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

[Ludwig Von]

Damn 1 Lambrusco and 4 wines on a Wednesday.... And F*** i'm still feeling damn happy with this +10K prices

I think i'm out early this evening, bit drunk and gonna watch some more of that Chernobyl series

*I know Fillippone not ideal but sometimes I do like a damn Lambrusco, they don't have it in many places here (always say its the cheap BBQ wine of Italy )
though still like it sometimes!!!

Ach, a cold Lambrusco, with ice on a warm summer day is not a sin, it is romantic!   (And certainly to prefer over these rosé bubble sugar water like things). 

[LFC_Bitcoin]

Back to the 11k’s

I’m still nursing a bad hangover, horrible headache. Today is shit.

[JayJuanGee]

I do 100% agree.
The Black Swan is always around the corner.

I don't really plan my life around any possible black swan, but sure, black swans can come in a whole variety of circumstances, and so I guess there is some prudence to plan for a kind of set of unknown unknowns.

On the other hand, I do kind of pick on our resident PM troll in this thread, because he seems to be putting some kind of high end stakes into PMs, perhaps 20% or something like that, for a kind of Armageddon event that likely has less than a 1% chance of occurring, so I do not understand why to invest more than 1% or so (with some margin for error) into an event that has less than a 1% of happening.. and in other non Armageddon situations, bitcoin is going to serve as a decent hedge against the dollar that is better than gold, so I really don't get why he hangs out here pumping PMs as if they were the solution.

Sorry for the idling, had to leave for some hours...
I don't plan for Black Swan -like events but i try to stay flexible in life, so i can act mindful IF such an event occurs. What such an event may be... That's the thing with Black Swans, you can't predict them in any way.
I have gone through homelessness, polytoxic addictions, depression, anxiety, panic and horrors barely anyone would believe. Finally i learned to change my mind instead of sticking to my beliefs. We, humans, are strongly driven by our beliefs. That's also why i started to collect Bitcoins, for example. But i stopped trying to change other peoples mind, that's everybodys own job, and most of us are avoiding this at all cost. On the other hand, these are mostly the ones that try to change anyone else's mind. So that's how you can identify (and feel sorry for) them. No reason for hate, honestly  

Sure everyone has experiences and points of view, and some people try to impose their beliefs on others in a strong way.  Sometimes it can be a bit irresistible, and even though i believe that there are certain kinds of latitude in correctness, there are also some things that are more correct than other things and there are best practices.  

For example, I was having a discussion with an in-law about diet a few days ago, and he said that he had approached his diet with objectivity and no prejudgement, and even though he had recently been studying some literature and talking points, he began to ask me to defend my diet in terms of his frame of reference, which I refused to do, even though we still attempted to have some battle discussion that kind of dwindled away after a bit of time of non-resolution.  I only see this inlaw once in a while, so I am not sure if we are going to continue the conversation at a future date, but surely I think that he is wrong about a lot of things, even though he was much more prepared to debate the topic than me, because I had not been reading on the topic for several years, and he seemed to have been reading on the topic in recent times. .. which in my mind did not mean that he was right, even if he had kind of won the debate due to a kind of better preparations.

From my experience and point of view, i'd say that this "topic" (diet) is quite driving his mind at the time, because he was into it recently. Trying to win a related discussion might just be a try to self-confirm his new knowledge, to defend his model of the "correct diet". You don't want to prove yourself a fool after wrapping your head around tons of book pages  
On the other hand, maybe he's trying to help, but sometimes that makes people act really unhelpful.
I really like the "brainstorming" way of discussion, where you accept everything your partner brings up as true, think constructively about, and just add your point to it, which he has to accept and react to in the same way. It's uncommon, apart from some IT-thinktank departments, where it's a daily business.

Brainstorming is a decent way of interacting to allow for a wide range of reasonableness and to allow adults to come to their own conclusions.  Whether we are talking about crypto, diet or otherwise, there might be some areas of agreement and some allowance for variation of thought and variation of approaches.  When you are looking someone face to face, you should try to be polite, especially when they seem to be striving to come to a good conclusion based on facts, logic and reasonableness.  Still, some ideas, logic and conclusions are more reasonable than others.. so when you really go deep, you will have to tend to come out of brainstorming, stream of consciousness and relativism after a while because otherwise you would become rudderless.  Bring it back to crypto.  Sure, buy some various other cryptos, but much better to invest in bitcoin first and to establish yourself.. maybe dabble a bit with a small percent of your holdings, but currently, bitcoin has the most factual and logical backing.. so why get distracted by accepting a bunch of bullshit imitations or project that are doing something else that might have some merit in themselves but are weak in terms of the sound money component that somewhat relies on networking effects built around it, too.  But, yeah, in my lame attempt to stay somewhat on topic, I seem to be preaching to the choir, here.

