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

[nutildah]

PLEASE PLEASE PLEASE FUDSTERS DON'T POST THIS BULLCRAP ANYMORE!!!  

Even if the details and the reasons might be off by a long shot, I do think a correction is coming.

When and how big is anybody's guess, but it is due. No bull run went straight to the top, ever.


In other words

We smell a pullback
coming around the coner
bullcrap or bearcrap?

I always have a spare merit for a good haiku.

[1680117666]

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[1680117666]

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[nutildah]

I spent half the night on RRT3 and I'm going to have to setup a DX8.1 VM for it. I had it running but after adjusting monitor overscan while the game was running the thing went bonkers and won't fire up without detecting directx 8.1. Fucking h8 DX games. I did get through the tutorial as a refresher before the crash though.

That's the one I used to play! It will be worth your troubles. Looking at that screenshot was like getting a distant whiff of crack. I already want to build a steel mill in Philadelphia. Nice company logo.

[xhomerx10]

Longs down, shorts up, that's the way we like to....

 ...duck?

  

[Hueristic]

https://steemit.com/trading/@anonymint/re-anonymint-most-important-bitcoin-chart-ever-20190511t061008384z

yeah this guy was spouting his theories of BTC clearly being a government-designed honeypot with which to trap libertarians into a fully state-controlled monetary environment back in 2014 - 2015. He was going to use his (self-proclaimed) genius-level IQ to design a fully anonymous coin (hence anonymint). Then there was his constant masturbating over spreading of Martin Armstrong's prediction of a complete economic collapse in the third quarter of 2015.

In other words: don't bother listening to this Craig Wright Lite.

He's not a POS like CW, he can see the problems and locate them in a system but seems to be unable to focus long enough to create a solution. I think he has realized there is no global solution so you have to find the correct balance of tradeoffs. Why he wouldn't follow the simple rule of not spamming multiple posts is beyond me, looked like a complex type thing. CW is the GWB of crypto while shelby is a top tier theorist but one that is disingenuous as often as not.

[ivomm]

I don't want to argue about the TA presented here, but just note that on tradingview.com most of the TA suck. Many shorters use this platform to influence the traders and fall for their crap. Will there be 10-80% corrections - sure! Will it be easy to take advantage of it by selling/shorting - No! It is simple math. If you sell now, the rise will continue at least 10% from now with a very high probability. Then you have to wait a long time during which you risk to never see a price at your range. And if you endured this waiting, the best increase of stash you can hope for, will be most probably in the 10% area. So, for anyone with a sound mind is clear that trying to cut off the top is highly improbable. There is only one strategy which will make everyone investing in Bitcoin rich - HODL! I coud have sold at 20K but I decided to wait the higher price which will meet my needs and change my life. Was I sorry I didn't cash out and rebuy at 3k - of course, but nobody knew that we will have such a chance. What we can do is to invest more fiat and BTFD! I was many times since 2017 below my investment point. It was not pleasant, but that feeling is nothing compared to the regret when I missed the increase from 2400 to 4800. I don't want to feel that regret again, so I am not selling until my target price. And even if we crash $1 from my target price, I will endure and wait another year(s) if needed. Speaking of target price, I made a plan what initial portion to sell at what price and what stash to keep after that. I will not let any other opinion, event or my own emotions change that! And when I sell and Bitcoin continues to rise, I won't regret it, because I achieved my goals, and the remaining coins will give me a comfort that I have more profit to take in the future. So far I have profit equal to all 20 years salary before I retire. I intend to buy a beach villa or build a house and to have at least double than my salary will be until I retire. Will I buy lambo or a yacht - probably not (despite my avatar, which is not for the brand but more for the bull logo). I think that moving targets like to buy a lambo can ruin my profit, because my stash is relatively small - below 20. In my country the prices are cheap and I can save half of my salary, although it is 10 times lower than the rest of the world. Anyway, BTC is my only hope. So my advice for anyone, including shorters/nocoiners is only this -buy, wait and be patient. Your patience will be rewarded!  

[El duderino_]

 

8k weeeee

8035 wee!!



https://en.wikipedia.org/wiki/Gasherbrum_II

8078 weeeee


Soon.... Super Weeeeeeeeeeee

[mindrust]

...Speaking of target price, I made a plan what initial portion to sell at what price and what stash to keep after that. I will not let any other opinion, event or my own emotions change that! And when I sell and Bitcoin continues to rise, I won't regret it, because I achieved my goals, ...

I was actually going to post something similar to your post today, explaining my strategy but then some shit came up and forgot about it.

That's also what I do.

Set a target, keep accumulating as it goes down up and sideways (DCA), buy the dips if possible, reach your target, dump away. There are 2 possibilities may play out after that:

a) It goes up you get stuck on the FIAT side, but it doesn't matter since you already have  shitloads of money which'll cover your ass no matter how high bitcoin goes later. You won't be missing much.

b) It goes %80 lower, so you can reinvest in some cheap coins with %25 of your profits. Rinse and repeat.

I believe as long as you set your target networth at something between $500k and $1m. You are in the safe zone. FIAT may become worthless in the next 10 years but $1m today still can unlock you many possibilities.

Don't bother with selling if you are going to get anything less than half a million imo. That's how I see it.

[ivomm]

...Speaking of target price, I made a plan what initial portion to sell at what price and what stash to keep after that. I will not let any other opinion, event or my own emotions change that! And when I sell and Bitcoin continues to rise, I won't regret it, because I achieved my goals, ...

