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

[Biodom]

What's up with Coinbase ...again?

Wait that's the company that's in the Facebook Libra/Diem Association right? No one knows, seems like you're the only one still using them.



*Mandatory coinbase user reference

I smell some condescension...how "rude" or rather "DaRude"   .

You can trade at whichever place you want, but I can't on Binance and would not on stamp 'cause it is generally retarded in what it asks for, sorry.
Gemini does not have enough liquidity, always have to wait for a decent fill, so, yea, Pro makes nice fast fills (when it is UP).

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[JayJuanGee]

Not buying atm period.....!

You party poop, JSRAW!!!!!  Maybe you should let us know if 4 digits are over yet?  or you don't wanna say anything, bhai.  

Party pooping is your field of expertise bhai   I am just not accumulating at this range because my overall buy average going up drastically for quite some time which i am not comfortable with. May be i am waiting for 20-25% correction and if i dare to guess then your buy orders are set up around same level?

4 digits seems unlikely but i think no one should rule out the doomsday scenario, even if there is 1% chance.

Well, there is a need for something like  a 7% or 8% price drop before my BTC buy orders are triggered after the sell order is executed, and then my increments thereafter between the BTC buy orders might be any where between 1% and 3.5% depending on how I am feeling, and I don't mind being a little bit aggressive on my buy orders... especially in times like these since I haveBTC  buy orders that go all the way down to $5k-ish that are NOT too likely to be filled.

Sure, of course, some day maybe I will aspire towards the maintenance of larger spreads between my sell orders and buy orders and larger increments between buys, too...  My sells have already largely programmed in larger increments between sell orders, too. 

In any event, I still don't mind having some opportunities to buy back some little fiends along this lovely bullrun.. especially since hardly any of my BTC buy orders got triggered in the last run up from $10k to nearly $20k (from early September to late November.. sure there were a few buy orders that got triggered along the way, but really NOT very many.. almost a straight run up from $10k to $20k that took about 3 months to play out and resulted in selling all the way up.. small amounts, but still.. selling.. )..

Of course, I could give less than two shits if the BTC price fails to go down and my BTC sales end up getting locked in forever and ever and ever, but if it is going to end up going down, then may as well make lemonade out of those lemons that happen to end up showing up (I am pretty sure I used that lemonade saying previously (and others have too).. but does not hurt to repeat).

Regarding 4 digits, I agree odds are seeming quite low for that, currently.. and sure 1% or so might be a somewhat reasonable prediction about that.  

The 208-week moving average is now up to a bit over $7,200, and so far that 208-week moving average ONLY has been getting hit during BIGGER corrections that had come after a considerable amount of UPpity or liquidations events such as the mid-March 2020 incident (which the 208-week moving average was then around $5,200 and the BTC price ONLY dipped at or below such $5,200 price for about 10 days in that liquidation event).

So yeah, anything is possible, and I still think that it remains reasonable to use the 208-week moving average to attempt to figure out the extreme of the extremes that could happen and attempt to measure where we are at from there, even if the current momentum feels to be quite against such DEEP DOWNity happenings.

Regarding your average buy price going up... yeah, that largely happens if you do not shave any BTC off on the way up.
 I know that some peeps are NOT in a position to be shaving off any BTC on the way up.. and I can definitely relate to that practice/approach because in my thinking you have to have some kind of objective measure, framing or psychology that you are someone over invested or overweighted in BTC before you should prudently be feeling like shavening off any of your lillie fiends.... so I can somewhat relate to what you are saying about buying causes your average BTC price to go up... but it also causes you to have more BTC too.. so that is the other side of that card... and sometimes it is better to increase our BTC stash rather than to worry about if average cost per BTC has gone up..  By the way, our lil fiend Saylor does not seem to care if his average cost per BTC is going up.. some of his latest purchases of around 2,500 BTC were at nearly $19,500 per coin.. and this new debt to buy BTC that he is employing will also have little to no concern about if he had happened to buy more BTC at prices higher than his previously bought BTC.

[serveria.com]

Wow new wave of FUD incoming... lifting 21m coins limit, US banning private wallets cmon bears you can do better! What about China bans BTC? That one should work it always did... 

[600watt]

But at the same time the dude GETS bitcoin.  

Clearly he does not. He just called censorship-resistance and privacy "bad ideas."

And he is right about the bit with trusted layer two like Square.  And lightning is a hobbyist platform today.  Square/CashApp is an actual working product people use.  And before you sling at me too hard... I run 2 lighting nodes.

He's wrong about LN as it is not a competitor of PayPal and Square! It was not developed for that purpose, and its not a centralized entity, much less a corporation. His comparison of LN with the other two is farcical at best and reflects an extremely poor understanding of bitcoin at worst.

bitcoin = layer 1; LN = can be used as payment layer2

can be compared to

Dollar = layer 1; Paypal = used as payment layer2

so what is wrong with that comparison? his argument is that the real problem that bitcoin solves is digital scarcity. that is a 0 to 1 achievement. to implement a payment layer on top of it is just a 1 to N achievement. payment layers are a technical solvable task that has been solved in various ways and it is not exiting or important. to create a decentralized, safe, secure solution for double spending problem and Byzantine generals problem - that was the difficult/unsolveable hard problem that bitcoin solved.  I´d say Saylor has a profound understanding of bitcoin.

[OutOfMemory]

In other words:  Fuck the E-word.   

Mommy always told me to be polite (the first time) 

[BobLawblaw]

Just scooped another $500 worth of dip.

Absolutely degenerate.

[UnDerDoG81]

I just made a few bucks with ETH. Bought the dip. Now I realize its a gigantic pain in the ass to cash out the money I made lol. Anybody know how I can cash out in Turkey to Turkish bank account without being a Turkish citizen? I tried BTCTurk. You can create an account. But can only cash out if you are Turkish citizen lol...

