Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
as for short term price action i suspect a pretty deep correction, looking for ~31K. at the very least a very choppy sideway action for a while. can the price HODL at this local top for 3 weeks untill the ETF aproval? Maybe. but in any case i'm thinking correction (sooner or later) then grinding back.
but maybe i'm just Dreaming looking for a good entery price for what is sure to be an epic year!
but maybe i'm just Dreaming looking for a good entery price for what is sure to be an epic year!
Hopefully, you are not too wedded to the theory of down before up and as long as you are prepared for up before down and/or up before up as well as your down before up preference, then there should not be any problem.
as for short term price action i suspect a pretty deep correction, looking for ~31K. at the very least a very choppy sideway action for a while. can the price HODL at this local top for 3 weeks untill the ETF aproval? Maybe. but in any case i'm thinking correction (sooner or later) then grinding back.
but maybe i'm just Dreaming looking for a good entery price for what is sure to be an epic year!
it is far more likely to go to 48k by jan 1 then your number of 31kbut maybe i'm just Dreaming looking for a good entery price for what is sure to be an epic year!
but if all etf action is not allowed til june or july we will drop in Jan.
and if the ETF is not approve (which i think there is a 10-15% chance of that) that would be hell bearish i'd move my target down to 20K
$20k seems a bit much, but I could see testing $27k or $25k again, and it would have to be pretty bad for $25k to break, including that BTC does not need any ETF in order to have a 4-year cycle and also exponential s-curve adoption based on metcalfe principles and network effects (Trace Mayer variation).
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I like the Green Wallet, and thanks for letting us know they are working on Lightning. Green allows RBF and Coin Control.With the extremely high fees, the time is coming when I need to learn how to use Lightning.
Yes, the on-chain fee size is becoming an issue for small payments. But then again, buying coffee on-chain is like using a chainsaw to cut butter. So yeah, 2nd-layer BTC networks are important, and will be more so in the future. I know (have been reading here and there, and also in WO) that LN has its problems, but I hope they get ironed out and we end up with a robust 2nd-layer network, with the uptime and reliability of on-chain transactions, that's going to be standardized and adopted worldwide as a payment method. Michael Saylor is actively promoting this IIRC, as is Jack Dorsey and other big players out there. And no, LTC won't cut it, as it is just a matter of time (i.e., network load) before it clogs up too. The solution must be by design, not by low utilization.
It is a custodial wallet and pretty straightforward to use to.
I tried lightning on Green wallet (I have a Blockstream Jade) but found it to be a bit cumbersome. It is still in the experimental stage so stands to reason I guess. I am sure it will be my goto wallet for everything btc related once they iron out the bugs.
I am pretty sure that Phoenix is considered self-custodial. See these categories: https://darthcoin.substack.com/p/lightning-wallets-comparison
I clicked on the twatter link above. (my bad)
Then “WHAT’S AHEAD FOR <redacted c word> IN 2024? across screen. <batslappening>
…F*****g idiots. Amirite Jay?
Then “WHAT’S AHEAD FOR <redacted c word> IN 2024? across screen. <batslappening>
…F*****g idiots. Amirite Jay?
You don't seem to be wrong.