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

[El duderino_]

https://twitter.com/nvk/status/1121456458846097408

[JayJuanGee]

sorry guys

I'm fucking grumpy today

What else is new?

People who live in glass houses shouldn’t throw stones

You must have me mixed up with someone else.

I don't get emotional nor do i tend to share emotional details in this thread (or forum).  Oh, you might consider that my tone or the strength of my language might become strong from time to time, but don't be mixing up strength of language or tone with emotions.

sorry guys

I'm fucking grumpy today

What else is new?

I applaud you for dutifully reading the backlog of posts from your, rather lengthy, absence.  

Actually reading the fucking thread goes a long way with me.

Sometimes, I do kick myself for reading back too many posts, and sometimes there is a need to skim some of the posts, especially when trying to catch up 60 or more pages of backlog.  My current backlog has been brought down to about 15 pages... which I should be able to get back to current, today (even though I have quite a few projects in the coming weeks, but those projects are not as removed from the internet as my last week's projects).

[Last of the V8s]

lol at monero

[fillippone]

Ah!
This is not the kind of tweet i like from Plan B, I like more the S2F stuff, but nevertheless I like the bullish sentiment!

https://twitter.com/100trillionUSD/status/1121478427016609792

[Globb0]

Easy to criticise. Flame away.

[Last of the V8s]

Welcome Mr ..?
The name's Goose, Mike Goose
Welcome Mr Goose Mike Goose. To drink?
I'll have a White Russian. Cream, not half-and-half.
And may I take your, er, robe?
This aggression will not stand.
Oh so sorry, Mr Goose Mike Goose. And what will you be performing for us today?
The Man in Me. It'll really tie the room together.

[Paashaas]

https://twitter.com/APompliano/status/1121453065905684480

[jbreher]

blackle.com used to be a good solution. Looks, however, that they have not implemented https tho.

Blackle uses Google Custom Search.

Right. They take your request, forward it to google as if it was theirs, collates google's results, and forwards those back to you. It is a way of using The Google without The Google knowing about you.

Of course, blackle may be saving your data, for later use of their own design. Who ya gonna call?

[Paashaas]

That $1000 dump on Kraken 

[Febo]

lol at monero

The fuck happened to Monero? I realized fully anonymous shitcoins are a risk and decided to stay away from playing with em.

I have no ideas what happened. But if it is KYC then ....  KYC is Monero biggest strength.   Once you have linked identity to the address in transparent ledger crypto currency then all that wealth there is linked to identity. Once you have linked identity to an address on opaque ledger crypto currency then all you have to do is to sent on new address and it simply unlinks. Just like that

[BTCMILLIONAIRE]

Thinking about it, the social welfare state, at the very least in its current form, is partially responsible for the steep increase in wealth inequality.

Too bad the irony is likely lost on those who are responsible and hit the hardest.

[JayJuanGee]

Bitcoin price up 720,000,000 percent first recorded price

The evolution of money has historically gone through four key stages. From collectible to a store of value and then to a medium of exchange, and finally a unit of account (such as the US dollar today).

What makes Bitcoin unlike any type of money before it is how quickly it became an exchangeable good. Historically, it took eons for people to come to a consensus on a medium of exchange.

https://bitcoinist.com/bitcoin-price-up-720000000-percent-first-recorded-price/

It's not really fair to measure BTC price from close to zero to present...

Maybe we should start from 2011, 2012 or 2013?

I understand, we are going to continue to have a similar and ongoing problem of trying to figure out a proper and reasonable BTC price measuring starting point, and the problem is NOT likely to get better, since we seem to remain on an exponential growth curve that might not have even begun to go up the vertical end of the hockey stick, yet.

[El duderino_]

Welcome Mr ..?
The name's Goose, Mike Goose
Welcome Mr Goose Mike Goose. To drink?
I'll have a White Russian. Cream, not half-and-half.
And may I take your, er, robe?
This aggression will not stand.
Oh so sorry, Mr Goose Mike Goose. And what will you be performing for us today?
The Man in Me. It'll really tie the room together.

