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

[Xinarae*]

Observed we lost a hero.
Maradona has passed away at the age of 60 years old 😔🌹

[JayJuanGee]

overinvested in bitcoin

It’s funny.  I never hear people say, “overinvested in (dollars|euros|whatever)”.  ;-)

Can one be overinvested in money?  Is that like allocating too much cash in your portfolio?

Yes, from a financial perspective, you can be overinvested in $, € or whatever kind of asset. It's all just about balancing/hedging a portfolio. YMMV.

It is sound thinking!  You avoid some deleterious illusions.

Most people think of buying Bitcoin as an “investment”, and selling Bitcoin as “cashing out” into what is not perceived as an investment.

Whereas I never perceived Bitcoin as an “investment”.  (I would be richer if I did.)  It’s just my savings.  I used to keep my savings primarily in paper cash; now, I keep my savings primarily in Bitcoin.  *shrug*

As you suggest, the investment mindset is likely the more profitable one - even though I doubt that there might not be some overlap whether we are talking about a venn diagram or some kind of gradiated scale (spectrum).

With Bitcoin, due to its extraordinarie appreciation over time, it is somewhat easy to become "overinvested"... even if that was intended or not.

I am probably "overinvested" in Bitcoin currently... but YOLO. Again, YMMV.

* nullius is jealous:  I wish that I were “overinvested” in Bitcoin!  :'-(''''''

You probably are "overinvested in BTC".. especially if you really do not attempt (or is it refuse?) to balance out your BTC versus fiat in a meaningful way... you are just not recognizing the overinvested status of ur lil selfie..    

I observe some decent walls at $19500 and above on stamp. Call the badger, he has some work to do!

Walls are reverse indicators..

doesn't know nuttin

It's all good.

The time everyday goods prices will truly be BTC-nominated, is the time a cup of coffee will cost one (1) sat.

HoDL.

Interesting prediction.

Remember with any prediction (or is it price movement) we have elements of quantity (how much the price moves) and time... so even though you did not quite specify the time within your prediction, there is a bit of a time element in terms of describing what has to be achieved in order to have reached the "everything priced in bitcoin" status.

[gembitz]

$TWTR online censorship is getting out of control!! @jack

===>

((((removed)))))

===>

@FacesOfCOVID @DrPanMD PEEPS DYING OF STARVATION AND SUICIDE SINCE THEY LOST THEIR JOBS AND LIVELYHOOD!! :\ YOU CAN #FUCKOFF SCAMMER #BigPharma SHILLS CAN GO DIE!! IMO

<====

reeeeeeee

[vapourminer]

There are probably several of us looking forward to getting to page parity again, and furthermore looking forward to a kind of staying above page parity.... so stop typing so many posts, you fucks!!!!! (yours truly excluded).

Some of us, also, may recall that we did get above page parity in December 2017, and I believe that it was NOT even a whole day.. it may have been only a few hours.. and the page count at the time was in the lower $19k's as I recall.  It may even be reflected in thread history... even though the WO page numbering is likely screwed up... thanks a lot bbbbbbaaaaaaaawwwwwbbbb...  

wasnt that when people were deleting posts like mad to keep the numbers in sync? pretty crazy day as i recall.

[JayJuanGee]

Any forecast as to what to expect if the ATH is broken? . continue as normal, big spike, dump??

Since we seem to be coiling here, that might cause a bit of a BIGGER push beyond the previous ATH... so maybe 5-12% would be reasonable - yet it is still hard to know if such breakthrough would be sustained - unless you happen to be a sorcerer.. which such a thing is possible, in theory.

How well Prepared is Bitcoin against a CME? Asking for a "Friend"




Bitcoin Readyness for a CME ?

Maybe the better question would be how ready CME or any of those other financial betters are ready for BTC... and hopefully they have not screwed up too much in terms of betting on down or sideways and then fractional reserved themselves into needing a bailout... and bitcoin does not have bailouts, but they may have some buddies in dee govt that might be willing to bail dem out.. perhaps?  Perhaps?

How well Prepared is Bitcoin against a CME? Asking for a "Friend"




Bitcoin Readyness for a CME ?

CME ain't shit compared to Bitcoin.

Lol, a CME can fry us all to crisps if it is strong enough

CME Meaning : Coronal Mass Ejection

Fuck you, with your moving the goalposts.. ... you disingenuous twat.  

It’s when the $ exceeds the number of pages on the WO.  Obviously.  

