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

[ChartBuddy]

Explanation

[JayJuanGee]

https://twitter.com/bitcoinundisc/status/1461191574201716740?s=21

That's bullshit.

bitcoin is open to everyone and anyone, even though there might be some traits of conviction and bucking the trends that relate to some of the early adopters who also understand bitcoin sufficiently enough (or are willing to take some chances on it) to both invest into it and to HODL through the negative periods.

It's almost too difficult to attempt to generalize too much about who are what bitcoiners are even though there are various types that have historically existed an there are certain types that might either go through a shitcoin journey before coming over to bitcoin and their experiences and views of shitcoiners might help to define what kind of bitcoiner they are.  Oh yeah, and there are some bitcoiners who are active in forums like this and some bitcoiners who are not.. so youcannot even necessarily judge what a bitcoiner is merely based on the postings of the more actively interactive of bitcoiners even if you might be able to suggest that "an active bitcoiner is like x, y and z" but sometimes even an active bitcoiner might not be telling you about himself/herself even if s/he is posting ideas about bitcoin as a topic.

Oh, as I was typing, I realized that there was another kind of bitcoiner too.. There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin and whether or not they can provide good reasons for why they are in bitcoin can vary quite a bit too...We are still very new to the bitcoin space, and surely with the passage of time more and more members of the public will come into bitcoin, and largely who is in bitcoin will just become something similar to asserting who is into the dollar.. nearly a meaningless framework - even if now there are some ways to attempt to contrast who's into bitcoin and not and even the fact that those of us into bitcoin are still quite early adopters and those who are coming into bitcoin are early adopters too and some of them recognize that dynamic and others are less clear about the whole matter - nothing wrong with not being very clear about something that is relatively  new in terms of its age and unclear in terms of what some of its future impacts are going to likely be.

This current price range is incredibly frustrating. When are we going to break upwards?
Obviously PlanB & his 98k is dead in the ground but this is supposed to be getting close to peak bull season. We really need to start moving up in the next week or so.

Of course, you likely have gathered that I remain personally disinclined to take any kind of BTC price dynamic for granted - especially if either time or quantity of movement are too locked-in.    And, of course, if any of us were a whale, we might have an incentive to force the opposite of what the vast majority of normies are expecting.   

We know that in bitcoin we have some hard/physical realities that have historically caused several bearwhales to get reckt as fucked by carrying out their actual bets against bitcoin, so surely over the years, they have developed more and more tools to be able to bet against bitcoin without actually putting any bitcoin at risk so attempting to fuck around with bitcoin's supply - and surely whether those naked shorting abilities are going to end up biting them in the ass is still to be found out.  I would not proclaim to know much of anything about these topics, and there are quite a few of us (including yours truly) who are willing to continue to bet on UP.. and maybe even continue to count on historical experiences that have shown us that betting on down and/or inadequately preparing for UP has been a place where many normies (and even experienced) bitcoiners have gotten tripped up in the past.

By the way, we are having some ongoing downity as I type this post (which makes it more difficult for me to lock-in what price we are at exactly as I type), so currently we have gotten down to $56,814- which is about a 17.5% correction.. so it is not an insignificant level of correction (and does not really seem to be over, yet), even though we know that more extreme corrections that even go into the supra 30% levels have commonly happened in the past while we had then been in the upwards phase of bitcoin's price movement.. just my long-winded way of asserting that I am not worried yet - even if you, LFC, are asserting that "we are supposed to be going up" which is largely a bunch of nonsense to be proclaiming that we (meaning king daddy) "have to do some certain level of price performance exactly on schedule.. blah, blah, blah".. and yeah for sure, I agree with you that it becomes way more difficult to be reaching PlanB monthly levels when we are moving opposite to what seems to be the right way to reach such numbers.. but PlanB can go fuck himself when he is also trying to too much lock king daddy into too much of a "must happen" schedule.

