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

[JayJuanGee]

Bakkt Tuesday's numbers: Volume: 17 745 BTC ($192.84 million, +61%)  (New ATH)

https://twitter.com/BakktBot/status/1306115788995260424

Remember the dissapointment of the first day with volume of several bitcoins? Well, this escalated quite fast to the levels of the biggest exchanges! And this is still unnoticed among the other 'hot' news about defi and microshares. Defi is having currently around 100 000BTC locked into smart contracts and rising of course. More and more serious investors and companies are accumulating bitcoins causing a shortage on the spot exchanges. Good times are coming and the bears know it! Of course they will fight desperately between 10K and 20K to be able to buy cheap coins as long as possible. But when the ATH is breached, the real FOMO will start. Then the SEC morons like Jay Clayton will realise that invetstors do not need their approval to invest in Bitcoin. The obstacles they've built are not applied for Bitcoin. Peeps like Clayton and Mnuchin are bastards of the fiat adultery, while we are the true heirs of the only asset that will survive and get stronger with time.

So, are there any knife catchers left trying to gain from 5 min 1-2% drops? They must be completely blinded and not being able to see the big picture. It is funny how such plankton is coming here to boast with a leverage short profit. It is like a child boasting with his 2+2=4 calculation to a professor who invented a new branch in math. I don't know to laugh or to pity such n00bs. Especially, considering that 90% of the Binance trades are of sums below 0.01 BTC. And even if they make a profit on the first trade, the second will  be a loss to devour both their profit and their investment. Patetik and Haaalerius!

Best post I’ve seen in days, love it. The bold bit really made me genuinely laugh, it reminds me of this -

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
https://www.deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/%3famp=1510623395




Where my shrimps at?

Here's a working thread:
https://deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/

That's a November 2017 thread - and seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

And, crabs, octopussies and fishes are likely to be quite a BIG category and with decent difficulties to acquire for normies in the coming years (if NOT already difficult to acquire in current times, as I type for those who are just hearing about king daddy)

[1715688050]

1715688050

[1715688050]

1715688050

[nullius]

You know why an IT company like Snowflake (SNOW) can IPO with a stock price ~$250/share, instead of something like $1/share or even $0.01/share?

Doesn’t the name of the company say it all?

Snowflake investors are smart, mature, individually empowered people with high self-esteems and excellent Mental Health™.  They don’t have their heads in the cloud.  It’s not as if they could get caught up in an avalanche of FOMO, or anything like that.

#thestockmarketisafraud

That, too.

Anyway, isn’t it well-known that many Wall Street types are addicted to SNOW?

[Hueristic]

New poll. Sorry I've been slacking on my WO duties 

Might have to pull out a rusty pipe for you slacking in them there unpaid duties.

[nullius]

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC
https://www.deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/%3famp=1510623395

Here's a working thread:
https://deeponion.org/community/threads/what-kind-of-bitcoin-holder-are-you.9129/

Deeponion is a red-tag scam, and I think that I have seen that taxonomy elsewhere; I haven’t tried to track it down, but I doubt that it be original to their forum.

[Searing]

New poll. Sorry I've been slacking on my WO duties 

We on WO all really know what is going on ...and how you are making the 'big bucks' on here....with the rubber room/whips and the extreme torture

of making folk (for $$$) endure such while making them read aloud all the WO posts as we post on WO in real-time.....

devilishly clever as a torture and S & M business...well played, well played indeed!

ack!...the horror! ..which reminds me I have to setup my next *cough* appointment.

[Toxic2040]

New poll. Sorry I've been slacking on my WO duties 

We on WO all really know what is going on ...and how you are making the 'big bucks' on here....with the rubber room/whips and the extreme torture

of making folk (for $$$) endure such while making them read aloud all the WO posts as we post on WO in real-time.....

devilishly clever as a torture and S & M business...well played, well played indeed!

ack!...the horror! ..which reminds me I have to setup my next *cough* appointment.

[JayJuanGee]

moonshot 14k by oct 1

and ath soon after.


I thought about this a lot. And i am pretty sure that is going to happen.

Don't tell me that your thoughts are able to predict the future.  I am not going to believe it.    