$27,600, the Real All Time High  

The ath is @ $19666+1

Then we will enjoy daily aths for some time.. until we reach the cycle top.. and i pray the lord its not only at current page parity

i have sells stacked at 19667 and 20001 just for the lulz

That sounds like harmless funzies.        It is the kind of thing that seems to materially (and perhaps psychologically too as you seem to imply) demonstrate an achievement of a level of "fuck you" status.  I would do it too, but I have my own little system.. and I hate to dabble around, even though it does seem fun just to have some tangible orders at something like those levels... maybe the level might be different for different peeps.. but still not a bad idea-er. 

[friends1980]

The shitty thing is, I just realized that now my profile looks as if I'm a pré-Merit member who's never succeeded in getting more than 8 Merits during his entire membership on these boards.

Feels a bit like downgrading as a "big" 12-year-old kid in elementary school back down to suddenly being a junior in high school.

^^^ THIS!!!

This is really getting out of hand.

The sig campaign I'm currently in won't make me rich, even at Legendary rank, so I don't really care about Merits for the money. I guess they're rather some kind of a confirmation that shows you're "not one of the spammers". Which is nice.

Thanks for your support anyway, you're making me blush like a little girl dammit! Let's get this thread back on-topic asap!

Oh not sure I told you before, nullius, that confirming my "quotability" twice in less than 4 days [1] [2], has made me feel sexy for the first time in a very long time. #probablyhomoafterall

Define "crushed."

I knew this word would get me into trouble with you, before I even hit the Post button.

The non-truth: a million trillion.

The truth: "broken" by $0.01 is enough.

Actually, just thinking of a nice glass at perfect temperature (yes I know some fools absolutely claim it's better at room temp but not me).....

Fuck crushed and even fuck broken. I'm opening that darn bottle right now.

[JayJuanGee]

There are probably several of us looking forward to getting to page parity again, and furthermore looking forward to a kind of staying above page parity.... so stop typing so many posts, you fucks!!!!! (yours truly excluded).

Some of us, also, may recall that we did get above page parity in December 2017, and I believe that it was NOT even a whole day.. it may have been only a few hours.. and the page count at the time was in the lower $19k's as I recall.  It may even be reflected in thread history... even though the WO page numbering is likely screwed up... thanks a lot bbbbbbaaaaaaaawwwwwbbbb...  

wasnt that when people were deleting posts like mad to keep the numbers in sync? pretty crazy day as i recall.

No.  You are mixing up two different situations.


The mass deletion of posts was happening within the crossing of 10k WO pages...

I believe that there might have been a mini-effort to delete posts in December 2017 - but it did not really gain traction like the BIGGER funzie deletion period of crossing 10k WO pages.  I attempted to elaborate further in my response to sirazimuth, here.

Define "crushed."

I knew this word would get me into trouble with you, before I even hit the Post button.

Why did you do it, then, you purposefully vague-ass fuck, #nohomo.

You must have been trolling me, specifically.... I got your number.

   

I'm opening that darn bottle right now.

That's the spirit, f1980!!!!!!

By a lot of metrics, we have already largely breached ATH... so why get caught up in details, when some fine wine can be drunk.      I might need to treat my lil selfie, too in a kind of symbolic way... even though I have been trying to spend more money, generally speaking recently.. just for funzies.. and to attempt to live it up a wee bit more.. gotta get rid of some of this extra money... surely cannot take it with me, and who knows when the wished I could "take it with me" might end up playing out.

[eddie13]

I like the thanksgiving dinner conversation theory.. it’ll happen before dinner time tomorrow says me..

[friends1980]

Why did you do it, then, you purposefully vague-ass fuck, #nohomo.

I suppose I love living on the edge. Heh.

(...) gotta get rid of some of this extra money... surely cannot take it with me, and who knows when the wished I could "take it with me" might end up playing out.

Being the richest guy in the cemetery isn't exactly my masterplan either.

That's the spirit, f1980!!!!!!

edit: BTC price dancing around 19k, seems like it's been there since forever. Glad I didn't wait. I'm having one of these, my favorite - excellent price/quality:



El Dude, are you in brussels region? I'll keep a glass on the side

Zum Wohl, WO peepz.

[tertius993]

I like the thanksgiving dinner conversation theory.. it’ll happen before dinner time tomorrow says me..

Would be cool, but I think not before December now.

[vapourminer]

There are probably several of us looking forward to getting to page parity again, and furthermore looking forward to a kind of staying above page parity.... so stop typing so many posts, you fucks!!!!! (yours truly excluded).

Some of us, also, may recall that we did get above page parity in December 2017, and I believe that it was NOT even a whole day.. it may have been only a few hours.. and the page count at the time was in the lower $19k's as I recall.  It may even be reflected in thread history... even though the WO page numbering is likely screwed up... thanks a lot bbbbbbaaaaaaaawwwwwbbbb... 

wasnt that when people were deleting posts like mad to keep the numbers in sync? pretty crazy day as i recall.

No.  You are mixing up two different situations.

