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

[KonstantinosM]

I'm waiting for the black friday sale on bitcoin.

[1714911227]

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[1714911227]

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[1714911227]

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[philipma1957]

I'm waiting for the black friday sale on bitcoin.

18k a coin just for you.

[Gyrsur]

WTF...? I just switched from the 15k temp thingy to my old hat, FFS.

d_eddie, how is your trading working?

[explorer]

   
   Corn ain't quite dead yet.  What will fake news have to talk about, I wonder?

[nullius]

Corn ain't quite dead yet.  What will fake news have to talk about, I wonder?

Murican turkeys are now busy eating corn on the cob.  The Wall Observer is not dead, but sleeping.

[philipma1957]

Corn ain't quite dead yet.  What will fake news have to talk about, I wonder?

Murican turkeys are now busy eating corn on the cob.  The Wall Observer is not dead, but sleeping.

Just put on Dr Pimple Popper my favorite skin doctor  and grabbed the ipad to say hello.

Next up is a british skin disease “When skin goes wrong” 

First time I ever watched the british show.

Market got better.

[Lambie Slayer]

Dip buyers kicking ass and taking names.

GayJuanGee sold at 16200 and is now crying salty cunt bear tears.  

Case in point..


By the way, regarding my BTC portfolio management, I have largely been following the same system since $250, which is to sell some small amount all the way up.. which I have been doing since $250, so of course, I had sales at in the $16,xxxs as well in the $17,xxxs and in the $18,xxxs.  I did not have any sales in the $19,xxxs. I try an time the market with my incessant buying and selling. I cry when I should have just hodled instead.


I would prefer that the BTC price goes up.. but sometimes (maybe frequently) the BTC price does not cooperate with personal preferences, and it also does not necessarily cooperate with the opportunistic proclamations of sorcery wannabes.. who many times are out of touch with reality - unless they just coincidentally happen to get lucky from time to time with their pie in the sky - detached from reality calls. Im too stupid to admit that my constant buying and selling is daytrading(gambling) I hate when Slayer makes better predictions than me bc he just hodls is coins while I gamble my coins away.

It must suck balls to be acting as a wannabe sorcerer in times like this... so in that regard, I do admit to pitying the fool.... hahahahhaha If anyone wants to know why I am constantly an argumentative salty cunt of a woman on this thread its bc my coin count has been going down for 5 years as I have daytraded non stop all under the guise of some boring incremental buying and selling plan. Slayer sees right through this and thats why I hate him so much.



Go figure... must be the innate merciful nature within me.    #extrahomo

GayJuanGee, Im glad you admitted you are just a compulsive gambler(and troll spammer). If you can learn to hodl you wont be so upset all the time that you have to post 1 million words of troll spam each day.

Just Hodl your coins and you will be a much happier old woman and the salt will fall right out of that crusty cunt of yours. Happy Thankgiving, ya cunt.

[Lambie Slayer]

^^NSFW 

Lambie is off ignore for that one. :-)

LOL, bullish

[nullius]

Market got better.

Have some pumpkin pie.  And stay in New Jersey.  :-)


Lambie, a cordial protip from my own perspective as a flame-warrior:

Put your post and Jay’s post side-by-side.  Compare objectively.  One of you comes off as reasonably intelligent, and the other comes off as just wildly slinging mud.

If you take aim at someone who can express himself well, then you need to increase your calibre.  Using myself as an example, observe this contrast:

• Some abject loser recently insulted me incoherently.  I told him that a dog fucked his mother, and then proceeded to humiliate him thoroughly.  He then left the forum.  (LOL, by the way—the same dog also fucked Mnuchin’s bitch wife.)
• Some of the shrewder members of DT have a bone to pick with me.  When convenient, I point out to others their dishonesty, their sleaziness, and their hypocrisy.  I do so in cogent terms.  That means fewer cusswords, and more substance.  —N.b. that I am not comparing them to Jay; I think that Jay seems honest and decent.  The analogue here would be explaining why his strategy is suboptimal for his financial goals—not merely from a few bad trades, but overall, in the long term.

