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

[serveria.com]

Don't panic, keep #HODLing   

this_is_sparta.jpg

I have been hearing this for two years to keep on holding.
I wonder when the holders will be in a position to get benefit 

If it was that easy everyone would become a millionaire...  

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[1713505178]

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[Gyrsur]

dear WO-MFs, subject Gyrsur is still alive but because of #opsec it will never attend to any meet-ups ever in the future. I'm very ugly so you can thank me later.

let's start the games - "buy when there's blood in the streets"  

EDIT: BTW, still out of sMerit and not able to give Cryptoqueeen something back.

[VB1001]

CME bitcoin futures expiration date: 09/27/19

Launch of Bakkt this Monday, the perfect play for them.

Dont worry, Hodl.

11 to go and you are rewarded 1001 merit for your absolute continuous contributing to this thread

Keep doing what you do.... Absolute asset of this thread (Forum)

Thx, mic, LOL, just now I was going to post this.

-11 to 1001

edit: Who gives me the merit No. 1001, has a prize.

[LFC_Bitcoin]

dear WO-MFs, subject Grysur is still alive but because of #opsec it will never attend to any meet-ups ever in the future. I'm very ugly so you can thank me later.

let's start the games - "buy when there's blood in the streets"  

Some of the guys were really paranoid about OpSec but by the end of the weekend most of us know each others first names. My girl got really drunk & left her phone in the bar which was returned by one of the WO’s.

I think these guys are probably more trustworthy than a lot of my RL friends. It’s a bit like mutual respect of each others concerns manifests itself in absolute trust & respect.

[serveria.com]

Meanwhile: is the dump over? 

[BlindMayorBitcorn]

There was a meetup? Really?

[BitcoinGirl.Club]

Let’s play some #Bitcoin Limbo. How low can it go? 😂 Drop your 24 hour $btc price predictions below!

https://twitter.com/girlgone_crypto/status/1176528297619902464

I always like girls in Bitcoins.

[El duderino_]

There was a meetup? Really?

There was a meetup? Really?

Yeah, I was honored taking your place

[xhomerx10]

There was a meetup? Really?

 Not just any meetup.  An epic WO meetup.
Good to see you again!

[LFC_Bitcoin]

There was a meetup? Really?

via Imgflip Meme Generator

Yeah last evening when I went to bed.... I quickly opened the WO and saw XhomerX Made this HAT, thought it was a very cool one... Will wear it for a few days Then gonna go back to the 15K battle HAT

[P_Shep]

There was a meetup? Really?

You were even mentioned.

[BlindMayorBitcorn]

You guys are epic. 

[Ludwig Von]

Meanwhile: is the dump over? 

They have a lunchbreak... .

[JayJuanGee]

The price has never had that kind of violent crash this close to a block reward halving & you’re well aware of it.

Market makers take the price where they want it to go.

You are giving way too much credit to those kinds of hypothetical folks, and suggesting that they do not have to go with the trend.  Of course, they will push it as low as they can and for as long as they can, but that does not mean that they are going to be successful.

If it were up to the market makers, BTC prices would still be under $500.  Several times, they lost control of BTC's price, including 2015/2016.

They give 2fs about "reward halving" or "what happened last time".

Exactly.  They do give less than 2 fucks about that, but if they ignore it, then they are likely to get r3ckt as fuck.  Pobrecitos.

It probably got priced in anyway.

Very doubtful.  Too many folks (even smart ones) don't know shit about how bitcoin works, which includes the concept of halvening.  Furthermore, there are still a lot of peeps coming into bitcoin, so even if there are a large number of BIG players that try to price in the halvening, they are not really going to be able to properly factor in the fact that more money coming into bitcoin is going to force their hand - likely several months after the effects of the halvening which includes lower amounts of new BTC supply are actually undeniably felt.

That may have been what the unexpected 400% skyrocketing earlier this year was all about - front running the halving. Now profits are going to be taken.

Yep.  You are likely correct that there was some frontrunning going on between April and June; however, that front running only ended up being a blip on the radar because currently we are in the midst  of a 35% or so correction that likely is going to be sufficient to rebalance and to allow buying support to catch up.  After so much time consolidating in our current price range, you are going to be quite lucky if 50% correction is achieved here (which would be $7k-ish).. and your assertion that $5,200 or even $1,800 are within meaningful likelihood seem to be pie in the sky wishes rather than anything that is even close to likely, especially given where we are currently at.  On the other hand, if $8k buy support is breached, then I will give you that the odds for $5,200 have been meaningfully increased, otherwise your assertions that $5,200 or even your outrageous $1,800 are within realms of reason remain quite fantasylandia scenarios, and you have not been out of breadths when engaging in fantasylandia practice, especially given your track record of stupid-ass overly bearish BTC predictions (that did not come to fruition, need I say?).

[El duderino_]

You guys are epic. 

The meet was epic, first evening was alcoholic AF 
But I did stand my ground

[Gyrsur]

Meanwhile: is the dump over? 

They have a lunchbreak... .

that's right. 12.30 pm (EST) in New York.  

[LFC_Bitcoin]

You guys are epic.  

The meet was epic, first evening was alcoholic AF  
But I did stand my ground

My girl fell down the stairs, I don’t even remember much after taking her back.
We went through about 10 bottles of Rose, some fizz, multiple shots. I feel sick thinking about it now.

 

I think I went green in the cafe the next morning.

[JayJuanGee]

.... subject Gyrsur .... it will never attend to any meet-ups

Holy fucking shit.  Gyrsur is an "it"    


And, I am a poet, and did not hardly know it.

