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

[Lambie Slayer]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

You can make a bigger impact and legacy with $500million than with $5million.  Think bigger!

Today I would say you cant consider yourself wealthy without at least 20 billion. In ten years I would say 200 million would do the trick. Satoshis of course. Fiat is blood money so no amount truly makes you wealthy imo.

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[fillippone]

PlanB says: nothing to see here, please dispserse

Some people panicking about this -17% week.

It's just normal #bitcoin behavior. Note we are still up 2x YTD. And yes, S2F model is just fine, nothing out of the ordinary. s2f.hamal.nl/s2fcharts.html

https://twitter.com/100trillionusd/status/1197847212358819840?s=21

[Gyrsur]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

if you plan to retire based on your BTCitcoin wealth and the price reaches your target you should hedge (with Futures or Options) against further price decline. it is better than convert into FIAT IMHO. you will be protected from decrease of the price but you will also not participate on further price increase. it depends on what type of human being you are. more a safety searching one or more a gambler one.

EDIT: ok, with Options you have the option to fulfill the contract or not. but you have to pay the premium in any case. it depends what your aim is.

[UnDerDoG81]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days...

So you'd keep it in Bitcoin then. Nothing safer IMO.

I cant stand these ups and downs anymore.

[somac.]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

if you plan to retire based on your BTCitcoin wealth and the price reaches your target you should hedge (with Futures or Options) against further price decline. it is better than convert into FIAT IMHO. you will be protected from decrease of the price but you will also not participate on further price increase. it depends on what type of human being you are. more a safety searching one or more a gambler one.

Interesting, I'll look into this.

[somac.]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days...

So you'd keep it in Bitcoin then. Nothing safer IMO.

I cant stand these ups and downs anymore.

If you want to be able to stand it. Do more reading on how shit, rigged, and corrupt the legacy financial system is.

[LUCKMCFLY]

Bakkt is prepping to launch Bitcoin to USD settled Futures on December 9..

On December 9, the
@Bakkt
 Bitcoin (USD) Cash Settled Monthly Futures contract will launch at ICE Futures Singapore.

Read the press release: https://ir.theice.com/press/press-releases/all-categories/2019/11-21-2019-235911370

Source: https://twitter.com/ICE_Markets/status/1197699516570443776

“Bakkt Bitcoin Cash Settled Monthly Futures will be settled against data from the physically delivered Bakkt Bitcoin (USD) Monthly Futures contract, the first fully regulated futures market for digital assets,” reads a press release from the company.

Source: https://beincrypto.com/bakkt-launching-bitcoin-to-usd-settled-futures-contracts-on-december-9/

[JayJuanGee]

This should have happened next week, when I get paid. I am afraid that by next week, we would be around 10K. These bears haven't learned their lesson. Bull counter attack is imminent. 10...9...8...7...6...5...4...3...2...1  boom!

Like Hairy bearie mentioned:  It could take a few days of pain before seeing some kind of recovery.

Accordingly, once we stop going down (well that is another question), then it could take 5 days or more to start to rebound. 

If you get paid early in the week, the odds are good that you might be able to get some bargain coins.

I really doubt that we are going to see a shooting up to $10k - not after this kind of a situation... but I would not be surprised by a couple of smaller upward BTC price spurts.

Seems to me that there is some shitcoin purging efforts going on here.. but I surely don't have a lot of confidence about that little theory, either.

[El duderino_]

More and more are liking the this is fine HAT 

[JayJuanGee]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

It is not good to be overinvested in anything, but at least you recognize it.


As I was typing, I realize that I am overinvested in BTC too, but I believe when I say overinvested and you say overinvested, I believe you are talking about much greater percentages than me.

When I say that I am overinvested, it is like I have an extra few percentages in BTC but merely because I want to be able to sell those extra few percentages of BTC on the way up, so when I sell those extra BTC percentages on the way up, I don't feel any kind of guilt at all (for not being an adequate HODLer), because I am using my overinvested portion to sell... to shave a little, which feels good man (when it goes up).

[Last of the V8s]

[_javi_]

I´m still surprised about the glass shattering event.

