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Question: Did we reach the bottom already?
Yes - 60 (50%)
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Total Voters: 120

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25882189 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (170 posts by 5 users with 9 merit deleted.)
JayJuanGee
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February 09, 2020, 06:20:00 AM
Merited by bones261 (4)


And Welcome Back bones261!

Just to let everyone know. I am doing great. Sorry to worry some people. I'm just for all intensive purposes a nocoiner now. I'll try to check in more often. We shall see.

Sometimes, in life, the priorities are what force us to make certain decisions, that's how it is, there is no more.

It is really difficult to say, for sure, or even to lecture someone else for taking a zero position in regards to bitcoin.

It is almost as if you have no spare income whatsoever.. or no view of the future or no ability to save.

So, maybe if you don't have any savings and only debt, then it would be better to get your debt paid off first and to establish yourself an ability to save... and if you have absolutely not enough money to put away that you can afford to not think about, then maybe you cannot be in bitcoin.. even if that is a mere $20 per month... or some low level like that.

There are usually ways that even really poor people are able to stack some investments away, and maybe the only exception would be if a person believes that he is not going to live more than a few years, so really in a liquidation phase of his life and liquidating most if not all assets.
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February 09, 2020, 06:22:31 AM

11k by Valentines Day guaranteed.

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February 09, 2020, 06:38:04 AM


And Welcome Back bones261!

Just to let everyone know. I am doing great. Sorry to worry some people. I'm just for all intensive purposes a nocoiner now. I'll try to check in more often. We shall see.

Sometimes, in life, the priorities are what force us to make certain decisions, that's how it is, there is no more.

It is really difficult to say, for sure, or even to lecture someone else for taking a zero position in regards to bitcoin.

It is almost as if you have no spare income whatsoever.. or no view of the future or no ability to save.

So, maybe if you don't have any savings and only debt, then it would be better to get your debt paid off first and to establish yourself an ability to save... and if you have absolutely not enough money to put away that you can afford to not think about, then maybe you cannot be in bitcoin.. even if that is a mere $20 per month... or some low level like that.

There are usually ways that even really poor people are able to stack some investments away, and maybe the only exception would be if a person believes that he is not going to live more than a few years, so really in a liquidation phase of his life and liquidating most if not all assets.

It may be the case, but you can also have an unexpected unforeseen and you need liquidity, then you have to act, if for this you have to part with part of your investments, do it, you will have more opportunities to return to the market when your financial situation is stabilized.
If you can cover the unforeseen or economic urgency without borrowing better.
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February 09, 2020, 06:46:09 AM
Merited by LFC_Bitcoin (2)

I used to speak to rjclarke2000 a lot when I first signed up here. I hope he’s still HODLING!

Me too.... I am pretty sure that he is a HODLer, and maybe in a similar situation to you, LFC...... even though maybe quite a bit of a smaller BTC stash.. .

He had felt that he did not quite have enough in BTC to sell during the last price rise to $20k, but I think that he got more frustrated than you, LFC, in terms of his NOT really wanting to talk or think about the BTC price falling matter... because that would just bring him further from NOT having enough to just retire...  so largely just preferred to HODL through it all, as far as I understood to be what he was doing.

It takes a quite a bit of balls just to HODL through and to try not to think about the cyclical matters too much.... although I am sure that he is peaking here and there.... and that would be really strange if someone like him were to panic sell or anything like that when he seemed to be more than willing to put another 4 years or even quite a bit more into waiting on the matter.. and just let the whole BTC price cycles play out.. while just continuing to just hold... which is likely NOT a bad philosophy, overall... I am wondering if $50k or $100k is going to be enough for him, and if we might end up going in that direction in the next couple of years, and a lot less bullish case scenario would be to add another 4 years onto that.. so instead of the end of 2021 we would be looking at the end of 2025, which just does not seem to be as likely of a scenario to play out.
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February 09, 2020, 06:49:45 AM
Last edit: February 09, 2020, 07:00:48 AM by LFC_Bitcoin

I used to speak to rjclarke2000 a lot when I first signed up here. I hope he’s still HODLING!

Me too.... I am pretty sure that he is a HODLer, and maybe in a similar situation to you, LFC...... even though maybe quite a bit of a smaller BTC stash.. .

