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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[BTCETFInvestor]

@philipma1957 - Phil, what exchange or platform do you use to buy and sell Bitcoin? I know you've mentioned having Bitcoin in your PayPal account before. Is what you use to execute purchases done by using a website on a PC or done on an app on a mobile (smartphone) device? Whatever you use, I guess there are fees or the bid/ask spread is how the exchange or platform makes its money, right?  I've never heard you mention doing any trading so I don't think you're interested in that. I'm curious what you use to buy bitcoin...also what you use to transfer it.  

That is a TMI question.

I USED to use coinbase.

But they fucked up my kyc . The issue with them began in Jan 2025.

Here we are in Dec 2025 and I have not been able to fix the issue.

After months of trying to fix it.

They came up with an entirely new set of reasons of what they want for kyc.

The issue is that the delay from Jan to Dec  caused me to lose access to my nicehash mining account and with out that access I can't answer the questions asked by coinbase.

I E
I can not prove to coinbase where some btc came from since nicehash wanted a verified deposit address which was coinbase.

I GAVE UP trying to fix it.

Lost about 0.0015 btc in nicehash as they would not let me withdraw to different address.

It is a fairly stupid fuck up.

But at least coinbase let my withdraw my coins and cash.

Can't trade can't deposit a dime with them.

I Keep them open for tax records.

I DON'T I much sell I think it has been oct 2025 I sold 0.001 btc at the new ath.

every dubious transaction for sketchy exchanges from dubious altcoin mining from 2014 to 2019 and outside the country exchange

I ever interacted with I took a screeshot for tax reasons mining....if you report it..they 'might' overlook back in the day it was not

a real exchange ..and a lot of them are down now...I do this to this day screenshot everything from coinbase

i also buy everything thru coinbase (fees are high meh) and use it with the cointracker.io package with taxes each year fee

makes a 1 sheet of my sells or buys (mostly buys) for my CPA who loves that stuff...last 5 yearss this may be like a couple dozen buys

printed out screenshots in my tax stuff even if not needed for taxes know where to find it

anyway...back when exchanges used to drop like flies and most were not really liked and used a vpn by usa govt

but screenshots of moving selling the coins paid the meager taxes on such have the screenshots printed to this day

paranoid much but paid all taxes since 2013 via a CPA ...setup the new PayCoin (scam) 2 weeks to setup blockchain using sha 256 with others to

start their blockchain

in our defense did not know it was a scam but i was not gonna keep it in paycoin...so dragged the old knc jupiter btc miner  out 2 years after

difficulty defunct. Again did not think it was a scam but little faith in the project as such

and converted to btc daily. Again, that was almost exactly 1/2 btc I still have.

Had a company in town hacked/blackmailed paid the hackers off with $1k of btc bought from me as

a tip for my help...another .33 btc ...bitcointalk had signature taglines (ads) back when started (some dubious) taglines to posts

made 1/2 a btc a month..1 year for sure...i think ..all somewhere as screenshot and printed out in the tax files as a screenshot

again, not such a big deal to be so paranoid with screenshots and today with online tools using blockchain..but still

allowed me to sleep better though back in the day when regulations were on the fly or just made up monthly by feds/state

@Searing & @philipma1957 - The stories (quoted above) you two guys tell, scare me!  

What you have said and revealed just adds to the reason I'm very hesitant to get involved in directly buying Bitcoin and self-custody it, and move it from time to time, like I think some of you OGs typically do. It's just all such weird stuff to me, which I have no knowledge about or experience with!

And since I don't know much about the history of exchanges failing or being hacked (i.e. Mt. Gox), that too really intimidates me. I'm sure I cannot be alone about how I view this matter. I guess if I knew all the ins-and-outs you OGs have experienced over the years I might (maybe) feel better about directly owning a lot of Bitcoin. It's just all unknown and confusing stuff to me. Therefore, I just don't trust doing it, and I'm oblivious to how best to securely self-custody it if I did decide to give it a try.

Also, I don't understand using Robinhood (for example) to keep owner's Bitcoin, in that it isn't a cold wallet, but a custodial platform that holds your crypto and stores the majority of its customer fund's in a mix of offline cold storage and online hot wallets using a hybrid approach to protect assets. And while this offers security, the owners don't hold private keys, and they don't have full control like a personal hardware cold wallet (e.g., Ledger, Trezor). Although, I understand that Robinhood offers a separate, non-custodial Robinhood Wallet app for more control. It's just all baffling to me!  I know many people here say self-custody and having private keys is the best and only way to invest in Bitcoin - it's more than a little puzzling to me!    

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[ESG]

I'm so confused by the confusion I've been confusing,
 that I don't know if I'm confused or if I'm going to
confuse myself trying to say confusing things that
 when I don't know what I'm writing, and then
 I don't know what I'm talking about, I know
 that I'm talking I see how confused I am
 when I read the confusion that I've written.
but even so I move on quoting my own posts
 and adding and saying more confusing things
  that when I read, I don't understand anything
  and I end up pressing the same button that I get
  more confused to know if it's confusing me and or
   I'm confused....   Asking about my confusion, I get
    answers   that   I   don't  understand and I ask more
    questions  reposting   what  I   had   already reposted,  
     and when I put everything together and read, I see that
      I'm more and more confused without knowing what I'm doing.

