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

[Lambie Slayer]

I think we need a countdown fellas

245 days into the new BTCull Market and all is well  


via Imgflip Meme Generator

Gnight WO gents. Gonna sleep off some booze.

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[El duderino_]

https://twitter.com/cryptanzee/status/1036565758506160135?s=21

 

[HairyMaclairy]

I don't understand how I am bearish with all the charts I've shared.

There isn't a single bearish chart I shared in the last 6 months at least.

All I said was "If it drops below that level I am a buyer but I think and want it to go up." Corrections will happen just like it happened before. They may be big or small but they do happen and every once in a while they create a good buying opportunity especially in bull markets. Like it or not, they do happen.

I couldn't believe it when serveria called me a bear and now there are 3 of you guys.

I think you need to read my posts more carefully. I don't know how many times I repeated that we are in a bull market I am not going to quote those posts because at this point I am starting to think that I am being trolled.

P.S. Leave lambie alone.

Hey man you are a bear. 




Now there are four. 

[mindrust]

Hey man you are a bear. 




Now there are four. 

Even though I am not, let's say I am, and?

[Cryptotourist]

Now there are four. 

Yeah, the Fantastic 4.
And to think we are all part of the inglorious bastards.
(apart from da r0ach obviously)

#

Even though I am not, let's say I am, and?

He is fucking teasing you at the worst possible moment of course.

[SuperTA]

Hey man you are a bear. 




Now there are four. 

Even though I am not, let's say I am, and?

and...the bears are very popular here on bitcoin forum, obviously...

[vapourminer]

I do believe as well they are good hodlers, just wanna talk there possibilities and wanna hear what other long-period BTC'ers think of there way of thinking and market behavior etc

BTC still is a very unknown thing where lots and lots of talk and thinking around is needed

I also think a few bucks lower of price thinking ain't gonna affect any of the real WO-members in here .....

ive managed to hodl an ok percentage of my total btc since i started mining in 2011. ive lost some, been scammed out of some, locked some up so tight i cant retrieve them (overly complicated storage schemes; i keep forgetting how stupid i am). so, oops. and early on i did sell as i (well, my wife.. had to prove to her that these majik internetz bitcornz was "real") felt the need to, mainly as "upgrades" to vacations or toys or whatever. something we normally would not splurge on. but it was always a small percent of my stash as i always figured it would go way up in value eventually.

now being more or less financially ok in the 1st place helps a lot too. why sell if you have the fiat you need for whatever at that time. so for a few years (2013-2016 maybe) i just ignored my corn. no mining, no trading. watched my stack go up to ridiculous values and drop to ridiculous values. many times. never bother selling at highs as i didnt need to. and didnt panic at lows because i had wrote that initial money for the mining rigs off pretty much right away. so might as well keep them and see what happens. after all this is (still) one heck of a grand experiment, and i want to be part of it.

of course now many years later, for various reasons (read:mostly laziness) my stack is now worth a decent amount. so now im starting to cash out and set some plans in motion. fiat does have its uses at the moment.

still mine a bit, mostly shitcoins to trade for btc. so theres always some dribbling in.

as long as you didnt put in more than you can lose you shoudnt have a problem hodling. now when that initial small amount grows to seriously life changing amounts and you still hodl, well, thats a hodlers hodler.

my bottom line stratagy: pay no attention to the current price. buy when convenient (ie extra fiat), sell when only needed (to accomplish a significant goal). with btcs general performance so far, its hard to go wrong wherever you are on the curve at the moment, as it will almost certainlky do its crazy near parabolic thing again. hopefully upwards. of course past performance does not blahblah. this whole thing could also crash to zero overnight)

[jbreher]

You seem to be describing Armageddon-like scenarios in which gold might prosper in such a way that is appreciating 10x or more from current value, ... unlikely scenarios, but we might chose to make 1% to 10% of our investment choices based on such scenarios, especially if we assign them a high probability (such as 10%, which seems a bit high to me, but might seem reasonable to some of the Armageddon nutjobs out there)

Q: Given an unending supply of inflationary medium, how long can a balloon keep expanding?

A: Exactly until the internal inflationary forces overcome structural integrity, causing balloon to burst.

- jbreher, proud monetary armageddonist nutjob since long before the turn of the millennia

Noted:  Jbreher admits to being one of the armagaeddon nutjobs.  Hopefully, you, jbreher, are not staking too much of actual value (more  than 10% - or even up to 20% in really seemingly stupid-ass crazy dedication)  on such an unlikely scenario.

I don't know when, but I'm 99% certain there will be a grand worldwide monetary reset within my lifetime. Perhaps as early as next week.

Oh gosh... That seems to be a high level of certainty that you are placing on something that I attribute, approximately 1% odds.

Maybe that is part of the explanation for our differing views?

Perhaps, but likely only in respect to closely-related topics.

Q: Do you believe the insiders (e.g., Paulson, Geithner, Bernanke, et al) who stated back in 2008 the world was close to a complete and total financial meltdown?

Q: What changes enacted since then to stave off the possibility of further such events have actually made progress towards that objective?

