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

[soullyG]

Craig Wright shot down yet again, in his frantic attempts to delay getting his ass sued to oblivion:

In the Court’s reasoning, Craig Wright could not provide sufficient arguments to delay or dismiss the case. Therefore, the judge rejected his petition in the absolute, and the next logical step is to set a date for trial:

“Upon review, the Court found the Defendant’s arguments unpersuasive (…) The frustrating part is not know what to believe. One moment I am told that you received funding for the next 5 years and are able to get back to work on building the business. And then the next second I am told there is no progress being made with the business (…) Accordingly, the Court rejects Defendant’s assertion that Count VIII fails. As set forth above, Defendant’s Motion is denied on all grounds.”

https://cryptopotato.com/craig-wrights-efforts-to-dismiss-kleimans-1-1-million-bitcoin-trial-are-denied-on-all-grounds/



More details here:
https://twitter.com/stephendpalley/status/1308073416025673728

[Xinarae*]

My rookie tip: If you ever sell, don't sell it all, keep at least 10% of your corn for hodling.

I am thinking about a formula that aim to NOT sell more than 10% for every range - such as every 100% (or maybe less selling and a greater range?)

But it would go something like this:

Let's say that you started buying BTC at or near the top of the last bubble, but you stuck with it and you kept dollar cost averaging in.  Accordingly, you have a average cost per BTC that is around $8k per BTC, and so you are a bit concerned about what to do.

You decide that you will sell no more than 10% of your stash for every time that the BTC price doubles (if it does)

Therefore, you have authorized yourself to sell 10% of your stash at any point of your own choosing at each point within the below prices ranges:


1) $10k to $20k (10% of total stash)

2) $20k to $40k (10% of total stash)

3) $40k to $80k (10% of total stash)

4) $80k to $160k (10% of total stash)

5) $160k to $320k (10% of total stash)

6) $320k to $640k (10% of total stash)

7) $640k to $1.2m (10% of total stash)

Etc. etc. etc

Exactly true 10% fact but long time holder can be possible profit 100% or higher oppose go back to see bitcoin up-down $3500-$4200 but next time was first move to $7000+ in the short time, in the better way to small profit randomly to possible higher profit  if though possible exacly range point.

[BobLawblaw]

Getting too close to $10k for my liking.
I missed buying the dip last time it dropped into the $9k's. Wonder if it will drop that low again, or support will hold...

Huh... Disregard I guess. Appears the situation has improved since I checked earlier.

Onward $11k !!

[BitcoinGirl.Club]

Good afternoon WO!
Observing @ $10,450

Those who are dealing with altshit coins they know how frustrating their time is now. HOLD Bitcoin!

[hv_]

After crypto winter -  this year DeFinter is coming cold on some  

[Hueristic]

Yes, there will be dips.
Yes, there will be peaks.
Yes, there will be pumps.
Yes, there will be dumps.

Just Zoom Out^TM, chill, and have a beer!

If you're scared about a dip, you need some HoDL training...

Don't give them your coins.

A rusty nut won't budge, and that's about the only good quality of a rusty nut.

HoDL.

We need to group fund a production run of Bob's patented Titanium Plate kit for the weak hands!

Special Mindrust edition available for special order.

[P_Shep]

(10% of total stash)

Total stash as in the stash you started from? So you can only cash out 10 times?

or 10% of remaining stash, so you can cash out... well forever?

[cAPSLOCK]

yup ima get myself a island too when number go up

Sorry buddy.  I already got that one in Dec 17.  It pays to be early.

[Paashaas]

Bermuda Stock Exchange to Have the World’s First Bitcoin ETF.

The world’s first Bitcoin (BTC) exchange-traded fund (ETF) is going to be launched on the Bermuda Stock Exchange (BSX). According to an official statement released by the BSX, the new Bitcoin ETF is going to be called Hashdex Nasdaq Crypto Index ETF and there will be released to the market 3 million Class E shares.

The new Bitcion ETF has been launched thanks to the Brazilian Fund Manager Hasdex that partnered with the Nasdaq in order to offer investors a safe and regulated Bitcoin ETF product. This would help firms and users get exposure to the crypto market through a traditional investment platform.

[AlcoHoDL]

Yes, there will be dips.
Yes, there will be peaks.
Yes, there will be pumps.
Yes, there will be dumps.

Just Zoom Out^TM, chill, and have a beer!

If you're scared about a dip, you need some HoDL training...

Don't give them your coins.

A rusty nut won't budge, and that's about the only good quality of a rusty nut.

HoDL.

We need to group fund a production run of Bob's patented Titanium Plate kit for the weak hands!

Special Mindrust edition available for special order.

LOL, yeah, that could be a DeFi project. And titanium doesn't rust (i.e., a mindrust-proof product). This is big.

[LFC_Bitcoin]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

I’m sick of this crap now, isolate the old & vulnerable & let the rest of us get on with our lives.
Covid has a ridiculously low mortality rate, feeling annoyed.

I hope bitcoin’s potentially epic bull run next year doesn't get stunted because of a bad type of flu.

Do you guys think all of this covid back drop will be bullish or bearish for bitcoin in the short to medium term?

