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

[vapourminer]

I have a Trezor. I also have an Alienware r17 laptop. I tried to change my Trezor to this laptop. The wallet hangs. Contacted Trezor it is a known bug

with the Alienware the USB hubs put out too much voltage. They do not plan to fix this. So back to paper-wallets. Just thought it was kinda 'flip' of them

to dismiss..it is not like Alienware Laptops are uncommon.

Anyway, an aside.

use a powered hub?

EDIT: Cryptotourist beat me to it.

[1714793299]

1714793299

[1714793299]

1714793299

[1714793299]

1714793299

[1714793299]

1714793299

[JayJuanGee]

...

Both BTC and gold are up around 3%.  Yay!  Not too many places to hide with world economies so far in debt.

*   *   *

Agree with JJG that after the next ATH, it's perfectly OK to sell some BTC.  It looks like we should expect the huge swings in BTC price for the next years (who knows how long).

Don't get me wrong, OROBTC.... I do consider about $17,500 to $23.5k to be a kind of "no man's land".... so even though my sell on the way up and buy on the way down strategy does not attempt to differentiate too much because I sell all the way up in very small increments that I do not stop (even in "no man's land"), but for anyone who is waiting to sell and have been hanging onto their BTC for years, even had missed the prior $19,666 top, I really would not consider anywhere in no man's land to be ATH... so  in that regard, new ATHs, in my own mental framework would be something like above $23.5k.  

I might change my mind later or if I see that our situation is playing out strangely, but for now, there is no reason to really conjecture that this particular round of shooting past ATH (if it happens) is going to play out much differently from earlier shots past previous ATHs in which the shooting past goes at least an additional 15-20% or more beyond such previous ATH before the price meaningfully hesitates, consolidates, corrects or otherwise fails/refuses to continue UPpity.  #DYOR ; #YMMV; #you are responsible for ur own lil selfie; #don't listen to random peeps on the interwebs...    

Actually, I was a tad sloppy in my comment above.  I might sell some small amounts of BTC before ATH, like I did in 2017 well before that ATH.  My highest sale was around $15,000.  Other sales between $9000 and $11,500 (sell prices approximate).

Since 2018 I have only bought BTC (ex. for small gold purchases).  

If I had to guess, for today, I would likely sell a small amount should BTC get to $15,000 or so.  But, as you wrote, "I might change my mind later" ..

And incrementally sell at $20k, $25k, $30K, etc.  And as WO's have observed, will keep some in case we moon to $100,000+, perhaps NEVER selling the last bit (or let any grandchildren sell it).

I am not sure about the sub ATH sticking point, and that is why I suggested $17,500 as a kind of ballpark idea regarding once the BTC price gets past that point, then there is likely going to be a kind of momentum that will quite likely spur a kind of no man's land in that area.. even though there could be some fake outs too...

Remember late 2016/early 2017, like around New Years, the BTC price shot above $1k and then it kind of corrected or stayed flat for a month or two, and then it went above ATH in March, but then corrected down to nearly $850 when fucktards like Vinny Lingham and some others were preaching doom and gloom that BIG players were all cashing out of BTC because "inevitably" BTC prices needed to go down before up (arguing sub $500), and yeah, the fuckers (I should I say suckers) who relied on those kinds of representations from guru Lingham and the like got reckt.. and I am kind of glad about that, even though some innocent peeps got caught up in that, but I tend towards liking that because some people were playing around too much with the UPwards power of BTC.. and some were even shorting (even more deservedly punished for their lack of BTC conviction).

Of course, nothing is guaranteed, so the BTC price points (percentages or other ways of measuring) in which things happen can play out at different points than previously, but I am NOT too convinced when people (even knowledgeable ones) try to downplay the upwards power of BTC and when BTC goes on a short-recking spree there is not likely to be mercy, even when the naysayers suggest that bitcoin is too BIG to continue to experience such short-recking sprees.... blah blah blah..   Fuck them.. they deserve to get recked when they believe over and over that the top has been reached and the price just keeps going up without any seeming reason or rhyme.. and even scaring the shit out of bulls/HODLers.

[Elwar]

These low prices are lame.

Fix it.

[Toxic2040]

pointy end up...flamey end down..t-minus 1 minute

https://www.youtube.com/watch?v=wSge0I7pwFI


edit - nailed it...wtg spacex

[OutOfMemory]

I have a Trezor. I also have an Alienware r17 laptop. I tried to change my Trezor to this laptop. The wallet hangs. Contacted Trezor it is a known bug

with the Alienware the USB hubs put out too much voltage. They do not plan to fix this. So back to paper-wallets. Just thought it was kinda 'flip' of them

to dismiss..it is not like Alienware Laptops are uncommon.

