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

[gallianooo]

My plan for next bullrun would be to sell :
1/3 of my BTCs at 45/50K$
1/3 at 90/100K$
The last part would be bonus (maybe some orders between 150 and 250K$).

I believe there will be no reason to sell for USD at certain point.
Only if you need cash.

I don't trust ANY government. I live in a shitful country, and I know what they can do to OUR money. But they can't do anything to bitcoin.

I have decided I won't cash out much of my BTC stash. WHen it goes to 50k USD I will probably sell a small part of it, like 20% (just to be safe in case I am wrong).

Then bitcoin will be my personal savings. Where will I put that money? Bonds, stocks? I have some of those, and I am more terrified about them than I am about bitcoin.

That was my point. selling around 30/33% near 45/50K$. Same at 100K$ etc..

Yes it is to get some cash for other investments (real estate in different countries, vintage cars etc..).

I really trust in BTC but there is 2 points :

1/ everyone know we will have then a bear market, so trying to plan some levels to sell, to then buy back a part later much lower.
2/ Even if you trust in BTC you cannot be to much involve in BTC (and crypto in general). Just a basic of the bankroll management.

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[AlcoHoDL]

It may sound a bit extreme, but...

What if, in 10 years' time, all who sold in 2020 are labeled the new "pizza guys"? Remember Laszlo Hanyecz?

Jimbo gets it. Don't sell if you don't need to. Got a job? Got incoming fiat to cover your daily expenses? Then why sell? Instead, put any spare change in BTC and slowly increase your stash.

I put some fiat I had left in a bank account in BTC, back when it was around $6k. Now I can sell it, buy a shiny new Sony α7R IV, and still have the same amount of fiat I had before. But I won't, because I don't really need the Sony, not just yet. But soon...

Sell when you must.
Buy when you can.
HoDL what you have.

[600watt]

I am a bit upset that gold is spiking too.
What does this portend to?
I cannot imagine a scenario where gold, stocks and bitcoin go up simultaneously, apart from high inflation.
Yet, with the virus we are clearly in a somewhat deflationary situation right now.
Puzzling, but GO btc!

asset price inflation. only the stuff you really need want gets more expansive. real estate, gold, stocks, Rembrandts


10% p.a. minimum. people get 10% haircuts p.a.

[600watt]

Why am I feeling it coming? 

yes, the fiat bubble is about to burst.

[philipma1957]

Why am I feeling it coming? 

As long as the election is undecided no pop.

It will go to the courts.

It will stay undecided until dec.

it may go pop then.

[Toxic2040]

@Toxic: what's in the box?

pain...for fiat hodlers

#dyor

[STT]

I am a bit upset that gold is spiking too.
What does this portend to?
I cannot imagine a scenario where gold, stocks and bitcoin go up simultaneously, apart from high inflation.
Yet, with the virus we are clearly in a somewhat deflationary situation right now.
Puzzling, but GO btc!

The monetary base is expanding far beyond GDP usage so we have an economy with inflation likely to register but the actual event is deflationary in value terms.   Then you have case for Bitcoin use itself both as an asset held, transactions globally and speculative trades and all of that is up recently I presume.

Gold is just retracing its previous pricing, it was never going to fall below 1750 from what I could see as its been trading down for most of the last ten years it has entered recovery and is gaining year to year in a way thats seperate to BTC growth.   If gold gains past its prices of September its probably doing something new then.

Inverse to that Dollar index was at a range high its had for months and its now flipped to near to the bottom of that range, nothing new happening there for now.   Its now about mid way in the 2017 Dollar fall peak to trough.

I hope you're right and I'm wrong. I haven't made a huge research about the price. I just don't want to happen what happened back in 2017. Try convincing people to believe in bitcoin after that.

2017 was substantially different to whats occuring now, we're a different place in the election cycle and lots of other reasons developing far beyond just repetition. “The past does not repeat itself, but it rhymes.”

[jojo69]

[FullNode]

soon 15,000

14999.90 in bitstamp, for very little

Correction. It was $15000 , for a very little 

Cryptowatch bitstamp did not arrive, no problem, now we overcome them

[gallianooo]

It may sound a bit extreme, but...

