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

[El duderino_]

Managed to get my hands on a real life WO Hat.

You can put your own message on it, very clever. Any way here’s mine, this is my 13,000th post too. I think it’s definitely suitable for a milestone post.

I may promote a casino in my avatar but I can sure rock my WO real life hat

Real cool HAT bro ....

Me @#rosé3

Going smoothly in!!!

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[rdbase]

Even though the massive hodlers of bitcoin who can buy a lambo is sitting pretty
I would imagine they will still enjoy the finer things in life such as spending a relaxing afternoon fishing.

[LFC_Bitcoin]

Managed to get my hands on a real life WO Hat.

You can put your own message on it, very clever. Any way here’s mine, this is my 13,000th post too. I think it’s definitely suitable for a milestone post.

I may promote a casino in my avatar but I can sure rock my WO real life hat

Real cool HAT bro ....

Me @#rosé3

Going smoothly in!!!

Oh yes enjoy mic, I challenge you to much more than 3 if you come to Amsterdam in August. I will not be drinking all day in Dam so I will be ready

[vapourminer]

Been a while since I've updated this. Bitcoin has established 11 doubling floors since 2012 at a starting price of $2.50. This time period probably captures most of the crowd still hanging around WO. Anyone here still hodling pre-$2.50 corn?

yup mined in 2011. still have some of those. when i started they were ~$10, went to ~$35 (woot!) then crashed to around $2 towards the end 0f 2011. but i still kept mining even at those prices. paid off big time later of course.


but i didnt discover WO till way later.

[jbreher]

It's not easy taking a BIG ASS cut in your networth,

Truth you speak, young padowan - but with practice, easier it gets.

[Old Geek]

When I was a newbie, in 2017, I bought some Ethereum.
They are now at the same price as I bought them.

Do you guys think it would be a choice to exchange it for BTC?

Personally I don´t see many reasons to accumulate Ethereum anymore, it is a riskier investment in long term as it has many competitors,and I see none BTC competitor out there.

Once upon a time I had devcoin, i0coin, ixcoin, and namecoin. It took a while for me to realize that all of those had no utility for me. My goal was to increase BTC and they were not a vehicle for me. So traded them all in for BTC. No regrets.

Only you can truly answer your question. I don't know your goals and therefore it would be remiss for me to advise you.

From my point of view, the final answer is more bitcoins. YMMV

[LFC_Bitcoin]

Even though the massive hodlers of bitcoin who can buy a lambo is sitting pretty

Humblebragpost: Every once in a while, I see a Lambo while I'm out and about in Dallas. I don't absolutely LOVE them, don't hate them at all, but I'm more of an odd-duck, and consider them too gauché - preferring the refined subtleties of Porsche, or the gravitas and raw power of a MacLaren.

Ferraris are right out.

Yeah, that was the other thing I wanted to do post-halvening - Get a black MacLaren GT to take back and forth from the city to the ranch... in 2022ish... if everything aligns to plan...

Dare to dream.

I’m probably going to get a Rolls Royce or a Bentley, as you say, if everything aligns to plan. Always wanted an NYC apartment too. These things will be doable if we hit $100,000+ per coin.

Obviously being financially sufficient, never working another day is the main goal but shit, I want & expect luxury with it too

Dare to dream indeed.

[JayJuanGee]

@JJG - I think it’s probably a good idea to sell some under $100,000. Maybe sell a % at a random, odd number because loads of dumb people are going to have sell orders at $100,000 bang on. It’ll probably cause a fairly big correction to $60,000 or $70,000 or something.

You can then buy back cheaper or if not take a MASSIVE profit from selling.

That's true.

You don't really want to use round numbers, and a further point is that you don't necessarily want to put all your eggs in the basket that BTC is going to 4x to 8x beyond the previous ATH.

I certainly would not advise anyone to sell BTC between around $18k and $25k, but I certainly don't oppose taking a little bit of corn off of the table at prices above $25k - certainly there is decent justification that once we get past previous ATH at least a doubling of BTC price will take place - into the $40k to $50k arena, but NOT even those kinds of comparatively modest gains are not guaranteed, even beyond 60% or 70%, assuming that we get past $25k...

But certainly your point about round number is one that each person should be avoiding because round numbers are somewhat irrational, and even more irrational when decently large number of others are tending towards purposefully choosing to "wait out", their cashing of some profits until above those round numbers.... furthermore, sometimes, when a round number breaks, whether $10k, or $50k or $100k or some other number like that, many times there might end up being a 10% to 15% premium that plays out beyond the breaking of the round number - but even that remains a kind of likelihood without any kind of guarantee even while it plays out as a kind of tendency.

