Explanation
Chartbuddy thanks talkimg.com
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 53. (Read 26460339 times)
August 31, 2024, 04:01:15 AM
August 31, 2024, 03:51:27 AM
The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.
This is one thing about the crypto market entirely, today it thrills you putting you on a rollercoaster tide, then the next day or even in minutes it terrifies you almost scaring you to death. At last not every investor get to survive it.Though it gives a scare once in a while to sweeten the relationship, nobody holding Bitcoin has been
August 31, 2024, 03:01:15 AM
August 31, 2024, 02:53:53 AM
The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.
This is one thing about the crypto market entirely, today it thrills you putting you on a rollercoaster tide, then the next day or even in minutes it terrifies you almost scaring you to death. At last not every investor get to survive it. August 31, 2024, 02:01:18 AM
August 31, 2024, 01:01:15 AM
August 31, 2024, 12:01:15 AM
August 30, 2024, 11:56:49 PM
rip anandtech
https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell
anandtech is where i 1st heard of bitcoin
https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell
anandtech is where i 1st heard of bitcoin
Those were the days.
Checking out the first Anandtech article got me thinking about my early super7 days,.. especially the Shuttle "Skywalker" HOT-591P which I used for numerous bang-for-the-buck builds.
This inexpensive little mobo was extremely backward compatible while offering all the latest bells and whistles: USB, AGP, SDRAM and a blistering 100Mhz FSB. Yeah, you still had to jumper it but it was as close to plug and play as you could get in those days.
https://theretroweb.com/motherboards/s/shuttle-hot-591p-1-x
Thanx for the nostalgia.
August 30, 2024, 11:01:18 PM
August 30, 2024, 10:23:34 PM
I am ambivalent on halving effects going forward.
Obviously, this thesis always worked before.
IMho, if bitcoin is flat to down in the next 12 mo, then the halving cycle effect should be considered as diminished if not dead, but until then, it would be very premature to say so already.
We should be somewhat irritated, though, I agree with that.
Somebody/something is f-g with bitcoin, for sure.
However, I already started to think about bitcoin simply as a perfect saving mechanism, irrespective of halvings, as long as it maintains it's core principles: monetary policy of 21 mil max number of coins, predetermined issuance schedule and permissionlessness. If any of these three parameters change, for whatever reason, it would be difficult to gain or even maintain value, imho.
Obviously, this thesis always worked before.
IMho, if bitcoin is flat to down in the next 12 mo, then the halving cycle effect should be considered as diminished if not dead, but until then, it would be very premature to say so already.
We should be somewhat irritated, though, I agree with that.
Somebody/something is f-g with bitcoin, for sure.
However, I already started to think about bitcoin simply as a perfect saving mechanism, irrespective of halvings, as long as it maintains it's core principles: monetary policy of 21 mil max number of coins, predetermined issuance schedule and permissionlessness. If any of these three parameters change, for whatever reason, it would be difficult to gain or even maintain value, imho.
August 30, 2024, 10:01:16 PM
August 30, 2024, 09:42:54 PM
rip anandtech
https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell
anandtech is where i 1st heard of bitcoin
https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell
anandtech is where i 1st heard of bitcoin
first place that helped me with btc. and they steered me to bitcointalk.
August 30, 2024, 09:01:16 PM
August 30, 2024, 08:07:01 PM
rip anandtech
https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell
anandtech is where i 1st heard of bitcoin
https://www.anandtech.com/show/21542/end-of-the-road-an-anandtech-farewell
anandtech is where i 1st heard of bitcoin
August 30, 2024, 08:01:18 PM
August 30, 2024, 07:11:27 PM
~snop
The theory seems to be that friendliness towards bitcoin (and crypto/shitcoins, et al) is more bullish for bitcoin as compared with anticipated ongoing hostility towards bitcoin and crypto. Whether any of those theories are correct is still to be seen.
What could Trump realistically do to give bitcoin a boost? Cut taxes? I have read that the Trump organization is planning their own crypto platform. But this would only be another trash centralized place for trading I guess.
The theory seems to be that friendliness towards bitcoin (and crypto/shitcoins, et al) is more bullish for bitcoin as compared with anticipated ongoing hostility towards bitcoin and crypto. Whether any of those theories are correct is still to be seen.
Guys, guise, guise, guys guys...
You don't have to theorize
Think "unrealized"
early haiku
https://financialpost.com/financial-times/kamala-harris-rattles-tech-elite-tax-unrealized-gains
Kamala Harris rattles Silicon Valley elite with prospect of tax on unrealized gains
Democratic proposal faces long odds but has nevertheless alarmed ultra-wealthy venture capitalists, entrepreneurs and investors
Her current proposal might not affect us directly at this time but this would open the door.