Jay, consider this to be my lil contribution to the quality of debate on the Wall.   

[JayJuanGee]

Come back in January my colleagues

My magic wand says we bottom around $13 -15k but it may take a couple of weeks to fall that far.  

Seconded, although I think it will be $15k rather than $13k

Anywhere between 16K (almost achieved) and 12K (or so, less likely) is possible.

Well yeah..  We got down to $16,218 which would be a 17% correction... which is relatively modest in bitcoinlandia.

Frequently, I believe that Peter Brandt is full of shit regarding some of his predictions, but he did raise an interesting fact by pointing out that the average large correction of the 2015 to 2017 bullrun was around 37%... so in that regard, a 37% correction would not be unusual in a bull run, which would bring us to about $12,280.. which seems a bit much and a bit bearish, as you seem to be pointing out Biodom.

Here's the Brandt tweet. https://twitter.com/PeterLBrandt/status/1331972980621135872

The question is: when to deploy the cashola.

That's right.. that is the million dollar question.  Have some kind of strategy in which you are satisfied and comfortable (both financially and psychologically)... últimitamente.

Please don't tell me to DCA, not my style, apart from smallish moves.

Of course, DCA is part of sound and prudent investment package and that sound and prudent investment package has three parts accordingly.. it's in the ballpark of 1/3 of the parts.   Not 100% and not zero. Go figure.  

Note:  since you have full autonomy over your own BTC investment approach, including what kinds of proportions are sound and prudent from your own perspective, you can assign whatever portion to DCA that you believe is fitting to your own situation.

EDIT: on the other hand, Pomp going on TV and blabbering about 100K and above is usually the sign of the local top.
He did the same in Dec 2017, confidently predicting 40K.
I like the guy, but he is no trader.

Sometimes, you can be such a hater...   I would think that you should be taking the advices of peeps whether bitcoin maximalists or whatever with grains of salt... So fucking what about Pomp and what he had to say.. I think that he has been talking decently bullish on bitcoin for at least a couple of years, and to me, it sounds like a mere coincidence that he "went on TV" recently.. bitcoin is going to do whatever it was going to do whether he happened to go on TV or not.  I doubt that he changed his message, even if there might have been more interest "on TV" to interview someone (perhaps anyone who happens to be articulate) about bitcoin.

Ill go for $15k and then with all reserves.

If this target is not met, I will have some cash for the holidays  

Edit: or shitcoins 

Unabashedly stubborn..... good for a strong belly laugh... that's for sure.

 

[bitebits]

Distribution happening:


https://studio.glassnode.com/metrics?a=BTC&category=Addresses&m=addresses.Min1Count

[bitebits]

We might have gotten a little bit ahead of ourselves (white line). If we repeat the previous cycle, we have to wait 6x2500 blocks from today before continuing the upwards stratosphere trajectory again (104 days):


https://twitter.com/ChartsBtc/status/1332186796566855681

[JayJuanGee]

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight  

That's an interesting way of characterizing the matter, wekkel-fekkel.  It's not really inaccurate with my BTC portfolio management system (if it can be accurately labelled as such?), either.

When there is a lot of BTC price moves, as long as I update my orders (whether buy orders or sell orders), the movement of the BTC price causes those orders to execute.. so long as I do not cancel them... so in some sense, when the BTC price goes does there is a kind of forcing me to buy situation built into my system...

So I guess, that is my somewhat long-winded (that's not going to stop, yet) way of admitting that I kind of agree with you.  

If the BTC price goes down to $16k-ish, I am forced to buy (orders are set and starting at that point), and if it goes lower than $16k-ish, there are more preset buy orders that (at this point) go all way down to about $5k (even though I really doubt that any of my buy orders are going to execute below $12k-ish.. but sure it is possible.. maybe I might need to consider whether to adjust those lower preset buy orders?  I am not sure... just going to keep them for now).

