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

[Ibian]

So I mentioned the other day that Morgan Freeman is an excellent person, and I'm not quite ready to take that back yet. But. Well...

https://www.youtube.com/watch?v=ld0VA7Zzfz4

[1714508152]

1714508152

[1714508152]

1714508152

[1714508152]

1714508152

[BlindMayorBitcorn]

If you told me a year ago China would be 5th in trading volume and we'd be at 3700 I'd have punched you in the face on general principle. But here we are.

What if I told you this time next year Costa Rica will be the centre of the Bitcoin universe and we'll be at 18500? How violent will you get then?
One would hope for broken bones at the very least.

I'd shatter my pelvis on the pavement. On general principle.

[cAPSLOCK]

If you told me a year ago China would be 5th in trading volume and we'd be at 3700 I'd have punched you in the face on general principle. But here we are.

What if I told you this time next year Costa Rica will be the centre of the Bitcoin universe and we'll be at 18500? How violent will you get then?
One would hope for broken bones at the very least.

I'd shatter my pelvis on the pavement. On general principle.

Just so you could buy a diamond infused carbon fiber pelvis to replace it using your bulging crypto hoard.

[BlindMayorBitcorn]

If you told me a year ago China would be 5th in trading volume and we'd be at 3700 I'd have punched you in the face on general principle. But here we are.

What if I told you this time next year Costa Rica will be the centre of the Bitcoin universe and we'll be at 18500? How violent will you get then?
One would hope for broken bones at the very least.

I'd shatter my pelvis on the pavement. On general principle.

Just so you could buy a diamond infused carbon fiber pelvis to replace it using your bulging crypto hoard.

Top shelf pelvis.

[JayJuanGee]

I have the white. So did you just insert the seed of the 1st into the second to use it as a back up?

Sorry, but if a noob with hardware wallets.

I haven't done anything with the second one yet. In fact I haven't even broken the cellophane wrapping and seal on the box. I have it as a ready-to-go hardware backup replacement, should anything happen to the first. I'm gonna just roll the dice and assume that it works.

you can plug the seed from the first into the second in order to verify that the second one works.  You can also erase the second one after you test it, in the even that you prefer to store it as blank.

 I actually have a Ledger Nano S and a Trezor that each have the same seed, and sometimes I look at the interface of one versus the other just to test out features and to figure out whether I have a preference... which so far, I see variation, but I don't really have a preference... although some of the interfaces may be easier on one versus the other.

[ragnar0k]

Head & shoulder coming? Should we brace? (2h)

[YamashitaRen]

That's two shorts I miss, I wouldn't be surprised if this one will happen when I'll be asleep.

[JayJuanGee]

Head & shoulder coming? Should we brace? (2h)

Yeah, wishing #1

That's two shorts I miss, I wouldn't be surprised if this one will happen when I'll be asleep.

Yeah.... wishing #2

[ragnar0k]

Not wishing at all... I am looking forward for the leg up actually
Is just that in the 2h chart I see a big motherfu**ing head and shoulder. I hope it gets out of there...Although maybe a good final fall is what we need right now

[Icygreen]

So I mentioned the other day that Morgan Freeman is an excellent person, and I'm not quite ready to take that back yet. But. Well...

https://www.youtube.com/watch?v=ld0VA7Zzfz4

Wow, can't even trust good ol' Morgan Freeman anymore. His eyes says he doesn't believe what he's saying IMHO.

I cancelled my Trezor order when the hack was exposed to relinquish private keys and balances.  Mostly because I travel a lot and I intend to carry a unit with me. If airport TSA or customs can access keys on the device, I no longer see the use in it.   May prove to be true with other devices later but I ordered the Ledger nano s.  Ships in October, ordered in early August = Bullish!

[Raja_MBZ]

Heading towards $4000 once again?

I don't think so we need to see $3000 ever again... in our lives.

Its time for bitcoin and top-most altcoins to recover, like XMR/ETC/ETH/etc.

[JayJuanGee]

Not wishing at all... I am looking forward for the leg up actually
Is just that in the 2h chart I see a big motherfu**ing head and shoulder. I hope it gets out of there...Although maybe a good final fall is what we need right now

If you put so much credence on technical analysis - for example head and shoulders, then does that cause you to make some adjustments to your strategy - for example buy less, wait, sell a little more, wait?

I will tell you my own BTC portfolio, and that is currently, I am about 94% bitcoin and 6% fiat, so I am feeling a tiny bit overallocated in bitcoin, but that overallocation came, in part from our two downwards corrections of the past couple of weeks.

Surely, I would feel a little bit stressed if prices dip below $2500, or something like that, and then I will say that I should have sold more at $3750 - but it is not my practice to sell in the middle of these kinds of matters or if it seems that we are going down because I only sell as we are going up and buy as we are going down, but in increments - so I don't want to fuck things up by doing the opposite that I am supposed to do, unless it is really clear to me.. and it is almost never clear.. so I feel better just sticking with my system.. and not trying to put too much weight into assertions that are relying on TA.. but really may or may not happen... maybe there is a 60% or a 70% chance that some kind of down will happen.. but that seems way too fucking risky for me to sell another 1% or .5% of my coin, and screw up my system and it ends up that sticking to the original system is working just fine... so if the price goes down I will buy and if it goes up I will sell... maybe I will add a little bit here or there, but does not really seem that clear in order to make any actual meaningful changes to a system that already works well.

[BitcoinNewsMagazine]

So I mentioned the other day that Morgan Freeman is an excellent person, and I'm not quite ready to take that back yet. But. Well...

https://www.youtube.com/watch?v=ld0VA7Zzfz4

Wow, can't even trust good ol' Morgan Freeman anymore. His eyes says he doesn't believe what he's saying IMHO.