[ edited out]

I trust this prediction, @philipma1957
..so that segwit wasn't the end of btc, after all

My take: short term traders will push btc up 40-50% pretty soon with a plan to then switch over to 'another coin' and ride the up wave another 50%. I don't particularly care about this strategy...staying put, but the outlined scenario would likely to happen (either fully or to a degree).

You have a similar outline in your thinkenings. 

Must be dee true, den.

[bkbirge]

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC

seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC

[philipma1957]

moonshot 14k by oct 1

and ath soon after.


I thought about this a lot. And i am pretty sure that is going to happen.

Don't tell me that your thoughts are able to predict the future.  I am not going to believe it.   

Yes they can and very often do so. I know it is hard to believe so I don't talk about it a lot as most people would think I am kidding or I am crazy.

In this case I am simply giving all on the thread a chance to load up.

  Especially proudhon this post is dedicated to him with an honorable mention to mindrust as they both could make some nice profit here.

[aesma]

https://www.youtube.com/watch?v=WrR95PFYDFQ Pomp Podcast #385: Michael Saylor On Buying Bitcoin With His Balance Sheet

really fascinating stuff

Fast forward to 22:30 if you want to hear his explanation of why he tweeted against Bitcoin in 2013 vs. now.

Basically he says "I really don't remember tweeting it then. Yes, I'm an idiot." 

I also stand corrected, he mentions building up $600M cash reserve on the balance sheet over the years. Wow. That's being super frugal as a small company. 

@45:30 he discusses finally "getting Bitcoin".

So his company has all this cash in the bank, and he starts seeing inflation and zero interest rates eating it away (7-8% per year). That was his impetus for swapping the cash balance for Bitcoin. Interesting. Smart.

At an average of 100$ in 2013 he could have saved his company 470$ millions ^^

[vapourminer]

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC

seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC

mindrust fish = used to have btc

[nullius]

At an average of 100$ in 2013 he could have saved his company 470$ millions ^^

could have

Hey.  At negligible extra electricity cost on computers running anyway, I “could have” made more than that (anonymously!) by idle-mining a mere 855 blocks back in 2009–10.  Figuring at current USD/BTC rates—on a total HoDLing that “would have” exceeded MicroStrategy’s current total acquisitions.

So many people “could have”!

Hindsight, etc.

So, Saylor is now doing what he can do now.  So am I.  So are you.

Basically he says "[...] Yes, I'm an idiot."  

[...] @45:30 he discusses finally "getting Bitcoin".

Edited to add:

Many people missed out just by not paying attention.  (For my part, I don’t want to say exactly when I became conscious of Bitcoin—but I was aware of the cryptography list, and an occasional lurker there.  Thus, I “could have” even been in Bitcoin from 2009-01-03—while we are on the subject of “could have”.)

To have idle-mined even one block, and just backed up the keys (an easy concept for anyone familiar with PGP, etc.), would now be worth $550k.  And growing.  For a cost that would have been, as a practical matter, effectively zero.  Even those who saw Bitcoin as a toy “could have” hedged that way—just in case it turned into something valuable.

Everybody in the world potentially has a “could have” story here.  So, Saylor’s is that his company could have bought the same amount of Bitcoin for $470m less.  Eh.  Big deal.  He didn’t do it.

[xhomerx10]

Oh, I could do more.  I could probably eat every other day, sell the car, sell the home, live in a tent and cycle to work.
Hmmm...

[aesma]

Yeah I also heard about it (or rather read something on the internet) early on but I didn't open that link, or maybe I opened the tab but saved it for later... When I finally got to it it was about 350$, still cheap, however I was poor back then, on benefits in fact, so not ideal to buy a bag.

Depending on where the price is going in the next decade or two, I could still have a life changing amount.

Of course for Saylor it's not life changing either way.

edit : the worst part is that from my teen years end of the 1990s up to 2013 I was running a couple of CPUs and GPUs on SETI@home, and when at school I installed that on dozens of computers... Not that I regret doing SETI, it's still what led me to mining, but what I was doing was so close to mining already !