Anyway, an aside.

What if you use a USB hub in between?

Smoking weed kills corona.

Think twice!
You will become too lazy to get outside and get infected.
If everybody stays home with enough weed, corona would be over within a few weeks and the economy would be run mainly by pizza delivery services and internet streaming companies. $1200 per citizen should be enough to cover all the costs  

Do you even emoticon?

[FIFA worldcup]

You guys better just tone it down a bit with your discussion points.  You are starting to sound way too smart for these here parts.  I would suggest throwing in a meme or some random pic of something like a naked chick/or guy (for bob) climbing a rock formation.   (Alternatively, ad hominem attacks tend to play pretty well, too)

Ok here you go . 

[jojo69]

sonofabitch

whew, there's life in it yet

[Toxic2040]

sonofabitch

whew, there's life in it yet

Am I the only one wondering what shes wearing below the table?      

[Cryptotourist]

Think twice!
You will become too lazy to get outside and get infected.

Think again!
Or I'll smoke every mother fucking last one of them.

If everybody stays home with enough weed, corona would be over within a few weeks and the economy would be run mainly by pizza delivery services and internet streaming companies.

Never thought heaven on Earth would come so fast.

$1200 per citizen should be enough to cover all the costs

May I suggest to invest at least half of that in BTC. Smoke double if you must.

Do you even emoticon?

I, gif.
J, emoticons.

[Biodom]

By that image he meant that this Trezor was tampered with.
Not sure if you can simply erase it afterwards, then reinstall the firmware.

Re hodling-I start to think (as years go by) that I don't want to hodl forever.
When pressure to sell becomes unbearable-give yourself a present and sell, say, 1%.
Unfortunately, Deribit is not available in US, but Ledgerx is, so maybe enter into a long term option contracts to buy or sell a small part.
So, if it rises above or drops below certain number (that you choose), a small portion would be taken away in lieu of cash.
I am too old school to give btc to blockfi and/or celsius as I don't think that it is safe.

Practically, it seems that all of us should be planning to sell portions of our BTC at some point, whether we are selling for various products or for cash in order to hedge or other related reasons, there should be some plans to sell (which might merely include reallocations from time to time).  

In other words, planning to live forever is not a realistic plan, and holy bejesus, don't most of us want to attempt to profit somewhat from riches that we have been acquiring through our lives (including the bitcoin portion of that value)?

  Yeah, maybe we are able to generate plenty of less valuable forms of value that we would spend those other forms of value first within gresham's law principles, but it still seems that ONLY the minority of us (especially if we are participating in a thread like this) would fit into a kind of category that we would make a BTC lifetime plan that does not involve any cashing out any of our BTC or attempting to benefit on a personal level in some regards from the likely asymmetrical profits that bitcoin is likely to bring (and continue to bring) to our richie status.  

Well, masses of bitcoiners from 2011-2015 won't be able to successfully (without lots of slippage) sell a significant portion, unless the number of bitcoin users rises from 30-50 mil to 10X that number. It seems that btc is having some difficulties passing that chasm.

Did you get hit in the head, Biodom?    

Holy fucking shit.  

You are repeating the same nonsense that I heard so many times in 2015 and 2016 regarding the purported inability for BTC prices to be sustained above $1k.

Yeah, of course there are going to be BTC hype cycles and even extremes in which the BTC goes up and then cannot be sustained UP, but that does not even mean that every BTC HODLer from 2011 to 2015 is waiting in the same kind of circumstances.

Do you think our various UPs and downs between 2016 and today have not already caused various HODLers from those times to adjust their BTC holdings, and some of them can sell all the way up in small amount or even sell at various points that others are not selling.  Sure some will time the top and others will just HODL through it.  There remains all kinds of variation, and just sounds ridiculous to assert that somehow bitcoin prices cannot be sustained and that mouse trap buyers are not going to come with our better mouse trap.

You, Biodom, seem to be talking as if bitcoin has reached some kind of level of maturity, and sure a lot of the bitcoin naysayers get on those kinds of little limitations in their imagination and their belief that bitcoin cannot do it again.... so yeah, you can play the pessimism game all that you like, and surely, I am NOT banking on BTC has to go to $300k or anything like that, but still I am not going to feel that I got screwed if the BTC price ends up topping off at $30k and then comes back down to $10k for a few years... but I don't even believe that such less stellar performances are really that feasible given the fundamentals and the power of some of the current and seemingly credible BTC price prediction models.  Yeah, sure some people like to assert that too much weight is being given to stock to flow and all of that and there are too many 14 year olds waiting for a BTC payoff based on the BTC stock to flow model, and of course, there is some of that going on, also, but there is also strong as fuck fundamentals in bitcoin, and the way that it was built is an amazing kind of paradigm shifting concept (new asset) that largely reaches erroneous conclusions when trying to compare bitcoin to other asset classes.

