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

[Toxic2040]

the morning wall report

Good morning all.


forward at a walk towards vegeta once again
1h


strong support and tight ranges in the price have the lagging span attempting to bounce upwards out of rising cloud cover     #dyor
4h

#stronghands

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[JimboToronto]

naked lesbians?
one would hope

I think you're right.

Ever notice how not only men's mags but women's mags also have beautiful women on their covers?

The only magazines with men on their covers are gay/bodybuilding mags.
___

Raja could be right too though. During my bar gigging  days we sometimes had to share our dressing room with the dancers on Lady's Night.
From what I saw, the vast majority of male strippers are gay. It was always hilarious if not a little awkward having an ultra-hetero rock&roll band sharing a dressing room with them. We were drinking beer and smoking doobs and they were adjusting their dildos.

[JayJuanGee]

https://www.reddit.com/r/Bitcoin/comments/2y97hl/the_next_bubble_the_10k_25k_one_will_be_epic_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Fun prediction from 5 y back

The post was in early March 2015  - which surely was a negative time in bitcoin, including that BTC prices had spiked below $200, and even close to $150, and largely through the nearly 8 months BTC prices had difficulties getting out of the $200s.

So, very trying times, and with the passage of time, predictions like that increasingly seemed more and more pie in the sky.

Many of us became a lot more conservative in our BTC predictions, but still did not necessarily make bitcoin a bad investment at that time, even while so many people were worried that the bottom might not be in.

If any of you remember 2015 (or you can look at charts), maybe there are a lot of similarities to where we are at, currently - even though price performance never seems to play out with exact parallels, but in mid January there was a BTC price spike down to the $150s, and even though in January we had shortly bounced above $300, the next 7-ish months were largely flat, and we even experienced another testing the bottom correction down to $198 or something like that at the very end of August.  

So, even if many of us were hoping that the bottom was in with that mid-January move, it remained far from clear for a long time, and even when the late 2015 recovery came, there remained a lot of ongoingly shell shocked HODLers, including yours truly, and a few other members in this thread have recounted similar levels of trauma from that period.

How to apply to the present?  We don't know for sure if the bottom is "in" or not, but I will confess that I have found this whole 2018 to 2020 correction to be much MOAR comfortable than the 2014-15 correction.  Sure this one seems to be dragging out longer, but we have had quite a few decent BTC price spikes towards the UPPITY along the way, but still, we cannot be sure if the bottom is "in" yet, and there sure are a lot of nocoiners who are wishing for another correction, and the odds really just seem to be quite decently well against them, especially if they are trying to be realistic about the odds of BTC correcting so low again. Sure, I can seem $7ks being tested and even lower, but those waiting for sub $5k seem to have decently good sized odds against them, beyond maybe some kind of a spike, and we surely know that there can be downward spikes at any time that really test our resolve - especially in the kind of uncertain times that we currently are going through - with ongoing supply chain disruptions that are likely NOT going to resolve anytime in the near future.

https://www.reddit.com/r/Bitcoin/comments/2y97hl/the_next_bubble_the_10k_25k_one_will_be_epic_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Fun prediction from 5 y back

Interestingly enough, that user has absolutely no crypto any more and is flat broke from the last update that I saw from them; pretty sad story really

That's somewhat ironic, but surely a pattern that we have seen with some bitcoin hodlers talking a BIG game, but do not have a solid follow-through plan to stick with holding onto some of their BTC during outrageous bitcoin price movements that have happened and likely to continue for quite some time into the future.

[Elwar]

I know a friend of a friend who won $2M in the lottery. In 2 years he was broke and owing money to banks for a half-built luxury house he never managed to complete.

Yeah, those people treat it as income, not capital. Like they're going to recieve $2M every year.

My retirement plans were based on working until I had $1.5 million.

$250k was for a home that was as self sufficient as possible so that my monthly bills were just mainly property taxes, internet, insurance, etc. Electricity from solar, water from rain/well.
$250k was for a business or investment to draw a regular pay. I figured something that I would need to put some time into but still be able to have free time. With a 10% return...$25k per year of spending money.
$1 million for when I am 65 or so (time to truly retire). That money would go into an investment that I would draw from when I am ready to stop "working".

