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

[eddie13]

Guys.. Haven’t you been in crypto very long?
This is what crypto does..

Yeah it’ll probably retrace, but the important part is that it cleared the books/cleared a path to where it is now..
The higher the path it clears the better.. I hope it spikes and clears the books to infinity even if it dumps back to 25k..

Wipes all those old sell orders out of the books, so if/when it goes back down, it only needs to break the NEW orders to get back there..

How many new sell orders are happening vs buys? Upward buying pressure?
We are good dudes calm down..

[Elwar]

I finally got my family to invest at around $7k. Even my 80 year old mom bought at $9k.

Today I told them that the next step for them is to put in a limit order at a higher price that they think it may reach and only sell half. I told them it could jump to $100k but that it would only happen for a minute and they'd likely be out driving or doing something else to catch the top in time.

My sister figured out a limit order.

I talked my brother through converting his sons' private keys into a wallet after I sent them one BTC as a gift back in 2015 and told him it could pay for their college one day. He said he didn't believe me until today.

I usually send the n00bs to Coinbase. No harm in them losing their $200 investment to a Coinbase hack. The key is them learning how Bitcoin works.

I'll probably sell up to enough to not go above a certain capital gains tax bracket to get me through another 4 years of spending money.

The fact that they printed 37% of all dollars in the past year, if you're not up 37% over the past year you lost money. I can think of nothing other than Bitcoin to have as an investment as we go into the "Great Reset" where "you will own nothing and love it".

[UnDerDoG81]

What I think currently is happening is, computer nerd early adopter whales giving their long holded coins away to the real sharks. If Wall Street and Co. holds a big part of Bitcoin, it will become just another currency that is controlled by the richest of the world.

[BobLawblaw]

Rick and I just got back from getting coffee and running a couple errands. Rick looks over at one of our tickers upon return to the house and is all like...

Rick: "HOLY SHIT ! It's over $32k man. You just made another 7 digits while we were out!"
Me: "OK. You want me to sell some more or something ?"
Rick: "Hell no. LET IT RIDE !!!"
Me: "OK." (Makes self a greyhound and continues to observe the wall)

Gentlemen.

#humble #blessed

[eddie13]

Another thing is..
The actual market cap is nowhere near the same as mined coins.. Their are TONS of lost forever coins..
Satoshi coins.. Cryptsy coins.. And on and on..

Therefore, it’s much easier to go up than what the math based on mined coins Market cap states..

Bigger than visa or Berkshire Hathaway?
Sound cool, but actually probably not..

How many coins in circulation have been moved in the last 4 years? + 10%..
That’s probably closer to the actual market cap..

$650k to equal the cap of gold?
Probably more like $1mm ea to equal the cap of gold..

[Gyrsur]

Gents, please calm down a bit. absolute figures are nonsense because we are in the range of larger investors now with the price of 1 BTC.

percentage change per 24h should be now the right tool for assessing the situation.

[lightfoot]

The year started badly for me, I've been in bed for the last couple of days. High fever (up to 40 degC), diarrhea, it's fucking torture... Could be a cold, a flu, or COVID-19, I don't know. What I do know, is that I had to go to different places the last couple of weeks and most people I met either did not wear masks properly, or not at all. FUCKS! Measured my fever just now, it's 38 degC. It could mean it's subsiding. I hope so.

Lots of merit-worthy posts out there, you guys are awesome, my phone is next to my bed, trying to catch up. No merits to pass on, but that's no problem I see many of you have taken care of that.

Going back to bed, and hopefully whatever bug or virus I have will clear away soon.

Sounds like covid. Hate to say this, but I believe in facing reality: Make sure someone has access to your coins. Reason being I have had two people in December die of COVID. Both felt terrible, went to hospital, felt much better in 2 days, talked to me on the phone about how it really sucked, it wasn't the flu and holy fuck what a nightmare including the shits. The next morning both were dead. They go fast after getting "better".

Please take care of yourself and watch this carefully. I hate seeing people die of this completely preventable shit.

[BlackHatCoiner]

 

[Icygreen]

Walked into my bank a couple days before Christmas wearing a mandatory face nappy for the last time. Also wore my BTC hat and proceeded to close my business account.  The look on the bankers face showed that he thought I was nuts. Rarely have I felt more badass.

