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

[JayJuanGee]

Who missed the bull move to 13k ?

Who sold at the bottom??

I have not often sold my Bitcoin in the last 7 years...but when I do "I always' manage to have sold at the bottom.

(hey, it's a gift!) Do this enough, and like 'magic', you will find yourself a Bitcoin Hodl'er before you know it!

The 'dumbest' move was selling 13 BTC at $3,900.00 then watching it go to like $3,400 and feeling pretty proud of myself

then it goes back up to $13k like now ..then down again..and now back around $13k..so baring health issues....not gonna happen.

I did manage to get 5 BTC back by 'buying' back in much higher than the BTC was worth when I sold it.....so it goes.

Brad


edit: Those 8 BTC I'm still down look kinda 'daunting' to get back now, don't ya know.

Yep...

surely difficult to make up for those kinds of sales.

You did much better than mindrust, especially since you sold less than 15% of your stash and you were able to bring that back to less than 10% of your stash.. and think about mindrust selling 100% of his stash, and maybe he bought back 10%.. maybe?  And if so, at a pretty BIG loss, no?  And, the BIGGER loss for mindrust was failing to buy back and to suck up some of the losses.

[...]

Just a funny thought: That 1 out of 10 bitcoins Mindrust bought back might one day easily exceed the dollar value of those 10 bitcoins panic sold during the March 2020 ‘coronadip’.

I agree that such "funny thought" is worth exploring since the power of exponential value growth can frequently be under-appreciated - including that when the BTC price is wildly appreciating, there has sometimes been a kind of throwing around of value in crazy ways, that would cause the losing of money in regular scenarios, but when the BTC price is rising like crazy, some folks might lose or throw away 50% of their stash, but still end up being stupendously profitable. 

Take the period of late 2016 to late 2017, there was a BTC price appreciation of more than 28x from $700-ish to $20k-ish, and buying 20BTC at the start would have cost around $14k, but would have been worth around $400k at the peak... so there may have been ways to fuck up the HODLing and trading of BTC for shitcoins and still come out ahead and even gotten more than your $14k back at or near the BTC price peak.   

In other words, nearly everyone becomes a genius by following some of the more basic principles of buying low and selling high, and also NOT doing the opposite of buying high and selling low.... , which second scenario ended up being some variation of how mindrust's situation played out... which is a sympathetic situation to the extent that he was a real person rather than a troll or a fake - and I do tend to believe that he was a real person... so I continue to have sympathies for his situation, even though it remains a good illustration regarding a kind of value of NOT panicking and NOT losing faith in the BTC.

[El duderino_]

https://twitter.com/hasufl/status/1320787086493044737?s=21

[vapourminer]

Ah. The moon has very thoughtfully laid on some water. For when we get there. Next year. Thirsty work, this being a bull.

so when are they gonna bottle it and sell it like perrier?

[Paashaas]

Global cases rises to almost 500,000 new infections.

Covid-19 is rising on a rapid scale in Europe, hospitalizations and ICU's are almost ore at max capacity in some countries. Europe is on the verge of losing control of its fight against Covid-19 and will slowly moving into lockdown (light) 2.0.

Cases in El Paso County in Texas skyrocketed and hospitals reached 100% capacity. Indiana, North Dakota, Montana, Oklahoma, Utah and Ohio reported record single day increases in new infections followed by records in 16 states.

Most parts of Asia seems to be spared.. atleast for now.

But watch out, in the cold winter months the virus will accelerate the spread and deaths even further. Though months ahead, stay save.

[JayJuanGee]

[edited out]

It's true price will be around $20k - $22k because moment it reaches $20k , Hodlers will start selling in small amounts.

For what period are you suggesting that BTC prices are going to be around $20k to $22k, cosmicbtc?

Do you realize that tentatively (and presumably) BTC prices in the $17,250 to $23,500-ish arena is a kind of deadman's zone in BTC prices.. so it remains as not very likely to be accurate to be discussing in any kind of detail anything that might take place in such price zone - especially, since we are NOT likely to be there for very long, relatively speaking.

Of course, in any system, quirks can happen, so I am not saying that hanging out in the deadman's zone for a relatively longer period is not going to happen, and in that regard, we could end up hanging out in such deadman's zone for longer than anticipated, but still, at this time, does not seem to be reality-based to be emphasizing any kinds of bitcoin-related things that may or may not happen within such deadman's zone.

Don't u know nuttin, cosmicbtc?

