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

[Gachapin]

My buy ladder starts at 70789

Did not get to it.

we will be in the 60s soon, don't worry

[Floczy]

Make sure to get an e-bike with a torque sensor especially if it is a high wattage model... even if you have to lower your standard on top speed.

 I did some digging to find a more impartial video on the two types of sensors with demonstrations and explanations:
 https://www.youtube.com/watch?v=y23-iWKqxE4

Interesting information, that will help in making decisions as well.
With what I've seen and searched I support to go for a torque sensor, because it will definitely fell more natural blending with your desired speed as a result of pressure you put it,
Cadence seems more like a constant speed regardless of your desired speed or effort, as long as your paddle it goes on its own speed starting from No.1, and it's seems risky as well, in a busy road you only have to paddle manually to keep cool, no cruse just effort .
I'm actually starting to get interested in getting an E bike too 

[cAPSLOCK]

Saylor has started selling…….



https://x.com/bitcoinmagazine/status/2061418382872781289

So if Saylor was literal about what he said on buying 20 btc for Evey one he sells, we should be expecting a buy pretty soon I guess,

I said I guess because he could change is minde due to circumstances for such a big company, after all he's human, but we should keep high expectations tho

Not quite.

MSTR owns ~850k BTC.
850000/20=42500
42500-32=42468

So Saylor could sell over 3 BILLION USD worth more, and still be a "20x buyer".

He did not say for every one he sells he will immediately buy 20, which would not really make sense anyway?

[cAPSLOCK]

My buy ladder starts at 70789

Did not get to it.

we will be in the 60s soon, don't worry

[cAPSLOCK]

Explanation
Chartbuddy thanks talkimg.com

[AlcoHoDL]

Saylor has started selling…….

https://x.com/bitcoinmagazine/status/2061418382872781289

So if Saylor was literal about what he said on buying 20 btc for Evey one he sells, we should be expecting a buy pretty soon I guess,

I said I guess because he could change is minde due to circumstances for such a big company, after all he's human, but we should keep high expectations tho

Not quite.

MSTR owns ~850k BTC.
850000/20=42500
42500-32=42468

So Saylor could sell over 3 BILLION USD worth more, and still be a "20x buyer".

He did not say for every one he sells he will immediately buy 20, which would not really make sense anyway?

I thought he meant NEW buys. So his ~850k BTC should not count.

"Where we're going, we won't need eyes to see. DO YOU SEE?"

— Dr. William Weir

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Saylor has started selling…….

https://x.com/bitcoinmagazine/status/2061418382872781289

So if Saylor was literal about what he said on buying 20 btc for Evey one he sells, we should be expecting a buy pretty soon I guess,

I said I guess because he could change is minde due to circumstances for such a big company, after all he's human, but we should keep high expectations tho

Not quite.

MSTR owns ~850k BTC.
850000/20=42500
42500-32=42468

So Saylor could sell over 3 BILLION USD worth more, and still be a "20x buyer".

He did not say for every one he sells he will immediately buy 20, which would not really make sense anyway?

I thought he meant NEW buys. So his ~850k BTC should not count.

Perhaps so... but even if that is the case he could keep selling for a long time and then buy the others later.

All of this also assumes what he said actually meant anything at all.

[OgNasty]

The lack of buying that was artificially propping up the market has already taken its toll. He only sold 32 BTC (below his cost average) and the market fell 3%. What happens when he sells a thousand? Probably best for holders to close their eyes until September. The third quarter starts in a month and I’m expecting an ugly one.

Why do people think that Bitcoin revolves exclusively around Saylor and his company? The man has been telling one story for years, and now he's doing something completely different.

In January 2022, with BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell BTC. “Never. No. We’re not sellers. We’re only acquiring and holding BTC,” Saylor swore to Bloomberg. “That’s our strategy.”

Perhaps the reason for the price drop lies in the news that appeared recently.

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday.

The report, in a translated post on the social media site Telegram, homed in on Israel’s military operations in Lebanon against the Iran-backed militia Hezbollah.

“No dialogue will take place” until Israel fully withdraws from occupied areas in Lebanon and stops all attacks in both Lebanon and Gaza, per Tasnim.