On the other end, I am forced to sell if the BTC price goes up to $18k-ish... and surely, if it goes higher, then I am forced to sell more, too.. (same idea as the buys that I just outlined, but just in reverse), and surprisingly, just around a week ago, I was getting somewhat nervous because my then on the books BTC sell orders ONLY went up to $35k-ish.. so they were starting to seem as if they were a much closer distance than they were seeming just a couple of months ago... so I went through a relatively short process of tweaking my BTC sales orders a bit so that I may well not feel such a feeling of being rushed if I were to go to sleep and wake up with the BTC price having had gone to $50k while I was sleeping... .hahahahahaha... so therefore, I have reconstructed my BTC sales in such a way that I will be "forced" to sell some already set amounts of BTC all the way up to $50k, if such $50k were to happen all of a sudden.. or maybe even keep them there if it takes a year or two (or even longer) to play out... In terms of the "all of a sudden," I have heard of stranger things happening.

By the way, with in the past day or so, I also incorporated "vapourminer lols" within my BTC sale orders in around similar price arenas that he had outlined.. largely in a symbiotic kind of a spirit of the idea... (I hate to be such a non-original copy cat... but it seemed to be just too good of an oportunidad to pass up) ... Perhaps, I will wait until after such passenings to disclose more particulars to the extent that such lols are worth mentioning and presuming that at some point in the near future (aka soon^tm) BTC price movements "force" those wannabe lols to play out.  

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight  

Just bought some more dip. Maybe I'll buy more tonight.

Wonder if we're going to go below $16,250. If so, lulz.

The 4hr is soo extremely oversold that I jumped the gun already. F*ck it, I’ll ride this pig wherever it goes  

I saw what you did there... Channeling good ole boy, BJA...

Do we miss that nutjob, or not?  I am thinking that he must have gotten pretty damned R3CKT...

Haha, chart looks ugly again. Perhaps I am forced to buy even tonight 

Just bought some more dip. Maybe I'll buy more tonight.

Wonder if we're going to go below $16,250. If so, lulz.

Yeah.. you can buy back all your lillie fiends below $15,762.50 - and profits.   


while bring back your previous stresses...




What a dilemma.   

That would be selling his lover back into bondage. Is bitcoin worth that?

(Oh dear!)

It's not like life is without drama.

I am not trying to be judgemental, but would you really believe that interacting with Bob in the real world would not have some drama involved, from time to time?


 

[psycodad]

In other news: Austrian Fucking gets renamed to Fugging!

Last call to go there and make that precious selfie with the village sign.

[Hueristic]

In other news: Austrian Fucking gets renamed to Fugging!

Last call to go there and make that precious selfie with the village sign.

People should visit now and add a "Formerly Fucking" sign below the new one.

[JayJuanGee]

Bitcoins' "The DIP" song:

"I am coming down, coming down like a monkey, but it's alright"
" 'cause tonight tonight tonight...oh oh"

https://www.youtube.com/watch?v=Yv-4HbikXdE

EDIT: did I say "f-k DCA"..yes, I did. Sorry, that move is for "lhoo-zarrrs".

Seems as if you may have said fuck DCA, once or twice, perhaps?  Hard to keep track...

That could, perhaps, be part of the explanation for why you have been so ongoingly and seem increasingly bitter in recent times....  smartie pants...

Just think about those prudent peeps who had been DCA'ing into bitcoin since late 2017... They'd be in a pretty decent position right about now in terms of the value of their BTC portfolio in comparison to what they had put in.., wouldn't they?  They would be something close to 2.5x in profits, currently. Should not complain about that.

And, look at ur lil selfie.. you been in BTC for 7 years-ish (according to your forum registration).  You would be in pretty damned good shape right now too, if you had been following a DCA plan into BTC since the time of your forum registration.  You could be something like 21x profits by following a pure DCA plan.

