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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26404805 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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March 01, 2023, 08:01:16 AM


Explanation
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Bisq Market Day - March 20th 2023


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March 01, 2023, 08:04:53 AM

JUST IN: Bank of England advances with digital pound CBDC, saying it'll be a "safe place" to store wealth.

"Cash is no longer fully functional" - Deputy Governor.

The 🇬🇧 UK needs #Bitcoin   

https://twitter.com/BitcoinMagazine/status/1630576062135427072?t=D_Ia5QvOyvc5KGNZqaImZw&s=19
goldkingcoiner
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March 01, 2023, 08:45:43 AM

...

I will be having some vodka tonight.

May as well.  Vodka, potatoes, carbs.. what difference does it make...  




Its got mint and limes in it. How is that vodka? Put the limes back in your purse and drink it pure like a man (who hodls BTC). Tongue
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March 01, 2023, 09:01:21 AM


Explanation
AlcoHoDL
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March 01, 2023, 09:01:59 AM
Merited by JayJuanGee (4), vapourminer (1), Biodom (1)

($195,312.5 to $390,625) / 0.390625 BTC = $500,000 to $1,000,000 / BTC

I find these prices a bit conservative for 2036. I hope we get there by 2028. Whatever happens, it's still a win for HoDLers.

I would advise any Bitcoin newbie to set their target at reaching 1 whole BTC. They should attain f.u. status within the next 10 years.

I am not suggesting that I necessarily disagree with you, but wouldn't getting to fuck you status depend upon what is their "personal" "subjective" fuck you status?

I am not saying that truth is subjective, but I am suggesting that there are a lot of individual factors that go into determining "what is" fuck you status?

Unless you might be referring to a kind of default entry-level fuck you status for the west that might be something like $2million in today's dollars... .. and surely it seems that there are pretty decent odds that entry-level fuck you status could be achieved with 1 BTC in 10 years from now.. so in 2033.. ..

And, surely we know that there are some folks who are easily able to get to 1 BTC.. in these times or maybe even within the next 2-5 years; however, the next question would be to be able to hang onto at least 1 BTC in the subsequent 5-8 years in which some of these folks might get shaken from their BTC.

Currently many of us consider right around 80 BTC to be default entry-level fuck you status for todays current overall climate (BTC versus USD versus macro dynamics), and just think about how many guys could have accumulated somewhere in the ballpark of 80 BTC in the past 6-9 years?... so we could say that in the past 5-9 years,  80 BTC could have been fairly easily acquired and accumulated between $24k (at $300 per BTC) and/or $240k ($3k per BTC), and perhaps many folks potentially somewhere in the middle of right around $80k (which would be $1k per BTC), so then for sure, it would have had been better to have had been able to get accumulate up to 80 BTC or more for the lower end of that price spectrum of $300 per BTC or $24k BTC, but even paying a bit more than that might not be so bad based on the current value of 80 BTC.. and at the same time, part of the question might have been to be able to hang onto the BTC, for 5-9 years or longer and still be in a position to have those 80BTC, so sometimes it might not hurt to accumulate more BTC (something like 100 BTC at various points in time) but then still end up with 80 BTC in current times.

Similar with the desire to have 1 BTC or more in 2033 or later, then maybe it might be good to accumulate 1.2 BTC to 1.5 BTC to still be able to have at least 1 BTC by the time 2033-ish comes along.

[...]

F.u. status is a relative term for sure. I took your entry-level f.u. status value of $2M as a reference, which I guess is a pretty comfortable amount of wealth for the average someone to be able to live without having to be a wage-slave, assuming one is in a wage-slave-type job -- there are exceptions, where a job can be quite pleasurable, in which case the corn f.u. amount can serve as a backup for when things at work turn sour. Then there's also the issue of medical insurance and other state benefits and societal issues relating to having a job vs. being unemployed. In any case, $2M can provide a sense of freedom and independence, to a greater or lesser extent, depending on country of residence, spending habits, addictions to LHB-type goods and services, etc.

Another important thing to consider is Bitcoin volatility and global events that can potentially add outliers to the overall "it's going up forever, Laura" trend. A local deviation of sufficient magnitude and duration, combined with lack of preparedness for DOWNities and absence of some fiat buffering (when in Rome, do as Romans do) could force one to liquidate more corn than originally planned, thus shortening the f.u. time horizon and weakening one's position in relation to self-sufficiency.

