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

[CristiTCM]

It looks like people are selling BCH to buy BTC 

[1715070679]

1715070679

[1715070679]

1715070679

[1715070679]

1715070679

[1715070679]

1715070679

[Paashaas]

Best news of the day;

[jojo69]

ahh yes

there is our breakout, new ATH this afternoon

[AlcoHoDL]

Only 150 € left for Euro-ATH @ Kraken!

The Honey Badger knows...

[Shcirocco]

It's like the bitcoin history in this post.It has reached the incredible post number.waaow  
With this adventure lasting forever.   Good luck everyone

[Coinnosaurus]

Hey guys, maybe someone can make me understand
Do you think we will be able to use BTC in a couple of years to buy for example coffee?
The real question is, the minimum fee we can pay is 1 sat, there is nothing less than 1 sat, right? but if in the next years 1 sat = $2/3, the fee will be as expensive as the thing you wanna buy (coffee). I don't like this BTC = Gold/store of value, I want to use BTC for my everyday expenses.

If that happens, we can always add more decimal points, literally infinite actually.

But first we must fix transaction fees, they are huge.

Torque would not agree with you.

[JayJuanGee]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included).  When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place.  

So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.    a kind of sentimental "happy sad" but true.   

JJG, I'd like to thank you. I've taken a small part of my BTC stash to trade regularly using more or less a version of your laddered buys and sells. It has solved some of my problems of trying to figure out how I want to trade BTC. It takes the thought out of it, and certainly the emotion, which is a killer in trading.

With all the fuddery, flamery, and FOMO in here sometimes, it's still a great place to share information and ideas and learn from each other even if we all don't agree on everything (or anything!)

Sure.  Thanks for the feedback too.  I think that we all have a kind of problem in term of emotion (part of being human I suppose), but if you continue to tweak and play with your system and put it to practice, you will learn a lot about yourself and learn (as long as you are trying) how to create systems that better suit you while remaining profitable and feeling secure.

BTC price increases in this past calendar year have really helped me a lot, too, because once you get a really decent equity, and you are able to make your spreads bigger and bigger (This year I moved from about $20 increments to $250 increments, and seems that the increments are going to get larger in the future - a $250 increment causes a $500 spread, in my current system). 
When your spreads are bigger your amounts and profits seem larger and also your ability to sit back and relax seems to become better too.   

Some people may attribute that relaxed status towards mere price appreciation, but I think that the relaxation is greater than mere price appreciation, because currently, I have buy orders already preallocated more than 65% down, and even a decent reserve of more than 15% of my fiat prepared in the event that prices correct down more than 65% - which seems unlikely,but possible, but having those funds already preset allows a certain level of "set it and forget it."   

[JayJuanGee]

I appear to have mastered the art of selling low and buying high...

it´s the other way around, but i have to admit, it´s not easy !

Even though a lot of people do seem to have a kind of gambling mindset (maybe myself included).  When I talk to people in these forums and even in real life, I find that people kind of gravitate towards all or nothing thinking, but if they really focus on buying as the price goes down and then selling as the price goes up, then buying low and selling high (which is the correct way to do it) just falls into place.  

So personally, I believe it is just a matter of exercising discipline and putting into practice a kind of buying on the way down and selling on the way up and attempting a sort of incrementalism (rather than all or nothing) thinking, and then the not so easy gets trained into you through practice and discipline.. that has been my outcome... and thank you bitcoin for going up in price through out this past two year period to help me out into being successful in various regards and to cause (not selling too much) to pay off really well for me.    a kind of sentimental "happy sad" but true.   

Oh, fk it, i´m trying the contrarian thing, that´s all to complicated for me. Did anybody ever try that?
I´m doing just the opposite, of what everybody else is doing. And sleep at night.
Not a new idea, but maybe it works, and was just overlooked  

Yes... good luck with that approach.  I think that you want to try "contrarian" because you are stuck on a gambling mentality, so hopefully some day you will be able to work through such issues that are going to likely bring you problems - even while you perceive yourself to be living an "exiting" life.    

[RealMachasm]

ATH incoming.
CCMF
Go Carolina

[CristiTCM]

ATH incoming.
CCMF
Go Carolina

Whats with this Carolina joke. i don't get it

[gentlemand]

Whats with this Carolina joke. i don't get it

CCMF used to be Choo Choo Mother Fucker.

Now it's this - https://carolinacountrymusicfest.com/shop/

Took me a while too.

[vroom]

carolina confirmed

[ssmc2]

https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f

Thoughts??

[CristiTCM]

Whats with this Carolina joke. i don't get it

CCMF used to be Choo Choo Mother Fucker.

Now it's this - https://carolinacountrymusicfest.com/shop/

Took me a while too.

maybe because i'm european

[lightfoot]

Im sitting in a business meeting and trying hard not to touch myself......

[pfrtlpfmpf]

Whats with this Carolina joke. i don't get it

CCMF used to be Choo Choo Mother Fucker.

Now it's this - https://carolinacountrymusicfest.com/shop/

Took me a while too.

I thought, it´s : "Closed Case MotherFuckers", But what do i know.

You know the game, where one whispers something into the ear of somebody, and out comes something completely different in the end ?  

[bitcoinPsycho]

time to do a silly happy dance
go bitcoin go    

[AlcoHoDL]

Guys, don't you feel great right now?

Carolina, come to me!

[Karartma1]

https://medium.com/@bitfinexed/the-bitfinex-dilemma-blow-up-now-or-try-a-hail-mary-to-retain-in-business-10b9d989359f

Thoughts??

Bitfinex is not my best exchange, actually I've never used it. I guess if that's true that ain't be good. But we hodlers know  that not to rely on any third parties (unless necessary) is the most important rule.

[rolling]

Why would lightning layer not be for the average Joe? It could be literally without fees if he and Starbucks agree there should be no fees. What would be the incentive for any of sides, he and Starbucks, not to do it?

It is certainly possible and might even happen for a while but you don't need the worlds most secure network to secure coffee funds. Opening a lightning channel could still cost Starbucks or the customer $10-$100 in fees to open or close on the bitcoin network. More likely Starbucks would open a channel with your bank and it's suppliers and close the channel each day, week, month to settle the account.

I disagree. As far as i understood the Lightning protocol, although it's not easy and maybe I'm mistaken, if millions of customers open long lasting channel with Sturbucks there is no need to close all of them to bring funds back to fiat. Lighning channels can transfer the funds between each another, and in the end of the day Starbacks can transfer the funds from all daily transactions to "closing" channel (to call it that way) and confirm all of them from arbitrarily large number of customers with paying one single transaction fee for closing the "closing" channel. I believe they would gladly pay one opening/closing fee for each day, regarding the potential number of transactions.

I don't think opening a channel with Starbucks and every other company you deal with is going to be the most efficient use of LN. If the average Joe does use LN, he will open channels with a bank or service provider like Coinbase. That provider will have open channels with major companies like Starbucks and your employer so that there are payments being made in both directions. The companies are paying out to some people and being paid in by others but only the net difference is recorded to the blockchain periodically. However, most people will just leave their coins with the bank/provider to handle the details so I still don't think the average Joe will use LN. The average person reading this thread might though.