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

[fillippone]

Worst case: you got money for free to buy your house.
Best case: you got your house for free and saved some btc

inb4 we'd be in Dire Straits

Basis hypothesis is that you can afford that mortgage at 0% rates. I’m not suggesting leverage, course.
Hodling is an attitude: it is true for bitcoin, but it is applicable also to fiat, to a lesser extent.

[El duderino_]

https://twitter.com/DenzBenzi/status/1135944414071795712

  

[El duderino_]

Make me think of someone, big cat, toxic etc

[xyzzy099]

who was that OG who popped in sometimes with a mining profitability spreadsheet?
I want to link someone doing hist research to it please

I think you are talking about Sitarow: https://bitcointalk.org/index.php?action=profile;u=18976

and this chart: https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

maybe...

[Last of the V8s]

who was that OG who popped in sometimes with a mining profitability spreadsheet?
I want to link someone doing hist research to it please

I think you are talking about Sitarow: https://bitcointalk.org/index.php?action=profile;u=18976

and this chart: https://docs.google.com/spreadsheets/d/11QS1BBV11KNGTF8N_-fdfmjTZ3WzPQFbLfVrl5n6R8s/edit?usp=sharing

maybe...

Exactly. Thank you so much.

[El duderino_]

Belgium rainy days. 
Btc sideways forecast? Better not!!!!! 
Find luck in HODLsleep. 

[mrdeposit]

When bitcoin again hits $20K soon, the world will wake up to the fact that Bitcoin is here to stay.

Many high-profile people will start being vocal about owning BTC as everyone who ever bought bitcoin will now be in profit.

https://twitter.com/misir_mahmudov/status/1136365038531481600

Is there any tool for guessing the "inauguration time" of the next big market cycle?
Bitcoin is always expensive for average people who want to buy and forget with perfect entry-exit accuracy.

[d_eddie]

Imagine selling a big % at $100,000 & then 3 weeks later we’re at $200,000.

Unlikely if many long timers are selling a bit at 100k...

[d_eddie]

When bitcoin again hits $20K soon, the world will wake up to the fact that Bitcoin is here to stay.

Many high-profile people will start being vocal about owning BTC as everyone who ever bought bitcoin will now be in profit.

https://twitter.com/misir_mahmudov/status/1136365038531481600

Is there any tool for guessing the "inauguration time" of the next big market cycle?

SOMA* analysis gives consistent results.
Consistently shitty.

In other words: if there were any such such tool, we'd all be rich. Or more likely, at least a few would. I guess they wouldn't be willing to share.


* Straight Off My Ass(TM). Almost always wrong, almost all the time!

[Raja_MBZ]

When bitcoin again hits $20K soon, the world will wake up to the fact that Bitcoin is here to stay.

Many high-profile people will start being vocal about owning BTC as everyone who ever bought bitcoin will now be in profit.

https://twitter.com/misir_mahmudov/status/1136365038531481600

Is there any tool for guessing the "inauguration time" of the next big market cycle?
Bitcoin is always expensive for average people who want to buy and forget with perfect entry-exit accuracy.

https://twitter.com/Josh_Rager/status/1135391212779843591

[ChinkyEyes]

Imagine selling a big % at $100,000 & then 3 weeks later we’re at $200,000.

Unlikely if many long timers are selling a bit at 100k...

The same could be said at 20k during the last bull run. Selling at 20k & three weeks later we could of been at 30k. Instead we dumped. Better be safe than sorry imo.

[Last of the V8s]

You simply cannot time any top. (Traders confident in their own systems may disagree.) If you insist on selling some bitcoin , you have to set scaled asks.
No doubt JJG can tell us more. Much more.

[Raja_MBZ]

When bitcoin again hits $20K soon, the world will wake up to the fact that Bitcoin is here to stay.

Many high-profile people will start being vocal about owning BTC as everyone who ever bought bitcoin will now be in profit.

https://twitter.com/misir_mahmudov/status/1136365038531481600

Is there any tool for guessing the "inauguration time" of the next big market cycle?
Bitcoin is always expensive for average people who want to buy and forget with perfect entry-exit accuracy.

https://twitter.com/Josh_Rager/status/1135391212779843591

Is TA pure bullshit? Theres goofey names of signals on both sides claiming crash and rise always.

TBFH, every chart signal is bullsh*t when we're talking about bitcoin. TA, Guppy, etc, everything. I remember that RSI, on many timeframes, remained severely overbought back in October 2017 and bitcoin still managed to pump much more even with those so-called "overbought" indicators.

[lightfoot]

Well, just checked bitcoin: $ 7,777.542

Sounds like my lucky day.

[jojo69]

Meanwhile in Denmark:

My Bank In Denmark Just Offered Me A Negative Rate Of Interest To Borrow Money

The article says the negative interests were available for the banks and institutions... only till now. Now an average Joe go to the Danish bank, ask for money and get paid by doing so.

As somebody said in the comments, you can buy the whole country like that.

Crazy right? Interesting times. Sounds a lot like we are about to see the end of the financial system we knew.

