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

[ChartBuddy]

Explanation
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[somac.]

I'm putting my buys at low 27k. All good if it just pumps from here though.

[d_eddie]

Hello, I'm setting up an automated weekly DCA. Can some of the knowledgeable gentlemen here suggest the day of week with statistically lowest prices?

The best day of buying bitcoin Sunday
The Second best day of buying bitcoin Saturday.



Read more details: https://coincodex.com/article/25506/best-day-of-the-week-to-buy-crypto/

Thanks for your reply.
The linked article, however, lists the days with the largest UPpity in price. As if I were to sell on the same day.

What is the best day to buy Bitcoin?

Over the years, Saturday has emerged as the best day of the week to buy Bitcoin, with the coin gaining 0.413% on average on that day. According to historical data, Monday is the second-best day to buy Bitcoin due to an average increase of 0.360%. Friday is the only day of the week that Bitcoin has shown negative growth over the years.

Interestingly, out of the 50 biggest single-day spikes in the last 7 years, 10 occurred on Thursday, 9 each on Tuesday and Wednesday, 7 each on Monday and Saturday, 5 on Friday, and only 2 on Sunday.

What I'm looking for - and haven't yet been able to find - is the day with the average lowest price in the week.

[OgNasty]

It seems a little strange to me that Bitcoin is slowly falling in price while the traditional markets are rallying so hard. Making things a little stranger, prominent investors have been selling off shares of Coinbase leading me to wonder if perhaps they know something that we don’t. Perhaps they’ve already been given a heads up about widespread ETF rejections?

[ChartBuddy]

Explanation
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[MERlT]

It seems a little strange to me that Bitcoin is slowly falling in price while the traditional markets are rallying so hard. Making things a little stranger, prominent investors have been selling off shares of Coinbase leading me to wonder if perhaps they know something that we don’t. Perhaps they’ve already been given a heads up about widespread ETF rejections?

Fuck the ETF's!

[JayJuanGee]

What you do

HODL?

Hello, I'm setting up an automated weekly DCA. Can some of the knowledgeable gentlemen here suggest the day of week with statistically lowest prices?

I don't recommend "automated"  sorry bout dat.

And do they even allow you to customize it?  beyond "weekly" or ability to choose "day of the week" versus having the ability to pick the exact hour.

I recommend that you be more active with your BTC purchases and manually process them, even if you might have to vary the time a bit.. .. but since you have been around dee cornz so much, you should be able to manually process a buy at a time that is of your own convenience.. and it should not take more than 15 minutes per week - which also gives you a chance to browse a few threads...

but yeah.. part of the reason that you want to set up automated would be either so you do not get distracted.. or that you might not be in a place that you are able to carry out your 15 minutes in order to make your weekly BTC buy.

I am not going to answer.. but if you are going to do it automated and you are actually able to customize it (which I have my doubts that the platform that you are using is going to allow that) middle of the night (western time) on a Saturday, or a Monday, or a Wednesday, might be good... (o.k... I just answered, even though I said that I wasn't going to do it) try one.. then .. review it after a few months.. and then try a new one.. maybe you will see one that I am not seeing.. I don't have too much of a clue because it is likely NOT going to make too much of a difference beyond mere luck if there might be some kind of a pattern.. but I know that if you set it up with some exchange that does not allow you to customize it specifically then they are going to batch all of the DCAs for that day or week, and then you are likely getting fucked by the way that they do it and the fact that there might be some folks who actually know when the batched BTC DCA orders are going to be processed.

[d_eddie]

Thanks for elaborating, JJG!

You're right that the automated purchases are just a fallback if/when I can't/forget to/can't be bothered to do it manually. Which I am used to doing anyway. It's just to make sure some kind of DCA goes on even if I am not tending to it.

I think I can set up the exact hour. I'm going to check.

