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

[eXPHHorizon]

I doubt that a Giant Hornet can leave its hormone scent on a 200MPH swing from a Tennis Racket  . Althrough i would not advise you to fight a Giant Hornet nest with a Tennis Racket tho  

no, but they can rip the head off every soldier in another species hive without losing a single individual

they weren't sure what was going on at first because there are no casualties among the hornets so no bodies in the destroyed hives.

bees kind of important to our food chain yo, it's not about a couple goddamn humans getting stung

Yeah Giant Hornets are really effective at Killing other Flying Insect species.. They really like to kill Bees expecialy, thats why i promote the eradication of Hornet nests near Bees. it is either the Hornets or the Bees unfortunately.... The Hornets will not die off, they will just be forced to move away from humans in a remote area.

We had a nest of Hornets in our attic and it was MASSSIIVEEE , so massive infact i did not dare to aproach it. Had to call the Firemen to come Fully suited for a big fire to take them on...


https://www.youtube.com/watch?v=QJ8ls5oN3ps
It was something like this.. just that instead of this small Hornets flying around there were fully grown European Hornets  

Holy crap, watch this
https://www.youtube.com/watch?v=35rNS8ZKZvQ

[1714889733]

1714889733

[Biodom]

OMG I just cooked the most amazing lasagne.

Send me some over Zoom, please...no, Zoom cannot do it yet?  

[some relatives are engaged in showing their live meals over that app....too much family interaction for my taste]




^^^you can't breeze through the skin, LOL...self-circumcision gone bad.

[Toxic2040]

Scenario: down to the dashed line, up to the dotted line...beats the reverse, IMHO.
What are our chances @Toxic2040? Most probable scenario?

Most probable? That we trade between the 0.382 and the 0.5 imho. People are buying and hodling bitcoin from what I am seeing. Has me thinking we could see a test at $10k soon..if not now then maybe by mid summer.

All I can really say is that my bitcoin feels more like $10k coins than a $5k coins atm.

[bkbirge]

bees kind of important to our food chain yo, it's not about a couple goddamn humans getting stung

QFT. I don't know why I still get surprised at people's lack of knowledge of some of the most basic topics. And I'm no Brainiac but this is kind of well known stuff.

[JayJuanGee]

Vegeta is back guys

... shall we play a game?

To play a game you must have some bitcoins and you have not for you've already sold yours in anticipation of lower price.

Did that happen in regards to Marcus?  How do you know becoin?  I really doubt that marcus would sell a large portion of his BTC stash preparing for down, even though I would NOT presume that he did not sell some.

I am sure that some regular members, here, sold higher amounts of Bitcoin than they would like to admit in the thread because they realize that they might have been gambling a bit much in regards to the level of down that they were anticipating that in the end might not happen.

I doubt that Marcus went full fiat, but I would not put it past any member here to have made the mistake of overly preparing for down... meaning selling more in preparation for down and causing themselves to be inadequately prepared for UP (and the UP that we ended up experiencing in recent weeks).

Around March 23-24-ish, I made a decision to sell slightly more BTC in the $7k to $8,500 price range in order to be better prepared for the possibility of going below $3k.  Here is a link to a post in which I describe some of my contemplations in that regard.  I probably have a few more subsequent posts that were related to the topic that came after this linked referenced post.

In essence, my recollection is that at that time, I felt that I was inadequately prepared for the possibility of sub $3k prices, and even the drop from $7,200-ish to $3,850 on March12 caused me to buy a bit less bitcoins in the $4ks because I was somewhat hoarding some of my cash and really did not feel that I had much of any cash left in the event that BTC were to go sub $3k.  So, ultimately, after some thought between March 12 and March 23-ish, I considered meaningful adjustments, and I executed on that decision by tweaking my buy/sell orders.