As things currently stand, entry-level f.u. status is attained at a value of 80 BTC (upper fish-level rank). This looks quite bleak for Bitcoin noobs and other low-ranking species such as shrimps and lower (< 1 BTC), but they should not fall into the "too expensive" trap. Crabs and octopuses (1-50 BTC) are in a better position, and should reach f.u. status within the next 5-10 years (conservative estimate). Aiming to own 1 whole BTC is a healthy and realistic target for noobs who are employed and relatively healthy financially. $24k is not a great amount and I urge all such noobs who have this kind of cash in a bank account to buy 1 BTC ASAP, put it in a wallet they control and forget about it (no trading!). In the next 10 years I see whole-coiners entering f.u. status too. Yes, this is Bitcoin, and no, this is not financial advice, but I wish I had that advice when I started in 2015...

tl;dr: Double-digit coiners are already in the rocket, they can either HoDL, or BTFD/DCA. Noobs should immediately start accumulating as much as possible, ideally reaching 1 BTC (or more, of course). Always have a backup plan and always be prepared for DOWNities. Buy when you can, sell when you must.
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March 01, 2023, 09:15:57 AM


IMO



ChartBuddy
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March 01, 2023, 10:01:16 AM


Explanation
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March 01, 2023, 10:21:37 AM

Bitcoin is too Complicated For Grandmother....

Video link: https://www.reddit.com/r/Bitcoin/comments/11enabj/bitcoin_is_too_complicated_for_grandma/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button


My grandma after 78 years of refusing to give in to technology (and she holds a Master degree, is a published writer, etc) finally accepted when I gave her a smartphone because she heard about "calling drivers that are less expensive than taxis and that don't scam you, but you need internet on your phone" (Uber).

Two hours after I gave her the smartphone (just initial configuration and putting the credit card on the uber app), she messaged me saying that she found music and movies from her childhood on the "red TV thingy" (youtube). Next day she sent me a sticker on whatsapp; I never even installed her whatsapp, she had to figure out google play store and install it on her own. She still doesn't even understand the concept of wifi and mobile data and why she can't use the internet outside of her house.

https://www.reddit.com/r/Bitcoin/comments/11enabj/bitcoin_is_too_complicated_for_grandma/jaftyp3?utm_medium=android_app&utm_source=share&context=3

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March 01, 2023, 11:00:11 AM
Merited by BitcoinBunny (2)

Bitcoin is too Complicated For Grandmother....
...



imo

IMO

Imo
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March 01, 2023, 11:01:17 AM


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March 01, 2023, 12:01:20 PM


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d_eddie
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March 01, 2023, 12:07:37 PM


 Cheesy
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March 01, 2023, 12:29:38 PM


Hoping for a green week ahead of us.
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March 01, 2023, 12:41:41 PM
Merited by JayJuanGee (1)

Price is bouncing between 50 & 200 MA on 4hr price and looking set for a breakout soon, maybe tomorrow for Turnaround Tuesday. Or Wednesday after (bullish/bearish) Monthly close.

Think price is ready to make a move now February is over. Bears managed to push price below July closing high of $23.3K in the final hours but failed to follow through. Instead we ended up with a neutral doji candle below resistance signalling indecision in the market as well as lack of bullish/bearish confirmation . Today bulls have managed to push price back above the 50MA on 4hr that price was stuck below however,

Time for a re-test of $24.7K volume point of control maybe? Alternatively, further consolidation above $23K would be my guess. While there still remains indecision, ultimately bears have spent a month failing to get a strong rejection from $24K to $25K resistance level. Last year it took just less than a month to push prices below $21K. Likewise, bulls have spent a month trying to maintain prices above $24K with no luck.

Officially this is otherwise the smallest loss/gain candle recorded on Bitcoin monthly chart. Last time there was a doji similar to this was January 2017 or otherwise March 2012, prior to further upside.

If 2012 is anything to go by, as that doji was nearer the lows than 2017 doji that was nearer the highs, this month could well be another consolidation month at +/- 1%.
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Bisq Market Day - March 20th 2023


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March 01, 2023, 12:55:25 PM

JUST IN: 🇺🇸US administration allegedly working on digital dollar CBDC for financial surveillance 😱🚨

via @GOPMajorityWhip

https://twitter.com/BitcoinNewsCom/status/1630667520611852307?s=19
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March 01, 2023, 01:01:17 PM


Explanation
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March 01, 2023, 01:27:07 PM

buddy I have awakened and am closing back in on you.

Buddy 9 Phil 5
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March 01, 2023, 01:47:54 PM


WO is full of farmers these days
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March 01, 2023, 01:49:14 PM


Hoping for a green week ahead of us.

since there is no source linked, it was you who created that TA pic, right?
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March 01, 2023, 02:01:17 PM


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