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

[ivomm]

Sorry to interrupt, but can someone please let me know if I should be panicking at this point, because, TBH, I'm seriously, SERIOUSLY thinking of just tuning out anything Bitcoin related until after the halvening and just focus on IRL stuff for a while.

Think I'm finally finding a good IRL routine that is keeping me somewhat entertained and productive. Starting to really get the hang of this retirement thing.

Watching Bitcoin tank like it is, just makes me sad. I don't need it until 2021-ish anyway...

Bah. Someone hold me. No homo.

Tune the fuck out.  You don't seem to be able to handle it anyhow.  These are normal BTC price movements, including 20%, 30% and sometimes even 50% corrections during a bull market, and you keep wanting to panic from these kinds of normal BTC price movements.

Yeah, Bob chill out man. You’ve been through a couple of bitcoin cycles now so you know what to expect. I’m the same, I panic sometimes but look at the bigger picture. You’re already independently wealthy, I can promise you that you’ll be a lot richer at the end of 2021. Everything before then is just noise. The halvening will do what it always does - Limit the supply & with increased demand comes higher prices.

Moon by the end of 2021!

Smile!

hodling btc is not easy. especially when you doing for years and years. seems to me that lots of hodlers (including myself) from time to time get really stressed out about it. the volatility. the FUD. waking up in the morning and you need to check charts on mobile to make sure you did not get broke overnight. almost no one to talk to about it, except the brotherhood of WO. msmedia painting btc as "terrorist/drug money". all the scams. all the shitcoins. how much is enough? hodling is a 24/7 job and it does not forgive weak moments. it changes the hodlers mind.
bob, you did everything right. be proud.
stay strong folks.

That's what I was talking about. For me 600Watt is a true inspiration of a resilient hodler. I gave my last 2 merits! I suffered the same hardships for the last 2 years. I learned quickly from my early mistakes and then I endured hodling in 4-5 cycles of profit/loss. And I don't feel the need to have fiat as an insurence to keep me calm. Yes, I check the price a bit too much, but I don't get too excited when the pumps/dumps occur.  Now I have some profit which I sacrifice for a profit that will meet my life changing needs. One day. I hope. Nothing else can give me such a big hope to become a millionaire. Not my work, not the lottery for sure. With my modest income I catched the last train. For this purpose I need only to stick with my personal strategy to invest until I start cashing out the corresponding coins with 10x+ profit. (I am not saying that in 10x I will be a millionaire. It's just that I can build a big house and live a normal life with the profit.) Nothing less works for me. And not even one attempt to increase my stash by trading, because it can destroy my plan. No need for that!

[mindrust]

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for lower prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

I believe this is the result of overinvesting in BTC. You can't stand to hear any negative news and your excuses are complete non-sense. Just like serveria you are getting too emotional even when you hear the smallest possibility of a small correction.

Charts don't lie.

The possibility of a correction to $7.5-7.6k still do exist.

All it takes a sudden move to below $9.2k and bam next thing you'll see is sub $8k. Just like the opposite can happen, if we are able to break $12k, it will be $14k next.

This has nothing to do with FUD'ing I think you need to chill the fuck out. (and I am being polite here)

[El duderino_]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

I do share many ways of thinking as you do....

But especially the one where people have been through a bitt of ruff periods and came out of it HODLing, here I think you must have made a decision, of you are a believer or you think its not to stay.....

So the only real disagree I have with some people is, if they had some spare cash, why didn't they went full buying into the 3-4-ish area's, why always in need for the conformation of a few 1000-bucks up before buying

When we where at 3-4-ish wasn't this the most beautiful event that did happen (if you are a true BTC'er) ??
At those previous prices I thought wtf people can't get greedy here and really mean 1.5-2-ish then I buy there I really was amazed that some people prefer buying at 6-7-8-9-10k-ish prices instead of the months we where that 3-4k-ish low

off-course i'm not a trader and I probably miss some rational thinking ??.....

I was very lucky I just got my first BTC very easy and that people outside the forum and later on at this forum guided me through the whole BTC process very nicely

[600watt]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

ivomm, i mostly like your posts. but here, regarding mindrust and lambie, you went on the wrong boat. it is a bit weird to suggest seasoned hodlers like mindrust they need to change their thinking.
re read his posts, i don´t think he is a bear at all. let´s not get into strange fights, we are in the same team. please consider to apologize and let us move on.

[El duderino_]

^
I do believe as well they are good hodlers, just wanna talk there possibilities and wanna hear what other long-period BTC'ers think of there way of thinking and market behavior etc

BTC still is a very unknown thing where lots and lots of talk and thinking around is needed

I also think a few bucks lower of price thinking ain't gonna affect any of the real WO-members in here .....

[BitcoinGirl.Club]

Good morning WO!
Observing @ $10,420

We are still moving sideways.

[BitcoinGirl.Club]

I also think a few bucks lower of price thinking ain't gonna affect any of the real WO-members in here .....

When the price went down from $20k to $3.2k, most of the WO brothers still holding their coins tight so, talking about few bucks lower is not a very big deal.

Bitcoins are always Bitcoins.

