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

[Biodom]

Im refering to the fact of the IPOs we already pass one the SpaceX one and we still have a few more of them ahead when we read the newspapers we can all see they were talking about billions and a lot of people winning but as always they forget from where that money comes and moves, so for me it was pretty clear that BTC and other assets was gonna be harm by this one, i mean a lot of funds are gonna run into this Ipos and from somewhere they have to come and that was a problem for the rest of the system.

That is really crazy. Imagine how much money will flow to Anthropic IPO. Money from everywhere, but I think there still money from bitcoin to move in AI direction....

Not if their models would be continually shut down.
In fact, I think that it is potentially uninvestable.
Who could commit to a particular model only to have it rug-pulled at random?

Additionally, at least in biology, they have multiple cockamamie notions of what we (people) should be or not be allowed to do.
Open source might be the only option going forward.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Bitcoin historically:

" You can't get outstanding gains without similarly excruciating plunges"

Bitcoin in this "cycle":

" You can't get outstanding gains, but you always get excruciating plunges"

^ this has led to the overall disappointment, at least in retail.

Going forward:

1. Cycles are not guaranteed.
2. A large upside is not guaranteed.
3. Commodity trading at least at the cost of production (71.9K, apparently) is not guaranteed.
4. All prior "mathematical" trends are being violated or were already violated. Power law is the last to go; it's currently below the floor, but the time frame is too short for this particular "deviation" to matter, yet.

What's left?

Faith in bitcoin or bitcoin's "manifest destiny"?
It's enough for me, but some other people would get desperate soon.

My conclusion: with bitcoin apparently failing as far as the possibility for masses to save and/or improve their situation equitably and with many $ trillions going to private investors in AI and crumbs to everybody else, the social situation could become affected. No prediction, but the vibes are negative.

[philipma1957]

That is really crazy. Imagine how much money will flow to Anthropic IPO. Money from everywhere, but I think there still money from bitcoin to move in AI direction....

AI IPOs are people rushing to have their wealth destroyed IMO. The money will not be there to flow back into Bitcoin when the bubble bursts.

I think people cheering on down are soft in the head too (unless they've got fiat on standby). We're 50% down from ATH and could do with some stability and maybe even a little up.

Is this current down linked to Trump refusing to sign the bill against CBDCs?

Well I can go more coin . I just grabbed

0.009 and will get more later today

[Richy_T]

remember in early ~1980s films about hackers and computers. like they would type "hack firewall" and it would lol. with appropriate "beep boop" noises. hahaha ... and i would laugh in DOS or bash cli

"OVERIDE ALL SECURITY" has been seared into my brain ever since Superman III was released into theaters.



Extra tricky as that's a misspelling of 'override'.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[BlackHatCoiner]

https://charts.bitbo.io/long-term-power-law/

Rest in peace, Power law.

[vapourminer]

https://charts.bitbo.io/long-term-power-law/

Rest in peace, Power law.

well thats annoying

[Gachapin]

Bitcoin historically:

" You can't get outstanding gains without similarly excruciating plunges"

Bitcoin in this "cycle":

" You can't get outstanding gains, but you always get excruciating plunges"

^ this has led to the overall disappointment, at least in retail.

Going forward:

1. Cycles are not guaranteed.
2. A large upside is not guaranteed.
3. Commodity trading at least at the cost of production (71.9K, apparently) is not guaranteed.
4. All prior "mathematical" trends are being violated or were already violated. Power law is the last to go; it's currently below the floor, but the time frame is too short for this particular "deviation" to matter, yet.

What's left?

Faith in bitcoin or bitcoin's "manifest destiny"?
It's enough for me, but some other people would get desperate soon.

My conclusion: with bitcoin apparently failing as far as the possibility for masses to save and/or improve their situation equitably and with many $ trillions going to private investors in AI and crumbs to everybody else, the social situation could become affected. No prediction, but the vibes are negative.

midterm, BTC will become a pump n dump vehicle for big money...

Good news is we haven't seen the pump yet. retail is not in now, they will advertise it to retail at the top

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

https://charts.bitbo.io/long-term-power-law/

Rest in peace, Power law.

All of these are garbage, none of them have taken derivative dilution into account in any way shape or form.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Biodom]

Well...they played retail in bitcoin and MU, specifically, like a fiddle.

MU: down 20%, up 20%-someone has got extra 40% and someone a few extra grey hairs (not me, though, as I don't have MU).

[fillippone]

https://charts.bitbo.io/long-term-power-law/

Rest in peace, Power law.

well thats annoying

well thats f**king annoying.
Better for us, who can stack more sats now.
But I would like to be on the right side of the story in the short term also, not only in the intergenerational long term only.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

midterm, BTC will become a pump n dump vehicle for big money...

Good news is we haven't seen the pump yet. retail is not in now, they will advertise it to retail at the top

I'm not concerned, we are in a fire sale and the only thing that could scare me now is if Cramer starts yelling buy.

[BTCETFInvestor]

Many are expecting BTC to drop to $55,000, maybe $50,000 or even lower.

If that is going to happen, I say let it happen soon and let's get it over with and behind us.  

I bought more (my way) today. I'll keep plenty more powder dry in case another buying opportunity comes about soon.   

[philipma1957]

well was this a triple low?

or must we really drop to say 48.7k

I would like the blood to stop

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com