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

[Biodom]

Why is Bitcoin performing so terribly this year in comparison to everything else.

Metals are at all time highs and so are stocks. This isn’t supposed to happen.

The retreat to metals is huge.

One issue is MAGA is pro BTC (and crypto) This means 50% or 45% of adult Americans will be anti BTC (and Crypto)

I would argue BTC (and crypto) should never have become a Maga anti Maga issue. but it has.

So old school Maga people do silver and gold.
and anti Maga people do silver and gold.

this means 75% of adult Americans are not doing BTC (and crypto)

There is more than this obviously but it certainly is true and a part.

Phil - With all due respect I disagree with you on this. I do not think MAGA (pro-Trump) people are anti-BTC and Crypto at all. In fact, if anything I think MAGA, pro-Trump and conservative people are much more likely to be favorable to BTC and Crypto compared to progressives or those with Trump derangement syndrome (TDS). I think older people on both sides of the political spectrum are more likely to do silver and gold vs. BTC and Crypto, but I think even they are coming around with more financial institutions becoming involved and offering BTC investment products in their wrapper. It also helps that BTC  is now being covered favorably and in a higher status in financial news. Politics rarely stands in the way of people's desire for profits and gains. If anything profits and gains can change people's minds about such matters!  

 read it better.

Maga is more for  btc. 60% of them will go for it.
Anti maga hates btc. So 95% of them will go against it.

The issue is btc and all of crypto is not bipartisan. And some maga do not use it. And almost all anti maga do not use it.

So maybe 25-35 % of  people in USA  will use it.

Gold and Silver is bipartisian. Both maga and anti-maga use it.

So 75% of the people in the USA will use it.

What btc and crypto has to do with maga and anti-?
Absolutely nothing in analysis from the first principles.
How is cryptography and decentralization related to a political movement?
A very superficial connection based ONLY on the fact that bitcoin "crowd" was more for T. than for the alternative.
That's not much.
Maybe 15-25% people in US use bitcoin and crypto
I am sure that less than 1% use (emphasis on use) gold and silver.
In fact, i know of no one personally who uses gold (physical gold that is).
How you are even suppose to use it, man?
That is, apart for selling it for cash or making jewelry or dental fixtures.

[cAPSLOCK]

I think Phil is talking about the human aspect of the equation.

First, Bitcoin definitely appeals to the Austrian economic right-leaning type, libertarian mentality. Satoshi himself said it.

And Bitcoin is definitely anti-Kaynesian, and the great priests of the Kaynesian philosophy have been railing against it for, well, over a decade now.  Like that Nobel laureate, fax machine is bigger than the Internet twerp at the New York Times.

So just on that, I think it's been more attractive to people on the right than the left.  However, there are a large minority of people on the left that see the value in Bitcoin's use in things they care more about, like the global south.  As well as people who live under repressive authoritarian regimes.  And the least indoctrinated people that lean left also see the goodness of Bitcoin. I'm thinking of people like Alex Gladstein and Lyn Alden.

But then the other thing that Phil is pointing out is that Trump, prior to his second term, warmed up to Bitcoiners, pardoned Ross, released 400 million shit coins and became one of the largest Bitcoin treasury companies.

That is what I think Phil is referring to that has locked in the Anti-Maga sentiment to hate Bitcoin just on the grounds that he has associated with it.

Also, I think the boomer connection makes sense.  Many people at that stage of life are going to be more trusting of the proven system of precious metals than they might be magical internet money.

I think his analysis was spot on on this.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

Haha, There is no way Anti Magas are against bitcoin, bitcoin precedes that red Hat Cult by a long shot and was created to remove Bankers and has no political agenda and don't let anyone twist you around to being pitted against your
 
bitcoin brothers by any retarded Far right or Left dogma crap that any piece of shit tries to push on you.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

Haha, There is no way Anti Magas are against bitcoin, bitcoin precedes that red Hat Cult by a long shot and was created to remove Bankers and has no political agenda and don't let anyone twist you around to being pitted against your
 
bitcoin brothers by any retarded Far right or Left dogma crap any piece of shit tries to push on you.

I agree.

Bitcoin should be outside of politics.  And any attempts to draw influence over Bitcoiners on the topic of Bitcoin should be met with scorn.

[asUHWEceyc]

Why is Bitcoin performing so terribly this year in comparison to everything else.