Haha LoL, had just 1 Smerit to spend and saw same time the PAASHAAS POMP tweet that I missed seemingly

So explaining corn to the riches had my preference cause the other one was more referred to me ..... definitely would off send you 1 as well if I had, for the good humor and WO-member bounding  (hope to gain that MERIT SOURCE ) https://bitcointalk.org/index.php?topic=5132225.msg50619911#msg50619911

[kenzawak]

https://twitter.com/kerooke/status/1121406395016826881

[LFC_Bitcoin]

https://twitter.com/kerooke/status/1121406395016826881

I noticed that transactions were requiring 87 sats per byte to get confirmed yesterday. I sent 0.04xx bitcoin’s with a fee of 9 sats per byte today.
 

[Last of the V8s]

Haha LoL, had just 1 Smerit to spend and saw same time the PAASHAAS POMP tweet that I missed seemingly

no worries my dude, you gotta keep it serious while you apply. anyway, it's not for merit, just weird fun. i am so over merit (i am not over merit)

[JayJuanGee]

JayJuanGoyim, what is your opinion on the coming complete destruction of the neocon Jews and their servants fraudulently occupying US govt?  Will this be their greatest military blunder EVER?  Or will the human-pig hybrid Mike Pompeo who can't do more than 3 pushups without passing out while advocating for endless wars to be fought (just not by him) become the new VIP shabbos goyim kike servant of all time?

https://www.zerohedge.com/news/2019-04-24/pepe-escobar-war-iran-calling-americas-bluff

I don't got NO opinion on the topic.      Go figure.   

[JayJuanGee]

I have weak heart and confused mind so every stage looks trap to me and for me actual bull market starts from $15 k.

We breach psychological price barriers on the way up. I think $6,000 is one as that’s when we started to drop fast at the peak of the bear market, it was fucking horrible.

$8,000 is a big deal to me, I dunno why but it just seems like a big jump.

$10,000 is obviously a big sticking point, I think there will be people selling when we get there.

Then we have, as you say $15,000. The next one after that is a new ATH.

I’m not selling anything until north of $30,000 - $40,000.  

20k is the psychological barrier for me. I was just a noob 1.5 years ago (well I still am obviously) but I remember thinking "wow I made quite a lot with almost nothing... what if I had invested that amount of money instead of that one ?"... and now that I have (well not completely but it's getting there), I wanna know how much profit I can make with that... and then, I know that it won't stop until... well, the moon. Because at 20k or even 30k, I probably won't sell.

@JSRAW I know you heard it many times but I don't think it really matters what happens in the short term, if we get 5% or lose 5%... in a few years, we'll look back thinking how dumb we were worrying about a few hundred $.

If you been buying and accumulating BTC since late 2017, what is your average cost per BTC?  Approximately?  No need to dox yourself or screw up your opsec.. just give a kind of ballpark idea what you have been up to in the about past year and a half in regards to accumulating and buying BTC.

Thanks to all the scams, exchange failures, etc ... my cost is close to $20k (USD) per BTC. 

On the other hand ... I'm bit more aware these days, so I've avoided a lot of problems over the past year.   

If I had just been a holder my average cost would probably be around $200 (USD) per BTC.      There is a lesson in there somewhere.

Yes.  You have accomplished almost the impossible, dyask.

Perhaps you should consider a more sound approach, such as sticking only with BTC, dollar cost averaging and buying on dips.  Build up your stash..and don't take too many risks.  Possibly buy a ledger and start stacking satoshis.. and perhaps only trade with less than 10% of your stash - in other words, mostly stash the BTC away.  You will thank me later.   

