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

[JayJuanGee]

Buying bitcoins in a few years...


https://twitter.com/RedditBTC/status/1158354120706838528?s=20

Haha, love that!

Us looking at our cold storage stash in 2022.

Btw, this is a reason why we BTC

FFS

Is that Vod, by the way

hahahahahaha


Surely would be funny to lure (or troll) Vod into this thread and to test his level of bitcoin dedication.   I cannot recall him ever posting in this thread.  Hm?

[JayJuanGee]

OMG I can"t believe that I'm about to turn in my resignation letter to the government tomorrow after I decided to go all in on Bitcoin and Blockchain technology.

I'm scared, nervous, excited, and happy all at once. No guts no glory.

Hello Crypto revolution!



https://twitter.com/TheCoinDad/status/1158209187178012672?s=20


I have to say, i'm not advising people to do exactly this..... But F*** I do say don't take this mainly BTC investing to soft cause you might regret....

For me and imo the rule of only invest what you're willing to lose applies more on the sh*tcoins (ALT-coins)

I do not believe to "only buy BTC with what you're willing to lose, cause for me buying BTC= winning big time"

I don't say buy, lay back and tomorrow you be rich, No no noooo... keep working keep creating wealth, but to buy pieces of BTC with that cash flow, also keep learning reading everyday and try to use BTC where and when you can.....

Srry, but for me the time of saying only invest what you are willing to lose = over


Now, I say... buy to be safe !!!!!!!!!

I will say, Mic, that the point with this kind of action should not really be so much about how much to invest, but rather about whether how much that a person has already invested has given that person enough security to be able to have reached a certain level of fuck you status.

Of course there are levels of fuck you status, and surely some people want to get freed from some of their JOB obligations before they have even achieved full fuck you status.

So, in some sense, an investment of "time" into BTC (or it seems to be a bit more a convoluted "crypto" concpet with this guy?) does become an additional aspect of investment that the guy might believe will pay off enough that he can move away from a current income stream that he does NOT consider to be as self-fulfilling as bitcoin/crypto.

[LFC_Bitcoin]

Buying bitcoins in a few years...


https://twitter.com/RedditBTC/status/1158354120706838528?s=20

Haha, love that!

Us looking at our cold storage stash in 2022.

Btw, this is a reason why we BTC

FFS

Is that Vod, by the way

hahahahahaha


Surely would be funny to lure (or troll) Vod into this thread and to test his level of bitcoin dedication.   I cannot recall him ever posting in this thread.  Hm?

Vod is very, very wealthy from bitcoin. I’d say only possibly Bob or another person (who I won’t name as he may not want me to) are on a similar monetary level as Vod.

[fillippone]

A few hours ago PlanB tweeted:

China / Hong Kong situation is Cyprus ^ 2: mass capital exodus (think trillions $). China devaluating CNH > 7$ #bitcoin 🚀🚀🚀

https://twitter.com/100trillionUSD/status/1158226096325705728?s=20


Well, things are going south:
USD CNH:
https://www.fxstreet.com/news/usd-cnh-rallies-to-fresh-highs-as-us-treasury-calls-china-as-currency-manipulator-201908052232

USD HKD
https://www.bloomberg.com/news/newsletters/2019-08-05/currency-manipulator

Crypto Calm
Investors looking for a place to hide are finding an unlikely safe haven: Bitcoin. Securities such as sovereign bonds and gold rose as China fired back in the trade war, but so too did major cryptocurrencies. They're increasingly seen as a refuge during distressed times, with Bitcoin gaining more than 14% and smaller peers including XRP and Litecoin each rising more than 5%. The Swiss franc led G-10 currencies on traditional haven buying, which also sent gold higher.

I think this is the main reason behind this green move.

Trump said China is Devaluing FX and playing unfair..
WOW
Who was the first to play with currency starting QE?

Go bitcoin GO!

[STT]

I would argue to always stay diversified as possible but I've no idea on personal details and where the correct balance lies for anyone of course.    Too many people are way too stressed in their jobs and stress will damage your health no doubts but thats not often considered fully.

LFC great post, I do think similar.  It would seem BTC is reacting to monetary policy which is weaker and DOW for now is speculating on future trade flows, any barrier to trade being a negative opposite to the benefits mutual trade can bring.
Yuan being devalued which is no benefit to the people who must suffer that cost encourages greater usage of BTC across the population of communist china who miss the benefits capitalism should bring them.