So, you can attempt to be as "practical" as you like with nonsense assertions that BTC prices cannot be sustained over certain amounts because everyone from 2011 to 2015 is wanting to get rich, and that is fucking nonsense to try to attribute too many similar motivations in order to paint some unsustainability picture, when still the world likely still has in the neighborhood of 1% bitcoin adoption at best, and yeah maybe various institutions and other richer persons in the west are hoarding more than their fair share of bitcoin, but that still does not mean that the masses (whether institutions, governments or individuals) are not going to continue to be gravitating into bitcoin for the next 10 to 50 years, and sure is likely better if you do not sell all of your BTC thinking that certain theoretical BTC price points are not sustainable.. because you have been told that earlier adopters are going to be cashing out.. blah blah blah...

Relax...breathe-in and out.
I am not selling, but I am also not waiting for pie in the sky numbers.
Some people were making fun of those who might sell at 25-50K (saying that they would feel bad when btc is 1 or 5mil), that's all.
It surely can go up, or it could crater.

If you asked someone on Jan 1 whether he/she think that oil would be -38 at some point in April (less than four months later), you would probably have gotten funny looks. Regarding all those WO bros who are chomping at SELL (at above 100K)-my comment would be: hold your horses, we have been in what essentially looks like a 2.5 year bear market, if you count from the top.

Unless we go over 20K, longer term bull market did not materialize yet. In addition, we are approaching halving at much lower RSI than before.
I wouldn't be totally surprised if we go to either 3K or 10K here.

[Toxic2040]

the afternoon wall report


I am here to report that there is nothing to report. That is all.

Price continues to trade in the $7.1k range strong volumes. Some reported uptick of interest in the options side of things but thats about it. #dyor

this morning with annotations
D



this afternoons current chart
D

#stronghands

[fillippone]

Old Mike  is still at it.

Bloomberg Crypto Outlook


Bitcoin Maturation Leap

• Born From the Financial Crisis, Bitcoin Maturation Accelerating
• Stock-Market Shakeout Accelerates Bitcoin's Gold-Like Transition
• Bitcoin Futures Taming Bull Calf Toward Digital Version of Gold
• Bitcoin and Gold Showing Convergence With Endurance
• Covid-19 Supporting Bitcoin On-Chain Indicators, Dominance
• Covid-19 May Give Libra Life, Spur Fed's Digital Currency Spirit

I am in quarantine now, so I basically read everything.
Bloomberg is usually good content, but his is a little bit subpar, albeit notable from a traditional financial news provider.

EDIT:
Mike is not MiniMike Bloomberg, rather the Mike Mc Whoishim author of the article

[Cryptotourist]

Am I the only one wondering what shes wearing below the table?      

Yes.
In my world, we have prematurely concluded.

[Biodom]

Covid-19 May Give Libra Life.....

nooooooo
that would be the worst outcome

[Gyrsur]

got my new Terminal today. now I am ready for the financial markets.  

The ↵ Enter key is referred to as GO with a green color, deriving from the Monopoly game board, by passing Go and collecting $200 in a hope that the user could make money on the information he would find.

[JayJuanGee]

You guys better just tone it down a bit with your discussion points.  You are starting to sound way too smart for these here parts.  I would suggest throwing in a meme or some random pic of something like a naked chick/or guy (for bob) climbing a rock formation.  (Alternatively, ad hominem attacks tend to play pretty well, too)

Ok here you go .  

You are making me quite nervous since in times like these I would feel much better to see a double bottom rather than headlights.
 

sonofabitch

whew, there's life in it yet

Am I the only one wondering what shes wearing below the table?      

Get your mind out of the gutter, ToxicMoxic.  We are trying to be serious, here.  Yeah.. I played that card.. the royal we.

[serveria.com]

Meanwhile, some TP drama: https://www.distractify.com/p/toilet-paper-refund-australia?utm_source=dfy&utm_medium=fb&fbclid=IwAR2unWiXoOHTqkSxTC5K5bFWp-JvEZkdUVccqZfQClMiawQTp_k-3CQt7Jw

BTW, where in the world is roachie? 

[serveria.com]

You guys better just tone it down a bit with your discussion points.  You are starting to sound way too smart for these here parts.  I would suggest throwing in a meme or some random pic of something like a naked chick/or guy (for bob) climbing a rock formation.   (Alternatively, ad hominem attacks tend to play pretty well, too)

Ok here you go . 

Nice & perky... too small for my liking though 

[Last of the V8s]

Big one incoming

[vapourminer]

Big one incoming

incoming wave of the newly homeless?