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

[HI-TEC99]

"A picture is worth a thousand words"

Bitcoin Yearly Candles

This years candle looks like such an obvious bear trap. We could spring back to 30k+ before the end of the year. Unless we end the year on a fat red candle, I am staying optimistic.

The longer we hold the line at 17k and trade sideways the more powerful the upside move going into the 2024 halving…of course I was wrong on the last halving and the most bullish according to the poll… who knew! 400K target for 2025… 😎 cheers hodlers

Disclaimer: Holdin my keys wit an iron grip

I'd say the last ATH was on the lower side of the expectations (...at least of mine, as 70k was my worst case scenario).  

So it could well be that the next run makes up for the weakness of the last one and gives us more uppity than the 3.5x from 20k (2017) to 70k (2021).  

400k is in the cards, ...

At 400k I might swap my cardborghini for a real lambo.

[1679905032]

1679905032

[eXPHorizon]

Bitcoin does not mean your unplugged ur even more dependant... It is time WO Minions.. It is your time

[ChartBuddy]

Explanation

[Gachapin]

"A picture is worth a thousand words"

Bitcoin Yearly Candles

This years candle looks like such an obvious bear trap. We could spring back to 30k+ before the end of the year. Unless we end the year on a fat red candle, I am staying optimistic.

The longer we hold the line at 17k and trade sideways the more powerful the upside move going into the 2024 halving…of course I was wrong on the last halving and the most bullish according to the poll… who knew! 400K target for 2025… 😎 cheers hodlers

Disclaimer: Holdin my keys wit an iron grip

I'd say the last ATH was on the lower side of the expectations (...at least of mine, as 70k was my worst case scenario).  

So it could well be that the next run makes up for the weakness of the last one and gives us more uppity than the 3.5x from 20k (2017) to 70k (2021).  

400k is in the cards, ...

At 400k I might swap my cardborghini for a real lambo.

I would rather drive a cardborghini with pedals than a real lambo. it's less cringe

[HI-TEC99]

"A picture is worth a thousand words"

Bitcoin Yearly Candles

This years candle looks like such an obvious bear trap. We could spring back to 30k+ before the end of the year. Unless we end the year on a fat red candle, I am staying optimistic.

The longer we hold the line at 17k and trade sideways the more powerful the upside move going into the 2024 halving…of course I was wrong on the last halving and the most bullish according to the poll… who knew! 400K target for 2025… 😎 cheers hodlers

Disclaimer: Holdin my keys wit an iron grip

I'd say the last ATH was on the lower side of the expectations (...at least of mine, as 70k was my worst case scenario).  

So it could well be that the next run makes up for the weakness of the last one and gives us more uppity than the 3.5x from 20k (2017) to 70k (2021).  

400k is in the cards, ...

At 400k I might swap my cardborghini for a real lambo.

I would rather drive a cardborghini with pedals than a real lambo. it's less cringe

Even mopeds go faster than them.

[HI-TEC99]

This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.



https://bitsonline.com/lamborghini-bitcoin-saddington/

... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52.

Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.

Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.

He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said.

At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all.

[Toxic2040]

[ChartBuddy]

Explanation

[cAPSLOCK]

This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.



https://bitsonline.com/lamborghini-bitcoin-saddington/

... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52.

Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.

Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.

He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said.

At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all.

I registered here in 2011 after discovering I could play poker for bitcoin.

I have sold little bits to do things like take a trip with my wife.

But ultimately I have bought the dips enough to replace those sold coins.  Part of it is my ethos.  I do not really need all that much stuff.  In fact in the end I just might make all of you richer.

“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.” -somebody important

I accepted long ago I will either be a genius for holding, or a fool.

We will see.

[ChartBuddy]

Explanation

[cAPSLOCK]

I am sad to announce that one of the oldest lightning network nodes to exist is going to be shut down permanently.  (well unless I change my mind.  I still have the details needed to spin it back up. )

Deej...  A node way more than 3 years old...  A child of one of the first 200 nodes on the LN.

Foolishly run on a raspberry pi.  On a single hard drive.  The hard drive failed.  I was running DEEJ (LND) and it's sister node JEED (CL) on the same setup.  Deej was difficult to recover, but Jeed was much more resilient.  This has made me realize that the Blockstream implementation is superior to the LND one.  As it turns out there are many other ways this is true.  Like Bolt 12.

Anyway... I will keep JEED running, and might toss a few more BTC at it... but the venerable DEEJ is being completely shut down... 

Long live the king.

https://1ml.com/node/02a0bcc2b99673587d4a92028a2b2ce709b72c904962e2f783fd480c2c41e3dc7d

https://1ml.com/node/03562bdcf00fe0cf44e8a491a8c9b26f31c4e45c9a88cdfd6a2f0f2550a304c73e

[ChartBuddy]

Explanation

[Gachapin]

This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.



https://bitsonline.com/lamborghini-bitcoin-saddington/

... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52.

Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.

Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.

He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said.

At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all.

I certainly wouldn't pay 45 BTC for a car. (if I'm not mistaken that's about the BTC he paid)

But I understand when he is talking about the reward you need to give yourself from time to time...

[JayJuanGee]

This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.



https://bitsonline.com/lamborghini-bitcoin-saddington/

... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52.

Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.

Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.

He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said.

At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all.

For nice and round numbers, let's say that the Lambo cost him around 50 BTC (or 45 BTC like Gachapin said), and he got those BTC for around $115 or maybe he paid a bit more for the BTC or the lambo cost him a bit more.. .. .. yet.. I would conjecture that any good money manager is not going to be spending more than 1/4 of his her stash for a stupid depreciating car.. (even if it is nice looking and all of that).  In other words, I would conjecture that he should have at least 150 BTC at the time of that October 2017 purchase - so then one of the major questions would be whether he would have bought more BTC when the BTC price dropped between 2018 and 2020, and was he not so careless as to sell some of his BTC in such a way that would be too much too soon.

