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

[BitcoinGirl.Club]

Good morning WO!
Observing @ $7,157

Curse to those who gone with $6.5k



F you! 😜

[Majormax]

Just buy more Bitcoin and you wont be bothered so much when I correctly tell you we are going down more.  All your worry and issues with my downwards calls just show me the truth that you are not invested heavily enough.

I will let you know when the Bargain Boyz arrive, despite your squirming and protests. 

Brave call on this board.  The trend is down until it's not.

I try not to make the bearish calls much now because I sometimes don't have the energy for the arguments that ensue.

It is interesting that you identify the strength of protest with the degree of bullish commitment.  The holy grail of (contrarian) trading was always to find an pure untainted indicator of overall sentiment. When the bulls don't argue with bearish comment anymore, is that when the true bottom is in ?

[Last of the V8s]

[Majormax]

...Oh gawd, you are so full of shit.... especially when it comes to your last paragraph.

Harsh way of putting it, but yes, I also don't believe that there is a group that always knows what is going to happen.  

This is an interesting argument between 2 eloquent posters, very different in their approaches.

I'm  particularly intrigued by Lambie's notion that 100% commitment is needed for freedom from worry about price. In one way it makes sense, but its difficult to accept.

[BitcoinGirl.Club]

Not Does 🤪

Anyway it happens with me occasionally LOL

[Last of the V8s]

^boomer ok

...Oh gawd, you are so full of shit.... especially when it comes to your last paragraph.

Harsh way of putting it, but yes, I also don't believe that there is a group that always knows what is going to happen.  

This is an interesting argument between 2 eloquent posters, very different in their approaches.

I'm  particularly intrigued by Lambie's notion that 100% commitment is needed for freedom from worry about price. In one way it makes sense, but its difficult to accept.

It's fun but it's bollocks. Vast swathes of bitcoiners don't give a fuck about the price.

[Lambie Slayer]

Just buy more Bitcoin and you wont be bothered so much when I correctly tell you we are going down more.  All your worry and issues with my downwards calls just show me the truth that you are not invested heavily enough.

I will let you know when the Bargain Boyz arrive, despite your squirming and protests. 

Brave call on this board.  The trend is down until it's not.

I try not to make the bearish calls much now because I sometimes don't have the energy for the arguments that ensue.

It is interesting that you identify the strength of protest with the degree of bullish commitment.  The holy grail of (contrarian) trading was always to find an pure untainted indicator of overall sentiment. When the bulls don't argue with bearish comment anymore, is that when the true bottom is in ?

Yes strength of protest certainly shines a lot of light on what they really are going through atm.

You may remember the approx 3100 Bottom on Dec. 15 '18 and two days later on the 17th when I declared the Bear Market to have ended that JJG engaged in a vicious battle with me that lasted for many days bc he was incredibly angered by the certitude of me claiming the bottom was in. Walls of texts and silly name calling ensued. It was the usual "how dare you you wanna be sorcerer," "ur so full of shit," "ive been here a few months longer than you so how dare you" routine he has developed.

He had actually given up on short term bullishness at that point and switched from getting angry when people made bear calls with conviction to getting angry when people made bull calls with conviction. I couldnt make this stuff up if I tried.

If he is going to be an accurate indicator in that fashion again we will need for him to start getting angry at bull calls to be sure the bottom is in. Mr. Goose is already posting pics of a frugal lifestyle so if JJG gets pissed at bullish calls hopefully we can start the run to 100k.

TLDR: Bitcoin trend changes revolve around Mr. Goose's spending habits and JJGs sententious and anger filled text walls.

[El duderino_]

...Oh gawd, you are so full of shit.... especially when it comes to your last paragraph.

Harsh way of putting it, but yes, I also don't believe that there is a group that always knows what is going to happen.  

This is an interesting argument between 2 eloquent posters, very different in their approaches.

I'm  particularly intrigued by Lambie's notion that 100% commitment is needed for freedom from worry about price. In one way it makes sense, but its difficult to accept.

I do agree that to many people are worried to much about short term prices.... But I also think it’s esecially the people that don’t understand the power/fundamentals of BTC or the importance of financial freedom are the people that do worry about the price.... they mostly are the ones that just wanna make a $

[El duderino_]

Mic spending habits are always adapt to survive

[Last of the V8s]

Still, there's always Switzerland.

[Lambie Slayer]

...Oh gawd, you are so full of shit.... especially when it comes to your last paragraph.

Harsh way of putting it, but yes, I also don't believe that there is a group that always knows what is going to happen.  

This is an interesting argument between 2 eloquent posters, very different in their approaches.

I'm  particularly intrigued by Lambie's notion that 100% commitment is needed for freedom from worry about price. In one way it makes sense, but its difficult to accept.

I dont think there is one person or group that always knows what is going to happen, but rather  that there is always one person or group that knows what is going to happen. That "it" person or group changes from time to time, but there is always someone in the know and correct about what is about to happen.

As to the 100 percent commitment providing freedom from price worry I should add a little clarity to it. It doesn't come instantly as soon as you fully commit, rather once you fully commit your pysche is inoculated with such extreme concern that it quickly begins to fully immunize itself from the fear out of necessity.

For me this immunization to price fear after being fully (close to 100 percent) invested took about 6 months.

Vegeta went through something similar to this as he was training in solitude before he was able to become a Super Sayain for the first time.

https://www.youtube.com/watch?v=Ia4UjRTKBaY

"Then something just snapped, something inside of me. I didnt care anymore. I didnt care about being better than Kakarot. I didn't care about being a Super Sayain. I didn't care if I lived, I didnt care about anything. And then it happened. Yes, thats how it happened, thats how I became a Super Sayain." - Vegeta

via Imgflip Meme Generator

[Lambie Slayer]

^boomer ok

...Oh gawd, you are so full of shit.... especially when it comes to your last paragraph.

Harsh way of putting it, but yes, I also don't believe that there is a group that always knows what is going to happen.  

This is an interesting argument between 2 eloquent posters, very different in their approaches.

I'm  particularly intrigued by Lambie's notion that 100% commitment is needed for freedom from worry about price. In one way it makes sense, but its difficult to accept.

It's fun but it's bollocks. Vast swathes of bitcoiners don't give a fuck about the price.

The bollocks is that vast swathes dont give a fuck, its more like a very tiny minority truly dont care if it goes to zero. Most would squirm and fret to no end if price actually took a death march to almost nothing, fortunately the cure is to buy more and force yourself to face and conquer this fear in advance. 

[xhomerx10]

 Also that dude looks hungry.

[d_eddie]

My long is being beaten to shreds, and happiness is a thing of the past.
What's a man supposed to do? Why, buying physical!
(Investment money decoupled from play stash.)

[nutildah]

Shit everywhere
Piles of shit in all the streets
Should get back to work.

[Globb0]

Weekly candles not looking too bad. Lots of bottomy looking RSIs at smaller time intervals below. This chart moves a bit slow.

[LFC_Bitcoin]

Shit everywhere
Piles of shit in all the streets
Should get back to work.

Calcutta?

[Paashaas]

Segwit reached a new ATH at 65,15%.



https://segwit.space/

[UnDerDoG81]

Will the next whale attack be tonight? We know this pattern for years now. Dump... Wait 3 days... Dump... Wait 3 days... Dump... Wait 3 days...

[LUCKMCFLY]

Good...

Updated #bitcoin values with new beta and risk free rate.  S&P 500TR is used as the market proxy and 1-yr CMT as RFR.

Source: https://twitter.com/nsquaredcrypto/status/1195385537093341185