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

[ChartBuddy]

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[adam.sandler]

Probably many of us need to try to increase our use of cash in order to attempt to preserve our ability to use cash in the future.  For sure, there are going to be ongoing challenges in regards to attacks on cash.. which are easier to perform if so many folks are not using cash.

Depending in the country we living in. It's rare to see an average citizen in my country owning up-to $5(8000 Naira) in cash.
I realised ever since the limitation of cash our reliance on the banking system has increased.
I'd to register to a Fintech bank despite been skeptical in years because it became a necessity rather than an option.

In many countries, using any banking service, even declaring balances and transferring funds, is accompanied by taxes and fees. This causes both banks and the government to receive money from the least amount of people's money.

When many people realized this fact and tried to use cash more, banks also took a countermeasure to reduce the outflow of liquidity from accounts so that people would still use banking services and this way of earning income for banks and governments from the least amount of people's financial cycle is not interrupted.

One of these ways is to reduce the amount of money withdrawn from the account, and even in some banks and countries, this withdrawal limit does not apply to a single account, but applies to all of a person's accounts in all banks in that country.

And it has even reached the point where fees and taxes are considered for cash withdrawals.

Using cash for everyday tasks and even transactions is a great solution, but with the measures that banks and governments take to track this money and collect heavy taxes, there is currently no other solution than using cryptocurrencies to make transactions.

Of course, there is still a need to pay network fees, but these fees are better than having governments and banks monitor individuals' financial status.

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[adam.sandler]

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.

It's indeed somewhat inconvenient to avoid banks completely. For years I didn't need a credit card because I didn't use air travel (railroads are anonymous and accept cash) and stayed mostly in Canada where there's no restriction on how much cash I can carry. If a merchant wouldn't accept cash, I'd take my business elsewhere. I got my first credit card years ago because I got a free t-shirt at the ballpark for applying. It turned out to be necessary for buying my first airline ticket in decades. I also realized it was a way to cross borders  with more than $10kUSD by trickle depositing cash into my credit card until I had a large enough credit in my account to cover my foreign cash needs. Luckily very few people in Mexico use banks or have bank accounts. Cash rules.

I didn't get a bank account until much more recently when I needed one to accumulate millions of dollars to buy real estate. Now I use it for all government-reportable (tax deductible) payments and use cash for everything else. I use it for large not small amounts of fiat. I haven't received a salary or wages in almost half a century and I don't care if shops accept Bitcoin or not. As long as they accept cash, they'll get my business.

I gave up my season's Blue Jay tickets partially because they stopped accepting cash, even for beer. I used to buy my season tickets by meeting my customer service rep at the box office to take my cash. Now everybody, season ticket holders included, has to use a mobile phone to be scanned at the gates, no more anonymous tickets. The last thing I want to take to the ballpark is a telephone. The team and stadium owner just happens to be in the cellphone service business. Conflict of interest much?

Yes, bank avoidance can be a little inconvenient at times but to me it's worth it.

I don't disagree with anything you're saying, but I believe you are the exception, rather than the rule. Most of us receive salaries or pensions, and these can only be deposited to bank accounts. Also, in many countries, especially in Europe, you are not allowed to use cash when a purchase value exceeds a given amount, say, 500 €, which is really small, but they still require that it goes through the banking system. For someone in these situations to completely deny banking services serves no purpose, other than maintaining a strict anti-establishment lifestyle purely out of principle, which is OK if they can handle the downsides, but the downsides can often be very limiting, so much so, that they can make one's life more difficult that it should be.

I take a different, more pragmatic approach. I have several bank accounts, in different currencies, spread across several countries in the world. This allows me to move funds where they need to be, in order to accomplish what I want, all in the comfort of my own home, and all the while staying in the fiat world, because that's the mode of monetary transactions the world currently understands. This gives me immense power I would not have if I had simply denied banking services out of principle. I just use them as tools to accomplish what I want, with no expenses whatsoever, as these services are totally free (my money being in the bank accounts is what pays them). I remember when I was living in the UK, several banking staff had commented to me that "I'm a bad customer" because I never let my credit card unpaid so that it incurs interest. Indeed, I've never paid a single cent (penny in the UK) on credit card interest, because I always clear my balance on time. The key here is using the available tools smartly, in a way that benefits you.

It all depends on one's goals, wants, needs, and lifestyle. If you are a person that transacts exclusively physically, you could go all-cash, and it would make perfect sense. But for someone who also transacts digitally all over the world, banking services are a must. It could be done much more efficiently using Bitcoin, we all know that, but the world has not reached that stage yet. Until then, we either have to use banks out of necessity, or limit ourselves to cash and live a simpler life in a local setting. Or something in between, which is, perhaps, the best approach: cash when you can, banks when you need to.

tl;dr: a story told by a teacher when I was young. You want to meet a girl, and you know that the hot girls hang out at a specific downtown club where there is strict dress code. You hate dressing up. You have two choices: 1. refuse to dress smartly out of principle, stay out of the club and limit your access to hot girls; 2. dress up, get into the club, and meet the girl of your dreams. Bonus: in the club, many girls also hate dressing up, but they're smart and they know that that's how the dating game is played. When you meet, you leave the club and never go there again. The choice is yours.