[JayJuanGee]

Wow... The price seems to have held up really well over 11k even through some pretty heavy selling over the previous hour.  The buyers are definitely there at 11.  Interesting.

Very interesting indeed.



Must be more buyers than sellers.  



I don't know.

Most people think a government ban is the biggest risk to bitcoin. But with MicroStrategy now having a third of it's market cap in bitcoin, do you really think governments will tank stock markets? Risk of ban will get smaller and smaller when more listed companies follow MSTR.

https://twitter.com/100trillionusd/status/1306119800255639559?s=21

If Apple and Microsoft announce a long term holding position in BTC

Along with Samsung ,AMD and Nvidia.

500k a coin could happen.

Something to dream about.

I am sorry to be such a miserable pleb.  But I really need that to happen.  My job is killing me today.  It is sucking the soul out of me through my ass and grinding it into a fine pulp.  And I have never been a trader, and am probably almost as good at the titanium plates exercise as Bob, and have lived through all the booms and busts, and have very rarely complained.

But I might not be able to make it to the moon.  I can't take much more than this.  I think I am going to either go insane and end up on the news, and in jail or dead, or just in the water under some tall bridge.

I know money does not buy happiness.  In fact it sort of seems like it might challenge it, lol.  But it *DOES* allow one to stop being a slave making someone else money.

What is your fuck you level that you would need?  $6million, like Biodom?

At $500k per coin, you would need 12 coins bare minimum, but recently, I had been suggesting that it is better to use the 200 Week moving average as the calculator for whether you have reached fuck you status.. assuming that you can project what level you need.

The 200 week moving average is moving up pretty quick, it is like $100 to $200 per week, and currently it is at about $6,700.. so that would be good for some peeps with at least 298.5 coins.  I have been using $2 million as a good approximation of fuck you status.. perhaps 10 years ago, $1 million could have been sufficient, but times have changed a bit.

Of course, if we were to go up to $500k quickly, there is no way in hell that the 200 week moving average would catch up very quickly... especially since the 200 week moving average represents approximately a  4 year average (on the weekly candle).

Even if it took 4 years to go from here to $500k, probably the moving average would still be somewhere in the middle, if NOT a bit on the lower side of the middle, so anyhow, I am still currently thinking that giving bitcoin's ongoing volatility and ongoing likelihood to continue to be volatile, we need to use something like the 200 week moving average to figure our bottom - of course, unless we are completely cashing out of BTC, and personally, I do not recommend that kind of nonsense.

I am sorry to be such a miserable pleb.  But I really need that to happen.  My job is killing me today.  It is sucking the soul out of me through my ass and grinding it into a fine pulp.  And I have never been a trader, and am probably almost as good at the titanium plates exercise as Bob, and have lived through all the booms and busts, and have very rarely complained.

But I might not be able to make it to the moon.  I can't take much more than this.  I think I am going to either go insane and end up on the news, and in jail or dead, or just in the water under some tall bridge.

I know money does not buy happiness.  In fact it sort of seems like it might challenge it, lol.  But it *DOES* allow one to stop being a slave making someone else money.

How much fiat do you need to take out during the expected parabolic stage next year?

$2,000,000 - $3,000,000?

Money doesn’t buy happiness but it gives you options. Being broke doesn’t make you happy either.

That is a decently BIG question.  Personally, I would expect that the amount that any of us might take out should not exceed what we would need within the next 3-4 years, and that would be extreme... Of course, if there is some kind of BIG expense item, then that would end up skewing the amount with a lump sum amount too.. and I suppose that is precalculated to be a reasonable amount of withdrawal.   

Personally, I would be willing to keep more in bitcoin and maybe if nervous take out 2-3 years worth of living expenses rather than a BIGGER chunk.

I have not completely thought about these kinds of withdrawals because my expected strategy was going to continue to be to merely take out between 1-3 months at a time, as needed... but I can see why it might be practical to take out up to two years at a time..

I will have to give some further thoughts to these ideas a bit more when I start to think about withdrawing more.. and sure there is some potential need to think about cashflow considerations for 2-4 years in advance and perhaps longer.. but I am thinking that if the cashflow horizon is 4 years or more, then why not just keep that portion in BTC and let BTC do its thingie-ma-jiggie, whatever that might be, but I am personally thinking that i don't even really feel any need to take out great quantities in this particular upcoming 4-year cycle. 

