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

[jojo69]

Happy equinox observers!

Just grilled outdoors for the first time this season...feels like spring.

Here's hoping for a crypto spring as the weather improves.

[JayJuanGee]

True Jay. Later in the year maybe we can try a similar poll with more precise timing, etc.

Hopefully, I won't beat the topic to death, before then, because I really like the topic because it allows HODLers to figure out his/her own level and no matter what s/he is going to have to engage in a certain amount of BTC price projection in order to attempt to be realistic about the matter.  Also, it should be personally interesting and applicable to every single person participating in this thread because either s/he: 1) has already achieved such status, 2) has a target amount and/or plan to get there, 3) does not have a plan to get there but would like to get there or 4) would not mind getting there, but believes that his/her amount of BTC accumulating ability is never going to contribute to achieving such status.   

If such HODLer is not interested in 1, 2, 3 or 4 above, then I would wonder why s/he is looking at this thread.

Also, with such topic, there is a bit of a forcing to attempt to figure out: A) what kinds of numbers a HODLer would need to achieve and B) is such plan realistic based on likely events, timeline and personal financial circumstances.

It's a great topic, and also seems to facilitate BTC/USD wall observances, too in order to attempt to figure out if there is any progress towards such fuck you status, if not yet achieved.

IIRC I chose 200-499 which is *WAY* more than I do have. But the question was to be a fuckyoucoiner, and that's what I would consider, not that I would ever become one (or need to to, in order to be happy and reasonably wealthy).

And I am taking into account some price rise in the future. Otherwise the amount would be higher... but not much more.

I personally believe that there could be an accounting of entry level "fuck you" status based on what is the lowest price that the HODLer believes that BTC would reasonably hovering into and causing him/her to have to cash out some coins at that price, and that would be the base of calculations. 

Now, I am using the current low of $3,122 as such base BTC price to calculate my entry level starting point and $1million as the base amount that allows $3,333 per month passive income.  Thereafter, I employed a conservative traditional financial presumption that on average BTC would rise in price by 4% per year (which allows a withdrawal of 4% per year or 1% per quarter). 

So, $1,000,000 / $3,122 = 320.307495 BTC as starting out level of "fuck you" status, and in the future, hopefully, our starting base will change based on a rising price of BTC (no guarantees of course).   It seems to me that if we remain concerned about whether the bottom is "in" or not, then we should be using our most conservative numbers for our base starting amount in order that we would not say "fuck you" before we are actually really ready, willing and able to say it (without having to come crawling back with our tails between our legs).

Note: I recall the first time around, I calculated used a higher price (current BTC price, I believe), and I ended up arriving at around 250 BTC for fuck you status, but I think that using the anticipated bottom price of $3,122 is a bit more realistic because I would rather error on the side of conservative, and I am still only in the 48% confidence that the bottom is "in" thinking.  Of course, if there is a higher level of confidence that the bottom is in, and then a HODLer should use some kind of higher bottom number that would presumably be lower than the current price to calculate reasonable "fuck you" entry levels.

[JayJuanGee]

So, based on what you are saying, you bought some BTC in the $17k price arena, and is it fair for me to assume that you have bought some more BTC below $17k (like for example at some price points between $3122 and $17k)?

I have started at that time and bought on several phases. 12k, 8k, 7k, 6k, etc. When I have a little money to take a risk I buy BTC. Also, I will buy more if I can.

Yes, that makes sense.

Yes.  One thing is having a set of BTC accumulation targets and a tentative plan for achieving "fuck you" status, and another thing is realizing that there exists a kind of BTC price dynamics that might cause greater abilities to accumulate more BTC and therefore increasing the likelihood of reaching preconceived targets and/or reaching such targets sooner.

Long term holders contribute to the market. As there will have some portion of locked. So do not need a buyer for that portion, buyer needs only for the rest of the portion.

The BTC market remains strong enough that we do not need to consider whether we are contributing to it, exactly.  So, in that regard, each of us should be attempting to tailor our BTC plan/strategy, as best that we can, to our own personal situation which involves our other investments, cash flow, views about bitcoin, risk tolerance, skills and timeline.

Like you suggest, I agree that HODLers do not hurt bitcoin, and they actually cause BTC price bottoms because they are not going to sell, which causes limitations regarding how low BTC price manipulators are able to push down the price before it can no longer go down, which means the price goes up from such point.   

[Paashaas]

Announcing Lightning Loop Alpha: An Easier Way to Receive on Lightning.

The vision for Lightning Loop is to allow users to securely move funds in and out of the Lightning Network using non-custodial Bitcoin contracts.
With Loop, users, businesses, and routing node operators are able to keep Lightning channels open indefinitely, making the network more efficient, more stable, and cheaper to use

Yes please, this is good stuff

https://blog.lightning.engineering/posts/2019/03/20/loop.html

[Retina]

Now another great news in the crypto world India trying that perfect performance for crypto I think this is the good news for everyone, every Indian can easily buy/sell Cryptocurrencies freedom free.

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.

[zhekinsp]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

[bitserve]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

[JayJuanGee]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.   

[Retina]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.   

So sad man,

I think that The rich make money, and the poor get the sweat of the head and then return the money to the rich. The system will run in the same way. Someone slaves the money and someone else takes control over the money. How? The person who works for the money enslaves the money, and the money for which the money works, master over the money. It is easy to be a slave of money, but the Lord of the money is not so easy. The choice is ours, what we do Slavery or mastery?

