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

[El duderino_]

lol

any BTC lines to put with this photo?

[1714115113]

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[1714115113]

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[1714115113]

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[1714115113]

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[VB1001]

World  7.7 Billion People
Supply Bitcoin 21,000,000.
There is not enough Bitcoin for everyone

The red line is very similar BTC?

[criptix]

tbh looks more like my scro...
wait perhaps tmi

[Last of the V8s]

omfg what have we become?

[JayJuanGee]

Thats what I would wish and need... so no, don't think it will happen. Anyway, I will hodl and wish I am wrong.

In fact I have realised that I need to accumulate more Bitcoins to reach my target without that much wishful thinking about delusional moon prices (ie: $160.000)

I understand that I am repeating myself (probably bears repeating, until I am blue in the face... hahahahahahaha)   , but I don't really understand how any person who is continuously investing in BTC and attempting to accumulate by dollar cost averaging and buying on dips would need to have $10k, $20k, $50k or $160k in order to really feel good about investing into BTC.  We are at $3,400-ish BTC prices, as I type, so if you are buying now, then getting to $7k is a doubling of value for whatever you buy now.

I do understand that if people either bought a lot of coins above $10k or they have screwed up in various ways that causes their investment to have averages of quite above $10k with a decent amount of BTC to make such calculations, then it is going to take quite a bit longer (and a need for higher prices) to get those folks into the green rather than red.

I also understand another feeling of a need to generate enough passive income in order to be able to rely on such passive income in order to not have to work again, ever (except voluntarily) - often referred to as "fuck you money," and of course that can be a decent goal for anyone, whether a 14 year old snot nose that does not really deserve it, or someone who is older and would like to get out to the rat race, and there are a lot of variants of such people - even though I would expect that some of us might have gotten spoiled from BTC's past performance and even the past performance of other cryptos, and even though there are decent chances that BTC is going to have great performances, again in the future, we cannot count on such, either psychologically or financially.

So sometimes, the case might be overstated about what is "needed" because it is not too likely that wealth can be built in a quick time, even if there are decent strategies that might provide opportunities for such luck.

[xhomerx10]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

[El duderino_]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

Thats new.... i’m in bed SICK pfffff and watching hotel transylvania 3 with Some thee+honey
Belgium is getting cold
Good to hodl but not for much more

[JayJuanGee]

https://i.imgur.com/AGU4P2T.png

https://i.imgur.com/b7P5nxU.png

who thinks this way?

Would be nice if you (and other posters) would get into a courtesy habit of putting the sources (links) for information that is fairly obviously coming from somewhere(one) else.

https://twitter.com/JimAllmendinger/status/1072209636667715584

wans't about where it comes from, was just about the chart idea....

Of course, when you put some substantive ideas, you are trying to get responses about the ideas that are contained therein, but shouldn't active WO participants be able to easily check who said it or where it is coming from? ----- of course, if they are your ideas, then that could be helpful to know, too....

I would think that providing links/credits would put WO participants in a better position to informatively respond to the idea (which you suggest is your goal) and to even have better conversations about the idea instead of superficial responses?   

In the end, you can do whatever you like,  I am just saying what I say.. because there can be quite a bit of contextualized posts coming from a variety of folks (not just you, and surely sometimes you do provide the source(s) too).

[jojo69]

omfg what have we become?

[xhomerx10]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

Thats new.... i’m in bed SICK pfffff and watching hotel transylvania 3 with Some thee+honey
Belgium is getting cold
Good to hodl but not for much more

 Wow! It's like a role reversal.  I better take my girlfriend out for dinner tonight
Wait.... I'm married.

[bitserve]

Thats what I would wish and need... so no, don't think it will happen. Anyway, I will hodl and wish I am wrong.

In fact I have realised that I need to accumulate more Bitcoins to reach my target without that much wishful thinking about delusional moon prices (ie: $160.000)

I understand that I am repeating myself (probably bears repeating, until I am blue in the face... hahahahahahaha)   , but I don't really understand how any person who is continuously investing in BTC and attempting to accumulate by dollar cost averaging and buying on dips would need to have $10k, $20k, $50k or $160k in order to really feel good about investing into BTC.  We are at $3,400-ish BTC prices, as I type, so if you are buying now, then getting to $7k is a doubling of value for whatever you buy now.

I do understand that if people either bought a lot of coins above $10k or they have screwed up in various ways that causes their investment to have averages of quite above $10k with a decent amount of BTC to make such calculations, then it is going to take quite a bit longer (and a need for higher prices) to get those folks into the green rather than red.

I also understand another feeling of a need to generate enough passive income in order to be able to rely on such passive income in order to not have to work again, ever (except voluntarily) - often referred to as "fuck you money," and of course that can be a decent goal for anyone, whether a 14 year old snot nose that does not really deserve it, or someone who is older and would like to get out to the rat race, and there are a lot of variants of such people - even though I would expect that some of us might have gotten spoiled from BTC's past performance and even the past performance of other cryptos, and even though there are decent chances that BTC is going to have great performances, again in the future, we cannot count on such, either psychologically or financially.

So sometimes, the case might be overstated about what is "needed" because it is not too likely that wealth can be built in a quick time, even if there are decent strategies that might provide opportunities for such luck.

Yes, my target is (a modest) "fuck you" money, what else?

I am not "continually" buying. Ie: My last fiat deposit was around July/August 2017. The little increase in btc count since then has been exclusively by trading. Also, while I did start buying in 2013 (and never sold any... except for trading) the amounts I used then were not that much significant. Play money in all senses.

During the bear market I hodled it all but not bought more (except for a single purchase around may 2014 when I though the trend was going to reverse). I only resumed buying again at the last months of 2015 (when I was completely sure the trend was reversing) until july/august 2017.

