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

[HairyMaclairy]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

4 digits is no longer possible.  That time has passed.

[JL0]

"Slowly but surely this is beginning to look like (the start of) a bull market. Best ever #bitcoin

month in $ terms (+$5400) and RSI crawling towards bull market levels."



PlanB: https://mobile.twitter.com/100trillionUSD/status/1331222894186258432

[Globb0]

Thread seems pretty dead for beating on a new ATH no?

Or you all to busy crossing your fingers and rubbing your hands together?

Shut up Eddie unless its written on a naked ass we dont want to see it.









xxx

I had 19k written but it didn’t happen till I was gone the next day..

Cross your fingers for an ath while I’m “home”...

Good luck with the "moon shot"

[Spaceman_Spiff_Original]

https://youtu.be/f8OHybVhQwc?t=64

Knockin' On Heaven's Door

[nullius]

overinvested in bitcoin

It’s funny.  I never hear people say, “overinvested in (dollars|euros|whatever)”.  ;-)

Can one be overinvested in money?  Is that like allocating too much cash in your portfolio?

Firing at random, for I am now something like 20 pages behind WO.  ATH yet?

If all your bills are denominated in bitcoin, then no problem to keep all your money in bitcoin -otherwise, if you have bills in dollars, you might be forced to reallocate some of those 100% bitcoins into dollars in order to make good on those bills.. and you may end up making such conversion at a time that is not of your choosing.

Point taken—as consistent with hard experience, personally.  My remark was tongue-in-cheek, wink-wink ;-), just because I am unavoidably amused at the notion of being “overinvested” in money.

If I walk up to any random business and ask them if they will take bitcoins to settle or to render a good or service, there are pretty low odds that such random business is going to agree to transact with me in bitcoin.. because likely their first response would be, "what's that?"  No one wants to appear dumb, of course, so they might fake it and they may have even heard of it, but they are not set up with an ability to receive bitcoin, an they might be reluctant to set up such ability, especially if they are approached from random peep (namely yours truly) off of the street.

The last time that I tried this, the response was dismissive:  “It may go to zero.”  The business proprietor knew what Bitcoin was.  He thought that it was a stupid idea.

That was when Bitcoin was in the doldrums around $4k–5k for a long time.  Maybe I should try it during a FOMO bull run, rather than a bear market.

I do think that business owners should immediately swap to Tethers^* the exact amount that they project they will need to cover their fiat-denominated Accounts Payable in the short term (approximately the marginal cost to them of the underlying merchant transaction), for the reason that you state to me personally:  Losses and potential insolvency are bad for business, too!

I have considered writing software to support this, but it got kicked down on the priorities list...  It is something that BTCPay Server should consider, to solve their weak point that keeps many businesses stuck on outsourced payment acceptance.  (Many ideas here, will omit for now.)

* Much better than using Shitpay!

[_javi_]

It’s when the $ exceeds the number of pages on the WO.  Obviously.  

$27,600, the Real All Time High  

The ath is @ $19666+1

Then we will enjoy daily aths for some time.. until we reach the cycle top.. and i pray the lord its not only at current page parity 

[bitserve]

overinvested in bitcoin

It’s funny.  I never hear people say, “overinvested in (dollars|euros|whatever)”.  ;-)

Can one be overinvested in money?  Is that like allocating too much cash in your portfolio?

Firing at random, for I am now something like 20 pages behind WO.  ATH yet?

Yes, from a financial perspective, you can be overinvested in $, € or whatever kind of asset. It's all just about balancing/hedging a portfolio. YMMV.

With Bitcoin, due to its extraordinarie appreciation over time, it is somewhat easy to become "overinvested"... even if that was intended or not.

I am probably "overinvested" in Bitcoin currently... but YOLO. Again, YMMV.

[HairyMaclairy]

Start of the bull market?   Motherfucker we have been in a bull market since the Halvening. 

[kellrobinson]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

If IMHO be wrong, then what?   Corn might stay under twenty k for months, right?  Then moon.
And who is this "friend," anyway?

[Millionero]

Just in case it was a bad meme keeping him away, I'll make him feel a little better by posting worse.

Don't show that dingle-dangle to Bob, he might get ideas.

[600watt]

what a beauty. well done, yefi!

https://bitcointalk.org/index.php?topic=138109.msg55675550#msg55675550

[soullyG]

[dragonvsandroid]

Start of the bull market?   Motherfucker we have been in a bull market since the Halvening. 

