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

[OutOfMemory]

Anti LGBT politician escaping a drug, 25 men gang bang party through window/roof hatch when police arrives
What will his wife a Constitutional Court judge say when he gets home?
https://www.youtube.com/watch?v=jN77Pr5h0ec

coming soon: Divorced, sued, f*cked.
Maybe not in this particular order 

btw.: have you read about the "fine" €25 for each "partycipant" and €75 for the host (for not following covid orders)
Equality, right?

But remember:

Some are more equal than others

[1713434552]

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[1713434552]

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[1713434552]

1713434552

[AlcoHoDL]

Anti LGBT politician escaping a drug, 25 men gang bang party through window/roof hatch when police arrives
What will his wife a Constitutional Court judge say when he gets home?
https://www.youtube.com/watch?v=jN77Pr5h0ec

coming soon: Divorced, sued, f*cked.
Maybe not in this particular order  

btw.: have you read about the "fine" €25 for each "partycipant" and €75 for the host (for not following covid orders)
Equality, right?

But remember:

Some are more equal than others

Very cheap. Think of it as an entry ticket to the party. A good encouragement for other groups to hold parties. Nice!

[OutOfMemory]

All this talk of the search for happiness, reminds me of the Buddhist concept of grasping being the source of unhappiness.

Happiness, if found, will always be temporary. You can buy the new car and you'll be happy for a while, until you then want the new boat, which itself will make you happy for a while, until you want the helicopter, then the airplane, ad infinitum. The search for permanent happiness will always be endless. Instead, Buddhism (well, some of its schools) would suggest that contentedness, rather than happiness, should be the goal.

Be content with what you have. Which doesn't mean that you shouldn't try to improve your situation and that of others, but that you should be content with whatever outcome arrives.

The whole "happiness" industry has just become so "Americanised" (or maybe "Californianised") to have simply become an industry of easily digested and poorly written books and websites. It's saddening, when there is potentially so much more to be learned here.

Ignoring the mention of God, I quite liked a passage in Obama's newly released "A Promised Land":

"The truth is, I've never been a big believer in destiny. I worry that it encourages resignation in the down-and-out and complacency among the powerful. I suspect that God's plan, whatever it is, works on a scale too large to admit our mortal tribulations; that in a single lifetime, accidents and happenstance determine more than we care to admit; and that the best we can do is to try to align ourselves with what we feel is right and construct some meaning out of our confusion, and with grace and nerve play at each moment the hand that we're dealt."

Gave up my last sMerit before reading this, so

+1 WOsMerit

Satisfaction, from my point of view, is self-made. Once you're generally satisfied with your life, and this is where we should not have to complain too much, for example compared to an average north korean or somali citizen, you are able to find happiness quite often and easily. Accepting that things that happen are good, things you have are enough (and so on) instad of following and thus building your ego's frustration and discontent, is basically a way to more happiness.
Avoiding comparison is the key.

I can look at my bitcoin "stash", have three choices:

1. Most WOs have way more corn than me
2. I have *insert low number here* coins, but most people i know have none and probably never will.
3. Hey, i own bitcoins! fucking brilliant!

Very cheap. Think of it as an entry ticket to the party. A good encouragement for other groups to hold parties. Nice!

Even then, it's fucking cheap for a sex party, isn't it? I used to pay about 2 times that much  #nohomo

[El duderino_]

[Cryptotourist]

Gentz, I know we have spent years plotting things like the 100k party, but I have had my mind on another festivity for WO's to participate in......

This could be done either in groups or individually......

Its something I think deep down you all want to do, whether you will admit it or not......

Something that with the right WO hand sign in the right pic could have legendary implications that resonate across the Bitcoin universe......

A trend that could result in the unfortunate(but still worthwhile) extinction of several species of mammals.....


What I am proposing is for some noble WO member to travel deep into the heart of Carolina and......

KILL A BEAR (then flash the WO hand sign in a pic )



https://www.carolinasportsman.com/features/do-it-yourself-carolina-bear-hunting/

We could even have a small BTC bounty and whoever kills the bear w the WO sign first then other members would send a donation to their address as a token of appreciation. I certainly would make a donation if someone beats me to the first kill.  


 

So you're trying to say bear hunting season is not yet over? 

[Karartma1]

All this talk of the search for happiness, reminds me of the Buddhist concept of grasping being the source of unhappiness.

Happiness, if found, will always be temporary. You can buy the new car and you'll be happy for a while, until you then want the new boat, which itself will make you happy for a while, until you want the helicopter, then the airplane, ad infinitum. The search for permanent happiness will always be endless. Instead, Buddhism (well, some of its schools) would suggest that contentedness, rather than happiness, should be the goal.

