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

[Kylapoiss]

 Your new hat sir!

https://i.imgur.com/tj6mnSg.png https://i.imgur.com/6lBaRi1.png

Avatar-sized

 

edit: not sure what I was thinking! A black cord was not appropirate... changed it to gold.  Please accept my apologies.

+1 WOsMerit

Could it be even more better with some scrambled eggs on it?

 I tried scrambled eggs but they didn't look very good after manipulating them to fit the brim of the hat and shrinking them to avatar size.  Just another skill I need to work on!

 Thanks to Toxic2040's encouragement, I tried again with the scrambled eggs...



Avatar-sized



 Dabs, you'll be the officer and the gentleman of the thread now.

Good work again sir!

Do you still have my original image? Maybe get mine updated too, the new 3D ones and the LN hat are looking more than awesome

[JayJuanGee]

I just hope we are still young when the $100K party comes. It will be almost surreal if it ever comes to reality. There's a chance though.

We are all going to be in crutches, wheelchairs and with personal assistants and oxogen tanks.  

Sucks to be HODLers.

We can always send our assistants to make some awesome explosions and fireworks with the oxygen tanks. Sounds fun to me.

You are too optimistic, bitserve.  I liked you better, yesterday, when you were in a higher state of capitulation and despair.  This little price bump got your spirits up, too much.

[bitserve]

I just hope we are still young when the $100K party comes. It will be almost surreal if it ever comes to reality. There's a chance though.

We are all going to be in crutches, wheelchairs and with personal assistants and oxogen tanks.  

Sucks to be HODLers.

We can always send our assistants to make some awesome explosions and fireworks with the oxygen tanks. Sounds fun to me.

You are too optimistic, bitserve.  I liked you better, yesterday, when you were in a higher state of capitulation and despair.  This little price bump got your spirits up, too much.

But, but... I remain capitulated!

I am still deeply depressed. This little pump is not going to fool me. Believe me.

[Kylapoiss]

[JayJuanGee]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

[bitserve]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

[jojo69]

Bob returning from IP meeting

[Hueristic]

Someone posted this on /r/reddit:

WikiLeaks Reveals US Military Use Of IMF, World Bank As "Unconventional" Weapons

Describes how the global monetary system is just a giant American geopolitical weapon. And that is why bitcoin will win. But we knew that, of course.

I hope they really didn't do that to the Venezuelan people.

[DevilSlayer]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

[Kylapoiss]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

[Kylapoiss]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

I stopped trading around June-July, can't predict anything in this kind of market and don't want to trade with (considerable) losses. Emotions have been pretty numb since sideways $6,500, I'm prepared for anything now.

Like said, don't invest money you can't afford to lose. I learned it the hard way in 2014-2015.

[JayJuanGee]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

[Kylapoiss]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

Good times to accumulate, I'm pretty sure the next rally will come as it was in 2017, from almost nowhere. Lets hope bitserve will add some stash into his bag too and forgets about the capitulation. Fundamentals are getting stronger every day and 1 BTC is still 1 BTC

[bitebits]

It hasn’t gone up.  A few hundred bucks above the 200WMA doesn’t count.

Denial.

[bitserve]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

Bleh, I am volatility battle hardened. My first "important" purchase reached Bitstamp the day Bitcoin reached $266... with the subsequent drop. I made most of my stash in extreme volatility periods. It is low price low volatility what breaks my nerves... Past bear market I just forgot about Bitcoin (while hodling) but this time I am still here and in that way it is a first time for me. Bring the fucking volatility to me for fucks sake!

[Toxic2040]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

Yup, I can confirm the accurateness of that index. Yesterday was my all time low. Today I feel like I can breath again.... but I know it's probably a trap though!

Good thing I don't trade when I am emotional... or better said, I get emotional after a while of not seeing any clear trade. Whateva. It works for me.

I do not also trade when I am emotional because I know that I will do a wrong decision that can lead to losses. There is still not enough signs that will support the price of the bitcoin. It is really hard to analyze and understand the chart due to its volatility :>.

I think its actually easier to understand when there is higher volatility as the trend is your friend so they say.

And the trend for crypto is decidedly upwards today with strong gains posted across the board. Bitcoin is currently trading in the $3.61k to $3.71k after settling slightly downwards to consolidate from a 10% gain on intraday trading.
1h

4h

[JayJuanGee]

[edited out]

Good times to accumulate, I'm pretty sure the next rally will come as it was in 2017, from almost nowhere. Lets hope bitserve will add some stash into his bag too and forgets about the capitulation. Fundamentals are getting stronger every day and 1 BTC is still 1 BTC

I agree with you that it seems to be a good time to accumulate, but we are not in a time similar to 2017, yet.  We are not even in  a time similar to 2016.  We are either in a time similar to 2014 or 2015.  We do not know which one, yet, and that is part of the reason for such trepidation.

