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

[soxxx]

So what this basically tells me is that its likely that we will reach $13,900 on or near the day of the halving, and that this bull market is more than likely going to be similar to the last one, although it moved differently , it will come back to that line and go above and below it.

Yup that’s pretty much it.  

A $250,000-$300,000 Bitcoin makes sense. Bitcoin went from $5,000 to $20,0000 in a 2 month span. I would say its probable that we see Bitcoin go from $100,000 to $300,000 in a similar type of time span. $100k is obviously a significant number and when we do hit it, its going to be a huge story.

Glad I get to sit back and watch this drama play out.

You are just going to sit back?

Aren't you going to be nervous?

I was nervous when BTC went from $5k to $20k in mid-October 2017 to mid-December 2017.  

Of course, it was exciting and made me feel good, smart and rich, but it was also nerve racking.  

I suspect that if we get BTC price moves from $100k to $300k in anything close to a 2 months time frame (let's say in about late 2021 - could come sooner or could come later), I am anticipating that I am going to be quite nervous... even though I anticipate that I am still likely going to have a lot of bitcoins in such a scenario...  anticipate to be more than 70% of my current stash, I suspect.

Im nervous as all hell man trust me, I do have certain numbers where I plan to take profit but obviously its easier said than done. Kinda crazy how some of us will have been prepared years and the the biggest gains will come in the last 4% of the whole cycle......the window is small as hell to actually execute something you have waited years for.

[VB1001]

Good morning, Bitcoiners! How have you been? In need of some holiday cheer?

Here's @ahkyee, a director at Visa sharing a report from @DeutscheBank on some wild predictions (including Bitcoin) for 2030. Do I have your attention yet?

https://twitter.com/hansthered/status/1202980876176351232

[jbreher]

Yeah, of course, there are still a lot of dumbasses who actually believe the bearwhale propaganda,

Which bearwhales are spreading propaganda?

I was not referring to any bearwhale(s) in particular.  You should have been able to understand my mean ing from my earlier post.

There is a general phenomenon that bearwhales employ both hard dumping and FUD spreading or whatever they can in order to attempt to get the BTC price to go down for as long and as far that is possible...

Hey Torque - how'd you manage to jack JJG's account?

[JayJuanGee]

those kinds of BTC price fluctuations (whether fake outs or not) did not trigger any of my BTC sell orders or my BTC buy orders, so my amount of BTC stayed the same, so the value of my BTC stayed the same, too when the price moved up and down.

I think I see the problem.

Maybe you can explain?

Just poking you, given your previous proclivity to proclaim my price interval as preposterous.

That's fine.  I don't mind being poked, and even if there is merely a difference of opinion regarding what are reasonable increments.

Of course, there will be a decent amount of user discretion in these kinds of matters, and my previous grilling of you was attempting to take into account the whole situation and what I perceived to be reasonable adjustments, based on increased bitcoin prices and also presumptions that your stack of coins would have decent probabilities of being somewhere in the same territory as mine, but maybe I am presuming too much, too?  Or even your values on time versus money, since we are likely similar ages, even though I suspect you are a bit older than me.

We have already had some variation of this conversation, and in that older conversation, I was actually asserting that maybe you should not be trading BTC so frequently

Bingo.

That is your personal choice, and it is discretionary regarding how you value your time versus how much money (whether bitcoin or dollars) that you may or may not be able to stack up by trading so frequently versus how much time it takes to manage your trades, especially if you are carrying them out manually.

Methinks you overestimate the time commitment required to run the system at a lower interval.

You might have some more efficient methods of time management or order management than me, but I have been practicing with my trading and setting orders and blah blah blah enough to know how much time those kinds of activities take for myself and how I value my time versus my money and those kinds of weighings of personal factors. 

So, in the end, I am just asserting a general outline for what I am doing in regards to my BTC trade orders and the adjustment that I have historically made, continue to make and tentatively anticipate making in the future.

[JayJuanGee]

Yeah, of course, there are still a lot of dumbasses who actually believe the bearwhale propaganda,

Which bearwhales are spreading propaganda?

I was not referring to any bearwhale(s) in particular.  You should have been able to understand my mean ing from my earlier post.

There is a general phenomenon that bearwhales employ both hard dumping and FUD spreading or whatever they can in order to attempt to get the BTC price to go down for as long and as far that is possible...

Hey Torque - how'd you manage to jack JJG's account?

This is how I feel about you, at the moment, jbreher (I am the one in the blue.  You are the one in the white):

[VB1001]

https://twitter.com/Pladizow/status/1203013202105290753

Judging by the graph, the ascending ramp approaches.

