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

[d_eddie]

Moderate barting. Doesn't feel like ATH times at the moment.

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[Amateur_]

Observing BTC @ 10,020 USD

[DeathAngel]

Moderate barting. Doesn't feel like ATH times at the moment.

Probably a good thing, nobody wants an over heated bubble. The way it is now we have plenty of room fir massive movements to the upside as we get near to & pass the halving.

It’s a marathon we’re in, not a sprint. Slow & steady wins the race.

observing observers

Observing you observing the observers.

[gallianooo]

Moderate barting. Doesn't feel like ATH times at the moment.

Or FUCK BART hat 

[bkbirge]

Moderate barting. Doesn't feel like ATH times at the moment.

Didn't know there was a word for that behavior, thanks for expanding my vocab.
https://cryptocurrencyfacts.com/2018/04/16/the-bart-crypto-pattern/

[fillippone]

Greyscale just published an intresting report:

Bitcoin 2019 Investor Study

Since its introduction in 2009, Bitcoin has steadily grown in popularity and today has expanded its reach to a broad mainstream audience. Now, a new joint survey from Grayscale Investments and Q8 Research provides a deeper level of insight into investors’ interests, perceptions, and misconceptions about investing in Bitcoin.

Our Bitcoin: 2019 Investor Study findings cover:

The profile of potential Bitcoin investors
The messages that drive Bitcoin’s appeal
Investor sentiment around Bitcoin vs. gold

Highlights:

• More Than a Third of U.S. Investors Are Interested in Bitcoin:
  Contrary to the belief that Bitcoin is a niche investment only attractive to a small
  portion of the investment community, the survey found that more than a third (36%)
  of U.S. investors would consider an investment in Bitcoin, representing a potential
  market of more than 21 million investors in the general population.
  
• Bitcoin Extends Beyond the Crypto Community:
  The research study showed that those interested in investing in Bitcoin largely
  fit the profile of the average U.S. investor. While Bitcoin-interested investors are
  slightly more experienced and risk-tolerant than average investors, they otherwise
  have similar political views, income levels, and careers as the broader pool of
  surveyed investors.
  
• Multiple Aspects of Bitcoin Are Driving Investor Interest:
  A large majority of investors (83%) were strongly motivated by the idea that they
  could invest small amounts in Bitcoin today, see how their investments performed,
  and add to their positions later. The idea that Bitcoin has significant potential
  for growth and that Bitcoin is scarce also resonated with investors interested in
  investing in Bitcoin
  

[Ibian]

I am so bored. not high enough to sell, not low enough to buy. But bottom line, we remain OVER 9000!

We should have some games. Dunno what, just something to pass the time.

[kurious]

Moderate barting. Doesn't feel like ATH times at the moment.

Didn't know there was a word for that behavior, thanks for expanding my vocab.
https://cryptocurrencyfacts.com/2018/04/16/the-bart-crypto-pattern/

I wouldn't be surprised if the bart pattern originated on this very thread, or was at least picked up early by someone here.  It is supposed to have first been seen in mid-2018, and it feels it's been on here about as long.

There have been daft patterns painted on charts here since the days of MagicMexican's 'Dyno TA' paintings, for those here with long memories...

[LFC_Bitcoin]

Weren’t we barting for a long period during range - $3,500 - $4,200 before we had a real powerful surge upwards?

Maybe the same barting now before a big leg up to close 2019 in Q4?

[JayJuanGee]

Btw I thing my friend told me at 350-ish = he Said imagine this thing could rise crazy high with only a 10% chance of succeeding.... Then you must invest, and for him the % of success where much higher but nontheless imo you already should invest with thinking this.... might be b00ze talking now, and F*** mindrust go all-in bro, be more happy with your wealth in BTC as in crypto especially when there are no unexpected costs looking around the corner.... 

Personally, it seems to me that mindrust has a pretty decent approach, even though sometimes i do not really agree with him, and also he seems to go through a quite a lot of emotional turmoil regarding what to do exactly, yet I believe that he maintains most of his sanity by keeping some funds in fiat rather than "going all in."   

I do recognize that a decent number of people do kick themselves on a regular basis asserting that they should have gone all in at time x or time y or time z, and they had the money to do so, but they did not have the balls.  Seems like those people would be easily shaken too, so even though each of us may have tendencies to second guess ourselves in this regard, we have to balance an investment strategy and approach for the present, and not regretting about the past, and our present assessment has to prepare ourselves at each present time for either UP or DOWN, so in that regard, it comes off as way too foolish in the gambling direction to be going "all in" or anywhere close to "all in" when a guy (or gal) is hardly even close to confident regarding bitcoin's price direction - short term, medium term or even trepidations about long term.

I do think mindrust absolutely knows what he's doing..... but just always waiting for again lower the then push the pedal and invest the total reserved amount of FIAT is just not how I would do (again thats just me) I would prefer to push forward at whatever reasonable good price moment instead of waiting for the 30-50% drop....
I also prefer to hold more in BTC as I hold in FIAT.... and if he would buy he's reserved FIAT in BTC then there is enough time to buy dips with fresh incoming FIAT afterwards ......

But you must feel very confident and feel good with holding FIAT in BTC whiteout being emotional touched by its swings.....

Well, maybe we need mindrust to clarify the facts regarding this lil dispute then?

Seems that you and I are reading the facts different.

From my reading, Mindrust had already invested more than 20% of his investible assets into BTC.   Of course, the percentage of that overall percentage into BTC has gone up because of BTC's price appreciation and still could be decently over 50% (I don't recall exactly if he disclosed how much for the appreciation, but that is quite a bit).... 