Even though I am granting up to 25% on a luxury car, I could not imagine even spending 5-10% of my stash on such a car... so in that regard, if the targeted lambo costs around $500k (and maybe even more) then I would not really judge too much if the person were to have $2million in networth in order to buy such lambo (so that would be 25%, but more reasonably, I would expect a bit more networth, even though such lambo would be affordable, even at 25% of networth.  Maybe I am being a bit too judgmental about the use of wealth on consumption goods, and we know that there are quite a few consumption goods that cost quite a ibt of money to actually use, and some luxury homes, yachts and airplanes seem to fit into that category... and some of us somewhat normies consider ourselves as getting close to reaching fuck you status, reaching fuck you status or being multiples above our target fuck you status, but still if we start to compare our lifestyles to the lifestyles of the rich and famous (the filthy rich) then we likely realize that there is still quite a bit of a gap.. and then maybe there could be questions regarding if we are already established rich or if we are just new rich (and may have even been somewhat bumped out of our feelings of rich status in recent times, perhaps?).

This is the kind of deal I'm hoping for. Even if I don't get a lambo it's a nice profit to make.

https://bitsonline.com/lamborghini-bitcoin-saddington/

... having bought his first bitcoin way back in 2011. When he bought in, the bitcoin price was $2.52.

Come October 2017, and Saddington’s cheap investment from 2011 had earned enough profit to allow him to purchase the Lamborghini. Rather than selling his coins at an exchange and buying the car with fiat, however, Saddington made the entire purchase with bitcoin.

Based on what he paid for the bitcoins in 2011, Saddington said his car only cost around $115. Profit from the skyrocketing bitcoin price took care of the rest.

He bought the car in despite the Bitcoin Lambo memes warning against buying a car with the rapidly-appreciating bitcoin. Saddington acknowledged that his purchase may end up costing him $20 million in the future as bitcoin’s value goes up. “But sometimes you just have to reward yourself,” he said.

At a guess if he'd hodled he would be a multi millionaire by now. Maybe I won't be getting a lambo after all.

I registered here in 2011 after discovering I could play poker for bitcoin.

I have sold little bits to do things like take a trip with my wife.

But ultimately I have bought the dips enough to replace those sold coins.  Part of it is my ethos.  I do not really need all that much stuff.  In fact in the end I just might make all of you richer.

“Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.” -somebody important

I accepted long ago I will either be a genius for holding, or a fool.

We will see.

And that seems to be another angle that if you end up selling smaller amounts of BTC (in the 5% to 10% arena), then it becomes a lot more likely (or easier) that you will be able to replace a decent proportion of the amount that you sold.  Selling 25% or more becomes much more difficult to replace without taking what is likely unnecessary risk or causing yourself to be overly uncomfortable in living your life (even while increasing your standard of living).

[Popkon6]

Please only Boobs, ass, n pussys hhh pussy and tits can be combined !

Just kidding... post WHATEVER you Like


[/quote]



Just Fun bro

[ChartBuddy]

Explanation

[Toxic2040]

[shahzadafzal]

Why FTX's Sam Bankman-Fried is Right

Watch until the end  N  Y  K  N  Y  C  

Well I watched it and we also need to listen to him too, in his recent interview with WSJ, where he try to blame everything on Almeda Research.

In the end whatever he says, blame will come back to him. He was the boss, he was responsible for all the things. His oversight is not an excuse. Almeda did bad but he gave them the opportunity to do so.

Or maybe he was not a bad guy and people just took advantage of him and maybe that's the reason he's still free.

But I heard somewhere online that this was all planned to bring more tight and strict regulations. I don't really agree with the conspiracy but you never know... one thing is for sure, regulations are coming!

[HI-TEC99]

Why FTX's Sam Bankman-Fried is Right

Watch until the end  N  Y  K  N  Y  C  

Well I watched it and we also need to listen to him too, in his recent interview with WSJ, where he try to blame everything on Almeda Research.

In the end whatever he says, blame will come back to him. He was the boss, he was responsible for all the things. His oversight is not an excuse. Almeda did bad but he gave them the opportunity to do so.

Or maybe he was not a bad guy and people just took advantage of him and maybe that's the reason he's still free.

But I heard somewhere online that this was all planned to bring more tight and strict regulations. I don't really agree with the conspiracy but you never know... one thing is for sure, regulations are coming!

There's speculation Alameda Research CEO Caroline Ellison might be in the US trying to do a plea bargain with the authorities.

https://cointelegraph.com/news/alameda-ex-ceo-caroline-ellison-spotted-in-new-york-twitter-users-claim

A recent photo of what appears to be former Alameda Research CEO Caroline Ellison in a Manhattan coffee shop in New York has been making the rounds on Twitter.

On Dec. 4, two photos began circulating on Twitter, appearing to show Ellison ordering a coffee at the Ground Support Cafe in Manhattan.

Adding some weight to the possible sighting, Gopher, the Golden Doodle puppy which is understood to be owned by FTX and Alameda execs also seems to be in the photo next to Ellison.

Some members of the community are surprised that Ellison is on U.S. soil given the possible legal ramifications, while others have speculated that Ellison could be looking to cut a deal with authorities.

The coffee shop in question is only a short walk away from the U.S. Attorney’s Office and the New York FBI office, some have pointed out.

[nanobtc]

Wow, so many n00bs here. That is usually an up-tick.

Welcome to WO.

PM me here with your mother's maiden name, and PVT key for more details!

You're welcome. The check is in the mail!