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

[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.

hahahahaha

How about you can fuck off, lambie? holier than thou, art.. thee, not.      



You are not more insightful or free merely because you are purportedly overinvested in BTC.  Get real.

Of course, for yourself, you might have come to that conclusion, and believe that such a way of "all in" investment works, presuming that you are actually representing what you actually do.

Each person can decide for him/herself regarding the amount to invest (or to invest) and whether s/he believes that his/her level of investment (or not) has brought enlightenment.

STFU Permabear infidel.   You wouldnt be so stressed and writing walls of text all day if you had the courage of conviction to embrace the all in way of hodl life.

Your fear permeates through your text walls every day for all to see. The only way to change is to get the fuck out or go all in. Otherwise you will continue to suffer and nothing will change.  

And of course I am more insightful than a primitive chat bot.

[Lambie Slayer]

At our dear Lambie’s advice ..... me is spending almost no cash in order to save for BTC....

Micg at local back to the 90’s party and drinking beer instead of fancy’ness.....

via Imgflip Meme Generator
^
Oooooh yes, inviting the BULL as well!!!!!!!!

Cheers bro’s

Straight out of Belgium !!!!!

This is beautiful Mr. Goose, well done.  The bottom must be getting close now.

[bkbirge]

It's not a bottom until you are drinking this...
https://youtu.be/AFels_JVTJc

[El duderino_]

@LS because the BOTTOM must be truly near 

[El duderino_]

@LS because the BOTTOM must be truly near 

Dammit LS got me when I was F***ed up

But I mean totally F***ed up on cheap beverages 

[jojo69]

I should get me some OneCoin

[Arriemoller]

I have the T-shirt, got it from Wish.
https://www.wish.com/search/trump%20t%20shirt/product/5c131aa1ecb7760b4b52a177?&source=search&position=9

[gembitz]

<<<NBC NEWS FUD>>>

Some scammers are posing as various organizations to trick people into sending paying thousands of dollars worth of BTCitcoin. ====>


https://www.youtube.com/watch?v=WMwjKk1AHMU

[xhomerx10]

I should get me some OneCoin

[JayJuanGee]

At our dear Lambie’s advice ..... me is spending almost no cash in order to save for BTC....

Micg at local back to the 90’s party and drinking beer instead of fancy’ness.....

via Imgflip Meme Generator
^
Oooooh yes, inviting the BULL as well!!!!!!!!

Cheers bro’s

Straight out of Belgium !!!!!

You are becoming a near perfect species of a human, even though no one person is likely to........   

[JayJuanGee]

[edited out]

STFU Permabear infidel.   You wouldnt be so stressed

Facts not in evidence, regarding my alleged stress status.

and writing walls of text all day

Perhaps true, but out of context.

if you had the courage of conviction to embrace the all in way of hodl life. [/b]

I conclude that a moderate approach to my BTC holdings suits me better.

Your fear permeates through your text walls every day for all to see.

Yeah right....   

The only fear that I have on a once in a while basis is that I might read some nonsense from a poster like you, and you have proven such fear to be true on a fairly regular basis.   

The only way to change is to get the fuck out or go all in.[/b]

Even a 10 year old has already learned that the world tends to have beyond black and white solutions.  Are you not quite 10 years old yet, Lambie?

Otherwise you will continue to suffer and nothing will change.  

My alleged suffering is only a state of your evidently ongoing fantasy-filled mind.

And of course I am more insightful than a primitive chat bot.

Maybe that is the problem?  Your chat bot admission against interest?  Now, the pieces are starting to fall into place and it is starting to make some sense regarding some of  your difficulties to abstract in your thinking.   

[Lambie Slayer]

@LS because the BOTTOM must be truly near 

Dammit LS got me when I was F***ed up

But I mean totally F***ed up on cheap beverages 

https://bartending.wonderhowto.com/how-to/make-killer-booze-aka-pruno-homemade-alcoholic-prison-wine-385731/

via Imgflip Meme Generator

[Lambie Slayer]

https://www.zerohedge.com/health/delayed-us-corn-harvest-has-resulted-chaos-trade-routes

Uh oh, this means Bargain Boyz may be delayed as well.

[estenity]

don't know if anybody already reported on the mess of binance offices in china..

this reference reported by bbc.reporter :

https://www.theblockcrypto.com/post/48112/setting-the-record-straight-on-our-binance-reporting

[Findingnemo]

xhomerx10,Please make a hat for me,just now ranked up to a full member after a long wait, hope you will have nemo on it.

xhomerx10,Please make a hat for me,just now ranked up to a full member after a long wait, hope you will have nemo on it.

