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

[JayJuanGee]

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?

Didn't you say that you were pee pare, this time?

[VB1001]

The Federal Reserve could be helping Bitcoin to 100k

Many factors are contributing to Bitcoin’s renewed trajectory towards its USD 100,000 target. One of them is increasingly gaining prominence: The U.S. Federal Reserve.

https://bitcoinist.com/the-federal-reserve-could-be-helping-bitcoin-to-100k/

Lately, 100k is in the mouth of many people, maybe we are entering FOMO too fast...

[JayJuanGee]

$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!

yeah.... regarding momentum, it is just a feeling anyhow. I mean she gets going and she really does not want to stop or pause.

Furthermore, usually we are going to keep going up until we stop, and then we get a decent sized correction down before we consolidate.  In that regard, we are not going to go up and then merely consolidate at the upside spot.  That would be unusual.  Usually there would have to be some down first before consolidating.

Accordingly, now it would not be unreasonable to correct down to $9k and then consolidate for a while somewhere in the $9,500 region... but who knows?  Bitcoin might not be done with its UPPITY, yet. 

Doesn't matter to me, either way...

In other words, feels good man, either way for me.

[hodl_2015]

[....]
Furthermore, usually we are going to keep going up until we stop, and then we get a decent sized correction down before we consolidate.  In that regard, we are not going to go up and then merely consolidate at the upside spot.  That would be unusual.  Usually there would have to be some down first before consolidating.

Accordingly, now it would not be unreasonable to correct down to $9k and then consolidate for a while somewhere in the $9,500 region... but who knows?  Bitcoin might not be done with its UPPITY, yet.  

It would not be unreasonable, but if I look at the order book (stamp) I see a lot of people gambling that it will go below $10k, but also a lot of people not taking that much risk and betting on just above $10k. I think so many people are betting on a correction that it won't happen. ever.
It is possible that a large holder dumps the price below $10k, but with all the people around that are waiting for this, it would be very short dip, with the bottom being the last sell of this large holder. There is no profit in a move like that.

We will see what happens, but I'm not gambling on a correction in the current situation.

[BinaryReign]

Greetings fellow Wall Observers.

I found myself with some extra cash, and want to get more bitcoin with it. My problem is for a couple days now I think “I’ll just wait for a dip”,.. but nothing considerable ever comes, even on Sunday. I was hoping for $7,800, then $8,200, then $8,800

Now I’m starting to feel like I should just FOMO buy. However, in the past whenever I’ve done that, the dip happens right after I buy.

So

It doesn’t seem like I should wait much longer, but should I? What is a good target price I should try to buy at? Today? Tomorrow? Help? Thanks in advance 

So did you buy soonish as I suggested (along with someone else)?

Yep, sure did.
The next morning price dipped a tiny bit and I was lucky enough to get a buy order filled at around $9,100.

HODL mode in progress 

[JayJuanGee]

Anybody want to help him out?  Pick one
-snip-

You are a dog-lover, aren't you?

  You guessed it!  I went to at an off-leash dog park in Bucuresti last year without a dog.  I petted and talked to most of them but my favourite that day was a Rhodesian Ridgeback (first time I had ever seen one irl) he was really friendly too.   I had a difficult time trying to leave the park through the gate because I had my own little pack following me around after an hour or so and they wanted to come with me.

 I like cats too but I'm so allergic that just being in the vicinity of a cat owner causes me a lot of discomfort.  I feel it in my eyes first, then my sinuses/head, my skin will start to burn if I've been sweating and if I don't get away from it, my lungs react.  It sucks.  I took injections for two years which lessened the severity of my reaction but it's still something I prefer to avoid.  

A, ha! That's why you put me last on the hat-making list: You're allergic to me.

 While that may be true, I've been trying to find a good copy of those steampunk glasses the cat is wearing for quite some time so I could put them on a hat... while experimenting with glasses on hats, I accidentally created a hat that was JJG personified so I had to give it to him  Still searching...

