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

[JayJuanGee]

Many feel that this #Bitcoin  market cycle is accelerating faster than 2017. As things heat up it's instructive to look back at past cycles to see how on-chain metrics moved and get some context into our current trajectory.

🧵with comparison charts 👇

https://twitter.com/typerbole/status/1345435497988952067?s=21

Interesting thread

I agree, dude... that is an interesting thread.

It's good to look at the various variations within some of the metrics that are presented within that thread; however, ultimately, it seems that the punchline remains that the amount of variants between the earlier years is NOT really very great or significant in the whole scheme of things.  Sure we might be ahead of schedule, but in the end, does it really matter.. sometimes we might get ahead of schedule and then sometimes fall a bit behind or below schedule.. and in the end it is all within a kind of standard deviation of still being largely on track.. and whether the BTC prices conform to the model or maybe the model ends up getting adjusted a bit in order to conform with king daddy... ..

It's all good.. and nice to review some of the comparisons and the work done by others to make such comparisons.

[edited out]

[talking about supposed various benefits of fucking around with various shitcoins]

Hopefully, you can take that discussion somewhere else.  There are other threads for that, even on this forum.

my grandma is 93. she has been a tarot fortuneteller for more than 50 years. this morning she called me and told me bitcoin was at $34k and that it will hit 80k before a significant pull back. this is unprecedented. in all those years that i am involved in bitcoin, she never made a price prediction. and she rarely ever calls me. (by the way: she will get her covid vaccine tomorrow)

caution! i dont know if she was referring to $ or € when she talked about 80k  

Dammit where is that guy who posted sort of a WO digest here? We need him now. I don't remember his name...

Breaking:
*New ATH today.  
*AlkoHODL fighting covid
*ivomm getting on Forbes list in his home country
*Bullish grandma predicts 80k
*Bawb & Rick buying Texas
etc...

EDIT: xhomer comes up with limited edition hat to commemorate El Dude quitting his McDonalds job  

   

Nice!!!!!!

Trying to steal JSRAW's job, you fuck.

EDIT:

Serveria is the new JSRAW?

WHOAZA!!!!

d_eddie said it before me... 

[1715163633]

1715163633

[1715163633]

1715163633

[1715163633]

1715163633

[JayJuanGee]

Tone Vays is having a 12th birthday forBTC

Looks like even Tone Vays does not know whose fucking birthday it is today.. or doesn't know how to make a cake or a hat  (whatever that thingie might be) with the correct verbiage for that matter.

[JimboToronto]

Tone Vays is having a 12th birthday forBTC

Looks like even Tone Vays does not know whose fucking birthday it is today.. or doesn't know how to make a cake or a hat  (whatever that thingie might be) with the correct verbiage for that matter.

When I went looking for a birthday cake for my morning greeting that was the first that caught my eye but as soon as I saw the "C" word I took a pass and looked for another.

[wxa7115]

Still alive, thanks so much to everyone for your replies and merits. Good advices given that will help me get through this.

You don't fully realise the seriousness of COVID-19 until you get it. I still don't actually know if what I have is COVID-19, but symptoms point to that direction... Should do a test to find out. Until now I'm confined at home with zero contact with others.

Now on day 4 from onset of symptoms. By day 5-6, and if things get serious, I should be getting shortness of breath, at which point I should be admitted to hospital. If this does not happen, then it may be possible to fight this at home on my own. I hope so.

Take care, there is no point in having all that wealth if we do not have our health, do everything you can to get better, while I have not gotten covid myself a great deal of my family has since they are in the healthcare industry and they are exposed to the virus all the time, in fact two of them have covid now and they are very scared about it so I can only hope they are strong enough to overcome the disease.

Sounds like covid. Hate to say this, but I believe in facing reality: Make sure someone has access to your coins. Reason being I have had two people in December die of COVID. Both felt terrible, went to hospital, felt much better in 2 days, talked to me on the phone about how it really sucked, it wasn't the flu and holy fuck what a nightmare including the shits. The next morning both were dead. They go fast after getting "better".