There are not too many people who are able to beat the performance of a DCA plan, at least not in BTC... So I don't know why you are so down on DCA plans.  It could be that you do not even understand what the fuck DCA is - especially in respect to BTC.  Perhaps?  Perhaps?  

Seems pretty obvious that you did NOT follow such a DCA plan for the duration that you have known about BTC because there should not be anyone who would be 21x-ish in profits currently, that would be so bitter about the plan that brought them to 21x-ish in profits.  

By the way, my ballparking of my own BTC holdings is probably around 17x profits rather than 21x.. so my own portfolio is underperforming DCA, too.. even though part of my issue does have some hacking losses, a few interpersonal transaction losses and exchange exit scam issues, too... so there are those issues with my own BTC portfolio value performance.

WTF...? I just switched from the 15k temp thingy to my old hat, FFS.

I am pretty damned-sure that Homer had already made you a supra $15k hat, d_eddie.

Did you miss his post(s) on the topic?  Here's a post from Homer on the topic from a few weeks ago.

I have a hunch that before year's end I'm gonna be able to change my hat. It's getting stuffy

 Why wait until the new year?

Am I missing something?

Me my mom and grandma all just bought $50 in BTC each on cashapp

Did you write it on their butts?  just for funzies.

 

[Phil_S]

https://twitter.com/bitcoinmemehub/status/1331741230905118732?s=21

That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...]

Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year...

[JayJuanGee]

I don't think a lot of people are intentionally using DCA. It's just that their regular pay comes every 2 weeks, or twice a month, and setting aside a fixed amount just to invest is very similar to DCA, but they buy the whole thing on schedule without emotion. As much as they can afford anyway.

So it looks like DCA, but probably not really DCA by choice but by circumstance. Otherwise, they'd probably buy as much coin as they can on the dips. (or whenever they buy.)

Yes... exactly.

And, hopefully these normie peeps do not overdo their DCA either.

Not overdoing it is a part of budgeting that can take a while to learn for a lot of normies.. it takes practice to manage without gambling too much in various regards and to thereafter be able to put aside some cash for investing.

So, if they get paid weekly or bi-weekly or monthly, many times budgets are figured out on monthly bases because several bills will renew on monthly basis.  So, if they end up having $2k in income, and $1,600 in various expenses, then they may well only have $400 available for possible investing or savings.  And maybe they should only invest half of that into BTC and keep half in cash.  there are going to be variations regarding how much money people can accumulate, and if they adequately plan for emergency expenses and then end up having to dig into their savings.  If they manage well then anything that they invest into the BTC portion would not be something that they would have to dig into, ever, except for on their completely own timeline and choosing (and maybe even preplanned way of doing it).

New theory..

They put the dip during thanksgiving dinner to keep the normies from buying it..

Have you been reading too much torque?

"They;" yeah right.   

[AlcoHoDL]

https://twitter.com/bitcoinmemehub/status/1331741230905118732?s=21

That was a good shortie-but-sweetie (only 5 minutes) interview with Michael Saylor, and he continues to be quite a good spokesperson on the bitcoin investment thesis [...]

Looks like '2x per year' idea is now mainstream... I noticed they both of them described the long term trend of BTC as 100% per year...

I can live with a BTC/USD gain of 100% per year:

Year        BTC/USD
-------------------
2020   $     17,000
2021   $     34,000
2022   $     68,000
2023   $    136,000 <--- My "moon" level.
2024   $    272,000
2025   $    544,000 <--- My "fuck-you rich" level.
2026   $  1,088,000
2027   $  2,176,000
2028   $  4,352,000
2029   $  8,704,000
2030   $ 17,408,000
2031   $ 34,816,000
2032   $ 69,632,000
2033   $139,264,000 <--- My prediction of 1 cup of coffee = 1 sat comes true!

[Karartma1]

AlcoHoDL maybe the only problem with your model is that we don't know what the real value of USD would be, meaning that your model can be revised on the way up even more.