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

[serveria.com]

Meanwhile, Bel Air mansion could easily become a venue for the 100k party. Who needs Vegas when you have this:

https://www.businessinsider.com/most-expensive-lease-los-angeles-mansion-for-rent-price-photos-2019-6

Fill it up with booze, hoes and blow and it's ready for the ultimate party!  

Champaigne pinball machine looks cool too

$1.5m per month but I guess we could negotiate and rent it for 1-2 nights...  

[1714058351]

1714058351

[serveria.com]

via Imgflip Meme Generator

Sorry bro’s out with my brother, up for a Classic?

Rose talking back At me f***

This is getting interesting... what's next? A dick pic? 

[Searing]

I dunno guys, I think it's going all tulips on us.

Don't break my dream. Of course, it may go Tulips! That is how most of my guess/endeavors in my life have gone. Tulips.

I'm hoping for a break in that trend and Bitcoin and Crypto with all its varied colors and interactions pulls something out that has value and purpose and worth.

But yeah, Tulips is a possibility.

My view of Tulips now, vs 2013 no longer is down to ZERO in price, I figure as 3 broad options below:

(1) I'm  99% sure it will not go to zero and full tulips.*unlike 2013*. Thus my first guess is at worst, BTC will go down to say $3k and go sideways at a 'bit' better rate than gold. Say 2x the

amount of what Gold is worth more or less. On the supposition that this tops out as BTC's natural level of adoption. Then from this point on, would grow more like a traditional investment.

that is if all the FUD'ster's are correct. This is as bad as I can see it going, more or less, tulip wise. Thus this is the BOTTOM of my expectations.

(2) BTC stays say around the present,  at $10k having met its niche and adoption in the world as per, as I say FUD and pushback. Thus also from this point onwards acting more in

growth like a traditional investment. Not as great as I'd like, but likely a lot better than I ever would have expected BTC to do in 2013 when I got into this.

(3) BTC goes parabolic again. 7x to 14x the $10k rate because it has NOT met its adoption needs worldwide yet and is indeed revolutionary. This has been kinda a
 
the pattern in the past. This still is my 'speculative' bet on bitcoin. I think it is at 87% of all Bitcoin has already been mined. Thus if this 3rd option is true, this right

now is some 'pretty' big prices left to obtain or going to be really valuable virtual real estate at only 21 million coins, of which 87% are now in existence for the purposes of BTC.

But, hell, I've been in this since 2013.

So in my case, even my first (now revised version of tulips) option above is still pretty good as a result of when I got into this. I mean even that from when I started would be remarkable.

I mean, I got into mining in 2013, rather than put up my old bbs game server up again and lose $60 in electric a month running it. Yes indeed, I was that frigging bored.

With a Bitcoin miner, I could pay for the electric with the coin as I went along and MAYBE just before the miner became a doorstop, due to difficulty, I'd have 4 or 5 months of my house

utilities paid in FULL! This before I'd have to shut the miner off as not working to make me BTC anymore. Also, being a fine fellow, it was promoted at the time to help the new micro-lending

in India projects back in 2013. So yeah, I'm still surprised indeed. Like ever frigging day since I turned my 1st BTC miner on! Oct 18th, 2013!

Anyway, those are my current (as of today) fears/dreams/expectations in 3 parts.

Not that I know zip. But at least I feel the boogie man of full TULIPS is no longer in play. Bitcoin has been here for 10 years

so I feel it can never be completely worthless at this point. So all the above 3 steps go from my worst case to my best case 1-3. That is my line in the sand of what my expectations are!

We will see. Chumps or Champs, we will be the first to know!

Brad

[rdbase]

https://www.coindesk.com/bitcoin-price-rally-stalls-as-open-futures-hit-record-highs
So I took two charts right before the break out from sub $9500 all the way up past $10,000 then another of the fall from $11,200 down to under $10,300 again.


So tell me while looking at them side by side, do you see steady grown and is this sustainable until the next news creates more fomo?
One a green candle straight up and the other a red dagger falling. You decide.

