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

[JayJuanGee]

Here we go again next stop 9k

Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.

Too much resistance down to $9k.

I don't see it happening.

Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.

Below 9,000$ is still possible, there are 2 scenarios I see on Bitcoin going down. The first scenario is Bitcoin will for a right shoulder with its lowest price at 9,200$, the 2nd scenario is 9,200$ is broken and it will continue to what people are calling the real 5th wave which is around the 4,500$ level. Right now I am just observing the prices as my money is still in Fiat so I am comfortable to what is happening to Bitcoin. Hopefully this will be the last dip of the year as I know a lot of people have stacked up their position by now.

I understand that if the price breaks below $9,200, then you are going to wait to buy in the $4,500 price arena, maybe you would buy above $5k, just to be safe, right?

On the other hand, if the price does not break below $9,200, then at what point would you get back in, if at all?


By the way, you may have already seen my posts on this topic, and personally I doubt that breaking below $9k is going to give you clear sailing down to $4,500 or points just above that because there seem to be pretty decent odds that there is going to be decent support at $8k and $7k... so you gotta get past that support first, in my humble bumble opinion.

We stopped in the $6,100 range the last time around too, so you're definitely right about the additional supports below $9,200.

Yes.. but, at a risk of being repetitive, a nuance of what I am believing to be logical in terms of price momentum is that we have support in the upper ranges, such as $8k and $7k (I don't know exactly where, but those are ball park prices in which support is quite likely); however, if BTC price breaks below a low point, such as $6,666.66, then there is less likelihood to have sufficient support at $6k a second time down to that level. 

I do believe that Harlot has made a decent point that if BTC prices breaks low enough, such as below $6,666, then $4500-ish would become reasonably within reach, at that point.. yet on the other hand, Harlot seems to be asserting that $9,200 is the breaking point which makes little fucking sense since we seem to be quite a long way from $6,666, even if $9,200 were to break, so TLDR (and repetitive point) you cannot necessarily assume that $4,500 is in the cards merely because of a breaking below $9,200. 

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[realr0ach]

BTC price needs to go on a deep dive to shake off all these scum ... who's with me?!

[iCEBREAKER]

All over human history being forcefully disarmed was a synonym of being a slave or a prisoner. Maybe "research" that.

Australia had all their guns confiscated 25 years ago.  They haven’t had a mass shooting since.  And they don’t look like slaves.

Look at Australians' money; you will find the image of their owner and master featured prominently.

Don't be distracted by the velvet glove, remember that underneath there is an iron fist.

This is what a free people looks like:

In the United States, which has an English common law tradition, the concept of a right to keep and bear arms was recognized prior to the creation of a written national constitution.[7] When colonists in the Thirteen Colonies rebelled against British control during the American Revolution they cited the 1689 English Bill of Rights as an example.

McDonald v. Chicago, 561 U.S. 742 (2010), is a landmark[1] decision of the Supreme Court of the United States that found that the right of an individual to "keep and bear arms" as protected under the Second Amendment is incorporated by the Due Process Clause of the Fourteenth Amendment against the states.

[HairyMaclairy]

Why does no one talk about the 20th Amendment.  That’s what a free people look like.

[pera]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I don't think this is "Wall Street", but just the usual volatility of BTC. I think you might be too attached to some numbers that are actually meaningless

Remember that most holders still have no idea what Bitcoin really means, most techies still don't understand how it works or why it works (seriously, check for instance comments on HN, it's hilarious), and the reality is still that most people don't even know Bitcoin at all.

I feel like last year we just reached the Eternal September of crypto.

[JayJuanGee]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I think that we call that being over invested, so yeah, you should have been taken out profits along the way in order that you would not feel like this - yet that is water under the bridge because we cannot go back  and actually do the could have, would have, should have... . The only thing that you can do is act upon the options currently, rather than what you should have done... in order to lessen that the amount that you feel this way.

By the way, I think that we all feel the way that you feel a little bit, no matter what our having had sold some on the way up, because we conclude that we could have sold more and been able to buy back more - however, there are ways to prepare in order that the degree of the feeling does not cause such stress that we are acting on our emotions rather than logic.

[BlindMayorBitcorn]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I think that we call that being over invested, so yeah, you should have been taken out profits along the way in order that you would not feel like this - yet that is water under the bridge because we cannot go back  and actually do the could have, would have, should have... . The only thing that you can do is act upon the options currently, rather than what you should have done... in order to lessen that the amount that you feel this way.

By the way, I think that we all feel the way that you feel a little bit, no matter what our having had sold some on the way up, because we conclude that we could have sold more and been able to buy back more - however, there are ways to prepare in order that the degree of the feeling does not cause such stress that we are acting on our emotions rather than logic.

My lack of planning has been a problem, as you know.

[Elwar]

Why does no one talk about the 20th Amendment.  That’s what a free people look like.

No love is given to the 3rd Amendment. 

[jojo69]

lively evening in the BTC:alt pairs

[infofront]

All over human history being forcefully disarmed was a synonym of being a slave or a prisoner. Maybe "research" that.

Australia had all their guns confiscated 25 years ago.  They haven’t had a mass shooting since.  And they don’t look like slaves.

Look at Australians' money; you will find the image of their owner and master featured prominently.

Don't be distracted by the velvet glove, remember that underneath there is an iron fist.

This is what a free people looks like:

In the United States, which has an English common law tradition, the concept of a right to keep and bear arms was recognized prior to the creation of a written national constitution.[7] When colonists in the Thirteen Colonies rebelled against British control during the American Revolution they cited the 1689 English Bill of Rights as an example.