Thanks in advance!

Regards

Very annoyed OG HODLER.

[AlcoHoDL]

Kraken will educate us on COVID-19 security:

COVID Security: A Free Kraken Webinar w/ Nick Percoco – September 25 @ 14:00 UTC

COVID-19 security? Never thought about it that way...

[AlcoHoDL]

@LFC:

Man, UK pubs were already closing far too early, compared to most other countries (last round @ 11:30pm IIRC)... Looks like COVID-19 sealed the deal! Now families can take their kids with them to the pub, and be back home in time for bed.

[cAPSLOCK]

Better version: If you intend to sell it all when moon, sell only 90%!

The question is: sell it for what?

I have a 2nd house. A nice house. I got some offers to sell it. But then I thought, do I need the money? I don't. So, why sell it? To put some money in the bank "for the future"?

I've kept my 2nd house. Of course, there's the option to convert it to corn (I know I'm going to be crying when I read this post 5 years from now), but I still want to have a hedge against any "unforeseen extinction event".

Maybe sell 50% of your stash "when moon"? Or sell whatever you need to do certain things. And keep selling as your needs develop?

{...insert Morpheus/Neo meme here...}

Property is one of the assets in which we will see inflation (brr) really having an impact.  This will be true of all value stores (gold, collectibles etc) and a certain class of consumable items (healthcare, education, ammo).  Where as other consumables (cheezeburgers, toilet paper) will not be hit by inflation as much.  And Fiat will be the very most dangerous place to store value.  Unless all you intend to buy is cheezeburgers and TP. 

I would think selling your house to have "money in the bank" is most likely a TERRIBLE strategy (not saying you don't realize this) at this time.  UNLESS you "house" is commercial real estate... then selling is a different story, I'd think. In fact now buying a third house would be a more compelling idea for you, I'd think.

[BobLawblaw]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

[LFC_Bitcoin]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

There has to be another agenda, I’m not going to start with the conspiracy theories out of respect for others though.

[nullius]

Another 6 months of covid restrictions announced by Boris Johnson today. It’s not a full lockdown but bars, pubs, restaurants have a curfew, they must close at 10pm. You’re not allowed to socialise in a group of more than 6. No fans allowed into sporting events (stadiums) until March at the earliest.

Username checks out:

Man, UK pubs were already closing far too early, compared to most other countries (last round @ 11:30pm IIRC)... Looks like COVID-19 sealed the deal! Now families can take their kids with them to the pub, and be back home in time for bed.

Puritans will also love this secondary or tertiary effect of Covid-panic:  Now, we must restrict pubs to serve only non-alcoholic “beer”!

[JSRAW]

^^ nullius you want to suggest some history book here in WO? sometimes you sounds like well read and judging from your positing habits, you are terrific (Although bit weak on south Asian/Indian subcontinent history, may be you didn't expressed yourself much and i avoid correcting peeps on interweb) Nonetheless you still sounds solid, so feel free to shoot your top notch books on history here in public. would like to read your recommendation.

[cAPSLOCK]

Very annoyed OG HODLER.

That makes two annoyed OG HODLERs.

Getting mighty sick of the mandatory mask mandates, despite everything dropping and starting to get under control.

It's all political theatre.

*breathe in and out Bob. Don't get angry. Go hit another bowl of Gods' herb*

It's been a while since I gave a insiders (I work in healthcare, specifically informatics) Covid update... this made me think about it.

We have seen a marked, CONSISTENT drop in all numbers since the last surge.  Our confirmed Covid patients has dropped to a little more than 5% of admissions which is WELL under where we were in either surge (~60+%).

Positive test results are an order of magnitude below what we saw at the peak.  But testing has become very routine and nearly universal.

Mortality has continued to remain technically in the noise.  So low that it is not statistically dense enough to get relevant data from the numbers other than the mortality has been insignificant in the big picture.

Most notably both infection rates as well as mortality have both continued to go lower even during the second surge.
 They did rise 2-3 weeks after the surge peaked, but much less so than the first surge which implies we are seeing immunity emerge.

We are currently just starting the period of time where *some* return to school will be causing a predictable third surge.  But so far this one seems to be holding back and not emerging quickly, which also implies we are seeing immunity emerge.

To me (non-clinical) we are seeing the very best case scenario we could hope for.

Therefore the continued hysteria is either overly careful, or politically motivated.  I think the second.  I am not really a conspiracy type, and it always bugs me when people act like the whole thing was made up.  Tell that to the people who suffocated because of it.  But although the pandemic is no doubt real, and has posed a real risk, it is now being used by the powers that be to control us more than anything.  Especially considering that at this point we have a VERY clear picture of who is at risk, and that subset is much smaller than we had originally thought.

Also, along with herd immunity we also seem to have herd movement... people who wear masks have many motivations.  Personally I feel fairly safe but will still wear a mask in public for the sake of those who are at risk.  But everyone's fear and actions are definitely motivated by herd instincts and it's interesting to watch.

[Hueristic]

yup ima get myself a island too when number go up

Sorry buddy.  I already got that one in Dec 17.  It pays to be early.

Still easier to get than an RTX 3080!