[Saint-loup]

This is just insane how the BTC price perfectly sticks to the trend lines in this bull run. If you know this fact, trading and setting up entry points is so much easier.

Just look on this 4 hours chart and how the price dropped exactly to the trend line. I know that if there will be a further decline, we will see the second trend line tested.

But I think 12.000$ is the lowest price we will see, with this pullback. We will test this level a few times and go up again.

Of course, one has to control and check everything frequently, because the situation can change in a few minutes.

No we are already under 12k

[lightfoot]

It's all over, we're all broke, have to return the hookers and lambos....

Ah well, such is life. But in 30 minutes we'll all probably be back on top again.

[HairyMaclairy]

via Imgflip Meme Generator

Damn r0ach the woman ain’t coocking today    

Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even  

The Good: Cryptoqueen
The Bad: all that salad on Cryptoqueen lobster
The Ugly: that fizzy wine in that glass.

This was below your standard Mic!

I am going to stand up here and defend sparkling rose.  She can drink whatever the hell she likes.  

Wine is whatever tastes good and makes you happy.  Don’t be sucked in by the bullshit marketing in the wine industry.

[STT]

My hooker stole the Lambo already, life finds its own divine way on these things unfortunately.    The price is reacting to the 8 day average which is just momentum not a proper level of support but a measure of strength I follow all the same.
I think its checked the top price a few times now, I still expect it to be checking the range bottom similarly

[ivomm]

Sold everything in 13k.X range.
I'm little afraid we dip more untill 8-9k before a big up.

That makes sense.... to sell all before afraid we DIP small before a big UP

WTF, where do those guys come from

So you not afraid if we go up and you left behind with no corn or have to buy at higher prices....

Dude when do you guys learn HODL is the way buy more when it dips start DCA'ing your stack man....

And more important be happy with your FIAT in BTC cause that where your wealth is stash't better anyway, be happy with less $ and more BTC

THINK HEALTHY, you're in the big boys space here!!!

I also noticed 2 newbie accounts informing us they sold their stash (which most probably is way below 1BTC). These are the exhibit A of weak hands/minds a.k.a. losers. They sold  down to 9.5K, then entered at 12 500, then sold down to 11600 and will wait to reach 12500 to enter again.   Ask them why they do it. They don't know. Just some cursed by the fate morons that polute both the market and this thread. But their loss is our gain. It is better for the bull market to shake off the weak hands as early as possible.  

[fillippone]

via Imgflip Meme Generator

Damn r0ach the woman ain’t coocking today    

Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even  

The Good: Cryptoqueen
The Bad: all that salad on Cryptoqueen lobster
The Ugly: that fizzy wine in that glass.

This was below your standard Mic!

I am going to stand up here and defend sparkling rose.  She can drink whatever the hell she likes.  

Wine is whatever tastes good and makes you happy.  Don’t be sucked in by the bullshit marketing in the wine industry.

Of course she can drink whatever she likes.
Just a friendly reminder that probably that lambrusco is exactly the result of bullshit marketing in the wine industry because, to use Mic words, its the "Cheap BBQ wine" in italy, and it is sold in brick on the lower shelves of the italian supermarkets.

[LFC_Bitcoin]

Sold everything in 13k.X range.
I'm little afraid we dip more untill 8-9k before a big up.

Enjoy the fruits of your 0.05BTC

STFU noob!

[vapourminer]

auto return/landing on low battery/signal loss for the win. lands right next to your passed out body.
[...]
programmed mine to do autonomous runs around my property via gps, good way to monitor seasonal (or man/animal made) changes. mainly i use it to monitor the beavers who have set up a dam thats flooded several back acres on mine and my neighbors properties.

industrious little buggers , beavers. done a lot of flooding via their dams. natures engineers at work.

