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

[ChartBuddy]

Explanation

[1714276650]

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[1714276650]

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[Copetech]

Not very good at posting links on my phone, but if someone wants to pretty this up it's a good article.

https://bitcoinmagazine.com/business/great-american-bitcoin-mining-solves-energy

[fillippone]

Posted without comment

[JayJuanGee]

We all have families to support & decisions to make. I think I’ve played it near perfectly to be honest.

Peace of mind is an extremely undervalued feature of our lives.
Lucky smart you are if you stashed more bitcoin than 99% of people here on the thread, our destiny was just in front of our eyes, we only had to pick it up.

I am not in your condition, everyone has his own story, I will show up at work for a long time, but I have no envy, just respect for you.

Well fillippone, if we use your forum registration date of February 2018 as your approximate "date into bitcoin," it seems to me that you got into bitcoin at a similar point in the cycle as me, albiet 4 years after me.  By the way, your time in bitcoin is slightly more than a full 4-year cycle.... which surely should be enough to put you in some level of profitability and psychological comfort - even if your investment amounts might have been relatively small or mediocre.

I understand that peeps have differing starting points, so one of my conceded advantages would have been that at the time that I got in, I had both a lump sum that I could invest, and I had a decently ongoing cashflow. I understand that some folks (normies) might not have had been at a stage in their life to have a lump sum or their cashflow might be a wee bit lacking...

By the way, I am going to presume that cashflow and availability of lump are the main factors that could have caused significant/material difference - and that psychology was significantly similar in terms of at least recognizing the bullish case for bitcoin at the time of getting started in this forum (maybe not fully developed, but sufficiently developed in order to recognize/appreciate bitcoin's investment thesis).

Let's just presume worser case scenarios for sufficiency of cashflow and mostly non-existence of any significant lump sum, then between about February 2018 and April 2020, the bare minimum investment would have been averaging about $10 per week, and so surely the bare minimum range for investing into bitcoin would have been between $10-$100 per week.   

Once the circumstances of March 2020 happened, and the significance became somewhat apparent within a month or two, by the time we got to May 2020, anyway  half-way cognizant bitcoiner (surely you would fit into such category, fillippone), should have recognized that the minimum bitcoin investment amount would have gone up from $10 per week to $100 per week  (therefore the minimum investment range would have gone up to $100 to $500 per week) - even though maybe whatever your entry-level fuck you status level would have merely doubled.. so hypothetically from $1 million to $2 million in the standard/default case.

Your level of knowledge about bitcoin and your involvement with bitcoin (including within this thread) will contribute towards a justification of my batslapping you (even if merely virtually), if you had not at least on average been investing the bare minimum amounts, so I am going to proclaim that there should have been a bit more than $1,000 invested under the lower bare minimum thresholds of $10 per week for the first half of the four-year period, and $10k invested in the second half of the four year period, under the higher $100 per week minimum investment thresholds.

If you had only invested $10 per week for the whole time, you would at least be at around 0.21BTC which is our current newbie target BTC accumulation... so surely, you should have already become a whole coiner by now and perhaps even going over 2 coins under the minimum requirements.

Now, since I do not necessarily know your details, and I surely do not want you to give up too much OPsec beyond your having already had provided your keys with the various bolt/washer disclosures that you have already made.  In other words, I can give you some benefit of the doubt to presume that you have likely already met the on average minimum guidelines above, and you are just being too hard upon yourself because you consider that you are likely not going to be reaching fuck you status for a decent amount of time, which may well be true that you have some working years in front of you, but you are quite likely on a way better course in your future by having had involved yourself in some kind of level of "meaningful"** bitcoin investment, hopefully.

**please note, when I am proscribing various minimum BTC investment levels, I am presuming a certain level of affluence and ability to figure out how to organize oneself to reach such minimum BTC investment threshold levels - even though at the same time, for sure guys/newbies into bitcoin, need to do what they can in terms of making sure that they are not over-extending themselves, even in such a likely to be great (asymmetrical) investment like bitcoin.