I personally would not get too upset if total BTC proportion is higher due to BTC price appreciation as compared with how much he initially put in and how much he is continuing to authorize himself to invest on a regular basis.

The thing is that he continues to keep some kind of reserve fund for investing in BTC which he allocates for both regular dollar cost average buying on a regular basis (no matter what the price) and another portion of his allocated fiat that is dedicated for buying on dips. 

I believe that there is nothing wrong with his plan, but there seems to be something wrong with his getting anxious, on a regular basis about his plan.  I am starting to think it is his own personal psychological anxiety of feeling that he does not own enough BTC.   He wants to be rich before he is rich, so he is trying to rush it based on the total amount of assets that he has.  It is a kind of understandable situation.  Let's say someone has less than 10 BTC and they have spent a lot of time working his butt off to acquire that stash, but he would feel a whole hell of a lot more comfortable if he had more than 30BTC.. but such a thing is not really very realistic given his total financial situation.

Anyhow, I personally think that he is doing well, given his own circumstances, in spite of his anxiety, and I think that sometimes he does overinvest, too... which also causes him some anxiety that he could have used those same funds to buy lower, if the BTC price subsequently were to go down.

Ultimately probably the question continues to be a kind of wanting to do the best that you can with the amount of resources that you have, and even though he is doing pretty good, he would feel a whole hell of a lot better once BTC goes up more than 10x again or if he were able to increase his BTC stash by something like 3x, and then he would not need BTC to go up 10x in order to achieve similar results in terms of comfort levels regarding overall wealth.

[mindrust]

https://mobile.twitter.com/UglyOldGoat1/status/1154169121069658112?s=20

Tyler, hyperwave... is gone.

I didn't like his opinions lately but I still feel bad. R.I.P.

Edit

@jjg
@mic

I'll get back to you guys. In a few hours after work. :d These wall o texts ain't easy to read while at work.

[JayJuanGee]

So, yeah, I was kind of kicking myself for having to sell 3.5% of my bitcoin, and I ended up making such sale around $4k on average. Over subsequent months and until about April 1 (before the BTC price boom), I was able to repurchase about 25% of those sold coins for at or below the sale price, but I still had kind of kicking myself for taking a gamble that did not really pay off and forced me to sell a portion of my stash at a time that was somewhat inconvenient for me, also based on the dip in BTC price, too.

i always treated btc as a "sold as needed" thing and the price you got at the time was the price you got. no trying to time stuff, the point was to get fiat for some goal.

as im doing now.  for reasons, im selling a not insignificant part of my stack. my financial guy and i met and we decided to activate one plan now, well ahead of schedule.

*achievement unlocked*

so because of the amount im selling, i personally feel i can call 9-10k price as near bottom.

I am not quite to that stage of comfort with my BTC investment.  I think that I am getting close to that, though.

I am anticipating that the amount of extra fiat that I will need on a regular basis in the future will reasonably be covered by 1% per quarter sales of my total BTC portfolio value.   

I had thought that I had almost reached that stage of comfort in BTC because tentatively I was going to be o.k with selling at the bottom when the bottom in late 2018 was still above $6k, but when the bottom suddenly dropped below $6k (almost in half), then I got a bit irritated with myself at that time for kind of presuming that the bottom was "in" and such bottom was still above my don't give any shits threshold. 

[bkbirge]

That's a lot of coin!
https://whale-alert.io/transaction/bitcoin/9764816a81cdd42407355caf93c2cbeb8c4d5b605a400295aa1ff683bec3322f

[Phil_S]

We should have some games. Dunno what, just something to pass the time.

OK then.

Here's the game: guess WHEN, win 5 merits.

[fillippone]

We should have some games. Dunno what, just something to pass the time.

OK then.

Here's the game: guess WHEN, win 5 merits.

2001

West 42 St. and eighth Ave

EDIT: It's OCt 2001

[BitcoinGirl.Club]

Here's the game: guess WHEN, win 5 merits.

Sometimes in between 2000 to 2001

[gentlemand]

OK then.

Here's the game: guess WHEN, win 5 merits.

That reminds me of all those Windows 7 parties I threw back in the day. Truly amazing times.

https://www.youtube.com/watch?v=1cX4t5-YpHQ

I even paid more black people to attend than that one.

[VB1001]

JP Morgan Admits Dollar's Doomed Reserve Status to Unwittingly Cheer Bitcoin

The US dollar is at risk of losing its status as the world’s dominant currency. That’s according to one strategist at JP Morgan’s private bank who is advising wealthy clients cut their dollar holdings in half.

“We believe the dollar could lose its status as the world’s dominant currency (which could see it depreciate over the medium term).”

https://blog.total.exchange/2019/07/25/jp-morgan-admits-dollars-doomed-reserve-status-to-unwittingly-cheer-bitcoin/

[JayJuanGee]

https://mobile.twitter.com/UglyOldGoat1/status/1154169121069658112?s=20

Tyler, hyperwave... is gone.

I didn't like his opinions lately but I still feel bad. R.I.P.

Wow... seems to be legit news, and a surprise too.

Surely, he only entered the bitcoin space in very recent times, less than 2 years, and surely had already made a name for himself with his hyperwave analysis.  I am saddened to think about it, and to think about how suddenly any of us might be taken from the space of the living.

Edit

@jjg
@mic

I'll get back to you guys. In a few hours after work. :d These wall o texts ain't easy to read while at work.

You see what I am trying to say?  Mindrust is very busy making money, and can't be screwing around thinking about bitcoin things all day long.   No rush.....

[LFC_Bitcoin]

It’s May 2001