Satoshi knew this shit was coming. When you think like that selling at $100k looks like a stupid idea.

Now that...is crazier than this girl I used to know...

[jojo69]

I suggest we create a private forum or private subreddit to further discuss matters. Participation by invite only. Maybe an application process to make sure anyone who should get in, but slipped through the cracks, can get in.

Edit: I also like the idea of setting the date do be an arbitrary number of months after the halvening.

I nominate Bob as benevolent dictator of said forum.

[jojo69]

And that's exactly how we all will end up regretting not having sold shit again lol

this

[JayJuanGee]

I’m out of sMerit but I would have sent you +5 for that post Lambie. Can somebody help me out & send him at least 1.

Thanks.

Don't worry I tipped him pretty generously. I might suck at ollecting bitcoins but I am cash rich when it comes to merits.

I don’t like it when people put themselves down about how many bitcoin’s they have. It makes me sad to be honest.

Even if you had 1BTC (and I know you have more) then there are only 21 million to ever be mined, many of which will be when we’re dead - 1BTC will be worth $150,000 or thereabouts in a few years. Where else can you get that kind of return on investment?

I think you said you have around 5BTC, that’ll be enough to buy yourself a nice house & even get a rental income from a couple of apartments. None of that would be possible (probably but I don’t know you personally) without bitcoin.

Sorry for the long bull shit post but you’re better off than most people, be happy

Yes.  Exactly!

Sure it might seem futile if mindrust is comparing himself to other WO members or even the hypothetical bitcoin holdings of other WO members (who are largely quasi-fictitional avatars), and fact of the matter remains that the acquisition of more than  5 BTC has NOT been any kind of easy task, but if mindrust remains in accumulation mode, he is going to be way the fuck ahead of any kind of representation of an average Joe Blow.   The average Joe Blow is going to continue to be scared to invest into bitcoin and to hesitate, until the price goes shooting up, which is going to cause the average Joe Blow to be buying bitcoin at various times that mindrust might be skimming off tiny bits of profits, here and there.

It's going to take a decently long passage of time before the average Joe Blow starts to become comfortable in bitcoin and to establish a strategy in which he puts even 1% of his wealth in bitcoin - of course, some average Joes are going to become enlightened and put 10% or more into bitcoin, but 5 years or more down the road, some of those folks are still going to have trouble acquiring .25 bitcoins.

So, even if mindrust has difficulties holding onto his whole BTC stash, based on his various representations about what he has been learning about bitcoin and the value to maintain part of your BTC stash no matter what, I would imagine that even with $100k plus BTC prices, mindrust is likely still going to retain at least 2BTC in his then stash.

[nutildah]

Is TA pure bullshit? Theres goofey names of signals on both sides claiming crash and rise always.

Yes, yes it is, given the fact that at any point in time, two TA "experts" can look at the same chart and come to exact opposite conclusions (and the price is also just as likely to head in a 3rd direction). It's all posturing: milking the times you are right for the most you can and being able to deflect in the event that your call is wrong.

[JayJuanGee]

I’m out of sMerit but I would have sent you +5 for that post Lambie. Can somebody help me out & send him at least 1.

Thanks.

Don't worry I tipped him pretty generously. I might suck at ollecting bitcoins but I am cash rich when it comes to merits.

I don’t like it when people put themselves down about how many bitcoin’s they have. It makes me sad to be honest.
...

I am not sad. Maybe a little bit of sad, but you don't need to give a shit about it. Whatever I did, I did it myself. If I go back in time, I would make the exact same decisions. It didn't make sense to me to buy btc when it was $500. There were too many variables to watch. I told about it already a few times. My business was newly established, I just paid back my loans, had a few ten thousands (2 actually) in my hand and didn't want to gamble on bitcoin (virtual money for druggers :d).

Since last year I am confident enough to throw $500-1000 and even more than $1500 (monthly) but You know I feel like i am a bit late to the party. (Flying jets, driving lambos, cocaine on yachts kinda party)  

The amount I have will be enough to build a happy life for me hopefully. When I was getting into this, I never aimed for the lambos in the first place. So I am not sad. Just a little. :d

Btw which mf bought this:
https://www.whois.com/whois/btc100kparty.com

I was just going to... fu.

Actually, i understand the concept of 1) feeling that you do not have enough money to invest when you are fresh out of high school or college and you are trying to establish your basic business matters or personal cash flow.

In that regard, a person who has already established his/her basics will be in a better position to splurge a bit more with his/her investments.

Hypothetically, I am wondering what kind of difference it would have been for me to have been a younger investor - and not already pretty well-established (financially) when I came across bitcoin and decided to add bitcoin to my mix of assets. 

In other words, when I came across bitcoin, I was not establishing my initial position(s) in any investment(s), but when I decided to establish an initial position in bitcoin, I was largely moving around the value in various assets rather than either just getting started or relying on then cashflow.  Of course, cashflow is always a little bit of a factor, even when moving around assets and making changes in decisions about how newly incoming money was going to be treated in the then future.

Regarding domain names, I am sure that there are all kinds of available domain names, as long as you were to include "WO" or some variation of WO in the domain name.