After March 23/24, the BTC price mostly did not correct (so far), and so I ended up selling a bit more than I otherwise would have.  Of course, if the BTC price had gone down, after that date, then the flow of fiat and BTC in my portfolio would have played out a bit differently, yet I do not regret my decision, at all.  

I implemented incremental increases in my BTC sales, so instead of buying back more BTC than I sold (that I had been doing since about mid-2019 - and likely previous to that, too), I was selling a little bit BTC more than I bought back in the $7k to $8,500 price range, and which largely meant that part of any fiat proceeds from sales that were made from those BTC sales in that $7k to $8,500 price range  were allocated towards buy back in the lower $3ks, which would thereby free up some fiat that I have off-exchanges that could be dedicated to the possibility of BTC prices going below $3k, which I was thinking that would largely be assigned between $2k and $3k, but maybe I would spread it down a bit more, and then likely I would run out of money that I would be willing to dedicate to further BTC sales, unless the BTC price remained in those lower price ranges, then new cash flow could be used for old school regular DCA-ing.

Anyhow, it is seeming quite likely that my preparations might have been for naught, but I do not feel bad about it at all.  In the end, it is only a few percentage of what I would have otherwise done, and all of that provides a kind of just in case the shit hits the fan, insurance.

By the way, after going above $8,500 in the past few days, it seems to me that my buy/sell BTC orders have largely reverted back to a situation of what they had been prior to my March 23/24 "emergency" tweakenings of my plan and my attempt to execute upon those tweakenings based on the subsequent BTC price movements, which we saw ended up largely playing out to the upside after that "emergency" (somewhat) change of plans/past practices.

[serveria.com]

via Imgflip Meme Generator

Man that's f8cking gross 

[JimboToronto]

Here's another Warren Buffett quote that applies to Bitcoin:

[Raja_MBZ]

Oh God Mic, what the hell have you shared?!? I don't think that I'll be able to get it off my mind in the next few days.

[JayJuanGee]

Hairy!

welcome back!

now get the fuck back in your house

Yeah.  So I started a vegetable garden.  And the fucking possums are eating (ate) all my hot chili peppers.  Everything else is fine tho.  

Welcome back sire HM, so you did hear my call  

Thanks Dude. I did hear a little ding-a-ling.  

It is good to see that the majority returned, where to be better than here.

I came back for halvening party.  Someone remind me what block height we are waiting for?

They changed the design of the rocket..... I suppose that makes sense.  1228 Blocks remaining, as I type.


https://www.thehalvening.com/

[Biodom]

re Buffett...

1. Is there a job requirement for the successor to have similarly raspy voice..that dude (Abel) is probably in his late fifties.
2. You just know that once in control, he will allocate hundreds of millions to himself as a salary...and if not him, then his successor.
3. Under performance of BRK-A for the next 20 years is inevitable. It is probably a nice short or at least an arb with SP500.

Short BRK, long btc might also work splendidly aka using BRK basically to finance btc long. Not as good as USO short in the last 12 years, but...

[JayJuanGee]

as we see here often, many Americans think the virus is imaginary and they can just shoot it if they see it.

while i have a fondness for small caliber weapons, i dont think any of my stuff is that small.

9mm seems the most reasonable out of the small ones, no?

I mean if you are using it for home defense or maybe self defense (or maybe wanting to be a hero in some mass shooting situation?)


Yeah, I am not referring to shooting viruses, but instead preparing for people going crazy and just trying to make sure that you are safe.

I am more into home protection than carrying a gun in the wild, because it seems a bit unclear how likely it would be to end up in one of those situations in which I might be able to be more help than harm.... I am not 100% resolved on this, because it seems that in recent times, in 'merica, part of the incentive to get/maintain a weapon (or to carry one) is based on so many other people acquiring such weapons.

Thank you JS very much
2 things from the UK 'news'
1. there exists an underground network of hairdressers
2. old people feel they are being discriminated against by being asked to shelter at home, and they are willing to rebel against this and go to prison if need be (where presumably they will be locked indoors)

Prison seems to be no where that anyone should want to be in times of a virus.

