up improving quality of life in equal kinds of ways, even including improvements in communications or assertion that finacial systems are not producing value but instead extracting and/or perverting value. 

I am not going to claim to know all, many or perhaps even any of the answers, even though I will claim that this here little blue (or some say green) ball of a planet is more capable of supporting more people in part due to various technological improvements and/or innovations, and some of that is ongoing and even deflationary, even though surely broken aspects of monetary systems pervert values and even productive systems.

Fake pump.

Or fake dump.

Of course i want to see Bitcoin pump as fast and as high as possible so i can finally place my order at the Porsche dealer.

Unfortunately, it will not happen anytime soon.

The pumping has already started!

no, this is not pump, its fake pump, real pump coming soon,

When the real pump happens, nobody will be left questioning whether it is or isn’t the real pump. They will just be screaming buy with the most bullish conviction of their lives. When the bullishness gets so ridiculous it is funny, then you will now the time is upon you to sell. When Samson Mow is on MSNBC saying Bitcoin’s price is going up forever, be careful.

it is problematic to approach bitcoin with a trading mindset, and also to be promoting such practices as if you really have the answers to bitcoin in the form of trading it rather than mostly holding it and accumulating it.

Sure there are going to be BTC price waves in bitcoin and probably overshooting in bitcoin is going to continue in both directions, and sure there might be longer term BTC holders who are in a position to sell some BTC on the way up, but truly having accumulated a lot of bitcoin (or even gotten to a place of overaccumulation) is not the situation for the majority of the world's population.. and sometimes, I even question if you are in a position to be fucking around with trading, since if you had established a large enough stash of BTC, you would not be thinking about your BTC stash as a trade.. but hey, whatever, you do you...hopefully not too many people follow your seemingly know it all nonsense that does not even seem to be applicable to newer investors, and maybe not even applicable to BTC investors who are in their first cycle... so hopefully not too many of the newbies sell too many of their BTC too soon because of you (and perhaps you also have been engaged in practices of selling too much of your BTC too soon, which is why you are still seeming to pump BTC trading rather than BTC HODL ideas).

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[tanitel]

Here’s an interesting chart I came across on x. It shows basically the 4-year Bitcoin cycle but marked by the elections for President instead of the halvings. Given the market delay in adjusting for supply after halvings it makes for a nice looking chart but I still believe it is the halving cycle and not the elections that this is showing.

...............................

good, but we meet some synchronism between 2 major events, whatever the causality.

also the victory of a new president opens generally a period of new optimism.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Fed begins to cut rates next week. Price is at 58.3k, creeping up. Q4 is getting closer and closer, starting to feel like launch will be soon.

 That makes me feel as happy as a Biden in a Trump hat!

 

[philipma1957]

Here’s an interesting chart I came across on x. It shows basically the 4-year Bitcoin cycle but marked by the elections for President instead of the halvings. Given the market delay in adjusting for supply after halvings it makes for a nice looking chart but I still believe it is the halving cycle and not the elections that this is showing.

...............................

good, but we meet some synchronism between 2 major events, whatever the causality.

also the victory of a new president opens generally a period of new optimism.

so 2012 repeat president obama and we had the 2013 rally to 1200 usd or so.

2016 new pres and we had the 2017 rally to 19500 usd

2020 new pres and we had the 2021 double tops around 68k

2024 repeat trump or new kamala we are covered.

[Biodom]

ECB decreasing interest rate by 0.25%...

Earlier this week I read that inflation is up again in the Netherlands. Today they claim inflation is going to be okay.
What they never say is who caused the inflation by printing almost infinite amounts of money.

I would argue inflation is too much demand and finite resources.

Printing of money is an attempt to hide the issue above.
 The planet is the same size it was in 1965 when we had 2.7 billion

we have 8.1 billion same resources = the real problem.

solution?

warp drive could be one.

A fact: many species, when confined to a small territory, like an island, begin to miniaturize.
https://bigthink.com/life/the-island-rule/

so...eventually, evolution might go this way even for humans once we would have truly large population numbers as Earth is like a very LARGE island.
Computer tech has told us that you could have more powerful but small computer aka a phone.
Examples of something along these lines: corvids, like crows and ravens, are actually quite smart, especially for their small size.
https://www.welcomewildlife.com/worlds-smartest-birds/

Warp drive..nice to read about..just as Star Trek was interesting, but "where are everybody"?
This is actually a very big question...i know, I know, they could be here any minute or are here already.

[Biodom]

Here’s an interesting chart I came across on x. It shows basically the 4-year Bitcoin cycle but marked by the elections for President instead of the halvings. Given the market delay in adjusting for supply after halvings it makes for a nice looking chart but I still believe it is the halving cycle and not the elections that this is showing.

...............................

good, but we meet some synchronism between 2 major events, whatever the causality.

also the victory of a new president opens generally a period of new optimism.

so 2012 repeat president obama and we had the 2013 rally to 1200 usd or so.

2016 new pres and we had the 2017 rally to 19500 usd

2020 new pres and we had the 2021 double tops around 68k

2024 repeat trump or new kamala we are covered.

if you had three "heads" in a row, what are is the chances of a "head" again the next toss....same 50%, lol.
That said, 2012, 2016 and 2020 correlation could be just a coincidence with pres election or it could be a LAW of bitcoin.
We can't tell...yet, we are here and most people think that there is more than chance in bitcoin's ebb and flow, but correlation with elections...I don't see this as an important parameter.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com