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

[Tonimez]

What are people’s thoughts on @Bitcoin on X posting this and then deleting it shortly after?



I believe the owner is anonymous these days right? You can see that it is obviously hinting at Bitcoin dropping through the support level at $76K to the next major support level and 18 month low at $46K…

The community is curious to know why, haha that could have been a prank. However a more recent post breathes hope.



Is there no worthy ground to trust further? Bitcoin is a generational wealth and the only true justification for patience.



Well, funny but true. The next generation would witness a tremendous turnaround with bitcoin. The longer the better, if the market goes red, you buy more.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[hypebrother]

Well let's say the avg wage in USA is 10$/hour

It takes around 1250 working days to make enough at this exchange rate.

So..it's not really an impossible thing to get 1 BTC in 2030.

Enjoy working. Fuck politics and listen to Motorhead, then you ll be alright.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[LFC_Bitcoin]

Well let's say the avg wage in USA is 10$/hour

It takes around 1250 working days to make enough at this exchange rate.

So..it's not really an impossible thing to get 1 BTC in 2030.

Enjoy working. Fuck politics and listen to Motorhead, then you ll be alright.

I think the average wage in the US is a lot higher than $10 per hour. That’s like slavery or a minor doing a paper round or something. I’m not from the US but it has to be $20 an hour average surely?

One Bitcoin is pretty tough for a newbie these days. Most young people can’t even get on the property ladder. It might be possible by 2030 but you would imagine for the average guy, we will have to go a lot lower, I’m talking $40,000 to $50,000 for it to be achievable. Not many people can save $90,000 in 4 years.

Maybe the threshold for a newbie to be proud of should be lowered to 0.21 Bitcoin?
As there will only ever be 21 million Bitcoin, owning 0.21 Bitcoin could be fairly impressive in the long term future.

[LoyceV]

I think the average wage in the US is a lot higher than $10 per hour.

Wiki shows the minimum wage ranges from $7.25 to $17.50, depending on the state.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

OT...numerology

A fine-structure constant is ~1/137.
It's dimensionless (no physical units), but derives from:

The constant is a pure number, meaning it has no physical units (unlike the speed of light or Planck's constant). It is composed of a combination of other fundamental constants: the elementary charge of an electron (\(e\)), the speed of light (\(c\)), and the Planck constant (\(\hbar \)), arranged such that all units cancel out:\(\alpha =\frac{e^{2}}{4\pi \epsilon _{0}\hbar c}\approx \frac{1}{137.036}\)This has led physicists to believe it holds a deep, universal significance, independent of the measurement system used by any civilization in the cosmos.

Nobody ever came up with an explanation, it's just is, similarly to no explanation as to why bitcoin shows the deviation between historical prices that starts with 6 vs numbers that start with 7 (see my prior posts).

I find the idea of calculating this new alpha constant interesting. I would be very skeptical if it was just some random calculation, but the fact that all units cancel out, thus resulting in a dimensionless quantity, gives it some potential meaning, structure and significance. If physicists see this number popping up in experiments, or it can help them solve open problems, this will be big.

For those not familiar with LaTeX syntax, here is the definition, in human-readable form:



Was not aware of it, thanks for mentioning it.

Back to bitcoin: I still think that numbers above 100K are likelier than 70K, but we shall see.
Re cycles...I am open minded, but they shouldn't exist any longer.

Considering the fact that Bitcoin supply is halved every 4 years, I find it hard to expect the 4-year cycles to disappear any time soon. Supply halving is still too big of a step change to not affect price and other parameters. IMHO.

then the product will fail in under 50 years is what you believe.

The key word is "still". The effect will get weaker and weaker with time, but I think it's still significant enough to affect price. Maybe in a couple of decades it will become too weak to matter. Also, note that, such long-term effects tend to be notoriously difficult to predict. So, again, anything can happen, but personally, I do expect to see 4-year cycles for some good amount of time, albeit getting weaker and weaker after every halving.

[LFC_Bitcoin]

I think the average wage in the US is a lot higher than $10 per hour.

Wiki shows the minimum wage ranges from $7.25 to $17.50, depending on the state.

$7.25 is like £5 an hour. I was earning more than that in my first job 20 years ago. Ridiculous that people are being paid that in a First World Country in 2025.

Safe to say nobody on $7.25 will ever save to buy 1 Bitcoin.

