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

[vapourminer]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

[JayJuanGee]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?

By the way, anyone who might have higher levels of BTC are going to be in much stronger positions if they have some value in dollars (or other assets) as well as BTC.. not just in BTC... so an entry-level whale might have 1,000 BTC (valued at $31 million), but the equivalence of 5-10% (50 BTC to 100BTC - $1.5 million to $3 million) in cash or other kinds of assets - which would be the bare minimum of diversification, and probably having even greater than 10% levels in cash or other assets would be better, but probably NOT absolutely necessary (and surely a discretionary kind of matter in terms of allocation considerations).

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

He (becoin) is ONLY presumptively a month MOAR richer than uie poo-ie.

[ChartBuddy]

Explanation

[vapourminer]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

He's ONLY presumptively a month richer than uie poo-ie.

im sure there are some from 2011 that are VERY well off. im also sure a lot of peeps from that same period crashed and burned HARD during those wild days. seriously fun times. paid my dues in lost coins, scam projects, failed hardware, failed wetware... you get the picture.

[JayJuanGee]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

He's ONLY presumptively a month richer than uie poo-ie.

im sure there are some from 2011 that are VERY well off. im also sure a lot of peeps from that same period crashed and burned HARD during those wild days. seriously fun times. paid my dues in lost coins, scam projects, failed hardware, failed wetware... you get the picture.

From what I have heard from you over the years, vapourminer, you have had some of the UPs and DOWNs that a large number of early entrants would have had, but I bet that on average, you are doing pretty well in terms of having maintained some stick-with-it-ness in terms of BTC. 

Sure I am not going to presume your BTC level of aquatic life category, but it would seem that a lot of early entrants to BTC probably were not able to hang onto their coins, and sure some of them got into shitcoins too, so they may have made money by scamming others or they may have lost it too since they ended up getting distracted, but I would think that even any member that hung onto Big fish or dolphin level of coins should not be presuming that too many mistakes were made because a kind of core level of coins were held onto.

Dancing around OPsec, but once we are able to reach a certain number of coins, sure we can spend and shave off from some of those coins along the way, but at the same time, each of us should attempt to establish the hanging onto a certain number of coins too. 

I will say even for myself, I have had some times in which mistakes were made - but I have retained some ongoing efforts to attempt to hang onto a certain number of coins (and sure that number of coins that I have been striving to hang onto has been adjusted through time), and a lot of this also brings us back to Gresham's law considerations, and if we are keeping some value in other kinds of assets (presumptively some of that is liquid, such as cash), then we should be attempting to figure out ways to spend from the other assets before spending from our bitcoin stash, especially when we seem to be in a dippening kind of stage..

Of course, if BTC prices are in an upwards and exponential price rise period, we might be able to carry ourselves a bit more like drunken sailors and perhaps end up spending a bit more of our BTC stash up to amounts that are within our consideration of how many coins that we are ok. with shaving off before going back to spending our less valuable assets/currencies such as cash.

[LoyceV]

I think that one of the things that you are telling me is that you are not DCA’ing in Bitcoin because lump sum is better.. and you are waiting on a “down opportunity”,  but if the BTC price does not go down from here, you are just going to suck it up, even though you could have bought more BTC at these here prices.

If BTC doesn't go down from here, I couldn't be happier

That is what happens when you have not sufficiently prepared for UPpity.  You are excessively hoping for down in order to make up for your lack of your preparation.

I feel like I need to correct this: Did you misread my "doesn't"?

[Biodom]

I think that one of the things that you are telling me is that you are not DCA’ing in Bitcoin because lump sum is better.. and you are waiting on a “down opportunity”,  but if the BTC price does not go down from here, you are just going to suck it up, even though you could have bought more BTC at these here prices.

If BTC doesn't go down from here, I couldn't be happier

That is what happens when you have not sufficiently prepared for UPpity.  You are excessively hoping for down in order to make up for your lack of your preparation.

I feel like I need to correct this: Did you misread my "doesn't"?

LOL

[AlcoHoDL]

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

He's ONLY presumptively a month richer than uie poo-ie.

im sure there are some from 2011 that are VERY well off. im also sure a lot of peeps from that same period crashed and burned HARD during those wild days. seriously fun times. paid my dues in lost coins, scam projects, failed hardware, failed wetware... you get the picture.

I'm a total newbie compared to you guys. Not much drama for me, as I joined the club much later.

The only thing I regret, out of my experience in this space, is not going all-in in 2015. I would now be at least a Dolphin in Jay's chart. Other than that, it's been the best thing I've ever done in my life.

[ImThour]

Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.

Bitcoin Price: $240,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176

What do you think about my prediction?

