Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 1387. (Read 26723411 times)

Source.

Do you can see pumping candle?

what you can see next the end of the day???

Observe $45k

                                                 Happy 15th birthday BTC

      

Explanation
Chartbuddy thanks talkimg.com

ChartBuddy's 24 hour Wall Observation recap.  (A little hiccup, on Bitstamp's end no doubt, around 20:00 UTC)
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Credit to ChartBuddy


Thank you.  I'm glad you find the ChartBuddy recap useful.   

Happy Bitcoin Day.

At exactly 2:10 pm Eastern Standard time on 31 October 2008, the mysterious and pseudonymous “Satoshi Nakamoto” submitted their Bitcoin whitepaper to the Cryptography Mailing List of metzdowd.com, a messaging service popular with cypherpunks at the time. Satoshi used the title “Bitcoin P2P e-cash paper” to describe the concept.

(Cypherpunks were early cryptography pioneers and activists who believed that using encryption for privacy could make the world better).

Mere months later, on 3 January 2009, the Bitcoin network came to life, when Satoshi “mined” the first block, also known as the genesis block.



Bitcoin History
https://www.coolwallet.io/blog/bitcoin-white-paper-satoshi-nakamoto/

Explanation
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I am finding it hard to not throw the last of my available cash into buying more BTC, awaiting a pullback that just never seems enough to buy into.
Next week should be a clanger, whether a marathon to the moon or a deflation of the current eurphoria.

Happy Genesis Block Day

A genesis block is the first block of a cryptocurrency blockchain.

On Jan. 3, 2009, an anonymous developer or group calling themselves Satoshi Nakamoto made history when they released the Genesis Block, the original block containing the first 50 bitcoins, onto Sourceforge. Unlike any of the hundreds of thousands of blocks that came after, Nakamoto left a message in the code of the block： "The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks."

That line comes straight from the headline of a London Times article dated Jan. 3, 2009, which detailed banks being bailed out by the British government.

X


The Genesis Block, also known as Block 0, is the ancestor to which every other Bitcoin block can trace its lineage since every block traces back to a past one.

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>>> https://twitter.com/BitMartResearch/status/1742430829467615511?t=nitz9qBhDLlnRjJsLuEe4w&s=19

LOL. It gets addicting once you start using that ignore button. Before long this place almost starts seeming normal.

It’s nice to see Bitcoin advancing. There really aren’t too many resistance levels between here and the all time high. Things could become interesting quick. I’m very curious how next week is going to go.

IAW
I dont like using the ignore button, but as they say, never say never.

Explanation
Chartbuddy thanks talkimg.com

Does not mention if you send it ie I buy a few pieces of gear from bitmain for 11000.

This will affect my mining distribution pattern.

I had a good month in Dec 2023, I exceeded the 10,000 but it was okay for last year.

Thanks for info.

Explanation
Chartbuddy thanks talkimg.com

I think he's a fucking idiot 🫣
He has been proven wrong time and time again.

Jim Cramer has long been an interesting figure, especially for his crypto-related predictions. It has often become a running joke that most of the statements Jim Cramer has made have been proven false time and time again. The opposite of what he says happens.  

Jim Cramer said in 2003 that Bitcoin was going to go down, but instead, the price of Bitcoin went up.
>>> https://watcher.guru/news/jim-cramer-says-mr-bitcoin-is-about-to-go-down-big

Jim Cramer advised Bitcoin investors to sell their Bitcoins in April 2003. At the time, Bitcoin was worth around $24,000. The following month in March, the crypto market began to steam. Since Jim Cramer's comments in April, the price of Bitcoin started to rise.

>>> https://watcher.guru/news/how-much-has-bitcoin-surged-after-jim-cramer-asked-to-sell

I'm not sure that Nov 2028 and $1M are in our touch...Future prediction. 

well the Oct 2020 to April 2022 time frame was good but a lot of stuff happened :

pandemic
supply chain
China tore the heart 💜 out of the hashrate.
Sbf

I guess a lot of figuring for the future is more or less a guess.

but dec 2017 to jan 2024 is just a bit more than inflation. say 2.3x



of course the early 2020 drop to 3900 to jan 2024 is smoking hot 11/12x move.

so the wrong six years and a month 2.3x
the right three years and 10 months 11.6x

heres hoping to see 11.6x in three years and ten months.

which gets us to 500k by nov 2028 works for me.

Explanation
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Exactly.  I was thinking something like that, but I was having difficulties figuring out how to frame my response.

So in some sense Jimbo, you have pointed out the power of compounding and the power of exponentials, and surely it can be quite difficult to imagine how minuscule the raises seem to be on a regular basis, but when each of the seemingly tiny raises are put together they gain exponential and compounding power, and it is kind of like magic.. even though it is a phenomena that is right in front of our faces.. and surely why so many folks get so obsessed with reducing their average cost per BTC, and even that response to reduce your average cost per BTC is not as smart as the idea of accumulating during dip periods when people are crying, complaining, talking about sub $10k, promoting Ibonds and other kinds of negative ideas, and the quite bitcoin HODLer will frequently pick up some more coins during those kinds of times  or at least not sell as many (and if he has to sell, perhaps temper his selling during those kinds of periods.. which ends up being quite powerful and even supplementary and maybe even off-setting coins that he sold at an earlier date and had considered he was never going to get them back and then all of a sudden he gets a decent portion of them back at bargain prices... like way more than 50% lower than the price he had sold them at... which who can refuse those kinds of bargains.

