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

[rjclarke2000]

^^ Please don't do that in here.

removed

I was just about to send over 50btc. Oh well.

[1713999912]

1713999912

[1713999912]

1713999912

[Ludwig Von]

How to get a living?
Share your BTC address

Humm, I think I see a gigantic business opportunity in tattoos for a certain occupation... . 

[Torque]

How to get a living?
Share your BTC address

Humm, I think I see a gigantic business opportunity in tattoos for a certain occupation... .  

You're about 4 years late with that thought, it's already been done. I won't link it, just google image search "girl bitcoin tattoo" and you'll see the image. Although most believe it's photoshopped.

Anyhoo, looks like more sideways -ish action for now. Probably nothing to see for another 9 days. The whole crypto market seems to take a simultaneous dump every 9-10 days since the first started, so...

[Ludwig Von]

How to get a living?
Share your BTC address

Humm, I think I see a gigantic business opportunity in tattoos for a certain occupation... .  

You're about 4 years late with that thought, it's already been done. I won't link it, just google image search "girl bitcoin tattoo" and you'll see the image. Although most believe it's photoshopped.

I am definitely late on this one, indeed. And that for someone who is known for always being  far ahead... . In my own domain only for sure... .  


And that sideway thing, looking at it for a few weeks now, I would call it "Drunkways" it goes up, down but as it continues it 's more and more down.

[JayJuanGee]

Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.

                                                                                                                                     

Bro, I'll heartedly advice you not to play in such a volatile market as crypto is. Unless you're a full skilled trader from stock markets. BTC is king and will win the final battle against fiat. Soon things will be like that:

                                                                                                                                                                                                                                                   
You are completely right, I'm definitely not a skilled trader yet, just been lurking for some time

I am just playing with around 2k, and I only buy in trends + when I see clear candle patterns and with the info from this website and telegram. So most of the time I only make "safe" (I know it is almost never safe") trades. But then I discovered leverage trades, made some good money, adrenaline was pumping, got overconfident (also the drinks did not help) went long just as it was turning (Still have no idea where my logic went).

I am aspiring to become a full skilled stock trader, BTC just happened to come on my path and with little money you could still easily make a couple of 100 bucks. Also the idea of using it as long term savings account looked great since in Holland I get less then 1% growth in a year... Also since the laws for bitcoins are still in a grey area you can do a lot of fun things with it (currently writing a coin buying and investing website with ideal support for a select amount of people). The API's in general are funt to work with as a programmer so it gives me some incentive to work.

As soon as I get that website up and running and have some more funds I'll start opening up a proper broker account and reading into where to start there... This is getting a bit off topic but any suggestions on where I can start even with a low amount off funds. Probably best not to post it here.

TLDR;
Lost all my earnings and a chunk of my 2k due too leverage and intoxicated, slowly getting it back. Also do want to get into  normal

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

Sounds like a clever plan. But i just buy and sell. And have 1 (1.03) Bitcoin more today, compaired to yesterday. Does that suffice ?
Let me brag a bit, my life is otherwise pretty boring . . .

Nope, it does not suffice if you happen to randomly buy and sell and you don't know what the fuck you are doing - even if you happen to be UP some certain quantity (that you claim to be 1.03BTC) in one day.. So fucking what?  You are not describing any kind of strategy besides possibly that you threw a dart at a board and you happen to hit 3x.. blah blah blah.

[deepcolderwallet]

Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.

                                                                                                                                     

Bro, I'll heartedly advice you not to play in such a volatile market as crypto is. Unless you're a full skilled trader from stock markets. BTC is king and will win the final battle against fiat. Soon things will be like that:

                                                                                                                                                                                                                                                   
You are completely right, I'm definitely not a skilled trader yet, just been lurking for some time

I am just playing with around 2k, and I only buy in trends + when I see clear candle patterns and with the info from this website and telegram. So most of the time I only make "safe" (I know it is almost never safe") trades. But then I discovered leverage trades, made some good money, adrenaline was pumping, got overconfident (also the drinks did not help) went long just as it was turning (Still have no idea where my logic went).

