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

[Wekkel]

For reference purposes, see the link to the BETI indicator thread with the latest update: https://bitcointalk.org/index.php?topic=470453.580;topicseen

[1714948168]

1714948168

[1714948168]

1714948168

[HairyMaclairy]

She won’t even let me go Sea Steading with Roger, Jihan and the Falkvinge guy.

[JayJuanGee]

I've learned nothing.
Good morning America! When moon?

O.k...

Stick to your guns, whatever. 


I am kind of coming to the belief that even if bitcoin were to shoot to $41k or some similar number within six months or less, then I am not even going to feel bad if I were to keep my ratio of bitcoins to fiat at 89%.  I am thinking that I am still going to be rich in fiat, and I don't even have to sell a whole bunch of bitcoin.

Part of the problem remains the prudence of such a matter, because surely if it becomes clear (or inevitable) that we know unambiguously that we are going to have a 25% or more correction, then it seems like a decent plan to sell a bit of BTC and to buy back at the lower price.. so yeah, am I going to "know it when I see it?"  (that is the actual bubble, rather than the propagandized one).  That is perhaps why we just gotta see how this actually plays out rather than trying to be too specific in our plan - and maybe that is why a large part of my plan remains robotic, so I don't really have to think about it too much?  and I can just wax on poetically about a plan that I am not going to change, anyhow?       

[Karartma1]

How am I supposed to work today?
 

[600watt]

Bullish or too bullish aside, the trend upwards has shown increasing acceleration the last years. So a monstrous blow off top would not be extraordinary. The difficulty is in the price range. Looking at historical extremes (like in the BETI indicator thread), the top mania point could be placed (in comparison) at $41k currently.

So no, I wouldn’t get out too soon. Learned that from 2013.

and I will not watch it go down to $2000 (which is the equivalent of the $200 bottom of the last multiyear bear market). learned that from 2013-2015.

on the other hand I believe BETI is a good indicator. and masterluc a good chart wizard.

who knows....

what we do know, though, is, that there is plenty of time. the 2103 run-up to >$1200 imploded in slow motion. there was a bounce to $1000 in january 2014.

I guess I will not do anything and wait for the bounce. must be the mother of all bounces.



 

[600watt]

How am I supposed to work today?
 

keep this in mind and you are good:
https://bitcointalk.org/index.php?topic=178336.msg25293991#msg25293991

 

[JayJuanGee]

Bullish or too bullish aside, the trend upwards has shown increasing acceleration the last years. So a monstrous blow off top would not be extraordinary. The difficulty is in the price range. Looking at historical extremes (like in the BETI indicator thread), the top mania point could be placed (in comparison) at $41k currently.

So no, I wouldn’t get out too soon. Learned that from 2013.

and I will not watch it go down to $2000 (which is the equivalent of the $200 bottom of the last multiyear bear market). learned that from 2013-2015.

on the other hand I believe BETI is a good indicator. and masterluc a good chart wizard.

who knows....

what we do know, though, is, that there is plenty of time. the 2103 run-up to >$1200 imploded in slow motion. there was a bounce to $1000 in january 2014.

I guess I will not do anything and wait for the bounce. must be the mother of all bounces.

How much you going to sell in order to "feel comfortable?"  100% or some more modest proportion?  And what if you get it wrong?

[lightfoot]

How am I supposed to work today?
 

keep this in mind and you are good:
https://bitcointalk.org/index.php?topic=178336.msg25293991#msg25293991

 

I guarantee you, you do not want to take your boss' seat. There was an exceptional Flintstones episode about this with Gazoo and Fred becoming Mr. Slate. Excellent analysis.

But at the same time don't walk, it can be fun to have some pocket change to spend.

[vroom]

How am I supposed to work today?
 

it's hard work to look busy and watch charts

[lightfoot]

Meantime 9600 this morning. Was there a nightmarish crash last night?

[TokensFund.io]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Nope,

None can stop the Rocket !

[bitserve]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Yup. The horror. We thought we were all going to die... but everything is fine now and we are rich again.

P.S.: KRAKEN ATH!

[lightfoot]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Nope,

None can stop the Rocket !

It actually went up quite a bit last night... Today it retracted a little

Oh ok a 100 drop. That must have crushed people's portfolios.

Should I sell $20 worth so it will go over 10k?

[bitserve]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Nope,

None can stop the Rocket !

It actually went up quite a bit last night... Today it retracted a little

Oh ok a 100 drop. That must have crushed people's portfolios.

Should I sell $20 worth so it will go over 10k?

No, it was almost $500 from peak to bottom. But, joking aside, nothing to worry about.

[BitcoinBunny]

[becoin]

Meantime 9600 this morning. Was there a nightmarish crash last night?

Yep, dollar crashed to 9600.

[xhomerx10]

If you're still holding BTG congrats combined value of BTC+BTG is over $10k

 Congratulations to anyone who B_cashed them out as well because the average value of your larger Bitcoin stash is over 10k and as an added bonus, you aren't aiding and abetting the clo^wnecoin decepticons.

[lightfoot]

Ok. Going back to sleep, will go to work in a few hours for lulz.

Wouldn't it be weird to work just to pay the taxes on all your bitcoin profits?

[Karartma1]

How am I supposed to work today?
 

keep this in mind and you are good:
https://bitcointalk.org/index.php?topic=178336.msg25293991#msg25293991

 

I guarantee you, you do not want to take your boss' seat. There was an exceptional Flintstones episode about this with Gazoo and Fred becoming Mr. Slate. Excellent analysis.

But at the same time don't walk, it can be fun to have some pocket change to spend.

I definitely DO NOT want to replace him. I'm fine where I am right now.
I am still below 100BTC so I guess I will sit tight and look around for a while.
If I keep my job I do not have to use my BTC and I can increase my stash.

No much choice until 250K per Bitcoin

[mike4001]

Hmmm

USD 10.000 seems hard to crack ... but this was kind of expected.

Went to 9700 4 times already and bounced back a couple of hundreds.