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

[ChartBuddy]

Explanation
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[psycodad]

stop buddy, please stop
green must prevail in image
number must go up

[UpTober]

El Salvador, which made waves by becoming the first country in the world to legalize Bitcoin, is now taking a bold step, making Bitcoin education mandatory from grade seven. Teaching children about Bitcoin from grade seven is a sign that they are preparing their future generation to be well-versed in digital finance and financial freedom.
Where most countries in the world still teach children about local banking accounts from a young age, El Salvador is undoubtedly an exception and they are really preparing for the future.

If children are taught about Bitcoin from a young age, then undoubtedly the positive impact of this education on their lives in the future will be seen, such as:
•Children will understand the importance of long-term thinking from a young age and will be able to think in a modern way.  
•Children's thinking will not be only bank-centric, but they will learn to understand how to use their money well even outside the bank.
• Future generations will be more financially independent and they will not keep their thoughts within certain limits, but there are many other positive aspects beyond this.

Those who have always criticized El Salvador's adoption of Bitcoin or various Bitcoin-related decisions may still criticize El Salvador's work as they have in other times, but undoubtedly this decision will strengthen the country's financial backbone at some point.source

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[BitHodlers]

for starters: who are 'they" (see the boldened part)?
Bitcoin and derivatives?
Interestingly, the intervening post actually agreed with the statement that "bitcoin is tamed by the derivatives".
My only retort is: derivatives didn't stop the parabolic run in silver& gold.
The question that follows is: why us ALL the time ...to be f-ed with?
A potential answer: not enough highly placed vested interests...yet.

How do you mean that? Derivatives actually tamed both silver and gold for a very long time, and you can see that a lot more silver. Stopping a parabolic run does not have to mean stopping it forever. If you are supposed to have a run this year due to current demand or market conditions and you are able to tame it and delay it for a year, two, 5, or more. You have tamed the market.

Just because eventually the market finally did go up, that does not mean that it was not tamed. Would you not say that?

[ChartBuddy]

Explanation
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[Lucius]

thanks lucius
btw we got buddy surrounded.

You're welcome - I hope he doesn't get angry now and make a sudden dip to $75k.
By the way, what is his record for consecutive posts?

I suspect that you, Lucius, are hate-wishing for $75k.    

#justsaying
~snip~

$75k or $85k is completely irrelevant to me - why would it matter to anyone who invested in Bitcoin when it was worth less than $1000 and still holds those same coins? As long as the price does not cross $100k again, nobody should get too excited - of course, all eyes are on the US and what is happening there.

[Cyber_warrior]

for starters: who are 'they" (see the boldened part)?
Bitcoin and derivatives?
Interestingly, the intervening post actually agreed with the statement that "bitcoin is tamed by the derivatives".
My only retort is: derivatives didn't stop the parabolic run in silver& gold.
The question that follows is: why us ALL the time ...to be f-ed with?
A potential answer: not enough highly placed vested interests...yet.

How do you mean that? Derivatives actually tamed both silver and gold for a very long time, and you can see that a lot more silver. Stopping a parabolic run does not have to mean stopping it forever. If you are supposed to have a run this year due to current demand or market conditions and you are able to tame it and delay it for a year, two, 5, or more. You have tamed the market.

Just because eventually the market finally did go up, that does not mean that it was not tamed. Would you not say that?

Honestly you do have a point there. Just because gold and silver eventually moved up doesn’t mean the market wasn’t being controlled or tamed. Big players and derivatives can definitely delay a major price run for years so I agree that taming the market doesn’t have to mean stopping it forever it can simply mean slowing things down and delaying what would have happened naturally. But eventually real demand and supply will still take over in the long run.

[d_eddie]

No haiku in sight
Price up or down, meaningless
Epimenides



#haiku

[ChartBuddy]

Explanation
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[ESG]

-Just to confirm, the chances of
 Bitcoin's price going back below 60k
 in the year 2026 are minimal.
 Something like a 5% chance of that happening.

,Every day, i dont know, is shows on my mind,
 that picture of  an tesla, discharged battery  on forests ....

Why are some things persistent like this....

but, 100k this year is not a news.

btc 60k on sale>>>

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

for starters: who are 'they" (see the boldened part)?
Bitcoin and derivatives?
Interestingly, the intervening post actually agreed with the statement that "bitcoin is tamed by the derivatives".
My only retort is: derivatives didn't stop the parabolic run in silver& gold.
The question that follows is: why us ALL the time ...to be f-ed with?
A potential answer: not enough highly placed vested interests...yet.

How do you mean that? Derivatives actually tamed both silver and gold for a very long time, and you can see that a lot more silver. Stopping a parabolic run does not have to mean stopping it forever. If you are supposed to have a run this year due to current demand or market conditions and you are able to tame it and delay it for a year, two, 5, or more. You have tamed the market.

Just because eventually the market finally did go up, that does not mean that it was not tamed. Would you not say that?

Well, if it (gold, silver) went up parabolically, then, in my mind, it is irrelevant if it was 'tamed" or not.

Additionally, I like to think that bitcoin has an agency in a sense that it makes it's "own" choices and shapes it's own future.
If it does not, then it would not be as an attractive investment I thought it is.
Explaining everything by the possibility of "taming" takes away from the perception of agency, at least for me.

bitcoin agency:
a nice concept to think 'bout
while meditating

#Sunday haiku inspired by the @d_eddie Epimenides story

[snowpega]

stop buddy, please stop
green must prevail in image
number must go up

Yeah, this is what we all want. 

Red is not looking too good at this moment.

According to Ploymarket prediction, the price of Bitcoin can dip to $75k by the end of this month.
But if this happen we can buy more...

#HODL

[ChartBuddy]

Explanation
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[ChartBuddy]

Explanation
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[JayJuanGee]

thanks lucius
btw we got buddy surrounded.

You're welcome - I hope he doesn't get angry now and make a sudden dip to $75k.
By the way, what is his record for consecutive posts?

I suspect that you, Lucius, are hate-wishing for $75k.    
#justsaying
~snip~

$75k or $85k is completely irrelevant to me - why would it matter to anyone who invested in Bitcoin when it was worth less than $1000 and still holds those same coins? As long as the price does not cross $100k again, nobody should get too excited - of course, all eyes are on the US and what is happening there.

"People" care.

No haiku in sight
Price up or down, meaningless
Epimenides
#haiku

Of course, through the years, many of us have attempted to build a certain tolerance to BTC price moves within certain ranges, whether that is $75k to $85k or maybe even a bit of a broader potential range.

It is not like we can do much of anything about it, and considering our own place may well affect our perspective.. are we still accumulating?  Are we anxious to sell some bitcoin, yet we are reluctant to do so at these prices?

I have more questions than answers, perhaps?

-Just to confirm, the chances of
 Bitcoin's price going back below 60k
 in the year 2026 are minimal.
 Something like a 5% chance of that happening.

You ongoingly assign ridiculous odds to your expectations of bitcoin's price performance and ongoingly flip-flopping along the way. How can the odds go from one extreme to another within a relatively short period of time?   Maybe you struggle with nuance?   I would suggest that the odds of the BTC price going below $60k in the next 7-ish months are probably closer to 50/50^** rather than being merely 5%.

**By the way, I have to say 50/50 because I have not yet seen enough information to support any theories that we have yet gotten out of "bear season."

[Hueristic]

I made this into a ditty.

"Laws for Thee and not for me brought to you by the powers that be."

[ChartBuddy]

Explanation
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