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

[infofront]

The last poll:



Bulltards won!

[infofront]

Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

Bitcoin may not break $10,000 for some time as several metrics point to possible pullbacks to under $9,000.

FFS. Put me in a cryopreservation capsule and wake me up in 2023.

[DaRude]

Here is another video of the man who was pushed over backwards by the police and cracked his head.

It turns out that he had picked up a dropped police helmet and went to hand it back to them....  that’s when they pushed him over

https://i.imgur.com/yb5Lejz.mp4

Don't show it to bitserve it'll totally undermine his "confrontation" narrative.

[JayJuanGee]

Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

Bitcoin may not break $10,000 for some time as several metrics point to possible pullbacks to under $9,000.

FFS. Put me in a cryopreservation capsule and wake me up in 2023.

Patience Padawan....



By the way, we definitely need to take these short-term doom and gloomers (or stagnation prognosticators) with a decently sized grain of salt.

Yeah, sure there could be a pull back, but at the same time, we had seen that kind of nonsense being predicted in 2016 and maybe it even got worse in 2017 while the BTC market was going up more, in relatively short time frames.  So, now we look back, and we really see that the price move up was filled with a bunch of folks continuing to prognosticate downward with any correction, but as soon as we got through the correction we went up some more.

Surely, I am not asserting that I have some kind of vision that is better than theirs, but still I think that we are getting closer and closer to breaking past price areas (such as the $8ks or even the 4 digits) in which we might not be seeing too much of these prices.... and, you mention 2023, which I am not sure if I would want to wake up out of a capsule in that year, having missed all the excitement of the remainder of 2020 and 2021, and maybe even there might be some exciting parts of 2022... even though maybe we are going to blow off top out at sometime, maybe even prior to 2022... and geez... what are the chances that 2023 is going to be in the midst of some depressing drug out correction period.. maybe as low as the $40ks... and do you really want to miss out of our 6 digits run and to miss the excitement of trying to figure out how far we go into that?  Are we going to barely scratch the surface.. maybe even not quite reach it at $96,627?  or will we break above it or even approach $500k-ish?  

I don't know and even though there continues to be stress of the "whachshould I doooo" ^{tm - (carlos matos)} dilemma.... Do you want to be robbed of such dilemmas?  snap out of it, infofront...!!!! you best not be going into any capsule and missing out of all the upcoming crazy-ass funzies, including reading some of the nonsense of new WO troll shills that will likely be popping out of the woodwork...

[bitserve]

Here is another video of the man who was pushed over backwards by the police and cracked his head.

It turns out that he had picked up a dropped police helmet and went to hand it back to them....  that’s when they pushed him over

https://i.imgur.com/yb5Lejz.mp4

Don't show it to bitserve it'll totally undermine his "confrontation" narrative.

As much tragic this incident is, the reaction of the cops was totally predictable (the push away). What you see in the video is an anti-riot squad that someone has ordered to be deployed to clear the zone. When the man approaches them they have just started to advance in formation. Never, ever, be caught in their path as their orders are to remove/disperse everyone from there by non-letal force and to try their best effort not to break formation. Why the man was not aware of what was happening right in front of him is a wonder.

An anti-riot (they are easily recognisable by their vests and equipment so it's hard to miss them) unit is not your friendly cop you can talk to. An anti-riot squad is "something" you know it is surely going to beat you (with batons most of the time) if you manage to be in it's close proximity when they start advancing. That's the orders they have and that's what they did with the unfortunate ending.

If you want someone to blame, blame whomever ordered them to do "their thing" right there, because what they did is exactly what they are expected to do. That's probably why they have resigned from the squad.

Unfortunately there are thousands of clear cases of police brutality and even cold blood murdering that are a way better example of the situation than this one.

[Ibian]

Here is another video of the man who was pushed over backwards by the police and cracked his head.

It turns out that he had picked up a dropped police helmet and went to hand it back to them....  that’s when they pushed him over

https://i.imgur.com/yb5Lejz.mp4

Don't show it to bitserve it'll totally undermine his "confrontation" narrative.

As much tragic this incident is, the reaction of the cops was totally predictable (the push away). What you see in the video is an anti-riot squad that someone has ordered to be deployed to clear the zone. When the man approaches them they have just started to advance in formation. Never, ever, be caught in their path as their orders are to remove/disperse everyone from there by non-letal force and to try their best effort not to break formation. Why the man was not aware of what was happening right in front of him is a wonder.

An anti-riot (they are easily recognisable by their vests and equipment so it's hard to miss them) unit is not your friendly cop you can talk to. An anti-riot squad is "something" you know it is surely going to beat you (with batons most of the time) if you manage to be in it's close proximity when they start advancing. That's the orders they have and that's what they did with the unfortunate ending.

