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

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[promise444c5]

I’ve only just noticed that ChartBuddy has had a full glow up. Complete with ATH shown and time zones, nice.

Haha you’ve been sleeping on Buddy for the past 2 weeks... Richy_T mentioned it was the reason it’s been double posting earlier

lot of us keep buddy on ignore and just unhide as needed

Ohh.. I guess that’s y he didn’t noticed it..
I hardly use the ignore feature on my end , I like seeing buddy update for both sides

Don't point it out to him, Buddy's such a bitch about it that he'll start spamming again!

Haha.. My bad then

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[blomen]

Soon, everybody will be a millionaire in Dollars, not that they are going to like it, though.

the reputation of the term “millionaire” as we know it is rapidly declining. you can see the difference even if you watch movies and tv series made in the late 20th century. if you watch anything related to drugs, the mafia, or money from that time, you will understand how significant it was to be a “millionaire.”

every day, thousands of new people become dollar millionaires worldwide. while some increase is natural due to population growth, the proportion of millionaires in the total population is also quite high.

perhaps in the future, we'll refer to them as “bit-ionaires” instead of millionaires. maybe that is what we are going to tell a person who has more than a million satoshis, or the ones with a whole bitcoin. whole coiner sounds good.

[philipma1957]

Soon, everybody will be a millionaire in Dollars, not that they are going to like it, though.

the reputation of the term “millionaire” as we know it is rapidly declining. you can see the difference even if you watch movies and tv series made in the late 20th century. if you watch anything related to drugs, the mafia, or money from that time, you will understand how significant it was to be a “millionaire.”

every day, thousands of new people become dollar millionaires worldwide. while some increase is natural due to population growth, the proportion of millionaires in the total population is also quite high.

perhaps in the future, we'll refer to them as “bit-ionaires” instead of millionaires. maybe that is what we are going to tell a person who has more than a million satoshis, or the ones with a whole bitcoin. whole coiner sounds good.

hmm when i was a kid there was a tv show.

https://en.wikipedia.org/wiki/The_Millionaire_(TV_series)


it ran from 1955 to 1960.

my dad was earning about 10,000 a year in 1966. so a million was 100 years pay.


if I had a hundred years pay right now it would be over 10 million but under 20 million.


So for me a million usd is 10 to 20 times worse than when I was a kid.

my first home was 25k my parents and grand parents purchased it for 26k in 1955

that house is now 1,300,000 about 50x the price they paid.

[Biodom]

Soon, everybody will be a millionaire in Dollars, not that they are going to like it, though.

the reputation of the term “millionaire” as we know it is rapidly declining. you can see the difference even if you watch movies and tv series made in the late 20th century. if you watch anything related to drugs, the mafia, or money from that time, you will understand how significant it was to be a “millionaire.”

every day, thousands of new people become dollar millionaires worldwide. while some increase is natural due to population growth, the proportion of millionaires in the total population is also quite high.

perhaps in the future, we'll refer to them as “bit-ionaires” instead of millionaires. maybe that is what we are going to tell a person who has more than a million satoshis, or the ones with a whole bitcoin. whole coiner sounds good.

hmm when i was a kid there was a tv show.

https://en.wikipedia.org/wiki/The_Millionaire_(TV_series)


it ran from 1955 to 1960.

my dad was earning about 10,000 a year in 1966. so a million was 100 years pay.


if I had a hundred years pay right now it would be over 10 million but under 20 million.


So for me a million usd is 10 to 20 times worse than when I was a kid.

my first home was 25k my parents and grand parents purchased it for 26k in 1955

that house is now 1,300,000 about 50x the price they paid.

Another 50-60 years (at most) and a billionaire would roughly equal a millionaire 50-60 years ago...if nothing drastic happens in between.
Just look at the companies: I remember when in 2000 MSFT and GE were at 500 bil market cap and everybody thought that it was a gigantic number for a single corporation valuation.
Now NVDA has an above $4 tril valuation and most people didn't bat an eye.

