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

[El duderino_]

@fillippone, did you open this resto?? 

[fillippone]

It's time (again) for a Wall Observer Meta Post!
Last Week LoyceV updated merit file late, that's why we are having two updates in a short amount of time.
This is the last weekly update, from now on I will update only on the first release of every new month, typically on the first Friday of the month!

Merit analysis based on LoyceV merit file: http://loyce.club/Merit/merit.all.txt

Merit updated to Friday, 2, Aug, 2019 02:48:42 UTC

                  
Merit circulation decreased again this week. Crickets and tumbleweeds everywhere and holiday didn't help merit circulation.

Still fixing glitches here and there, I am using this to getting better at data management. JayJuanGee is back with a great sending spree!
I will make this post monthly, updated after the first merit release of the month.

Currently out srry

Probably 14 days till replenish  

I will put a yellow post-it here on my monitor.
Here, done.

[fillippone]

@fillippone, did you open this resto?? 

LOL! If you see me into that, please one shot in the head.
After a quick look at this place webpage
https://www.instagram.com/cafecryptoria/

I can confirm: THIS IS NOT ITALIAN CUISINE.
Anyone serving this shit in Italy would be banned.

[Bossian]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

[JSRAW]

@JJG If I were that confident, then I would have been all in when the price was around 3.2k mark , but I am optimistic about one thing. If its goes up from here and touch 50k and so on in next 2-3 years then I am a happy and prosperous guy like rest of WO's members, maybe early retirement at the age of 32-33 or perhaps not, only time can tell. However, I don't like the idea of early retirement only because I am workaholic, and more importantly, I love what I do for a living plus money is good too 

But if everything goes south, then my stash going up for sure. As I mentioned a few times, I am religiously stacking up BTC because my 50-80% salary comes in BTC and top of that I put fresh fiat regularly. Due to this, I am already sitting at little more than 2x what I had sold during my first bull run experience. not going to lie but these little pump hurt me sometimes, luckily i hardly cash out my BTC salary so in the end all good.

To sum up all gibberish, Mentally and financially, I am ready for all kind of situation.


PS : Yes, Sad for voodoo ritual 

[nutildah]

Having said that, I do value my anonymity, which is why I can't disclose who I write for or what else I do to make ends meet.

You write -- loud 'n' proud -- for sportsbet.io. It's right there in your sidesig, ... whore.

That's true. I also have other writing jobs, believe it or not. Most recently I wrote a press release for Paxful. That was kind of interesting.

Every up/down, I make a profit.

Wow, you're making a profit every second of every day?

There might be quite a few reasons to razz jbreher, but this is not one of them....

Meh, anybody can say anything. I really only give credit to people who have the foresight to say something that turns out to be verifiably correct later.

O.k.  I am not afraid to give jbreher shit about a variety of things, including his bitcoin bashing, big block pumping or bcash uptalk, but the laddering shit is real, whether he is actually doing it or not might be another story.

Since breher decided to hit me with a golden firehose of merits I'm going to re-evaluate my attitude toward him, because I am a whore after all.

My g.f.: Come outside with me.
Me: Wait, I have to see where these new merits came from. Oh, they're from jbreher, that's weird.
g.f.: Why?
Me: Because I'm not very nice to him.
g.f.: Why you're not nice?
Me: Well, I dunno...

[JayJuanGee]

It's against the rules for merit sources to trade their smerits for anything of value

So this means we can still trade merits for BSV or Beam?



I do hate being out of merits, but it does encourage me to think up ways to farm up more merits. My sMerit supply is so piddly that when they trickle to me its like a weak stream of urine on my head.

I understand the pun about that shit hardly being worth anything - but surely it has not gone to zero yet, so "technically" there is arguable value there, so I wouldn't take any of those kinds of chances, unless you want to be removed as a merit source... which I believe would be the most likely remedy..........

Don't take a joke as an actual fact

You read my first words in the first line:  "I understand the pun"?  Your team recognizes the recognition contained therein?  

[JayJuanGee]

choo choo bitcoin  
time for some consolidation for a few days, please!

Don't tell me that we have another one chasing the train...

Common btcbeliever ... common.. run... run ... run.....


I will hold out my hand... hang onto your suitcase and run... you can do it... you can do it.....  


with a name like "btcbeliever," you should not be chasing the btc train, AmiNOTrite?

85% of my networth is already in Bitcoin. 
I am  NOT going to buy any more, no matter where the price goes,
Untill I sell 80% of it
And it next drops by at least 75%.