If you want someone to blame, blame whomever ordered them to do "their thing" right there, because what they did is exactly what they are expected to do. That's probably why they have resigned from the squad.

Unfortunately there are thousands of clear cases of police brutality and even cold blood murdering that are a way better example of the situation than this one.

The solution is simple. No fucking psychos in the police or the military. The guy who Took A Knee should have been identified and kicked out years ago.

Who is this mythical "someone" that you speak of? Who do we hold accountable, beyond the individual cop in question here?

[Ibian]

The perfect society has already been done. It was Sparta.

In any culture where it is not the people who hold the physical power, tyranny and eventual collapse is unavoidable. The State must fear the People. Any notion of being "ruled by consent" is absurd otherwise.

[DaRude]

Here is another video of the man who was pushed over backwards by the police and cracked his head.

It turns out that he had picked up a dropped police helmet and went to hand it back to them....  that’s when they pushed him over

https://i.imgur.com/yb5Lejz.mp4

Don't show it to bitserve it'll totally undermine his "confrontation" narrative.

As much tragic this incident is, the reaction of the cops was totally predictable (the push away). What you see in the video is an anti-riot squad that someone has ordered to be deployed to clear the zone. When the man approaches them they have just started to advance in formation. Never, ever, be caught in their path as their orders are to remove/disperse everyone from there by non-letal force and to try their best effort not to break formation. Why the man was not aware of what was happening right in front of him is a wonder.

An anti-riot (they are easily recognisable by their vests and equipment so it's hard to miss them) unit is not your friendly cop you can talk to. An anti-riot squad is "something" you know it is surely going to beat you (with batons most of the time) if you manage to be in it's close proximity when they start advancing. That's the orders they have and that's what they did with the unfortunate ending.

If you want someone to blame, blame whomever ordered them to do "their thing" right there, because what they did is exactly what they are expected to do. That's probably why they have resigned from the squad.

Unfortunately there are thousands of clear cases of police brutality and even cold blood murdering that are a way better example of the situation than this one.

That only proves that the issue is at the system level. I doubt that IDing cops and realizing that standing in front of riot police automatically gets you a beat down is such a common knowledge you claim it to be. But that's how the system is set up, cops on the front line are hiding behind the "my orders" defense. And when shit hits the fan the system just sacrifices few scapegoat to please the masses long enough so they forget about it and move on. Ultimately people don't care about logistics. If there's injustice, you cause death or great bodily harm to non violent offenders=the city burns. Kinda obviously logical don't you think? As far as outcomes, either protests will die down after few more scapegoats and empty promises, or system will be changed. Both supervisor giving the order to push forward in front of the old man as well as the individual cops should be held liable (exactly how they do it to people https://www.aclu.org/issues/capital-punishment/when-state-kills-those-who-didnt-kill). Of course that means pretty much disbanding and retraining every single cop with new guidelines.

[bitserve]

The solution is simple. No fucking psychos in the police or the military. The guy who Took A Knee should have been identified and kicked out years ago.

Who is this mythical "someone" that you speak of? Who do we hold accountable, beyond the individual cop in question here?

Agreed. But maybe they don't really want to solve it? The George Floyd murder is by no means an isolated incident. The very same murderer cop has two other questionable killings in his history.

I don't know who decided to deploy an anti-riot squad (the Governor?). Also I don't even have enough information to argue if it (the deployment) was justified by the situation or not... nor I can judge that from the video. I am just saying that the anti-riot squad acted as expected with an unfortunate result, unlike what all the cops involved in the Floyd murder (and MAAANY other cases) did.

[Ibian]

The solution is simple. No fucking psychos in the police or the military. The guy who Took A Knee should have been identified and kicked out years ago.

Who is this mythical "someone" that you speak of? Who do we hold accountable, beyond the individual cop in question here?

Agreed. But maybe they don't really want to solve it? The George Floyd murder is by no means an isolated incident. The very same murderer cop has two other questionable killings in his history.

I don't know who decided to deploy an anti-riot squad (the Governor?). Also I don't even have enough information to argue if it (the deployment) was justified by the situation or not... nor I can judge that from the video. I am just saying that the anti-riot squad acted as expected with an unfortunate result, unlike what all the cops involved in the Floyd murder (and MAAANY other cases) did.

The question is, do we want to solve it? We are, potentially, the new wealthy elite. In coming decades we may have Soros-levels of influence. Think carefully about what the future should be like.

[VB1001]

Zero, in the poll, currently collecting and stacking sats, my vote in a normal BTC situation would be option 1.

#StrongHats

[HairyMaclairy]

There is no option for rebuying in the inevitable post bull crash.  I will sell half (again) but will rebuy (again) in the depths of the inevitable winter. 