[JimboToronto]

Even though the massive hodlers of bitcoin who can buy a lambo is sitting pretty

Humblebragpost: Every once in a while, I see a Lambo while I'm out and about in Dallas. I don't absolutely LOVE them, don't hate them at all, but I'm more of an odd-duck, and consider them too gauché - preferring the refined subtleties of Porsche, or the gravitas and raw power of a MacLaren.

Ferraris are right out.

Yeah, that was the other thing I wanted to do post-halvening - Get a black MacLaren GT to take back and forth from the city to the ranch... in 2022ish... if everything aligns to plan...

Dare to dream.

I've got nothing against Lambos...



... as long as you have loyal employees to drive them.

[Old Geek]

mmmm. I'm thinking along the lines of a 1961 Jaguar XK-E. Just for running around in, I mean.  

In other news, that wall is still alive on Binance but the approach to it is less steep now. Only 200 or so on the upside to see it it holds.

[JayJuanGee]

One fairly established member messaged me on here the other day though asking me if I knew anybody who can facilitate 500k cash deal for bitcoin’s. Could have been hacked, after giving him a bit of advice I started to ignore his PM’s.

Sometimes reporting might be good  too, depending on how cringeworthy the situation feels.

I understand that some of the trust circles and members in providing escrow services can cause situations like that to become more common, but it does seem  a bit weird to get contacted out of the blue... even though you are decently well known.. including your name recognition on BPIP.... hahahahaha

[JayJuanGee]

Nice to see the corn growing. Not FOMOing into these prices.

TFW I'm thinking of FOMOing into these prices...

Sheeit.

Watch out with those selfies... Keep yourself safe BoB!

One hour t'ill Saturday b00z and dinner time, damn with parent companion from me and my GF

But will be fine, as the wine is being served @ a non stop pass!

Have a good Saturday WO-bro's!

The way things are feeling, the $9k threshold might serve as only a blip on the radar... and at least get us to the mid $9ks fairly quickly in order to begin eating away at any further resistance that might be present in the sub $10k arena.

[JimboToronto]

mmmm. I'm thinking along the lines of a 1961 Jaguar XK-E. Just for running around in, I mean.  

Made me think of Hey Little Cobra by the Rip Chords.

Just how old are you anyway?

[El duderino_]

via Imgflip Meme Generator

Closing the meal with this one on the side of my cappuccino ....

What is it??

And are we almost Vegeta??

[gentlemand]

I’m probably going to get a Rolls Royce or a Bentley, as you say, if everything aligns to plan.

Make sure it's a classic one. You may as well make whatever you possess work for you.

When my net worth hits the magic trillion mark I will treat my 12 yr old Ford to one refurbed alloy. The other three can soldier on until the two trillion level.  

There's only one fancy car I'd fancy owning and I've already owned one many, many years ago.



They're now worth about 6-10x more than they once were so I may give it a miss and buy an 11 yr old Ford. Funnily enough the more affluent I get the less interesting any possession seems.

[Old Geek]

mmmm. I'm thinking along the lines of a 1961 Jaguar XK-E. Just for running around in, I mean.  

Made me think of Hey Little Cobra by the Rip Chords.

Just how old are you anyway?

Oh yeah! 1964 Cobra with the 427. Quite the beast. Just doesn't seem to have the classic lines of the Jag, but a neat beast all the same.

How old am I? Way, way too old. When Hey Little Cobra was released I was just finishing my first overseas tour in the US Navy.

[Old Geek]

dump alert.

[JayJuanGee]

It's not easy taking a BIG ASS cut in your networth,

Truth you speak, young padowan - but with practice, easier it gets.

I will agree that if you have all of your basic  luxuries covered, then it is not as difficult to take a major cut in networth... which is kind of ensured through diversification - so that if the asset (bitcoin) goes to zero, you still have sufficient wealth in other assets.

Practice should facilitate getting to the point of sufficiently hedging for many people, but there are other people that do not seem to learn, a kind of compulsive gambler.  For years, I, personally, I have made considerable efforts to steer away from significant gambling or gambling temptations.

[El duderino_]

dump alert.

Drunk alert.

[fillippone]

via Imgflip Meme Generator

Closing the meal with this one on the side of my cappuccino ....

What is it??

And are we almost Vegeta??

That’s probably a Jagermeister.

Anyway: cappuccino after 11:00 AM is a yellow card in Italy.