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

[Last of the V8s]

[vapourminer]

Thinking of buying a bit of physical-never did before. Worth it?

No.  It is not.   

I dunno...it's shiny 

..Getting a bit tired of our protracted bear market. We will be truly out of it above 20K, still more than 100% to go.
Don't want to diworsify yet, but there will be a time.

If you have the money for some gold, and patience to wait, then yeah, buying gold is a great idea.  Diversification, which is important to me.  1 oz of gold is more than some 98% of Americans own.

Physical gold only.  Hide it well, don't tell any neighbors, etc.

Oh, yeah, it's shiny too.

yeah its shiny. BUT

1 oz = 1 oz

do the math, especially if you mix in silver.. i aint no young whipper snapper any more. my walker can only hold so much.

[LUCKMCFLY]

Market sentiments ..

Greed and Fear in #bitcoin markets

Source: https://twitter.com/100trillionUSD/status/1268828654546481153

[Torque]

Bear whales right now

[Wekkel]

At the rate printers are going...
Soon: 1 Satoshi = 1USD
0.00000001BTC = 1USD

No, the amount of ‘printing’ isn’t remotely enough to just fill the black hole created by the lockdowns.

The numbers will have to go up (these are rookie numbers) before it gets real. But we will get there, don’t worry.

Wait, we have not seen everything yet, if the Chinese sell their reserves in dollars we will go faster than we think.

They won't sell their reserves. The US and China are tied to each other in more ways than the rhetoric makes us think.

[fillippone]

At the rate printers are going...
Soon: 1 Satoshi = 1USD
0.00000001BTC = 1USD

No, the amount of ‘printing’ isn’t remotely enough to just fill the black hole created by the lockdowns.

The numbers will have to go up (these are rookie numbers) before it gets real. But we will get there, don’t worry.

Wait, we have not seen everything yet, if the Chinese sell their reserves in dollars we will go faster than we think.

They won't sell their reserves. The US and China are tied to each other in more ways than the rhetoric makes us think.

In Italian we say that selling the reserve would be like "cutting your own d**k off to piss your wife".

[Torque]

Jobs report negative, stock market soars.

Jobs report positive, stock market soars moar.

Fiat printer goes brrr.

Such sophisticate.

[JSRAW]

In Italian we say that selling the reserve would be like "cutting your own d**k off to piss your wife".

Neibhours...

[Torque]

I am drinking my Luckin Coffee and watch BTC to pass 10.000$ this weekend. Get ready boys. 5 digits are near!

I heard their accounting dept wrote down your coffee purchase as 5000 sold.

[BitcoinNewsMagazine]

FOR HODLERS
BITCOIN ONLY.
NOTHING ELSE.
Bitcoin-only firmware for both Trezor One and Trezor Model T is available now. Enhance your Trezor with the most minimalistic firmware we have ever published, and embrace your inner maximalist.

https://shop.trezor.io/btc-only/

Jeez! I am really out of the game if I don't even know this. Thanks for pointing that out VB.
As I said I couldn't believe Slush would have thought of something like that (adding shitcoins to a Trezor).
This makes it better.

Trezor supporting some altcoins was a good idea, they made profiting from the BCH airdrop in 2017 easy.

[serveria.com]

At the rate printers are going...
Soon: 1 Satoshi = 1USD
0.00000001BTC = 1USD

No, the amount of ‘printing’ isn’t remotely enough to just fill the black hole created by the lockdowns.

The numbers will have to go up (these are rookie numbers) before it gets real. But we will get there, don’t worry.

Wait, we have not seen everything yet, if the Chinese sell their reserves in dollars we will go faster than we think.

They won't sell their reserves. The US and China are tied to each other in more ways than the rhetoric makes us think.

They'll do what's profitable for them. If (or should I say when?) US economy will go down in flames they'll be happy to dump USD and buy gold, BTC, EUR or whatever else still having value...  

[Toxic2040]

Bear whales right now

+1 WOsMerit


must...accumulate....more..



--------

Har har.
-snip-
Keep on HODLing and stacking, gentlemen.

+1 WOsMerit

sheeeiit



-----------


I keep forgetting to post..post polling   


lets make up for that now.






-------

Jobs report maybe not as bad as expected...market remains neutral for the most part...buying of the dips in effect until further notice.  That is all.