My thoughts exactly. Too many people asking " When bull market?". Did they not notice price has gone parabolic and doubled already?? This is the bull market, clearly...

[Phil_S]

Don't show that dingle-dangle to Bob, he might get ideas.

I just hope he won't get any ideas from eddie. If he starts eddie-posting, we're in thouble.

[dragonvsandroid]

My selling purposes is only for living expenses, tax related, the inevitable consequence of going all in  

Can you explain this? :-)

Yes, I can.  The dragon is overinvested in bitcoin, and therefore he has to shave a bit of the corn off in order to pay some expenses.

Exactly! I put in the rest of my money that I couldn't afford to loose from the 10K dip, raising my average slightly but not too much. The risk reward told me to do so. Best decision ever, but now I need those euros back at a tidy profit  
-DvsL

[dragonvsandroid]

overinvested in bitcoin

It’s funny.  I never hear people say, “overinvested in (dollars|euros|whatever)”.  ;-)

Can one be overinvested in money?  Is that like allocating too much cash in your portfolio?

Firing at random, for I am now something like 20 pages behind WO.  ATH yet?

Yes you can be, I am, see above. If the state accepted BTC for taxes, I wouldn't have this "problem".
Fyi, my state doesn't. Hence "overinvested".

[aesma]

How you going to pay in BTC if the person refuses to accept BTC..?  Hold a gun to their head?  You cannot assume away the point that I was making by saying, "if you pay in BTC" when you have not even gotten to that point yet, can you?

Of course. However some places do take BTC, yet I've never seen one whose prices are BTC nominated, and don't move with the BTC/USD price. So in reality the prices are still un USD (other fiat).

[friends1980]

Thread seems pretty dead for beating on a new ATH no?

Or you all to busy crossing your fingers and rubbing your hands together?

That's what happens when people have to stare at the same price for days and days. Being close to an ATH becomes irrelevant and boredom sets in.

You won't find any clearer real-life definition of luxury problems.

I've put a bottle of champagne in the fridge, will pop it as soon as ATH is crushed.

(buy your stock of champagne for the next 3 years people - prices are ridiculously low atm, since meetings and parties are forbidden, therefore there's a huge overstock)

[nullius]

overinvested in bitcoin

It’s funny.  I never hear people say, “overinvested in (dollars|euros|whatever)”.  ;-)

Can one be overinvested in money?  Is that like allocating too much cash in your portfolio?

Yes, from a financial perspective, you can be overinvested in $, € or whatever kind of asset. It's all just about balancing/hedging a portfolio. YMMV.

It is sound thinking!  You avoid some deleterious illusions.

Most people think of buying Bitcoin as an “investment”, and selling Bitcoin as “cashing out” into what is not perceived as an investment.

Whereas I never perceived Bitcoin as an “investment”.  (I would be richer if I did.)  It’s just my savings.  I used to keep my savings primarily in paper cash; now, I keep my savings primarily in Bitcoin.  *shrug*

With Bitcoin, due to its extraordinarie appreciation over time, it is somewhat easy to become "overinvested"... even if that was intended or not.

I am probably "overinvested" in Bitcoin currently... but YOLO. Again, YMMV.

* nullius is jealous:  I wish that I were “overinvested” in Bitcoin!  :'-(''''''

If the state accepted BTC for taxes, I wouldn't have this "problem".
Fyi, my state doesn't. Hence "overinvested".

Sure, understood.

I could make one for the ECB and European states, too:

Meanwhile, sheep are made mutton.

I said “conjoined twins” for a reason.  Study history, economics, and political philosophy.
It is no accident that they arrived almost simultaneously—both with roots c. 1909 from earlier seeds, both signed by Wilson in 1913.
They are parts of an integral system.

[vapourminer]

Oh, crap, there goes the neighborhood...we are getting monoliths now...

https://www.npr.org/2020/11/24/938572857/helicopter-pilots-spot-strange-sci-fi-looking-object-in-utahs-red-rock-country

they checked it out-no sign of any messages or btc "words" so far

but does it have the critical 1:4:9 ratio in its dimensions? ive only seen the one angle shot of it.

been in the sun for a while now too looks like. the aliens were advised of its discovery long ago. at least the strange compulsions i get while looking at it gives me that impression.

ps and i can now tie awesome knots