[hodl_2015]

This is getting interesting... what's next? A dick pic?  

opsec. If Facebook AI worked on more than just faces, do you think they would tell anyone about that?

edit: Wait, I just figured out how libra can enforce fixed exchange rates.

[JayJuanGee]

My starter number is $50k.

Not going to dump all at that price point but I'll slowly be giving them away. 1 coin for every $10k till $100k sounds alright.

After all those years I believe reverse DCA'ing will do good to me as it did while collecting the coins.

I am not tight enough to wait for $100k

and

I know I'll be missing a lot If I dump all at $50k.

DCA= Best of both worlds. Works both ways.

P.S. $10780 Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

I don't have any real issue with you having a plan to dump some coins every $10k between $50k and $100k, but you might want to reconsider what is your remaining stash by the time we reach $100k (assuming that we reach $100k), and I would suggest that you plan attempts to retain at least 20% of your original stash, once we reach $100k... something like that.

[JayJuanGee]

... words...blue in the face...

.

Something wrong with that, jo squared?

[HairyMaclairy]

Possible bull flag break out.  Look out above.

[jojo69]

Well guys, going out to play a show in a town a couple hours away.  We're taking all the GFs and spending the night up there with brunch and leisure activities in the morning.

I'll be away for 24 hours, do try and not break Bitcoin while I'm out.

[Hueristic]

Why do people sell when it's down??

I just totally don't get that.

Overextended.

HEY,I'm only behind 292 posts!
...
..
.
FUCK

[d_eddie]

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.

@deathangel - mindrust does it again. Bitcoin mechanics in pills.

Come on gentlemen, juss' one merit pleease...

[Hueristic]

Why do people sell when it's down??

I just totally don't get that.

Overextended.

HEY,I'm only behind 292 posts!
...
..
.
FUCK

Some folks are very confident that it crashes after it goes over 10k and selling their coins. Risky risky...

I’m selling nothing until $20,000. Might off load 10% then.

Huh LFC?  Even you should know better than that.

Let me attempt to confirm a certain price dynamic with you.  

You realize that $20k is a kind of no-man's zone? or no selling your bitcoins zone?

Sure, of course there could be a bit of faking out in that price area, and maybe bitcoin prices might get stuck in that area for a bit of time, but really the odds of correcting downwards from there in any kind of meaningful way should be pretty damned low.  

So if you mare a bit worried that there might be a long correction then you should sell some BTC at below $17,500 or above $24,000-ish... Not in the $17,500 to $24,000 ish range...  Of course, anything can happen in bitcoin, so you have to be prepared for anything, but generally, there are going to be zones such as previous ATHs that are not really going to be areas in which BTC's price would be stuck for any meaningful length of time (relatively speaking).. especially, once on the way up and returning to those prices  - and likely shooting past.

Hopefully, you can figure out some kind of selling plan that is more realistic than to time any meaningful sales in that "no man's" zone.

Observing - $9,782.

Looks like we’re going up again. If I was a betting man, which I am.... I’d definitely say we’re going to break $10,000 this weekend.

I would like to go sideways for a bit though, I really don’t want a meteoric rise & flash crash. At this rate we’re going to see a new ATH BEFORE the halving.

Like I said, be really good to slow down a little.

Yeah, but what if she does not want to slow down?  And buy support is sufficiently following this uptrend based on mere dynamics of retracing territory in which we have already been.. and accordingly, $20k was NOT as BIG of a blow-off top as some of the bears and the BTC naysayers would like you to believe?

I do agree that there is some healthiness in pausing and pulling back a bit, here and there, but pulling back does not seem to be a necessary condition in something like bitcoin, in which many folks (including smart money) realize that it is the "real deal," and accordingly, they have a decent amount of desire (and even ability to do so) to attempt to front run the next parabolic price move.

Don't get me wrong, I remain prepared for any of the three directions, but I don't buy any of the arguments that seem to rely too much on assertions (meaning they put too much weight into such assertions) that we have to go down before we are capable of going further up.  

