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

[Room101]

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[Arriemoller]

how do you "forget" to wear your mask?

fuck, we be bleaching every goddamned item that enters the house

pain in the fucking ass

yup. except using hydrogen peroxide here. got carried away with the strength when mixing it down from 7% solution. ouch. now i know why you can use it for rocket fuel. well, sorta. but now i have much healthier respect for it.

you...youuuuuu...
No hydrogen peroxide OR bleach OR isopropyl alcohol in any grocery store or pharmacy around here (and wasn't for the last two months).
Every time I go to pharmacy I can barely contain myself from yelling at the staff about this.
WTFF (that would be f--ie f--k)

It's out in Sweden to, or was, it's slowly coming back in stock.
But I had no trouble ordering from the internet, the place is full of it.
Not that I'm gonna need it now.

[600watt]

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... 

[bitebits]

Dear $€£ fourdigit sellers,

Resistance is futile. A five digit bitcoin is happening whether you like it or not. The WO is sorry for your loss though, so please come join us in the journey adding the next 10K towards the ATH.


Thank you.

[serveria.com]

The <10K sale has nearly concluded, Congrats to the stackers and hodlers! Up to the traders now. Launch pad or bear market.  I'm equally excited both directions  Let er rip!

Bear market? We've had enough of bear market...

[serveria.com]

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... 

Yeah and some peeps here are still unsure which way will btc go... seriously? After 2 years of bear a drop of 80 something % from the ath and a flash crash to 3k weeks before the halving? Really? 

[serveria.com]

At $10k btc is still DIRT CHEAP!

[JayJuanGee]

Never bet the house.  Because if you lose, then you don’t have a house.

He is not betting the house, he is selling it. He needs to rent either way, and possibly could continue to rent after finding a job.

Selling is also not good idea in this quarantin days as this can create many problems for seller.

Ask Elwar how it worked out for him?

Elwar sold his house right around the time of the 2016 halvening, so in a similar situation 4 years earlier.

He was also underwater for a few months after he bought bitcoin with his house proceeds for several months, and a lot of people referred to him as gambling a bit too much... but we know what happened in late 2016, so he would have broken even and started to be in profits by the end of the year, and 2017 was even better.

Yeah, personally, I would have had problems allocating so much into bitcoin, and especially in a lump sum like that, so surely each person should be weighing how the rest of his finances are doing, and be prepared for the BTC price to either go down and just make sure that living expenses and emergency funds are covered.. but sure in Elwar's case, it seemed to have worked out pretty decently, and we have heard of some other folks who invested like that during an exponential BTC price growth period and did not work out so well for them, but would have likely worked out o.k. if they would have been able to hold their position for more than 4 years.

A well known dude (@Davinci) is selling the house to buy bitcoin with proceeds (surprisingly, wifey is on board, apparently).
https://twitter.com/Davincij15/status/1260243620956954624

Reactions? A timely move or not? To me, maybe too much risk inasmuch as having a shelter has more meaning than just an investment. In fact, I never thought about the house as an investment, but more like as a place to live without getting bothered by a greedy landlord.

Never bet the house.  Because if you lose, then you don’t have a house.

Sold my house. Put all the money from the sale toward BTC at around $660.

Bet the house.

No need to ask Elwar.

He will tell you, voluntarily.   

[Krubster]

it is not likely but nothing in bitcoin is impossible: before the run-up to 1.2k in late 2013 there was a short but scary dip end of september, which was due to silkroad getting busted and all the noob hodlers panicked since now there was "no use case for bitcoin anymore"  price fell from $125 to $85 within minutes. bitcoin was dead for sure. then it recovered also within minutes and as soon as everyone noticed that bitcoin wasn´t dead it started its famous run to 1.2k.  maybe the corona-dip was the same kind of dip? it was a make-or-brake moment for btc for sure.
i know it´s a far stretch. we will know in a few weeks when price is over $80k... 

I was one of those n00bs. If I recall correctly, it dropped all the way down to $60-70, where I managed to panick-sell. That's the last time I've ever sold any substantional amount of my stash, hodling strong ever since.

It looks like we are going to make an attempt to break the 5-digit barrier today. Bullish.

