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

[JayJuanGee]

Ok so Ive been invested in BTC since 2018 with an average cost basis of about 8k per coin. Sadly I dont see how we arent going to have at least one more huge move down well below 3k. I have orders to buy 3 more coins if we hit 2k. I dont want to sell rn but I am considering taking out a short position here. I believe in Bitcoin, but Im tired of so much losing in my first year

Could a few members help me out and post their best argument for why we already saw the bottom, or their best argument of why we are gonna have another big move to new lows.

Thank you in advance.

Stop worrying about shorting the final gasp of the bear market and start thinking about when you are going to long the bottom and how you are going to do it.  Much more profitable.

I have thought about this, thats why I said I have orders to buy 3 more coins at 2k. Thats all I can afford to lose. It will bring my total investment to almost 40k. I will not invest another dollar after that. All ive known investing in Bitcoin is a terrible bear market and its hard not to worry as early adopters dump on my face , but thank you for the advice.

Im interested in hearing other Bitcoiners best argument(s) as to why the bottom is not in yet(i believe it isnt but hope im wrong). If you have one id love to hear it. If not thanks anyway.

Get a fucking grip, Falcon Lover, over your own situation. 

Your continued whining (in a second post), after Hairybeary provided you with a reasonable response, shows that you are participating in this thread to merely spout out nonsense, and based on your assertiveness in this regard, including that you want to put the burden on others here to establish that the "bottom is in", shows that you are not really posting in good faith. 

Get a fucking grip.

[1714001335]

1714001335

[1714001335]

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[1714001335]

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[ðºÞæ]

[Last of the V8s]

.......TheHeron is awol or so it appears.......

Who is "TheHeron?"

TheCactus/rosewater/mayorbitcorn
not least
maybe also all these lambie slayers and falcon lovers etc

[El duderino_]

.......TheHeron is awol or so it appears.......

Who is "TheHeron?"

TheCactus/rosewater/mayorbitcorn
not least
maybe also all these lambie slayers and falcon lovers etc

It hurts my eyes..... both of them

That awefull avatar 🤨

[JayJuanGee]

Electrum  > They have holes every day.



https://twitter.com/ElectrumWallet/status/1083714691552169984

Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

[Last of the V8s]

What's interesting is that the blacklist doesn't apply to the keywords such as "ico", "bitcoin", "eos" etc. We also tried VPNing to multiple different countries and it seems that no ads with "Ethereum" in the search term are showing up anywhere.

aha
ahhaaah
hahahahaha

[VB1001]

Electrum  > They have holes every day.

https://twitter.com/ElectrumWallet/status/1083714691552169984

Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

Yes.

The best thing for me is to generate paper wallet offline and cryptosteel and a small amount for trading.

[kenzawak]

From artist Daniel Arsham : "Fictional Non-Fiction / Quartz eroded VOGUE 3019"

https://www.instagram.com/p/BsgBdFNH_kZ/

[Last of the V8s]

fuck that guy

[JayJuanGee]

Electrum  > They have holes every day.

https://twitter.com/ElectrumWallet/status/1083714691552169984

Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

Yes.

The best thing for me is to generate paper wallet offline and cryptosteel and a small amount for trading.

If you have more than $1,000 of value in bitcoin (and perhaps other crypto), then it can also be reasonable to invest in some kind of hardware wallet.  I prefer Trezor over Ledger in regards to current hardware wallets that are available.  I understand that there are several other hardware solutions that are available that I have not studied into.  I am a bit nervous about paper wallets, but mostly based on my own lack of experience in using them.

[Toxic2040]

Ok so Ive been invested in BTC since 2018 with an average cost basis of about 8k per coin. Sadly I dont see how we arent going to have at least one more huge move down well below 3k. I have orders to buy 3 more coins if we hit 2k. I dont want to sell rn but I am considering taking out a short position here. I believe in Bitcoin, but Im tired of so much losing in my first year

Could a few members help me out and post their best argument for why we already saw the bottom, or their best argument of why we are gonna have another big move to new lows.

Thank you in advance.

Stop worrying about shorting the final gasp of the bear market and start thinking about when you are going to long the bottom and how you are going to do it.  Much more profitable.

I have thought about this, thats why I said I have orders to buy 3 more coins at 2k. Thats all I can afford to lose. It will bring my total investment to almost 40k. I will not invest another dollar after that. All ive known investing in Bitcoin is a terrible bear market and its hard not to worry as early adopters dump on my face , but thank you for the advice.

Im interested in hearing other Bitcoiners best argument(s) as to why the bottom is not in yet(i believe it isnt but hope im wrong). If you have one id love to hear it. If not thanks anyway.

Get a fucking grip, Falcon Lover, over your own situation. 

Your continued whining (in a second post), after Hairybeary provided you with a reasonable response, shows that you are participating in this thread to merely spout out nonsense, and based on your assertiveness in this regard, including that you want to put the burden on others here to establish that the "bottom is in", shows that you are not really posting in good faith. 

Get a fucking grip.

I gave you a merit for having the balls to come in this thread and post what appears to be a succinct question. However, I would caution against using/posting monetary amounts and instead use percentages that indicate your portfolio allocations. Not only is this how gentlemen should behave imo, it is just good opsec that should be practiced by all. Especially when considering where you are posting such information. The merit and DT systems where put in place on this forum board for reasons beyond just identifying eloquent and prolific members. There are many colored hats that swim these waters...

Simply put..dont paint a target on your back if unnecessary.

----
To answer your question beyond what the v8 said, Karhu demands blood...we are here to give when needed.


--------------------

Please let him keep playing

82% post flop...ouch.

+1 WOsMerit

[El duderino_]

^

He had 14% to win the hand

Worst bad beat today

[bitserve]

Electrum  > They have holes every day.

https://twitter.com/ElectrumWallet/status/1083714691552169984

Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

Yes.

