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

[Toxic2040]

the noon wall report at 11:41am

a little double top and a helicopter recovery off a new all time high bitcoin is currently trading at just under $19k

steady as she goes


#dyor

1h


4h

#stronghands

[AlcoHoDL]

t is the ultimate marshmallow challenge.  Many of us have lowered our time preference so much we are just not going to let go of much even when it does go up quite a bit.

For me personally the formula revolves around comfortable retirement and a little diversification into property.  I just don't want to spend much money on stupid shit, or even living large.  And I am acutely aware that the longer I wait the more I will be left with in the end.

That is where the real crux is, in my opinion.  Where that point is for each whale/minnow.

You sir, are very wise.

Anyone not following a similar recommendation/approach is going to end up with massive regrets before they die.

I see so many here joking about blowing their bitcoin "winnings" on fancy cars, frivolous shit and such, and inwardly I know some of them aren't really joking.

Except it wasn't Wekkel that said this, it wad cAPSLOCK...

Wise words nonetheless...

[AlcoHoDL]

Regarding frugality: once you go frugal, it is difficult to come back...everything looks darn expensive, causing buyer's remorse.
On the other hand, giving descendants a 50-100 year rein in luxury-why bother? Nothing productive comes out of it, typically.

As for how much to pass on to your kids, Warren Buffett once offered a good rule of thumb: the perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing."

Source: CNBC Make It

[Biodom]

Regarding frugality: once you go frugal, it is difficult to come back...everything looks darn expensive, causing buyer's remorse.
On the other hand, giving descendants a 50-100 year rein in luxury-why bother? Nothing productive comes out of it, typically.

As for how much to pass on to your kids, Warren Buffett once offered a good rule of thumb: the perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing."

Source: CNBC Make It

That's very nice and I agree.
As a side note; for some kids what is ""enough money so that they would feel they could do anything" is actually "enough to do nothing", but i digress.
Typically, though, $1 mil will probably be about right.

[True Myth]

Think about what you really want and what makes you truly happy .

To not die; to not age; to experience continuous growth (not in the pituitary gland/gigantism way...)

You could try vampirism...

Don't do things to make others happy

In my experience when you do something solely to make someone else happy it makes you unhappy and bitter.  It can destroy that relationship and result in a bad situation for both people.  You resent that person for making you feel like you had to sacrifice your choice or happiness to help them obtain theirs or their perception of you.  It usually backfires and creates a worse situation.  

For example... a father pressures his son to following in his family's footsteps as a doctor when what the son really wants to do is be a software developer.  The son begins down the path of schooling and requirements to become the doctor his father always wanted him to be.  One day the son realizes he is truly unhappy in this career and choses to follow his passion of software development.  He drops out of school and his father is angry at him for the wasted time, money, and for not achieving the "ideal career path".  The son resents his father for the same reasons as well as himself for never following his own passion.

Sometimes you just have to be you and stand up for yourself.  Being "selfish" is often looked at as a negative term... let's refer to it as self-love then.


Doing something to make someone else happy because it also makes you happy is a different thing...

[bitserve]

Regarding frugality: once you go frugal, it is difficult to come back...everything looks darn expensive, causing buyer's remorse.
On the other hand, giving descendants a 50-100 year rein in luxury-why bother? Nothing productive comes out of it, typically.

As for how much to pass on to your kids, Warren Buffett once offered a good rule of thumb: the perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing."

Source: CNBC Make It

Which is a stupid statement/decision btw. I mean, If I were given a few million dollars without having ever made any effort maybe I would probably just settle on that and just do nothing but "live comfortably". But... if I were given one of the biggest fortunes in the world, I would probably focus on both trying to be the #1 and change the world for the better. YMMV.

He should better focus on educating their heirs to go on with his "project" when he is gone than just thinking about how much resources he should left them as if that was more important than the former. Or put rules on the usage of those resources.

