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

[El duderino_]

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

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[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.

[jbreher]

Kudos for jumping feet-first into the free for all. Before I sling shit, I would like to recognize your effort, and also state that my counterpoints (such that they are) may be irrelevant. That said...

1. We have several smaller parties.

2. Anyone who wants to volunteer to host a party just posts on WO that they are hosting a party and hat members who want to come will respond to the post.[/b] The host will list how many WOs and friends they can accommodate what city the party will be in and what activities they will do.

Reasonable. You might want to look at how far 600watt got the 1K planning, before giving up altogether on the one party to rule them all plan. After all, wouldn't it be fun to get the whole happy gang together?

WO hat holdler dinner only: The limit for this dinner is 25 people. We will meet at a high end restaurant at a Vegas Casino the location of which will be disclosed the day before. A reservation will be made to ensure they can accommodate a party this large. Checks will be separate and each member responsible for paying their bill of course. No non WO Hat members at the dinner bc secret plans for global domination will be discussed.   Dinner time is at 6pm.

Semi-private get-togethers for dinner in Vegas have a decidedly ooky history in the Bitcoin space. #justsayin Look it up.

Fourth event: Brothel adventure. At 6am WO members still awake and ready to party will join Slayer in his limo and head to Pahrump, a small town an hour away. If more than 20 are still in the game at this point it is easy to get extra transportation in the blink of an eye. Brothel adventure is for WO members only, no guests allowed. The limo will head back to Vegas at 10am.

A Pahrump trip without a stop at Front Sight? What are you thinking? We'd have to clear our heads from the partying from the night before, but even an extra day to shake out the cobwebs would make it worth the effort.

[nanobtc]

As much as we may pride ourselves on 'being our own bank', that comes with it's own risks. Warren Buffet? If you can get past whatever physical security he has, on a quick demand/threat (short of kidnapping/removal, then the Bad Guys are better placed for income), he probably cannot give you much more than the cash and cards in his wallet.

A crypto-geek getting wasted at a big crypto-shennanigan, with a pocket full of hardware wallets? The $5 wrench attack will get those keys every time.

I love a good party, and would love to see many of you, but I probably cannot risk my .0000834 BTC just to do so.

[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

To be able of buying and HODLing an amount of BTC whiteout starving from hunger and stuf is a privilege we all most treasure
Always there is people who’s d*ck is biggest than yours.....

But as I Said just be able to buy and HODL is only for the privileged!

Be gratefull to share this knowledge and privilege by buying and HODLing what many would wish for....

Actually, that is another good point, coming out of "team mic."

Essentially, so many people live paycheck to paycheck and/or they are not responsible enough to be able to "commit" to an investment.

Committing to an investment is a matter of perspective, rather than how much money a guy (or gal) might have at his/her disposal.

Accordingly, you (mindrust) are leagues ahead of average Joe Blows in at least two ways 1) by being able to commit to an investment and 2) finding bitcoin for such committed investment.

[jbreher]

And average of 2 guests seems a bit too much. Most guys have only one GF/wife.
So maybe 1 guest per old hat...

I'd be interested to know who'd be willing to join the Wall Observer in their life at such a do. Many would be creeped out by the idea.

As for me I don't know anybody any more. I would be bringing my 60-70 emotional support eels.

Only if jellied.

<Kinkier that way.

[JayJuanGee]

but I would guess at least 60-80 with an average of 2 guests each so that would mean at least 210 people.

Maybe only 50 of us old hatters still active here...

And average of 2 guests seems a bit too much. Most guys have only one GF/wife.
So maybe 1 guest per old hat...

I would say maybe we'll get 50 people for US party plus 50 people for Europe party.

One does not simply bring a gf/wife to a strip club. The smart ones would leave them at home

Exactly.


You don't bring sand to a beach.