The best thing for me is to generate paper wallet offline and cryptosteel and a small amount for trading.

If you have more than $1,000 of value in bitcoin (and perhaps other crypto), then it can also be reasonable to invest in some kind of hardware wallet.  I prefer Trezor over Ledger in regards to current hardware wallets that are available.  I understand that there are several other hardware solutions that are available that I have not studied into.  I am a bit nervous about paper wallets, but mostly based on my own lack of experience in using them.

The problem I see with paper wallets is that you will sometime need to use a software wallet to "redeem" them so you are back to point one. Of course you could use an offline computer to run the software wallet, import the paperwallet and sign the transaction but then again, you could do that with a hardware wallet for added security (hardware wallet + offline computer).

One argument in favor of paper wallets is that you can spread your stash over several ones with different keys... But if your stash is worth enough you can also spread it onto several different hardware wallets (with different seeds)... and maybe even some paper wallets.

If I had to chose between hardware wallet vs paperwallet for a modest holding I would chose hardware wallet.

Each option has its risks, but that is my opinion and choice.

P.S.: And yes, if one's stash is worth 10x+ the cost of the hardware wallet I consider it a more than reasonable investment.

[bitserve]

For those understanding poker ..... I raise preflop, fish calls.... flop j94 rainbow.... sb opens I push all in and he calls


Please let him keep playing

Mic running a little behind @the Total balance of 3 sessions

Come sunday or next week

I don't really understand but... REKT HIM BADLY FFS!

[serveria.com]

Just picked up another 0.2 BTC.
First buy for a loooong time.
Time for BTC to head North.

I will see your .2 and raise you .2    Just bought .4
Nice  

Hey good idea! I dare every WO member to buy at least 0.2BTC! Let's support our beloved BTC! Let's pump it ourselves!    

[bitserve]

Just picked up another 0.2 BTC.
First buy for a loooong time.
Time for BTC to head North.

I will see your .2 and raise you .2    Just bought .4
Nice  

Hey good idea! I dare every WO member to buy at least 0.2BTC! Let's support our beloved BTC! Let's pump it ourselves!    

0.2 * 200 = 40BTC

 

Hmmmm, yeah! Let's go to the moooooon!!!!

[VB1001]

Electrum  > They have holes every day.

https://twitter.com/ElectrumWallet/status/1083714691552169984

Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

Yes.

The best thing for me is to generate paper wallet offline and cryptosteel and a small amount for trading.

If you have more than $1,000 of value in bitcoin (and perhaps other crypto), then it can also be reasonable to invest in some kind of hardware wallet.  I prefer Trezor over Ledger in regards to current hardware wallets that are available.  I understand that there are several other hardware solutions that are available that I have not studied into.  I am a bit nervous about paper wallets, but mostly based on my own lack of experience in using them.

The problem I see with paper wallets is that you will sometime need to use a software wallet to "redeem" them so you are back to point one. Of course you could use an offline computer to run the software wallet, import the paperwallet and sign the transaction but then again, you could do that with a hardware wallet for added security (hardware wallet + offline computer).

One argument in favor of paper wallets is that you can spread your stash over several ones with different keys... But if your stash is worth enough you can also spread it onto several different hardware wallets (with different seeds)... and maybe even some paper wallets.

If I had to chose between hardware wallet vs paperwallet for a modest holding I would chose hardware wallet.

Each option has its risks, but that is my opinion and choice.

P.S.: And yes, if one's stash is worth 10x+ the cost of the hardware wallet I consider it a more than reasonable investment.

Surely one day I will buy a Trezor. I have to convince myself, my brain is hard for some things. (Google chrome, plugins...)

[Toxic2040]

Oversold conditions continue to offer support to the current price levels. It seems a relief rally might present itself over the next couple of days. #dyor

4h

[bitserve]

Electrum  > They have holes every day.

https://twitter.com/ElectrumWallet/status/1083714691552169984

Electrum is going to be "fucked" if they are not able to take measures to offset some of their ongoing negative press.

Yes.

The best thing for me is to generate paper wallet offline and cryptosteel and a small amount for trading.

If you have more than $1,000 of value in bitcoin (and perhaps other crypto), then it can also be reasonable to invest in some kind of hardware wallet.  I prefer Trezor over Ledger in regards to current hardware wallets that are available.  I understand that there are several other hardware solutions that are available that I have not studied into.  I am a bit nervous about paper wallets, but mostly based on my own lack of experience in using them.

The problem I see with paper wallets is that you will sometime need to use a software wallet to "redeem" them so you are back to point one. Of course you could use an offline computer to run the software wallet, import the paperwallet and sign the transaction but then again, you could do that with a hardware wallet for added security (hardware wallet + offline computer).

One argument in favor of paper wallets is that you can spread your stash over several ones with different keys... But if your stash is worth enough you can also spread it onto several different hardware wallets (with different seeds)... and maybe even some paper wallets.

If I had to chose between hardware wallet vs paperwallet for a modest holding I would chose hardware wallet.

Each option has its risks, but that is my opinion and choice.

P.S.: And yes, if one's stash is worth 10x+ the cost of the hardware wallet I consider it a more than reasonable investment.

Surely one day I will buy a Trezor. I have to convince myself, my brain is hard for some things. (Google chrome, plugins...)

Once you try it, there's no coming back.

I prefer Ledger though (for its architecture around a secure element), but Trezor is also a solid one and the pioneer.

During the next bull run (or black friday) I will have to order both the Trezor Model T and the Ledger Nano X. Unfortunately, I am currently too poor to even consider it.

[kenzawak]

fuck that guy

Who ? The artist I posted about just above your post ?

He's a nocoiner ?