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

[gembitz]

$7500 dry powderrrrr boom!! :-D gogogo

no weeee? Who are you and what did you do with gembitz?

 

weee

[Lambie Slayer]

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.

Sir take my last 4 merits. The obvious truths are hardest to see through a cloud of bias and neediness and I commend you for having vision to pierce through that miasma. The bubble to 14k while it was spectacularly surprising and not obvious in its rise, was destined for an obvious fall if you were impartial to the circumstances.

This impartiality is exceedingly difficult for people who have not invested enough. This is counterintuitive so I will explain what I mean.

The general dollar store advice is that if you are biased and stressed about your investment you have invested too much, while this is true, even with Bitcoin, the opposite is also true when it comes to King Bitcoin. It is such a good investment that true bias and stress comes from investing a large amount, but the amount not being large enough.

When you take your investment level to ridiculous extremes in percent of your net worth you become free of worry because you are forced to accept the fact that it could all go to zero and you will be wiped out in savings. As you deal with and accept this possibility early you realize that you are part of a cause greater than yourself and hypothetical losses in the future are inconsequential.

This same phenomena is why you see children with cancer who may not survive enjoying life while their family freaks out and is sad all the time. The child is all in, while the parents are just heavily invested. The child is forced to accept the potential of his death and he becomes ok with it, the parents worry and stress the whole time.  

So the only stress free way I know of to invest in King Bitcoin is to go virtually all in.

Any other option is where the worry can get you and the bias can cloud your judgement.

[Raja_MBZ]

I'm not expecting ~$9000 support level to break down, but if it actually does break down, $6000 ain't out of cards.

Whoaza Raja.

You seem to be a bit ahead of yourself, and yes I do agree that there should be some decent support at $9k, but there should also be some decent support in the $8k to $8.5k range too, no?

Hmmm... from a bird's eye view at the late-2017 to 2019 price chart, it doesn't really seem like that $7xxx-$8xxx are the levels which can prove to be strong (as both, support and resistance). I know this is a very big range of values, but that's just how I look at it!

Tested $6xxx support today. The next few days are critical.

[HairyMaclairy]

lol China bans bitcoin

https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022

[bitcoinPsycho]

I like to be a bull and i was one the biggest bulls when it was the time for it. But when it couldn't go through 11k it made a new choice and a new direction. Another thing which i don't like much here is too many hopium charts which don't show things realistically. The third and the bigest thing which i don't like here is that if you are reallistic it's not well accepted here, unless you're bullish.

I'm a hodler too but i try not to be in some kind of a fantasy world.

$10000 bitcoin in one hour.


























Dyor

[Raja_MBZ]

[_javi_]

Do you see? It never reached the curve! It had to be lowered and adjusted!

Stability in the parameters of a model is a good things.
This is why I am bullish on the Stock to Flow model: his parameters have been very stable since 2009-2012 era, hence even before the first halvening.
Given the fact the price has done probably 100x since then, this is a very reassuring quality of the model.

More info here: Stock To Flow Model: Modeling Bitcoin's Value with Scarcity

here is more of them, they all get adjusted and always lowered so you might lower your expectations.
If somebody lives in a clouds then this fall might seem to harsh.

There's a raffle and the big prize is a place in the ignore list.

You are getting all the numbers...

[becoin]

Who sold at the bottom? Thanks for the cheap coins!

For me you are one of my favorite bulls sir ..... glad to be posting in the same thread with you!

The pleasure is all mine.

I'm a hodler too but i try not to be in some kind of a fantasy world.

TA is a fantasy world. Take care!

[LFC_Bitcoin]

lol China bans bitcoin

https://uk.reuters.com/article/china-blockchain-shanghai/pboc-shanghai-hq-says-to-crack-down-on-cryptocurrency-trading-idUKB9N251022

That old chestnut, again.

[jojo69]

^ classic

[El duderino_]

Strange I didn’t saw that China meme .....

[mindrust]

This man is pretty godly.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/


This is (was) the bottom probably. Maybe it will try one more time to break below 6k... then to the fckn moon.

[infofront]

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.

Sir take my last 4 merits. The obvious truths are hardest to see through a cloud of bias and neediness and I commend you for having vision to pierce through that miasma. The bubble to 14k while it was spectacularly surprising and not obvious in its rise, was destined for an obvious fall if you were impartial to the circumstances.

This impartiality is exceedingly difficult for people who have not invested enough. This is counterintuitive so I will explain what I mean.

The general dollar store advice is that if you are biased and stressed about your investment you have invested too much, while this is true, even with Bitcoin, the opposite is also true when it comes to King Bitcoin. It is such a good investment that true bias and stress comes from investing a large amount, but the amount not being large enough.