[philipma1957]

I'm so confused by the confusion I've been confusing,
 that I don't know if I'm confused or if I'm going to
confuse myself trying to say confusing things that
 when I don't know what I'm writing, and then
 I don't know what I'm talking about, I know
 that I'm talking I see how confused I am
 when I read the confusion that I've written.
but even so I move on quoting my own posts
 and adding and saying more confusing things
  that when I read, I don't understand anything
  and I end up pressing the same button that I get
  more confused to know if it's confusing me and or
   I'm confused....   Asking about my confusion, I get
    answers   that   I   don't  understand and I ask more
    questions  reposting   what  I   had   already reposted,  
     and when I put everything together and read, I see that
      I'm more and more confused without knowing what I'm doing.

cool it is nice to see that you admit to and embrace the confusion.

[Leahized]

Click the button below the profile to get rid of the confused.

I love doing it.

[vapourminer]

i never checked, but is there supposed to be a minimum age on this forum?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ESG]

~
cool it is nice to see that you admit to and embrace the confusion.

-Now that I've been rereading there, to try to understand better,
 I'm in doubt if it's about me.=D

[xhomerx10]

I just had a thought.  What good is an automatic coffee maker if it doesn't make Turkish coffee?
Everyone needs to get one of these too

 

or one of these semi-automatic units.  As as added bonus, you've got yourself a good chunk of copper as an investment (I'm looking at you Mr. philipma1957)

[WatChe]

i never checked, but is there supposed to be a minimum age on this forum?

I think this forum is open for everyone. No minimum and No maximum age.

[philipma1957]

A see something controversial in the charts:

Since Dec 2022 low (3 years):

BCH outperformed Bitcoin during both the last three and one year time frames:

BCH at 97.7 at Dec 2022 low, now 624.12 (up 538.8%)
BCH at 480.65 one year ago, now 624.12 (up 29.84%)

BTC at 15782 at Nov 2022 low, now 87892 (up 456.9%)
BTC at 100070 one year ago, now 87892 (down 12.17%)

My read: there are some parties or a hedge fund (or a multiple of those) that are actively accumulating BCH in the last three years, accelerating in the last year and at the same time the same funds might have been shorting btc (the latter suggestion is a stretch, but could be a logical path).

I can easily see how bch can make itself more "sexy" in the short term...beware.
What would happen to the sentiment in btc if outperformance of bch would increase?
Of course, those bitcoins that were not split since 2017 would get both chains appreciation or the lack of it.

So a shitcoin outperforms Bitcoin in a bull market.... how special    

And all the other shitcoins that are doing the same... I guess they must be bought by hedge founds too right?

BCH... Pfff... I remember some (one?) of us here in WO promoting BCH back in 2017-2018. Had they converted their BCH to BTC at that time, they would now be much, MUCH richer. But, ego is a double-edged sword.

Goes to show that short-term performance doesn't mean anything.

Zoom out to see the bigger picture.


Edit: Zoom-Out performance for the exact same period of 8 years:

BCH at $1125 at Dec 2017 low, now $592 (DOWN 47%, after 8 years)
BTC at $9370 at Dec 2017 low, now $90205 (UP 863%, after 8 years)

Bitstamp prices.

What really matters for a turnover coin is timing. BCH is a turnover coin.

Much like my silver it is for hedging.

The goal is sell it  when up to get more btc or more whatever, dare I say real estate.

Letting wealth sit in cash is less attractive then letting it sit in a few spots.

My silver was purchased when btc was at 70k or so.

It more than 2x today and btc did 70 to 90

So for the time I held and sold the silver it did okay compared to btc

And if going from that date till now my btc did do 70 to 90k it did well compared to cash

And the copper wires did 3x while btc did 69k to 90k

So all did way better than cash

And silver and copper did way better than btc. FOR THE TIME FRAMES I INVESTED IN.

which is all that matters to me.

SO silver = win
And copper = win
And BTC = win.

Can't complain.

Now if I go back to dec 2012 and just after the 1/2 ing btc went under 10 bucks maybe 9 this was the price to buy and hold that I really truly missed.

Do I beat myself up about that no.

Cause if I did, unless I held it til we got to 126k then sold it I would not be perfect. I have learned being prefect is not my goal.

Yeah I do wish I had more than what I have but [say la v] spelling is wrong.

[WatChe]

I was doing research on Gold price and saw the price chart for last 5 years. From 2021 to 2023, increase in price of gold was steady but in year 2024 and 2025 there is enormous increase in price of Gold. I have two questions in my mind:

Why gold price went so high in last two years?

Whenever any market goes extraordinary high, it takes correction. Is that true for gold also?

