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

[JayJuanGee]

JJG you just replied to yourself?

Hahahahahaa..

I will go back and clarify... thanks for pointing that out...

I do criticize peeps for quoting themselves excessively and there you go, I appear to have been attempting the same...     

Its just another JJG user.... don't mind that, bot taking over bot etc  

Oh my,,,, your team seems to be devolving with each post, mic. 

Are you sure that a shift change might not be in order?  or maybe some of that HODLnap?

[1713872040]

1713872040

[1713872040]

1713872040

[1713872040]

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[1713872040]

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[Biodom]

@JJG

I was a lot worse in 2014 as we were slicing downwards like a knife through hot butter. I invested £xx,000 of my hard earned fiat & I thought for a long time that I’d seriously fucked up (obviously I’ve been buying ever since but my maximum fear came in 2014).
Obviously that all turned out well & I’m sitting on huge profits atm, more than I could ever achieve in life anywhere else probably.

Anyhow, I felt that I had been making decent investments all of my life, but I tended to invest in index funds and things like that and also I tended not to venture out too much, but even before I had gotten into bitcoin in late 2013, some of my investments had gone up 30% or more in some years, and did not perform as well in other years, but still overall I was ONLY getting a return of an average of about 6% per year, and I have not completely gotten rid of those traditional investments (many of them index funds that are tied into 401ks), but they still are only returning in about an 6% per year average.

So, I figured that even if bitcoin returned a bit less than 6%, at least it seems to have a decent sized asymmetric bet component that also allows a hedge against my dollar investment and nothing else had even come close, even though I used to consider that gold could be in the hedge category, but not necessarily in the asymmetric category.

So, anyhow, it seems to me (and you seem to recognize it too) that largely, historically regular pleebs did not tend to have access to these kinds of investments.

I have a very similar story-a good IRA+regular account, was not satisfied with the fact that we have very limited investment opportunities there (no private companies, etc.)
I fully realized it when FB went public at 100-120bil valuation (BTW, AMZN only at $1 bil, but in a better time for regular investors).
There were literally dozens of funds which "feasted" on FB from a few mil to 120 bil.
I thought that it is a good time to start looking at asymmetrical deals and bitcoin was the first and the largest by far. I dabbled in others, to a limited degree (call it a hedge).
That said, I feel quite holistic about it. By selling a small part, I might be widening the circle, hopefully.

TL;DR bitcoin investment is like a private equity deal on a very promising venture. You can never get these (in bulk), unless you are Bono, lol.

[JSRAW]

Last time pre-BULL run, Zimbabwe also was in front with high price I think they traded 12K+ or someething when the rest was trading around 8K and neveer even saw 10K

Is this a sign

Yeah, Zimbabwe followed by Korea, Japan if i am not mistaken.

Btw Just 2 sell orders of $76k, enough to publish articles for writers  . no one in right mind going to click buy button, with this kind of premium we need couple of drunk traders

[aesma]

Because they are in Zimbabwe how will they send you 11k$

I am looking at market in Zimbawe, Localbitcoin in Zimbawe: sellers in zimbawe for buyers in Zimbawe.

https://localbitcoins.com/country/ZW

BITCOIN PRICE HITS $76,000 ON ZIMBABWE LOCALBITCOINS

As various media outlets reported in recent days, a full ban on foreign currency in Zimbabwe has triggered a giant premium for Bitcoin, which currently sells for up to $75,000.

At press time, BTC/USD hovered around $11,000, meaning the premium reaches a huge 580 percent.

Beginning last week, the country’s government opted to stop transactions in the US dollar and reintroduced the stricken Zimbabwean dollar, which disappeared in 2008 amid unbelievable hyperinflation.

The move caught citizens entirely by surprise, with the cash squeeze compounding anger about economic policy.

So let's say I live in Zimbabwe (the horror !) and I have loads of USD for some reason. The government bans its use, but regular people still love USD. It's also utterly easy to bribe myself out of any situation with USD.

Why in the hell would I buy BTC ?

The only reason I can see is as a move before fleeing the country ? Even then I'd try my luck on a small cessna, filled with my dollar bills, rather than paying that crazy premium for BTC.

[El duderino_]

https://bitcointalk.org/index.php?topic=5160304.0

Sorry bump??

