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

[bitserve]

Anybody starting to feel a bit sick/anxious about this rapid rise?
I don’t feel ready, should I ?

I don’t want to sell a significant % until over $50,000. I planned this perfectly to come in 2021/22.

WTF is going on?

Bitcoin is tricking us again to screw all our plans. Get over it.

[1714113846]

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[1714113846]

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[1714113846]

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[hodl_2015]

Anybody starting to feel a bit sick/anxious about this rapid rise?

We are still less than 1.5% per day, over the last 30 days. 1% .. 2% is pretty normal.

[bitcoinPsycho]

[bitserve]

From what I hear, he went AWOL and became a bcasher

N0000000000000000000000000000000000000!

Tis a shame, but we'll remember the good Adam at 32K, and not the lost soul he became.

You think he really sodl all his Bitcoins for Bcash? I hope he didn't and he is just living a wealthy life somewhere.

[machasm]

We are moving at a rate that is just fantastic.
So quick in fact that we can't even keep up with our avatars or memes.
Come on gentlemen, more meaningful memes please.
Oh and have a glorious weekend.
Thank you.

[olseh]

Anybody starting to feel a bit sick/anxious about this rapid rise?
I don’t feel ready, should I ?

I don’t want to sell a significant % until over $50,000. I planned this perfectly to come in 2021/22.

WTF is going on?

Yep I'm feeling a bit uneasy too! But at the same time, fuck it's nice!

[mindrust]

Ok, shit is getting serious. And I have to prepare for the next real run. Want to cash out 50% @$50k. My Bitcoins are on a paper wallet. And I yet did not redeemed my Bcash and other forks. I need advice what wallet is recommended these days for Bitcoin, Bcash, BSV, BGold and all the other forks I get after redeem my Bitcoins.

You do realise that you ABSOLUTELY MUST move your bitcoin’s to another wallet before you claim the forks, right?

I’m sure you do but please do not try & claim BCH when your bitcoin’s are still in said address.

Regarding claiming -

BCH - Electrum Cash
BTG - I think I used Coinimi

Edit - Just import your private keys into the above wallets, simple.

BSV, I didn’t have any as I spent all my BCH.
There are a load of other shit forks you can claim on Coinimi too.

Import your priv keys into electrum and always move your coins to a different private key before you claim anything.

I believe bcash has its own electrum version. You can try it.

No idea about BSV and bGold. Did bgold long time ago.

+1 Merit to mindrust & LFC for trustworthy, good advice to Underdog.
Somebody help me out, I have 0 sendables.

Thanks!

But you sure its a good idea to leave this stuff on your laptop? I use a Macbook Pro. What if it gets broken, got stolen or something else?
I thought you guys would recommend me Ledger or so.

You can always extract your private keys from electrum, write them down (paper wallet style), delete your wallet files/format your PC.

I use electrum just like this.

No HW wallet here.

[mindrust]

Anybody starting to feel a bit sick/anxious about this rapid rise?
I don’t feel ready, should I ?

I don’t want to sell a significant % until over $50,000. I planned this perfectly to come in 2021/22.

WTF is going on?

Now you understand what I meant back in the day when I was crying for it to drop lower. (or stay lower) 

I felt this exact same feeling when BTC popped to 8k.

I thought I was going to have at least another year to collect cheap Bitcoins, DCA happily to 10+ coins.

But fuck no.

It was only 3-4 months. A small walk in the park and straight back to moon mode. Not that I am angry, I am happy. It was just not what I was expecting.

[Raja_MBZ]

$11111. Impressive.

TBH, "breaking" $10k ain't going to be easy. It's a very strong number:

-Back in February/March 2018, it acted as a support.
-From March 2018 to May 2018, it acted as a strong resistance, and BTC was ultimately rejected at near to $10k.
-Psychological resistance (the round number).

My guess is that we're going to stay below $10k for a while (for a couple of months) and then break it. Till then, we'll keep on touching it again and again and face rejections.

YMMV..,,,,,,,,

In other words, sucks that you are quite likely to be wrong and underestimating our current location and momentum.


 

I hope I'm underestimating the current momentum but...

Okay, so I was totally underestimating the momentum that we've gained in the past few months. This is amazing, bitcoin going beyond my short-term wildest expectations so easily, awesome!

~snip~

How much do you charge for this amazing forecast?

Charges: Zero dollars
Guarantee: Zero percent

[gembitz]

12k timberrrr    BTI what?

[Krubster]

This is the perfect time to hear everyone's regrettable sells.

In the dumbshit column: I bought a monthly subscription to some worthless shite for the sum of .025 btc at $313.30 in Nov. 2013. Was in regrets when it went to $1000 on MtGox later in the month. So, .025 x 12 = 0.30 btc or $93.99. Now, however = ~$3,174.00

Sheesh!

Dont sweat it bro. No one could have known what the price would have been today.

I bought a 0.5 ounce gold coin for 60 btc back in 2012, thinking i was genius during the $266 rally.

