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

[aesma]

https://twitter.com/AWice/status/1329711958853967873

So true. Hadn't used ETH in 18 months. Then decided to put some eurofiat on bitfinex USD lending (more than 20%APY at the moment), bought ETH with euros, sent to bitfinex, sold for dollars...

The speed of the transfer was staggering, good job ETH.

[V8s Road Warrior]

There was this member called Eddie
Claimed he'd taken up with a new reddie.
He regaled us with tales
With many likely details.
But we all knew Eddie's reddy was his teddy.

[JayJuanGee]

Here I am in the Wall Observer thread in November 2020, when for the first time in quite a while, it seems there's some significant Walls to Observe.


Lots of folks wanting to cash in now that we're near ATHs again it seems ^_^

Don't you know nuttin, Qoheleth?  #nohomo

Those kinds of walls tend to indicate that the price is going up, rather than going down.  It's a kind of last ditch appearance of desperation of the inevitable (well damned close to inevitable.. since nothing is actually "inevitable" even matters that appear as so) UPpity.

Here I am in the Wall Observer thread in November 2020, when for the first time in quite a while, it seems there's some significant Walls to Observe.

Lots of folks wanting to cash in now that we're near ATHs again it seems ^_^

Completely understandable. People that bought near the top of the last rally are finally in the green again, so they might be looking to get off the roller-coaster.

My ex wife bought near the ATH a few years ago due to FOMO.  I'm sure she has long since forgot about her coins.  I've been contemplating if I should tell her to check (resulting in instant selling) or do her a favor and not mention anything to her...

#MoralDelema

Surely sounds like an outlier case to buy and to completely ignore for nearly 3 years.

[BobLawblaw]

Guys.

My body is feeling pretty fucking ready right about now.

[explorer]

Guys.

My body is feeling pretty fucking ready right about now.

You will need some maintenance doses of WHY to get you along to the Nov 22-24 range ATH then...

[lightfoot]

Definitely recommend redheads 100%!
My new one woke me up this morning (for my new awesome job) by getting on top.. Freckles and grey/blue eyes.. Can’t even see her eyebrows from more than 10” away, not a dark hair on her entire body.. Mmmmmmm... So yummy...
Corn is up..
Life is pretty good..

I have dated more than enough redheads in my time, got to the point where I had to call my insurance agent so she could properly adjust my rates.

[lightfoot]

Guys.

My body is feeling pretty fucking ready right about now.

I still feel some sorrow that you sold so low. But things do happen and someone else needed those cheap coins.

Ah the days when a bitcoin was only $16,500. I remember them so fondly......

[JayJuanGee]

*drying off with $8,000 towel.*

That's EPIC!

In my case, I'm currently using a $2000 Trezor...

At least we haven't been eating $90M pizzas (yet)!

I have a couple $1,300 sandwiches

Dont forget my $33,000 iphone 6..

(1.8 BTC on feb 2016)

I had a bloke code some stuff that I can code now myself in 1 hour. Only 25 BTC  

Whoaza Wekkel!!!!! - showing us BTC newcomers how early of an adopter you were.

Hopefully, you have held onto some of those early OG coins along your journey.  

ATH and then a good correction, rebuilding base.

Pump to $25,000, then a correction to $20,000 would be preferable 

my opinion ? i think 20k $ is a nightmare to traders now , ibitcoin gonna spend days before it  break  with the enough volume , maybe this altcoins turn for a bullrun .

Makes sense. ETHBTC looks like bottoming out so the BTC train may indeed spill over to the alts, much to the chagrin of the Maximalists.

I see that we still have shitcoin season hopium intermingling with us in these here parts, I see....  Maybe shows where some of your bitcoin stash may have gone, Wekkel...   My condolences for your losses.  If not for your finances, at minimum for your demonstration of (and no fears to show it) ongoing fuzzy thinkenings... still waiting for the flippening, right?

[lightfoot]

Hm. Apparently I can "buy" "bitcoin" in Paypal. However I have to set up a "cash account" and they want my SSN/TIN and DOB.

I don't think I ever gave them that before. Need to think about this for awhile.

[rolling]

Hm. Apparently I can "buy" "bitcoin" in Paypal. However I have to set up a "cash account" and they want my SSN/TIN and DOB.

I don't think I ever gave them that before. Need to think about this for awhile.

What a rip off. 0.5% spread plus a percentage when buying and again when selling. Greedy corporate slugs.

https://www.paypal.com/en/webapps/mpp/paypal-fees

The transaction fees are based on how much cryptocurrency (“crypto”) you buy or sell. The exchange rate you’ll see before buying or selling crypto will also include a cryptocurrency conversion spread. There’s no fee for holding crypto in your account.

