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

[Paashaas]

As I sit here in the night thinking, I must admit that I'm getting a strange feeling of racing against time.
I'm just not entirely sure that the world as I know it will last until the next ATH in Q4 2021, and I really want to cash out enough money to be able to get the hell out if TSHTF.

Well, if it is not gonna last (as you know it) even until Q4 2021... Why the need to cash out for? What is your EXIT-PLAN?

Well, all the neighboring countries are pretty stable, so all I have to do is go across the bridge to Denmark,I don't really need any elaborate exit plan.
But the Swedish politicians and elite seems to have awaken abruptly recently, since the violence spread into the middle class and upper class areas.
Now everybody is talking about and planning for stricter laws, even deporting foreigners before they have committed any crime, just because they belong to a certain group or clan.
Repatriating those who are not real refugees is also on the table. Things are moving fast here right now, and it almost happened overnight. So there still is a chance to stop the balkanization of Sweden.

Even if I don't have any idea of how is the situation in Sweden, that makes more sense. I mean, I thought when you said "world as I know it" you really meant about the whole world. Of course there will always be better places/countries to be and money can really help you about that. Unless worldwide shit happens though. Who knows. TBH I think everything is "fine". We will see.

Sweden needs to tackle the immigration problem otherwise it will slip into a shithole.

Sweden’s new epidemic: clan-based crime.

We have an obvious problem,’ admitted the Swedish Prime Minister Stefan Löfven recently. He was referring not to the Covid pandemic, but to a summer of crime that has left even jaded Swedes reeling in disbelief. There are regular bombings, hand grenade attacks and shootings. Young men are killing each other at a horrific rate — ten times that of Germany. The feeling is growing that the government has completely lost control. Yet, while Löfven has finally acknowledged the existence of the problem, he still seems in denial about its true nature.

[nullius]

Bear camp:



Bull camp:

Good ones.  Though I have been rethinking that symbolism—I think much too much about symbols, alphabets, cryptic things.  No conclusions, as yet.

Meanwhile, in lieu of my usual thousand words...


What market?





Always timely.

[JayJuanGee]

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

Reasonable?  Maybe?  Maybe not, but I know that no matter at what BTC price range that I am within, I am hanging onto most (90%) of my BTC within that BTC  price range, and I can plug those numbers into a spreadsheet to project the size of my BTC stash and to consider whether I believe that those sales amounts would be reasonable for my own particular situation.  

I can project, based on the speculation of my particulars, what will be the amount of BTC that I sell at each price point, what my BTC amount remaining after each of those projected sales points, how much fiat will I have raked in from each of the sales points, how such raking in of fiat adds up at each of the sales points (and cumulatively), and am I comfortable with those numbers?

If I am comfortable with the numbers, then I execute my BTC sales in accordance with the plan

If I am not comfortable then I tweak some (or all) of the variables of the plan... and reassess them until I am as comfortable as I can be with such plan in order to feel executing such plan when the BTC price reaches my range (or a specific price that I have chosen within the price range).

Anyways... I think The Dude is a ladies' man, so I'm pretty sure he won't have trouble getting another princess soon... If I had a daughter, I'd send her his way... Nice guy, coiner (most importantly), and a guaranteed life of luxury and pleasure...  What more could a girl ask for?

Oh my!!!!  I may have been away too long to let you guys get carried away....



Who let the dogs out...





Seems a bit much to be vouching your daughter(s) over to random interweb peeps.  #nohomo

This correlation with legacy markets is god damn annoying. I don't even need to check the Bitcoin price any more, just check nasdaq, s&p, gold.

When is supply finally going to be overrun so that we can decouple from this bullshit.

It is most likely to happen when you least expect it (or when you are not watching)

It's the observer effect.

[nullius]

I will leave for another time some reflections on the production of heirs, and familial standards for marriage, etc.  It’s time to birth a meme.  Which I simply found too amusing to resist.  It is not directed at any particular gentleman present.  Unless his daughter is hot—and she does Bitcoin, and vice versa.

Oh my!!!!  I may have been away too long to let you guys get carried away.... [...]

Seems a bit much to be vouching your daughter(s) over to random interweb peeps.

Sound investment and risk management advice.  I would add to avoid the proudhon strategy of shorting your daughter(s) with high leverage.

[Last of the V8s]

It is a truth universally acknowledged that

If you have a dick

You have authority

Weild it

spelling is for pedants https://twitter.com/HodlSovereign/status/1307705082042036230?s=20

[Toxic2040]

the evening wall report


#dyor

Narwhal swims up the fjord at sunrise.
4h


All right...it will be Tuesday shortly and I know, I know..I take full responsibility.

Bull or Bear...it does not matter. Together we stand at the Wall and it is and always shall be my honor to serve with you. Gentlemen...sound general quarters and man your battle stations.
D

#stronghands

[degxtra1]

Sweden needs to tackle the immigration problem otherwise it will slip into a shithole.

Seems that at least they solved their  so called pandemic problem.