I didnt expect it.. Less than BTC at 7k.

[JayJuanGee]

Damn i'm a permaBEAR, I even don't know I have any coins actually, but I do love hanging around here  

Its cool, we like seeing your posts about spending money rather than investing in the King, Mr. Team Bearsons Leader  

hahahahaha

You seem to have some correct in you from time to time, lambie bambie.

When there are posts about extravagances, then that seems to be an opposite behavior to HODL and accumulate... especially when the BTC prices are dipping.

Seems that we might need more McDonalds posts and possible ways of frugality during these kinds of trying times.

If you have a substantial stash of coin, retired off it, need income but are loath to sell at these prices, consider earning weekly interest on a portion of holdings through Celsius.  It's way better than selling.  
... Then again, by lending, am I providing the central bankers a means to drive the price down I wonder?

I don't rest understand these aspects of market mechanics.

A lot of people get distracted and lured into interest bearing products because they believe that the return on BTC is not good enough for them. Seems too risky to me, and also seems unnecessary, but if you want to trust your coins with third parties, then so be it.  That's your choice.

Many times people who borrow BTC are actually dumping those BTC so yes, there is that aspect to it, on a more macro level.

[JayJuanGee]

Guys I'm thinking about buying some bitcoin. Should I fire now or wait for a bit of a dip?

Wait...

I like old JJG #No homo. what happened to him...

 

 He probably typed that message with his tongue while formulating four much longer replies with his hands and feet.  I figure he must be ambidextrous and ambipedal.

A lizard, too, apparently.    (first time that I received a lizard reference)

[jojo69]

wee splatter of blood in the alley there

[JayJuanGee]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

You can make a bigger impact and legacy with $500million than with $5million.  Think bigger!

I have made the argument several times about bare minimums.  Of course, more is better, but even with $1million, you have a passive income of about $3,333 per month (which assumes standard investment principles to be able to withdraw 4% of the value per year without eating into principle).  So double that to $2million and a lot of peeps can live pretty damned comfortably off of that in many places of the world, even in the west.

[fillippone]

Bridgewater putting on $1.5B option trade betting on market decline by March 2020.

https://www.wsj.com/articles/bridgewater-bets-big-on-market-drop-11574418601?redirect=amp#click=https://t.co/xyiKN6jA3v

There is a paywall on that article, so I am posting another link here:

Bridgewater bets more than 1 billion on global equity pullback by March

The key takeaway is the following:

Bridgewater paid roughly $1.5 billion for the options contracts, or just about 1% of the Westport, Conn., firm’s $150 billion in assets under management, according to people familiar with the matter.

This means they bought a lottery ticket, paying 1.5 Billion, to hedge their long exposure of 150 Billions with a short one of around 100 billion (this is something I read elsewhere behind other paywalls, so you have to trust me).  This 100 billion short insurance will be effective at lower market level.
So, probably, it is only a way to avoid too heavy losses in case of a significant drop in the market.

[JayJuanGee]

Ok, my mini panic is over (I always have one when we start a sharp descent).

I’m over invested to fuck in bitcoin but I believe in my baby BTC. This is all just noise & long term we’re all going to be very wealthy. I may panic at times but I haven’t sold a single sat & I will not.

#stronghands

HODL

Still kinda bummed I bought £1000 worth at $7600 yesterday - 12% Discount if I’d have waited

What do you consider wealthy?
1 million
5 million
10million....

For me personally 5 million is enough to live a nice, comfortable, enjoyable life.

If I had 5 million I would invest 4.5 (into something safe) to get a cashflow of 10k a month until end of days...

So you'd keep it in Bitcoin then. Nothing safer IMO.

I cant stand these ups and downs anymore.

Protip:  You should sell, UnDerDoG81. 

[bitcoinPsycho]

wee splatter of blood in the alley there

This is fine

[BitcoinGirl.Club]

Observing @ $7,046
I know some of you are panicking but aren't we going to the right direction?

See where we are now and find the peak!


https://www.tradingview.com/chart/BTCUSD/HbvGBqZG/


Go out, go parting, have dinner, get drunk,  have sex!


Have a HODL sleep.