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

[Leahized]

Congrats to Leahized with a final result of $1,033,255.88!

Next contest starts today @ 3pm cet. Prize: 0.00025 BTC

If anyone wants to participate: https://bitcointalk.org/index.php?topic=5542315.0

1st Week Challenge Journey Was Much Better.

If it has the prize money, I would have received 1st Winner Reward

Congratulations to Everyone for 2nd Contest Participants

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[OROBTC]

...

US hamburger chain "Steak 'n Shake" is going to roll out payment by BTC on May 16.  They are going to roll this out at ALL of their restaurants.  While Starbucks, Burger King, Subway and a few others have experimented in the past with BTC payment, none of them have done this on a large scale.  Too bad there is only one location in my city, it's far.  Still, I know where it is, and when I'm out that way, I'll go by.


https://bitbo.io/news/steak-n-shake-bitcoin-launch/

https://x.com/SteaknShake/status/1920647356032139430/photo/1

[B-BossMan]

...

US hamburger chain "Steak 'n Shake" is going to roll out payment by BTC on May 16.  They are going to roll this out at ALL of their restaurants.  While Starbucks, Burger King, Subway and a few others have experimented in the past with BTC payment, none of them have done this on a large scale.  Too bad there is only one location in my city, it's far.  Still, I know where it is, and when I'm out that way, I'll go by.


https://bitbo.io/news/steak-n-shake-bitcoin-launch/

https://x.com/SteaknShake/status/1920647356032139430/photo/1

The Bitcoin development in US is so interesting,It's nice ideas indeed, and a huge cryptocurrency adoptions, accepting Bitcoin nationwide would also be better, I could remember the Twitter CEO Jack Dorsey response,

[xhomerx10]

Moon soon



Resistance fading,
As the mighty bull pushes
quickly, breaking free.

[ChartBuddy]

Explanation
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[God Of Thunder]

Absolutely right. It's my (our) money (yet THEIR fiat), and now want to burden us with more regulation, hurt our privacy, limit our options...

Clearly, the more payment options the better.

I thought my country's banking system was the worst when it came to cash withdrawals, but it seems there are other countries where it could be worse. The bank I am using now requires me to inform them a day before if I want to withdraw more than 500K BDT (Around $4.5K). They also want to know why I am withdrawing the funds and give me a form to fill out (a little KYC) and a photocopy of my ID card if I want to withdraw the funds from different branches of this bank. I don't keep more than $500 in my bank account anymore.

[ChartBuddy]

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[ChartBuddy]

Explanation
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[AlcoHoDL]

[...]

$100k over and done with.
Next target: ATH in May.

One hundred k done.
Everything's green on my screen.
ATH in May.

#sobackhaiku

Seeming possible.  50/50?  51/49?  Some other number?

[...]

Oh, no, no, no! I would put it between 99/1 and 100/0, and that's being conservative.

Wow!!!  That is a high level of confidence. You might want to leverage on those kinds of odds.

I would even take the opposite side of such a bet.  I will put up 0.0001 BTC if it reaches such $109,356 or higher on or before we in June (UTC time).  Otherwise you have to pay me 0.01 BTC.  That would be in the ballpark of 99 to 1 odds, no?  We could add one more zero to each of the sides of the bet to make it smaller (I pay you 0.00001 BTC if it reaches such $109,356 or higher on or before we in June (UTC time) - otherwise you have to pay me 0.001 BTC).

I believe that you really don't believe your stated 99 to 1 odds.  Even though I probably don't believe 60% odds, I would proclaim 60% to be reasonable.. .but 99%..

By the way, we currently have some UPpity momentum, so new ATH prices could be reached within a day or two or within a week or two.. so I am not totally opposed to the idea being greater than 50/50 odds... even a wee bit greater.. but not 99%. There are not many future happenings (including market related) with 99% odds.

[...]

You are interpreting my funzie comment using logic. I'm going to be a party poop and say that, when it comes to Bitcoin, I don't really believe anything other than "given sufficient time, it's going up," which is really a paraphrase of Saylor's "it's going up forever, Laura!" In that sense, betting on a specific date for the price to exceed a specific value doesn't make much sense to me.

I can understand your 60/40 choice, given the long sideways streaks we've been observing lately. But the bull in me wants it to be higher. Like 100/0, LOL!

[...]

[edited out]

Yet another reason to never keep money in a bank unless absolutely necessary. For fiat currencies cash is king. For long term storage of wealth, Bitcoin.\
The only reason I got a bank account was to park the $2M+ I bought to buy my lake and  land. Before that, I was bank-free.

Cash and Bitcoin are both anonymous (or at least pseudonymous). I've never had to produce photo ID to receive or spend cash nor pay any fees. I've never had cash put on hold for 5 business days. Transactions are time-limited only by the counting process.
Bitcoin can take a little longer but but only because most OTC and UTC exchanges depend on banks for fiat liquidity. Also exchanges require payment for their services. Luckily their fees can be fairly small if you establish good relationships with them.