Be content with what you have. Which doesn't mean that you shouldn't try to improve your situation and that of others, but that you should be content with whatever outcome arrives.

The whole "happiness" industry has just become so "Americanised" (or maybe "Californianised") to have simply become an industry of easily digested and poorly written books and websites. It's saddening, when there is potentially so much more to be learned here.

Gave up my last sMerit before reading this, so

+1 WOsMerit

Satisfaction, from my point of view, is self-made. Once you're generally satisfied with your life, and this is where we should not have to complain too much, for example compared to an average north korean or somali citizen, you are able to find happiness quite often and easily. Accepting that things that happen are good, things you have are enough (and so on) instad of following and thus building your ego's frustration and discontent, is basically a way to more happiness.
Avoiding comparison is the key.

I can look at my bitcoin "stash", have three choices:

1. Most WOs have way more corn than me
2. I have *insert low number here* coins, but most people i know have none and probably never will.
3. Hey, i own bitcoins! fucking brilliant!

Nice. Now go and merit the guy with real ones (I am out now but sharing is caring).
BTW, I like your three points. We are friends it seems.

[AlcoHoDL]

It's starting again...

[heslo]

Here we go, another attempt!

[bitcoinPsycho]

For all the WO bulls out there, those wearing the silly caps and posting almost exclusively in one thread, here are my current concerns.

After a month of price being overbought, we have now confirmed a rejection from returning to overbought levels. While price remains in bullish territory, a break below 55 could see a re-test of bearish price strength:

I'm not bearish yet, the $17.9K support level still needs to be broken by the bears with confidence and follow through. There's a good chance we bounce from the 21 Day MA again (blue line, bull trend moving average) like we did a few days ago, creating a textbook bullish higher low. But if we don't, and we end up back at $16K, it's not going to be pretty.

I'm still 95% in. Ironically the 3.5% I sold at $18K from the previous break-down I now no longer need due to a tax based administrative error  

It does mean that capital is now back in the order books trying to pick up a wick on a low liquidity exchange pair

It's soon time for strong hands. If you need to sell a % or two to make you feel better about a correction that could go as deep as 25-35% ($13-15K), now is the time to think about it.

Then why don't you sell now and buy back at enormous profit. Just imagine...you can double your stash and be able to afford a "SILLY HAT"of your own  

[600watt]

An alternative scenario for bitcoin moves (contrarian, low probability):

1. Really big money (PTB) wants a discount on bitcoin. PTJ bought at 4-5K and they would like to do it too.
2. They "manufacture" a downtrend back to 4-5K (using FUD, policy changes, etc.).
3. After they truly load up (taking btc from the retail and long hodlers who cannot take it anymore), the sharp uptrend resumes to the expected highs (100K-500K).
4. Between now and the summer of 2021 would be a time to do it if they care to do it at all.

Historical perspective: something like this happened on the US stock market with a double hump of 2000 and 2007-2008, then double dip in 2001-2003 and 2007-2009, respectively.
Probability: 10-20%, but if it happens, Bob would look like a genius 

this is an interesting thought. I would set the probability lower than you, but it is actually something to be prepared for. if we can assume bitcoin is the future of finance then sooner or later all the current financial big players will realize this and some of them may dislike the fact that they are kinda late to do a full saylor/microstrategy move and get the corn for $10k a piece. in a few years they will never be able to raise their corn stash in a meaningful way, because it will simply be too expensive even for the most financially potent entities. the only time for them to "get more" is to do a violent move NOW and it better be some kind of meaningful dip.

right now it is still cheap to create a meaningful dip regarding bitcoin. every entity that wants to invest billions can use 50 mil to orchestrate such a dip. the only danger is if there are several of those dip creators it could undermine the faith in bitcoins bull trend.

have we made it? a $100k bitcoin is looming. a $200k bitcoin is in the cards. do you expect it to be all smooth and nice and sunshine for us to get there? I doubt it. our faith will get challenged again. either multi months of booooooring sideways or +40% corrections, our faith will get tested even during the most bullish times.

maybe the above described scenario will kick in when price is higher.

also: when you look at hairy's overlap charts it is easy to see that the 2019 run-up was an anomaly.  plus token scam allegedly caused it. be aware that such anomalies can occur again and they can also occur to the downside. Kobayashi selling the gox stash, US Marshall service selling the Silk Road stash, CP of china selling the plus token bitcoin stash - all at once - and/or biodoms scenario becoming reality - always expect temporally bad moves. they can and will happen.
don't get me wrong - I am a $1mil per bitcoin bull (and more) - but there will be scary moments in the future as have been in the past.

since we will never know if price downturns are just noise, a 40% correction or a multiyear top - but we do know price will be higher than $100k soonish, my strategy is to not fool around with precious stash but only sell tiny bits if needed for expenses.

