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

[fillippone]

Five minutes craft from your friend Fillippone.
When Lambo?
Which Lambo?

[1714256107]

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[1714256107]

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[1714256107]

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[1714256107]

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[1714256107]

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[ChartBuddy]

Explanation

[PokestarFan]

It might be possible we go sub-20k. That would approach 2017 ATH.

[death_wish]

@death_wish: aim for one (1) BTC. This should be enough to set you up for life. Now is a golden opportunity to get it at a very low (relatively speaking) price point.

Thank you kindly.  You are right about getting at least 1 BTC.  I have been in a little bit of a daze trying to figure out how to scratch together purchase funds for that.  Before you posted that—thinking, Need 1 BTC.  Wrote to a friend that I need at least 1 BTC before I die.  Not even thinking about riches—it is a much deeper need for me, 1 BTC.  Then, your post...  I sat staring at your post, pondering it.

I shot my bolt with stablecoin reserves avoiding liquidation on the way down to $30k.  I typically keep only enough local fiat in the bank for immediate necessities, which are indeed necessities—I spend little, so it is a negligible amount; anyway, there is a privacy firewall between the bank and crypto-land.  That leaves volatile alts.  Most are already gone.  Part of remaining scraps is illiquid—locked up in staking, which takes 7–11 days to unlock (depends on the coin), or long-term locked for one large airdrop that I would have dumped long ago if it wasn’t locked.  They lock those shitcoins for a reason!  Altcoin protip, based on my altcoin experience:  If something has any type of lockup to prevent you from dumping, that itself suggests that it probably should be dumped.  Valuable things do not need lockup to inhibit people from dumping them.  Bitcoin is dominant when 100% of the BTC supply is freely floating.  (I have been intending to start an anti-POS thread about this financial manipulation.)

The rest of what’s left is nowhere near $20k in value right now—not even near $10k.  And those are things I expect to recover against BTC—swapping the thing that’s down more for the thing that’s down less is not a winning move.  Of course, most altcoins never recover after they fall against BTC.  Some probably will; I know the difference.  The “emergency reserve” is one of those, and I don’t have much of it left for any emergencies of an immediate life-or-death nature.  In the past six years, it has not kept up with BTC’s rises; it has overall lost about 97% against BTC, even as it rises somewhat against the dollar.  But it bounces back pretty well against BTC when both crash hard in a bear market, sometimes even starting before BTC bounces.

To get together $20k (or soon, $21k if we’re bouncing?) dollar cash ASAP is very far out of reach for me right now.  The margin account ate the assets that I could have used for such a thing.

Needless to say, I have been mulling a strategy to liquidate scraps in various potential near-future market conditions, to piece together a portion of a bitcoin.  Trying to estimate how to time what, to get the most BTC I can.  To give myself a headstart back towards 1 BTC.

[Lucius]

[vapourminer]

EDIT: At least, i can extend my list of hobbies:

6. catching knives

more like catching falling chainsaws at this point.

next up: catching falling black holes

[death_wish]

EDIT: At least, i can extend my list of hobbies:

6. catching knives

more like catching falling chainsaws at this point.

next up: catching falling black holes

That’s called a margin account.  When it goes bad, and you keep throwing good money after bad.

If I had written off my BTC months ago and just kept other assets intact, then I would probably be able to buy at least 2–3 BTC right now—maybe more.

[somac.]

@death_wish: aim for one (1) BTC. This should be enough to set you up for life. Now is a golden opportunity to get it at a very low (relatively speaking) price point.

Thank you kindly.  You are right about getting at least 1 BTC.  I have been in a little bit of a daze trying to figure out how to scratch together purchase funds for that.  Before you posted that—thinking, Need 1 BTC.  Wrote to a friend that I need at least 1 BTC before I die.  Not even thinking about riches—it is a much deeper need for me, 1 BTC.  Then, your post...  I sat staring at your post, pondering it.

I shot my bolt with stablecoin reserves avoiding liquidation on the way down to $30k.  I typically keep only enough local fiat in the bank for immediate necessities, which are indeed necessities—I spend little, so it is a negligible amount; anyway, there is a privacy firewall between the bank and crypto-land.  That leaves volatile alts.  Most are already gone.  Part of remaining scraps is illiquid—locked up in staking, which takes 7–11 days to unlock (depends on the coin), or long-term locked for one large airdrop that I would have dumped long ago if it wasn’t locked.  They lock those shitcoins for a reason!  Altcoin protip, based on my altcoin experience:  If something has any type of lockup to prevent you from dumping, that itself suggests that it probably should be dumped.  Valuable things do not need lockup to inhibit people from dumping them.  Bitcoin is dominant when 100% of the BTC supply is freely floating.  (I have been intending to start an anti-POS thread about this financial manipulation.)

The rest of what’s left is nowhere near $20k in value right now—not even near $10k.  And those are things I expect to recover against BTC—swapping the thing that’s down more for the thing that’s down less is not a winning move.  Of course, most altcoins never recover after they fall against BTC.  Some probably will; I know the difference.  The “emergency reserve” is one of those, and I don’t have much of it left for any emergencies of an immediate life-or-death nature.  In the past six years, it has not kept up with BTC’s rises; it has overall lost about 97% against BTC, even as it rises somewhat against the dollar.  But it bounces back pretty well against BTC when both crash hard in a bear market, sometimes even starting before BTC bounces.

To get together $20k (or soon, $21k if we’re bouncing?) dollar cash ASAP is very far out of reach for me right now.  The margin account ate the assets that I could have used for such a thing.

Needless to say, I have been mulling a strategy to liquidate scraps in various potential near-future market conditions, to piece together a portion of a bitcoin.  Trying to estimate how to time what, to get the most BTC I can.  To give myself a headstart back towards 1 BTC.

