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

[d_eddie]

It's finite upside vs infinite downside, and he knows.

Like Nassim Taleb (and any proper thinking mathematician), I would think the downside is limited (Bitcoin can't become less than $0) and the upside is unlimited (or: potentially much higher than the downside). The perfect example of an asymmetric bet that Taleb has written extensively about.

Yes, yes. I meant downside/upside for someone shorting bitcoin.

Buffet, wrong since 2014: https://www.forbes.com/sites/kashmirhill/2014/03/26/warren-buffett-says-bitcoin-is-a-mirage-why-marc-andreessen-thinks-hes-wrong/#2c391e827f3c

Andreessen did help a little. Thanks, Wekkel! :-)

[1715570373]

1715570373

[1715570373]

1715570373

[bitserve]

Meanwhile, the swings continue. They seem narrower. Nearly 14.5k right now (gdax).
Bob, do you have that country song ready yet? Festival planning is in Phase 2.

Chatted with my partner this morning. Lowering my exit targets.  Don't want to say any more than that for fear of jinxing things. I still don't feel the time is right yet, but "very soon".

He brought up the same point as IcyGreen - "Didn't you say you were going to dump $1M @ $10k USD/BTC ?"

I am filled with shame for allowing my greed to get the better of me. It's... emasculating... being scolded by a power-bottom, damnit.

Either way, will still end up HODLing a very respectable sum of BTC when all is said-and-done.

The same "attitude" that made you hodl up to $10000+ is the one that made harder for you to sell at any "non-optimal" price.  If you were not like that you would have cashed up way way more earlier. Your greed got the best out of you to get up to here... in fact, we are considerably higher than those $10k! So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.

[Gab0]

Buffet, wrong since 2014: https://www.forbes.com/sites/kashmirhill/2014/03/26/warren-buffett-says-bitcoin-is-a-mirage-why-marc-andreessen-thinks-hes-wrong/#2c391e827f3c

Thanks for that article.

Andreessen is clear about what gives the value to bitcoin:

"So then, the intrinsic value of a BTC is emergent from the functional value of the ledger as a way to exchange value (or, more accurately, emergent from the collective forecast of the future volume and velocity of value that will pass through the ledger). "

[Toxic2040]

So congrats, and just fucking cash out a little more so you can keep riding this wave without remorses with the rest of your (huge) stash.

Ok. Extracted just north of $1M @ $14,500 USD/BTC.

Once the wire hits my account, I'll load up for round 2.

[JayJuanGee]

I'm looking at this one. The first diagonal line on top.

How does that even make sense??... WTF?? How big of a joker are you? You seem to have lost a lot of coins.

I did TODL to HODL!!!

I did TODL YOUDL to HODL your NUDL   - Oh yeah, Tera doesn't have a noodle to hodl...    but still... should hodl something including little friends, aka bitcoins.

[JayJuanGee]

...I think that if your goal was to make an interim cashing out of BTC around the value of 60 BTC at $17k, then you could have started cashing out in 10BTC increments and met the same result with an incrementalism something like this:  1)10 BTC at $14,500, 10 BTC at $15,500, 10 BTC at $16,500, 10 BTC at $17,500, 10 BTC at $18,500, and 10 BTC at $19,500...

Hindsight is a real bitch, huh ?  

EDIT: Seeing BTC sink below $14k breaks my heart. I'm HODLing, and mentally preparing myself to work another quarter, aiming to exit the workforce in mid-late Q2. At least taking a wait-and-see approach and see how the market is like end of March. I waited too long and got greedy. Now I'm all despondent and stuff. Sheeit.

I am not talking about hindsight.  I am talking about now sight.

I am NOT  proposing a personalized system that employs chunkle-ism, but instead one that employs incrementalism from the here and now.

[JayJuanGee]

btc price 10 Jan 17 $883
today $14120  I can live with that

I only look at the yearly chart too.

Yep, it really depends on how much you initially invested into it. I may not get superrich with it, but it´s a blast. Even if it goes down by half, or so.
People forget the timeline here. My bank would have given me one or two percent for my money, per fcking year !
No risk, no fun.

You enter the category of "superrich" at 30 million USD. I suspect a lot of the old bitcoiners in this thread are getting fairly close soon.

You could be correct for once, fatty patty.

However, there could be a bit of a definitional argument here too regarding exactly where the threshold for "super" rich is.

Even with a $10 million value in stash, you have the ability to pretty much count on about a $30k per month passive income - which surely seems decently in the super rich category because $30k per month would be coming from passive income.  That seems pretty decent to me, so if we  3x that, then we have nearly $100k per month passive income, which surely is better, but I am not sure if such levels of passivity is necessary to be considered "super" rich?

But I do see the argument, too, that even though $10million is very comfortably in the rich category, it does not quite get to the "super" rich arena.

Maybe in the end, I am coming around to agreeing with you, fatty patty?

[HairyMaclairy]

Well done Bob.  Good bit of work that. 

[Rosewater Foundation]

Well done Bob.  Good bit of work that. 

Gay cowboy finally pulls trigger. It's harder than it seems.

[lightfoot]

And now we go to 30k. Thanks cowboy!

[Syke]

Gay cowboy finally pulls trigger. It's harder than it seems.

