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

[JayJuanGee]

is it safe to invest in btc now?

No.

It's never safe.

Better to hold onto dollars in order that you can pay your rent and buy your food.  That is safe.   





 

[1713867680]

1713867680

[SuperTA]

Altcoin dominance

Altcoins losing support. If the candle closes bellow this support it can go really bad for altcoins, possibly going to 20% dominance or even lower. You can see where the next support is, the green line bellow around 18%-20%.

[Biodom]

@Biodom
Give me some of that sweet, sweet HOPIUM  

that was not enough?  

in a fight between nice nippie pics and btc price projections, btc price wins for me, but I do appreciate the former.

[podyx]

is it safe to invest in btc now?

My guess is we'll be taking off to $50k+ in a few months

[GreatArkansas]

Daily Stochastic RSI of Bitcoin, almost the same as before, last July - August when it dumps from $13,000 to $9,300 and after it touched the bottom oversold area, it goes up to $12,000 area.
Touching bottom around $9,200 area almost 3 times since July.

[El duderino_]

#HODLsleep!!!

[SuperTA]

#HODLsleep!!!

[GreatArkansas]

Hourly trendline break out.

Possible pullback around $10,000 would be healthy for this, especially if we can now maintain above of 20 an 50 MA. The volume looks good and the current Bitcoin dominance is 70%.
#HODL

[Searing]

Pointing in the right direction, let's go !!! BTC

I was about to send you a smerit for this lovely pic; however, I was not sure about the symbolism of it?  Does it mean top?  or a double top? 

TLDR:  looks simultaneously nice and scary

I figure I need about $30k BTC to have a 'shot' at even getting dinner with her. Of course, she would have to be a Bitcoin Gold Digger.

Then again, I"m an old pervert for suggesting the above.

Meh! We all have our faults.

(Amazing how much more attractive I become to the world as Bitcoin goes up in price, go figure)

Brad

[HairyMaclairy]

2015 fractal that everyone loves to hate

[JSRAW]

#HODLsleep!!!

I am up.... 21 hours and counting  

~Snip
and it might even end up being on thursdays...   go figure.      

Sacrificing Bhai?

[HairyMaclairy]

Observing page 24,900.

Only 100 pages to go to 25 kilopages!

[degxtra1]

2015 fractal that everyone loves to hate

Not everyone
If this  amplification still hold we can expect 25K by end of October. Less than 60 days.
Crossing fingers.

[SuperTA]

Bitcoin Bull and Bear Cycles & halvings

from Chico Crypto

[GreatArkansas]

Here we go $11,000

https://www.reddit.com/r/Bitcoin/comments/cyv9yr/technical_analysis_reveals_danger_to_11k_castle/

[btcbeliever]

One more BTC bull run and that's it. I'll be unemployed, living on passive income just like makrospex.

Merited, but bitcoin does not provide passive income, unless you are into rehypothecation games with blockfi, etc.
BTC is a hard money, but you need to exchange it to soft money to live off of (for now).

It's totally possible to replace a salary with interest payments on Bitcoin holdings without selling.
If you have held for enough years.
The only option I know is Celsius.

yes, blockfi and Celsius, but such interest is not "native" to bitcoin blockchain and comes from a third party re-hypothecating your btc that you "lend" to them.
Essentially, you have to assume that they don't go belly up somehow and would always return your btc.
Do you feel lucky, hodler?

That is true, you must investigate their reputation and trust them.

I've held since 2013, i feel like I earned the reward.  Superhuman patience is required that very few posses.

Freebitco.in gives you %4.08/year with a daily compounding interest. I have some bitcoins there. A bit risky but I am biting the bullet here.

I have been biting at the chomps about whether I should respond to this thread of conversation, and you surely have to weigh your risks when you put some of your BTC stash with some of those third party entities to "earn interest."

I can surely understand the urge to earn more BTC, but there is really no free lunch, and personally, I think that many peeps are going to be way the fuck better off to just accumulate as much BTC as you can by just buying it or any other reasonable way that is available to you without putting your principle at unnecessary risks.

Accordingly, if you are able to accumulate a sufficient amount of BTC, then you can live off of it's likely appreciation in value, which seems to be goddamned likely, especially if you have at least a 5 year timeline (3.5 years has been the historical bare minimum in BTC, but history does not guarantee future results). 

So, I am suggesting to accumulate enough that you can calculate a withdrawal rate that goes to a decent amount of years in your life that is likely to only affect maintenance levels of withdrawal of your BTC but then you can also go on a more aggressive withdrawal rate if you believe that your life is going to end at a certain period of time (which is likely difficult to measure with any kind of precision).

In previous posts, I have gone into detail about what I would consider to be a reasonable maintenance withdrawal rate, which is 1% per quarter.  Anyhow, you can apply BTC quantities to your own life style situation (or expectation of standard of living) to figure out how many BTC you would need in order to be able to sufficiently use BTC income to pay for all of your expenses or to supplement any other income that you might have in order to achieve a maintenance level of withdrawal versus a depletion of principle rate of withdrawal.  Of course the depletion of principle rate of withdrawal is the more aggressive of the withdrawal systems.

Check out Alex mashinsky's background, he's CEO founder of Celsius.  I think putting 30% of holdings with him is a good risk level, if you have alot accumulated.  I spend the interest as I get it, I'm retired.  And prefer to sell Bitcoin when it's overvalued then spend it now.  But if there's other ones out there, would like to investigate those as well.  Blockfi has very low lending limits.