[El duderino_]

Interesting price we have honesty

Lot of people wanna sell higher prices, but with this dump I see a lot of friends also worrying
So some will think so I have to sell, do I HODL

(For them who want like few % out to support coming years etc)

I think such dips are designed for those kind of older HODLer coins

You know from under a K or even under 5k and a healthy stash then 50K + is still reasonable

Also some probably where tempting 59-lower 60’s but with each pump a little relief of it’s gonna be altight and back on track…
Then this horror (which still is a tiny dip in the dip, but feels like horror when a few sell wishes)

This all together with some guru miss prediction possibilities “PlanB” for example… drives some people of making decisions as worse as good, though a 50K + sell if FIAT needed still not the worse (if % kept low and considered just to be OK)

Some will still HODL no matter what cause they still believe in the Bull Run, I’m one of those
I did sold some over 60k to support RL, if we do serious DIP then I buy back for sure as well…

I do sell but do maintain DCA when I can.

[OutOfMemory]

It's not bears. It's just black Friday next week.

C'mon! I think i remember that quite some amounts were moved before black friday in the past years.

Same conclusion. 1 + 1 = 2 (or 3, or 4)

[naim027]

Could you guys please tell me what is the secret of your hats? I am sorry if I am bothering you guys by asking that kind of stupid question. I visited a thread and its title saying "No hats? Fuck Off"

I am not so old member and I don't know about it yet.

Thanks in advance 😁😁

[OutOfMemory]

Oh, he's asking about the WO cult of hats...

Start here?
https://bitcointalk.org/index.php?topic=5117225

[naim027]

Oh, he's asking about the WO cult of hats...

Wall Observers Should have hats? Do you guys have any regulatory organizations or something like that?

[BitcoinBunny]

Poor Shiba Inu.

Raped before our very eyes. Enough to cry yourself a new rainforest.


Or not.


 

Let this be a lesson.

BTC may dump but it will never dump as much as a shitcoin.

[Paashaas]

https://twitter.com/AllenAu11/status/1461377565570977795

[JayJuanGee]

Bitcoin is a strange thing.

-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.

-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.

-- Traders belong to the first 99%, they just don't know it.

I don't think I've ever encountered anything quite like this in my life.

I agree with the overall sentiment of your post AlcoHoDL.. but something strikes me quite wrong about your 99/1 numbers...

Yeah, we are working with a new asset class, and sure lots of people have trouble getting it, but I doubt it is a 99/1 division - even if current world-wide adoption might be within a 99/1 level.

I hate to attempt to either generalize too much or shoot too much nonsense out of my ass, but think about the matter, there are going to be people who are exposed to pretty good technical and financial information, and some of those peeps are going to fairly easily get the overall ideas of bitcoin relatively easily.. I am not saying that they are going to understand all aspects, but they end up getting bitcoin sufficiently enough in order to establish some kind of a reasonable/prudent BTC investment thesis.

There are going to be people who are easily distracted into shitcoins and there are going to be people who swallow mainstream media talking points hook, line and sinker without recognizing the various ongoing and consistently all over the place contradictions (and some of those folks see the contradictions but feel that they neither have time nor energy to try to sort through matters - not even necessarily blaming them for that).

There are also going to be people who either have no fucking clue what is bitcoin, beyond maybe hearing the word, and some people have not even heard the word bitcoin enough for them to recognize that they had heard it before.

I am already getting tired with my attempt to elaborate on the variety of kinds of people that exist out there, and yeah we might know of some pockets of the world that there are 10%-ish adoption and other pockets where the adoption is less than 1%..and I suppose the punchline is that I neither like you 99/1 assertions that seem to imply that there are great knowledge (and elitisms with the 1% because sure some of us who have been getting bitcoin might have spent a lot of time attempting to study bitcoin and maybe we are lucky in the sense that we had been in the right place at the right time.. and then got sparked in our interest which took us down the road of both studying bitcoin and developing various BTC accumulation/investment strategies)...   

By the way, I do appreciate aspects of the 80/20 rule as a framework, and of course there is still going to be a lot of nuance in that too.. and I suppose that that I would consider the 80/20 rule to be somewhat more accepting and less elitism.. and I really do not like elitism categories, even if we can appreciate that there are a large number of early bitcoin adopters who are going to have just a few coins which in years to come will end up putting them quite well in the 1% of bitcoin wealth (which will likely become more and more dominant) - even based on relatively modest early investments into bitcoin.  Right now, we have all kinds of ways that people are wealthy, even in the midst of what is likely be the greatest relatively peaceful wealth transfer in history.

I am sorry. Should I argue with him? Okay okay. I will follow your suggestions

Oh.. you won't have to "argue with him", really.  Just post, and he will handle all the arguing and fussing about.  It's easy.