[OutOfMemory]

Nice. Now go and merit the guy with real ones (I am out now but sharing is caring).
BTW, I like your three points. We are friends it seems.

Did that, thanks.
The Dude blessed me with another 8 Merit (thx)   so i could return your two  

In WO, we're all friends, somehow. (Well, except Cryptonians and alevlaslo and the likes, iirc).

You should know that about 20 years ago i was one of the most unhappy, unsatisfied and self-destructive persons i knew.
I'm happy AF that i could change, which likely saved my life as well, and it's even getting better with age.
Most people i watch in my environment go in the other direction. Depressions are quite a valuable lesson, once one are through it, he/she can grasp this.

Here we go, another attempt!

With low volume, though.

[El duderino_]

[OutOfMemory]

Does that sum also take past inflation into account?

[dragonvslinux]

Morning rant time  

For all the WO bulls out there, those wearing the silly caps and posting almost exclusively in one thread, here are my current concerns.

After a month of price being overbought, we have now confirmed a rejection from returning to overbought levels. While price remains in bullish territory, a break below 55 could see a re-test of bearish price strength:

I'm not bearish yet, the $17.9K support level still needs to be broken by the bears with confidence and follow through. There's a good chance we bounce from the 21 Day MA again (blue line, bull trend moving average) like we did a few days ago, creating a textbook bullish higher low. But if we don't, and we end up back at $16K, it's not going to be pretty.

I'm still 95% in. Ironically the 3.5% I sold at $18K from the previous break-down I now no longer need due to a tax based administrative error  

It does mean that capital is now back in the order books trying to pick up a wick on a low liquidity exchange pair

It's soon time for strong hands. If you need to sell a % or two to make you feel better about a correction that could go as deep as 25-35% ($13-15K), now is the time to think about it.

Then why don't you sell now and buy back at enormous profit. Just imagine...you can double your stash and be able to afford a "SILLY HAT"of your own  

Firstly and most importantly, you're assuming I don't have a silly hat. I do, I think you might know this too. When the corrections come, I will likely put it back on in support. When the bear market arrives in some years, I will also wear it in solidarity. I've merely put it on a shelf, after a long season wearing my maximalist-style cap I have, I'm more diversified again now.

Secondly, why would I sell if I'm not bearish? This wouldn't make much sense my friend. I also highly doubt I would be able to "double my stash" by selling at $20K, this would mean needing a 50% correction (which I find near impossible, like 5% chance), then buying the exact low of the wick, probably $10,001.01. If only.

Thirdly, I wouldn't be hodling 95% of my wealth in Bitcoin if I believed there there would be a greater than 5% chance of breaking below the 200 Week MA. I said it's time for strong hands, not weak ones. If you invested more than you were willing/able to lose some weeks ago (like I did) - congrats! But now is the time to think about these things again.

Good day to you fellow cap wearer.

All I can say is if we do get a massive handle to buy the dip with everything you have. I am of the mind things might be different..a lot of things went right for bitcoin this year. I believe it is going through another order of magnitude adjustment in its adoption phase and this, the halving and the pandemic have all place unique pressure on an already volatile market. Scarcity and the need for a secure portable store of wealth has met demand head on and the results are showing in recent price discovery.

Yes, stick to the routine that works. Throw all your money into these deep dips. Don't question it, don't think about it, just BTFD. We all know it works, carry on...

I also realise things could be very different, the 25-35% retracement may not happen from here, $25K or even $30K. For me, more of the issue is the lack of consolidation of higher prices, the current macro price swings <$20K have all been very wild compared to the textbook consolidation periods of 2016. If consolidating $14K price last summer for over a year counts as long enough consolidation for this level, then so be it, I'm more "concerned" we may have 3-6 months of price consolidation to come, even if not the deep dip.

Like in summer, many of us (including myself) felt we would correct further from a 150% gain, but we didn't, we just consolidated this price for a couple of months. This is why I'm convinced that this $10K level will be held, without a shadow of a doubt. Re-testing the $14K level however seems very logical, to re-test the year long resistance level that we recently broke through. I'd feel a lot better about the price if we re-tested sooner rather than later. Each to their own, I also like discounts.