Purchase or sale amount   Fee
1.00 – 24.99           USD   0.50 USD
25.00 – 100.00       USD   2.30% of purchase or sale amount
100.01 – 200.00     USD   2.00% of purchase or sale amount
200.01 – 1000.00   USD   1.80% of purchase or sale amount
1000.01 USD+                   1.50% of purchase or sale amount

[heslo]

Guys.

My body is feeling pretty fucking ready right about now.

I still feel some sorrow that you sold so low. But things do happen and someone else needed those cheap coins.

Ah the days when a bitcoin was only $16,500. I remember them so fondly......

Don't feel sorrow, Bob set him and Rick up for life while still holding onto what I assume is still a fair bit of his stash. He played the game right and won. Celebrate it!

[vapourminer]

Guys.

My body is feeling pretty fucking ready right about now.

I still feel some sorrow that you sold so low.

why? if he has more coin and later the price goes stratospheric it makes no real difference what the price was that he just sold at in the end. if you sold corn at whatever price and now have enough fiat (or whatever) for your immediate plans, plus spare corn for later, its future value increase will surely suffice.

unless youre just a pure greed kinda guy. nothing wrong with that i guess but its not my gig.

[JayJuanGee]

Where that fear and greed update??

Hahahahaha

Fuck that shit.

Remember last week, or was it a couple of weeks ago, there were quite a few folks in here vociferously proclaiming that a correction was imminent based on such fear/greed index showing "too greedy"  blah blah blah..

25k to 30k = July 2019 price of 13k for a miner's profits

Just saying we are not there yet.  To me we correct in the 25k to 30x range Jan-feb 2021

78k = dec 2017 price of 19.9k for a miner's profits

and at least pass 50k in fall of 2021.

Personally, I doubt that whether miners are profitable or not, or the extent of their profitability indicates where bitcoin is likely to go, even though I agree with you that some kind of decently sized correction could happen in the $25k to $30k range.  Part of the difficulty that we are having here is that BTC prices pretty much shot up from around $10k in early September to our present prices that are almost hitting $19k... and we have not had any kind of meaningful correction during that whole time.. so we have entered into the deadman's zone of $17,250 to $23,500-ish without any meaningful correction - which could end up throwing a monkey wrench into what would have otherwise been expected pass through behaviors within deadman's zone...

So, there you have it.. a kind of strange situation that continues to present UPpity dynamics, even though a downward correction is somewhat justified, too... but such downward correction dynamics does not seem to be as strong, currently, as the seeming need to visit ATH territories in the coming days.. maybe even hours, at the rate we have been going in the past couple of days.

[bitserve]

Hm. Apparently I can "buy" "bitcoin" in Paypal. However I have to set up a "cash account" and they want my SSN/TIN and DOB.

I don't think I ever gave them that before. Need to think about this for awhile.

He used some part of his stash to finally set him and Rick for life (or sorta) while still holding an extremely healthy stash that now he can let run to whatever price without much stress. All in all I think he did well hedging there.

[Toxic2040]

the evening wall report


$18.9k is breached gentlemen...the final assault for a new ATH is upon us. Steady as she goes.


#dyor

1h


4h

#stronghands

[explorer]

Can you hear that?  That's not popcorn.

 That's   Supply Crunch.

[JayJuanGee]

*drying off with $8,000 towel.*

That's EPIC!

In my case, I'm currently using a $2000 Trezor...

At least we haven't been eating $90M pizzas (yet)!

I have a couple $1,300 sandwiches

Dont forget my $33,000 iphone 6..

(1.8 BTC on feb 2016)

I had a bloke code some stuff that I can code now myself in 1 hour. Only 25 BTC 

let's go back to the year 2015. January of that year. bitcoin had been falling falling falling, nothing but falling ever since peak of 2013. a peak that I did not sell. it wasn't "fuck you -I am retiring" amounts of fiat worth that my btc stash was worth on that peak, but it surely was more money than I had ever dreamed of possessing. yeah, saw it all dwindle. like water you try to hold in your hand. I got seriously invested in 2013 and all I saw in that year were fucking immense fiat gains. evaporating fiat gains all through 2014. hired a manager for my business. he demanded me to invest some cash into the business and I thought he was right, I should invest in my business. 2014 had left me disillusioned. in January 2015 bitstamp got hacked and since I was on the brink of selling I had lots of btc on that exchange in that moment.
whooosh - all gone. like another mtgox. I freaked out completely. in the back of my mind I thought that bitstamp would somehow not end up like mtgox 2.0, but that was just a feeling.  I had to reconsider my attitude towards bitcoin. it dawned on me that it was just a speculative pipe dream I was curating here. fuck this shit. I own a real life business that made me decent money and I also liked the work. why the fuck was I chasing some weird "get filthy rich" scheme when I had a decade long business that worked quite well? I almost gave up. almost. decided that if bitstamp would recover I would sell 100 btc and put into my rl business. bitstamp did recover, got all coins back.

so I did. sold in February 2015. got €20k and invested that in the business. posting this so noobs can learn and not do the same mistake. never sell your precious corn. that was $1.8 mio mistake, currently. if you sell 10btc during next dip it will be the same in a few years. if you sell 1 btc during the next bear, it will be the same in a few more years. hold on to the holy corn.