I am aspiring to become a full skilled stock trader, BTC just happened to come on my path and with little money you could still easily make a couple of 100 bucks. Also the idea of using it as long term savings account looked great since in Holland I get less then 1% growth in a year... Also since the laws for bitcoins are still in a grey area you can do a lot of fun things with it (currently writing a coin buying and investing website with ideal support for a select amount of people). The API's in general are funt to work with as a programmer so it gives me some incentive to work.

As soon as I get that website up and running and have some more funds I'll start opening up a proper broker account and reading into where to start there... This is getting a bit off topic but any suggestions on where I can start even with a low amount off funds. Probably best not to post it here.

TLDR;
Lost all my earnings and a chunk of my 2k due too leverage and intoxicated, slowly getting it back. Also do want to get into  normal

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

[Ludwig Von]

Since this is the speculation thread, do you guys think we will get to 2600 again before august? Lost and made some money, still need a bit more to break even again.

                                                                                                                                     

Bro, I'll heartedly advice you not to play in such a volatile market as crypto is. Unless you're a full skilled trader from stock markets. BTC is king and will win the final battle against fiat. Soon things will be like that:

                                                                                                                                                                                                                                                   
You are completely right, I'm definitely not a skilled trader yet, just been lurking for some time

I am just playing with around 2k, and I only buy in trends + when I see clear candle patterns and with the info from this website and telegram. So most of the time I only make "safe" (I know it is almost never safe") trades. But then I discovered leverage trades, made some good money, adrenaline was pumping, got overconfident (also the drinks did not help) went long just as it was turning (Still have no idea where my logic went).

I am aspiring to become a full skilled stock trader, BTC just happened to come on my path and with little money you could still easily make a couple of 100 bucks. Also the idea of using it as long term savings account looked great since in Holland I get less then 1% growth in a year... Also since the laws for bitcoins are still in a grey area you can do a lot of fun things with it (currently writing a coin buying and investing website with ideal support for a select amount of people). The API's in general are funt to work with as a programmer so it gives me some incentive to work.

As soon as I get that website up and running and have some more funds I'll start opening up a proper broker account and reading into where to start there... This is getting a bit off topic but any suggestions on where I can start even with a low amount off funds. Probably best not to post it here.

TLDR;
Lost all my earnings and a chunk of my 2k due too leverage and intoxicated, slowly getting it back. Also do want to get into  normal

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... . 

[deepcolderwallet]

How to get a living?
Share your BTC address

Humm, I think I see a gigantic business opportunity in tattoos for a certain occupation... .  

You're about 4 years late with that thought, it's already been done. I won't link it, just google image search "girl bitcoin tattoo" and you'll see the image. Although most believe it's photoshopped.

Anyhoo, looks like more sideways -ish action for now. Probably nothing to see for another 9 days. The whole crypto market seems to take a simultaneous dump every 9-10 days since the first started, so...

https://bitcointalk.org/index.php?topic=790532

[JayJuanGee]

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  

The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.

[pfrtlpfmpf]

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  

The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.

But sometimes they do happen, am i right, or am i right ?

[JayJuanGee]

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  

The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.

But sometimes they do happen, am i right, or am i right ?

Have you heard of the Martingale betting system? 

Yes, it can work for quite a long time, but the odds are against you in the long run.

Yes, you can employ gambling techniques and you can have a good time with those techniques - but when you come here and you are bragging that you made some money, you come off as a corporate banking shill or a troll because you are engaged in the promotion of irresponsible behavior....

Sure, on a personal level there are guys that like gambling and like to take bets on games of luck.

I am not talking about employing systems of luck and bet taking, but attempting a strategy that is more likely to pay off as long as 1) in the long run the asset goes up in value and 2) you employ a form of incrementalism in your buying and selling (rather than making big bets).