I feel like there's a joke in there somewhere...

[txtravwill]

So do we expect any action on/around Jan 26th when the first January futures contracts expire?  Opinion?

[FractalUniverse]

So do we expect any action on/around Jan 26th when the first January futures contracts expire?  Opinion?

I expect more action after finex and other big exchanges' registrations open again

[Rosewater Foundation]

chunkle-ism

Gay cowboy finally pulls trigger. It's harder than it seems.

I feel like there's a joke in there somewhere...

Goonies never say die.

[vit05]

  My only doubt about the income Bitcoin run to ATH is that if the total market cap will hit 1 trillion before or after Bitcoin hit 500 billion. This will tell a lot about the future of alts and if they can survive in the long term.

[TERA2]

Wow moar lines.

[El duderino_]

Breaking 24777$ prediction game      FINAL LIST       

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK 
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie 
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56

UPDATE     AND GOOD LUCK

[Deeyoh]

Think you just need a few more lines. It's not quite a complete spiderweb yet.

[lhvleao]

Breaking 24777$ prediction game      FINAL LIST        

27/12/2017 bikerleszno
29/12/2018 cAPSLOCK  
30/12/2017 digithusiast
31/12/2017 Raja_MBZ
01/01/2018 elg
02/01/2018 wachtwoord
03/01/2018 JimboToronto
04/01/2018 d_eddie  
05/01/2018 BTCMILLIONAIRE
06/01/2018 HanvanBitcoin
07/01/2018 ghandi
08/01/2018 savetherainforrest
09/01/2018 explorer
10/01/2018 bicoinpsycho
11/01/2018 Bitcoinaire
12/01/2018 speedwheel
13/01/2018 undeadbitcoiner
14/01/2018 northypole
15/01/2018 ivomm
16/01/2018 maca068
17/01/2018 bitcoinvest
18/01/2018 last of the v8s
19/01/2018 mfort312
20/01/2018 1982dre
21/01/2018 flamast2
22/01/2018 RealMachasm
23/01/2018 willope
24/01/2018 kartala
25/01/2018 orpington
26/01/2018 rolling
27/01/2018 LFC_bitcoin
28/01/2018 jojo69
29/01/2018 CristiTCM
30/01/2018 rayX12
31/01/2018 realsteelboy
01/02/2018 twocorn
02/02/2018 mancroofer
03/02/2018 True Myth
04/02/2018 poolminor
05/02/2018 itod
06/02/2018 scheptan
07/02/2018 vapourminer
08/02/2018 alexeft
09/02/2018 siera
10/02/2018 AlcoHoDL
11/02/2018 Dunkelheit667
12/02/2018 yonton
13/02/2018 Wekkel
14/02/2018 Thekool1s
15/02/2018 starmman
16/02/2018 Globb0
17/02/2018 leveldkrypto
18/02/2018 olesh
19/02/2018 BitCoinBurger
20/02/2018 Paashaas
21/02/2018 flynn
22/02/2018 icygreen
23/02/2018 erisdiscordia
24/02/2018 phil_s
25/02/2018 sirazimuth
26/02/2018 Arriemoller
27/02/2018 yonton
28/02/2018 Muttley
01/03/2018 bones261
02/03/2018 heater
03/03/2018 soullyG
04/03/2018 InvoKing
05/03/2018 Notme
06/03/2018 sa_94
07/03/2018 NUFCrichard
08/03/2018 Imbatman
09/03/2018 Roombot
10/03/2018 STT
11/03/2018 badream
13/03/2018 erre
14/03/2018 julian071
15/03/2018 podyx
17/03/2018 fragout
18/03/2018 fabiorem
21/03/2018 dakustaking76
23/03/2018 nikauforest
31/03/2018 vroom
01/04/2018 somac.
02/04/2018 kurious
04/04/2018 fluidjax
05/04/2018 bitcoinbunny
08/04/2018 tyler1890
10/04/2018 ludwigvon
11/04/2018 hairymaclairy
16/04/2018 practicaldreamer
18/04/2018 free-bit.co.in
27/04/2018 drbrockoin
01/05/2018 sprinkles
02/06/2018 oblox
07/07/2018 IntroVert
03/08/2018 toxic2040
28/08/2018 bitserve
15/10/2018 Yefi
05/11/2018 mikenz
31/12/2018 melman2002
01/01/2019 Spaceman_Spiff_Original
12/02/2019 FractalUniverse
21/04/2019 gentlemand
20/02/2020 romneymoney
18/12/2021 luckygenough56
NEVER        lhvleao

UPDATE     AND GOOD LUCK

[afbitcoins]

UBTC - https://www.ub.com/ - -God mode has stolen all the coins-

This made me chuckle.

Please tell me I'm wrong, or it doesn't matter, or whatever. Explain me why I'm wrong or it doesn't matter, or whatever it is.

Thank you.

Who gives a shit? He openly admits he understands nothing about it. Same goes for most of these talking heads. They could well turn out to be right anyway or pathetically wrong. If you're sensible you extract a certain amount at a certain price anyway and the rest is all fun.

I think the old codger lost his edge. Missed crypto, doesn't understand it. Feels a bit butt hurt.