[ChartBuddy]

Explanation
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[JayJuanGee]

Any OG who are like @philipma1957 are incredibly advanced for boomers.
Apart from a few boomers posting here...only 4-6% of people after 64-65 are into bitcoin (I read it somewhere-no source).
I am fine with his diworsification, albeit, disagree that litecoin tech is superior in any sense. Litecoin is a derivative, a copycat..silver to gold, so to speak.

Changing the whole 401K into bitcoin would have been incredible if done 10-11 years ago. I converted only 10% or so of my fiat resources into btc a while back.
Would it been better if I allocated 30-50%..sure it would be, but as Michael Saylor said: "I could have bought bitcoin at $100 when I [MS] first noticed it, but I bought it at $10000, when I needed it". Everyone pretty much buys it when they "need" it, either physically or intellectually.

I also understand the @JJG point about buying (or not buying i-bonds). There were other, much simpler ways to get interest last year, like money market funds, which are liquid, while i-bonds are not.

I think @philipma1957 is diversified (from what I gathered). Yes, maybe buying i-bonds when btc was at the lows of around $16K was ill-advised, but everyone only know it by now, not back then. Besides, Phil is doing the "work" for many of us (including myself) who is not currently mining, but verbalize about bitcoin.

@philipma1957-what is the Th value/power of your mine, if calculated back to just yourself?

 Enough of JJG saying I sold at 16 k
 I sold at 23.6 k in Aug
 I set up a DCA in Nov thanks to JJG!
 I set up ladder buys in Late Oct

My ladder buys of BTC kicked in last Nov
So I did buy
 BTC at

 *20.8 k on Nov 4
 19.7 k on Nov 8
 18.3 k on Nov 8
 18.1 k on Nov 8
 17.8 K on Nov 9
 17.2 k on Nov 9
 16.9 k on Nov 9
 16.1 k on Nov 9
 15.9 k on Nov 9
 15.7 k on Nov 9. this was the best price I got.
*16.7 k on Nov 11
* 16.6 k on Nov 18
 15.9 k on Nov 21 this was a bigger piece
* 16.5 k on Nov 25
 16.6 k on Nov 27
* 17.0 k on Dec 2
* 17.2k on Dec 9
   17.0k on Dec 12 this was a bigger piece
 *16.9k on dec 16
  16.8k on Dec 17 this was a bigger piece
  16.7k on Dec 17 this was a bigger piece
  16.8k on Dec 17 this was a bigger piece
  16.8k on Dec 17 this was even bigger piece
  16.4k on Dec 19 this was a bigger piece
*16.9k on Dec 23
*16.6k on Dec 30

My sales stopped on Aug 17 last year  price was 23.6k
and a sale in June for 21.7 k
plus seven sales in May at 31k to 38k

those  BTC sales allowed for the purchases in Nov and Dec.

As for value of the mine. It is setup and runs at a profit
zero debt on it.

JJG simply does not speak that accurately as to what my BTC sales and buys were for last year.  Especially the sales.

The lowest sale I did was for 21.7k price point

I am not going to go back and check your posts.. so I hardly give too many shits.. but thanks for providing some details.. that may or may not end up supporting my suspicion that you sold more than you were able to buy back..and I had not even been claiming to know exactly, even though I suspected that you were not able to buy all of it back.. but surely I don't have any concrete information beyond suspicion, and not that anyone is going to reveal those kinds of details.. .. and expecting others to be able to achieve selling below the 200 week moving average and being able to buy back what they sold is risky (gambling) at best..

And, just to get some matters straight, I was merely saying that you had sold in the $20k range or below $20k and that you largely refused to buy back because you were waiting for lower prices (yeah I knew that you were doing DCAs all along).... (and you are embellishing for sure when you are suggesting that I had ever asserted that you sold BTC in the $16k price arena.. even though surely I accused you of both pumping IBonds and refusing to buy BTC in that price range.. which surely must be the case, because I accused you of doing that while you were doing it and while BTC prices were in that $16k price arena) because you were both hot and bothered to use funds to buy IBonds and you were bragging about your sales in the $20k territory and your recommendations that IBonds were the best thing since sliced bread.  I don't claim to know your specifics or even to believe that they are that relevant in terms of what you did versus the better of practices overall, including that newbies should have been buying BTC during that time rather than IBonds, and if you had not noticed, the 200-week moving average was approaching $22k in May 2022, and it was passing through $24k (in the UPward bound direction) for most of November/December 2022 & January 2023, even though the BTC price spent a lot of time below the 200-week moving average for nearly 8 months between June 2022 and February 2023.