[philipma1957]

Soon, everybody will be a millionaire in Dollars, not that they are going to like it, though.

the reputation of the term “millionaire” as we know it is rapidly declining. you can see the difference even if you watch movies and tv series made in the late 20th century. if you watch anything related to drugs, the mafia, or money from that time, you will understand how significant it was to be a “millionaire.”

every day, thousands of new people become dollar millionaires worldwide. while some increase is natural due to population growth, the proportion of millionaires in the total population is also quite high.

perhaps in the future, we'll refer to them as “bit-ionaires” instead of millionaires. maybe that is what we are going to tell a person who has more than a million satoshis, or the ones with a whole bitcoin. whole coiner sounds good.

hmm when i was a kid there was a tv show.

https://en.wikipedia.org/wiki/The_Millionaire_(TV_series)


it ran from 1955 to 1960.

my dad was earning about 10,000 a year in 1966. so a million was 100 years pay.


if I had a hundred years pay right now it would be over 10 million but under 20 million.


So for me a million usd is 10 to 20 times worse than when I was a kid.

my first home was 25k my parents and grand parents purchased it for 26k in 1955

that house is now 1,300,000 about 50x the price they paid.

Another 50-60 years (at most) and a billionaire would roughly equal a millionaire 50-60 years ago...if nothing drastic happens in between.
Just look at the companies: I remember when in 2000 MSFT and GE were at 500 bil market cap and everybody thought that it was a gigantic number for a single corporation valuation.
Now NVDA has an above $4 tril valuation and most people didn't bat an eye.

Yeah 8x in 25 years becomes 64x in 50 years.

or close to 3700x in 100 years

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[welovebit]

Explanation
Chartbuddy thanks talkimg.com

Buddy need big jump before 1st September needs to touch $130K. 

[philipma1957]

so i put buddy on ignore.

i am pissed that he has the power to show us numbers like 114k or 115k.

but fails to show us 130.2k or 140k


so I will ignore he or she  or we or us  or them until I see bigger numbers.

as it is I am grinding away with the mining ⛏️ host.

just stacking 0.001 a day every day.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[cAPSLOCK]

Do you guys remember when it was 58k, 58k, 58k? It lasted for several years, I think. 58k.

Well, it just hit me. If we're going to be floating between like 112, and 122, that's right at 2 times 58k.

Think we'll get stuck around 232?

Yeah, I know it doesn't work like that, but perspective is still good.

[JayJuanGee]

what i see? bitcoin climbing the stairs.
the price increases by approximately 10-12% with each step it climbs. perhaps this bull market will be different from the others in this regard. we know that price volatility has decreased and market cap has increased. therefore, we may need to be prepared to change our definition of a “bull market.”

if the price continues to climb by two more steps, we could see an ath between 150-155k.

What is your definition of a bull market that is needing to be changed?

We are in a bull market until we are not, right?

We been in a bull market since about November 2022, yet we might not have had realized it until either mid-2023 or perhaps as late as October/November 2023.

Perhaps at some point, we will go back to being in a bear market?  Yet maybe the bear market is skipped this cycle? Is that your definition of a change in the bull market?

Maybe if the BTC price breaks below the 100-WMA?  or even comes within 25% of the 200-WMA those might be signs of a transition from a bull to a bear market?

I doubt that guys here agree on the definition anyhow.  Some guys seem to think something like a 10% correction constitutes a bear market, and sure others how other definitioins that might have both a quantity factor and a time factor.

For me, I tend to think that going from bear to bull and then from bull to bear could end up having errors so that by the time we might recognize that we had been in a bear market, for example, then we might end up transitioning back into a bull market.  I am not clear in my own definitions except to consider that there is both a time and a quantity element so it might not be easy to know which one we are in during a transitionary period or a potential transitionary period.

[edited out

OOM - Is there anything I can help you with ahead of time to assist in your deeper research?  

Jay - Thanks for the smerit! Pics of my Ham stuff were indeed mine and not fake. Do you want to see my Ham license without my name/address or callsign?  

For some reason I had not seen that I was addressed in this post. 

You don't have to listen to anything that I say.. and surely there is no expectations that guys post information that gives away their OPsec matters, yet if you post something that may either relate to OpSec matters or that maybe you had posted in other places (if that is the story), then you might need to say something about it before some forum member (seemingly OOM in this case) ends up having to spend time searching for the images that you had posted and to see that they had been used in other places.. which may or may not have had been your posts.

