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

[Phil_S]

At this point we're kinda close to TERA's $6144 prediction, but I don't think we'll cross it.

I shouldn't have said that.

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[Elwar]

In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).

I thank you in advance for your answers.

I am currently in Thailand. The 3 bedroom house I'm staying at costs $400 per month in rent. Shared with roomates you could be spending $200 for all of your living expenses and then food would be about another $1-200 per month.

Cambodia and Vietnam are even cheaper.

I will be going back to Tahiti next week. My rent is around $1300 per month in a house shared with 4 people. Food is incredibly expensive. I usually don't pay attention to prices for food since I don't spend money on hardly anything else so I am willing to spend on the best quality of food. But I glanced at a receipt after going to the store one day and saw that I paid like $20 for a pack of 4 chicken breasts (big organic ones, but still). In the US I usually buy packs of chicken because chicken is so cheap. So I'm definitely spending at least $2k per month there. That's not counting car and expensive gas...I'll likely buy a scooter when I get back.

[Toxic2040]

Good morning all.

A big day it seems. Lots of speculation happening..  I have three things I think are worth mentioning this morning..

1. Today the Fed will issue guidance for a interest rate hike. Should be out in a couple of hours but generally positive news is expected.
https://www.reuters.com/article/us-global-forex/dollar-mixed-ahead-of-feds-interest-rate-decision-idUSKBN1J902I

2. Some interesting data about Tether and its use to manipulate the price of bitcoin and other cryptos. While this seems credible..I would caution that this needs further peer review. Also of note..this is not the best written paper I have seen from an academic. There are several problems with continuity and syntax I spotted right off. ymmv.
https://poseidon01.ssrn.com/delivery.php?ID=295096073027113073065090119101116107055064063038093061070012082027073102081003117023041124051002057017044101120072087031100027017010070089022088094094112018087082125059006082106028007000092107024030017085025127109107118017000105108013080026065066096093&EXT=pdf

3. I can no longer recommend bitcoin as a buy at this time. While I remain bullish in the long term..short term and mid seem to indicate we are going under 5k. I see nothing on the horizon that indicates a rebound upwards is in the making.
While this is probably what is wanted to drive capitulation..I have to report what I am seeing. I sincerely apologize everyone. Being the bearer of bad news I know intellectually its not my fault but it still feels really bad.

I will show charts..they all show indicators at the bottom...meaning the price should be heading north. But its still dropping as market sentiment is in control of pricing.

1h


4h


D

Ok. Here's some despair.

I'm not proud to be asking this question, but...

"Does it look like Doug Polk will lose his bet ?"

- imgs snipped-

Yes.  Yes it does Bob. We are all losers today.  Ahh..tfw you are wrong before you finish your first cup of coffee for the day..  

If it doesn't, I will Jello wrestle you for the amusement of JJG.

Hmm..might be worth propping up the market just to see this...can we get a time frame infofront?  

[Elwar]

In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).

I thank you in advance for your answers.

The US is all over the scale. Rural cities can be very cheap. Big cities are super expensive.

[ssmc2]

The volume will confirm the bottom and we ain't there yet folks.

[ivomm]

June 2022: Everyone is depressed that Bitcoin fell from 200K to 60K. Beartrolls gloat, TERA222 is posting on each page that Bitcoins is going back to 30K. Deja vu!

[LFC_Bitcoin]

Sick of this shit, just try test me bears!

GET THE STRAP !!!!!

[yefi]

Countdown to the first story of someone who commits suicide due to the price drop. Morbid and sad, but you know it's coming.  

If there is anyone out there thinking about it, remember...you have a brain. You can continue to make money in the future. You don't need stuff. Think of it as a fresh start.

This reminds me of the guy who supposedly killed himself due to losing a million in MtGox. If he'd have just accepted the loss and moved on, he'd probably be due around a million from the claims process now.

[infofront]

In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).

I thank you in advance for your answers.

I would say $75,000/year for me would be a minimum. But that's pretty bare bones. I'd have to cut out international travel and lattes.  

[dmwardjr]

Does this occur very often with "images" no-longer viewable by saying "bandwidth exceeded?

[ivomm]

Sick of this shit, just try test me bears!

GET THE STRAP !!!!!

[infofront]

Hmm..might be worth propping up the market just to see this...can we get a time frame infofront?  

Aug. 31 

[Torque]

So I've heard that Goldman Sachs has started a Bitcoin trading desk.

Raise your hand if you think they would kick things off by going long with huge on-exchange market buys?

Or...? 

[kingcolex]

What's this green candle doing on my chart?

[Ludwig Von]

So I've heard that Goldman Sachs has started a Bitcoin trading desk.

Raise your hand if you think they would kick things off by going long with huge on-exchange market buys?

Or...? 

Lol, CME ?

[Neo_Coin]

[Neo_Coin]

[Speculatoross]

In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).

I thank you in advance for your answers.

I would say $75,000/year for me would be a minimum. But that's pretty bare bones. I'd have to cut out international travel and lattes.  

I’m waiting for 1BTC/year to be enough

[Elwar]

All of the Youtubes and professional investors are telling me I should sell.

Has anyone heard what Goldman Sachs is suggesting? If they're saying sell then I'm definitely dumping it all.

[infofront]

In view of a possible -and extended- cryptographic winter, and the comments and advice that have emerged here about stocking up with enough to withstand the winter, I have the following question arises... how much is enough to live on for a year (mainly considering housing, food , and basic services) in their respective contexts? Other places in the world?
I live in Latin America, and I would say that with 10,000 dollars (or even less) one can live comfortably for a year (taking into account that I am young, I live alone, and I consider myself a minimalist person).

I thank you in advance for your answers.

I would say $75,000/year for me would be a minimum. But that's pretty bare bones. I'd have to cut out international travel and lattes.  

I’m waiting for 1BTC/year to be enough

I can't imagine a future where 1 BTC hasn't hit $100,000 by 2022. And that's the unlikely, long term bearish scenario, in my mind.