[BitHodlers]

That is not exactly correct because there are also other examples like Solana. It is much more up than BCH compared to its low price. If you really looked you could find a few more examples. There is nothing special about a random low cap shitcoin like BCH. They can deliver larger percentage returns more easily it means nothing.

Ehhh...no...that coin is down from 181 to 126 in the last year (down 31%), so it does what is expected of it.
BCH, on the other hand, is an inferior bitcoin fork that does not have a network effect, supposedly.
Yet, it is up 28.7% vs down 9% for bitcoin (in the last 12 mo)...I don't have an answer, but I am curious of the cause, that's all.
Both coins are POW, of course.
Flailing the hands and saying that it does not matter does not compute the answer, imho.

You are confusing me, because for these coins you picked the last lows from last cycle and for Solana you picked only the high price from last year. Why compare only one part of the equation when I was referring to another? Even less I understand why vapourminer gave it merit when it is wrong. Here is your own data and with solana included.

BCH at 97.7 at Dec 2022 low, now 624.12 (up 538.8%)

BTC at 15782 at Nov 2022 low, now 87892 (up 456.9%)

SOL at $11 at Dec 2022 low, now 127  (up 1054%).

Please take the shitcoin BCH conspiracy theories to the altcoin section. As you can see Solana outperformed both BTC and BCH, there are many other coins like this. It is easy to get a 1000% return when your market cap is low. If you wanted to be really picky you can find a coin that is more up and less down in both timeframes that you picked, it means nothing.

People really need to be careful with these things, a lot of people fell for BCH and BSV scams because people were writing all sorts of things that were incorrect and speculating on some others. None of the two scammers behind those forks could have cheated so many naive people if it weren't for willing or unwilling participants.. Someone may read your post and see it as an endorsement, they don't know better.

What is the verdict for next week? Price goes up or price goes down? Trading volume is pretty dead.

Later today would show, but for several weeks they use low volume trading on Sunday night to induce a 2K drop.
Will they do it into the Christmas week? Who knows.

Seems wrong for now, I hope it stays that way.

[Lucius]

i never checked, but is there supposed to be a minimum age on this forum?

I don't remember anything like that existing when I registered, and as far as I can see, it doesn't exist as a requirement now either. There is an option for the user to specify how old they are, but it is not mandatory. Besides, even if there was some age restriction, how would the forum check the same?

https://bitcointalk.org/index.php?action=help;page=registering

[ESG]

=talking about confusing things, this one, these kinds of news, if it's not going to cause confusion, I don't know what they're for>>>

Michael Saylor Says Bitcoin Goes to $1M if Strategy Buys 5% of BTC Supply and $10M at 7%

 Michael Saylor has highlighted the exponential growth trajectory of Bitcoin, highlighting how the firm spends more fiat for fewer BTC.

 Saylor, who is the executive chairman of Strategy, shared this sentiment in his appearance on episode 641 of the Breakdown podcast, hosted by David Gokhshtein. The Bitcoin evangelist discussed Bitcoin’s price trajectory and how it has become increasingly expensive over time.

More Fiat for Less Bitcoin

...

Than....

JPMorgan weighs offering institutional crypto trading as Wall Street doubles down on digital assets

   . JPMorgan is evaluating crypto trading services for institutional clients, including potential spot and derivatives offerings.
   . The plans are not yet public and remain under internal review, according to Bloomberg.

  JPMorgan Chase & Co. is mulling offering cryptocurrency trading to its institutional clients, deepening Wall Street’s involvement in digital assets as demand for regulated market access continues to rise.
...

according to Bloomberg, citing a person familiar with the plans who asked not to be identified because the discussions are not public.(    )

   A growing shift across major banks
If adopted, JPMorgan would join a widening group of global banks expanding their crypto capabilities despite uneven regulatory clarity and prolonged policy uncertainty in the U.S.

..., well, but none of this confusion tells me that the price of BTC is not rising for the turn of the year.
,

but, guess that Saylor did see this news, and now, he sTop Your Buys, will him become seller?, no, but stopped yours buy!

Bitcoin-treasury Strategy Boosts Cash Reserve to $2.19 Billion, Pauses BTC Buying

 Strategy just raised $748 million to lift cash reserves to $2.19 billion and held its bitcoin balance steady at 671,268 BTC.

Billionaire Bitcoin advocate Michael Saylor’s company, Strategy Inc., increased its U.S. dollar reserves by $748 million last week, lifting total cash liquidity to $2.19 billion, according to a regulatory filing released today.

The update confirms that the company continues to hold 671,268 bitcoin, leaving its total BTC position unchanged during the reporting period from Dec. 15 to Dec. 21.

#
(by coincidence, I was drawn in the market draw, and they called today that I won a coffee maker.... Here (myhome) we still prefer to use a cloth strainer. I have to see where I can sell that,..)

[ESG]

~
Why gold price went so high in last two years?

because banks and central banks have been increasing their gold reserves... demand.