What if, in 10 years' time, all who sold in 2020 are labeled the new "pizza guys"? Remember Laszlo Hanyecz?

Jimbo gets it. Don't sell if you don't need to. Got a job? Got incoming fiat to cover your daily expenses? Then why sell? Instead, put any spare change in BTC and slowly increase your stash.

I put some fiat I had left in a bank account in BTC, back when it was around $6k. Now I can sell it, buy a shiny new Sony α7R IV, and still have the same amount of fiat I had before. But I won't, because I don't really need the Sony, not just yet. But soon...

Sell when you must.
Buy when you can.
HoDL what you have.

I think it is not the good example to compare with the "pizza guys". Because we will not see the same X... It decreases a lot with the BTC development (or this industry in general), the halving, the years etc..

And maybe because we are not talking about the same kind of amounts, so the vision/goal are probably different.

[Elwar]

Bitcoin price is up 50% from the time we began the purchase of the Crypto Cruise Ship.

As of 4:20PM GMT today, the MS Satoshi is now owned by Ocean Builders.

The auction for the cabins is now open:
https://oceanbuilders.com/auction-page/

You can have a cabin on the Satoshi for less than 2 BTC.


The official stamps for the ship have been made:

[jojo69]

“Suppose that a great commotion arises in the street about something, let us say a lamp-post, which many influential persons desire to pull down. A grey-clad monk, who is the spirit of the Middle Ages, is approached upon the matter, and begins to say, in the arid manner of the Schoolmen, "Let us first of all consider, my brethren, the value of Light. If Light be in itself good--" At this point he is somewhat excusably knocked down. All the people make a rush for the lamp-post, the lamp-post is down in ten minutes, and they go about congratulating each other on their unmediaeval practicality. But as things go on they do not work out so easily. Some people have pulled the lamp-post down because they wanted the electric light; some because they wanted old iron; some because they wanted darkness, because their deeds were evil. Some thought it not enough of a lamp-post, some too much; some acted because they wanted to smash municipal machinery; some because they wanted to smash something. And there is war in the night, no man knowing whom he strikes. So, gradually and inevitably, to-day, to-morrow, or the next day, there comes back the conviction that the monk was right after all, and that all depends on what is the philosophy of Light. Only what we might have discussed under the gas-lamp, we now must discuss in the dark.”

[Wekkel]

ETHBTC still declining so there’s still room to pump a little more 

[serveria.com]

Why am I feeling it coming? 

Probably because you're a retarded bear? 

[Torque]

Fuck those barts.

Fuck 'em.

[600watt]

what a bullish dump  



shorters must be brain damaged to short a rocket like this beast.


edit: $1000 drop on stamp within minutes back to normal. fuck shorters.

[Febo]

Oh so price of Bitcoin and dead from Covid-19 have a correlation. If we would knew that before would be an easy way to new ATH. Likely for Bitcoin people are stupid and will keep dying from Covid-19.

[Torque]

It may sound a bit extreme, but...

What if, in 10 years' time, all who sold in 2020 are labeled the new "pizza guys"? Remember Laszlo Hanyecz?

Jimbo gets it. Don't sell if you don't need to. Got a job? Got incoming fiat to cover your daily expenses? Then why sell? Instead, put any spare change in BTC and slowly increase your stash.

I put some fiat I had left in a bank account in BTC, back when it was around $6k. Now I can sell it, buy a shiny new Sony α7R IV, and still have the same amount of fiat I had before. But I won't, because I don't really need the Sony, not just yet. But soon...

Sell when you must.
Buy when you can.
HoDL what you have.

Some of these guys got the game all wrong.

Borrowed $10K at 0% interest to live on/pay expenses this year, instead of selling btc when it was @~7k.

Don't have to pay it back until May 2021.

Now btc is ~$15k.

#winningbigly

Borrow cheap credit to live, let your bitcoin ride. This is what the wealthy elite do.

[LFC_Bitcoin]

what a bullish dump  



shorters must be brain damaged to short a rocket like this beast.


edit: $1000 drop on stamp within minutes back to normal. fuck shorters.

I saw it happen, from 14,8xx to 14,1xx & back again within 2 seconds.

Weird!

[Toxic2040]