Congrats, do PM him as well in case he misses your post

done.

 Okay. I’m thinking of something orange, and it’s small…
You guys make me ink.



avatar-sized

Wow, Thanks for that. It was beyond my imagination bro.

I feel now I am also a part of WO now. #HatArmy.

[VB1001]

^
Nice hat.

Internet world despairs as non-profit .org sold for $$$$ to private equity firm, price caps axed

The sale of one of the internet’s most popular registries to a private equity firm has revived concerns over how the domain name system is governed.

At the end of last week, the Internet Society (ISOC) announced that it has sold the rights to the .org registry for an undisclosed sum to a private equity company called Ethos Capital. The deal is set to complete in the first quarter of next year.

https://www.theregister.co.uk/2019/11/20/org_registry_sale_shambles/

Everything is rotten.

[Lambie Slayer]

[edited out]

STFU Permabear infidel.   You wouldnt be so stressed

Facts not in evidence, regarding my alleged stress status.

and writing walls of text all day

Perhaps true, but out of context.

if you had the courage of conviction to embrace the all in way of hodl life. [/b]

I conclude that a moderate approach to my BTC holdings suits me better.

Your fear permeates through your text walls every day for all to see.

Yeah right....   

The only fear that I have on a once in a while basis is that I might read some nonsense from a poster like you, and you have proven such fear to be true on a fairly regular basis.   

The only way to change is to get the fuck out or go all in.[/b]

Even a 10 year old has already learned that the world tends to have beyond black and white solutions.  Are you not quite 10 years old yet, Lambie?

Otherwise you will continue to suffer and nothing will change.  

My alleged suffering is only a state of your evidently ongoing fantasy-filled mind.

And of course I am more insightful than a primitive chat bot.

Maybe that is the problem?  Your chat bot admission against interest?  Now, the pieces are starting to fall into place and it is starting to make some sense regarding some of  your difficulties to abstract in your thinking.   

Just buy more Bitcoin and you wont be bothered so much when I correctly tell you we are going down more.  All your worry and issues with my downwards calls just show me the truth that you are not invested heavily enough.

I will let you know when the Bargain Boyz arrive, despite your squirming and protests. 

[whiteboy420]

wondering if it is time to scam bounce into 7.9k

[Biodom]

An interesting analysis:

https://www.youtube.com/watch?v=i_ylh8LmfqQ

If you don't want to look at the video, here is probably the same guy's chart:
https://www.tradingview.com/chart/BTCUSD/vwsB8lTY-Exact-Price-and-Date-for-Peak-of-next-Bitcoin-Bull-Run/

TL;DR It could go down to 5-5.5K first or NOT (Dec-Feb time frame), then off to the races until $320K in late 2021.


My "fundamental" pseudoanalysis:

At halving S2F doubles, but price is going up approx 2^3.5 times (about 10-11X).
After next halving, S2f would be 56, which is 0.9 of Gold.
0.9^3.5=0.7
Therefore, THEORETICALLy, and based on scarcity alone (without considering demand), the value of btc might equal 0.7 of gold's market value.
Total value of excavated gold is currently (1465/1250)X7.5tril=8.8 tril
https://en.wikipedia.org/wiki/Gold_reserve
Some people think that almost half of gold should not be counted because it is either inaccessible or lost.
So, 4.5-9 tril, roughly.
therefore, market value of BTC, based on S2F should be 0.7X (either 4.5 or 9 tril)=3.15-6.3 tril
With roughly 18.1 mil btc currently, this would amount to 174-348K/btc sometime after the halving.

Interestingly, and unsurprisingly, my number matches several other projections.

[Lambie Slayer]

The only problem is when majority expects something it usually doesn't happen. Until they change their mind because of panic sell or fomo caused by the tricky whales.

The problem there is when the majority expects that whatever the majority believes wont happen, then they lose all expectation. Then the situation is a majority of people saying they dont know what will happen because they got caught up in the urban legend of "whatever the majority believes wont end up happening".

The truth is someone always know what will happen and sometimes the majority is right and sometimes they are wrong, but someone always knows something and ends up being right. And when it comes to Bitcoin that someone is a powerful group known as the Bargain Boyz.