[ChartBuddy]

Explanation

[vapourminer]

Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.

Bitcoin Price: $240,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176

What do you think about my prediction?

there FTFY

[JayJuanGee]

I think that one of the things that you are telling me is that you are not DCA’ing in Bitcoin because lump sum is better.. and you are waiting on a “down opportunity”,  but if the BTC price does not go down from here, you are just going to suck it up, even though you could have bought more BTC at these here prices.

If BTC doesn't go down from here, I couldn't be happier

That is what happens when you have not sufficiently prepared for UPpity.  You are excessively hoping for down in order to make up for your lack of your preparation.

I feel like I need to correct this: Did you misread my "doesn't"?

Actually, you are right.  I did..  Whoops.  I misread it as "does".... mmmmmyyyyy BBBBBBAAAAADDDD.

There are probably some other areas that I got wrong too, because sometimes when someone talks about selling BTC on the way up before it seems that they have established a decently strong BTC allocation level.. I start to lose my ability to relate (even though I cannot really exactly know all of your circumstances, for sure)... which causes more mistakes to be made in my likely to become repetitive response.

I think that one of the things that you are telling me is that you are not DCA’ing in Bitcoin because lump sum is better.. and you are waiting on a “down opportunity”,  but if the BTC price does not go down from here, you are just going to suck it up, even though you could have bought more BTC at these here prices.

If BTC doesn't go down from here, I couldn't be happier

That is what happens when you have not sufficiently prepared for UPpity.  You are excessively hoping for down in order to make up for your lack of your preparation.

I feel like I need to correct this: Did you misread my "doesn't"?

LOL

Yes... You would laugh.. What else is new?    

Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

vapourminer looks at his join date

*cough* or just stupid *cough*

He's ONLY presumptively a month richer than uie poo-ie.

im sure there are some from 2011 that are VERY well off. im also sure a lot of peeps from that same period crashed and burned HARD during those wild days. seriously fun times. paid my dues in lost coins, scam projects, failed hardware, failed wetware... you get the picture.

I'm a total newbie compared to you guys. Not much drama for me, as I joined the club much later.

The only thing I regret, out of my experience in this space, is not going all-in in 2015. I would now be at least a Dolphin in Jay's chart. Other than that, it's been the best thing I've ever done in my life.

Remember.. whether you like it or not, when you reach 10 years from your forum registration date you become a presumptive whale, relatively speaking... that is part of the reason that I requested clarification from somebody.. anybody.. regarding whether the chart "is still valid"

Just a calculated Prediction: Crypto the Bitcoin Market will be worth $8 Trillion in Sept, 2024 or before December 2025.

Bitcoin Price: $240,000  $480,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176

What do you think about my prediction?

FTFY

Seems reasonable... as amended.

In udder words, no ratt's asses given about the tagging-along abilities of various shitcoins.

PS.. I admit that I read vapourminer's mind.. we be dee same peeps, deep, deep on the insides.

[UnDerDoG81]

Ideal time for buy now

Imagine if this was just a pre bull market and the real one coming within the next 1-2 years.

[Biodom]

Ideal time for buy now

Imagine if this was just a pre bull market and the real one coming within the next 1-2 years.

it happened with AMZN, AAPL, even MSFT.
GOOGL was more or less steady up.
So, it is possible, but not guaranteed, of course

[modrobert]

Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.

Bitcoin Price: $240,000

What do you think about my prediction?

Make that 2022.

[ChartBuddy]

Explanation

[El duderino_]

Just a calculated Prediction: Crypto Market will be worth $8 Trillion in Sept, 2024.

Bitcoin Price: $240,000
Ethereum Price: $14,136
Cardano Price: $10.16
BNB Price: $2,176

What do you think about my prediction?

Please don't drink the ALT-koolaid, Cardano for sure is TOP-sh*t  its just becoming another cult/hype its just another XRP kinda thing all those coins projects based on promises which just not happen

[ChartBuddy]

Explanation

[El duderino_]

https://bitcointalk.org/index.php?topic=5346118.0

JoIn BrOtHeRs

[lightfoot]

Well in other news, I'm back to fixing miners again. Just repaired a nice T17+ for a Bitcoin Forum member, had a bunch of interesting little problems to untangle.

But it's merrily hashing away at 47th so that's nice.

too bad my hashpower is in Can, otherwise I would have sent you some of those sick puppies.
From Can it is too expensive plus a surplus tax on China stuff (although i am not sure it is still in effect or not-'killed' me on US hashpower).

Really? I don't remember shipping from Canada to be that complex, and since the country of origin is the final destination the only import fee you might have to pay would be the value of the repairs.