[zhekinsp]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Hopefully we will not stay much longer at that level again even if the price fell to that range.

Keep holding.

[bitserve]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.  

So sad man,

I think that The rich make money, and the poor get the sweat of the head and then return the money to the rich. The system will run in the same way. Someone slaves the money and someone else takes control over the money. How? The person who works for the money enslaves the money, and the money for which the money works, master over the money. It is easy to be a slave of money, but the Lord of the money is not so easy. The choice is ours, what we do Slavery or mastery?

I money do master, lord of the flies easy on slaves, then sweat Bitcoin go!

[bitserve]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.   

Yeah, we certainly are.

[bitserve]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Hopefully we will not stay much longer at that level again even if the price fell to that range.

Keep holding.

Agreed.

[jbreher]

Now another great news in the crypto world India trying that perfect performance for crypto I think this is the good news for everyone, every Indian can easily buy/sell Cryptocurrencies freedom free.

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.

Hmm. Experience hath shewn that interest on crypto is typically intertwined with scam-ism. Not you private key, not you bitcoin. Repeat....

[JayJuanGee]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.   

So sad man,

I think that The rich make money, and the poor get the sweat of the head and then return the money to the rich. The system will run in the same way. Someone slaves the money and someone else takes control over the money. How? The person who works for the money enslaves the money, and the money for which the money works, master over the money. It is easy to be a slave of money, but the Lord of the money is not so easy. The choice is ours, what we do Slavery or mastery?

For being new to this thread, you sure do talk a lot of nonsense.  Likely, I overstated my "poor" status, because I was trying to harass bitserve, who had asserted that "we are poor." 

Ultimately, I don't believe that buyers and accumulators of BTC are poor, especially if we have been buying and accumulating for several years.  BTC has been a very well appreciating asset, especially relative to other possible investments. 

Regarding your slave/master framework, these concepts may apply to wage workers, and some of us here are considering various ways to advance to "fuck you" status, which, like you seem to suggest, might be more of a mindset rather than a set condition.  I don't think that we have to place ourselves as one or the other, but if we consider merely being master over ourselves, our finances and our lives, then that might be enough to have achieved "fuck you" status, perhaps?

On the other hand, there are likely always going to be some things that are out of our control, so sometimes, it is good to figure out ways to live with ourselves and to recognize our powers and limitations, including some things that we might not be able to control.. thinking about failing health conditions that might cause some demise and dependencies depending on how some of those kinds of limitations might evolve or affect us personally.

[JayJuanGee]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.   

Yeah, we certainly are.

Yeah, but I was just joking.  I take it back.

I don't feel poor, but I do have some issues that money cannot buy.. so in that regard, sometimes it is good to appreciate what we have and recognize that money cannot buy everything... so in that regard, even though I like to watch the bitcoin price a lot and the bitcoin news, I do have enough money to do a lot of the stuff that I want, already.

On the other hand, I don't have a private plane to fly wherever I like whenever I like.. and that would be nice... but whatever.. I should not overthink what I don't have, otherwise, I might start to feel poor, again.

[Retina]

It is really good to see the price of bitcoin over $4000,and this time the price looks more promising because it didn't happen all at sudden,it just happen after so much time hanging at this place,so there will be no more $3xxx on the prices.

You are probably wrong. It is way more probable we will see $3xxx again than $5xxx before. Wishful thinking won't make us rich.

HODL.

Especially when "we" are still poor.  Someone told me that, recently.   

So sad man,

I think that The rich make money, and the poor get the sweat of the head and then return the money to the rich. The system will run in the same way. Someone slaves the money and someone else takes control over the money. How? The person who works for the money enslaves the money, and the money for which the money works, master over the money. It is easy to be a slave of money, but the Lord of the money is not so easy. The choice is ours, what we do Slavery or mastery?

For being new to this thread, you sure do talk a lot of nonsense.  Likely, I overstated my "poor" status, because I was trying to harass bitserve, who had asserted that "we are poor." 

Ultimately, I don't believe that buyers and accumulators of BTC are poor, especially if we have been buying and accumulating for several years.  BTC has been a very well appreciating asset, especially relative to other possible investments. 

Regarding your slave/master framework, these concepts may apply to wage workers, and some of us here are considering various ways to advance to "fuck you" status, which, like you seem to suggest, might be more of a mindset rather than a set condition.  I don't think that we have to place ourselves as one or the other, but if we consider merely being master over ourselves, our finances and our lives, then that might be enough to have achieved "fuck you" status, perhaps?

On the other hand, there are likely always going to be some things that are out of our control, so sometimes, it is good to figure out ways to live with ourselves and to recognize our powers and limitations, including some things that we might not be able to control.. thinking about failing health conditions that might cause some demise and dependencies depending on how some of those kinds of limitations might evolve or affect us personally.

I'm sorry for my apology, I did not understand the subject so I came here new These mistakes will not be there later..!

[El duderino_]

Falling into the 'Shitcoin Trap'

https://twitter.com/cryptanzee/status/1108313834207490048?s=21

[El duderino_]

https://bitcointalk.org/index.php?topic=5122750.msg50241210#msg50241210

^
For the missing WO memebers, of-course still lots of time.....

[mirakal]

Gut says we are going to dip back below $4k over the next few hours, then recover back within 24 hours.

Let's see how this plays out.

* BobLawblaw eats some more popcorn and resumes staring at scrolling data

It doesn't matter if it dip back in short time,  and I just hope the recovery will get pass the resistance so we will moon again.