Fortunately while I was accumulating all of this money I put it directly into bitcoin.

My floating house in the ocean was better than a home where I only pay property taxes, insurance, etc. My only expense out there was $20 per month for Internet.

I could have $10-$100 million in bitcoin and I'd still follow this strategy of low monthly expenses and saving the bulk for when I'm much older.

I'd rather sacrifice luxury to never have to go work in a cubicle ever again.

[JayJuanGee]

https://www.reddit.com/r/Bitcoin/comments/2y97hl/the_next_bubble_the_10k_25k_one_will_be_epic_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Fun prediction from 5 y back

Interestingly enough, that user has absolutely no crypto any more and is flat broke from the last update that I saw from them; pretty sad story really

Wooow really.... what a n00b

Yeah man, I'll try to find the whole story later when I've got a bit of time

EDIT: Found it quicky... they changed their username but here's the story

https://np.reddit.com/r/Bitcoin/comments/cogbjt/this_guy_gets_it_5years_ago_look_at_how_he_was/ewidaol/

'They' is a she nowadays thanks to the proceeds of a not to be mentioned in here privacy coin with a smoothly declining emission rate and flexible block size due to its tail emission. Hence the change of username.

Correct, went through a sex change in like 2015 or 16 from memory. I think the username change was to start over fresh or something of the like. Don't quote me on any of that though, my memory is a little hazy

hahahahaha

It can be quite funny how we might end up knowing so many details of what should be personal factors, but surely of course, sometimes some of us will have a tendency to "overshare" and then might come back to bite us. 

Still some of the personal details can add interesting fluff and shed some light and context.

[BitcoinGirl.Club]

Bruno was a true Legend for the forum. RIP brother.

It's like the Bible. There's a Bruno quote for every occasion.

True. 

[Biodom]

For some reason people keep harping on those who predict large changes. It is in our nature to see only a short distance away.
In reality, we all always fail to predict changes that occur over 1-2 decades.

That said, here are a couple:
1. Stock market will not be a magic horn of plenty (in Musk's words) for the next decade, maybe more. I intend to keep selling it down from my current 35% (in fiat) stocks allocation.
2. Taxes will, unfortunately, increase, maybe drastically (at least doubling), so plan accordingly.
3. Not sure about inflation trajectory, most likely down, then up.
4. It would be very difficult to make cap gains in anything, except, hopefully, bitcoin. A situation somewhat similar to the 70ies where everything stagnated, but gold went bananas.

That said, can we finally pass Vegeta for 30th time and be done with it (on the upside, I hope)?

[vapourminer]

You run a bitcoin strip club or something? How's it working out with all this social distancing?

If a gentleman's club has naked women, what does a girl club have?

even better looking naked women?

pleasepleaseplease

[LFC_Bitcoin]

brrrrr





https://whale-alert.io/transaction/tron/b71b66db480d0d507ce953111d65f283b3045a45c7b782c258418c113b9b2ba3

https://twitter.com/whale_alert/status/1260260240261513217?s=21

[marcus_of_augustus]

All the states got extra snoopy when we were locked in, started using zoom and generally mucking about more on home pc's and mobiles. Most of the geeks are at home not on site. Expect a big nation-state cyberattack in the next few months. If only to keep the theme of "wtf 2020?" going. Would be sad if the pos terminals in supermarkets failed for a few days. Or large swathes of the West lost power for a while.

Surely a large meteorite strike, Yellowstone eruption event, ozone layer hole and New Coke are all on the menu for the second half of 2020?

... Pacific Rim 'ring of fire' is especially active tectonically right now, particularly around N. american west coast all the way up into Alaska.

The Cascadia subduction zone and San Andreas faultlines are overdue for some major moves so if I was an earthquake betting guy my money would be going there. A major move of the LA basin is expected to drop the area 3 feet below sea level, after levelling most structures with a magnitude 8+ shake.
Cascadia subduction fault has potential for magnitude 9+ type rolling wave shake as seen in Japan that caused gigantic tsunami and fukushima disaster. This create major issues for Puget Sound region and pacific northwest coastal regions and british columbia.