[Room101]

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[JayJuanGee]

Sorry to break your COVID skirmish guys, but we're almost touching 10k now... now this is getting interesting

These might be our last hours in which we can get coins in the 4 digits...


Perhaps?

[Biodom]

We lacked blocks for 89 min, then Slushpool bangs two in a row earning 29% extra in fees.
Miners talk: "You said halving? Where we go, you might not even care much about halving"

[Ibian]

My dad is terrified of this virus, we avoid direct physical contact and touching the same things.

Still? Holy fuck, its been months since you returned. Looks like a personal prison is the 'new normal". Free Dad!!!  and Ibian

We are not at 80% immunity yet. More like maybe 5%. Things are just getting started.

Main issue for us is that my mom is a nurse so she is the one most likely to get infected, I don't use gloves or mask making me almost as likely, and my dad is old and male. We live a long time in my family and we don't wanna lose him 20 years before his time.

[AlcoHoDL]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

[600watt]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

cant wait for the 72 WO virgins waiting for me in heaven....

[JayJuanGee]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

I believe that I kind of understand what you are saying, and surely it helps NOT to overinvest into bitcoin in order to feel less nervous when the price drops 85%.

I felt nervous at several points while BTC was dropping between $19,666 and $3,124, which would include that final drop in November 2018 from about $6k to $3,124.

I also felt nervous when BTC dropped from around $7,300 to $3,850 in less than one day on March 12, 2020.

Of course, further back in history I was nervous too, when BTC dropped from $1,163 to $158 between December 2013 and January 2015, but I also felt nervous when it did not seem like it wanted to go up in price throughout most of 2015.

So, I am not sure about the trick exactly in terms of NOT feeling nervous, even after a greater profit cushion seems to exist, there seems to be abilities for the BTC price to move outrageously in the downward direction, and even if I am feeling like I am getting somewhat less nervous than several other forum members, and I usually have some plan to buy BTC (even though maybe my level of nervousness might have to do with my perceptions that I am getting close to running out of money to continue to buy BTC when the BTC price is going down.

o.k... o.k... maybe I am exaggerating regarding the level of my nervousness, because so far HODLing when in the state of most nervous (assuming getting close to running out of money) has tended to work out pretty well.

I might need some pointers, regarding:

"how to NOT become too nervous during times in which the BTC price is going down - like it's falling off a cliff, and when I am assessing myself to be running out of money to buy more?"

[DaRude]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

cant wait for the 72 WO virgins waiting for me in heaven....

WO virgins? really? yeah i'll pass on that party

[serveria.com]

Holding bitcoin is always pretty stressful.

[...]

Not really. Not for me anyway. In fact, I've never slept better in my entire life since I became a HoDLer.

For a stress-free Bitcoin experience, you need 3 things:

1. Some capital to start you off, which you consider "already lost" the moment you exchange it for BTC.
2. Patience.
3. Believing in the idea/algorithm.

It's like a religion really, except that it is backed by science, and paradise is guaranteed to come in this lifetime.

cant wait for the 72 WO virgins waiting for me in heaven....

You wanted to say 72 dirty whores? 

[jbreher]

Now, let me explain to all of you why the Swedish government is not closing down society and quarantining people/closing of areas.

This is a little known fact outside Sweden, and it rarely comes up in the debate.
Neither the Swedish government nor the Swedish parliament has the authority to do that.
The Swedish constitution guarantees all citizens the right to free movement in peacetime, no exceptions but one, people with a dangerous contagious disease can be forcefully quarantined according to the contagious disease act. But that only applies to specific individuals.

A hearty tip of the hat to the Swedes for adhering to their written law. Lord knows we Americans abandoned any such fidelity about a century ago.

And here’s to wishing you a full and speedy recovery.

GTFOH jbreher...

WTF are you spouting Jeegs? Firstly, I am speaking of the Supreme Law of the Land -- and the relation between the Swede's to theirs, and we to ours. I salute them for their adherence to written law, and I bemoan us for our clear abandonment of ours.

Actually, just shup. You have no point to be made in this conversation. Unless you want to start over from a completely different trajectory.

Jeebus-fick you can be such a twat some times.

[Room101]

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