 What's the point of content nobody can read? (I mean aside from humour, right JJG?)

¡¡¡¡¡¡¡Korectamundo!!!!!!!!

There are some zingers that some of us might throw into a quasi-serious post merely for the potential humor that perhaps no one gets beyond the poster of such contents.

[psycodad]

Crypto Market News:

Having been born out of a market recession back in 2009, the Bitcoin market has always had correlation with the stock market in the past decade. Basically, the Bitcoin market is in a bull session when the S&P 500 is under a bearish outlook and vice versa. As a result, popular cryptocurrency analyst Jason Pizzino expects Bitcoin to experience significant difficulty rallying beyond $31k and the S&P 500 continues to enjoy a bullish outlook.

From a technical standpoint, the analyst argued that Bitcoin is about a year away from revisiting its ATH of around $69k. Meanwhile, Pizzino argued that the Bitcoin market will continue to consolidate below $50k. However, the analyst noted that the Bitcoin market has little chance of falling back below $20k fueled by increased demand from both retail and institutional investors.

Bitcoin Market Outlook
The Bitcoin market has faced a short-term resistance level of around $31k following an increased bullish outlook from the altcoin industry in the recent past, fueled by the SEC vs Ripple case. Unless the Bitcoin bulls take over from current levels, experts believe the asset is headed to the support level of around $28k. Notably, Bitcoin dominance had dropped below 50 percent on Wednesday despite the top coin steadily holding above $30k in the past 24 hours.

Because the source is missing and I have some qualified doubts you are the author of said piece I have taken the freedom to report your plagiarism:

https://bitcointalk.org/index.php?topic=1926895.msg62596409#msg62596409

[d_eddie]

-looks like copypaste-

Because the source is missing and I have some qualified doubts you are the author of said piece I have taken the freedom to report your plagiarism:

https://bitcointalk.org/index.php?topic=1926895.msg62596409#msg62596409

Not sure, but I've just grown my ignore list a little bit, thanks to you and @nutildah.

[eXPHorizon]

So Elon Tell me exacly what influenced you to change the logo to X 😆☺️

[ChartBuddy]

Explanation
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[Who is John Galt?]

https://twitter.com/WatcherGuru/status/1682365232516153354


Wen US?

Have you carefully studied what is the state exchange in Indonesia? This is a ban on any other exchanges in the country, participation in trading only with the permission of the authorities, as well as full KYC for all traders. Of course, this is better than the complete ban that was recently introduced in Kuwait, but, in my opinion, it is strange to ask when the authorities in the United States will behave similarly. I hope never. Bitcoin should be free, and the restrictions on its circulation are disgusting.

[Gachapin]

It seems a little strange to me that Bitcoin is slowly falling in price while the traditional markets are rallying so hard. Making things a little stranger, prominent investors have been selling off shares of Coinbase leading me to wonder if perhaps they know something that we don’t. Perhaps they’ve already been given a heads up about widespread ETF rejections?

... or the gox coins distribution

[ChartBuddy]

Explanation
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[HI-TEC99]

The Worldcoin project is now live.


https://twitter.com/worldcoin/status/1683372181428793344?t=_ErBci1M_7lc-Dc8RUFd6Q&s=19

[Bananington]

So Elon Tell me exacly what influenced you to change the logo to X 😆☺️

It is called rebranding and Elon musk is trying to rebrand twitter to see if it will increase it's value.

Now that there is a strong competition with Mark's Thread, it is important to rebrand to stay in business.

I am not sure Elon expected things to be going this way when he wanted to buy twitter.

[ChartBuddy]

Explanation
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