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

[Gachapin]

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.

alL hAiL tO THe 4 yEArr CyCle

[Gachapin]

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.

*They* might have decided to go into BTC, when it's time to exit the overblown stock market... all onramps are being prepared right now

[Gachapin]

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!"
...

$1M in 2034 might not be more than 200-300k nowadays ...don't be so bearish

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

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.

Sure...$1mil in 2034 sounds cool if inflation stays decent.
I don't have an exact retirement date, put 2034 is "pushing it".

I also believe in premonitions, which, btw, suggest that we live in a game-like block universe where everything already happened.

[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!"
...

$1M in 2034 might not be more than 200-300k nowadays ...don't be so bearish

So, $3M-$5M?

Hmmm... Somehow it feels too much... But if it happens, all the better for us!

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

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.

mine was barely 200% lower than Einsteins so ima super duper genius too

[philipma1957]

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.

Btc is too small and simply can't over come 4 year cycle belief.

Trump and maga will likely  lose power and the left will do an all out blitz  against btc.

I have personally decided to buy the falling knife I got 2 buys today of 0.002 one at 71111 the other at 70789

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Member when 69420 was funny?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

Member when 69420 was funny?

It still is.

[philipma1957]

Member when 69420 was funny?

It still is.

I am 69 years old and I purchased 0.00420 btc today

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[xhomerx10]

Member when 69420 was funny?

It still is.

 

[(BTC)]

Member when 69420 was funny?

It still is.

~homergif

67 is the dumbest meme number I've ever witnessed for any generation. Ever. 69 is obviously funny - b/c sex. 420 is funny - b/c blaze it. "What's 9+10? 21!" is funny b/c it was premium Vine material at the time. Also, 21 is a bitcoin-related number, so it gets a pass. Wtf is 67? It's a damn psyop I tell you. It comes from a really dumb rap song, titled Doot Doot (6 7) where the dude says "6 7" a bunch and throws his hands up and down repeatedly. Now, we have 67 chicken nuggets. Yes, they are real. Yes, they are selling like hotcakes. Yes, it's insane.



$67,000 by the end of the week. Thoughts? 🫠

[Biodom]

Member when 69420 was funny?

It still is.

~homergif

67 is the dumbest meme number I've ever witnessed for any generation. Ever. 69 is obviously funny - b/c sex. 420 is funny - b/c blaze it. "What's 9+10? 21!" is funny b/c it was premium Vine material at the time. Also, 21 is a bitcoin-related number, so it gets a pass. Wtf is 67? It's a damn psyop I tell you. It comes from a really dumb rap song, titled Doot Doot (6 7) where the dude says "6 7" a bunch and throws his hands up and down repeatedly. Now, we have 67 chicken nuggets. Yes, they are real. Yes, they are selling like hotcakes. Yes, it's insane.



$67,000 by the end of the week. Thoughts? 🫠

Agree on 6/7 meme.
Well...Some bitcoiners certainly have a masochistic streak in them.
"Give me more PAIN!"