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

[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 

[rdbase]

The world is in debt.
Enter bitcoin.

Once the total of allBTC reaches the sum of this amount. the world's debt would be but a fading memory.
Well to those who hodl theirs since the last all time high that is.

While checking the total sum:
Coinmarketcap has a competition going on of who can guess when BTC will reach $20,000.
https://coinmarketcap.com/bitcoin-price-prediction
Prize is $10k. So half a BTC aint half bad.

[friends1980]

Anti LGBT politician escaping a drug, 25 men gang bang party through window/roof hatch when police arrives
(...)

(...)

You probably all know I live in Brussels. As you can see, here's "Le Detour" where "it" all happened, on the right side, and exactly on the other side of the street, where the red arrow is pointing to, there's the Brussels police head office. Which explains why there's so many police cars parked in the street: street parking in this street is police-only.



You really have to be a retard to organize a gangbang at that exact place. Chance of getting caught, well, about 150%. Maybe they were turned on by men in uniforms...

The important question that no-one seems to have asked, however: were they using dildos and if so, were they red or green?

[dragonvslinux]

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

Of course, I'm only posting here for some signature campaign (where signature aren't shown!) not cos I actually care about people's opinions here or this thread 

I say I'm not bearish and then get accused of being 90% bearish, while hodling 95%+ of wealth in Bitcoin for last few months? I must be doing it all wrong!

I only warn people that 35% corrections exist, are routine and normal. The question is not if but when. 90% of my TA is neutral and critical, ie not a perma-bull no.

And sure, I've never made an accurate prediction of Bitcoin in my entire life. I'm always wrong, every single time.

[somac.]

So I'm thinking if we do go sideways here for a while, all it will be is the small handle for our 2018-2020 big cup. When it breaks up from here, and it will, I expect a doubling in price before another decent correction/sideways movement. Kind of like the move from March 2017.

like 2017, I'm not worried if it takes a few months to achieve this. But with the continued destruction of sound money globally it might not even take that long before the bulls are recharged.

Buy every dip.

[El duderino_]

So I'm thinking if we do go sideways here for a while, all it will be is the small handle for our 2018-2020 big cup. When it breaks up from here, and it will, I expect a doubling in price before another decent correction/sideways movement. Kind of like the move from March 2017.

like 2017, I'm not worried if it takes a few months to achieve this. But with the continued destruction of sound money globally it might not even take that long before the bulls are recharged.

Buy every dip.

Highly time for you to gain Hero ---> Legendary status.... could max send 34 as I already send 16 in the last Month your way

cheers

[vapourminer]

Satisfaction, from my point of view, is self-made. [...]

yes. i find this related to one of my mottos "fun is where you find it." satisfaction is where you find it too and of course can change throughout ones life.

satisfaction for one may be being out of debt. another ones level may be knowing you have food and shelter for ones family for the immediate future. another may be just a dependable car. then there are those who want that black (or pink) helicopter on the helipad in the back yard for satisfaction. ive been at the 1st three that i mentioned, but dont aspire to last though. hope i dont get that self indulgent really.

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!

number three is all that matters to me, and i have no need to compare the amount to anyone.. nocoiner, whale, or anyone in between.

kinda related: "life changing amounts" was discussed earlier. my life changing amount allowed me to retire many years earlier than even my most optimistic target. sweet for me. but that amount would be pocket change to many (most?) here.

[OutOfMemory]

You really have to be a retard to organize a gangbang at that exact place. Chance of getting caught, well, about 150%. Maybe they were turned on by men in uniforms...

Politics and retards, always a high correlation there...

Imho, they just either forgot to invite the chief of police, or to pay that hush-money to the police officers from across the street.
 

The important question that no-one seems to have asked, however: were they using dildos and if so, were they red or green?

When they started the party, they were green. Some of them turned red. Don't be too tight fisted (had to LOL there) with the lubricant  

[somac.]

So I'm thinking if we do go sideways here for a while, all it will be is the small handle for our 2018-2020 big cup. When it breaks up from here, and it will, I expect a doubling in price before another decent correction/sideways movement. Kind of like the move from March 2017.

like 2017, I'm not worried if it takes a few months to achieve this. But with the continued destruction of sound money globally it might not even take that long before the bulls are recharged.

Buy every dip.

Highly time for you to gain Hero ---> Legendary status.... couldn't max send 34 as I already send 16 in the last Month your way

cheers

Well, hero status would be nice but I'm shocked by the amount of generosity, thank you.