[fonship]

i have not sold any since 2016, so this time, need to sell some good amount

[bitebits]

https://twitter.com/btctimetraveler/status/1268953945336172545

- Dad can I borrow $9,700?

- What? Why do you need $11,800?
$15,000 is a lot of money!

#bitcoin 

[VB1001]

There is no option for rebuying in the inevitable post bull crash.  I will sell half (again) but will rebuy (again) in the depths of the inevitable winter. 

The goal sooner or later is to pass the last ATH, until this happens it would be very cautious.

[Peanutswar]

i have not sold any since 2016, so this time, need to sell some good amount

That was too long to hodl that coin if you think you already gained profit why not sell it instead of getting for another long term again.

https://twitter.com/btctimetraveler/status/1268953945336172545

- Dad can I borrow $9,700?

- What? Why do you need $11,800?
$15,000 is a lot of money!

#bitcoin

That strategy so your dad don't give you a huge amount of money lol

[HairyMaclairy]

There is no option for rebuying in the inevitable post bull crash.  I will sell half (again) but will rebuy (again) in the depths of the inevitable winter. 

The goal sooner or later is to pass the last ATH, until this happens it would be very cautious.

I’m 85% BTC, 15% USD. The only real question over the next 18 months is when to convert the remaining USD to BTC

[VB1001]

There is no option for rebuying in the inevitable post bull crash.  I will sell half (again) but will rebuy (again) in the depths of the inevitable winter. 

The goal sooner or later is to pass the last ATH, until this happens it would be very cautious.

I’m 85% BTC, 15% USD. The only real question over the next 18 months is when to convert the remaining USD to BTC

The right amount to maintain your current standard of living.

[serveria.com]

Why $8.1K Will Be a Key Level for Bitcoin Price for the Next 6 Months

Bitcoin may not break $10,000 for some time as several metrics point to possible pullbacks to under $9,000.

FFS. Put me in a cryopreservation capsule and wake me up in 2023.

This is metaphysical. We are being told that more BTC is being bought than mined. So how is that possible? How can asset devalue in scarcity? 

[JayJuanGee]

There is no option for rebuying in the inevitable post bull crash.  I will sell half (again) but will rebuy (again) in the depths of the inevitable winter.  

The goal sooner or later is to pass the last ATH, until this happens it would be very cautious.

I’m 85% BTC, 15% USD. The only real question over the next 18 months is when to convert the remaining USD to BTC

Gosh.

I probably would not be the right person to ask on this topic.  Remember when we went up to $20k, my cash probably got only into the 12% arena (so 88% BTC at the top), and on the dips to $3,124 and subsequently to $3,850, I was probably in the neighborhood of 1% or maybe I was too chicken and I kept about 1.5%.

Currently, I am about 3.5% for cash, so you are causing me to consider that maybe I am doing something that causes me NOT to sell enough BTC.. but then I have been continuingly wanting to prepare for up.. and to error on the side of overly HODL.

In other words, I am hardly ever keeping enough cash, yet even when I got to 12% (at the top of the 2017 run), I was feeling like I had way too much cash in my various accounts...

It's like a damned if you do and damned if you don't situation.  Yet, sometimes I think that I might not be playing around enough with changing my percentages at various price locations.. because I feel better sleeping in bitcoin... for some reason.  

Possibly a way to adjust this could be to start shaving off a bit higher amounts of dollars from selling BTC after we get above $30k-ish... I will consider this idea in the coming months (or maybe I will just procrastinate to see how some of these price matters play out and just work with the idea of selling a bit more in a more spontaneous kind of way... let's say in the supra $60k arena - assuming that there are decent odds to get there).. ..

I have already seen that the dollar value really does start to add up, just with the mediocre and ongoing incremental sales, and I just hate having so many dollars just sitting idle, even though we have seen that they can come in quite handy 6 - 12 months after we start to realize that we are in a prolonged correction, considering that it might happen similarly in the future.

There is no option for rebuying in the inevitable post bull crash.  I will sell half (again) but will rebuy (again) in the depths of the inevitable winter.  

The goal sooner or later is to pass the last ATH, until this happens it would be very cautious.

I’m 85% BTC, 15% USD. The only real question over the next 18 months is when to convert the remaining USD to BTC

The right amount to maintain your current standard of living.

I am thinking that Hairy might already have his standard of living already worked out with other cash that he has in other places, and figuring out when and how to play around with the 15% is merely just trying to figure out a kind of sound and comfortable strategy about when the BTC price is surely going up.,. without the dramatic corrections and/or uncertain periods of sideways (which are really just threats of continued down corrections).  

In other words, first world problems of already having more money than he really needs... hahahahahaha