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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25497674 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (158 posts by 14 users with 9 merit deleted.)
JayJuanGee
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August 04, 2021, 04:14:09 AM
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Sometimes there could be a BIG ass spike down that many people believe that the draconian legislation in the USA  is actually going to keep bad boy bitcoin down..

It's also not necessarily what people think the legislation will do to bitcoin but what people think that other people think the legislation is going to do to the price. These second-order effects are a big part of why I hold and not trade. Long-term, you can have some idea of the value of the technology, short-term your trying to guess the psychology of a bunch of loons.

And psychology is ONLY one likely small aspect of trying to figure out BTC price.. especially when considering the importance of longer term dynamics..

Accordingly, the actual legitimate bitcoin price models do not really give a lot of weight to psychology, and those currently valid price models seemed to be pretty damned accurate in terms of longer term ideas about where dee BTC price is likely to be going... so in other words, careful with putting very much weight into psychology as an investment indicator, boyz and girlz because hard to tell whatever is going on with short term phoney baloney that can flippening in a matter of no time like a flash before ur lil eyes...  

You heard it here first.    Tongue Tongue Tongue Tongue

Are you saying FOMOing into a dump is not a smart thing to do?
I don't think we have to worry about that till 100k+ atm.


Well maybe I am saying that, and I am also saying that there are all kinds of short-term indicators that tend to be all over the place, so sure, we can see momentum in one direction then we can see it in the opposite direction, and then we can attempt to analyze whether we might still be in a bull market or not, and that has been part of the question for this whole most recent correction that is going on 2.5 months now..

Have we snapped out of the bull market yet - and I have a tendency to believe that we have not (of course, I am not the ONLY one who believes such), so even if the BTC price has been going down a lot in the past 2.5 months, we should be feeling a decent amount of insecurity to rely upon the BTC price continuing to go down or considering that the BTC price is going to go down, unless we have snapped out of our previous bull market.  

Bet either way, if you happen to be a betting man, and I still believe that the odds are that we are still in a bull market...  

As far as FOMOing goes, I do not recommend FOMOing - except if you happened to have fail and refuse to prepare, so really, if we have a BTC price adjustment that goes from the $50ks an d $60ks a few months ago, but largely we have been in the $30ks for a decently large amount of time of 2.5 months, so perhaps that should be enough time to settle down some emotions.. but of course, how emotional a person might be will depend in part on the various strategies that s/he has created and the follow through with those strategies, and consolidation period do seem like good times to be attempting to create and follow through with strategies in order to lessen the likelihood of FOMOing...

Anyone here FOMOing currently?

You, Hueristic, have been here long enough in order that you should not be feeling any inclinations to FOMO, right?


The solution is to increase the block size to 16 billion exabytes and fill it up with cat videos. I don't think anybody could 51% that.

Oh?  Cat videos are better than weather data?

I see what you did there, trying to increase the level of controversy in the data in order to better secure the chain.. you sneaky devil, suchmoon.   Wink

Kinda Off topic, who else hate their job?

That's not off topic, at all.  

If you had not noticed, we (royal, of course) talk about getting to entry-level fuck you status all of the time... and having bitcoin to help a guy/gal to get to such entry-level fuck you status seems to fit the topic quite well... it's a common theme in these here parts.

No reason to hate your job.. do stuff that you like, and hopefully make those experiences memorable while you have them, even if they might be a short-time of doing various kinds of work, relatively speaking.. not flipping burgers like the dude was doing, right?  The dude has / (had) a not very great job, but maybe even burger-flipping can have fun moments, perhaps?  I never did that for a living, but even less prestigous jobs can be made into funzies and interesting, no? or there might be abilities to develop other talents, no?

Anyhow if you are a relatively young wipper-snapper, then seems to me that a lot of jobs can have their level of stepping ladder-ness in order to build skills to do other jobs and to have aspirations to do other jobs, unless you are in a kind of dead end job..   We might need more info?

To me, it seems that if you are investing into bitcoin you might be able to get out of your job in your 50s or 60s rather than staying in the JOB until full retirement age.., sure some folks are able to get out of their job earlier like in their 30s or 40s.. .. but that likely being sure to be really be in fuck you status takes even more capital to assure that you are going to be able to live off the cash flow of your fuck you money for however long that you have for your life expectancy.. so the younger that you are, it seems that the more solidness that you need to make sure that your level of cash is and that it can work for you... anyone for $2 million to reach entry-level fuck you status?.. if you have reached the $250k to $750k.. you may well be in a decently good spot and on your way to reaching entry-level fuck you status, no?
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August 04, 2021, 04:20:57 AM


You, Hueristic, have been here long enough in order that you should not be feeling any inclinations to FOMO, right?


