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

[philipma1957]

another shit day

corn 76.3k down a bit
gold 3942 up a bit
silver   50.49 up a bit
platinum 1448 even

spacex 137.65 up a bit
nvidia 203.50 down a bit

nasdaq 25321   down a bit

all in all I say the calm before the storm.

should be fun to goof on me Tuesday when I am proven really wrong.

I’m seeing silver sales start to pickup again. Seems like people are calling the bottom here.

I purchased more SpaceX stock today. Also grabbed some Amazon. Crazy to think both of those companies are going to be doing trillions in revenue soon.

It’s time for the monthly Bitcoin DCA… Cheers.

FIBT
FBEQ
SPCX

all purchased today.

Still stacking the mine coins

BTC
LTC
DOGE

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

[philipma1957]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

interesting to say the least.

hmm be funny if another big hack happens soon.

do I hear 10 billion!

 going once
 going twice

[ESG]

I don't think Phil is as much as they say,
I think he's a hardworking and dedicated guy..

(duque ai, GPT Image 2.5)

W0W, look at all that DDR5 !!!

Get him !!!!!

-hahaha...nononon...

.... this is him at work, but when he goes home after work rest, OOM is right>

-
-
-

Philip be like Dave:



From https://www.youtube.com/watch?v=RJSkmZPlZ3k

#
 hey Philip, copper is the only one that is different following strong in its micro high...
 the demand for copper is very high....

xcu/usd>


cooper price per Ton>


> https://goldsilver.ai/metal-prices/copper?time=10-years

[OutOfMemory]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

Or Kim is playing it "Putin style"...

[Biodom]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

interesting to say the least.

hmm be funny if another big hack happens soon.

do I hear 10 billion!

 going once
 going twice

I dunno, phil...sometimes you are such a ray of sunshine, lol.

[philipma1957]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

interesting to say the least.

hmm be funny if another big hack happens soon.

do I hear 10 billion!

 going once
 going twice

I dunno, phil...sometimes you are such a ray of sunshine, lol.

it has gotten stupid

the largest company (binance)

    40 million
  570 million
6300 million

tired of having everything in btc

so I have half in.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[goldkingcoiner]

I was hoping for a bigger dump after the hack scare, so that I could buy more Bitcoin. But oh well. 76K is good too. DCA time it is.

In other words, my steak is too juicy and my lobster is too buttery. 

[Hueristic]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

Never heard of a false flag before?

Who in there right mind would keep that amount in hot wallets. Duh

[Biodom]

I am trying to formulate a conjecture below:

Bitcoin was at 63226 on Nov 2, 20221
Bitcoin is at 76,772 right now on Nov 2, 2026.
Roughly 21% up in 5 years, which is about 4% a year.
I know, i know..cycles.

However, 5 year time period is still informative for my "conjecture":

I propose, specifically, that bitcoin's relatively low performance in the last 5 years was due to M Saylor's activities with MSTR and STRC.
Essentially, by issuing a debt security that pays 10-12% yearly, he put an upper bound of bitcoin average yearly appreciation at the same 10-12%.
Why? Because there cannot be any economic perpetuum mobile where he would get more than 10-12% average appreciation in bitcoin and then would be able to issue more and more of STRC, forming an endless pyramid of sorts. No wonder that JPMorgan proposes 10% bitcoin appreciation (per year) going forward.

I am OK with 10% and I am also OK with MSaylor not being able to go "crazy" with his STRC.

That said, if 10% is what we 'should' get, then, maybe next 5 years would be roughly 16% a year to get to the 10% per year across 10 years.
16% a year from Nov 2, 2026 would result in about $161.2 (164K if 10% per year since Nov 2, 2021) by Nov 2, 2031.

I can live with that.

[ESG]

North Korea is denying that the hack was them… I don’t recall them ever denying any other attacks that were blamed on them so this is a little bit strange. Maybe it was enough money that it warranted a response. I also don’t know if you can trust North Korea, but if what they say is true then who out there just stole billions?

Or Kim is playing it "Putin style"...

Paying well, I believe it is not difficult to have a VPN server there...

...
"They allege that Griffith violated the International Emergency Economic Powers Act (IEEPA), which prohibits citizens from exporting goods, services or technology to sanctioned countries without approval from the Treasury Department.
"Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions," U.S. Attorney Geoffrey S. Berman said in a statement."
>
https://en.wikipedia.org/wiki/Virgil_Griffith

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Never heard of a false flag before?

Who in there right mind would keep that amount in hot wallets. Duh

 maybe, to look like something real, the easiest way would be this... or not?
if it was real or not.... I don't know, but it was stolen this amount was,
now by whom... I don't know... who knows?

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

I am trying to formulate a conjecture below:

Bitcoin was at 63226 on Nov 2, 20221
Bitcoin is at 76,772 right now on Nov 2, 2026.
Roughly 21% up in 5 years, which is about 4% a year.
I know, i know..cycles.

However, 5 year time period is still informative for my "conjecture":

I propose, specifically, that bitcoin's relatively low performance in the last 5 years was due to M Saylor's activities with MSTR and STRC.
Essentially, by issuing a debt security that pays 10-12% yearly, he put an upper bound of bitcoin average yearly appreciation at the same 10-12%.
Why? Because there cannot be any economic perpetuum mobile where he would get more than 10-12% average appreciation in bitcoin and then would be able to issue more and more of STRC, forming an endless pyramid of sorts. No wonder that JPMorgan proposes 10% bitcoin appreciation (per year) going forward.

I am OK with 10% and I am also OK with MSaylor not being able to go "crazy" with his STRC.

That said, if 10% is what we 'should' get, then, maybe next 5 years would be roughly 16% a year to get to the 10% per year across 10 years.
16% a year from Nov 2, 2026 would result in about $161.25-164K by Nov 2, 2031.

I can live with that.

Which is why I kept half in.

BTW the bonds I was mocked for grabbing in early 2022 have just about matched btc in that for time frame 2022 to 2026. Basically btc has run out of gas and maybe due to Saylor and his games.

[OgNasty]

Thou shalt not sell Bitcoin outside the fourth year of every cycle.

[vapourminer]

Basically btc has run out of gas

ok proudhon

[philipma1957]

Basically btc has run out of gas

ok proudhon

Tues the 3rd or weds the 4th should be the sign.

Or then again maybe veterans day.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com