Are you suggesting that I am inclined to argue with my lil selfie...?

You can go fuck yourself.

 


I really am really mad (i.e. resemble that statement)!!!!

[BitcoinBunny]

https://twitter.com/AllenAu11/status/1461377565570977795

[ChartBuddy]

Explanation

[LoyceV]

There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin

It's much more worrying people who have been into fiat money their entire life (which is almost anyone) can't explain "money" either. Ask the average person what money is, and they have no idea. Ask them where it comes from, where the money for their mortgage comes from, and ask if they have any idea how much money goes around in the global foreign exchange market.
People have no idea how it really works, and that makes them sleep at night.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

[AlcoHoDL]

Bitcoin is a strange thing.

-- Before you understand it, it is extremely confusing and makes no sense. This outright kills 99% of all potential adopters.

-- When you understand it, everything becomes crystal clear and falls into place. This happens to the remaining 1%, who HoDL like there's no tomorrow.

-- Traders belong to the first 99%, they just don't know it.

I don't think I've ever encountered anything quite like this in my life.

I agree with the overall sentiment of your post AlcoHoDL.. but something strikes me quite wrong about your 99/1 numbers...

[...]

As I was composing the above, I thought of adding a sentence saying that 99/1 is purely out of my own personal experience. As you say, it could well be 90/10 or even 80/20, although the latter seems far too optimistic to me.

Whenever I go out for drinks/dining, I make a habit of asking the waiter if I can pay in Bitcoin (I have LFC's prize money in my phone, so I can always pay if they say yes). No one has yet responded positively to my request. The vast majority don't know much about it, some think it's another type of credit card, others think it's a kind of PayPal, many think it's a Ponzi/pyramid scheme, a few even mentioned Elon Musk FFS! Not a single one has yet to comment favorably about it, let alone agree to be paid in BTC...

[naim027]

Poor Shiba Inu.

Raped before our very eyes. Enough to cry yourself a new rainforest.


Or not.


 

Let this be a lesson.

BTC may dump but it will never dump as much as a shitcoin.

Shiba Inu holders are like;



They learned a good lesson.

[BitcoinBunny]

I think I literally lost some IQ points listening to Peter Schiff  

https://www.youtube.com/watch?v=ugTrTLFG7T0&ab_channel=MikhailaPeterson

Peter Schiff isn't the only one who has been warning the masses about Bitcoin @ $10, lol

[OutOfMemory]

Oh, he's asking about the WO cult of hats...

Wall Observers Should have hats? Do you guys have any regulatory organizations or something like that?

LOL
Get a grip, man 
Sorry, i didn't mark my comment (the one you quoted) as irony 
It's all in the thread i linked you to.

[philipma1957]

There are some bitcoiners who have been into bitcoin for a decently long period of time and they hardly know shit about bitcoin

It's much more worrying people who have been into fiat money their entire life (which is almost anyone) can't explain "money" either. Ask the average person what money is, and they have no idea. Ask them where it comes from, where the money for their mortgage comes from, and ask if they have any idea how much money goes around in the global foreign exchange market.
People have no idea how it really works, and that makes them sleep at night.

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

Dude they would buy the BTC dip

I just got some more dip.

I have a $50 a day buy set

[Farmer Bill]

https://twitter.com/bitcoinundisc/status/1461191574201716740?s=21

This is someone making excuses for being a no-coiner and trying to dissuade others from getting into Bitcoin by suggesting it requires special skills and knowledge of how it works.
Austrian School of Economics (insert laugh or snigger here)....
This Early - I've been in since $67

I'm a farmer for fucks sake.

Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.

Simply buy at any price whenever you have spare fiat, and hodl.

[BitcoinBunny]

https://twitter.com/bitcoinundisc/status/1461191574201716740?s=21

This is someone making excuses for being a no-coiner and trying to dissuade others from getting into Bitcoin by suggesting it requires special skills and knowledge of how it works.
Austrian School of Economics (insert laugh or snigger here)....
This Early - I've been in since $67

I'm a farmer for fucks sake.

Special skills - rearing livestock, growing crops, shooting a 3" group at 500 yds.

Simply buy at any price whenever you have spare fiat, and hodl.

Wish I had become a farmer rather than thinking any job with computers will be special.