[Raja_MBZ]

brrrrr

I think there should be a difference in brrrrr of Tether.

It should be trrrrr for more clarity.

[machasm]

Still a year before the real fireworks. Still an ATH before year's end would be nice.

Oops. Didn't mean to sound like a boomer. I'm not just an okay boomer though. I'm a special one-of-a-kind boomer, a snowflake boomer.  

I wouldn't put it past the honey Badger to deliver a new ATH this year Jimbo. We know just how unpredictable he can be.
Us boomers got to stick together.

[jojo69]

... Pacific Rim 'ring of fire' is especially active tectonically right now, particularly around N. american west coast all the way up into Alaska.

The Cascadia subduction zone and San Andreas faultlines are overdue for some major moves so if I was an earthquake betting guy my money would be going there. A major move of the LA basin is expected to drop the area 3 feet below sea level, after levelling most structures with a magnitude 8+ shake.
Cascadia subduction fault has potential for magnitude 9+ type rolling wave shake as seen in Japan that caused gigantic tsunami and fukushima disaster. This create major issues for Puget Sound region and pacific northwest coastal regions and british columbia.

bring it bitch

I'm so ready

[Elwar]

I think a hurricane would be a big hit to the cruise industry. During this downtime a lot of them are docked in the Bahamas and Cayman. Many are sitting in one place in the open sea.

With a hurricane they will need a crew to move the ship. They will need to spend money on staying out of the hurricane's path while they have no money coming in.

The cruise industry is toast. They are doing all they can to keep afloat (pun intended). Letting people purchase cruises 3 years ahead of time, allowing people to cancel within 48 hours of their trip to reschedule (cheap cabins about to open up if you can do a last minute cruise).

Then there's the air industry. They're talking about taking out middle seats so they can put spacers in, cutting back flights to 20%...prices are going to skyrocket.

Tourism will take a huge hit.

[DaRude]

brrrrr





https://whale-alert.io/transaction/tron/b71b66db480d0d507ce953111d65f283b3045a45c7b782c258418c113b9b2ba3

https://twitter.com/whale_alert/status/1260260240261513217?s=21

That damn tether thing is a huge liability and the next big thing to pop

[Hueristic]

https://www.reddit.com/r/Bitcoin/comments/2y97hl/the_next_bubble_the_10k_25k_one_will_be_epic_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Fun prediction from 5 y back

Interestingly enough, that user has absolutely no crypto any more and is flat broke from the last update that I saw from them; pretty sad story really

Wooow really.... what a n00b

Yeah man, I'll try to find the whole story later when I've got a bit of time

EDIT: Found it quicky... they changed their username but here's the story

https://np.reddit.com/r/Bitcoin/comments/cogbjt/this_guy_gets_it_5years_ago_look_at_how_he_was/ewidaol/

Katie Charm / James Daniel Davis / americanpegasus / Shade7x - Blew 2.5 million dollars to live out his fetish
https://kiwifarms.net/threads/katie-charm-james-daniel-davis-americanpegasus-shade7x.32306/

[BayAreaCoins]

brrrrr

I think there should be a difference in brrrrr of Tether.

It should be trrrrr for more clarity.

Retarrrrrrrrrrded

[DaRude]

brrrrr

I think there should be a difference in brrrrr of Tether.

It should be trrrrr for more clarity.

Retarrrrrrrrrrded

Their market cap is $6B does that mean that Finex is supposed to have $6B stashed in different bank accounts? Pretty sure every US district attorney is salivating to jump on that case and arrest their US denominated accounts. That is if they don't exit scam before that

[JayJuanGee]

That damn tether thing is a huge liability and the next big thing to pop

Reminds me of that famous Mark Twain idea:  Rumors of my death have been greatly exaggerated.

[gentlemand]

Katie Charm / James Daniel Davis / americanpegasus / Shade7x - Blew 2.5 million dollars to live out his fetish
https://kiwifarms.net/threads/katie-charm-james-daniel-davis-americanpegasus-shade7x.32306/

I remember reading about him/her/it/they/mx a few months back. A truly nutty tale. It sounded like their life was 100% destroyed. I guess being a manic visionary eventually comes with a downswing too. An industrial strength one in their case.