Interesting to hear about the beavers on your property as I have a
stream running through my property also and like 3 years ago it turned into a small
lake due to beaver damming. It's since drained back to a stream and the beavers moved out.
I suspected human intervention but as my property is no longer flooded, I didn't complain or ask questions.
Huge fine for breaching a beaver dam around here so I didnt touch it.

between the ones on my property and others upstream and downstream they have set up shop pretty big time. lots of acres flooded. interesting how they respond to heavy rains and floods that mess things up. they can shore up a damaged damn in no time.

pretty sure they are protected here too although never checked as never intended to interfere and i  honestly dont mind nature running its course, its one reasom i bought the property with its acreage. to watch wilderbeats and critters do their stuff with no humans interfering.

i used to take the jeep down to watch them (along with doing some wheeling too of course), now with the drone its even easier.

[Elwar]

I am glad to see these small corrections on the way up.

Once the price doubles in a month we are weeks away from the end of the bull run. It almost did that already going up from $7500 to $13,880. For the next week or so $16k would be the doubling.

The longer we avoid doubling in a month the longer the bull run. Let it grow slowly for the next year. Then double when we hit $100k and sit back and watch the fireworks.

[El duderino_]

via Imgflip Meme Generator

Damn r0ach the woman ain’t coocking today    

Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even  

The Good: Cryptoqueen
The Bad: all that salad on Cryptoqueen lobster
The Ugly: that fizzy wine in that glass.

This was below your standard Mic!

I am going to stand up here and defend sparkling rose.  She can drink whatever the hell she likes.  

Wine is whatever tastes good and makes you happy.  Don’t be sucked in by the bullshit marketing in the wine industry.

Of course she can drink whatever she likes.
Just a friendly reminder that probably that lambrusco is exactly the result of bullshit marketing in the wine industry because, to use Mic words, its the "Cheap BBQ wine" in italy, and it is sold in brick on the lower shelves of the italian supermarkets.

But still it can taste good also I never see what should or what is best or .... I always follow my own taste or what I want at that time.... hope everyone does and if its Some quality stuff tomorrow Than thats good, but if its Some BBQ wine the next time after than fine by me ....
I think we all do it that way not?

[makrospex]

Brainstorming is a decent way of interacting to allow for a wide range of reasonableness and to allow adults to come to their own conclusions.  Whether we are talking about crypto, diet or otherwise, there might be some areas of agreement and some allowance for variation of thought and variation of approaches.  When you are looking someone face to face, you should try to be polite, especially when they seem to be striving to come to a good conclusion based on facts, logic and reasonableness.  Still, some ideas, logic and conclusions are more reasonable than others.. so when you really go deep, you will have to tend to come out of brainstorming, stream of consciousness and relativism after a while because otherwise you would become rudderless.  Bring it back to crypto.  Sure, buy some various other cryptos, but much better to invest in bitcoin first and to establish yourself.. maybe dabble a bit with a small percent of your holdings, but currently, bitcoin has the most factual and logical backing.. so why get distracted by accepting a bunch of bullshit imitations or project that are doing something else that might have some merit in themselves but are weak in terms of the sound money component that somewhat relies on networking effects built around it, too.  But, yeah, in my lame attempt to stay somewhat on topic, I seem to be preaching to the choir, here.

I second that. All of it, i have always done it that way, because hope can't beat logic.
altcoin purists seem to think the other way round.

[Biodom]

I am glad to see these small corrections on the way up.

Once the price doubles in a month we are weeks away from the end of the bull run. It almost did that already going up from $7500 to $13,880. For the next week or so $16k would be the doubling.

The longer we avoid doubling in a month the longer the bull run. Let it grow slowly for the next year. Then double when we hit $100k and sit back and watch the fireworks.

Exactly...I was checking the same and drew similar conclusions.
We were overheating at 13.8K, albeit I prefer a flat to a zig-zag, but a flat is usually not the bitcoin's way (especially when 20-100X leverage is available for some).

[Saint-loup]

via Imgflip Meme Generator

Damn r0ach the woman ain’t coocking today    

Scallops uh? And white wine. Looks yummy. But cryptoqueeen?? A salad with fizzy red wine? Oh noes. I'll go out on a limb and guess it's sweet, even  

The Good: Cryptoqueen
The Bad: all that salad on Cryptoqueen lobster
The Ugly: that fizzy wine in that glass.

This was below your standard Mic!

I am going to stand up here and defend sparkling rose.  She can drink whatever the hell she likes.  

Wine is whatever tastes good and makes you happy.  Don’t be sucked in by the bullshit marketing in the wine industry.

