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

[JayJuanGee]

I was on the verge of further selling a bit, but i have no idea how to spend the fiat, and i don't need money for finishing my house, yet.

Of course, if you have a specific expense in mind, then it does not hurt to shave a bit of BTC off on the way up, because it could become problematic, if the time comes to spend the money on the house, for example, and you have not adequately prepared for making sure that you have enough money because BTC prices dropped to below they had been when you could have shaved a bit off.

So sure, I am do not have details about what you have in mind, but if you specifically have such expense in 6-12 months, then you could consider shaving off 20% of the expense now.. and then just waiting in regards to what to do for the other 80%..  

In my humble bumble opinion, such 20% shaving would be better than 0% shaving and just waiting it out.. of course, if your house expense might get deferred for a couple of years without anyone getting upset with you because of your gambling addiction, then sure, maybe you could merely wait it out without taking any reasonable/prudent shaving actions..

Another thing is that we do have a decent number of models that suggest that our current cycle is likely to last at least through this calendar year, but sure we also have decent models that reasonably suggest that we could end up with a 2013 style double top rather than a single top, and sure either scenario is possible, including some scenarios that end up causing our current price location to be the top rather than later down the road.. so you are likely in a better place than me, when I was planning expenses in the beginning of 2018 that ended up coming due.. more or less at the end of 2018 at a relatively inconvenient time, as many of us likely realize after the fact and likely even realized during (or immediately before) such late 2018 happenings.

Pumpin' for 57 it seems.

8.5% increase in entire crypto market since yesterday. 

1 trillion in BTC is nothing yet.

In these here parts, we do not measure the "entire crypto market" because 1) we hardly give any shits about some kind of apparent "entire" blah blah blah.. and 2) we tend to have preferences to not get mislead by bullshit idea-ers (such as the cave-dwellers in the cave allegory) when focusing what king daddy is doing or might do.

Sure you might consider what is going on in areas outside of bitcoin and related to bitcoin blah blah blah.. but it remains a bad practice to present such broader ideas as if they were somehow helpful in understanding dee king.

By the way, new ATH spotted while I was writing the second part of this here post, and $58,000 touched upon within the past few seconds.. while typening... of course, expecting such $58k to be broken soon.^tm

[1714905464]

1714905464

[1714905464]

1714905464

[1714905464]

1714905464

[vroom]

it's choppening!

[AlcoHoDL]

Another Sunday, another ATH. Or two...

Dollar-ATH: $58,000 [Bitstamp]
Euro-ATH: 47,815 € [Kraken]

Onwards & upwards!

HoDL.

[Agapios]

New ath on stamp, yipe, my 50 check of price today

I was considering selling 1% at 50k, but i changed my mind lol and sold nothing.

So i moved my plan and i am considering to sell 1% at 100k, but i might change my mind again and sell nothing at 100k.

[Parazyd]

it's choppening!

Get to the CHOPPA

[_javi_]

There was a twat at stamp flashing a mini 15-18 BTC sell wall at $57990..
He saw the tide coming and chickened away (with fewer coins in his pocket)

[Agapios]

Its green green and green on stamp

[d_eddie]

@MMCrypto
1 #BITCOIN  IS NOW WORTH MORE THAN 1 KG GOLD!
https://twitter.com/mmcrypto/status/1363467875692994560?s=21

Not if you include the completely ridiculous premium on gold rn.

And good luck even finding a kilo of gold in stock, anywhere.

I think it's perfectly fine to buy gold certificates with btc. Gold certificates are "as good as gold", amirite?
/s

Let's buy gold certificates with btc certificates. They send us paper gold, we send them a pretty email - a pdf file, even! - stating they own the btc. Of course, we keep the keys until we touch the yellow stuff. It's only fair.  

[JayJuanGee]

At $57,600 the price will have doubled in less than a month.

Going from past experience this usually leads to doubling again in about half that time, and then another.

My theory is that the doublings decrease each time.

There's probably TA based around that but I just go by that.

But this market is not like the previous ones.  And I have no idea what that means including it might do exactly what you are predicting.

But we have never had big institutional money coming in like it might be now...  

It may never turn into an unstoppable force and an ummoveable object, but the buyers might just keep appearing while the remaining holders get tighter and tighter.  I am actually more worried this goes hyperparabolic and ends up more vol...

I am going to stop typing.  I have no idea what is coming.  I do not think we have a historical frame for it.

Of course, we have a framework... Don't be coming off as a newbie with your purported statements of futility...        

Merely because the entrants might be BIGGER and more than expected does not signify that they break the models, even if they cause the models to become more bullish than previously expected, and there are even a decent number of credible model creators (and analyzers) who also accounted for scenarios in which the models might end up underperforming actual happenings, but still, does not mean that the model is broken, but could mean that the curves of the models might need to be shifted UPpity, no?

growing to 56000 now, drop to 5600 after

We better brace our lil selfies for the proclamations of a Nostradamus wannabe, also known as aleviaslo.....

 

He's been correct before, right?  hahahahahaha... I really doubt it.

Going from past experience this usually leads to doubling again in about half that time, and then another.

To me it means things are getting frothy. But first $100k  

For sure, continuous doublings in shorter periods of time is hardly sustainable for very much time... but still, there remains a question of "when?"