Every country is doing things slightly differently, we should try to learn from what works and what doesn't.
Sweden has made mistakes, but their numbers right now show that we should at least consider why they're so low.
They're up across Europe but down there.

https://twitter.com/ProfKarolSikora/status/1306563724317274112

Take a look at this guy twitter too https://twitter.com/carlheneghan

[Last of the V8s]

BREAKING: The OCC and SEC have issued guidance today that permits digital dollars to be backed by U.S. banks. #StableCoin @BrianBrooksOCC. My story includes a few words from  @jerallaire as well @DelRayMan via @ForbesCrypto

https://twitter.com/jason_vtf/status/1308157706235244544?s=20
https://www.forbes.com/sites/jasonbrett/2020/09/21/us-federal-regulators-allow-banks-to-back-digital-dollar-stablecoins/

this has big implications. if you trade tether with a guy in the street, no effing travel rule, right? right?
#fucktheFATF
regulators effing over the unelected cartel knobs? love it.

inb4 muh tether fud just fuck off with that newb shit

[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...

[dre1982]

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...

Guess there will be another dip only the question is when and how deep 

[bitebits]

https://twitter.com/fullbeerbottle/status/1308060615198547970
https://www.nasdaq.com/articles/bank-stocks-fall-after-report-on-industrys-failure-to-address-money-laundering-2020-09-21

[aesma]

Binance Visa Cards Are Now Available in Europe. Get Up to 8% Cashback.
When you use your Binance Visa Card, you don’t have to worry about fees from our side. We charge zero subscription or maintenance fees, and transactions made in Euros are free of transaction charges (third-party fees may apply*). To make the deal even sweeter, for every purchase that you make with the Binance Visa Card, we are offering up to 8% cashback, the highest rate available in the market today! A virtual card will be available to you for immediate use upon approval of your application. 

https://www.binance.com/en/blog/421499824684900992/Binance-Visa-Cards-Are-Now-Available-in-Europe-Get-Up-to-8-Cashback 
read the contract to avoid surprises, but it seems interesting

Another option is always good. No fees is good. Cashback based on how much "Binance shitcoin" you hodl, with the 8% only attainable if hodling 6000 of them, and paid in said coin, is useless. And is not cashback at all.

Also, but that's common, you spend your crypto. I would really like a way to spend the fiat I have on the exchange, since I got that fiat by trading, selling crypto at a good price. Else I'm stuck with buying crypto just before spending with the card, adding fees to fees. If the exchange even allows to hodl fiat, that is.

[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.

[aesma]

Congratulations AlcoHoDL, well deserved.

Indeed, very well deserved.... In a very short period of writing more as before—-> merit followed like crazy :-)

The dude a little more off...... normal going home from holiday on Thursday, was in a paradise hotel @ravello, but went home on Sunday.... Women’s and troubles..... She wasn’t ready for a bitcoiner and perhaps she was the first one to complain that I bought to much things as for myself as for her etc.... learned a lot last six months...

On the other side that was a thing that made her looking good, she wasn’t there for the wrong stuff, on the other side maybe I’m happy as well it ended, but damn why on holiday (wasn’t with a fight or anything)

First actions, installed that tinder crap for the first time in my life and it’s working as it seems 

I totally understand (and agree) with a woman who would complain of spending if you're in a committed, long term relationship (or more, married etc.) and money is a bit tight or could randomly disappear (which is kind of the case with BTC) but at the start of the relationship it's a bit strange.

I was thinking about something, in my country (France) we don't have laws like the UK or US where a spouse gets half your stuff or money, or close to it, in a divorce. Here you get some money if you need it, some money for the kids, and maybe half the house if it has been bought together 20 years ago. If you remarry you only get money for the kids. I mostly agree with the rules here (aside from the relative difficulty for a man to get his kids, but that's the same everywhere). However I feel it's something worth figuring out with a spouse early in the relationship (once it's serious), and for example if the man earns more money (or all the money), instead of just relying on inheritance rules, a marriage contract, or divorce laws, an investment could instead be made in the name of the woman. Real estate, or a stock portfolio, something like that. Maybe a BTC wallet, too.

What do you think ?

[Karartma1]

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.

Sure man, I am like you on this. But, what I am seeing coming from the regulators is making me thinking (just have a look at V8's post up here). Maybe I am a bit naive but I don't want to become rich at the expense of my freedom, if you get what I mean. 
I know I should elaborate more but I am confused.

[Barbut]

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...

Each of us who missed a perfect time to enter or to sell say the same: "next time I definitely will ..."
But if you have not a talent to be patient that will happen again and again. Do not set any next times for your trading, set such targets which will satisfy your interests, like +10% profit or any other number by your taste.
Good luck!

[OutOfMemory]

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

Yes, i am also  a fan of this ladder approach. My message was more for the kind of "i'll sell it all at now, because who knows if bitcoin will ever reach this high regions in the future again"...

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

[AlcoHoDL]

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...}

[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.

Sure man, I am like you on this. But, what I am seeing coming from the regulators is making me thinking (just have a look at V8's post up here). Maybe I am a bit naive but I don't want to become rich at the expense of my freedom, if you get what I mean. 
I know I should elaborate more but I am confused.

I hear you man, I'm concerned too, that we'll end up filthy rich, but unable to enjoy our riches... No joke.

[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