I've never really cared that much for excessive amounts of cake. I realized the things you own end up owning you early in life.

So as long as I'm in profit I'm happy. Smiley

I like I'm sure everyone here has some regrets but being in pure profit is a sweet place to be and getting there definitely has nothing to do with allowing your emotions to make decisions. Wink
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August 04, 2021, 04:30:11 AM

Kinda Off topic, who else hate their job?

That's not off topic, at all. 

If you had not noticed, we (royal, of course) talk about getting to entry-level fuck you status all of the time... and having bitcoin to help a guy/gal to get to such entry-level fuck you status seems to fit the topic quite well... it's a common theme in these here parts.

No reason to hate your job.. do stuff that you like, and hopefully make those experiences memorable while you have them, even if they might be a short-time of doing various kinds of work, relatively speaking.. not flipping burgers like the dude was doing, right?  The dude has / (had) a not very great job, but maybe even burger-flipping can have fun moments, perhaps?  I never did that for a living, but even less prestigous jobs can be made into funzies and interesting, no? or there might be abilities to develop other talents, no?

You are right however the company I am working for is a big MNC however the Job Role is not what I wanted to do.
Don't want to leave the job as the company's name is surely improving my resume.
Let's hope things get good for me and people like me.
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August 04, 2021, 04:56:34 AM
Last edit: August 04, 2021, 05:16:59 AM by JayJuanGee


You, Hueristic, have been here long enough in order that you should not be feeling any inclinations to FOMO, right?


I've never really cared that much for excessive amounts of cake. I realized the things you own end up owning you early in life.

So as long as I'm in profit I'm happy. Smiley

I like I'm sure everyone here has some regrets but being in pure profit is a sweet place to be and getting there definitely has nothing to do with allowing your emotions to make decisions. Wink

Your only goal is to be in profits?  That does not seem very ambitious.

Aren't you at least trying to build your portfolio with the passage of time, too?

Everyone giving up on reaching fuck you status?

or is bitcoin just a kind of supplement to other investments/preparations that you have going on?

Need some more details regarding why being in profits is merely enough.

Look you have been here around the same amount of time as me... so let's go with the $10 per week DCAing since early 2014.

That's going to get you $3,660 invested and 4.5 BTC ($132,365) and 35x of profits.


Of course you do not need to provide any of your own personal details, and sure mistakes may have been made along the way, but still Hueristic, you gotta have some goals that go beyond merely "being in profits," even if you have ONLY averaged $10 per week of investment into BTC over the past 7.5 years and maybe have lower levels of profits than is shown on the standard DCA technique that I had linked.

Yes.. some of us have not beaten the standard and minimum DCA technique, but it does not matter because we should be able to learn, unless we are moving into a BTC liquidation phase rather than being in either a BTC accumulation or a BTC maintenance stage.


Kinda Off topic, who else hate their job?

That's not off topic, at all.  

If you had not noticed, we (royal, of course) talk about getting to entry-level fuck you status all of the time... and having bitcoin to help a guy/gal to get to such entry-level fuck you status seems to fit the topic quite well... it's a common theme in these here parts.

No reason to hate your job.. do stuff that you like, and hopefully make those experiences memorable while you have them, even if they might be a short-time of doing various kinds of work, relatively speaking.. not flipping burgers like the dude was doing, right?  The dude has / (had) a not very great job, but maybe even burger-flipping can have fun moments, perhaps?  I never did that for a living, but even less prestigous jobs can be made into funzies and interesting, no? or there might be abilities to develop other talents, no?

You are right however the company I am working for is a big MNC however the Job Role is not what I wanted to do.
Don't want to leave the job as the company's name is surely improving my resume.
Let's hope things get good for me and people like me.

Yes.. some folks consider there to be prestige and even opportunities in working for a big MNC (multi-national corporation).. and surely there should be transfer opportunities, especially once you are already in the door.. just might take some time to find something suitable, if that is what you might be preferring to accomplish within the company..

Of course, employers can be big fucking assholes sometimes, but they usually like to attempt to match folks up with their skills and their ambitions, when those kinds of moves/transfers might be feasible... but sure, if at some point you are trying to accomplish something more and you are feeling like you are pigeonholed in the company or a division, then it might be time to switch companies rather than attempting to work some kind of a change from the inside of your current company..

and then on another level perhaps continue to work your way to fuck you status.. with bitcoin, we see that it might not even take more than 10 years to reach fuck you status if you might be aggressive with your bitcoin investment strategy..perhaps, depending on how aggressive your BTC investment technique (abilities) might be - of course providing that you got your regular expenses covered and you are not getting ur lil selfie in a financial pickle because you are over-extending your finances and/or your psychology.  

