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

[psycodad]

Just read that John Young, one of the most influential and highly principled cypherpunks and operator of the famous site cryptome.org died in March this year at age 89.

Rest in peace and thank you for all your work!

[Hueristic]

3 pages and no jjg ok own up to it who broke them???

ChatGPt can fill in, no problem:

User Input:
Act as JayJuanGee from Bitcointalk and create a Wall Observer post where he complains
about the current state of shitcoinery while praising todays ATH of Bitcoin.
ChatGPT response:

Not nearly long enough

For me, there seems to have had been problems with the style rather than length.

Right. I mean i actually saw the bottom of the post before i decided to scroll past!

*it was quite obvious it didn't even attempt to use your style.

I fixed the above quote to add what I had said.

Fixed, not sure how i fucked that up. I was at the casino on the laptop so that's my excuse.

*amusingly the correct quoting actually made my reply make sense.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

An interesting conversation to watch on a slow Saturday afternoon:

https://www.youtube.com/watch?v=T5Hig-6xBkk

Up to about 20min-bitcoin, then 10-15 min on AI, then back to bitcoin.

J. Visser says that "people" sold a lot of bitcoin volatility (options), hence a spike is likely.
Mentions 3x, 4X
He doesn't think that US will nationalize Coinbase and MSTR.

[WatChe]

Best practise is always keep your Bitcoin under your own custody, never go for exchange. That's the simple and best practise.  

There still seem to be a lot of people buying and selling their bitcoin through exchanges, so surely it is likely best that any of us who are using bitcoin should keep considering possibilities to support any businesses who accept bitcoin, and also there may be ways that we try to interact with our neighbors by using bitcoin, though surely so many of us likely are not engaging in neighborly commerce in these times... so surely easier said than done, even though there still can be opportunities from time to time to directly interact and transact using bitcoin.

I also sometime have to go through exchange to convert my Bitcoin into fiat because of tight Bitcoin regulations in my country (Pakistan). But I never store my Bitcoin on any centralised exchange, just use the exchange whenever I need some conversion. For long term storage, your self custodial wallet is best option.   

[JayJuanGee]

There is no need to give up so easily.  Each of us likely has abilities to put our coins into private placement and also to figure out networks to transact directly with others rather than giving in to having to have our transactions channeled.  

You got me. I was kind of seeing the future as bleak.
It seems like the government are slowly influencing what people perceive Bitcoin as
Though not as an enemy but as an asset that grows like Gold
Hence why they push the narratives of bitcoin been digital gold.
I'm not surprised about this and even consider it smart but many don't even know or care why Bitcoin is Bitcoin.
I'm not against ETF and the opportunities it brought but I think it opened the government eyes to a way.

Many of us are still getting used to bitcoin, and it is a bit of a moving target, so yeah there will be ongoing pushes to put all of us into KYC channels, yet the non-KYC channels are not completely closed, even though there may well continue to be increasing barriers, yet we do not necessarily need to be controlled by the barriers and the channels that financial institutions, traditionally rich folks and/0r governments may want to place us and/or keep us.

Lets talk tariffs moonboys  

It looks like a new buying opportunity is being created. Not only for Bitcoin, also for the stock market.

You buy stocks?

Taxes (or better: tax deductions) force me to invest in pension plans. Some diversification to reduce all-eggs-in-one-basket isn't bad.

I understand the lure of the tax deductions and even possible employer matching within retirement plans such as 401k.. even though your retirement plans are likely different from the ones available in the USA and surely not everyone has access to various retirement investment funds.

I am thinking that I would have had been distracted if I was still contributing into my 401k from 2014 and thereafter, which I was not, and so bitcoin became a substitute for my 401k contributions that no longer were available to me at that time.

There can be employer matching up to 5% or something like that, and depending on income there can be tax benefits (deferral) up to $23,500 per year, which surely can be tempting to get the tax deferral up to the limit, even though it may well be better to invest into bitcoin rather than receiving the tax deferral benefit.