That being said, it will be nice if he leaves the most of it to charity....

[True Myth]

Regarding frugality: once you go frugal, it is difficult to come back...everything looks darn expensive, causing buyer's remorse.
On the other hand, giving descendants a 50-100 year rein in luxury-why bother? Nothing productive comes out of it, typically.

As for how much to pass on to your kids, Warren Buffett once offered a good rule of thumb: the perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing."

Source: CNBC Make It

Which is a stupid statement/decision btw. I mean, If I were given a few million dollars without having ever made any effort maybe I would probably just settle on that and just do nothing but "live comfortably". But... if I were given one of the biggest fortunes in the world, I would probably focus on both trying to be the #1 and change the world for the better. YMMV.

He should better focus on educating their heirs to go on with his "project" when he is gone than just thinking about how much resources he should left them as if that was more important than the former.

That being said, it will be nice if he leaves the most of it to charity....

I always liked the idea of being "a well off person" and being able to leave a large amount of money for my kids in a special account.  They wouldn't know about it until they were maybe 35.  The hope is that they would spend the first 35 years of their life working and grinding through this thing called life.  After gaining access to life changing money at 35 they would then know what it is like to live without it therefore, creating a deeper meaning and understanding of the windfall.  At least in theory...

[dragonvslinux]

wonder what price ill wake up to. might have to break my tradition of not checking the price till after ive caught up on the WO.

well apparently i was rich when i started reading the WO this morning (5 pages behind or so) but by the time i caught up and actually checked the price im poor again. maybe rich by noon?

I try and skim over pages personally, just stopped off to look at the odd graph and read a comment that interests me. Otherwise, I lose too much money with the current volitility

Where are all the rockets in this thread that were promised? 

I thought we made new ATH on all exchanges today? Disappointed.

Waiting for $20k - ATH was too easy.

Damn you're right, it was $20K for the rockets I remember now. I guess that makes sense. An ATH without $20K does seem a bit lacking.

[bitserve]

Regarding frugality: once you go frugal, it is difficult to come back...everything looks darn expensive, causing buyer's remorse.
On the other hand, giving descendants a 50-100 year rein in luxury-why bother? Nothing productive comes out of it, typically.

As for how much to pass on to your kids, Warren Buffett once offered a good rule of thumb: the perfect amount to leave to your kids, he told Fortune in 1986, is "enough money so that they would feel they could do anything, but not so much that they could do nothing."

Source: CNBC Make It

Which is a stupid statement/decision btw. I mean, If I were given a few million dollars without having ever made any effort maybe I would probably just settle on that and just do nothing but "live comfortably". But... if I were given one of the biggest fortunes in the world, I would probably focus on both trying to be the #1 and change the world for the better. YMMV.

He should better focus on educating their heirs to go on with his "project" when he is gone than just thinking about how much resources he should left them as if that was more important than the former.

That being said, it will be nice if he leaves the most of it to charity....

I always liked the idea of being "a well off person" and being able to leave a large amount of money for my kids in a special account.  They wouldn't know about it until they were maybe 35.  The hope is that they would spend the first 35 years of their life working and grinding through this thing called life.  After gaining access to life changing money at 35 they would then know what it is like to live without it therefore, creating a deeper meaning and understanding of the windfall.  At least in theory...

Not sure if 35 years has any meaning, or maybe 20, or it depends, or whatever. It's all just factors. Also not sure if it would be better if they knew or not. Maybe by the time they reach 35 they have been so burned by life that it wouldn't make any difference.... but merit for at least having had some thoughts about it. It's surely a very complex thing and probably there's no better or right thing. Surely one subject where every Mileage Might Vary, and even then no certaintity.