[soxxx]

https://twitter.com/Pladizow/status/1203013202105290753

Judging by the graph, the ascending ramp approaches.

It was actually 1132 days before it retested the ATH, it took another 100 days before it would come back and break it. If history repeats then in January of 2021 we retest $20,000.

[Wekkel]

I approve of the increase in (hopium) chart posting.

[El duderino_]

I approve of the increase in (hopium) chart posting.

That’s good to hear, another new bullish indicator 

[Bossian]

This chart is important.

Posted by beincrypto.com in September (hence the 8.4k price). The blue and green lines are resistance and support. I kept this chart on my desktop.

If by the halving we are around 9k then it's all good, we also need to be around 8k in February-March but we saw the fractal of NebraskanGooner which indicates 7.5k area in this period.

Time will tell who's right and who's wrong. Keep an eye on this chart in the following weeks. 

[LFC_Bitcoin]

Is Miner Capitulation A Real Thing? Does This Affect The Price of Bitcoin?

The Cost Associated with Bitcoin Mining

https://medium.com/digital-alpha-research/is-miner-capitulation-a-real-thing-does-this-affect-the-price-of-bitcoin-ac4516030f0?

I think the chart is 2018, but the content of the article on the cost of mining Bitcoin is current.

Who wants to join me & start a mining farm in Myanmar?

[JSRAW]

Suu Kyi approves.... Welcomes....

[Cryptotourist]

@Cryptotourist (our new best pal)

Give us something to sink our teeth into here. We really want to stay and hang out. What can you offer? We need something with some meat on.

Pretty sure we are not going to make it to pals dear.
Whats up with the we? Is it a Cuntonian1661 we, or a full retard gembitz we?

Anyway, as requested:



Have fun.

[ivomm]

Who wants to join me & start a mining farm in Myanmar?

Trinidad and Tobago is better. Beach, palm trees, nice BTC profit+mining income=happiness!  

[Last of the V8s]

...
Who wants to join me & start a mining farm in Myanmar?

...
Venezuela is one of the cheapest places in the world (on record) to mine bitcoin because of the really cheap electricity prices. Anybody feel like going to live there for 12-18 months & setting uo a mining farm with me?
...

Every few months the LFC gets wanderlust

[Last of the V8s]

The new hat. Decided this was the most incognito and least likely to draw unwanted attention. Lets see if anyone recognizes it at all.

You might not know anyone recognised it until the four armed thugs bundle you in to their panel van.
Cheerful thought. I don't wish it on you; of course the reverse. Be careful and maybe just wear it when mowing the lawn etc?

[El duderino_]

The new hat. Decided this was the most incognito and least likely to draw unwanted attention. Lets see if anyone recognizes it at all.

You might not know anyone recognised it until the four armed thugs bundle you in to their panel van.
Cheerful thought. I don't wish it on you; of course the reverse. Be careful and maybe just wear it when mowing the lawn etc?

These days 1000's of BTC-shirts, sweaters, HATs, socks, merchandise being sold........ Even a lot of people just wanna act of being in the space while not knowing what they wear ....   


I do not encourage to go in the open and tell everyone you own BTC or..... but you get the point

[serveria.com]

Eat the rich! Haha wasn't easy to spot that.

[serveria.com]

Is Miner Capitulation A Real Thing? Does This Affect The Price of Bitcoin?

The Cost Associated with Bitcoin Mining

https://medium.com/digital-alpha-research/is-miner-capitulation-a-real-thing-does-this-affect-the-price-of-bitcoin-ac4516030f0?

I think the chart is 2018, but the content of the article on the cost of mining Bitcoin is current.

Who wants to join me & start a mining farm in Myanmar?

Well most of these are "official" but there also some "unofficial" electricity prices. One of my friends offered me to invest in a mining farm in one of the eastern-European countries and according to him electricity was "free" or very cheap. I asked him how it was possible he said well the government is giving big discounts to farmers and so on. So Im sure if you look properly you should be able to cut these costs significantly. And yes I turned his offer down because it wasn't king BTC he was planning to mine...   

[serveria.com]

The new hat. Decided this was the most incognito and least likely to draw unwanted attention. Lets see if anyone recognizes it at all.

You might not know anyone recognised it until the four armed thugs bundle you in to their panel van.
Cheerful thought. I don't wish it on you; of course the reverse. Be careful and maybe just wear it when mowing the lawn etc?

Yeah huge opsec violation... wouldn't want to wake up in a van with a soldering iron up my ass....