Bullish video by nic trades - https://www.youtube.com/watch?v=vt-qhanpvQ8
https://youtu.be/bqDZyuJmQeo?t=391

start of HFMO (hatred from missing out)

Never really agreed with this narrative though I realise its not completely serious but BTC has to circulate as some kind of economy, at every price it has to be reasonable to buy or sell.   Monetary velocity would be smarty pants take on that, lots of circulation is good for underlying value from that usage.

[El duderino_]

Gonna catch up tomorrow

Into HODLsleep

Good night WO brothers

[600watt]

there is a big fat 400btc wall on stamp at $11800 being eaten.

discussobserve for the sake of the title of this thread.

edit:

also check out:

http://data.bitcoinity.org/markets/books/USD

[HairyMaclairy]

[HairyMaclairy]

New daily and she’s starting her day right in the green

[fabiorem]

Money makes you think twice on who you let into your life.

True.

[Majormax]

During the winter of 2019 I was mentally preparing for 10K sometime around Dec 2020. I wouldn't give even a 1% chance to stay above 10K in the Summer of this year. For >20K It didn't even cross my mind it was possible this year. But here we are - nearly 12K for the 3rd or 4th time this Summer. With that pace we will be >20K way too soon than most of us expected.

I've read multiple times by newbies in this thread that the 2017 run can not be repeated because then Bitcoin was in the news all over the world and that caused the run. This is BS! This happened in late November and early December when we were already around 10K. Do you think that many peeps that heard about Bitcoin, say in 1. Dec 2107 registered in some exchange and bought by 15Dec? No! I know thousands of people because of my occupation and I must tell that not even 0.1% of them bought bitcoins. On the contrary, because of their ignorance some of them bought the leading 3 shitcoins which names I don't want to write. Why - because they looked cheaper from a few dollars to several thousands (never heard of a market cap, n00bs). Now each of them changed their mind and regrets for not buying at 3K. I encourage them not to wait anymore but to act decisevly and invest now.

TD;LR What happens now is a natural growth because of the lack of supply. The average Joe is much more informed now and prefers to buy and hodl and not to gamble on exchanges. There are some psycological barriers like 20K, 50K, etc. but with time each of them will fall. 286 days before the halving and nothing to be afraid of. Buy and hodl!

IMV 14k is the real key resistance. Fair chance that will hold into 2020. The reason is because the exponential spike failed just below 14k, and these runs always create hard overhead resistance. The flipside to that is, if 14k is decisively broken soon, it shows there is a lot of relative strength....and 20k is next stop.

[HairyMaclairy]

I think it is very brave to bet on $14k holding until 2020.  Five months is a hell of a long time in Bitcoin.

[Majormax]

I think it is very brave to bet on $14k holding until 2020.  Five months is a hell of a long time in Bitcoin.

Not betting on it, I don't make predictions, but that's where the resistance is. My philosophy is always to treat future prices/events as a probability range. I always take note of other opinions.

The 14k overhead would normally take a lot of work to break through. In the event it happens quickly, that's an extra-bullish sign.

Yes, you're right 5 months is a long time in the markets especially BTC.

[Searing]

OMG I can"t believe that I'm about to turn in my resignation letter to the government tomorrow after I decided to go all in on Bitcoin and Blockchain technology.

I'm scared, nervous, excited, and happy all at once. No guts no glory.

Hello Crypto revolution!



https://twitter.com/TheCoinDad/status/1158209187178012672?s=20


I have to say, i'm not advising people to do exactly this..... But F*** I do say don't take this mainly BTC investing to soft cause you might regret....

For me and imo the rule of only invest what you're willing to lose applies more on the sh*tcoins (ALT-coins)

I do not believe to "only buy BTC with what you're willing to lose, cause for me buying BTC= winning big time"

I don't say buy, lay back and tomorrow you be rich, No no noooo... keep working keep creating wealth, but to buy pieces of BTC with that cash flow, also keep learning reading everyday and try to use BTC where and when you can.....

Srry, but for me the time of saying only invest what you are willing to lose = over


Now, I say... buy to be safe !!!!!!!!!

Yep, did the same on 1/14/18. Thought the Altcoins would tide me over for 2 years and 5 months till full 66 years and 2 months soc security and traditional investments.

oops. burned thru altcions in 2018 to stay at my 'lovely' 3.2k a month lifestyle.

working 3.2k month ave say pay lifestyle

retired on crypto 3.2k a month ave on pay lifestyle

just poked the bear and living on traditional investments before they pop downward in what I expect is a recession (20% downturn = recession, I expect 40% or so)

you guessed it 3.2k a month lifestyle as set up in the 'old guy' safe/maintain stock adjustment to keep same with traditional investments

So, even if crypto did go full tulips, it allowed me to retire 3 years early more or less.