He had felt that he did not quite have enough in BTC to sell during the last price rise to $20k, but I think that he got more frustrated than you, LFC, in terms of his NOT really wanting to talk or think about the BTC price falling matter... because that would just bring him further from NOT having enough to just retire...  so largely just preferred to HODL through it all, as far as I understood to be what he was doing.

It takes a quite a bit of balls just to HODL through and to try not to think about the cyclical matters too much.... although I am sure that he is peaking here and there.... and that would be really strange if someone like him were to panic sell or anything like that when he seemed to be more than willing to put another 4 years or even quite a bit more into waiting on the matter.. and just let the whole BTC price cycles play out.. while just continuing to just hold... which is likely NOT a bad philosophy, overall... I am wondering if $50k or $100k is going to be enough for him, and if we might end up going in that direction in the next couple of years, and a lot less bullish case scenario would be to add another 4 years onto that.. so instead of the end of 2021 we would be looking at the end of 2025, which just does not seem to be as likely of a scenario to play out.

Morning JJG!
Just woke up for a piss & see the price is above $10,000. Good stuff Smiley

Yeah I’d love to be able to HODL everything until after the 2024 halving but it’s just too long away.
I’ll probably have to sell half during the next peak or somewhere near to it so I can live the life I dream of.

Not all bad though, will obviously still have a fairly nice stash to HODL into the future Smiley


It’s 4 a.m here.
Just woke to celebrate the 10K crossing with you guys.
BTCGO bitcoin GO
Now back to bed.

Same here!

Just woke up for a piss.

Observing $10,098 - Happy days, now back to sleep Cheesy
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February 09, 2020, 06:53:37 AM


https://mayermultiple.info/

Quote
What the Mayer Multiple is

The Mayer Multiple was created by Trace Mayer as a way to analyse the price of Bitcoin in a historical context.
It does NOT tell whether to buy, sell or hold.
The Mayer Multiple is the multiple of the current Bitcoin price over the 200-days moving average.

Quote
Why 2.4 ?

Simulations performed by Trace Mayer determined that in the past, the best long-term results were achieved by accumulating Bitcoin whenever the Mayer Multiple was below 2.4.
Since the simulations were based on historical data, they are purely educational and should not be the basis of any financial decision.
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BTC or BUST


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February 09, 2020, 07:31:08 AM
Merited by vapourminer (1), Cryptotourist (1), VB1001 (1)


He had felt that he did not quite have enough in BTC to sell during the last price rise to $20k, but I think that he got more frustrated than you, LFC, in terms of his NOT really wanting to talk or think about the BTC price falling matter... because that would just bring him further from NOT having enough to just retire...  so largely just preferred to HODL through it all, as far as I understood to be what he was doing.

It takes a quite a bit of balls just to HODL through and to try not to think about the cyclical matters too much....

That is basically where I'm at..

I really have barely any BTC compared to most of you, which at the current price is not life changing either way, so I might as well just HODL..

I haven't made/accumulated much BTC since before the $20k peak, as my ways of accumulation are mostly eliminated by the modernization/regulation of exchanges shutting down/shutting me down, so it just is what it is..

Though, my retirement goal ambitions are much lower than most, I am satisfied with a more modest way of life, being a countryboy and all..
I don't need a $1mm estate and $500 dinners.. I only need a couple hundred K to become financially secure..

I think in my entire crypto career I have cashed out about 1.6 BTC for probably just under $10k total.. And I do regret it, but still have a bit more than that..
Most of what I have I have held from under $500..

I haven't ever really been in the position to "invest" into BTC, so all I have is what has been hard earned behind my keyboard, and I try to keep it..
I have a bit more BTC $ at current value than I have debt though, so their may be hope..

But, I am a BTC believer from a libertarian/anarchist point of view, so their is that keeping me HODLing too..

I think I have 0.12BTC riding 1:1 on the Trump election, Trump wins, so that will be the biggest loss/gain for me in quite a long time..