Usually I use Bitstamp. But they dont pay to Turkey.

EDIT: I never traded so far. Only bought and holded. Until today.

congrats.
but we tend not to use the "E"-word around here  

I hope you don't "hold" on Bitstamp?

No I bought Bitcoins couple years ago and they are safe on a wallet. But I saw more % potential in ETH in a daytrade so I gone for it. But whats all that if you cant cash out in the country you currently live (Turkey) lol. I normally live in Germany but dont want to pay tax. So I better hold it a year and be tax free.

ok. It's the same around here. I missed that you want to avoid the tax, i do so too. I don't trade, but i did some time ago, which pointed out reasons not to do it again.
Once i needed to liquidate a small part to solve problems in real life   But other than that, i hodl for the future and family.

I will not touch the Bitcoins. But with the ETH I made a few hundred bucks and thought I cash the few hundred of win out and buy me something nice.

[soullyG]

Yup Bob, keep on stacking, when corn eventually pops $20k is going to look like peanuts.

Get. Your. Cheap. Coins. Now!

[BobLawblaw]

...and just stacked another $500 worth of dip @ $18,150...

I should probably go back to bed now.

[HairyMaclairy]

Go back to bed Bob. 

Have a good night.

[eddie13]

How high will BTC go when ETH screws up again and all those BTC on eth are lost/burnt?

[Star Platinum]

Hey guys im not active here so i dont remember any names really but wasnt there some guy who was ultra bearish almost every day here? What happened to him? Is he still around? I remember at like around 10k he was telling everyone to short for financial freedom or something

[friends1980]

How high will BTC go when ETH screws up again and all those BTC on eth are lost/burnt?

If that happens in a few years, Bob will probably be the only living human being left with any BTC.

[JimboToronto]

Good morning Bitcoinland.

Still bouncing along in the $18xxx range... currently $18083USD/$23118CAD (Bitcoinaverage).

Coiling, coiling.

Hey guys im not active here so i dont remember any names really but wasnt there some guy who was ultra bearish almost every day here? What happened to him? Is he still around? I remember at like around 10k he was telling everyone to short for financial freedom or something

There have been dozens like that over the years... Kwukduck (sp?), Proudhon (just a joker... not serious), Notlambchop (paid anti-Bitcoin shill), Fonzie... the list goes on and on.

Some are bitter no-coiners and some are just people trying to keep the price down to accumulate more. Ignore them. Don't feed them.

How high will BTC go when ETH screws up again and all those BTC on eth are lost/burnt?

If that happens in a few years, Bob will probably be the only living human being left with any BTC.

Nonsense. There are many of us who won't part with any of our coins except for selling a tiny amount every month to maintain out lifestyles.

[BobLawblaw]

Scooped another $500 of dip $18,050.

Somebody stop me !

[JimboToronto]

Scooped another $500 of dip $18,050.

Somebody stop me !

Go Bawb go!

[BobLawblaw]

Go Bawb go!

... and another $100 in BitcoinPP from $$$ I have hanging around in my account balance there ...

Fuck.

I need help.

EDIT: Limit order for another $500 chunk of dip @ $17,950 on Gemini in play.
EDIT2: Filled.
EDIT3: I have an appt to get one of my ponies worked on today. I was musing to Rick while out for coffee this morning "How super pissed off would you be if I just upgraded to a new car instead of getting the service done ?" and Rick just had to shake his head in abject disgust.

[cAPSLOCK]

How high will BTC go when ETH screws up again and all those BTC on eth are lost/burnt?

If that happens in a few years, Bob will probably be the only living human being left with any BTC.

He will have bought every single last one on paypal?

[soullyG]

Scooped another $500 of dip $18,050.

Somebody stop me !

No way, going to attempt to scoop them out from under you first

[d_eddie]

I got an email from my bank. "We tried to phone you to clear some issues with a wire you made in the past days, but we didn't manage to talk to you." Of course. I had it switched off. So I called back, but the line mysteriously dropped after the person on the other end said "let me check this... wait a minute...". Twice.

I already had a hunch what it was about, but of course I thought I'd play dumb to extract as much info as possible. An hour later, I tried calling for the third time. At last, I get through to someone who can actually explain.

The problem was with a wire I made to Kraken. Not a big amount by any means - something in the ballpark of Bob's recent addiction buys*  

Bank - "We just want to make sure you actually ordered the wire."

Me - "Why? I make dozens of wires, it's the first time..." (Actually not the first: they called once upon a time when I moved most of my fiat to another bank because they pissed me off - but that was to beg: please don't please don't.)

Bank - "I don't know, it's like an automatic system flag... well, it's to some kraken.com."

Me - (Aha!) "I see. So what's the issue?"

Bank - "No issue, sir. We just want to make sure it was actually you who wired the money."

Me - "I did. But now I'm worrying. Is this a scam site or something?"

Bank - "It is some cryptocurrency site, I think... but as I said, it's just an automatic flag. Nothing to worry about, sir."

Me - "What if Kraken sends some funds to me? Will the transfer get a flag too? Will the incoming wire be blocked?" (Slightly implying - should I close my business with you altogether?)

Bank - "Oh no, sir. Incoming transfers are never stopped. There might be some formal issue with outgoing transfers once in a while, but never the other way round."

Me - "I am afraid. I don't want any problems, you see."

Bank - "Just an automatic flag, sir. Thank you."



Things are stirring up, gents. Brace yourselves.


* BTW Bob, you're doing great! Keep at it and live joyfully! I wanted to merit your latest haiku - but I've only got a couple sMerits left, and I'd rather use them to advance some worthy newcomer.
+1 WOsMerit for that.