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

[JayJuanGee]

Man, the 59-60k range is proving to be a right pain in the ass

Does it mean that you are "bored?"

For me, there is a Lindy effect feeling that is going on.. call me LindyJGee.. or maybe I should solicit a change to my nym?

For us this 59-57-59 daily action is quite boring, but for the daily traders who follow the trend it is like living in a scary movie (which they put themselves into because of their stupidity). I guess they screem like little girls when selling with a "stop" loss each day, until their "stop" loss adds up to a complete loss of their resourses. I am lazy to write the code counting all their losses, but it seems that the turning point when these weak hands will be removed from the game is quite near.

Edit. I've just noticed that the volume of the latest stop loss is 4-5x bigger than the previous dips in the last days. So there is a good chance that this will be the last dip before breaking 60K and heading towards 100K in the next weeks.

Bold assertion.. if I do say so my lil selfie.

 

[1715389547]

1715389547

[1715389547]

1715389547

[serveria.com]

Haha this one's so good...  it's time to de-bozo all of you shitcoin fans 

[AlcoHoDL]

^^^ "de-bozo"... That's a nice one!

The act of "de-bozoing" someone out of shitcoinery...  

[heslo]

Man, the 59-60k range is proving to be a right pain in the ass

Does it mean that you are "bored?"

For me, there is a Lindy effect feeling that is going on.. call me LindyJGee.. or maybe I should solicit a change to my nym?

For us this 59-57-59 daily action is quite boring, but for the daily traders who follow the trend it is like living in a scary movie (which they put themselves into because of their stupidity). I guess they screem like little girls when selling with a "stop" loss each day, until their "stop" loss adds up to a complete loss of their resourses. I am lazy to write the code counting all their losses, but it seems that the turning point when these weak hands will be removed from the game is quite near.

Edit. I've just noticed that the volume of the latest stop loss is 4-5x bigger than the previous dips in the last days. So there is a good chance that this will be the last dip before breaking 60K and heading towards 100K in the next weeks.

Bold assertion.. if I do say so my lil selfie.

 

Bored is definitely something I am not, got way too much going on in my life to be that way. Impatient would describe my feelings better haha

[El duderino_]

Yeah, where's V8? I've only been away for 2 years or so.

He's very good brother...

[shahzadafzal]

Of course, there are some other ways to acquire BTC, such as getting paid for providing goods or services or mining.. but I am largely trying to focus in on the implicit suggestions of some of the various earlier posts that seem to be battling with where exactly selling fits into any bitcoin strategy, and surely I am trying to emphasize that if you have not yet reached your accumulation goals then selling with a hope of buying back lower remains a kind of gambling approach rather than a prudent approach...

Sure, on this particular point, philip, you and I seem to NOT be very far apart, and in the end, guys can do whatever they want, even though maybe both you and I will be suggesting them to be fools if they are regularly and ongoingly fucking around with selling some or any large portion of their BTC in order to attempt to buy back lower.

That's the dilemma even if you commit not to sell any large amount but a small to sell at "high" and buy back "low"...  you don't know when this will happen.... I have to confess here that when this year BTC hit $40k i did thought of selling "some" ... but I did not (thanks God) and however later sold "some" at $54k and $53k... just to buy back later.. i never cashed it out... but now I have been waiting since then to buy it back

So what are other ways to acquire BTC? mining atm is not an option for obvious reasons... providing goods and services.. there aren't many.. here on bitciontalk i never got convinced enough from signature campaigns which force you to post 15-20 posts per week and pays you what $20?? how about the time you spent writing those post does it worth. I can't do that most of the time i will be in reading mode here on bitciontalk...

now please don't hate me and let me ask what "other ways to acquire BTC"??... So sh*tting around with shitcoins, is this an option?

[Cryptotourist]

I'd add to that any software / hardware that is supported with wallets such as Electrum or Bitcoin Core / Bitcoin for Android. My hardware wallet equivalent is an airgapped machine, but then I think I know what I'm doing. (I could be mistaken and not actually know everything that's going on, but that would seem unlikely.)

Is it in a Faraday cage setup?

I have found this company to be the best:

https://silent-pocket.com/

Of course you can use multiple layers of tin foil, but personally I require a lot of foil for my hat, mask, and underwear on a daily basis.
#Spacemantourist

[El duderino_]

[El duderino_]

[shahzadafzal]

LOL.  Every time I search Lauda’s voluminous post history for random keywords, I find more evidence that the cat was a divine presence that this forum did not deserve.

nullius... may be you know.... who is this "Arif Naseem"?  Is this the guy arfnaseem?

I leave you with a last final message that you must never forget:

Cryptocurrency Bitcoin is freedom, Banking is slavery.

[ivomm]

Good morning WO! The "battle" for 60K continues, but not for long. Short-sighted daily traders don't realize what is going on and sell their last 0.0001BTC what was left from their initial 0.01BTC. However, the bigger picture is quite good with all the big investors in play. And the liquidity crisis is getting even deeper. The BTC reserve on exchanges continues its descent which started a year ago. Currently the decrease is between 25% and 33% on the various exchanges. And this is a lot! In 2 years there won't be any Bitcoins left on the exchanges, if this trend is kept. In the last 24 hours only, for example, the total reserve decreased with nearly 100K BTCs (-4% for the day). And on the biggest USA exchange it hit another low with a -10K BTCs for the day. And this happens almost every day. This is the opposite to what happened in 2017, meaning that we are at the beginning of the real mass adoption which establishes Bitcoin as the best performing asset in all times worldwide.