TLDR: I suppose the essence of what I am suggesting would be that anyone who had been sufficiently involved in learning about bitcoin for the past 4 years, should have been able to achieve a minimum accumulation of BTC that should be anywhere between 0.21BTC to 2.1BTC over those past four years, even if a decent number of mistakes had been made along the way... not meaning to be too judgmental  - but just providing a kind of guide post for expectations for at least attempting to reach the minimums... even though we would not necessarily be able to make up for some of the mistakes in the past in the event that we had not even been able to reach the guidepost minimums as I have suggested above.... actually, for OPsec sake we do not even need to concede any kind of exactitude regarding whether we have actually met such minimum investment levels - and by the way, for someone cognizantly aware of bitcoin getting in at my time (4-years longer than you, fillippone), the likely minimum thresholds should be in the ballpark of about 10x more than your minimum thresholds.. and I am not even proclaiming the extent to which I have currently reached such minimum thresholds or in the past to have had reached such thresholds.. in spite of mistakes having had been made along the way.

[ChartBuddy]

Explanation

[ivomm]

JUST IN  UST stablecoin foundation buys 3,600 MORE #Bitcoin worth $160 MILLION
https://twitter.com/BitcoinMagazine/status/1507740659083583492

A bit older (2 days ago) but still relevant:

BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace
A third tranche of USDT leaves a wallet thought to hold funds earmarked to purchase at least $3 billion of Bitcoin.
https://cointelegraph.com/news/btc-price-almost-clears-43-5k-with-terra-125m-bitcoin-buy-ins-gathering-pace

P.S. Shorters, are you reading? So far only about 10% were purchased.  Good luck with the 100x leverage!

[Paashaas]

NFT collection failures begin to mount in flashback to ICO bust.

For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.

On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,40.

As failed projects pile up, long-time crypto observers are having flashbacks to the Initial Coin Offering bust of 2018, when thousands of digital token quickly become worthless after regulators warned they’re probably unregistered securities. Much like ICOs in their heyday, NFTs have become one of the hottest corners of the cryptocurrency world as speculators seek to take advantage of the surging

[hisslyness]

... rubbish deleted....

Also, not sure if many of the people here know that you need to gain 200% up to recover 100% down.
In this example, BTC correction was of 52% from ATH and it needs 108% to reach the same price level.

This is the reason you are failing when it comes to TA, you are not ANALYZING shit! and i am surprised no one is calling you out on this!

You have not analysis anything! Because if you did you wouldn't have posted the above!

You looked at a chart and thought o' yeah, 52% down, 108% up is needed to reach parity!.. and thought you discovered another pattern!

100% Down needs to be 200% up! WRONG! WRONG! WRONG!

100% Down means ZERO!!!!!! 200% Going UP from ZERO is ZERO! There is no pattern to be found! you just so happen to pick a ratio at ~52%

I'll break it down even more for you!

ATH Price    Current    Down %   % Up
$60,000   $60,000   0.00%     0.00%
$60,000   $55,000   8.33%    9.09%
$60,000   $50,000   16.67%   20.00%
$60,000   $45,000   25.00%   33.33%
$60,000   $40,000   33.33%   50.00%
$60,000   $35,000   41.67%   71.43%
$60,000   $30,000   50.00%   100%
$60,000   $25,000   58.33%   140%
$60,000   $20,000   66.67%   200%
$60,000   $15,000   75.00%   300%
$60,000   $10,000   83.33%   500%
$60,000   $5,000   91.67%   1,100%
$60,000   $0        100%   N/A

As you can see a 91.67% down from ATH Price, requires 1,100% appreciation to reach back to ATH price.

If you had bothered to use simple mathematics i wouldn't have to call you out on this!

This has always been your problem, you are too quick to jump to conclusions without analysis anything, and start stringing off TA rhetoric and one liners like the above with out any thought and expect people to buy it!...

hmmm.....