How many days can we within see at 70%?

Bitcoin dominance is not really very relevant in these here parts even though shitcoiners love to use such bitcoin dominance metrics (to the extent that they are not made up figures) to trade shitcoins or even to bounce between trading shitcoins and trading bitcoin..

[edited out]

Another thing is that, the approach of selling off Bitcoin with intentions of buying back at a much more lower price is purely gambling. It's not as if there aren't people who actually gets away with it, but you know, just like gambling, it's purely about luck, and if you're not lucky, then you end up losing and missing out on potential opportunities thereby defeating your aim and purpose for selling in the first place.

From my perspective, for anyone who had reached an overaccumulation status, then such person would just sell from the overaccumulated portion of their holdings and not necessarily sell any bitcoin with any expectation to buy back cheaper.

Best practise is always keep your Bitcoin under your own custody, never go for exchange. That's the simple and best practise.

There still seem to be a lot of people buying and selling their bitcoin through exchanges, so surely it is likely best that any of us who are using bitcoin should keep considering possibilities to support any businesses who accept bitcoin, and also there may be ways that we try to interact with our neighbors by using bitcoin, though surely so many of us likely are not engaging in neighborly commerce in these times... so surely easier said than done, even though there still can be opportunities from time to time to directly interact and transact using bitcoin.

I also sometime have to go through exchange to convert my Bitcoin into fiat because of tight Bitcoin regulations in my country (Pakistan). But I never store my Bitcoin on any centralised exchange, just use the exchange whenever I need some conversion. For long term storage, your self custodial wallet is best option.   

It is problematic to create a bunch of small UTXOs - hopefully people understand the issue, especially if they are poor and they are creating a bunch of $10 to $100 UTXOs, it can become quite problematic for them at various times in the future.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LoyceV]

I understand the lure of the tax deductions and even possible employer matching within retirement plans such as 401k.. even though your retirement plans are likely different from the ones available in the USA and surely not everyone has access to various retirement investment funds.

I am thinking that I would have had been distracted if I was still contributing into my 401k from 2014 and thereafter, which I was not, and so bitcoin became a substitute for my 401k contributions that no longer were available to me at that time.

There can be employer matching up to 5% or something like that, and depending on income there can be tax benefits (deferral) up to $23,500 per year, which surely can be tempting to get the tax deferral up to the limit, even though it may well be better to invest into bitcoin rather than receiving the tax deferral benefit.

Here, there are 2 reasons: income tax and savings tax. Income tax means you save 37 or 49.5% tax on the money you put in the pension fund, but your pension will be taxed when you receive it (at a slightly lower rate by then). Savings tax is currently 2.12% per year on all your investments (like Bitcoin). That's 2.12% on the total value, not on the return. Next year, they want to raise it to 2.8%. Yep, we have a very greedy government. Anything in your pension fund is exempted from this tax.

[Hueristic]

John Woeltz, 37, was arrested after the bloodied and bruised businessman – a 28 year-old man – broke out of the SoHo house of horrors Friday morning, ran to a police officer and said he’d been held prisoner for more than two weeks, the sources said.

“I knew there was something weird going on, I just assumed they were shooting porn or something,” he said. “I couldn’t have guessed all this.”

https://nypost.com/2025/05/23/us-news/kentucky-crypto-investor-allegedly-tortured-captive-italian-tourist-for-weeks-in-luxury-nyc-apartment-sources/

[aesma]

In France we have this tax deduction thing only since a few years ago, well there was a form of it before but the money was stuck until retirement age no ifs no buts the only exception being personal bankruptcy, so that wasn't an option for me, but now they have relaxed the rules.

I have however with my job a tax free thing where I get "matching contributions", so I put the max in there (5400€/year). I just started the aforementioned thing, that lowers my income by as much as I put in it so I get taxed less, and my job also contributes some to it, so that's free money.

Like LoyceV I see it as diversification, that helps me hodling BTC. And for example I'm looking at houses and plan to spend all/most of that fiat stuff but none of my BTC stash to buy it.