Good Morning BTCLand ... OMG .... We are $1000 down ... We are in a Bearmarket again ... We all gonna die pur... D:

Let the corn take a breath He run yesterday over 6 miles basically without pause.

It's weekend, maybe we see some dumps to buy the dip (not me, out of fiat) or we see today or tomorrow a new ATH, again. (we have to be careful, not that seeing every day a new ATH begin to boring! )

There's nothing better than a mega-pump right after a dump for ants...

Is your body ready?

hahahahaha

That's for damned sure.

[free-bit.co.in]

https://fiatmarketcap.com/


BTC Dominance: 0.92 %

 

[bitcoinPsycho]

[Sayeds56]

https://fiatmarketcap.com/


BTC Dominance: 0.92 %

 

60K is around the corner now.



https://www.reddit.com/r/CryptoCurrency/comments/lotnge/you_know_youre_in_the_right_direction_when_you/

[Phil_S]

2x from Jan 1 to Feb 21...

[El duderino_]

5 8 K dollars.
Another Bitcoin Sunday.
We are entertained.

[LFC_Bitcoin]

Banks closed on a Sunday.
Bitcoin is never closed.






https://twitter.com/btc_archive/status/1363569029521285122?s=21

[JayJuanGee]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

I don't buy it, but hey whatever... there is a chance for anything to happen..

My overall thinkenings continue to be that bitcoin no doesn't work like dat... and I am not even trying to be stubbornly caught up in the already existing models, but there still seems to be more evidence to the currently credible three existing models rather than proposing some new model that may or may not end up playing out.

[eddie13]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

I don't buy it, but hey whatever... there is a chance for anything to happen..

My overall thinkenings continue to be that bitcoin no doesn't work like dat... and I am not even trying to be stubbornly caught up in the already existing models, but there still seems to be more evidence to the currently credible three existing models rather than proposing some new model that may or may not end up playing out.

Something is different now..

All these real money players getting into BTC..
Their might not be such a crash after this cycle as their have been before..
That may lead to the next cycle not having to come up from such a bottom..

Might be the end of “cycles” as we know them..

[eddie13]

I’m having a bit of a mental struggle..

How much should I be kicking myself in the ass for not accumulating more, VS how thankful am I for having accumulated what I have and for the most part held..

Thankful or regretful?


When the crypto world changed around 2017 I got lazy and stopped accumulating..
Since then, my methods of accumulation have become almost impossible..

I’m almost afraid to go back to it..
Do I still have it in me? Can I even do it legally? All that paperwork and accounting they require now?
I SHOULD but I just can’t bring myself to it..
Shit, I can barely bring myself to even move coin anymore..

[heslo]

This is not yet another cycle, this is the End of Cycles

The one where after BTC flippens gold it doesn't flip back

The one where web3 supercedes web2

Where culture is collected and accrued digitally instead of physically

Where life is lived mindfully rather than mindlessly

https://twitter.com/zhusu/status/1363035740507017216

--------

At first it sounded bearish to me, until I unerstood what is meant. Since its creation Bitcoin went through several severe bear periods between the halvings. But what if the mass adoption has increased so much  that no such bear periods of 80%+ crashes from tha last ATH are possible? We see the first sign for that - unlike any other period of 12 months, there was only one 30% correction and two 20% corrections. What if this is a sign that such long periods of lack of interest from the big investors  are no longer possible? The implications on any sell strategy involving considerations of the previous cycles will be hugely negative. I mean if someone is selling with the hope of buying 80% cheaper, this may turn to be a total disaster with some 30-40% dips occurring here and there. Not only that, but this will make any unnecessary major sell from our stash to be a big mistake. This tweet predicts more than a supercycle, rather an infitite bull market. Well, this may look unrealistic now, but certainly the probability for that is not 0 as some may think based on previous experience. And sometimes the past experience may be misleading.

I don't buy it, but hey whatever... there is a chance for anything to happen..

My overall thinkenings continue to be that bitcoin no doesn't work like dat... and I am not even trying to be stubbornly caught up in the already existing models, but there still seems to be more evidence to the currently credible three existing models rather than proposing some new model that may or may not end up playing out.

Something is different now..

All these real money players getting into BTC..
Their might not be such a crash after this cycle as their have been before..
That may lead to the next cycle not having to come up from such a bottom..

Might be the end of “cycles” as we know them..

Yeah I've been thinking about this a lot too recently. With everything going on in the world at the moment and with how crazy all the markets are I think we need to throw out and past trends regarding to BTC. That's not to say the same boom/bust cycle won't happen again but I definitely don't think it will be as severe. Far far far too much institutional money is being tied up now, these are not weak hands, people in it for a quick buck, this is a long haul type of deal. The repercussions are definitely going to be very interesting, especially if the money from these players keeps coming as has been suggested

[heslo]

I’m having a bit of a mental struggle..

How much should I be kicking myself in the ass for not accumulating more, VS how thankful am I for having accumulated what I have and for the most part held..

Thankful or regretful?

We've all been there (at least I have) Just count your blessings that even just by holding any BTC you're WAYYYY ahead of most people. I have a, modest, stash. I'd love more, but I'm definitely glad I have what I do