Will I regret it?  Not sure.  Might be worth some potential tweakening thoughts.

[sirazimuth]

....
Everybody in the world potentially has a “could have” story here.  ....

you got that right dude....

coulda woulda shoulda...
Held my tesla stock I bought at $40.

coulda woulda shoulda...
Held all the free litecoins I won in a contest.

coulda woulda shoulda...
Held all the darkcoin I mined.

coulda woulda shoulda...
Bought a house before 2008 meltdown.

coulda woulda shoulda...
Invested that $50 in bitcoin around 2010 when I stumbled upon the website, instead of giving up and thinking it's just a scam.

coulda woulda shoulda...
Never started drinking.

coulda woulda shoulda...
Never touched drugs.

coulda woulda shoulda...
Never wasted my time at college.
(well I did learn how to support myself without sponging off mommy and daddy by selling weed, so there is that)

coulda woulda shoulda...
Learned to code  (beyond G code)

coulda woulda shoulda...
Practiced guitar more instead of just fun strumming silliness.

coulda woulda shoulda...
Followed my instincts and never trusted the asshole who pulled a knife on me and served 10 years.

coulda woulda shoulda...
Saved my closest friend, musical genius/bandmate of 30 years from putting a bullet in his head.

Hindsight is always 20/20.

You move on....

[savetherainforest]

WO Recap without any bias...
[...]
-Lambie bambie is alive.
[...]
-JJG going off topic - keywords; Dip, Stack, DCA, Buy order, But, If, likely-

- Good to see we still got some good old fashion FUD bimbo hanging around. Maybe she bought some coin now she feeling confident.

- I often wonder if JiJiGi ... is some iLLuminati bullsh!t cryptic singer of encrypted text in his long tedious messages. And when he actually writes short stuff he actually goes off-topic from his personal agenda of speaking to the masses of his lodge.

[JayJuanGee]

Humpback Whale = 5000 BTC or more
Whale = 1000 - 5000 BTC
Shark = 500 - 1000 BTC
Dolphin = 100 - 500 BTC
Fish = 50 - 100 BTC
Octopus = 10 - 50 BTC
Crab = 1 - 10 BTC
Shrimp = less then 1 BTC

seems to me that we need new categories.. I am not sure how far down, maybe down to 1 satoshi?

Shrimp = 0.1 < BTC <= 1 BTC
Krill = 0.01 < BTC <= 0.1 BTC
Bacterioplankton = 0 < BTC <= 0.01
Brain eating amoeba = 0 BTC

For now that seems to be adequate, but surely, I am thinking that soon we might need more specificity in the sub .01 BTC arena.

At the moment, .01BTC is still approaching $110, and even now, there are folks with lower BTC balances, and sure in the future, if we do another 10x (to $100k per BTC) or even 100x (to $1 million per BTC), there are likely going to be emerging hierarchies with the sub .01 BTC territory. 

I will concede that we could probably cross that scalability list when getting there, even while considering that at some point in the future, soon^tm, maybe the whole list will need to be re-thunk?

[Biodom]

What is your fuck you level that you would need?  $6million, like Biodom?

er, it is what you calculated/implied from the $150k/year to "live OK in my area" that I provided.
It is just a matter of living in our city, not that i spend too much on nonsense.
I am sure that I know of a few places where I can live very well on a quarter of this, but why fantasizing about "fu status" and only talking about "fu" in some cheaper country and/or smaller cities and or rural areas?

I'll up the ante and say that, actually, 250K/year is more like it (for "fu") or $7.5mil if it is realistic or even possible to live 30 years more.
If 40 years, then it is $10mil, lol.

[savetherainforest]

What is your fuck you level that you would need?  $6million, like Biodom?

er, it is what you calculated/implied from the $150k/year to "live OK in my area" that I provided.
[...]

But why not just start a business and force everyone to pay you in crypto?  
Something trivial but always necessary, like a plumbing company.

Or maybe you can start a hobby like gardening to cut costs? (Also they taste better )