[realr0ach]

Women run modern civilization.  It is a gynocentric empire of nothingness with men as their work mule donkey slaves.  The man essentially wastes his life to facilitate the woman's mindless desires about things like diamond rings and $100k weddings purchased with debt.  There is no way out of that paradigm until men boycott marriage entirely.  Since women are unable to compete against men as a group in anything, they will then fall into poverty and powerlessness and be forced to negotiate with men on their terms instead of the ball being in their court.  Shouldn't take very long for this to happen naturally since a man in current day would have to be completely insane to want to get married in the first place.

I’m not even 35, I’ve been with my girl for 11 years & we’re not even engaged & we have no children. Lots of people think it’s weird but we’re selfish & we like to do what we want to do, not what others want & expect

I'm 33 and have been with my (now wife) for 15 years... only been married for 4 of those years however. Don't let other peoples ideas of "what is right" dictate your relationship. People have constantly asked us when we are having kids and when we tell them we aren't we are looked at like we have some sort of mental condition. But it works for us, we enjoy our lives and don't see a reason to change.

People like r0ach are just bitter, twisted men who think all women are pieces of shit. Sure some are... but so are some men too

I am in the business of risk management.  A marriage is the act of a man signing a contract with the government that says women are his equal.  If you don't believe women are equal, why would you ever sign such a contract?  In modern context, the contract doesn't even play out as women being equal; it's a contract elevating women above you as your superior with more rights.  On a long enough timeline, it's just not possible for such an illogical, bizarro world system to continue.

My son Infofront in this thread himself is married and refers to women as "large children".  I would elaborate on that definition more as "large, irrational, emotionally unstable, and erratic, large children".  It's completely insane to sign any type of government contract granting such a creature any power over you as a man.  The only way marriage would make any sense for a man is some sort of pre-industrial revolution-style marriage back when women had zero rights and couldn't vote either.

As a side note, during the early Trump election era there was a period of time where all shitposters on the internet kept referring to leftists as cuckolds and kept trying to define what an "alpha" or "beta" male is.  I thought it was funny how some random Indian guy I know - that's a leftist who I have nothing in common with besides the fact he thinks marriage is a stupid idea for men - stated the fact that ANY man who wants to get married is a cuckold by default.  I thought, you know, this guy is actually right.

[Negotiation]

Observing
Wall Observer Page No 24900 probable End soon.

[Negotiation]

Here we go $11,000

https://www.reddit.com/r/Bitcoin/comments/cyv9yr/technical_analysis_reveals_danger_to_11k_castle/

Bitcoin price prediction: BTC/USD upside trend gains momentum  - Bitcoin confluence

Resistance levels
$9,900 - SMA50 (Simple Moving Average) 4-hour and SMA200 1-hour, the upper line of 1-hour Bollinger Band
$10,000 - Pivot Point 1-day Resistance 1, 23.6% Fibo retracement monthly.
$10,400 - Pivot Point 1-week Resistance 1, SMA50 daily.



Source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-prediction-btc-usd-upside-trend-gains-momentum-bitcoin-confluence-201909021124

[HairyMaclairy]

One more BTC bull run and that's it. I'll be unemployed, living on passive income just like makrospex.

Merited, but bitcoin does not provide passive income, unless you are into rehypothecation games with blockfi, etc.
BTC is a hard money, but you need to exchange it to soft money to live off of (for now).

It's totally possible to replace a salary with interest payments on Bitcoin holdings without selling.
If you have held for enough years.
The only option I know is Celsius.

yes, blockfi and Celsius, but such interest is not "native" to bitcoin blockchain and comes from a third party re-hypothecating your btc that you "lend" to them.
Essentially, you have to assume that they don't go belly up somehow and would always return your btc.
Do you feel lucky, hodler?

That is true, you must investigate their reputation and trust them.

I've held since 2013, i feel like I earned the reward.  Superhuman patience is required that very few posses.

Freebitco.in gives you %4.08/year with a daily compounding interest. I have some bitcoins there. A bit risky but I am biting the bullet here.

I have been biting at the chomps about whether I should respond to this thread of conversation, and you surely have to weigh your risks when you put some of your BTC stash with some of those third party entities to "earn interest."

I can surely understand the urge to earn more BTC, but there is really no free lunch, and personally, I think that many peeps are going to be way the fuck better off to just accumulate as much BTC as you can by just buying it or any other reasonable way that is available to you without putting your principle at unnecessary risks.

Accordingly, if you are able to accumulate a sufficient amount of BTC, then you can live off of it's likely appreciation in value, which seems to be goddamned likely, especially if you have at least a 5 year timeline (3.5 years has been the historical bare minimum in BTC, but history does not guarantee future results). 

So, I am suggesting to accumulate enough that you can calculate a withdrawal rate that goes to a decent amount of years in your life that is likely to only affect maintenance levels of withdrawal of your BTC but then you can also go on a more aggressive withdrawal rate if you believe that your life is going to end at a certain period of time (which is likely difficult to measure with any kind of precision).

In previous posts, I have gone into detail about what I would consider to be a reasonable maintenance withdrawal rate, which is 1% per quarter.  Anyhow, you can apply BTC quantities to your own life style situation (or expectation of standard of living) to figure out how many BTC you would need in order to be able to sufficiently use BTC income to pay for all of your expenses or to supplement any other income that you might have in order to achieve a maintenance level of withdrawal versus a depletion of principle rate of withdrawal.  Of course the depletion of principle rate of withdrawal is the more aggressive of the withdrawal systems.

Check out Alex mashinsky's background, he's CEO founder of Celsius.  I think putting 30% of holdings with him is a good risk level, if you have alot accumulated.  I spend the interest as I get it, I'm retired.  And prefer to sell Bitcoin when it's overvalued then spend it now.  But if there's other ones out there, would like to investigate those as well.  Blockfi has very low lending limits.

We have warned you repeatedly to stay away from these guys.

Don’t come crying to us when they collapse.