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

[Bitcoin577]

@JayJuanGee Today I am writing here on this thread first time because I am new to this forum and in this community trying hard to understand someone suggest me if I want to understand this all then I have to read your posts very carefully so I already done and read some good number of pages look like its very interesting for me but still want to ask can you give more tips to understand this all thanks.

I don't think its important as I have some good knowledge after reading his too may old posts he is doing really good here just ask if he can suggest any thing else I am already doing some personal search also but his suggestion may help more quickly.

The first thing, the very first thing

that you can do to improve your life

and raise your status and respect

in the eyes of others

beyond anything else

is to get very very acquainted with

the period sign.

"." 

I appreciated this all and thanks for good tip about this WO hopefully I will have this all after spending some time here  

[600watt]

past cycles were driven by retail fomo. retail that was trying to time the top to sell for as much fiat as possible. the game was bitcoin but it was fiat dominated. hodlers that did not sell the top had to swallow multiyear face ripping meltdowns of unrealized gains. fiat gains. hodlers that did not sell were ridiculed and laughed at. overall the price was appreciating and mostly during the 2017 cycle retail had dreams of escaping the rat race by selling the top for life changing fiat amounts.

after all retail are the regular guys. those that were never allowed to participate in pre-ipo stock sales of big tech. those that watched accredited investors become billionaires due to their privilege of investing early in big tech company pre-ipo. with bitcoin they were able to do the same. get in early and sell high, yeah that is the plan. and I know it is your plan, too. most of you want to time the top, get fiat rich, escape the hamster wheel for good. lambos are looming.

this has happened three times now and you are all conditioned to either sell the top for mountains of fiat or- with a little twist - sell the top to later buy back cheap coins to finally grab all those btc you ever dreamed of possessing. my wet dream of the next bull run is to be able to time the top, be rich and also buy back the btc later to even have more corn than ever before in addition to life changing piles of fiat. wouldn't that be nice? have your bitcoin cake and eat it too.

be careful. this next bull is not retail driven with fiat in mind. it is driven by institutional investors. their motivation is not fiat. they drown in fiat, that is not the point. their point is to invest in something that protects against a fiat meltdown. they don't invest to make more fiat, they invest to fucking escape fiat. they invest to hedge against fiat. for them, there is no top to sell btc for even more fiat. they will hold their corn.

don't expect another 80% multiyear bear after some crazy spike in btc price this time around. no weak hand fomo retail is owning the corn, but hardened financial shark professionals that noticed that fiat is a melting ice cube. in either this cycle or the next one bitcoin will reach escape velocity. price will not come back.

don't be the OG bitcoin hodler who went through all the despair and disillusional face melting bears without selling but then sell at a local top in that very cycle that was the cycle where price did never come back, turning you - a former btc boss - into a poor fiat bag holder.

if they end up with btc and you end up with tons of worthless fiat, they played you and they won and you lost.

it is not the tops that get smaller or the cycles that get longer. it is the bear markets that will diminish.

the 2020ies will be the decade of bitcoin. at the end of this decade one bitcoin will be worth a million $ (todays value). no one will believe that there was an opportunity in 2020 to buy btc for $4k.

don't sell meaningful amounts of your corn. the professionals will outplay you. their fiat supply is endless. your btc supply is not.

i was thinking of keeping 50% of stash - no matter what price. but it already feels like a stupid idea. yeah trying to buy back cheap coins to gain coins is tempting, but it is actually trading.  I hate trading. maybe I will keep 70% of stash forever, risk only 30% maybe even less.

[philipma1957]

Not selling anything until $50k. I hedl for 2 extra years since the price was $20k so this extra hodling time should be properly remunerated.    

Selling is not my concern right now. "When can we buy more?", is what I'm thinking atm

You have had nearly 3 years to buy MOAR... so difficult to know what to say... atm...


sucks to NOT have been adequately and sufficiently pee pared for UPpity, no?

 

Is this whole bitcoin thing now in full FOMO mode? Asking for a friend.

My FOMO indicator is still at an all time LOW...

Family > Only 1 has asked me about it.
Friends > Only 1 has asked me about it. (same friend from last bull market)
Acquaintances > NONE

It does feel like May-June 2017 again!....

How could it, currently, feel like May / June 2017... by early May 2017 we had crossed previous ATH for the second time and through June 2017 we proceeded to approach 3x of the previous ATH...