[JayJuanGee]

Fuck crypto

Please El duderino_!! Juice up your phone!

Ha, those were my exact thoughts also. I start getting anxious if my phone's charge drops below 60%

And hope Bitcoin not drop you below 60% too. 😎

Get a fucking grip, NoorulHuda.

If you had not noticed (or had not been paying attention), longer term bitcoiners have both learned how to psychologically weather bitcoin drops, but also the likelihood that their BTC portfolio is multitudes (if not magnitudes) in profits provides a lot of psychological/financial leeway in the event that BTC prices do end up dropping.  Another thing is that BTC has already corrected slightly more than 50% on two occasions in the past year.... so would you be expecting another 60% drop from where we are at, or just another 10% additional from where the BTC price has already dropped?

Maybe you cannot recognize your own level of dumbness in your comments in terms of even attempting to understand your audience, including but not limited to strawbs who has already been through a couple of four year cycles.. and you NoorulHuda are barely getting into bitcoin, if we go by your registration date.  Do you want to proclaim otherwise? or some other kind of expertise that informs your comment about the supposed "tragedy" of 60% BTC price drops or would it have been your lame joke?

[sirazimuth]

I'm sure some pseudo-genius PHD psychologist character could come up with deep meaning...

I suffer with REM Sleep Disorder. We should definitely talk in meatspace if the opportunity ever presents itself. I know exactly what you mean, about your "weird" dreams. Some of mine tend toward themes of being "lost" and unable to "find my way home/the destination I'm seeking". Crazy stuff, and the REM Sleep Disorder vocalizations and parasomnic-limbic actions are pretty fucking amazing, I'm told.

Interesting.
As a non PHD pseudo genius psychologist i'd say this sounds like dream manifestations of a control freak's deepest fears  
Ever been to sleep lab?
I was in the lab two times to get my brain activity mirrored in sleep cause of daytime sleepiness. Takes me about two minutes of lying on my back, eyes closed, to trigger microsleep events. This also gets very annoying in sitting meditation. The lab results were showing that i don't stay in the deep sleep state for more than 24 minutes (at best), but my memory impairment keeps me from memorizing all those dreams, while i move comparably little when i am sleeping.
On these daytime sleep attacks, i always stay at REM levels, with very active dreams based on sensory input by the happenings around me. Reportedly, i don't move at all in this state.
....

[NoorulHuda]

Fuck crypto

Please El duderino_!! Juice up your phone!

Ha, those were my exact thoughts also. I start getting anxious if my phone's charge drops below 60%

And hope Bitcoin not drop you below 60% too. 😎

Get a fucking grip, NoorulHuda.

If you had not noticed (or had not been paying attention), longer term bitcoiners have both learned how to psychologically weather bitcoin drops, but also the likelihood that their BTC portfolio is multitudes (if not magnitudes) in profits provides a lot of psychological/financial leeway in the event that BTC prices do end up dropping.  Another thing is that BTC has already corrected slightly more than 50% on two occasions in the past year.... so would you be expecting another 60% drop from where we are at, or just another 10% additional from where the BTC price has already dropped?

Maybe you cannot recognize your own level of dumbness in your comments in terms of even attempting to understand your audience, including but not limited to strawbs who has already been through a couple of four year cycles.. and you NoorulHuda are barely getting into bitcoin, if we go by your registration date.  Do you want to proclaim otherwise? or some other kind of expertise that informs your comment about the supposed "tragedy" of 60% BTC price drops or would it have been your lame joke?

There is a writing mistake.
I want to say that.
 Bitcoin is only one which drop below 60%. you don't get anxious. Because it will recover it self.

[JayJuanGee]

You are not doing bitcoin right bro girl -90% is nothing.

Never panic just don’t let it turn off. Pro tip when you hit 2% or 1% put it on flight mode and you are good to go for another 10 15 minutes.

So here is the pro tip is (Hodl) like flight mode. And 10 to 15 minutes can be 10 to 15 days or month or years too..