I agree with almost everything you said, my friends.

And in my opinion, using multiple financial channels to carry out daily transactions and even investments and business can be a very good solution.

We can create one or more accounts and put very small amounts of money in them, and use a bank card or banking services for times when we need to, so that we can both maintain our financial security regarding the rest of our money and capital and meet our temporary and small needs.

[ChartBuddy]

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[Lucius]

@proudhon detected
After realizing that his speculations were obviously completely wrong, the last time he was seen in public he left in an unknown direction in a red car. Have a safe journey and green pastures

I use a mathematically and scientifically proven comprehensive technical analysis of bitcoin's price to arrive at my conclusions, and it is unequivocally clear that the underlying fundamentals point to a continuing collapse, especially in light of the macro environment. But setting that aside, the exponential history of the price, as measured by the differential dy/dx = ky^2, combined with its high volatility, alone suggests a very high risk of a terminal trajectory. This is further compounded by its beta coefficient, which is indicative of its sensitivity to market changes (β = (σxy) / (σx * σy)). Finally, bitcoin's Sharpe ratio is in the red, plainly implying its risk-adjusted returns are negative (Sr = (μp - rf) / σp). All of this, and more, leads to an undeniable conclusion that bitcoin is collapsing, has failed, and will eventually go below $1,000, which is the price level at which the key indicators begin to normalize. Hope this helps.

Hopefully proudhon will come back to pay fillippone or maybe we will have to give him (proudhon) neutrals (if not negative?) on his trust if he fails/refuses to follow through with his promise of a bitcoin gift to fillippone upon the happening of certain BTC price conditions that seem to becoming closer and closer to happening.
~snip~

Somewhere in my memory, I remember that there was a bet between the two of them, but I can't remember the details. As for whether or not he'll be back, he was last active on the forum a little less than a month ago (April 15, 2025), so it's not like he's completely disappeared.

[ChartBuddy]

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[fillippone]

Somewhere in my memory, I remember that there was a bet between the two of them, but I can't remember the details. As for whether or not he'll be back, he was last active on the forum a little less than a month ago (April 15, 2025), so it's not like he's completely disappeared.

Soon.
I have no doubt he will honour his promise.

Ehi wo gang, I have been a little bit out of WO flow recently, but I read this big news from JPM:


JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” strategists including Joyce Chang and Amy Ho wrote in a note Wednesday.

JPM says a lot of things about bitcoin, but you can bet that bow they are ready to sell some shitty bitcoin related product to their clients bow, so they are trying to convince everyone it is a legit product.

In addition to that a very bullish thing to me.

When I decided to buy bitcoin I made a few back of the envelope calculation. The first one was about gold parity, pointing to 350k dollar at the time (now more in the 500k region).

A second one was about the answer of the following question: what if everyone put 1% of their financial wealth on bitcoin.

So a few computation (getting updated figures for gold parity consistency):

World financial wealth (Credit Suisse 2020) : 360 Trln
1% : 3.60 Trillion
This has to becdivided over
21 million bitcoins (I want a conservative number)

Target price: 170,000 USD

Not bad.
Bullish.
My body is ready.

Money is going to leave the bitcoin ecosystem over the next 12 months (and forever after on average). Bitcoin will never reach that price. If it does, I'll buy $10k worth and give it to you.

[AlcoHoDL]

You'll be set for life,
With at least 10 BTC.
Or, maybe 20.

Trump for pope, I say.
Whores, golden showers and all.
Vatican freak-offs!

Dollars don't mean shit.
Even two hundred thousand.
Rich now, poor next year!

There's trouble in Spain.
Want to use your own money?
Suck the taxman's dick!

Tumbleweeds are gone.
Looks like we're pumping again.
ATH in May!

There's no need for bets.
If you want to know the truth,
Follow the red car!

Dress up, do your part.
Change the system from within.
Turn it against it!

#7wodigestsundayhaikus

[ChartBuddy]

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[ChartBuddy]

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[hisslyness]

[edited out]

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!

I felt obligated to take the other side of that bet, especially given the odds.  I couldn't help my lil selfie.

There only two three certainties in life, death, taxes and losing your bet with JayJuanGee

[ChartBuddy]

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[cxtreenal]

The dark night awaits the bright morning.
It will be light again and the birds will sing.

I will immerse myself in busyness again.
The days of green signals will continue to grow longer.

Our Bitcoin accumulation will continue to grow in the course of time.
Not to be greedy for ourselves, but to increase our holdings.

[goldkingcoiner]

....
hey at JJG

Doge is smoking it

.....

Musk forever ruined cannabis for me.

[Leahized]

BTC 400k breakout 2025

@DefiWimar

THE BITCOIN'S BREAKOUT STARTS THE BULL RUN NOW!

When this happens, BTC and alts have a MASSIVE pump

Bitcoin will explode and hit $250,000 in this cycle.

Here’s a list of low-caps with 150x-200x potential👇


X

[ChartBuddy]

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