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

[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?

[El duderino_]

1. Hong Kong unrest continues
2. Argentine Peso collapsed
3. 2yr/10yr Treausry spread inverted
4.
@Bakkt
 approved for Sept launch
5.
@coinmine
 raises $2.5 million
6. Seed CX test swaps settled in BTC
7. Bitcoin is still not dead
8. Micg goes for Saturday evening dinner 

Onwards! 🙏🏽

https://twitter.com/APompliano/status/1162697492393275392?s=20

[Raja_MBZ]

Bitcoin dominance is about to hit another yearly high as well. I'd not be surprised if its dominance actually manages to hit about 70% by the end of the year:



Alts are probably going to bleed more from here if BTC doesn't stabilize! Ain't it amazing?

Update:

[d_eddie]

Omg, my backlog grew epically. I can't think of getting back home to a few hundred pages. I only have checked the price a few times during these days, but I was able to see sub 10k and back up. All seems normal on bitcoinland.

[Biodom]

Why, suddenly, there is a discussion on whether bearish opinions are even welcomed.
You can be a short term bear, but long term bull. Heck, you can even be a long term bear as long as you describe your opinion intelligently.
Here, like on the stock boards, some people always mistake an opinion with an ability to influence the price.

Personally, I like to look at charts and various scenarios.
If you are 100% bitcoin with no cash/stocks cushion, this makes you inflexible and unable to get bargains on the dip.
Obviously, a mistake, in my view.
Anyone has their own diversification criteria, though. What could be OK for some is an insane gamble for others.

My criteria has always been: try to accumulate as much btc as possible, but have enough fiat investments so I can retire (eventually) on those plus soc sec. Bitcoin being super unconventional investment is a great stimulant and hope, but I never counted on it to make my ends meet. I believe, this gives me freedom to evaluate the trend better, hopefully, albeit I never shorted btc (so far).

[VB1001]

Gold



First Gold ETF launched 2003



Bitcoin



Interesting, if the same reaction occurs in Bitcoin, it will be fun.

 

It's just an idea of ​​a Saturday afternoon with a hot summer that is affecting my neurons.

[Cryptotourist]

Here is a good name for it: WO



This Bitcoin Sex Toy Vibrates More or Less Depending on the Cryptocurrency’s Value

"CamSoda — the porn tech company that brought us teledidonic blowjobs, a pussy eating app and a virtual reality gas mask for smelling someone’s cyber-panties — has created a new novelty gimmick for fans of cryptocurrencies like Bitcoin — a Bitcoin sex toy! It’s a bluetooth remote control vibrator whose pulsations increase or decrease depending on a Bitcoin’s rising or falling market value."

Stamp price ffs.

[Biodom]

Interesting, but, hopefully, btc will run further as gold peaked at $800 in around 1980, then peaked in 2011 at around 1800.
Providing similar proportions to btc would result in the $44.5K target for btc (before correction). Some people might be disappointed (expect more).
Of course, it does not have to match.

Historically, there is one interesting notion re gold market... the saying goes like this: the value of Dow and gold price in $$ always reach parity (1:1) at some point (their respective charts intercept or get very close).

Whether it would be 25000 Dow and 25000 gold or 12000 Dow and 12000 Gold or anything in between or below, but, historically, chart intercept always happened in 20th century (on multiple occasions).

Maybe we should predict a similar intercept for the Dow/bitcoin price