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

[toknormal]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

[JayJuanGee]

Our old sleepy friend 6400 is not too far way now. I wonder if we could visit and say hi...

Break that $6,000 first before we visit the $6,400. Just relax, we can go there 

Probably it is too soon to get too excited about possible BTC prices that are far above $6k, but hey, we have already experienced a large number of times that when BTC becomes determined, there frequently can be tendencies towards overshooting.

So, if we can get far enough above $6k, then at least for a while, $6k could become a kind of previously existing support level.

At this point, we have not even broken above $6k, so it is both hard to determine how long it will take to break above, and whether buying support has been able to sufficiently catch up in order to cause $6k to become our revisited stable floor..... It could take a few months of btc price movement before we gain a sufficient amount of information to become confident about where btc stands in relationship to $6k.... and another version of possible outcomes continues to be that BTC has spent enough time around $6k and does not feel inclined to hang out in the $6k territory for much longer.. so she will hang out considerably below or above $6k but doesn't want additional $6k associations for any longer than merely to pass through from time to time.

[infofront]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

The only way out of crypto is to get scammed.

It's like how in a gang, you have to get beat in, and beat out.

[BTCMILLIONAIRE]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

The only way out of crypto is to get scammed.

It's like how in a gang, you have to get beat in, and beat out.

Alternatively you can try to lose millions when only putting in 700k or claiming that you're Satoshi.

[JayJuanGee]

I’m honoured to be on this train with you all.

That's how I feel.

[Last of the V8s]

I’ve identified three credible estimates of Bitcoin electricity use that agree with each otherwell—Bevand, Vranken, and Krause and Tolaymat—and three others that have seriousissues—O’Dwyer and Malone, Digiconomist, and Mora et al. The latest estimate from one ofthese credible sources is about 5 GW of power use globally on June 30, 2018, with someindications that electricity use started falling around that time, due to the collapse of Bitcoinprices in early 2018. If converted to annual electricity consumption, 5 GW represents 44 billionkWh (44 TWh), or about 0.2% of global electricity use.

https://coincenter.org/files/estimating-bitcoin-electricity-use.pdf ^

-just another 50.8% needed to be safe

[Febo]

LFC, if we could just turn back time to that 150$ price .....

$3200 was new $150. We will have new chance 4 years form now at like $40k

Push recent chart 2 months ahead and we are not that much out of sync. We are at start of July 2015 now.  Unless bull market started in February and we will not see any serious correction anytime soon.

[LFC_Bitcoin]

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria while it's flying and the doom while it's low.  A bearish engulfing on the chrts seems like a good a time as any.

[JayJuanGee]

LFC, if we could just turn back time to that 150$ price .....

For one, I surely would not want to go back to $150-ish.  That would be fucking terrible, and maybe even worse than it was in 2014 and 2015.

Now, going below $1k would be fucking terrible, too.

It is starting to seem to me that we already had our 2018/2019 version of $150 and that was likely in the lower $3k arena...

So far, that lower $3k arena has not been revisited for several months, so it is starting to feel like it could be behind us, especially since we are slowly moving up to a nearly 2x of that price.  We cannot rest assured, but if lower $3k is visited again, it would not be nearly as close as $150 or even $1k, but it is likely pretty damned close to the bottom for this particular cycle... .. .

Furthermore, there are some possibilities, maybe less than 40%, that we will never see $3ks again.  There are also some possibilities, maybe less than 25%, that we will never see $4ks again. 

So, even if we don't experience $150 again (and nearly no one, except FUDsters, wants to roll back such clock), there are still $150-like experiences that currently seem to exist in the $3k to $4k price arena.

[El duderino_]

Is there a Dutch word for 'fuckery'?

V8 = closest to it

[El duderino_]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

The only way out of crypto is to get scammed.

It's like how in a gang, you have to get beat in, and beat out.

Or to lose the private keys by being a total F*** up

Or to sell @ to damn low prices and live on a bitter life like r0ach does....

[El duderino_]

LFC, if we could just turn back time to that 150$ price .....

$3200 was new $150. We will have new chance 4 years form now at like $40k

Push recent chart 2 months ahead and we are not that much out of sync. We are at start of July 2015 now.  Unless bull market started in February and we will not see any serious correction anytime soon.

Good Good, the ones that have got the chance to buy 10-15 coins with the spare saved cash, can then buy 1 whole BTC....

[kenzawak]

https://twitter.com/MatiGreenspan/status/1125733999241060353

"Bitcoin miner revenue saw a significant jump in April, while fees remain low, and transaction rate is near a record high."

[JSRAW]

I’m honoured to be on this train with you all.

