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

[JayJuanGee]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

Here goes my last merit.   It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it.

I would be nervous with such an approach, but let's see if maybe you can clarify what you mean by "all in"?

You do have some other investments, like stock or real estate or bonds, no?  So, in that regard, if you have some of those other investments, then you would only by "all in" with new investing?

I must admit that I have been focusing primarily on bitcoin investing, once I got into it in late 2013, and there was one time in about September 2014 (BTC around $380) that I was considering removing significant quantity of funds from my 401k (I had identified a possible way to accomplish such as a kind of rollover without tax penalties) which would have caused a near doubling of my BTC investment and thereby also bring down my average cost per BTC considerably, too, but I got chicken shit regarding over-investing in bitcoin and I had come to the conclusion that I had more than enough bitcoin in my holdings, and I really did not need to take on more risk (into bitcoin) by diversifying out of some of my traditional investments that, even though they had been performing mediocre, they were still largely holding their value (even accounting for inflation, etc). 

Of course, in retrospect, I see that I could have made a killing with such a move to diversify out of some of my 401k into BTC, but at the same time, I am still content that I did NOT do it - because in my thinking, my BTC appreciation (even accounting for risk etc) has already been amazing enough, and such considerable BTC appreciation (without  my really cashing out of BTC and rediversifying back into fiat based investing) has caused my total percentage value into BTC to become quite lopsided in favor of BTC, which I still conclude is good enough to ride out without needs to either rediversify back into traditional investments nor to engage in any kind of behavior that dilutes the stability of my traditional investments (that could largely sustain me completely, if I were to need to live off of them... but now they just merely continue to ride and to appreciate in value based on the traditional stock market and various traditional means of diversifying within those investments). 

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)

Are you thinking that BTC prices reaching $120k in about 5 years or less would be sufficient in order for you to go into a kind of "fuck you" status?  or at least to be able to live off of your BTC indefinitely without having a need or dependence on a traditional JOB?

Surely, a lot of us believe that there are decent chances that your hopium price could be reached within that timeframe, so it is not unrealistic... However, since "decent chances" is not the same as "a given", there are always needs to prepare for a lot worse scenarios, which makes it seem more than reasonable to label your tentative ideas (plan) as a kind of "hopium."

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[LUCKMCFLY]

Apparently 2020 promises ...

[Cryptotourist]

Am i on a wild goose chase in my thinking, here?

Of course not.

[600watt]

jeez, what happened to the good old flash crashes? it hurts, yes, but it is over sooner. this stumbling/bleeding/wick fuckery ain´t no fun. i´d prefer a throat cut candle down to $8k. bring it on bears, bring it on ffs!

[JayJuanGee]

r0ach already provided me this one

I hope you don’t have to continue working at McD’s mic. Maybe you are due a pay rise now though?

The pic from r0ach is a fake.
I'm sure mic doesn't have en ethereum tattoo. Or ripple, FFS...

It is funny though because it exaggerates a certain kind of point... an inaccurate point, but still funny especially coming from roach who has hardly ever said anything that is factually accurate, anyhow... hahahahahaha....



gotta kind of feel sorry for the little bug,


NOT

[BlindMayorBitcorn]

Just perusing the funny pages. I thought of you. I hope everyone is well. Mentally. Here:
Some on the way up
https://www.reddit.com/r/suicidology/comments/8n83vy/bitcoin_evangelist_thinks_suicide_is_a_laughing/
Some on the way down
https://www.reddit.com/r/SuicideWatch/comments/8zfb3d/i_lost_my_job_and_i_will_not_be_seeking_another/

[LFC_Bitcoin]

It’s easy to eradicate a r0ach in RL, JJG

I was just reading your long post there buddy, I too wish I’d bought more in around 2014. I had a bad car accident in 2006 & got £50,000 compensation, the other guy was drunk.