[El duderino_]

JJG you just replied to yourself?

Hahahahahaa..

I will go back and clarify... thanks for pointing that out...

I do criticize peeps for quoting themselves excessively and there you go, I appear to have been attempting the same...     

Its just another JJG user.... don't mind that, bot taking over bot etc  

Oh my,,,, your team seems to be devolving with each post, mic. 

Are you sure that a shift change might not be in order?  or maybe some of that HODLnap?

HODLnap already been said, I do prefer HODLsleep
As the whole team does

[Raja_MBZ]

"Wall Observers" is a place of pure fun anyways (except for 1000+ words long posts of JJG).

Largely, you have control over your own destiny Raja.. .one of the benefits of life... , which means that you and only you have discretion in regards to choosing what you read or not.   

Haha, yeah, you're correct. I think I've skipped your posts the most on WO till now anyways.

.
.
.

JK mate. You're probably the most interesting person in this thread. It'd be 90% shit and 10% good here if you weren't a part of this thread (right now, I guess it's fine if we just call WO 50% shit and 50% good).

[eddie13]

Last time pre-BULL run, Zimbabwe also was in front with high price I think they traded 12K+ or someething when the rest was trading around 8K and neveer even saw 10K

Is this a sign

Yeah, Zimbabwe followed by Korea, Japan if i am not mistaken.

Btw Just 2 sell orders of $76k, enough to publish articles for writers  . no one in right mind going to click buy button, with this kind of premium we need couple of drunk traders

Just tap it with a minimum buy to put it on the chart

[bitebits]

Mic I need to change my vote on your Q3 game since I currently seem to disagree with my past bullish self!

In between all this short term bearish posts and sentiments, I will make a Bitcoin market cap prediction. Something I don't do often but I feel Bitcoin currently trades at an attractive discount:

Bitcoin today has a market cap <250 billion. Q3 2019 I expect the market cap to be >500 billion.

Please quote me for future reference.

Done and done.

[LFC_Bitcoin]

$10,067

[rebal15]

last week's candle is showing price correction. it is correction trap.

[jojo69]

[soxxx]

could it be somehow that we're currently watching the burst of a mini bubble between the last major bubble and the next major bubble after halving in 2020? maybe it was to early for the next real bubble.

I doubt it.   You seem to be giving too much benefit of the doubt to bear narratives and or bitcoin is a bubble FUDsters.


We are just experiencing a normal correction that comes from a short-term period of too much exuberance.  You saw that exuberance from a few days ago, no?   Outrageously excessive for a period of time, so we could hardly have expected that level of excessive exuberance to NOT correct at some point.

We need a 30% correction, I agree this is normal, if it corrects 50%+ ill start to worry.

[Raja_MBZ]

<$10,000

[Agapios]

some f... please tell me there are huge buy orders

[Biodom]

could it be somehow that we're currently watching the burst of a mini bubble between the last major bubble and the next major bubble after halving in 2020? maybe it was to early for the next real bubble.

I doubt it.   You seem to be giving too much benefit of the doubt to bear narratives and or bitcoin is a bubble FUDsters.


We are just experiencing a normal correction that comes from a short-term period of too much exuberance.  You saw that exuberance from a few days ago, no?   Outrageously excessive for a period of time, so we could hardly have expected that level of excessive exuberance to NOT correct at some point.

We need a 30% correction...

Amost there (currently 26.4%)
A small observation: we are declining faster than most "shitcoins', not sure why.

[El duderino_]

Mic I need to change my vote on your Q3 game since I currently seem to disagree with my past bullish self!

In between all this short term bearish posts and sentiments, I will make a Bitcoin market cap prediction. Something I don't do often but I feel Bitcoin currently trades at an attractive discount:

Bitcoin today has a market cap <250 billion. Q3 2019 I expect the market cap to be >500 billion.

Please quote me for future reference.

Done and done.

Its still day 1 nothing happened so do it quick

[El duderino_]

last week's candle is showing price correction. it is correction trap.

[LFC_Bitcoin]

$10,067

$10,000 held and now a slight bounce back, I really don't want $10,000 to break just due to it being an important barrier.

I want $10,000 to stay too, I don’t even know why, it’s just such a psychological bullish figire. Five figures is so much better than four. Looking forward to six figures in 2021/22

[El duderino_]

$10,067