There can be different variations on how much you play with.. Currently, with bitcoin, I am selling approximately 1% of my BTC holdings for every 10% BTC prices go up, and then I strategically attempt to buy back in similar amounts - of course, if BTC prices do not return back down, then I just have that money that I cashed out, and I can remove it from my investment and spend it, or I can just save it in order to strategically reinvest when prices drop substantially - which seems to happen periodically.

[deepcolderwallet]

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  

The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.

But sometimes they do happen, am i right, or am i right ?

Actually Ecuador (the country) is sited so high in the Andes that even being under the Equatorial line it is likely to have snowfalls any time of the year.

[Wekkel]

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please 

[JayJuanGee]

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  

The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.

But sometimes they do happen, am i right, or am i right ?

Actually Ecuador (the country) is sited so high in the Andes that even being under the Equatorial line it is likely to have snowfalls any time of the year.

Well, fuck me, then.     Are Andes in Ecuador considered tropical snowfalls? which would lead to tropical snowballs?

[JayJuanGee]

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please 

Looks like Meuh768797 is rubbing off on folks, no?  (I threw in two more 7s for goodluck)

[pfrtlpfmpf]

better to buy as the price goes down and sell as the price goes up, but don't buy or sell too much in order that you do not run out of either bitcoins (on the way up) or fiat (on the way down).

So in that regard, if you only have bitcoins because you used all your fiat to buy at a price that is higher than the current price, then you just have to wait it out for however much time it takes to return to you purchase price level, even if it takes a year or two.  

In the meantime, if BTC prices continue to go down, which surely is possible, just continue to buy $10 per week (or whatever reasonable amount is in your budget), and sooner or later, you continue to bring down your average cost per BTC and you will be back in the the game and be able to sell some of your bitcoins either below $2600 or above $2600 (but as long as you are selling as the price goes up and buying as the price goes down, you should be good), and whenever BTC returns to that $2600 level (whether this week or a few years from now), you will be fully back... and hopefully learned some lessons along the way...hahahahaha  

^ This!

Lol, yeah also my tactics. But I am running into a strategic flaw now : not enough fiat to keep buying the dips... .  

The highest possible level of our current correction from $2980 down to $2130 - is less than 30%...

However, if you have been in the game for 6 months, then you have had a run up from $890 to $2980.

Of course, if you just got in, then you may have had some troubles accumulating in the sub$1k price arena.

I attempt to carefully monitor my fiat levels - and I understand what you mean to be running out of fiat, yet I think that we still should be prepared for less likely scenarios - and even returning to sub $1k prices is not out of the realm of possibilities.  I will admit that I will likely start to have to scramble a bit at $1500 and surely the level of scrambling would be higher if we go sub $1k.

By no means am I a bear, and I have been accumulating more and more bitcoin in preparation for up - but I still think that it remains prudent to accumulate enough fiat (and maintain enough fiat) for a certain level of outrageous and irrational down.

Surely, a lot of us might be mentally kicking ourselves if prices were to go down to sub $1k - yet even though I feel some of that kind of remorse, I still stick to my practice of largely buying on the way down and selling on the way up.. and the only times I make an exception to that practice is when I have a real high level of certainty (like 80% or 90%) of price direction of at least a 10% change.. which certainty seems to be as rare for me as naturally occurring snowballs in the tropics.

But sometimes they do happen, am i right, or am i right ?

Actually Ecuador (the country) is sited so high in the Andes that even being under the Equatorial line it is likely to have snowfalls any time of the year.

Didn´t know that. Thank you.

[nanobtc]

Guys, no need to quote meters of text from the previous posts if replying with one sentence. Keep the thread lean and mean please  

Agreed. dozens of lines of quotes for a few words of reply? Life is too short. Edit your stuff.

[r0ach]

[Elwar]

Some people think that this thread is called "Wall Observer" because we watch walls on the charts.

The reality is that we watch walls of text.

[FractalUniverse]

you watch what you post shit in - shit out

BTC is starting to look heavy on daily chart, it doesn't look too well for bulls.
In forex I would switch to 'sell rallies mode' ; but this is different beast than fiat forex.