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

[JohnnyUranus]

wow

nice action!!!

[1715232016]

1715232016

[1715232016]

1715232016

[JayJuanGee]

@JJG: Price went roughly $100 lower than on nov. 25th, so does this count as double bottom yet?

I am not really a "double" bottom expert.  I am still working on my skills in that arena, so I might need to see a visual in order to determine.    

Thought you were writing that you're waiting for a DB?
Anyway:



EDIT: Well, it's not a confirmed DB as long as the price is below $7.9k, the missing part i just read up quickly.
Noobs, bloody noobs (Nepultura) 

That was not the kind of visualization that I was considering to be helpful to truly be able to analyze(feel) the matter on both a logical and emotional level. 

[JayJuanGee]

Coming out of retirement happens more often than you think. Not one in a million. I wasn't exactly retired a couple years ago, but then I was unemployed surviving on coins. Wasn't enough I guess.

That is part of the preparation (and maybe even over-preparation) point that I was trying to make.  

Not about you, specifically, but more about making sure that you have your bases sufficiently covered after you do cross into that preparing for "retired" arena (and assessing readiness).. and even to have the less than likely scenarios covered.  

Of course, coming out of retirement after NOT intending to happens way too frequently than what the wannabe retired folks had attempted to plan and prepare for.

[Cryptotourist]

I would like to proclaim that "we"(royal we that is) are not that open-minded in these here parts.

 

[JayJuanGee]

I don't know why I find this so fucking funny...

Because you are jaded as fuck.   



Sorry to admit that I am jaded as fuck too... and getting a lot of internally deep pleasure out of anyone getting rekt (the more the better) when the BTC price goes against them, especially in the up direction.

[Last of the V8s]

'The bottom' my arse.
Not yet sorry lads.
Look at the weekly, it's ugly out there.

[LFC_Bitcoin]

'The bottom' my arse.
Not yet sorry lads.
Look at the weekly, it's ugly out there.

Do you think?
I was going to make a significant buy yesterday but bottled it. If we go lower again I’ll definitely pull the trigger next time.

[El duderino_]

'The bottom' my arse.
Not yet sorry lads.
Look at the weekly, it's ugly out there.

Says the betting guy 

[JayJuanGee]

@Dabs then I got  my story wrong excuses..... I though you told to invested 50btc you held....

I wish I had traded them all, that would have been the correct move, in hindsight. I think I'd survive maybe 5 years just on BTC alone even if I never earned any more; I'd probably be looking for employment by the second year anyway so I could preserve as much of the BTC as possible.

I "earned" the alts, so it's not like money or fiat I had that I then invested into BTC or alts ... maybe everything was good for everyone a couple years ago and we all didn't see the winter coming.

Yeah, it’s still understandable when floating on some awesome incomes to keep onto them though sometimes need to secure some in the main asset of own believe.... and that should be BTC..... then again we all make mistakes, I made my major one as well.... 

Of course, there is an altcoin versus BTC lecture in there, but still BTC is risky as fuck in terms of volatility, so if you are going to retire you have to prepare for that and have a variety of income streams, and better if they are not really correlated at all to BTC, to the extent that you keep a decent portion of value (and expect income from it in BTC, too).  Seems to me that any kind of prudence would prepare for 90%, and possibly even more price corrections in BTC.. even if such price corrections might not happen in the future.. but we cannot really and realistically rule out such levels of correction in the future (even in the present).

[JayJuanGee]

'The bottom' my arse.
Not yet sorry lads.
Look at the weekly, it's ugly out there.

Don't tell me that you still have hope for your Hairy bairy bet?

I'm gonna have to bring out batman..., if someone else does not beat me to it.      

'The bottom' my arse.
Not yet sorry lads.
Look at the weekly, it's ugly out there.

Says the betting guy 

Well.. mic beat me to part of my point, absent the batman "snap out of it" meme... 

[Cryptotourist]

'The bottom' my arse.
Not yet sorry lads.
Look at the weekly, it's ugly out there.

There can be only one bottom.



Sik.

[Last of the V8s]

Don't tell me that you still have hope for your Hairy bairy bet?

I'm gonna have to bring out batman..., if someone else does not beat me to it.     

Nah that's long gone. Local bottom not yet found. Keep up Robin.

[JSRAW]

What is ownership rate?
9% of the population? What are we talking about? US? World?
No source data... looks like bullshit to me.

Yeah.. that is way to damned high, unless we are talking about a specific bitcoin saturated location... Even the USA that is supposedly more highly internet/bitcoin aware is lucky to have anything close to 5% overall, and maybe only achieving anything close to 9% in a few pocket cities, perhaps.

Main source
https://steemleo.com/cryptocurrency/@taskmaster4450/millennials-will-guarantee-cryptocurrency-success

[Cryptotourist]

I love you Emily.

[fillippone]

I love you Emily.

Is Emily #2? I thought I recognised her.

[bitserve]

This is fine.

That being said we won't be out of the woods until after $8K+.

[bitserve]

Coming out of retirement happens more often than you think. Not one in a million. I wasn't exactly retired a couple years ago, but then I was unemployed surviving on coins. Wasn't enough I guess.

IIRC, you played your cards really well (converted the altcoins into BTC at the peak) and ended with around 50BTC a couple of years ago. WTF did happen?

I didn't convert them all. That was the value if I had. So yeah .... right ... The alts were ... staking or getting rewards, and I lived off those rewards without eating into the principal, so in that sense I wasn't losing. But then everything crashed, so the alts weren't enough.

If I did convert it all, I would most likely still be unemployed today but it's a good thing I discovered all sorts of traditional financial investments because of that that I'd know better what to do next time and at least set aside some as a conservative investment in fiat, or as an emergency fund at least.

Other things happened in between, like exchanges literally dying as I was trading them, so lost some that way.

Sorry to hear that. I remember that, at the time, I though it was envious how well you played the up and downs, but I guess shit can always happen no matter what. 50BTC would still be a pretty healthy stash even at current prices.

I am not too much into alts, but I do remember how Byteball, for example, had an sky high valuation while it was paying "rewards" and then it dropped to almost nothing when it stopped doing it. I guess the moral of the story is that alts will always be alts and Bitcoin is the only safe (even if volatile) store of value.

[mindrust]

Everybody has gotten smarter since the last shitcoin mania which means shitcoins may never reach their ath prices again.

Bitsend used to be $2, burst was what? $0.1 or smth. They nearly lost 99% of their value.

The free bsd I got from the airdrop used to be worth nearly $2k. Now it is only worth a bottle of beer.

[jbreher]

It is faith in mathematics and rationality of the humans.
Still faith, but a lesser one.

Nah mate, you don't need faith in mathematics, that's an oxymoron. Faith is a belief in something you cannot prove, like religion as you said, but very much unlike math(s).

To be pedantic about it, all of mathematics lay upon lists of unprovable axioms.

[HairyMaclairy]

It is faith in mathematics and rationality of the humans.
Still faith, but a lesser one.

Nah mate, you don't need faith in mathematics, that's an oxymoron. Faith is a belief in something you cannot prove, like religion as you said, but very much unlike math(s).

To be pedantic about it, all of mathematics lay upon lists of unprovable axioms.