Being 100% clear. Saylor was manipulating the market up. This was never going to work. The four year cycle is the reason the price is dropping, not Saylor’s sales and I pointed this out BEFORE it happened when this was actually useful information you could have made a ton of money from. People doubted me then just like you doubt me now. Eventually everyone comes around. See you at the bottom in September.

Making matters worse for Saylor, I read he was selling BTC at a gain, not harvesting tax losses… So this situation is even worse than it initially appeared. He’ll owe taxes and it increases his cost basis. I think he really is letting AI make his investment decisions. Lol

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

The lack of buying that was artificially propping up the market has already taken its toll. He only sold 32 BTC (below his cost average) and the market fell 3%. What happens when he sells a thousand? Probably best for holders to close their eyes until September. The third quarter starts in a month and I’m expecting an ugly one.

Why do people think that Bitcoin revolves exclusively around Saylor and his company? The man has been telling one story for years, and now he's doing something completely different.

In January 2022, with BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell BTC. “Never. No. We’re not sellers. We’re only acquiring and holding BTC,” Saylor swore to Bloomberg. “That’s our strategy.”

Perhaps the reason for the price drop lies in the news that appeared recently.

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday.

The report, in a translated post on the social media site Telegram, homed in on Israel’s military operations in Lebanon against the Iran-backed militia Hezbollah.

“No dialogue will take place” until Israel fully withdraws from occupied areas in Lebanon and stops all attacks in both Lebanon and Gaza, per Tasnim.

Being 100% clear. Saylor was manipulating the market up. This was never going to work. The four year cycle is the reason the price is dropping, not Saylor’s sales and I pointed this out BEFORE it happened when this was actually useful information you could have made a ton of money from. People doubted me then just like you doubt me now. Eventually everyone comes around. See you at the bottom in September.

Making matters worse for Saylor, I read he was selling BTC at a gain, not harvesting tax losses… So this situation is even worse than it initially appeared. He’ll owe taxes and it increases his cost basis. I think he really is letting AI make his investment decisions. Lol

Blaming daily moves on a "cycle" is truly reaching.
We have multiple wars/conflicts going on and AI emergence...yet, you keep talking about minuscule cycle differences in bitcoin production (which is what the cycle de facto is).

BTW, i read something interesting yesterday: remember that 80K btc trade last summer that basically killed the rally, at least mostly...it turned out that that seller addresses got the OP_return message, "claiming" them.
Since during the summer, fears of quantum started spreading, the "guy" got scared that he is being harassed by a "powerful" entity and sold all 80K btc (at $110K per).
Was that scare a part of a cycle as far as cycle causing it?
Of course, not.

A typical logical fallacy of post hoc ergo propter hoc.

Bitcoin cannot survive cycles (in the form of 70% or higher drops) continuation, it is as simple as this.
They have to stop.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

The lack of buying that was artificially propping up the market has already taken its toll. He only sold 32 BTC (below his cost average) and the market fell 3%. What happens when he sells a thousand? Probably best for holders to close their eyes until September. The third quarter starts in a month and I’m expecting an ugly one.

Why do people think that Bitcoin revolves exclusively around Saylor and his company? The man has been telling one story for years, and now he's doing something completely different.

In January 2022, with BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell BTC. “Never. No. We’re not sellers. We’re only acquiring and holding BTC,” Saylor swore to Bloomberg. “That’s our strategy.”

Perhaps the reason for the price drop lies in the news that appeared recently.

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday.

The report, in a translated post on the social media site Telegram, homed in on Israel’s military operations in Lebanon against the Iran-backed militia Hezbollah.

“No dialogue will take place” until Israel fully withdraws from occupied areas in Lebanon and stops all attacks in both Lebanon and Gaza, per Tasnim.

Being 100% clear. Saylor was manipulating the market up. This was never going to work. The four year cycle is the reason the price is dropping, not Saylor’s sales and I pointed this out BEFORE it happened when this was actually useful information you could have made a ton of money from. People doubted me then just like you doubt me now. Eventually everyone comes around. See you at the bottom in September.

Making matters worse for Saylor, I read he was selling BTC at a gain, not harvesting tax losses… So this situation is even worse than it initially appeared. He’ll owe taxes and it increases his cost basis. I think he really is letting AI make his investment decisions. Lol

Blaming daily moves on a "cycle" is truly reaching.
We have multiple wars/conflicts going on and AI emergence...yet, you keep talking about minuscule cycle differences in bitcoin production (which is what the cycle de facto is).