That's how I feel.

JJG, this cute image showing mix emotion, Please let me know, Which one is it?

1. Crying due to happiness-feeling honoured?
2. Left out?
3. feeling violated?
4. Feeling cheated?
5. Someone mocking you?
6. Someone stole the Candy/BTC?

I think its 1st.... but still want to make sure.

Oh wait, where are you from again ? 

India, but I spent some time in Osaka.

[Lambie Slayer]

I'll do the honours.

Im contemplating  getting out of crypto for a while at least.  I've had enough of the hysteria...

The only way out of crypto is to get scammed.

It's like how in a gang, you have to get beat in, and beat out.

Ive only ever foreseen two ways out for myself.



or




I notice how a lot of the fiat ultra elite pledge to donate all or a percent of their net worth to charity when they die. I think we should start a Bitcoin pledge where we promise to destroy the keys to a certain percent of our coins when we die, thus strengthening the Bitcoin eco system and enriching our Bitcoin brothers and sisters we leave behind. This seems to have been what Satoshi may have done for us and perhaps his second greatest gift, losing the keys to a million coins to make us all richer.


June 21, 2010, 05:48:26 PM

"Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone." Satoshi

[JayJuanGee]

I am still in the process of making a selling plan. As a starting point is to get at least 10x profit. But some coins should be kept for 100x also. Oh, well, this is a though problem

Perhaps you should look through this "(SSS) - A Sane and Simple bitcoin Savings plan" thread.
 
Have you read that thread, yet?

I think that the one of the main ideas in that thread, is to create a selling plan that you can live with, no matter what the BTC price direction that comes after you employ your various selling points.

Of course, some folks do buy some BTC back with the proceeds of what they sell, but that buying back should be of a much secondary concern - and your obsession should not be with the buy back that causes you to want to become more rich by buying back more BTC at a lower price which also causes you to sell too much and the price could move against you (meaning up).  So, in that regard, from your post, it seems to me that your history shows that you have been are preoccupied with trying to time the top and thereafter to attempt to buy back lower to increase your stash and to therefore play with too much of your stash, which is almost an impossible task to either time the top or to manage your emotions when you are playing with too much of your stash with these kinds of shaving off (or raking attempts).

In other words, if you start your BTC selling in an area that is somewhere in the ball park of 10x (like you suggested), that might be a bit too high for your own psychology, and you might not have enough patience to actually wait to act for those kinds of numbers, and it might be more practical and meaningful to start your incremental selling at 5x or some other meaningful increment that is not so difficult to reach. 

In that SSS thread, there was a preference to sell 10% of your stash for every 100% that the BTC price goes up, and that way you never run out of BTC to sell, and of course, you can chose other price increments and amounts for that, too.. even though in my opinion, the parameters of 10% for every 100% is a decent thinking point.  My current model of selling 1% for every 10% rise and then attempting to buy back, if the price goes down is a variation of that framework.... and I am comfortable with my ongoing approach  because it is largely customized to my own temperament but also supplements my other investments and income sources, so each person might find thresholds and increments that are more comfortable for his/her situation.

[kenzawak]

Oh wait, where are you from again ?  

India

I knew that.
That is why I mentioned crazy people driving on the wrong side of the road.  

[Last of the V8s]

Is there a Dutch word for 'fuckery'?

V8 = closest to it

rude
thought we were mates

[Ibian]

I notice how a lot of the fiat ultra elite pledge to donate all or a percent of their net worth to charity when they die. I think we should start a Bitcoin pledge where we promise to destroy the keys to a certain percent of our coins when we die, thus strengthening the Bitcoin eco system and enriching our Bitcoin brothers and sisters we leave behind. This seems to have been what Satoshi may have done for us and perhaps his second greatest gift, losing the keys to a million coins to make us all richer.


June 21, 2010, 05:48:26 PM

"Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone." Satoshi

I agree. On an either-or scale, socialism obviously does not work. Capitalism, ho! all the way. But as long as we live in a society there has to be some element of looking out for one another. And people who inherit wealth but never learn how to generate it piss it away anyway and turn into pieces of shit. Thus, take the keys to some, possibly all, of your coins with you to your grave and instruct the little monsters in the fine art of being worth a damn without having to rely on handouts.

Everyone profits. You from doing whatever you damn well please with your money while alive, your family reputation from your generous donation, your kids from being better than they would otherwise have been, and coiners around the world. And this way, there is certainty that the donation will go to the intended recipients, and not be "lost" in managerial inefficiency.

[El duderino_]

Is there a Dutch word for 'fuckery'?

V8 = closest to it

rude
thought we were mates

Damn thats true .... can you forgive me