I really should get back into trading, but all the shit in trading I have been through, and narrowly escaped, is almost like PTSD to me, and I just can't Sad
I tried Binance for a bit and they just shut me down too Sad
Can't seem to find a signature deal..
Don't know wtf I'm going to do to satisfy my accumulation urge yet but I'm looking..
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February 09, 2020, 07:40:05 AM

Well

I would consider this a reasonably convincing break.
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BTC or BUST


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February 09, 2020, 07:42:15 AM

Badger is still pumping, last observed $10166..
Sorry for the sob story..
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February 09, 2020, 07:47:51 AM

It’s been awhile since we had a nice pump like this.  Where you can just sit back and relax, and enjoy the scenery. 
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February 09, 2020, 07:51:04 AM

It’s been awhile since we had a nice pump like this.  Where you can just sit back and relax, and enjoy the scenery.  

What do you think will be a good support area to keep us a few days? 10,100?
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February 09, 2020, 07:54:24 AM

naah

10K Tuesday or Wednesday

Yep, around Feb 12th, if this channel holds up:

Jupiter9?  Is that you?

Nope. If i were him, i'd be like:
Beware! "2020/02/20"...important date, the prophet of blah had his first ejaculation on a 20th feb. too, the prove is, it's written in the stars of the electric universe.

Or similar...

Try harder Wink


EDIT: Good night at $9.794 #thisissomehint

Are you going to be an asshole in this inkarnation as well?

I try not to, really.
Being sarcastic doesn't make me an asshole.
It would make me an asshole if i intended to hurt someone, though, but that's never my intention.


Just to be clear.

Texting lacks communication of emotions, in contrast to speaking. That's one of the main causes for fuzz on the interweb.
One just can't be sure to "read" his communication partner's intentions. The error rate is around 80%.

That's just saying that you and you alone decides when you are an asshole.
You can say anything, write anything, and do anything.
As long as you claim that you did not intend to hurt anyone, it's ok. Other peoples feelings are irrelevant.




Now you're either projecting OR you are on the 80% side of communication.

Woke up to $10.061 today. Coffee tasted much better, somehow  Grin
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February 09, 2020, 07:57:30 AM

I don’t have any particular TA insights at the moment.  We are pretty much in the middle of the highway as far as I am concerned. We have risen quickly from near the bottom and have a lot of flexibility to go either up or down from here.  

The pace of the rise is bit on the fast side but not explosive.  Caution required if it suddenly goes parabolic.  
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February 09, 2020, 08:03:50 AM

Congrats to all good hodlers here! We've made it! We're back into 5 digits! Next stop ATH!  Cool
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February 09, 2020, 08:04:00 AM

It’s been awhile since we had a nice pump like this.  Where you can just sit back and relax, and enjoy the scenery.  

What do you think will be a good support area to keep us a few days? 10,100?

seems like, right?

I agree with Hairy, this does not feel overly exuberant yet.
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February 09, 2020, 08:04:47 AM

It’s been awhile since we had a nice pump like this.  Where you can just sit back and relax, and enjoy the scenery.  

What do you think will be a good support area to keep us a few days? 10,100?

12k  Cool
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February 09, 2020, 08:09:03 AM

I don’t have any particular TA insights at the moment.  We are pretty much in the middle of the highway as far as I am concerned. We have risen quickly from near the bottom and have a lot of flexibility to go either up or down from here.  

The pace of the rise is bit on the fast side but not explosive.  Caution required if it suddenly goes parabolic.  

It’s been awhile since we had a nice pump like this.  Where you can just sit back and relax, and enjoy the scenery.  

What do you think will be a good support area to keep us a few days? 10,100?

seems like, right?

I agree with Hairy, this does not feel overly exuberant yet.

It’s been awhile since we had a nice pump like this.  Where you can just sit back and relax, and enjoy the scenery.  

What do you think will be a good support area to keep us a few days? 10,100?

12k  Cool

$ 1,000 in a week, if you continue with this average, $45,000 by the end of the year. Cheesy
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February 09, 2020, 08:13:20 AM
Merited by LFC_Bitcoin (2)

Nah.  No ATHs in 2020 imho.  

Not unless China starts to crack.  And no sign of that yet.  If the power goes out in Wuhan for a few days, then you should start to pay attention. 
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February 09, 2020, 08:17:12 AM
Merited by JayJuanGee (1)

If this rip goes to $17k without faltering, I'ma short dat bitch.
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February 09, 2020, 08:18:53 AM

I mean yeah...if you zoom out...

fuck, if we front run the halvening this time around we could easily be in the 40s this summer

I don't really think we will, but it is certainly a possibility.
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