The mass deletion of posts was happening within the crossing of 10k WO pages...

I believe that there might have been a mini-effort to delete posts in December 2017 - but it did not really gain traction like the BIGGER funzie deletion period of crossing 10k WO pages.  I attempted to elaborate further in my response to sirazimuth, here.

bold of you to assume i regularly read your posts 

thanks for the correction btw. i remember it now. keeping it at the 10k page count was nuts.

[HairyMaclairy]

Being the richest guy in the cemetery isn't exactly my masterplan either.

I believe the technical term is ‘intergenerational wealth’

[LFC_Bitcoin]

https://twitter.com/tyler/status/1331637688366227457?s=21

[AlcoHoDL]

@OROBTC:

The post of a true gentleman. WO is like Bitcoin. No central authority. You are part of WO, or you aren't. You stick, or you don't. It's a beautiful thing, that I have not yet found anywhere else online, or even offline. In these here parts^TM (thanks JJG) there are no set rules, no nasty admins, no guidelines to strictly adhere to. There are posts about Bitcoin, trains and rockets, violins and Carolinas, haikus & limericks, rusty pipes and dildos of various sizes, naked asses with messages written on them, all mixed with Nietzsche, The Daily Stormer, ancient Greeks and aliens. And, yet, there is a self-sustaining order and structure that holds it together and makes it the wonderful place that it is. So, thanks, OROBTC, for adding your own ingredient to that special WO sauce.

@JJG:

About the 1 sat = 1 cup of coffee prediction. The logic is this: prices for everyday goods & services cannot be truly BTC-nominated, as long as fiat exists and is used in most manufacturing/production supply chains. Even if a store wants to price their goods in BTC, they still have to buy them with fiat from the wholesaler. The entire chain has to convert to BTC for truly BTC-nominated prices to be able to exist. I strongly believe we are very, very far away from this stage. This will be achieved when BTC attains its true steady-state value. I can't put a date of when this will happen, but until then, I do not believe we can escape from fiat as a necessary evil when we want to make use of out wealth. We may not have to handle fiat ourselves if we don't want to (there are ways to avoid fiat altogether), but fiat will have to take part somewhere in the process. Sadly. Volatility and wild fluctuation in the prices of goods (when expressed in BTC) will plague us for some time to come. What the steady-state value of Bitcoin will be is anyone's guess. I gave the conservative estimate of 1 sat = 1 cup of coffee, based on the limited supply of 21,000,000 BTC (much less if you subtract lost coins and, perhaps, Satoshi's own stash). I can live with that. Or with much less than that. But, IMHO, the current BTC/USD value will not ever register in the price charts of the future. OK, maybe in log-scale...

As for WO page parity, it will happen once, and it will happen soon.

[vroom]

WO page parity is so 2017, we demand WO post parity!

[savetherainforest]

CORN pardoned!!   ===> 20k gobble gobble

 

R0ach!???... WHY ARE THE TURKEYS WHITE!!!???

[cAPSLOCK]

WO page parity is so 2017, we demand WO post parity!

Hate to be a jerk.  But i want 10x parity.

[explorer]

So, ATH soon is a given IMHO, then what ? Stay up there, go significantly higher ? Then what ? Do you think a pullback to 4 digits USD is possible ? Asking for a friend.

I'm not asking for maths or technical analysis but rather opinion or gut feeling.

Just like we think we can get to ATH very soon.

My feeling is if we ever pass 20k again we dance up and down on that line for a while. 19500-20500.

Finally move to 25-30k Jan-Feb. 2021

then correct to 14k-18k Mar-APR 2021

Rally like mad maybe 50k  Sept- Dec 2021

That would be the saddest, most pathetic bitcoin rally in the history of bitcoin.  Proof that bitcoin is dying, IMO.  Unless you forgot a zero, somewhere?

[Biodom]

In these here parts

Sorry, f-n hate this expression, together with "you know nuttin' " or "don't you know nothin' " especially when used in every other post.
"Sorry, but not really sorry" ^TM to be different.
BTW, when he repeats it ad nauseum, it looks more and more like GPT-3.
remember "ratts"?
where are they, incidentally?

[JayJuanGee]

WO page parity is so 2017, we demand WO post parity!

Patience young padawan, aka vroom.

WO page parity is so 2017, we demand WO post parity!

Hate to be a jerk.  But i want 10x parity.

OhMG... even more patience needed.

 

In these here parts

Sorry, f-n hate this expression, together with "you know nuttin' " or "don't you know nothin' " especially when used in every other post.
"Sorry, but not really sorry" ^TM to be different.

I hate your guts Biodom... #nohomo


 

Even though he been hanging out in dees here parts of bitcoinlandia, he don't know MOAR dan nuttin...