We are now near the price of my last deposit, so it makes sense I continue with my accumulation using new fiat inputs but, of course, I try to maximise my probabilities of buying at the best price as much as I can.

I have always been extremely conservative in my investments and I can't change that.

I am obviously happy with my Bitcoin investment.

All of the above doesn't change my point that any plan which requires some ridiculously high price to work out has an extremely high probability of failure. Ie: if someone thinks that Bitcoin is someday gonna cost $1 million and then he only needs a couple Bitcoins is probably going to end very frustrated. Similarly with $160000, $100000 or maybe even $50000.

So my conclusion is... yes, Bitcoin is probably going to be worth much more than now in the future but, instead of thinking the price rise alone will get you to moon, it is easier to try increment your stash up to the point you only need a "reasonable" price increase to reach your "moon".

[El duderino_]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

Thats new.... i’m in bed SICK pfffff and watching hotel transylvania 3 with Some thee+honey
Belgium is getting cold
Good to hodl but not for much more

 Wow! It's like a role reversal.  I better take my girlfriend out for dinner tonight
Wait.... I'm married.

Haha i think your a lucky man .....
but indeed take the wife out for dinner one of the days weeks ... celebrate the BULLrun when its there

[criptix]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

Thats new.... i’m in bed SICK pfffff and watching hotel transylvania 3 with Some thee+honey
Belgium is getting cold
Good to hodl but not for much more

 Wow! It's like a role reversal.  I better take my girlfriend out for dinner tonight
Wait.... I'm married.

Haha i think your a lucky man .....
but indeed take the wife out for dinner one of the days weeks ... celebrate the BULLrun when its there

Just make sure to have enough money of at least 1 more year of bear lul

[xhomerx10]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

Thats new.... i’m in bed SICK pfffff and watching hotel transylvania 3 with Some thee+honey
Belgium is getting cold
Good to hodl but not for much more

 Wow! It's like a role reversal.  I better take my girlfriend out for dinner tonight
Wait.... I'm married.

Haha i think your a lucky man .....
but indeed take the wife out for dinner one of the days weeks ... celebrate the BULLrun when its there

 Thanks MicG
 I actually took her out for dinner last night but she doesn't want me to post any pictures... and anyway it's never fancy like your meals.  She ordered shrimp fajitas and I ordered chicken fajitas.

[gentlemand]

it is easier to try increment your stash up to the point you only need a "reasonable" price increase to reach your "moon".

Aye. I started warming up mid/late 2013. Had I warmed up six months earlier Calvin Ayre would be farting on my breasts right now. The gains have still been very good. An early 2013er is full no shits given in comparison. Hopefully everyone who hangs in there long enough gets to not give a shit too some day.

Not needing to give a shit has been postponed for myself at least.

[El duderino_]

omfg what have we become?

 I'm becoming drunk.... slowly on light beer

Thats new.... i’m in bed SICK pfffff and watching hotel transylvania 3 with Some thee+honey
Belgium is getting cold
Good to hodl but not for much more

 Wow! It's like a role reversal.  I better take my girlfriend out for dinner tonight
Wait.... I'm married.

Haha i think your a lucky man .....
but indeed take the wife out for dinner one of the days weeks ... celebrate the BULLrun when its there

 Thanks MicG
 I actually took her out for dinner last night but she doesn't want me to post any pictures... and anyway it's never fancy like your meals.  She ordered shrimp fajitas and I ordered chicken fajitas.

Thats just the 1 lucky thing about Belgium.... all normal restaurants are already very high quality and not to expensive like if we go to a mcdonalds or a normal restaurant .... prices doesn’t always be to crazy, you can eat very cheap but the standards in restaurants are just very high quality “one of the lucky things in here “
But man do i love good fajitas as well

If the wive doesn’t want pictures.... gotta respect that
I’m curious when my GF is gonna post something cause she has an account from my first list.... as she took a date there.... honestly she ready my shit sometimes to have a good laugh a guess “english etc
But i’m curious when she’s gonna post something

[d_eddie]

You're jinxing it   

[PoolMinor]

And now for something completely random.


https://youtu.be/ooTORQv0O_Q

[El duderino_]

I dunno about you guys, but I've had just about enough of this capitulation nonsense.

I'm taking off my hat until we're at least back above $5k.

Fuck Jihan Wu, Roger Ver, Craig Wright and Calvin Ayre right in their ear-holes.

Hat off

via Imgflip Meme Generator

[bitserve]

it is easier to try increment your stash up to the point you only need a "reasonable" price increase to reach your "moon".

Aye. I started warming up mid/late 2013. Had I warmed up six months earlier Calvin Ayre would be farting on my breasts right now. The gains have still been very good. An early 2013er is full no shits given in comparison. Hopefully everyone who hangs in there long enough gets to not give a shit too some day.

Not needing to give a shit has been postponed for myself at least.

You probably were used to investing in risky stuff and started with a "good" amount.

I was not. I had the money... but didn't.

Also I think that stupid phrase of "Bitcoin one day will be worth 1 million or nothing at all" made more harm than good.

In fact my first purchase was 2 Bitcoins.... but it was because I couldn't find someone to sell me btc for cash in person and ended up just doing a "test" purchase of 100EUR by paypal (yea, almost 2 fucking BTC for just 100 EUR).

When I remember I was REALLY trying to find someone that would sell me 3000€ (for first purchase) of Bitcoin IN PERSON (which had been around 60BTC at the time) I bang my head on the wall for not trying harder lol

Well, I guess each and everyone here have our personal stories about what could have been and what was in the end.