Yes, anything is possible; however, it is not very realistic/prudent to get caught up on fringe cases which may well cause you to fail/refuse to adequately/sufficiently pee pare ur lil selfie for more likely scenarios including but not limited to UPpity.   In other words, don't get too caught up on fringe cases, because you are going to talk ur lil selfie out of having an adequate/sufficient quantity of bitcoins.

[edited out]

There is a writing mistake.
I want to say that.
 Bitcoin is only one which drop below 60%. you don't get anxious. Because it will recover it self.

Oh?  So you are suggesting that you are NOT as pessimistic nor unwilling to prepare ur lil selfie for UPpity than you are coming off to be?

 

[sirazimuth]

<img with a dead battery and a naughty word, plus "nary" >

Hey dude, Jay's gonna give you a good you-know-what...

[hisslyness]

NFT collection failures begin to mount in flashback to ICO bust.

For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.

On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,40.

As failed projects pile up, long-time crypto observers are having flashbacks to the Initial Coin Offering bust of 2018, when thousands of digital token quickly become worthless after regulators warned they’re probably unregistered securities. Much like ICOs in their heyday, NFTs have become one of the hottest corners of the cryptocurrency world as speculators seek to take advantage of the surging

I don’t think anyone here is surprised! if you are then you need to get your head checked!

I had to explain what the NFT craze was to a client the other day, and I used the Hot Wife Example!… we were both on the floor laughing!

One thing history has taught us, there will always be another scam!

[Torque]

NFT collection failures begin to mount in flashback to ICO bust.

For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.

On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,40.

As failed projects pile up, long-time crypto observers are having flashbacks to the Initial Coin Offering bust of 2018, when thousands of digital token quickly become worthless after regulators warned they’re probably unregistered securities. Much like ICOs in their heyday, NFTs have become one of the hottest corners of the cryptocurrency world as speculators seek to take advantage of the surging

I don’t think anyone here is surprised! if you are then you need to get your head checked!

I had to explain what the NFT craze was to a client the other day, and I used the Hot Wife Example!… we were both on the floor laughing!

One thing history has taught us, there will always be another scam!

Yep...I've actually spent some time thinking about what the NEXT crypto scam will be. Because we all know it's coming. They'll need it for the next bull run. I'm sure they are cooking it up as we speak, and I'm also sure that it will be even more bonkers and ridiculous that either ICOs or NFTs.

I'm thinking something like:

NFTs that point to ownership of some physical space (that can't legally be "owned"). Like a small portion of someone else's beachfront property. Or a canyon view. Or a piece of real estate on the moon, or an asteroid. Or a cubic piece of the ocean. Or a piece of an African sahara. Or an Indian reservation. Or, of course, a piece of VR real estate (aka land ownership in the metaverse).

Whatever the NEXT crypto scam is, I'm sure it'll be even more nutso.    

[hisslyness]

NFT collection failures begin to mount in flashback to ICO bust.

For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.

On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,40.

As failed projects pile up, long-time crypto observers are having flashbacks to the Initial Coin Offering bust of 2018, when thousands of digital token quickly become worthless after regulators warned they’re probably unregistered securities. Much like ICOs in their heyday, NFTs have become one of the hottest corners of the cryptocurrency world as speculators seek to take advantage of the surging

I don’t think anyone here is surprised! if you are then you need to get your head checked!

I had to explain what the NFT craze was to a client the other day, and I used the Hot Wife Example!… we were both on the floor laughing!

One thing history has taught us, there will always be another scam!

Yep...I've actually spent some time thinking about what the NEXT crypto scam will be. Because we all know it's coming. They'll need it for the next bull run. I'm sure they are cooking it up as we speak, and I'm also sure that it will be even more bonkers and ridiculous that ICOs and NFTs.

I'm thinking something like:

NFTs that point to ownership of some physical space (that can't legally be "owned"). Like a small portion of someone else's beachfront property. Or a canyon view. Or a piece of real estate on the moon, or an asteroid. Or a cubic piece of the ocean. Or of course, a piece of VR real estate (aka land ownership in the metaverse).

