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

[El duderino_]

Where is the corn going at... +6K or below bottom.... to many questions, just ride along I guess

[JSRAW]

Fits nicely atm..

[bitserve]

Most bitcoins were mined when their price was below 50 bucks. There are millions of them.

Do you understand what means?

It means this whole thing can go to zero and halvening don't really mean shit. There is no bottom. No TA.

You are right that BTC has no bottom. No TA, it can go zero anytime but I don't agree that most of the bitcoins were mined under $50 price of BTC doesn't necessarily mean that all these mined bitcoins are not moved. Other people have valued these BTCs more higher than $50 and it's not $50 for them.
I don't have idea about how many BTC isn't moved 2013 (Would appreciate if anyone shared a tool to check if available.), depending on that stats, I don't think these will be a couple of millions. I assumed the figure and the opinion is from that assumption. Correct me if I'm wrong.

It doesn't matter that much. Many of those coins are already "lost" forever or in very strong hands. In the second choice, we are talking about hodlers that have had the opportunity to sell at this and way higher prices already... and probably they have already extracted as much FIAT as they wanted, so they don't really NEED to sell now at suboptimal prices.

Most of the selling we always see are usually just weak hands, people that needs the money or that simply just realise how much overinvested they really were.

Also in a liquidity crisis some of those hodlers might want to go bargain hunting stocks or other commodities so it is completely natural that BTC price also dumps to the point were they risk/profit ratio is again better than that one of stocks.

In a situation like this, cash is king short term... Althought you don't want to stay on it when the recovery starts as it will be left way behind. When that happens, some will go to stocks, some to BTC, etc... until everything rebalances again.

Past production/acquisition costs (like $50 per coin) are a thing of the past. I bought my first coin at around 50€. Yet that figure is now completely irrelevant to me after having had plenty of opportunities over the years to sell it for thousands... and even having bought others for thousands instead. So that's how much I value my coins.

Would I sell for less if I really *NEEDED* it? Probably... if I really can't avoid it.

I am sure someone with heaps of those $50 coins is not in much need. Even though, some will sell... and some others will buy. As it has always been.

[Cryptotourist]

Fits nicely atm..

Quoted for posterity. 

[bitebits]

Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.

Just a little blast from the past.

And LFC is still buying like a bandit today.  Add another 5 years and he is probably still just wall observing. From his private island. And fucking deserves it for taking the risk.

[LFC_Bitcoin]

Just a bit of fun speculation -

What price do you see one bitcoin being valued at in 10 years, take a guess?

I'd be absolutely fucking delighted with $5,000 per bitcoin.

Just a little blast from the past.

And LFC is still buying like a bandit today.  Add another 5 years and he is probably still just wall observing. From his private island. And fucking deserves it for taking the risk.

Out of fiat now, all future buys will be money laundered from our business lul.

[Phil_S]

I'm not sure that picture is still valid.

It used to be that hordes of barbarians will invade, pillage and plunder the weak country.

Now the culture is pretty much the same everywhere. Netflix and videogames.

[JSRAW]

Visuals are irrelevant, words are not..

[Wilhelm]

Visuals are irrelevant, words are not..

A picture speaks a thousand words... so they are relevant 

[Cryptotourist]

I guess BTC is zed.
According to tradition though, it should get resurrected around Easter time.

Visuals are irrelevant, words are not..

Strong disagree there buddy.
Ever heard "one picture, 1000 words?"

Edit: beaten again ffs!

[JSRAW]

Visuals are irrelevant, words are not..

A picture speaks a thousand words... so they are relevant  

Agreed but what hurts or motivates most.. picture or words?

[Cryptotourist]

Agreed but what hurts or motivates most.. picture or words?

Both.

Words cannot even,
describe this cocksucking dip,
just hodl me brother.

#haiku
#nohomo

[vroom]

finally, the TP calculator: https://howmuchtoiletpaper.com/

[Ibian]

Ok, this seals it for me, the bio-engineered virus is a spook operation for sure. Probably CIA is only agency with access to such bio-weapons or authority to commandeer such access. NSA is branch of army so maybe them too but unlikely to get involved. May even be a rogue branch that 'slipped up' while doing their hidden masters bidding from the seat of the UN or some other global secret society power, e.g. Fabians.

The virus was engineered by a laboratory in Wuhan, and includes parts of tuberculosis and HIV. However, most of those reported with the virus dont have it, and most deaths also have nothing to do with it. Basically, anyone dying from pneumonia or from a cold is being marked in hospitals as a victim from the virus. The virus is real, but the pandemic is fake.

The ones who died in China, however, were infected by it. Since its a hybrid virus, it needs a push to work properly, and this was done with the 5G installed in Wuhan. The process of electroporation allows for remote control of the virus, through the use of nanomilimeter waves. These waves can penetrate the body and reach the cells, but they need an agent and a transmitter, in other words, the virus and the 5G cellphone.

The chinese population was vaccinated against coronavirus in December 2019.

is the water making the frogs gay?

The water is actually making the frogs change sex.

[Ibian]

I'm not sure that picture is still valid.

It used to be that hordes of barbarians will invade, pillage and plunder the weak country.

Now the culture is pretty much the same everywhere. Netflix and videogames.

Which leads to the worst of all the horsemen: Death. We have simply lost the will to live, to even reproduce. Most people today are dysgenic specimens.

[Wilhelm]

Visuals are irrelevant, words are not..

A picture speaks a thousand words... so they are relevant  

Agreed but what hurts or motivates most.. picture or words?

Depends on what I was doing when the pic was made 

[Wilhelm]

finally, the TP calculator: https://howmuchtoiletpaper.com/

I'll survive the pandemic

[El duderino_]

finally, the TP calculator: https://howmuchtoiletpaper.com/

I'll survive the pandemic

Let’s hope, though it’s not written in stone....  if not the disease, still watch out for crazy peeps in need for your TP

[Cryptotourist]

Flipping electrons,
store their value in bitcoin,
like a power bank.

#haiku
#deep
#Sunday_everyday

[Phil_S]

I'll survive the pandemic

And we'll never dip under $5000