Hardly feels like May/June 2017 to me, yet... Maybe it is just me... ?    hahahahaa  I doubt it.

this is more like 2016 nov to dec.

to be like nov 2017 we would be at 35k to be like ath of dec 2017 we need to be at 78k.

this from a mining viewpoint.

if you want to say  it from a trade viewpoint we were 3900k and to jump to 78k is 20x

in jan of of 2017 we were about 1k in dec of 2017 we were about 20k.

hmm 20x jump did not I just mention this for the mining viewpoint?

so we would be at dec 2017 ath when we reach 78k

this is much like 2016 not 2017

[eXPHorizon]

past cycles were driven by retail fomo. retail that was trying to time the top to sell for as much fiat as possible. the game was bitcoin but it was fiat dominated. hodlers that did not sell the top had to swallow multiyear face ripping meltdowns of unrealized gains. fiat gains. hodlers that did not sell were ridiculed and laughed at. overall the price was appreciating and mostly during the 2017 cycle retail had dreams of escaping the rat race by selling the top for life changing fiat amounts.

after all retail are the regular guys. those that were never allowed to participate in pre-ipo stock sales of big tech. those that watched accredited investors become billionaires due to their privilege of investing early in big tech company pre-ipo. with bitcoin they were able to do the same. get in early and sell high, yeah that is the plan. and I know it is your plan, too. most of you want to time the top, get fiat rich, escape the hamster wheel for good. lambos are looming.

this has happened three times now and you are all conditioned to either sell the top for mountains of fiat or- with a little twist - sell the top to later buy back cheap coins to finally grab all those btc you ever dreamed of possessing. my wet dream of the next bull run is to be able to time the top, be rich and also buy back the btc later to even have more corn than ever before in addition to life changing piles of fiat. wouldn't that be nice? have your bitcoin cake and eat it too.

be careful. this next bull is not retail driven with fiat in mind. it is driven by institutional investors. their motivation is not fiat. they drown in fiat, that is not the point. their point is to invest in something that protects against a fiat meltdown. they don't invest to make more fiat, they invest to fucking escape fiat. they invest to hedge against fiat. for them, there is no top to sell btc for even more fiat. they will hold their corn.

don't expect another 80% multiyear bear after some crazy spike in btc price this time around. no weak hand fomo retail is owning the corn, but hardened financial shark professionals that noticed that fiat is a melting ice cube. in either this cycle or the next one bitcoin will reach escape velocity. price will not come back.

don't be the OG bitcoin hodler who went through all the despair and disillusional face melting bears without selling but then sell at a local top in that very cycle that was the cycle where price did never come back, turning you - a former btc boss - into a poor fiat bag holder.

if they end up with btc and you end up with tons of worthless fiat, they played you and they won and you lost.

it is not the tops that get smaller or the cycles that get longer. it is the bear markets that will diminish.

the 2020ies will be the decade of bitcoin. at the end of this decade one bitcoin will be worth a million $ (todays value). no one will believe that there was an opportunity in 2020 to buy btc for $4k.

don't sell meaningful amounts of your corn. the professionals will outplay you. their fiat supply is endless. your btc supply is not.

i was thinking of keeping 50% of stash - no matter what price. but it already feels like a stupid idea. yeah trying to buy back cheap coins to gain coins is tempting, but it is actually trading.  I hate trading. maybe I will keep 70% of stash forever, risk only 30% maybe even less.

Bla bla bla. Bla bla bla blaaa bla bla bla. Until a solar flare hits, remember we have been gifted the time without Coronal Mass Ejection.

[600watt]

past cycles were driven by retail fomo. retail that was ... (...)

Bla bla bla. Bla bla bla blaaa bla bla bla. Until a solar flare hits, remember we have been gifted the time without Coronal Mass Ejection.

i was talking to bitcoin owners. not to fiat weirdos.

[xhomerx10]

So every once in awhile I look at my Porsche and think "Damn that thing is worth a lot given the 2 bitcoins I paid for it". The value of having it these past few years is amazing, but those bitcoins would have bought other things now. Time however is something you can't replace.

I wonder if Bob is going to look at his liberated and lubricated ex-wage-slave and think "damn that boy's ass is worth a lot given the X bitcoins I paid to bail him out of bondage".