Please take care of yourself and watch this carefully. I hate seeing people die of this completely preventable shit.

While this is anecdotal evidence and has no statistical validity this is my experience with the virus as well, two acquaintances of mine have already died because of covid and this is exactly what happened, they got better and it seemed as if everything was going to turn fine for them only to die suddenly, so once again take care and get better.

[JayJuanGee]

Shit I panic bought a lot at 26800€ and now we go south 

That's NOT how to do it, UnDerDoG81... but if you have at least a 4 year accumulating and holding timeline, it should all work out in the wash.. meaning that decent likelihood that any BTC that you buy at any particular point will be profitable at 4 years into the future.. yet at the same time, nothing is completely guaranteed in bitcoinlandia, as we all likely should realize such a thingie without having to say it (but I said it anywho)

[vroom]

fast moving helicopter

[johhnyUA]

OTHER THEN the taxes you pay on ALL your wealth that you have at the beginning of the year

yeah of course, and moreover, you don't find any my quote where i told other thing. My only assumption was about that in near future some taxes especially for bitcoin holders can appear. We will see it.

Regular income tax like as in tax on earned income from a job/employment..
Probably something like 18% ish.. Depends on how much you make really..

Just saying that I would file and pay tax on a BTC sale at the same time I would file my income taxes all in one bundle.. But they would be taxed separately..
Like, it wouldn’t be 15% ltcg + 18% income.. Just 15% on the sale, and around 18% on earned income separately..

That’s how it worked when I sold a bit in 2017 atleast, gave me audit insurance on it, haven’t heard a word about it since, so I guess it worked..

Understood. I'm just asking because you should know better what is in your country. But in many EU and USA there is "progressive" system of taxation. With different levels of taxation (in USA it's up to 30 %).

And this is all if we are talking about first world countries like USA or EU. In third world countries the prblem of taxation for bitcoin user is the least of all problems (for example, the main problem how to not lost all your bitcoins to corrupted police and government). My initial replica was more about this.

[LFC_Bitcoin]

1BTC = $33,260 $33,696.








Photo credit - https://twitter.com/marcusconnornh/status/1345804497466126336?s=21

[savetherainforest]

I hope all you suckers are using a VPN while sh!tposting around here. ... ROFL !     

[UnDerDoG81]

Shit I panic bought a lot at 26800€ and now we go south 

That's NOT how to do it, UnDerDoG81... but if you have at least a 4 year accumulating and holding timeline, it should all work out in the wash.. meaning that decent likelihood that any BTC that you buy at any particular point will be profitable at 4 years into the future.. yet at the same time, nothing is completely guaranteed in bitcoinlandia, as we all likely should realize such a thingie without having to say it (but I said it anywho)

I also bought some at 21k€, so all good I am optimistic we go at least to 30k€ but expecting 100k€ by years end.

[LFC_Bitcoin]

I hope all you suckers are using a VPN while sh!tposting around here. ... ROFL !     

Where the hell have you been?

[Indymoney]

Shit I panic bought a lot at 26800€ and now we go south 

That's NOT how to do it, UnDerDoG81... but if you have at least a 4 year accumulating and holding timeline, it should all work out in the wash.. meaning that decent likelihood that any BTC that you buy at any particular point will be profitable at 4 years into the future.. yet at the same time, nothing is completely guaranteed in bitcoinlandia, as we all likely should realize such a thingie without having to say it (but I said it anywho)

I also bought some at 21k€, so all good I am optimistic we go at least to 30k€ but expecting 100k€ by years end.

Now after touching this magic figure of $30K all eyes on this another milestone $100K which is surely happening in near future in the name of SATOSHI NAKAMOTO. 

[Dabs]

I can see $50k this year. Maybe even $100k. I can also see $1m in the not too distant future, but not this year or next.

[savetherainforest]

I hope all you suckers are using a VPN while sh!tposting around here. ... ROFL !      

Where the hell have you been?