[El duderino_]

1. Hong Kong unrest continues
2. Argentine Peso collapsed
3. 2yr/10yr Treausry spread inverted
4.
@Bakkt
 approved for Sept launch
5.
@coinmine
 raises $2.5 million
6. Seed CX test swaps settled in BTC
7. Bitcoin is still not dead
8. Micg goes for Saturday evening dinner 

Onwards! 🙏🏽

https://twitter.com/APompliano/status/1162697492393275392?s=20

[Raja_MBZ]

Bitcoin dominance is about to hit another yearly high as well. I'd not be surprised if its dominance actually manages to hit about 70% by the end of the year:



Alts are probably going to bleed more from here if BTC doesn't stabilize! Ain't it amazing?

Update:

[d_eddie]

Omg, my backlog grew epically. I can't think of getting back home to a few hundred pages. I only have checked the price a few times during these days, but I was able to see sub 10k and back up. All seems normal on bitcoinland.

[Biodom]

Why, suddenly, there is a discussion on whether bearish opinions are even welcomed.
You can be a short term bear, but long term bull. Heck, you can even be a long term bear as long as you describe your opinion intelligently.
Here, like on the stock boards, some people always mistake an opinion with an ability to influence the price.

Personally, I like to look at charts and various scenarios.
If you are 100% bitcoin with no cash/stocks cushion, this makes you inflexible and unable to get bargains on the dip.
Obviously, a mistake, in my view.
Anyone has their own diversification criteria, though. What could be OK for some is an insane gamble for others.

My criteria has always been: try to accumulate as much btc as possible, but have enough fiat investments so I can retire (eventually) on those plus soc sec. Bitcoin being super unconventional investment is a great stimulant and hope, but I never counted on it to make my ends meet. I believe, this gives me freedom to evaluate the trend better, hopefully, albeit I never shorted btc (so far).

[VB1001]

Gold



First Gold ETF launched 2003



Bitcoin



Interesting, if the same reaction occurs in Bitcoin, it will be fun.

 

It's just an idea of ​​a Saturday afternoon with a hot summer that is affecting my neurons.

[Cryptotourist]

Here is a good name for it: WO



This Bitcoin Sex Toy Vibrates More or Less Depending on the Cryptocurrency’s Value

"CamSoda — the porn tech company that brought us teledidonic blowjobs, a pussy eating app and a virtual reality gas mask for smelling someone’s cyber-panties — has created a new novelty gimmick for fans of cryptocurrencies like Bitcoin — a Bitcoin sex toy! It’s a bluetooth remote control vibrator whose pulsations increase or decrease depending on a Bitcoin’s rising or falling market value."

Stamp price ffs.

[Biodom]

Interesting, but, hopefully, btc will run further as gold peaked at $800 in around 1980, then peaked in 2011 at around 1800.
Providing similar proportions to btc would result in the $44.5K target for btc (before correction). Some people might be disappointed (expect more).
Of course, it does not have to match.

Historically, there is one interesting notion re gold market... the saying goes like this: the value of Dow and gold price in $$ always reach parity (1:1) at some point (their respective charts intercept or get very close).

Whether it would be 25000 Dow and 25000 gold or 12000 Dow and 12000 Gold or anything in between or below, but, historically, chart intercept always happened in 20th century (on multiple occasions).

Maybe we should predict a similar intercept for the Dow/bitcoin price  

[VB1001]

In WO there are more bulls than bears, more strong hands than weak ones, but each one sees the market with their perspective, there is no problem, nobody should buy or sell for the comments that are published.

I don't think Lambie or mindrust are bears, they only express their market sensation.

[AlcoHoDL]

Interesting, but, hopefully, btc will run further as gold peaked at $800 in around 1980, then peaked in 2011 at around 1800.
Providing similar proportions to btc would result in the $44.5K target for btc (before correction). Some people might be disappointed (expect more).
Of course, it does not have to match.

Historically, there is one interesting notion re gold market... the saying goes like this: the value of Dow and gold price in $$ always reach parity (1:1) at some point (their respective charts intercept or get very close).

Whether it would be 25000 Dow and 25000 gold or 12000 Dow and 12000 Gold or anything in between or below, but, historically, chart intercept always happened in 20th century (on multiple occasions).

Maybe we should predict a similar intercept for the Dow/bitcoin price  

You forgot to include one CRUCIAL ingredient in your Gold-Bitcoin comparison:

The 2020 Bitcoin Halving Event!

As I always say: GTCTTWW!
IOW: HoDL!

[jojo69]

BTC:DOW 1:1 is going to be one of those milestone ratios like BTC:Gold that we are going to pass forever and leave far, far behind.

[Biodom]

BTC:DOW 1:1 is going to be one of those milestone ratios like BTC:Gold that we are going to pass forever and leave far, far behind.

Hopefully, and then, eventually, BTC:BRK-A 1:1.

[BitcoinGirl.Club]

Update:

Moving towards the ATH. ALTs are having serious declining.

Observing @ $10,310