I’m more than prepared, I’m sitting on a stash of BTC just waiting to get rich

All I mean when I say I’d like to slow down a bit is really that I’m worried we’re going too fast & I fear a massive crash like last time.
If it keeps going up with little retrace & we hit $100,000 by 2022 I’ll be the happiest man in the world.

I get you... I get you.

No one wants the thing to go up in such a quick way that it is NOT sustainable and then it seems to crash down more than it would have likely crashed down, if it were not for the overzealousness in BTC buying.  

I get it.. I get it...   But what the fuck can we do about it... I mean, I don't really want to criticize you for stating a preference, but you also have been around the block so many times that you likely understand that BTC does not give two ratt's asses what you would prefer, and sometimes the out-of-control just has to play out... The out of control plays out both upwardly and downwardly.  Of course it is a bit more comfortable when it plays out upwardly because us HODLers are getting richer, overall.

So, yeah, we know that the more that the BTC price gets heated, the more likely we are going to suffer at some point in the near future with a correction.. and perhaps even  a correction that makes us quite a bit more uncomfortable than we would prefer to feel.

But at the same time, that is bitcoin.  Our little friend bitcoin seems to overdo matters on a regular basis, and we cannot do shit about it, except attempt to prepare ourselves financially and psychologically for a kind of inevitability.  

In other words, we can wish until we are blue in the face that maybe bitcoin could slow down a bit and to act a bit more gradual and grown up... but she is not grown up.. and she is not gradual.... (at least not during times like these), and there's gotta be some way that we just have to figure out how to accept the situation.

I also understand that you have been engaging in a bit of a practice that involves a certain amount of over-investing into BTC, and so that way you are going to feel a lot better to get rid of some BTC at various stages on the way up.. rather than if you had been more conservative in your BTC investment, then you might be a bit more reluctant to give up any amount of BTC as the prices go up.. which seems great.. they are going up and up and up...

which feels good man.

Shave off .1BTC here or there, might make you feel a bit better too.. especially when the price is going up so god damned much... and even if the price does not come back down, sometimes it can feel good to create some downside insurance by shaving off a bit of BTC, here and there. ... even though  your BTC holdings might end up being only 98.36 rather than 100 or whatever damned round artificial and psychologically restraining random number that you have imposed upon your own psyche.

Yeah, I have been shaving off BTC from my holdings since April 1 and thereafter at $4,200, and yeah, I am not likely to get too many of those BTC back.. but I don't care.... and yeah, I was able to buy back some with a few of the significantly sufficient BTC price corrections that we had between $4,200 and $10,916... but there were only a few of those corrections that were in the 15% to 25% range and the remainder of them were even less that allowed me even less opportunity to buy back... but even though I could have had more BTC, I have found a kind of amount in which I continue to be comfortable to continue to shave off that value and to have the fiat from those BTC available in the event that BTC's price goes back, down (and it may well not go back down....... and I am ok with that)...

even shaving off coins... I still feel damned rich... feels good man.

So gotta find some area of comfort.. what is that area of comfort?  How is that area of comfort different for different guys... ?  Main thing is to find a comfort area that works to settle you, even when BTC's price is acting a bit out of control.. on the upside this time, which still remains a bit stressful.. I get it.  I get it.

And then I Immediately hit a JJG post.

SHIT!

[Theoak*]

Don’t ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

[Krubster]

Dear WO gentlemen,

I'd like to introduce myself. I'm a long-time lurker. I've been reading this thread on and off since 2012. I do have an account from that year, but I lost access to it after the bitcointalk database breach. I don't care though. I was a nobody here then, just as I'm a nobody here now. I probably didn't have more than 10 post anyway. Like I said, I'm more of a lurker.

I'd just like to chime in and say thank you to all you WO participants. I really enjoy reading this thread. Reading about the rare TA, getting a rough feeling of the market sentiment, or just reading about the everyday WO drama.

