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

[JayJuanGee]

is it safe to invest in btc now?

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

Shut up, your guess 2 days ago was $8k  

Hahahahaha

podyx seems to blow with the wind.

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 guess the nipples pointing UP?  

Well, you must be a tad bit more brave of a fellow than myself.    

My mesmerization remains a bit scared, here.

[podyx]

is it safe to invest in btc now?

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

Shut up, your guess 2 days ago was $8k 

LMAO true. But I think IF we were to go down we wouldnt stay below $10k for more than a month

[Majormax]

Also, I have held a kind of tentative theory that alt coins are going to get another pump, along with bitcoin....

That is a widely held belief amongst alt hodlers/traders.  However, there is an older, and even more widely held view, that there is ultimately only room for a handful (or one dominant) long term globally adopted crypto.

That means that all the losers are on a long road to oblivion. This alt bear market is one stage on that road. It is simply natural selection. 

A hope for another pump is all that is left.  Interestingly, that chimes with investors' behaviour in stock investments.  They invariably hold losers to zero, hoping for 'one chance' to get out.

[El duderino_]

Also, I have held a kind of tentative theory that alt coins are going to get another pump, along with bitcoin....

That is a widely held belief amongst alt hodlers/traders.  However, there is an older, and even more widely held view, that there is ultimately only room for a handful (or one dominant) long term globally adopted crypto.

That means that all the losers are on a long road to oblivion. This alt bear market is one stage on that road. It is simply natural selection. 

A hope for another pump is all that is left.  Interestingly, that chimes with investors' behaviour in stock investments.  They invariably hold losers to zero, hoping for 'one chance' to get out.

I always had the belief to spread a bit of money over some ALT's just for worst case scenarios, though i'm happy I was a very convinced BTC-believer and kept around 90% of my entire crypto holdings in BTC itself...

But as Doug Polk also mentioned a few times I do think there will be some ALT's that could have some use (still if its not i'm totally happy with it as well)

[El duderino_]

is it safe to invest in btc now?

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

Shut up, your guess 2 days ago was $8k 

LMAO true. But I think IF we were to go down we wouldnt stay below $10k for more than a month

SU shut up & SU suit up  



We got some 50K to catch

[Wilhelm]

<snip>

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Same here, I am well off without Bitcoin and have a good standard of living. It is good to have acquired this by myself, which let's you know what you are capable of.
As you say I am in not too young either, having Bitcoin will help me get to the point where you don't have to work ever... (even though I will continue to work).
Getting filthy rich in your 20s is not good because you have never learnt what the value of money is. Chances would be that you have blown all your money before you are 40.

[El duderino_]

Boys a bit movie OT.....

But F*** i’m seriously looking forward to see The joker...

I wish Heath Ledger was around to do it.



Right after i saw him do the joker I went out and bought this for the hell of it.

I never did bother reading it though.





Amusingly enough i've been on the same meds that killed him for over a decade now.

http://www.ladbible.com/entertainment/film-and-tv-joker-gets-eight-minute-standing-ovation-at-premier-20190901?c=1567332550615

[El duderino_]

<snip>

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Same here, I am well off without Bitcoin and have a good standard of living. It is good to have acquired this by myself, which let's you know what you are capable of.
As you say I am in not too young either, having Bitcoin will help me get to the point where you don't have to work ever... (even though I will continue to work).
Getting filthy rich in your 20s is not good because you have never learnt what the value of money is. Chances would be that you have blown all your money before you are 40.

Important with getting to rich to early isn't only the way of respecting the money and wealth.....

But many people who are to rich to young, will lose the purpose of there life and have no goals to achieve etc (NOT everyone but most of them)
They will lose the value of the small things in live there life gets meaningless they will not have real friends to count on etc, many young rich will get depressed and bitter before the age of 40.... Being wealthy is very good if you know how to live, work with it have somebody to share it with etc...

F*** how many young millionaires I have seen pissing away there life on stupidity
F*** how many young millionaires I have seen whiteout a backbone and not able to do the simplest thing there self  ....
F*** I could expand this post over a whole page if I want

[El duderino_]

$68 Million of Shorts ‘Rekt’ at BitMEX



https://twitter.com/RedditBTC/status/1168741495098269696?s=20

[vroom]

here we are again, stuck at the same range as one week ago. this bitcoin tries to kill us with boringness.

[ivomm]

https://www.wsj.com/articles/van-eck-solidx-to-offer-limited-version-of-bitcoin-exchange-traded-fund-11567503003


Van Eck Securities Corp. and SolidX Management LLC on Thursday plan to start selling shares in a limited version of a crypto exchange-traded fund. The companies are employing a rule that will exempt the shares from securities registration, but the shares can be sold only to certain institutional buyers.

...
TO READ THE FULL STORY
SUBSCRIBE

If anyone has a subscription, could post a link to the full article.