We are each individuals with our own opinions (to the extent that we are not bots), and one of the problem for me is that you spent time posting your price gatchet, in a way that seems to have had been an attempt to show a photo that has some time factor or even some factor that it was a photo that was unique (and timely) to you, which you could have had easily done the same in regards to your Ham set up or even to say this is what it used to look like, and this is what it looks like now or some other thing that better explains, and if you already explained and I overlooked it, then I don't claim to be able to catch all things that are posted, and it is possible that I overreacted.. Possible? possible? A lot of times several of us just go based on some level of trust or getting used to the styles of other members, yet if there is something that is posted that raises red flags (and/or the responses seem off), then sometimes the red flags do not easily get resolved.

Geez, Do all newbies have to go through this shit?   Quite a nice welcome!!! 

Sometimes members raise their own shit... and even longer term forum members might get themselves in a pickle from time to time.  Not all newbies go through shit... and sometimes, newbies, or other members will go through short periods of shit, yet they might have had contributed to the level of their shit in terms of their reaction(s)... and maybe some members have more of a victim mentality (and approach) than others which it does not really help the situation and may even contribute to their own worsening of their situation. None of us can really react for another person.. .. or instruct you how to react.

It would not be any fun if all members were to respond in the exact same ways... Sometimes buttons will be purposefully pressed, and some members deal with such button pressing in better ways than others.

[Hueristic]

Do you guys remember when it was 58k, 58k, 58k? It lasted for several years, I think. 58k.

Well, it just hit me. If we're going to be floating between like 112, and 122, that's right at 2 times 58k.

Think we'll get stuck around 232?

Yeah, I know it doesn't work like that, but perspective is still good.

I just think back to Vegeta and have a chuckle during Barts.

[Biodom]

Do you guys remember when it was 58k, 58k, 58k? It lasted for several years, I think. 58k.

Well, it just hit me. If we're going to be floating between like 112, and 122, that's right at 2 times 58k.

Think we'll get stuck around 232?

Yeah, I know it doesn't work like that, but perspective is still good.

cATSLOCK is the name, right?
 

That's said...we were floating at around 25-28K for a while, don't remember 58-well, there was a broad range between 54-70K, but no distinct 58K afair.
My "expected" btc top is still $210-216K later in the year, hopefully, but I might not even take profits then.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[philipma1957]

Soon, everybody will be a millionaire in Dollars, not that they are going to like it, though.

the reputation of the term “millionaire” as we know it is rapidly declining. you can see the difference even if you watch movies and tv series made in the late 20th century. if you watch anything related to drugs, the mafia, or money from that time, you will understand how significant it was to be a “millionaire.”

every day, thousands of new people become dollar millionaires worldwide. while some increase is natural due to population growth, the proportion of millionaires in the total population is also quite high.

perhaps in the future, we'll refer to them as “bit-ionaires” instead of millionaires. maybe that is what we are going to tell a person who has more than a million satoshis, or the ones with a whole bitcoin. whole coiner sounds good.

hmm when i was a kid there was a tv show.

https://en.wikipedia.org/wiki/The_Millionaire_(TV_series)


it ran from 1955 to 1960.

my dad was earning about 10,000 a year in 1966. so a million was 100 years pay.


if I had a hundred years pay right now it would be over 10 million but under 20 million.


So for me a million usd is 10 to 20 times worse than when I was a kid.

my first home was 25k my parents and grand parents purchased it for 26k in 1955

that house is now 1,300,000 about 50x the price they paid.

Another 50-60 years (at most) and a billionaire would roughly equal a millionaire 50-60 years ago...if nothing drastic happens in between.
Just look at the companies: I remember when in 2000 MSFT and GE were at 500 bil market cap and everybody thought that it was a gigantic number for a single corporation valuation.
Now NVDA has an above $4 tril valuation and most people didn't bat an eye.

Yeah 8x in 25 years becomes 64x in 50 years.

or close to 3700x in 100 years

I see your 25 year and 50 year 8x and 64x respectively is predicated on ~8.66% annual growth rate. Is this compound annual growth rate something that is to be expected in future salary increases?

no but it did happen over prior years.

to say it will continue at 7 or 8 or be 15% not 8% is just a guess.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[vapourminer]

Do you guys remember when it was 58k, 58k, 58k? It lasted for several years, I think. 58k.

Well, it just hit me. If we're going to be floating between like 112, and 122, that's right at 2 times 58k.

Think we'll get stuck around 232?

Yeah, I know it doesn't work like that, but perspective is still good.

i like your maths


mucho better than  proudhons