When you take your investment level to ridiculous extremes in percent of your net worth you become free of worry because you are forced to accept the fact that it could all go to zero and you will be wiped out in savings. As you deal with and accept this possibility early you realize that you are part of a cause greater than yourself and hypothetical losses in the future are inconsequential.

This same phenomena is why you see children with cancer who may not survive enjoying life while their family freaks out and is sad all the time. The child is all in, while the parents are just heavily invested. The child is forced to accept the potential of his death and he becomes ok with it, the parents worry and stress the whole time.  

So the only stress free way I know of to invest in King Bitcoin is to go virtually all in.

Any other option is where the worry can get you and the bias can cloud your judgement.

Move over Tulsi, Lambie is my man! (slightly homo)

[fillippone]

Today bakkt has a record volume 2120BTC+. Congrats to all who bought bitcoins today! Several hundred thousands were traded on the major exchanges, probably way more on all exchanges worldwide, ATM's, etc. Woe to those who sold! The next bull run is about to start!

I am trying to revive a thread about BAKKT.
But looks like nobody like it.
https://bitcointalk.org/index.php?topic=5180571.msg53152317#msg53152317

[Searing]

Well, with my BTC hoard I'm deluded (some say) enough that I can't let go. Thus dumped $2,003.66 USD with fees for 0.26679956 BTC over the last couple days

for an average price of at current $7,350 price of a loss now of $1,960.98 or a loss of -$42.68 USD so far.

So pump or dump, I have now triggered the market with my 'magic' touch for one or the other. Feel free to praise me or blame me as things unfold.

But hey, having a hoard since 2013, have to believe that at least $10k BTC will come back someday, or all mining/halving/adoption etc dreams are toast anyway.

So 'forcing self' to drink the kool-aid as long as the line seems to be gone for such at the present time..and grab'ing some more dust!

Boom or Beanie Baby! (tm Searing) (Damn, I need a beer, been a rough week)

[SuperTA]

This man is pretty godly.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/


This is (was) the bottom probably. Maybe it will try one more time to break below 6k... then to the fckn moon.

Yes, that's what i'm talking about. The thread is full of those hopium charts based on the longterm curve that was never a good indicator for the future's price. Based on the previous wrong longterm curves it would be good to lower the curve and expectation. This thread had too many of those hopiums in recent  months that are now bringing a dissapointment to some readers.

P.S. i would like this to happen but let's be real

[Biodom]

This man is pretty godly.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/


This is (was) the bottom probably. Maybe it will try one more time to break below 6k... then to the fckn moon.

Only IF we turn around sharply right here or in vicinity and go to 80K-90K in one move, which could happen.

Yes, that's what i'm talking about. The thread is full of those hopium charts based on the longterm curve that was never a good indicator for the future's price. Based on the previous wrong longterm curves it would be good to lower the curve and expectation. This thread had too many of those hopiums in recent  months that are now bringing a dissapointment to some readers.

It could go the other way just as well (much higher than current graphs indicate). Why not?
AMZN chart in the first 11 years of it's existence did not predict the moonshot that followed in the next 11.
Same for AAPL.

[cAPSLOCK]

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

I dipped in for a few millions sats here...



But that piercing of the channel haunts me.  We have been in this channel for 6ish months...  that is definitely a breech.

[SuperTA]

This man is pretty godly.

https://www.tradingview.com/chart/BTCUSD/JSP3KDmy-New-long-term-prediction-as-I-see-it-now/


This is (was) the bottom probably. Maybe it will try one more time to break below 6k... then to the fckn moon.

Only IF we turn around sharply right here or in vicinity and go to 80K-90K in one move, which could happen.

Yes, that's what i'm talking about. The thread is full of those hopium charts based on the longterm curve that was never a good indicator for the future's price. Based on the previous wrong longterm curves it would be good to lower the curve and expectation. This thread had too many of those hopiums in recent  months that are now bringing a dissapointment to some readers.

It could go the other way just as well (much higher than current graphs indicate). Why not?
AMZN chart in the first 11 years of it's existence did not predict the moonshot that followed in the next 11.
Same for AAPL.

I agree. It could go even higher. But what are probabilities for that? Based on the btc history from 2010 those longterm curves were always adjusted to the lower areas, not to the upside. So based on that, it is a much higher probability that this will happen again.

[JayJuanGee]

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.

1) that link is to the wrong chart.  It is linked to an earlier version of the chart than the one that you had pasted.

2) By using your above expression, are you trying to compete with the tried and true expression of hookers, lambos and blow?    That's your own customized variation of such?