Exactamente!!!!  I was the beneficiary of surplus value, timing and luck.      Thanks Homer.

^It's me, isn't it.

you are hardly a drama queen.. you are one of the most sensible peeps I ever did meet on the interwebs.

I feel like you are the grown up in our cyber relationship.


 

 Inside I am still an child though I am past the "why" stage.

hahahahahaha

[elrippos friend]

GOOD MORNING!
Rise and shine family!
Observing 10745!
Or 18.45 BTC per Lambo!



Lamboindex.com
Where is Gyrsur?

Laughing my ass off 

[kurious]

Sunday Haiku Day
We must try not to forget
Short BTC poems.

'Short Bitcoin poems' would have been syllabically correct

[JayJuanGee]

What ever happened to Adam?

He got tired of being abused for his heretical thoughts, and left for The Forum That Shall Not Be Named.

Good.  We have only so much tolerance over here for whiny BIG blocker bcasher nutjobs.

I liked him a lot though, before he caught the crazy bug.

[LFC_Bitcoin]

Sunday Haiku Day
We must try not to forget
Short BTC poems.

Wake Up Sunday
Morning Wood
Bitcoin Price Is Good

[serveria.com]

GOOD MORNING!
Rise and shine family!
Observing 10745!
Or 18.45 BTC per Lambo!



Lamboindex.com
Where is Gyrsur?

Laughing my ass off  

You shouldn't as you'll see the number starting with 0, there soonish

[JayJuanGee]

And then I Immediately hit a JJG post.

SHIT!

Yeah... who needs that? 

Why don't you just skim those damned "JJG posts"?

[nutildah]

Sunday Haiku Day
We must try not to forget
Short BTC poems.

'Short Bitcoin poems' would have been syllabically correct

Right, I guess po-ems
Is 2 syllables, not one
As Homer said, "Doh!"

[JayJuanGee]

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.

This fictitious group that you created of persons who supposedly bought between $13k and $20k don't really exist in the state that you describe them (except perhaps as a kind of unicorn).

But I get your point.... and it may be true in some cases that there are some people whose portfolios are in the red that might start to become more optimistic as BTC price rises and their portfolio gets back into the black.

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.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

That's something like what I am trying to say.

[Globb0]

Golly Mic

you folks sure eat a lot of carbs

I remember when I could do that...and drink...sigh

1 more day till my first month of Keto is complete 16 3 to 14 7 so far, so good.

[Globb0]

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...  

A month does sound cool

[LFC_Bitcoin]

Golly Mic

you folks sure eat a lot of carbs

I remember when I could do that...and drink...sigh

1 more day till my first month of Keto is complete 16 3 to 14 7 so far, so good.

Saw a Porsche yesterday when I was getting a coffee - car registration was G1 OBO - I tried to get my phone out quickly to take a pic but it drove off.



Are you UK based, was it you?

[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...  

A month does sound cool

Too much for my almost-40yo health...    we'll fuck and drink ourselves to death there....  

[elrippos friend]

GOOD MORNING!
Rise and shine family!
Observing 10745!
Or 18.45 BTC per Lambo!



Lamboindex.com
Where is Gyrsur?

Laughing my ass off  

You shouldn't as you'll see the number starting with 0, there soonish

I personally do not think that this effect will be "soonish" if you intend to define soonish in the next 365 days, but eventually this will be the case for sure 

[NeuroticFish]

to get out of the valley we need to overcome 12K

Now there is a section of negotiation in 10.5K and 11.5K (strong resistance) that the brave can take advantage of the movements to obtain some benefit, but my option is HODL.

HODL is is clearly the best option. Clearly, Bitcoin will rise more, sooner or later.
But short term movements are interesting too. Will keep my eyes at the 12k mark, let's see if it'll fall (until) tomorrow.  

Or 18.45 BTC per Lambo!

1 BTC/Lambo is so far anymore. Maybe Christmas? Or I wish too much?