Another thing could be that if we have 10x, 20x 50x in profits, and we could easily sell 0.21 BTC to buy some furniture or maybe a some kind of a thing that we want, but instead of spending our bitcoin, we find another way to get the same thing or a similar thing (using some of our cash) and then just sell the BTC at some later date when the prices are 2x, 3x or higher than when we were contemplating, "which money should I spend first?" and no it is not necessarily the bitcoin that gets spent first.


Value does not really change as much as price, but there are going to be a bunch of suits and even normies who hold retirement funds and institutions that are going to perceive bitcoin as being more valuable because they suddenly have access to it.. so that will quite likely contribute to its price going up.

Yes, we have seen estimates as high as $1 million per coin in terms of price in 2024.. which surely seems like a stretch to get to that kind of a price.. it most likely would not be sustainable if it reached that kind of a price so quickly... and I am wondering if BTC were to reach $1 million in 2024, then it would become much more difficult for 2025 to be a positive year..

I was kind of expecting that both 2024 and 2025 would be positive years, yet how positive?  it is not easy to determine.

It could be anything.

And then at the same time, it is not likely that it could be anything because bitcoin has its own restraints, even if there is ongoing positive price pressure and currently a lot of FUD and scaring away newbies and even discouraging poor people through the blocking of the abilities to transact with lower fees... but hey, it will all work itself out, and everyone who is interested in bitcoin is going to have to figure out his path, even though some people might have more challenges in regards to the fees than others, and even if we might usually not send too many low value transactions, we sometimes still want to be able to do it without having to pay $20, $30 or more in transaction fees. which makes sending less than a few hundred dollars to seem unjustified in terms of percentage of transaction versus how much of a fee it is going to be.


Figuring out what to do based on comments does not seem like a good strategy.



You probably should be using the term price rather than value, even though bitcoin is valuable and its value does increase with the passage of time, but you really seem to be talking about price... and so if you are investing based on number go up technology, there is nothing wrong with that..

but I would still wonder why get so excited about any specific moves in the BTC price unless you are trying to figure out how to time tops and bottoms... but why would you have to know in advance?  And why would it matter if the UPpity happens this year or next year?


Oh?  You like to talk about feelings?  If you look at bitcoin's history, then why would the feelings be any greater this time around as compared to other times?  There have been at least 4 cycles.. but even when there is a upward trend in price, there can be anxiety within the upward movement, but maybe from your perspective that does not count because it is just the down that counts?  There were people who are able to buy more bitcoin when the BTC price was doing so badly (relatively speaking) between about May 2022 and October 2023... but even with that, there were some good uppity periods even in that price depressed period of time... especially the whole of 2023 ended up playing out pretty positively even though there were periods of uncertainty but really, the doldrums were likely more so between about June 2022 and November/December 2022, but part of the problem in mid-2022, we did not necessarily know about how worse our doldrums were going to get until the FTX matter ended up falling out in November/December.


Bitcoin will continue to be volatile.. it is inevitable and there is a war going on, which is not going to stop.

Bitcoin is already changing the financial system and influencing it in ways outside of its wishes, with some people welcoming such neutral ledger and others not so happy about their own perceptions of losing control, and there is no reason to speculate that bitcoin is going to stop its ongoing and persistent influence of financial systems, even if there are still a lot of folks who consider bitcoin as a confusing thing that could not really have value because a bunch of kids on the internet are talking about it... so it could take a long time for those folks to come around to bitcoin, maybe a couple more cycles, even though bitcoin's adoption continues while some people just keep ignoring it, downplaying it and refusing to make sure that they have a stake in it.. which is not really the members of a forum like this who generally are actively figuring out ways to stock up on it, as best as they can... even though some are distracted by shitcoins and others are trying to trade bitcoin, which seems kind of retarded, but some people, even active forum members, do not realize the power of boring kinds of BTC accumulation techniques that involve ongoing buying and also if you don't earn enough money to figure out ways to earn more and perhaps spend less in order that you are able to increase your BTC stash size in a relatively aggressive way, without going overboard in terms of being too aggressive that you don't end up protecting yourself from overdoing it.


We are not in a mindrust type of a situation.. so you could go in either direction...

not like the mindrust situation that was not so ambiguous.. it was almost obviously not a time to sell.. so in that sense you might need to explain how this is a mindrust situation - beyond just saying that if you sell a large portion of your stash becuase you are expecting down, and then saying it is so obvious that the price is going to pump 2x or some crazy thing like that?  I am still having trouble thinking that we can just breeze into noman's land, which is $55k to $82.5k.. and sure it is possible that we could just shoot past noman's land and then realize that it was not really sustainable to get another 2x from here and then we correct 30% to 40%, which would put us right back at current prices... not sure how long ti would take to play out, but maybe all of this within 6 weeks and then we get a halvening recovery.. I am realy winging it now.. look what you do to me, @philipma.. 


Might be one of your WO brethren.

Perhaps?

Did you show him "the sign?"

 

Explanation
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