[Cryptotourist]

At those previous prices I thought wtf people can't get greedy here and really mean 1.5-2-ish then I buy there I really was amazed that some people prefer buying at 6-7-8-9-10k-ish prices instead of the months we where that 3-4k-ish low

off-course i'm not a trader and I probably miss some rational thinking ??.....

There is a simple explanation for that (not the greedy part).

Myself for example, went all-in with all the available fiat to me, at the beginning of the year.
But since then I have more fiat available, looking to flip them also for BTC.
DCA-ing is cool & effective, but I'm referring to the all-in FOMO move - before we leave the stratosphere for good.

[ivomm]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

ivomm, i mostly like your posts. but here, regarding mindrust and lambie, you went on the wrong boat. it is a bit weird to suggest seasoned hodlers like mindrust they need to change their thinking.
re read his posts, i don´t think he is a bear at all. let´s not get into strange fights, we are in the same team. please consider to apologize and let us move on.

I disagree. Lambie said multiple times he expects a drop to 4900. And during the long 3 months climb he constantly said he is short term bearish. He was not right. He was hoping to buy at these levels but he will remain with the hope. The same applies for mindrust. He said he expects a drop to 7.5-8K, when he will enter with big money. Again, he will remain with his hopes. Such thinking is immature, no matter how long they hodl. I respect them, but this thinking may prevent them from realizing big profit. And if they post numerous times how they believe this will happen means something more for me: FUD.

[Lambie Slayer]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

Did you read my last response to you? Im glad you are learning fast and salute your hodling and bullishness.  

I like that you have quickly developed mental resilience, hopefully you are almost all in like me and stay away from shitcoins. I dont know bc you never answered my question earlier.

I agree in spirit with your sentiment about developing mental resilience when it comes to hodling.

I came into Bitcoin with a resilience to never quit and risk it all which was developed during 7 years of being an entrepreneur.  When it comes to risking everything Bitcoin was not my first rodeo. I suspect most everyone on WO is a heavily seasoned risk taker and most were taking big risks in life before Bitcoin was ever invented. Becoming the new financial elite isnt for the feint of heart! Roach is probably the biggest risk taker of all with his worthless bags of metals JK roach, they are worth a lil bit.


I showed resilience on both ends of the spectrum. I was prepared for my coins to go to zero and not throw in the towel when we hit the 2015 low and my life savings had seen a massive depreciation. Didnt sell a coin. When I hit what to me was lifetime independent wealth status in August of 2017 I still didnt sell a single coin.

True resilience will come to you when a bearish post from an uber bull like me doesnt feel like propaganda trying to induce you to sell sorry for taking a little jab at you buddy, its all in fun and in my nature. You will be happy to know that sometime in the next few months I will go into full on bull propaganda mode and every one of my posts will soothe your most bullish impulses.  

[Lambie Slayer]

Naaaah you good man (@mindrust)

Keep speaking your mind/thought cause thats why we are here for

And if people would think wrong or wouldn’t like what you think, Then thats there problem!

Of course, Mic, nobody is forbidding anyone from speaking. Obviously not even neo-nazis like r0ach, unfortunately. But there are people who may be tempted to use their reputation to imprint fear in the others (which is a definition of FUD). How we can recognized it? If that person starts with something like "Bad news" when there is no news, or makes a bearish predicition which he repeats... I don't know, may be 10 times or more in the last 6 months. And if he openly admits that he missed the oportunity to buy at some price. Then it is obvious to me that we should not be influended by his dramatic chart analysis. That's all.

May be they are wonderful persons in real life, but not everyone is so good like you Mic to give prizes and encourage others with the best possible advices. I've became a convinced hodler because of people like you, JJG, 600Watt, LFC Bitcoin, etc.... I mean, my ideas, education, understanding about Bitcoin meet completely theirs. Not because I believed the gloom and doom predictions. So my mission is to say openly the truth and encourage all to turn their back to the panic selling or waiting for unreal low prices because of trolling, FUD, etc.

And as for lambie and mindrust, I believe they need some time to develop the right thinking. In this respect I said they are new to the Bitcoin world. Others learn faster. I needed only 10 months in the midst of all the fork and Chinese ban drama to develop my thinking and mental resilience both in losing and winning periods. But not everyone is the same. The problem is that the time is limited. And if someone is on the wrong track, soon he will miss the last oportunity for a massive profit.

ivomm, i mostly like your posts. but here, regarding mindrust and lambie, you went on the wrong boat. it is a bit weird to suggest seasoned hodlers like mindrust they need to change their thinking.
re read his posts, i don´t think he is a bear at all. let´s not get into strange fights, we are in the same team. please consider to apologize and let us move on.

I disagree. Lambie said multiple times he expects a drop to 4900. And during the long 3 months climb he constantly said he is short term bearish. He was not right. He was hoping to buy at these levels but he will remain with the hope. The same applies for mindrust. He said he expects a drop to 7.5-8K, when he will enter with big money. Again, he will remain with his hopes. Such thinking is immature, no matter how long they hodl. I respect them, but this thinking may prevent them from realizing big profit. And if they post numerous times how they believe this will happen means something more for me: FUD.