[Lambie Slayer]

https://www.bloomberg.com/opinion/articles/2020-11-29/bitcoin-and-china-are-winning-the-covid-19-monetary-revolution

Financial journalists, too, are capitulating: On Tuesday, the Financial Times’s Izabella Kaminska, a long-time cryptocurrency skeptic, conceded that Bitcoin had a valid use-case as a hedge against a dystopian future “in which the world slips towards authoritarianism and civil liberties cannot be taken for granted.” She is on to something there, as we shall see.

LOL. I bet she finally bought some. Stolfi will buy in soon too.

[OutOfMemory]

Think about what you really want and what makes you truly happy .

To not die; to not age; to experience continuous growth (not in the pituitary gland/gigantism way...)

Don't do things to make others happy

Each to their own, but that sounds FU.

Guess he meant
"Don't do things only to make others happy".
Which is just a little better, on a second thought.

[gembitz]

BITCRON HAZ LEGZZZ TO 50K!!Kaboom!!:-D weee

[cAPSLOCK]

It was just about this point in the last cycle that we were hoping to breech 1k again.  Just 4 years ago.  Actually less.

Later in the last cycle 1k CANDLES we a thing.

In this cycle we are looking to breech 20k this time.

Can you imagine 20k candles?

[Wekkel]

I take as default scenario that Bitcoin will longer around these levels for a while while indicators cool off a bit. And then, after a few weeks of rest and pounding the bottom range, a decisive break upwards.

That does not mean that ATH won’t be breached in the meantime.

I am saying so because from a technical perspective the momentum indicators are starting to show fatigue.

But on the other hand: Bitcoin tends to surprise us. Big Time 

[gembitz]

It was just about this point in the last cycle that we were hoping to breech 1k again.  Just 4 years ago.  Actually less.

Later in the last cycle 1k CANDLES we a thing.

In this cycle we are looking to breech 20k this time.

Can you imagine 20k candles?

/\BTC x 10 bagger ===> 100k - 200k easy hodl gentlemen

[AlcoHoDL]

Just received this email from Kraken:

Hi {my first name},

A $250,000 Bitcoin in 2021?

Excitement is in the air, prices recently hit all-time highs and our latest Kraken VIP sentiment survey reflects the many ways professionals are thinking about how the cryptocurrency sector might evolve in the year ahead.

In the new survey, Kraken VIPs – a diverse mix of brokers, custodians, family offices, hedge funds, market makers, miners and traders – share their insight into the state of the market heading into 2021 for any investor seeking an edge.

Indeed, while prominent funds and investors like Michael Saylor and Paul Tudor Jones have made bullish bets on bitcoin in recent months, that’s not all that is exciting our VIPs.

By downloading Kraken Intelligence’s latest report, you’ll gain insights into their preferred price targets, investment convictions and general sentiment on the state of the market.

We explore:

[... removed altcoin talk ...]

Optimism Ahead – Institutional adoption is driving bullish sentiment. Nearly 70% of our respondents believe we are now in a bull market and believe that innovation and positive regulation will boost their investments in 2021.

Price Targets – Our VIPs offered bullish forecasts for bitcoin and ethereum in 2021, with high-end estimates for their price appreciations topping $250,000 and $15,010, respectively. Respondents are optimistic that next year both cryptocurrencies will provide at least 175% returns from October prices.

[... removed DEFI talk ...]

[Download Our Full Survey Here]

[cAPSLOCK]

Because drawing triangles on 15m candles makes so much sense.  Also the volume is very sad...

[jojo69]

[Vlad2Vlad]

It was just about this point in the last cycle that we were hoping to breech 1k again.  Just 4 years ago.  Actually less.

Later in the last cycle 1k CANDLES we a thing.

In this cycle we are looking to breech 20k this time.

Can you imagine 20k candles?

/\BTC x 10 bagger ===> 100k - 200k easy hodl gentlemen

Crazy prediction man.  Can you imagine the alt pump
With that much liquidity in crypto? 

[nutildah]

Can you imagine the alt pump
With that much liquidity in crypto? 

In this thread that's simply
Not what we do here.