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

[kurious]

Bitcoin was never easy.

This has always been the price we pay, how we really earn what we will receive.

When they say: 'But you were just lucky getting in early - you didn't do anything to actually earn it'

You smile because you know they're wrong and they have no idea how tough it was to HODL; how it was a roller coaster of emotions for years - a real grind that took strength and belief, that only eventually paid off.

We will have earned every fucking penny.  And it was never, and will never be, easy. Or any idiot could do it.

[BTCMILLIONAIRE]

if your last post was true, losing several millions in this turmoil, why make your partner work at all?

6-8 mil just ain't that much money man, you still work

You're completely right that it isn't that much money.

But if you wanted to you could live a very comfortable upper middle to upper class lifestyle without ever working again.

Move to an area that has appropriate costs of living and you can live off of fixed interest accounts throwing off $60~240k a year. Or $50~210k with a $1m home to cut out rent. There are plenty of very nice cities where $1m gets you a beautiful property and where $50~210k is a fortune when you don't have to pay rent.

[BTCMILLIONAIRE]

Another: planB feels that btc stayed within the S2F bands, however, one may surmise that bitcoin cycle became erratic.
There is no more clear bull and bear, or rather bull and bear appear randomly and not really connected to the underlying halving cycles.
We went down to levels first encountered in September 2017, which is almost exactly where Sp500 went to (in terms of levels vs time).

TL;DR We seem to correlate more with the stock market than with gold/silver OR with halving expectations, at least for now.

thank you for the update. but please have in mind the world is facing a crisis like the financial crisis of 2007–08 and we have no historical data how BTCitcoin will behave in such a large crisis because it did not exist yet in 2007-08. it was in fact the result of that crisis.

EDIT: but you're right Satoshi invented it with the aim to protect ppl against such crisis if they are using it. so my knowledge is limited at the moment. time will tell if we leave the crisis behind and BTC will prosper again in the future. I hope it. but in fact that is a taff and real testcase for BTC.

It is no real test case right now simply because the liquidity is non-existent. The corn is still in its infancy.

The run to $1000 prepared the fields, the run to $20k planted the seeds. Right now we're watering them for the first time. When we dump to $100k we maybe might start harvesting the first crops.

[ChinkyEyes]

@mindrust

You don’t need to go anywhere. Just put on your big boy pants & buy back at least half of what you sold. We all make mistakes.

I’ve spent over £60,000 on bitcoin in the last 12 months. If I spent that money when I first knew about bitcoin I’d have thousands of coins, I’d be a whale (I don’t & I’m not).

You have to make the best of any situation you’re in. You fucked up, admit it & buy back. Have a really nice holiday & do something with the rest of the fiat but buy back some at least.

I agree with LFC, take your loss like a man and buy back.

Bitcoin is a way out of the system.

If you need a reminder how the system is currently run just look at this video: https://www.youtube.com/watch?v=ObgXtL2bD7k

Bunch of apes in suits  

[bitserve]

@Geovanydesiju10
Quick Reminder" No one holding #bitcoin  lost anything Example: If you had 0.01BTC Before this Market sell off Guess what: You still have 0.01BTC in your wallet You only loose if you anxiously try to convert BTC to worthless FIAT
https://twitter.com/geovanydejesu10/status/1238564266879471618?s=21

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

C'on, Bitcoin dumped, it fucking sucks... just accept it like a man and don't invent silly excuses that mean fucking nothing!

Look how the same idiots start going full party when Bitcoin moons... wasn't it already 1BTC = 1BTC? C'on....

I "lost" a shitton of paper profits. There's no need to sugarcoat it. All this will pass when Bitcoin really moons.

The true meaning of this sentence is that if you are a true believer of Bitcoin you start thinking in Bitcoin and not in fiat.
When Bitcoin will be fully victorious over the FIAT Shitcoin, you won't change it back to Fiat.