BTW, i read something interesting yesterday: remember that 80K btc trade last summer that basically killed the rally, at least mostly...it turned out that that seller addresses got the OP_return message, "claiming" them.
Since during the summer, fears of quantum started spreading, the "guy" got scared that he is being harassed by a "powerful" entity and sold all 80K btc (at $110K per).
Was that scare a part of a cycle as far as cycle causing it?
Of course, not.

A typical logical fallacy of post hoc ergo propter hoc.

Bitcoin cannot survive cycles (in the form of 70% or higher drops) continuation, it is as simple as this.
They have to stop.

Daily moves? I’ve been saying this since we were at $117K. I’ve been saying four year cycle over and over again and you think I’m worried about daily moves? Daily moves?!?!?!? I cared where the price was in October of 2025 and I will care what the price is in September of this year and I will care what the price is in July of 2029. Everything else is just documenting the ride. The destination is already set my friend and Saylor has no say in it.

[Biodom]

The lack of buying that was artificially propping up the market has already taken its toll. He only sold 32 BTC (below his cost average) and the market fell 3%. What happens when he sells a thousand? Probably best for holders to close their eyes until September. The third quarter starts in a month and I’m expecting an ugly one.

Why do people think that Bitcoin revolves exclusively around Saylor and his company? The man has been telling one story for years, and now he's doing something completely different.

In January 2022, with BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell BTC. “Never. No. We’re not sellers. We’re only acquiring and holding BTC,” Saylor swore to Bloomberg. “That’s our strategy.”

Perhaps the reason for the price drop lies in the news that appeared recently.

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday.

The report, in a translated post on the social media site Telegram, homed in on Israel’s military operations in Lebanon against the Iran-backed militia Hezbollah.

“No dialogue will take place” until Israel fully withdraws from occupied areas in Lebanon and stops all attacks in both Lebanon and Gaza, per Tasnim.

Being 100% clear. Saylor was manipulating the market up. This was never going to work. The four year cycle is the reason the price is dropping, not Saylor’s sales and I pointed this out BEFORE it happened when this was actually useful information you could have made a ton of money from. People doubted me then just like you doubt me now. Eventually everyone comes around. See you at the bottom in September.

Making matters worse for Saylor, I read he was selling BTC at a gain, not harvesting tax losses… So this situation is even worse than it initially appeared. He’ll owe taxes and it increases his cost basis. I think he really is letting AI make his investment decisions. Lol

Blaming daily moves on a "cycle" is truly reaching.
We have multiple wars/conflicts going on and AI emergence...yet, you keep talking about minuscule cycle differences in bitcoin production (which is what the cycle de facto is).

BTW, i read something interesting yesterday: remember that 80K btc trade last summer that basically killed the rally, at least mostly...it turned out that that seller addresses got the OP_return message, "claiming" them.
Since during the summer, fears of quantum started spreading, the "guy" got scared that he is being harassed by a "powerful" entity and sold all 80K btc (at $110K per).
Was that scare a part of a cycle as far as cycle causing it?
Of course, not.

A typical logical fallacy of post hoc ergo propter hoc.

Bitcoin cannot survive cycles (in the form of 70% or higher drops) continuation, it is as simple as this.
They have to stop.

Daily moves? I’ve been saying this since we were at $117K. I’ve been saying four year cycle over and over again and you think I’m worried about daily moves? Daily moves?!?!?!? I cared where the price was in October of 2025 and I will care what the price is in September of this year and I will care what the price is in July of 2029. Everything else is just documenting the ride. The destination is already set my friend and Saylor has no say in it.

Yeah, it's the exact same as saying that bitcoin destination is in the ditch...that's where it is going IF your favorite cycle theme continues.

Saying that everything is set up is an extreme fatalistic position.
Bitcoin has got to be bigger that this 'cycles' idea that for now exist only in the heads of some people.
Nothing else supports it economically, mechanically or financially.

[OgNasty]

Yeah, it's the exact same as saying that bitcoin destination is in the ditch...that's where it is going IF your favorite cycle theme continues.