[shahzadafzal]

Nakamoto going places... legacy lives on!


https://www.reddit.com/r/Bitcoin/comments/mljqex/today_i_did_a_shoot_for_a_company_in_copenhagen

[somac.]

Good morning WO! The "battle" for 60K continues, but not for long. Short-sighted daily traders don't realize what is going on and sell their last 0.0001BTC what was left from their initial 0.01BTC. However, the bigger picture is quite good with all the big investors in play. And the liquidity crisis is getting even deeper. The BTC reserve on exchanges continues its descent which started a year ago. Currently the decrease is between 25% and 33% on the various exchanges. And this is a lot! In 2 years there won't be any Bitcoins left on the exchanges, if this trend is kept. In the last 24 hours only, for example, the total reserve decreased with nearly 100K BTCs (-4% for the day). And on the biggest USA exchange it hit another low with a -10K BTCs for the day. And this happens almost every day. This is the opposite to what happened in 2017, meaning that we are at the beginning of the real mass adoption which establishes Bitcoin as the best performing asset in all times worldwide.

This!

I am keeping a close eye on the on-chain analysis and also news regarding ETFs, corporate involvement, etc. Things are looking real bright right now and when this dam breaks it will break big. Could be in the next few days, if not, it won't be too long. An ETF is right around the corner, many people will (I think) plow their 401ks etc into an ETF. I've been waiting to do that for years now, just wish I could invest directly, but local laws suck.

[OutOfMemory]

Good morning WO! The "battle" for 60K continues, but not for long. Short-sighted daily traders don't realize what is going on and sell their last 0.0001BTC what was left from their initial 0.01BTC. However, the bigger picture is quite good with all the big investors in play. And the liquidity crisis is getting even deeper. The BTC reserve on exchanges continues its descent which started a year ago. Currently the decrease is between 25% and 33% on the various exchanges. And this is a lot! In 2 years there won't be any Bitcoins left on the exchanges, if this trend is kept. In the last 24 hours only, for example, the total reserve decreased with nearly 100K BTCs (-4% for the day). And on the biggest USA exchange it hit another low with a -10K BTCs for the day. And this happens almost every day. This is the opposite to what happened in 2017, meaning that we are at the beginning of the real mass adoption which establishes Bitcoin as the best performing asset in all times worldwide.

This!

I am keeping a close eye on the on-chain analysis and also news regarding ETFs, corporate involvement, etc. Things are looking real bright right now and when this dam breaks it will break big. Could be in the next few days, if not, it won't be too long. An ETF is right around the corner, many people will (I think) plow their 401ks etc into an ETF. I've been waiting to do that for years now, just wish I could invest directly, but local laws suck.

Exactly. Current sideways movement is like childs play, all until the big boys step into the yard.
Trading this mess is quite insane at the moment.
#hodl

[vapourminer]

Yeah, where's V8? I've only been away for 2 years or so.

He's very good brother...

prolly just rebuilding that V8 Interceptor to be, you know, even FASTER. Tuning it for those citadel to citadel runs runs and such, and scouting good locations for food, medical, ammo, fuel and spare parts stashes along the way.*

V8 strikes me as the type thats plans ahead pretty bigly.

* prolly hookers and blow stashes too.

[Arriemoller]

https://www.coindesk.com/bitcoin-lightning-network-10k-active-nodes

I'll give you this, at least nobody is shilling Segwit as the answer anymore.

There is no need to shill something that is implemented, working and fully accepted.

[marcus_of_augustus]

[Arriemoller]

[BitcoinBunny]

Going down a bit, but not as fast as the average shitcoin.

Meet Mr. Shitcoin buyer himself:


"Imma be just as rich as you Bitcoin hodlers and buy cheap tokens because a Bitcoin is too expensive for me. I heard BlahBlahCrap was going to moon in a YouTube video and their website says it is a good idea so I'm sold. I see my BlahBlahCrap is going down faster than Bitcoin so I might try BlooBlooCrap next, that should work right?"

[vapourminer]

That's the dilemma even if you commit not to sell any large amount but a small to sell at "high" and buy back "low"...  you don't know when this will happen.... I have to confess here that when this year BTC hit $40k i did thought of selling "some" ... but I did not (thanks God) and however later sold "some" at $54k and $53k... just to buy back later.. i never cashed it out... but now I have been waiting since then to buy it back

in the past i have cashed out at price points thats were "good enough" as in you never do know when honey badger will decide to dig a crater, just for fun, and spend week or months playing down there. so i cash out enough for a couple years maybe, plus some extra. i spread the sell out over some weeks or months to minimize noise.

the extra. if the price does down generally rebuy with it.

my goal is to ride out the "who the hell REALLY knows where the price will be" parts in relative comfort. 70% crash for months? *yawn* 100% rise? sweet! just means whatever corn i might have left is worth even more.

thats staid i have left profit on the table at times. but in my goals and plans, redundancy and safety is a big factor. sit back and relax is my gig.