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

[TheBeardedBaby]

Got a really shity week, thing always going on the bad direction in group of at least five, as a bonus didn't closed some open positions on time. I don't use the stop-loss anyway, only alarms coz the market is too dynamic. Anyway, lesson learned, don't give your phone to the kids when you have an open position without stop-loss. Finally a break over 9k is a positive movement. Hope that with the black serie is over now and more sunny days are on it's way, literally
Sorry for the distraction... Btc over 9k, Woohoo

[1715336892]

1715336892

[LFC_Bitcoin]

Keep fucking stacking

@BitcoinBudgie
If all 21 million #Bitcoin  were to be distributed equally, each person on Earth would get only 0.0027 BTC.
https://twitter.com/bitcoinbudgie/status/1260547480195944448?s=21


(It’s actually less because about 4 million BTC are lost or unattainable)

[Raytheon]

Looks like it's hanging on AT 9000!!!!!

(again)

9095 now

previous short term high was 9165.5 (on bitmex)
second previous short term high was only 8991

what is the support ?

There are still a lot of bears but a lot of pressure for a higher price as well, i think we can go test 10k again and this time or a following pump up, we may go much higher

It sounds like we have to break 9k2 first...

[Globb0]

I know we don't tend to discuss alts but I had reason to click on the Doge chart. Something fishy

I had to rub my eyes? I cant help thinking this looks a bit weird




What is that? bots?

Anyone know?

For contrast a normal chart in my eyes

Todays daily candles chart seems to confirm the reversal. Closed green and bigger than the red.

sneaky veg  lol

[bkbirge]

Keep fucking stacking

@BitcoinBudgie
If all 21 million #Bitcoin  were to be distributed equally, each person on Earth would get only 0.0027 BTC.
https://twitter.com/bitcoinbudgie/status/1260547480195944448?s=21


(It’s actually less because about 4 million BTC are lost or unattainable)

I wonder what the average worldwide net worth is. That 0.0027 could be a relative lot for someone someday.

[Spaceman_Spiff_Original]

I know we don't tend to discuss alts but I had reason to click on the Doge chart. Something fishy

I had to rub my eyes? I cant help thinking this looks a bit weird




What is that? bots?

Anyone know?

It's because the price is so low per unit (expressed in BTC), that each minimal price difference is now like a 4% price jump.  The exchange only allows a certain amount of digits after the decimal point.

[JimboToronto]

Good morning Bitcoinland.

Back up over $9k... currently $9125USD/$12800CAD (Bitcoinaverage).



Go Bitcoin go.

What's the way to end up with a small fortune in the music business?

Be an early adopter of Bitcoin and don't sell.

As previously mentioned, that's only the money part of being rich. The other part takes a lifetime.

[JSRAW]

Till then i am keeping my head down and stacking Sats.

You can hardly go wrong with that strategy during our current times because we have NOT quite reached "face-melting" ^{tm - (attributed to Hyperjacked)} BTC price movements

Yeah, repeating this simple mantra for quite some time now. but i might need some planning once we cross $15k-20k mark because my bigger share of salary comes in BTC so obviously i can't afford volatility at that stage.

The variables likely ONLY change a bit when you earn money in BTC rather than earning in fiat.  Expenses and preparations still need to account for the likelihood that your expenses are likely being calculated in terms of fiat, and probably, I will venture to guess, the amount that you are paid in BTC is likely calculated in terms of its fiat value (you can correct me if I am wrong with my guess).

Frequently, someone who is paid in BTC is going to be selling on a regular basis and sometimes even forced to sell at times that s/he does not want to, and probably there are some ways to attempt to give yourself enough of a cushion in order to cause yourself more latitude in the when to sell matter than what you would have if you did not plan sufficiently, which is largely a matter of attempting to project out your cashflow needs far enough into the future and attempting to account for possible emergencies and things like that, too.

You do have many advantages that's why i am the one asking the questions and you are answering them as best as you can so no contest here.  

Yeah based on fiat value.. 60%-80% payment comes in btc depending on the different contracts/clients. So far I never felt cashing out my BTC salary, except 2-3 times, Profit-lose swings both ways continuously due to volatility but i don't trade so its automatically goes into my Hodl stash and i don't care much about when BTC goes down 1k or something as its temporary IMO . Rest of the remaining fiat salary is enough to get things going irl because i have virtually 0 debt and i try to avoid spending money on unnecessary stuff so it helps my cause in some extent.  

Will revise my strategy after BTC cross $15-$20k and i am sure things might change drastically once i get married or when babies comes.

[NeuroticFish]

For contrast a normal chart in my eyes

It's the very low value difference AND ... you are on hourly for DOGE instead of your usual daily.