August 30, 2024, 07:01:15 PM
August 30, 2024, 06:42:33 PM
The market is still not tired enough to scare all the weak hands.. Making frustrations also on (very) long term holders.
It's still OK for now. However if we don't see any real break (up) in Q4 2024.. + US elections, and still in this range (or below), which will mean that the alts market would collapse even MUCH more.. well probably ugly to see in that case, and maybe we would have to expect lower targets for that cycle..
During this time S&P500 still at ATH. If stocks market declines after US election or any other bullshit (kamala, recession, wars etc..) what's the probability of a BTC/crypto bull market? probably quite LOW.
So to resume yeah, bears can play few more days / weeks.. but if Q4 has nothing convincing and same/worse than now.. make your own conclusions.
Great post, agree with everything written here. Bitcoin can perform badly throughout summer very often. There’s no reason to really panic, I am just irritated after seeing a new ATH before the halving so I expected a lot higher by this point in the year.It's still OK for now. However if we don't see any real break (up) in Q4 2024.. + US elections, and still in this range (or below), which will mean that the alts market would collapse even MUCH more.. well probably ugly to see in that case, and maybe we would have to expect lower targets for that cycle..
During this time S&P500 still at ATH. If stocks market declines after US election or any other bullshit (kamala, recession, wars etc..) what's the probability of a BTC/crypto bull market? probably quite LOW.
So to resume yeah, bears can play few more days / weeks.. but if Q4 has nothing convincing and same/worse than now.. make your own conclusions.
Traditionally Bitcoin tends to start moving in halving year at Q4. I will be concerned if the price isn’t in the $70,000s at least by the time we hit December. Obviously if Trump gets in then it will be good for the price.
LFC’s irritated eyes firmly on Q4.
Sure, any of us hope for the white whale to rescue us, yet I have my doubts that whales control BTC's price as much as any of us would like to think.
yeah, sure, they are here playing around with the BTC price, but still seems like a BIG so what to me.
We might consider that the bear whales are constantly trying to push BTC's price down as far down as they can get it to go and to hold it down there for as long as they are able to, yet from time to time, they lose their abilities to continue to keep BTC prices down.
The halving effect has become less influential and nobody can really tell when it actually had its effect.
I will believe that the halvening is less influential when I see it. Personally, I have not seen the halvenining to be less influential, and yeah, we have had around 4.5 months of 1/2 of the amount of newly issued coins, so surely the ongoing restriction on such new issuance has some effect.. and we can even say that the prehavening price rise was partly led by ETFs but also partly led by ideas that the halvening was coming.
People are free to write off the effects of the halvening, yet I consider those kinds of presumptions as premature...and let's see where we are at the end of 2025 and if you have some explanation that excludes the "effects (influencialness) of the halvening"
Could be like buy the rumor sell the news and this could be far in advance of the actual halving dates and I think the there is less of a psychological impact these days. Back in the days the halving event was huge and it looks more impactful due to going down 50% from a much higher coinbase transaction. Since it is not so much the case in terms of plain numbers these days, the effect is probably lower as well.
Could be. But I am not going down such presumptive path until I see actual convincing evidence.
What could Trump realistically do to give bitcoin a boost? Cut taxes? I have read that the Trump organization is planning their own crypto platform. But this would only be another trash centralized place for trading I guess.
The theory seems to be that friendliness towards bitcoin (and crypto/shitcoins, et al) is more bullish for bitcoin as compared with anticipated ongoing hostility towards bitcoin and crypto. Whether any of those theories are correct is still to be seen.
Whatever it means though, since he
"... told his 90 million followers on X that he would lay out “a plan to ensure the United States will be the crypto capital of the planet” later on Thursday."
it is likely going to have a relatively substantial effect at least in the short term.
"... told his 90 million followers on X that he would lay out “a plan to ensure the United States will be the crypto capital of the planet” later on Thursday."
it is likely going to have a relatively substantial effect at least in the short term.
Even though Trump is a dweeb in several ways, even irritating to listen to, he has had some pretty solid bitcoin talking points, even though he seems to NOT have too much of an idea about the difference between bitcoin and shitcoins, even though from time to time, he suggests that he knows the difference.
August 30, 2024, 06:01:16 PM
August 30, 2024, 05:16:40 PM
<...>
Seasonality is not good for Bitcoin, actually, in September we are used to go down:
"Wake me up when September ends"
Seasonality is not good for Bitcoin, actually, in September we are used to go down:
"Wake me up when September ends"
yeah but how many Septembers did we get a rate cut from the feds?
2019, apparently, since genesis block:
that chart looks hopeful .
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