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

[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.

[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.

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

I would not keep it in Fiat. Stocks or real estate or what ever brings me 5% a year.

[El duderino_]

Damn “liquidated long positions” is spamming whole of Twitter.....

[SuperTA]

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.

All of those longterm projections were wrong because they were adjusted many times. They were way lower when they got there

[xhomerx10]

wee splatter of blood in the alley there

This is fine

[Hyperjacked]

Well I’m going bullish on this dip below 7k$  
Ok so some big whale is manipulating btc but they will get run over when institutional investors get serious 😎

[mindrust]

bItCoiN wIlL NeVeR SeE 6K AgAiN

Here it comes boys.

$6950

[Hyperjacked]

That’s funny no sooner did I post that when I got an email from grayscale digital large cap fund... lol
Symbol :gdlcf
Trading will commence 

[_javi_]

The bottom should be near.. I have friends calling me about the dump.

[Globb0]

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.

What could go wrong?

[NeuroticFish]

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

My entire week was bad, busy and tiresome. And now this. F*#$*@ \3#$#@@(#@(#@!  
And whatever the charts are telling, downwards is not really a good direction for the price.

bItCoiN wIlL NeVeR SeE 6K AgAiN

Here it comes boys.

$6950

From $6950 to $6000 there's still some distance.
Of course, with my luck, it can be covered in a matter of minutes.  


Edit: https://www.youtube.com/watch?v=sw0jF5R6qZY

[fillippone]

wee splatter of blood in the alley there

This is fine

<...>

Too bad the hat inside the image in the hat in the image is not of the "this is fine" hat, like a droste effect...

[Lucius]

via Imgflip Meme Generator

Get your savings under the mattress and out of your socks, Bitcoin is on sale - Black Friday has come early this year

[nutildah]

Hopefully 6400 will have a shot, but the speed down is brutal and the volume is still sad and longing for the Bargain Boyz to return.

If 6400 doesnt hold I dont see how we dont get to at least as low as 5200. That should be a compelling price even for the stingy, cold and calculating Bargain Boyz.

Damn Lambie, I have to say I'm pretty impressed with the general gist of your calls over the last couple of months. Your bearish leanings have been vindicated.

The Bargain Boyz attempting to pick up just north of $7k have thus proven themselves to not be very good at their profession. The real Bargain Boyz will only be known to us after they have already picked up. The art of identifying the steep dollar-store bargain as its happening is one that is difficult to master.

[bkbirge]

Yikes. I love a good bag filling opportunity as much as the next guy but when's it turn around?

[xhomerx10]

wee splatter of blood in the alley there

This is fine

<...>

Too bad the hat inside the image in the hat in the image is not of the "this is fine" hat, like a droste effect...

 Yeah I can't do droste.  I think Vroom is our resident droste expert!