So yes, fiat went up recently, don't worry. It is a rare occasion.
Fiat has been going down consistently over the last decade, so I can't understand how a very short lived fiat bull run can undermine the downtrend that started 10 years ago.
I strongly advise you to sell all your remaining Fiat as soon as possible!

***NOT FINANCIAL ADVICE*** Do not invest in fiat more than you can allow yourself to lose.

So you are expecting Bitcoin to raise in price vs fiat long term but you still think saying 1BTC = 1BTC has some meaning?

I do think in BTC terms because I do care a lot about my personal BTC count which I always try to keep increasing... that's a number that have a lot of meaning for me. I also do care about how good my BTC is doing against other assets (like USD). That's another number I do care.

1 BTC being still equal to 1 BTC? I can give two shits about that.

Really I never understood what's the point of repeating that all the time.

Btw, 1 USD = 1 USD. So what?

Wouldn't it be better if we focus on differential advantages of Bitcoin as an asset class, store of value, currency or whatever instead of repeating the same nonsense shit that could be said about EVERYTHING?

I have had this inside of me without voicing it... I really don't care... But yeah, I have always thought that each time I read that phrase.... for years now. Some day I had to let it go out.

[kurious]

Played with a few lines at TradingView. What if we're stuck in this range till mid-2021?

Bullish.

[BTCMILLIONAIRE]

if your last post was true, losing several millions in this turmoil, why make your partner work at all?

6-8 mil just ain't that much money man, you still work

Money is relative... I've worked with some very wealthy ppl that think they are poor and stressed about the future and I've seen the opposite.
Personally I can live in the mountains off the grid on next to nothing! An old timer I know very well lives off the land For a few hundred dollars a month.

This. I still live like a student and nobody knows how much I'm worth.

Small two room flat to separate work and leisure. The internet provides me with all the entertainment that I need. The only luxuries I partake in are my high-end desktop PC, Gigabit internet, and the occasional splurge on luxury food and scotch.

I'd rather leverage most of what I have into the future. Quite like the idea of funding research (nuclear fusion, rejuvenation etc.) should I somehow, God willing, end up with such sums. If not then at the very least I know that I'll never have to do anything that I don't want to for money while still being able to fulfill just about any material dream.

[kurious]

Honestly, it's a 4 year cycle, right.

2013 - 2017 - 2021.

Expecting moon in 2020 was always just hopium.   

This is fine.

[BTCMILLIONAIRE]

https://www.zerohedge.com/markets/market-broken-why-nobody-trading-any-more

The US-Treasury market is freezing up, even with a $1.5 trillion liquidity gusher from the Fed. CONfidence and trust that the fiat game is founded upon is evaporating.

I don't see any Bitcoin markets freezing up. And they run 24/7. The TRUSTLESS bitcoin network chugs along settling trades trustlessly just fine in times of absolute pandemonium.

In the not too distant future bitcoin may be the ONE OF THE FEW ways to securely transfer/settle funds around the globe.

Let that sink in a little.

Parts of Europe literally banned short-selling, so yeah.

The day stocks move onto the Bitcoin blockchain is the day Bitcoin will have officially achieved its purpose.

[HI-TEC99]

Honestly, it's a 4 year cycle, right.

2013 - 2017 - 2021.

Expecting moon in 2020 was always just hopium.   

This is fine.

[Biodom]

https://www.zerohedge.com/markets/market-broken-why-nobody-trading-any-more

The US-Treasury market is freezing up, even with a $1.5 trillion liquidity gusher from the Fed. CONfidence and trust that the fiat game is founded upon is evaporating.

I don't see any Bitcoin markets freezing up. And they run 24/7. The TRUSTLESS bitcoin network chugs along settling trades trustlessly just fine in times of absolute pandemonium.

In the not too distant future bitcoin may be the ONE OF THE FEW ways to securely transfer/settle funds around the globe.

Let that sink in a little.

Parts of Europe literally banned short-selling, so yeah.