Whatever the NEXT crypto scam is, I'm sure it'll be even more nutso.    

I think it will be totally different from NFT, as people who fell for it, will need something from left field, to carry their hopes of financial freedom! And the cycle begins again!

What ever it is, it will have a 3 letter acronym!..

[ChartBuddy]

Explanation

[JayJuanGee]

<img with a dead battery and a naughty word, plus "nary" >

Hey dude, Jay's gonna give you a good you-know-what...

Been there.  Done that.

[NoorulHuda]

You are not doing bitcoin right bro girl -90% is nothing.

Never panic just don’t let it turn off. Pro tip when you hit 2% or 1% put it on flight mode and you are good to go for another 10 15 minutes.

So here is the pro tip is (Hodl) like flight mode. And 10 to 15 minutes can be 10 to 15 days or month or years too..

Yes, anything is possible; however, it is not very realistic/prudent to get caught up on fringe cases which may well cause you to fail/refuse to adequately/sufficiently pee pare ur lil selfie for more likely scenarios including but not limited to UPpity.   In other words, don't get too caught up on fringe cases, because you are going to talk ur lil selfie out of having an adequate/sufficient quantity of bitcoins.

[edited out]

There is a writing mistake.
I want to say that.
 Bitcoin is only one which drop below 60%. you don't get anxious. Because it will recover it self.

Oh?  So you are suggesting that you are NOT as pessimistic nor unwilling to prepare ur lil selfie for UPpity than you are coming off to be?

 

I was just taking pangaas.

[sirazimuth]

NFT collection failures begin to mount in flashback to ICO bust.

For every Bored Ape and CryptoPunk there is a Baby Baller, one of the thousands of NFT projects that have faltered not long after celebrated debuts.

On average, one in three NFT collections have essentially expired, with little or no trading activity, blockchain analytics firm Nansen found. Another third are trading below the amount it cost issuers to mint the tokens. Nansen analyzed about 8,40.

As failed projects pile up, long-time crypto observers are having flashbacks to the Initial Coin Offering bust of 2018, when thousands of digital token quickly become worthless after regulators warned they’re probably unregistered securities. Much like ICOs in their heyday, NFTs have become one of the hottest corners of the cryptocurrency world as speculators seek to take advantage of the surging

I don’t think anyone here is surprised! if you are then you need to get your head checked!

I had to explain what the NFT craze was to a client the other day, and I used the Hot Wife Example!… we were both on the floor laughing!

One thing history has taught us, there will always be another scam!

Yep...I've actually spent some time thinking about what the NEXT crypto scam will be. Because we all know it's coming. They'll need it for the next bull run. I'm sure they are cooking it up as we speak, and I'm also sure that it will be even more bonkers and ridiculous that either ICOs or NFTs.

I'm thinking something like:

NFTs that point to ownership of some physical space (that can't legally be "owned"). Like a small portion of someone else's beachfront property. Or a canyon view. Or a piece of real estate on the moon, or an asteroid. Or a cubic piece of the ocean. Or a piece of an African sahara. Or an Indian reservation. Or, of course, a piece of VR real estate (aka land ownership in the metaverse).

Whatever the NEXT crypto scam is, I'm sure it'll be even more nutso.    

Its all well and good calling out crypto/shitcoin, NFT garbage for the flagrant scammery that it surely is.
The problem is, like it or not, all this nonsense eventually leads back to a bitcoin platform.
As long as this plethora of silly scammy projects exist, bitcoin will be guilty by association.
As far as Joe Shmoe Normie is concerned, it's all under the same umbrella, in the big scheme of things.  And yeah that sucks, but that's reality.

Case in point.... this forum... as well as intelligent bitcoin discussions, you also have a community of every scam shitcoin, NFT fanboys and girls under the sun.
(and a load of preposterous, political piffle to boot)