Oh?  I forgot, u b a newbie.. that may 'splain some of dees lack of focusening matters.


 

If you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what's next (weekly RSI in 70-90 range). We haven't even started!

https://twitter.com/100trillionUSD/status/1320396880929579008?s=20

$150,000 or more before 2022 & it’s going to be fucking glorious.

$150,000 $240,000 or more before 2022 2026 & it’s going to be fucking glorious.

$150,000 $500,000 or more before 2022 2030 & it’s going to be fucking glorious.

$150,000 $1,000,000 or more before 2022 2034 & it’s going to be fucking glorious.

Never sell all your Bitcoin but if you want taking some profits prefer selling at each 4-year cycle high.

I stopped talking about the price to my father because whatever it is, his answer is "sell, sell now !". I explained I'm not selling anymore until I'm a millionaire but he can't conceive BTC could make me one.

Hopefully, he will live long enough for you to be able to tell him:  "I told you so."  At current prices (near $13k), you would need around 77 coins..., but if prices go to $100k, then you would only need 10 coins.... So I am not sure if 10 coins are in your reach or if you are going to need BTC prices to go higher before you are able to wag your pointing finger at pops.

[AlcoHoDL]

About mindrust, on a serious note, I just can't understand why he did what he did. I would expect such panic selling from a newbie, someone who doesn't know much about Bitcoin, like my mum & dad maybe. But the picture I had of mindrust, was of a seasoned, experienced player. And sell 10 BTC @ under $4000 a piece to get what? $40k? Does that justify losing the chance of a lifetime?

[ --- insert Capt. Picard facepalm meme here --- ]

[600watt]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

[bkbirge]

Just saw this today, a fun read. Something you can point the bears to when they inevitably start whining about tulips during the upcoming bull run...
https://getpocket.com/explore/item/there-never-was-a-real-tulip-fever

In fact, “There weren’t that many people involved and the economic repercussions were pretty minor,” Goldgar says. “I couldn’t find anybody that went bankrupt. If there had been really a wholesale destruction of the economy as the myth suggests, that would’ve been a much harder thing to face.”

[cAPSLOCK]

Voted.

Yah me too. I was a bit bearish.



how bout you if it's ok to ask?

Me too.

well sheeeeeit






--------

charts

#dyor

1h


4h

#stronghands

[bitcoinPsycho]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..

$3.63   thats pure shameless extortion

[JayJuanGee]

Sheeeeit

 Dammit Bob!  I was having a pretty good day until you had to go and say that.   

Was my thought too.. saw his post and didn't even have to look at the price.  When I finally did it was not as bad as I had feared... also this:


Just a little perspective.

I am having some difficulties being pessimistic about BTC price movements in recent months. 

More specifically, on a personal level, in nearly the past two months (since September 3), I have only had one BTC buy order execute, and I have had around 10 BTC sell orders execute... which means that the BTC price has mostly been going nonstop UPpity during that time. 

Sure, Bitcoin prices do not tend to go straight up, except during extremely bullish periods.. yet from looking at my own books, we seem to largely be experiencing a decent amount of largely straight UPpity BTC price actions with hardly any meaningful and/or significant price corrections along the way...

I am surely ONLY making an observation, and I am NOT complaining because as many of the regular folks in this here WO thread likely realize I set my BTC orders in such a way that causes me to hardly give any shits about which direction BTC prices head in the shorter term (months or a few years), so long as they largely go UPpity in the longer term (like 4-8 years or even more)... which seems to be what has been happening with our lillie fiend, aka dee bitcoins...

Even looking at the shorter term, we seem to be experiencing ongoing bullish as fuck BTC price actions, so I hardly see any reason to be concerned about if we might hav some we lil blip along the way, here and there, which surely should be reasonably expected to happen, from time to time in bitcoinlandia.

Even if we were to experience some kind of BIG ass correction (and test) down to $10k-ish..., that does not seem unreasonable and sometimes happens in bitcoinlandia... not sure if we can write off 4 digits forever, but surly NOT out of the question that we might be getting close to being able to engage in such writing off of 4 digits, too.. ... hahahahahahaa   

I, personally, am interested to see what happens when we get close to testing our quasi-local top (from late June 2019) of $13,880... we going to get above such price range?  or hang out in that area or lower for some amount of time?

[LFC_Bitcoin]

Could $13,000 begin to act as a new support? We’ve dipped below several times now (all the way to $12,8xx) but bounced back over $13,000 every time.