McDonald v. Chicago, 561 U.S. 742 (2010), is a landmark[1] decision of the Supreme Court of the United States that found that the right of an individual to "keep and bear arms" as protected under the Second Amendment is incorporated by the Due Process Clause of the Fourteenth Amendment against the states.

You're forgetting the most important McDonald dispute:

[BlindMayorBitcorn]

Ok question for the snowbirds. I know you're here. Is Quadrigacx above board? I have no reason to doubt they are, but I've never trusted them before with large amounts.

Above board yes but they have issues lately.

Cash Delivery takes about a week, 3 - 4 days before they send it and they will give you a tracking number that won't even ship for another two days. Like they think you'll be fooled by getting a tracking number.

Don't bother paying the extra fee for express bank transfer, it takes the same time as regular - 8 - 10 business days.

If you have an offshore account find another exchange (my current challenge) They will not send transfers to banks that use an intermediary.

Withdraw to visa is gone
Interac transfer is gone

Fees are high

Fees are definitely too damn high. And the books are all shallow end. Funny the things you learn when you start looking.

[Paashaas]

well heyyyyyy

I'm back in the LTC business...so I got that going for me

Are you buying Litecoin Cash?

[JayJuanGee]

No sir, but I'm preparing myself mentally. I believe I've become too emotionally attached to my investment. And I don't think we'll see $12k this year.

Oh ye of little faith.

I did cancel my sell order @ $12.5k tho.

Gonna chill out for the next few days and see how things are looking Monday.

Mmm. Beer...

I had faith at $400. At $9k I think Wall street is toying with me. I ain't mad at it. But still..

I think that we call that being over invested, so yeah, you should have been taken out profits along the way in order that you would not feel like this - yet that is water under the bridge because we cannot go back  and actually do the could have, would have, should have... . The only thing that you can do is act upon the options currently, rather than what you should have done... in order to lessen that the amount that you feel this way.

By the way, I think that we all feel the way that you feel a little bit, no matter what our having had sold some on the way up, because we conclude that we could have sold more and been able to buy back more - however, there are ways to prepare in order that the degree of the feeling does not cause such stress that we are acting on our emotions rather than logic.

My lack of planning has been a problem, as you know.

Sometimes it can be difficult to fix - and a kind of personality trait... .. but maybe that is a kind of personality trait that makes you so fun (and special) in your own ways, too?   or not? 

Sometimes you can just play your position partially, instead of blowing your whole wadd on your fear in order to achieve the relief that you feel that you need....

So instead of panic selling 100% of your BTC or some large amount, instead you might decide to sell a smaller amount, such as 10% or 15% and then feel better to ride just ride the rest out. 

It can be kind of difficult for us to know from the interwebs without knowing some details, and ultimately, you are the one that has to decide to attempt to pick the approach that best works for you and your circumstances while attempting to continue to learn and tweak your approach so that you can get better at NOT feeling stress, perhaps.

In other words, pee pare ur selfie for DOOM!!!!!!

[moneyForjam]

Even a small topic like why there is an NRA backed ban on research into gun violence would take a long time to do properly, even though on its face it’s a ridiculous law.  What is more anti-science than banning research ?

All over human history being forcefully disarmed was a synonym of being a slave or a prisoner. Maybe "research" that.

Australia had all their guns confiscated 25 years ago.  They haven’t had a mass shooting since.  And they don’t look like slaves.

You do know deep down the 'school shootings' etc are a govt program rolled out to further social agendas like gun control, conditioning etc??

[BlindMayorBitcorn]

In other words, pee pare ur selfie for DOOM!!!!!!

I don't know how to change. All my machinery is set to hodl.

[RoomBot]

In other words, pee pare ur selfie for DOOM!!!!!!

I don't know how to change. All my machinery is set to hodl.

Love me some Badger DIP

Yummy

and cheap.

[mindrust]

well heyyyyyy

I'm back in the LTC business...so I got that going for me

Are you buying Litecoin Cash?

LCash is the tr00 vision of lite-oshi.

[JayJuanGee]

In other words, pee pare ur selfie for DOOM!!!!!!

I don't know how to change. All my machinery is set to hodl.

Maybe you need to provide some more details regarding what brought you to your current HODL status?

When was the last time that you bought and when was the last time that you sold?

Are you 100% "in"  do you have money to buy if it dips?

In my BTC portfolio, I am currently about 93% in BTC and about 7% in fiat, and I feel comfortable with those portions to buy all the way down to $1k and perhaps lower...

Surely, I don't want BTC prices to go down, but price direction is out of my control, and even out of my ability to predict with any certainty.. maybe at times I give up to 60% odds of one direction or another, but even now, I am kind of 50/50 torn about what the fuck is going on here.

So, pee pare ur selfie for either direction, including DOOM..... but not necessarily gonna happen.

Give us something to work with BMB.... What be happening with uie?

[RoomBot]

well heyyyyyy

I'm back in the LTC business...so I got that going for me

Are you buying Litecoin Cash?

LCash is the tr00 vision of Lite-oshi Lite

FTFY

[BlindMayorBitcorn]

So, pee pare ur selfie for either direction, including DOOM..... but not necessarily gonna happen.

Give us something to work with BMB.... What be happening with uie?

My BTC to cash ratio is about the same as yours, give or take. But I'm obviously not as serene about it as you are.