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

[philipma1957]

SEC’s Gensler Says Crypto Exchanges Trading Against Clients

If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213

Quoting my accountant from my former carreer life:

My job is basically to make huge wins of my clients look like huge losses in their account balances.

Basically they can't lose, the fees they charge should more than insure a profit.

[1714232046]

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[1714232046]

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[1714232046]

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[goldkingcoiner]

Ooof. Luna fanbois getting rekt. They started putting up suicide hotlines on their social media.

Should have bought BTC

[jojo69]

[philipma1957]

Who is this lovely figure of a man. A luna-tic?


please note I thought photo was nicely sized and kept it that size.

[Gachapin]

https://twitter.com/FreddieRaynolds/status/1463960623402913797

lol wtf

[Torque]

If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213

Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

[ChartBuddy]

Explanation

[JayJuanGee]

Sup everyone, just wanted to tell you that my Daily DCA is now active till 2023.
I will be buying daily for the next 237 days. Lowest BTC will go according to my analysis which I posted on 27th Jan is $24k which is 200 Weekly Moving Average.

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.

Have a good week ahead, happy buying.

Maybe you are hitting on another developing pet peeve of mine?

Daily cost averaging seems to be a misleading attempt at a euphemism... and the term is not daily cost averaging, it is dollar cost averaging (this correction about the "proper" term does not have to do with the dollar.. but instead getting away from expectation that there is any kind of meaningful justification to be maniacally in regards to buying every day.. which is more of an advanced practice rather than an entry-level practice).

Proof that you do not read before you jump to conclusions. Daily DCA
Daily DOLLAR COST AVERAGING

Fair enough for pointing that out.. you fuck #nohomo....  in terms of my NOT catching that technicality in the wording.

Nonetheless, it seems to me that I still made my overall and valid point in regards to why "daily" is problematic for a lot of normies, even if it might well be a workable approach for ImThour in this time in his life.... perhaps?  Perhaps?  if not, at least I mentioned one of the significant ways that I become worried in regards towards attempts to spout out ideas in regards to why I am concerned about buying too frequently.. especially when potentially dealing with small amounts and flat fees that some exchanges have..and the situations of poor people to not let the perfect become the enemy of the good as I already mentioned.

Of course, I do not know ImThour's exact details beyond what he said and even to the extent that I may have read or understood all - or any -  of the details that he might have actually already pointed out that I ignored... hahahahaha.

Last time I checked, this thread is NOT only about some personal quirks in the ways that guys might structure their BTC accumulation and/or portfolio management strategies - or even gotchas about some technicalities.. including that people do sometimes say daily cost averaging .. even though ImThour did not say that, even though he said that he has structured his purchases on a daily basis - so in that regard, there is fair game in the actual topic and the points that I was striving to make inspite of some technicalities that you spotted.. and surely, nothing meant to be personal in regards to ImThour - except maybe a few wee little digs in here and there because he quite likely deserves it.. based on reasons..... (that might be his past conduct, present conduct or things that he might do or think about doing in the future)  hahahahahahaha 

[Richy_T]

Edit: No I see the Nasdaq has shit itself. It was a higher CPI than expected.

Not for anyone paying fucking attention.

[Hueristic]

Ooof. Luna fanbois getting rekt. They started putting up suicide hotlines on their social media.

Should have bought BTC

LOL, pinned threads.

https://old.reddit.com/r/terraluna/

[Hueristic]

If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213

Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

Probably both.

[ChartBuddy]

Explanation

[JimboToronto]

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

Probably the latter.

[cAPSLOCK]

If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213

Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

It CAN be both.

So, Bitcoin has bounced off the yearly low today...  It would be great if this was the bottom, but most signs do not point to that.  Still Bitcoin does what it likes to, and I think it is acting great considering the environment.

Could be in for a little altpocalypse action here, which usually painful is some of the best medicine.

[Torque]

Ooof. Luna fanbois getting rekt. They started putting up suicide hotlines on their social media.

Should have bought BTC

LOL, pinned threads.

https://old.reddit.com/r/terraluna/

Not to sound apathetic, but I file this into "People not old enough to remember the carnage of those gullible scammed by penny stock scams in the 1980's and 90's"

And yes, many of those people lost their life savings and ended up committing suicide.

History repeats.

Also, "Biiiiittttconnnnnect !!!"

[cAPSLOCK]

And SERIOUSLY.  For the LUNA bagholders...  Help is just a call away.  Whatever you are thinking is probably not worth it.

Seriously... O.M.G.



(Hard not to buy a bag here, really... but this homie don't play that)

[JayJuanGee]

Sup everyone, just wanted to tell you that my Daily DCA is now active till 2023.
I will be buying daily for the next 237 days. Lowest BTC will go according to my analysis which I posted on 27th Jan is $24k which is 200 Weekly Moving Average.

If we take time into consideration for the price to meet the Weekly 200 MA, it will be near about $24k.
This changes the price drop from current price from 46% to 30%.

Have a good week ahead, happy buying.

Maybe you are hitting on another developing pet peeve of mine?

Daily cost averaging seems to be a misleading attempt at a euphemism... and the term is not daily cost averaging, it is dollar cost averaging (this correction about the "proper" term does not have to do with the dollar.. but instead getting away from expectation that there is any kind of meaningful justification to be maniacally in regards to buying every day.. which is more of an advanced practice rather than an entry-level practice).

Proof that you do not read before you jump to conclusions. Daily DCA
Daily DOLLAR COST AVERAGING

Not meant for everyone to read it properly, I guess?

Also, there is no particular strategy on when and how you accumulate, you just do it.

It seems that the best strategies are to attempt to tailor to your own psychological and financial situation in terms of both figuring out a sufficiently aggressive approach while NOT overdoing it....

In terms of BTC accumulation, I always consider dollar cost averaging to be the most important because it allows for getting in almost right away (after setting up accounts - wallets, or whatever to be used to get exposure) and then to be able to learn as you go.. to then be able to tweak your strategies.. and surely the other two main methods that can supplement DCA is lump sum investing and buying on dips...

Surely it can take a long time for anyone to figure out the better ways to attempt to tailorize those methods to his/her situation..and surely sometimes when someone is really dumb (not meant as an insult) or confused about what to do, DCA can serve as a kind of means to do something with a relatively small amount while maybe studying one's own situation and to adjust the approach in the future.

[fr4nkthetank]

its a shitcoin bloodbath
xD

[Tash]

If you have the house edge and still can't make it
https://twitter.com/WatcherGuru/status/1524125736726110213

Not that I would ever buy COIN, but over 20 Wall Street analysts still have a price target of $271.23 on the stock. It's currently @ $55.37.

That means that either they know something is coming that we don't know, or they are all complete fucking idiots.

Investors are fleeing



Not your keys not your coins.
https://fortune.com/2022/05/11/coinbase-bankruptcy-crypto-assets-safe-private-key-earnings-stock/

[ChartBuddy]

Explanation