[Wekkel]

https://i.ibb.co/QXrhnDw/5054-CDEC-C931-4-DC2-A95-F-FC74-BDEE4601.jpg

To 'ourselves'.

You've gotta reprogram yourselves to the standard economic line of thought in order to get along in public 

[Spaceman_Spiff_Original]

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...

Username checks out.  

You might have been joking, but there is a real mental disconnect where people in the one hand see medicine in the real world keep people healthy and alive for longer, and on the other hand, when rejuvenation/longevity is mentioned, they resort to the cultural brainwashing that is seen in movies: that all forms of life extension ultimately come from stealing the life of others.  
This is nonsense of course, life is not a zero-sum game. Neither is there a real law of equivalent exchange like in Fullmetal Alchemist.  But people are wired and trained to think like that.  

Overcoming that mindset will take many years of refuting faulty arguments and showing real-world progress, just as we are managing to do with the mental resistance to bitcoin acceptance.

PS: I liked the stuff you said about the pursuit of happiness.

[JSRAW]

All this talk of the search for happiness, reminds me of the Buddhist concept of grasping being the source of unhappiness.

Happiness, if found, will always be temporary. You can buy the new car and you'll be happy for a while, until you then want the new boat, which itself will make you happy for a while, until you want the helicopter, then the airplane, ad infinitum. The search for permanent happiness will always be endless. Instead, Buddhism (well, some of its schools) would suggest that contentedness, rather than happiness, should be the goal.

Be content with what you have. Which doesn't mean that you shouldn't try to improve your situation and that of others, but that you should be content with whatever outcome arrives.

The whole "happiness" industry has just become so "Americanised" (or maybe "Californianised") to have simply become an industry of easily digested and poorly written books and websites. It's saddening, when there is potentially so much more to be learned here.

Ignoring the mention of God, I quite liked a passage in Obama's newly released "A Promised Land":

"The truth is, I've never been a big believer in destiny. I worry that it encourages resignation in the down-and-out and complacency among the powerful. I suspect that God's plan, whatever it is, works on a scale too large to admit our mortal tribulations; that in a single lifetime, accidents and happenstance determine more than we care to admit; and that the best we can do is to try to align ourselves with what we feel is right and construct some meaning out of our confusion, and with grace and nerve play at each moment the hand that we're dealt."

Gave up my last sMerit before reading this, so

+1 WOsMerit

Satisfaction, from my point of view, is self-made. Once you're generally satisfied with your life, and this is where we should not have to complain too much, for example compared to an average north korean or somali citizen, you are able to find happiness quite often and easily. Accepting that things that happen are good, things you have are enough (and so on) instad of following and thus building your ego's frustration and discontent, is basically a way to more happiness.
Avoiding comparison is the key.

अहम् ब्रह्मास्मि Aham Brahmasmi

[serveria.com]

For all the WO bulls out there, those wearing the silly caps and posting almost exclusively in one thread, here are my current concerns.

After a month of price being overbought, we have now confirmed a rejection from returning to overbought levels. While price remains in bullish territory, a break below 55 could see a re-test of bearish price strength:

I'm not bearish yet, the $17.9K support level still needs to be broken by the bears with confidence and follow through. There's a good chance we bounce from the 21 Day MA again (blue line, bull trend moving average) like we did a few days ago, creating a textbook bullish higher low. But if we don't, and we end up back at $16K, it's not going to be pretty.

I'm still 95% in. Ironically the 3.5% I sold at $18K from the previous break-down I now no longer need due to a tax based administrative error  

It does mean that capital is now back in the order books trying to pick up a wick on a low liquidity exchange pair

It's soon time for strong hands. If you need to sell a % or two to make you feel better about a correction that could go as deep as 25-35% ($13-15K), now is the time to think about it.

To all beartards shilling for some mumbo-jumbo Unicrap shitcoin DEFI shitsystem: you realize that you only report pumps/ups post-factum you never managed to predict a single one. Instead, you're always here to predict doom and gloom 35% dumps etc...  90% of your predictions are bearish (the same for Wekkel) c'mon get a life guys

[serveria.com]

All I can say is if we do get a massive handle to buy the dip with everything you have. I am of the mind things might be different..a lot of things went right for bitcoin this year.

Do you have a SOMA ballpark for the dip?

November monthly open around 13900.

A wick to 12500 would also be in the play if we go that deep.


Would for sure fuck with a lot of weak hands

Paypal will never let this happen. Granmas don't like to see red on their Paypal BTC page...

[Wekkel]

90% of your predictions are bearish (the same for Wekkel) 

I learned not to act on my bearish thoughts