[LoyceV]

$7.25 is like £5 an hour. I was earning more than that in my first job 20 years ago. Ridiculous that people are being paid that in a First World Country in 2025.

I continued my search, and it looks like about US 1% of the population works for minimum wage. But I assume that's mostly in sectors where tipping is mandatory, and that can easily add up to more than the wage itself. I can't say I'm a fan of this system though, it favours corporations instead of individuals.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[d_eddie]

$7.25 is like £5 an hour. I was earning more than that in my first job 20 years ago. Ridiculous that people are being paid that in a First World Country in 2025.

I continued my search, and it looks like about US 1% of the population works for minimum wage. But I assume that's mostly in sectors where tipping is mandatory, and that can easily add up to more than the wage itself. I can't say I'm a fan of this system though, it favours corporations instead of individuals.

Not just corporations, but business owners in general.

"Tipping" and "mandatory" is an oxymoron IMHO. If they're employees, you (employer) pay them. Or are you just offsetting labor costs to the customer?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BTCETFInvestor]

The [halving] effect will get weaker and weaker with time, but I think it's still significant enough to affect price. Maybe in a couple of decades it will become too weak to matter. Also, note that, such long-term effects tend to be notoriously difficult to predict. So, again, anything can happen, but personally, I do expect to see 4-year cycles for some good amount of time, albeit getting weaker and weaker after every halving.

I agree with this. The fact remains that halving every 4 years can't just be done away with, because it is a material event - but its importance will increasingly vanish with each halving event, which I think is already happening now. The sooner it fades away entirely, the better. Bitcoin needs to stand on its own merit like gold. 

[Richy_T]

What are people’s thoughts on @Bitcoin on X posting this and then deleting it shortly after?



I believe the owner is anonymous these days right? You can see that it is obviously hinting at Bitcoin dropping through the support level at $76K to the next major support level and 18 month low at $46K…

It's not a 6-7 meme thing, is it?

[LFC_Bitcoin]

I continued my search, and it looks like about US 1% of the population works for minimum wage. But I assume that's mostly in sectors where tipping is mandatory, and that can easily add up to more than the wage itself. I can't say I'm a fan of this system though, it favours corporations instead of individuals.

Forgot about the tipping culture. I hate that about the US, I never know what is acceptable.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Richy_T]

"Tipping" and "mandatory" is an oxymoron IMHO. If they're employees, you (employer) pay them. Or are you just offsetting labor costs to the customer?

The way it typically works is that in these industries, there are two minimum wages. The lower is just mandatory and the upper (which is usually the same as regular minimum wage, I think) is if the tips don't effectively make it up to that, the employer has to make up the difference. Which is ridiculous for the obvious reason that for the difference, the customer is funding the employer and not the employee.

US tipping culture is wack all through anyway.

[Greyhats]

I continued my search, and it looks like about US 1% of the population works for minimum wage. But I assume that's mostly in sectors where tipping is mandatory, and that can easily add up to more than the wage itself. I can't say I'm a fan of this system though, it favours corporations instead of individuals.

Forgot about the tipping culture. I hate that about the US, I never know what is acceptable.

20% always with exceptions

Order at counter food/pick up/delivery 15%

I always do 25+% for haircuts

Fixed amounts for certain situations mostly travel related, valet room cleaning butler type duties etc

$5 dirty fiat in the us/1st world countries and 10$ everywhere else.

Trolley dollies 5$ starbs gift cards

[philipma1957]

I continued my search, and it looks like about US 1% of the population works for minimum wage. But I assume that's mostly in sectors where tipping is mandatory, and that can easily add up to more than the wage itself. I can't say I'm a fan of this system though, it favours corporations instead of individuals.

Forgot about the tipping culture. I hate that about the US, I never know what is acceptable.

do not feel bad I lived in the USA for 67 of 68 years.

and I lose track of what to tip.

also tipping has been expanded .

Go to a bakery buy bread and cookies and there is a tip jar or worse a tip spot on the iPad and a tip jar.

I tip 0 on the iPad and give 2 to 5 dollars in the tip jar.

But with the diabetes I do not do many bakeries.

a restaurant I tip 18 to 25%

I no longer tip UPS, Fedex, the mail man, DHL and Amazon driver for christmas.

List is long than that.

If it is really really hot or really really cold I tip the gas station guy cause in New Jersey we do not pump gas.