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

[strawbs]

So, if grumpy works for you, let it be so.

Starting to experience COVID19 fatigue. We are being utterly barraged with bad information from all sides, and it's difficult to stay on top of everything, trying to filter out the noise. How many times have they flip-flopped on efficacy of HCQ for treatment, now ?!??

Also, really pissed off at all the BLM shit going on. If it were up to me, I would declare them a terrorist organization, right next to Anfita. The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

To your point about our HODLings, I really have no right to complain about anything financial related. It's just other shit going on in the world right now that is causing me some existential angst.

I think picking up nihilism has been a net-negative for me, but it's giving me an interesting perspective on the futility of everything.

Trying to make peace with that.

I found that the best thing to draw from nihilism is that, if life has no intrinsic purpose or meaning, then that gives us a great opportunity of being able to choose what meaning to give to it. And that can be entirely your choice. So if you can choose, it makes sense to fill it with a huge helping of love instead of fear. It seems that every decision we make is based in either love or fear, so just try to choose the former as often as you can remember to.

And if that's a big crock of shit, well at least you'll spend your life spreading more love than hate, which can't be a bad thing.

#nohomo

[lightfoot]

Starting to experience COVID19 fatigue. We are being utterly barraged with bad information from all sides, and it's difficult to stay on top of everything, trying to filter out the noise. How many times have they flip-flopped on efficacy of HCQ for treatment, now ?!??

Also, really pissed off at all the BLM shit going on. If it were up to me, I would declare them a terrorist organization, right next to Anfita. The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

To your point about our HODLings, I really have no right to complain about anything financial related. It's just other shit going on in the world right now that is causing me some existential angst.

I think picking up nihilism has been a net-negative for me, but it's giving me an interesting perspective on the futility of everything.

Trying to make peace with that.

Antifa is a terrorist organization? Hm. I haven't seen them running cars into protesters or killing people as of late. BLM is getting odd, but they haven't yet started taking over Federal land and threatening to shoot FBI agents outside.

As for destroying statues... That's about as old as time itself. Check with the ancient Egyptians on that one. Ultimately they are political items, rallying points, and yeah they take political abuse. Boo hoo.

Really: Please don't let the other shit get personal to you and grind your gears: That's what *they* want: To make you choose sides and support *their* agenda. Don't fall for it when the stakes are pointless. Take the steps needed to protect *you* and the ones you love first, then if you have leftover energy go on a crusade.

And be glad you have bitcoin: Because bitcoin gives you the CHOICE to get involved or sit shit out. Lot of people work minimum wage slave jobs and have to suck up to their masters, do what they say, and deal with it. We don't have that problem, and it's something to be grateful for.

*hugs* (because you're homo, so it's ok)

[JayJuanGee]

So, if grumpy works for you, let it be so.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

It would really be difficult to expect any kind of immediate effect from this most recent halvening.  In respect to hash power, we did get a bit of what seemed to have been a mining front-running that caused hashpower to go up prior to the halvening, and then a few adjustments on the hashing power downward that still ended up largely continuing to show upward movement in the hashing power over the past 6 months, even though there was a downward hashpower blip there right after the halvening.... so in that sense, bitcoin seems to be working as it was intended to work, and no real hashpower issues presented themselves through this most recent halvening... .so really, that kind of non-issue in regards to mining and mining incentives should be bullish as fuck.

Another thing is that a decent amount of time could pass before the reduction of the new bitcoin supply is really felt (going from 12.5 to 6.25), and even in 2016, it took several months for the upwards BTC price pressures to increasingly be felt - and even with that, we cannot know if this time had a bit more of the havening event already priced in or NOT so we cannot be sure if the up (presuming that it comes) is going to play out similarly as last time around (don't get me wrong, I am NOT much of a "priced-in" theory advocate, but I am just trying to say that we really don't know the pattern of how the price plays out this post halvening as compared with last time).

In other words, we are barely touching upon two months post halvening, and sure we might be largely flat in terms of the BTC price right around the time of the halvening as compared with now - even though there was a decent amount of both up and down BTC price movement within the week before the actual halvening.

Call me a party poop, but I am not even going to be upset if BTC price ends up still being in the sub $10k arena a couple of years from now.  I am just not trying to create expectations that are too great for myself (and something like BTC that is largely outside of my control), even though I still believe that there are pretty decent odds that some kind of upwards exponential BTC price growth is going to happen within the next two years, and probably even less than that, without really knowing for sure and not really even causing myself to get depressed if we were still somewhere between $5k and $9k two years from now, even though there are good odds of higher BTC prices than that... especially given all of the circumstances and the seeming fundamentals.. and I am going to say the same thing to someone just getting into bitcoin about halving a long timeline in terms of expectations.. and don't expect too much from bitcoin in the shorter time frames... because having too high of expectations remains a set-up for psychological disappointment....