I just hate the pure excited joy followed by gutwrenching dumps
Before I unload.

My cost basis is about $12-$40 per btc.

Fair enough, and yeah you should be sitting fairly pretty, too.. maybe even o.k. with selling off a bit or diversifying here and there.

You could have had an opportunity to sell off some during our last run up to $19,666 and buying back some, or all or more, or whatever at up to 85% price drop.. but we never know when a big price drop is going to happen, so I doubt that it is necessary to either have to sell off a high percentage or have to buy back at such a high percentage drop in order to still profit stupendously from any actions in that direction.

But yeah, even if your average cost per BTC is in the high end of the range, then that is 290x profits.. Most peeps should be pretty comfortable with that and given a lot of options in order to shave off portions of their BTC profits whenever they want, and to buy back whenever they want.. and don't get worked up about actual numbers because it does not matter too much if you are swimming in those kinds of profits - almost no matter where you sell.

[JayJuanGee]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

Sounds like you are speaking in tongues, ambigously and we need a cryptographer just to figure out what the fuck you just said.

At least my tendencies towards the uses of more palabras will tend to 'splain my lil selfie. 

[JSRAW]

JJG you should sleep, must be late over there. no one going to delete their comment so you can reply them later. remember 6-8 hours sleep is good for health

[fillippone]

In the meantime:
LITECOIN JUST HALVED

LTC Block 1,680,000 Just mined.
https://blockchair.com/litecoin/block/1680000

LTC 3rd Reward era has just started!
LTC block mining reward halves every 840,000 blocks.
LTC reward just halved from 25 coins to 12.5 coins per block.

First Halved Coinbase:
https://blockchair.com/litecoin/transaction/36137977


Total Litecoins in circulation:                63,000,000
Total Litecoins to ever be produced:      84,000,000
Percentage of total Litecoins mined:      75.00%
Total Litecoins left to mine:                  21,000,000

After the Halving:
Litecoins generated per day:                 7,200
Litecoin inflation rate per annum:         4.17%

I personally strongly doubt any indication about upcoming Bitcoin halving can  be drawn from this. Just be aware a lot of scammby price pump and dump scheme could be initiated in the next days.

EDIT:
Well, that excalated quickly:
The Litecoin halving has concluded and LTC is up 9 percent

[JayJuanGee]

@JJG If I were that confident, then I would have been all in when the price was around 3.2k mark , but I am optimistic about one thing. If its goes up from here and touch 50k and so on in next 2-3 years then I am a happy and prosperous guy like rest of WO's members, maybe early retirement at the age of 32-33 or perhaps not, only time can tell. However, I don't like the idea of early retirement only because I am workaholic, and more importantly, I love what I do for a living plus money is good too 

But if everything goes south, then my stash going up for sure. As I mentioned a few times, I am religiously stacking up BTC because my 50-80% salary comes in BTC and top of that I put fresh fiat regularly. Due to this, I am already sitting at little more than 2x what I had sold during my first bull run experience. not going to lie but these little pump hurt me sometimes, luckily i hardly cash out my BTC salary so in the end all good.

To sum up all gibberish, Mentally and financially, I am ready for all kind of situation.


PS : Yes, Sad for voodoo ritual 

o.k.. so fair enough... you want me to stop citing you as a possible sorcerer, especially when, in late March, you said that we would never see below $3,900 again, and I said that the odds were against you and so far you have ended up being correct and currently the odds are way the fuck in your favor.... hahahahahaha.. these times have changed... hahahaha..

I didn't really care, and surely I preferred up because I already have more than enough BTC.

Regarding stacking sats, yeah, just keep doing whatever you can do, and as the BTC price goes up, at some point it will become more clear to you what is the best thing to do.

Once you have enough to live passively off of the income does not necessarily mean that you should burn your bridges unless you know that you can still live comfortably off of such passive income, even if BTC were to take a 75% or so dip from the current price, whatever that is... so your comfort level may need to have a decent size cushion in order to really have fuck you money and to really say fuck you to your current most lucrative source(s) of worked-for income.  but yeah, 32-3 may be too young to retire completely anyhow, so if you just keep stacking sats, and if bitcoin keeps doing any kind of semblance of what it has been doing your level of "fuck you" status might end up rising so damned much that even if you are a bit older, you will still be in a very good position.. and better to have a bit more cushion anyhow just to make sure that you don't have to go crawling back to anyone and you really have your financial and psychological shit sufficiently in order.