Bears are failing to get control atm, I’m just wondering if the next fairly significant move will definitely be up? It’s beginning to look that way.

I’m calling a new high (since it was $13,8xx last July) by the end of the month. $14,000 before November

[Febo]

Covid-19 is rising on a rapid scale in Europe, hospitalizations and ICU's are almost ore at max capacity in some countries. Europe is on the verge of losing control of its fight against Covid-19 and will slowly moving into lockdown (light) 2.0.

Yup Europe was hit hard by second wave. Czech Republic, Belgium, Netherlands, Slovenia in the lead. It is funny Slovenia had very little infected in the first wave and during summer had almost no cases. Luckily we have only state owned lazy public service healthcare that have gazillion reserves. So now when they will have to do it with max efficiency, they will be suddenly 10 times more efficient

[bitebits]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Now you are just showing off, 600 

[600watt]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Now you are just showing off, 600 

found it on reddit. the usual exchange trick I guess. 80k btc is unfathomable..

[Hueristic]

About mindrust, on a serious note, I just can't understand why he did what he did. I would expect such panic selling from a newbie, someone who doesn't know much about Bitcoin, like my mum & dad maybe. But the picture I had of mindrust, was of a seasoned, experienced player. And sell 10 BTC @ under $4000 a piece to get what? $40k? Does that justify losing the chance of a lifetime?

[ --- insert Capt. Picard facepalm meme here --- ]

He was (is?) a true Masterluc disciple, that should explain it all.

[bitebits]

https://twitter.com/denizmsaat/status/1320755173065658369

[ivomm]

It seems that JP Morgan's leaked document is authentic. It was posted only on twitter by Dan Tapiero as an image (I know someone shared it here, but I repost it for convenience):



https://twitter.com/DTAPCAP/status/1319703750450302980

After that he posted another one:



https://twitter.com/DTAPCAP/status/1320429184993427459/photo/1

---------

Who would have thought that one of the biggest sources of Bitcoin FUD and mockery would make such a sharp U-turn? It is as if I'm reading some post from one of our WO hodler members.   If JP MOrgan predicts incoming 100K price target as a minimum top for the next cycle, what can now say the pathetic trolls who pretend to have some knowledge about science and math?

The implications will resonate worldwide. The banks can't pretend to ignore Bitcoin anymore. They will have to study more seriously both the technology and the free market and start facilitating Bitcoin's use by their clients. Like what is doing Bitwala for some time. And as a part of this process the symbolic Bitcoin ETF should be expected provided some big company like Grayscale makes a good proposition. No wonder the inflows to the exchanges in the last days are so low, despite the highest price in 1-2 years! Big expectations create a self-fulfilling prophecy. What can I say? Be careful with the pizzas! 0.1BTC spent for something that is not so necessary now, will be be worth > $10K very soon!   Remember Laszlo... and mindrust!

[Biodom]

wow. look at this transaction:

more than $1 billion worth of btc...

https://www.blockchain.com/btc/tx/d486aeb0e59181fd1addb4aa69ce04d638188fc1125c424899267e8ed6a8af24

muahaha... check the fee. ..


edit:

found a bigger one:

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Now you are just showing off, 600  

found it on reddit. the usual exchange trick I guess. 80k btc is unfathomable..

it's just numbers... I can easily understand 80btc, 80K is just 1000 times more.
Like a weight of a big size human vs a smaller (young) guinea pig. I can dig that.
At some point i was doing mental calculations of various objects and/or timelines comparison.
My favorite is this:

You know that little silent flies flying around oranges and apples (they are called fruit flies-one of the favorites in genetic research).

One day, while shopping at a grocery store and seeing those flies and pondering about life I made a calculation that the proportion between that fly body weight and a male body weight of, say, 75kg, is almost exactly the same as a proportion between the 40 year person lifespan (maybe I was 40 then, the history is silent) and the age of the Universe (13.6 bil years) is roughly the same (almost an exact match). Since the fly is a clearly visible macroscopic creature, maybe our lives also have some meaning even in comparison with the lifespan of the Universe.

We are visible even in such time-frames.

for those who want to confirm my calculations:
fruit fly weight is 0.22mg (2.2X10^-4g); universe age 13.6X10^9 years

[Icygreen]

https://blockchair.com/bitcoin/block/654321

74,400BTC = almost 1 billion
new positions I hope