Sure any BTC accumulator and HODLer and even newbie into bitcoin might be pleasantly surprised by upwards BTC price movements in the short term, but the surprise remains far from guaranteed... so also in accordance with that kind of mindset, I am quite grateful for already being into considerable profits with my BTC, which would also be true if bitcoin were within a $5k to $9k price range, now or in two years or even longer from now...

Yes.. maybe sounds too bearish.. but, even DCA'ing into bitcoin and marginal performance of the bitcoin asset into the near-term future seems to have great odds of out performing all other investments, even though such projected likely superior BTC price performance remains in the mix while at the same time, far from guaranteed (holding two conflicting ideas in my head at the same time...  go figure? hahahahaha).

Edit:  A couple hours after this above original post, I added a few more words to this post.. hopefully, to attempt to make the substantive aspect flow better, rather than changing any of the actual substance.. even though longer to read and I maybe might be not sorry about that.

[Toxic2040]

[Syke]

The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

You have a problem with tearing down statues of Confederate traitors?

[bkbirge]

You have a problem with tearing down statues of Confederate traitors?

A little bit. Yes. Our history is what it is. Destroying historical artifacts is fucking retarded.

https://projects.fivethirtyeight.com/confederate-statues/
https://www.history.com/news/how-the-u-s-got-so-many-confederate-monuments

[HI-TEC99]

So, if grumpy works for you, let it be so.

Starting to experience COVID19 fatigue. We are being utterly barraged with bad information from all sides, and it's difficult to stay on top of everything, trying to filter out the noise. How many times have they flip-flopped on efficacy of HCQ for treatment, now ?!??

Also, really pissed off at all the BLM shit going on. If it were up to me, I would declare them a terrorist organization, right next to Anfita. The statues being defaced and torn down aggravates the patriot in me to a bitter extreme.

Bitcoin languishing in its current trading range for so long is also a little bit frustrating. Was hoping for more excitement post halvening, and it came and went with practically no fan-fare, as far as effect on pricing.

To your point about our HODLings, I really have no right to complain about anything financial related. It's just other shit going on in the world right now that is causing me some existential angst.

On the bright side all that stuff has kept Greta Thunberg out of the news lately.

[JSRAW]

These streaming subscriptions are getting out of hand.

https://twitter.com/Carnage4Life/status/1281076027775528961

[El duderino_]

More stock market correlation today. Only a little blip. But when will we finally decouple?    C'mon corn, you're better than this....

PlanB on latest podcast explain this.. I mean shared his opinion

[jojo69]

[Toxic2040]

the evening wall report

Steady...Steady as she goes people. Got to find the bottom of those stairs eventually.
4h



Glory and the Moon at the 0.618 or defeat and dishonor back at the 0.382..options are becoming limited. Indicators bunching up together in parallel in a narrow channel can herald a violent price move.
D



#dyor
D

#stronghands

[Hueristic]

These streaming subscriptions are getting out of hand.

https://twitter.com/Carnage4Life/status/1281076027775528961

Still free.

[somac.]

Seriously Bitcoin, this shit is getting old.

[JSRAW]

Still free.

Faith in humanity restored  

[bitebits]

Coinbase readies landmark stock market listing, sources say
https://finance.yahoo.com/news/exclusive-cryptocurrency-exchange-coinbase-readies-133036956.html

[Toxic2040]

These streaming subscriptions are getting out of hand.

https://twitter.com/Carnage4Life/status/1281076027775528961

Still free.

+1 WOsMerit


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Seriously Bitcoin, this shit is getting old.

+1 WOsMerit

-----

Still free.

Faith in humanity restored 

+1 WOsMerit


-----

Coinbase readies landmark stock market listing, sources say
https://finance.yahoo.com/news/exclusive-cryptocurrency-exchange-coinbase-readies-133036956.html

+1 WOsMerit

-----





1h

[kellrobinson]

if you throw a coin three times and you got the head, it is mathematically very doubtful that you would also throw it for the fourth time in a row.

If a coin keeps coming up heads, seems to me that's prima facie evidence it's not a "fair" coin.  Something about the coin makes it come up heads.  Like the tail side is heavier, or whatever.
So you got it backwards.  The coin is actually more likely to come up heads again.
Just kidding.
Then there's this
https://en.wikipedia.org/wiki/Gambler%27s_fallacy

[JSRAW]

@Ibian all left loonies are silent, come back now. 

[Syke]

A little bit. Yes. Our history is what it is. Destroying historical artifacts is fucking retarded.

When you come home to find your dog shit on the carpet, do you leave it there because it's history or do you clean it up because it's shit? Confederate monuments are shit.

[Hueristic]

Coinbase readies landmark stock market listing, sources say
https://finance.yahoo.com/news/exclusive-cryptocurrency-exchange-coinbase-readies-133036956.html

On Wednesday, Coinbase said it had hired Facebook Inc <FB.N> deputy general counsel Paul Grewal as its chief legal officer.

Lol cause he is doing such a great job getting the ok for FB shitcoin.