[Globb0]

Still there were many candles not just dead water.

Anyway thanks for the answers

[LFC_Bitcoin]

https://twitter.com/blockfolio/status/1260570263277707266?s=21

[El duderino_]

Pumpy

[El duderino_]

[Toxic2040]

vegeta dead again?

[Phil_S]

Keep fucking stacking

@BitcoinBudgie
If all 21 million #Bitcoin  were to be distributed equally, each person on Earth would get only 0.0027 BTC.
https://twitter.com/bitcoinbudgie/status/1260547480195944448?s=21


(It’s actually less because about 4 million BTC are lost or unattainable)

Even less, 'cause I ain't giving mine!

[JayJuanGee]

Tether is the weakest link and a prime target, so it's not a matter of if Tether will go down but a matter of when...

Let me, for a second, go along with your presumption that bitcoin is vulnerable to losing value because tether is propping up its price too much by causing more liquidity than what would otherwise be present.
 That is a pretty BIG presumption.. but let's just accept such presumption as a given.

Then...

What if Tether goes down in 50 years?  Why the fuck should we care?

Let's make it a shorter period of time.  What if it goes down in 10 years?  That is still pretty far into the future too.

No, no, no... you are presuming Tethers impeding death... because regulators have been going after it for years and years... therefore, it must be impending to die sooner than 50 years, right?

It could go any minute, right?

That's what she said.

Tether goes down? surely people will be scrambling to get out of it? where could they move to?

Can you tether to usd ? I thought that was the point, the places didn't have USD?

Of course, everyone who uses exchanges should keep in mind how much of their BTC value they are keeping on exchanges, and we likely should not be paying too much attention to anyone who is proclaiming that exchanges should not exist at all, because that is not the world in which we live, and there surely is a lot of needs for price discovery and the providing of liquidity.  When there are exchanges there are third party risks, and if various governments are making barriers to on and off ramps, then what the fuck are we going to expect?  Differing avenues to move around value, and tether is merely one of those avenues, and of course it has some third party risk, too.

If any of us are on exchanges or using exchanges, then we have to expect that some of them are dealing with tether.  Some of them are also engaging in various kinds of fractional reserve practices too.  I hardly expect that CME or CBOE or any of those other traditional financial institutions that are coming into the BTC space are really going to be backing up their claims to BTC, and we are going to see, at some point, if some of them end up getting caught with their pants down from time to time based on the much easier ways to claim possession of BTC as compared to their other paperized assets that they inflate the fuck out of to their own manipulative benefits. 

So, sure there is systemic risk and there is also personal risk in terms of personally holding tether, and I remain doubtful if tether is any more risky than a lot of the other shenanigans going on in various aspects trading any asset, whether we are referring to traditional assets, the crypto space or bitcoin specifically.  So personally, either you can choose NOT to deal with those particular exchanges that use tether or you can account for the possible risk of tether going down, which I have already suggested is likely to be exaggerated way more than the actual amount of risk that tether poses, relatively speaking, just as the tether FUD has been exaggerated for the past 5 years or so. 

[serveria.com]

Keep fucking stacking

@BitcoinBudgie
If all 21 million #Bitcoin  were to be distributed equally, each person on Earth would get only 0.0027 BTC.
https://twitter.com/bitcoinbudgie/status/1260547480195944448?s=21


(It’s actually less because about 4 million BTC are lost or unattainable)

Even less, 'cause I ain't giving mine!

Same here... Just wondering how many BTC (approximately) belong to the HODLers and are off market.

[Hueristic]

[/url]

If you think about it, that may be the point.

How many databases won't work (accept) with this name in it?


I think I'll name my next kid "DataMine-This..!@-B1tch".

[Hueristic]

I rarely make posts in WO but today let me take one post to show you that interesting thread. Top-10 mining pools on bitcoin network over years (2009 - May 2020). In order to avoid clogging up the WO thread, this page in particular, I only give link. So if you are interested, please visit my thread.  

Here is a minor disclosure
All time

Completely worthless metric.

[JayJuanGee]

Got a really shity week, thing always going on the bad direction in group of at least five, as a bonus didn't closed some open positions on time. I don't use the stop-loss anyway, only alarms coz the market is too dynamic. Anyway, lesson learned, don't give your phone to the kids when you have an open position without stop-loss. Finally a break over 9k is a positive movement. Hope that with the black serie is over now and more sunny days are on it's way, literally
Sorry for the distraction... Btc over 9k, Woohoo

You should not be betting against the corn anyhow... ... except maybe just as a small hedge.. but not anything that is gonna break the bank... and yeah, probably, like you mentioned, the employment of stop loss would be a good idea if you venture in the direction of betting against the corn.