In 2013 I dumped 100 btc in the Silk Road crash, thinking the bitcoin experience was over.

I lost a bunch load of btc in the MtGox debacle.

I don't know what my point is, but I guess we have all have made mistakes in our early bitcoin encounters. My recommendations to all the newcomers is; HODL.

 

[gembitz]

Anybody starting to feel a bit sick/anxious about this rapid rise?
I don’t feel ready, should I ?

I don’t want to sell a significant % until over $50,000. I planned this perfectly to come in 2021/22.

WTF is going on?

my team is pumping it now    choo choo

[pereira4]

Ok, shit is getting serious. And I have to prepare for the next real run. Want to cash out 50% @$50k. My Bitcoins are on a paper wallet. And I yet did not redeemed my Bcash and other forks. I need advice what wallet is recommended these days for Bitcoin, Bcash, BSV, BGold and all the other forks I get after redeem my Bitcoins.

You do realise that you ABSOLUTELY MUST move your bitcoin’s to another wallet before you claim the forks, right?

I’m sure you do but please do not try & claim BCH when your bitcoin’s are still in said address.

Regarding claiming -

BCH - Electrum Cash
BTG - I think I used Coinimi

Edit - Just import your private keys into the above wallets, simple.

BSV, I didn’t have any as I spent all my BCH.
There are a load of other shit forks you can claim on Coinimi too.

Import your priv keys into electrum and always move your coins to a different private key before you claim anything.

I believe bcash has its own electrum version. You can try it.

No idea about BSV and bGold. Did bgold long time ago.

+1 Merit to mindrust & LFC for trustworthy, good advice to Underdog.
Somebody help me out, I have 0 sendables.

Thanks!

But you sure its a good idea to leave this stuff on your laptop? I use a Macbook Pro. What if it gets broken, got stolen or something else?
I thought you guys would recommend me Ledger or so.

You can always extract your private keys from electrum, write them down (paper wallet style), delete your wallet files/format your PC.

I use electrum just like this.

No HW wallet here.

For cold storaging big amounts there's something terribly wrong about putting your money in a seed which can spawn your current and all future ever bitcoin addresses. Key derivation is a thing. Good ol wallet.dat dodges that, however you have the annoyance of having to store it, losing it, forgetting passwords... but that is a thing everywhere else.

IMO Electrum is just for temporal stuff, not perma cold storage.

Weekly close looks very ugly and points to a trend reversal.

We might revisit 6k range in the coming weeks/months.

We might and we might not, lol.

Im more on the bearish side right now.

65% going to 6k vs 35% going to 9k.

Im looking for a short entry here.

Could be.  Your odds seem in the ballpark of reasonable, even though I continue towards 50/50 thinking because I hate to make any bets in the way that I approach my BTC holdings (which I prefer to assure that I am adding to my reserves, rather than gambling that I may or may not add to my reserves).

Anyhow, I merely buy if the BTC price goes down and sell if the price goes up.  Seems safe, no?

In this case, I have already sold all the way up to $9k, so in recent times I have been put into buying mode, so my buy orders have been executing as the BTC price has been going down. 

Seems to work a lot better than trying to guess, and even if I were to have more confidence - such as something above 60%, which you seem to have, and even if you are guessing in a kind of reasonable way, to me, it seems as if you are betting too... because one thing is to close a long by selling a little bit of BTC, but another extra risk is to add leverage onto the situation by entering into a short position (which is what you said that you are doing)... too scary for me, and too much gambling for my risk tolerance temperament in terms of my preference to preserve what BTCs I have worked so hard to accumulate over the past 5.5 years.

That slow buying is easy, however slow selling is more problematic, especially since some coins you bought 5.5 years ago, although it depends on whether you use FIFO or LIFO accounting (the latter is simpler, but maybe less common). FIFO would guarantee at least long term cap gains status, which is much lower in US vs short term gains that are taxed by your tax bracket.

In addition, in a case of an old coin sell, properly splitting off at least 3, maybe 4 meaningful forks is also an annoying task.

I can't imagine how much of an exercise in insanity it must be trying to explain some normie boomer accountant/gov officer how you had this thing called bitcoin, which some fucktard decided to explit in something bitcoin cash of which you received an 1:1 amount, which some fucktard decided to split in something called bitcoin satoshivision which you received an 1:1 amount... and so on for all other forks.

The nightmare of taxes is a great motivator in basically never selling a single sat.

[mindrust]

Ok, shit is getting serious. And I have to prepare for the next real run. Want to cash out 50% @$50k. My Bitcoins are on a paper wallet. And I yet did not redeemed my Bcash and other forks. I need advice what wallet is recommended these days for Bitcoin, Bcash, BSV, BGold and all the other forks I get after redeem my Bitcoins.

You do realise that you ABSOLUTELY MUST move your bitcoin’s to another wallet before you claim the forks, right?