[Toxic2040]

Kraken not the most liquid of markets
1.6k btc sold with 20% slippage

...market not affected
...stink bids?

https://www.reddit.com/r/Bitcoin/comments/bha10i/bitcoins_from_the_bitfinex_hack_2016_moved_today/
meanwhile a useful toy

https://github.com/Whalepool/Bitfinex-Long-vs-Short

Thieves, fat fingers and scalpers are interesting up to a certain level..

What I am really curious about is this trend of splitting WOsMerits I have observed. Is it true?  Is decoupling happening?  Are we about to witness mass adoption? How many decimal places do you think these WOtoshi'sTM might need?



---------

Well..good afternoon anyway to the rest of you.

Signs of wanting to buck the trend continue to present themselves. We are still balanced on the edge of a blade along this 0.236 fib as consolidation efforts pick up.
D


#dyor
W


Note how the lagging span interacts with the TK cross after the peak of the last cycle. Just about the time we figure out price discovery for the upcoming halving the monthly will be full bull. Interesting times indeed.
M

[JayJuanGee]

I have weak heart and confused mind so every stage looks trap to me and for me actual bull market starts from $15 k.

We breach psychological price barriers on the way up. I think $6,000 is one as that’s when we started to drop fast at the peak of the bear market, it was fucking horrible.

$8,000 is a big deal to me, I dunno why but it just seems like a big jump.

$10,000 is obviously a big sticking point, I think there will be people selling when we get there.

Then we have, as you say $15,000. The next one after that is a new ATH.

I’m not selling anything until north of $30,000 - $40,000.  

20k is the psychological barrier for me. I was just a noob 1.5 years ago (well I still am obviously) but I remember thinking "wow I made quite a lot with almost nothing... what if I had invested that amount of money instead of that one ?"... and now that I have (well not completely but it's getting there), I wanna know how much profit I can make with that... and then, I know that it won't stop until... well, the moon. Because at 20k or even 30k, I probably won't sell.

@JSRAW I know you heard it many times but I don't think it really matters what happens in the short term, if we get 5% or lose 5%... in a few years, we'll look back thinking how dumb we were worrying about a few hundred $.

If you been buying and accumulating BTC since late 2017, what is your average cost per BTC?  Approximately?  No need to dox yourself or screw up your opsec.. just give a kind of ballpark idea what you have been up to in the about past year and a half in regards to accumulating and buying BTC.

I wouldn't know exactly.
At the beginning of 2018, I don't think I bought much. I was expecting a bounce which never happened. I was confident but still a bit worried. Noobie reaction I guess.
I probably needed to be reassured.
When I realized there would be no bounce for a while, I started investing again. I'd say the price was around 6,2 (we stayed there a while so I had time to think about it).
After the 6k drop, my profit % really tanked and that's when I invested much more.
I had a different attitude towards that crash, I knew it wasn't a big deal and actually saw it as an opportunity to accumulate.
So BTC was 3,5k / 4k. I could have bought more still.
Now I'm 96-99% sure that we've seen the bottom (yep I voted), I feel zero stress about where we're going short-term and every time I can buy, I do it. Passing 5k was a good confidence booster (that's probably when I bought the most, so that is recent). I guess reading this thread also helps with that confidence. I'm not waiting for another drop or anything. Whether I buy at 6 or at 5 doesn't matter much.

I understand that you might not have precise figures, but it can be helpful, for yourself, to attempt to pin down some of these kinds of cost per BTC numbers in order to attempt to measure whether your strategy has been prudent or if it needs to be tweaked.

Since I asked you the question, I will give a quick rendition of my situation.  I started buying in late 2013 at $1,200, and by the end of 2014, the price per BTC was sinking into the $200s, but my average cost per BTC was around $550.  At the end of 2015, my average cost was a bit below $500.  I got hacked in 2017, which caused my average cost per BTC to go a bit over $750.  From time to time, I go through my stash and figure out various ways to calculate and recalculate, but I think that $750 remains a decent reference point for me, even if it is NOT 100% accurate - depending on how I calculate some matters... but on average, I still believe that a $750 cost per BTC serves as a decent rough current grounding for me.