I've been here around the last 500 pages. But mostly just reading and sometimes giving merits.
If I post something, it usually gets lost in the endless sh!tstorm that I see 100 pages per day (almost). At this rate the gen Z-oom-ers will take over and reach page parity again...    

[hv_]

I can see $50k this year. Maybe even $100k. I can also see $1m in the not too distant future, but not this year or next.

Hm... what do you see in terms of tether and upcoming case?

[serveria.com]

Just wow! My current (unrealized) networth places me in the company of the 900 richest people in my country, according to the official statistics. I guess there are some more hodlers like me not counted by that statistic. Anyway, this is a good occasion to celebrate! Cheers mates! (I've emptied 2 champaigne bottles just celebrating the previous ATH's  )

Lol, this is reason not to celebrate, rather to worry about. If you're in European country, taxes can be up to 50-60 % of your potential wealth (VAT + income tax) and if you're not in EU or USA you should better run there, because in any other country you have a big probability to lost your head not only from bitcoin price rising.

And yeah guys, you can remember my words, but in near future, at least in EU and USA there will be new taxes. And majority of people will support this, because noone wants to feel himself bad while his nerdy neighbor has become a billionaire. in UK for example bitcoin is forbidden now (i know that in fact not "forbidden" but anyway high restrictions)

Here is already memes about how "it's not fair":


So yeah, the great expropriation is coming 

I see this as a new kind of FUD: you're implying that even if (when?) hodlers will eventually get filthy rich they wont be able to enjoy their wealth? That somebody is going to take their coins by force? That they will be despised by the community? This is BS man.    

[Arriemoller]

Hey WOers!

Have been trying to follow WO in these great times. Price is soaring, what a wonderful start of the year. We all deserve it, as our patience, perseverance and belief, are now being rewarded. 2021 should be a great year for Bitcoin, and we'll be here to celebrate it. No memes, no Carolinas, no CCMF. That should tell us something. Price is just too low for those. Perhaps at $50k or $100k...

The year started badly for me, I've been in bed for the last couple of days. High fever (up to 40 degC), diarrhea, it's fucking torture... Could be a cold, a flu, or COVID-19, I don't know. What I do know, is that I had to go to different places the last couple of weeks and most people I met either did not wear masks properly, or not at all. FUCKS! Measured my fever just now, it's 38 degC. It could mean it's subsiding. I hope so.

Lots of merit-worthy posts out there, you guys are awesome, my phone is next to my bed, trying to catch up. No merits to pass on, but that's no problem I see many of you have taken care of that.

Going back to bed, and hopefully whatever bug or virus I have will clear away soon.

Take care all.

BTW, not selling a fucking sat!

I hope you get better soon, follow the advise given, they are sound.

[serveria.com]

Goodmorning.

While sleeping corn dumped with $3000 en went up to another ATH.

This meme was greatly underrated imho. We're going to experience much more of this shit along the way. Like 10k down 15k up kind of moves. 

[eXPHorizon]

Just wow! My current (unrealized) networth places me in the company of the 900 richest people in my country, according to the official statistics. I guess there are some more hodlers like me not counted by that statistic. Anyway, this is a good occasion to celebrate! Cheers mates! (I've emptied 2 champaigne bottles just celebrating the previous ATH's  )

Lol, this is reason not to celebrate, rather to worry about. If you're in European country, taxes can be up to 50-60 % of your potential wealth (VAT + income tax) and if you're not in EU or USA you should better run there, because in any other country you have a big probability to lost your head not only from bitcoin price rising.

And yeah guys, you can remember my words, but in near future, at least in EU and USA there will be new taxes. And majority of people will support this, because noone wants to feel himself bad while his nerdy neighbor has become a billionaire. in UK for example bitcoin is forbidden now (i know that in fact not "forbidden" but anyway high restrictions)

Here is already memes about how "it's not fair":


So yeah, the great expropriation is coming 

Thats why they did Mt. Gox hack. To keep us Poor, to keep a few of those Honest ones poor..

[serveria.com]

Mindrust edition.

OMG this is golden Bawb... the funniest meme I've seen this year...