The state does not seem to be very sympathetic to prisoners (guards, either for that matter).

[Last of the V8s]

newsflash people just to reiterate:
bees being important is a trope
they are not going to survive the next 5 years
we will survive though without them

[JayJuanGee]

Im just waiting to scalp longs at the second halving happens

What does that mean?

Let me speculate.  It means that you are planning to sell BTC in the near future because you are expecting a kind of upward BTC price movement and then waiting for some kind of BTC price correction in order that you can buy back (and presumably get more BTC)?

By the way, we are coming upon our third BTC halvening in 8-9 days... the second BTC halvening was in July 2016. You know that, right?

[Biodom]

Im just waiting to scalp longs at the second halving happens

What does that mean?

Let me speculate.  It means that you are planning to sell BTC in the near future because you are expecting a kind of upward BTC price movement and then waiting for some kind of BTC price correction in order that you can buy back (and presumably get more BTC)?

By the way, we are coming upon our third BTC halvening in 8-9 days... the second BTC halvening was in July 2016. You know that, right?

he is saying that he would short into inevitable correction (the very second the halving happens)..well, Mr Market likes to play with those who are cock-sure.

[Ibian]

Vegeta is back guys

... shall we play a game?

i am so glad i have no idea what this vegeta thing is.

i do get the CCMF bit so there is that as a plus in my favor

observing $9100+ USD (coinbase again, sorry) which is an even bigger plus

You have no idea what you are missing, boomer.

[JayJuanGee]

To all hodlers, and Mindrust, a 2.5 minute message from Warren Buffett during yesterday's Berkshire Hathaway Annual Shareholder Meeting:

https://www.youtube.com/embed/69rm13iUUgE?start=11600&end=11756

Beautiful!

Just replace "stock" and "Berkshire Hathaway" with "Bitcoin" in the above clip, and he is SPOT ON!

Surely, even if Buffet is not a believer in bitcoin, we should be giving him credit for attempting to consistently follow a long term strategy within any of his investments, so anything bought today needs to have a long timeline before contemplating selling it.

Of course, with bitcoin we have been seeing buyers who have been able to get through 1 or 2 cycles, and to be able to cash out fairly BIGGLY - but at the same time, even those of us who have been in bitcoin for a long time, have gone through periods of seemingly extensive down that causes us to question our BTC convictions.

Sure, go ahead and buy some BTC today.


Maybe it will appreciate in price, and maybe it will take 4-6 years or maybe even as long as Warren Buffet suggests to be the considered timeline that goes up to close to 20 years?

In real life, I do become quite hesitant to recommend people to buy into BTC when they seem to have a time horizon that is less than a few years, but if they have 4-6 years, then I don't have too many problems making BTC recommendations to them but at the same time, I am always shirking any responsibility for their investment, so I have noticed that people in real life sometimes gather, from my shirking of responsibility regarding the BTC investment, that I am not recommending BTC with enough passion....   hahahahahaha  Sucks to be them.   

[Cryptotourist]

Im just waiting to scalp longs at the second halving happens

What does that mean?

It means that the halting problem is still an issue for you.

Let me speculate. 

Do you have to?

By the way, we are coming upon our third BTC halvening in 8-9 days... the second BTC halvening was in July 2016. You know that, right?

Could it be, the he is waiting to scalp longs, at exactly the actual second the halving occurs?
Just saying - you're the smart one.


BTW Jay, you're doing a great job supporting marcus and the clan.

[El duderino_]

Oh God Mic, what the hell have you shared?!? I don't think that I'll be able to get it off my mind in the next few days.

Lol, just some f****d up peoples drawings 

[JimboToronto]

The state does not seem to be very sympathetic to prisoners (guards, either for that matter).

Only the shareholders matter, not the "customers" nor the employees.

[1miau]

I've spotted a very bullish ENGULFING pattern:



Someone else, too?