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

[Arriemoller]

If the falling wedge pattern stays here for the next week, the breakout can bring a new momentum in the crypto markets. Wedge trading is my favorite type of trading but the volatility of the Bitcoin price makes me emotional. The bad sides of the emotional trades will take a huge percentage of my crypto balance but the only way to trade the daily charts is to consider these disadvantages. Just my 2 Satoshis.

Talking about the military, a lot of people here seems to like boats, I'm not much of a boat guy myself, but there is one boat I would like to own, and that's the CB 90.
I like to think of it like the Lambo of boats.
Here working with the dutch in Operation Atalanta (The anti pirate thing outside Somalia).
https://www.youtube.com/watch?v=wgdDgEXO2gE

want

I bet...lol

Maybe we can get one after reaching the ATH in 2020, btw same expectations for the military served people (armed forces)

This one was for sale two years ago, 250 000 USD
https://www.youtube.com/watch?v=YsFvxLTDdaQ

[Arriemoller]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

[JayJuanGee]

I wonder wtf I was doing when btc was $500-$1000

Only if I had given it a chance and even DCA'ed $100 monthly, would have made me life changing money. At some point btc was $200 for fucks sake. (in 2015) Took so long to get to the mind state which I have now.

People tell young people that they should take more risks than  the old people but in reality, young people are scared as fuck to lose whatever little money they have. (that was me)

Old people on the other hand, most of them are already rich and they were casually buying 10 bitcoins from $500/$1k.

I was scared to spend $100 on btc in 2014.

It is like, the more poorer you are, the longer you stay poor.

The more richer you are, the shorter it takes to get even more richer.

edit:

lol Could have been $100k richer it seems. Sticking to that $100/month DCA strategy would get me more bitcoins than what I have now. Impressive.

Agreed.  Dollar cost averaging can be quite powerful as an accumulation tool and even as a maintenance of portfolio strategy, especially over several years and with an asset (like BTC) that has decent chances of going up.  

For hypothetical, I plugged in $100 per week starting from September 1, 2017 (towards the exponential growth period of the last bubble):

https://calculator.for-bitcoin.com/?amou...&year=2017

The calculator shows that such hypothetical person who started buying into BTC towards the beginning of the 2017 exponential period would have spent about $10,800 and have about 1.7BTC and would have a value of a bit more than $17k today. 

Not bad.   About a 60% return in two years.

[JSRAW]

Came across something interesting in reddit. claiming the origin of term " Shitcoin".. part of the history i suppose if that's true.

...it would have to be better in some way other than just "I started the new chain, so I've got a lot of the easy-to-generate-at-the-beginning-coins."

You say that now, but if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.

[LUCKMCFLY]

The key of the Pennant is to break up,


https://www.dailyfx.com/forex/market_alert/2019/09/20/Bitcoin-Price-Chart-Forecast-BTCUSD-Awaits-Pennant-Breakout.html

if it breaks in 15525 it can reach the 61.8% fibo point that it reached in June ... taking into account that we are at the beginning of the bullish trend phase, it would be best to buy to wait for the Good rally.

[JayJuanGee]

My purchase at $1,200 was my highest BTC purchase in 2013 until the BTC prices went back above $1,200 in 2017.

Of course, I had some other decently high BTC purchases in 2013 and 2014 because the BTC price stayed up for a couple of months.   I could go back and calculate how many BTC that I bought in the first few months at relatively higher prices, but it does not really matter too much, now does it?

[...]

youll need the price of those coins eventually for tax purposes. well only if you do anything with them of course.

i only mention this since i just recently sold a decent chunk of my stack LIFO style so im now back to coins i mined back in.. well dunno.. 2011 to 2014 timeframe maybe. of course i still mine alts for btc so i always DCA back in in a way. anyway my crypto tax program figures that stuff out for capitol gains and regular income.

I meant that those levels of details do not matter too much for the kind of our discussion here.  I mean, I could particularize my various purchases, such as buying $100 on various days or weeks and $10 on other days or weeks, but in the end, we can add up all the purchases and come to a conclusion regarding where I was at in various points in time in terms of average cost per BTC.. at least for the purpose of talking about it in this thread.

With providing that kind of information to Fatty, I recognized that I was likely engaging in a BIG ASS wasting of my time, so I really was not providing that information for that tard, but instead to provide a response to the question for others who might be interested in such topic... especially since many of us have gotten into bitcoin at varying points of time and also have employed varying strategies, and from time to time, it might be worthy to do a bit of an overview both to clarify implications in what Fatty was asking as a kind of hope to spread misinformation but also to help some others who might be genuinely interested in why I might be spouting out so much about how I believe in certain DCA and even buying on dip strategies that I frequently refer to.

[JayJuanGee]

[edited out]

Lol, its a small blockers jjg and co filling the blocks here, cause he cannot on btc

 

Why would I want to, you dumb fuck?

You believe that there is much if any usefulness to my posting my little diary about how I feel about my experiences on the BTC blockchain.  You are really caught up on some stupid ass BIG blocker beliefs if you really believe that is going to be a useful service that can actually compete with bitcoin, especially when it comes to seeming needs for cost of security in keeping financial aspects separate from shitty and random information.

[JayJuanGee]

via Imgflip Meme Generator

WO-brothers in arms

five righties and three lefties.  hm?

[Elwar]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

I showed that to the money guy behind the seastead project (who was about to go buy a cargo ship before the Thai navy thing).

He responded with just one word.

sub

[jojo69]

It is like, the more poorer you are, the longer you stay poor.

bingo

[jojo69]

via Imgflip Meme Generator

WO-brothers in arms

THIS must be what that secret club stuff was about!

[jojo69]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

[Searing]

LOL totally forgot about the pool this time. So, here is mine:


Anyway, good morning WO and observing @ 4 digits again.

$9,968

Yeah. I picked $11-11.5k so 'obviously' I don't know zip about price vs reality.

sigh

[vapourminer]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

the fuel tender that youll need for this is an optional extra.

[VB1001]

https://pbs.twimg.com/media/ED5MTFNWsAEVGRs?format=jpg

It’s like that, there’s no going back.

[ivomm]

I was so bored that I decided to visit my old localbitcoins account from 2015. I was clicking faucets back then and then immediately selling. If only I knew what will happen in 2 years. Oh, dear! There were remaining 0.0018 BTC in my account. Well, at least I can buy several drinks.    Cheers!

[Krubster]

Came across something interesting in reddit. claiming the origin of term " Shitcoin".. part of the history i suppose if that's true.

...it would have to be better in some way other than just "I started the new chain, so I've got a lot of the easy-to-generate-at-the-beginning-coins."

You say that now, but if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".

Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like flooz and beenz, but lots of people will get burned along the way.

Nice find. Interesting how the same argument is valid today, 9 years later. The only difference is that have a few more thousand shitcoins today.

[vroom]

coming up next (<7d) a new local low at $9000-9250, then leg up to $15000.

made a professional TA to support my prediction

[bitebits]

WO-brothers in arms

Have fun guys!

[Arriemoller]

Still for sale apparently.
Could someone please buy it and invite the WO bretheren for a ride, please.
https://shipsforsale.com/en/ships-en/shipid/765/arbetsfartyg_1_helga/

only a quarter mil...very reasonable for a well powered aluminum hull of that size

vewwwwwwy innnnnntewesting

I bet at 35 knots it's fuel burn rate is pretty substantial.

The specs say 80 liters per hour, but I have no idea if that is some kind of average, or how that is calculated.