You must be able to get payment for your labor one way or another. Just dedicate a portion of it to buying BTC on a regular basis and you'll probably get to 1 BTC. It won't happen quickly but it will slowly build. And even if you only got 0.5 BTC or 0.25 BTC that is still a hell of lot when you consider there is only 21 million of them.

I feel for you and I hope you can get back on your feet.

[empowering]

@ImThour Sobs despairingly at good-old-loyal-boi 200MA. It's not over yet but agree, Fed news will move something big. Everyone's expecting up to a full point, majority 0.75 so anything more than that and we'll definitely visit 16k. I'm hoping Powell does a silly and we get half point instead, then we find some 30k respite.

Doesn't matter in the long run, but I'd really like to be not-so-stressed right now heh.

The 200 WMA you mean ?


Is it Sunday already ?  who knew

[El duderino_]

Those with humor in a dive…. Are the ones who get it….

[marahoga112]

JUST IN - El Salvador Finance Minister: "When they tell me that the fiscal risk for El Salvador because of Bitcoin is really high, the only thing I can do is smile." 🇸🇻


Source : https://twitter.com/BitcoinMagazine/status/1536804322759032834

[BitcoinBunny]

Back over $21K

[pakhitheboss]

Another stable USDD not looking good. This can become a big issue with the current market situation as USDD is backed by the Tron DAO network. At the moment the value is well below $1 not by a 1 cent but by 4 cents.

[ChartBuddy]

Explanation

[somac.]

Another stable USDD not looking good. This can become a big issue with the current market situation as USDD is backed by the Tron DAO network. At the moment the value is well below $1 not by a 1 cent but by 4 cents.

USDD has a market cap of less than a billion. I feel the fallout from that should not be too big, however, it will be another fear moment and some selling will probably happen because of it.

These disasters and other FUD are probably going to go on for a while. I guess the way we know that the BTC price has bottomed is when it no longer reacts.

[death_wish]

@death_wish: aim for one (1) BTC. This should be enough to set you up for life. Now is a golden opportunity to get it at a very low (relatively speaking) price point.

Thank you kindly.  You are right about getting at least 1 BTC.  I have been in a little bit of a daze trying to figure out how to scratch together purchase funds for that.  Before you posted that—thinking, Need 1 BTC.  Wrote to a friend that I need at least 1 BTC before I die.  Not even thinking about riches—it is a much deeper need for me, 1 BTC.  Then, your post...  I sat staring at your post, pondering it.

[...]

To get together $20k (or soon, $21k if we’re bouncing?) dollar cash ASAP is very far out of reach for me right now.  The margin account ate the assets that I could have used for such a thing.

Needless to say, I have been mulling a strategy to liquidate scraps in various potential near-future market conditions, to piece together a portion of a bitcoin.  Trying to estimate how to time what, to get the most BTC I can.  To give myself a headstart back towards 1 BTC.

You must be able to get payment for your labor one way or another. Just dedicate a portion of it to buying BTC on a regular basis and you'll probably get to 1 BTC. It won't happen quickly but it will slowly build. And even if you only got 0.5 BTC or 0.25 BTC that is still a hell of lot when you consider there is only 21 million of them.

Without going into private financial details on a public forum...  My life has gone in a direction not really suited to the DCA strategy, and all of my planning has been dependent on assets that are now gone.  I like my independence.

My earlier post addressed to Jay about wandering off to an altcoin ecosystem may have been unfairly snide, but it was true.  The best (least-bad?) option on my table is to finish the moneymaking robot that I started developing too late to save my BTC.  If the defi ecosystem where I have experience doesn’t totally die, my triangular/quadrangular arb bot will beat the hell out of competitors.  I am a C programmer who digs into the internals of things, and who takes pleasure in minute optimizations.  Most competitors are assembling ready-made Lego blocks made in Javascript—or at best, using a pile of Rust libraries without understanding what’s going on under the tower of abstractions.  Estimated further development time to v1.0 is about a month of being not worn out, sleep-deprived, and distracted.

And even if you only got 0.5 BTC or 0.25 BTC that is still a hell of lot when you consider there is only 21 million of them.

I always think in those terms.  I remember when I touched 2.1 BTC not so very long ago:  Wow, a ten-millionth of the world’s reserve money supply!

I feel for you and I hope you can get back on your feet.

Thanks.  I rag on it sometimes, but WO has been a lifeline for me lately.  I DGAF about those who dislike me.  The friendly messages (starting in May with Jay and Heater trying to help me avert impending doom) are what matter to me; and this has removed some torture from a business-savvy friend who told me in January, when I was already mostly trapped, “Risk debt against BTC?  Are you fucking crazy?”, then spent the ensuing months patiently suffering having to watch me deal with this.

[El duderino_]

[ImThour]

Doesn't help at all in the current environment.


https://twitter.com/BTC_Archive/status/1537044328639520770

[cAPSLOCK]

Doesn't help at all in the current environment.


https://twitter.com/BTC_Archive/status/1537044328639520770

This is SUPER interesting!  And surprises me.  Huh.

Russia is new to this game, but previous players would suddenly reverse these sorts of declarations...

You know... maybe it is just my perma-bull insanity, but I am wondering if there are not some very powerful folks realizing they have to make some bold moves to get a position in the size they would want...

[empowering]

Doesn't help at all in the current environment.


https://twitter.com/BTC_Archive/status/1537044328639520770

This is SUPER interesting!  And surprises me.  Huh.

Russia is new to this game, but previous players would suddenly reverse these sorts of declarations...

You know... maybe it is just my perma-bull insanity, but I am wondering if there are not some very powerful folks realizing they have to make some bold moves to get a position in the size they would want...

Hasn't Russia announced and flip flopped several things re BTC and crypto before?