[machasm]

Congrats to my fellow WOers on the 30K breach.
Now can someone explain to me wtf is going on??

https://twitter.com/krakenfx/status/1340054489106137088

#NgU

lol. have my last merit.

[Torque]

I had another chat with my friend, the gal who likes to discuss savings/stock market with me. Classical weak hands type. I wrote about her a while back, on Dec 7, 2020. Price was around the old ATH @19k . (here: https://bitcointalk.org/index.php?topic=178336.msg55770951#msg55770951 )

Today she wrote me and started with a message like "Why is Bit coin rising? The government should ban it cuz launder drug money blah blah".

My first replies were curt.  "Bitcoin: one word or you'll sound like a noob. The primary cleaning agent for laundering is USD by far."

Then she said: "I am afraid, blah blah, so many types of bitcoin, how do I buy blah blah"

I was gentler. "Only one kind, ticker is XBT or BTC. The other 'types' look cheaper because they're junk. Don't touch them."

I went on - You need to open an account at an exchange. Try Bitstamp or Kraken. Avoid Coinbase if you can. You'll need to go through KYC/AML, money laundering my ass. Once you have a bunch, you'll need to make yourself a wallet and transfer them into your own possession. Bitcoiners say "Not your keys, not your coins".

Long story short, I held up to her barrage of questions and gave her a crash course. More than anything, I told her to buy and hold. I spelt it wrong, just like this: hold. She's not advanced enough yet to be taught proper spelling. I said it might go down. I'm pretty sure it will go down and you'll suffer. That is when you have to buy more. That's the difference between happy and sad in the long run.

At the end she said "Oh thank you. But you know, call me chicken but I won't."

I'm pretty sure she'll come around. She'll probably want some at 50k. What could I reply to that?

"Of course you're free to do as you please. Bitcoiners say 'Have fun staying poor' "

Tell her that her fiat wealth is losing value at about -10%/year due to inflation, and tell her to calculate in her head how long it will take for her to be half as poor as she is today.

If she can do simple math, it will scare the absolute shit out of her.

If she can't do simple math, then she's too much of a simp normie to save herself.

[Paashaas]

What a way to start 2021 BTC Golden Bull Run.

Another ATH!

$30,000

$31,000

$32,500

[ewibit]

online mouse button tester

33.10

[lightfoot]

You're probably right. I, too, have long forgone any evangelism. But this chick does care about her financial future, we've been talking money and stocks for a long time, she seemed so helpless... well, I failed and told her.

I'll be sure to poke her some more at 100k. She does deserve it if she doesn't get any btc and clings to her losing strategy of buying stocks and selling at the first dip wondering why she didn't pick the "really magic stock".

Honest answer: Sell her a bit penny. TAKE HER MONEY!, set up a wallet on her phone, and transfer a bitpenny to her as she hands you 300 320 340 whatever .01 BTC is worth

Then let her hold it. Hold it as it goes up, down, wherever.

[lightfoot]

Wait, it just hit $33,000? You realize one bitcoin can no longer fit into a signed integer anymore.....

[explorer]

Well I thought I would be waiting longer before I came back to congratulate everyone on 30k.
I feel like I was just here yesterday for 20k. 

See you next week 

[Gyrsur]

on Bitstamp massive sell wall @ 34 mBTC  

[lightfoot]

Anyone know someone up high at the NY Philharmonic Orchestra? When this COVID thing is over I think I want to donate money to them. In return I want a full concert performance of the song "The wheels on the bus go round and round"....

All verses.

[rdbase]

WHEN is this thing gonna blow off some steam?? Amazing.

When the train ride we are all on stops at the station.
Which doesn't look like it will anytime soon.

As for what is causing this to kick off, just like as always, we won't know until the last minute like every other reason why it had kicked off in the past.
We are the last ones to know the reasoning behind the pump up in price.
New SEC director being appointed by biden administration being pro bitcoin?
Paypal buying up more for their first quarter selling of it on their platform to US citizens?
Coinbase delisting shitcoins(XRP I am looking at you! ) to make more room for bitcoin futures?
Who the F knows.

[El duderino_]