I know that I am making fun of bitserves emotional proclamations from yesterday, but there is certain level of reasonableness to such trepidations because there is no guarantee that the BTC price bottom is still in, and in that regard, we could experience another halvening of the BTC price and further dragging out of more flat, and down before we get to the UP part.

Yes, I would feel a lot more comfortable to get above $6k, but we are a long way from there, and even the pittance of a scenario that I described in my earlier post (getting to $5,900 a couple of times would not be enough to persuade that we are out of the bear market.

So, sure it is nice to play around, including myself, about the emotional outbursts and frustrations of others, and to make fun out of it, but there remains a decent amount of truth to the whole matter... accumulate now, but don't accumulate so much that you are NOT prepared for another BTC price halvening.  Keep some dry powder, just in case.  I don't know the odds of another BTC price halvening, but they are not really low, and may even be in the 30% to 40% territory, which is nothing to sneeze at.

Would I rather go up?  Hell yeah.  Am I going to be bummed out if the BTC price halves again?  yes.   I would also buy, even though I am disappointed because the whole value of my BTC holdings halved again... but I would buy a bit more because that is what my system tells me to do, especially when there is nothing fundamentally wrong with BTC and the actual fundamentals remain stronger than any other crypto project, and that is apart from the shenanigans of various fiat based systems.. but anyhow, several of us BTC HODLers (and accumulators) consider BTC as a fiat hedge... so there we go.. continuing to HODL and continuing to accumulate, even while being somewhat bummed out that the BTC price continues to have some difficulties breaking above some of the price resistance points between here and $6k.. and could reasonably take a good 2 months (great scenario) to 18 months (worse scenario) to get back to $6k and challenging the resistance at $6k.

[Kylapoiss]

** snap **

I think its actually easier to understand when there is higher volatility as the trend is your friend so they say.

And the trend for crypto is decidedly upwards today with strong gains posted across the board. Bitcoin is currently trading in the $3.61k to $3.71k after settling slightly downwards to consolidate from a 10% gain on intraday trading.
1h

4h

Nice and clear graphs with explanations which even a total rookie would understand. Sent my last merits on the way

[bitserve]

Might as well be an index of the status of bitserve.. yesterday, versus today... he went through a fear halvening (or a capitulation halvening), even though currently denying such price bumpening effect.  hahahahaha

So will he stay capitulated until $6500 or $950,000?

I would be happy if we saw 4xxx again (hopefully soon).

I agree $4k would be nice.  I know that there are folks hypothesizing that BTC prices have to get above $4,200 to show some reasonable sign that there are decent chances to move upwards... which actually has a reasonableness to it.

Regarding bitserve and his trepidations, I would like to see $5,900 again within two or three months and then even a possible correction down to $4,500 and then back up to $5,900, just to show how giddy bitserve would become through such BTC price movements, and he would forget that he had ever even heard of the word capitulation.  He wouldn't even remember what such word meant.       

Good times to accumulate, I'm pretty sure the next rally will come as it was in 2017, from almost nowhere. Lets hope bitserve will add some stash into his bag too and forgets about the capitulation. Fundamentals are getting stronger every day and 1 BTC is still 1 BTC

Well, I have to be honest and say I have never accumulated during any bear market. I usually start buying again when I think the bear market is over which is obviously higher than the bottom but still way lower than the top.

[JayJuanGee]

[edited out]

Bleh, I am volatility battle hardened. My first "important" purchase reached Bitstamp the day Bitcoin reached $266... with the subsequent drop. I made most of my stash in extreme volatility periods. It is low price low volatility what breaks my nerves... Past bear market I just forgot about Bitcoin (while hodling) but this time I am still here and in that way it is a first time for me. Bring the fucking volatility to me for fucks sake!

It is beginning to sound as if you faked your capitulation, unless you were merely trying to self-induce such capitulation - because in some sense, if you have as much equity as you suggest, then even if frustrated, you are likely not too close to capitulation.

Let's say for example, you though that worst case scenario was around $5k and even that the price would have gone back up for now, and so therefore, you failed/refused to cash out a sufficient amount of BTC to cover some of your expenses for the next year.. and so now you are a bit frustrated by your lack of preparation.

That kind of thing can happen to any of us.  I have expenses too, and I cashed out some BTC and I did not buy back as much as maybe I should have.. and I am kind of building up my fiat right now in order to prepare for down because I largely thought that $5k to $6k would be the bottom... but if you have equity in BTC, you can probably afford to cash a little out here and there... and still have more than enough when the price goes back up, even if it take more than 2 more years before it goes back up in any kind of meaningful and significant quantities to make some kind of decent wealth appreciatoin difference.