I spent a lot on BTC but never touched any of that money mentioned above. I wish I would have tbh obviously but I’m sure every single person on this forum regrets not buying MOAR. I couldn’t justify spending any more on BTC because I was in huge losses in 2014/15. Hindsight is great isn’t it  

It’s better to look forward than dwell on the past

[BlindMayorBitcorn]

It’s better to look forwards than dwell on the past. This is why its so important to not have downregulated GABA receptors. Too little GABA in the prefrontal cortex has been implicated in PTSD, looping thoughts and rumination. Also it messes up your sleep. Too little GABA, too much REM sleep, too many bad dreams. You can't buy your way out of a loony bin tho. Anywho.

[d_eddie]

Hail to the Mayor!
I hope we see you more often around here.
And that thing with our pants... it's long forgotten now, doesn't matter anymore.

[Phil_S]

Welcome back!

[JayJuanGee]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

Whoaza Raja.

You seem to be a bit ahead of yourself, and yes I do agree that there should be some decent support at $9k, but there should also be some decent support in the $8k to $8.5k range too, no?

[BlindMayorBitcorn]

Get your chill pills ready.

[infofront]

Poll reset

[VB1001]

Bakkt

If the exchange works as planned, it will give institutional investors a secure, well-monitored place to trade Bitcoin, the world's most widely used cryptocurrency. That in turn could help alleviate the problems with volatility and trustworthiness that have kept Bitcoin from being more widely adopted—giving the asset a major boost in legitimacy.

https://fortune.com/2019/09/20/bitcoin-futures-bakkt-launch/

You didn't understand correctly, Bakkt is doing tests.



(If the exchange works as planned...)

[gallianooo]

Most probably Bear Trap till 9-9.2K$ zone. Then, Huge leg up.

If not yes, 8k$ coming.

[fragout]

   ~$9450 is the bottom of the triangle. Me thinks it will hold and rebound to ~$10K . We will know very shortly either way

[BtcMan2009]

  ~$9450 is the bottom of the triangle. Me thinks it will hold and rebound to ~$10K . We will know very shortly either way

I agree with you. And all would be well again until 27 September to go to 10K. Oct drive the price at around 8K 

[_javi_]

jeez, what happened to the good old flash crashes? it hurts, yes, but it is over sooner. this stumbling/bleeding/wick fuckery ain´t no fun. i´d prefer a throat cut candle down to $8k. bring it on bears, bring it on ffs!

This.
I thought the same this morning. Damn bleeding. I cant stand it.

The dump was coming (no bakkt fomo -not even a faked one-, hashrate drop just to scare, death cross on long timeframe, blah blah blah).
Sometimes i blame myself for supposedly knowing what to expect and not reacting. Definition of HODL ??

Cold wallet is that cold, that i dont want to touch it.

Dump, crash, burn. Do whatever you want.. honey badger doesnt care.

go BTC go!

[Lambie Slayer]

Libra hype gone, bakkt here but showing institutions still arent ready to join us. Quantum FUD in play.

Bad news is yeah maybe we breach 9k and make a short panic trip to 7400 or less. I still have a good chunk of fiat ready to deploy in that range. Good news is we are earlier than many thought when it came to institutional interest and hodlers and small fries managed to pump us to 14k recently so post halving these prices will seem ridiculously low.

If institutions havent started buying in yet I may have to forget about 100k party and focus on 300k party for this current bull run.

[JayJuanGee]

Apparently 2020 promises ...

After seeing the above post, I did look up the video that PlanB had placed in his tweet, and it was a fairly interesting dialogue between the hosts and the guest, in which one of the hosts, Joe Squawk is feeling some kind of need to defend an earlier statement that he had made about bitcoin, and a kind of seemingly bullish statement that he had made about bitcoin.  In essence, Squawk wants to attempt to clarify that he is attempting to be neutral about bitcoin rather than being bullish, or at least that is a kind of journalistic position that he prefers to communicate.

Ease of reference to video link:
https://www.youtube.com/watch?v=xiqobf5Du7s&feature=youtu.be&t=144