Oh my 600W.... I cannot recall hearing that story... .. It is quite ironic how many of us can come to the wrong kinds of decisions from time to time... .. yet I would imagine that since you got into BTC in 2013, those 100BTC were still profitable.. or at least they should have been... .. even though you only got about €200 for each of them... ... such a gut wrenching story, and I can appreciate that any of us could arrive at some kind of similar conclusion.. because your conclusion was not illogical.. it only seems to be bad when we look at it with rearview glasses.

[Biodom]

Where that fear and greed update??

Hahahahaha

Fuck that shit.

Remember last week, or was it a couple of weeks ago, there were quite a few folks in here vociferously proclaiming that a correction was imminent based on such fear/greed index showing "too greedy"  blah blah blah..

25k to 30k = July 2019 price of 13k for a miner's profits

Just saying we are not there yet.  To me we correct in the 25k to 30x range Jan-feb 2021

78k = dec 2017 price of 19.9k for a miner's profits

and at least pass 50k in fall of 2021.

Personally, I doubt that whether miners are profitable or not, or the extent of their profitability indicates where bitcoin is likely to go, even though I agree with you that some kind of decently sized correction could happen in the $25k to $30k range.  Part of the difficulty that we are having here is that BTC prices pretty much shot up from around $10k in early September to our present prices that are almost hitting $19k... and we have not had any kind of meaningful correction during that whole time.. so we have entered into the deadman's zone of $17,250 to $23,500-ish without any meaningful correction - which could end up throwing a monkey wrench into what would have otherwise been expected pass through behaviors within deadman's zone...

So, there you have it.. a kind of strange situation that continues to present UPpity dynamics, even though a downward correction is somewhat justified, too... but such downward correction dynamics does not seem to be as strong, currently, as the seeming need to visit ATH territories in the coming days.. maybe even hours, at the rate we have been going in the past couple of days.

Yea, I agree that we don't have to exactly match 2017 miner profits, although it would have been quite nice if we do.
Still, unless bigger institutional FOMO materializes, it is quite possible that we would dip at around ATH and not later (at 23-25K).
However, if we are in a hockey stick followed by hyperbitcoinization, much higher prices are possible.
Regarding everybody posting how much various items are now worth-there was a simple remedy available: replace sold btc with new btc bought for fiat the instant you sold "prior" btc. In this situation, the amount that you paid in btc becomes irrelevant, unless you consider that you would have had more (but you really would not since you only bought btc as a replacement).

[lightfoot]

Hm. Apparently I can "buy" "bitcoin" in Paypal. However I have to set up a "cash account" and they want my SSN/TIN and DOB.

I don't think I ever gave them that before. Need to think about this for awhile.

What a rip off. 0.5% spread plus a percentage when buying and again when selling. Greedy corporate slugs.

https://www.paypal.com/en/webapps/mpp/paypal-fees

The transaction fees are based on how much cryptocurrency (“crypto”) you buy or sell. The exchange rate you’ll see before buying or selling crypto will also include a cryptocurrency conversion spread. There’s no fee for holding crypto in your account.

Purchase or sale amount   Fee
1.00 – 24.99           USD   0.50 USD
25.00 – 100.00       USD   2.30% of purchase or sale amount
100.01 – 200.00     USD   2.00% of purchase or sale amount
200.01 – 1000.00   USD   1.80% of purchase or sale amount
1000.01 USD+                   1.50% of purchase or sale amount

Much better than the average bitcoin ATM. Still, the fact that I can't transfer it into my real wallet means it's not really bitcoin. Kind of like E-Gold where they said that every ounce was backed by real gold. Kinda.

[lightfoot]

Hm. Apparently I can "buy" "bitcoin" in Paypal. However I have to set up a "cash account" and they want my SSN/TIN and DOB.

I don't think I ever gave them that before. Need to think about this for awhile.

He used some part of his stash to finally set him and Rick for life (or sorta) while still holding an extremely healthy stash that now he can let run to whatever price without much stress. All in all I think he did well hedging there.

Agreed. But much as we chuckle about my 8,000 towels we'll snicker at his billion dollar freed slave..... :-)