Every bull run gets me more active in the comments section so I'm in no doubt that I'll get to hero with this run. Maybe next run, I'll even make legendary. Bitcoin will probably be near a million then. Problem with that though is that a simple loaf of bread will probably be $10, and I will be thanking my past self daily for having enough sense to not have listened to all the so called economic and hedge fund gurus saying it was all a scam in 2013.

[fillippone]

Another day, another CEO doing a U turn on corn:

	2017	2020

Well, what next in 2023? "BlackRock CEO Larry Fink:Bitcoin is the new Dollar!"
Credit go to Plutosky on the Italian Board

[ivomm]

So I'm thinking if we do go sideways here for a while, all it will be is the small handle for our 2018-2020 big cup. When it breaks up from here, and it will, I expect a doubling in price before another decent correction/sideways movement. Kind of like the move from March 2017.

like 2017, I'm not worried if it takes a few months to achieve this. But with the continued destruction of sound money globally it might not even take that long before the bulls are recharged.

Buy every dip.

Since the last crash in March, we had only one correction of 20%, which is very unusual. Of course the explanation is obvious - big investors entered the market with the purpose of long term holding. Some TA 'experts' may claim that a correction is at the corner, but looking at the liquidity of the exchanges and how quickly the price recovers, I just don't see it. May be if the price increases 30%+ for a day, we will see some more significant correction. But if the current trend of 4-5% daily gains continues, I would expect more like sideways periods in some 10-15% channel from the ATH after each doubling.

[AlcoHoDL]

"First they ignore you..."

More big players like Larry Fink will come. Michael Saylor was one of them too.

Hell, many of us were too! I was. Not like this, I always liked Bitcoin as a concept, an idea, an innovation. But I only bought 0.5 BTC for $110 in 2015, when I had fiat readily available to buy more than 400 BTC at that time. I only bought 0.5! Why? Because I was scared. Of course, all of the fiat I mentioned have now been fully converted to BTC, but spread over many years of buying and HoDLing, up to 2020. Result: I ended up with a fraction of the amount of coins I could now have. Same holds true for Saylor and the rest of the naysayers-turned-supporters.

Lesson learnt: early bird gets the worm — got to be brave, to take risks, to not chicken out. I chickened out. Just like Saylor and many others.

The same will happen to many of the current newcomers who, again, will not buy as much as they can, because they're scared, or because "it's too expensive". And they will make a post similar to this in 5 years' time. Rinse & repeat.

[Lucius]

Well, what next in 2023? "BlackRock CEO Larry Fink:Bitcoin is the new Dollar!"
Credit go to Plutosky on the Italian Board

I think these are people who are not too intelligent, regardless of their positions in society. It took people like him a few years to understand what BTC is, and maybe even now they don't fully understand what it's all about - but they want to join the trend, because if everyone speaks positively about BTC, why be in the minority that criticizes it.

[Dabs]

Everyone's view on what is a comfortable or "content" life varies, but a lot of people are currently in situations where just a little bit more income to pay for expenses is all that is needed.

The alternative is to try and live lower, for some people that can be done, for others is already difficult.

One can be happy by being content. You can also estimate this number by simply looking at your average expenses for the past year. If you do ever get enough corn such that one day a small percentage of it pays your annual expenses, then you can probably either retire, or work less.

The usual number I see floating around is 4%. So if BTC hits $1 million, and you only need close to $40k per year (in addition to any other money you are making right now), then ... you could try to live with that. If you have a whole 1 BTC that is. This implies investing it outside of BTC in the traditional stock market, so if you just keep it in BTC, you'll want more than 4% per year price appreciation.

[AlcoHoDL]

"Bitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. It's all about value transacted per second and a new financial paradigm."

https://twitter.com/Excellion/status/1333966283876954113

Contains nice visualization comparing BTC to BCH, ETH, LTC, XRP.

[Torque]

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.

You know what they say ‘Youth is wasted on the young’ by the time we have the mental clarity to appreciate our actions and the long term effect they have on our lives we already missed those opportunities and they are way behind us.

It is natural to be excited about bitcoin and its potential and to want to have an endless party with our earnings when we are young but it is only when you are older when you realize that such thing is simply not worth it, one of those frivolous things are fancy cars, lambos as the community call them, even if they have no intention to buy specifically a Lamborghini, but why do we need one? Who are we trying to impress? It is way better to not focus ourselves in medium maximization and to focus on how we can use that medium to actually achieve happiness.

Exactly.

I can tell anyone here, once you have enough bitcoin to buy a Lambo ten times over, not only will you *not* want one, you also realize that it would be huge mistake to buy one.