Saying that everything is set up is an extreme fatalistic position.
Bitcoin has got to be bigger that this 'cycles' idea that for now exist only in the heads of some people.
Nothing else supports it economically, mechanically or financially.

You still don’t believe? I thought you were coming around… I guess there you have it. Lower we go…

Bitcoin doesn’t care about your opinion, Saylor’s buys, the war, or anything else people attribute small daily moves to. It will do what it does and humble those who think they are a bigger force than the four year cycle, just like it is humbling Saylor now by forcing him to sell (in a down market even) when he said repeatedly for years he never would.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[fillippone]

The lack of buying that was artificially propping up the market has already taken its toll. He only sold 32 BTC (below his cost average) and the market fell 3%. What happens when he sells a thousand? Probably best for holders to close their eyes until September. The third quarter starts in a month and I’m expecting an ugly one.

Why do people think that Bitcoin revolves exclusively around Saylor and his company? The man has been telling one story for years, and now he's doing something completely different.

In January 2022, with BTC down roughly 40%, Bloomberg asked Saylor whether Strategy would ever sell BTC. “Never. No. We’re not sellers. We’re only acquiring and holding BTC,” Saylor swore to Bloomberg. “That’s our strategy.”

Perhaps the reason for the price drop lies in the news that appeared recently.

Iranian negotiators will stop exchanging messages with the U.S. through intermediaries, and Tehran will move to fully close the Strait of Hormuz, in retaliation for ongoing ceasefire violations, Iran’s state-affiliated news outlet Tasnim said Monday.

The report, in a translated post on the social media site Telegram, homed in on Israel’s military operations in Lebanon against the Iran-backed militia Hezbollah.

“No dialogue will take place” until Israel fully withdraws from occupied areas in Lebanon and stops all attacks in both Lebanon and Gaza, per Tasnim.

Being 100% clear. Saylor was manipulating the market up. This was never going to work. The four year cycle is the reason the price is dropping, not Saylor’s sales and I pointed this out BEFORE it happened when this was actually useful information you could have made a ton of money from. People doubted me then just like you doubt me now. Eventually everyone comes around. See you at the bottom in September.

Making matters worse for Saylor, I read he was selling BTC at a gain, not harvesting tax losses… So this situation is even worse than it initially appeared. He’ll owe taxes and it increases his cost basis. I think he really is letting AI make his investment decisions. Lol

I was commenting on another thread that the bitcoin being so violently cheap and downperforming every possible other asset, be it a hard one or whatever, is making my head explode.
Please, WO gang, explain to me how BTC can be worth only 0.07M while stocks are pumping like crazy.

[AlcoHoDL]

Cycles or not, I'm almost certain that the price will have exceeded $1M by 2034, which is the year I'm retiring.

How do I know? I can't explain it, and I can't prove it. In the words of Whitney Houston, "I just do!"
__________

"fatalistic"
"post hoc ergo propter hoc"

Today I learned a new word and a cool phrase. Thanks, Biodom.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

Today marks the 100th anniversary of Marilyn Monroe birth. She was and remains one of the most famous and popular actresses of the golden age of Hollywood. She has starred in many films, perhaps the most famous being Some Like It Hot, The Seven Year Itch, The Misfits, Gentlemen Prefer Blondes, River of No Return...

They say that she loved to read and that despite moving over 40 times during her short life, she always carried over 400 books with her. She spent her final months in L.A., Brentwood, the only property she actually bought in her lifetime. In front of the door on the floor there was the inscription Cursum Perficio which means "I'm finishing the journey". Shortly after purchasing the house, she passed away on August 8, 1962.

It is crazy how most people only remember her for her beauty, but she was actually a genius.

Her reported IQ was around 168, which is even higher than Albert Einstein!

She wasn't just a golden age actress; she was an absolute intellectual.

Truly a brilliant mind ahead of her time.

https://www.riotiq.com/articles/famous-people-and-iq/what-is-marilyn-monroe-s-iq

Did Marilyn Monroe ever take an IQ test? No—there’s zero evidence she did. The famous “168 IQ” claim is completely made up. Discover the truth behind the Marilyn Monroe IQ myth.

Just saying.

I took an online 15 minute IQ test and my results were higher than Einsteins. So I think maybe the IQ claims are not all myths. Mine obviously wasn't.