I was actually going to post something similar to your post today, explaining my strategy but then some shit came up and forgot about it.

That's also what I do.

Set a target, keep accumulating as it goes down up and sideways (DCA), buy the dips if possible, reach your target, dump away. There are 2 possibilities may play out after that:

a) It goes up you get stuck on the FIAT side, but it doesn't matter since you already have  shitloads of money which'll cover your ass no matter how high bitcoin goes later. You won't be missing much.

b) It goes %80 lower, so you can reinvesnt some cheap coins with %25 of your profits. Rinse and repeat.

I believe as long as you set your target networth something between $500k and $1m. You are in the safe zone. FIAT may become worthless in the next 10 years but $1m today still can unlock you many possibilities.

Don't bother with selling if you are going to get anything less than half a million imo. That's how I see it.

We are on the same page! My target networth is between $600k and $1.2m. It depends how long it will take to get to the target prices. I wish I had several more coins to make the first sell near 20K, but I don't. So, I will have to wait for the 50K-100K range. Of course, it won't be easy to get there but I have no doubts that in 1-5 years tops we will be there.

[infofront]

The other resistance levels on filbfilb's other chart has been broken. That points us towards $80k levels in 6 months. (by the end of this year) That is a price point which is going to make everybody happy hopefully.

How crazy is that?

This is a best-case early scenario for me. This would assume that the market is aware of the impact on price and an advance would begin c.12 months ahead of the halvening. Miners will likely begin restricting supply on the basis the can sell later as scarcity increases and the risk premium on holding has reduced. A coupling of speculative demand in the market and a supply side restriction would push prices early than historically as there is now more savvy investors in the arena, as well as natural advancement of interest in crypto although organic growth in crypto will naturally have been affected by the bear market.

Fundamentally I could see an outcome of a Bitcoin price reacing out towards $100k but strongly suspect that will not be achieved due to investors starting to cash out before the psychological resistance. One thing to support $100k however, would be the linear regression mean suggests a 100k$ btc c. May/june 2020. (again see chart attached). Another realistic factor that could pull this forward would be an ETF announcement which would likely spark a much earlier hype cycle and could frankly completely change the outlook of this chart.

https://www.tradingview.com/chart/BLX/LGfs4PUa-Bitcoin-A-Long-Tern-Market-Analysis/

[toknormal]

....you got it the wrong way around. bitcoin would be in much better shape by all metrics if there were no shitcoins. they provide no utility, they are scamming people, they keep good devs busy because every week there is a new shitcoin that needs to be implemented, they get marketed as "the better, faster, newer" bitcoin...

Did you by any chance go to guy's school ?

[JimboToronto]

A gorgeous good morning Bitcoinland.

$8k is holding like a charm despite a nice correction and a couple of minor ones... currently $8055USD/$10845CAD (Bitcoinaverage).

Hopefully we Canadians will never see quadruple digits again. More digits please!

Soon every WO may have quit their day job just to dedicate more time to Pumping it and celebrating on WO. If we are going into the new paradigm, it has to be a way of life, not a hobby

Some of us are already there.

I call it living happily ever after, just like in a fairy tale.

Thank you Bitcoin for allowing us to script our own fairy tales and happy endings.

[toknormal]

Right then, has Satoshi been announced yet ? I didn't sign up for the "unveiling" but the countdown is at zero I think.

Is it actually Barry Silbert promoting a new brand of honey coated oven chips ?

[vapourminer]

In light of the Whatsapp incident, and the millions of privacy issues with phones. let me plug these guys.

https://puri.sm/products/librem-5/

Any privacy conscious bitcoiner (who will soon have plenty of disposable cash) should be buying this as their next phone.

this why i dont use any of that social media crap. if its important, they will call me. if its not important, i dont care about it.

i did have to actually make a facebook account last year to communicate with a step sister about some estate stuff as she has no smart phone. put in my name and birthdate and that was it, turned everything off that i could find. it lets me use messenger on the computer to communicate with her. soon as she gets a smartphone i am deleting it. my email inbox has hundreds of emails from facebook stating you should review so and so and all sorts of crap. i just ignore it all unless it mentions my step sister.

on the phone facebook (preinstalled) has been permanently disabled along with a dozen or so other useless social media apps.

kinda funny about me actually making a facebook account.where i used to work everyone uses Facebook. one person even got fired as she called in sick and on facebook she posted pics of her at a party that day. brilliant heh. anyway i told everyone one when i left that if they ever get a friend request from "me" is a fake.

[Globb0]

[toknormal]

Dumperoo. I must have been right about Barry Silvert's oven chips.

[Yaplatu]

 

[d_eddie]

I believe as long as you set your target networth at something between $500k and $1m. You are in the safe zone. FIAT may become worthless in the next 10 years but $1m today still can unlock you many possibilities.

Don't bother with selling if you are going to get anything less than half a million imo. That's how I see it.

I think it's easier to pull off with a bit of graduality.

[serveria.com]

Dumperoo. I must have been right about Barry Silvert's oven chips.

Bitcoin is still in the green but some are already calling this dump? Wow just wow

[kronos123]

The dump will arrive sooner or later, that's for sure; the doubt now will be where will it stop ?

Hardly anyone thought of seeing Bitcoin at $ 8,000 30 days ago, and many expected the old minimum or even new.

Now almost everyone says it will never go below 5000/6000 $! what will Bitcoin do instead

[Gyrsur]