Of course she can drink whatever she likes.
Just a friendly reminder that probably that lambrusco is exactly the result of bullshit marketing in the wine industry because, to use Mic words, its the "Cheap BBQ wine" in italy, and it is sold in brick on the lower shelves of the italian supermarkets.

But still it can taste good also I never see what should or what is best or .... I always follow my own taste or what I want at that time.... hope everyone does and if its Some quality stuff tomorrow Than thats good, but if its Some BBQ wine the next time after than fine by me ....
I think we all do it that way not?

Did you take a dessert BTW?

[El duderino_]

^
naaah that was just the pre dish, didn't post the main dish...... can't continue food spam the place
(Also main wasn't to special just a penne arabiata and scampi for me Queeen ....) but actually its nothing to special, very simple Belgian resto (but even the very simple in Belgium already looks tasty not?? )


And @eddie no red wine, Lambrusco I know worse in terms of dinner, but tasty some days

[El duderino_]

Hitting the HODLsleep at 11,900$ wow here already at this time, I bet 99% of the peoples money would of taken the other side of this bet at January 1st 2019
Yet her we are, enjoy our precious rollercoaster and goodnight WO-brothers

[JayJuanGee]

I am glad to see these small corrections on the way up.

Once the price doubles in a month we are weeks away from the end of the bull run. It almost did that already going up from $7500 to $13,880. For the next week or so $16k would be the doubling.

The longer we avoid doubling in a month the longer the bull run. Let it grow slowly for the next year. Then double when we hit $100k and sit back and watch the fireworks.

Even though I largely agree with your overall point, we should not just be picking random time frames in order to make our assessments of BTC price dynamics without some kind of further context.

To me, it seems that $4,200-ish on April 1 remains as the current bouncing off price of this particular run, which would be more than a tripling in less than 3 months.

I am not going based on something that I would wish it to be or some round number or time that I randomly picked, but instead, it seems that breaking above $4,200 on April 1 was our most relevant recent bouncing off price and time.  So we should use that as a measure and consider how many significantly material price correction that we have experienced since then.  There were a few, yet I am not saying that they have to exist, and I am kind of even agreeing with an assessment of both passage of time and extremity of price movement.

Furthermore, it seems, largely that when we got above $10k, there was another subsequent and quasi-irrational pumping, which could cause us to bounce around a bit in this area (and could even be a decently large price range) in order to allow for buying support to catch up to the price.  Surely, our run up to supra $13k again in the past 24 hours is providing a decent sign that BTC buy support seems to be catching up, and we are likely to be progressing in the upwards price direction a bit faster than anyone would have anticipated.

I cannot really fault your doubling in a month indicator as a kind of sign that we might be overly exuberant, but usually, the doubling in a month is not really an over exuberance that would be held in a vacuum.. and will frequently have several preceding weeks worth of exuberance to accompany it.. so for example, our more than tripling in less than 3 months is both a making up for lost territory (because we had bounce down, especially from $6k and got stuck in the $3k territory and this upwards breakout seems to have been coming at the possible beginning of a bullrun rather than after an earlier period of upwards' exuberance.

[serveria.com]

Brainstorming is a decent way of interacting to allow for a wide range of reasonableness and to allow adults to come to their own conclusions.  Whether we are talking about crypto, diet or otherwise, there might be some areas of agreement and some allowance for variation of thought and variation of approaches.  When you are looking someone face to face, you should try to be polite, especially when they seem to be striving to come to a good conclusion based on facts, logic and reasonableness.  Still, some ideas, logic and conclusions are more reasonable than others.. so when you really go deep, you will have to tend to come out of brainstorming, stream of consciousness and relativism after a while because otherwise you would become rudderless.  Bring it back to crypto.  Sure, buy some various other cryptos, but much better to invest in bitcoin first and to establish yourself.. maybe dabble a bit with a small percent of your holdings, but currently, bitcoin has the most factual and logical backing.. so why get distracted by accepting a bunch of bullshit imitations or project that are doing something else that might have some merit in themselves but are weak in terms of the sound money component that somewhat relies on networking effects built around it, too.  But, yeah, in my lame attempt to stay somewhat on topic, I seem to be preaching to the choir, here.

I second that. All of it, i have always done it that way, because hope can't beat logic.
altcoin purists seem to think the other way round.

In altcoin world hope beats you!