The day stocks move onto the Bitcoin blockchain is the day Bitcoin will have officially achieved its purpose.

Banning short-selling always achieve the opposite of what is intended: it decreases liquidity and forms air-gaps under low-bid instruments, like small stocks or exotic ETFs.

[serveria.com]

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

Same here but with folks saying "I'm long-term bullish". And "long-term" tends to mean an even longer period of time. Last year such peeps mentioned 2022. This year I saw 2024 even 2030. F*ck I'd punch them straight in the face IRL.     And what is pissing you off?   

[bones261]

I'm printing paper wallets on toilet paper now.

It's the virus times version of Casascius coins

But that only works if you have toilet paper on hand. If you're fresh out and you call around and find the nearest tissue paper is at a store hundreds or thousands of miles away, you can simply drive to a closer ATM and get several sheets to wipe. Here in the US, that may be 20 bucks per wipe, but you do what you got to do.

[LUCKMCFLY]

Although it is in this stage of extreme fear, it can be seen as a great opportunity to buy cheap, in fact even Snowden is interested in buying Bitcoin.

Bitcoin Fear and Greed Index is 10 - Extreme Fear

Source: https://twitter.com/BitcoinFear/status/1238615880176713728

[jojo69]

is that a record?

[bitserve]

Some day I will buy a baseball bat and start punching everyone that repeats that same old shit about one BTC being still one BTC.

Same here but with folks saying "I'm long-term bullish". And "long-term" tends to mean an even longer period of time. Last year such peeps mentioned 2022. This year I saw 2024 even 2030. F*ck I'd punch them straight in the face IRL.    And what is pissing you off?  

Wut? We are all going to die and you ask me that??!?

Nah, I am not really pissed. I just decided it was about time to say what I thought about that statement after many years of suffering it in silence.

The long term thing is different... first everyone have different considerations of long term and also price expectations change over time depending on circumstances... But... 1BTC being equal to 1BTC? Gimme a break......

[JimboToronto]

But if I take my fiat and convert it to cash get it back from the bank that borrowed it from me, I can use it as toilet paper.

ftfy   

[criptix]

Honestly, it's a 4 year cycle, right.

2013 - 2017 - 2021.

Expecting moon in 2020 was always just hopium.  

This is fine.

As long as i can expect the bottom in 2020 everything is golden.

Post corona real estate gonna be cheap as fuck too, if the governments will fail to contain corona.


Btw. Corona is NOT about lethality - it is about the high infection rate combined with the high amount of severe cases (up to 20% depending on what source you take).

If containment fails, we will have up to 20% of 3/4 of the population needing a bed in hospital which will collapse our healthcare system.

People will not only die from corona but also from everything else.

[criptix]

I'm printing paper wallets on toilet paper now.

It's the virus times version of Casascius coins

But that only works if you have toilet paper on hand. If you're fresh out and you call around and find the nearest tissue paper is at a store hundreds or thousands of miles away, you can simply drive to a closer ATM and get several sheets to wipe. Here in the US, that may be 20 bucks per wipe, but you do what you got to do.

Guys look at the master races who dont use toilet paper at all but a so called bidet

[fillippone]

1 BTC being still equal to 1 BTC? I can give two shits about that.

Really I never understood what's the point of repeating that all the time.

Btw, 1 USD = 1 USD. So what?

1 USD= 1USD
sure.
Do you know the meme of the emptying cart, this well explain that even if 1 USD has always been equal to 1 USD, the true value (something similar to purchasing power) has been going down since inception (or 1971 at least).

So once again,
saying 1BTC=1BTC you are implying your numera ire, your basic unit of account,  is the BTC, not the dollar.

Your numeraire, your store of wealth, is the BTC, not the USD.
You are not investing USD in BTC (and price is going up).
You are investing BTC in USD (and price is going down, hence, don't hold in USD more than you are willing to lose).

When you increase your Bitcoin account you are not buying  BTC! You are selling USD!

This is, to me, the true meaning of this sentence.