BTC stays above 11,000 USD in some manner thru halving and I'm golden. That is just plain HODL 'gravy'

(be boring, live modestly, have no debt, drive a rusty car, etc)

Living the life, of 'dubious' old fart, under the radar, planning. snicker

[Zaanda]

After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators,  I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.

The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin.   selling off of the alt coins keeping bitcoin high for now.  Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow.   Looks very foolish from my view to buy here no matter what happens this week.

Yeah.  It surely would be foolish for you to buy back in, and surely a 35% price drop was not enough, especially given how far BTC had come up in only 3 months (3.5x).  You gotta at minimum wait for 45% to 50% drop, and perhaps even more.  Surely you are doing the right thing.

I am quite confident that bitcoin does not punish traders like you.

 
Bitcoin is a cryptocurrency not a person or organization,  do you think the traders like to punish people or make profits?   The seller walls and buyer walls you are just a nobody.

[smartcomet]

https://www.reddit.com/r/Bitcoin/comments/cm9wrl/5_billion_zimbabwe_dollar_bill_this_is_the_best/

[JayJuanGee]

Buying bitcoins in a few years...


https://twitter.com/RedditBTC/status/1158354120706838528?s=20

Haha, love that!

Us looking at our cold storage stash in 2022.

Btw, this is a reason why we BTC

FFS

Is that Vod, by the way

hahahahahaha


Surely would be funny to lure (or troll) Vod into this thread and to test his level of bitcoin dedication.   I cannot recall him ever posting in this thread.  Hm?

Vod is very, very wealthy from bitcoin. I’d say only possibly Bob or another person (who I won’t name as he may not want me to) are on a similar monetary level as Vod.

Ok.  without necessarily getting stuck on Vod, exactly, maybe we could concede that a decent amount of bitcoin equals very very wealthy.... and perhaps in the 2015 time frame there were some folks who were in the multiple of thousands of bitcoin that were considered to be very very wealthy from bitcoin, so maybe more recently we have considered in the about supra 500 BTC to be in the very very wealthy category.

Seems like in the near future we will be able to widdle that down a bit to the supra 200BTC and the supra 100BTC, which maybe we have to get into the $30k to $50k arena before those levels of BTC stash are going to start to be considered very very wealthy from BTC.
Maybe once we get above $100k, assuming that we do, then it will be reasonable to start to categorize upper double digit BTCers as very very wealthy from BTC...

Just a matter of time... just a matter of time, and more and more HODLers going to be considered very very wealthy from BTC.

Many of us have probably heard the speculation that we are in the midst of witnessing the early stages of one of the greatest transfers of wealth in modern history.. and the category of transfer is from no coiners who had had traditional wealth to coiners who had not had traditional wealth.  There are going to  be some coiners with traditional wealth who are able to hang onto their wealth and to increase their wealth, too.... but I suspect that many of us kind of understand the principle, even though we have some reservations regarding whether it will actually occur, how much it will occur and how long it will take to occur. 

Coiners rejoice.

Yeah there are certainly going to be degrees of coiners, just like there are some really BIG coiner players who have in the 5digit quantities of coins who had really reached a decent stride in wealth during the 2013 price rises.  Surely the newer newly rich have been reached in the 4 digits and kind of already reached into the upper 3 digits.  Little by little reaching into the lower 3 digits, and we are hoping to reach into the 2 digits. 

Nonetheless, any level of bitcoin  should be putting folks ahead, even if they are not exactly in the very very wealthy from their bitcoin, yet.. and even if they are not going to be able to achieve some of the higher levels, they should just be attempting to achieve whatever level is reachable by them, even if it is only single digits and even if there are some struggles to reach 1 bitcoin.. .   

[JayJuanGee]

I would argue to always stay diversified as possible but I've no idea on personal details and where the correct balance lies for anyone of course.

You should not diversify for the mere sake of diversification, should you?

Don't get me wrong, I believe in some diversification, but you don't want to diversify into shit, and it is not necessarily good to diversify into assets that are likely to be highly correlated, either.

   Too many people are way too stressed in their jobs and stress will damage your health no doubts but thats not often considered fully.