I’m sure you do but please do not try & claim BCH when your bitcoin’s are still in said address.

Regarding claiming -

BCH - Electrum Cash
BTG - I think I used Coinimi

Edit - Just import your private keys into the above wallets, simple.

BSV, I didn’t have any as I spent all my BCH.
There are a load of other shit forks you can claim on Coinimi too.

Import your priv keys into electrum and always move your coins to a different private key before you claim anything.

I believe bcash has its own electrum version. You can try it.

No idea about BSV and bGold. Did bgold long time ago.

+1 Merit to mindrust & LFC for trustworthy, good advice to Underdog.
Somebody help me out, I have 0 sendables.

Thanks!

But you sure its a good idea to leave this stuff on your laptop? I use a Macbook Pro. What if it gets broken, got stolen or something else?
I thought you guys would recommend me Ledger or so.

You can always extract your private keys from electrum, write them down (paper wallet style), delete your wallet files/format your PC.

I use electrum just like this.

No HW wallet here.

For cold storaging big amounts there's something terribly wrong about putting your money in a seed which can spawn your current and all future ever bitcoin addresses. Key derivation is a thing. Good ol wallet.dat dodges that, however you have the annoyance of having to store it, losing it, forgetting passwords... but that is a thing everywhere else.

IMO Electrum is just for temporal stuff, not perma cold storage.

You can generate your Keys from Bitcoin Core wallet. You can't get more secure than this if you are not OK with electrum's key generating algo. You don't even have to sync it. (or be Online)

Use exportprivkey command and again store it. Same logic applies.

IMO you can't get anything safer than a offline generated Priv key by Bitcoin Core software. From that point It is all about how you store that piece of paper. Shouldn't be that hard.

[VB1001]

I have returned from eat and we are at +11100, i am glad.

[pereira4]

Ok, shit is getting serious. And I have to prepare for the next real run. Want to cash out 50% @$50k. My Bitcoins are on a paper wallet. And I yet did not redeemed my Bcash and other forks. I need advice what wallet is recommended these days for Bitcoin, Bcash, BSV, BGold and all the other forks I get after redeem my Bitcoins.

You do realise that you ABSOLUTELY MUST move your bitcoin’s to another wallet before you claim the forks, right?

I’m sure you do but please do not try & claim BCH when your bitcoin’s are still in said address.

Regarding claiming -

BCH - Electrum Cash
BTG - I think I used Coinimi

Edit - Just import your private keys into the above wallets, simple.

BSV, I didn’t have any as I spent all my BCH.
There are a load of other shit forks you can claim on Coinimi too.

Import your priv keys into electrum and always move your coins to a different private key before you claim anything.

I believe bcash has its own electrum version. You can try it.

No idea about BSV and bGold. Did bgold long time ago.

+1 Merit to mindrust & LFC for trustworthy, good advice to Underdog.
Somebody help me out, I have 0 sendables.

Thanks!

But you sure its a good idea to leave this stuff on your laptop? I use a Macbook Pro. What if it gets broken, got stolen or something else?
I thought you guys would recommend me Ledger or so.

You can always extract your private keys from electrum, write them down (paper wallet style), delete your wallet files/format your PC.

I use electrum just like this.

No HW wallet here.

For cold storaging big amounts there's something terribly wrong about putting your money in a seed which can spawn your current and all future ever bitcoin addresses. Key derivation is a thing. Good ol wallet.dat dodges that, however you have the annoyance of having to store it, losing it, forgetting passwords... but that is a thing everywhere else.

IMO Electrum is just for temporal stuff, not perma cold storage.

You can generate your Keys from Bitcoin Core wallet. You can't get more secure than this if you are not OK with electrum's key generating algo. You don't even have to sync it. (or be Online)

Use exportprivkey command and again store it. Same logic applies.

IMO you can't get anything safer than a onffline generated Priv key by Bitcoin Core software. From that point It is all about how you store that piece of paper. Shouldn't be that hard.

Im not familiar with Electrum, I just remember reading something about key derivation. So if you export a private key generated within a full bitcoin client (let's say Core) and you import it within Electrum, and you use the Electrum seed to spawn your wallet, this imported private key from the wallet.dat will not show up? If yes, then I would still be paranoid of seed bruteforcing. There's something about Electrum that wouldn't allow me to sleep at night with any relevant amount of money in there.

[LFC_Bitcoin]

my team is pumping it now    choo choo

[rdbase]

my team is pumping it now    choo choo

Just sit back and enjoy the rise of the bitcoin.
The wolves at grayscale are so why not us hodlers which alot less then they have accumulated in the past few years?

[gembitz]

my team is pumping it now    choo choo

all abroad!!    weeee

[gembitz]

my team is pumping it now    choo choo

Just sit back and enjoy the rise of the bitcoin.
The wolves at grayscale are so why not us hodlers which alot less then they have accumulated in the past few years?

$GBTC has NOTHING to do with this gogo libra lel