I cancelled my Trezor order when the hack was exposed to relinquish private keys and balances.  Mostly because I travel a lot and I intend to carry a unit with me. If airport TSA or customs can access keys on the device, I no longer see the use in it.   May prove to be true with other devices later but I ordered the Ledger nano s.  Ships in October, ordered in early August = Bullish!

Trezor fixed the physical memory access hack in the 1.5.2 firmware update, even for Trezors with an older bootloader. Stop spreading FUD.

[Ibian]

So I mentioned the other day that Morgan Freeman is an excellent person, and I'm not quite ready to take that back yet. But. Well...

https://www.youtube.com/watch?v=ld0VA7Zzfz4

Wow, can't even trust good ol' Morgan Freeman anymore. His eyes says he doesn't believe what he's saying IMHO.

I cancelled my Trezor order when the hack was exposed to relinquish private keys and balances.  Mostly because I travel a lot and I intend to carry a unit with me. If airport TSA or customs can access keys on the device, I no longer see the use in it.   May prove to be true with other devices later but I ordered the Ledger nano s.  Ships in October, ordered in early August = Bullish!

Trezor fixed the physical memory access hack in the 1.5.2 firmware update, even for Trezors with an older bootloader. Stop spreading FUD.

Paper wallets ftw anyway. Probably should split my big wallets into smaller ones at some point...

[ragnar0k]

so if the price goes down I will buy and if it goes up I will sell... maybe I will add a little bit here or there, but does not really seem that clear in order to make any actual meaningful changes to a system that already works well.

I hear you, and usually I do the same... Though this right shoulder makes me greedy XD
I also agree TA is a bit like reading horoscope, let's se what happens, just wanted to hear some opinions (after all this thread is for price tracking )

[criptix]

So I mentioned the other day that Morgan Freeman is an excellent person, and I'm not quite ready to take that back yet. But. Well...

https://www.youtube.com/watch?v=ld0VA7Zzfz4

He will read whatever you put in front of him, but that was just awful  

Heading towards $4000 once again?

I don't think so we need to see $3000 ever again... in our lives.

Its time for bitcoin and top-most altcoins to recover, like XMR/ETC/ETH/etc.

I think 3k has a chance to happen still, once it tops 6k then 3k won't happen

[profitgenerator212]

I second that. BitCoin isn't like 'other' markets.

I can tell you from my experience ...

And I can tell you from experience that whatever you think you know about some canonical market is absolutely inapplicable here.

That is nonsense , of course each market is different, but the principle of mean reversion always applies, especially to currencies.

It's a random walk with some biases that persist which can be used to predict the x+1 datapoint if you were a HFT trader, or even go into the orderbook and play with the tick data. There are plenty of quant tools available to play with that.

In my opinion the bull market is over. And it makes sense fundamentally too. This Chinese ban thing is getting hot and it will have big ramifications in the near future.

You are wrong. Quote this for future reference; bitcoin at a price of $3600 is a good buy.

Sure do that. It's fun to argue with sheeps who go with the flock but money is not made that way.

[profitgenerator212]

Look kid, I have 10+ years of tradin experience, made good money over the years.
I know the market, and this is going down.
By the way it already went down and it will probably continue to go down despite your irrational exuberance, and the countless shills on this thread trying to talk it up. It doesn't work.

Cool story, bro.

Bitcorn doesn't give a shit about your 10+ years of tradin' experience.

Neither it does about yours, especially if your analysis is just drawing a few lines on the chart.

I can always tell which way those with "a lot of trading experience" believe the price of bitcoin will go.

They have all of that experience, they are so great with the market that they failed to see the potential value of Bitcoin and how it would jump to thousands of dollars each.

Even now they don't get it and all of their "experience" still tells them it is worthless, so obviously the price will go to zero. So they can get back to their stocks and bonds.

I didn;t know about Bitcoin in 2009, but I would guarantee you that I would have invested minimum 2500 EUR into BTC if I had known about it. I was always amazed by internet stuff, seeing Youtube, Google and FB grow suggested to me that any cryptocurrency would immediately have huge value.

So I have pretty good insights compared to other "experienced" traders.

Besides I wasn't in stocks or bonds, I was in real estate and agro land.

[BlindMayorBitcorn]

So I mentioned the other day that Morgan Freeman is an excellent person, and I'm not quite ready to take that back yet. But. Well...

https://www.youtube.com/watch?v=ld0VA7Zzfz4

Wow, can't even trust good ol' Morgan Freeman anymore. His eyes says he doesn't believe what he's saying IMHO.

I cancelled my Trezor order when the hack was exposed to relinquish private keys and balances.  Mostly because I travel a lot and I intend to carry a unit with me. If airport TSA or customs can access keys on the device, I no longer see the use in it.   May prove to be true with other devices later but I ordered the Ledger nano s.  Ships in October, ordered in early August = Bullish!

Trezor fixed the physical memory access hack in the 1.5.2 firmware update, even for Trezors with an older bootloader. Stop spreading FUD.

If someone has access to your hardware wallet best to assume it can be compromised.

[JayJuanGee]

so if the price goes down I will buy and if it goes up I will sell... maybe I will add a little bit here or there, but does not really seem that clear in order to make any actual meaningful changes to a system that already works well.

I hear you, and usually I do the same... Though this right shoulder makes me greedy XD
I also agree TA is a bit like reading horoscope, let's se what happens, just wanted to hear some opinions (after all this thread is for price tracking )

No problem.  I like to hear varying perspectives too.  I only start to get a bit grumpy when I see some of the varying perspectives framed as absolutes, especially when they happen to be bearish perspectives...

For some reason I am a bit more tolerant of bullish predictions that are framed as absolutes, such as: too the moon... or we are going up, etc etc..   Go figure!