Can cause a motivation for achieving a kind of passive income status; however, like you suggest, if they do not quite realize how much their jobs are "stressing them out," then they could be causing irreversible if they do not identify the problem early enough.

[JayJuanGee]

OMG I can"t believe that I'm about to turn in my resignation letter to the government tomorrow after I decided to go all in on Bitcoin and Blockchain technology.

I'm scared, nervous, excited, and happy all at once. No guts no glory.

Hello Crypto revolution!



https://twitter.com/TheCoinDad/status/1158209187178012672?s=20


I have to say, i'm not advising people to do exactly this..... But F*** I do say don't take this mainly BTC investing to soft cause you might regret....

For me and imo the rule of only invest what you're willing to lose applies more on the sh*tcoins (ALT-coins)

I do not believe to "only buy BTC with what you're willing to lose, cause for me buying BTC= winning big time"

I don't say buy, lay back and tomorrow you be rich, No no noooo... keep working keep creating wealth, but to buy pieces of BTC with that cash flow, also keep learning reading everyday and try to use BTC where and when you can.....

Srry, but for me the time of saying only invest what you are willing to lose = over


Now, I say... buy to be safe !!!!!!!!!

Yep, did the same on 1/14/18. Thought the Altcoins would tide me over for 2 years and 5 months till full 66 years and 2 months soc security and traditional investments.

oops. burned thru altcions in 2018 to stay at my 'lovely' 3.2k a month lifestyle.

working 3.2k month ave say pay lifestyle

retired on crypto 3.2k a month ave on pay lifestyle

just poked the bear and living on traditional investments before they pop downward in what I expect is a recession (20% downturn = recession, I expect 40% or so)

you guessed it 3.2k a month lifestyle as set up in the 'old guy' safe/maintain stock adjustment to keep same with traditional investments

So, even if crypto did go full tulips, it allowed me to retire 3 years early more or less.

BTC stays above 11,000 USD in some manner thru halving and I'm golden. That is just plain HODL 'gravy'

(be boring, live modestly, have no debt, drive a rusty car, etc)

Living the life, of 'dubious' old fart, under the radar, planning. snicker

If BTC stays $11k through May 2020, then you are not cashing out any BTC, or you are planning to cash out some BTC between now and May 2020, but you have to cash out fewer BTC as long as the BTC price stays higher?

[JayJuanGee]

After selling at 13050 on the july 10 peak after following the advice of a few tradingview commentators,  I thought about buying back but noticed the same thing happening as the june 26 and july 10 peaks.

The alt coins have started to dump in the last couple of hours and bitcoin stays level, kept fed because all the alts are paired to the bitcoin.   selling off of the alt coins keeping bitcoin high for now.  Would not supprise me if bitcoin in turn drop again at the daily close or maybe tomorrow.   Looks very foolish from my view to buy here no matter what happens this week.

Yeah.  It surely would be foolish for you to buy back in, and surely a 35% price drop was not enough, especially given how far BTC had come up in only 3 months (3.5x).  You gotta at minimum wait for 45% to 50% drop, and perhaps even more.  Surely you are doing the right thing.

I am quite confident that bitcoin does not punish traders like you.

 
Bitcoin is a cryptocurrency not a person or organization,  do you think the traders like to punish people or make profits?   The seller walls and buyer walls you are just a nobody.

O.k...   I don't necessarily disagree with you that BTC is not an actual person, but you realize that whale manipulators are going to attempt to push the BTC price as long and as hard as they are able to in order to cause a decent amount of pain on people and so if you are on the wrong side of a trade, then these people, who are whales, might be stacked against you.  You realize that, right?

Or maybe you think that you are on the right side of a trade and you have the price movement figured out?  You have had an opportunity for buying back after a 35% BTC price drop, but still you did not even buy back any because you believe that the drop needs to be more?  The more of you that stack up expecting for more price drop the more that some of the whale manipulators are going to consider it easier to push the BTC price up, rather than down.

I am not saying that for sure you are not right, but I am suggesting that there are moderate approaches that might not make as much money but they do not lose as much either in the event that the price moves against you.

You also realize that ever since BTC prices broke above $4,200  on April 1, there have been a lot of DOWN betters doubling down with expectations that the price would go down and several of them are still likely hanging out, like you, just ripe for the slaughter with some continued upwards price movement.  Surely I don't really know, but surely I do not gamble like you seem to be doing, either, so hopefully, in the end, you are prepared for BTC price movements in either direction, because it is far from obvious that more BTC price correction is needed at this particular time in order for the BTC price to resume upwards.