Ok, you wrote this while I was typing my last response so I have to address it to. I said I believed it could not go lower than 4900, thats a lot different than saying it will go there. I do think there is a solid chance for a drop to around 8k in the next month or two and yes I will deploy a fairly large amount of fiat there if it does, but it would only take my net worth investment in bitcoin from about 90 percent to about 95 percent. I will make a huge profit either way if Bitcoin succeeds. I dont think you are reading my posts, because I have made this abundantly clear multiple times.

I am not trying to get you to sell. If you havent reached independent wealth status you should sell nothing imo. If you like Ill put a little note at the bottom of all my future short term bear calls that Ivomm should under no circumstance sell his coins

[Cryptotourist]

I disagree. Lambie said multiple times he expects a drop to 4900. And during the long 3 months climb he constantly said he is short term bearish. He was not right. He was hoping to buy at these levels but he will remain with the hope. The same applies for mindrust. He said he expects a drop to 7.5-8K, when he will enter with big money. Again, he will remain with his hopes. Such thinking is immature, no matter how long they hodl. I respect them, but this thinking may prevent them from realizing big profit. And if they post numerous times how they believe this will happen means something more for me: FUD.

Sooo what you're saying is that there is only FOMO, but no FUD?
Both are part of this game ya know.

Can't it be just an expression of what's going on in our mind? Isn't that the point of this thread?

[Lambie Slayer]

I think we need a countdown fellas

245 days into the new BTCull Market and all is well  


via Imgflip Meme Generator

Gnight WO gents. Gonna sleep off some booze.

[El duderino_]

https://twitter.com/cryptanzee/status/1036565758506160135?s=21

 

[HairyMaclairy]

I don't understand how I am bearish with all the charts I've shared.

There isn't a single bearish chart I shared in the last 6 months at least.

All I said was "If it drops below that level I am a buyer but I think and want it to go up." Corrections will happen just like it happened before. They may be big or small but they do happen and every once in a while they create a good buying opportunity especially in bull markets. Like it or not, they do happen.

I couldn't believe it when serveria called me a bear and now there are 3 of you guys.

I think you need to read my posts more carefully. I don't know how many times I repeated that we are in a bull market I am not going to quote those posts because at this point I am starting to think that I am being trolled.

P.S. Leave lambie alone.

Hey man you are a bear. 




Now there are four. 

[mindrust]

Hey man you are a bear. 




Now there are four. 

Even though I am not, let's say I am, and?

[Cryptotourist]

Now there are four. 

Yeah, the Fantastic 4.
And to think we are all part of the inglorious bastards.
(apart from da r0ach obviously)

#

Even though I am not, let's say I am, and?

He is fucking teasing you at the worst possible moment of course.

[SuperTA]

Hey man you are a bear. 




Now there are four. 

Even though I am not, let's say I am, and?

and...the bears are very popular here on bitcoin forum, obviously...

[vapourminer]

I do believe as well they are good hodlers, just wanna talk there possibilities and wanna hear what other long-period BTC'ers think of there way of thinking and market behavior etc

BTC still is a very unknown thing where lots and lots of talk and thinking around is needed

I also think a few bucks lower of price thinking ain't gonna affect any of the real WO-members in here .....

ive managed to hodl an ok percentage of my total btc since i started mining in 2011. ive lost some, been scammed out of some, locked some up so tight i cant retrieve them (overly complicated storage schemes; i keep forgetting how stupid i am). so, oops. and early on i did sell as i (well, my wife.. had to prove to her that these majik internetz bitcornz was "real") felt the need to, mainly as "upgrades" to vacations or toys or whatever. something we normally would not splurge on. but it was always a small percent of my stash as i always figured it would go way up in value eventually.

now being more or less financially ok in the 1st place helps a lot too. why sell if you have the fiat you need for whatever at that time. so for a few years (2013-2016 maybe) i just ignored my corn. no mining, no trading. watched my stack go up to ridiculous values and drop to ridiculous values. many times. never bother selling at highs as i didnt need to. and didnt panic at lows because i had wrote that initial money for the mining rigs off pretty much right away. so might as well keep them and see what happens. after all this is (still) one heck of a grand experiment, and i want to be part of it.

of course now many years later, for various reasons (read:mostly laziness) my stack is now worth a decent amount. so now im starting to cash out and set some plans in motion. fiat does have its uses at the moment.

still mine a bit, mostly shitcoins to trade for btc. so theres always some dribbling in.

as long as you didnt put in more than you can lose you shoudnt have a problem hodling. now when that initial small amount grows to seriously life changing amounts and you still hodl, well, thats a hodlers hodler.

my bottom line stratagy: pay no attention to the current price. buy when convenient (ie extra fiat), sell when only needed (to accomplish a significant goal). with btcs general performance so far, its hard to go wrong wherever you are on the curve at the moment, as it will almost certainlky do its crazy near parabolic thing again. hopefully upwards. of course past performance does not blahblah. this whole thing could also crash to zero overnight)

[jbreher]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds.

Maybe that is part of the explanation for our differing views?

Perhaps, but likely only in respect to closely-related topics.

Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown?

Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective?