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

[Icygreen]

OMG some guy I used to work with called me today to ask "how to buy BTC". Sell now!!

Nah, . There's a ton of new interest flowing into Bitcoin as new realizations of economic uncertainty wash over the masses. Bitcoin is one of the very few places to run, your old work mate is right!  They are coming, HODL

[Biodom]

I am back to my roots. Win small but risk small.

No. Win or lose. If you are going to win, might as well win big. If you are going to lose, better not to lose anything. It is, ultimately, a choice. Are you a winner or loser?

I'm kind of thinking in the same terms. Win big, replace the wife with a harem of sluts, and live on a yacht. Or lose, and work at McDonald's until I drop dead, face first into the fryer, at age 83.

BTW, j/k about the yacht.

...not kidding about the wife, I see  

win/lose depends on a personal situation

re shitcoins-I agree with @Wekkel. You spend very little on them, you ride them into the bull and if you are smart, you sell when they go 10-100X and then you use the resulting fiat for consumption or wait a bit (if sold at the peak) and re-invest into btc. Easier said than done, but if you invest just 1% of your btc value, then it is all just 'change' either way.

[Hyperjacked]

See you homies on the moon...

[JimboToronto]

It is, ultimately, a choice. Are you a winner or loser?

That's a choice we all have to make.

[serveria.com]

I am back to my roots. Win small but risk small.

No. Win or lose. If you are going to win, might as well win big. If you are going to lose, better not to lose anything. It is, ultimately, a choice. Are you a winner or loser?

In a time like this (where everything can collapse at any moment), I count not losing as winning.

I don't care about winning big anymore. Not losing would suffice. A small win would be a nice addition.  

If I wanted to win big without losing anything, I wouldn't buy bitcoin at all.

I would buy shitcoins with my $50/week. (risk/reward ratio is through the roof compared to bitcoin)

*I am also slowly turning my bank cash to physical cash because I see signs of that my country running out of FIAT reserves. That was exactly my state in 2016-2017. All physical (gold, crypto-not on exchanges, cash)

Can't believe it... mindrust turning into a shitcoin shill... 

[jojo69]

'Crazy beast' lived among last of dinosaurs



https://www.bbc.com/news/science-environment-52465584

seems somehow familiar, can't quite put my finger on it

[JayJuanGee]

@Ridesmonster
If you don’t own bitcoin you’re a fucking loser. Period
https://twitter.com/ridesmonster/status/1254795965279551493?s=21

True?

I personally am tired of the rising popularity of the whole "Toxic Maximalist" persona.  Even though I agree with most of the ideals, and also believe some people have *earned* the right to sort of take that line.   (Giaccomo, or Tuur for example)

I actually responded to that jerk in his thread and he started talking to me like I was some dumb nocoiner.  It is vanishingly rare that I am tempted to send someone a screenshot of a wallet balance but the thought of making him realize the impotency of his "I am better than you because I have almost saved up an entire bitcoin" act was tempting.

But it is currently vogue on Twitter to just be an asshole and a good way to gain popularity/followers.

I personally respect Matt Odell's "Be humble, stack sats" philosophy/style much much more.
 
Ultimately Bitcoin doesn't give a shit.  In the end that is enough.

I have mixed feelings in regards to these ideas about toxic maximalists, and personally, I tend to be more inclined with the stay humble and stack sats approach, too, but surely, sometimes there can be some need to mix up the tone and perhaps even purposefully present bitcoin from a more arrogant (and cocky) presentation. 

I can appreciate that there can be some problems, too when any of us might end up gambling too much on UP, and for example not even diversifying our own risk while arrogantly proclaiming that others should be engaged in similar kinds of investing strategies, which involves overly investing in BTC.

My quick glance at that twitter thread sparked by Mooping causes me to conclude that the purported toxic maximalist is way the hell less toxic and way the hell less of a maximalist than he is being made out to be, because largely he labelling no coiners as losers and even suggesting that any amount of bitcoin can get you out of the "loser" category.  Sure, maybe he is talking to more than 95% of the world's population, and so I can understand people who do not know bitcoin to be on zero, but I really don't see any problem calling people losers if they fail/refuse to at least attempt to get off of zero once they know about bitcoin... maybe some people will be inspired with some negative feedback and goading... hahahahaha.. no reason to take it personally.... get out there, do a bit of research and get the fuck off of zero. 

I know a lot of losers.  Many of my friends and real world acquaintances are losers, and maybe I like them as a person and for other reasons, but they have to take some personal responsibility, and frequently I have already did my part by telling them about bitcoin and being available if they have any bitcoin questions, but they still might not have been sufficiently inspired to get the fuck off of zero (even though I would not call them losers to their face, I just do it behind their back and with my fellow coiners (which aren't too many of us)... hahahahahaa)

[serveria.com]

replace the wife with a harem of sluts, and live on a yacht.

Yeah, infofront knows how to spend that filthy fiat properly...  

[Last of the V8s]

Gold BTC Bearing Guy is proud to ride with the W.O. posse.

Gold BTC Bearing Guy is proud to ride with the W.O. posse.

Gold BTC Bearing Guy is proud to ride with the W.O. posse. 

Welcome. Your head looks a bit chilly though eh.

[JayJuanGee]

Goldman’s Chilling S&P 500 Crash Prediction Makes Bitcoin Vulnerable in Mid-2020

According to the firm, the major US stock index will eventually retest 2400 points around mid-year before a stronger rally back to nearly 3000 points takes place. However, due to Bitcoin‘s continued correlation with the S&P 500, not only could this point to another stock market collapse but another epic crash in the cryptocurrency market.

https://bitcoinist.com/goldmans-chilling-sp-500-crash-prediction-makes-bitcoin-vulnerable-in-mid-2020/

By then the decoupling will be complete.

Are you suggesting, VB1001, that Goldman is coming off as a bit desperate in their lame-ass bitcoin doom and gloom correlation assertions?

[Biodom]

Goldman’s Chilling S&P 500 Crash Prediction Makes Bitcoin Vulnerable in Mid-2020

According to the firm, the major US stock index will eventually retest 2400 points around mid-year before a stronger rally back to nearly 3000 points takes place. However, due to Bitcoin‘s continued correlation with the S&P 500, not only could this point to another stock market collapse but another epic crash in the cryptocurrency market.

https://bitcoinist.com/goldmans-chilling-sp-500-crash-prediction-makes-bitcoin-vulnerable-in-mid-2020/

By then the decoupling will be complete.

Are you suggesting, VB1001, that Goldman is coming off as a bit desperate in their lame-ass bitcoin doom and gloom correlation assertions?

Goldman did not say anything about btc, that's bitcoinst author's interpretation.
IMHO, GS is about to start temporarily shorting the SP500 or, maybe, QQQ... 61.8% retrace and all (for SP500, more for QQQ)
Very large volumes at the close today with a small dip. Someone was definitely unloading into a rally.

[Last of the V8s]

[kellrobinson]

If I wanted to win big without losing anything, I wouldn't buy bitcoin at all.
I would buy shitcoins with my $50/week. (risk/reward ratio is through the roof compared to bitcoin)

 What happened to you ?
 Blink twice if you are under duress.
 I have concerns.

Why is the concern? Shitcoins are already at zero. You buy shitton of shitcoins with so little money.

Look how they performed in the last bull run:


https://www.cryptocompare.com/portfolio-public/?id=120643
That guy bought these for $10k btw. (He has a topic in this forum too can't bother to find it now. He is also on twitter, nick is HR)

You think that's impossible to happen? Well, it already happened once.

And yes that's still me. I didn't say I am buying shitcoins. (other than LTC and XMR but these are semi-shits, ltc is probably close to being complete shit. I always liked these 2 anyway.)

Stick around, rusty.  We need alternative voices.

What do the Chinese characters on the notepad mean?

[JayJuanGee]

O.k.  Presuming that I might possibly have more than one bitcoin, that one bitcoin is a good goal, and remember how long it had taken Mindrust to get to 2 digits?   I am not going to suggest that I am better off than him or worse of than him.. at least where he was at.  He was proud of reaching 10BTC and then either the same day or the next day, he sold everything..... Fuck.

I'll say it again: poor Mindrust. One day he'll become popular like that bitcoin pizza guy by showing up on TV and telling his story of how he sold the bottom at ~$3800? Anyway, his story is just another hodling fuel for me. Sell now regret it later.  

Did someone call me. xd

Selling from the bottom costed  $40k+ now btc is going above $8k and possibly will keep losing while it keeps going up. Still though, I know how It felt when I was over-invested. That's something I don't want to experience ever again.

Got %1 exposure in crypto right now and it feels quite good actually. In time It will reach %10-20 probably and I don't want it to go higher than that. I don't expect anything more from this investment tbh. I'll mostly keep staying as cash in the next 3-5 years.

I don't see this disease going away soon.  Still making my $50 weekly buys, no big deal. Got some alts like ltc and xmr too. (I am not %99.99 btc anymore) If these all reach their ATH's again, it'll make up for my losses last month. I don't expect anything more from crypto.

It is all about how you feel safe, well, I feel safer when I got more cash around. (no offense, I don't feel safe with an asset that is volatile af) Back to buying lottery tickets. If they go high, its good. If they go to zero, who cares. Stopped being greedy about it. It doesn't do good to me.

*I'll also be extracting cash out of it as long as it keeps going above %20 of my portfolio. (That's something I should have done since the beginning) Last month changed my views on making investments a little bit.  (hopefully in a positive way)

Ultimately, I hope that it is all positive for you too, and probably it is going to be a lot better for you to NOT be considering how much it costed you for your March 12^th-ish mistake (or learning experience or however you are characterizing it).  

Members here, including myself, are likely going to keep using you as an example of "what not to do" but as long as you own your own strategy, then who the fuck cares what any of us think about what you did, what you should do and/or if it was a good idea.  

You are the one who needs to feel comfortable in regards to your current strategy being appropriate and fitting to your own situation, including whether you might feel that you might need to tweak from time to time, as you determine to be needed.

Even though I might not seem to show it through my ongoing tendency (might even be irresistible) to exemplify you as an example of what NOT to do, I do continue to appreciate your willingness to share quite a few of your details and to own them, even though there are likely a lot of members here who disagree with you.... the whole situation is a kind of ongoing dilemma and maybe even kind of with ongoing built-in contradictions for many of us... ..

@mindrust, you should know a bit better with the words if it goes to zero.... to many strong hands and fundamental believers....

I hope you will invest a bit and at least buy a full BTC to HODL, start some DCA again and stay interested.
I do understand the feeling of being over invested isn’t easy to live with, but nothing comes easy in life.

Buy btc cause you don’t trust the current system, buy btc for financial freedom and don’t let fiat wealth be the main factor...

Cheers and be safe and happy with your decisions

Obviously It cannot go to zero as long as the network functions but it can go to $3-5k and stay there for a long time if the world economy loses its shit completely. Maybe even $1k.

If people can't find money to eat, would they buy crypto? nope. The only thing that can prevent this from happening is the FED and its printer but what if the printer go kaputt?

There is another thing...

I am starting to feel weird about this tether stuff lately. It bugs me a lot tether staying at the 4th spot on CMC.

What if that 6.4Billion USD is the amount Finex created out of thin air is to keep bitcoin alive (alive in contrast of dead, $1k) and that's the exact amount that people extracted from btc over the years? They created that 6.4B to keep BTC from collapsing, maybe? Because otherwise that 6.4B means Bitfinex owns 6.4B worth of assets which is, kinda, bullshit you know.

Thinking about this gives me more and more warnings about this thing so yes, I'll keep my position small and will keep extracting money when it reaches a certain size. I had my chance to buy back from 4.5k didn't do it. If it goes back to 4.5k again, won't do it again.

On the other hand, in a world where almost everything is a lie, a 6.4B lie from Bfinex looks sustainable.  

The thing is btc is not the unbeatable, invincible investment asset once it looked like to me anymore. Do I care about it when BCH makes a %500? Nope. That's how I feel about crypto now.

You do seem to be giving too much weight to however bitfinex and tether might factor into bitcoin's price dynamic - other than that, cannot really argue with what is motivating you, even though you are likely to be wrong, overall, but some of your ideas NOT totally unreasonable (yet).

[Last of the V8s]

*Korean writing. no idea
it's the wee sister who stands to be the new dictator of the north, possibly, animed

[OutOfMemory]

OMG some guy I used to work with called me today to ask "how to buy BTC". Sell now!!

Nah, too early.
When the guy at work advises friends of his friends to throw all their savings into bitcoin, he even took a loan and considers to sell his physical belongings to buy more BTC, THAT'd look like a nice sell trigger to me.

[cafetools]

After  little consolidation, 9k here we come (at 8827)

[jbreher]

This is a picture of Lazlo ordering a couple pizzas via the lightning network.

Aside of bitcoin, Imagine the number of times he has ben called on to tell the story. Interviews areticles. I bet he did alright even only from that.

In my (admittedly limited) experience, media mentions are rarely accompanied by any renumeration.

[Globb0]

It is, ultimately, a choice. Are you a winner or loser?

That's a choice we all have to make.

I know what you're thinking did I fire 6 shots? or was it only 5?




Do you feel lucky?

[jbreher]

I have mixed feelings in regards to these ideas about toxic maximalists, and personally, I tend to be more inclined with the stay humble and stack sats approach

Haha. JJG made a funny.

XD