I'm afraid me paying 30 BTC for my Ducati is not going to age any better then it already has so far.... But like Bob said, absolutely no regrets!!

You mean the one that you crashed a few weeks later, or a different one?

 

My face is starting to slip away from my skull, yo.

This rocket has some high-grade fuel, yo.

We might hit $18K today at this rate.
This shit remind me of late 2017. The craziest thing is that this bull market is just getting started though.

How could it remind you of late 2017 when we have not even reached the previous ATH.. ?   hardly makes any senses...

@JayJuanGee Today I am writing here on this thread first time because I am new to this forum and in this community trying hard to understand someone suggest me if I want to understand this all then I have to read your posts very carefully so I already done and read some good number of pages look like its very interesting for me but still want to ask can you give more tips to understand this all thanks.

 Motherfucker!

[Bitcoin577]

So every once in awhile I look at my Porsche and think "Damn that thing is worth a lot given the 2 bitcoins I paid for it". The value of having it these past few years is amazing, but those bitcoins would have bought other things now. Time however is something you can't replace.

I wonder if Bob is going to look at his liberated and lubricated ex-wage-slave and think "damn that boy's ass is worth a lot given the X bitcoins I paid to bail him out of bondage".

I'm afraid me paying 30 BTC for my Ducati is not going to age any better then it already has so far.... But like Bob said, absolutely no regrets!!

You mean the one that you crashed a few weeks later, or a different one?

 

My face is starting to slip away from my skull, yo.

This rocket has some high-grade fuel, yo.

We might hit $18K today at this rate.
This shit remind me of late 2017. The craziest thing is that this bull market is just getting started though.

How could it remind you of late 2017 when we have not even reached the previous ATH.. ?   hardly makes any senses...

@JayJuanGee Today I am writing here on this thread first time because I am new to this forum and in this community trying hard to understand someone suggest me if I want to understand this all then I have to read your posts very carefully so I already done and read some good number of pages look like its very interesting for me but still want to ask can you give more tips to understand this all thanks.

 Motherfucker!

Very Nice and Thanks 

[xhomerx10]

So every once in awhile I look at my Porsche and think "Damn that thing is worth a lot given the 2 bitcoins I paid for it". The value of having it these past few years is amazing, but those bitcoins would have bought other things now. Time however is something you can't replace.

I wonder if Bob is going to look at his liberated and lubricated ex-wage-slave and think "damn that boy's ass is worth a lot given the X bitcoins I paid to bail him out of bondage".

I'm afraid me paying 30 BTC for my Ducati is not going to age any better then it already has so far.... But like Bob said, absolutely no regrets!!

You mean the one that you crashed a few weeks later, or a different one?

 

My face is starting to slip away from my skull, yo.

This rocket has some high-grade fuel, yo.

We might hit $18K today at this rate.
This shit remind me of late 2017. The craziest thing is that this bull market is just getting started though.

How could it remind you of late 2017 when we have not even reached the previous ATH.. ?   hardly makes any senses...

@JayJuanGee Today I am writing here on this thread first time because I am new to this forum and in this community trying hard to understand someone suggest me if I want to understand this all then I have to read your posts very carefully so I already done and read some good number of pages look like its very interesting for me but still want to ask can you give more tips to understand this all thanks.

 Motherfucker!

Very Nice and Thanks 

 It's not meant for you but for the person who directed you to ask JJG.

[cAPSLOCK]

*drying off with $8,000 towel.*

That's EPIC!

In my case, I'm currently using a $2000 Trezor...

At least we haven't been eating $90M pizzas (yet)!

1 month rental apartment 1 bedroom junior size $30000

And the largest single dice bet was 7k BTC... back in 2013. I saw it live. On the dice site itself (it had a chat room too.)

bought a $900K miner from HashFast Inc. Technologies, LLC back in 2013.  

Having "mined" most of my coin at Seals with Clubs I like to go back and figure out the values of some of my all in moments for various stakes.  I can think of many hands where I was shoving ~ ***censored for opsec*** into the middle.  O8 is a very shovey game.

[cAPSLOCK]

I will never forget.  I was at a very remote area on the Yucatan peninsula ...

I do not see any way for this storm not to hit.  And in all it's never seen before glory it will sweep everything out of it's way as it reshapes the financial landscape for history.

Carolina.

Awesome!   If I had any merit, I would have deposited it here.  