[dragonvslinux]

Haven't been online much recently, did I miss much here?
Hi again to fellow hat wearers out there 

[xhomerx10]

I am drinking my Luckin Coffee and watch BTC to pass 10.000$ this weekend. Get ready boys. 5 digits are near!

 Did you mean fuckin' coffee or are you one of the few people to visit that chain?  Seems like over 60% of their sales were a fabrication.  At least you have the good sense to hold bitcoin.  We're all ready for 10k bitcoin... like yesterday!

[JayJuanGee]

Results of poll are already completed, and $10k won.

In other words, time to snip out the old pole and put in a new one (meme)

Haven't been online much recently, did I miss much here?
Hi again to fellow hat wearers out there 

Price went up, then it went down and then it went back up again.

[Paashaas]

Jobs report negative, stock market soars.

Jobs report positive, stock market soars moar.

Fiat printer goes brrr.

Such sophisticate.

The stock market is so uber 'bullish' even bankrupt companies like Hertz are rallying...

[dragonvslinux]

Haven't been online much recently, did I miss much here?
Hi again to fellow hat wearers out there  

Price went up, then it went down and then it went back up again.

It's only been a couple of months, I remember the drop, looks like price has moved up nicely from the $7K area where I thought it would pull-back  
Hopefully I've come back in time to try and pick out the short-term top of this nice rally But likelihood is I'll be wrong again  

[Last of the V8s]

[Tash]

why don't you "deversify" into ledger?

I don't even do hardware wallets.

software...software makes me nervous

I started hating both ledger and trezor when they opened to shitcoins. I hoped that at least Slush would have saved trezor from altcoins.
I only wanted a Bitcoin hardware wallet! Was I asking too much?
So I got rid of my Nano s and trezor one.

Real hodlers use paper wallets.
Shit like mindrust want happen with it.
A. number one in security
B. takes to long to sent coins to exchange to panic sell
C. to lazy to even get going, hodle on

[JayJuanGee]

Haven't been online much recently, did I miss much here?
Hi again to fellow hat wearers out there  

Price went up, then it went down and then it went back up again.

It's only been a couple of months, I remember the drop, looks like price has moved up nicely from the $7K area where I thought it would pull-back  
Hopefully I've come back in time to try and pick out the short-term top of this nice rally But likelihood is I'll be wrong again  

Surely, as you have suggested, nothing can be taken for granted in bitcoin.

Many times it would be logical to presume that if there is a lot of UPward BTC price movement, then a correction would be in order.  However, we have crossed a decent amount of these sub $10k prices several times in the past, and sometimes bitcoin has shown itself to just be tired of continuing to pass through a range that it has passed through so many times.

In other words, sometimes it just becomes time to move on and to move up... but when that time comes is frequently difficult to identify with any kind of short-term precision.. so frequently, the most profitable folks in bitcoin seems to be those who error on the side of mostly preparing for UP, and maybe taking a slight hedging position in down - even though the down hedging position could remove some of the UP profits, in the even that outrageous exorbitant UP ends up coming at some point... which is far from guaranteed.

why don't you "deversify" into ledger?

I don't even do hardware wallets.

software...software makes me nervous

I started hating both ledger and trezor when they opened to shitcoins. I hoped that at least Slush would have saved trezor from altcoins.
I only wanted a Bitcoin hardware wallet! Was I asking too much?
So I got rid of my Nano s and trezor one.

Real hodlers use paper wallets.
Shit like mindrust want happen with it.
A. number one in security
B. takes to long to sent coins to exchange to panic sell
C. to lazy to even get going, hodle on

I agree that there can be some advantage to having some of your coins in places that are not easy to access for security and plausible deniability purposes; however, one of the primary tools to arm a HODLer from engaging in panic behavior continues to be having solid planning and preparation for outrageous BTC price moves (whether we are talking down or up).  
Some HODLers know that it is NOT a good thing to gamble too much of their stash, but they do it anyhow, and maybe they even know that they are inclined to panic, but they still keep the panic option open with the placement of their coins and in their own minds where they mentally keep such panic options open.

Even though there are a decent number of supporters (advocates) of paper wallets, I have doubts about whether they are really the remedy for a large number of BTC HODLers, including HODLers with weak minds and otherwise weak and inadequate preparations.