Also as long as I'm here the taxman is taking a huge chunk of my paycheck to give it to retirees so in theory I'll get a state pension out of that, although I'm not sure the system will still be there by then and I plan to retire 20 years early so that will probably not work, let's say it's plan C.

[adam.sandler]

One idea that consumes me lately a bit...what if we are repeating not only the 2017 spike, but also a 1979-early 1980 silver spike?
In the latter scenario M. Saylor looks to be in a similar role to Hunt brothers (circa 1979-1980) since his incredible buying is also essentially margin-based.

Check out the Wiki (below) about it: silver popped from $6 in Jan 1979 to $49.9 on Jan 18, 1980.
Hunt bothers were "running" the spike using borrowed money.
Their aim was to monopolize silver, but the exchange rug-pulled them, essentially, by not allowing or limiting margin, thereby ending the run.

If 93K btc is the equivalent of a $6 silver, we might spike to 750K (plus minus 100-150K) btc between now and, say, Jan-Feb 2026.

For those who think that we would just go very gradually...this is not how fast markets with LIMITED supply are working.

Charts:

Silver spike:
https://en.wikipedia.org/wiki/Silver_Thursday

Nickel spike:
https://tradingeconomics.com/commodity/nickel

It would be interesting to see what happens, but someone is interested (perhaps, prematurely):

https://www.businessinsider.com/bitcoin-price-prediction-options-300000-june-record-high-btc-crypto-2025-5

I agree that the price of Bitcoin is rising.
In history, we have experienced sharp increases in prices in a short span and it’s clear to everyone that things tend to repeat.
The evidence of how silver’s price rose before and Bitcoin’s price skyrocketed in the past means it’s necessary not to ignore the future.

Although market and silver as well as Bitcoin are not exactly the same, the basic principle remains that a reduction in available resources, a rise in mining expenditures, an increase in taxes on each transaction and more demand due to use from more people often causes the price to rise.
Simply put, since we live in the age of technology, Bitcoin has received growing attention in the past few years. We should anticipate more price hikes from Bitcoin going forward.

Yet, because I have always stated that things are not certain 100%, I do not want to confirm or deny anything about your date and price.

[OgNasty]

It is funny how excited the feeling was when we were rising to $100K, but after a small correction from the new all time high people go right back to shouting from the rooftops that Bitcoin is dead. This should really be studied. I don’t understand the mindset of someone who would rather see others fail than themselves succeed.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[₿itcoin]

It is funny how excited the feeling was when we were rising to $100K, but after a small correction from the new all time high people go right back to shouting from the rooftops that Bitcoin is dead. This should really be studied. I don’t understand the mindset of someone who would rather see others fail than themselves succeed.

A typical crypto crowd behavior, haha ! ! It is like-a rollercoaster of emotion out there

But hey, the practicing hodler knows very well the actual drill , right? Actually they have seen FOMO, FUD, ups an down, and everything in between for a long time

While everyone busy to panicselling, they are just chilling, emm maybe even stacking a few more sats, who knows ? ?

you know volatility is part of Bitcoin, however that one is the real charm if you catch it! So just enjoy the ride, keep both eyes on vrooms chart, and maybe take a second to laugh at the drama along the way

So Hodler just stay strong ! !

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Dimitri94]

It is funny how excited the feeling was when we were rising to $100K, but after a small correction from the new all time high people go right back to shouting from the rooftops that Bitcoin is dead. This should really be studied. I don’t understand the mindset of someone who would rather see others fail than themselves succeed.

People with healthy personalities always think positively. They are always determined to achieve and develop their goals. There are many who want to question the success of others to cover up their own failures. Moreover, there are some people who fail to think realistically. They think the price of Bitcoin will increase continuously. Ignorant think like this. When the price is rising, they get excited, and their emotions break down at the slightest correction. For such investors, investing in Bitcoin is the riskiest.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com