Assuming your permission, I will copy and send your post to my "maybe" coiners that need a boost to get invested.  

Go for it.  Thanks for the kind words.

[V8s Road Warrior]

https://twitter.com/glassnode/status/1329150613255573505

#Bitcoin miner revenue is back at pre-halving levels.

[cAPSLOCK]

Fixed

Lol, I remember you from a few years back 

Then you will realize he is one of the more accurate indicators around here...

[bitserve]

Bla bla bla. Bla bla bla blaaa bla bla bla. Until a solar flare hits, remember we have been gifted the time without Coronal Mass Ejection.

https://www.youtube.com/watch?v=UG7zLhEWanc

[cAPSLOCK]

past cycles...

Great post.  I have been thinking the same thing.  I was HOPING it in 2018, suspecting it in 2019 and KNOWING it now.

It's hard to know if it is this cycle or the next.  In a way if it is this cycle then we will not have another cycle like it.  I am sure the next halving has SOME effect on price... But even that will be different.

I kind of have a hard time thinking it is not this one.For it to fit alongside past cycles patterns then it has a whole year+ to unfold.  With the fundamentals in the world right now?  I mean... how can it not be time?

The funnest question is the adoption S curve we are about to see going to be mirrored by the price?  I can't see why not.  I should put a reverse mortgage on my house.

[cAPSLOCK]

this is more like 2016 nov to dec.

to be like nov 2017 we would be at 35k to be like ath of dec 2017 we need to be at 78k.

this from a mining viewpoint.

if you want to say  it from a trade viewpoint we were 3900k and to jump to 78k is 20x

in jan of of 2017 we were about 1k in dec of 2017 we were about 20k.

hmm 20x jump did not I just mention this for the mining viewpoint?

so we would be at dec 2017 ath when we reach 78k

this is much like 2016 not 2017

It was a 20x from the previous cycles high to the new high in 2017.  Should not your moonquasions be based on 19,666 as opposed to 3900? 

[Torque]

this is more like 2016 nov to dec.

to be like nov 2017 we would be at 35k to be like ath of dec 2017 we need to be at 78k.

this from a mining viewpoint.

if you want to say  it from a trade viewpoint we were 3900k and to jump to 78k is 20x

in jan of of 2017 we were about 1k in dec of 2017 we were about 20k.

hmm 20x jump did not I just mention this for the mining viewpoint?

so we would be at dec 2017 ath when we reach 78k

this is much like 2016 not 2017

I agree. This feels like the "this is a sucker's rally" phase of Nov-Dec 2016.

OG Bitcoin bulls were the only ones excited. Hadn't broken previous ATH of 1150 yet. MSM was hardly reporting anything. Trolls were long gone. Volume was still low. Nocoiners were still oblivious.

Then we rounded the corner into 2017 and broke the previous ATH. And then all hell broke loose. MSM went crazy after that.

So we've still got all of 2021 to go before we see "crazy shit".

[eXPHorizon]

this is more like 2016 nov to dec.

to be like nov 2017 we would be at 35k to be like ath of dec 2017 we need to be at 78k.

this from a mining viewpoint.

if you want to say  it from a trade viewpoint we were 3900k and to jump to 78k is 20x

in jan of of 2017 we were about 1k in dec of 2017 we were about 20k.

hmm 20x jump did not I just mention this for the mining viewpoint?

so we would be at dec 2017 ath when we reach 78k

this is much like 2016 not 2017

I agree. This feels like the "this is a sucker's rally" phase of Nov-Dec 2016.

OG Bitcoin bulls were the only ones excited. Hadn't broken previous ATH of 1150 yet. MSM was hardly reporting anything. Trolls were long gone. Volume was still low. Nocoiners were still oblivious.

Then we rounded the corner into 2017 and broke the previous ATH. And then all hell broke loose. MSM went crazy after that.

So we've still got all of 2021 to go before we see "crazy shit".

Have i been talking to walls the past 3 years? Or just Baby boomers? Im out of this bs, anyone sent me  PM when they will wanna give me my Coins back or finance some real skill. Peace

[Hueristic]

Then you will realize he is one of the more accurate indicators around here...

I will take proudhon over materluc any day of the week!

[El duderino_]

I do love the forum in bull-market-mode.... time I spent more time here again.... gonna make some more time!!!

[rjclarke2000]

Happy bull market. Price drags me back to here again.

Love you all.