Precious metals are at all time highs every fucking day and stocks have been making new highs all year, even today. This isn’t supposed to happen.

If your cohort controlled the money, saw massive, inevitable printing on the horizon, and wanted to maximize continued control and benefit- wouldn't you sponge liquidity from every possible corner by luring and squeezing suckers with run ups while simultaneously suppressing and accumulating the inelastic hard asset?

The holdmybeer rally will come eventually

[philipma1957]

I think Phil is talking about the human aspect of the equation.

First, Bitcoin definitely appeals to the Austrian economic right-leaning type, libertarian mentality. Satoshi himself said it.

And Bitcoin is definitely anti-Kaynesian, and the great priests of the Kaynesian philosophy have been railing against it for, well, over a decade now.  Like that Nobel laureate, fax machine is bigger than the Internet twerp at the New York Times.

So just on that, I think it's been more attractive to people on the right than the left.  However, there are a large minority of people on the left that see the value in Bitcoin's use in things they care more about, like the global south.  As well as people who live under repressive authoritarian regimes.  And the least indoctrinated people that lean left also see the goodness of Bitcoin. I'm thinking of people like Alex Gladstein and Lyn Alden.

But then the other thing that Phil is pointing out is that Trump, prior to his second term, warmed up to Bitcoiners, pardoned Ross, released 400 million shit coins and became one of the largest Bitcoin treasury companies.

That is what I think Phil is referring to that has locked in the Anti-Maga sentiment to hate Bitcoin just on the grounds that he has associated with it.

Also, I think the boomer connection makes sense.  Many people at that stage of life are going to be more trusting of the proven system of precious metals than they might be magical internet money.

I think his analysis was spot on on this.

yep which is why I am selling the silver and buying the BTC as I like to be a bit contrarian.

This silver boost is allowing me to get higher in  BTC fast than I thought I would.

THE ebay sales picked up bigly.

So corn gets added.

I am hoping Silver keeps the run going over 80 bucks an oz and moves into second on the

asset list


 https://8marketcap.com/#google_vignette


its gunning for Nvidia


and feeling the coins in hand.
moving them.
photoing them.
 packing them and sending them off around America reminds me of my early  Ebay years when I sold modded 2005 2006 2007 2008 2009 Mac mini's.

[Searing]

Why is Bitcoin performing so terribly this year in comparison to everything else.

Precious metals are at all time highs every fucking day and stocks have been making new highs all year, even today. This isn’t supposed to happen.

IMHO, a deep recession is coming...in this K shaped economy ...at least among everyone not in the top 10%.

Thus, most small business, people maxed out cc, all escrow out of house....already have 2 jobs as such, rent/food/insurance going up

thus...everyone rich,poor, corp, biz are all over extended

with 70% of consumer spending keeping economy afloat something has to go

first is cash

then btc/crypto

then the walk of shame like 2007 stock market crash to talk to your retirement guy and fess up you sins and 'tweak' such

this usually takes 2 years for everyone (forced with cc maxed or whatever) get their finances togeter..but again usually takes 2 years

then

rinse/wash/repeat

the only thing different is the stock market and AI and such....asset accumulation by the top 1% before officially in a recession

that is new

but that is what happens...everyone else tightens belt and the uber rich (1%) like in 2020 with pandemic it has been shown 5 years later the

bottom 99% lost 1 Trillion dollars and the top 1% gained such

so as far as bitcoin...again...cash goes first then assets..and such....then people with $$ buy assets in bulk ...sometimes land 10c on the $1.00

everyone knows that recession is coming and should be getting assets of any type including btc with extra $$$..but because it is a bubble

and cc rates etc are so high..or job loss or whatever they can't...eventually everyone gets finicially resposible again and the 70% consumer spending and

all that comes back ...but takes time..thus the recession

so using that logic by assets with extra $$$ ie: Bitcoin

but Bitcoin like cash 24/7 dump is the first to go in an emergency...first to recover IMHO...but we shall see

4th or 5th recession ...I think this one is gonna be really, really ugly, at least for the bottom 90% per say in buying power in the USA

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Hoover Depression

Nixon stagflation

Daddy Bush crash Recession

Baby Bush crash Recession

Trump recession to come that he blames on biden



Clinton mini boom due to dot com

Obama slow recovery more debt

Biden more debt and inflation

Kennedy war in vietnam and war on poverty  killed to soon to see if he would have stopped that

Johnson continued vietnam war and war on poverty leaving a mess for nixon.