Ultimately, cash is still king. There are no records of who, when, where, why, or how much.

Edit: Oops, I see JJG already touched on this as a reason to avoid banks.

It is difficult to live these days without banks and/or credit cards. Also exchanging bitcoin when you are traveling can be difficult and it can also be difficult to find local trading partners, and so many folks will go through exchanges rather than transacting directly. In the real world, from time to time, I do ask if I can buy a good or service in bitcoin (especially when I am traveling to differing places), and it is pretty rare that I find a cooperating counter-party.

[...]

Exactly. Denying bank services completely is an extreme choice that will most certainly make one's life difficult. Having a bank account and a debit/credit card makes perfect sense for small amounts of fiat. Salaries don't get paid in Bitcoin, and 99% of shops don't accept Bitcoin. And, no, I don't much care about some database keeping logs of my supermarket purchases. Living Bitcoin-only is still impractical, unfortunately.

When in Rome, do as Romans do. But do it smartly.

[ChartBuddy]

Explanation
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[xmrhopium]

Absolutely right. It's my (our) money (yet THEIR fiat), and now want to burden us with more regulation, hurt our privacy, limit our options...

Clearly, the more payment options the better.

I thought my country's banking system was the worst when it came to cash withdrawals, but it seems there are other countries where it could be worse. The bank I am using now requires me to inform them a day before if I want to withdraw more than 500K BDT (Around $4.5K). They also want to know why I am withdrawing the funds and give me a form to fill out (a little KYC) and a photocopy of my ID card if I want to withdraw the funds from different branches of this bank. I don't keep more than $500 in my bank account anymore.

Eu's might go strict financial regulations but for SA countries, that doesn't applies same for many's mainly if someone has insider connections (includes cashier to higher level staffs) of the bank who willing to do either withdrawl or deposits for their account, especially countries like, Bangladesh, Pakistan, India, Nepal.... (or would say SAARC nations).
 
If the person is not capital city based who does their transaction offline cash to cash through their bank probably doesn't they even care because they operates couple of small branches into the multiple cities and they are pressurized to bring deposits to hit profit targets from that branch. I've heard of  banks are giving 10%....14% returns in some above mentioned countries for the fixed deposit (if brings amount in large number which can be 200,000$.... or more.) then they treat like special valuable customers "Do they even ask for source of money" at a time? Not at all. Because if the clients feels offended, can shifts to another bank. "Loyalty goes where the interest rate and treatment are better". If any problem arise upon a bit after sometime they will handle it accordingly (case depends).
 
We currently do have the limit for 10,000$ (in my local currency...) for either deposits or withdrawals for past more than 6,7 years (or can goes to unlimited if had valid source) and meanwhile other digital wallets let us allow another 10k$ each a month only, they do monitors in each transactions but banks? Sucks!  Is because political damaging nation, people who haven't even completed 8th standard or barely passed 10,12th grade end up being into the higher level in government positions keeps corrupting millions, billions of dollars from those remittance and funding.... If have good political support backing you at your back, you can do the fuck whatever you want. Nobody is stopping it.
 
And that law and regulations? only apply to the innocent middle class citizens, while the rest of powerful others keep getting away with everything and enjoying the juiciest parts of the rekt system.

[adam.sandler]

I have a thousand hopes, and each one is you
You're the beginning of joy and the end of waiting too
All the springs that passed from my life, passed without you
What were they but autumns, if spring is you?
BTC

Simin Behbahani

[ChartBuddy]

Explanation
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[d_eddie]

Bitcoin Price Above $100,000: CryptoQuant CEO Says It’s Time To Throw Out ‘Cycle Theory’

CryptoQuant Founder and CEO Ki Young Ju has walked back his bearish prediction after the Bitcoin price broke out above $100,000.

As sentiment has moved back into the positive, Young has turned bullish, explaining the change in his stance and what is going on with the market right now.

This guy must be a formidable back predictor.
I guess he might even be able to predict the name of the pope after Francis.
So let's ask the rear view mirror oracle!

Oh Ki Young Ju, you that know all, please tell us:

- Who's going to have been the next US president after Biden?

- How much will the bitcoin price have been on January 1, 2025?

I hope he listens and is able to answer.

[ChartBuddy]

Explanation
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[vapourminer]

Oh Ki Young Ju, you that know all, please tell us:

- Who's going to have been the next US president after Biden?

- How much will the bitcoin price have been on January 1, 2025?

I hope he listens and is able to answer.

wow this guy just gives that info away???

he should at least charge for this valuable info it could be life changing

 TANSTAAFL

[philipma1957]

Oh Ki Young Ju, you that know all, please tell us:

- Who's going to have been the next US president after Biden?

- How much will the bitcoin price have been on January 1, 2025?

I hope he listens and is able to answer.

wow this guy just gives that info away???

he should at least charge for this valuable info it could be life changing

 TANSTAAFL

he is right the 4 year cycle is dead

he likely found that out reading the wo and copying me