[Negotiation]

Important with getting to rich to early isn't only the way of respecting the money and wealth.....

But many people who are to rich to young, will lose the purpose of there life and have no goals to achieve etc (NOT everyone but most of them)
They will lose the value of the small things in live there life gets meaningless they will not have real friends to count on etc, many young rich will get depressed and bitter before the age of 40.... Being wealthy is very good if you know how to live, work with it have somebody to share it with etc...

F*** how many young millionaires I have seen pissing away there life on stupidity
F*** how many young millionaires I have seen whiteout a backbone and not able to do the simplest thing there self  ....
F*** I could expand this post over a whole page if I want

Cool sir
I hope Woke up earlier You get breakfast something...
last finishing with wine 🥂🥂


image Source: https://www.youworkforthem.com/photo/141138/man-and-woman-drinking-wine

[El duderino_]

Silver is a ponzi scheme and a scam that needs government regulation to protect the people who fall for it. /s

via Imgflip Meme Generator

https://twitter.com/fluffypony/status/1168595180993294339?s=21

[El duderino_]

BTC price goes up 100% : Peter schiff: "Price doesn't mean anything. It could go to 100k and it is still a ponzi
BTC price goes down 10%: Peter schiff: "I was right"

https://twitter.com/specialenmity/status/1168533845907521538?s=21

[serveria.com]

$68 Million of Shorts ‘Rekt’ at BitMEX



https://twitter.com/RedditBTC/status/1168741495098269696?s=20

Here, have a +1 smerit from me just for the pic  that's hilarious! 

[btcbeliever]

Make your own conclusion.

https://twitter.com/inmortalcrypto/status/1168215051385430016

I'm fine this too, $500,000

I really like the look of this projected chart, especially the next ‘crash’ which shows the price at still over the current ATH. I can definitely live with that.

It's a bit bullish.

Of course, it could happen like that, but having a correction that only takes bitcoin back down to $60k as its low seems god-damned optimistic.

Compellingly so.

 

 

Looking at 2024 onwards makes me drool like a idiot....  
$6M per BTC or higher ...

Will be curious if BTC plays out anywhere nearly as bullish as that projection, especially if you are expecting a similar trajectory in 2024.  I am not saying that it could not happen, but I just have a hard time imagining such a bullish scenario. 

I will have to be getting gold-platted elderly diapers. 

Won't know how to spend all of the money.

might have to start buying alts (like some other filthy rich peeps) in order to throw a sufficient amount of my money away.

I believe, but I am not sure, if I would want to live frugally like warren buffet in my old age.

I imagine your life would feel like winning monopoly, owning the bank, and owning everything except one street and continuing to play .... watching other players struggling...

It might be o.k. 

I have been relatively frugal all of my life, even while my standard of living did increase, so there might be some difficulties to adapt - as compared with either growing up rich or even becoming rich in your 20s, then you might be able to really adapt by the time you are in your 40s.  In my case, I am older than that.  I already had more than 30 years of investing and becoming more and more rich with a kind of exponential growth that came with bitcoin and seems to have decent chances of continuing in the coming 3-5 years or perhaps less,  as we all kind of expect a bit of a boom and perhaps even another blow-off top to happen no later than the end of 2021, but likely sooner than that.

Jjg, I can tell you from personal experience, it's quite difficult for a lifelong frugal person to adapt to considerable wealth.  And it brings on its own headaches too.  But l like the greater choices that it brings.  And There is joy in giving to others.

[Lucius]

Peter Schiff or Warren Buffett will always defend their beliefs in the old value system which is based on banks, fiat or gold. No matter how good BTC is stand, it will always be ponzi or rat poison squared.

If we ask ourselves why some people think like that, the reason is that BTC is not something they can fully control, or maybe better to say is that they will never be for "give power to people" option.

[Wilhelm]

<snip>

Hahaha that pic LMAO!! 

[mindrust]

BTC price goes up 100% : Peter schiff: "Price doesn't mean anything. It could go to 100k and it is still a ponzi
BTC price goes down 10%: Peter schiff: "I was right"

https://twitter.com/specialenmity/status/1168533845907521538?s=21

He is a two faced dog. Can't believe I used to respect this guy. The more the time passes he looks more and more like an average bcash moron.

And I hodl gold. I believe it will be relevant for a long time but you should be blind if you can't see the value in bitcoin.

[Wilhelm]

Peter Schiff or Warren Buffett will always defend their beliefs in the old value system which is based on banks, fiat or gold. No matter how good BTC is stand, it will always be ponzi or rat poison squared.

If we ask ourselves why some people think like that, the reason is that BTC is not something they can fully control, or maybe better to say is that they will never be for "give power to people" option.

Warren Buffett owns banks ... he's not going to say they suck