I left out Roosevelt he walked into a full depression which ended by switching into a full war and he died before it ended.

Truman ended  wwii was not that good in peace time economy.
Eisenhower we had some good money years.

so looking at that list .

Eisenhower and Clinton may have had the best years for the middle class.

and a grand total of ten good years out of the last 98

for the middle class.

pretty terrible. to say the least.

but the rich keep whaling away.

oh well

gold sucks

silver works.

buy low sell high.  do not buy kilos or 100 oz bars.

old poor quality usa coins are great for buy and hold.

this is the third major silver runup I caught.



but if you are not my age say 68 and did not have a fifty oz collection of coins at 18 cost of 300 bucks and sold at  2000 when you were 20 you won’t have the attachment to it i do.

[cmacwuz]

Haha, There is no way Anti Magas are against bitcoin, bitcoin precedes that red Hat Cult by a long shot and was created to remove Bankers and has no political agenda and don't let anyone twist you around to being pitted against your
 
bitcoin brothers by any retarded Far right or Left dogma crap any piece of shit tries to push on you.

I agree.

Bitcoin should be outside of politics.  And any attempts to draw influence over Bitcoiners on the topic of Bitcoin should be met with scorn.

For a normal swath of political Americans, they are pro/anti "crypto" based on MAGA/antimaga. What they perceive  bitcoin or crypto as is nearly entirely shaped by their political entrenchment. I think what we're discussing is that for a lot of mid-late adopters that never understood the ideals of bitcoin are now biased against it instead of just neutral and ignorant. Trump pushing and grifting crypto poisons the image (to the left) and sweetens the image (to the right), and in the end most of those people were not going down a path of understanding, using and respecting the power of bitcoin.

I do not really evangelize bitcoin anymore in public, but I do ask the curious what do they think is going to last longer, the USA or bitcoin? Fun starting point IMO

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

what do they think is going to last longer, the USA or bitcoin? Fun starting point IMO

Cute of you to assume either would survive manmade horrors such as a nuclear holocaust or engineered mirror-life bacteria/viruses (invisible to immune system).

[cAPSLOCK]

I wish you gentlemen (mostly?) a happy Christmas if you observe it.  May 2026 be a good year too!

I wish you all the best.

🎄📉📈📉📈 💨

[Gachapin]

Silver moves up past apple and is looking to top Nvidia

Ain't that just peachy! /s

I'm sure roach is celebrating....

[Gachapin]

Why is Bitcoin performing so terribly this year in comparison to everything else.

Metals are at all time highs and so are stocks. This isn’t supposed to happen.

The retreat to metals is huge.

One issue is MAGA is pro BTC (and crypto) This means 50% or 45% of adult Americans will be anti BTC (and Crypto)

I would argue BTC (and crypto) should never have become a Maga anti Maga issue. but it has.

So old school Maga people do silver and gold.
and anti Maga people do silver and gold.

this means 75% of adult Americans are not doing BTC (and crypto)

There is more than this obviously but it certainly is true and a part.

Phil - With all due respect I disagree with you on this. I do not think MAGA (pro-Trump) people are anti-BTC and Crypto at all. In fact, if anything I think MAGA, pro-Trump and conservative people are much more likely to be favorable to BTC and Crypto compared to progressives or those with Trump derangement syndrome (TDS). I think older people on both sides of the political spectrum are more likely to do silver and gold vs. BTC and Crypto, but I think even they are coming around with more financial institutions becoming involved and offering BTC investment products in their wrapper. It also helps that BTC  is now being covered favorably and in a higher status in financial news. Politics rarely stands in the way of people's desire for profits and gains. If anything profits and gains can change people's minds about such matters!  

 read it better.

Maga is more for  btc. 60% of them will go for it.
Anti maga hates btc. So 95% of them will go against it.

The issue is btc and all of crypto is not bipartisan. And some maga do not use it. And almost all anti maga do not use it.

So maybe 25-35 % of  people in USA  will use it.

Gold and Silver is bipartisian. Both maga and anti-maga use it.

So 75% of the people in the USA will use it.

this will be one of the last human generations that invests heavily in shiny rocks... I'd say enjoy your last few pumps

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com