How aggressive can you be? that's for you to decide the balancing of your personal factors.. and hopefully making progress with your strategizing and carrying out your plans with the passage of time.

By the way, I had some pretty difficult jobs, but there had been some times that I had worked in kind of difficult and stressful situations, and I had not really realized that I was stressed and having some extra stresses until after I had been out of the job for quite a while.. so sometimes, there are ways to still make jobs into self-fulfilling kinds of adventures, even if there might be some degrading aspects to them.. Still waiting for some specifics from you or maybe some other guys/gals regarding how much their job might NOT have any redeeming qualities (maybe not making much money, either, perhaps?)...

Oh by the way, if you are working so hard and many hours, and still are not able to buy $50 to $250 per week of bitcoin (with the extra cash), then sure, there might be some questions that the job might not be paying enough.. but you gotta do what you gotta do.. and if it is the best job that you can get, then that might be your own particular thing that you have to grapple with, too.  Some people have claimed to NOT be able to invest $10 week, which seems doable by most people, but of course, every person has their potential income limitations too.. (or how much is left after the expenses)...
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August 04, 2021, 05:01:26 AM


Explanation
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August 04, 2021, 06:01:34 AM


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August 04, 2021, 07:01:26 AM


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August 04, 2021, 08:01:26 AM


Explanation
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August 04, 2021, 08:24:18 AM
Merited by Toxic2040 (1)

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August 04, 2021, 08:38:14 AM
Merited by El duderino_ (5), Biodom (2), JayJuanGee (1)

link from Drudge:
https://metro.co.uk/2021/08/03/people-recovering-from-covid-may-have-substantial-drop-in-intelligence-15030236/

Anecdotally, at least two recovered people who were hospitalized with covid told me that they are in a mental fog several months after release with memory being significantly affected.
This sucks.

This is absolutely my story.
Brain fog took several years to clear up. My working memory and attention/ability to focus are still impaired about 10 years after (insert unknown virus here) infection (not SARS-CoV-2).
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August 04, 2021, 09:01:38 AM


Explanation
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August 04, 2021, 09:10:27 AM
Merited by LFC_Bitcoin (4), Toxic2040 (1)

I know that Wall Observation is a little off topic  Tongue but there's a sizeable wall at $38k on Stamp just waiting to be pulled down (hopefully) and not too much resistance after that. We all know how quickly walls can get pulled or munched away...
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August 04, 2021, 09:21:25 AM

I know that Wall Observation is a little off topic  Tongue but there's a sizeable wall at $38k on Stamp just waiting to be pulled down (hopefully) and not too much resistance after that. We all know how quickly walls can get pulled or munched away...


I was just looking at it




Hopefully we have some hungry buyers.
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August 04, 2021, 10:01:26 AM


Explanation
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August 04, 2021, 10:31:42 AM
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With the exception of Bitstamp (which always follows the bigger exchanges), the bids to -10% are overwhelmingly bigger than the asks for +10%. Clearly, the bears try to bluff pretending they have a strong hand. In reality only the fear of a correction not backed up by any market indicator is what was driving the prices down in the last 4 days. The bears are swimming against the current and soon they will drown.



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August 04, 2021, 10:44:57 AM
Merited by JayJuanGee (1), Toxic2040 (1)

<...>


+1WO Merit

In case you are wondering where this comes from:
https://data.bitcoinity.org/markets/books/USD

EDIT: They are still missing Bitfinex on BTCEUR pair!
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August 04, 2021, 10:52:19 AM
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Fast food chain Quiznos is set to begin accepting bitcoin payments at select locations through a new partnership with Bakkt.

https://bitcoinmagazine.com/.amp/business/quiznos-begin-accepting-bitcoin-bakkt?__twitter_impression=true
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what is this "brake pedal" you speak of?


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August 04, 2021, 10:54:51 AM
Last edit: August 04, 2021, 11:05:11 AM by vapourminer
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The solution is to increase the block size to 16 billion exabytes and fill it up with cat videos. I don't think anybody could 51% that.

dont underestimate my cats ego. he has been trying to 51% the internet so the only videos are of him.
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August 04, 2021, 11:01:26 AM


Explanation
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August 04, 2021, 11:33:26 AM

<...>


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In case you are wondering where this comes from:
https://data.bitcoinity.org/markets/books/USD

EDIT: They are still missing Bitfinex on BTCEUR pair!

That's cool, thanks. Why haven't I seen this before now? I'm guessing it's a new feature as it's still shown as being "under development". Nice though.

(and I also guess it's because I don't trade anymore, having learned from my past mistakes)
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