[LFC_Bitcoin]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

Nice profit but why do you want all that dirty fiat? I much prefer to HODL bitcorn!
I’m here for a long time, amigo. That 24% fiat profit won’t look so good in a couple of years

[JayJuanGee]

Having said that, I do value my anonymity, which is why I can't disclose who I write for or what else I do to make ends meet.

You write -- loud 'n' proud -- for sportsbet.io. It's right there in your sidesig, ... whore.

That's true. I also have other writing jobs, believe it or not. Most recently I wrote a press release for Paxful. That was kind of interesting.

Every up/down, I make a profit.

Wow, you're making a profit every second of every day?

There might be quite a few reasons to razz jbreher, but this is not one of them....

Meh, anybody can say anything. I really only give credit to people who have the foresight to say something that turns out to be verifiably correct later.

O.k.  I am not afraid to give jbreher shit about a variety of things, including his bitcoin bashing, big block pumping or bcash uptalk, but the laddering shit is real, whether he is actually doing it or not might be another story.

Since breher decided to hit me with a golden firehose of merits I'm going to re-evaluate my attitude toward him, because I am a whore after all.

My g.f.: Come outside with me.
Me: Wait, I have to see where these new merits came from. Oh, they're from jbreher, that's weird.
g.f.: Why?
Me: Because I'm not very nice to him.
g.f.: Why you're not nice?
Me: Well, I dunno...

hahahahaha

You should still act like an angry cunt to him, if that is how you really feel.

You know that some of your last posts were a bit outrageous towards him in terms of criticizing certain decent points that he was making, but whatever, maybe jbreher just loves abuse?   

[JayJuanGee]

Fair enough, and yeah you should be sitting fairly

Aren't you up pretty late tonight / this morning?

Bots do not sleep - specially when there is so much



CCCIIIIIIIITEEEEEEEEEEEEE!!!!!!!!!!!!!


with bitcoin price action...

JJG you should sleep, must be late over there. no one going to delete their comment so you can reply them later. remember 6-8 hours sleep is good for health

Grandma told me the same thing, and I told her:   "You're not the boss of me!!!!!!"

[ivomm]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

This made my day 
Oh, dear, you are not joking.



Do you realize that if you bought and held since Jan-March to now, you would be sitting on at least 350% profit? I don't think there are sane peeps in this thread that enjoy 24% profitl?!? What is that?!? Not to mention the majority here who invested in 3 or 2 digits and still didn't cash out that much? You must be a newbie both to WO and Bitcoin. Oh, boy, another proof of my earlier posts that most of the daily traders barely get any % of profit, while hodlers enjoy profits like 3x-10x-100x etc... 

[Bossian]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

This made my day  
Oh, dear, you are not joking.



Do you realize that if you bought and held since Jan-March to now, you would be sitting on at least 350% profit? I don't think there are sane peeps in this thread that enjoy 24% profitl?!? What is that?!? Not to mention the majority here who invested in 3 or 2 digits and still didn't cash out that much? You must be a newbie both to WO and Bitcoin. Oh, boy, another proof of my earlier posts that most of the daily traders barely get any % of profit, while hodlers enjoy profits like 3x-10x-100x etc...  

Then please read the very first post of this thread, bro. Read it. It mentions TA. This is supposed to be a thread when we share trading strategies.
My +24% profit was made in 1 month. What do you know about what I did in January or February this year? Few pages ago I said that I was trading at least once a month, so I obviously I did some profitable trades in the last 8 months, bro.

What's the point of this thread if the sole purpose is to post all day about "I am still holding since 2012, not selling yet!"  ? ? ? ?

[Bossian]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

Nice profit but why do you want all that dirty fiat? I much prefer to HODL bitcorn!
I’m here for a long time, amigo. That 24% fiat profit won’t look so good in a couple of years

My thinking now is that the price may go down close to 10k, then I will probably buy again. But to each their own.   

[LFC_Bitcoin]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

Nice profit but why do you want all that dirty fiat? I much prefer to HODL bitcorn!
I’m here for a long time, amigo. That 24% fiat profit won’t look so good in a couple of years

My thinking now is that the price may go down close to 10k, then I will probably buy again. But to each their own.   

Whatever works for you mate. I bought most of my coins at 3 figures & still haven’t sold. I respect if you want to play the market & buy low, sell high but I don’t like to think about the risks of selling & buying back more expensive if it goes up.

Just try to always keep some that you don’t trade with.

[_javi_]

A good day.

Sold 30% of my assets for a +24% profit.

Best of luck everyone.

and we wish you the best of luck with your gambling