What about me? Got my eyes open for bitcoin in 2011, but I thought I was too late in the game, so I never bought any at that time. I eventually pulled the trigger the following year and bought my first and only bitcoins at around $10. Even though I've lost or sold 90% of my initial holdings, I'm really fortunate. Bitcoin has defined my life. I'm in my late 30s and I am retired since a couple of years back, living my dream. All thanks to bitcoin.  

Once again, thanks. I really I enjoy 'lurking around here'. Keep it up, cheers gentlemen.

[El duderino_]

[img]https://i.imgflip.com/3431mt.jpg[/img height=77]via Imgflip Meme Generator

Sorry bro’s out with my brother, up for a Classic?

Rose talking back At me f***

This is getting interesting... what's next? A dick pic? 

Full screen not allowed.....

[CryptoNeed]

[img]https://i.imgflip.com/3431mt.jpg[/img height=77]via Imgflip Meme Generator

Sorry bro’s out with my brother, up for a Classic?

Rose talking back At me f***

This is getting interesting... what's next? A dick pic? 

Full screen not allowed.....

No full screen needed for his wiener. He may be short, but he is super thin!

[d_eddie]

Yefi also has a Bitcoin Mechanics day, it seems. Pereira asking the questions again. At times I wish a merit source. Already asked for help, haven't I. Well whatever, both are legends already.

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.

The seed is just another way of representing a random 128-bit number. You'll have about as much luck bruteforcing that as a private key.

Keyword: a key. It would only take getting lucky once to get all of your money. With a wallet.dat you would need to go address by address. Who knows what those fuckers have in store when it comes to quantum computers within a couple of decades. Plus any mistakes on your part leading to key derivation exploits... yeah no thanks. Electrum seems like a bad idea for serious cold storaging.

The security of Bitcoin derives not from having many keys, but from having strong keys to begin with. The point at which randomly generated private keys become vulnerable to folk "getting lucky" we have a massive problem on our hands.

By the way, Bitcoin Core since like 0.13 I think has used deterministic wallets, so all your keys in wallet.dat are derived from a single master key now.

IOW, basically the same number of bits to crack - by sheer luck or quantum wizardry - as Electrum. If someone feels unsafe, they could divide the funds into multiple wallets, Core or Electrum or a mix (I'd keep it simple. Security by obscurity is bad anyway). Each wallet has its own master key or word sequence. The word seq can be seen as a master key in longer, human form.

Ideally, if you compress the sequence as hard as you can, the binary zip you are left with behaves much like a binary master key in Core style. The inverse process - from Core key to seed - isn't actually available that I know of, but it is entirely possible, easier if you're allowed some slack when "unzipping" - an extra word or something.

[Hueristic]

Dear WO gentlemen,

I'd like to introduce myself. I'm a long-time lurker. I've been reading this thread on and off since 2012. I do have an account from that year, but I lost access to it after the bitcointalk database breach. I don't care though. I was a nobody here then, just as I'm a nobody here now. I probably didn't have more than 10 post anyway. Like I said, I'm more of a lurker.

I'd just like to chime in and say thank you to all you WO participants. I really enjoy reading this thread. Reading about the rare TA, getting a rough feeling of the market sentiment, or just reading about the everyday WO drama.

What about me? Got my eyes open for bitcoin in 2011, but I thought I was too late in the game, so I never bought any at that time. I eventually pulled the trigger the following year and bought my first and only bitcoins at around $10. Even though I've lost or sold 90% of my initial holdings, I'm really fortunate. Bitcoin has defined my life. I'm in my late 30s and I am retired since a couple of years back, living my dream. All thanks to bitcoin.  

Once again, thanks. I really I enjoy 'lurking around here'. Keep it up, cheers gentlemen.

This thread can certainly become an addiction!

Only behind like 250 posts now.

Shit, half the time I just read this thread and don't even check the price.

[d_eddie]

Thanks lightfoot   

[realr0ach]

Trollbian, do you think the racism against the spade rudder is justified?