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

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

R.I.P. David Lynch 
ETH soon to follow?

Ether suffering
the fate of bitcoin killers
they die in the end#

Call me out of touch, since I don't get the context for the various above points/observations.

Oh, it's pure irony. Regarding the mETH communities victory prophecies like "Altcoin Season" and such just refusing to happen.
This shitcoin, like other formerly protential "Bitcoin Killers" just slowly dying off in the shadow of Bitcoin's marketcap rise.

Ok.. fair enough.. Ethereum down to right around 4-year lows against bitcoin in the last couple of hours, with a downity trend in the past week from about 0.035 BTC to 0.0314 BTC as the so far 4-year low to buy 1 ethereum... Yeah.. that smoke & mirror piece of crap coin has been pretty much straight down in its BTC price since their dumbass conversion to proof of stake, which was around 2.5 years ago (and yeah, they were just about 0.08 BTC in mid-2022).. and not that they weren't a known scam before mid-2022, but going even more retarded with their POS nonsense has been like a somewhat slow form of hari-kari.... ..

...and gosh a few more of those nonsense coins deserve the same downity fate.. .. but some of them are pumping under fantasies about Trump, too... and hating to specifically get into too many names of the coins that Trump is supposedly might be considering to include in a USA strategic reserves, which would be really stupid if the USA government were to be so retarded as to include some of those various shitcoins in any "crypto" strategic reserve... not that bitcoin would give too many shits in terms of prevailing in the long run, but it could take a bit longer to work out some of these distraction matters when having more dumb money getting lured into shitcoins and whatever shenanigans the US Government might be playing if it were to actually follow through with such a focus-lacking kind of shitcoin-emphasizing trail..

I wouldn't put it past them to lack in focus -  that's for sure...and maybe I am lacking in focus to be going into some detail about that kind of distracting nonsense...

[WatChe]

Ok.. fair enough.. Ethereum down to right around 4-year lows against bitcoin in the last couple of hours, with a downity trend in the past week from about 0.035 BTC to 0.0314 BTC as the so far 4-year low to buy 1 ethereum... Yeah.. that smoke & mirror piece of crap coin has been pretty much straight down in its BTC price since their dumbass conversion to proof of stake, which was around 2.5 years ago (and yeah, they were just about 0.08 BTC in mid-2022).. and not that they weren't a known scam before mid-2022, but going even more retarded with their POS nonsense has been like a somewhat slow form of hari-kari.... ..

...and gosh a few more of those nonsense coins deserve the same downity fate.. .. but some of them are pumping under fantasies about Trump, too... and hating to specifically get into too many names of the coins that Trump is supposedly might be considering to include in a USA strategic reserves, which would be really stupid if the USA government were to be so retarded as to include some of those various shitcoins in any "crypto" strategic reserve... not that bitcoin would give too many shits in terms of prevailing in the long run, but it could take a bit longer to work out some of these distraction matters when having more dumb money getting lured into shitcoins and whatever shenanigans the US Government might be playing if it were to actually follow through with such a focus-lacking kind of shitcoin-emphasizing trail..

I wouldn't put it past them to lack in focus -  that's for sure...and maybe I am lacking in focus to be going into some detail about that kind of distracting nonsense...

Ethereum is something that keep going up (for no reason) when bitcoin goes up and goes down when bitcoin goes down. I haven't seen instances where Eth has gone up because of his own utility or feature. It's nothing but a coin that is tightly hooked with bitcoin for price moment.
There was great hype of PoS that after converting to PoS, Eth will go up due to bla bla reasons but nothing happened. It's a coin with unlimited supply controlled by few developers.

[ChartBuddy]

Explanation
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[d_eddie]

R.I.P. David Lynch  
ETH soon to follow?

Ether suffering
the fate of bitcoin killers
they die in the end
#

Call me out of touch, since I don't get the context for the various above points/observations.

Oh, it's pure irony. Regarding the mETH communities victory prophecies like "Altcoin Season" and such just refusing to happen.
This shitcoin, like other formerly protential "Bitcoin Killers" just slowly dying off in the shadow of Bitcoin's marketcap rise.

For what it counts (next to nothing), I think the haiku was pretty good.
Strong imagery, no prose-like syntactic bridge between lines, bitcoin prominently relevant.
I hadn't even noticed it, but I went back and merited it.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JimboToronto]

Lets not forget the dude that started this here famous thread...I know he got locked out way back when, but I always like to think he started a new alt account and has been posting ever since.

Locked out? I thought he left of his own accord, in a snit during the block size wars.

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[sirazimuth]

Lets not forget the dude that started this here famous thread...I know he got locked out way back when, but I always like to think he started a new alt account and has been posting ever since.

Locked out? I thought he left of his own accord, in a snit during the block size wars.

Yeah, thanx for correction Jim, my memory is failing.

[Biodom]

If someone doesn't know the whole story of M. Saylor and MSTR:

https://www.wsj.com/finance/currencies/michael-saylor-microstrategy-founder-bitcoin-64afda39

no paywall appeared for me, again, but your setup might be different.

Quite a story...I worry a little about his health...in the latest interview with Tai Lopez (https://www.youtube.com/watch?v=Q67pFw9P1cg), he appeared a bit pale and was often grasping for air.

I think it is tough to be such a focal "point man".

[sirazimuth]

...apparently his meme coin is now worth over 13 billion dollars. ....

Also, bears don't shit in the woods, Hitler loved the Jews, and the earth is flat.

[OgNasty]

...apparently his meme coin is now worth over 13 billion dollars. ....

Also, bears don't shit in the woods, Hitler loved the Jews, and the earth is flat.

It’s up to $30 billion now! I already took profits and am letting the remainder ride. This is one of the craziest things I’ve ever seen. I am really hoping this is a preview of what is to come with Bitcoin during this administration. Is it possible that we aren’t bullish enough? That seems like crazy talk.

[Biodom]

...apparently his meme coin is now worth over 13 billion dollars. ....

Also, bears don't shit in the woods, Hitler loved the Jews, and the earth is flat.

For some reason, i think that the whole "crypto" area, not bitcoin, is about to be mercilessly exploited.
Small rumors and vague referrals are already causing 300-500% rises within a month or even days in some pretty large cap tokens.

[ChartBuddy]

Explanation
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[Biodom]

A few points/predictions for the upcoming era:

1. Some form of bitcoin reserve (BSR; that's almost a given, so not really a prediction, but it is somewhat central to the thesis that follows).

2. Within 2025, some bitcoin ETFs would establish "in-kind" creation/redemption.
That's a big one! Basically, if you have bitcoin, you would be able to receive ETF shares for it. Of course, this should have no tax consequences or nobody would do it.

3. BSR, when established, would probably have to institute a policy whereas any bitcoins contributed to it (in lieu of cash) would be not-taxable. Otherwise, they would have difficulty purchasing btc for the reserve at a decent price.

4. Unfortunately, it might also mean that gov would kind of push you toward "contributing". The extent of such push is unknowable, but I see parallels with FBR forcing citizenry to give up their gold for $20/oz, then almost immediately revaluing the gold to $35/oz.

5. Leverage within the system would increase (see Coinbase already setting up lending) and would eventually cause the bear market of 2026. MSTR might also be "cut" in size (probably might go to $1000 first, then back down to $150-200).

6. Bitcoin peaks at $216K, but if so, the bear market would be relatively mild with ~90K bottom. If bitcoin goes to 300-400K, bear market would be again, vicious, with about 70-75% decline to 90-100K again, and it would feel terrible, as usual.

[ChartBuddy]

Explanation
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