[El duderino_]

CME bitcoin futures expiration date: 09/27/19

Launch of Bakkt this Monday, the perfect play for them.

Dont worry, Hodl.

11 to go and you are rewarded 1001 merit for your absolute continuous contributing to this thread

Keep doing what you do.... Absolute asset of this thread (Forum)

Thx, mic, LOL, just now I was going to post this.

-11 to 1001

edit: Who gives me the merit No. 1001, has a prize.

You will be there in no time

[ivomm]

It is my earnest hope that the reemergence of sound money will cause corporations to finally look beyond next quarter's numbers.

bitcoin can and will change a lot of things. i doubt greed is one of those things. personally i am not the greedy kind of guy regarding fiat. but boy, when it comes to bitcoin i experienced me being greedy to an extent it started to make me wonder.

boeing got caught in the same trap as the german car industry: too big, too powerful, lobbyists too successful, decade after decade... that is one of the reasons why start ups sometimes are able to beat the behemoths. and yes my friends, that is also a part of the reasons why we will win the race for sound money. btc price in the vicinity of 10k per btc is actually a sign we are winning already.

Here goes my last merit.   It sounds like me. I never was a greedy guy regarding fiat. But soon after I went into Bitcoin, I became so jealous of those having 100+ bitcoins. I make everything possible, without going into debt to the banks, to invest all into it.

I would be nervous with such an approach, but let's see if maybe you can clarify what you mean by "all in"?

You do have some other investments, like stock or real estate or bonds, no?  So, in that regard, if you have some of those other investments, then you would only by "all in" with new investing?

I must admit that I have been focusing primarily on bitcoin investing, once I got into it in late 2013, and there was one time in about September 2014 (BTC around $380) that I was considering removing significant quantity of funds from my 401k (I had identified a possible way to accomplish such as a kind of rollover without tax penalties) which would have caused a near doubling of my BTC investment and thereby also bring down my average cost per BTC considerably, too, but I got chicken shit regarding over-investing in bitcoin and I had come to the conclusion that I had more than enough bitcoin in my holdings, and I really did not need to take on more risk (into bitcoin) by diversifying out of some of my traditional investments that, even though they had been performing mediocre, they were still largely holding their value (even accounting for inflation, etc).  

Of course, in retrospect, I see that I could have made a killing with such a move to diversify out of some of my 401k into BTC, but at the same time, I am still content that I did NOT do it - because in my thinking, my BTC appreciation (even accounting for risk etc) has already been amazing enough, and such considerable BTC appreciation (without  my really cashing out of BTC and rediversifying back into fiat based investing) has caused my total percentage value into BTC to become quite lopsided in favor of BTC, which I still conclude is good enough to ride out without needs to either rediversify back into traditional investments nor to engage in any kind of behavior that dilutes the stability of my traditional investments (that could largely sustain me completely, if I were to need to live off of them... but now they just merely continue to ride and to appreciate in value based on the traditional stock market and various traditional means of diversifying within those investments).  

I too think that building such a strong support at 9.7-10.3K is huge. In 2017 for several months Bitcoin made 6x+ increase starting with the last long support at 3K. With a support at 10K we can expect either an explosive run to 50K+ or more gradual increases with other major resistances turned into supports. I am willing to wait untill we are above 100K, and gathering nerves and courage to endure all the coming crashes. I am convinced that 40K+ will be touched without much hype just by regular mass adoption. So what is the point in selling most at this price? I personally will be tempted to sell something for sure, because it is an important price goal for me. I will sell probably 10-20% just to buy land where to build my future house. I hope to be able to hodl until 120K or something, even if it takes more than 5 years for that. This is my hopium Everyone needs some hopium to live. No matter how dark or dull looks the present situation. There is always the hope. No troll, no chart, no government, etc. can steal my hope, if only I hodl firm! (After all, the other meaning of hodl besides the original misspel is Hold On for Dear Life.)

Are you thinking that BTC prices reaching $120k in about 5 years or less would be sufficient in order for you to go into a kind of "fuck you" status?  or at least to be able to live off of your BTC indefinitely without having a need or dependence on a traditional JOB?

Surely, a lot of us believe that there are decent chances that your hopium price could be reached within that timeframe, so it is not unrealistic... However, since "decent chances" is not the same as "a given", there are always needs to prepare for a lot worse scenarios, which makes it seem more than reasonable to label your tentative ideas (plan) as a kind of "hopium."

By "all in" I mean all saved fiat. I own an appartment and a car. With my current profit from Bitcoin, I have the same amount that I will obtain from my salary for the next 20 years until I retire. And I usually save 2/3 of my salary which I convert immediately into bitcoins. Am I at the "fuck you" zone? Not yet, as I have to ensure my retirement. But in the 30-40K price range I will have enough to do it at least in my country, and live happily in a nice beach villa for the rest of my life. That is why I said this is an important level to me. On the other hand, I prefer to wait for the price which I believe is achievable in my lifetime. 40K is a too low and sure target, 120K is way more chalenging but satisfying. So I have 2 plans which depend on my needs in real life. If I am convinced that 40K is the top of the next bull run before a long and nasty bear year(s), I may be tempted to sell most of my stash. But if I am not sure, I will spend only 10-20% at that price range and continue to sell up to 120K. I may use some scheme like 10, 20, 30, 40% on every 50% (or 75%) rise of the price. It is based on your suggestions, which I tweaked a bit, so the overall loss is smaller compared to selling all at 120K. It saves more bitcoins for the bigger prices! My final sell would be at 120K. Plus, anything that I buy from now on untill I start to cash out, I will keep for the time when we finally reach the moon. Will it be 500K, 1mil, etc. I don't know yet. Time will tell.